Options Trading and Forex

A quick question. I've been trading forex for a few years and I'd like to take a look at options trading. I realise this is quite different from the usual MT4 type spot trading I am used to so, as I did when I began trading spot, I want to initially open a demo account and trade with that until I am more familiar with it.

Can someone recommend a good site with forex options demo accounts?

OTC (over the counter options) can be traded through Saxobank and IKON Global. PHLX exchanges also offer currency indexes with options that you can trade through any stock broker, and the best liquidity that you will get are CME/globex futures contracts, but the sizes are very large (125,000 base currency per contract). Be careful if you are getting into options. Options are complex and it's not about predicting direction. Your success will depend on your ability to predict volatility.

Kris

Many thanks for the information Kris and thanks for the note of caution also.

I'll look into the companies you mention and also do a lot of homework before I do anything with options.