Monday, April 12, 2010

Forex Brokers with CFD Trading

Forex Brokers with CFD TradingForex Brokers with CFD Trading A list of Forex brokers which support CFD trading. CFD — a Contract for Difference —

Forex Trading Information









FOREX — the foreign exchange (currency or forex, or FX) market is the and the most liquid financial market with the daily volume of more than $3.2 trillion. Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers.

Don’t forget to check and bookmark my Forex blog to get the latest updates about Forex market and this site’s content. You can also join a friendly Forex traders community at the Forex Forum.
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Latest Brokers' Reviews:
Budie from Indonesia writes about SwissDealing:

Don't try broker swissDealing!

It's really scam!
Galore from London UK writes about Tadawul FX:

Tadawul Fx is so far the best broker. I have seen the post from Nigeria. What i should say is that they should get a better internet in Nigeria. From the UK the spead is one of the best with TDFX. Since the speed is excelent i do not get requotes.

...
YoJo from Singapore writes about FXCH:

Sorry, I should rate FXCH as SCAM.

Please review my Demo and Live account with FXCH. No free lunch. 1 pip spread for all major currency pair is a SCAM. Live account will delay and requote to make you lose money.

I knew my result is idiotic. But ple...
Latest Forex News
Pound Climbs on U.K. Manufacturing
Tue, 08 Sep 2009 12:47

The pound climbed today versus most of the 6 main traded currencies as the situation starts to become more positive for the British economy, pushing stocks up in London and consequently attracting international inflows of capitals to the United Kingdom.

World Economic Rebound Forces Dollar Down
Tue, 08 Sep 2009 09:10

The dollar is losing this week versus important major currencies like the euro and the pound as renewed optimism towards an economic recovery damped demand for the safety profile of the United States currency, as investors moved their bets to riskier assets.

Australian Dollar Rises on G-20 Economic Stimulus
Mon, 07 Sep 2009 10:49

The Australian currency is trading near the highest levels in 2009 after the Group of 20 most influential countries in the world affirmed that stimulus will remain to rescue the global economy, attracting investors to higher-yielding options, like those of the South Pacific region.

Euro Climbs on Growing Optimism
Mon, 07 Sep 2009 09:09

The euro climbed versus a number of currencies in the start of this week as investors’ confidence rose in the region, providing support for speculations regarding the end of the recession in the countries using the European common currency.

Latest Glossary Entries
VPS (Virtual Private Server) — virtual environment hosted on the dedicated server, which can be used to run the programs independent on the user's PC. Forex traders use VPS to host trading platforms and run expert advisors without unexpected interruptions.
Standard Lot — 100,000 units of the base currency of the currency pair, which you are buying or selling.
Swap — overnight payment for holding your position. Since you are not physically receiving the currency you buy, your broker should pay you the interest rate difference between the two currencies of the pair. It can be negative or positive.

If you have something to ask or comment about this site, you can contact me using this contact form.

What is Forex?








FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.

Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.

In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.

Unlike stocks and futures exchange, foreign exchange is indeed an interbank, over-the-counter (OTC) market which means there is no single universal exchange for specific currency pair. Theforeign exchange market operates 24 hours per day throughout the week between individuals with forex brokers, brokers with banks, and banks with banks. If the European session is ended the Asian session or US session will start, so all world currencies can be continually in trade. Traders can react to news when it breaks, rather than waiting forthe market to open, as is the case with most other markets.

Average daily international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study.

Like any market there is a bid/offer spread (difference between buying price and selling price). On major currency crosses, the difference between the price at which a market maker will sell ("ask", or "offer") to a wholesale customer and the price at which the same market-maker will buy ("bid") from the same wholesale customer is minimal, usually only 1 or 2 pips. In the EUR/USD price of 1.4238 a pip would be the '8' at the end. So the bid/ask quote of EUR/USD might be 1.4238/1.4239.

