Online Broker Comparison

Beginner Questions
1

Hi Hi

I have done a little bit of research on different broker; comparing their spreads, funding methods, whether they offer micro accounts and whether they are registered with any authority or not.

Personally, i have used PFG Fx; it’s good and the spread doesn’t increase over news but the spreads are a bit too high compare to others. Furthermore, PFG Fx is not regulated by any authority and it’s kinda risky.This leads to my first question whether regulated or not, does it matter? I see a lot of online broker are not regulated by any authority.

I just found out the Activ Trades is reasonably good;Firstly they offer micro account; they offer free mobile trading; the spreads are reasonably low and it’s regulated with FSA. But sadly they do not allow funding and withdrawer in Credit Card.

BTW should you have any comment and any recommended broker; please feel free to post it.

Regards
Jimmypippy

2

There is a really good Forex Broker Comparison table included on this website, at the top of the page go to Tools, Forex Broker Guide… if you haven’t found that already.

Personally I have been using Interbank FX for my demo account since February and I’m fairly happy with it. I used a few other brokers and I didn’t like it as much. Maybe it is just the MT4 trading platform I like. The only problem I’ve had is that since I started trading in February, maybe 5 or 6 times there have been instances where I was unable to log into my account for about an hour at a time. 2 or 3 times I was unable to make a trade.