We found 11 online brokers that are appropriate for Trading Brokers.
Trading foreign currencies on the Forex market is a favorite of many people. Why? Because these trades require only a small amount of capital, if not the least, to start day trading.
There is a lot of potential that traders will be able to obtain from Forex trading that is open 24 hours a day for a week. One of them is due to the leverage available from Forex brokers.
In Forex trading, traders can lose large amounts of money if they are inexperienced, and market conditions can suddenly fluctuate. The following is a scenario that shows the possibility of using a Forex day trading strategy to control the risks you may experience.
For the traders, to obtain sustainable profitability, they must be able to manage at their loss. Risk management is part of the vital elements in determining the profitability of their trading.
To get started, traders must ensure that the risks that will occur in each trade is at the lowest level, it can be 1% or less. That means that if you have £5,000 capital, you must ensure that your losses are not more than £50. This principle applies to every trade.
Even though the number of damage may seem small, you should anticipate repeated losses or failure of your trading strategy that day. Risk management relies on stop-loss orders.
In determining a likely strategy, you will need many components to achieve profitability. Usually traders will make a ranking analysis using the win rate or risk/reward ratio.
In Forex trading, your win rate is a representative of the number of trades you win over the total amount of a particular game. What this means is that if you win a total of 55 out of 100 trades, the sum you win will be your win rate. So, your win rate is 55%. The ideal average win rate is above 50%, that is not a benchmark for day traders. A figure of 55% is an acceptable win rate.
The ratio between risk/reward is a marker of how much capital you are betting to get a certain amount of profit. The explanation is, a trader who lost ten pips for stock but earned 15 pips from another trade has earned more than the loss.
Therefore, even though the trader only receives a profit of 50%, he is still in a winning position because he has managed to get a profit. Many Forex traders strive for more profit in their strategies.
By gaining high win rates, traders have more flexibility in terms of risk/reward. And, if your risk/reward is high, then even if the win rate is low, traders still make a profit.
If there is a trader who has a capital of £5,000, with a win rate of 55%. Then the assumption is that these traders only bet 1% of their stock, which is £50 on each trade. The principle of this scenario is to use a stop-loss order where the order is placed five pips from the trade price and eight pips for the target. With eight divided by five, in the end, the trader will receive a reward chance of 1.6x higher than the loss. Thus, traders will get a bigger chance of winning than losing.
Every two hours a trader trades a Forex pair in active time, it will be possible to make about five trading rounds, including their entry and exit rounds. If within a month there are 20 trading days, then on average there are 100 trades a month.
Forex brokers in the U.S. typically give leverage to 50: 1 on major FX Pairs. This is an example of a 30: 1 ratio.
If the trader has £5,000 with a leverage of 30: 1, the trader can take positions up to 30 times, which is £150,000, while the amount of risk is still based on the original £5,000.
There is no commission paid by most Forex brokers. They earn commission by an increase in the spread on the bid and ask price. That makes day trading profits even more difficult. On the other hand, ECN brokers usually offer small spreads to make it easier for them to get profitable trades. As a commission, they will charge approximately £2.50 for every £ 100,000 you play.This simple strategy using the concept of risk control shows that a win rate of 55%. By generating lots of wins and avoiding many losses, traders can generate returns of up to 20% per month from each daily Forex trade. Even though, in theory, this strategy has a high success rate, its implementation will be quite hard. With the appropriate win rate and risk/reward ratio, a resilient Forex day trader using the right strategy can make quite a fortune thanks to leverage. The capital you need is not high.
We have conducted extensive research and analysis on over multiple data points on Forex Trade Profit to present you with a comprehensive guide that can help you find the most suitable Forex Trade Profit. Below we shortlist what we think are the best Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Trade Profit.
Selecting a reliable and reputable online Brokers trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Brokers more confidently.
Selecting the right online Brokers trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Brokers trading, it's essential to compare the different options available to you. Our Brokers brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Brokers broker that best suits your needs and preferences for Brokers. Our Brokers broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Brokers.
Compare Brokers brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Brokers broker, it's crucial to compare several factors to choose the right one for your Brokers needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Brokers that accept Brokers clients.
Broker |
IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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Admiral
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 | 1 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 30,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
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Up with admiralmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR |
You can compare Brokers 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 Brokers for 2025 article further below. You can see it now by clicking here
We have listed top Brokers below.