My Forex Experience

Currently the site is showing a 403 error (Forbidden Access is Denied) Sept/Oct 2011 Possibly this is due to my location when trying to access the site.

IG Markets is part of the IG Group, a UK FTSE 250 company with offices in Melbourne, London, Paris, Singapore, Chicago, Madrid, Luxembourg, Dusseldorf, Netherlands, Johannesburg, Lisbon, Milan, Tokyo, Stockholm, and Beijing. IG Group companies have over 130,000 clients worldwide making more than 5 million transactions a month, with over 99% of them online. IG Markets specializes in financial derivatives, principally Contracts for Difference (CFDs), delivering exceptional customer service alongside innovative trading technology. Clients include brokers, fund managers and trading companies, as well as private investors.

The main unique feature of the IFC Markets Group is the ability to trade with a new generation trading platform called NetTradeX from the NetTradeX company. IFC Markets sees its main goal as providing its customers with standards and services of the highest level which can be quantified as follows: Trading directly from your chart, regardless of the trading amount, instant execution, low spreads, no commission, online account opening within several minutes from anywhere in the World, 24 hour technical support.

MFN is another forex broker website where it was difficult for me to find detailed information about the company, trade specifications, even the trading platform itself. Certainly I could have downloaded the platform to try it, but you would think that at least some screenshots of the platform and features would be included on the company site. In fact, they do have a page which is supposedly dedicated to platform information, but in fact there is no information on the page. There are so many forex brokers out there to choose from, why would you trade with a company that cannot manage to post detailed and transparent information about itself, its products and services?

FXDD‘s business model is to provide interbank market maker prices to our clients. This business model allows clients to take the trading risks while FXDD concentrates on facilitating their trades at the best possible prices. It allows them to avoid the conflict of interest where some firms may put their trading P/L ahead of their clients. Instead they look to foster a team oriented relationship – clearly separating execution from trading.

Marketindex is the forex and CFD trading arm of the Royal Bank of Scotland, providing you with great security, liquidity, execution and tight spreads. In addition, minimum account sizes are reasonable considering you’re trading directly with a bank. One thing I didn’t like about browsing the website is that it is a bit scant on information and there are no screenshots or good descriptions of the proprietary trading platform. However, since accounts are limited to residents of the United Kingdom, Germany, Austria and Switzerland it’s of little concern to me since I am a U.S. citizen and resident of Thailand. Still it would have been nice to be able to do more in depth research about the broker and its offerings.

GCI Financial is a commodities, forex and securities trading firm, with a specialization in online Foreign Exchange brokerage. In addition to forex, GCI is a primary market maker in Contracts for Difference (CFD) on indices, futures and shares, and provides one of the fastest growing online CFD trading services. GCI Financial includes over 10,000 investors as clients worldwide, including individual traders, money managers, and institutions. GCI Financial provides their clients with a secure, advanced, and comprehensive online trading system. All client funds are insured and held in a separate customer account. In addition, GCI Financial maintains Net Capital in excess of most minimum regulatory requirements. Becoming a GCI Financial client means dealing with one of the most established and well-recognized trading firms in the industry. GCI was founded in 2002 and was one of the pioneers in online currency and CFD trading. Customer funds are segregated and insured, and dealing practices are maintained to the highest standards.

Varengold Bank FX provides you with the peace of mind knowing your funds and trading are supported by the security of a registered German banking institution. In addition, your trading experience will be enhanced through the STP execution, tight spreads and access to the award winning Metatrader 4 trading platform. The Varengold staff is comprised of, without exception, expert individuals who have gained broad and extensive knowledge from their professional careers in the customer service area and have developed managerial skills in the financial services sector. Take advantage of the best possible service in the Forex industry.

Deltastock has been in business since 1998 providing integrated online (since 2001) trading services to clients from all market segments, leveraging technology, innovation and human resources, and utilizing the best ethical practices. A competitive forex and CFD broker, Deltastock is driven by the mission to provide complete solutions for online trading in the worldwide financial markets to both individual and institutional investors. The company’s clients include retail investors, money managers, portfolio and asset managers, institutional and corporate clients, introducing brokers and brokerage firms from over 90 countries worldwide. Deltastock is committed to exceeding the expectations of both individual and institutional investors. They strive to provide timely and professional personalized services to each individual client. Their dedicated customer service team provides 24-hour support by phone, email and live chat.

Forex Metal has been an online forex broker since 2007 and is registered in Panama with headquarters located in Belize. Their website is very functional and user friendly, it’s easy to find all the information you need there and see if this broker might be right for you. They offer the Metatrader 4 platform for trading and accept a HUGE number of payment processors (although Paypal is conspicuously missing) for deposits and withdrawals. In addition, they have no required minimum deposit to open an account and provide the highest leverage available to turbo charge your trading. Spreads are reasonable and you can also trade oil, metals and CFD’s with the same account you trade currencies through. Basic training is available through the broker and they provide updated trading news as well, even through your mobile device if you choose.