MIG Bank (MIGFX) announced the revolutionary new Fully Transparent Dealing Model they hope will help them get to the top of the heap in the Forex battle for more more customers.

Here's How It Works

In order to ensure that their customers get the highest possible liquidity and best market prices, MIGFX works with a pool of liquidity providers, consisting of major prime banks. These liquidity providers compete to offer MIGFX their best prices for customer order execution. The prices obtained by MIGFX from their liquidity providers are 100% transparent and can be disclosed to traders anytime.

MIGFX's IT infrastructure and price aggregator system allows them to constantly receive quotes from all of their liquidity providers, instantaneously analyzing them and identifying the best price available to fill an order. MIGFX then adds their mark-up and executes the order at the best market price in a matter of milliseconds with no dealer or no human involvement.

Depending on the account type, customers will have a certain fixed mark-up for each currency pair. This mark up is MIGFX's mark up which they add on top of the best price available in the market at the time of execution of the order to calculate the fill price.

Unlike all other execution methods exercised in the market, MIGFX keeps their mark-ups fully transparent and applies them to the best market price they receive.