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Broker Reviews

MIG Bank

Trust Score:

1.67

(3 Reviews)
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About MIG Bank

MIG Bank operates as a Swiss forex and CFD broker headquartered in Lausanne and originally established in 2003. It offers online trading via the MetaTrader 4 platform across numerous currency pairs and metals. It serves clients in multiple international markets and has historically emphasized its Swiss banking heritage and global reach.

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Regulation & Security

The firm holds regulation under the Swiss Financial Market Supervisory Authority (FINMA) and positions itself as a Swiss-regulated entity in the currency trading space. It states that client funds are held under Swiss banking rules, though public disclosures of segregated account structures or investor compensation mechanisms remain limited.

Account and Setup

Account opening requires proof of identity and residence and supports demo accounts alongside live trading. Live account tiers start with a minimum in the thousands of US dollars and permit micro-lot trade sizes via MT4.

Funding Options

The broker supports standard deposit methods including bank wire transfers and credit/debit cards, though full details on processing times and fees are not consistently published.

Bot & API Compatibility

Automated trading is supported through the MetaTrader 4 platform, which permits use of Expert Advisors, custom indicators and scripted algorithmic strategies in a retail account context.

Trading Conditions& Restrictions

Trading conditions include variable spreads on major currency pairs that have historically started around two to four pips in typical market conditions, while maximum leverage levels reach up to 1:500 for certain account types. The broker allows hedging and scalping strategies, though specific margin call and stop-out thresholds require review of account terms.```

Regulation & Security

The firm holds regulation under the Swiss Financial Market Supervisory Authority (FINMA) and positions itself as a Swiss-regulated entity in the currency trading space. It states that client funds are held under Swiss banking rules, though public disclosures of segregated account structures or investor compensation mechanisms remain limited.

Account and Setup

Account opening requires proof of identity and residence and supports demo accounts alongside live trading. Live account tiers start with a minimum in the thousands of US dollars and permit micro-lot trade sizes via MT4.

Funding Options

The broker supports standard deposit methods including bank wire transfers and credit/debit cards, though full details on processing times and fees are not consistently published.

Bot & API Compatibility

Automated trading is supported through the MetaTrader 4 platform, which permits use of Expert Advisors, custom indicators and scripted algorithmic strategies in a retail account context.

Trading Conditions& Restrictions

Trading conditions include variable spreads on major currency pairs that have historically started around two to four pips in typical market conditions, while maximum leverage levels reach up to 1:500 for certain account types. The broker allows hedging and scalping strategies, though specific margin call and stop-out thresholds require review of account terms.```

MIG Bank Reviews

( 3 )

MIG Bank Reviews

( 3 )
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