LIST OF REVIEWED BROKERS.
Mbtrading.com
MB Trading, member FINRA/SIPC, is an affiliated introducing firm for MB Trading Futures, Inc. (MBTF). MBTF is a registered FCM with the CFTC and is a member of the NFA. MBTF provides retail off-exchange foreign currency execution services through MB Trading.
Spread as low as 1 pip
leverage. 100:1
Over 2o currency pairs
24 hour trading day
Free live quotes
Minimum : $400
Interbankfx.com
Founded in 2001, Interbank FX operates according to industry standards and is a registered Futures Commission Merchant (FCM) regulated by the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).
- Standard Accounts $2,500
- Mini Accounts $250
- Gcitrading.com
GCI Financial Ltd is regulated by the International Financial Services Commission (IFSC) for trading in financial and commodity-based derivatives and other securities, including foreign exchange. The IFSC’s strict requirements include capital adequacy, reporting and record keeping, and proper disclosure and conduct with clients.
-trade over 20 currency pairs,gold,S&P 5oo
-upto leverage 200:1
-commission free trading
3-5pips spread on all majors
Minimum: $300
Northfinance.com
-located in belize cyprus
-online presence since 2001
2-3pip spread on all majors
-leverage 1:1 to 1;500
Minimum:$100
Wndsorsbokers.com
Windsor is an International Financial Services Company licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and EEA Authorized by FSA (The Financial ServicesAssociation– UK). It is a long established company with a proven record of integrity and good client service. It is a principal broker and market maker.
minimum:$500
Forex.com
FOREX.com is a division of GAIN Capital Group, LLC, one of the most respected online forex trading firms in the industry. The company’s flagship service, GAIN Capital, is used by institutional investors, professional money managers and experienced day traders from over 140 countries. GAIN Capital Group is pleased to offer individual investors access to its award-winning trading platform and professional-level services via FOREX.com.
FOREX.com is a registered Futures Commission Merchant (NFA ID #0339826) and a member of the National Futures Association. As an FCM, FOREX.com is regulated by the Commodity Futures Trading Commission (CFTC), must uphold the highest standards and business practices and is subject to strict financial requirements and reporting.
2-4pip spread
leverage 200:1
mimimum: $250
METATRADER4 FOREX BROKERS
A list of Forex brokers which support Metatrader 4 Forex trading software as a primary Forex trading platform. Metatrader 4 allows Forex traders a very flexible trading
environment including Forex trading automation with MT4 expert advisors.
LiteForex
Company: Straighthold Investment Group Inc.
On-line since: 2004
Regulation: Registered resident of the British Virgin Islands, according to the terms of the International Business Companies Act (Chap. 291).
Payment options: WebMoney, e-gold
Minimum account size: $0.01
Minimum lot size: 0.001 lot
Spreads: 3 pips on EUR/USD
Advantages:
· Metatrader Forex broker
· e-gold and WebMoney deposit/withdraw method
· Very low minimum deposit to start trading
Disadvantages:
· No important disadvantages
Visit www.lite.org to open an account
FXcast:
Company: FXcast
On-line since: 2005
Regulation: Unregulated
Payment options: e-gold, WebMoney, E-bullion, E-Dinar, c-gold, Liberty Reserve, wire transfer and credit cards
Minimum account size: $1
Minimum lot size: 0.01 lot
Spreads: 1 (one!) pip on EUR/USD on Swing platform, 3 pips on EUR/USD on MT4 platform.
Advantages:
· Metatrader 4 Forex broker
· 1 pip spread for EUR/USD for FXcast Swing platform.
· Start trading with as little as 1$
· e-gold, E-bullion, WebMoney, E-Dinar, c-gold, Liberty Reserve and wire transfer deposit/withdraw options
· Leverage from 1:25 to 1:400
· Muslim friendly Forex broker
· Allows exchanges from e-gold to WebMoney and Liberty Reserve
Disadvantages:
· No important disadvantages
Visit www.fxcast.com to open an account
NorthFinance
Company: North Finance Company Ltd
On-line since: 2001
Regulation: North Finance is registered in Belize. It operates within the financial market in accordance with The Memorandum of Association and Articles of Association, which was granted to the company by Belize International Business Companies Act.
Payment options: Wire transfer
Minimum account size: $100
Minimum lot size: 0.1 lot
Spreads: 2 pips on EUR/USD
Advantages:
· MetaTrader 4 Forex broker
· Really fast and responsive support
· Variable leverage from 1:1 to 1:500
· No overnight interest for Muslim Forex traders
Disadvantages:
· No important disadvantages
Visit ww.northfinance.com to open an account
Alpari
Company: Alpari Limited
On-line since: 1998
Regulation: Authorised and regulated by the Financial Services Authority. FSA Register number 448002.
