ECN. Used most by professional traders. Difficult platform for beginners
Minimum deposit $10000 (or $3,000 if under 25yo) * Well diversified -Oanda
Market maker. Second largest retail FX brokerage in the US. Easy platform for beginners.
No minimum deposit
Not well diversified, but well capitalized -Gain Capital (whitelabel forex.com) *Market Maker *Fair spreads *Minimum deposit $250 *Well diversified -FXCM Inc
ECN. Largest retail FX brokerage in the US
Minimum deposit $2000
Not well diversified. CAUTION: FXCM nearly went bankrupt in Jan-2015 due to a lack of diversification and low capitalisation. As a result FXCM LLC was bailed out with a large loan which may prove difficult to pay back. Be warned that their business may not be sustainable in the long term. -MBTrading
ECN. Mid-sized retail FX brokerage
Minimum deposit $400
International Only- -LMAX (whitelabel DarwinEx) *DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified -Dukascopy *ECN based in Switzerland, but available elsewhere depending on local regulations. *Tight spreads *Minimum deposit $100 *Fairly well diversified -IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified -Pepperstone *ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified Software / Apps: Desktop/mobile
Apps are typically broker dependent. Some brokers have their own proprietary software, while others lease common software like Metatrader or NinjaTrader. Some software has a large development community for indicators and EAs.
Terminology/Acronyms: www.forexlive.com/ForexJargon - Common terms and acronyms FAQ: I need to exchange money, how do I do it? This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee. I have money in one currency and need to exchange it into another sometime in the future, should I wait? Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it. I have an FX account, should I start trading demo or live? This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance. What’s money management? Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered. More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp www.swing-trade-stocks.com/money-management.html What about automated trading? Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams. What indicators are best? That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc. What timeframe should I trade? Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades. Should I trade using fundamental analysis (FA) of technical analysis (TA)? This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint. I’ve heard trading Binary Options is an easy way to make money? The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX. Am I actually exchanging currencies? Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another. Why didn't my order fill? Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
Was denken wir über IC Markets. IC Markets ist ein echter ECN Forex- und CFD-Broker, der die zwei der besten Handelsplattformen auf dem Markt bietet: cTrader und Metatrade 4 (MT4), mit dem Versprechen, daß auch Metatrader 5 (MT5) bald eingeführt wird. cTrader bietet den Kunden Zugriff auf Level II Preise. Die ECN-Plattform richten sich an Scalper und Day-Trader, aber es ist in der Tat für ... IC Markets ist ein australischer Forex Broker. Die Adresse des Brokers lautet: International Capital Markets Pty Ltd, Level 6 309 Kent Street, Sydney NSW, 2000 AUSTRALIA. Gegründet im Jahr 2007 kann das Unternehmen bis jetzt eine Erfolgsstory vorweisen. Das Geheimnis des Brokers ist es, dass er einen echten ECN Marktzugang bietet und beim Handel sehr günstige Gebühren und die beste ... Our IC Markets review highlights that the company is offering Forex trading over 60 currency pairs, 6 cryptocurrencies, 100+ stock / share CFDs, 16 indices, over 19 commodities plus bonds and futures. Traders can choose to trade on the above-mentioned options on some of the world’s top markets such as the Australian S&P 200 Index, UK FTSE 100 Index, US E-mini S&P 500, US DJIA Index, Germany ... Forex Brokers; IC Markets Review; IC Markets Review. 3.505 · 1253 REVIEWS . International Capital Markets Raw Trading Ltd. Updated: Nov 11, 2020 · ICMarkets.com · Is this your company? ICMarkets is a forex broker. IC Markets offers the MT4, MT5 and cTrader trading currency platforms. ICMarkets.com offers over 60 currency pairs, cryptocurrencies, indices, futures, stocks, gold, silver ... IC Markets is an Australian broker that is well known in Europe and Asia. Since its establishment in 2007, it has been offering its services in the ECN model. It is regulated by the Australian Securities and Investments Commission (ASIC). IC Markets Review Steven Hatzakis October 8th, 2020 Home; Reviews; IC Markets ; CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is ... IC Markets is an Australian based ECN forex broker that is regulated by the ASIC.Traders have access to a wide variety of instruments in several markets like currencies, while commodity traders are offered a range of energies, metals and agriculturals. Operating since 2007, IC Markets bills itself as one of the preferred choices for automated traders, with more than two thirds of the 500,000 ...
Ic Market Forex Trading $1000 Live Withdrawal Proof - YouTube
Those looking for an Australian forex broker should look no further than IG Markets. This unique platform offers a range of markets for the serious trader. W... IC Markets was founded in Sydney, Australia in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the Seychelle... Read our long form review here: https://www.coinbureau.com/review/ic-markets/ ~~~~~ Overview 📝 IC Markets is a CFD broker that... If you trade with IG and you aren’t aware of the games they play on unsuspecting traders, then this is a video you need to watch. Throughout the video I'll s... ig forex broker review 2020 a detailed review on ig forex broker which includes a look on: - company details - regulations and license - trading platforms - ... IC Markets Review 2020 - Pros and Cons Uncovered [updated] IC Markets was not included in the 2019 annual review. As a result, this broker's ratings may be o... AutoChartist and Trading Central market scanners + affiliate program. Open your account and get your BONUS: https://icmarkets.com/?camp=31079 Risk Warning:... Why you should choose IC markets as your preferred broker to trade! - True ECN Broker - 0.0 Spreads - Low Commisions - All trading style accepted - $200 min ... 💰💲FULL BEGINNER? Join My PERSONAL TRAINING!💴💵 BLW Trading Academy: http://www.blwtradingacademy.com/ 💲💹Official FREE Telegram Group: https://t.me ... Hi Friends I Will Show In This Video My Ic Market Forex Trading $1000 Live Withdrawal Proof _____ Join Telegram : http:/...