Forex trading How To for 2023
We found 11 online brokers that are appropriate for Trading Brokers.
Forex trading Guide
Updated June 01, 2023
Guide To Forex Trading
In every aspect of life, having a ground knowledge in what you are doing significantly improves your chances. It is equally as important in business and trading. This Forex trading guide would probably be useful to many novice traders who wish to make money by investing in the financial markets.
Beginners usually find Forex trading a difficult task and this is because of unrealistic expectations. They take an entry to the financial market with some common questions such as how to find out about it from the start.
Forex Trading Guide Terminology
There are a couple of important and trending terminologies which should be known as well as understood before stepping into Forex trading. These are discussed below:
Spot Forex
Buying and selling of real currencies is known as spot Forex. Assume that a trader buys $100 in exchange for GBP and sells it when the value increases. The difference of buy and sell is his profit.
CFD
CFD is an abbreviation of Contract for Difference and real currencies are not bought or sold in this instrument. It is in fact a contract made with a CFD provider or a broker to take advantage of the price movements. CFDs are also available in other instruments including bonds, stocks, commodities and indices.
Pip
The base unit in the currency pair price is known as pip. In digit, it is like 0.0001. So, if the bid price of two currencies goes from 1.16667 to 1.16677, this represents one pip. The second last digit has shifted from 6 to 7, which means 1 pip.
Spread
This represents the buy and sell price difference of the currency pair. The spread is low for popular currency pairs and high for less famous currency pairs. This means the pip for most popular pairs are generally low compared to less popular pairs. For instance if the buy price is 1.14988 and the sell price is 1.14998, the difference is 1 pip.
Margin
The initial capital required to open a trading account or position is known as margin. In a leveraged product, it is low, sometimes as low as 5% or 10% of the trading volume.
Leverage
Leverage is a concept in Forex trading in which the trader pays just a small amount of the trading volume and the rest is borrowed by the broker. The pros side of leverage is that the trader receives exposure to the total trade value even though his margin is low, sometimes even as low as 5%. The profit is magnified here but the cons are that the loss is also magnified.
Forex Trading Guide Lessons
Following the terminologies let us understand some of the processes involved in Forex trading.
Price and Quote
Regarding Forex, there are two factors while trading - ask and bid prices. The purchase price is the ask price while the sale price is the bid price.
Long Trade
When a trader buys a currency believing its value will rise up and he can make a profit from the difference between buy and sell.
Short Trade
When a trader sells a currency believing the price will fall and he can buy back the same at a decreased value. He will benefit from the price difference.
Forex Trading Guide - Trading Systems
Once understood the above it is important to understand the trading systems. There is a broad spectrum of such strategies available. Below are a few debated:
Currency Scalping
This is buying and selling pairs for a shorter period like from a few seconds to a few hours. Traders look for this strategy to accumulate smaller profits throughout the day.
Intraday Trades
This is a conservative approach to trading and beginners may avoid it. Trades are opened for a few hours and the trades need to close on the same day.
Swing Trading
This is a medium-term trading approach. Larger price movements are focused compared to both scalping and intraday. The positions are opened for a few days or a few weeks. This is perfect for beginners.
Forex Trading Guide - Platforms
Trading platforms or trading software play an important role. Before striking a deal with brokers it is necessary to know what platform is being offered. A better platform means better security and better analysis. MT4 is one of the widely used trading platforms.
Forex Trading Guide Verdict
Beginners are suggested to know the pros and cons of Forex trading before investing their hard-earned savings. Half-knowledge may ruin the investment and profits may be a distance away. It is important that you read the Forex trading guide and understand the terminologies.
Traders should always take a note that Forex trading is a highly risky product and proper risk-management tools need to be utilized to lower the chances of loss.
We have conducted extensive research and analysis on over multiple data points on Forex trading How To to present you with a comprehensive guide that can help you find the most suitable Forex trading How To. Below is a list of what we consider to be the best Brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex trading How To.
Reputable Forex trading Checklist
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:
- Ensure your chosen Brokers broker has a solid track record of at least two years in the industry.
- Verify that the Brokers broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Brokers broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Brokers broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Brokers brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Brokers broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Compare Key Features of Brokers in Our Brokerage Comparison Table
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.
