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Monday, December 8, 2008

Forex Broker

I have on the following pages compiled the most well known FOREX Brokers. I hope that this will be informative and a help for you to make your choice. As I point out in my Forex Trading Course, be very careful when you make your choice.

Consider the following before you choose:
  • ECN (Electronic Communications Network)
  • Non-Java Trading and Charting Platform (for speed and reliability)
  • Tight and fixed bid/ask spreads or deep-discount commissions
  • Insured funds
  • Excellent reputation


Don't take this lightly. In the worst case scenario you can kiss your hard earned cash goodbye forever, without even having gained any trading experience. The ones I have listed are all more or less well known. That doesn't mean they are honest businessmen, just that they have a good marketing department.


Think twice before you send your money to an unregulated and/or offshore company. Also think about how you will withdraw your money from your account. What options are you provided with?


The following link will give you the financial requirements that NFA registered brokers must fulfill. Other rules apply for European, Swiss and other brokers. The EU has more stringent requirements than Swiss or USA/Canada. If they are located outside USA/Canada, EU or Switzerland, the regulation is up to that country's laws, which often might not be what you would expect. Do you know which financial requirements that must be fulfilled in Belize or Ukraine?

Since they are quite many (over 30), I have divided them up alphabetically. You find them all here below:


A to E
F to L

M to Z

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