iwenwcren wrote:

Hello all.

I am a newbie in forex. I am currently looking for some reliable online brokers and so far I have found these three -

http://www.mffx.com
http://www.forexwebtrader.com
http://www.fxopen.com

It will be very much appreciated if anyone can tell me about their trade commission as well as reliability.

Thank you very much.

Regards.

Hi,

Mffx: Never heard of these guys, on their website there's a London address, but they're not even regulated by the FSA (UK's regulatory body)! When I called them, I got the receptionist of the building where they have an office but I couldn't even get through to them as the line was "busy". I would never trust my money with a broker that I can't even reach by phone. What do you do, when your web connection suddenly dies and you want to close an order by phone?!

ForexWebTrader: Those guys merged with Finexo in October 2011, and Finexo is actually featured in our broker comparison page. They're a good broker but as you can see, their spreads are just average at best. Click here for a Finexo brokerage review. 

FxOpen: A great broker. Haven't heard anything bad about them. Their spreads are better than Finexo/ForexWebTrader's and they match Mffx's.

Out of those 3, I'd go with FxOpen.

Hi, there, I am also a fresh trader, could anybody give me a useful links about the forex trading? Thanks.

The forex market is that online place where traders can buy, sell, exchange, and speculate on currencies. This market is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and forex brokers and investors. I am also a trader of this market. I always trade with Forex4you,one of the most trustable retail brokers in the market. In forex market brokers are the shadow of the trader. I think this broker helps me in making position in forex market like a shadow of mine.

There has been the most number of new traders in forex when compared to cryptocurrencies, and why do many prefer trading in forex even if it requires more time to spend on it?