Forex Trading Online Service Alpari?
http://www.alpari.co.uk/
I know what the company does on a very brief note, such forex trading online using various software etc. But What I wanted to know is, what the hell is a PIP! also what is there jurisdiction limitations so what services can they offer and cant etc.
Also what makes a good online forex trading account etc. I was reading the not receiving re-quotes is good etc.
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Tagged with: Alpari • cant • Company • jurisdiction • online forex trading • pip • service • software • software etc • trading
Filed under: Forex Software
A pip, depending on the currency is 1cent so when trading Cable (GBP/USD) you place a trade with a profit limit level of x number of pips – 20 pips would be 20 cents and so on.
I use Alpari for the charts on the Metatrader platform they use – which you can download for free. Their spreads are pretty good, but for tax reasons I mostly use IG Index for trading, which is a spread betting platform.
Not sure about the jurisdiction limitations you refer to – without knowing which country you are based in. If you are based in the UK there are none I know of.
What makes a good account is stability of the platform (most FX providers tend to use Metatrader so that isn’t really an issue) and speed of processing orders – you will get some slippage when the market is moving very quickly, the best way to minmise that is by using OTO orders (orders to open) that automatically trigger an order when a price reaches a certain level. Most important of course is the spread – e.g the number of pips the provider charges for entering a trade – which does vary enormously.
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