Alan's Forex Blog

ZuluTrade adds MIG FX to available brokers list

Posted: 13 Jun 2010 06:50 AM PDT

Hi everyone. Just a quick news post to let all of you who use ZuluTrade that they’ve added a new broker to the list. This new broker is called MIG FX and they’re from Switzerland. Perhaps it may be a good idea to have your ZuluTrade account with a Swiss broker? I don’t know much about MIG FX or whether they can be trusted but they are a properly regulated firm under Swiss law. Here is what MIG FX has to say about their regulatory environment:

“…our operations are regulated and supervised by the Swiss Financial Market Supervisory Authority (FINMA). This independent authority protects the clients of financial markets, namely creditors and investors, thereby strengthening confidence in the smooth functioning, competitiveness and integrity of Switzerland's financial center.

Under this framework, and particularly in accordance with the Swiss Banking Act, clients benefit from Swiss Banking security standards, which include privileged deposits per creditor in case of a bank default.
MIG BANK only affiliates itself with minimum AA rated banks and financial institutions and undergoes consistent operational audits throughout the year by KPMG, providing external auditing, and PricewaterhouseCoopers, for internal auditing. These measures help to assure the highest financial reporting quality, transparency and business integrity possible.
MIG BANK is ISO certified for Quality Management and Information Security Standards (9001 and 27001), and employs best-practice and continual improvement techniques throughout its organization to ensure sound business operations. ”

If you decide to use MIG FX as your ZuluTrade broker I would really appreciate if you also hop on over to the Forex Nirvana forum and share with us your opinion of this broker. See this discussion thread:

http://www.forexnirvana.com/f11/mig-bank-1627/

See you on the forum.

Cheers,
Alan

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