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Once the decision is made to start trading foreign exchange, the next step is to select a broker. So what does a broker do? Basically, a forex broker buys and sells orders on the traders behalf. Although many tout themselves as offering “commission free trades,” brokers earn money by charging a commission or a fee for their services – it’s just called “the spread,” in foreign exchange trading.
Choosing the best foreign exchange broker for your needs will mean some research on your part, but its is worth taking a little time choosing
Here you can find what exactly to look for when choosing the best foreign exchange broker.
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 | Top 3 Online Forex Sites |
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Easy-Forex.com
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Rating: 99% |
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Ranks #1, because makes it faster and easier than ever to execute trades, watch your trading activity, share, and enjoy financial information Reviewed 05/05/2007 14:34:38, by Darius Royle
Easy-Forex.com makes it faster and easier than ever to execute trades, watch your trading activity, share, and enjoy financial information - using real or virtual money.
Residence, Regulation, and Company Management Structure
EASY FOREX.com is a subsidiary of GAIN Capital Group, thus it does not have any independent registration. As for GAIN Capital Group, it is registered in FCM as a broker company, regulated by CFTC and has a membership of NFA. Founders and managers of the company are mentioned on its site - www.gaincapital.com.
Company's Market Position
EASY FOREX.com was created in 2003 to meet the needs of individual investors at FOREX market and for opening standard and mini accounts. No partners (liquidity suppliers) are mentioned.
EASY FOREX.com conducts only individual standard (from $2500) and mini (from $250) accounts. Traditional FOREX-brokers programs, such as Introduced broker, White Label and services of confiding management are offered by the associated company GAIN Capital Group
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MoneyForex.com
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Rating: 96% |
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Ranks #3 Reviewed 05/05/2007 14:34:38, by Darius Royle
Residence, regulating and company management
The company is registered on British Virgin Islands, nothing is mentioned about any regulative organs. The company has an office in London. No management or structure information about the company is stated.
Company's Market Position
The company names itself a broker and market maker. There is dealing desk on the site. No banks – partners (liquidity suppliers) are mentioned. The company conducts individual, incorporated, collective, corporate trading accounts and offers confiding management. [View more]
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