We found 11 online brokers that are appropriate for Trading Forex Investment Platforms.
The exchange of currency typically occurs for most people when we travel since we will have to exchange our home currency to the currency of our destination country. However, currency exchange is also a form of trading that traders engage in to make profits. The exchange of currency is usually done through a bank and this means a foreign exchange transaction has taken place. In this article, we will take a deeper look at how Forex works and how traders make money from it.
Let us understand how the Forex works with an example. If an individual living in the United States plan to travel to Europe for a holiday, he have to exchange the currencies of the two countries. This means that he will buy Euros against USD. The amount of euros he will be getting depends on the exchange rate on the date he is making the transaction. Suppose the exchange rate then for EUR/USD is 1.20. If he wishes to buy 1,000 euros, he needs to pay USD$1,200.
Now, when the person returns from Europe to his home country, he again needs to exchange the currencies to get back the remaining Euro dollars in USD. Let us suppose he didn't use the cash in Europe and needs to exchange the same 1,200 euros. If on the date of his transaction, the exchange rate was 1.10, he will get back USD$1,100.
The EUR/USD exchange rate of 1.20 means that for each euro he needs to pay USD$1.20. Therefore, on his return to the US, he lost 10 cents as the exchange rate decreased by 10 cents from his first transaction.
When someone buys and sells currencies to earn money from the difference between the two prices, it is called Forex trading. Traders buy the currency of one country against the currency of another, believing that the price of a currency that is bought may increase against the other. If the increase happens, he makes a profit. If not, he suffers a loss.
When the Forex is traded on a platform, it is an OTC or Over the Counter transaction. It means one can speculate on the price movement of the currencies against each other.
Forex is the largest financial market in the world and each day, its turnover exceeds $5 trillion. The Forex transactions span across several banks, institutions, and exchanges globally. Its daily transactions are much more than the major stock markets like Tokyo Stock Exchange, London Stock Exchange and NYSE.
The exchange rate of a currency also acts as an important indicator of the country's economy. If the rate is high, more imports can be made. If the rate is low, more money is required to make an import. Monetary policies of the country's central banks work to keep a good balance on the exchange rates.
There are several factors that cause fluctuations. Below are some of the more significant factors:
Inflation is one of the main reasons that cause the fluctuation of currency rates. If the inflation is low, the currency rate is high.
The interest rate manipulates the exchange rate and it is controlled by the central banks. A high interest rate would welcome more foreign investment, increasing the exchange rates.
The export and import ratio plays an important role in the fluctuation of the exchange rate. If the export exceeds the imports, the exchange rate is high as there is a huge demand of the country's goods. Conversely, if the import rate exceeds the export rate, the exchange rate falls.
Foreign investors always like to invest in a country where there is stability in the political arena. This leads to an increase in the demand for the country's currency, increasing the exchange rate.
In this article, we discussed some of the basic principles of Forex trading and how the exchange rate of a currency is affected by various factors. Since Forex trading is full of uncertainties, it is important to understand the factors that lead to the rise and fall of currency values. Without proper knowledge, it would be difficult to speculate the price movement accurately which would affect whether you experience a loss or profit.
Beginner Forex traders should note that it is easy to understand the industry theoretically, but it is tough to make a profit practically. This is also the case for very experienced traders. Hence, we recommend beginner traders to start slowly by investing a small amount capital in the beginning.
We have conducted extensive research and analysis on over multiple data points on Forex Trading Explained to present you with a comprehensive guide that can help you find the most suitable Forex Trading Explained. Below we shortlist what we think are the best Forex Investment platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Trading Explained.
Selecting a reliable and reputable online Forex Investment Platforms 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 Forex Investment Platforms more confidently.
Selecting the right online Forex Investment Platforms 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 Forex Investment platforms trading, it's essential to compare the different options available to you. Our Forex Investment platforms 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 Forex Investment platforms broker that best suits your needs and preferences for Forex Investment platforms. Our Forex Investment platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Forex Investment Platforms.
Compare Forex Investment platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex Investment platforms broker, it's crucial to compare several factors to choose the right one for your Forex Investment platforms needs. Our comparison tool allows you to compare the essential features 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 | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
---|---|---|---|---|---|---|---|---|---|---|---|
Rating | |||||||||||
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. 72.89% 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 |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro 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 | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | 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 |
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 2024 article further below. You can see it now by clicking here
We have listed top Forex Investment platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.