.:: Admiral Investments and Securities Ltd. http://www.forextrade.ru/
.:: Alpari Ltd. http://www.alpari-idc.com/
.:: APEX FX Trading http://www.apexfxtrading.com/
.:: Bull Trend Brokerage http://www.bulltrend-bg.com/
.:: FiboGroup http://www.fibogroup.com/ maybe… spreads maybe a pip larger… OFFER CFD’s
.:: EuroForex Development LLC. http://www.euroforex.net/ US based
.:: fxTeam http://www.fxteam.ru/ samr as North Finance?
.:: Financial Network Worldwide Ltd. http://www.forexservice.net/ Russian only?
.:: FinMarket Ltd. http://www.finmarket.com.ua/ Ukraine
.:: Forex Global Investment LLC http://www.forexgi.com/ US based limited range of X’s wide spreads
.:: Forex Ltd. http://www.forexua.com/ Ukraine.. multi lingual
.:: FX-Pro Ltd. http://www.fx-pro.com/ fixed spreads of 3 pts on majors.. rest ??
.:: IC Vector Securities Ltd. http://www.icvector.ru/ no english
.:: Inforex Introducing Broker http://www.inforex.org/ non anglais either
.:: Integral Bank http://www.fxintegral.com.ua/ Russian
.:: Interbank FX http://www.interbankfx.com/
.:: Jaguars Investment LLC http://www.jaguarsinvestment.com/ bad link
.:: Joy Financial Group http://www.joyfg.com/ Asian.. English doesn’t seem to work
.:: KVB Kunlun New Zealand Limited http://www.kvbkunlun.com/ Hong Kong/NZ 5 pt spreads
.:: Lefco Bank http://www.lefco.ru/ Russian language
.:: Livingston Investment Inc. http://www.mytrustbank.com/ Russian language
.:: Man Financial (S) Pte Ltd http://www.manfinancial.com.sg/
.:: MIG Investments Group LLC http://www.miginvest.com/ bad link
.:: Orion Global Financial Services http://www.orionbrokers.com/ English/Arabic offices US Dubai and Swiss
.:: Performance Forex GmbH http://www.eforex-asia.com/ Phillipines based
.:: Real Trade Ltd. http://www.realtrade.lv/ Virgin Is USA and Russia, Ukraine
.:: STS Finance SC http://www.finance.sts.bg/ Bulgarian based 25 X’s + Indices spreads not too bad.. FX Pro offers Spread of 1~3 pips..
.:: Teletrade D.J. International Consulting Ltd. http://www.teletrade.ru/ Front office in Hong Kong
.:: The Commercial Group http://www.cgtim.com/ site under construction
.:: TradeFXDirect.com, Inc. http://www.tradefxdirect.com/
.:: Ukrsotsbank http://forex.ukrsotsbank.com/ Russian language
.:: Windsor Brokers Ltd. http://www.windsorbrokers.biz/ Cyprus based
.:: X-Trade Sp. z o.o. http://www.x-trade.biz/ Warsaw based big range of x’s
.:: FXBest http://www.fxbest.ru/ Russian Language
.:: ManFinancial http://www.manfinancial.com.sg/en/
.:: SNC investment http://www.sncinvestment.com/ US based
.:: FXDirectDealer http://fxdd.com/ worth a look US based
.:: Neurex http://www.neurex.de/ paypal?
http://www.northfinance.com/ free visa?
http://www.liteforex.org/ English doesn’t seem to be working
http://www.tradexgroup.com/ CHF based US and Latvia sales offices
http://www.pfgfx.com/ London, Moscow and US 3~5 pip spreads could be ok
http://www.forexua.com/ faster than North Finance??
http://forex-arabia.com/ Jordanian based bank 2~3 pip spreads
http://www.tradexgroup.com/
http://www.neuimex.com/ worth looking at
http://www.fastbrokersfx.com/ 2 pips? US based
http://www.fastbrokers.com/ 2 pips?
http://www.fibogroup.com/ good reports?
http://www.finance.sts.bg/ Indices?
http://www.finance.sts.bg/
may be worth a look
www.swissnetbroker.com
The Importance of the Money Management
Showing posts with label forex brokers. Show all posts
Showing posts with label forex brokers. Show all posts
Sunday, October 12, 2008
Saturday, October 11, 2008
Forex Trading ECN Lesson
Pros:
You can usually get better bid/ask prices since they come from several sources
Variable spreads between bid and ask may give no spread or tiny spreads at times
If they are a true ECN, they will not be forex trading against you but will pass on your orders to a bank or another customer on the other end of the transaction.
