NordMarkets — Swedish Broker with Low Spreads

NordMarkets is a new Swedish Forex broker that has a wide variety of trading account types — starting with mini and ending with the big institutional accounts. For the mini Forex accounts the trading conditions are not very interesting — $1,000 account minimum (deposits only via wire transfer and credit card), 0.1 standard lot position sizes and 3-4 pips spreads. Basically the larger is your account the better conditions you get — up to the interbank spreads for the really big trading accounts. For the smaller accounts NordMarkets can offer Muslim trading conditions — without overnight interest. They also provide their own trading platform, FXDesk, but I can’t say that it’s very advanced or functional.