forex broker

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Forex.com vs FXCM - Top Forex Brokers Comparison - FXDailyReport.com Posted: 27 Feb 2019 05:24 AM PST Forex.com is a kind of broker having a range of choices for CFD and Forex traders across its controlled offerings worldwide. This broker has diverse trading tools, full-feature platforms, and comprehensive research intended to cater for the needs of different traders, despite the kind of experience they possess. FXCM i.e. Forex Capital Markets refers to a retail adventitious exchange broker situated in London, United Kingdom. Most traders that seek a wide array of trade-automation facilities utilize the services of FXCM since the broker provides a substantial suite of platforms as well as Forex trading solutions. Despite the fact that FXCM has a narrow range of tradeable markets, the broker does not only cater well to the high-volume traders, but also those who focus on the most famous CFDs and FX pairs. However, as a trader, whether you will consider collaborating with FXCM or Forex.com, be assured that online trading is not a guarantee that you will earn enormous returns. Though chances of getting higher profit outcomes are high with online trading, chances of getting huge losses are also extensive. Therefore, despite the kind of broker you choose to entrust with your trading needs, it is vital you do a proper research on the foreign exchange market so that you can come out with your own tricks which will help you significantly minimize losses and maximize profits when trading online. Also, although the prime motive of any broker is to assist their clients to trade successfully, there are different kinds of brokers with varying terms of operation. It is therefore important you check the terms of service of the different brokers available so that you can figure out the one having top-notch solutions that suit your trading needs better. Here are some factors about Forex.com and FXCM that can help you figure out what broker to choose between the two: Forex.com Vs FXCM General Overview of Forex.com and FXCM FXCM and Forex.com are brokers controlled in a prime hub, and they are publicly traded firms. However, Forex.com offers 45 more currency pairs than FXCM; with the latter providing 84 currency pairs while the latter 39 currency pairs. However, both of these brokers have trading systems that are easy to use and their customer care is great and reliable. Trading Platforms Forex.com provides its clients with three trading platforms i.e. ForexTrader Pro, MetaTrader4 and Tradable platforms. The platforms of this broker combine flexibility, ease of use, and a range of expert charting as well as order management tools. Spread: Starting 0 Pips Leverage: up to 400:1 Min Deposit: $50 Regulated: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA FXCM offers its clients with more trading platforms than Forex.com. The trading platforms of the broker are FXCM Trading Station, Active Trader (Currenex), Ninja Trader, Mirror Trader, and MetaTrader. Methods of Payment FXCM offers its clients several payment alternatives which include Paper Cheque, Credit card, Bank Wire, and ACH payments. ACH payments refer to electronic payments which are made when customers give an originating institution authority to directly debit from their respective saving or checking account for purposes of bill payment. Forex.com only offers two payment alternatives i.e. Bank Wire and Debit/Credit Cards. The broker only accepts USD, CAD, EUR, CHF, YEN, NZD, GBP and AUD deposits. Minimum Initial Deposit FXCM offers two Standard Accounts. As a trader that chooses to collaborate with FXCM, the minimum amount of money you will have to deposit in the first FXCM Standard Account in order to begin trading is 50 USD. In this account you will have a minimum lot size of 1k and maximum leverage of 1:400. However, if you will choose the other FXCM Standard Account, the minimum amount to deposit will be 2,000 USD, and this account has a minimum lot size of 1k and maximum leverage of 1:200. FXCM broker also has another account known as FXCM Active Trader Account. This account requires a minimum deposit of 25,000 USD and it possesses a minimum lot size of 1k and maximum leverage of 1:200. Forex.com has two accounts i.e. standard and mini accounts. The standard account requires a trader to deposit 2,500 USD and it has a minimum lot size of 100k and maximum leverage of 20:1 Minors, 50:1 Majors US; Up to 200:1 AU and UK only. Spread and Commission FXCM has a variable spread from 0 pip on the EUR/USD and charges a commission of 4 USD per any standard lot traded. Forex.com has variable spread of 1:1 pips. The commission of this broker is in form of compensation attained via the ask/bid spread. Bottom Line Based on the aforementioned factors, you should now be aware that FXCM and Forex.com have different terms and conditions of service. It is vital you use these factors to figure out who to choose between the two brokers when the need arises. However, despite the broker you go with, make sure you trade wisely and utilize other online based trading options that will help you reduce the chances of encountering losses and increase the possibilities of earning enormous returns when trading. Spread: Starting 0 Pips Leverage: up to 400:1 Min Deposit: $50 Regulated: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA Rate this compare forex brokers: (1 votes, average: 5.00 out of 5) Loading...

