Last year I wrote about the rise of spread comparison tools. The first and probably still the most popular was FX Intelligence.
However since then popularity of these sites hasn’t really grown much, in fact new traders are not obsessed with how low spreads are and experienced traders prefer execution over spreads or already know where to go.
Cyprus, August 8, 2011 – Forexpros, the leading global financial web portal, officially unveiled two forex broker comparison tools, the Quotes Comparison Tool and the Spreads Comparison Tool. These tools aptly accompany the launch of the Brokers Directory, which is the first of its kind to provide a professional-grade resource with advanced functionality and customization.
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The Quotes Comparison Tool provides real-time streaming quotes from the leading forex brokers for both real and demo accounts. The tool displays the current spread as well as the daily high & low prices for major currency pairs and features intuitive graphics that show the actual real-time changing of the spread. The tool also allows users to select a specific broker and compare different pairs, or alternatively to select a pair and use the tool to compare different brokerage firms.
Forexpros’ Spreads Comparison Tool further achieves the mission of creating a one-stop broker resource by equipping users with information on the average bid/ask spread in PIPs and allows users to compare the spreads offered during specific trading sessions. In order to provide the most in-depth and accurate comparison, Forexpros has enhanced the tool so that it takes into account the commission when calculating the PIPs spreads.
Founded in 2007, Forexpros is a definitive source for tools and information relating to the financial markets such as real-time quotes and streaming charts, up-to-date financial news, technical analysis, brokers directory & listings, an economic calendar, and tools & calculators. The site provides in-depth information on Currencies, Indices & Stocks, Futures and Options, Commodities, and Rates & Bonds. With a growing readership worldwide, Forexpros is a leading global financial portal that is constantly committed to launching innovative features and sections to ensure an optimal one-stop source for its readers.