This, of course, does not apply to retail customers. Most individual currency speculators will trade using a broker which will typically have a spread marked up to say 3-20 pips (so in our example 1.4237/1.4239 or 1.423/1.425). The broker will give their clients often huge amounts of margin, thereby facilitating clients spending more money on the bid/ask spread. The brokers are not regulated by the U.S. Securities and Exchange Commission (since they do not sell securities), so they are not bound by the same margin limits as stock brokerages. They do not typically charge margin interest, however since currency trades must be settled in 2 days, they will "resettle" open positions (again collecting the bid/ask spread).

Individual currency speculators can work during the day and trade in the evenings, taking advantage of the market's 24 hours long trading day.

Forex FAQ







What is FOREX?
You can read the detailed answer in the separate section of the site — "What is Forex?".

How can I start trading Forex?
You'll need to register a trading account with a Forex broker, such as Marketiva. Then you can begin using their Forex client program to buy and sell currencies. This will take less than 5 minutes of your time!

Who owns Forex and where is it located?
It's not owned by anyone in particular. Forex is an Interbank market, meaning that it's transactions are conducted only between two participants - seller and the buyer. So as long as existing banking system will exist, Forex will be here. It's not connected to any specific country or government organization.

What the working hours of Forex market?
Forex market is open from 22:00 GMT Sunday (opening of Australia trading session) till 22:00 GMT Friday (closing of USA trading session).

What is margin?
Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.

What are the "long" and "short" positions?
Long position is a "buy" position, meaning that this position will be in profit if price goes up.
Short position is a "sell" position, meaning that this position will be in profit if price goes down.

What is the best Forex trading strategy?
There is none. You should constantly develop your own strategies for every possible market situation, if you want to be in profit. Specific strategies can only be good for a certain period of time and for certain currency pairs.

How much money I need to start trading Forex?
With Marketiva you can start trading Forex with as little as $1. Usually, the minimum amount varies from $100 to $10,000 ($100,000 and more for Interbank trading).

I can't (or don't want to) install any Forex trading software on my computer. Can I still trade Forex?
If you don't want (or it is not possible) to install new software to start trading Forex then a good option for you would be using web based trading platform. You can browse our Forex brokers list to find those which support such platform. Here are those brokers which have web based trading options: Easy Forex, ForexYard, Oanda, Saxo Bank, ACM, Interactive Brokers.

I've downloaded the expert advisor for MetaTrader platform but I don't know how to install it. What should I do?
You can read the MetaTrader Expert Advisors User's Tutorial to find out how to intstall those expert advisors.
I've downloaded a custom indicator for MetaTrader platform but I don't know how to install it. What should I do?
You can read the MetaTrader Indicators User's Tutorial to find out how to intstall

Forex Glossary








Ask (Offer) — price of the offer, the price you buy for.

Aussie — a Forex slang name for the Australian dollar.

Bank Rate — the percentage rate at which central bank of a country lends money to the country's commercial banks.

Bid — price of the demand, the price you sell for.

Broker — the market participating body which serves as the middleman between retail traders and larger commercial institutions.

Cable — a Forex traders slang word GBP/USD currency pair.

Carry Trade — in Forex, holding a position with a positive overnight interest return in hope of gaining profits, without closing the position, just for the central banks interest rates difference.

CFD — a Contract for Difference — special trading instrument that allows financial speculation on stocks, commodities and other instruments without actually buying.

Commission — broker commissions for operation handling.

CPI — consumer price index the statistical measure of inflation based upon changes of prices of a specified set of goods.

EA (Expert Advisor) — an automated script which is used by the trading platform software to manage positions and orders automatically without (or with little) manual control.

ECN Broker — a type of Forex brokerage firm that provide its clients direct access to other Forex market participants. ECN brokers don't discourage scalping, don't trade against the client, don't charge spread (low spread is defined by current market prices) but charge commissions for every order.

ECB (European Central Bank) — the main regulatory body of the European Union financial system.

