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The question is, are the APIs of equal properties, documentation and stability. Can you list a couple of your top API supporting brokers?

Hello, Can anyone please tell me which forex brokers support order execution through an API, and perhaps even data access through API? Thanks in advance.

Hello, If anyone here has an account with CMS, please post your opinion and experiences. Thanks.

I was also looking for an answer to this question. The closest thing I managed to find, is automated trading using VT Trader - which is a forex trading platform - by CMS (http://www.cmsfx.com) The scripting environment is not as nice as in Wealth Lab, but still, I found VT Trader to be a...

Grrr.... what do you mean by "stops are not guaranteed anymore"? Many brokers claim that stops are honored as they are, and a handful of forex guides claim this as well - are you saying that these brokers/guides are incorrect? Based on what, if I may ask? These are disturbing news for me...

Sure. Every input is good.

Yes Chood, thanks. It is a good advice indeed. I do not consider Futures to be beyond my reach, its just that the non-regulated, 24 hours, highly-liquid, highly-leveraged market seems to be more attractive than exchange-based markets. Also, I am only assuming that some of the Forex...

It seems as if the reputation of Forex trading is not so healthy. There must by some honest brokers that wont rip you off. Naive?

Using this as a segue back to the topic of this thread - where can I find a list of good, honest forex brokers? I tried the only reference I have and looked at http://www.cftc.gov/ but was unable to find clear answers I have tested quite a few forex trading platforms (demo accounts) but I...

Well let me see... a dude with Merchant as a last name, talking about the shell game, and being suspected by fellow posters as being a shill... yup... makes sense :)

Interesting. Can someone comment on this - is this a standard practice with other brokers as well, or is RefcoFX unique in this sense?

Too much coffee will kill you... :) Why so angry?

Thank you all, very helpful. uninvited_guest, another question rises based on your explanation, if I may. Based on what you are saying, if I open another (second) 50k position, with $250, than the maximum loss on both positions is smaller (i.e. the remaining $500 in unused margin), and...

Good comment. Say, what is a "requote"? Also, do you mind mentioning the name of the good broker, or what is the name of the platform they use?

Hello, I am trying to understand exactly how margin in a Forex account works. The information provided by the different brokers/dealers is vague at best. I believe I can sum up my confusion in one question: Is margin calculated per position or for the entire account? An example...

Joey, I am also beginning to study Forex trading. I would recommend you register for a few demo accounts with some of the brokers, and get their demo application so you can play with it. This gives a good feel of what you are up against. Some links. A quick summary of Forex...

Yeah, well this is also a disadvantage. I guess most of the good things said about forex trading are due to the fact that they are not centralized and not exchange-traded. But I will indeed check this alternative.

Thanks for the reference MTE. Indeed an interesting read. Where there is money, there are thieves... but I was surprised to see they talk about Refco, which I assumed is a respectable instituation. Well, back to the hunt.

I see. What were you thinkinking hiding the details from the new guy?!... :) Thanks for clearing this, I guess I should not worry then - as long as there are no commissions, I am good (or at least "better" than in the equity market)

This makes me wonder if I should ask "wow wow wow... what details?"....