Having made the necessary sacrifices and put in all the effort to gather enough capital to start investing, you would undoubtedly wish to make the best use possible of that capital. Your aim is to maximize your potential profits while still maintaining as low a level of risk as possible, thus gaining the greatest return on your investment.

You have also chosen to invest other resources in your decision to start real trading, including the time required learning how to trade properly and the effort to train yourself to be as professional an investor as you can be. You spent long hours analyzing foreign currency pair movements and financial charts, constantly checking financial indicators and making use of various trading tools, organizing trade deals, and enduring the various trials and tribulations of trading. Your understanding of exactly how trading works grew and you became increasingly confident about the prospect of success in trading. You also realized how much more in control of your own life you now are.

And at last, you believe that you are ready to start trading for real. You are ready to leave ‘demo’ trading behind and step into the world of real trading. You start to dream of achieving your trading goals, and imagining the route to success and capital growth through the use of shrewd trading, gaining a significant second stream of income.

All that is left for you to do is to choose the broker and trading program you wish to work with. While this might sound exceedingly simple, the reality however, will hit you in the form of a sea of various options, different brokers and intermediaries, multiple trading platforms, details, offers, gifts, and various other things. The realization comes that knowledge of trading is not enough. You begin to have doubts, and you ask yourself the questions, “Who should I entrust with my money?”, “Which trading program best suits my needs?” and “Which broker should I pick?” The answers to these questions are buried beneath entire mountains of data, and you will need to sift through them in order to find those answers. You will also experience constant anxiety, worrying about the possibility of making an incorrect decision. A single bad decision may result in decreased profits; while a serious mistake may see you lose money! You might also wonder exactly how you can start investing in a variety of financial products – such as stocks, foreign currency, shares, commodities, and even indexes. Should you engage different agents to aid you in trading with different financial products?

The professionals at “FOREXBROKERS.CO.UK” will help you answer those very questions you are asking yourself, making the process of finding the right answers and reaching the right decisions painless and so much simpler. We have the ability to help you process the information that you have found, make sense of it, and save yourself a great deal of time, frustration, and trouble.

We have detailed summaries of the various important factors and subject matter you will require in order to determine exactly what you need for successful trading, so that you can arrive at the best possible decision and make choices that will provide you with the greatest benefit.

The first thing you require in order to enter the world of trading is an agent – this usually means a broker with whom you can establish a trading account. A trading program is also necessary, as you will use it to handle your trades and transactions. When it comes to these two factors, making the right decision means being informed of the various options and conditions surrounding each possibility.

As a trader, you will not require every single trading tool available. Depending on the investment method you intend to follow, you will need a certain set of trading tools that will most certainly not encompass every single tool in existence. If you are to make the right choices regarding which tools you need, however, you need to know all of them. This way you will be able to determine if your broker offers the right services and tools that you require. The same principle applies to choosing a trading platform. Another important detail you need to pay attention to is whether your broker supports the trading platform you intend to use.

Details to Note When Choosing Your Broker

Choosing a broker involves many different things. The following is a list of 8 factors that we have deemed to be the most important when making this choice:

Availability of ‘Demo’ Trading

Before deciding to engage the services of a particular broker, you should first determine if he offers the option of ‘demo’ trading. With this option, you will find the transition from ‘demo’ trading to real trading much smoother and easier. You will find it easier to learn the various trading skills that will serve you well when you start trading properly. You will first need to find out if your broker offers his own ‘demo’ trading program or if you are expected to learn using another broker’s ‘demo’ trading program first. If it is the latter, then you should definitely reconsider your decision to consider this broker, as this is not something to inspire confidence in him.

Your Initial Deposit

When trading, especially in foreign currencies, you will find a wide variety of options available from various brokers. Some brokers are content for your initial deposit to open an account to be a minimum of only $25 or even less, while others may insist that your initial deposit consist of at least $1000. This is important because your level of available capital is definitely a big factor when making your investment decisions. Many traders are of the opinion that ‘starting small’ is the best way to make a smooth transition from ‘demo’ trading to live trading. This is because trading small sums of money will not cause you to lose sleep or have anxiety issues the way trading a large sum of money might. Other traders argue that this is not a proper introduction to the world of trading, however, as in the real world of trading you rarely deal with small sums, and you should get used to being constantly worried about your money as soon as possible. This is a decision you will have to make on your own – whether you wish to have a smooth transition to live trading, or whether you wish to learn the harsh realities of trading as quickly as possible.

Deposits and withdrawals

This is another aspect in which brokers often differ from each other. Some brokers allow the deposition of funds into your account through a variety of methods, and you can decide according to which method affords you the most convenience. Credit card, the internet, telephone, bank transfers, and electronic internet accounts are just some of the possible ways of accomplishing deposits. Methods of withdrawal that various brokers might suggest will include direct payment to your bank account, using virtual internet accounts, or through a credit company. Some brokers, unfortunately, will provide only a few of these options and you might find that the options given to you for withdrawing and depositing money are inconvenient for you. This is especially true for those who might need to make frequent withdrawals or who travel often. Before you even seriously consider a particular broker, you need to find out if what they are offering suits your needs and trading methods. While this may seem like a small issue, the complexity of the process of opening a trading account and the available methods of depositing and withdrawing money are something you should consider. If this process is complicated, then you might find yourself facing extreme frustration when attempting to open a new trading account or withdraw money from an existing account. The broker you are considering might seem to be a good choice, but you might find out too late that withdrawing money from your account is all but impossible. You should definitely find out such details before you choose to entrust a particular broker with your money.

Spread

With regards to foreign currency trading, every broker will identical claims that they do not charge any form of commission on trades. While this may seem to be true at first glance, such claims do not hold up to further scrutiny. When you trade financial instruments such as shares or commodities, you will find that there are marked differences between the different organizations offering their services to you. This is, in fact, a commission, and bears closer examination before you decide to engage the services of a particular organization. If you are trading indexes or foreign currencies, however, this is simply known as the spread, or the difference between the sale price and purchase price. With any leading currency, the purchase price is a few PIPS higher than the sale price for that particular currency. This is the same when you trade indexes. The problem you will face is that some brokers will conduct your trades at a higher spread, which is not beneficial to you.

Some people may believe that this only holds true for currency pairs that are not popular among foreign currency traders. The truth, however, can be found by examining the real situation more carefully. While the spreads between less popular currency pairs are indeed larger, even the most popular currency pairs such as the Euro/Dollar pair also exhibit the same characteristic. The spread between prices can be anywhere from one to three PIPS. Most brokers take the middle road and offer prices with spreads of two PIPS. If you believe that a particular broker is trustworthy, you may decide that it is in your interest to simply accept his price and not demand a better price. Often, traders will adopt this attitude if they only wish to make a single trade in order to liquidate their entire position before exiting the market. The same may be said of anyone who only wishes to conduct infrequent trades, such as only a few trades every month. Most people who trade foreign currencies, however, are in the market to take advantage of the highly volatile prices by making many trades every day. We will therefore assume that anyone reading this article wishes to trade frequently and for a long time. You should be aware, then, that a broker who offers you a spread of a single PIPS means that your leverage per PIPS is only one dollar, so you only get one dollar. On the other hand, given the number of deals that you will do over a long period of time, you will realize that you save a significant sum of money. Over time, the balance of capital in your account will grow as your profits accumulate. You will then start to gradually increase your leverage. Soon, you will find yourself trading on leverages of two dollar per PIPS, then three dollars, ten dollars, or even a hundred dollars per PIPS.

