MIG is the first Swiss broker to get FINMA's license

by Michael Greenberg
MIG is the first Swiss broker to get FINMA's license
Hisham Mansour MIG

Well friends, the unbelievable has happened: FINMA has finally rolled up its sleeves and got to work. As a result, M I G is the first Swiss Forex broker to have been approved by the Swiss regulatory authority and will subsequently change its status to a bank. This will gradually happen to all Swiss Forex brokers, at least these will be approven.

It has taken FINMA A LOT of time to do this - almost a year and as a result all Swiss brokers were in the dark regarding their future. Some brokers have even chosen to move offshore instead of waiting for the regulatory approval.

Anyhow, M I G have scheduled a press conference today (December 10th at 10:00 am Zurich time) where this will be officially announced.

This is the official statement:

Neuchâtel-based Foreign Exchange Broker M I G, is the first currency trading company in Switzerland to be approved by the Federal Financial Market Supervisory Authority (FINMA), thus becoming M I G Bank Ltd.

The press conference will take place today, December 10th at 10:00 am at the:

Park Hyatt Zurich

Ballroom 1

Beethoven-Strasse 21, 8002 Zurich

MIG gets FINMA approval -

Hisham Mansour MIG

Well friends, the unbelievable has happened: FINMA has finally rolled up its sleeves and got to work. As a result, M I G is the first Swiss Forex broker to have been approved by the Swiss regulatory authority and will subsequently change its status to a bank. This will gradually happen to all Swiss Forex brokers, at least these will be approven.

It has taken FINMA A LOT of time to do this - almost a year and as a result all Swiss brokers were in the dark regarding their future. Some brokers have even chosen to move offshore instead of waiting for the regulatory approval.

Anyhow, M I G have scheduled a press conference today (December 10th at 10:00 am Zurich time) where this will be officially announced.

This is the official statement:

Neuchâtel-based Foreign Exchange Broker M I G, is the first currency trading company in Switzerland to be approved by the Federal Financial Market Supervisory Authority (FINMA), thus becoming M I G Bank Ltd.

The press conference will take place today, December 10th at 10:00 am at the:

Park Hyatt Zurich

Ballroom 1

Beethoven-Strasse 21, 8002 Zurich

MIG gets FINMA approval -

Topics
forex
regulation
trading
brokers
finma
fx
About the Author: Michael Greenberg
Michael Greenberg
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