Forex Broker Reviews and Comparisons
January 27, 2008
Hello there everyone, found a few sites that will help you find a Forex Broker that’s right for you. Even if you have a broker already, you can use these sites to review your current one or find a better one. Personally, I think I might try out a couple of MT4 (MetaTrader4) compatable brokers from these lists by opening up mini accounts for $250 or less and test out some indicators that I want to try live, but don’t have the nerve (or stomach) to try with big lots. I don’t see anything too risky about this new approach, the initial investments I can easily part with if the markets don’t go my way. Let me know if this is too foolhearty, even if I trade mini lots. just know testing out these expert advisers out, they will be 3:1 win to loss, and losses always smaller than gains, historically. I’m interested in seeing what the spreads will be like, alot of these brokers keep that under wraps unless you ask.
FOREX BROKER COMPARISONS
ForexBrokerComparisons.com is a nifty new site that takes some of the major characteristics of today’s leading Forex Brokers. I’ll backpeddle and say “leading brokers” is a very subjective term and I’m using their terminology. One thing missing from this list that I might have been interested in seeing is minimum deal size, which can make a difference depending what type of trader you are. Other than that, I think it’s a great list, it’s sortable by any of the columns to help you out. In a nutshell, you are able to search for Brokers based on whether or not they are MetaTrader4 compatable, whether or not they take E-Gold/Paypal, whether or not they are an ECN Broker or a Market Maker
FOREX BROKER REVIEWS
Best Online Forex Brokers is a site that I came across in a comment on the blog here. Even though there’s an entire introduction about Forex Killer, the site goes on to provide a comprehensive list of almost every single online Forex Broker on earth, 150 to be exact.
http://www.BestOnlineForexBrokers.com
some really good sites about Forex Brokers there, thanks for sharing
Freeman
bookmarked, thanks!
Pat
thanks for the honest forex broker reviews
John
forex broker reviews, thanks, i needed it, haha
James
thanks for the heads up, these are some good forex broker review and forex broker list for everyone!
eddielizerd
yes, thanks for the addition about brokers
Anonymous
A broker is any person or firm that charges a fee in exchange for executing trades for a trader. A Forex broker does not charge a commission for placing a buy or a sell order the way a real estate broker would charge a percentage fee of the total price of a sale. A Forex broker is paid according to the spread – or the difference between the trader’s bid for a currency, and the seller’s asking price for that currency. Usually this spread is less than 0.1% or ten pips. (Pips are the smallest movement a currency can make on the Forex. Pips are commonly called referred to as points.) The lower the spread, the less a trader pays a Forex broker for a trade.
Karen
roker Reviews and Comparisons thanks for this post! Andy
Ronny Rabe
great sites for comparing forex brokers, thanks for sharing dude
booster
tnx a lot, i`ve downloaded the program, installed it. Didn`t get into all features but there are some results already. My account is slowly filling with money.
Great thanx:-)
baron
Great site. I really enjoyed it. All the best, Declan
Lose Body Fat Pills
Dear Traders,
BFX is 100% Scam Company!! Stay away from them!!
I signed up an IB agreement with Beron Forex (BFX) on 19th/07 and my first client Sarah deposited 26,000 opening an institutional account with BFX on 25th/07. According the IB agreement,
1) My client would get 1 pip rebate if she completed 1000 lots. It means BFX will credit $10,000 to her account.
2) The rebates on the IB agreement are:
0 to 249 lots = 0.5 pip
249 to 499 lots = 1 pip
500 to 749 lots = 1.5 pips
750 plus = 2 pips
3) The trading volume begins as soon as my first client does the first
trade and is calculated 24/5 in real time and the commission bank
wires are sent on the 30th day of every month.
My client Sarah completed 557 lots on 26th /07 and on her way to reach 1000 lots to have 1 pip rebates.
BFX didn’t have any intension to give Sarah and I any rebates. BFX started to change IB agreement becoming:
1) There is no rebate for my client even she completed 1000 lots.
2) I only can get 1 pip rebate after my client completed 1000 lots and my client need to deposit another $24,000 deposit, otherwise I can’t get any rebate at all.
We are forced out of BFX with ridiculous new IB agreement. My client Sarah were forced to close her account with BFX with the lost $5,656 ( She only got $20,344 back). I did not get any commission from BFX and my client did not get any bonus.
BFX is 100% Scam Company!! Stay away from them!! I am going to file the documents to report their regulator.
Angela
Angela
There are several criteria you should use to evaluate the top forex broker for your forex trading system. And also you can find the forex broker reviews in website forexobroker.com.
lisahenry
Thanks for sharing broker reviews, this helps me a lot in choosing the best broker for me. I have started forex trading since long time and traded in the past with many brokers. Every broker has some problems like withdrawal, software problem, customer care problem etc. But the trading experience in UFX Bank is good because their amazing customer support helped me a lot and solved my all queries.
Alex
Forex brokers available platforms. Consequently, there is now a wide range of MetaTrader 4 Forex brokers to choose from. While some brokers have adopted the platform alongside their own platforms, more and more likely to be only MetaTrader 4 Forex brokers.
Valutahandel
Glenda11