Online Foreign Exchange Brokers | SigmaForex
An online forex broker is a firm that
facilitates retail trading using Internet technologies. Sigma Forex Trading (SIGMAFOREX),
one of the popular online FX brokers. It provides retail traders with a free
demo trading account, allows users to open a live account, gives live help, and
allows viewing of account documents. Gain Capital Group's Online Forex offers
200:1 leverage. In some cases, the total return on investment is higher due to
leverage. For example, with $1000 cash in a margin account, the investor can
control up to $200,000 in notional value. Of course, trading on leverage
magnifies both the investor's profits and losses. GCI Financial Ltd. offers commission-free
online trading in FX market. GCI offers Internet trading software, fast and
efficient execution, and 0.5% margin requirements.
This broker offers USD or
Euro denominated trading accounts. The spreads are 3 pips in EUR/USD and
USD/JPY, and are 4 to 5 pips for other major commissions. Clients can hedge by
opening positions in the same currency in opposite directions. Risk to the
investor is limited to the deposited funds. Market analysis and research, real-time charts,
and forex trading signals are available at no charge.ACM, part of the REFCO
group, offers 3 pip spreads on all major currencies, which works out to between
0.02% and 0.03% on the dollar value. They also offer commission-free trading,
and FX trading with a 1% margin, which means that a trader can control
$1,000,000 with $10,000 in his account.
There are many online foreign exchange brokers that offer free demo accounts for potential FX traders to practice trading. It is only a matter of registering and starting demo trading to get a feel for FX trading. In addition, at most sites, traders can find free FX news to assist them with their trade strategies
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