A Look at Online Forex Brokers
Eddie Tobey
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.
About the Author
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.
The latest information and news on Forex Trading:
Yahoo! News Search Results for forexIntegrityFX announces Live Forex Training for Middle East (AME Info)
IntegrityFX, LLC (IntegrityFX) announced today that it would begin offering Live Forex training in Dubai beginning in May 2009.
Mini Forex Accounts (PIZZAHEROS)
High leverage and low margin in these mini forex accounts play a very important role in magnifying trading gains as well as losses. Mini forex trading accounts come with lower account minimums than of regular accounts, which enables small investors to day trade in foreign currencies.
RBI earns $6 b from forex kitty (The Economic Times)
Despite the central bank?s foreign exchange horde dipping $23.4 billion during April-September 2008, the Reserve Bank of India (RBI) has managed to improve its earnings from forex reserves by about 30% over the same period a year ago.
Forex hedging rewards banks (The Star)
MALAYSIAN banks dealing in hedging instruments, particularly that involving foreign exchange (forex), are reporting profits in this area over the past two quarters.
FOREX-Euro falls broadly as euro zone inflation slides (Reuters via Yahoo! Ma...
* Euro hits 3-week lows vs dollar, sterling
Yahoo! News Search Results for currencies
Currencies: Euro under pressure as inflation slows and PMI falls (Market Watch)
The euro extended losses versus the U.S. dollar and other major currencies Tuesday after inflation data and a closely watched gauge of economic activity reinforced expectations for aggressive rate cuts by the European Central Bank.
Emerging-Market Currencies May Extend Drop, Morgan Stanley Says (Bloomberg)
Jan. 6 (Bloomberg) -- Emerging-market currencies are poised for further losses as recessions force wealthier nations to rein in overseas investment, Morgan Stanley says.
Asian Currencies May Extend Drop in 2009, Brown Brothers Says (Bloomberg)
Jan. 5 (Bloomberg) -- Asian currencies may remain weak in 2009 on slowing inflation, weaker growth and deteriorating exports, according to Brown Brothers Harriman & Co.
Euro to Decline Against European Currencies, Goldman Sachs Says (Bloomberg)
Jan. 5 (Bloomberg) -- The euro may decline by 10 percent against a basket of European currencies, which includes the British pound, Norwegian krone and the Swedish krona, according to Goldman Sachs Group Inc.
Currencies: Dollar rises vs. yen., euro on hopes for U.S. economic stimulus (...
The dollar, marking its highest levels against the euro and Japanese yen since early December, gains ground against most major global currencies, boosted by hopes for a large-scale stimulus plan to jolt the U.S. economy.