Fed (Federal Reserve) — the main regulatory body of the United States of America financial system, which division — FOMC (Federal Open Market Committee) — regulates, among other things, federal interest rates.

Fibonacci Retracements — the levels with a high probability of trend break or bounce, calculated as the 23.6%, 32.8%, 50% and 61.8% of the trend range.

Flat (Square) — neutral state when all your positions are closed.

Fundamental Analysis — the analysis based only on news, economic indicators and global events.

GDP (Gross Domestic Product) — is a measure of the national income and output for the country's economy; it's one of the most important Forex indicators.

GTC (Good Till Cancelled) — order to buy or sell of a currency with a fixed price or worse. The order is alive (good) until execution or cancellation.

Hedging — maintaining a market position which secures the existing open positions in the opposite direction.

Jobber — a slang word for a trader which is aimed toward fast but small and short-term profit from an intra-day trading. Jobber rarely leaves open positions overnight.

Kiwi — a Forex slang name for the New Zealand currency — New Zealand dollar.

Leading Indicators — a composite index (year 1992 = 100%) of ten most important macroeconomic indicators that predicts future (6-9 months) economic activity.

Limit Order — order for a broker to buy the lot for fixed or lesser price or sell the lot for fixed or better price. Such price is called limit price.

Liquidity — the measure of markets which describes relationship between the trading volume and the price change.

Long — the position which is in a Buy direction. In Forex, the primary currency when bought is long and another is short.

Loss — the loss from closing long position at lower rate than opening or short position with higher rate than opening, or if the profit from a position closing was lower than broker commission on it.

Lot — definite amount of units or amount of money accepted for operations handling (usually it is a multiple of 100).

Margin — money, the investor needs to keep at broker account to execute trades. It supplies the possible losses which may occur in margin trading.

Margin Account — account which is used to hold investor's deposited money for FOREX trading.

Margin Call — demand of a broker to deposit more margin money to the margin account when the amount in it falls below certain minimum.

Market Order — order to buy or sell a lot for a current market price.

Market Price — the current price for which the currency is traded for on the market.

Momentum — the measure of the currency's ability to move in the given direction.

Moving Average (MA) — one of the most basic technical indicators. It shows the average rate calculated over a series of time periods. Exponential Moving Average (EMA), Weighted Moving Average (WMA) etc. are just the ways of weighing the rates and the periods.

Offer (Ask) — price of the offer, the price you buy for.

Open Position (Trade) — position on buying (long) or selling (short) for a currency pair.

Order — order for a broker to buy or sell the currency with a certain rate.

Pivot Point — the primary support/resistance point calculated basing on the previous trend's High, Low and Close prices.

Pip (Point) — the last digit in the rate (e.g. for EUR/USD 1 point = 0.0001).

Profit (Gain) — positive amount of money gained for closing the position.

Principal Value — the initial amount of money of the invested.

Realized Profit/Loss — gain/loss for already closed positions.

Resistance — price level for which the intensive selling can lead to price increasing (up-trend).

Scalping — a style of trading notable by many positions that are opened for extremely small and short-term profits.

Settled (Closed) Position — closed positions for which all needed transactions has been made.

Slippage — execution of order for a price different than expected (ordered), main reasons for slippage are — "fast" market, low liquidity and low broker's ability to execute orders.

Spread — difference between ask and bid prices for a currency pair.

Standard Lot — 100,000 units of the base currency of the currency pair, which you are buying or selling.

Stop-Limit Order — order to sell or buy a lot for a certain price or worse.

Stop-Loss Order — order to sell or buy a lot when the market reaches certain price. It is used to avoid extra losses when market moves in the opposite direction. Usually is a combination of stop-order and limit-order.

Support — price level for which intensive buying can lead to the price decreasing (down-trend).

Swap — overnight payment for holding your position. Since you are not physically receiving the currency you buy, your broker should pay you the interest rate difference between the two currencies of the pair. It can be negative or positive.

Technical Analysis — the analysis based only on the technical market data (quotes) with the help of various technical indicators.

