MG Forex

Shhhh · Jan 9, 2007

Hello all,

I've been using the free demo that is offered at MG Forex.com for several months now and believe I am ready to begin trading live. I have not heard much about MG so I have some questions hopefully you all can help me with...

1. Are they reliable
2. When I ask for money to be taken out of my account do I need to worry
3. Their spread for the GBPJPY is 8 Pips... I've seen tradestation at 9 so that is good; are there any better out there?

Any other info/thoughts on this company?

All thoughts and suggestions appreciated.

Thanks,
Shhhh

Ldamiani · Jan 10, 2007

I trade with MG since feb of 2003. Till some 2 years ago they had some problems with their platform during very high volatility markets, but they solved them. As all retail brokers, MG is not a platform that suits scalpers.

Shhhh · Jan 10, 2007

Quote from Ldamiani:

As all retail brokers, MG is not a platform that suits scalpers.

LDamiani,

Thanks for your reply. Just out of curiosity what do you mean by does not suit scalpers. My strategy doesn't involve scalping, just trying to learn as much as possible.

In your experience have you ever had any problems taking $$ out of your account? I've heard horror stories from some brokers in this respect.

Thanks,
Shhhh