V. 22:9 (116-119): Traders’ Resource: Forex Brokerages by Technical Analysis, Inc.
Foreign exchange traders have more choices than ever in their ongoing search for speed, pricing efficiency, and good accounting when it comes to forex brokerages. First, you must find a forex brokerage that handles your particular currency tradable; full-service brokerages dealing with equities, options, futures, bonds, mutual funds, and cash goods are usually full-priced as well. A little research, however, will get you a forex brokerage targeted on your currency of interest.
After that, your first question might be, “How fast can
I execute an order?” Look for whether the brokerage offers direct access to the major electronic markets in
real time, the speed of order executions, and the fills. In
addition, you should look at the forex brokerage’s margin requirements and fees.
A forex brokerage’s ability to provide market statistics,
hedging activity reports, and other such information may be critical to your trading and investing decisions.