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    • Forex Questions - Defining various terms?

    Posted by admin on July 30th, 2009 and filed under uk forex | 2 Comments »

    What are Swap Fees, and how are they calculated?

    How is the Margin level calculated, and when will they automatically close losing trades?

    Is there any kind of exchange rate with brokers in another country? For example, if I am trading a Demo Account with Alpari UK and I reside in the United States, will some of my profits be lost through any kind of conversion through their domestic currency (the pound)? Or, if I invest in say the EUR/USD, will any of my profits be lost through any kind of conversions from the EUR to the USD?

    Thanks in advance.

    http://www.forex.com/forex_glossary.html
    http://www.babypips.com/forexpedia/
    http://forexadvisor.us/
    http://en.wikipedia.org/wiki/Foreign_exchange_market
    http://glossary.reuters.com/index.php?title=Main_Page

    Which Forex broker is better, Interbank Forex or Alpari ?

    Posted by admin on July 24th, 2009 and filed under uk forex | 2 Comments »

    I’ve a demo account on Alpari Uk & other in Interbank Fx. Both forex broker have good features :
    Interbank FX : MT4 broker, no dealing desk, tight spreads, good customer service. Mini account for $250
    Alpari Uk : MT4 broker, tight spreads (better than Interbank Fx), good customer service but has dealing desk for live trading (5 - 15 seconds to accept an order). Mini account for $200. Withdrawal is more expensive in Alpari than in Interbank.
    I’m wondering if it’s better to trade Alpari Uk than Interbank Forex because I live in France, thus I’m closer to Alpari Uk than Interbank Forex (in Utah) .
    I’ve read some reviews and Alpari has better ranking than that of Interbank Forex.
    What do you suggest me ? which one is better to trade Forex Market ?
    Thank you
    To The Positronic Pimp : Why dealing desk isn’t an important issue? since non dealing desk brokers means faster orders passed, with a dealing broker there will be slippage for istance or requoting.

    I don’t really see what difference the distance makes. It’s all Internet and the forex market is a worldwide market, unless you were losing some money having to do with currency conversions with one and not the other, which doesn’t seem to be the case. As you said, and according to the source below which has forex broker ratings based upon invidudal traders opinions, Alpari (7.64) ranks better than Interbank Fx (4.81).

    I think I would agree with the answer above, all other things being equal, go with the lower spreads.

    Do I have to pay tax on forex earnings in the UK?

    Posted by admin on July 16th, 2009 and filed under uk forex | 2 Comments »


    If you are a full time forex trader you would have to pay tax as income tax. If you are trading on the side you may be able to claim it as capital gains tax. Also if you trade through a spread betting company you will not have to pay tax as gambling income is not taxable.

    You may want to consult a tax expert if the amount is sizeable as you may be able to restructure your earnings to reduce your effective tax rate.

    What uk-based forex broker do you use?

    Posted by admin on July 9th, 2009 and filed under uk forex | 1 Comment »

    Im preferably looking for some that offer a micro account, low leverage (to get me started), UK-based, and web-based trading software. Being able to demo trade for a few months would be great also. Thanks in advance.

    BritXchange

    *

    Who is a good/reliable Forex Broker on ECN platform preferably in the UK?

    Posted by admin on July 3rd, 2009 and filed under uk forex | 5 Comments »

    ALSO THE MT4 platform is a neccesity and mini accounts allowed.

    Here is a list of some of the broker that I have tried and received excellent results from:

    Finexo
    eToro
    ForexWebTrader
    easy-forex