Payment options: Bank wire
Minimum account size: $200
Minimum lot size: 0.01 lot
Spreads: 2 pips on EUR/USD
Advantages:
· MetaTrader 4 Forex broker
Disadvantages:
· No important disadvantages
Visit www.alpari-idc.com to open an account
Interbank FX
Company: Interbank FX
On-line since: 2001
Regulation: Registered Futures Commission Merchant (FCM), registered with the Commodity Futures Trading Commission (CFTC).
Payment options: Bank wire, credit cards, check
Minimum account size: $250
Minimum lot size: 0.1 lot
Spreads: 2 pips on EUR/USD
Advantages:
· MetaTrader 4 Forex broker
· Really low spreads
Disadvantages:
· Opening an account is a complicated process
Visit www.interbankfx.com to open an account
Direct Forex
Company: Direct Forex, LLC
On-line since: 2005
Regulation: Registered Futures Commission Merchant (FCM), a member of the National Futures Association (NFA ID# 0351765) and is regulated by the Commodity Futures Trading Commission (CFTC).
Payment options: Bank wire and checks
Minimum account size: $500
Minimum lot size: 0.1 lot
Spreads: 3 pips on EUR/USD
Advantages:
· MetaTrader4 Forex broker
· Mobile trading supported
Disadvantages:
· Opening an account is a complicated process
X-Trade Brokers
Company: X-Trade Brokers S.A.
On-line since: 2006
Regulation: Regulated by the Securities and Exchange Commissions of European Union.
Payment options: Bank wire
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Spreads: 3 pips on EUR/USD
Advantages:
· MetaTrader4 software support
· Supports trading over the phone
· Muslim Forex broker
Disadvantages:
· No mini Forex accounts
· Opening an account is a complicated process
Visit www.x-trade.biz to open an account
Tadawul FX:
Company: Tadawul FX SA.
On-line since: 2006
Regulation: Registered with ARIF (Association Romande des Intermédiaires Financiers) – a Swiss organization against money laundering, is also audited by Swiss financial auditor VERIFID.
Payment options: Bank wire
Minimum account size: $1,000
Minimum lot size: 0.1 lot
Spreads: 3 pips on EUR/USD
Advantages:
· Islamic Forex broker
· MetaTrader4 Forex broker
· Registered with very serious regulation authorities
· Mobile trading supported
Disadvantages:
· Opening an account is a complicated process
Western Capital Forex
Company: Western Capital Forex S.A.
On-line since: 2005
Regulation: Registered with OAR-G – a Swiss self regulated financial organization.
Payment options: Bank wire and PayPal
Minimum account size: $5,000
Minimum lot size: 1 lot
Spreads: 2 pips on EUR/USD
Advantages:
· MetaTrader 4 Forex broker
Disadvantages:
· No mini Forex accounts available
· Opening an account is a complicated process
Visit www.westcapfx.com to open an account
Real Trade
Company: Real Trade Group
On-line since: 2003
Regulation: Unregulated
Payment options: e-gold, WebMoney and wire transfer
Minimum account size: $20
Minimum lot size: 0.01 lot
Spreads: 3 pips on EUR/USD
Advantages:
· e-gold deposit/withdraw method
· Metatrader Forex broker
Disadvantages:
· No important disadvantages
Crown Forex
Company: Crown Forex SA
On-line since: 2004
Regulation: Affiliated with the self-regulatory ARIF association.
Payment options: Wire transfer
Minimum account size: $300
Minimum lot size: 0.1 lot
Spreads: 1 pip on EUR/USD
Advantages:
· Metatrader Forex broker
· Low spreads
Disadvantages:
· Opening an account is a complicated process
· Limited use of Metatrader expert advisors
MIG Investments
Company: MIG Investments SA
On-line since: 2005
Regulation: Audited by KPMG and regulated by the Swiss Federal Department of Finance, while also being a member of ARIF.
Payment options: Wire transfer
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Spreads: 2 (1 for institutional accounts) pips on EUR/USD
Advantages:
· Metatrader Forex broker
· Competitive spreads
· Shares its profit with UNICEF
Disadvantages:
· Opening an account is a complicated process
SNC Investments
Company: SNC Investments, Inc.
On-line since: 2005
Regulation: Registered with Commodity Futures Trading Commission (CFTC) and a member of National Futures Association (NFA), NFA ID #0328909.
