Top Currenex Forex Brokers
Currenex is a multi-dealer trading technology that provides a trading portal for institutional and hedge fund forex traders. The company presents itself as a provider of advanced STP trading solutions rather than an ECN. Currenex is common with institutional and hedge fund traders because of its ability to provide prices from multiple liquidity providers and real-time price execution.
Through its FIX Protocol, Currenex connects more than 60 banking institutions, which include some of the top brands in the market. Prime brokerages connected to the platform feature big names like Credit Suisse, Barclays Capital, Morgan Stanley, and Goldman Sachs, among others. This means that traders are able to get the best rates at any time of bidding, which increases their profit margins based on their ability to lock winning trades.
Top features of the Currenex platform
Currenex has been hyped as the best foreign exchange aggregator, and this brings various benefits to the trader. However, for retail traders to be able to use the Currenex platform, they must use the white label option. This version has unique features that facilitate a great trading experience.
- Adaptable charting: Currenex trading platform has one of the best charting interfaces with its adaptable charting feature allowing traders to apply different trading strategies and timeframes.
- Support in multiple languages: Like most trading platforms, Currenex has ensured that its trading platform is not limited to a few languages by utilizing a multi-language feature that allows different traders across the world to use the platform seamlessly.
- Real-time news: Again, Currenex has created a section where traders can access the latest news from across the world that might affect their trading decisions.
- Comprehensive accounting and position tracking: This feature ensures that traders keep track of their trades, account levels and balances, as well as, helping them to manage risk allocation per position.
Top Currenex Forex Brokers
1BillionForex is a subsidiary of the more popular NordFX, a financial instruments trading brand regulated by the Mauritius Financial Services Commission. The company’s headquarters are located at 1321 San Pedro, Belize City, in Belize. 1BillionForex offers trading services for forex and commodities and traders have access to a maximum leverage of 100:1. The minimum deposit required to begin trading at 1BillionForex is $1,000 while the minimum lot is 0.1. Trading spreads start at 0 pips for the major currency pairs whereas there is a $5.00 commission for every 100k round turn.
FCI Markets is a forex, indices, stocks and commodities trading broker based in the UK. The broker provides trading services to both retail and institutional investors across a wide range of risk and experience levels. FCI Markets is regulated by the Financial Conduct Authority (FCA) in the UK and traders also have access to Bonds and Futures trading.
At FCI Markets, traders can expect to receive a leverage of up to 100:1 while the minimum deposit required to begin trading has been set at $1000. FCI Markets has also set a minimum lot at 0.1 whereas spreads begin at 0.2. This broker has a commission of $3.00 for every 100k round turn.
TheFXPlayer is a forex trading brand owned and operated by FXPlayer Ltd, a financial services company founded by a team of expert traders for the traders. FXPlayer is an ECN/STP broker that is committed to “No Dealing Desk” and “No Market Making” trading thereby enabling its traders to trade profitably with creating a conflict of interest. The broker uses only Top Tier 1 Bank Pricing and Execution to provide Low Spreads and Low Commissions at most times.
The company’s headquarters are located at Ajeltake Road, Ajeltake Island, Majuro, in the Marshall Islands. Traders can trade forex, commodities, and Indices via the Currenex trading platform or the MT4, the UniTrader, the ActTrader, or its proprietary trading platform FXPlayer Trader (BETA). The minimum deposit has been set at $50 while the maximum leverage is 100:1. The minimum lot is 0.01 while spreads begin at 0.4 pips. Every 100k round turn attracts $7-$12 commission.
Price Markets is the trading brand of Price Markets UK Ltd, a leading provider of FX Prime Brokerage and Infrastructure services to professional traders. The company was launched in 2013 and its headquarters are located at 22 Upper Ground, London SE1 9PD, in the United Kingdom. Price Markets provides trading services for Forex, commodities, Indices and CFDs.
It has a maximum leverage of up to 400:1 whereas the minimum deposit has been set at $500. The minimum trade level is 0.01 lots whereas spreads begin at 0 on major currency pairs. Price Markets have a commission of $7 for every 100k round turn. Traders can trade using the Currenex Platform, the MT4, or the Web Trader among others.
FXDD is a forex trading broker headquartered in Malta. The company provides trading services for currencies, commodities and indices via the MT4 platform, Currenex and a WebTrader. FXDD is the trading brand of FXDD Malta and FXDD Global, which is regulated by Malta Financial Services Authority (MFSA) and operates within the financial trading framework provided by the Markets in Financial Instruments Directive (MiFID).
FXDD Global requires traders to make a minimum deposit of $2000 while the minimum trade level has been set at 0.01 lots. Traders can receive a maximum leverage of up to 400:1 and spreads begin at 0.1 pips o major currency pairs. The commission per 100k round turn ranges from $5.98-$9.98.
FastBrokers is the trading brand of Fast Trading Services an NFA (National Futures Association) member that provides trading services for currencies, commodities, Futures and indices. The company was established in 2004 and its headquarters are located at 220 S KENWOOD ST. SUITE #305, GLENDALE, CALIFORNIA 91205. FastBrokers is also registered with the Commodities Futures Trading Commission as an Independent Introducing Broker.
FastBrokers requires traders to make a minimum fast deposit of $2000 and leverage for international clients is provided up to 200:1. The minimum trade level has been set at 0.1 lots whereas spreads start at as low as 0.4 pips on the major currency pairs. FastBrokers commission for every 100k round turn is $5.80.
Divisa Capital is a multi-asset prime broker that offers bespoke forex and CFD liquidity to institutions and professional traders in the financial services sector. The company was established in 2008 and its headquarters are in 69 Wilson Street London EC2A 2BB. The company trades under the global name of Divisa Group and also has offices in the U.S., New Zealand and Armenia.
Divisa Capital is an ECN/STP and DMA/STP broker with a maximum leverage of 100:1. It requires a minimum deposit of $5,000 to begin using the trading services at Divisa Capital. Divisa is one of the forex and CFD brokers that provide trading via multiple platforms including.
Renesource Capital boasts about being the oldest and the largest investment brokerage company in Latvia. The company was established in 1998 and its headquarters are located at Duntes str.15a, Riga, LV-1005, Latvia. Renesource Capital is registered and regulated by Latvian Authorities to provide trading services for Forex, Stocks, CFDs, Indices and Commodities. The company provides trading via the MT4, Currenex, and a proprietary trading platform.
Traders at Renesource Capital are required to make an initial deposit of $1000 while the maximum leverage has been set at 100:1. The minimum trade level is 0.01 lots while spreads begin at zero for the major currency pairs. Renesource Capital charges a commission of $5.00 for every 100k round turn.