MG offers multi-currency accounts, which allow traders to deposit, withdraw, and maintain accounts in USD, EUR, GBP, AUD, JPY, CHF, and CAD and have the added ability to convert balances between accounts. MG offers a complete trading package that includes a proprietary forex trading platform DealStationFX™, which is user friendly and features unique order capabilities such as trailing stop, OCO and IF Done orders.

Trading Platform: DealStationFX™

Demo Trading: YES
Minimum lot size:  0.1 lot
Leverage:  up to 1:100
Spreads:  from 3 pips
Minimum account size:  $500
Deposits taken by: Credit Cards, Bank Wire transfer, PayPal, on-line check and paper checks

Languages: English, Chinese, Spanish, Arabic, Russian

Headquarters: One Battery Park Plaza, 2nd Floor New York, NY 10004 USA
United States
Phone: +1-212-835-0100
Fax: +1-212-835-0101
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
FreePhone: China (North): 10-800-713-0955 / United Kingdom: Dial 0-800-89-0011, wait until the end of the message and then, dial 800-724-40-15 / Taiwan: 00-8-01-148732 / Russia: Dial 8-10-800-110-10-11, wait until the end of the message and then, dial 800-724-40-15 / Australia: 1-800-508-357 / China (South): 10-800-130-0941 / Japan: 00531-13-1162 / North America: 1.888.MGFOREX (643.6739) /

MG Forex is perhaps not the best choice of a beginner. The lack of a mini-account, relatively high initial deposit requirements may complicate the beginning stages of the education of a new trader. On the other hand, the relatively low amount of maximum leverage allowed, at 100:1, will help the trader to suffer less from the problems associated with high leverage.

If you’re a relatively experienced trader who’s looking for a trustworthy, friendly, and serious broker where you can improve your skills to the next level of professionalism, MG Financial is probably the best choice for you. This firm is committed to providing the most advanced and sophisticated tools to those who require them, but that naturally makes the experience of the novice a bit more harder.

MG Financial is a large, old, and reliable institution regulated by US financial authorities. Its quarter century long history is a rarity among forex brokers. If you’re looking for a serious institution where you can achieve your maximum potential, MG Financial will be your choice broker.