Having already tripled its account base since 2006, MIG Investments is fast becoming one of the preferred online Forex trading sites in the world. The company has been broadening its international operations from its Swiss headquarters in Neuchâtel since 2003 and now serves clients in over 100 countries.
Key to success
The key to its recent client surge has a lot to do with the success of its business model which provides a potent synergy between three vital branches in the organization – Trading, Client Support Services, and the Research Department. Improved internal communication channels and a restructured IT department help make this synergy possible. Coupled with highly competitive trading conditions, state-of-the-art trading software, and personalized customer service, M I G Investments’ offer is hard to match.
Best conditions
Three types of trading accounts are offered to fit different trading styles – the Standard, beginning from USD 2,000; the Professional, from USD 100,000 and up; and the Institutional account, reserved for high net worth clients. As part of their package to bring the best conditions possible to market, institutional spreads include an exciting 1 pip on EURUSD and USDJPY, and reduced spreads on most other pairs. The standard offering is just as competitive with 2 pip spreads on 5 pairs, aggressive spreads on a total of 34 pairs, and streamline dealing in up to 20 million. Recently more exotic currency pairs have been added. In addition to these attractive conditions, clients can trade on a leverage of 200:1. MIG’s ‘no maintenance margin policy’ means no margin calls during the week, and there is no commission charge.
Service offerings have also been boosted. Client Support speaks 16 different languages and offers a website available in 9, with Turkish being the latest addition. Favoring a personal relationship with clients, the company is committed to building fruitful partnerships by consistently providing the latest products, services and tools to improve the trading experience.
Technological advantage
The powerful, user-friendly MIG Trading Station is one of the safest and most reliable online trading platforms in the market. Available in 21 languages, live streaming prices are provided without a request for quote up to 20 million. It comes loaded with charting options and clients are able to further personalize their trading strategies by directly programming them into the platform. For a small fee, MIG can also program these strategies; Professional and Institutional account holders receive this service for free.
What’s new in-house
Critical to MIG Investments’ arsenal is its knowledge base. A new in-house Research Department provides exclusive technical analysis and intraday reports regularly; Institutional Clients can get in touch directly with experts for a talk about the market – an industry first. With over 30 years experience in bonds, commodities, equities and foreign exchange, Richard Morrish, Head of the Research Department, is an authority in his field. Richard appears regularly on CNBC giving his personal take on the Forex and Bullion markets.
Growth
Mobilising its internal organizations for yet more growth, the company has started preparing its application for a banking license, which could be allotted by the end of next year. As a prerequisite, MIG Investments is poised to significantly increase its capital and is investigating other financial services, modeled with its own unique set of offerings.
Find out what it means to be an MIG Investments client – log on to www.migfx.ch