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Overview

MIG Bank, previously called MIG Investments, was established in 2003 in the Swiss town Neuch?tel. Since its establishment the company has focused on providing high-quality services in the field of Internet trading to customers from all over the world. Exactly this attitude to work allowed MIG Bank to obtain a Swiss banking license in 2009 and became the first Forex broker to whom it was issued.

At the moment the broker has representative offices in more than 120 countries around the world and the main offices are located in London, Zurich and Hong Kong.

MIG Bank provides traders from all over the world with excellent conditions for trading on the global financial markets, where the foreign exchange market occupies the first place. Forex broker is focused primarily on experienced traders, but at the same time it does not forget about the beginners, providing them with learning materials about Forex trading on its site.

Besides, MIG Bank is the sponsor of the German auto team "Mercedes", participating in the prestigious races and receiving high places in them, including the second place in the "Formula 1", which is considered to be one of the most important in its history.

Bonuses

Broker MIG Bank holds periodically promotions for its clients, informing about them in advance via its website and by e-mail.

The contest on demo accounts is available for all traders of the broker and it is possible to register in it both before the start and during its passage. This contest lasts 2 weeks, during which participants are trading on the currency market using real foreign exchange rates. Traders can use any trading strategy, any Forex expert advisor and scalping during the contest, trying finally to get the highest profit. Winners of the contest will be traders, who show the greatest profit. They receive Forex bonuses and valuable gifts form the broker.

Prizes of the contest:

- the 1st place - Forex bonus $1000 and iPad

- the 2nd place - Forex bonus $300 and mini iPad

- the 3rd place - Forex bonus $200 and mini iPad.

Besides, MIG Bank Forex gives bonuses to all other participants, regardless of whether they have been able to make a profit while trading or have lost all funds. Forex $100 bonus is credited to the account of each participant of the contest, who will open a real account. Bonus funds become immediately available for the Forex trading any currency pair and they can be withdrawn from the account by conducting at least 10 transactions.

Training

MIG Bank offers customers a free trading education on the international Forex market using learning materials, published on its website.

Novice traders will find answers to the following questions in the section "Basics of Forex Trading":

- what is the Forex market

- who trades on Forex

- what are the advantages of the currency market

- what are the types of Forex market analysis

- what is technical analysis

- how to use technical analysis

- what is fundamental analysis

- how to use fundamental analysis

- what trading terminals are suitable for trading currency pairs

Customers will learn about contracts for difference and how to use them for a fairly small investment to make a profit in the section "What is CFD?".

Specific terms of the currency market are explained in the section "Forex Glossary". Novice traders will not be able to start trading without their knowledge.

In addition, customers can get acquainted with video tutorials about trading terminals MetaTrader 4 and MetaTrader 5 from which they will learn:

- how to install a trading terminal on the computer

- how to set up a trading terminal

- what functions are available in a terminal

- how to use chart Forex indicators.

Customers who have trading accounts: Advanced, Advanced Plus, Prime and Prime Plus have the opportunity to participate in webinars, about which the broker informs them via e-mail.

New customers of the MIG Bank may open a free demo account that is available within 30 days and it will be blocked after this period. Customers can trade on demo accounts using real foreign exchange rates, but with the virtual money, allowing them to master Internet trading without risk, and use them to test the Forex expert advisors or new trading strategies, if necessary.

Terms of trading

MIG Bank offers the following trading conditions for traders:

- the foreign currency account (the base currency)

- no minimum deposit

- leverages are 1:50 and 1:100 (the leverage 1:500 is provided on a request of a trader)

- a lot of currency pairs, securities, gold, silver, futures)

- market spread

MetaTrader 4

- multi-language support

- order execution - Instant Execution

- huge database of embedded Forex indicators

- the use of the MetaQuotes Language 4 for creation and installation of Forex expert advisors

- currency quotes export via DDE

- chart printing.

MetaTrader 5

- multi-language support

- order execution - Instant Execution

- huge database of embedded Forex indicators

- the use of the MetaQuotes Language 5 for creation of complicated Forex expert advisors

- currency quotes export via DDE

- high productivity due to support of several components-servers

- charts printing.

Web-Metatrader

- trading on the foreign exchange market through the browser without installation of a client program

- analogue of MetaTrader 4.

