Our Review of MIG BANK Ltd
MIG Bank Ltd
MIG Bank Limited was an online Forex broker based in Switzerland. It merged with another Swiss corporation, Swissquote Bank Limited in September of 2013. There are still active links to MIG Bank, but most, if not all of them, will redirect visitors to a Swissquote page.
Traders who elect to trade with Swissquote will automatically gain the assurance that is traditionally associated with Swiss financial institutions, but it would appear at this time, surprisingly, that there are some bugs to be resolved regarding the functioning of the website. A link that seemed to offer information on spreads did not seem to be functioning.
As for information that was available, it is known that this broker offers MT4 and MT5 as trading platforms, with desktop, web and mobile versions for both.
After a little digging, it was determined that Swissquote offers different spreads according to account size. One common benchmark, the EUR/USD was showing a range from 1.9 to 1.3 pips, beginning with an account size of up to $25k USD and offering the lower end of the range for accounts of over $100k.
Swissquote offers Forex trading on 86 currency pairs and five different types of accounts. Unless it has changed as a result of the merger, leverage of up to 500:1 is possible.