Tuesday, April 28, 2009

Forex trading platform

There seem to be hundreds of trading platform out there, and when i first got to know FX trading the first question in my mind is which platform to use.... lucky i got some "teacher" from terraseeds where i attend my FX course told me what to look for.... I will review on some of them,
like IG, CMC, GFT and CITY INDEX let just start with these four of them.

Please note that you can sign up for a demo account from any of the broker

I will start with GFT platform first.

gft

They have 3 platform application base, web base and mobile base, i have only tried their web base thereform i can only review on that....

deal1

deal2

deal3

deal4

GFT have the cleanest outlook of all the no nonsense forex only interface (GFT currently only have forex trading) let user easily add and remove pairs from their watchlist. They have most of the needed window like price, pending orders, open orders, charts and alerts nicely fitted into ur main window.

To edit orders is also a breeze click on the open order and set ur limit, stop or oco from there, but it seem like you would need to open a postion before u can edit ur stop which can be dangerous during heavy trading hours.

As for the spread, they have quite similar spread as other brokerage... 1 for Euro... 2 for Yen... 2 for Sterling... 2 for Swiss but note they do not have a fix spread... i was also told althought they do not have fix spread but their spread have been quite constant over the years

Another point to take note is that they do not have mini contact, and they stop at 2 decimal place it mean that ur profit will only be in round figure like $1 or $2.

But GFT got Kathy Lien as their spoke person this a real big plus... her class and insight of the market is really very enriching...

1 comment:

  1. Nice information. I enjoyed reading this blog and is very informative. Thanks for sharing
    UFX reviews

    ReplyDelete