Something you should note is that brokers have different ways of expressing the spread. Some brokers apply a fixed spread to trades, meaning that a particular spread of perhaps two PIPS per Euro/Dollar will always apply to trades, no matter the condition of the market. Other brokers will adjust the spread, either lowering or raising it according to market conditions and any significant world news or events. You should also take note of how a spread is costed. At certain times, you will open short positions at the prevailing market price and close them a price that is two PIPS above market price. When dealing with long positions, then the opposite is often the case (particularly if you are dealing in SCALPING, but you will often find yourself frustrated when the market price has risen by one PIPS but still remains one PIPS below the targeted closing price. In such cases, what might have been a profitable deal quickly becomes a deal where you lose not once, but twice.) Whether you choose a broker who offers a higher or lower price is up to your personal preference, but you should definitely be aware of this discrepancy between individual brokers.

The Stop Point

Before you begin any trading session, you first need to define a STOP LOSS condition. This condition will inform your trading program or broker exactly how much you will allow yourself to lose before you cut your losses and close your position. This is something that any broker will have experience with, and is certainly not a new concept by any means. The stop point sometimes gives traders headaches because some brokers seem to think this condition is open to their own interpretation of loss. There are even some brokers who will not guarantee you the ability to set a stop point. Other traders, however, will offer you a stop point guarantee and stay true to their word. This means that, if your broker guarantees your stop point, but you lose more on a deal than stipulated by your stop point, your broker will refund your losses over whatever you were already prepared to lose. Of course, you cannot expect your broker to tell you if your losses on a deal were over the defined stop point. You need to monitor your own trades and, if necessary, demand that refund from your broker.

Some brokers add a disclaimer to their guarantee of a stop point, warning traders that while under normal circumstances the stop point guarantee applies, during sharp market fluctuations the stop point cannot be guaranteed completely.

It is therefore of great importance that you first determine exactly what sort of criteria a broker has set with regards to setting a STOP POINT.

Leverage

Leverage refers to conducting high value trades of securities or commodities using relatively little capital. Brokers differ greatly from one to the next in this area as well. While this holds true in every financial market, it is most evident in the foreign currency market. You will find some brokers who offer leverage of 1:100 and others who offer leverage of up 1:500. You must keep in mind that while high leverage maximizes the profit earned on a certain amount of capital, the potential losses are also enough to wipe out your capital and more. New traders should not be overly enthusiastic when making use of leverage, and should start with moderate trades that do not make use of heavy leverage. The decision to use leverage or not in your trades is entirely yours, and you can trade without any leverage if you so wish.

Interest

While some people believe that the issue of interest is a simple one, it definitely deserves some of your attention. Some brokers take into account the interest you earn when you trade, while others do not. Certain brokers will give you interest on any capital that is left in your account at a particular time every month, while others do not offer any interest. On deals that include interest, that interest is calculated at the start of the next trading day (this may differ from one broker to the next, and depends on factors such as the broker’s physical location and the time difference between your country and your broker’s). Such calculations are made using the ratio between the volume of trades being conducted and the percentage interest being offered for the month. This will apply to a trade for as long as the deal remains open.

There are also brokers who do not offer interest on the money used for your trades, but do offer interest on any capital that remains unused in your account. You should take note of this because the market sometimes displays either BULL or BEAR characteristics for a certain currency, making trades on such currencies more profitable. The problem arises due to the interest on such options being low, particularly when compared to other currencies that you would usually trade against this particular currency. In addition to that, some dealers conduct trades based on interest rate differences. A good example of this is the reverse correlation in compatibility that, until recently, existed between the Euro-Dollar and Dollar-Swiss Franc currency pairs. If you were to initiate trades on both currency pairs, you would find that the movements in price were almost exactly opposite to each other. With a long trade on one and a short trade on the other, you would find your profits on one almost equal to your losses on the other. You might ask, then, where the profit lies. The answer is in the difference between the interest rates. While such a trading strategy is certainly not simple to make use of, you should realize that, in order to integrate such a strategy into your own trading method, you would need the services of a broker who gives you the option to offset interest.

Regulation

You also have a choice between working with a broker and engaging the services of a Market Maker (who does not need to be made aware that you will save on your spread by working with him instead of a broker). Brokers merely act as intermediaries between traders, such as yourself, and Market Makers. The incentives offered by brokers are designed to encourage you to enlist his services, while the he profits on a portion of the spread of your transactions – a spread that is the direct result of the actions of the Market Maker. In reality, your broker does not really have anything to do at all with your trades. Your broker will also profit from the relative part of each spread that you have already paid for.

A Market Maker, however, consists of a large financial organization, and represents another link between the markets and the various prominent banking institutions worldwide. Thanks to a powerful financial and commercial position, the Market Maker is able to handle all of the requests and trades of his clients ‘in house’. As an example scenario, imagine deals involving the Euro-Dollar currency pair. One client wishes to buy the Euro against the Dollar, in essence selling Dollars against the Euro. Another client wishes to make the opposite trade. In this situation, the Market Maker experiences complete overlap between the two trades, and is able to simply the losses from one trader to the winnings of the other trader, all the while earning a profit on the spread between the currencies.

Let us better illustrate the situation using a more extreme example. Imagine that every single client of a particular Market Maker chooses to sell the Dollar and buy the Euro. On the surface, this might seem to present a problem for the Market Maker, as he would be unable to pay his clients if they all profit from this trade. There are no trades coming from the opposite direction that can be used to cover these trades. At first glance, it would seem as if the Market Maker would have no choice but to stomach a loss and simply pay the clients using his own funds. However, it should be evident that this does not happen in real life. In such cases, the Market Maker simply has to make purchases from the central banks in order to cover the trades. This costs money as he has to pay the banks for the purchases, but he does not realize losses from the trades, only less profits.

This represents the system functioning ideally, but this seldom occurs. Market Makers tend to ‘piggy back’ on their clients’ deals, with the sole purpose of causing other clients to realize a loss, thus allowing the Market Maker to profit. In this manner, Market Makers are able to cover their clients’ trades without the need to purchase any additional currency from central banks, thus avoiding additional costs. Market Makers must be able to function in this manner as they represent large financial bases in the markets.

It is therefore important that you verify that a particular Market Maker is trustworthy. This way, you can rest assured that he does not deal unfairly and will not cause your profits to plunge. You need to be able to trust the Market Maker with whom you work, and if you enlist the services of a broker, you will need to verify the trustworthiness of the Market Maker whom the broker works with as well. Keep in mind that your broker often does not care if a Market Maker is trustworthy or not – he earns his profit either regardless. In reality, it is often impossible to truly determine if a particular Market Maker is trustworthy, but this does not mean you should not try. Here are some details that you could check:

Who exactly is the Market Maker?

