Forex Brokers and Market Makers
Rather than providing a long listof 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:
Advanced Currency Markets detail
CMC Forex detail
Gain Capital detail
Global Forex Trading detail
Saxobank detail
1
ACM Advanced Currency Markets SA
Commissions: Zero
Minimum Investment: USD 5'000 (USD 2'000 mini)
Pip spread: 3 pips (on majors, no spread widening)
Customers: private investors, introducing brokers, fund managers, financial institutions, banks
Languages: English, French, Spanish, Greek, Italian, German
Free demo account: Yes.
24 hour trading: Yes.
Mini forex trading: Yes.
Regulated by: Swiss Federal Department of Finance
Headquarters: 50, rue du Rhone, CH-1204 Geneva, Switzerland
Phone: 00 41 22 319 22 00
Fax: 00 41 22 319 22 01
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 - Free $10,000 USD DEMO Account
24 hour trading: Yes
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
Gain Capital
Commissions: 0 Commission, regardless of trading activity or account balance.
Minimum Investment: $5,000.
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; 50:1 leverage; wireless access to market
and account info; managed account program; partner services include introducing
broker program, white label / co-brand program; back office services for money
managers, etc.
Languages: English, German, Chinese.
Free demo account: Yes.
24 hour trading: Yes.
Mini forex trading: Yes, see Forex.com.
Regulated by: NFA/CFTC U.S."
Headquarters: USA
Phone: Toll free 866 GAINSALES 866.424.6725
International phone: 1.908.542.0700
Fax: 908.542.0701
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
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
SaxoBank
Commissions: No commission on forex
Minimum Investment: $10,000.00 USD
Minimum transaction size: $50,000.00 USD
Pip spread: 4-5 pips.
Customers: Corporate, financial institutions, fund managers, introducing brokers and private
investors.
Services: Online forex trading with streaming prices/liquidity up to EUR10,000,000, analysis,
strategic advice, forex trading system with online Backoffice and order system,
realtime quotes, news, charts, and analysis, FX Fund Management from $10,000
(choose between three levels of leverage), also: stocks, CFDs futures, options,
and much more.
Languages: English, Scandinavian, French, German, Russian, Arabic, Chinese, Japanese and more
than 10 others.
Free demo account: Yes.
24 hour trading: Yes.
Mini forex trading: No.
Regulated by: The Financial Services Authority (FSA), Denmark.
Headquarters: Smakkedalen 2 2820 Gentofte Denmark
Phone: +45 33 77 40 00
Fax: +45 33 77 42 00
E-mail:
|
