Discussion in 'Forex Trading' started by LeoK, Jun 13, 2002.
Does anybody can recommend a reliable FOREX on-line broker ?
Thanks in advance.
Targeting retail clients (in decending order of personal favourite):
. Saxobank (Denmark, www.saxobank.com) - good currency options trading online
. CMC (UK, www.uk.cmcplc.com)
. Gain Capital (US, www.gaincapital.com)
Affiliates or divisions of large FCMs:
. GNI touch forex
. Refco FX Online
and large banks such as UBS Warburg and Citibank.
. FX Connect http://www.globallink.com/NASApp/cs/ContentServer?pagename=GlobalLink/OrderMgt/rPageFXConnect
I must give this long link because it's not that intuitive to find.
But if you
. trade only the major pairs, namely EUR, JPY, GBP, CHF, CAD, and AUD if you count it major, personally I'll refrain myself to EUR, JPY and GBP
. don't trade cross rates, such as EUR/JPY, EUR/GBP, and GBP/JPY
. don't trade currency options
. don't rely on stop orders outside US trading session
. and your trade size is regularly under, let's say, 5 mil dollars
than Globex currency futures through IB TWS or Patsystems J-Trader offered by many solid brokers/FCMs are your best choice. And if these two platforms cannot satisfy you, you say you want more advanced such as TT... really you wouldn't have had asked your request on the board, or anywhere publically.
Does anyone know what IB's spread on the USD / AUD is?
And anyone know the spread on the USD / AUD futures?
AD Futures currently:
(27) 5600 x 5603 (20)
I'm sitting behind corporate firewall and it's create a problem. I followed your advise about GFT, but firewall is still an issue.
So I'm still looking for reliable FOREX online broker pure Internet based so I don't have to deal with firewall.
Currently I'm playing with demo account from company OANDA. Do you have any feedback for it ?
Your reply will be greatly appreciated.