Since I am a novice in the Forex World, any input/suggestion, feedback is well appreciated. Hopefully we can all work together to find someone that benefits us all. 1. Read all the forums and posts and see what kind of feedback certain places have. The ones that generally have negative comments, I will not consider. 2. Only if a broker has positive feedback, will I start to do a little research on them. 3. Cost of Trading: Low spreads/or commission. I understand during more volatile times, the spreads can increase. What I'm asking for is for "regular" or quiet times for the lowest spread. A good benchmark I am using is EUR/USD spread of 2 pips. I mean if the market isn't moving why pay 50% more (one extra pip)when you don't have to? Over the course of daytrading the month can be serious difference. Also factored in, I don't mind paying commission IF the overall cost is cheaper than a bigger spread. 4. I NEED trailing stops. I mean as much as I would LOVE to sit at the computer all day, if a position is going in my favor, why put a regular stop when I can put a trailing stop and go to sleep and make even more money? Worst comes to worse, it'll act like a regular stop. Now this isnt for scalping obviously since I can put this and willing to hold for hours/days as long as it's in my favor. 5. (optional) Since I'm a novice, I'd like some type of guide to help me know when I should/shouldn't trade. Like big news events about to come out. Some type of ecnomic calander/ Real Time news would be nice. I mean this is optional I guess, but nice. Are there any good websites that can take the place of this? Ok, after taking out all the negative reviews I narrowed it down. Oanda - seems to get a lot of favorable reviews, tight spreads. Software is pretty much no frills, but the big problem is NO trailing stops. oh well Interactive Brokers - I can't seem to get ANY info on their website about features,spreads etc. on Forex. Can anyone help? IFX/CBFX.com - nice 2 pip spread on EUR/USD, USD/JPY, but they charge commission which would almost make it 2 2/3 pips, so not as good as a deal as it seems. And for some reason it won't show your past transactions in the software. When I get a fill, I want to know where it gets filled. I have to go to a seperate weblink, ludicrous! CMCmarkets.com - 2 pip spreads only if you put in like 25k and trade a lot: http://www.cmcmarkets.com/us/eng/forex/institutional_service.jsp Also, I don't think it has trailing stops. Interactivefx.com - Seems to have some favorable reviews. 2 pip spreads right? I like the software they give you, pretty nice chart package, powerful. Do they give you streaming news at all? Also, was reading previous posts, saying that in Forex companies can go out of business so easily, and the bad ticks that may form? I like it, but their "investor protection" isn't really investor protection: http://www.interbankfx.com/investor_protection.htm FXDD.com - I am kind of leaning towards this. There doesn't seem to be much feedback, but the little that I've read seems to be ok. I went to the Forex Trade Show in Vegas and picked up their flyer. Their website says 3 pip spreads, but the flyer says EUR/USD and USD/JPY 2 pips, and GBP/USD USD/CHF 3 pips. When I dl the demo it was 2pips for the EUR/USD, altho on holiday/weekend it currently shows 3 pips? Their Investor Protection seems to make me more comfortable: http://www.fxdd.com/benefits.htm#Insurance Coverage Does that bond insurance have any validity? Better than Interactive which shows nothing? Also has trailing stops, and a pretty nice software documentation: http://www.fxdd.com/3.7.TraderInterfaceGuide.pdf Do they offer streaming news? Well, that's it for now. I'd like to open a forex account by the beginning of the year so I can start trading, but as you can see it's quite confusing. Can anyone please add feedback, positive,negative, corrections? 1st priority is safety of funds of cost, 2nd is cost, then features. But I need ALL these features, not this broker has this but not that. Otherwise it's useless. Oh and if there are others you can recommend this are more credible w/ these features please post. thank you, we are all here to help each other right?