Forex broker of the MIG Bank allows traders to choose from one of several accounts:

- Explorer

- Standard

- Advanced

- Advanced Plus

- Prime

- Prime Plus.

Trading account Explorer:

- deposit is from $9,999

- spread is from 2.1 points

- overview of the currency market (daily and weekly).

Trading account Standard:

- deposit is from $10,000 to $49,999

- spread is from 1.9 points

- overview of the currency market (daily and weekly)

- support of traders in their native language.

Trading account Advanced:

- deposit is from $50,000 to $99,999

- spread is from 1.4 points

- overview of the currency market (daily and weekly)

- support of traders in their native language

- programming of Forex experts advisors by specialists of the broker free of charge

- access to webinars

- exclusive market reporting.

After one year of trading on the account Advanced traders are transferred automatically to the account Advanced Plus.

Trading account Advanced Plus:

- free VPS

- deposit is from $100,000 to $249,999

- spread is from 1.1 points

- overview of the currency market (daily and weekly)

- support of traders in their native language

- programming of Forex experts advisors by specialists of the broker free of charge

- access to webinars

- exclusive market reporting.

After five years of trading on the account Advanced Plus traders are transferred automatically to the account Prime.

Trading account Prime:

- free VPS

- deposit is from $250,000

- spread is from 0.9 points

- overview of the currency market (daily and weekly)

- support of traders in their native language

- programming of Forex experts advisors by specialists of the broker free of charge

- access to webinars

- exclusive market reporting

- account manager

- private consultation from the analytical department of the MIG Bank

- invitations to exclusive events of the broker

- free Cash Card.

Trading account Prime Plus:

- free VPS

- deposit is from $1,000,000

- spread is from 0 points

- overview of the currency market (daily and weekly)

- support of traders in their native language

- programming of Forex experts advisors by specialists of the broker free of charge

- access to webinars

- exclusive market reporting

- account manager

- private consultation from the analytical department of the MIG Bank

- direct access to the analytical department of the broker and Wealth Management

- invitations to exclusive events of the broker

- free Cash Card.

Trading accounts can be opened only after the submission of a written application form and addition of identity documents to it. All documents should be sent to the Head Office, located in Switzerland.

Forex indicators (recommended)

- ZigZagOnParabolic

- Trade Assistant

- Schaff Trend Cycle

- Var Mov Avg

- Range Expansion Index.

Forex expert advisors (recommended)

- mrMartinGale (an automated Forex advisor, based on the famous Martingale method, and guided by it, an expert advisor opens positions on the foreign exchange market, making a profit by closing them)

- RelativeR2 (a Forex expert advisor for automated trading, which analysis is based on the popular technical indicator Stochastic, allowing traders to make a profit on any currency pair in case of its competent setup)

- Otkat (an automated Forex advisor that searches effectively for currency corridors, where it makes a profit, opening and closing positions on their minimum and maximum values).

Investments

Customers of the MIG Bank, who have decided to invest their funds in trust management, may find professional traders working with the trading platform Metatrader 4 (a multi-currency account) independently. With the help of this terminal, traders have the ability to manage several trading accounts of investors simultaneously. Investors and managers make an agreement concerning the fees independently without the intermediation of the broker. In case of disagreement with the manager, the investor may withdraw his funds at any time.

Unique features

MIG Bank offers its customers to participate in an affiliate program where they can receive additional income from the foreign exchange market by attracting new customers. The affiliate program has two directions.

In the first direction partners can attract new customers if they have their own Internet portals, media, or they are developers of Forex advisors for the platform MetaTrader 4.

The second direction White Label is available for financial institutions, interested in the development of business in the field of Internet trading under their own brands.

Clients should contact the staff of the MIG Bank concerning all questions about participation in the affiliate program.

Add/withdraw funds

MIG Bank enables its traders to fund their trading accounts using bank cards VISA and MasterCard, as well as the payment system Skrill.

Contacts

MIG Bank provides the comprehensive support to its customers through live chat, e-mail address [email protected] and by international phone + 41-44-808-69-00. Traders can also request a callback on the site of the broker.

Cons and pros

+ Forex broker with world reputation

+ small spread

+ good leverage

+ learning materials and webinars

- the minimum deposit is $1000

- few ways to deposit and withdraw funds.

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