There are two most common ways of choosing a Forex broker: 1) Simplified or “lazy way” — which is to read broker reviews, and based on stars and feedback make a choice. There will be no guarantee, however, that a 5 star rated broker will be the best choice for your trading needs, or that […]

This material is a courtesy and copyright of OANDA broker. OANDA’s response is displayed below each question. Understand your broker’s prices and business model before sending them your money. Ask these questions — and consider the answers carefully — to know if the broker you are considering is the right one for you. 1. How […]

The material has been sent us by one of the traders, who wished to share few simple steps to get around re-quotes. Courtesy of Babypips Forum. I’ve read some reviews of IBFX by people who don’t understand what a requote/ offqoute is. What it is, is that since you are entering your exit manually the […]

QUICK SUMMARY “Margin Call” vs “Stop Out level” When the broker says that Margin Call = 100%, this means that Margin Call = 100% and Stop Out level = same 100% of the Required Margin This means that once your Account Equity = Required margin x 100% you’ll get a Margin Call and immediately a […]

The National Futures Association (NFA), our industry’s self regulatory organization in the United States, has informed all Forex Dealer Members, that it has adopted new Compliance Rule 2-43(b) regarding Forex trading. The rule requires orders be executed First In, First Out (FIFO). Example: if you have three different positions: #1 BUY 10K EURUSD @ 1.3000, […]

MT4 STP vs MT4 Dealing desk STP brokers use Market execution, which doesn’t allow stop loss and take profit orders to be specified & set at the moment of placing a new trade. SL and TP orders can be added only after the trade is open, so that the price of the open position is […]

What is an IB? An Introducing broker (IB) is a simplest form of partnership between an individual (or a business company) and a Primary broker. The role of the Introducing broker is to solicit clients for the Primary Broker. By doing so an IB earns commission. – NFA Glossary: “Introducing Broker (IB) A firm or […]

Notice I-09-10 April 13, 2009 Effective Date of NFA Requirements Regarding Forex Orders NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-43 regarding forex orders. The prohibition on carrying offsetting transactions will be effective for any positions established after May 15, 2009. The requirements regarding price adjustments […]

NFA Rule 2-43(b) The NFA recently enacted Rule 2-43(b) which effectively eliminates hedging by forcing brokers to close trades on a First In First Out (FIFO) basis. The NFA has added clarification to the rule, stating that customers can instruct their broker to off-set like sized positions. Some traders have expressed concern that the rule […]

Starting from October 12th, 2009 the testing of MT5 platform has begun. It is expected to last for 5-6 month before the final product is released. Check out participating MT5 brokers. MT5 improvements – High performance and outstanding working speed; – 3 chart-types, 21 timeframes and over 70 analytical tools; – 5 order types and […]

Regulation concerns Forex brokers looking to work with Bitcoins face a few challenges, most of them are regulatory. In mid-2015 Bitcoin still remains unregulated and unsupervised. There is no central bank to regulate its flow and exchange. In addition, the Anti-Money Laundering questions remains unsolved, as Bitcoin users identity is veiled (they don’t need to […]

Guaranteed stop loss in Forex Guaranteed stop loss is not a common practice with Forex brokers as one would expect. The list below shows all Forex brokers who offer guaranteed stop losses. But first, let’s briefly touch the theory. Guaranteed stop loss vs Regular stop loss Guaranteed stop loss — your stops are executed at […]

NFA (CFTC) ban on credit cards in the U.S. effective January 31, 2015 US Forex brokers no longer accept credit card deposits The time has come, and the earlier approved proposal on banning credit card funding for Forex accounts with US brokers is now in effect starting from January 31, 2015. The official NFA documents […]