FxOpen

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Choosing an online forex broker can be a daunting task especially when many online forex brokers today offer the same bells and whistles - frequent up to date forex economic news and all the fancy charts and technical indicators that you can look at. The problem is that you normally need to sign up for an account to determine if the broker is the right one for you.

This FXOpen review shows you why FXOpen is an excellent choice to be considered.

1. Low spreads - Besides your forex trading strategies, the most important factor determining your profits is the spread, and FXOpen offers some of the lowest spreads around, sometimes as low as 0.5 pips.

2. Low capital required - FXOpen only requires $1 for you to start trading on a micro account and $25 for a standard account. Although I suggest you start off with a minimum of $500, this flexibility is good for those unwillingly to part with too large an initial capital outlay.