The Best Swiss Forex Brokers 2019 - Benzinga Posted: 19 Feb 2019 12:00 AM PST Recommended Forex Broker FOREX.com is one of the largest forex brokers for Swiss traders. You will get competitive pricing, award-winning customer service, actionable data, and powerful trading platforms to help you make the best possible trades. Switzerland has a relatively strict regulatory environment, so if you choose a foreign broker, make sure it is also well-regulated within its local jurisdiction. Several online brokers have offices in Switzerland, and many foreign brokers also open accounts for traders who reside in the country. Quick Look – Swiss Forex Brokers Forex.com Dukascopy Swissquote IG Saxo Bank Remember that not all forex brokerages are created equal, so make sure to carefully determine your specific needs as a trader. Once you know what you need, you can assure your needs will be met by a broker before opening a forex trading account. Trading Forex in Switzerland The Swiss national currency is the Swiss franc (CHF), which is divided into 100 smaller denominations. Since Switzerland is a multilingual country, this 1/100 of a franc denomination is known as a rappen in German, a centime in French, a centesimo in Italian and a rap in Romansh. According to the Bank for International Settlements (BIS), the Swiss franc was the seventh most-traded currency in 2016, making up around 4.8 percent of overall forex market turnover that year. The CHF also ranked eighth among the world's most popular reserve currencies, amounting to roughly 0.15% of total central bank reserves in the third quarter of 2018, according to the International Monetary Fund (IMF). With respect to Swiss financial sector regulation, the Swiss Financial Market Supervisory Authority (FINMA) supervises the financial system in Switzerland that includes online forex brokers. The regulator oversees financial institutions and aims to protect investors by making sure that Switzerland's financial markets function well. Financial institutions need to be authorized by FINMA before commencing operation. When it comes to trading currencies, Switzerland has several reputable forex brokers based in the country itself, although Swiss residents can easily deposit money and trade forex via accounts held with foreign brokers. Keep in mind that if you do choose a foreign forex broker, it will generally be overseen by one or more regulators in the country, so make sure to select a foreign broker with a reputable and reasonably strict regulatory organization. What to Look for in a Swiss Forex Broker Whether a broker is based in Switzerland or elsewhere, the best online brokerage will generally have the following 11 characteristics: A good reputation Will accept you as a client Well regulated Requires a minimum deposit you can afford Offers all currency pairs and assets you wish to trade in Allows a sufficient leverage ratio for your preferred trading strategy Makes prices with competitive dealing spreads Provides negative balance protection Has minimal order slippage Segregates client accounts from its own Has intuitive deposit and withdrawal procedures Another key factor to take into account when looking for a suitable online forex broker is what type of trading software the broker supports. Many brokers offer proprietary trading platforms to clients, while some rely on third-party platforms like MetaTrader 4 and 5 from MetaQuotes. The Best Swiss Forex Brokers If you're from Switzerland and looking for a reliable online forex broker, choose from among the well-regulated brokers shown below. These include Swiss-based online brokers like Dukascopy and Swissquote, as well as foreign brokers authorized and regulated by FINMA like Saxo Bank and IG Group. You can also choose among foreign brokers that are regulated abroad but still accept Swiss clients, such as FOREX.com, for example. If English is not your first language, then you will probably want to select a broker that has its website translated into your preferred language, as well as a customer service desk staffed with people who speak it. All of the Swiss brokers and most of the top foreign forex brokers already have their English websites translated into German, French or Italian. Remember that if a broker has established an office in Switzerland and is regulated by FINMA, then that would be ideal since that tends to make a broker act more responsibly because legal action can be taken against them in Switzerland. Litigating abroad can be challenging and cost you extra time and money to seek justice if problems arise. Choose the best forex broker by combing through all of your options. Here's a short list of some top online forex brokers to consider: 1. Forex.com Forex.com Access to Metatrader 4 & 5 as well as proprietary trading platforms. Consistently viewed as one of the best forex brokers worldwide. FOREX.com is a top broker with respect to client assets. While it may not be regulated by FINMA, it is regulated by the NFA and CFTC in the United States, in addition to the U.K., Australia, Canada, Japan, Singapore, Hong Kong, and the Cayman Islands. You can open a trading account at FOREX.com with just $250, and the broker allows micro lot trading for those wanting smaller trading amounts. The broker segregates client accounts from its own and offers an Islamic account option. The company has several desktop, mobile, and