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.
Here’s our detailed list of the best UK DMA forex brokers (regulated or authorized by FCA) according to our research: Pepperstone; IG Markets; Forex.com; Advanced Markets; Saxo Bank; Top 6 Best DMA Forex Brokers Australia for 2020. If you’re looking for an Australian DMA (Direct Market Access) forex broker, then you already know that DMA CFD brokers in Australia are some of the best. Not ... List of Brokers who offer DMA/STP Accounts; About DMA/STP Brokers; The Direct Market Access (DMA) enables clients to trade directly with leading Forex Banks or Market Makers and thus it offers the option of receiving the best possible price available in the market at the requested time. Forex Brokers that offer DMA/STP use only the Market ... List of the best 23 Forex Brokers Trusted Reviews. Are you looking for a good and serious Forex Broker? – Then this page is the right place for you. Thanks to the large selection on the Internet it is often difficult to make the right decision. With more than 7 years of experience in the financial markets, we present you with the best ... Forex Rank’s Forex broker list Info on only the most trusted Forex Brokers in the industry. Click on any of the brokers below to find out more about them. Check out Forex Ranks top Forex Brokers List for 2020 below!. Forex Broker List. You will be able to find key details on each broker such as Broker Type, Regulatory body, Minimum Deposit, Account Base deposit Currency, Maximum Leverage ... Below you will find a list of Forex Brokers that offer Direct Market Access (DMA) order execution. Typically, brokers provide DMA trading accounts only to institutional and premium clients. Hence, you have to deposit significant amount of funds to get on board, although this is not always the case. The DMA is very similar to the STP, but traders receive quotes from much wider range of global ... DMA Brokers. What is DMA? DMA – Direct Market Access – is a type of FX execution where traders are offered direct access to the physical market, enabling them to place trading orders with liquidity providers (leading foreign exchange banks, other brokers, market makers etc).. Sounds similar to STP and ECN dealing? It’s close, but there is a difference. Forex Brokers List MM Forex Brokers STP Forex Brokers DMA Forex Brokers ECN Forex Brokers UNLIMITED Scalping Forex Brokers HIGHEST Leverage Forex Brokers RAW Spread Forex Brokers GUARANTEED Stop Loss Brokers MT5 Forex Brokers MT4 Forex Brokers ZuluTrade Forex Brokers Myfxbook Forex Brokers Bitcoin Forex Brokers Cryptocurrency Forex Brokers PayPal Forex Brokers Neteller Forex Brokers Skrill ... Top visited Forex brokers "Top visited" does not automatically mean "Most popular choice" among Forex traders. These brokers are definitely most researched and compared to, but not necessarily become the final choice for Forex traders. Average visits Forex brokers Normal visitor activity. Are normally considered and compared by Forex traders, although less often than Top visited brokers. Low ... In addition, the agency role of the Forex Broker allows clients to use many of the trading strategies that may not be accepted by some other Brokers such as scalping, news trading and other. - However, the market execution in an ECN environment does not guarantee that the stop losses will be triggered at the specified rate and there is no negative balance protection. The reason behind this is ... The prices of DMA forex brokers are streamed live from the quotes provided by the premier banks which essentially becomes the bid/ask offer. It is this feature which ensures that there are no re-quotes or rejection of rates. ECN’s, on the other hand, experience slippages or re-quotes since the anonymous market participants may place false orders and reject them. DMA and ECN forex brokers ...
In this video, we will go through the Top 5 best DMA Forex Brokers that you can trade with now. Visit our channel : https://www.youtube.com/c/SAShares Websit... Open your real ecn/stp trading account with direct market access at DMA Brokers. www.dmabrokers.com Best Forex List Channel provides reviews and recommendations of of best forex broker, best forex signals providers, best ecn brokers, Forex Strategies , Indi... Copula trade is a hundred percent DMA forex broker. That means through us, you can trade directly with leading forex banks. Category People & Blogs; Song Early Yesterday 1; Artist Getty Images Music 487208, Getty Images Music 487209, Getty Images Music 487210, Getty Images Music 487215, Getty Images Music 487216, Getty ... DMA Brokers 4,494 views. 1:02. What is an Auction? Level 2 and Direct Market Access: The Market's Auction Process ☝ - Duration: 10:12. UKspreadbetting 2,040 views. 10:12. What are 'market makers ... El primer aspecto que hay que tener en cuenta a la hora de elegir un buen broker para invertir en Forex es si éste cumple con las regulaciones pertinentes. El proceso para elegir el mejor broker ...