EUR/USD (Swing Forecast)
Potential StrategyWait until a new pattern emerges.
What is the trend? Neutral
What is this pattern? No pattern present
Why is this significant? There is no high probability pattern so we cannot place a trade.
What other indicators or Fib Levels support this thesis? No trade
Reason for StrategyWe have drawn a bearish channel on the 2hr Chart that has provide fairly accurate support and resistance at this point.  The pair also has broken the Daily Chart channel.  Both of these charts point to a move farther down, but we will still stay on the sidelines until a new pattern emerges.Trade InvalidationNo trade
Support & Resistance Levels
Resistance 3 Bottom of channel See Daily Chart
Resistance 2 1.4746 38.2% of AB on the Daily Chart
Resistance 1 Top of channel See 2hr Chart
Current Price 1.4530  
Support 1 Bottom of channel See 2hr Chart
Support 2 N/A N/A
Support 3 N/A N/A

                                  
Daily Chart - Broken bullish channel.
2hr Chart - Bearish channel. DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the authors are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided by the authors may not prove to be accurate. Global Forex Trading and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought. This website is not intended for residents of the United Kingdom, Singapore or Australia.

Forex Brokers with CFD Trading

Posted by makemoneyus | 1:59 AM

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.

InstaForex — Forex Broker

InstaForex:

Company: InstaForex
On-line since: 2008
Country of origin: British Virgin Islands
Regulation: Regulated by Russian FFMS.
Payment options: Moneybookers, wire transfer, credit cards, Liberty Reserve, WebMoney and RuPay
Minimum account size: $1
Minimum lot size: 0.01
Leverage: from 1:1 to 1:500
Spreads: 3 pips on EUR/USD
Advantages:

MetaTrader 4 trading platform
6% interest rate on deposit
Flexible leverage
Wide range of funding options
Islamic (no interest) accounts available
Rich bonus system
Disadvantages:

No important disadvantages
Click here to open an account with InstaForex

Forex4you — Forex Broker

Forex4you:

Company: E-Global Trade & Finance Group, Inc.
On-line since: 2007
Country of origin: United Kingdom
Regulation: Unregulated
Payment options: WebMoney, Liberty Reserve, e-gold, credit cards and bank wire
Minimum account size: $1
Minimum lot size: 0.0001 lots
Leverage: up to 1:500
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Interest rate on account balance
Muslim-friendly accounts with no overnight interest
Extremely low minimum account size and trade amount
Disadvantages:

No important disadvantages
Click here to open an account with Forex4you

MasterForex — Forex Broker

MasterForex:

Company: Beaverhead Financial Inc.
On-line since: 2006
Country of origin: Russia
Regulation: Unregulated
Payment options: PayPal, Wire transfer, WebMoney and Liberty Reserve
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: up to 1:500
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 trading platform
Trading from $1
Muslim-friendly Forex accounts
WebMoney and Liberty Reserve deposit/withdrawal options
Disadvantages:

No important disadvantages
Click here to open an account with MasterForex

Ava FX — Forex Broker

Ava FX:

Company: Ava FX
On-line since: 2006
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: WebMoney, PayPal, Moneybookers, Western Union, e-gold, credit cards and bank wire
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:200
Spreads: 3 pips on EUR/USD
Advantages:

Variety of billing options available
CFD, Forex, metals and oil trading
Disadvantages:

No Metatrader 4 software support
Click here to open an account with Ava FX

LiteForex — Forex Broker

LiteForex:

Company: Straighthold Investment Group Inc.
On-line since: 2004
Country of origin: Cyprus
Regulation: Unregulated
Payment options: WebMoney, Moneybookers, Liberty Reserve and AlertPay.
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: from 1:50 to 1:500
Spreads: 3 pips on EUR/USD
Advantages:

Metatrader Forex broker
WebMoney deposit/withdraw method
Very low minimum deposit to start trading
Disadvantages:

No important disadvantages
Click here to open an account with LiteForex

Plus500 — Forex Broker

Plus500:

Company: MeVideoCY Ltd.
On-line since: 2009
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Credit cards, PayPal and wire transfer
Minimum account size: $50
Minimum lot size: 0.1 lots
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:

Forex, CFD, commodities and index trading
Bonus on deposit
Free $20 bonus upon account opening
Disadvantages:

