How to succeed trading forex. Choosing a good broker, forex software, reviews & tips.

We are delighted to announce that we, GL-Software has signed a partnership agreement with FXCBS Fienex Group as an Introducing Broker.


FXCBS is a true ECN Broker. Below is an explanation what an ECN broker is.

An ECN Forex Broker is like an interbank broker. They don't trade against you so there is no need to manipulate the price. They consolidate bank quotes and show you the best bid and offers available. Spreads are tighter, but you have to pay commissions. When you make a trade they pass it through to interbank.

A retail Forex Broker acts as the market maker for all your trades. They shade prices, widen spreads arbitrarily, and sometimes trade against you. Their basically modern day bucket shops. The advantages retail brokers provide are that you can open an account with very little money, they give you high leverage, and usually you can demo trade on their platforms until you learn what you're doing. Most of them also have micro and mini lots so you can trade very small sizes. Note: These advantages also applies to some of the ECN brokers like FXCBS.

Please also check the comparision table at the bottom of the page.


There are five main types of FX ECNs:

- Founded by Bank of America, Credit Suisse First Boston, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley Dean Witter and UBS
- Independent and venture backed by major market participants, e.g. Barclays Capital and Royal Dutch/Shell
- Owned by State Street
- Independent and venture backed by financial and major private investors
- Independent privately held venture capital-backed company

ECNs Style Trading

Leading the way in ECN Forex trading, unlike traditional spread-trading platforms, FXCBS operates an ECN (Electronic Communication Network) where customers can trade on prices streamed by multiple large banks and other organizations and clients; at FXCBS we ensure that all market participants are given an equal access and fair trading environment to best prices best spreads and fastest executions.

Finally a traders dream came through with direct access to the liquidity and prices of the world largest money center banks, and to our state-of-the-art trading platform that will allow you to trade at the best prices and tightest spreads available in the forex market Inter banks prices and spreads.

FXCBS offers two state of the art trading platforms to suit any business model. Our clients have the choice between our own FXCBS Central Station & MetaTrader 4 platform. FXCBS Central Station is designed for professional traders, it's simple, accurate and flexible. FXCBS MetaTrader4 has many features as a user-friendly front-end interface.

FXCBS Advantages

• Spreads as low as 1/10 of a pip on all majors.
• No dealing desk.
• No re-quotes.
• No conflict of interest, we don’t take the other side of the trade.
• Straight through processing with banks liquidity.
• Complete anonymous trading environment.
• All trading styles are welcome (no restrictions).
• 2 state of the art platforms to choose from.
• API connections to any 3rd party system.
• Full hedging capability.
• Free charts and news.
• 24/7 customer support.