For FOREX Trading in the US, I use Zecco Forex. Awesome Broker.
Setup a free $50,000 demo account in 5 minutes. Sign Up Here...
About RBS (Royal Bank of Scotland Group) and ABN AMRO Marketindex Forex Broker
ABN AMRO Marketindex Forex Broker (under the Royal Bank of Scotland Group) based in The Netherlands, and is currently regulated by several governments across the globe. ABN AMRO Marketindex Forex Broker is definitely not a scam, as they are owned by one of the most trustworthy financial organizations in the world. Currently, ABN AMRO Marketindex Forex Broker does not accept customers outside the following countries: Switzerland, Germany, United Kingdom and Austria.
ABN AMRO Marketindex Forex Broker only has a Java-based trading platform available, which is good for those who often travel a lot and use different gadgets in trading. But it is noted that Java trading platforms are normally unstable and performance heavily depends on the traffic of the website, so freezes are not at all surprising. News trading is not allowed by ABN AMRO Marketindex Forex Broker.
Basic Broker Details
| Site | http://marketindex.rbs.com/ |
| Country of Origin | The Netherlands |
| Accepted Deposit Modes | Wire transfer |
| Withdrawal Method | Wire transfer |
| Leverage | 1:50 |
| Regulation Body | Different governments worldwide |
| Spread | 1 pip (EUR or USD) |
| Minimum Account Requirement | £1 |
Pros of ABN AMRO Marketindex Forex Broker
* Under a very reputable financial institution
Cons of ABN AMRO Marketindex Forex Broker
* Complicated account opening and citizenship restrictions
* Java platform which often freezes
* News trading not allowed
{ 0 comments }
About LiteForex Forex Broker
LiteForex Forex Broker is an unregulated, Cyprus-based company. They have been conducting online operations since 2004, and their mother company Is Straighthold Investment Group Incorporated. LiteForex Forex Broker accepts many payment options, namely Moneybookers, Liberty Reserve, AlertPay and WebMoney. Take note that PayPal, admittedly the most popular mode of online payment, is not accepted by LiteForex Forex Broker.
LiteForex Forex Broker’s minimum account requirement is $1, which is good, although it is quite clear that not much trading can be done from that amount. LiteForex Forex Broker is definitely not in the top of their game, as they are receiving a lot lukewarm reviews from current to previous clients, certainly not a good situation for an online brokerage company.
LiteForex Forex Broker is, as of July 2009, not considered a scam. However, they surely need to improve their customer service and server performance, as a lot are complaining about how the customer care is not the best out there, and how the server of LiteForex Forex Broker often slows down activities.
Basic Broker Details
| Site | http://www.liteforex.org/ |
| Country of Origin | Cyprus |
| Accepted Deposit Modes | Bank transfer, Moneybookers, Liberty Reserve, AlertPay and WebMoney |
| Withdrawal Method | Bank transfer, Moneybookers, Liberty Reserve, AlertPay and WebMoney |
| Leverage | 1:50 up to 1:500 |
| Regulation Body | Not regulated |
| Spread | 3 pips (EUR or USD) |
| Minimum Account Requirement | $1 |
Pros of LiteForex Forex Broker
* Managements seems to be trying hard to clean their name publicly by sending representatives to public forums online
* Many modes of payment
Cons of LiteForex Forex Broker
* Reports of slow withdrawals
{ 0 comments }
About Admiral Markets Forex Broker
Admiral Markets Forex Broker is a Russian company, and is not regulated by any financial body. This forex broker has been trading online since 2002. They only have two funding and withdrawal options, which are WebMoney and the usual bank transfer. Not surprisingly, Admiral Markets Forex Broker only requires $10 to open an account.
However, there are a lot of unsatisfied clients from Admiral Markets Forex Broker. Some customers report that they forwarded money to open an account with Admiral Markets Forex Broker, however the company representatives claim that they did not receive any deposits. This is not to say that Admiral Markets Forex Broker is a scam, for at this moment there is no proof that their operations are entirely bogus. We recommend that you take caution before you decide to forward your money to Admiral Markets Forex Broker.
