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Institutional Forex Brokers
A list of on-line institutional Forex brokers which are
backed by solid and respected off-line companies - such as banks or financial
institutions. Usually such Forex brokers are highly regulated and very reliable.
FXCM:
| Company: | Forex Capital Markets
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| On-line since: | 1999
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| Regulation: | Registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
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| Payment options: | On-line checks, bank wire, paper checks and credit cards
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| Minimum account size: | $300
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| Minimum lot size: | 0.1 lot
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| Spreads: | 2-3 pips on EUR/USD
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| Rating: | 10.0/10.0 with 1 total votes - Rate FXCM Broker:
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| Reviews: | Read or write a review on FXCM broker
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| Categories: | Forex brokers with advanced platform, Institutional Forex brokers
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Advantages:
- Unique trading software
- Great user support
- Training courses available
- Access to DailyFX.com
Disadvantages:
- No MetaTrader 4 software support
Click here to open an account with FXCM
Saxo Bank:
Advantages:
- Unique trading software
- Very solid company
Disadvantages:
- Very high margin requirements
- Opening an account is a complicated process
Click here to open an account with Saxo Bank
GFT Forex:
| Company: | Global Futures & Forex, Ltd.
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| On-line since: | 2001
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| Regulation: | Registered with the Commodity Futures Trading Commission, is also a member of the Australian Securities and Investments Commission (ASIC), an independent Australian government body that regulates financial markets, securities, futures and corporations since January 1991.
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| Payment options: | Credit cards, eCheck, PayPal, bank wire and paper checks
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| Minimum account size: | $250
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| Minimum lot size: | 0.1 lot
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| Spreads: | Variable (3 pips average) on EUR/USD
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| Rating: | Unrated - Rate GFT Forex Broker:
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| Reviews: | Read or write a review on GFT Forex broker
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| Categories: | Forex brokers with advanced platform, Institutional Forex brokers, PayPal Forex brokers
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Advantages:
- Unique trading software
- Ability to trade with really huge amounts of money
- Free Forex training
- More than 60 currency pairs
- Leverage up to 1:400
Disadvantages:
- Variable spreads can be quite high
- Opening an account is a complicated process
Click here to open an account with GFT Forex
Forex.com:
Advantages:
- Web based trading platform available
- Free news stream and real-time alerts
Disadvantages:
- No MetaTrader4 software support
- Opening an account is a complicated process
- Some countries and states are not allowed to open accounts
Click here to open an account with Forex.com
ACM:
Advantages:
- Java-based and Flash-based trading platforms
- Integrated live news feed
- Regulated by Swiss Federal Department of Finance
Disadvantages:
- No MetaTrader4 software support
- Opening account is a complicated process
- Browser based platform
- No mini Forex accounts
Click here to open an account with ACM
Deutsche Bank FOREX:
| Company: | Deutsche Bank AG
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| On-line since: | 2006
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| Regulation: | Authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervising Authority) and with respect to UK commodity derivatives business by the Financial Services Authority; regulated by the Financial Services Authority for the conduct of UK business, a member of The London Stock Exchange and is a stock corporation incorporated in the Federal Republic of Germany HRB No. 30 000 District Court of Frankfurt am Main; Branch Registration No. in England and Wales BR000005, Registered address: Winchester House, 1 Great Winchester Street London EC2N 2DB.
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| Payment options: | Bank wire
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| Minimum account size: | $5,000
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| Minimum lot size: | 1 lot
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| Spreads: | 3 pips on EUR/USD
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| Rating: | Unrated - Rate Deutsche Bank FOREX Broker:
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| Reviews: | Read or write a review on Deutsche Bank FOREX broker
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| Categories: | Forex brokers with advanced platform, Institutional Forex brokers
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Advantages:
- Unique trading software
- Great user support
- Operated by one of the most trusted world banks
Disadvantages:
- No MetaTrader4 software support
- Opening an account is a complicated process
- No mini Forex accounts
Click here to open an account with Deutsche Bank FOREX
CMS Forex:
| Company: | Capital Market Services, LLC
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| On-line since: | 1999
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| Regulation: | Registered Futures Commission Merchant (FCM) and a Forex Dealer Member (FDM) of the National Futures Association (NFA) (Member ID: 0313199), registered with the Commodity Futures Trading Commission (CFTC) of U.S. and the Financial Services Agency (FSA) of Japan.
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| Payment options: | Bank wire, BPS, credit cards, PayPal, on-line check and paper checks
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| Minimum account size: | $200
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| Minimum lot size: | 0.1 lot
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| Spreads: | 3 pips on EUR/USD
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| Rating: | 5.0/10.0 with 1 total votes - Rate CMS Forex Broker:
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| Reviews: | Read or write a review on CMS Forex broker
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| Categories: | Institutional Forex brokers, PayPal Forex brokers
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Advantages:
Disadvantages:
- No MetaTrader4 software support
Click here to open an account with CMS Forex
Interactive Brokers:
| Company: | Interactive Brokers Group, LLC
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| On-line since: | 1998
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| Regulation: | Regulated by the SEC, NASD, NYSE, SFA and other regulatory agencies around the world.
