Currenex is a trading platform used for trading spot Forex and CFDs. It mostly focuses on linking Forex traders through their ECN (Electronic Currency Network). When using Currenex Forex brokers, traders can spot forwards and swaps through STP (Straight through Processing) technology. The platform developer, Currenex Inc, has a few patents to its name on low latency execution tech.
If a trader chooses a Currenex Forex broker, they will be able to have access to a deep liquidity, which industry Giants such as Goldman Sachs, provide. Currenex is aimed at those who have more experience in Forex trading. It is not a platform that is particularly suitable if you are just starting out with trading Forex. Its complexity is too demanding for that. It has a range of execution algorithms and order types in addition to reporting tools that are advanced. It is a platform that is based on Java, so there is no need to install anything.
What are Currenex FX Brokers?
Currenex Forex brokers are brokerage firms that have the multi-dealer trading technology that offers a trading platform tailor-made for institutional and Forex traders with large investments. Currenex prides itself as a source of advanced Straight Through Processing trading strategies, instead of an Electronic Communication Network. Currenex is quite familiar with institutional traders and traders with large assets, due to its ability to offer prices from multiple liquidity providers and price execution with real time.
The Currenex trading platform is known for using a technology to compare and compile liquidity from a range of sources. Currenex has an option to stream online, which offers traders to connect with over seventy banks at the same time and provide the best Bid and Ask prices. This allows traders to handle their trading positions in very competitive rates, spreads, and commissions.
Traders have provided their feedback, claiming that the trading platform is mostly designed only for banks and other financial entities with mutual funds. With the expanding competition in the FX market, many Forex brokers are offering Currenex through a White Label (WL) agreement, which allows clients the benefit of low spreads and rapid execution.
Currenex Forex Brokers List
 | Regulation: CySec Min. Deposit: $/€/£ 5 Leverage: 1:500 Spreads: Low as 0.4 pips | |
 | Regulation: ASIC, CySEC Min. Deposit: $/€/£ 100 Leverage: 1:500 Spreads: Ultra Tight from 0.0 pips | |
 | Regulation: MSFA, BaFin, FCA, Min. Deposit: $250 Leverage: 1:100 Spreads: Low as 1.2 pips | |
 | Regulation: CySEC,FCA,ASIC Min. Deposit: $/€/£ 5 Leverage: 1:500 Spreads: Low as 0.1 pips | |
 | Regulation: ASIC,JFSA,FSCA Min. Deposit: $/€/£ 250 Leverage: 1:400 Spreads: Floating from 1 pip | |
 | Regulation: ASIC Min. Deposit: $/€/£ 200 Leverage: 1:500 Spreads: Low as 0.0 pips | |
 | Regulation: CySEC,FCA,ASIC Min. Deposit: $/€/£ 200 Leverage: 1:30 Spreads: Variable | |
 | Regulation: FCA Min. Deposit: $/€/£ 250 Leverage: 1:30 Spreads: Low as 0.1 pips | |
 | Regulation: CySec Min. Deposit: $/€/£ 10 Leverage: 1:1000 Spreads: Floating from 1 pip | |
 | Regulation: IFC Min. Deposit: $/€/£ 10 Leverage: 1:500 Spreads: Low as 0.0 pips | |
 | Regulation: FSCA Min. Deposit: No min Deposit Leverage: 1:500 Spreads: Low as 1.6 pips |
There are many available. Some, such as FXCM and FXDD are mentioned as partners on Currenex’s website. Currenex is popular among hundreds if not thousands of traders and institutions alike that connects traders with many providers of liquidity.
Advantages of Using Currenex
We like many things about Currenex. For example, the partial order option shows the fill stages transparently and clearly, which is different from other platforms that support partial orders. Also, it can be accessed directly from your desktop PC and this means it is very easy to use. The fact that it is easy to use means that potential traders will enjoy the features and facilities that the platform offers.
One of the main advantages of Currenex Forex brokers is that they do not have a spread. During Forex trading, traders calculate their profits and losses with spreads. Spreads, however, are very problematic for scalpers who are constantly part of the trading day, with at least a couple of hundreds trading operations, While opening a trading session, each and every traders is bound to face financial loss due to the spread. With Currenex, they offer floating spreads at 0.4 to 0.9 points at an average; they also offer the opportunity for traders to leave trading sessions with break even during the start of the trading session.
Reduced Costs
With the Currenex trading platform, there are reduced spread costs, which is accomplished with the fact that the import quotations are performed simultaneously with many of the biggest market makers. This has led the system to choose the most preferred price for the particular transaction at the time of the trading session. These specific conditions are perfect for scalping, and they are appreciated among other trading strategies. Reduced spread costs also reduce the costs of entry and exit from the financial markets.
Fast Execution
Another benefit of Currenex Forex brokers is the fast execution of the trading transactions. With this specific trading platform, transactions take place in several seconds, all with one click! This means that the conditions of the financial markets, and other factors, do not influence on the speed execution. The trading platform does not slow down, even with all the volatility of the financial markets, and the possibility of a news outlet.
Extensive Technical Support
The final advantage is the constant technical support that Currenex provided to traders, both novices and experts. The technical support is available at all times, with several languages as options for traders.
Wrapping It Up
Currenex is a successful and easy to use social platform for Forex trading. Many brokers are compatible with Currenex but beware of new brokers who perhaps don’t have the necessary regulations that are needed in your country.
