mig bank forex broker reviews
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The following decisions were made:. Based on the in-depth research conducted, the Discourse has found that individual spot forex electronic transactions contain elements of usury riba in the imposition of rollover interest, resemble a sale contract with credit term by way of leverage, is ambiguous forex online analytics terms of the transfer of the possession of items exchanged between the parties, include the sale of currency that is not in possession as well as speculation that involves gambling. Furthermore, it is also illegal under the laws of Malaysia. In relation to the above, the Discourse has agreed to decide that the hukum islam main forex individual spot forex electronic transactions are prohibited as they are contrary to the precepts of the Shariah and are illegal under Malaysian law. Therefore, the Muslim community is prohibited from engaging in forex transactions such as these. The Discourse also stressed that the decision made is not applicable to foreign currency exchange operations carried out at licensed money changer counters and those handled by financial institutions that are licensed to do so under Malaysian law. Click here to view.

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Mig bank forex broker reviews

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Does not matter if I asked the question a few times - more silence? To get my profit back is not possible, because they said in their Terms and Conditions "MIG Bank is not responsible for wrong quote". As soon as I don't know which quote is wrong which one is not, they have the right to remove any of my profit at any time, in any of my transactions My question to them about that has been left with no answer; does it mean it is true?

Today I can say - this is the truth, because my broker has deducted my profit. When speaking to MIG Bank, I feel my views and questions completely insignificant; as if they are too conceited to answer or even acknowledge them. This is my next example: 2. Money withdrawal is not easy procedure. After sending my withdrawal request, money left trading account immediately but I did not receive it. What happened, they said: this bank account does not exist!

Again talking to their big people and feeling myself like insect, I have tried to use their live chat with no success. They said - send an email: but I've got a very bad experience of having them answer by email, it may not happen at all! Finally, the third operator promise to call me and after long conversation with MR L, I have got the following explanations: a. My account does not exist repeated 5 times.

MIG Bank is very professional company, they can not make this mistake my account exist 10 years and there are have been plenty of international transfers in the past. They do not know what the problem is. Then, I sent a copy of my bank statement with identical details - money was received next day but MR L.

Re-quote - constant problem for trade. It is hard to believe that some brokers allow you to open positions by market price. The worst problem is lost connection. I've got a live account since Feb , nothing changed. During hot market time terminal could be easily disconnected. There are few different brokers on my desktop - nothing like MIG Bank.

With this bank connection could be lost for few minutes, sometime over 1 hour. When I call and ask what happened and what shall I do, the answer is always the same - sorry for inconvenience. This is not important for their support - what happened with your strategy or with your positions - they only ask to call to their dealing room to close position.

I'm sure you may find that the company is not responsible for lost connection in their Terms and Conditions. Then what they are responsible for? Worst experience ever! Wouldn't recomend because they are not reliable. They will cheat you by different ways. I funded my account which is in U. However, they deposited it as swiss franc. One of their guy promised to get back to me but never did. Be careful guys. Hi all, please don't be amazed by MIG's profile and promises as once you deposit - that that is gone.

You will end up discovering strange behaviors on market And no other brokers will have those jumps. On any complaints you will find superior and arrogant answers that you are not right. There is much more I unfortunately experienced with them but these I hope are enough.

No welcome bonus If I can vote somewhere - I would give for them. After sending my withdrawal request, money left trading account immediately but I did not receive it. What happened, they said: this bank account does not exist!

Again talking to their big people and feeling myself like insect, I have tried to use their live chat with no success. Finally, the third operator promise to call me and after long conversation with MR L, I have got the following explanations:. MIG Bank is very professional company, they can not make this mistake my account exist 10 years and there are have been plenty of international transfers in the past.

Then, I sent a copy of my bank statement with identical details - money was received next day but MR L. Re-quote — constant problem for trade. It is hard to believe that some brokers allow you to open positions by market price. The worst problem is lost connection. During hot market time terminal could be easily disconnected.

There are few different brokers on my desktop — nothing like MIG Bank. With this bank connection could be lost for few minutes, sometime over 1 hour. When I call and ask what happened and what shall I do, the answer is always the same — sorry for inconvenience. This is not important for their support — what happened with your strategy or with your positions - they only ask to call to their dealing room to close position. Then what they are responsible for?

Worst experience ever! Demo freezes for no reason after 1 day, doesn't come back, doesn't let you create new accounts. Live chat- "Hi How may I help? You can email your problems to info mig-blah blah. Disappointing for a BANK. Where should I start!!! MIG Investment is by far the worst broker I have ever signed up with!!! Please be very very careful while choosing a broker. MIG Investment is know to move the markets to your disadvantage.