web-based platforms, including the popular MetaTrader 4 and 5 platforms from MetaQuotes. Clients also have access to its proprietary Advanced Trading Platform for desktops and its Web Trading platform for online trade execution. With respect to leverage, FOREX.com has a rather low (but safe) maximum leverage ratio of 50:1 available to clients trading currency pairs. You can visit the broker's official website for more information at FOREX.com. Open an account with Forex.com 2. Dukascopy Dukascopy is an ECN broker based in Geneva, Switzerland that adheres to strict regulation under FINMA. You can open a trading account with a rather substantial deposit of $5,000. The broker also segregates each client account from its own account and uses top-tier banks for extra security. It also supports PAMM for those who want to manage multiple accounts. Dukascopy's trading platform offerings include the popular MetaTrader 4 (MT4), as well as the brokers' own proprietary trading platform known as JForex. Mobile, desktop and web versions of both platforms are available. Note that just 41 currency pairs can be traded on an MT4 account and more than 600 assets can be traded via JForex. With respect to leverage, Dukascopy offers an average leverage ratio of 200:1 to Swiss clients trading currency pairs during business days, falling to only 60:1 during weekends and holidays. Visit the broker's official website for more information at Dukascopy.com. 3. Swissquote Swissquote is a market-making online broker and Swiss bank based in Gland, Switzerland with an office in Zurich that submits to strict regulation under FINMA. You can open a Swissquote trading account with a minimum initial deposit of $1, and the broker segregates each client account from its own for added security. Swissquote's supported forex trading platforms include the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms from MetaQuotes, as well as the brokers' own proprietary trading platform called AdvancedTrader. The broker also provides a useful Autochartist plugin that scans the markets to give automated trade alerts based on chart patterns, as well as volatility analysis and performance statistics. Mobile, desktop and web versions of both platforms are available which allow you to trade 130 financial instruments including currency pairs, precious metals, commodities, stock indices, and fixed income products. You can also take advantage of its robo-advisor feature if you wish to delegate management and diversification of your investment portfolio. With respect to leverage, Swissquote offers a rather conservative leverage ratio of 100:1 to Swiss clients trading currency pairs. You can visit the broker's official website for more information at Swissquote.com. 4. IG IG is a market-making contract for difference (CFD) broker based in London, England that submits to regulation by FINMA, as well as the U.K.'s FCA and other regulators. IG does not allow micro lot trading, and you can choose a limited risk account type to avoid losing more than your initial deposit. IG's minimum deposits depend on which branch you open an account with and the Swiss branch requires at least a CHF 5,000 deposit, and you will need to fund the account with sufficient margin to make the initial trade you desire. IG's supported trading platforms include MetaTrader 4, its proprietary IG platform and its web-based platform ProRealTime and its direct market access (DMA) platform L2 Dealer. Mobile, desktop and web platforms are all available with this broker. With respect to leverage, IG Group offers clients an average leverage ratio of 200:1 when trading currency pairs. You can also trade CFDs on indices, shares, and commodities. Visit the broker's official website for more information at IG.com. 5. Saxo Bank Saxo Bank is based in Copenhagen, Denmark so it remains subject to the EU's MiFID guidelines. The private bank is regulated by the Danish Financial Supervisory Authority (DFSA), and it also has a Swiss subsidiary called Saxo Bank AG that submits to regulation by FINMA. SaxoTraderPRO and SaxoTraderGO are the bank's proprietary trading platforms, although it no longer supports the popular MetaTrader 4 and 5 platforms from MetaQuotes, so that could rule out its use by many traders. Saxo Bank also allows trading in over 30,000 instruments, including forex pairs, binaries, CFDs, equities, futures and fixed income products via its proprietary SaxoTrader GO and PRO platforms. Nevertheless, the bank requires a high minimum initial deposit of $10,000 to open a live trading account, which may not be affordable for some retail traders. With respect to leverage, Saxo Bank offers a rather low ratio of only 100:1 when trading currency pairs. You can visit the bank's official website for more information at home.saxo. The Final Word If you live in Switzerland, choose a well-regulated broker that segregates clients' accounts from its own accounts and deposits with a top-tier bank. Regulation by FINMA is strong and highly recommended, while the NFA and CFTC also provide strict oversight. Select a forex broker if your margin deposit will be kept safe. Any trading gains will be promptly sent to you when asked. Research the client reputation ratings of each broker and check to see if account holders have any unresolved issues with the broker.

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