Is it a recognized and trusted organization?

If you can, find out who his clients are.

Look for any praise or complaints clients may have about him.

Is there a regulatory body that supervises his actions?

How long has his tenure in the market been?

What is the stability level of his financial base?

At “FOREXBROKERS.CO.UK”, experts have already taken these various factors and more into account when we conducted our analyses of the various brokers, coming up with a list of the best and most trustworthy brokers whom you can entrust your money with. Despite this, it is still imperative that you ask questions to clarify your own doubts and so you have a better idea of exactly what kind of people you are doing business with. As you trade with your broker, the capital in your account may well grow to enormous proportions. The very last thing you would want to happen is for your broker to declare bankruptcy one day, leaving you with absolutely nothing to show for your time and effort. You should look out for some brokers who will offer bank guarantees for certain portions of your capital, such as guaranteeing every $10,000 dollars of capital in your account. While this may be a factor you wish to consider, it is definitely not important enough to be a deal-breaker in your decision-making process.

Trading Tools

A large variety of trading tools are available to help you in your trades, presenting you with a great many possibilities. As with everything else, you will find differences between individual brokers. Some brokers offer their clients many trading tools to help them trade while others only offer a limited set of tools. You should definitely take note of the tools that a particular broker is offering when deciding whether or not to engage their services. You should also take note of those brokers who offer trading tools free of charge and which ones will charge you a fee for the use of their trading tools.

Professional and Technical Support

Computers and computer programs are prone to failure – something most of us are probably familiar with. In the case of computer malfunction, it is vital that you know where to turn for help. Find out what forms of support are at your disposal, how you can contact them, and the operating hours of support services. Will you receive efficient and competent support or will it be inefficient and possibly result in financial losses on your part?

Is support available round-the-clock or only certain hours? If you are considering working with a broker or Market Maker from another country, then this is of particular importance to you. Working and trading hours are likely for them are likely to be different from those in your country. You may not always have access to a computer when you need it, so you need to find out if you can contact support services via the telephone.

Online articles and literature – reading various articles and financial literature can be useful in improving your trading. They will help refine your technique, making you more professional in trading, and if not, then at least provide you with a better understanding of the topic covered in the articles or literature.

Trading courses – Some brokers offer their clients trading courses to help them improve their trading technique. Are advanced courses available for more experienced traders as well? Some brokers will even facilitate meetings between individual traders so that they can exchange experiences and ideas, helping each other improve on their trading methods.

Surveys – Does your broker provide access to reviews and surveys from the most respected dealers in the industry? Reading reviews may open the door on transactions that you may not have thought of on your own or that you were previously apprehensive about conducting. You may find that this saves you a great deal of money in the future.

Trading alerts – Certain brokers provide clients with a computer program that alerts them when they should open a transaction, what currency pairs to trade, and also when profit goals or stop loss points are reached. This is particularly useful for traders just starting out, helping them react more quickly to the market in order to earn a profit. Even experienced traders make use of trading alert programs as these programs can help them earn greater profit and see opportunities that they might otherwise miss.

Trading Guides – Have you forgotten an important point about your chosen trading system? Or perhaps you are simply feeling somewhat lost? Do you need an in-depth explanation of the concept of volatility? Or perhaps you are simply looking to expand your knowledge about the world of trading and finance. The best brokers offer their clients access to guides on trading and other aspects of the financial universe.

Range of foreign currency pairs, shares and commodities – While every broker offers a variety of options when it comes to your trades, the range of options offered varies greatly. Some traders prefer to be involved only in the main aspects of a trade, making use of only the main trading options. Other traders may feel the need to control every aspect of their trades, in which case they need to make use of all the trading options being offered. If you are the latter type of trader, then you should definitely pick a broker who offers you a greater variety of trading options to choose from.

Language Support – In some cases, especially with brokers who are not from your country, information you require may not be in a language you understand. You should ensure that your broker will provide you with a trading program in your own language as well as have the contents of his site properly translated to your language, assuming you and your broker have different native languages. It is therefore important to find out if your broker’s website supports your native language and how well it does so.

On-line trading room – online trading rooms provide you with access to an experienced trader who will give you opinions and suggestions concerning the particular currency pairs you are interested in and what trading options are available for any trades you have in mind. He or she will also answer any questions that you may have about your own trades. This is an enormously beneficial tool that you should definitely make use of.

Coaching – Does your broker offer his clients personalized, effective coaching? Some brokers engage successful and experienced traders to take you through the process of learning to trade effectively and becoming a successful trader.

Bonuses, free gifts and other tempting offers – Brokers who want more than anything to attract you will go to great lengths to capture your attention. You should never take these offers at face value, however. Some brokers will even offer new clients gifts such as cell phones and even laptops. They may provide you with an incredibly sophisticated mobile trading program for use on your handheld computer. You will receive bonuses on all the initial capital you deposit in your account, and many other attractive offers. The bottom line, however, is simply not to allow yourself to be overwhelmed by these offers. On the other hand, you should not be suspicious of all offers either. The best thing to do is to verify anything that is offered ‘free of charge’ by your broker. If the broker himself suits your needs and wants, only then should you consider his offers. Your decision should never be based solely on the offers and benefits provided by a particular broker. You would hardly want to work with a bad broker simply because he gave a gadget for free. Your losses will almost certainly more than make up for the price of that gadget. Make sure your decisions are well-researched and based on the right factors.

Factors that Should Influence Your Choice of Trading Programs

Downloading a trading platform – Most brokers will require that you download a computerized trading platform in order to make use of their services. For those who are reluctant to introduce such software onto their computer systems, however, there are some brokers who allow clients to access their trading platform directly through their website, eliminating the need for clients to download any programs.

Usability – Some trading programs are inevitably more efficient than others. Some programs have been professionally designed, and are sophisticated and efficient while others are quite the opposite. Some traders prefer their trades to be simple and are satisfied with limited sets of trading tools, as long as they are able to open and close positions. Such traders really have no need for sophisticated trading programs. There is a difference between simplicity and efficiency, however. Some programs may be exceedingly simple yet difficult to make use of. For example, a program might require that you switch to a separate screen in order to view financial charts before switching back to the main screen in order to execute a trade. In trading where even split-second timing is critical, such delays switching screens may cost you your profits. This is particularly true in the case of traders who are Day Traders, operating on a SCALPING or short term basis.

Why should you settle for less though? Even for traders who prefer simple trading, having a sophisticated trading program is better. As an example, let us take one of the features available in more sophisticated programs that is usually absent in lesser programs. In a sophisticated program, all of the icons that you require in order to execute trades and access financial information are contained on the main screen. Switching between the graphs of separate currency pairs should be quick and efficient. You may also appreciate the ability to add new volatility indicators over time to augment your trading technique. As you gain experience as a trader, you may wish to start using more complex tools such as oscillators and various other tools that only sophisticated trading programs include. Some traders even prefer to make use of automatic trading templates that can be downloaded and installed on certain trading programs, allowing for automated trading. There really is no reason for you to settle for a broker who provides only a simple trading program when there are other brokers who provide efficient and sophisticated programs that can make your life as a trader much easier. Even if you do not need such a program right now, you may find yourself needing one later on in your trading career.