You will be able to offer a price between the bid and ask with a chance of it getting filled
If they support Stop-Limit orders, you can prevent slippage during news by making sure that your order either gets filled at the price you want or not at all
Prices may be more volatile which will be better for forex scalping
Cons:
Many do not offer integrated forex charting
Many do not offer integrated forex news
Many of the forex trading platforms are less user-friendly
Because of variable spreads (between bid and ask,) it may be more difficult to calculate stop loss and profit target in forex pips beforehand.
Examples of some ECNs*:
http://www.mbtrading.com
http://www.efxgroup.com
http://www.hotspotfx.com
http://www.interactivebrokers.com
* Some of these "ECNs" may not be true ECNs, and you may be going through a dealing desk. It is impossible to verify for sure because of the lack of regulation governing forex brokers.
It is important that you carefully look into the pros and cons of each forex broker before choosing the one which best suits your needs. You may also wish to have several broker accounts to mitigate the risks, and so that you can compare bid/ask prices and trade on the broker with the best prices for the direction you wish to forex trade.
Because of the unregulated nature of forex, US brokers are not required to keep your money in an untouchable account that only you can have access to if they were to collapse.
As customers of Refco (was one of the world's largest forex brokers) found out, their unprotected accounts made them unsecured creditors, and thus are less likely to get their money back than those who had given secured loans to Refco. What this means is that the customers' money was used to pay other creditors.
The moral of the story is this:
Deposit as little money with your forex broker as you need for forex trading, and withdraw your profits when they exceed a certain amount. Keep the rest of your trading capital in your own bank accounts which are probably government-insured.
You can usually get better bid/ask prices since they come from several sources
Variable spreads between bid and ask may give no spread or tiny spreads at times
If they are a true ECN, they will not be forex trading against you but will pass on your orders to a bank or another customer on the other end of the transaction.
You will be able to offer a price between the bid and ask with a chance of it getting filled
If they support Stop-Limit orders, you can prevent slippage during news by making sure that your order either gets filled at the price you want or not at all
Prices may be more volatile which will be better for forex scalping
Cons:
Many do not offer integrated forex charting
Many do not offer integrated forex news
Many of the forex trading platforms are less user-friendly
Because of variable spreads (between bid and ask,) it may be more difficult to calculate stop loss and profit target in forex pips beforehand.
Examples of some ECNs*:
http://www.mbtrading.com
http://www.efxgroup.com
http://www.hotspotfx.com
http://www.interactivebrokers.com
* Some of these "ECNs" may not be true ECNs, and you may be going through a dealing desk. It is impossible to verify for sure because of the lack of regulation governing forex brokers.
It is important that you carefully look into the pros and cons of each forex broker before choosing the one which best suits your needs. You may also wish to have several broker accounts to mitigate the risks, and so that you can compare bid/ask prices and trade on the broker with the best prices for the direction you wish to forex trade.
Because of the unregulated nature of forex, US brokers are not required to keep your money in an untouchable account that only you can have access to if they were to collapse.
As customers of Refco (was one of the world's largest forex brokers) found out, their unprotected accounts made them unsecured creditors, and thus are less likely to get their money back than those who had given secured loans to Refco. What this means is that the customers' money was used to pay other creditors.
The moral of the story is this:
Deposit as little money with your forex broker as you need for forex trading, and withdraw your profits when they exceed a certain amount. Keep the rest of your trading capital in your own bank accounts which are probably government-insured.
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