MG Financial Group

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Note: The following information has not been updated by the vendor since 04/10/06.

Address:	40 Exchange Place, 12th Floor
	New York, NY 10005
Phone # for sales:	212 835 0100
Fax:	212 835 0101
Website:	www.mgforex.com
Click link to request additional product information.
E-mail address:	service@mgforex.com

CATEGORY: BROKERAGES

General Information | Account Information | Features | Additional Comments

General Information TOP

Brokerage name: MG Financial Group

Minimum account size: $1000-$2000

Base commission rates: < $4

Brief explanation of margin rates, if applicable:

zero commission, 3 pip spread on EUR/USD, 4 pip spread on USD/JPY

This brokerage has been in business for: 10-15 years

Primary type of broker: Forex

Brief description of services offered:

Experienced online forex trading firm; offers flexible leverage, 24-hour commission free dealing on 3 state of the art trading platforms. Intraday news & analysis, real-time charts, alerts and wireless trading also available.

Account Information TOP

Types of trading accounts offered: N/A

Customers online account information is updated: Up to the minute

Types of trades offerered:

Forex

Other trade types: N/A

Types of quotes offered to customers:

Real-Time

Execution methods offered:

Electronic direct access trading(SOES, SNET and the ISLD ECN)
Online Broker(trade desk)
Broker

Exchanges covered: N/A

Setup or initial costs to set up an account: 0

Features TOP

Types of services offered to customers:

Technical Analysis
Fundamental Analysis
Basic -charts & graphs
Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
Trading software- charts & graphs (create trading systems, scan and sort based on technical criteria)
Head line news
Unique proprietary stories and news coverage
Wireless (quotes, alerts, execution, etc.)

Ways customers can access their trading account:

Internet
Telephone

Allow stop, limit, and stop limit orders? Yes

Charge extra for stop, limit, and stop limit orders: No

Offer 24 hour customer support: Yes

Offer tax planning advice: No

Additional Comments TOP

Special features included in the service are:

Clients have the ability to choose the unit/contract size before every trade.

This broker's service is better than the competition in these areas:

Trade execution and Technology.

Types of security precautions taken for customers:

N/A

Communications during systems failures has been assured through:

N/A

The major plans for upgrading the current level of trading service are as follows:

N/A

General Information | Account Information | Features | Additional Comments

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