A Review of Automated Forex Brokers
Carl's 2 Cents:
I never tried the software of
these companies, but I did look at the GFT's
website. The DealBook FX 2 looks really
nice. Maybe one day I'll test drive it and
open a demo account. Spread is between 3
to 5 pips. Hmm...
GCI Financial? It's in
Belize. Not sure if I'd ever open an
account with them.
I was going to try COESfx at
one point, but didn't do it. It looks
similar to Interactive Brokers' platform.
They should have tight spread also. I
think it's worth looking into.
"Several companies offer automated Forex broker services. In the following articles, you'll find brief reviews of each.
What Forex brokers offer automated services?
GFT Forex is an automated Forex broker, whose DealBook FX 2 software offers the investor both a demo and a live Forex trading tool in the currency market. This Forex trading software offers the investor direct access to some of the tightest spreads, through a stable, standalone Forex trading platform, 24 hours a day.
The DealBook FX 2 software shows live, dealable prices, real time data, free real time world and financial news, Forex charts, more than 65 technical indicators, and the ability to build the investor’s own indicators.
GCI Financial Ltd., another automated Forex broker, provides trading software that tracks real time prices in 20 major currencies, live charts, and real time profit and loss account tracking. The software is offered as a demo also. Market orders are confirmed within seconds at prices clicked on or accepted by the client.
The FX3K is an online automated dealing and trading platform used by automated Forex brokers. The FX3K online trading environment includes real time quotes, charting, technical analysis tools, and news. FX3K integrates the client, dealer, back office and system administrator functions. Product features include high speed execution of client orders and the ability to monitor real time margin availability, net exposure and profit and loss on all open positions. FX3K has chat options to allow trader-dealer conversations.
The COESfx Level 1 Trading Platform is used by automated Forex broker as an Electronic Currency Network for the execution of best prices for buyers and sellers of foreign exchange. It offers traders live and executable prices, thereby making each participant a market maker. Traders gain access to "best bid/best offer” quotes directly from price providers and other traders. COESfx pricing is derived from a number of partners in the network such as banks, Futures Commission Merchants (FCM’s), Introducing Brokers (IB’s), fund managers and other traders on its Electronic Currency Network. Forex Broker Info provides detailed information on Forex brokers, Forex trading and market makers, and other Forex-related topics. Forex Broker Info is the sister site of Incorporating in Florida Web.
Written by: Eddie Tobey
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