Also, keep in mind that sophisticated programs still allow you to make use of simple trading strategies as well as more complex trading systems. Simple programs, however, will not allow you to make use of complex trading systems. With more developed trading programs, you will be able to adjust your trading methods as you please, without the need to limit your trading strategies simply because of your trading program.

“Multi” programs – Once you have made the decision to make use of a sophisticated, professional program, why stop there? Many traders make use of one sophisticated program for trading foreign currencies, and then use another excellent program to manage stock trading. If you intend to trade in more than one type of financial instrument, then why not make use of a ‘multi’ program that will allow you to do all of that with a single program? While you may not wish to trade more than one financial instrument at the moment, you might decide to add commodities to your share trading in the future, for example. You will definitely benefit from having a single program that is able to handle all the different types of trading that you wish to engage in. This keeps your computer clear and free of clutter, as well as taking up less space on your computer’s hard drive. You also eliminate the need to move from one trading program to another when trading different instruments at the same time, a process that can be very confusing even for the most experienced traders. There is an emphasis in the trading world on speed and efficiency, and using a single program instead of many definitely will aid you in addressing that particular emphasis better.

At the end of the day, it is clear that you should search for a broker who will provide you with a trading platform that fits the criteria laid out above. A broker who is able to provide you with a trading program that, while being sophisticated, is able to handle multiple investment channels including shares, commodities, foreign currencies, and other financial instruments – all on a single trading platform.

This particular broker will mostely provide you with good conditions and many generous options. The broker offers a high leverage and a large number of currency paira as well as attractive spreads. The broker also provides a sophisticated and complex trading platform with a large number of foreign currency pairs that you can trade. You can also trade commodities, futures and indexes.

The broker is regulated. the process of opening an account is decent. New traders need to be very careful when trading with this particular broker. This broker is more suitable for more experienced traders. The broker does offer a DEMO account which will allow you to practice trading. However, the broker does not offer a MINI account. Your transaction must be a very large amount. This is a risky proposition for the novice trader and should be considered carefully in your decision making process when considering choosing this firm.

"Demo Trading" – Demo Trading is available for an unlimited amount of time. Score: 10

Initial Investment – It is impossible to open MINI accounts. In order to trade with a regular trading account you will need an initial deposit of at least five hundred dollars. Score: 7.7

Withdrawals and Deposits from an account – You can open an account easily over the internet. You can make deposits using bank transfer, PayPal or credit card. Score: 8.8

Spread – When it comes to spreads there is bad news and good news. It is possible to get a spread of .5 to 3 PIPS on main pair currencies. You will need to start a transaction with a LOT of ten dollars per every moment of a PIPS. Score: 8.5

Stop Point – You will need to ask the broker whether or not he guarntees a stop point and if that stop point is available under all market conditions.

Leverage – 1:500 Max. Score: 10

Interest – You will have to ask the broker whether or not he calculates the interests and if he does then under what conditions.

Regulation – The broker claims to be regulated by the Cyprus Foreign Currency Commission. This will give you a little peace of mind but there are much straonger institutes out there that will make you feel even more comfortable. Score: 7.5

Trading Tools:

Professional and Technical support – Support is available twenty four hours a day.

Professional articles, online tools and literature- Financial news is available.

Trading courses – No.

Market Surveys and Reviews – No.

Trading alerts -No.

Help guide for Traders – General terminology is available as well as information about possible trading opportunities.

Available Number of foreign currency pairs – Over one hundred and forty trading channels are available

Languages – Four different languages are available.

Online trading room – No.

Personal coaching – No.

Free Gifts and Bonuses – It is possible to trade using a mobile phone.

Trading platform – A downloadable trading platform is available that must be installed on a computer.

Trading program "friendliness" – MetaTrader 4 is offered by the broker. This first rate program is very easy to use. Score: 9.8

Advantages – The broker offers a DEMO account that can be used for an unlimited amount of time. the broker offers a large number of trading options including foreign currencies and commodities. You will be able to use the best trading program avilable today. You can open an account with ease very quickly. The broker offers decent spreads that are fairly attractice. It is possible to get a high leverage.

Disadvantages – It should be noted that you will have to rely on professionalism in order to success working with this broker. This is true because of the high leverage that is possible. You cannot allow yourself to get swept away. It should be noted that the trader will be supplied with limited trading tools. The broker does not offer anything besides financial news.

Brokers score: 8

Please note: that every commerical company, broker or business may decide to change their offers, conditions or terms at anytime. Therefore, when working with a broker or business you should check them to make sure that the information in this article is still valid.

The broker is not very well known having been founded sometime in 2005 but the broker does offer good services, many of the services are competitive in today's market. The offered are decent. However, the broker's main advantage is the conditions offered when opening a new account. You will be offered a bonus. You can make deposits using a number of different methods and you will also receive a high leverage. The broker provides a large number of trading tools the the broker provides the MetaTrader4 program.

"Demo Trading" – Demo trading is available for an unspecified amount of time. However, if you stop use of the account for a period of thirty days or more, your account will be closed. Of course, you can open a demo account again with relative ease. Score: 10

Initial Investment – $1 – It is possible to open upa MINI account for just one dollar. It is possible to deposit twenty five dollars which is enough to start trading using a regular account. Score: 10

Withdrawals and deposits from your account – Deposits and withdrawals are simple and fast. It is possible to open an account over the internet easily after reading and agreeing to the few terms and conditions. You will be able to deposit funds using seven different methods. You have fewer options to withdraw money from you account. You have to fill in forms the first time you want to withdraw money. It is guaranteed that withdrawn money will arrive in your account after twenty four hours of receiving your required information. Score: 9.7

Spread – 2 to 4 PIPS available on main currency pairs. You will need to ask to broker to see whether or not the spreads are fixed or if they change during the session of trades.

Stop Point – Clarify with the broker to see whether or not this is guaranteed. Also check to see if it is available under all conditions.

Leverage – You will receive a leverage of about 1:1 and up to 1:500 (!). Score: 10

Interest – You will need to ask the broker to determine if and under what conditions interest is calculated.

Regulation – This broker is regulated by BELVEDERE which is not really all that well known an institution. The financial based of this particular institute is unknown. Score 7.5

Trading Tools:

Technical and professional support – available 24 hours a day for five days a week.

Online tools, professional articles and literature – world clock and financial journals.

Trading courses – the broker provides a number of trading courses.

Market surveys and reviews – numerous reviews are available.

Trading alerts – available.

Help guide for traders – financial terminology guides.

Number of foreign currency pairs that are offered – The brokers offers a large number of currency pairs that is enough for many traders.

Languages – twelve languages are supported

Trading room online – available.

