E-ForexBrokers.com Looks at Online Forex Brokers
(PRWEB) August 13, 2005
According to E-ForexBrokers.com, an online forex broker is a firm that facilitates retail trading using Internet technologies. Global Forex Trading (GFT), one of the popular online forex brokers. It provides retail traders with a free demo trading account, allows users to open a live account, gives live help, provides software called DealBook FX 2, and allows viewing of account documents.
Gain Capital GroupÂs 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.
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.
E-ForexBrokers.com also tells us that 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 e-forexbrokers.com
Forex Brokers provides detailed information on forex brokers, forex trading and market makers, and other forex-related topics. For more information go to http://www.e-forexbrokers.com and/or visit its sister site at http://www.e-incorporatinginflorida.com for related information.
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