We found 11 online brokers that are appropriate for Trading Brokers.
To gain recognition as a professional Forex trader, you will need years of commitment and consistent profitability with a clear strategic plan. Even though it requires a lot of effort at first, the results can be worth the effort you put in.
Trading on financial markets is not easy and requires allot of learning. But if you are willing to put the time in and understand the risks this may be a way to open up a new lifestyle for you.
There is potential to earn a high income and live the lifestyle that many people dream of. International banks and hedge funds offer huge opportunities for talented traders who are interested in working in the field. Forex trading is also a great opportunity if you want to earn an income from home. Of course not everyone is successful, this is why you must put in the work.
Maybe you are curious, how the daily life of a professional Forex trader actually is. You may have heard stories of these professional traders who are trading millions and making a living trading currency. You have to take everything you read with a pinch of salt. The reality is there are ups and downs and every trader has to understand how the markets and the trading platforms work as well as the risks to give themselves a greater chance.
To help achieve the goal of becoming a succesful Forex trader actively trading currency from around the world. Traders should focus on three areas, namely:
The enormous complexity of the currency market eventually encouraged professional Forex traders to specialize. That is a must, because Forex works from Sunday evening to Friday afternoon in the US Time zone, 24 hours a day.
Due to the working times, it is not possible to watch all markets continuously throughout the day. It would be hard to force continuous focus, which is only really possible in certain time frames and Forex pairs.
Several Forex pairs are popular with US professional traders, among them the EUR / USD and USD / JPY. Some other popular instruments match the time frames of the most popular currency pairs. These instruments also include Australian and Canadian dollars. This also applies to the Euro and Yen.
These professional traders often swap currency pairs that they are monitoring in reaction to the markets. Doing too much tracking in the currency market can reduce the reliability of the investment strategies as a traders focus is diluted.
Euro price actions usually takes place between one and 3 a.m. according to the time on the US East Coast. That allows local professionals to work earlier than equity and futures traders. Because of that time, the volume and volatility of Forex in the US decreased from lunchtime to late afternoon. And many people have given their opportunities away.
Nevertheless, the style of play can work well with the timing of major economic reports in the United States and Europe. For Asia, most are still unable to keep up with these developments even though the lifestyle can move world currencies at one time or another.
Usually, professionals always focus on currency pairs that can have more profitable possibilities for their strategy. They will always apply that to every specialization. However, to be able to manage profitability, some things change over time, so professionals have to adjust their sleep hours to market activity.
The trading day starts immediately upon awakening. That is because the currency market is open, and prices change, either higher or lower, during sleep. However, the level of stress that occurs is lower because their capital is in the hands of a trusted broker and avoids outliers such as the devaluation of certain currencies.
The broker should ensure that any losses that may occur during sleep are within tolerance limits. Besides, Forex professionals are also very interested in the economic policies used by central banks from around the world, such as the Federal Reserve, Bank of Japan, European Central Bank, and the Peoples Bank of China in influencing currency movements.
Typically, these players have detailed economic policy release dates between central banks that they will later use as a reference in formulating strategies.
Forex professionals are a collection of all kinds of people who are attracted to the economic policies and policies of central banks around the world. They realize that currency movements can change according to changes in the direction of the central bank. Therefore, they are even willing not to lead a relaxed lifestyle and not sleep to make observations on currency market movements.
For these professionals, lack of sleep is the price they have to pay for developing the right trading strategy and risk management stragegy for their portfolio.
We've collected thousands of datapoints and written a guide to help you find the best Forex-traders-lifestyle 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 Brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Brokers 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 Brokers.
Compare Brokers min deposits, regulation, headquarters, benefits, funding methods and fees 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 |
eToro
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IC Markets
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XTB
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AvaTrade
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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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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) | 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) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 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 | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | 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 |
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Learn More |
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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 |
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 | 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 |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus 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, 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. |
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 2021 article further below. You can see it now by clicking here
We have listed top Brokers below.