Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Online Foreign Exchange Brokerages: Which ones are good & reputable for smaller trades? 
Like Ganesh, I've used XE Trade - however I still do, fairly often.  I have never had a single problem with them regardless of the method I used to move money -- Draft, Wire, ACH, bill payment through online banking, etc. The type of trade I do most often is online bill payment to ACH -- i.e. I pay through my banking site and they pay through ACH.  There's no fee and it takes 2 business days to go through.  I do mainly CAD to USD conversions and I lose about 1.25 cents on the rate -- for example, if the CAD is worth 95 cents US, converting $100 CAD would get me $92.75 USD.  The banks usually take 2.5% or so, so it's 50% savings. It was free and pretty simple to sign up, all online -- and besides the standard info all they required was for me to upload a scan of a bank statement. As for an API, I have no idea if they have one.