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.
spreads, no markups, just transparent low commissions 1, 5. Investment Products. Stocks; Options; Futures/FOPs; Spot Currencies; Bonds; ETFs; Mutual Funds; EFPs; Hedge Funds; Robo Portfolios; Real-Time Currency Quotes Loading We deliver price quotes in 1/10 of a PIP. Interactive Brokers' currency vendors provide more than 60% 2 of global market share. Direct Access to Interbank Quotes No ... Forex.com or Interactive Brokers - which is better 2020? Compare Forex.com and Interactive Brokers with our easy side-by-side table. Read the full reviews for even more facts. Instead of marking up spreads, Interactive Brokers charges a commission per trade ranging from $16-$40 per million round turn ($8-$20 per side). This pricing is comparable to brokers that offer commission-based forex trading with agency execution. Active traders: For active traders, there are applicable discounts that depend on meeting monthly trading volume minimums. For example, if you trade ... Our Interactive Brokers forex review rated the spreads as an ‘ECN broker’ as they quote prices based on the sixteen largest exchange dealers. This is 60%+ market-share of the interbank market-making EUR/USD spreads from 0.1 pips. To clarify, spreads are not marked-up and the foreign exchange broker makes its money from commissions. US Equities Execution Price Improvement Comparison* Net US Dollars (per 100 shares) Interactive Brokers: $0.62: Industry: $0.15: IB Advantage: $0.47 *Net US Dollar Price Improvement vs. Industry Bid / Offer 2. Based on independent measurements, IHS Markit, a third-party provider of transaction analysis, has determined that Interactive Brokers' US stock price executions were significantly ... Compare Forex Brokers Live Spreads of most popular currency pairs between each other in Real Time. Find the lowest spread of EURUSD and other instruments by Average spreads comparison in the Table. Interactive Brokers Canada Inc. ist ein ausschließlich ausführender Dealer und bietet keine Anlageberatung oder Empfehlungen in Bezug auf den Kauf oder Verkauf von Wertpapieren oder Derivaten an. Eingetragener Geschäftssitz: 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada. Website: www.interactivebrokers.ca. Interactive Brokers U.K. Limited. ist von der Financial ... Is IG or Interactive Brokers better? Well, It depends on whether you trade forex, crypto, indices or stocks, and what features matter to you. Compare IG and Interactive Brokers (plus one other) in this up-to-date comparison of their fees, platform, features, pros and cons, and what they allow you to trade in 2020 The forex brokers comparison tool compares all forex broker ratings, features, and fees side by side. Filter your brokers and compare the the most popular brokers and widely used tools, mobile apps, platforms, spreads, and more. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether ... Interactive Brokers bringt ein neues Tool für nachhaltige Investitionen heraus. Mit ihrem innovativen und interaktiven Impact Dashboard möchte Interactive Brokers Kunden helfen, in Unternehmen zu investieren, die mit ihren Werten übereinstimmen. Mehr erfahren. Investmentfondsportal. Interactive Brokers hat ein Investmentfondsportal eingeführt, das mehr als 25,000 Investmentfonds bietet ...
If you have every tried to close out an option spread in Interactive Brokers you know that it can be a pain. If you do it wrong it can also cost you money. T... The interactive transcript could not be loaded. ... Low Spread Forex Brokers - Top 3 Forex Brokers For Scalping 2020 - Duration: 15:23. HARDCORETRADXR 1,818 views. 15:23. What is the Best Forex ... Interactive Brokers options trading tutorial where we create an "options watchlist" and arrange TWS Mosaic to place options trades. 🎈 Start your 14-day free ... Interactive brokers review 2020 - Reviews and ratings Pros & Cons Founded in 1977, Interactive Brokers is one of the oldest online brokerages in the U.S. and... Curious about my trades If you have questions 🤷♂️👨💻😉 ask them below! I respond to every question posted on my channel. You're 7 Steps away from Becomin... The interactive transcript could not be loaded. ... Best Forex Brokers For Scalping (2020) - Low Spread - Unbiased Study - Duration: 20:19. forexwithdavid 173 views. 20:19. Watch CNBC's full ... Join the chat rooms here https://t.me/freeFXtradeideas and https://t.me/Coinexx and get free forex trade ideas and find the best offers with the best broker ... Live spread comparison between most popular forex broker. Data collected from live MT4 data, not base on broker claim. List of spread comparison: Exness http... Top 10 zero (no) spread Forex Brokers for traders // Review Find the best no spread forex brokers: https://www.trusted-broker-reviews.com/forex-broker/fore...