please tell me what a "dealer" is
glossary FAQ: glossary.
Xavier L. From United Kingdom
18 November, 2008
An individual or firm that acts as a principal or counterpart to a transaction. Principals take one side of a position, hoping to earn a spread (profit) by closing out the position in a subsequent trade with another party. In contrast, a broker is an individual or firm that acts as an intermediary, putting together buyers and sellers for a fee or commission. Visit Interbank FX
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Is there a foreign exchange platform that has reliable history of working the online trading industry?
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- Some Background on FXCM:
- FXCM was established as an online foreign exchange server. FXCM is regulated by NFA - CFTC (USA), FSA (UK), HongKong and BCSC (Canada). After starting off a few years ago to an unpretentious start, it's slowly ripening into one of the smashing platforms on the Internet.
- Platform:
- Although FXCM has a minimum deposit that a high roller table, If you are still a beginner, this one is an excellent selection as it employs educational courses and an exclusive production walk-through platform. The way I see it, the beauty of a good beginner oriented interface is in it's ability to make work feel like a game, and FXCM achieves just that by being both fast and gratifying. Keep in mind that psychology plays an important role in performance focused platform interface. This one's got customer support and 24/7 service. Truth is, this program isn't terribly innovative, but instead, it puts forth the more traditional systems of previous mainstream forexes. Not that there's anything wrong with that! If you hold the opinion that says you don't need any extra web - open interface shmutz on you're fringe of the floor, better look elsewhere. FXCM's downloading program is fairly slow and is designed awkwardly, but of more importance though, is the sound achievement of reliability of the server connection. You should also know, that whatever your preference French, Chinese, Russian or Spanish, FXCM sports natural and efficient operation with a multilingual interface.
- Pluses:
- - Good for Beginners - A Customer Support Line - 24 Hour Service - Comfortable Interface
- Minuses:
- - Download - High Minimum Deposit - Confusing Options
- For Short:
- A modest yet trustworthy platform.