MG Financial Group History
MG Financial Group, founded in 1992, is one of the oldest and most recognizable names in retail foreign exchange industry. MG's strength and focus are in providing online trading services for the foreign exchange market. MG Financial Group accepts customer orders via the Internet as well as over the phone.
In April of 1997, MG Financial Group released the first version of its online
trading platform. This trading platform enabled traders to view real-time quotations, execute transactions, and track open positions. Since the trading platform’s introduction, important features such as real-time
charting have been added.
DealStation™, which went live on January 30th 2000, has revolutionized forex-trading platforms by offering traders the latest Java “Push” Technology, which immediately “pushes” new information to your computer, automatically updating your screens. The implementation of Java technology enhances overall system performance, which will improve speed and execution time. Since then MG has also added
Desktop and HTML versions of the DealStation™.
MG Financial Group began a
news/research in the middle of 1997. This division was formed to provide MG Financial Group's clients with up-to-date information on the foreign exchange market. Analysts of the news/research division contribute expert commentary on MG's affiliate news & analysis website, Forexnews.com. MG's team of analysts is frequently quoted in publications such as
The Wall Street Journal,
The Financial Times,
Investors Business Daily, and interviewed on
Bloomberg TV.
In order to increase the connectivity between the trader and the market, MG also added
alert!fx™ and
Wireless trading to its product line. Traders can now use their web-enabled Mobile Phones or Personal Digital Assistants to connect to our proprietary wireless version of the DealStation™ to check rates, charts & news, to monitor account status, and to place orders. alert!fx™ sends rate, news, margin and technical indicator alerts to any email-enabled device of trader's choice.
In 1998, MG Financial Group became the first foreign exchange market maker to obtain fidelity bond insurance. The insurance, issued through the subsidiary of a NYSE company, protects the assets of MG Financial Group from fraud and embezzlement by members of the firm.
MG Financial Group's greatest asset is its people. The firm has recruited individuals from all nationalities and backgrounds in order to obtain its own in-house global environment. The firm's talented and competent staff is dedicated to exceeding our clients' highest standards of satisfaction.
See Also:
About MG Financial Group
What is Forex?
Forex History
How to start trading
