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Q: Forex Trading ( Answered 3 out of 5 stars,   0 Comments )
Question  
Subject: Forex Trading
Category: Business and Money > Finance
Asked by: albyx-ga
List Price: $10.00
Posted: 22 Jul 2003 10:39 PDT
Expires: 21 Aug 2003 10:39 PDT
Question ID: 233797
Who is the most popular and respected online Forex Trading company?

Request for Question Clarification by tox-ga on 22 Jul 2003 10:43 PDT
Hi there!

There are many Forex Trading companys out there and determining which
one is the most popular or most respected is rather subjective. Would
it be acceptable if i posted a list of reputable Forex Trading
companys that have a history of quality service and a solid clientele
base?
From there, you can visit the company sites and determine which
company you wish to do business with.

Clarification of Question by albyx-ga on 22 Jul 2003 10:49 PDT
Hi Tox,

Yes, a list would be great.

I have been looking specifically at Oanda and MG Finance but have no
idea of their clientele base or quality satisfaction.

Of course there are many more that may be suitable.
Answer  
Subject: Re: Forex Trading
Answered By: tox-ga on 22 Jul 2003 11:50 PDT
Rated:3 out of 5 stars
 
Hi there!

The following companies all have a huge clientele base and are well
known in the Forex industry. Anyone of these are reliable and most
offer a free demo trial so that you can test their service before
committing yourself completely.

RefcoFX
http://www.refcofx.com/company.htm

RefcoFX is a part of RefcoGroup, which has over $20 billion in assets
and operates in over 14 countries. Refco Group's worldwide
subsidiaries are members of principal U.S. and international
exchanges, and are among the most active members of futures exchanges
in Chicago, New York, London, Frankfurt, Paris and Singapore. In
addition to its futures brokerage activities, Refco is a major broker
of cash market products, including foreign exchange, foreign exchange
options, government securities, domestic and international equities,
merging market debt OTC financial and commodity products. Refco also
maintains a significant presence in asset management, and ranks as one
of the top global clearing firms.
In addition, Refco has over 180,000 customer accounts and 3,000
employees and is able to offer live chat help on their site and a toll
free numbers in many countries. Also, RefcoFX's site offer a free demo
account and a walkthrough of a trade. Their other features include no
commissions, high leverage, limited risk, guaranteed prices, real-time
quotes and 24-hour trading.

Toll Free Numbers 
Customer Support (U.S.) (877) 538-8820 
Trading/Dealing Desk (US) (877) 538-8813 
Australia 1 800 750049 
Canada 866 600 3926 
China 10 800 120 0992 
France 0800 909544 
Germany 0800 101 4751 
Hong Kong 800 903379 
Italy 800 78 5081 
Japan 006633801334 
New Zealand 0800 44 7470 
South Africa 0800990863 
South Korea 00798 14 800 5902 
Taiwan 0080113 7397 
UK 0800 917 1834 
Venezuela 0800 1 00 4561 
 
GCI Financial Ltd
http://www.gcitrading.com

GCI Financial Ltd is one of the world's largest online foreign
exchange and Share CFD brokers, executing an average of over USD three
billion per month in spot currency transactions alone. In addition to
Forex,  GCI is a primary market maker in Contracts for Difference
("CFDs") on shares, indices and futures, and offers one of the fastest
growing online CFD trading services.  GCI's clients include individual
traders, institutions, and some of the most well known funds and money
managers in the industry.
GCI is recognized globally as one of the premier foreign exchange
market makers and providers of industry research and analysis.  GCI's
analysis appears regularly on Multex.com and Reuters, and is
subscribed to by major institutions including J.P. Morgan, G.E.
Capital, Swiss Bank Corporation, Lazard Asset Management, and Goldman
Sachs.
GCI provides the most advanced, secure, and comprehensive online
trading system in the industry. Client funds are held in a separate
account and never commingled with firm operating capital.  In
addition, GCI Financial Ltd boasts a balance sheet with over USD
1,000,000 in Net Capital - far in excess of most minimum regulatory
requirements for securities brokers and futures dealers.
GCI also boasts zero commissions, state-of-the-art trading software,
hedging capability, low margin requirements, client confidentiality
and tax-tree jurisdiction. GCI also allows potential customers a free
demo account.

Goldman Sachs
https://fx.gs.com/public/
 
Global Investor's 2003 Annual Poll named Goldman Sachs as the Best FX
Service Overall
With more than 160 foreign exchange professionals around the world,
Goldman Sachs delivers the global reach and local knowledge that is
key to our clients' success in currency markets. Goldman Sachs is at
the center of the market, uniquely positioned in providing the most
advanced technology, intellectual capital and individually crafted
solutions for clients' currency needs.
We offer our clients a number of online tools and resources, including
WebETSM, our top-ranked electronic dealing platform, and fx.gs.com,
which provides real-time market analysis and commentary. Goldman Sachs
is also a founding partner in FXallTM, the market leading multi-dealer
foreign exchange platform.
 
Global Forex Trading
http://www.gftforex.com

The GFT site offers the best information about Forex Trading and
explains the basics and principles very clearly. As well, they have
live chat assistance, and toll free numbers. They also offer a free 30
day trial.
GFT also provides numerous products to assist their clientele.
Global Forex Trading's world-class product offerings help assist
aggressive, full time traders, active traders looking to expand their
portfolio, or the investor looking to diversify their portfolio in a
professionally managed account.
DealBookFX is a powerful online trading tool that provides you with
instant access to the foreign exchange market.
GFT Managed Accounts makes it possible to receive the same high
quality fund management an institution would receive in an individual
account with an opening balance far below the high opening balances
institutions would normally begin with. Until now, individuals who
wished to open a managed account needed to make huge deposits to
obtain professional management or begin with less money and take a big
chance with an inexperienced trader who was desperate for new accounts
and thus willing to take small accounts.
Market Mentor is a complete step-by-step approach. It includes
complete instruction and daily ongoing expert commentary delivered
concisely.
The Luca Monthly Review provides in depth technical and fundamental
commentary on a large number of foreign exchange markets.
Everest is a high quality charting and 24-hour live data feed package
that offers traders access to virtually all of the world's markets
including the Interbank Forex market. Using real time quotes, traders
can access charts of any time, length, and style and apply a wide
array of technical indicators and drawing tools.

MG Financial Group
http://www.forex-mg.com/

MG Financial is also a very reputable Forex company as it was one of
the first to offer online Forex trading. The combination of live
quotes, Real-Time charts, and news and analysis attracts all traders
with an orientation towards fundamental and/or technical analysis. MG
also offers very comprehensive information about Forex trading in it's
'trading basics' section. There is also a demo feature that allows
potential customers to try their services.


A good quality about MG Financial is that they are registered with the
NFA, National Futures Association which is a regulatory agency for
brokers.


Though there are many reliable Forex companies available, the best
course of action is to probably sign up for a trial or demo to two or
three companies that you like on first impression. From there, you can
try first-hand which company's design, layout, features and customer
support suit you the best.


Search Strategy:
"Forex Trading"
"National Futures Association"

If you would like more information or request clarification, I would
be glad to be of assistance

Best Regards,
Tox-ga
albyx-ga rated this answer:3 out of 5 stars

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