Broker Rankings

The following is my opinion of the top Forex brokers:

1) Interactive Brokers (http://www.interactivebrokers.com/): True interbank, the best spreads probably the best broker for the true professional. The one downside is it is only beneficial to trade through them if you have a large account. This is the reason I am not trading through them(fx), however when I do get my account above 30-40k I will move over to Interactive Brokers. I am using Interactive Brokers for a self-directed Roth IRA and a regular brokerage account.

2) Oanda (http://www.oanda.com/): I currently use Oanda as my primary broker. First class organization, I have had a problem and they fixed it no questions asked. By the way that is the only way you know if a broker is good...that is to have an issue and their positive response.

3) EFX Group (http://www.efxgroup.com/): I do not have an account with nor have a ever had an account with them. I have heard some really good things from other people and they have a great setup. Their spread are some of the best and their commission is not bad. The one downside I heard is their swap rate has a little to be desired. I'm thinking of opening an account with EFX to check them out a little closer.

4, 5) http://www.forex.com/ and http://www.fxcm.com/ I think both of these brokers are good reputable brokers. Yes, some people don't like them but it is the minority.

6) http://www.interbankfx.com/ : I do have an account with InterbankFx. They are ok, to tell you the truth I don't trade through them very much. One of the main reasons I do trade with them is they have Meta Trader platform. I hope to get some automated strategies in the near future so that is why I currently use them.