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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.
 
 
MF Global:
Company: MF Global UK Limited
On-line since: 2002
Regulation: Regulated by the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) and the Securities and Exchange Commission (SEC).
Payment options: Wire transfer
Minimum account size: $10,000
Minimum lot size: 1 lot
Spreads: 3 pips on EUR/USD

Advantages:

  • Solid financial company
  • Futures and options trading is available

Disadvantages:

  • No Metatrader 4 software support
  • Opening an account is a complicated process
  • Low leverage - 1:40
  • No mini Forex accounts