Which Micro account?

adopsio · May 29, 2010

Hello,

Which of those micro forex account do you suggest me? I'm new to the forex world and currently I'm on Paddy Power trader because I won 100£ (no deposit) there.

- FXCM Micro Lots

- NordMarkets

- Alpari

- GoMarkets

If someone has tried this micro account, please give me your advice!

Thanks

Black Swan · May 29, 2010

adopsio said:
Hello,

Which of those micro forex account do you suggest me? I'm new to the forex world and currently I'm on Paddy Power trader because I won 100£ (no deposit) there.

- FXCM Micro Lots

- NordMarkets

- Alpari

- GoMarkets

If someone has tried this micro account, please give me your advice!

Thanks

Havn't tried Alpari and or FXCM on micro but IMHO you won't go far wrong with them as brokers...but can you go micro with FXCM if you're a UK resident?

adopsio · May 29, 2010

Black Swan said:
Havn't tried Alpari and or FXCM on micro but IMHO you won't go far wrong with them as brokers...but can you go micro with FXCM if you're a UK resident?

Thanks for the reply.

I didn't find any particular restriction for UK costumers in the FXCM micro site, so I suppose it is ok!

adopsio · May 31, 2010

At the moment I'm concentrating on FXCM micro and OANDA:

OANDA: better spreads but the software is not great. 50:1 max leverage.

FXCM: the software is my favourite, but spreads are not great. 400:1 max leverage.

Since OANDA has a lower leverage and has no minimum size per trade, I see it as a more "safe" approach to Forex.

FXCM is much easier to use.

Any suggestion (also different from the two brockers mentioned)?

Thanks

shadowninja · Jun 1, 2010

Alpari is my preferred broker. Not had any problems with them; been with them for the last two years.

azwhaley · Nov 20, 2010

I find Alpari pretty good - solid platform, decent execution and competitive spreads.

EricTheTrader · Dec 15, 2010

I haven't tried one those. I tried it with Hoardfx.

LiamH · Dec 15, 2010

BS - Yep FXCM micro is fine for UK residents - Their service, daily fx site and marketscope are top notch. The only problem is the spreads are wider than with alpari & oanda I believe but for me, everything else they provide more than makes up for a pip or two extra in transaction costs.

Which Micro account?

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