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Broker FOREX M to Z

Study each Broker FOREX in detail and seek additional information from each Forex Brokers website. Review the ones you find interesting and then continue to next section.

I have included the NFA ID to the companies where it applies. You can make a search by going to NFA's website and enter the Regulatory ID of your chosen broker. After your search is completed, you can check if any complaints have been filed and their outcome.

Adjusted Net Capital (definition available in my Forex Dictionary) gives you information about the size of the FOREX Broker. However, for some brokers it doesn't show only Forex activities but might be for all the company activity. Adjusted Net Capital data as of report filed 31 August, 2008.

For the accounts, Mini Account and Standard Account, the figures refer to as follows: Minimum Account Size/Leverage/Contract Size.

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Broker Forex

MB Trading FX MG Forex
HQ USA USA
Founded 1999 1992
Regulatory Body CFTC, NFA CFTC, NFA
Regulatory ID 0315389 0308808
Adjusted Net Capital $12,201,246 $5,545,201
Security of Deposits NFA Compliant+Insured NFA Compliant+Insured
Broker Type ECN Market Maker
Spread Type Variable Variable
Commission $5/$100,000 Spread
Mini Account N/A N/A
Standard Account $400/100:1/10,000 $200/400:1/10,000
EURUSD Spread 1-10 pips 3 pips
USDJPY Spread 1-10 pips 4 pips
USDCHF Spread 1-10 pips 5 pips
GBPUSD Spread 1-10 pips 5 pips
EURCHF Spread 1-10 pips 5 pips
Comment



Broker Forex
MIG Investments Money Forex
HQ Switzerland Belarus (BVI)
Founded 2003 2006
Regulatory Body FDF, ARIF (CH) Unregulated
Regulatory ID 0315389 N/A
Adjusted Net Capital N/A N/A
Security of Deposits FDF Compliant N/A
Broker Type Market Maker Market Maker
Spread Type Variable Variable
Commission Spread Spread
Mini Account $2,000/200:1/10,000 $250/200:1/10,000
Standard Account $100,000/100:1/100,000 $2,000/200:1/100,000
EURUSD Spread 2 pips 2 pips
USDJPY Spread 2 pips 3 pips
USDCHF Spread 3 pips 4 pips
GBPUSD Spread 3 pips 4 pips
EURCHF Spread 2 pips 4 pips
Comment



Broker Forex
OANDA ODL Securities
HQ USA UK
Founded 1996 1994
Regulatory Body CFTC, NFA FSA (UK), CFTC, NFA
Regulatory ID 0325821 0330396
Adjusted Net Capital $164,523,432 $10,500,248
Security of Deposits NFA Compliant NFA Compliant
Broker Type Market Maker Market Maker
Spread Type Variable Variable
Commission Spread Spread
Mini Account N/A No Info Available
Standard Account $1/50:1/$1 No Info Available
EURUSD Spread 1.2 pips 2 pips
USDJPY Spread 1.6 pips 3 pips
USDCHF Spread 2½ pips 3 pips
GBPUSD Spread 2½ pips 3 pips
EURCHF Spread 1 pip ?
Comment MetaTrader 4



Broker Forex
Questrade Realtime Forex
HQ Canada Switzerland
Founded 1999 2000
Regulatory Body IDA (CA) FDF (CH)
Regulatory ID N/A N/A
Adjusted Net Capital N/A N/A
Security of Deposits IDA Compliant+Insured FDF Compliant
Broker Type Market Maker Market Maker
Spread Type Variable Variable
Commission Spread Spread
Mini Account $250/200:1/10,000 €2,500/50:1/10,000
Standard Account $2,500/100:1/100,000 €20,000/66:1/50,000
EURUSD Spread 3 pips 3 pips
USDJPY Spread 4 pips 4 pips
USDCHF Spread 5 pips 4 pips
GBPUSD Spread 5 pips 4 pips
EURCHF Spread 5 pips 4 pips
Comment



Broker Forex
RJO FX Saxo Bank
HQ USA Denmark
Founded 1999 1992
Regulatory Body CFTC, NFA FSA (DK)
Regulatory ID 0000187 1149 (FSA)
Adjusted Net Capital $98,452,632 N/A
Security of Deposits NFA Compliant FSA Compliant+Guarantee
Broker Type Market Maker Market Maker
Spread Type Variable Variable
Commission Spread Spread
Mini Account $2,500/100:1/25,000 $2,000/100:1/10,000
Standard Account $2,500/100:1/100,000 $10,000/50:1/100,000
EURUSD Spread 3 pips 2 pips
USDJPY Spread 3 pips 3 pips
USDCHF Spread 4 pips 3 pips
GBPUSD Spread 4 pips 4 pips
EURCHF Spread 4 pips 3 pips
Comment


If you are a FOREX Broker and would like to update your data, please fill in our FOREX Broker Feedback form.

Disclaimer: We have made every effort to ensure the accuracy of these tables. We accepts no liability for any errors contained therein. Please visit respective firm's website for complete and up-to-date information.

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