No MetaTrader 4 platform
Residents of Russia, Ukraine, Belarus and some other post-Soviet countries aren't allowed to open an account
Click here to open an account with Plus500

InvestTechFX — Forex Broker

InvestTechFX:

Company: InvestTechFx Technologies Inc.
On-line since: 2006
Country of origin: Canada
Regulation: Registered in Canada under Canada Business Corporation Act.
Payment options: Bank transfer, PayPal, Moneybookers and credit cards
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: from 1:1 to 1:500
Spreads: 1 pip on EUR/USD
Advantages:

MetaTrader 4 Forex broker
Low spreads
Muslim-friendly accounts available
Disadvantages:

No important disadvantages
Click here to open an account with InvestTechFX

FxCompany — Forex Broker

FxCompany:

Company: FxCompany Ltd
On-line since: 2006
Country of origin: Mauritius
Regulation: Is a licensed provider of investment adviser services and regulated by FSC (Financial Services Commission) of Mauritius. License no. C109007280, issued on 25.03.2009.
Payment options: Wire transfer, WebMoney, Moneybookers and Liberty Reserve
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 0.8 pip on EUR/USD
Advantages:

MetaTrader broker
Informative website
Contests of traders
Forex, futures, CFD, metals and oil trading instruments
Muslim-friendly accounts without overnight swaps
Disadvantages:

No important disadvantages
Click here to open an account with FxCompany

IS Markets — Forex Broker

IS Markets:

Company: IntelliSource Markets, B.V.
On-line since: 2009
Country of origin: Netherlands
Regulation: Incorporated in Nevis (certificate #19 of 2009).
Payment options: Wire transfer and credit cards
Minimum account size: $250
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 2-3 pips on EUR/USD
Advantages:

MetaTrader trading platform
Islamic accounts available on request
Disadvantages:

Relatively high spreads on Forex pairs
Click here to open an account with IS Markets

Saxo Bank — Forex Broker

Saxo Bank:

Company: Saxo Bank
On-line since: 1999
Country of origin: Denmark
Regulation: Saxo Bank is an officially registered European bank.
Payment options: Wire transfer
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
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
Click here to open an account with Saxo Bank

X-Trade Brokers — Forex Broker

X-Trade Brokers:

Company: X-Trade Brokers S.A.
On-line since: 2006
Country of origin: Poland
Regulation: Regulated by the Securities and Exchange Commissions of Poland.
Payment options: Bank wire
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: 1:100
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
Click here to open an account with X-Trade Brokers

Finotec — Forex Broker

Finotec:

Company: Finotec Trading UK Ltd
On-line since: 2005
Country of origin: United Kingdom
Regulation: Authorized and regulated by the Financial Services Authority (FSA Register Number 470392).
Payment options: Bank wire, PayPal and credit cards
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:200
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
Click here to open an account with Finotec

MF Global — Forex Broker

MF Global:

Company: MF Global UK Limited
On-line since: 2002
Country of origin: United Kingdom
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
Leverage: 1:40 (1:10 for CFD)
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
Click here to open an account with MF Global

IG Markets — Forex Broker

IG Markets:

Company: IG Group
On-line since: 2001
Country of origin: United Kingdom
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 Moneybookers
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:50
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
Click here to open an account with IG Markets

CMC Markets — Forex Broker

CMC Markets:

Company: CMC Markets UK Plc
On-line since: 2005
Country of origin: United Kingdom
Regulation: Registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
Payment options: Wire transfer, credit cards and checks
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:

Competitive spreads
Disadvantages:

No Metatrader 4 software support
Opening an account is a complicated process
Click here to open an account with CMC Markets

GCI Financial — Forex Broker

GCI Financial:

Company: GCI Financial Ltd.
On-line since: 2002
Country of origin: Belize
Regulation: Registered by International Financial Services Commission of Belize.
Payment options: Wire transfer, credit cards, PayPal, Moneybookers, WebMoney and check
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Advantages:

Indexes and CFD trading available
Muslim-friendly Forex broker
MetaTrader 4 trading platform
Web-based platform
Disadvantages:

No important disadvantages
Click here to open an account with GCI Financial

VarengoldBankFX — Forex Broker

VarengoldBankFX:

Company: Varengold Wertpapierhandelsbank AG
On-line since: 2008
Country of origin: Germany
Regulation: Registered German bank
Payment options: Wire transfer
Minimum account size: $1,000
Minimum lot size: 0.2 lot
Leverage: up to 1:100
Spreads: 3 pips on EUR/USD
Advantages:

