Forex Broker Reviews

One of the most important factors that determine a forex trader's success is the broker(s) he or she chooses to do business with. There are many aspects to consider when choosing a forex broker, some of which you cannot find out until you have traded real money with them, at which point it may be too late. In this section, we give you that information up-front, with no bias. Our forex broker reviews are written after doing extensive testing of the brokers' forex platform, using real-money accounts. You will not find this type of information anywhere else. We hope it helps you make an informed decision on who you can trust with your money, and which broker is best suited to you and your trading style.

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GFT Forex Review

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GFT Forex offers traders a very high level of service. It is intended for professional traders who demand very high standards. GFT's DealBook 360 platform is very rich in features. It offers traders many different order types which are not available in lesser platforms, such as "one cancels other" (OCO), which allows traders to place several different resting orders, which are canceled when one is executed.

Location:	Michigan, USA
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Swap-free accounts:	No
Typical spread on EUR/USD:
Order processing:	Straight-through

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AvaFX Review

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AvaFX is a good choice for traders looking for a solid offshore forex broker. Just established in 2006, it is starting to gain a good reputation, which is absolutely key for an unregulated broker. Adding to their legitimacy are official audits by Ernst & Young and Commerzbank Frankfurt.

Location:	Tortola, British Virgin Islands
Guaranteed stop losses:	No - orders executed at best available price
Swap-free accounts:	Yes
Typical spread on EUR/USD:	3 pips (0.0003)
Order processing:	Market Maker

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Baron Forex Review

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Baron Forex, is one of the few offshore forex brokers that are regulated by a real financial services regulating body (IFSC in Belize). Being based offshore can bring with it many advantages to forex traders, but at the same time can be risky due to lax (or non-existant) regulation standards in many offshore jurisdictions. In the case of Baron Forex however, traders get the unique combination of both, the advantages of having an offshore broker AND the advantages of a fully regulated broker.

Location:	Belize City, Belize
Guaranteed stop losses:	Yes, stop loss orders are guaranteed against slippage
Swap-free accounts:	Yes
Typical spread on EUR/USD:	2 pips (0.0002) FIXED
Order processing:	All orders routed through dealing desk.

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