MgForex.com Review

Since six months I am in training on demo account with MG forex.
Deal station FX plat form is easy to understand and features are very good. When I have any doubts they gave immediate response.
Shortly I am going to open real account. I believe that they can give better service to me .

Hi

I see that many of these reviews get outdated at times and wanted to give an ongoing update of this company.
MGfinancial / MGforex

After testing approx 200 demo accounts and probably annoying many of them LOL,
I found MGforex platform to be the absolute best multi platform compatible Web Based Java trading station anywhere.

I mean it, THE BEST AVAILABLE ANYWHERE.

And I've tested a lot of them so I do know about this subject.

I'm considering opening an IB referral account with them because of this topic of compatibility with MAC and Linux along with the absolute best in customer service in my opinion.

Customer service is great, I've been testing their platform for at least 3 years now, while also looking for other trading stations that can work on native Mac and Linux systems.

This is the most stable, platform I've ever used, 3 pips fixed spreads on majors,

And the Java Web Based platform has far more tools and indicators then you could ever images or desire in a web based platform. Including some of their own custom indicators you may like.

It does not have the ability to add any robots but I don't use them anyhow.
I can save my setting to my server so that any computer I run with their Java stations will open with all my saved setting and charts entact.

They have provided help/support and answered all questions promptly on their live chat support, and they seem to always be available to chat or talk on the phone.
I've never had to wait for answers and they always respond to every questions I ever ask at record speed in spite of only trading a demo for so long.

This is a class model forex company that should be followed by all other companies in my opinion.

I mean this sincerly,
My absolute favorite, and if anyone uses Mac or Linux OS's this is the only one you would ever want. Forget MT4 and emulators and virtual box.
MGfinancial just works on all Mac and Linux OS's without any compatibility problems.
I mean it NONE, NO compatibility issues.
They have this all figured out it works with any plugin you can throw at it, and all older versions of mac and linux too.

Which is why I decided to try to become an IB and perhaps offer my own trading signals FREE very soon.

I just wanted to update the forums on this topic.

Anyhow, just FYI happy trading to all.

After the Refco fiasco out of which I escaped just in time ! I opened a new account with MG Forex and for starters got terrific service from a russian guy who used to be on their staff, but he suddenly "mysteriously" disappeared and NOBODY at MG Forex would give me even a smidgen of information as to WHERE he went !!!!! This guy took "Customer Service" seriously and was first class. I continued trading with MG Forex, had far more losses then gains for some reason ? and as one other poster wrote: the software is so outdated, a "Lame duck" and IMO too complicated and slow to use. Things steadily went downhill with MG Forex from there and each time I emailed them for something, another person's name was on the signature part of the email, iow, turnover, turnover, turnover !

I let the account sit (with a very very small balance) for over a year and finally recently closed it while back in early 2006, I went yet with another broker with more updated software and am now just getting back to trading.

I put money into their managed accounts. I do not have any experience with their platform. In terms of their managed account I think they have a good strategy for the conservative fund. It will give you steady returns esp while the equity markets are performing so poorly. They had good customer service and also did their admin help was really good. I would def reccomend their managed funds. Be careful though because they have an agressive fund too where more risks are taken.

This firm is good until you are loosing money. Just start working profitable and you'll see their true face. These brokers are truly scams.

SCAM Artists. After your profits & account balance. They Liquidate trades for no reasons. Terrible rollover charges have seen upto 63%.

I chose to trade with MG due to their honesty from the day I opened a demo account. They did not pressure into opening an account, and suggested things to limit my exposure. They walk me through the platform with great patience. I could be very painful. Not long after, I decided to open a real account. Their customer service is top notch, and the platform is user friendly. So far, no complaints

Before I opened live trading account with Mgforex,they appeared to be the best forex broker around.Immediately I deposited $5,000 into the account,they started manipulating the platform to dubiously take the entire money.Their greatest trick is to close out your profitable position,or refuse to allow you take profit until the market works against you.They are BUCKETSHOP forex rogues.Do not judge with demo account,you will be mislead also.All the emails sent to them were not replied to.If you use a mini account,you will never get what I mean.So,beware.

I'm still very new to trading forex online. MG's the only broker that I've done some live trading with. Overall I have no complaints really, but like I've said I've never been with any other broker. Orders were fast at the click of the mouse. Had no problems with withdrawals. The charting is ok, got pretty comfortable with it. I've only been trading minis so far so for beginners it's been good...

Been with MG forex since 1998. Stable plattform, exact stops, I think this firm is well practised in surviving and doing well in any economic enviroment. Their basic plattform keeps you away from distractions like broker chat and broker sales and java stations works well for gprs or umts mobile, Like their free charts. Have had requotes but only at news times.

they have a high leverage factor you can save money on their charts they have an info page:forexnews.com

bad: no segregated accounts
requotes have become more frequent

have no experience what they do
if you make big money with them