Best Currenex Brokers: FX Comparison & Ratings
(FXBN) With little reviews and research done on the pool of Currenex brokerages, our Editors did research and comparison by testing various major Currenex platforms ourselves and performing a survey to our readers. Although there are a dozen Forex brokerages stating they have Currenex, we only looked at the biggest, most trusted brokers with Currenex trading platforms, which are Currenex Classic and Viking.
Currenex is the leading institution FX trading platform and one of the top retail trading platforms along with MetaTrader 4. MT4 and MT5 fx trading platforms are more widely used, however they only work with market makers unlike Currenex, hence it being the top institutional trading platform. Currenex is mostly defined by its ability of instant execution, which is not available in MT4. Currenex proprietary technology unites more then 70 banks and finance organizations in one integrated Electronic Trade Network (ETN) in order to obtain the most liquidity and providing the most best FX prices ever.
Our research and analysis have shown that Sunbird FX(same as SmartTradeFX), Alpari Forex and Ajax Financial were the most secure and reliable Currenex Hub brokerages. Ajax Financial received top rankings in all our review criteria, including features such as a low minimum deposit of $2,500 USD that allows newer investors the ability to use Currenex compared to many that need at least a $10,000 USD initial deposit. Other features we found useful to traders are having a live DOW Jones FX news feed and the ability to trade on any mobile device such as your iPhone, iPad and Android phone. The ability to trade 24/7 on your mobile phone is becoming more and more important, especially for new traders that do not have a fast or reliable internet connection or own a computer as well as being able to trade during the day at office and night in bed. Lastly, the area where we really felt Ajax Financial was one step ahead of Sundbird FX and Alpari was the vast number of trading platforms they allowed to be bridged to their Currenex Hub. Most brokerages in our comparison table below have 2 trading platforms, most commonly Currenex Classic and Viking platforms. However, Sunbird FX only allows trading with Currenex Classic and Alpari only allows their own custom plaforms called Alpari Direct & Direct Pro. On the other hand, Ajax Financial has the standard Currenex Viking and Classic platforms as well as has bridged connections to MT4 (MetaTrader 4), Ajax Charts and Avalon FX Pro, giving traders that want to use Currenex Hub a wide variety of forex trading platforms to choose from that meet their needs. We recommend you do your own diligence on the most reliable and trusted Currenex Forex Brokers, but the Currenex comparison rating chart below should help guide you.
List of All Major and Trusted Forex Brokerages with Currenex HUB and Currenex Bridged Platforms:
|Forex Broker||Min. Deposit (USD)||Max. Leverage||Trading Platforms||Mobile Device-Enabled Trading & VPS||FIX API Facility?||Live Dow Jones FX News?||Customer Service Rating||Overall Rating|
|Sunbird FX||50,000||1:100||Currenex Classic||No||Yes||No||Excellent||4/5|
|HantecFx||2,500||1:100||Currenex Classic & Viking||No||Yes||Yes||Poor||1/5|
|Nord FX||1,000||1:100||Currenex Classic & Viking||No||Yes||Yes||Good||3/5|
|Alpari||20,000||1:100||Alpari Direct Pro, Alpari Direct||Yes||No||No||Excellent||4/5|
|United World Capital (UWC)||10,000||1:100||Currenex Classic & Viking||No||Yes||Yes||Good||3/5|
|Ajax Financial||2,500||1:100||Currenex Classic & Viking,
Avalon FX Pro, MT4,
Some key points of Currenex’s platform are that they own a few patents that focus on lowering latency and improving execution technology. Forex traders can trade spot, forwards, swaps, and loans & deposits with a counterparty in multiple currencies. Using Currenex offers ESP (executable streaming prices), RFQ (request for quotes), benchmarking, algorithmic trading and full prime broker functionality with STP (straight-through processing).
The Currenex forex trading platform was built with one key goal in mind, which is to offer reliable core services 24/7 with almost 100% reliability. The Currenex forex trading platform and the services offered from it are designed to ensure that no failure points exists in the system. The Currenex forex trading platform is built to be flexible, robust and reliable.
Currenex also keeps many system points and databases in various locations around the world ensuring Forex traders to be uninterrupted with their data very secure. Also, Currenex maintains their own team of technical engineers that are available to response to issues related to the platform in real-time, giving users flexibility and efficiency.