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General Information |
| Brokerage name: Currency-Trader.com
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| Minimum account size: $3000-$5000
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| Base commission rates: $5-$6
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Brief explanation of margin rates, if applicable:
N/A
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| This brokerage has been in business for: 2-5 years
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| Primary type of broker: Futures
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Brief description of services offered:
We offer discount as well as full service brokerage. We do not trade on the futures market but on the Foreign Exchange which is the largest market in the world and trades 24 hours a day.
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Account Information
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Types of trading accounts offered:
| Full Service
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On-Line Full Service
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On-Line Discount Broker
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| Customers online account information is updated: Up to the minute
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Types of trades offerered:
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| Other trade types: Currency Interbank Market
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Types of quotes offered to customers:
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Execution methods offered:
| Electronic direct access trading(SOES, SNET and the ISLD ECN)
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Online Broker(trade desk)
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Broker
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Exchanges covered:
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| Setup or initial costs to set up an account: 0
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Features
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Types of services offered to customers:
| Technical Analysis
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Fundamental Analysis
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Basic -charts & graphs
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Advanced- charts & graphs (technical indicators, ability to change parameters, etc.)
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| Head line news
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Ways customers can access their trading account:
| Internet
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Telephone
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Broker
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| Allow stop, limit, and stop limit orders? Yes
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| Charge extra for stop, limit, and stop limit orders: No
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| Offer 24 hour customer support: Yes
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| Offer tax planning advice: No
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Additional Comments
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Special features included in the service are:
Real time quotes, news and charts. Real time account status. Technical charting.
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This broker's service is better than the competition in these areas:
200:1 leverage on clients funds. Real time account status. Real time quotes, news, and technical charts. Funds are insured by a Fidelity Bond dollar for dollar.
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Types of security precautions taken for customers:
There are suitability requirements which do not allow individuals who cannot afford to participate in this market.
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Communications during systems failures has been assured through:
24 hour access to the trading desk via telephone.
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The major plans for upgrading the current level of trading service are as follows:
We have implemented a trader to trader service which allows traders to deal direct with other clients without paying commissions.
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