Popular Online Forex Brokerage Firms
Some of the more popular companies that offer online trading in both mini accounts and standard forex accounts, are:
Popular Online Forex Brokerage Firms - CMCforexThe company uses a proprietary trading platform called MarketMaker, which has evolved into a comprehensive real-time trading, news feed, charting, and accounts platform. The company enables trades to be placed with phones as well, but only about 5% of the 6 million or so orders per year are placed over the phone. The company is one of the most popular internet forex brokerages, with clients in over 100 countries. Some of the benefits of trading with CMCforex are the wide range of instruments, with over 300 offered. You can also trade multiple product types, including spot FX, forward outright FX, and OTC FX options. Also, CMC is committed to the most competitive margins. Typically, margins are 1% on the deal amount, but may be considerably higher for some products. Minimum lot sizes and therefore the minimum account requirements are competitive as well. Popular Online Forex Brokerage Firms – GCI FinancialOne of the reasons behind GCI Financial’s popularity has been its advantageous services for day traders. The prime current example of this is the offer for free eSignal service, if you meet minimum required activity levels on your account. The minimum required levels to get free eSignal are easier to achieve if you have a day-trading strategy. For longer term-strategies, the minimum requirements are not as easy to achieve, making the GCI offering less appealing. The benefits of trading with GCI are the ability to trade forex, indices, and futures from one account. The firm has very low margin requirements and a “zero slippage guarantee”, for all forex stop and entry stop orders places at least a minute before the target price level is reached. Finally, the company is incorporated in a tax-free jurisdiction, thus offering improved confidentiality. Popular Online Forex Brokerage Firms – GFT ForexGFT (Global Forex Trading) uses an advanced trading platform called DealBookFX. Through the platform, you can be in contact with the company’s trading desk 24 hours a day. The parent company of GFT, Global Futures & Forex, was formed back in 1997, making this one of the pioneer companies in online forex brokerage business. The benefits of trading with GFT are based on the emphasis the company places on customer service. The aim of the company staff is to offer a unique dealing and trading environment on its desk that ensures that clients get their questions answered, and problems addressed, quickly and with straight answers. Popular Online Forex Brokerage Firms – Saxo BankSaxo Bank is an investment bank specializing in online trading. The company has over 200,000 members on its database. The member services include live trading prices, real-time charts, financial news and analysis. The benefits of trading with Saxo Bank include low margin requirements, ability to trade spot forex, OTC options, and forward outrights, versatile trade orders, product lineup of more than 100 currency crosses, and finally, low bid/ask spreads. |