We found 11 online brokers that are appropriate for Trading Forex Platforms.
Forex, often shortern to FX or 4X, is the exchange of currencies of varying countries for profit. Forex is a decentralized, worldwide market where all the world's monetary currencies are exchanged.
The 4x trading market is the largest market in the world with a day trading volume of $6 trillion. All of the world's stock markets don't even compare to the volume of the Forex markets. Take the time to check out Forex trading, and you'll find some exciting trading opportunities not available with other investment types.
Flexibility and variety are perhaps the 2 biggest advantages to trading currencies on Forex markets. The power to open either a long or short position on global financial markets with both major and minor currencies.
Just like stocks, you will trade currency supported by what you think its value is (or where it's headed). But the biggest difference with 4x trading is that you can trade up or down price movements easily. If you think that a particular currency will increase in value, you should buy. If you think that it'll go down in value, you should sell it.
Perhaps you hear on the news that China marks down its fiat currency to draw more 4x trading business to its country. If you believe that trend will keep up, you'll make a Forex trade by selling the Chinese Yuan against other currencies (the most common being the USD). The more the Chinese Yaun devalues against the U.S. dollar, the greater your benefit. If the Chinese currency expands in grade while you've got your sell option open, then losses develop, and you would opt out of the trade.
Let's examine the most traded currency pair in the world, the EUR/USD Forex pair. EUR, the primary cash inside the pair, is the base, and USD, the second, is the counter.
There are two costs: the purchase and sale cost. The distinction between the two is called 'the spread'.
Suppose you believe that the Euro will rise over the U.S. dollar. In the currency pair EUR/USD, the Euro is first. If you believed that the Euro price will rise, you would purchase EUR/USD. You would sell your EUR/USD position if you believed that the USD price will rise above that of the Euro.
Exchanging FX, set inside the contemporary Forex commercial center, is direct and easy to understand. Huge functionalities are promptly accessible on the product exchanging stage, intended to help in examination and exchange executions. An assortment of principal, ground-breaking highlights include: progressed graphing applications, specialized markers, and numerous request types. Regardless of whether you're an intraday hawker or a drawn-out speculator, present-day strategies make it a routine to conduct business on Forex.
In the event that costs are cited to the hundredths of pennies, how might you see any critical profit for your venture when you exchange Forex? The appropriate response is 'influence'.
At the point when you exchange Forex, you're adequately obtaining the principal money in the pair to purchase or sell the subsequent cash.
With a 5 trillion dollar a day market, the liquidity is profound, to such an extent that it supplies the large banks.
While the facts confirm that Forex is an incredible method of advancing your capital effectiveness, it should be treated with caution. Having exceptional returns over the short- and medium-term is possible, but requires a lot of knowledge and experience.
During unpredictable periods, a downturn in currency prices can create misfortunes in abundance for Forex traders.
In the event that you're new to Forex, it is ideal to start small. Exchanging lower amounts guarantees that you have enough money to gain experience.
Forex trading should not be entrusted to luck. Being succesful on Forex markets takes devotion, education, and practice.
By a wide margin, the most well-known characteristics among effective 4x traders are that they are organised, and make full use of all educational resources and trading research tools. Without a plan, a 4x trader is probably going to struggle when facing some economic situations.
We've collected thousands of datapoints and written a guide to help you find the best 4x trading for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Forex platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Forex Platforms trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Forex Platforms.
Compare Forex Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Forex platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex platforms that accept Forex platforms clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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Roboforex
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FP Markets
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 1 | 100 | 1 | 100 | 200 | 100 | 5 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with roboforex |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY |
You can compare Forex Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Forex Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Forex platforms below.