Leading Swiss Forex Broker MIG BANK Obtains Securities Dealer License

By Mig Bank, PRNE
Monday, March 28, 2011

MIG BANK, was the first Forex broker to obtain a Swiss banking license at the end of 2009

NEUCHÂTEL, Switzerland, March 29, 2011 - MIG BANK, the first Forex broker to have obtained a Swiss
banking license in December 2009, has announced today it has been granted the
Securities Dealer Licenseby the FINMA, the Swiss Financial Market Regulatory
Authority. Since its foundation in 2003, MIG BANK has been offering online
Forex trading services to private and institutional clients and has become,
within a short period, one of the global leaders in the area of online Forex

(Logo: www.newscom.com/cgi-bin/prnh/20110321/443791 )

Swiss financial institutions are required to have the
Securities Dealer License in order to offer securities trading facilities
other than FX, and this license now allows MIG BANK to expand its products
portfolio and increase and diversify its trading volumes and revenues to
products such as commodities, indices, options, futures, bonds and equities.

"Obtaining the Securities Dealer License is an additional
reward and recognition of the work and investments we have done at MIG BANK
to become one of the worldwide leaders in Forex trading. Our next objective
is to become also a leader in online trading in all asset classes. For that
purpose we are now planning to expand our activities in Switzerland and
abroad. The Securities Dealer License came at the right time as we are ready
to expand our product portfolio," says MIG BANK CEO Hisham Mansour.

"The Securities Dealer License required some new resources and
further enhancements in terms of processes and controls to enable the Bank to
handle securities trading. We have delivered on the requirements and we are
pleased of this outcome and ready to continue to develop the Bank as a global
player," adds Regis Ducrey, COO/CFO of MIG BANK.


Established in Neuchâtel in 2003 under the name MIG
Investments SA, MIG BANK is among the leaders in on-line trading, offering
competitive Forex products to private, professional and institutional
clients. Combining the rigor and security of a Swiss bank with the dynamism
and responsiveness associated with a Forex broker, MIG has grown strongly in
recent years. In December 2009, MIG BANK was the first Forex broker to obtain
a Swiss banking licence. It currently employs more than 100 people to serve
clients from over 120 countries.

Thanks to high-calibre specialists, a high-powered research
department and an efficient and user-friendly trading platform, MIG BANK has
been able to adapt to the changes in the financial environment, to the
constraints of the financial crisis and to the increased demands of its
clients. One of the differentiating features of MIG BANK is that it provides
the best trading conditions in a market that attracts large numbers of
clients and allows for large volumes to be handled.

    For further information, please contact:

    Jonathan Reymond
    14, Route des Gouttes d'Or - 2008 Neuchâtel
    Tel. +41-32-722-81-00

For further information, please contact: Jonathan Reymond, 14, Route des Gouttes d'Or - 2008 Neuchâtel, Tel. +41-32-722-81-00, j.reymond at migbank.com

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