After several hundred hours of research, testing, and phoning customer support, the forex team at StockBrokers.com has released the results of the 2011 Forex Broker Review.
Watching our guys conduct this review over the last few months was exhausting in itself. After I finished the 2011 stock broker review in January I was beyond whipped. Testing platforms and going through broker websites becomes taxing after the first 100 hours or so.
In total there were 16 forex brokers covered. The review is pretty lengthy and is broken down into seven categories. Each category has its own outright winner alongside runner ups:
- Trade Costs
- Platforms & Tools
- Research & Commentary
- Education
- Customer Service
- Investment Offerings
- Mobile Trading
The overall winner this year was MB Trading followed by thinkorswim by TD Ameritrade and a tie for 3rd between GFT and Alpari. The official breakdown point wise has not yet been posted on the site’s blog but I can tell you that the difference between #1 and #2 this year was extremely close.
Overall there is a lot of strong insight into what forex brokers in general are offering now a days. With both beginner and advanced categories covered it is a good read for any investor who already trades forex or has considered getting started.
Do you trade forex? If so, what broker do you use and do you agree with the review results? Comments are open on this post so feel free to discuss.
Curious why OANDA is not included in your FOREX Brokerage review?
StockBrokers.com just moved into forex mid this year so the guys only had time to cover so many brokers for this first review. Oanda isn’t even covered on the site yet so couldn’t include them in the full review even if we wanted. With that said, Oanda is in the que and you should see our initial review, http://www.stockbrokers.com/onlinebrokerreviews.html, included in the next month or so.