Forex Brokers and Market Makers
Rather than providing a long list of Online Forex Brokers, we have narrowed down our
recommendendations to a choice of five established Forex Market Makers. They
have been chosen due to their status as market leaders, the quality of their trading
systems, pricing and customer service, and their established reputations:
Forex Capital Markets (FXCM) detail
CMC Forex detail
Forex.com detail
Global Forex Trading detail
FXAdvance detail
1
Forex Capital Markets (FXCM)
Commissions: Zero
Minimum Investment: $300 FXCM Mini Account / $2,000 FXCM 100K Account
Pip spread: 3-5 pips
Customers: Approximately 20,000
Languages: English, Spanish, German, French, Italian, Portuguese, Dutch/Flemish, Chinese, japanese, Korean, Arabic, Russian, Tagalog, Hebrew, Farsi, Afrikaans
Free demo account: Yes, Free $50,000 demo trading account. Click here to register.
24 hour trading: Yes.
Mini forex trading: Yes.
Regulated by: CFTC (Commodity Futures Trading Commission)
Headquarters: Financial Square 32 Old Slip, New York, NY 10005
Phone: 1.212.897.7660
Fax: 1.212.897.7669
E-mail:
2
CMC Forex - CMC Group
Commissions: 100% Commission Free, Always - 100 to 1 leverage (1% Margin)
Minimum transaction size: 50,000 (1/2 of One Chicago-Style Currency-Futures Lot Equivalent)
Minimum Investment: Only $1,000 USD
Pip spread: 3 pips
Services: Amongst the tightest trading spreads in online Forex Trading.
Over 300 Currency
instruments to trade, plus Currency Options Trading.
Real-time Advanced
Charting and Technical Analytics + Advanced orders such as "Contingent Orders,
OCO's, "If-Dones".
Live, 1 on 1, In-Person Commentary from CMC's in-house
Market Analyst. Integrated Real-Time News, Research, Commentary and Analysis
from DOW JONES and IDEAglobal
Customers: In excess of 10,000 Accounts - Makeup: Experienced, Market-Saavy Individual Traders,
Professional Active Retail Traders, Futures & Options Traders, Money Managers,
Brokerage firms, Banks, CTA's, CPO's Hedge Funds and other Financial Institutions
Free demo account: Yes, 14 day $10,000 demo trading account. Click here to register.
24 hour trading: Yes
Mini forex trading: No.
Regulated by: UK Financial Services Authority.
Languages: French, English, Chinese (Mandarin & Cantonese), Russian, Spanish, German, Japanese,
Korean, Arabic, Hebrew, Farci, Hindi, Urdu, Turkish .
Headquarters: USA: New York City, NY Europe: London, UK
Phone: (866.FOREX.TR(ADE) or 866.367.3987 or International: 212.644.4220
Fax: 212-644-4222
E-mail:
3
Forex.com
Commissions: 0 Commission, regardless of trading activity or account balance.
Minimum Investment: $2500 with Standard, $250 with Mini
Pip spread: 4-5 pips.
Customers: Individuals, money managers and brokerage firms.
Services: 24 hr, commission-free trading in the majors and crosses, split-second trade execution
from real time, streaming quotes; upto 200:1 leverage; wireless access to market
and account info; negative balance protection; secure web-based trading platform; back office services for money
managers, etc.
Languages: English, Chinese.
Free demo account: Yes, 30 day $2,500 or $25,000 demo trading account. Click here to register.
24 hour trading: Yes.
Mini forex trading: Yes.
Regulated by: CFTC (Commodity Futures Trading Commission).
Headquarters: USA
Phone: Toll free 877.FOREXGO (367.3946)
International phone: 1.908.731.0750
Fax:1.908.731.0751
E-mail:
4
Global Forex Trading
Commissions: No commissions
Minimum Investment: $2500.00 USD
Minimum transaction size: $100,000.00 USD
Pip spread: 3-5 pips.
Customers: Private investors and introducing brokers. Corporate & financial institutions, and
fund managers.
Services: 24 Hour Dealing Desk. Telephone or Electronic order entry. Electronic order entry
via DealBook FX, the industry leading Forex dealing software.
Languages: English, Spanish, Chinese (simplified), Chinese (traditional), Japanese, Polish
Free demo account: Yes, Free 30 day demo trading account. Click here to register.
24 hour trading: Yes.
Mini forex trading: No.
Regulated by: CFTC (Commodity Futures Trading Commission).
Headquarters: 4760 Fulton Rd. suite 201, Ada Michigan 49301
Phone: 1-616.956.9273
Fax: 1-616-974-3682
E-mail:
5
FXAdvance.com
Minimum Investment: USD 5'000 (USD 2'000 mini)
Minimum transaction size: $50,000.00 USD
Pip spread: 3 pips on majors, 4 pips on Euro crosses
Customers: private investors, fund managers, financial institutions in the Asia-Pacific region.
Languages: English, Japanese and Chinese.
Free demo account: Yes, Free 30 day demo trading account. Click here to register.
24 hour trading: Yes.
Mini forex trading: Yes.
Headquarters: Tokyo, Japan.
Phone: +81 5574 7733
Fax: +81 5114 8794
E-mail:
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