Which of these is the best forex trading web site?
Question:
B. GFTFOREX.COM
C.Oanda.com
D.Forex.CH
E.ODLsecurities.com
F.gcitrading.com
G.Any Other -you suggest
Answer:
As far as the best retail broker for trading forex I do recommend your third choice (C.Oanda.com).
I use Oanda as my broker. I highly recommend using Oanda as they give a huge edge over all other retail brokers. Oanda allows you to control the value of each pip not limiting you to a full lot ($10 a pip) or a mini lot ($1 a pip) so you can trade with values lower than $1.
This gives you a huge advantage in that you are limitless. No matter how much money your account size is you can correctly follow any money management and trade multiple methods across multiple pairs bringing you the diversification you need to survive and excel as a trader.
I am a professional trader with over seven years of experience and I also recommend to all members of my trading group to also use Oanda as their broker.
Hi,
Who could say objective which one is the best? That to compare which is better trader have to trade with all brokers and place same orders at the same tame. It is impossible. Everybody could say only about brokers that he/she use.
I could introduce you to broker that I use for several years and I'm really happy. They located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG.
They have very tight spreads. Total 25 currency pairs, Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.
LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.
MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 - 0.5%
25,000 to 1,000,000 - 1%
1,000,000 to 5,000,000 - 2%
5,000,000 to 10,000,000 - 3%
Above 10,000,000 - 5%
Please note that on weekends and holidays margin requirements remains the same.
SWAPS are counted as negative as positive. Also is available swap-free accounts.
STOP and LIMIT orders may be placed as close as 5 pips from market price
TRADING TERMINAL Meta Trader 4.
Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.
Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage.
This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).
If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.
Good luck!
Wow, I guess one really has to weed through the spam here now. What a shame.
Anyways, I may not be the best one to answer your question as far as the best for trading because I am not a trader, I am however an investor in the Forex. As far as investing goes I would highly recommend GFT for the simple fact that they are very easy to understand and use. They are also web based or desktop based. I like this because I travel and I do not always bring my laptop, so I am able to check on the status of my accounts from other computers.
I will say this to you, I have not been hearing good things about FXCM and there are a lot of mixed feelings about Oanda out there as well. It really all depends on the type of trading you are doing as well. I am a "hedge trader" or investor. I do not make a lot of trades every day. Actually I spend less than 15 minutes a week on my accounts and I continue to see 12% plus profits monthly. GFT is one of the recommended brokers of the system I use and like I said earlier they have been great.
I would also suggest checking out http://www.babypips.com or going on some of the forums to see what others that are trading in a style like yours are finding to be successful.
Feel free to contact me with any questions you may have.
Sincerely,
Brandon Wells
877-773-5345
bjwells@yourforexinvestor.com
http://www.forex.simplyseen.com/...
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