Australian FX broker regulation, however, does not include any compensation scheme in case a licensed company becomes insolvent. Traders have to be cautious in the thinly regulated forex market.
TOP FOREX BROKERS
The owner of Gyllenspet's Barber Shop, according to the legend, discovered that most of his customers were tourists in need of currency for their trips. The owner began keeping the major currencies on hand. The company was subsequently acquired by Statens Järnvägar , the Swedish State Railways, which expanded the operations until it was sold to Rolf Friberg in The company was for many years the only one apart from the banks that was licensed to conduct currency exchange in Sweden.
The company, which is still wholly owned by the Friberg family, has expanded into Finland , Denmark and Norway and has shops,     located at railway stations or airports, shopping malls and other hubs.
In , the company extended its business into banking and can also offer current and savings accounts incl internet and mobile banking, loans, debit and credit cards, cash handling, money transfer and payments. Here are, in a nutshell, the pros and cons of FxGlory: Forex trading carries a high level of risk and may not be suitable for all investors.
Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz. We do not present any guarantees for the accuracy and reliability of this information. All textual content on ForexBrokerz.
PremiumTradesMarkets Review - is premiumtradesmarkets. PBN Invest Review - is pbninvest. Capital Group review - Is capital PTBanc Review - is ptbanc. For those unwilling to expose themselves to the greater risk related to trading in large volumes, micro lots are available on all account types. FXCM offers competitive variable spreads, averaged 1. Active Trader account holders may benefit from tighter spreads and commission discounts, provided that they satisfy certain trading volume requirements.
This broker takes regulation, financial transparency and investor protection very seriously. In order to maintain transparency of operations, the company provides regular press releases where anyone can see the broker's monthly execution data.
Besides, the companies within the FXCM group are regulated by some of the most respected regulatory bodies in the world: To acquire a license from the UK financial watchdog, financial services providers need to maintain net tangible assests amounting to at least EUR In addition, Copy trading is available through the advanced web platform ZuluTrade.
Apart from its sleek design and intuitive interface, Trading Station comes equipped with Marketscope — a powerful charting package. Here are some of its key features: You can also benefit from fast execution, trading from charts, creating your own trading strategies, superior back-testing options, custom indicators and alerts. Those traders who stick to the good old MetaTrader 4 MT4 will not be disappointed with FXCM, as the broker fully supports this powerful multiasset software.
The platform comes equipped with an outstanding charting package, numerous built-in technical indicators, Fibonacci retracements, trend lines, support and resistance levels, and so on — pretty much everything a trader needs.
Those who are handy with code may create their own automated strategies EAs and custom indicators in the MQL programming language. Here are, in a nutshell, the advantages and disadvantages with regard to this broker:.
Of course, a free Demo account is also available, which is always appreciated by newbies, and micro lots can be traded on both STP and ECN account types. The broker has added many cryptocurrencies to its CFD offering: Australia has become one of the main forex hubs worldwide due to the favorable conditions for both brokers and traders: Australian FX broker regulation, however, does not include any compensation scheme in case a licensed company becomes insolvent.
For more ASIC-regulated brokers, click here. The broker quotes as typical for the Standard STP commission-free account spreads of 1.