Forex Trading Platforms

Forex trading is characterized by high liquidity, extreme volatility, low trading costs, and fast execution. Average trade volume per day in the forex market amounts to roughly $4 billion. In order to wade through this highly volatile market, you’ll need a superior broker. To zero in on the best fit for you, Benzinga has done a comparative analysis of two industry powerhouses: FOREX.com and Oanda. FOREX.com vs. Oanda: Overview We break down FOREX.com and Oanda based on spreads and fees, trading platform, research, and other offerings. Here’s a side-by-side comparison to get you started. Commissions Spreads start as low as 1 But vary based on trading volume Best For Traders of all skill levels If you need a great mobile experience Those who like easy-to-consume data and research Commissions $5 per 100,000 base currency traded Best For Beginners Cost-conscious traders Traders who keep a low account balance FOREX.com vs. Oanda: Spreads and Fe...

NEXUS will have the goal of alleviating concerns by brokerages and make it possible for them to offer crypto in the same way as other assets. Broctagon Prime, which is part of the Broctagon Fintech Group, will work with Takeprofit Technology to create a crypto liquidity aggregator. This aggregator will be called the Broctagon Network of Exchanges for Universal Settlement or NEXUS . Why It Matters With the crowded pipeline of investors and the growing appetite by asset managers, there is a major need to create B2B solutions and liquidity pools for crypto trading . One of the major obstacles for the CFD brokers in entering the crypto world is getting a reliable source for price feeds. The problem can be quite difficult since the various exchanges offer major discrepancies in their real-time price feeds. The NEXUS Solution NEXUS wants to solve the problems and concerns that brokerages have. As a result, they will be able to function with ease, much in the same way as traditional as...

Broctagon Prime , a member of Broctagon Fintech Group, has partnered with Takeprofit Technology to bring together a cryptocurrency liquidity aggregator called “Broctagon Network of Exchanges for Universal Settlement (NEXUS).” Given the crowded pipeline of crypto investors, as well as the emerging appetite from asset managers, there is a pressing need to create liquidity pools and B2B solutions for the trading of cryptos. Further, one of the main obstacles for CFD brokers in properly entering the crypto realm is obtaining a precise source of price feeds, which is even more challenging considering that various exchanges are constantly offering major discrepancies in real-time quotes. Join the iFX EXPO Asia and discover your gateway to the Asian Markets NEXUS aims to alleviate these concerns for brokerages and enable them to function seamlessly, in a similar manner to traditional assets. And as the virtual asset class couldn’t escape the liquidity conundrum, NEXUS was built to conne...

Neither the central bank, nor the government backed the initiative to provide Russian Forex dealers with a simpler way of client identification. A legislative proposal that would have seen Russian Forex brokers (or Forex dealers, as their official designation says) benefit from a simplified client identification procedure  has faced insurmountable opposition in the Russian Duma. Research by FinanceFeeds shows that the bill  has been withdrawn earlier this month by the authors of the legislative piece. This happens after the Government and the Central Bank objected to the bill. The Central Bank said that the proposal was premature, whereas the Government’s objections center around AML requirements. Let’s recall that, according to the authors of the document, as of May 15, 2018, the number of clients of the licensed Forex brokers in Russia was 3,539. At the same time, there were about 200 unlicensed companies that offer Forex services to Russian clients. These companies u...

The USD/CHF started the week in a quiet way and struggled to set the next direction while moving up and down in a range. With the EU27 endorsing the Brexit deal over the weekend, major European equity indexes on Monday gained traction to reflect a better market sentiment. It makes it hard for the Swiss Franc to find demand amid its safe-haven status. If Wall Street opens on a solid note before the G20 summit, we will see the CHF stay weak against the major currencies. If the Euro and the British pound recover after the last week’s losses, the US Dollar will stay below the 97 handle and won’t allow the pair to go higher. The US Dollar started a decent upward move from the 0.9920 swing low against the Swiss Franc. The USD/CHF pair traded above the 0.9950 resistance and settled above the 50 hourly simple moving average. The upward move was positive as there was a rise towards the 0.9990 level. A swing high was formed at 0.9993 and later the pair declined below the 38.2% Fib retracem...