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MGFOREX — Forex Broker

Advantages

  • Muslim friendly Forex broker (fees instead of overnight interest).
  • Regular Forex trading contests.
  • Multi-currency accounts.

Disadvantages:

  • No longer operates. Clients transferred to Forex.com.
  • No MetaTrader 4 software support.

  See MGFOREX reviews

6.3/10 (69 votes)
Company MG Financial Group
On-line since 1997
Country United States
Payment options PayPal, wire transfer, credit cards and checks
Minimum account size $500
Minimum position size 0.1 lot
Leverage up to 1:100
Categories
Spread 3 pips on EUR/USD
Regulation

Registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA ID #0308808).

Reviews 

7 reviews of MGFOREX are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

  Nelson from Puerto Rico.
Sunday, June 1, 2008

They have a new Beta platform which has the latest technologies.

I am so happy with MG

  alinnien from the states.
Wednesday, January 30, 2008

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 10

  Francine from New York.
Monday, October 15, 2007

I just started using their demo. I didnt know abything, but they provide demo walkthroughs, and it helped me a lot. The gentleman gave am an idea about the forex market, and how to use their system. I give them a 10 for customer service

  Bob from US.
Thursday, August 30, 2007

I've had an account with them for a few years already. Good company, fair execution, professional and friendly customer service people that always resolve any issues in a timely manner.

  Ali from Jeddah , SA.
Thursday, August 30, 2007

MG is a good company, fixed spreads even when during news come out, and no problems with NFA

  Abudula from UK.
Friday, August 17, 2007

I like MGFOREX, it supports Mac, PC and Mobile/PDA forex trading. Brilliant company.

  Mohammed from Dubai,UAE.
Wednesday, August 15, 2007

Good customer service and reliable. No games, and I have not had a problem

Visit MGFOREX website. 

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