A list of Forex brokers which support
CFD trading. CFD - a Contract for Difference
- special contract which allows traders to earn money on
the price (stock, commodity or other) falling or rising,
without buying any stock or commodity. CFD is a great way
to try stock trading and is usually supported by Metatrader
4 Forex Brokers
IKON
GM – Royal Division:
| Company: |
IKON GM – Royal Division |
| On-line since: |
2006 |
| Regulation: |
Regulated by the Commodity Futures
Trading Commission (CFTC) and is a member of the National
Futures Association (NFA) as a registered Futures Commission
Merchant (FCM) (NFA ID #0327622). |
| Payment options: |
Wire transfer and credit cards |
| Minimum account size: |
$1000 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
Institutional Non-Fixed Spreads |
| Categories: |
Metatrader Forex brokers, Muslim
Forex brokers |
Advantages:
- Metatrader 4 Forex broker
- Muslim friendly Forex broker
Disadvantages:
- Account opening policy is stringent. We have to admit
though that, it is beneficial in one way, as it proves they
are serious about their business.
Open a trading
account with IKON GM – Royal Division
LiteForex:
| Company: |
Straighthold Investment Group Inc. |
| On-line since: |
2004 |
| Regulation: |
Registered resident of the British Virgin Islands, according
to the terms of the International Business Companies Act
(Chap. 291). |
| Payment options: |
WebMoney, e-gold, e-Bullion and Liberty Reserve |
| Minimum account size: |
$0.01 |
| Minimum lot size: |
0.001 lot |
| Spreads: |
3 pips on EUR/USD |
| Categories: |
Metatrader Forex brokers |
Advantages:
- Metatrader Forex broker
- Very low minimum deposit to start trading
Disadvantages:
- No important disadvantages
NorthFinance:
| Company: |
North Finance Company Ltd |
| On-line since: |
2003 |
| Regulation: |
North Finance is registered in Belize. It operates within
the financial market in accordance with The Memorandum
of Association and Articles of Association, which was
granted to the company by Belize International Business
Companies Act. |
| Payment options: |
Wire transfer |
| Minimum account size: |
$100 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- MetaTrader 4 Forex broker
- Really fast and responsive support
- Variable leverage from 1:1 to 1:500
- No overnight interest for Muslim Forex traders
Disadvantages:
- No important disadvantages
Saxo Bank:
| Company: |
Saxo Bank |
| On-line since: |
1999 |
| Regulation: |
Saxo Bank is an officially registered European bank. |
| Payment options: |
Wire transfer |
| Minimum account size: |
$2,000 |
| Minimum lot size: |
1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- Unique trading software
- Very solid company
Disadvantages:
- Very high margin requirements
- Opening an account is a complicated process
Open a trading
account with Saxo Bank
Direct Forex:
| Company: |
Direct Forex, LLC |
| On-line since: |
2005 |
| Regulation: |
Registered Futures Commission Merchant (FCM), a member
of the National Futures Association (NFA ID# 0351765)
and is regulated by the Commodity Futures Trading Commission
(CFTC). |
| Payment options: |
Bank wire and checks |
| Minimum account size: |
$500 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- MetaTrader4 Forex broker
- Mobile trading supported
Disadvantages:
- Opening an account is a complicated process
Interactive Brokers:
| Company: |
Interactive Brokers Group, LLC |
| On-line since: |
1998 |
| Regulation: |
Regulated by the SEC, NASD, NYSE, SFA and other regulatory
agencies around the world. |
| Payment options: |
Bank wire, checks and on-line check |
| Minimum account size: |
$5,000 |
| Minimum lot size: |
1 lot |
| Spreads: |
ECN broker - 1 pip (or lower) on EUR/USD |
Advantages:
- ECN Forex broker - low spreads, perfect
market conditions
- Repuatable company
- Universal account for Forex, Stock, Futures and Options
trading
Disadvantages:
- No MetaTrader4 software support
- No demo account
- No mini Forex accounts
X-Trade Brokers:
| Company: |
X-Trade Brokers S.A. |
| On-line since: |
2006 |
| Regulation: |
Regulated by the Securities and Exchange Commissions
of European Union. |
| Payment options: |
Bank wire |
| Minimum account size: |
$2,000 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- MetaTrader4 software support
- Supports trading over the phone
- Muslim Forex broker
Disadvantages:
- No mini Forex accounts
- Opening an account is a complicated process
Finotec:
| Company: |
Finotec Group Inc. |
| On-line since: |
2005 |
| Regulation: |
