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Forex Trading
FOREX — the foreign exchange (currency or forex, or FX) market is the and the most liquid financial market with the daily volume of more than $3.2 trillion. Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers.
 
 
OANDA:
Company: OANDA
On-line since: 2001
Regulation: Registerd with Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA ID #0325821).
Payment options: Bank transfer, checks, PayPal
Minimum account size: $1
Minimum lot size: 0.001 lot
Spreads: Variable, usually 1-2.5 pips on EUR/USD

Advantages:

  • No need to download trading software
  • Variable spreads which can be very low
  • No limit on trade size

Disadvantages:

  • No MetaTrader 4 software support
  • Java based trading platform
  • Spreads can jump up unexpectedly