I registered with them though an introducing broker. I will mention her name. Her name is "Melody". She represents them here in Californian and some other states as well. She will scam you showing that she has been making a lot of money trading with them, but don't trust her. All this MIG Investment did was freeze during news reports. Every time I wanted to place an order if it was to my advantage it would freeze up or give me the trade when it was too late.

If the market was not to my advantage it would let the negative position go through so fast it's unbelievable. There scams are shown clearly like day light. Please be very careful. Please be aware that every positive review you see here are by someone representing the broker.

Not everyone want's to spend there time to promote other brokers for free. But for the negative review you see here, I would believe are to be true. People have been burnt and they are the ones who truly want to warn you of there scams. Please be very careful while choosing a broker. I have to say that I was initially very aprehensive about opening a forex account with a broker overseas. Especially having read some of these reviews, but i did and i can honestly say that MIG is better then what i expected.

They are completely legit and basically good enough. Withdrawals are quick, within 2 days. Now I do have a few problems with them. I think their trading platform itself is pretty antiquated, I feel like its something from 10 years ago. Also, their english speaking customer service people, though polite and competant, have the thickest accents that i can barely understand a word they're saying sometimes. Hi all, please don't be amazed by MIG's profile and promises as once you deposit - that that is gone.

You will end up discovering strange behaviors on market And no other brokers will have those jumps. On any complaints you will find superior and arrogant answers that you are not right. There is much more I unfortunately experienced with them but these I hope are enough. No welcome bonus If I can vote somewhere - I would give for them. Save your money and go anywhere else. This is a totally scam-broker sorry I lost more than ' with this bank. The transparent dealing is a fake and you pay a average spread from 2.

MIG is the best broker I once knew. Or has been for many years. At one point they took back No use to complain - you could easily loose your entire account and never get your money back if you complain about these issues.

Never heard about anything like this, and this has been happening only in last two years I for one, looking for a true ECN broker now I've been with MIG a few months now. As far as I can tell, they don't stop hunt or spike you out of trades.

They DO support EAs, though you have to fill out a form to get access. Just as a test, I withdrew a sum of several thousand dollars the other day. The debit from my account took under 6 hours, and the wire to my texas bank account was complete in under 2 days. One potential problem is they do not allow "scalpers", and they never tell me what that means Aside from that silly nit, I have no complaints.

They are the best broker I've ever had. I have been a MIG client for over a year and they offer excellent customer service and decent spreads which they rarely widen. They phoned me from Switzerland one day lunch time to fix an issue I had with registration my fault. It's true that they undergo daily routines which disconnect for a short period. Only once did they have significant network problems 2 hours and they advised their clients about this. Also one evening when they were down for a few minutes, I didn't get my swap paid.

I emailed them and they proptly refunded my account. Contrary to what a poster wrote below, yes they do offer EAs, I traded with one for a while.

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My next question was "how can I trade in future? Is there any way to recognise wrong quote from real? Does not matter if I asked the question a few times - more silence? To get my profit back is not possible, because they said in their Terms and Conditions "MIG Bank is not responsible for wrong quote". As soon as I don't know which quote is wrong which one is not, they have the right to remove any of my profit at any time, in any of my transactions My question to them about that has been left with no answer; does it mean it is true?

Today I can say - this is the truth, because my broker has deducted my profit. When speaking to MIG Bank, I feel my views and questions completely insignificant; as if they are too conceited to answer or even acknowledge them. This is my next example: 2. Money withdrawal is not easy procedure. After sending my withdrawal request, money left trading account immediately but I did not receive it. What happened, they said: this bank account does not exist! Again talking to their big people and feeling myself like insect, I have tried to use their live chat with no success.

They said - send an email: but I've got a very bad experience of having them answer by email, it may not happen at all! Finally, the third operator promise to call me and after long conversation with MR L, I have got the following explanations: a. My account does not exist repeated 5 times. MIG Bank is very professional company, they can not make this mistake my account exist 10 years and there are have been plenty of international transfers in the past.

They do not know what the problem is. Then, I sent a copy of my bank statement with identical details - money was received next day but MR L. Re-quote - constant problem for trade. It is hard to believe that some brokers allow you to open positions by market price. The worst problem is lost connection.

I've got a live account since Feb , nothing changed. During hot market time terminal could be easily disconnected. There are few different brokers on my desktop - nothing like MIG Bank. With this bank connection could be lost for few minutes, sometime over 1 hour. When I call and ask what happened and what shall I do, the answer is always the same - sorry for inconvenience.

This is not important for their support - what happened with your strategy or with your positions - they only ask to call to their dealing room to close position. I'm sure you may find that the company is not responsible for lost connection in their Terms and Conditions. Then what they are responsible for? Worst experience ever! Wouldn't recomend because they are not reliable. They will cheat you by different ways. I funded my account which is in U.

