Posts Tagged ‘forex brokers’

One of the most wonderful things about the inexorable rise of the internet is the way it has given almost anybody with some money to invest and a willing mind the opportunity the experiment with, and hopefully profit from, many financial instruments which only a few years ago were the sole domain of elite City traders.

Over that same time period, many online trading companies have come into existence to fulfill demand from the general public for the opportunity to trade with these instruments.

Plus500 is one of these companies, so let’s take a look at it in closer detail – or sign-up to Plus500 now if you cannot wait.
79% of CFD-account from non professional clients loose money.

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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?

A few days ago, the popular forex broker GFC Markets announched they are changing name to Markets.com to better reflect their business and offerings.

Markets.com, a fast growing online forex broker

GFC Markets, or Markets.com as they are called now days, has been growing quickly the last year.

One of the reasons is that you can start online forex trading from just $50, so many new traders find it convenient to not risk so much.

The fact that you can trade both stock indices, commodities and currencies in the same account is another reason making it popular. (more…)

Are you into comparing various forex brokers and their trading platforms? We found a good site doing the job, ForexTradingPlatforms.net.

What’s required in your forex trading platform?

We have never seen a forex page with so detailed reviews about how the forex sites look like. Here, (more…)