Forex Blog

An interesting Forex broker reached my attention recently — DeltaStock. It’s a Bulgarian registered brokerage company, which is operating on the on-line Forex market since 2001. DeltaStock also offers CFD, metals, commodities and stocks (only Bulgarian companies) trading. It offers both fixed and variable spreads to choose from and both downloadable and browser trading platforms to trade. I think that this broker would be quite interesting for the Bulgarian Forex traders and those outside Bulgaria who are searching for some good trading conditions.

Long time since I’ve updated my Forex brokers section, so today is a good day to do it, IMHO. HY Markets is a rather new broker on the on-line Forex market, but they have a good and long off-line history with offices in both United Kingdom (London) and United Arab Emirates (Dubai). For their customers HY Markets offer custom web trading platform which makes trading possible from virtually any computer in the world, without downloads and installations. Mini Forex accounts available for $50 minimum deposit and 1:200 leverage. Funds can be deposited and withdrawn via wire transfer, credit cards and PayPal. My overall suggestions on HY Markets - good to start with if you don’t want to download anything and good for professionals with a lot of money for it is a reliable broker and offer better conditions for the bigger accounts.

A new addition to Forex brokers section - iFOREX is a 2 years old Forex broker with two trading platforms available to their customers - web based one, which can be ran only via IE and a dowanloadable which is similar to the platform used in FXCM Forex broker. iFOREX doesn’t allow demo accounts and is not regulated by any financial authority, so it is quite a risky broker for serious traders. But a minimum of $100 looks attractive for the new Forex traders.
Some changes to FXEgypt broker - first, it is now called FXOpen (Poltek Business Ltd.), second, it offers Futures trading services, third, micro-trading accounts with a $1 bonus and $1 lots are now available.

Great Britain looks to be rich on Forex brokers (probably, because of slightly less hard regulatory environment than U.S., but with great financial possibilities which London City possesses). IG Markets is Forex broker which started as a CFD broker and then added spot Forex trading to its on-line services. You can trade using both java platform and standard downloadable program. But with IG Markets you are limited to 1:50 leverage. The minimum to start trading with them doesn’t bite – moderate $200. Except standard ways of money deposit/withdrawal (bank wire, credit card, check) Moneybookers is also available.

Questrade FX is a Canadian Forex broker that has a web based (java based) trading platform that allows you to trade just from your browser window. Just like with Oanda or Easy Forex you don’t need to install any additional software – so technically you can trade from any place with a PC, even a local library (though, that wouldn’t be wise for real Forex accounts, because of security problems). Questrade FX is a registered company and accepts only checks and Wire Transfer, but one can start with only $250. A reasonable choice for new traders from U.S. or Canada seeking a web based Forex broker.

Forex WebTrader is the name of retail Forex broker maintained by Finexo broker. It offers web based trading platform and e-gold deposit – making this broker a good choice for the new traders who want to try themselves at Forex without installing any complicated professional trading software. This broker looks even more attractive because of possibility of mobile trading with PDAs or mobile communicators. But for professional traders this might be insufficient – both in terms of the trading platform and the broker reputation (for which it is too new to have one).

One of the oldest on-line Forex brokers present on the current market - High Street Networking (ForexHSI). It started its website back in 1999 and still remains a meaningful player on the market of retail Forex services. High Street Networking supports deposits via WebMoney and has a very good browser based trading platform available to its clients. Despite of this broker being unregistered with any financial controlling organization, working with such an old and established on-line company is less risky than with one of the money new Forex brokers which are not rare nowadays.

Finexo - interesting broker that provides Forex, stocks, futures and metals trading accounts. You can trade either through their full stand-alone trading platform or through web based terminal, which allows trading from practically anywhere. Mini Forex trading is also available with the minimum account size of $100, but you’ll need to deposit it via credit card since neither e-gold nor any other web based currency is supported. Finexo definitely is a Forex broker you can trust - it began operating on-line back in 2004 and still provides first class trading services.

Welcome a new ECN Forex broker aboard - Dukascopy. It is one of the most notable Forex broker, but it is generally unknown to common retail Forex traders because of its extremely high minimum account - $50,000. One of the greatest advantages Dukascopy clients get for such high requirements is the ability to trade in their Swiss FX Marketpalce - a ECN of brokers, banks and large retail traders with high liquidity and low spreads. And second - hi-end Forex trading software (with web-based Forex trading support).

EarnForex.com now features 8 Forex brokers lists each containing Forex brokers with a special property making it useful to some category of Forex traders. This will help you to find a good broker that would fulfill your needs more easily. The new 8 Forex broker lists are:

• e-gold Forex Brokers
• Metatrader 4 Forex Brokers
• Forex Brokers with Web Based Platform
• Forex Brokers with Advanced Trading Platform
• Institutional Forex Brokers
• Forex Brokers with CFD Trading
• Muslim Friendly Forex Brokers
• ECN Friendly Forex Brokers