Personal coaching – no.

Free gifts and bonuses – You can receive up to a one hundred dollar bonus when you open an account. The bonus amount depends on your initial deposit amount.

Trading platform – You must download and install the trading problem on a computer.

Trading program "friendliness" – The "MetaTrader4" trading program is user friendly and upmarket. Score: 9.8

Advantages – You will have the ability to demo trade for as long as you want to. The broker also makes it possible to trade with a very small initial investment. You can easily open an account over the internet. You will also be able to deposit money using a number of different methods. It is possible to use a leverage of up to five hundred. The trading program provided by the broker is very user friendly. You will also be given a number of trading tools that can be using when trading. These tools will help improve your trading abilities.

Disadvantages – The broker has very few disadvantages. The disadvantages that the broker does have are very small.

The broker offers of a spread ranging from 2 to 4 PIPS on main currency pairs. While these spreads are competitive, it is possible to find competitors with better spreads.

The institution that regulates the broker is not really all that well known. There are better regulators out there.

Brokers score: 9.5

This broker is considered average and has no obvious faults. However, the broker really doesn’t offer anything special either. The broker offers several trading platforms. All of these platforms require that they be installed onto your PC. No matter what your trading style is, one of the platforms will be what you are looking for. The broker provides benefits, conditions and trading tools that are just normal. You will be able to hone your trading skills using the DEMO program when you are trying to decide whether or not you want to do business with this broker. If you decide that you want to do business with this broker then you can start a mini account or a standard account. You should think about any questions you want to ask before hand so you can ask them to the broker’s representative. You will need to do this because some of the information isn’t available on the site.

“Demo Trading” – You will be offered Demo trading for a ninety day period Score: 7

Initial Investment – For an initial investment of two hundred and fifty dollars you can start a mini account. You will be required to make an initial investment of at least two thousand dollars in order to start a standard account. Score: 8

Withdrawals and deposits from your account – Starting an account is simple and convenient. You can deposit money using a number of online methods including PayPal. It is also possible to deposit funds using a credit card, cash transfer or bank transfer. You will need to talk with the broker about transfers. Score: 9

Spread – You will receive a spread of around 2 to 5 PIPS on major currency pairs. Score: 8

Stop Point – It is important to check with the broker to see if he does offer a stop point and whether or not it is guaranteed under all kinds of market conditions.

Leverage – Check with the broker to find out what leverage he offers on mini accounts and standard accounts.

Interest – Check with the broker to see whether or not he calculates interest and if so under what conditions.

Regulation – Ask the broker if he is regulated. If he is then ask by what body.

Trading Tools:

Technical and professional support – Available 24 hours a day.

Literature, on-line tools and professional articles–Financial journal, financial news, MetaTrader4 trading program for your mobile phone.

Trading courses – A number of online trading courses are available.

Market surveys and Reviews – Yes.

Trading alerts – None.

Traders help guide – Available.

Range of foreign currency pairs offered – A total of twenty one pairs of foreign currency are offered.

Languages – Ten different languages are supported.

On-line trading room – Not available.

Personal coaching – Not available.

Bonuses and free gifts– It is possible to trade using your cell phone. The broker will also hold trading competitions among his clients. One certain days the offer will give three percent on deposits or upon opening new accounts.

Downloading trading platform – There are several platforms offered. All of them need do that be downloaded and even installed on your computer.

Trading programme “friendliness” – Each one of the trading programs offered are good. However some are a bit better than others. Each trading program is suitable for a specific kind. of trader and trading strategy. Regardless of what kind of trader you are, you will find that one of the programs right for you is. Score: 9.8

Advantages – The broker’s biggest pro is the number of trading platforms that are made available. Each trader will find a trading program that suits their preferences. People who are forced to travel each day will be able to find a program that fits their lifestyle. This broker will offer many different trading tools that are sufficient for even the most experienced traders to help reach decision about positions. The broker provides traders with many different ways to deposit funds into their trading accounts.

Disadvantages – The initial investment required to start an account is relatively small but you can find other brokers who will allow you to start trading at a lower cost. The broker offers a nice spread but it is possible to find brokers that offer better spreads. The biggest disadvantage for this broker is his demo program which is limited to ninety days. This isn’t always enough time to learn how to trade. You should consult the broker’s representative before doing business with them to decide whether or not the broker will be able to meet all of your needs and expectations.

Brokers score: 8

Note: it is possible for a commercial company, business or broker to change their offers, conditions and terms from time to time. The broker may also change the bonuses that they offer to their traders. Therefore you should consult with the broker before making a decision.

This is one of the biggest and strongest brokers currently on the market. The broker claims that he does not use “Dealing Desk” which makes it so that there are no conflicts of interests involved when doing business with him. When working with this broker you get a true scenario since the broker is not inclined to play with your money when you’re opening positions.

When working with this broker, you will be given a number of options to choose from to help you manage your trading account. You will not be limited to having a dollar based account only. You will be able to choose from a number of different currency options when managing your account. You will also be able to choose between a number of different trading platforms. This will allow you to find the particular platform that suits your needs best.

Some of the platforms will require you to download and install them onto your computer while others can be access and used over the internet without download or installation. Almost all of the platforms available are easy and simple to use and they are sufficient for all traders. Some of the platforms offer more features than the others but regardless you have to option to choose between the different platforms. You can also work with the MetaTrader4 program which is a highly professional trading program.

Since the broker had a strong financial strength and works with a high volume of trading, he has a good close relationship with four large banks to provide you with better trading conditions. The broker still must follow the normal laws and regulations that govern trading.

Demo Trading

The broker offers their clients the possibility of learning how to trade by using a Demo account for an unlimited period of time. This will allow you to experiment and develop your trading skills with no financial risk and no profit. The broker offers several different account types along with the DEMO account. The broker offers traders with a mini account which requires a small initial investment of twenty five dollars. For two thousand dollars you can start a regular account. You can also open an active account by starting with twenty five thousand dollars. Keep in mind that each of the account types have a different possibility for leverage and profits. You will be given access to number of different trading tools depending on which kind of account you go with. Investing a higher amount entitles you to receive better conditions. Score: 9.8

Initial Investment

You can start trading for a little as twenty five dollars which will open you a mini account. The other account types will require you to make a minimum investment of two thousand dollars. Score: 9

Withdrawals and deposits from your account

In order to open an online account you will have to fill out forms. The amount of forms you have to fill out is reasonable. Although the process isn’t the fastest, it won’t cost you too much of your time. You can transfer funds into your account using a bank transfer or credit card. You can withdraw money directly to your bank account. Score: 8

Spread

The amount that is invested into your trading accounts will determine your spread. The more you invest the better your spread will be. The PIPs can range from two to five for major pairs of foreign currency in a small account. A much larger account will receive better conditions. It is possible for a large account to receive .1 PIPs to 1.9 PIPs for main foreign pairs. It should be noted that the spread is not a fixed amount. Score: 9.7

Stop at Point

Although the broker does guarantee a stop at point, it does not cover every market condition.

