MGForex Review


Mgforex (mgforex.com) is a service of the MG Financial Group, founded in 1992. The company is one of the more advanced brokerages, offering innovative features, such as wireless trading.

The company released the first version of their trading platform, DealStation, back in 1997. The current version has evolved to include real-time charting, advanced java push technology, and many more beneficial trading features.

As part of the aim of increasing interactivity between clients and the company, MG Financial has started a service called AlertFX, which is a tool to provide customers with forex alerts wirelessly to wherever they might be.

Mgforex Benefits - Partners

Because of the long history in the business, the company has credibility in the business, unlike many new brokerages that have started in the past couple of years.

Because of that credibility, the company has been able to partner with some of the leading names in online forex services to complement their own offering. These partners include MMS International, ForexNews, and others.

Mgforex Benefits - Trading

The company allows for very adjustable leverage policy, which allows for high leverages, if the client so chooses.

The company also claims very competitive spreads, transparent pricing, and good availability of different order types. There’s also something called FlexiTrading, which allows you to place orders in increments of 1/10th of 1 unit.

Mgforex Benefits - Services

The services bundled with the account are various. You’ll get an access to 24 hr newsfeed from ForexNews, plus a complementary access to MMS International’s selected content.

The service pack is rounded with full customer and technical support during 24 hrs in the trading week. Unlike many other brokerages, the company has a variety of manuals to supplement the support function.

Mgforex Benefits - Innovation

The trading platform of the company has evolved quite a lot through innovation. There is now three different platforms available, each with its own advantages.

The platform is also available in 5 different languages. Also, the wireless trading and AlertFX services give a whole new dimension of flexibility to trading.


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