FX Intelligence (formerly FXIntel) – live broker comparison intelligence

2 Comments

FX Intelligence (formerly FXIntel), a recently launched site (still in Beta), provides a very interesting tool that allows traders (and brokers) to compare live spreads from various brokers.

The Live tool allows you to monitor broker performance by tracking down their rates for various currency pairs over a time span of a few hours and up to one day. The most useful and immediately attractive tool is the table which compares 16 currency pairs and 14 brokers who provide their quotes. The tightest spreads are highlighted in green and they immediately let you see who the brokers with the best rates are. The more green ‘cells’ the broker has the better its spreads are across several instruments.

For those interested in more in-depth analysis FX Intelligence provides several visual charts which display top 5 brokers for a given currency pair and top 5 brokers in the past 12 or 24 hours. Each currency pair has its leader but the top 3 brokers with the most ‘green’ cells at the time I reviewed the site were FXOpen MT4 ECN (I wrote about the platform here), ATC Brokers (an introducing broker) and UMGFX (which was ordered to withdraw from its NFA membership back in 2007) .

This is an important tool that finally takes the broker review sites to the next level: instead of reading biased and non-biased reviews traders are able to track broker performance real time. Hopefully the platform is connected to live accounts and not demo ones otherwise the tool won’t be 100% accurate as some brokers tend to display different spreads at their demo and live accounts.

fxintel







TAGS: , , , , , , , , , , , , , , , , ,
 

Related posts:

More information on this subject is found in the latest Forex Magnates Quarterly Report


2 Comments on this post

Trackbacks

  1. Matthias Beckmann said:

    Kudos to FXIntel for pulling together this list of brokers. Integral in a related move publishes real-time tick-by-tick market data on http://www.TrueFX.com. We are not a broker but a neutral technology vendor. It makes for an interesting comparison!

    November 16th, 2009 at 3:50 pm
  2. Brian Johnson said:

    Michael, thank you, I appreciate the review.

    I apologize to anyone who experienced slowness on the site today. Our site traffic had already increased significantly, then thanks to the surge we experienced from this post, we now know the limits of our servers. Technology tests are exactly what beta periods are for, upgrades are underway!

    To address the concern regarding live vs demo data, our data is sourced from direct live feeds, or feeds which are independently confirmed as live-accurate. Data integrity & accuracy is of the utmost importance to our site and its objective.

    My thanks to all of those who emailed feedback!

    Brian Johnson
    FXIntel.com

    November 17th, 2009 at 1:15 am

We do not store your information and we do not disclose our sources.


Leave your name/email (not required) if you'd like to be contacted about this story (will not be disclosed):



Digital Currencies

Executive Moves

Startups & New products

LMAX Exchanges Investigates Bitcoin Trading While FXOpen Goes ‘All In’

Stating that they "believe digital currencies are here to stay", LMAX Exchange COO, Scott Moffat provided an update on his firm's interest in bitcoins and...

eGifter Now Offering Incentives for Payments Via Crypto Coins

You may remember last year New York-based eGifter, the popular electronic gift provider, began offering customers in September the choice to pay with Bitcoins, whilst...

Tokyo District Court Commences MtGox Bankruptcy Proceedings, Appoints Trustee

MtGox has today issued a document on its website from attorney Nobuaki Kobayashi. It states the Tokyo District Court’s order to commence bankruptcy proceedings, his appointment...

More Digital Currencies

Executive Vice President Joseph Wald Leaves GTX, GAIN Capital’s Institutional Division

Recruited only a year ago to lead the institutional business of GAIN Capital and "achieve our goal of becoming a market leading ECN in the...

kantox

Kantox Partners with FX Industry Veterans to Form European Advisory Board, CEO Comments

Co-founder of the The UK-based firm which operates a unique dual model, tells Forex Magnates that the company 'brings light to an opaque market', following...

Michael Quirk, Ariel, Head of Global Software

Michael Quirk Joins Ariel As Head of Global Software Sales

Michael joins Ariel from X Open Hub where he was Manager of Institutional Sales for over a year. Prior to that, he spent four years...

More Executive Moves

New Product Spotlight

IG_MarketsIG_logo

IG Markets the Latest Broker to Launch Web TV After Dukascopy and Saxo TV

Former Bloomberg and BBC presenters Jeremy Naylor and Sara Walker, will be the faces behind IG’s newest marketing initiative as it challenges other well known players in the field of broker-run web TV.
Read more

OANDA Launches Retail FX Tools Marketplace, Forex Magnates Reviews

OANDA opens a Marketplace featuring apps, training, and MT4 plugins developed by the broker and its partners to provide its clients with vetted tools and services. Forex Magnates reviewed the new offering.
Read more

More Startups & New Products

Forex Research

Recent Comments

Note: Copyright © 2014 Forex Magnates. All rights reserved.

All materials contained on this site are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Forex Magnates. You may not alter or remove any trademark, copyright or other notice from copies of the content. All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at Forex Magnates are those of the individual authors and do not necessarily represent the opinion of Forex Magnates or its management. Forex Magnates has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by Forex Magnates, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. Forex Magnates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2014 "Forex Magnates Inc. - Home of the Forex Elite" All Rights Reserved.