ECN. Used most by professional traders. Difficult platform for beginners
Minimum deposit $10000 (or $3,000 if under 25yo) * Well diversified -Oanda
Market maker. Second largest retail FX brokerage in the US. Easy platform for beginners.
No minimum deposit
Not well diversified, but well capitalized -Gain Capital (whitelabel forex.com) *Market Maker *Fair spreads *Minimum deposit $250 *Well diversified -FXCM Inc
ECN. Largest retail FX brokerage in the US
Minimum deposit $2000
Not well diversified. CAUTION: FXCM nearly went bankrupt in Jan-2015 due to a lack of diversification and low capitalisation. As a result FXCM LLC was bailed out with a large loan which may prove difficult to pay back. Be warned that their business may not be sustainable in the long term. -MBTrading
ECN. Mid-sized retail FX brokerage
Minimum deposit $400
International Only- -LMAX (whitelabel DarwinEx) *DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified -Dukascopy *ECN based in Switzerland, but available elsewhere depending on local regulations. *Tight spreads *Minimum deposit $100 *Fairly well diversified -IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified -Pepperstone *ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified Software / Apps: Desktop/mobile
Apps are typically broker dependent. Some brokers have their own proprietary software, while others lease common software like Metatrader or NinjaTrader. Some software has a large development community for indicators and EAs.
Terminology/Acronyms: www.forexlive.com/ForexJargon - Common terms and acronyms FAQ: I need to exchange money, how do I do it? This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee. I have money in one currency and need to exchange it into another sometime in the future, should I wait? Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it. I have an FX account, should I start trading demo or live? This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance. What’s money management? Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered. More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp www.swing-trade-stocks.com/money-management.html What about automated trading? Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams. What indicators are best? That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc. What timeframe should I trade? Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades. Should I trade using fundamental analysis (FA) of technical analysis (TA)? This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint. I’ve heard trading Binary Options is an easy way to make money? The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX. Am I actually exchanging currencies? Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another. Why didn't my order fill? Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
CMC Markets vs Forex.com Pepperstone vs IC Markets OANDA vs FXCM Exness vs OctaFX FxPro vs eToro FBS vs XM More Comparisons. Broker Lists. Lowest Spread on EUR/USD Lowest Spread on GBP/USD Lowest Spread on USD/JPY Lowest Spread on Cross Pairs Lowest Deposit Highest Trustpilot Rating Find More Lists. Ask Question; Bookmark . Pros and Cons of Managed Account in Forex Brokers Jessica 4 Dec 2019 ... Der Hauptsitz des Forex Brokers FXCM befindet sich in London. Zudem unterhält der Broker aber noch weitere Niederlassungen auf der ganzen Welt, unter anderem auch in Berlin. Reguliert wird FXCM hauptsächlich von der britischen FCA, aber auch die BaFin führt regelmäßige Kontrollen durch. Mit der Handelsplattform „TradingStationWeb“ bietet FXCM eine browserbasierte Plattform an, jedoch ... Here are managed free Expert Forum Builders: Free for creating Indicators. The EA builder is a free application for creating indicators. You can turn your manual trading into arrows and alerts and create indicators for MT4, Mt5, and TradeStation. You can also turn any manual system into a fully-working Forex Robot EA. Here are account basic features of the EA Builder: Here is the web-ste of EA ... Sunday, 10 December 2017. Fxcm forex managed account forum FXCM Forex Managed Account. Thread starter EarnProfits; Start date May 18, 2010; Watchers 3 Forums. Forex Discussions. General Forex Discussion E. EarnProfits Active Trader. May 15, 2010 3 0 37. May 18, 2010 #1 I m using Growth Finance SA since last year with nice profits and you ? Post here your experiences with Forex Managed Account. Enivid Administrator. Staff member. Nov 30, 2008 13,250 ... Think what you want about trading your own account with FXCM but putting money in a managed account is a different story. I have been able to withdraw funds whenever I have needed to and this fund has been far more profitable than most of my other investments. On top of this they are now listed und Barclay\'s - who have a strong reputation and require strict reporting. I doubt that they would ... Hello Dear Forum Investors, I would like to recommend a forex managed account company. - They trade directly in your account opened in FXCM UK broker only by Power of Attorney signed. - They send every day an email with live statement, performance and information (Transparent company)... Fxcm forex managed account forum 9o9i. 06.07.2017 danio44 2 Comments . I like that you show 3rd party verified track records and not just showing a statement that could have been made up. I personally think forum account with this company would be a decent decision especially because the openness and transparency that's being shown. Forex Currency Market MQL4 Programming Service Managed ... Forex Regulations; Forum; Home » Forex Blog » Forex EA vs managed account. Forex EA vs managed account. August 20, 2018 February 21, 2017 by Kiaria Yoshida. Back in 2008 when commercial EA’s were entering the Forex market, some of us believed that if you have a good system, all you need to do is automate it, place it on a chart, “set and forget it” and you can then start planning your ... 10 і. 2008. - Forex Managed Account Programme. Mit einem $ 1,000 Mindesteinzahlung. New York, 10. April 2008. FXCM (FXCM), einer der größten Wee mit dem BabyPips Forex Fm, ist der weltweit führende Forex-Konto des Handels mit FXCM nicht einmal sinnvoll, noch tut es gutes Jahr mit ihnen, bis mehr als 15% auf meinem Konto für den verwalteten Fonds.
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