If you ask about my opinion, I have been using DuraMarkets and XM lately. I am quite impressed by their services, platform, and withdrawals. You guys can also try but, your own research is very important. Consider the one what suits your trading style best.
Forex-Brokers.com offers reviews and news for all of the top Forex brokers. There is also a broker comparison page which will can help you decide which will provide the services you require most.
One of the best would be Questrade. Interactive Brokers, Credential Direct, TD Waterhouse, and Qtrade are also some decent Canadian discount brokers online.
n BrokersView, you can find more than 2000+ forex brokers and 5000+ user reviews. Also, you can compare brokers with different dimensions like regulations, deposit & withdrawal, trading nment, etc and find the most suitable broker by different forex broker ranking lists.
On many websites contain information on the Forex Exchange. However, the most trusted, popular and viewed website with this information is at Earn Forex dot com. The website is based on the Forex Exchange and can be more trusted than on opinionated websites and editable information websites like Wikipedia.
Many popular discount stock brokers can be found online. These online stock brokers include brokers such as TD Ameritrade, Etrade, OptionsKing, TradeKing, and OptionsExpress.
It depends on the forex broker and if they allow leverage. Most forex brokers offer leverages starting from 1:100 and as high as 1:500 Usually it's best to go for a leverage between 1:100 and 1:200
Using the most recent data from 2012, Deutsche Bank, Citi and Barclay are the top three forex brokers in the foreign exchange market. Please note that in addition to institutional clients, all three banks cater to retail client as well.
There are a lot of Forex brokers in the world, there are hundreds of them. However, they all differ as for the services they provide and their reliability. For example, the NordFX broker company is a licensed broker, has been awarded about 30 professional prizes, among those, it is the best broker of the world for the year 2015 according to MasterForex-V Academy and the most reliable broker for the year 2015 according to the Forex Awards.
Trading forex is legal and for most cases is not different from trading stocks (though you should check the law in your own country). There are some firms that present themself as forex brokers and are involved in illegal activity. Check if the broker is legit before opening an account!
The best, most up-to-date Forex software can be found online at Forex SB and Software Forex. The software can also be found at FX Street and Leverage FX.
Forex has often been touted by many brokers as "commission free" which was often technically true, but perhaps a bit deceiving. While most brokers did not charge commission such as you have in stocks and futures, there was a spread between the buy price and the ask price, and that spread is what broker got to keep. Spreads again vary from broker to broker and even from one Forex pair to another.Now there are some Forex brokers who have tightened the spreads, but add a little commission.The cost of doing a trade will vary from one Forex broker to another so you will need to do some comparison shopping. Though costs should not be the only consideration when choosing a broker.
It is not legal online. There is no regulation over the forex market in India except for a small segment of the equity market. You can invest in forex accounts through the NSE and the MCX. You need to have a trading account with them and the investments are in the form of derivatives. You are not buying or selling currencies. The returns are in the form of dividends and/or capital gains. These accounts can be opened with any bank. You can deposit money by cheque or cash or NEFT/RTGS. You can't trade in the forex market online.