MG Forex MG Financial LLC

MG Forex Review | MG Financial Broker | mgforex.com forex trading

Headquarters:  One Battery Park Plaza, 2nd Floor New York, NY 10004 USA

Country: United States

Regulated by: CFTC, NFA

Trader's rate 3
Editor's rate 3.0
3 reviews

 

 

MG Forex has ceased its retail forex operation on September 10, 2010.

 


What we think about MG Forex

Dear MG Client: 

 
MG has ceased its retail forex operation on September 10, 2010.  The MG Offices are now closed.
All unclaimed customer funds were transferred to the State(s) in accordance with Escheat laws.
 
We thank you for being a valued customer of MG. 
You may contact us at the following email address and phone number: 
 
MG Financial LLC
www.mgforex.com
1.917.740.2061
e-mail: service@mgforex.com
 
***No other email addresses or phone numbers will be supported.
Latest news about MG Forex

Spread

Fixed spreads EUR/USD -3 | GBP/USD - 5 | USD/CHF - 5 | USD/JPY - 4

Pros

Cons

Spreads do not widen even during news releases

 

Wide spreads

 

Slippage

Pros

Cons

No slippage during normal market conditions

 

Slippage during news releases

 

Requotes

Pros

Cons

No requotes under normal market conditions

 

Frequent requotes during news releases

 

Price feed

Pros

Cons

No price manipulation and stop-hunting

 

No

 

Platform

Pros

Cons

Plaform is very intuitive and easy to handle

Reliable servers

Decent chats 

One click dealing

No Autotrading

 

 

 

Deposit/Withdraw

Deposit

Withdraw

Bank Wire

Check

Credit card

PayPal

Bank Wire

Check 


 

 

Customer service

Pros

Cons

Decent Customer sevice

Phone

Live Chat

E-Mail 

No

 

 

 

Summary

Pros

Cons

Fixed spreads

User friendly platform

Regulated

Wide spreads

Some reqoutes 

 

Traders` reviews for MG Forex Add review

MG Forex has recently in August 2008 updated their trade platform with a new version called DealStationFX. This new version has many new features:


1. The platform is even more customizable, with more room for adding tabs and workspaces to add more charts to be viewable at your fingertips.
2. Trailing stops are now available.
3. Trades can be made directly from the charts by right clicking, and one click trading is also featured.
4. New technical indicators have been added to the mix
5. Economic events can be “plotted” on the charts to make sure that traders are aware of when important news data is coming out.
6. A more comprehensive account management area where withdrawal forms and account reports are available.

In many ways this new trade platform can compete with many of the best platforms available.

Dailyforex.com 10/29/2009

The platform is very simple and easy to use. I am new to forex and it did not take me long to figure out how to use it. The service is excellent. Very patient with me. Definitely rank them a big 5

allinien, earnforex.com 10/29/2009

MG seem to be owned by the same forex rogues as GFT Forex

They seem to be owned by the same forex rogues as GFT Forex. They will always trade against your orders. Beware, they are fraud.

Boro Goforex.net 10/28/2009