There are
pro's and con's with each broker thus we choose to represent all of the most popular Forex Brokers to allow you to find one that fits
your needs.
Occassional Traders If you have a small account (Under $5,000) and/or don't plan to trade much more than 10 lots/mo than
any of our retail brokers make a fine choiceas you get our software and eSignal Forex data absolutely free. This saves you $200/mo! (What we charge to lease our software with the eSignal data)
Active Traders If you plan to trade a LOT then it's
in your best interest to signup at MB Trading or Dukascopy (Non US traders) as their
spreads are a lot lower. With MB Trading and Dukascopy you pay us $120/mo for our powerful Forex Software and eSignal data (Saves you $960 per year over our lease price!)
Our Advice Read reviews on FXDD, FXCM, Forex.com and Alpari and download their demo platform to test their spreads against each other during the times you plan to trade. If you're an active trader and plan to open a larger account or plan to frequently trade crosses like EURJPY,GBPJPY, CADJPY, etc you should consider the much lower spread brokers of MB Trading or Dukascopy (Non US Traders).
eSignal Forex data is expensive! It costs $104/mo for the broker to provide, plus they also pay us a fraction of the spread and want to at least break even on the deal.
They've realized that our traders tend to trade a LOT more than most of their retail traders due to our Forex software and continuous training and support we provide our clients but want to break even on traders who aren't active. 10 lots/mo or 100 mini lots/mo is just
5 mini lots per day on average.
Our software tends to find 1-8 trades per hour so we feel this is a fair low minimum for anybody serious and who wishes to trade just a few hours per week.