Sunday, January 18, 2015

How to find a good Forex broker?

What has happened recently with the rally on the Swiss Franc has left some Forex brokers practically on the streets. The shares of FXCM trading in the New York Stock Exchange fell from approximately 13 Dollars to 98 Cents. After Leucadia National Corp. lent FXCM 300 million Dollars, the shares rose to 4 Dollars. Other brokers like Alpari had to declare themselves insolvent and had to close shop. Because of what has happened is why right now is the best opportunity to choose among the best Forex brokers that managed to cover themselves and protect their clients from over-leveraging on the Franc.

A notable case is Dukascopy, which managed to see what was coming since November of last year when they rose the margin requirements on all CHF positions. ActivTrades was also another broker that rose the margin requirements on the CHF since last year and then they disable all trading on the CHF since last month.

Therefore, now is the moment to analyze and see which were the brokers that best came out of this event.


4 comments:

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