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Moneybookers Forex Brokers,Oil Trading Forex Brokers

Moneybookers, based in London, is an online "eWallet" payment system, similar to PayPal. While its popularity is not quite as huge as PayPal's, and therefore the number of merchants that accept Moneybookers payments is lower, Moneybookers does offer a number of advantages to its users, not the least of which are significantly lower transaction fees. Moneybookers account holders also enjoy some additional freedoms that come with having an account with a UK based, FSA regulated financial institution.

The volatility in the crude oil market is not for the faint of heart, but if good risk management is used, trading in oil contracts can be less wild and still lucrative. Many forex brokers offer CFDs on oil futures from NYMEX (West Texas Intermediate, or WTI) and ICE (Brent Crude). If you are interested in trading crude oil, please look below to find a broker that offers its clients crude oil trading.

 

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AFB FX Review



Charting: Four and Half star Charting Rating
Execution: Four star Execution Rating
Spreads: Five star Transaction Costs (spreads) Rating
User-friendly: Four and Half star User-friendliness Rating
Functionality: Four star Platform Functionality Rating
Reliability: Four star Platform Reliability Rating
Support: Five star Customer Support Rating
Swap Rates: Five star Rollover interest rates Rating
Transactions: Four star Withdrawal processing Rating
Avg. Rating: Four and Half star Average Rating

AFB FX is a forex and OTC futures broker based in Cyprus. By far the best feature offered by AFB FX is the availability of Professional Accounts, which offer highly flexible trading conditions. The spreads, margin requirements and virtually all other parameters are negotiable on Professional Accounts, making them the preferred choice among account managers. Having said that though, most of the other accounts also offer trading conditions that are quite reasonable.


Location:Cyprus
Guaranteed stop losses:Yes, limit and stop orders are guaranteed against slippage, except under market conditions
Swap-free accounts:Yes - no extra charges and available to everyone, not just Islamic traders
Typical spread on EUR/USD:0.6 pips (Professional) to 2 pips (Micro)
Order processing:ECN,STP No Dealing Desk

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UFX Bank



Charting: One star Charting Rating
Execution: Four star Execution Rating
Spreads: Two and Half star Transaction Costs (spreads) Rating
User-friendly: Four star User-friendliness Rating
Functionality: One star Platform Functionality Rating
Reliability: Three star Platform Reliability Rating
Support:
Swap Rates: Four and Half star Rollover interest rates Rating
Transactions: One star Withdrawal processing Rating
Avg. Rating: Two and Half star Average Rating

UFX Bank provides a decent level of service to their customers, from the customer support, to trading support and easy access to the dealing desk. Withdrawal of funds appears to be a bit disorganized but it does get done eventually, whether you are withdrawing profits or not. UFX Bank's trading conditions are such that the benefits of a UFX account are most pronounced for well capitalized traders, which makes it more worthwhile for larger investors than for small traders. This is a known predatory practice.


Location:Israel
Guaranteed stop losses:Yes, all stop-loss and take-profit orders are guaranteed by UFX Bank against slippage.
Swap-free accounts:- swap-free accounts are charged slightly higher spreads
Typical spread on EUR/USD:2 pips (0.0002) for Platinum Accounts, 3 pips (0.0003) for Gold Accounts, 4 pips (0.0004) for Standard Accounts, 5 pips (0.0005) for Mini Accounts
Order processing:Market Maker

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EXNESS Review



Charting: Four and Half star Charting Rating
Execution: Four and Half star Execution Rating
Spreads: Five star Transaction Costs (spreads) Rating
User-friendly: Four and Half star User-friendliness Rating
Functionality: Four star Platform Functionality Rating
Reliability: Five star Platform Reliability Rating
Support: Five star Customer Support Rating
Swap Rates: Four star Rollover interest rates Rating
Transactions: Five star Withdrawal processing Rating
Avg. Rating: Four and Half star Average Rating

EXNESS is a fairly new entrant into the forex arena, and it offers some very interesting trading conditions. Though there is no actual relationship between the two (as far as we are aware), EXNESS and Alpari which is also of Russian origin, thrive in a jurisdiction where the rule of law is not always respected. While EXNESS is regulated by Russian law, this in itself is not a great comfort for foreign traders. No doubt EXNESS management, much like Alpari, is aware of this and therefore goes well above the call of duty to ensure that clients are treated fairly.


