Archive for May, 2011

American magazine SmartMoney made a ranking of forex brokers earlier this week. Their review include best forex education material, software, actual spread and customer service.

With other words, their fx review is not as detailed as OnlineForex spread, but still worth to have a look at. Below you find the results for best forex brokers according to SmartMoney.com:

Forex Education Material

Best education material was provided by TD Ameritrade, according to SmartMoney.com. They have both clear and accurate fx education material, but was not significant better than most other brokers. FXDD was the losing broker in this chapter. Reason for their loss is that it is hard to navigate and they offer very basic material.

Forex Software

Meta trader software is state of the art, it seems like. However, TD Ameritrade’s software was the least impressive in the review.

Forex Spread

When SmartMoney.com measure actual spread, FXCM actually lost. This might be a surprise, since they have a rather low absolute spread. But in reality, it often gets wider during volantile market conditions.

Customer Service

Worst customer service in the forex review by SmartMoney is offered by Alpari. In the worst, you have to wait over 20 minutes to get support from Alpari. I rather suggest going to ForexYard instead if you want quick customer support.

What do you think? Any favourite forex broker?