| It is amazing how far technology has progressed in | | | | with doing business with them. |
| just a few years. Looking back 10 years, I don't think | | | | A new trader may feel wary about this, as there are |
| anyone would have put so much money on the line | | | | other brokerages that operate without commissions, |
| when dealing with an online Forex brokerage. Now, | | | | but they are probably not realizing the reality of the |
| with the encryption and security as high as they are, | | | | situation either. By disclosing all of the expenses, |
| hundreds of millions of dollars are traded every day | | | | makes it easier for a trader to know what their |
| from online brokerage accounts. Some brokerages | | | | costs are (and aren't). |
| have hundreds or thousands of accounts, and yet | | | | Trading with I found their trading software |
| they operate quickly and without mistake. | | | | (ForexTrader) to be easy to use, and all relevant |
| is one such brokerage, offering competitive trading | | | | information is displayed clearly and accurately. claims |
| conditions and low trading rates. For a new trader, | | | | that they do not requote, meaning that the price |
| offers a wealth of information to help jump start | | | | quotes that you see on the screen are the prices |
| their trades. And, with no deal desk trading against | | | | that you will be paying. |
| the investor, a new trader can feel a bit better | | | | Though lacking some of the more advanced features |
| about those first few trades. | | | | offered by MetaTrader 4, ForexTrader is easily |
| Spread Review | | | | supplemented by "Forex Pro", increasing the |
| I have traded with many brokerages that claim to be | | | | versatility of ForexTrader. |
| "commission free". At first, this was a welcome sight | | | | Conclusion |
| and I jumped on it. As I began to become more | | | | My experience with has been overwhelmingly |
| experienced, however, I realized a very simple truth | | | | positive, and though certainly isn't perfect, their |
| that I should have known all along: no one, regardless | | | | service and support are some of the industry's best. |
| of their intentions, can work for free. Somewhere | | | | They meet their claims quite well, and the tight |
| along the line, these "commission free" brokerages | | | | spreads that they advertise are actually the spreads |
| have to be making money. | | | | that you will receive (that's a rarity). |
| For many brokerages that operate without | | | | I do wish that their trading platform was slightly less |
| commissions, they are able to do this by simply | | | | complicated, though it only takes a few days to |
| including their cost in the quoted price. This results in | | | | figure out. As well, I would like to see a more |
| a high level of markup, and it is misleading to the | | | | eSignal-quality charting system included in the |
| trader. does not make any such claims, and they are | | | | program (it isn't yet), but I am content to use |
| actually proud to display all of the costs associated | | | | independent charting services until includes it. |