Forex Broker, how to chose ?

Forex, marché des devises Forex (foreign exchange), currency  trading Forex Forex Forex

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Select a forex broker

Expérience and reputation

Trading platform

Account type

  • Mini accounts : choose a mini account if you are new to the forex market. Beware : the leverage is often higher than standard account. The contract size is 10,000$
  • Standard accounts : Standard accounts are for experienced investors. The deposit is higher than Mini accounts but the leverage is lower. Contract size is often 100,000$

Commission free

Most of forex brokers offer commission free trading. Only fews brokers invoice a commission on mini account.

Spread

The spread could be important if you make very short term trades with few pips movements. The spread could be negociate with the forex broker.

Leverage

I respect a strict money management, in order to limit the risk the leverage should be lower than 10. All of the forex brokers offer more than 20:1 or 50:1 leverage. This is not a real advantage.

[Full Economic calendar]

Other tools

Mataf provides currency conversion tool (currency converter based on exchange rate). You can also fin the currency correlation, pivot points, economic calendar or volatility tool. We want to give you the best information for your trading.

Mon, 12 May 2008 04:13:43 +0200
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