C.I.M. Banque Forex Platform
CIM Bank is a leading Swiss Private Bank based in Geneva, Switzerland and has an option for it’s banking clients to also trade futures, Forex included. Swiss confidentiality in the private life of any individual is a fundamental value of C.I.M. Banque not to mention Switzerland has been known to be a nation for its economic and political stability even through some of the world’s toughest depressions and recessions, for its experience in banking services, for the reliability and expertise of its Private Bankers, and it’s excellence in client support, C.I.M. bank can be considered to be your IB for FXCM if you choose to open an account with this firm. Please check all applicable laws pertaining to overseas monetary transactions that govern your place of residence/business. CIM BANK offers quite a similar set of terms as FXCM as outlined below.
iForex.com
Iforex is a broker I have personal experience with. They offer a few different types of accounts including Standard, Professional, Mini, and Protected. The most interesting to me was the Protected account that “covers your losses” or so they said. First a little about Iforex and how they operate.
iFOREX operates a dealing desk for trading Forex, including spot and forward transactions which are the main financial trading apparatuses on the foreign currency markets.
iFOREX offers automated features and clear price transparency which allegedly allows you to trade without the concern of Price Manipulation. Only at iFOREX, the price you see is the price you get.
- Interbank Spreads 3-5 pips
- iForex Commission Free Trading
- 24/7 Account Access
- Over 60 Tradable Currency Pairs
- Secure Online Credit Card Payment more…
- Hedging Capability
- Maximum Leverage – Up to 400:1
- Guaranteed Stop Loss Level for Exposure Closing
- No Margin Calls
- (Negative balance protection) No Liability for a Debit Balance
- Immediate Future Profits Payments
- Instant Quotes Regardless of Market Volatility
IForex offers a few different account types, the most interesting being the “protected account” which claims to have your “losses covered.” IForex claims that The Protected Account works as a funded demo account, which allows you to:
- >Open a trading account with as little as $100.
- >Your deposit acts as a payment and allows you to trade up to 100 times that payment
- >Enjoy an attractive spread for a large selection of currency pairs
- > Make as many trades as you desire, 24 hours a day, using any currency pair.
- >At the end of the two-week period, any positive balance is yours to keep.
- > If there is a negative balance, iFOREX will have it covered.****
