Forex Trading Brokers

Forex Trading Brokers

FEATURED FOREX BROKER : FXCM

fxcm

FXCM Inc. (NYSE: FXCM), is a leading world-wide provider of foreign exchange trading (currency trading) and related services to retail and institutional customers. FXCM, founded in 1999, was the first forex broker to list on the New York Stock Exchange, making us a market leader in transparency and financial stability. Serious traders expect their orders to be filled quickly, at the best price available, and nothing less. This is what FXCM delivers.

We fill your order at the best available price at the time the No Dealing Desk receives it. Read More

Following is the list of forex trading brokers which are known to support fully automated forex trading. You can click on the cells in the account columns (Demo, Mini and Standard) to open the corresponding account type with the broker of your choice. For complete details on how to autotrade your own currency trading system through any of the forex trading brokers listed below please visit the automated forex trading page.

Name Max. Leverage Spread on Majors Demo Account Mini Account Standard Account
FXCM  200:1  3-5 pips Mini or Standard $300 $2,000
FOREX.COM  200:2 3-4 pips Mini or Standard $250 $2,500
Oanda 50:1 2-4 pips Open No minimum (Custom Lot Size)
Interbank FX  100:1 2-3 pips Open $250 $2,500
GFT 400:0  3-5 pips Open $250 $2,500
MBT Trading  100:1 1-2 pips Open $400 N/A
CMS 400:1 3-4 pips Open $200 $200
Interactive Brokers  50:1 1-3 pips N/A N/A $5,000

Note: Trading on a demo account is a great way to familiarize yourself with a forex broker's trading platform, to master the mechanics of order placement and to test your forex trading system - without risking any money. However, if you wish to prepare yourself psychologically for the trading, you should open a real trading account - preferably a Mini (it offers more flexible risk control than a Standard account). Trading with virtual money on a demo account should be limited in time, so that you do not start real trading with unrealistic assumptions about your ability to handle your emotions (as this skill does not get fully tested when you trade on a demo). However, if you are planning to autotrade your strategy, you shouldn't worry about the emotional aspect of the forex trading; the demo account is ideal for testing the trading setup before you start automated trading with the real money.