Trend — direction of market which has been established with influence of different factors.

Unrealized (Floating) Profit/Loss — a profit/loss for your non-closed positions.

Useable Margin — amount of money in the account that can be used for trading.

Used Margin — amount of money in the account already used to hold open positions open.

Volatility — a statistical measure of the number of price changes for a given currency pair in a given period of time.

VPS (Virtual Private Server) — virtual environment hosted on the dedicated server, which can be used to run the programs independent on the user's PC. Forex traders use VPS to host trading platforms and run expert advisors without unexpected interruptions.

Forex Books








You can download free Forex e-books from my site. The information in these Forex e-books will help you develop your trading skills, money management abilities and the emotional self-control.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

Since currently there are more than 80 Forex books in my collection, they are divided into five different section. Each section is dedicated to its own topic and features the download links to e-books as well as the little description of every book.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

Forex Books for Beginners

Books about Forex Market in General

Forex Books about Trading Psychology

Money Management Forex Books

Books about Forex Strategy

Books for Advanced Forex Traders

Forex Books for Beginners










Here you will find the Forex e-books that provide the basic information on Forex trading. You can learn basic concepts of the Forex market, the technical and fundamental analysis. While all these e-books are recommended for every new Forex trader, they won't be very useful to the very experienced traders.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

Candlesticks For Support And Resistance — The basics of trading with candlesticks charts by John H. Forman.

Online Trading Courses — Course #1 lesson #1 by Jake Bernstein.

Commodity Futures Trading for Beginners — by Bruce Babcock.

Hidden Divergence — by Barbara Star, Ph.D.

Peaks and Troughs — by Martin J. Pring.

Reverse Divergences And Momentum — by Martin J. Pring.

Strategy:10 — Low-risk, high-return forex trading by W. R. Booker & Co.

The NYSE Tick Index And Candlesticks — by Tim Ord.

Trend Determination — A quick, accurate and effective methodology by John Hayden.

The Original Turtle Trading Rules — by OrignalTurtles.org.

Introduction to Forex — by 1st Forex Trading Academy. This trading course intends to provide to all of the students analytical tools on the trading system and methodologies. In this respect, the purpose of the course is to provide an overview of the many strategies that are being used in Forex market and to discuss the steps and tools that are needed in order to use these strategies successfully.

The Six Forces of Forex — by Scott Owens. A small e-book covering the basic and the main problems of Forex trading.

Study Book for Successful Foreign Exchange Dealing — by Royal Forex.

Forex. On-Line Manual for Successful Trading — an introduction into every aspect of the Forex trading including detailed descriptions of the technical and fundamental analysis techniques, by unknown author.

18 Trading Champions Share Their Keys to Top Trading Profits — as the name suggests, the book shares the secrets of the 18 prominent traders with the Forex beginners, by FWN.

The Way to Trade Forex — a 1st chapter of the book that will show you not only Forex basics but also some unusual techniques and strategies that can work for the newbie traders, by Jay Lakhani.

The Truth About Fibonacci Trading — the basic facts and information about Fibonacci levels and their application to the Forex trading, by Bill Poulos.

WebMoney Forex Brokers


Justify Full


A list of Forex brokers that offer WebMoney electronic payment system as the method to deposit/withdraw funds to/from trading account. WebMoney Forex brokers allow their customers to use this secure, fast and low commission e-currency system to make customers' Forex experience less burdened with secondary matters.

