Foreign Exchange Trading - Forex.com vs. FXCM.com

FOREX.com is a popular subsidiary of GAIN Capital Group, the pioneer in online forex trading. The website offers numerous resources including access to free market research, a guided tour of trading platform, educational tools and online trading. Trade on dealing spreads are incredibly low as 1 to 2 pips on the most widely traded currency pairs. The user does not have to pay commissions at FOREX.com. Besides, they can enter orders at any price and execute trades based on the current news scenario, important economic announcements and during times of high market volatility.

The website offers automated processing for all click & deal forex trades which allow users to benefit from an unbiased trading environment. The various Flexible account types and leverage include standard accounts, with a default size of 100K and leverage of 100:1 (1%), highly suited for active forex traders and mini accounts which have 10k contract sizes and leverage of up to 200:1. FOREXTrader offers a highly innovative user interface, sophisticated customization features, and a horde of professional charting and order management tools.

In addition, users can get access to a wide array of resources and trading tools to assist him in making informed trading decisions such as daily and weekly forex research, ForexInsider streaming market commentary and FOREXCharts by eSignal. All stop and limit orders up to $2 million would be filled at the user's price during FOREX.com's trading hours. FOREXTrader supports fully automated trade execution through a standard FIX protocol or web-services API.

FOREX.com provides practical forex training through different kinds of educational programs and events. The client or registered practice account user can also access the currency markets via any Internet-enabled wireless device.

Forex Capital Markets (FXCM) is the largest Forex Dealer Member and supplies online trading services for retail speculators in the foreign exchange market. The company provides a large part of its services through three websites: FXCM, the company's flagship site, FXCM Trading Room, which offers an extensive array of resources for trading the market; and Daily FX, a highly credible source for foreign exchange and economic news, as well as information, advice, and resources related to the global currency market. FXCM also offers a treasure house of learning resources, through products such as the FX Powercourse and free live webinars.

The No Dealing Desk Execution of FXCM assists traders to execute trade on rates offered by some of the largest banks in the world. Clients can trade whenever they want. FXCM provides 24-hours trade support and enables clients to place orders over the phone, even while using the No Dealing Desk option. FXCM trading account could be opened online. Applications can be submitted online, or via FAX. FXCM offers a unique, highly advanced trading platform which constitutes features such as dealing rates, market orders, trailing stops, margin watcher, 24-hour reporting, hedging, live streaming news execution of large market orders and collecting positive rolls. In addition, the website provides an entire suite of charts, market news and various educational tools to assist its clients.

Nayanathara. S.

Hi-Tech Editorial Division