In forex trading there's a few brokers that stand out from the rest and they are SaxoBank and Gain Capital Trading.
Both are big brokers and the market with their backs to the wall.
Both offer trading in stocks, bonds, derivatives, commodities and forex.
Both have great customer support and reliable and advanced trading platforms.
So is there really any reason not to choose one of them as your forex broker? Well, do you have $100,000 to deposit, because that's the kind of money you need to trade directly with either broker at decent rates.
Saxobank offer a forex account with only $ 2000, but you pay so much in fees and expenses, which probably will not be able to deal with this amount trading.
Gain Capital requires $100,000 to open a trading account.
They have also performed on Forex.
com, which has a much smaller minimum deposit (only $250), but they don't seem to be popular with traders online.
Too expensive.
The thing is, these two brokers are aimed at institutional and professional traders.
They are not aimed at small private operators.
In fact, you could get the impression that the high minimum deposits and fees is a deliberate attempt to discourage smaller investors and focus on the big players.
Nothing wrong with that, of course,.
It just doesn't help you.
But where do you go when you do not have the money? C is a lot of brokers available.
If you read reviews online then there's two things you're invariably going to run into: The very positive and the very negative reviews.
Forex market is very competitive and even if you can not really be proved, would not be too difficult to believe that some forex brokers spend their marketing budgets on reputation management! Also, remember that things probably not as bad or as good as the critics claim.
To find the top forex brokers, you'll have to try for yourself.
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