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| Payment options: | Bank wire, checks and on-line check
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| Minimum account size: | $5,000
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| Minimum lot size: | 1 lot
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| Spreads: | ECN broker - 1 (or lower) on EUR/USD
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| Rating: | Unrated - Rate Interactive Brokers Broker:
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| Reviews: | Read or write a review on Interactive Brokers broker
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| Categories: | Forex brokers with web platform, ECN Forex brokers, Forex brokers with advanced platform, Institutional Forex brokers, Forex brokers with CFD trading
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Advantages:
- ECN Forex broker - low spreads, perfect market conditions
- Repuatable company
- Universal account for Forex, Stock, Futures and Options trading
Disadvantages:
- No MetaTrader4 software support
- No demo account
- No mini Forex accounts
Click here to open an account with Interactive Brokers
MB Trading:
| Company: | MB Trading Futures, Inc. (MBTF) and 3DForex, LLC
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| On-line since: | 2002
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| Regulation: | Commodity Futures Trading Commission (CFTC) registered Futures Commission Merchant (FCM) and a member of National Futures Association (NFA).
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| Payment options: | Bank wire
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| Minimum account size: | $400
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| Minimum lot size: | 0.1 lot
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| Spreads: | ECN broker - 0.5 pips average on EUR/USD
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| Rating: | 6.3/10.0 with 3 total votes - Rate MB Trading Broker:
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| Reviews: | Read or write a review on MB Trading broker
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| Categories: | ECN Forex brokers, Institutional Forex brokers
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Advantages:
- ECN Forex broker
- Low, floating spreads
- Supports trading over the phone
Disadvantages:
- Commissions for trading
- No MetaTrader 4 software support
- Opening an account is a complicated process
- Residents of some countries can't open account
Click here to open an account with MB Trading
ECN broker:
| Company: | DTSecurities.at GmbH, Austria
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| On-line since: | 2004
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| Regulation: | Member of NFA and registered with CFTC.
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| Payment options: | Bank wire
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| Minimum account size: | $200
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| Minimum lot size: | 0.1 lot
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| Spreads: | 3 pips on EUR/USD
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| Rating: | Unrated - Rate ECN broker Broker:
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| Reviews: | Read or write a review on ECN broker broker
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| Categories: | Institutional Forex brokers
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Advantages:
- Regulated broker with low minimum account ($200) and high leverage (1:400)
- Additional trading services (stocks and futures)
Disadvantages:
- No Metatrader 4 software support
Click here to open an account with ECN broker
Dukascopy:
Advantages:
- ECN Forex broker
- Low spreads
- A respected Forex company
- Advanced trading platform
Disadvantages:
- No mini Forex account
- Opening an account is a complicated process
- Very high minimum account size
Click here to open an account with Dukascopy
RCG fxtrader:
Advantages:
- Very respectable company
- Futures trading is available
Disadvantages:
- No Metatrader 4 software support
- Opening an account is a complicated process
- No mini Forex accounts
Click here to open an account with RCG fxtrader
Trade at Man:
Advantages:
- Solid financial company
- Futures and options trading is available
Disadvantages:
- No Metatrader 4 software support
- Opening an account is a complicated process
- Low leverage - 1:40
- No mini Forex accounts
Click here to open an account with Trade at Man
IG Markets:
Advantages:
- Solid financial company
- Web based trading platform
- CFD and metals trading is available
Disadvantages:
- No Metatrader 4 software support
- Low leverage - 1:50
Click here to open an account with IG Markets
IFX Markets:
| Company: | IFX Markets, Inc.
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| On-line since: | 2002
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| Regulation: | Registered with CFTC and a member of NFA (ID:0327627).
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| Payment options: | Wire transfer and checks
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| Minimum account size: | $500
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| Minimum lot size: | 0.1 lot
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| Spreads: | 2 pips on EUR/USD
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| Rating: | Unrated - Rate IFX Markets Broker:
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| Reviews: | Read or write a review on IFX Markets broker
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| Categories: | Institutional Forex brokers
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Advantages:
- Solid financial company
- Forex trading contests
Disadvantages:
- No Metatrader 4 software support
- Trading fees ($1.25 per 10,000 lot traded)
Click here to open an account with IFX Markets
Synthesis Bank:
Advantages:
- Swiss registered bank
- Futures, stocks and bonds trading available
Disadvantages:
- No Metatrader 4 software support
- No mini Forex accounts
- Limited demo account (20 days)
Click here to open an account with Synthesis Bank
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