**FOREX EDUCATION: Forex Brokers Analyzed (3 added 7 total)**

[st_morris]

Originally Posted by Querelle

Hi everybody, I stumbled with this thread so I'd like to take the opportunity to kindly ask what brokers you recommend to start up and get a demo. Thanks in advance.

Welcome, I just can recommend you to practice with a demo account as soon as possible, for me this is the only way to learn about the real market, off course support your learning with readings and information that the broker you will chose should provide you.

[Querelle]

Originally Posted by st_morris

Welcome, I just can recommend you to practice with a demo account as soon as possible, for me this is the only way to learn about the real market, off course support your learning with readings and information that the broker you will chose should provide you.

I sure appreciate you taking the time to reply to my post. I've been practicing a lot and I can certainly say that I've learned even more by trading demo than reading through related pages. I have to admit though, I've found pretty god pages as investopedia and tradeview.

[Bassix]

Originally Posted by tnis0612

GFT www.gftforex.com
Eurusd-3 pips
Usdjpy-3pips
Eurjpy-4 pips
Usdchf-4 pips
Usdcad-5 pips
Gbpusd-4 pips
Hours – Couldn’t find
Leverage – 100:1
Minimum Deposit - $2500
In my opinion this is one of the best platforms I have seen. Very advanced. Probably too advanced for me. Gives you tons of options. I think people very familiar with the Forex market would really like this platform.

Been playing around with GFT. The hours are 5pm EST Sunday - 5pm EST Friday. Two options to open accounts: $250 mini account or $2500 regular/IRA account.

Extra fees are found here for tools.

http://www.gftforex.com/documents/processing_fees.pdf

[silverwings]

I found this on the CME site. It looks good knowing your funds will be secure without fear of insolvency.

CHICAGO, Feb. 18 /PRNewswire-FirstCall/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that it will launch a series of innovative smaller-sized Foreign Exchange (FX) contracts, called Forex E-Micros, designed to enable retail traders and investors to cost-effectively access the security, transparency and liquidity of CME Group's FX products. These contracts are listed with, and subject to, the rules and regulations of CME.



"Our new Forex E-micro futures contracts provide the opportunity for a broader universe of customers to mitigate their counterparty risk by trading FX in CME's $100 billion-a-day global FX liquidity pool," said Derek Sammann, CME Group Managing Director, Global Head of FX Products. "Active individual traders looking to participate in the global FX market, or small businesses seeking a cost-effective hedging tool for their FX risk, can choose Forex E-micro futures as a versatile and accessible new resource to manage their exposure. And they can do this with the full investor safeguards of operating in CME Group's regulated environment while benefiting from the transparency and deep liquidity offered by our futures market."



"With the emergence of FX as a global asset class and the ever-present need to manage FX risk, futures customers will gain access to the global FX markets in a cost-effective, secure manner," said Christopher Larkin, Vice President, E*TRADE Securities LLC. "We believe that Forex E-micro futures traded at CME provide an ideal introduction to FX and we are pleased to be able to work with CME Group in offering them to our customers."



"CME Group continues to roll out innovative products for both the institutional and retail futures trader," said Joseph Cusick, Senior Vice President of Education, OptionsXpress. "We are very excited about offering the new E-Micro FX futures products to our clients."



"With Forex E-micro futures traded at CME, for the first time we will be able to offer our customers the standards of security and pricing they deserve when entering into a new asset class for the first time," said Greg Sabatello, President and CEO, Transaction Futures. "Electronically traded and cleared via a central counterparty, these new products ensure on a globally recognized legitimate exchange with transparent fees, which should appeal to spot traders."



The Forex E-micro contracts will be one-tenth the size of the corresponding CME FX contracts, making them accessible to active individual traders, small Commodity Trading Advisers (CTAs), and Small Medium Enterprises (SMEs). The contracts will be exclusively traded on the CME Globex® electronic trading platform, the world's largest regulated FX marketplace, which also offers the security of centralized clearing and guaranteed counterparty credit. The new contracts are set to launch in the first quarter of 2009.



