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DETAILED LIST OF ONLINE FOREX BROKERS

ARE ALL FOREX BROKERS CREATED EQUAL

FOREX TRADING BROKER SYSTEMS

TIPS FOR CHOSING THE BEST FOREX BROKER 

FOREX TRADING - BROKERS= ENEMY

CHOSING A GOOD FOREX BROKER

In other to trade forex effectively, you need to be careful of the broker of your choice to avoid frustration. A list of brokers has been identified but you need to do your homework based on location, alright? Nice reading!
These are a list of the ten(10) best forex brokers as listed by clients. A list of all the forex brokers are also given for choice and sake of locality
(The number in parenthesis behind the broker name is their independent trader rating)
Dukascopy Swiss FX(8.69)
Headquarters: Geneva, SwitzerlandFounded: 1998
Business Model: ECNForex Online Since: 2004
Regulated by: ARIFPlatform: Swiss FX Marketplace
Minimium Account: $50,000Typical Spread on Majors: 0.5-1 pip
Minimum Transaction: 1,000,000 unitsMaximum Leverage: 100:1

Delta Stock(8.49)
Headquarters: Sofia, BulgariaFounded: 1998
Business Model: Market MakerForex Online Since: 2001
Regulated by: FSA, FSC, BNB, & CNVMPlatform: Delta Trading
Minimium Account: $100Typical Spread on Majors: 3–5 pips
Minimum Transaction: 1000 unitsMaximum Leverage: 200:1

HotSpot Fx(8.00)
Headquarters: Jersey City, NJ, USAFounded: 2000
Business Model: ECNForex Online Since: 2000
Regulated by: NFA, CFTCPlatform: HotSpot FXr
Minimium Account: $7500Typical Spread on Majors: 1-3
Minimum Transaction: 100,000 unitsMaximum Leverage: 50:1

Alpari IDC(7.66)
Headquarters: London, UKFounded: 1998
Business Model: Market MakerForex Online Since: 2004
Regulated by: FSA, CFTC, NFAPlatform: Meta Trader 4
Minimium Account: $200Typical Spread on Majors: 2-4 pips
Minimum Transaction: 1000 unitsMaximum Leverage: 100:1

MG Financial Group (MG Forex)(7.64)
Headquarters: New York, NY, USAFounded: 1992
Business Model: Market MakerForex Online Since: 2000
Regulated by: CFTC, NFAPlatform: Dealbook Web
Minimium Account: $200Typical Spread on Majors: 3-5 pips
Minimum Transaction: 10,000 unitsMaximum Leverage: 400:1

EFX Group(8.95)
Headquarters: Scottsdale, AZ, USAFounded: 2002
Business Model: ECNForex Online Since: 2004
Regulated by: NFA,CFTCPlatform: EFX Navigator
Minimium Account: $400Typical Spread on Majors: 0.5-3 pips
Minimum Transaction: 1000 unitsMaximum Leverage: 100:1

Windsor Brokers,Ltd.(8.73)
Headquarters: Limassol, CyprusFounded: 1998
Business Model: Market MakerForex Online Since: 2005
Regulated by: FSA, CySECPlatform: Windsor Direct 4
Minimium Account: $300Typical Spread on Majors: 2-5 pips
Minimum Transaction: 10,000 unitsMaximum Leverage: 200:1

MB Trading(7.92)
Headquarters: El Segundo, CA, USAFounded: 1999
Business Model: ECNForex Online Since: 2004
Regulated by: CFTC, NFA, FCM, SPIC, FINRAPlatform: MBT Navigator
Minimium Account: $400Typical Spread on Majors: 1-2 pips
Minimum Transaction: 1000 unitsMaximum Leverage: 100:1

Questrade Inc.(7.67)
Headquarters: Toronto, ON, CAFounded: 1999
Business Model: Market MakerForex Online Since: 2004
Regulated by: IDA, CIPFPlatform: QuestradeFX
Minimium Account: $250Typical Spread on Majors: 3-5 pips
Minimum Transaction: 10,000 unitsMaximum Leverage: 200:1

Oanda(6.38)
Headquarters: New York, NYFounded: 1996
Business Model: Market MakerForex Online Since: 2001
Regulated by: NFA, CFTCPlatform: FXTrade
Minimium Account: $1Typical Spread on Majors: 1-3 pips
Minimum Transaction: 1 unitMaximum Leverage: 50:1

Interactive Brokers(6.99)
Headquarters: Greenwich, CT, USAFounded: 1977
Business Model: ECNForex Online Since: 1998
Regulated by: SEC, NASD, NYSE, SFA, FINRAPlatform: Trader Workstation
Minimium Account: $5000Typical Spread on Majors: 1-3 pips
Minimum Transaction: 100,000 unitsMaximum Leverage: 50:1

For detailed and complete listings of online forex brokers, Click Detailed list of online brokers