Archive for January, 2012

Spreads Widget And Contest Update

Monday, January 23rd, 2012

We’ve just released a spreads widget allowing you to embed the spreads data in your own website. Simply click the ‘add to your site’ button and use the code shown:

The widget will provide the same real-time data as in Myfxbook.

Moreover, 5 more brokers were added to the spreads comparison: Alapri US, Vantage FX, Gallant Capital Markets, AxiTrader and Ava FX.

As to the contest – we’ve reached almost 1500 competitors – if you haven’t registered yet, please do so now as the registration ends in 9 days.

An important update regarding the trading terms – the maximal order size will be limited to 1 lot.

Have a great week!

The Myfxbook team.

New Trading Contest!

Sunday, January 15th, 2012

We’re excited to announce the first trading contest for 2012! :)

The contest is held from February 1st to February 28th on a demo account – $4000 in total prizes will be given out to the top 3 traders:

1st place – $2,500

2nd place – $1,000

3rd place – $500

Registration has just opened, so hurry up and register!

The contest is sponsored by Vantage FX, an online Forex trading arm of Enfinium Pty Ltd which is authorised and regulated by the AFSL 322081.

Happy Sunday!

The Myfxbook team.

Most Advanced Real-Time (Real) Spreads Comparison Engine

Tuesday, January 10th, 2012

You’ve probably seen spread comparison engines before, however there is a common flaw in those enginesĀ  – they compare demo spreads which are not representative of real spreads.

We’re proud to introduce you the most advanced real-time forex spread comparison engine out there, using real spreads only!

What’s so advanced here you ask? Here’s the complete list:

  • Real-time spreads comparison
  • Covers over 45 brokers
  • Covers 55 currency pairs
  • Distinguishes between different accounts types in the same broker (fixed spreads, ECN, NDD, etc’).
  • Real spreads sampled from over 10,000 real accounts (no demo spreads!)
  • Determines brokers with better spreads for any time period you choose (up to 48 hours back), in real-time.
  • Determines spread averages and changes between different trading sessions.
  • Data is adjusted to match your local timezone
  • Provides broker’s time in real-time
  • Spread charts can be saved to an image with a click of a button
  • Plots economic events on spread charts for a better understanding of a spread’s volatility.

You can control which spreads and which brokers to compare using the ‘more’ button. Clicking on a specific spread will reveal the spread’s high, low and average for each minute for the past 48 hours, among other metrics such as session averages and changes, and brokers with better spreads, based on the time frame viewed in the chart.

Please note that although spreads are a major factor in choosing a broker, they do not represent execution quality, slippage, commissions, or any other fees of a broker.

The new section can be found under the ‘Home’ tab or at the bottom menu, under ‘Tools’:

As always, let us know if you have any suggestions, comments or general feedback.

Regards,

The Myfxbook team.