ECN. Used most by professional traders. Difficult platform for beginners
Minimum deposit $10000 (or $3,000 if under 25yo) * Well diversified -Oanda
Market maker. Second largest retail FX brokerage in the US. Easy platform for beginners.
No minimum deposit
Not well diversified, but well capitalized -Gain Capital (whitelabel forex.com) *Market Maker *Fair spreads *Minimum deposit $250 *Well diversified -FXCM Inc
ECN. Largest retail FX brokerage in the US
Minimum deposit $2000
Not well diversified. CAUTION: FXCM nearly went bankrupt in Jan-2015 due to a lack of diversification and low capitalisation. As a result FXCM LLC was bailed out with a large loan which may prove difficult to pay back. Be warned that their business may not be sustainable in the long term. -MBTrading
ECN. Mid-sized retail FX brokerage
Minimum deposit $400
International Only- -LMAX (whitelabel DarwinEx) *DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified -Dukascopy *ECN based in Switzerland, but available elsewhere depending on local regulations. *Tight spreads *Minimum deposit $100 *Fairly well diversified -IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified -Pepperstone *ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified Software / Apps: Desktop/mobile
Apps are typically broker dependent. Some brokers have their own proprietary software, while others lease common software like Metatrader or NinjaTrader. Some software has a large development community for indicators and EAs.
Terminology/Acronyms: www.forexlive.com/ForexJargon - Common terms and acronyms FAQ: I need to exchange money, how do I do it? This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee. I have money in one currency and need to exchange it into another sometime in the future, should I wait? Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it. I have an FX account, should I start trading demo or live? This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance. What’s money management? Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered. More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp www.swing-trade-stocks.com/money-management.html What about automated trading? Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams. What indicators are best? That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc. What timeframe should I trade? Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades. Should I trade using fundamental analysis (FA) of technical analysis (TA)? This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint. I’ve heard trading Binary Options is an easy way to make money? The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX. Am I actually exchanging currencies? Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another. Why didn't my order fill? Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
Forex Rating; Forex Brokers Comparison; Forex Brokers Comparison — Compare Brokers 2020. To choose a right forex broker you need to search and compare forex brokers by multipule criteria. Forex-ratings.com has something to offer to make forex broker comparison handy and comprehensible. A Forex broker is an intermediary between a trader and the currency market. Retail foreign exchange trading is not possible without a Forex brokerage. A good broker provides a trading platform, accepts deposits and processes withdrawals, provides leverage, and promptly executes trading orders.Sometimes, FX brokerage companies would also offer education, bonuses, trade copying, and other ... Forex broker shopping is a serious business, and finding the brokerage to best suite your needs depends on a large set of factors. Of course, you can always trust your gut feeling – but if you rely solely on that, you're likely to end up royally screwed. One of the most important things you should be looking for is spreads. Obviously, the ... A list of ECN Forex brokers that provide Forex traders with a direct access to the other Forex market participants — retail and institutional. This results in some advantages — no anti-scalping, no «stop-loss hunting», very low spreads; and disadvantages — ECN brokers charge commissions for Forex trading. ECN stands for Electronic Communication Network and means a network of traders ... The low spreads, no-dealing desk ECN pricing, low trading costs, top tier trading platforms, CFDs offered, execution speed and range of funding methods combine to make Pepperstone the best forex broker in Europe. Headquartered in Australia, Pepperstone serves the needs of European forex traders through its UK branch and Germany (and Austria) through its Germany subsidiary. ECN forex broker comparison tool provided by our rating is intended to help you to choose the best best ecn broker ever to trade with. ECN broker list grows perpetually as long as more and more brokerages start offering direct trading services to their customers. The reviews from real traders you can find at our forum will assist you to select best ecn brokers from the variety of those. Below are a list of comparison factors, some will be more important to you than others but all are worth considering. Details on all these elements for each brand can be found in the individual reviews. Forex Brokers. Show Filters Review. Forex.com are a leading forex broker. Offering the largest range of currency pairs (80+) and some of the tightest spreads in the industry. Forex.com are a ... Compare brokers with this detailed comparison table. And now, let's see the top forex brokers in 2020 one by one, starting with the winner, Saxo Bank. Advertisement. Our readers say . I just wanted to give you a big thanks! I really enjoyed your website, searching for the best broker for my wishes. I also have a commission based website and obviously I registered at Interactive Brokers through ... Best Forex Broker Comparison 2020. Find the Best Forex Brokers in 2020. With our deep research we found best forex broker like IC Markets, FP Markets, XM, FxPro, AxiTrader,Nord FX based on lowest spreads, no deposit and withdrawal fees, trading platforms ,fast execution and high quality customer support. Unbiased comparison of top forex brokers / best expert advisors (EAs) and more. It's all about transparency! Many aspects of the Forex market are shady. Could you answer, whom to trust in this market? Which broker or which EA seller? And even if you find a trustworthy broker / EA seller, is there another one that offers better conditions? Our mission is to bring a bit more transparency into ...
Skype ID - darianspartz Brokers - ICmarkets - https://icmarkets.com/?camp=9269 HotForex - https://www.hotforex.com/?refid=320156 LMFX - https://www.lmfx.com/... Most Forex Brokers are scams, but you will be surprised at what else we found ! 🚨🚨Trading Performance 🚨🚨 Improve Your Trading Performance at our Fundamental ... Stephen describes the trend of some Forex brokers, particularly the Market Makers in passing themselves off as ECN brokers. But beware, they are not. As a Forex Coach, Stephen teaches folks how to ... Comparison of live forex account vs demo account ECN platform. Hidden secrets of brokers. My Broker! https://www.ospreyfx.com/?cmp=1f1e1a2s&refid=1809 Join the team for FREE today! ️ https://www.mambafx.net Buy the MambaFX day trading and scalpin... Top 10 zero (no) spread Forex Brokers for traders // Review Find the best no spread forex brokers: https://www.trusted-broker-reviews.com/forex-broker/fore... This is an IG US Review. They have taken over the top spot. The best Forex broker for Americans right now just happens to be the newest player in the game. A...