Leverage

Depending upon the type of account it is between 1:200 to 1:400 Score: 8

Interest

You interest will be determine by your open transactions. The broker will receive better interest rates because of the scope of his transactions as well as his capital base. This will be passed onto you.

Financial Agreements

The broker claims that he has agreements with four major banks in Hong Kong, the United States, the United Kingdom and Canada under the regulation and supervision of the CFTC and NFA. Score: 9.5

Tools that are available to traders

As mentioned above, you will have more tools to use by making a larger investment.

Technical and Professional support – available 24 hours a day.

Professional literature, on line tools and articles – financial data and a financial log.

Trading courses – You will be able to choose from a number of courses about foreign currency trading.

Reviews and surveys – there are a few options available.

Trading Alerts – You will receive free trading alerts after an account is opened with the broker.

On-Line Help – The brokers provides traders with a glossary of trading terminology online.

Range of currency pairs – The broker offers thirty different foreign currency trading pairs.

Languages – Ten languages are supported.

On-line trading room – There is no online trading room available but the broker can be contacted when you need information.

Coaching – no provision.

Bonuses & other offers

The broker does not offer any bonuses. It should be mentioned that the broker offers a great spread instead. The broker also provides a very high rate of interest.

Downloading a trading platform

The type of account that you decide to open will determine what trading platform you will use. In some situations a trading program does not have to be installed while other times you will have to install a trading program.

Ease of use of the Trading program

You will have a several trading platforms to choose from. All of the platforms are very easy to use and master but some of them are easier than others. The MetaTrader4 is among the better platforms available with this particular broker. The program is highly professional yet easy to use and learn. Score: 9.8

Pros

The broker had a strong relationship with many major banks.

When you trade with this broker you will receive flexibility in most areas that will allow you to trade easier. It also allows you to manage your account more efficiently.

The broker provides a very good spread. Even people who open a small account will be given a better spread than what is offered by most other brokers.

You will get the exact spread even when trading not so attractive foreign currency pairs.

Cons

The broker offers no other investment channels as he deals only in foreign currencies.

You can open an account in a decent period of time.

You will be offered a limited number of deposit methods. The range of foreign currency pairs is also limited. There are other brokers that offer a large range of currency pairs but what is offered is usually sufficient for the majority of dealers.

Overall score for this broker: 9.5

FOREXYARD is a broker that facilitates trading in forex as well as silver, gold, and oil commodities. ‘DEMO’ accounts are available for those not confident enough to risk real money yet.

With real accounts, money can be deposited in them by means of a bank transfer or with a credit card. You could even have 10% or a maximum of $1000 added to your account if your deposit is sizable enough. You can trade with a maximum leverage of 1:200, and the interest you pay will be based on your open positions on the overnight rollover to the next trading day. While you will not find much to distinguish this broker from the others, there are a few features and tools for trading that you might not be able to find offered elsewhere.

“Demo Trading” – Yes. Without restrictions. Score: 10

Initial Investment – Minimum deposit of $100 to open a “MINI” account. A “Premium” account is also available. Score: 9.5

Withdrawals and Deposits from your account – All deposits can be made through bank transfer or with credit cards. The process of opening an account is simple and you merely need to fill out several forms – the process is entirely online. Withdrawals: direct to the bank account of your choosing. Score: 8.5

Spread – Main currency pairs – 3 – 4 PIP spread. Spread is fixed regardless of market conditions.

Stop Point – Clarify details with the broker before an account is opened.

Leverage – 1:200. Score: 7.5

Interest – Calculation of interest is based on any open positions held that rollover to the next trading day.

Trading Tools:

Technical and professional support – Comprehensive 24-hour support.

Literature, on-line tools and professional articles –Financial and news articles.

Trading courses – Offers a trading course, which is complimentary when opening an account with a minimum deposit of $5000.

Market surveys and reviews– Daily reports on the financial world.

Trading alerts – None.

Traders help guide – Limited to explanations of trading terminology.

Range of foreign currency pairs that are offered – 14 foreign currency pairs and gold, silver and oil commodities.

Languages – Support for 14 different languages.

Trading room online – None.

Personal coaching – None.

Free gifts, bonuses and other “goodies” – Trade using your mobile phone. 10% bonus up to a maximum of $1000 on your initial deposit.

Downloading trading platform – Yes.

Advantages – Comprehensive round-the-clock support, “DEMO” trading, multiple language support and a complimentary trading course with a minimum deposit of $5000 plus a 10% account bonus.

Disadvantages – Run of the mill broker who doesn’t offer anything special. Limit on leverage may not be high enough for your trading needs.

Brokers score: 8.5

Note: as is the case with any business or commercial enterprise, brokers occasionally do alter current offers, terms and conditions and any bonuses being offered to clients. For this reason, when attempting to choose any broker in particular, it is highly recommended that you verify that current offers are still the same as those mentioned above.

This particular broker offers several alternatives when it comes to trading accounts. The platforms offered by this broker are easy to work with and tend to be very effective. You will have to use the mouse a lot whenever you are trading but not too much. It is possible to trade on the graph. The broker claims that the program goes is thoroughly checked and is backed up making it a bug free and stable trading platform. It is possible to trade in a wide range of currency pairs with competitive spreads. You will receive more trading tools are you deposit more money. You can open a trading account over the internet in about ten to fifteen minutes. Starting an account is easy but you will be required to provide a number of personal details.

“Demo Trading” – There are three different types of “DEMO” accounts available. The first option will let your practice your trading skills while trying to decide whether or not you want to start a “MINI” account. The 2nd DEMO account is a little different. It allowed you to experiment and determine whether or not you want to start a standard account. The third account is available for people who want to start an account where they transactions will be automatic. The third account allows transactions to be made easier by automatic orders that given by the program itself depending on market conditions. Score: 9.5

Initial Investment – People who want to start a MINI account will have to deposit at least two hundred and fifty dollars. Opening a standard account will cost you at least two thousand five hundred dollars. It should be noted that the leverage and number of trading tools that available to you will be determine by the type of account that you’ve opened. Score 8

Withdrawals and deposits from your account – It can take some time to open an account. Opening an account is done over the internet. You will be required to entire a number of personal details when opening a new account. You can make deposits using a credit card. You will have to ask the broker’s representative to determine what you need to do to withdraw funds from your account. They will be able to tell you how long it will take and how it is done, and the incurring commission. Score: 8

Spread – The spreads that are offered by this broker are competitive and sometimes attractive. They are normally in the range of one to one point eight for the major currency pairs. The offered spread on less popular pairs are also very competitive but high than the popular pairs and lower than what is offered by competitors in the market. Score: 9.2

Stop Point – The broker will guarantee a stop point on those transactions that have a volume about two million dollars. The program is very fast which creates a possibility for small variations under rapidly altering market conditions but usually lesser. You will need to ask the broker whether or not he will offer a stop point under several different types of market conditions.

Leverage – When starting a MINI account it is 5% or 1:200 of the volume of your account. And when you start a standard account it will be 1% or 1:100 of the volume of your account. Score: 7.5

Interest – Clarify with the broker.

