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.
Visualization and in-depth comparison of different price feeds from various forex brokers. By continuing to use our website you agree that cookies are used to improve the user experience (e.g. to saving settings). More info. That's Fine. Please support us by disabling the ad blocker for our website. Thank you! I will. Blog; Home; Brokers . Spreads; Historic spreads; Swaps; Swap arbitrage ... Comparison between a spread and zero (no) spread account: For example, you want to trade 1 lot with the EUR/USD asset. On the spread account, you got a 1.0 pip spread. The pip value is $10. That means you are paying a fee of $10 by opening and closing the trade. The value of the fees is depending on the asset. Spread account: 1 lot EUR/USD with 1.0 pip spread = $10 spread fee. On a zero (no ... 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. Is Core Spreads or Dukascopy better? Well, It depends on whether you trade forex, crypto, indices or stocks, and what features matter to you. Compare Core Spreads and Dukascopy (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 Dukascopy Bank is a Swiss forex broker offering a wide range of financial instruments for trade on it robust JForex platform. Holding an actual banking license, among others, it is secure and well-regulated, and offers excellent trading conditions: very tight spreads and fast ECN execution through the SWFX Swiss FX Marketplace technology. To sum up the above, here are the advantages and ... Comparison Dukascopy vs Swissquote; Dukascopy vs Swissquote . Dukascopy and Swissquote are two of the premier Switzerland-based Forex trading platforms. While Dukascopy is a significantly smaller company than its publically-traded competitor, both have a lot to offer all types of Forex traders. In this Dukascopy vs Swissquote analysis, we outline everything you should know about the two ... Managed Forex Accounts, introducing forex brokers, Currency Forex Data Feed and News Currency Forex Trading Platform provided on-line by Dukascopy.com Toutes les informations relatives au trade sur le site Web de Dukascopy ne sont pas destinées aux résidents de Belgique, d'Israël, de la Fédération de Russie et du Canada (y compris Québec). Dukascopy is the broker designed for active traders, hedge funds, banks and professionals. Dukascopy allow you to trade both Forex and metals through the same platform. Dukascopy have focused on providing an attractive pricing model with spreads for popular forex pairs starting as low as 0.2 pips. The spreads between the ECN and standard accounts are going to be the same with Dukascopy, with the difference being the additional commission rate. These will vary depending on how many trades you are making, your current balance and your net deposits. For the EUR/USD as an example, the average spread on the platform is 0.32 pips. Its final ... Regulations Comparison. Feature Dukascopy; Year Founded: 2004: Publicly Traded (Listed) No: Bank: Yes: Tier-1 Licenses: 2: Tier-2 Licenses : 0: Tier-3 Licenses: 0: Trust Score: 90: Offering of Investments. Rank: 11th (of 30) Dukascopy offers a total of 653 symbols to trade across multiple markets covering forex and CFD traders with 60 forex pairs and 593 CFDs. Dukascopy also offers ...
My first Java test strategy with Dukascopy JForex API for automated forex trading
This is the Dukascopy Spike Controller for Tuesday with a closer look at the benchmark interbank price stats. Euro/Dollar’s daily average spread is point 32 pips and peak separation has been 1 ... Dukascopy Forex Cartoons - Tight Spreads. Category News & Politics; Show more Show less. Comments are turned off Autoplay When autoplay is enabled, a suggested video will automatically play next ... ECN Forex Platform Comparison - FxPro ... 9:19. AEROzot 33,176 views. 9:19. Starting From 100$ Dukascopy Forex Cartoons - Duration: 2:10. Dukascopy TV (EN) 7,483 views. 2:10. Basic tutorial of ... ECN Forex Platform Comparison - FxPro - xTrader, MB Trading - MBT Desktop, Dukascopy - JForex. In this video i compare forex platforms, liquidity, graphical ... In this video i compare forex ... Whoa..that was easy as compared to horrid Oanda quantlabs.net/blog/2017/01/my-first-java-test-strategy-with-dukascopy-jforex-api-for-automated-forex-trading/ ECN Forex Platform Comparison - FxPro - xTrader, ... Dukascopy vs Oanda vs FXPro forex API trading - Duration: 18:28. Bryan Downing 5,683 views. 18:28. How a DNS Server (Domain Name System) works ... One of the Company's main strengths is that it boasts some of the best liquidity with major currency spreads as low as 1 pip. dukascopy ... ECN Forex Platform Comparison - FxPro - xTrader, MB ...