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The broker is audited by
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Currency trading conditions of our Business partnerMIG is specialized in dealing Forex and Bullion. Our clients can trade 25
currency pairs plus spot Gold and Silver. The minimum amount to open an account is $2,000 US. For amounts over then 500 000 USD, representative of Swiss-Dealer.com may arrange a separate account with Credit Suisse and offer forex trading through bank guarantee ( Stand by letter of credit) without transferring funds to the broker. Note. Credit Suisse may refuse account opening for certain customers. SPREADS Click here . Also check Forex Brokers comparison table. MIG generally offers streamline dealing and fixed spreads for all Foreign Exchange and Bullion contracts. However, in certain market conditions and upon MIG's sole discretion, MIG may change the quoted prices and/or spreads in the online trading platform. SCALPING ( PIP Trading) MIG accepts scalpers, but as it is difficult to cover such positions in the market, MIG may increase the spreads for clients with scalping strategies. We recommend to use strategy with at least 5 pip targeted profit. SWAPS: MAXIMUM DEAL AMOUNT There is not a maximum amount you can trade online, however there is a
maximum to the number of lots you can trade online at streaming prices. It is
always possible to trade bigger amounts, but you will need to request a quote
and depending on the market conditions, the spread may increase. Clients can
also trade bigger amounts by phone TRAILING STOPS AND HEDGING We do offer the trailing stop feature. It is active on the demo platform, and
for live accounts we activate it upon written request. The request form is
available in the Downloads section or by clicking here. Also, you can without any problems open hedge positions (hold both long and
short positions of the same pair) on the MIG Trading Station.
For amounts over then 500 000 USD, representative of Swiss-Dealer.com may arrange for customer separate account with Credit Suisse and offer forex trading through bank guarantee ( Stand by letter of credit) without transferring funds to the broker. Our no maintenance margin policy means that our clients can go
below the margin requirements during the week without MIG closing their
positions. Throughout the week your positions can fluctuate without MIG taking
action. We only require you to respect the margin requirements by Friday
evening. This no maintenance margin policy means that we do not give margin
calls and we do not automatically close your positions if you go below the
margin requirements of your positions. However, if you approach the level where
the loss of your open positions approaches the balance of your account, you will
be stopped out and your positions will be closed. The stop out will be executed
when there is only around 2% equity of the required margin left in the account.
The Client acknowledges and expressly accepts that MIG Investments SA may
record all telephone conversations between the parties. Such recordings shall
remain the property of MIG Investments SA and the Client agrees to the use
thereof or transcript there from as evidence by MIG Investments SA in any
dispute or anticipated dispute between the parties under this Agreement. In respect of each Contract entered
into by MIG Investments SA with the Client, MIG Investments SA will send to the
Client a Contract Note by the close of business on the Business Day on which the
Contract is concluded, unless the Contract is entered into after 23:00 PM CET in
which case, in respect of such Contract Note, the Contract will be treated as
having been effected on the next following Business Day. The failure of MIG
Investments SA to send a Contract Note will not prejudice the rights and
obligations of either party under a Contract. A full history statement in
respect to every Account, including any open Contracts which the Client may
have, shall be sent to the Client at the Client’s request within two weeks from
the receipt of such request by MIG. This statement can also be printed from the
Online Service provided by MIG. |
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Forex trading is intended for sophisticated investors and is not suitable for everyone. Unless otherwise expressly provided, information on this website does not constitute an offer or solicitation to conduct investment business. stock market tips
Copyright © 2006. We act as introducing broker of MIG Investments SA (Switzerland) and promote its currency trading and islamic accounts services. |