However, they deposited it as swiss franc. One of their guy promised to get back to me but never did. Be careful guys. Hi all, please don't be amazed by MIG's profile and promises as once you deposit - that that is gone. You will end up discovering strange behaviors on market And no other brokers will have those jumps. On any complaints you will find superior and arrogant answers that you are not right. There is much more I unfortunately experienced with them but these I hope are enough.

My next question was "how can I trade in future? Is there any way to recognise wrong quote from real? Does not matter if I asked the question a few times — more silence? To get my profit back is not possible, because they said in their Terms and Conditions "MIG Bank is not responsible for wrong quote".

Today I can say — this is the truth, because my broker has deducted my profit. When speaking to MIG Bank, I feel my views and questions completely insignificant; as if they are too conceited to answer or even acknowledge them. This is my next example:. Money withdrawal is not easy procedure. After sending my withdrawal request, money left trading account immediately but I did not receive it. What happened, they said: this bank account does not exist! Again talking to their big people and feeling myself like insect, I have tried to use their live chat with no success.

Finally, the third operator promise to call me and after long conversation with MR L, I have got the following explanations:. MIG Bank is very professional company, they can not make this mistake my account exist 10 years and there are have been plenty of international transfers in the past. Then, I sent a copy of my bank statement with identical details - money was received next day but MR L.

Re-quote — constant problem for trade. It is hard to believe that some brokers allow you to open positions by market price. The worst problem is lost connection. During hot market time terminal could be easily disconnected. There are few different brokers on my desktop — nothing like MIG Bank. With this bank connection could be lost for few minutes, sometime over 1 hour. When I call and ask what happened and what shall I do, the answer is always the same — sorry for inconvenience.

This is not important for their support — what happened with your strategy or with your positions - they only ask to call to their dealing room to close position. Then what they are responsible for? Worst experience ever! Demo freezes for no reason after 1 day, doesn't come back, doesn't let you create new accounts. Live chat- "Hi How may I help? You can email your problems to info mig-blah blah.

Disappointing for a BANK. Where should I start!!! MIG Investment is by far the worst broker I have ever signed up with!!! Please be very very careful while choosing a broker. MIG Investment is know to move the markets to your disadvantage. I registered with them though an introducing broker.

I will mention her name. Her name is "Melody". She represents them here in Californian and some other states as well. She will scam you showing that she has been making a lot of money trading with them, but don't trust her. All this MIG Investment did was freeze during news reports. Every time I wanted to place an order if it was to my advantage it would freeze up or give me the trade when it was too late. If the market was not to my advantage it would let the negative position go through so fast it's unbelievable.

There scams are shown clearly like day light. Please be very careful. Please be aware that every positive review you see here are by someone representing the broker. Not everyone want's to spend there time to promote other brokers for free. But for the negative review you see here, I would believe are to be true. People have been burnt and they are the ones who truly want to warn you of there scams.

Please be very careful while choosing a broker. I have to say that I was initially very aprehensive about opening a forex account with a broker overseas. Especially having read some of these reviews, but i did and i can honestly say that MIG is better then what i expected. They are completely legit and basically good enough. Withdrawals are quick, within 2 days. Now I do have a few problems with them. I think their trading platform itself is pretty antiquated, I feel like its something from 10 years ago.

Also, their english speaking customer service people, though polite and competant, have the thickest accents that i can barely understand a word they're saying sometimes. Hi all, please don't be amazed by MIG's profile and promises as once you deposit - that that is gone. You will end up discovering strange behaviors on market And no other brokers will have those jumps. On any complaints you will find superior and arrogant answers that you are not right.

There is much more I unfortunately experienced with them but these I hope are enough. No welcome bonus If I can vote somewhere - I would give for them. Save your money and go anywhere else. This is a totally scam-broker sorry I lost more than ' with this bank. The transparent dealing is a fake and you pay a average spread from 2. MIG is the best broker I once knew.

Or has been for many years. At one point they took back No use to complain - you could easily loose your entire account and never get your money back if you complain about these issues. Never heard about anything like this, and this has been happening only in last two years I for one, looking for a true ECN broker now I've been with MIG a few months now. As far as I can tell, they don't stop hunt or spike you out of trades. They DO support EAs, though you have to fill out a form to get access.

Just as a test, I withdrew a sum of several thousand dollars the other day. The debit from my account took under 6 hours, and the wire to my texas bank account was complete in under 2 days. One potential problem is they do not allow "scalpers", and they never tell me what that means Aside from that silly nit, I have no complaints.

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