Tag Archives: forex broker
Posted on 05. Jun, 2012 by Jakob.
Some days ago, I wrote about the broker section over at Forex Factory (Forex Factory – Broker Information) – This is a great feature to Forex Factory which allows the readers to get an easy overview over several different forex brokers and key details about them.
Posted on 10. Feb, 2012 by Jakob.
AvaFx, a well-known forex broker is newly licensed by the Australian Securities & Investments Commission (ASIC) and also licensed in the European Union and Japan. AvaFx offers: multiple platforms including: MT4, AvaTrader, Mobile Trading and Mirror Trader; Leverage up to 400:1; there are fast account openings and easy deposit methods.
Posted on 09. Feb, 2012 by Jakob.
FXCM improved their credit card funding procedure so for most credit cards, deposits will be instantly available in your FXCM trading account. I am not surprised this is a priority for FXCM and I am sure lots of clients will be pleased, with the ability to instantly fund their account. This is a tendency we see across the board, where brokers do what they can to minimize the hassle of account creation and duration of funding approval.
Posted on 25. Jan, 2011 by Jakob.
I am very pleased to see that Oanda will be upping their game, with the addition of MT4. I really never thought this would happen but now it sure seems like they are getting ready to allow customers to trade their Oanda accounts via MT4. This also means that traders will be able to continue the use of MyFxBook with their Oanda accounts. I contacted Oanda to know when it is possible to get an MetaTrader 4 account, and it seems to be a couple of weeks away. If you want to stay on top of things, keep an eye out, over at their forum. I will keep you guys updated on this.
Posted on 16. Jan, 2011 by Jakob.
Well I probably not a first mover, with the news right here, but I still thought it was worth mentioning. Yohay, the founder of Forex Crunch has gone through a major redesign of his site. Now it has more a feel of a portal than just a simple wordpress blog, and I like it. I have thought about the same thing for some time, but I think that will have to wait a bit. Anyhow, I think Yohay has done a good job, and continues to do so with new content every single day. I am currently browsing around on the site, reading his 5 points on how to choose a forex broker in 2011. Thumbs up Yohay. Keep up the good work.
Posted on 11. Nov, 2010 by Jakob.
Not even a lot of good reviews will give you any guarantee when it comes to choosing the right broker in the world currency trading. OneCorpFx was rated as a 4-star broker over at FPM. A guy called Aladar was unable to access his funds in an account with OneCorpFx and was additionally informed that the money for some reason now was with Boston Technologies
Posted on 18. Oct, 2010 by Jakob.
October 18th is the day where the US brokers have to apply the new CFTC regulations on the retail forex exchange market where lower leverage is the main issue. Judging from the market movement we have seen today, it has not really been that much of a difference to notice from any other day, which somehow seems obvious in that the market mainly is moved by larger institutions and not the retails trader. Although we might not see a lot of change in the market in general, the individual trader is affected by lower leverage. A lot of traders consider this a bad thing, but in the end I think it will be beneficial for most traders out there. If I had been forced to use less leverage back when I got started in this game, I could have saved an account or two. However, I have now been trading with Oanda for some years so I am used to the, now, standard leverage. Obviously you still have the option to go with a broker outside US and get more leverage. What are your thoughts on the new CFTC rules?
Posted on 03. Sep, 2010 by Jakob.
MT4 Spreads is a new site somewhat similar to FXIntel which I have written about before. MT4 Spreads enables you to compare spreads from several different brokers in real time. The site is made in a cool web 2.0 style and the entire layout of the site gives you a very good overview. For those of you who are looking for a new possible broker, this is definitely a great place to find the ones with the lowest spreads. Obviously you still need some due diligence before you decide on a specific broker, but this is definitely a good place to start. Another was this can be utilized, is for those of you looking for a broker with good spread around news events, as you can keep track of many brokers at the same time. All in all I think this is a great place if you are looking for spread information. Check it out right here.
Posted on 19. Aug, 2010 by Jakob.
We all know that finding the right broker can be a tough challenge. With so many brokers it can really be a difficult task to find the right one, and there are a lot of questions which should be taken into consideration before you make your final decision. One example is spike trading, which can be a really rewarding trading strategy but everything basically comes down to the right broker choice. Other aspects such as leverage, reputation, years in business, location, slippage, order execution, ECN or none ECN, should also be considered before you make your final choice. Now the guys over at ForexPeaceArmy have made a forum thread solely for the purpose of helping you in finding the right broker. Check it out here and share your thoughts on the brokers you have any experience with.
Posted on 22. Jan, 2010 by Jakob.
Yesterday I wrote a post about the new regulation proposal from the Commodity Futures Trading Commission, which you can read here. Today I stumble upon two posts related to this topic, one of them from John Forman, the author of The Essentials of Trading; he basically states that leverage on retail forex trading will not be cut down to 10:1, due to the following: (take a look at his post here)