Trading Tools: The trading tools that will be available to you will be determined by the size of your account when you open it. The more money you deposit, the more tools will be available to you.

Professional and technical support – 24 hours a day.

Professional articles, Literature and on-line tools –live broadcasts carried out with professional traders.

Trading courses – Online courses are available as well as a 5 hour workshop with the purpose of exchanging strategies.

Market surveys and reviews– Daily as well as weekly interviews and Real time analytical reviews.

Trading alerts – Done using an automatic trading account.

Languages – 5 languages are supported.

Range of foreign currency pairs offered – 37

On-line trading room – It is possible to consult with the broker’s representatives regarding trading alternative.

Personal coaching – None.

Bonuses and free gifts– You can trade using a laptop computer or a cell phone.

Downloading trading platform – The trading platform will very depending on how you intend to trade. It is possible to trade without having to install anything on your computer. In some situations though installing a program on your computer will be a requirement. It is a good idea to check the broker’s website to understand the differences between the two options.

Trading program “friendliness” – A number of different programs are available. These programs are very similar in quality and efficiency but are different enough to be suitable for trading style. There are three different DEMO programs. One is available for a MINI account, one for a standard account and one DEMO account is available that is capable of using an automatic trading strategy. The broker can adjust the program if you decide to trade on a laptop or mobile phone. You can also trade on the broker’s site without having to install a program. You can also use the “MetaTrader4” program. Regardless of which program you use, you will notice that they are all comfortable to work with. Score: 10

Advantages – This particular broker is regulated by a stronger financial body. It is possible to use efficient, sophisticated and comfortable trading platforms. There are a wide range of options available to you. You will be able to find the right options to suit your trading habits. You will be offered a decent amount of trading pairs and low competitive spreads.

Disadvantages – Some people will find that opening an account can be a bit bothersome. You will have to provide a number of person details. You will have to put down more money to open a MINI account than you would with some other brokers. When you start a MINI account, the tools that you will receive will be limited. You have to deposit a large sum of money in order to receive access to all of the tools offered by the broker. Experienced traders with an established strategy might not find the leverage that the broker offers satisfying. Brokers score: 9

Note: from time to time a business, commercial company or broker will change their terms, offer and conditions. They may also change the bonuses that they offer to their clients. This makes it necessary to check with the broker to determine their current terms and bonuses as they could vary from what is mentioned in this article.

This particular broker is most suitable for people who like to do everything over the internet including opening an account and depositing money online. You also won’t have to download or install the trading program on your computer. The broker will offer you a solid trading basic with a number of basic options such as spreads, options and trading tools that will help you with the decision making process. The trading program allows everything to be done over the internet. The broker is regulated. It is possible to open a trading account with a very small deposit. This is only alternative offered since the broker does not offer “DEMO” trading.

“Demo Trading” – This is not offered by the broker.

Initial Investment – You will be required to make a deposit of at least twenty five dollars. This is not what you would refer to as a MINI account as this particular broker only offers a regular account. It is possible to practice live with a very small investment but your breathing space with such a small amount of money is very limited. It will become a problem very quickly. Score: 9

Deposits and withdrawals from your account – The process of opening an account is pretty simple and opening an account can be accomplished over the internet. There are a wide range of possibilities that you can use to deposit funds. You can also deposit funds via bank transfer and credit cards. Nearly identical possibilities are available for withdrawals. Score: 9.5

Spread – The broker will give you a spread of two to five PIPS for main currency pairs. You will only get this if you make a large deposit into your trading account. You will need to bargain with the broker’s representative in order to determine the spreads that he will offer you. This will be determined by the amount that you are willing deposit on your account. The more you deposit the lower your spreads will be. The less you deposit the higher your spreads will be. It should be noted that all spreads are not fixed under all market conditions. Score: 7.5

Stop Point – Check with the broker to ensure that he guarantees a stop point and whether or not it is guaranteed under all market conditions.

Leverage – 1:100. A transaction must be guaranteed by at least a 1% deposit. Score: 7.5

Interest – This is calculated for you on open transactions. (Rollover).

Regulation – The broker claims to be regulated by “Finexo Global Investments”. Score: 8

Trading Tools:

Technical and professional support – Available 24 hours a day.

Literature, professional articles and on-line tools – None available.

Trading courses – None.

Reviews and market surveys – A range of reviews is offered.

Trading alerts – None.

Traders help guide – None.

Range of foreign currency pairs offered – More than forty five foreign currency pairs are offered by the broker.

Languages – Nine languages are supported.

On-line trading room – None.

Personal coaching – None.

Bonuses, free gifts and other “goodies” – It is possible to trade via your mobile phone. There are some bonuses that are offered but they are liable to change at any time. Right now, the broker is offering a ten percent bonus on money deposited when first opening an account up to a maximum of five hundred dollars.

Downloading trading platform – No. Everything is done on-line at the broker’s site.

Trading programme “friendliness” – The program is very basic. A technical trader will find a few disadvantages with this program. The program is missing analytical tools and the program it not comfortable to work with. Score: 7

Advantages – The broker offers many advantages for people who like to do everything online. People who prefer to trade in rare currency pairs will likely be able to find what they are looking for with this particular broker. The broker claims to be regulated by a well known and respected company. Although it is no recommended, you can open a trading account with a small initial deposit.

Disadvantages – The program allows for solid trading but it is cannot be used comfortably. Virtual trading is impossible and no MINI account is available. You can always trade with a live small account but this will leave you with very little breathing room on open transactions therefore restricting your options. The spreads offered initially by this particular broker are not very competitive and can be quiet expensive if you decide to open a small account. The trading tools offered by this particular broker are very basic and are not sufficient enough for a novice Forex trader.

Brokers score: 7.5

Please note: that a business, commercial company and broker can change their terms, offers and conditions from time to time. They may also change their bonuses at any time. Therefore, you should check with the broker before making a decision to determine whether or not the information within this article is still valid.

This broker has many different branches and is well established and known all around the world. This broker has a prestigious profile which is often visible and noticeable by higher costs. The company is traded on the OTCBB stock market. The company operated under the FSA. The FSA monitors the company. The broker claims that the monitoring process is facilitated every hour.

This broker offers broad foreign currency pair ranges as well as a number of different commodities, shares, indexes, futures and option. It is possible to open a new account with a small initial investment. Very little paperwork is needed to open an account. When opening a new account you have several options to choose from including DEMO, MINI, BETTING SPREAD and VIP. The trading platform is capable of providing you with access to all trading channels and investments without the need to install anything on your computer. Most people will be able to comfortable use the trading platform.

