A Look at Online Forex Brokers -

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A Look at Online Forex Brokers

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:

IBFX Adds PowerStats to Growing Library of Free Online Trading Tools
Business Wire (press release), CA - 23 hours ago
In currency trading, a pip is the equivalent of a tick or point in the stock market. “PowerStats allows traders to drill down into the Forex market and see ...

Currency Trading Markets Likely to Offer Profitable Range Trades
Daily FX, NY - Jul 7, 2008
Currency market volatility has dipped once again through the past week of trade. An earlier spike in our DailyFX 3-Month Volatility Index quickly reversed ...

Investment Markets
Australian Dollar Falls on Home-Loans Data; NZ Dollar Rises
Bloomberg - 3 hours ago
Australia's currency declined to 95.07 US cents at 3:05 pm in Sydney from 95.23 cents in late Asian trading yesterday. It reached 94.77 cents, ...
Dollar May Fall Before Report Forecast to Show Housing Decline Bloomberg
Australian Dollar Rises Against Yen as Stocks Spur Carry Trades Bloomberg
NZ Dollar Gains Most in 2 Months Versus Yen on Stock Rally Bloomberg
Bloomberg - Bloombergall 51 news articles

Canada Afternoon: C$ Ends Lower As Oil, Commodities Retreat
FXstreet.com The Foreign Exchange Market, Spain - 13 hours ago
A generally stronger tone in the US dollar was also cited as a negative for the Canadian currency. The US dollar was trading at C$1.0196 at 3:44 pm EDT ...
Canada Morning: C$ Down Slightly As Oil Prices Slide Further FXstreet.com The Foreign Exchange Market
Canada Afternoon: C$ Ends Higher After BOC Outlook Survey FXstreet.com The Foreign Exchange Market
Canada Morning: C$ Down As Commodities Retreat, USD Advances FXstreet.com The Foreign Exchange Market
all 4 news articles

100 Mortgages
Dollar Rises as Bernanke Says Fed May Extend Lending, Oil Falls
Bloomberg - 12 hours ago
... chief currency strategist at FOREX.com, a unit of online currency trading firm Gain Capital in Bedminster, New Jersey, in a Bloomberg Radio interview.
Daily currency analysis - Jul 8 International Business Times
Bolstering the Buck AMERICAN.COM
Bob's Currency Focus Forex Hound
International Herald Tribune - Bloombergall 56 news articles

Crude Prices Drop By More Than 3% As Dollar Strengthens
AHN - Jul 7, 2008
In currency trading, the yen weakened and changed hands at 107.68 yen per US dollar in Asia. In late New York on late Thursday, the Japanese currency was at ...
Oil falls more than $2 CNNMoney.com
City Republic: Oil price fall boosts markets Brand Republic (subscription)
Oil Is Steady After $3 Drop on Dollar, Europe Economic Weakness Bloomberg
Dispatch Online - Bloombergall 1,382 news articles

Swiss Currency Falls To 13-day Low Against Euro
RTT News, NY - 51 minutes ago
(RTTNews) - During early European deals on Wednesday, the Swiss franc pared the gains it posted in Asian trading against other major currencies. ...
Dollar bounces back against majors RTT News
all 5 news articles

Seeking Alpha
Finding Your Comfort Zone with Currency Investing
Seeking Alpha, NY - Jul 7, 2008
Although currency trading is an ancient practice, the current era began in 1972-3. After decades of fixed rates under the Breton Woods Agreement, ...

Did the Indians get enough in return for trading Sabathia?
The Morning Journal, OH - 3 hours ago
And young talent is the coveted currency of the game these days, especially for the mid-market teams for whom sustaining success means growing their own ...

Increase your wealth
Live-PR.com (Pressemitteilung), Austria - Jul 7, 2008
(live-PR.com) - Sunburst Media, 6 July 2008( Live-pr ) Sunburst media is an upcoming firm which aims or does financial- currency trading. ...

currency trading - Google News