A Look at Online Forex Brokers

An online forex broker is a firm that facilitates retail trading using Internet technologies. Global Forex Trading (GFT), one of the popular online forex brokers. It provides retail traders with a free demo trading account, allows users to open a live account, gives live help, provides software called DealBook FX 2, and allows viewing of account documents. (DealBook FX 2 can be downloaded for the demo trading account).

Gain Capital Group's Online Forex offers 200:1 leverage. In some cases, the total return on investment is higher due to leverage. For example, with $1000 cash in a margin account, the investor can control up to $200,000 in notional value. Of course, trading on leverage magnifies both the investor's profits and losses.

GCI Financial Ltd. offers commission-free online trading in forex. GCI offers Internet trading software, fast and efficient execution, and 0.5% margin requirements. This broker offers USD or Euro denominated trading accounts. The spreads are 3 pips in EUR/USD and USD/JPY, and are 4 to 5 pips for other major commissions. Clients can hedge by opening positions in the same currency in opposite directions. Risk to the investor is limited to the deposited funds. Market analysis and research, real-time charts, and forex trading signals are available at no charge.

ACM, part of the REFCO group, offers 3 pip spreads on all major currencies, which works out to between 0.02% and 0.03% on the dollar value. They also offer commission-free trading, and forex trading with a 1% margin, which means that a trader can control $1,000,000 with $10,000 in his account.

There are many online forex brokers that offer free demo accounts for potential forex traders to practice trading. It is only a matter of registering and starting demo trading to get a feel for forex trading. In addition, at most sites, traders can find free forex news to assist them with their trade strategies.

Forex Brokers Info provides detailed information on forex brokers, forex trading and market makers, and other forex-related topics. Forex Brokers Info is the sister site of Incorporating in Florida Web.

In The News:


Best Syndication

Technical Analysis: Looking for Trends in Currency Trading
Forex Hound, NY - 11 hours ago
Currency trading is risky. Because of its volatility, it is important to remember that currency trading is very risky. Indeed, forex trading is considered ...
Forex Trading Strategies PWO
Forex Trading Signals Well-Positioned for Gains in the New Year Daily FX
Research and Markets: The FX Bootcamp Guide to Strategic and ... Business Wire (press release)
BigNews.biz (press release) - The Options Insiderall 29 news articles

Calif man arrested in alleged fraud scheme
BusinessWeek - 3 hours ago
Federal prosecutors say two principals of a foreign-currency trading firm have been arrested on charges they operated a Ponzi-like scheme that cost ...
Feds arrest 2 Winnetka futures dealers on fraud charges Chicago Tribune
Suburban men arrested for business fraud Crain's Chicago Business
Men Arrested In Alleged $15M Fraud Scheme CBS2 Chicago
CBS 2all 56 news articles

Boston Globe

Alcoa Cost Cuts Weigh Futures
Wall Street Journal - 13 hours ago
In currency trading, the euro recovered some of Tuesday's losses, with the shared currency hovering around $1.36. Oil futures, meanwhile, cooled a bit after ...
Wall Street falls on Intel, Alcoa warnings The Australian
DJ US Stocks Fall; ADP Report, Alcoa, Intel Weigh Onet.pl
US stock futures drop after Alcoa production cut MarketWatch
Trading Markets (press release)all 973 news articles

Maktoob

Dollar May Fall Second Day Versus Yen on Job Cuts, Stock Drop
Bloomberg - 2 hours ago
“The dollar was just looking a little rich,” said Shaun Osborne, chief currency strategist in Toronto at TD Securities Inc., a unit of Canada’s ...
Australian dollar shows mixed trading against majors RTT News
Euro seen edging down against dollar in 2009 guardian.co.uk
Dollar Falls From Three-Week High After Report Shows Job Cuts Bloomberg
Bloomberg - Bloombergall 436 news articles

Teen prefers currency trading over Myspace and is making money ...
WHAS 11.com (subscription), KY - Jan 6, 2009
But her favorite website isn't facebook or MySpace, its online currency trading. She discovered the Forex website after her father suggested she look into ...

BBC News

Euro Falls to Three-Week Low on Speculation ECB Will Cut Rates
Bloomberg - Jan 6, 2009
“I am very bullish on the dollar throughout 2009,” said Matt Esteve, foreign-exchange trader at currency-trading firm Tempus Consulting Inc. in Washington, ...
A Trading Pattern For Gold Contrarian Profits
Sterling on the counter-attack against Euro The Herald
Euro Rises as ECB Rates Seen Staying Higher Than US, Japan Bloomberg
Bloomberg - Bloombergall 658 news articles

Colombia Reports

Colombian Peso Drops on Recession Concern; Chilean Peso Steady
Bloomberg - 4 hours ago
Venezuela’s bolivar was unchanged at 5.55 per dollar in unregulated trading, traders said. Venezuela pegs the currency at an official exchange rate of 2.15 ...
Chile Will Tap Savings, Sell Bonds to Spur Growth Bloomberg
all 14 news articles

Euro crosses $1.37 in European trading
The Associated Press - 10 hours ago
The 16-nation currency rose as high as $1.3739 before drifting back to $1.3724, 2 cents more than the $1.3523 it bought late Tuesday in New York trading. ...

Aussie, Kiwi Gain in Currency Trading
Forex Hound, NY - Jan 2, 2009
The Aussie and the kiwi are seeing improvement in currency trading on the FX market as things change in the global economy. There is hope that interest rate ...

2 men indicted in currency scam that bilked 700
The Associated Press - Jan 6, 2009
Young and Willard marketed Global One, which wasn't a licensed broker, as a company that provided educational opportunities on trading techniques in the ...
Two accused of bilking investors charged with fraud Las Vegas Sun
all 108 news articles
currency trading - Google News


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