“Demo Trading” – Demo trading is available but for only three days. You can contact a company representative to get it extended every three days. You can also try asking to have the DEMO trading period extended for a long period of time. As long as you are capable of convincing the person in charge that you are in fact a very serious trader then he should allow you to have an extended period of DEMO trading time. It should be noted that the spread you receive with the DEMO account will be lesser than the spreads that you receive when starting a “live” account. You can increase the spread by making a large deposit. If you put down a large amount of money you will gain a VIP status which carries benefits into your spread. Score: 8

Initial Investment – There is an initial deposit required to start a MINI account of two hundred dollars. You will need at least a ten thousand dollar initial investment to open a normal account. It is possible to negotiate with the broker and convince him that you’re a professional and he might allow you to have cheaper spreads when opening an account with less than ten thousand dollars. If you open an account with a larger deposit then you will receive VIP status. You will need to clarify this with the broker. Score: 8.7

Withdrawals and deposits from your account – You can make deposits using a credit card or via bank transfer. The process of starting an account is a rather simple process. Score: 8.5

Spread – When opening a MINI account you will notice that your costs will be higher. They will be between 5 to 6 PIPS for main currency pairs. A normal account will let your trade with a spread somewhere between three to 5 PIPS for currency pairs. If you trade on a regular basis then you might even get less. It should be noted that spreads can easily change at any point in time during any transaction. Spreads can change depending on the demand for a particular currency. Score: 8.5

Stop point – Most of the time, a broker will guarantee a stop point. There are times when a broker will have to refuse your request to refund your funds that were lost because of a transaction that was closer at a lower rate than agreed on. These situations including fluctuating market conditions and also in “GAP” situations, which include differences in exchange rate.

Leverage – 1:100 with the possibility of 1:200. Score: 8

Interest – Clarify with the broker.

Regulation – “FINOTEC TRADING UK", which is the broker’s parent company, trades on the stock market and is regulated by the FSA. This particular trading program is linked to twenty six European and American banks. This gives quotes that are highly credible.. The broker will also provide insurance in a sum up to fifty thousand UK pounds. Score: 9.3

Trading Tools:

Technical and professional support – Available 24 hours a day.

Trading courses –Courses that are offered online.

Reviews and market surveys – You will receive daily as well as weekly foreign currency reports, financial news, a financial journal and comprehensive financial analyses.

Trading alerts – You can receive warnings a change occurs in market trends.

Range of foreign currency pairs being offered – Thirty two foreign currency pairs are available by the broker. You can also trade in a different commodities, options, indexes futures and shares. It should be noted that all options might not be available in every single channel. However, you can trade in each area with a number of options which means there is a number of popular possibilities.

Languages – Eleven languages are supported.

On-line trading room – The traditional methods are not available but you can contact the broker of the broker’s representative to see what options and alternatives he has to offer.

Personal coaching – You can get personal coaching if you deposit a certain amount of money into your account.

Bonuses, goodies and other free gifts– When you first open an account you will be able to trade for a period of time with no spread at all.

Downloading trading platform – You do not have to download or install a trading program on your pc.

Trading program “friendliness” – The trading program is multi functional allowing you to trade in a range of investment channels including foreign currencies, commodities and shares on the same platform. The program can be used very comfortably. There are of course more comfortable programs out there. The program is very sophisticated and allows you to quickly and easily produce graphs that include details that are easily understandable. You might not be able to find the analytical tools that are available in some programs, most of them are available in this programs. Score: 8.8

Advantages – The broker is established and well respected. The broker is capable of protecting your money from crashes and collapse. The broker will allow you to invest in a number of choices other than only Forex on the same platform. This platform is quite convenient and offers you almost all of the solutions that you will need to trade well. You will also receive tools that available only with this broker. People who feel that aesthetics are important will love this platform because it is capable of providing excellent visual images. You will receive access to a range of tools that will help you with the decision making process.

Disadvantages – People who are new to trading or are looking to start small will find this broker to be a bit expensive. It is possible to start a “MINI” account. However, this broker is more satisfied with the wealthier and more established traders. This doesn’t necessarily give you a reason to not to choose this broker. This broker provides a good trading platform but there are better platforms out there that offer extra functions that are not available with this particular broker.

Broker Score: 9.2

FINEXO is well known and is a veteran who caters primarily to experienced traders because the broker demands a very large initial deposit. The broker claims to provide a unique trading platform which is different from anything available on the market.

FINEXO doesn't offer "DEMO" accounts to review the program. If you would like an opinion you will have to seek reviews from a current user. It is also possible to open "Learning accounts" for $25 which allows you to check out the platform. This broker provides spreads that are very profitable; however, these spreads are sometimes provided with a low profit margin.

The broker is regulated giving you a sense of security when trading. You can open an account quickly and easily and you will have several options to use to deposit funds. This will provide you with some flexibility. You can easily make withdrawals from accounts. The process is not really complicated. You will be required to fill out a few forms in order to verify your identity when first requesting a withdrawal. You will also be shown how much you will have to pay to transfer money during the entire withdrawal process.

"Demo Trading" – There is no "DEMO" option available. However it is possible to start trading using a subsidiary of this broker for only twenty five dollars. With this account type you will receive a level of up to 1:100. Score: 7

Initial Investment – The broker doesn't offer you the option of opening a MINI account. If you happen to decide to create a trading account with him, you will have to deposit at least $50,000. Score: 6

Withdrawals and deposits from your account – In addition to the normal process, such as bank transfers and credit card, you can also transfer money using a number of online options including Money Brokers, PayPal and more. The withdrawal and deposit procedures are very easy and quick. This applies to both deposit and withdrawal transactions.. Score: 9.8

Spread – Spreads usually range from 3 to 5 PIPS for main currency pairs. You can sometimes find a spread of 2 PIPs on Euro Dollar currency pairs. Score: 9

Stop point – You will need to ask the broker whether this is guaranteed and if it is whether or not it is applied to fixed spreads.

Leverage – Normal accounts receive a leverage of 1:200. Score: 7.5

Interest – You will want to ask the broker.

Regulation – "Saxo Bank" which a leading European trading bank. Score: 8.5

Trading Tools:

Technical support – You will have access to support service twenty four hours a day.

Articles written by professionals and online literature – daily recommendations.

Trading courses – no.

On-line tutorials for the trader – You will receive basic trading information as well an online trading terms dictionary.

Range of foreign currency pairs, commodities, indexes and shares – Fifty foreign currency pairs.

Languages – Thirteen languages are supported.

On-line trading room – none.

Personal coaching – none.

Bonuses, free gifts and other incentives – You can trade using your cell phone.

Trading platform – if you decide to work with him, you will to ask him whether you will have to install a program on a computer. It is possible to open an account for twenty five dollars to get hands on experience with the program. You can also ask someone who has used the problem before about it.

Advantages – If the broker is accurate and forthright when he claims that he provides a first rate program with no other programs like it on the market, then it would appear that the programs advantages are the flexibility offered to you. You will receive many options when it comes to withdrawals and deposits from your account, the number of currency pairs that are available to trade in. The fact that he is regulated by respected bank is a great thing.

Disadvantages – many of his advantages will not directly influence the quality trading you have. The broker provides trading tools that are far from the best. These tools will likely not help your trading any. The broker's most obvious disadvantage is the lack of a DEMO account. The large initial deposit is also a major disadvantage.

Broker's score: 8