Location:St. Petersburg, Russia
Guaranteed stop losses:No, all orders are executed at best available price
Swap-free accounts:Yes - no extra charges and available to everyone, not just Islamic traders
Typical spread on EUR/USD:0.1 pips (0.00001) on Expert Accounts, 0.4 pips (0.00004) on Classic Accounts, 0.7 pips (0.00007) on Mini Accounts
Order processing:STP (Straight Through Processing)

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Trading Point Forex Review



Charting: Four and Half star Charting Rating
Execution: Four star Execution Rating
Spreads: Four star Transaction Costs (spreads) Rating
User-friendly: Four and Half star User-friendliness Rating
Functionality: Four star Platform Functionality Rating
Reliability: Four star Platform Reliability Rating
Support: Four star Customer Support Rating
Swap Rates: Five star Rollover interest rates Rating
Transactions: Five star Withdrawal processing Rating
Avg. Rating: Four and Half star Average Rating

Trading Point Forex is a relatively new MT4 forex broker that is becoming well established as a result of the solid trading conditions and support services on offer, as well as being regulated by some of the world's most stringent regulatory agencies such as the FSA. Trading Point also ensures client funds safety, by keeping it segregated from company operating capital.


Location:Limassol, Cyprus
Guaranteed stop losses:No, all orders are executed at best available price.
Swap-free accounts:Yes - no extra charges and available to everyone, not just Islamic traders
Typical spread on EUR/USD:1.9 pips (0.00019)
Order processing:All orders routed through dealing desk.

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ICM Trading Review



Charting: Five star Charting Rating
Execution: Four star Execution Rating
Spreads: Four star Transaction Costs (spreads) Rating
User-friendly: Five star User-friendliness Rating
Functionality: Four and Half star Platform Functionality Rating
Reliability: Five star Platform Reliability Rating
Support: Four star Customer Support Rating
Swap Rates: Three star Rollover interest rates Rating
Transactions: Three and Half star Withdrawal processing Rating
Avg. Rating: Four and Half star Average Rating

ICM Trading (iTrade Capital Markets) is an offshore broker (BVI) that deals primarily in spot forex, but also offers some common CFDs as well as forex options, which is a very nice feature. The number of tradable instruments is not staggering, since the spot forex pairs are limited to 19 pairs, with nothing exotic on offer. These are the most liquid pairs and are the staples of most professional traders, since the low liquidity, high spreads and less reliable research make exotics all but untradable for many traders. Please be sure to also read the WARNING at the bottom of this review.


Location:British Virgin Islands (BVI)
Guaranteed stop losses:Yes, all stop and limit orders are guaranteed against slippage.
Swap-free accounts:All accounts are Shariah compliant, but a charge of $1/mini-lot/day is applicable to all overnight positions
Typical spread on EUR/USD:2 pips (0.0002) FIXED
Order processing:Market Maker

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InstaForex Review



Charting: Four and Half star Charting Rating
Execution: Three and Half star Execution Rating
Spreads: Four star Transaction Costs (spreads) Rating
User-friendly: Four and Half star User-friendliness Rating
Functionality: Four star Platform Functionality Rating
Reliability: Four star Platform Reliability Rating
Support: Four and Half star Customer Support Rating
Swap Rates: Five star Rollover interest rates Rating
Transactions: Four and Half star Withdrawal processing Rating
Avg. Rating: Four and Half star Average Rating

If you are looking for a strong Asian forex broker offering, you are well advised to at least consider InstaForex, as it is one of the most successful brokers to come out of Russia (and that is saying a lot when considering that Alpari and EXNESS are both originally Russian). In fact, InstaForex was named the best broker in all of Asia in 2009 and 2010, beating out some fairly tough competition.


Location:Russia
Guaranteed stop losses:No, all orders are executed at best available price
Swap-free accounts:Yes - no extra fees are incurred on Islamic style accounts
Typical spread on EUR/USD:3 pips (0.0003) FIXED
Order processing:ECN

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FXPro Review



Charting: Four and Half star Charting Rating
Execution: Two and Half star Execution Rating
Spreads: Five star Transaction Costs (spreads) Rating
User-friendly: Four and Half star User-friendliness Rating
Functionality: Four star Platform Functionality Rating
Reliability: Four star Platform Reliability Rating
Support: Five star Customer Support Rating
Swap Rates: Three and Half star Rollover interest rates Rating
Transactions: Four star Withdrawal processing Rating
Avg. Rating: Four and Half star Average Rating

FxPro is a very well-known and well funded Market Maker. In business since 2006, FxPro has gained a large pool traders by buying up some very prominent advertising space. By providing its own liquidity and keeping all trades in house, FxPro is able to give its clients some of the lowest spreads in the industry (0.8 pips target on EUR/USD) as well as lightning fast execution (most of the time). The key here is, unfortunately, that execution is done at their discretion.


Location:Limassol, Cyprus
Guaranteed stop losses:All orders are executed at best available price.
Swap-free accounts:No swap-free accounts available
Typical spread on EUR/USD:0.8 pips (0.00008)
Order processing:Market Maker

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