Hi Im new to forex but I hope to be able to trade currencies in a kind of circular fashion (from one currency straight across to others before coming back to base again) with attention to currency correlations. To do this I have so far identified that I need to find a broker that deals in physical delivery of currencies.
During this investigation I have struggled to find any brokers that can deal with a process of this sort except for ODLsecurities (http://www.odlsecurities.com/uk/forex.html#) who seem to be relativly uncharted by most of the review makers and therefore it is hard to be sure as to whether they are trustworthy.
The reason I am under the impression that such brokers exist is because wikipedia provided me with this valuable piece of information;
"Retail forex brokers
There are two types of retail broker: brokers offering speculative trading and brokers offering physical delivery i.e. the bought currency is delivered to a bank account.
Retail forex brokers or market makers handle a minute fraction of the total volume of the foreign exchange market. According to CNN, one retail broker estimates retail volume at $25–50 billion daily, which is about 2% of the whole market. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks, and might be subject to forex scams" (http://en.wikipedia.org/wiki/Foreign..._forex_brokers)
Any thoughts on the subject would be well received and most helpful.
Thanks Andrew.
During this investigation I have struggled to find any brokers that can deal with a process of this sort except for ODLsecurities (http://www.odlsecurities.com/uk/forex.html#) who seem to be relativly uncharted by most of the review makers and therefore it is hard to be sure as to whether they are trustworthy.
The reason I am under the impression that such brokers exist is because wikipedia provided me with this valuable piece of information;
"Retail forex brokers
There are two types of retail broker: brokers offering speculative trading and brokers offering physical delivery i.e. the bought currency is delivered to a bank account.
Retail forex brokers or market makers handle a minute fraction of the total volume of the foreign exchange market. According to CNN, one retail broker estimates retail volume at $25–50 billion daily, which is about 2% of the whole market. Retail traders (individuals) are a small fraction of this market and may only participate indirectly through brokers or banks, and might be subject to forex scams" (http://en.wikipedia.org/wiki/Foreign..._forex_brokers)
Any thoughts on the subject would be well received and most helpful.
Thanks Andrew.