Unregulated |
| Payment options: |
Bank wire, PayPal and credit cards |
| Minimum account size: |
$200 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- Easy-to-use trading platform for mini Forex accounts
- Options trading available
Disadvantages:
- No MetaTrader 4 software support
- High account size requirement to use Finotec Trading Platform
Open a trading
account with Finotec
Western Capital Forex:
| Company: |
Western Capital Forex S.A. |
| On-line since: |
2005 |
| Regulation: |
Registered with OAR-G - a Swiss self regulated financial
organization. |
| Payment options: |
Bank wire and PayPal |
| Minimum account size: |
$5,000 |
| Minimum lot size: |
1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- MetaTrader 4 Forex broker
Disadvantages:
- No mini Forex accounts available
- Opening an account is a complicated process
Finexo:
| Company: |
Finexo Global Investments Ltd. |
| On-line since: |
2004 |
| Regulation: |
Regulated by German authority BaFin. |
| Payment options: |
Credit cards |
| Minimum account size: |
$100 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- Browser based trading platform
- CFD, stocks, futures and metals trading
Disadvantages:
- No Metatrader 4 software support
- Credit card as the only payment method
Real Trade:
| Company: |
Real Trade Group |
| On-line since: |
2003 |
| Regulation: |
Unregulated |
| Payment options: |
e-gold, WebMoney and wire transfer |
| Minimum account size: |
$20 |
| Minimum lot size: |
0.01 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
Disadvantages:
- No important disadvantages
Open a trading
account with Real Trade
ODL Securities:
| Company: |
ODL Securities Limited |
| On-line since: |
2004 |
| Regulation: |
Regulated by Financial Services Authority. It is a member
of the London Stock Exchange and London International
Financial Futures and Options Exchange (Euronext.LIFFE). |
| Payment options: |
Wire transfer, credit cards and checks |
| Minimum account size: |
$2000 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- Metatrader 4 Forex broker
Disadvantages:
- No important disadvantages
Open
a trading account with ODL Securities
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
IG Markets:
| Company: |
IG Group |
| On-line since: |
2001 |
| Regulation: |
Regulated by the Financial Services Authority (FSA)
and a member of the London Stock Exchange (LSE). |
| Payment options: |
Wire transfer, checks, credit cards and |
| Minimum account size: |
$200 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- Solid financial company
- Web based trading platform
- CFD and metals trading is available
Disadvantages:
- No Metatrader 4 software support
- Low leverage - 1:50
Neuimex:
| Company: |
Neuimex Direct Dealing S.A |
| On-line since: |
2005 |
| Regulation: |
Registered on British Virgin Islands. |
| Payment options: |
WebMoney and e-gold |
| Minimum account size: |
$400 |
| Minimum lot size: |
1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- Metatrader 4 Forex broker
- Futures trading is available
Disadvantages:
- No important disadvantages
MFN:
| Company: |
MFN & CMG |
| On-line since: |
2005 |
| Regulation: |
Unregulated |
| Payment options: |
Bank wire, credit cards and e-gold |
| Minimum account size: |
$500 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
- Muslim Forex trading accounts available
Disadvantages:
- No Metatrader software support
- U.S. citizens are not allowed to trade with MFN
FIBOGroup:
| Company: |
Fibo Group Switzerland AG. |
| On-line since: |
2004 |
| Regulation: |
Unregulated |
| Payment options: |
Bank wire and VISA credit cards |
| Minimum account size: |
$300 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
Advantages:
Disadvantages:
- No important disadvantages
Synthesis Bank:
| Company: |
Synthesis Bank |
| On-line since: |
2004 |
| Regulation: |
Banking status by the Swiss Federal Bank Commission. |
| Payment options: |
Bank wire and Swiss post office |
| Minimum account size: |
$10,000 |
| Minimum lot size: |
1 lot |
| Spreads: |
2 pips on EUR/USD |
Advantages:
- Swiss registered bank
- Futures, stocks and bonds trading available
Disadvantages:
- No Metatrader 4 software support
- No mini Forex accounts
- Limited demo account (20 days)
GCI Financial:
| Company: |
GCI Financial Ltd. |
| On-line since: |
2002 |
| Regulation: |
Unregulated |
| Payment options: |
Wire transfer, credit cards, PayPal and check |
| Minimum account size: |
$500 |
| Minimum lot size: |
0.1 lot |
| Spreads: |
3 pips on EUR/USD |
|