Payment options: Checks, wire transfer and BPS
Minimum account size: $500
Minimum lot size: 0.1 lot
Spreads: 2 pips on EUR/USD
Advantages:
· Metatrader Forex broker
Disadvantages:
· Opening an account is a complicated process
IKON GM – Royal Division:
Company: IKON GM – Royal Division
On-line since: 2006
Regulation: Regulated by the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) as a registered Futures Commission Merchant (FCM) (NFA ID #0327622).
Payment options: Wire transfer and credit cards
Minimum account size: $500
Minimum lot size: 0.1 lot
Spreads: 3 pips on EUR/USD
Advantages:
· Metatrader 4 Forex broker
· Muslim friendly Forex broker
Disadvantages:
· Opening an account is a complicated process
ODL Securities
Company: ODL Securities Limited
On-line since: 2004
Regulation: Regulated by Financial Services Authority. It is a member of the London Stock Exchange and London International Financial Futures and Options Exchange (Euronext.LIFFE).
Payment options: Wire transfer, credit cards and checks
Minimum account size: $2000
Minimum lot size: 0.1 lot
Spreads: 2 pips on EUR/USD
Advantages:
· Metatrader 4 Forex broker
Disadvantages:
· No important disadvantages
Neuimex
Company: Neuimex Direct Dealing S.A
On-line since: 2005
Regulation: Registered on British Virgin Islands.
Payment options: WebMoney and e-gold
Minimum account size: $400
Minimum lot size: 1 lot
Spreads: 3 pips on EUR/USD
Advantages:
· e-gold and WebMoney deposit options
· Metatrader 4 Forex broker
· Futures trading is available
Disadvantages:
· No important disadvantages
Swissnetbroker
Company: Finex Group GMBH
On-line since: 2005
Regulation: Regulated as a Financial Intermediary under Swiss Federal Law, regulated by PolyReg, FINEX Group is overseen by the Federal Department of Finance in Switzerland.
Payment options: Bank wire
Minimum account size: $200
Minimum lot size: 0.1 lot
Spreads: 3 pips (0 pips on ECN) on EUR/USD
Advantages:
· Metatrader 4 Forex broker
· Advanced trading platform (Currenex) available
· ECN trading services available
Disadvantages:
· Opening an account is a complicated process
FIBOGroup
Company: Fibo Group Switzerland AG.
On-line since: 2004
Regulation: Unregulated
Payment options: Bank wire and VISA credit cards
Minimum account size: $300
Minimum lot size: 0.1 lot
Spreads: 3 pips on EUR/USD
Advantages:
· Metatrader Forex broker
Disadvantages:
· No important disadvantages
FXDD
Company: FXDD
On-line since: 2002
Regulation: Unregulated
Payment options: Bank wire, check, PayPal and BPS
Minimum account size: $500
Minimum lot size: 0.1 lot
Spreads: 2 pips on EUR/USD
Advantages:
· Metatrader Forex broker
· Two custom platforms are also available
Disadvantages:
· No important disadvantages
iTradeFX
Company: i-TradeFX, LLC
On-line since: 2004
Regulation: Registered Futures Commission Merchant (FCM), a member of the National Futures Association (NFA) (Member ID# 0367140) and is regulated by the Commodity Futures Trading Commission (CFTC).
Payment options: Bank wire, credit cards and check
Minimum account size: $300
Minimum lot size: 0.1 lot
Spreads: 3 pips on EUR/USD
Advantages:
· Metatrader 4 Forex broker
· Custom trading platform available
Disadvantages:
· Limited demo account period
ActiveTrades
Company: ActivTrades Ltd
On-line since: 2004
Regulation: Regulated and authorised by the Financial Services Authority.
Payment options: Bank wire and credit cards
Minimum account size: €250
Minimum lot size: 0.1 lot
Spreads: 2 pips on EUR/USD
Advantages:
· Metatrader 4 Forex broker
· Multiple custom trading platforms available
· Java platform available
Disadvantages:
· Limited demo accounts
Boston Trading and Research
Company: Boston Trading and Research, LLC
On-line since: 2007
Regulation: Unregulated
Payment options: Bank wire, check, credit cards and PayPal
Minimum account size: $500
Minimum lot size: 0.1 lot
Spreads: 3 pips on EUR/USD
Advantages:
· MetaTrader 4 Forex broker
Disadvantages:
· Not very informative web site
Please Note:We are not recommending any broker neither do we intend to do so but we are just making a review of them in order to assist you in choosing any of your choice.