Basic Broker Details
| Site | http://www.fxservice.com/ |
| Country of Origin | Russia |
| Accepted Deposit Modes | Bank transfer, WebMoney |
| Withdrawal Method | Bank transfer, WebMoney |
| Leverage | 1:200, 1:100, 1:50, 1:10 |
| Regulation Body | Not regulated |
| Spread | 2 pips (EUR or USD) |
| Minimum Account Requirement | $10 |
Pros of Admiral Markets Forex Broker
* Very low minimum account opening
* MetaTrader 4 support
Cons of Admiral Markets Forex Broker
* Needs to work with customer confidence
{ 0 comments }
About Forex Ukraine Forex Broker
Forex Ukraine Forex Broker started their online operations in 2002. They are not regulated by any financial body, and they require clients to only pay $200 for their initial deposits. Forex Ukraine Forex Broker is not very active online, as they do not offer any online promotion (as of June 2009) to entice new clients. They also have some negative reviews on a few forums and websites. The management of Forex Ukraine Forex Broker could have fixed this through representatives, in order to change the bad reviews.
They are a MetaTrader 4 forex broker, and offers pips of 3 pips. They also have demo accounts available, but due to the lack of reviews of Forex Ukraine Forex Broker, it is yet to be confirmed if the demo and real account have noticeable discrepancies.
Basic Broker Details
| Site | http://www.forexua.com/ |
| Country of Origin | Ukraine |
| Accepted Deposit Modes | Bank transfer, Moneybookers, PayPal, WebMoney, Privat24 |
| Withdrawal Method | Bank transfer, Moneybookers, PayPal, WebMoney, Privat24 |
| Leverage | 1:25, 1:50, 1:100 |
| Regulation Body | Not regulated |
| Spread | 3 pips |
| Minimum Account Requirement | $200 |
Pros of Forex Ukraine Forex Broker
* MetaTrader 4 support
Cons of Forex Ukraine Forex Broker
* Not much online presence
{ 0 comments }
About ODL Markets Forex Broker
ODL Markets Forex Broker started their online operations in 2004. They are regulated by some of the most popular financial authorities in the world, including the London Stock Exchange, Financial Services Authority, Options Exchange and London International Financial Futures.
ODL Markets Forex Broker has quite a few reviews all over the Internet, and it is safe to say that most of their clients are not happy. There are some issues that need to be solved right away by this broker, but two of the more important issues are its customer service and unclear policies. A lot of current (and ex) ODL Markets clients claim that the customer service leaves a lot to be desired, and they often get charges that are not clear as to why they were filed in the first place. Withdrawals are also reported to be a problem, a sure way to lose clients and future investors.
Basic Broker Details
| Site | http://www.ODLmarkets.com/ |
| Country of Origin | United Kingdom |
| Accepted Deposit Modes | Bank transfer, any major debit or credit cards and paper checks |
| Withdrawal Method | Bank transfer, any major debit or credit cards and paper checks |
| Leverage | 1:100 |
| Regulation Body |
|
| Spread | 2 pips (EUR or USD) |
| Minimum Account Requirement | $1,000 |
Pros of ODL Markets Forex Broker
* MetaTrader 4 support
Cons of ODL Markets Forex Broker
* Poor customer service
* Hidden charges
{ 0 comments }
About Forex Trading Edge Forex Broker
Forex Trading Edge Forex Broker started their online operations in 2007. They are based in the USA, and are associated with Forex.com, which is under GAIN Capital Group, one of the most dominant and experienced online forex brokers in the industry. Although Forex Trading Edge Forex Broker is not regulated by any financial body, their mother company is a registered Futures Commission Merchant (member #0339826).
Forex Trading Edge Forex Broker seems to have issues regarding customer service, as there are a lot of negative reviews on how the clients were treated. As always, clients do not like the idea of third parties having access to their account, which is very understandable.
Basic Broker Details
| Site | http://www.forexte.com/ |
| Country of Origin | USA |
| Accepted Deposit Modes | Bank transfer, any major credit or debit card, paper checks |
| Withdrawal Method | Bank transfer, any major credit or debit card, paper checks |
| Leverage | 1:200 max |
| Regulation Body | None (associated with Forex.com) |
| Spread | 2 pips (EUR or USD) |
| Minimum Account Requirement | $250 |
Pros of Forex Trading Edge Forex Broker
* MetaTrader 4 Forex Support
Cons of Forex Trading Edge Forex Broker
* Reported bad customer service
* Citizens from the following countries cannot open an account: Afghanistan, Burma (Myanmar), Cote d’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Former Liberian Regime of Charles Taylor, Iran, Iraq, Libya, North Korea, Sudan, Syria, Unita (Angola) and Zimbabwe
{ 0 comments }