Sort by: Order | Minimum Account | Traders' Rating | Name

Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
InstaForex $1 + + + - + + 4.6
Ava FX $100 - + + - - + 6.9
FXOpen $1 + + - - + + 7.4
Forex4you $1 + + + - - + 6.6
EXNESS $100 + + + - + + 8.3
FxCompany $100 + + + - + + 8.0
10Pips $100 - + + - - + 7.0
LiteForex $1 + + + - - + 5.4
eToro $50 - + - + + + 5.5
FXcast $10 + + - - - + 5.0
Marketiva $1 - + - - + + 8.5
MasterForex $1 + + + - - + 7.4
High Street Networking $100 - + - + - - 3.1
Real Trade $20 + + + - - + 3.2
IFC Markets $1 - + - - + + 8.5
Neuimex $400 + + + - + + 4.3
FXDD $500 + + - - - + 6.6
GCI Financial $2,000 + + + + + + 7.5
Forex-Metal $1 + + + - + + 6.0
Exto Capital $1,000 - + + + + + 4.7
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXD24 $250 + + - - - + 7.8
FOREX UKRAINE $100 + + + - - + 7.1
Admiral Markets $10 + + + - - + 6.7
FXCH $2,000 + + + - - + 3.1
BroCo $10 + + + - + - 4.5
AL Trade $200 + + + - - + 3.1
FXM Financial Group $10 + + - - + + 8.1
Alma Forex $1 + + - - + + 3.1
UFXBank $500 - + - + - + 6.7
MoneyRain $100 + + + - + + 7.6
Boston Merchant Financial $100 + + + - + + 6.2
1pipfix $100 + + + - - + 2.0
Basel Financial $50 + + - - + + 7.5

Forex Brokers with CFD Trading





A list of Forex brokers which support CFD trading. CFD — a Contract for Difference — special contract which allows traders to earn money on the price (stock, commodity or other) falling or rising, without buying any stock or commodity. CFD is a great way to try stock trading and is usually supported by Metatrader 4 Forex Brokers.

Sort by: Order | Minimum Account | Traders' Rating | Name

Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
InstaForex $1 + + + - + + 4.6
Ava FX $100 - + + - - + 6.9
Forex4you $1 + + + - - + 6.6
EXNESS $100 + + + - + + 8.3
FxCompany $100 + + + - + + 8.0
10Pips $100 - + + - - + 7.0
LiteForex $1 + + + - - + 5.4
Plus500 $50 - - + - - + 7.3
InvestTechFX $100 + - + - + + 8.5
MasterForex $1 + + + - - + 7.4
Aurora Global Markets $1,500 - - + + + - 4.8
E-Global $20 + - + - + + 8.5
IS Markets $250 + - + - + + 4.5
Saxo Bank $2,000 - - + - + - 8.7
Interactive Brokers $5,000 - - + + + + 8.0
X-Trade Brokers $2,000 + - + - + - 4.5
Finotec $200 - - + - + + 7.4
Real Trade $20 + + + - - + 3.2
ODL Securities $2,000 + - + - + + 6.4
MF Global $10,000 - - + - + - 3.6
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
IG Markets $200 - - + + + + 8.3
CMC Markets $2,000 - - + - + - 3.8
Neuimex $400 + + + - + + 4.3
MFN $500 - - + - - + 3.6
FIBOGroup $300 + - + - - + 4.8
ActivTrades €250 + - + + + + 5.9
ABN AMRO marketindex £1 - - + + + + 7.5
GCI Financial $2,000 + + + + + + 7.5
VarengoldBankFX $1,000 + - + - + - 7.4
FxPro $100 + - + - + + 8.5
DeltaStock $100 + - + + + - 3.7
Forex-Metal $1 + + + - + + 6.0
One Financial $250 + - + + + - 7.5
Exto Capital $1,000 - + + + + + 4.7
GDI Markets $10,000 - - + - + - 6.5
GOMarkets $1 + - + - + + 6.8
Windsor Brokers $100 + - + - + - 6.2
Prime4x $100 + - + - - + 7.9
WH SelfInvest €2,500 - - + + + - 6.5
Sucden £5,000 - - + - + - 5.2
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FOREX UKRAINE $100 + + + - - + 7.1
Admiral Markets $10 + + + - - + 6.7
EMPFX $300 - - + - - + 3.8
Bulbrokers $50 + - + - + - 5.1
HMS Markets €10,000 - - + - + - 4.8
FXCH $2,000 + + + - - + 3.1
BroCo $10 + + + - + - 4.5
AL Trade $200 + + + - - + 3.1
TeleTRADE $2,000 + - + - - + 5.4
WSD $1,000 + - + - + - 3.0
NTWO $2,000 + - + - - + 3.5
Taurus Global Markets $5,000 + - + - - + 3.4
Forex Place $100 + - + - - + 6.1
Wall Street Brokers $10 + - + - - + 8.3
MoneyRain $100 + + + - + + 7.6
Boston Merchant Financial $100 + + + - + + 6.2
United World Capital $25 + - + - + + 8.7
Azurite Markets $100 - - + + + - 5.0
1pipfix $100 + + + - - + 2.0

