World Class Provider Of Foreign Exchange Trading Services
Forex Companies provide a broad range of foreign currency services to meet the needs of professionals, including financial firms, money managers, banks and corporations and speculators big or small.
Below will discuss the different types of accounts for forex trading, including mini forex and regular accounts.
Also there are managed forex accounts were clients open accounts that are traded by a third party.
Forex Trading Systems that use computers to place trades for a client.
Standard Forex Account
The Standard Forex Account is designed for traders wishing to trade currencies. Most forex trading firms require a min. account size of $2000. Contract size is usually leveraging 100K with a $1000 in margin. Most firms also allow you to change the margin and contract size if you wish. Orders in major currencies are automatically and instantly executed on the trading platform.
$2,000 To open
100,000 Currency units per lot
Java or Windows software
Currencies
100:1 Leverage is standard but can be changed up or down
Mini Forex
The Mini Forex Account is ideal for traders wishing to trade currencies and test their metal. One can open these accounts for as little as $50. With high leverage and small account size these accounts can be wiped out very quickly on over leverage and big swings from economic news or numbers. Orders are entered on the trading platform and fills are instantly reported just like a standard account. Leverage can be as high as 400 to 1. Leverage can be a double edged sword if you know what we mean.
Low Min. Account size to open
10,000 Currency units per lot
Java or Windows software
Currencies
Up to 400:1 Leverage
Managed Forex Accounts
Don't have time to trade your own account? A Forex managed account service will eliminate much of the hassle and stress associated with self-trading. These accounts can usually be followed live and in real time.
Professionally managed account by experienced Forex traders
Complete control of funds deposited into your personal account
Personal login allows for monitoring of trades day or night
Deposits and withdrawals can be made anytime
Account management can be deactivated or reactivated at anytime
Forex Trading Systems
A trading system is a set of rules or computer algorithms which decide when to buy and sell, and what to buy or sell. Trading systems (also called black boxes) takes emotion out of trading. Many hedge funds use complex trading systems to guide their investments.