We found 11 online brokers that are appropriate for Trading Forex Investment Platforms.
The Forex market is a lucrative environment. It is by far the largest market by capital value and thus, it attracts a lot of people. While all traders want to make money, not everybody ends up making profits. In this article, we will break down some advice for new Forex traders to avoid losing too much money trading in the Forex.
The Forex is easily accessible, which is why many people assume that is also easy to make money. Trading is a skill requires practice. Therefore, it is important for traders to educate themselves and learn about trading as much as possible. Traders should be aware of the factors that affect Forex returns. Such factors can include exchange rates, political events, and economic outlook. It is also important to work with a strong broker. Do your research and choose an established broker who offers smooth service with low fees. Creating a robust trading strategy that has been tested is also paramount in trading successfully.
To create a solid trading strategy, traders will need to have it tested and to track all the trials and errors. This is important in learning from mistakes so that the strategy can be further improved. Traders also need to be aware of their taxes and which tax implications they are liable for.
Since there are few barriers to enter the Forex market, traders might end up using the wrong platforms and brokers. The most important thing to ensure is to work with certified brokers. This means that brokers should have licenses from the NFA and the CFTC. However, such licenses are subject to changes depending on which country you are trading in because each country has its own laws and regulatory organizations.
In addition, traders will need to thoroughly research on broker’s fees, margin requirements, spreads, cash out policies, how to fund the account, and any special offers they have. A good way to learn about these is to engage their customer service. This will allow you to also assess an important feature of broker platforms - their customer service.
Extremely experienced traders were once beginners as well. Nobody was born wise. Therefore, traders need to practice getting better at trading. In fact, mearly all trading accounts and brokers offer practice accounts. Basically, you get to trade real quotes with simulated capital. This is a good way to test your strategies and to learn the features of the platform. The last thing you want to do is to press the wrong button and set up a wrong order. Practicing will help you to become adept at using the platform.
One should perform technical analysis to find good entry and exit points. At this point, it is important to note that there are a lot of tools and indicates that you can use. It is better to use indicators of different categories, rather than to apply to the same chart 2 different indicators from the same category. Piling up indicators will obstruct you from getting a better view of the trend. Just be mindful not to over complicate the process.
Earlier, we have discussed how practicing with paper trading helps to increase trading experience. Part of the learning is to also get accustomed to loses. You will incur loses and this is unavoidable. However, you need to protect yourself from loses. To do that, you need to have a fixed stop loss and to set it up in the brokerage platform. This will require understanding what losses you can afford.
However, while it is important for traders to be careful of loses, it is also important to think about profits. You need to know when to get out of a trade and to reap its gains. Having a tool such as a trailing stop loss is great for such purposes.
After you have completed your research and practiced with simulated money, you are ready to trade with your actual money. No amount of practice can prepare you for real live trading. Thus, it is better off to start with small trades and a small capital. Also, you will need to accept the system’s slippage.
In the Forex, you can easily use leverage and make big returns with a small amount of money. Unfortunately, in the same way that you can make big returns, you can also make big loses. The fact that the Forex is willing to lend you huge amounts of money does not mean that you should use all the leverage available. Control your position size to a reasonable level that you feel comfortable.
When trading, you should record your losses and wins in detail to properly learn from your mistakes. To do so, you can create detailed notes, observations, or even record your emotions at the time you are trading. Later on, you will be able to refer to your notes to learn from your mistakes and make necessary changes to your strategy.
Think of trading as a business. In this light, do not get too emotionally attached to it and plan for the long run. Learn to be professional and to stick to a set routine. Also, you need to keep track of your taxes since your profits will need to be taxed.
In conclusion, we have provided a number of advice that traders of all levels can refer to when trading in the Forex market. For most, if not all, traders, minimising losses and maximising profits is the ultimate goal. To do so, it is always important to gain enough knowledge about the market and broker platform that you will be trading on. Traders should also put in their due diligence to develop a good trading strategy and to constantly improve this strategy by learning from their experiences.
We've collected thousands of datapoints and written a guide to help you find the best Avoid losing money Forex 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 Investment 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 Investment 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 Investment Platforms.
Compare Forex Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Forex Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Investment Platforms that accept Forex Investment Platforms clients
Broker |
eToro
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IC Markets
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XTB
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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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FXPrimus
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SpreadEx
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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) | 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) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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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 | 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 | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
Up with etoro |
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Up with icmarkets |
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Up with xtb |
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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 |
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Up with fxprimus |
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Up with spreadex |
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. | 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 | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx 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 | 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 | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
You can compare Forex Investment 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 Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Forex Investment Platforms below.