Moneybookers Forex Brokers



A list of Forex brokers which support Moneybookers payment system as an option for funds deposit/withdrawal. Moneybookers is a popular British electronic payment system that is acceptable world-wide. It is regulated by Financial Services Authority in United Kingdom. Brokers accepting this payment system confirm their valid bank account details and the physical location.

Sort by: Order | Minimum Account | Traders' Rating | Name

Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
InstaForex $1 + + + - + + 4.6
Ava FX $100 - + + - - + 6.9
FxCompany $100 + + + - + + 8.0
LiteForex $1 + + + - - + 5.4
eToro $50 - + - + + + 5.5
InvestTechFX $100 + - + - + + 8.5
EFOREX $25 + - - - - + 3.2
IG Markets $200 - - + + + + 8.3
GCI Financial $2,000 + + + + + + 7.5
DeltaStock $100 + - + + + - 3.7
Forex-Metal $1 + + + - + + 6.0
Exto Capital $1,000 - + + + + + 4.7
Finexo $100 - - - + + + 7.5
Forex WebTrader $25 - - - + - + 4.8
FX|Clearing $10 + - - - + + 7.7
EMPFX $300 - - + - - + 3.8
BroCo $10 + + + - + - 4.5
Forex Place $100 + - + - - + 6.1
Wall Street Brokers $10 + - + - - + 8.3
FXM Financial Group $10 + + - - + + 8.1
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
UFXBank $500 - + - + - + 6.7
MoneyRain $100 + + + - + + 7.6
United World Capital $25 + - + - + + 8.7
1pipfix $100 + + + - - + 2.0
Basel Financial $50 + + - - + + 7.5

Forex Brokers with Web Based Platform





A list of on-line Forex brokers which fully support Forex tradingin the Internet browser window, without installing any trading software. This allows trading from almost any place that has a computer and doesn't require any additional software installation. Browser based Forex brokers usually offer Java and Flash trading platforms that run in the browser smoothly and securely.

Sort by: Order | Minimum Account | Traders' Rating | Name

Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
eToro $50 - + - + + + 5.5
Aurora Global Markets $1,500 - - + + + - 4.8
Easy-Forex $200 - - - + + + 3.2
Forex Capital Trading $100 - - - + + + 7.9
ACM $2,000 + - - + + - 8.2
Forex.com $250 + - - + + - 7.1
FXCM $2,000 + - - + + + 8.3
OANDA $1 - - - + + + 8.8
Interactive Brokers $5,000 - - + + + + 8.0
High Street Networking $100 - + - + - - 3.1
Questrade FX $250 - - - + + - 7.5
MGFOREX $500 - - - + + + 3.9
IG Markets $200 - - + + + + 8.3
iFOREX $100 - - - + - + 4.1
ActivTrades €250 + - + + + + 5.9
ABN AMRO marketindex £1 - - + + + + 7.5
GCI Financial $2,000 + + + + + + 7.5
Forex Trading Edge $1,000 + - - + + + 3.1
Xforex $100 - - - + - + 7.4
DeltaStock $100 + - + + + - 3.7
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
One Financial $250 + - + + + - 7.5
Exto Capital $1,000 - + + + + + 4.7
NobleTrading $250 - - - + + + 7.8
Fit Markets $500 - - - + + - 6.9
Latitude FX $1,000 + - - + + + 7.6
Finexo $100 - - - + + + 7.5
Forex WebTrader $25 - - - + - + 4.8
ForexYard $100 - - - + - + 3.5
HY Markets $50 - - - + + + 5.8
WH SelfInvest €2,500 - - + + + - 6.5
StartForex $100 + - - + - + 5.4
UFXBank $500 - + - + - + 6.7
FXGreece $2,000 - - - + - - 1.8
Azurite Markets $100 - - + + + - 5.0
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Forex Broker Interviews