Serious banking institution
MetaTrader 4 trading platform
Disadvantages:

Higher than normal minimum position size
Opening a trading account is a complicated process
Click here to open an account with VarengoldBankFX

FxPro — Forex Broker

FxPro:

Company: EuroOrient Securities and Financial Services Ltd.
On-line since: 2008
Country of origin: Cyprus
Regulation: Regulated by the Cyprus Securities and Exchange Commission (license #078/07).
Payment options: Wire transfer, credit cards and PayPal
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 1.8 pips on EUR/USD
Advantages:

MetaTrader 4 trading platform
Really tight spreads
Disadvantages:

No important disadvantages
Click here to open an account with FxPro

DeltaStock — Forex Broker

DeltaStock:

Company: Deltastock Inc.
On-line since: 2001
Country of origin: Bulgaria
Regulation: Regulated by the Financial Supervision Commission and the Bulgarian National Bank.
Payment options: Wire transfer, credit card and Moneybookers
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: variable from 0.1 pip and fixed 2 pip spread on EUR/USD
Advantages:

Supports MetaTrader platform through MetaTrader Bridge
CFD, metals, commodities and Bulgarian stocks trading is available
Both stand-alone and browser platforms are available
Both variable and fixed spreads are available
Regular trading contests
Disadvantages:

Opening an account is a complicated process
Click here to open an account with DeltaStock

GDI Markets — Forex Broker

GDI Markets:

Company: GDI Markets Limited
On-line since: 2007
Country of origin: United Kingdom
Regulation: Regulated by the Financial Services Authority (FSA reference #458099).
Payment options: Bank wire
Minimum account size: $10,000
Minimum lot size: 0.1 lot
Leverage: from 1:12.5 to 1:100
Spreads: 3.5 pips on EUR/USD
Advantages:

Forex, CFDs, stocks, ETFs and metals are available for trading
Disadvantages:

No MetaTrader 4 support
Commission on low-size positions
Opening an account is a complicated process
Click here to open an account with GDI Markets

Prime4x — Forex Broker

Prime4x:

Company: Prime Forex LLC
On-line since: 2008
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Wire transfer and credit cards
Minimum account size: $100
Minimum lot size: 0.01
Leverage: 1:100, 1:400 and 1:500
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 trading platform is available
Promotional bonuses
Disadvantages:

No important disadvantages
Click here to open an account with Prime4x

FXCH — Forex Broker

FXCH:

Company: Foreign Exchange Clearing House Ltd
On-line since: 2004
Country of origin: Switzerland
Regulation: Unregulated
Payment options: WebMoney, AlertPay, wire transfer
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: 1:500
Spreads: 1 pip on EUR/USD
Advantages:

MetaTrader 4 platform
Muslim-friendly Forex broker
Tight spreads with high leverage
Disadvantages:

No overnight interest
Minimum account size is rather high
U.S. citizens can't join
Click here to open an account with FXCH

BroCo — Forex Broker

BroCo:

Company: BroCo Investments Inc.
On-line since: 2003
Country of origin: Mauritius
Regulation: Licensed by the Financial Services Commission of Mauritius.
Payment options: Moneybookers, WebMoney, credit cards and wire transfer
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Asset management services
Various traders' contests
Disadvantages:

Opening a trading account isn't an easy process
Click here to open an account with BroCo

Forex Place — Forex Broker

Forex Place:

Company: Forex Place Ltd.
On-line since: 2009
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: Credit card, wire transfer, Moneybookers, Neteller and EcoCard
Minimum account size: $100
Minimum lot size: 0.01 lots
Leverage: 1:300
Spreads: 3 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Trader bonuses
Forex trading education
Islamic trading accounts are available
Disadvantages:

Spreads are relatively high
Click here to open an account with Forex Place

MoneyRain — Forex Broker

MoneyRain:

Company: Money Rain Corporation
On-line since: 2006
Country of origin: Austria
Regulation: Licensed by FCSM (Russian Federation, license number: 078-10332-100000).
Payment options: Moneybookers, bank transfer, scratch-card, WebMoney, RBK Money and credit card
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 1-3 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Interest rate paid on trading account balance
Disadvantages:

No important disadvantages
Click here to open an account with MoneyRain

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