Forexbrokerinc vs tradersway

Author: Schuba Date: 29.05.2017

FXCM offers three account types: Mini, Standard, and Active Trader. The Mini account is the only account that provides Dealing Desk execution and which involves no commission fee. In addition, API connections are not available on Mini accounts. As regards the broker's renowned No Dealing Desk execution offered on Standard and AciveTrader, FXCM spreads are pretty tight due to healthy competition of liquidity providers, including global banks, financial institutions and other market makers that make up.

For those unwilling to expose themselves to the greater risk related to trading in large volumes, micro lots are available on all account types. FXCM offers variable spreads, averaged 1.

NDD accounts, on the other hand, provide significantly tighter spreads, averaged 0. In addition, Active Trader account holders may benefit from commission discounts, provided that they satisfy certain trading volume requirements. COM offers commission-free trading and average spreads of 1. Nonetheless, many FX brokers provide similar leverage levels — check out a list of brokerages offering leverage up to 1: This broker takes regulation, financial transparency and investor protection very seriously.

In order to maintain transparency of operations, the company has introduced FXCM Financials — a site where anyone can see the broker's balance sheets, income statements, EBITDA details, customer equity, etc.

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Besides, the companies within the FXCM group are regulated by some of the most respected regulatory bodies in the world: FCA in UK and ASIC in Australia. Both FCA and ASIC regulated brokers are under strict supervision and are very well controlled. To acquire a license from the UK financial watchdog, financial services providers need to maintain net tangible assests amounting to at least EUR In , FXCM expanded in Israel and South Africa and Israel via Introducing brokers, who acquired licenses from Financial Services Board FSB and the Israel Securities Authority ISA , respectively.

Also, since September FXCM shares are trading on NASDAQ, having moved from NYSE. So, traders who choose to invest in this global publicly traded company, regulated in several jurisdictions, need not worry about the security of their funds. In addition, Copy trading is available through the advanced platforms ZuluTrade and Mirror Trader.

Apart from its sleek design and intuitive interface, Trading Station comes equipped with Marketscope — a powerful charting package. Here are some of its key features: You can also benefit from pure NDD execution, trading from charts, creating your own trading, superior back-testing options, custom indicators and alerts.

Those traders who stick to the good old MetaTrader 4 MT4 will not be disappointed with FXCM, as the broker fully supports this powerful multiasset software. The platform comes equipped with an outstanding charting package, numerous built-in technical indicators, Fibonacci retracements, trend lines, support and resistance levels, and so on — pretty much everything a trader needs.

Those who are handy with code may create their own automated strategies EAs and custom indicators in the MQL programming language. One of the biggest FX brokerages worldwide, FXCM is an excellent choice: Here are, in a nutshell, the advantages and disadvantages with regard to this broker:.

There are 2 ECN account types available on two different trading platforms, offering tight spreads with small commission fees. Besides, there are two MT4 commission-free accounts with no minimum deposit requirement, one of which offers fixed and the other one, variable spreads. Swap-free service is available on both commission-free accounts to clients of Islamic belief who are not willing to earn interest for religious reasons. The Dominica has a wide range of offshore services and with the passing of the International Business Companies IBC Act in it has become an attractive location for offshore company formations.

There are certain international banking regulations to which all companies operating out of Dominica are bound, however, forex businesses are not regulated at this time.

While it is true that no regulation can protect you from dealing manipulation, misuse of client money, or company bankruptcy and no regulation can guarantee the funds in your pocket or trading account, there are certain states which strive to put some certainty in the decentralized FX market in their jurisdiction.

Money rules and minimum capital requirements are set in the US, Japan, Australia, UK, Cyprus, among others. Brokers in these countries are required to report all trades and to comply with various procedures. What is more, in many of them apply compensation schemes which protect client funds in the event of broker insolvency.

To put it simply, if you choose to open an account with an offshore broker, your funds are far from safe. So, if you intend to invest a large amount of money, we would advise you to select among brokers regulated by the respective authorities in the abovementioned states.

FXCM vs. TradersWay Forex Broker Comparison

The broker states on its website that it keeps client funds and company money separate and that it employs strict AML and KYC policies to support international efforts against money laundering and inappropriate usage of funds. Most offshore brokers do not require high initial amounts, which is reasonable, considering the light touch regulation, if any. Fixed and floating spreads offered on its commission-free accounts are both average, as fixed ones are 2 pips and the broker quotes as typical variable spreads of 1.

In comparison, ForexBrokerInc offers variable spreads from 1 pips on its commission-free accounts. This basically means that the average trading costs amount to around 1 pips, commission included. For further information, you may look up and compare real-time spreads of 15 leading brokers can be checked out here. In comparison, SVG-based OctaFX and ForexBrokerInc both offer leverage up to 1: More forex brokers offering leverage equal to or exceeding 1: Traders, however, should be aware of all the risks associated with trading on margin — higher leverage levels may lead to heavy losses, exceeding initial investments.

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That is why many jurisdictions set limitations on leverage, which are considerably lower, for instance 1: Fast order entry and execution speeds, direct order entry via charts and Level II pricing are just some of the reasons why many traders today choose cTrader as their go-to platform. MetaTrader 4 is preferred by most experienced traders, because it is equipped with an advanced charting package, a number of technical indicators, Expert Advisors EA and extensive back-testing environment.

MT4 also provides a built-in social trading service - Trading Signals. Using this service, you can copy deals of other traders directly in your terminal. Here is a list of more forex brokers offering MT4 platform. Of course, this broker offers high quality VPS Hosting Service.

Skrill, Neteller, Perfect Money, WebMoney , QIWI, MonetaRU, EasyPay, Boletto, cashU and others. Its main disadvantage is lack of regulation. To sum up the above:. Forex trading carries a high level of risk and may not be suitable for all investors.

Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz. We do not present any guarantees for the accuracy and reliability of this information. All textual content on ForexBrokerz. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

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Forex Capital Markets LLC US - Forex Capital Markets Limited UK FCA FXCM Australia Pty. Here are, in a nutshell, the advantages and disadvantages with regard to this broker: United States Regulated by: CFTC, NFA US: FCA Firm registration Australia: ASIC AFSL Hong Kong: SFC SFC CE AIM Italy: Registered with the ACP, as the branch of Forex Capital Markets Ltd. To sum up the above: The Commonwealth of Dominica Regulation: Top Forex Brokers FXTM FXCM HYCM easyMarkets IG XM FxPro FX Choice Windsor Brokers FBS FIBO Group Cyprus Grand Capital TryMarkets EverFX Trading Dukascopy IC Markets OANDA City Index XTB PipIndex Capital Index PhillipCapital UK RoboForex FOREX.

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