Getting to know your Forex broker is very important if you want to trade with a large amount of money, or if you can't decide between two or more brokers. Interviews with the Forex brokers help to understand the broker's structure and its vision on the traders. If you are already trading actively with some broker, reading its answers on important questions will help you to get some insight on its future plans. Anyway, it is always interesting to know what someForex broker thinks about what it is doing.

Interview with FXcast Forex Broker — my first interview with FXcast (at that time) rather new Forex broker, which is known for its no-spreads Swing trading platform and the variety of e-currencies accepted as a payment method.

Interview with FXOpen Forex Broker — questions to FXOpen head manager generally were about their rebranding, Islamic Forex trading and some other Forex related issues.

Interview with eToro — this interview is about eToro innovative Forex trading platform, which offers some of the most original ways to make money via Forex market combined with the intuitive interface.

Interview with FXCM — my first interview with such a large broker, it's mainly about various issues with FXCM, including managed accounts, Refco bankruptcy

Interview with FxCompany — this interview with a rather new (at that time) MetaTrader broker goes about regulation, new features in trading and the competitiveness of the Forex brokers.

Interview with Azurite Markets — a rather new Forex broker with multiple-market trading services shares its view on the industry, the relations between the traders and the broker and its future plans.



If you want me to make an on-line interview with your Forex related company or site, or if you have an idea for my next interview please, use this form to contact me.
and other topics.

WebMoney Forex Brokers

A list of Forex brokers that offer WebMoney electronic payment system as the method to deposit/withdraw funds to/from trading account. WebMoney Forex brokers allow their customers to use this secure, fast and low commission e-currency system to make customers' Forex experience less burdened with secondary matters.

Sort by: Order | Minimum Account | Traders' Rating | Name

Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
InstaForex $1 + + + - + + 4.6
Ava FX $100 - + + - - + 6.9
FXOpen $1 + + - - + + 7.4
Forex4you $1 + + + - - + 6.6
EXNESS $100 + + + - + + 8.3
FxCompany $100 + + + - + + 8.0
10Pips $100 - + + - - + 7.0
LiteForex $1 + + + - - + 5.4
eToro $50 - + - + + + 5.5
FXcast $10 + + - - - + 5.0
Marketiva $1 - + - - + + 8.5
MasterForex $1 + + + - - + 7.4
High Street Networking $100 - + - + - - 3.1
Real Trade $20 + + + - - + 3.2
IFC Markets $1 - + - - + + 8.5
Neuimex $400 + + + - + + 4.3
FXDD $500 + + - - - + 6.6
GCI Financial $2,000 + + + + + + 7.5
Forex-Metal $1 + + + - + + 6.0
Exto Capital $1,000 - + + + + + 4.7
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXD24 $250 + + - - - + 7.8
FOREX UKRAINE $100 + + + - - + 7.1
Admiral Markets $10 + + + - - + 6.7
FXCH $2,000 + + + - - + 3.1
BroCo $10 + + + - + - 4.5
AL Trade $200 + + + - - + 3.1
FXM Financial Group $10 + + - - + + 8.1
Alma Forex $1 + + - - + + 3.1
UFXBank $500 - + - + - + 6.7
MoneyRain $100 + + + - + + 7.6
Boston Merchant Financial $100 + + + - + + 6.2
1pipfix $100 + + + - - + 2.0
Basel Financial $50 + + - - + + 7.5