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Hi,
I have dealt with 2 forex brokerage companies. The first one is a local
company here in Australia (Ord Minnett). They required an account of
A$10,000 to trade and charge huge commisions. The second company is Currency
Management Corporation(CMC) in London. You need trading experience and
US$20,000 to open an account.
CMC charge no commisions, only the spread which for most curriencies is only
five points. I do almost all my deals via there internet trading program -
marketmaker.
At times, trading over the internet can be unreliable but there phone
service is very good(you can mix internet and phone orders). Through
marketmaker you can place orders and have access to free live quotes,
graphs, up-to-date account balances and position information.
Regards,
Simon Trevor
At 06:34 17/10/97 -0500, you wrote:
>
>Dear Sirs/madams,
> Could anyone tell me of a good brokerage fund that trades
>Spot Cash Currency.
>
>Regards,
>Douglas.
At 23:37 18/10/97 -0700, you wrote:
>> Hi, Realtraders,
>
>I want to short some Hong Kong dollars. I could not do it in CMEbecause
>there is no futures contract for it. I guess the only way is
>in forward market. Does anyone know a good discount broker
>in the forward currencies market? (Especially for the little guy, i.e.
>individual investors. ) Do forward market brokers usually handle
>an account between US$50,000 and US$100,000?
>Thank you!
>Mervin.
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