Friday, January 30, 2009

Forex Broker Comparison

Forex Broker Comparison

Firm ↓ Type ↓ Min. Deposit ↓ Min. Margin | Max. Leverage ↓ Typical Spread (Majors) ↓ Commissions ↓ Pairs ↓ Min. Trade Size ↓ Reviews ↓
MB Trading ECN $400 1% | 100:1 0-3 $5 per $100k 22 1,000 units MB Trading Reviews
FXCM NDD $300 0.5% | 200:1 2-4 $0 25 10,000 units FXCM Reviews
CitiFX Pro MM $10,000 2% | 50:1 2-4 $0 140+ 5,000 units
CMC Markets MM $2,000 0.5% | 200:1 2-3 $0 60 $10,000 CMC Reviews
dbFX MM $5,000 1% | 100:1 2-4 $0 34 100,000 units
Dukascopy ECN $50,000 1% | 100:1 ½-3 $1.80 per $100k 16 100,000 units Dukascopy Reviews
FX Solutions MM $250 0.25% | 400:1 3-4 $0 20 1,000 units FX Solutions Reviews
Interactive Brokers ECN $10,000 2% | 50:1 1-3 $2 per $100k 90 $25,000 Interactive Brokers Reviews
IFX Markets (cbfx) MM $500 1% | 100:1 2-3 $0.625 per 10k lot 27 10,000 units IFX Markets Reviews
Oanda MM $0 2% | 50:1 1½-3½ $0 38 $1 Oanda Reviews
Realtime Forex MM €2,500 1% | 100:1 3-4 $0 33 €10,000 Realtime Forex Reviews

Note: Where $0 commissions are concerned, the broker is compensated for their services through the bid/ask spread

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Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

*Disclaimer: Any opinions or recommendations expressed on any third party website are solely those of the independent providers and are not the opinions, recommendations or necessarily the views of GoForex. GoForex does not provide any legal, tax, accounting or investment advice concerning the suitability or profitability of any security or investment. GoForex has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website. Any performance claims made by third-party advertisements on this site are not necessarily indicative of future results. ZuluTrade and the FCM are compensated by the difference between the bid and ask spread. Due to the high degree of leverage used in forex trading, investors should only use risk capital because there is always the risk of substantial loss. Forex trading may not be appropriate for all investors. Account access, trade executions and system response may be adversely affected by market conditions, quote delays, system performance and other factors.
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