The Forex E-Micro contracts will be quoted in interbank or "over the counter" (OTC) terms, making it easy for customers to integrate them into their systems and portfolios. Contracts will be launched in the following six currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CHF and USD/CAD.



All Forex E-micro contracts will be cash-settled and EUR/USD, GBP/USD and AUD/USD contracts will be fully fungible with CME Group's full-sized FX contracts, and margins and exchange fees will be scaled down in proportion with the full-sized versions at roughly one-tenth of the full cost. USD/JPY, USD/CHF and USD/CAD all have a high percentage of margin offset with the larger CME Group FX contracts.



CME Group FX is the largest regulated FX marketplace and one of the top two FX platforms in the world with more than $100 billion in daily liquidity. With the addition of the Forex E-micro contracts, the CME Group FX product suite will consist of 49 futures contracts and 32 options contracts based on 20 currencies.



More information can be located here www.cmegroup.com/forexmicros.

[JefferyDollars]

I recommend fxsol.com whenever any newbies go live. Fx Solutions allows for flexi-contracts so you can adjust the value of your pips. I have mine set to $.10 a pip because I only have about $900 dollars to trade with and most of my trades can have anywhere between a 20-200 pip stop-loss and I only like to risk about 2% per trade and with their flexi-contracts this makes it possible. Remember, your primary goal should be to live to trade another day and if you have a small amount to invest and your are trading with standard lots this will make sure your trading account will not survive for very long.

[Donna18]

I visited some sites as well..
Etoro.com
iforex.com
oanda.com
but all we need is to select a broker which provides us the ways to take maximum returns from this market..
it's really difficult to choose a good broker.

[AgainstAllOdds]

anyone have a suggestion of a broker that offers insanely low spreads? i am looking for spreads between 1-2 on all of the major pairs. i would also like a broad range of pairs as well, but this isn't as big of an issue to me. a lot of these brokers i am trying spreads aren't really that impressive. right now i am using fxcm micro, and while the spreads are amazing, they have literally no pairs, and it is also designed only for micro accounts. i'm thinking of using their regular account, but from what i understand, it isn't the same spreads as their micro i may just have to stick to their micro and over fund it more then a micro account, hopefully there are no drawbacks to this? im thinking there has to be something? anyways, does anyone have a cheaper spread broker suggestions? would love to check it out... so far.. can't find any

[Donna18]

I am using AvaFx from past several months. The services are excellent.. is there any other guy using the same Broker..to share the experience and know more about our broker.

[powerplantop]

Originally Posted by AgainstAllOdds

anyone have a suggestion of a broker that offers insanely low spreads? i am looking for spreads between 1-2 on all of the major pairs. i would also like a broad range of pairs as well, but this isn't as big of an issue to me. a lot of these brokers i am trying spreads aren't really that impressive. right now i am using fxcm micro, and while the spreads are amazing, they have literally no pairs, and it is also designed only for micro accounts. i'm thinking of using their regular account, but from what i understand, it isn't the same spreads as their micro i may just have to stick to their micro and over fund it more then a micro account, hopefully there are no drawbacks to this? im thinking there has to be something? anyways, does anyone have a cheaper spread broker suggestions? would love to check it out... so far.. can't find any

Oanda has better spreads. and they offer a lot more pairs.

[techno791]

There used to be this webpage which was like a blog. It would refresh every 30 seconds or one minute. Provided by a broker. It would talk about market conditions.
IE
18:04 Big Asian central bank bidding on AUD/USD
OR some comment about the news. It was the "floor" in real time. And then it got shut off and for memebers of the broker only.

Does anyone rememer this? Was it FXCM? If so is it available on the mirco? I miss this so much I'd open an account if it's still around and I can find it.