FXCM with NT, or NT Brokerage?


#1

Heard that NT brokerage now has the option to use them for forex? So the question for me is should I go with FXCM and use NT, or go to Ninjatrader Brokerage and do forex directly there? I know that FXCM needs 2000 to open an account, I don’t know how much NT needs, I know the margin requirement for FXCM, but I don’t know the margin requirement for NT with Forex. and the biggest problem is that as a newb, I don’t know yet what I don’t know about the difference between the two…I was looking for this type of information on the site directly dealing with account size neccesary information and margin information with forex, but couldn’t find it on their site… Up to this point, I was planning on going with FXCM, but I don’t know if that is the wisest choice… Anyone with information and advice on this one?

Greatly appreciated, Josh


#2

Go with NT as then you can also open a futures account there and only need a single broker license to have both a futures account and a forex account at NTB.

Margins are the same. 50:1 on majors and 25:1 on minors

Opening deposit is the same. $2k

NT is now a IB of sorts for FXCM

https://www.ninjatraderbrokerage.com/get_started/forex

https://www.ninjatraderbrokerage.com/sites/default/files/pdf/FX_Spread_Margin.pdf

All this info is on their site.


#3

Thanks Darrell, makes this simple!!