Why Trade FX?
Low Cost Trading
No clearing fees, exchange fees, government fees, brokerage fees or commissions.* Brokers are compensated for their services through the bid/ask spread (the bid/ask spread can be less than 0.1% under normal market conditions, depending on leverage).
Leverage
In forex trading a small margin deposit can control a much larger total contract value (up to 100:1 leverage). This high degree of leverage can lead to large losses as well as gains and requires proper risk management.
Strong Liquidity
The forex market is large (over $3T daily volume) and extremely liquid. Under normal market conditions traders can buy and sell instantaneously and do not get “stuck” in a trade. Traders can even set the online trading platform to automatically close a position at the desired profit level (a limit order), and/or close a trade if a trade is going against this position (a stop loss order).
Free “Demo” Accounts, News, Charts, and Analysis for Traders
Traders need only a computer and internet connection to begin trading. Free demo accounts are available that allow traders to practice trading, and access real-time forex news, analysis and charting services.
Trade FX 24 hours per day, 5.5 days per week**
The TradeMavenFX platform offers access to the forex market from Sunday evening to Friday afternoon. The extended hours provide superior flexibility for traders to trade on their own schedule. Technical support is also available during trading hours.