Forex trading features a wide selection of menus generally not available with equities and futures trading.
Around-the-clock 24-Hour market, the highest volume and liquidity, customizable leverage and commission free trading stands out among all other forex trading features.
Few general key currency trading features in comparison to equities and futures are highlighted below.
Since the forex market is traded over-the-counter (OTC) without a centralized exchange, competition between market makers prevents monopolistic pricing strategies. In contrast equities and bonds market operate in a centralized exchange market.
In another words, companies listed on the New York Stock Exchange (NYSE) can only trade at NYSE and can have only 1 bid/ask quote. On the other hand, forex market which operates over-the-counter can have multiple market makers and thus have different price quotes at all the time.
For example, if consumers were to buy an Apple iphone, currently they can do so only from apple store. In this case Apple reserves the monopolistic price. However if Apple iphone were to be available to purchase from different vendors and manufacturers then price would drop. So consumer benefits from the competition between vendors and manufacturers.
All this translates to this -forex traders have better liquidity and better price quotes with minimal spreads due to increasing competition between multiple market makers.
Before you open a live account, make sure to check with your brokers all the specific currency trading features offered to you as their valued client.