- Minimum deposit requirement for opening an account with each Brokers broker.
- The funding methods available for Brokers with each broker.
- The types of instruments you can trade with each Brokers broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Brokers broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Brokers broker affects the cost of trading.
- The level of customer support each Brokers broker offers, including their availability, responsiveness, and quality of service.
- Whether each Brokers broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
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.
Top 15 Brokers of 2023 compared
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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Pepperstone
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XM
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AvaTrade
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XTB
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eToro
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Trading212
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FP Markets
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EasyMarkets
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SpreadEx
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| 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 | 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 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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 | 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) | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | 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) |
| Min Deposit | 200 | 10 | 200 | 5 | 100 | No minimum deposit | 50 | 1 | 100 | 100 | 1 |
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| Used By | 180,000+ | 1,000,000+ | 400,000+ | 3,500,000+ | 300,000+ | 581,000+ | 30,000,000+ | 15,000,000+ | 10,000+ | 142,500+ | 10,000+ |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with pepperstone |
Sign
Up with xm |
Sign
Up with avatrade |
Sign
Up with xtb |
Sign
Up with etoro |
Sign
Up with trading212 |
Sign
Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 81% 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. | 77% of retail investor accounts lose money when trading CFDs with this provider. | 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. | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
| Demo |
IC Markets Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
AvaTrade Demo |
XTB Demo |
eToro Demo |
Trading 212 Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EU, FM, FR, GW, ID, IR, JP, LR, MP, NL, PF, RU, SE, SJ, SS, TL, TR, US | AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | 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, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA | 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 |
All Brokers in more detail
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 2023 article further below. You can see it now by clicking here
We have listed top Brokers below.
Forex trading Table of Contents
- Forex trading Explained
- 6 Factors to Consider when Choosing Forex trading
- Are Your Forex trading Trusted And Established?
- Are The Forex trading World Leading?
- What are the Forex trading Commissions and Fees?
- What are the Forex trading Funding and Withdrawl Methods?
- Find Forex trading with Round-the-clock support?
- Make sure the Forex trading Offer Comprehensive Trader resources?
- Why Forex trading needs to be regulated?
- Forex trading FAQ
- What are the best Brokers brokers?
- What is the best B broker?
- Related Forex trading Reviews
- Related Forex trading Alternatives
- Related Forex trading Comparisons
Forex trading Explained
Trading volatile financial markets with Forex trading can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Forex trading to ensure a successful trading experience.
Selecting Forex trading at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Forex trading markets effectively.
Reliability is key to gaining access to financial markets. Look for Forex trading that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Forex trading confidently.
6 Factors to Consider when Choosing Forex trading
Follow these five rules for selecting Forex trading that are right for you:
Are Your Forex trading Trusted And Established?
Search for a reputable Forex trading with a extensive proven track record for Forex trading, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Forex trading broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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Pepperstone
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XM
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AvaTrade
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XTB
|
eToro
|
Trading212
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| Year Established | 2007 | 2009 | 2010 | 2009 | 2006 | 2002 | 2007 | 2006 |
| Head Office | Australia | Belize | Australia | Cyprus | Ireland | Poland | Cyprus, UK | UK |
| 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 | 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 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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 | 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) | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Used By | 180,000+ | 1,000,000+ | 400,000+ | 3,500,000+ | 300,000+ | 581,000+ | 30,000,000+ | 15,000,000+ |
| Negative balance protection | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | Yes |
| Learn More | Visit IC Markets | Visit Roboforex | Visit Pepperstone | Visit XM | Visit AvaTrade | Visit XTB | Visit eToro | Visit Trading 212 |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 81% 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. | 77% of retail investor accounts lose money when trading CFDs with this provider. | 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. |
Are The Forex trading World Leading?
Opt for Forex trading that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Forex trading is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
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Roboforex
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Pepperstone
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XM
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AvaTrade
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XTB
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eToro
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Trading212
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| Instruments Available | 2250 | 100 | 1200 | 1000 | 1250 | 5600 | 5000 | 10000 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EU, FM, FR, GW, ID, IR, JP, LR, MP, NL, PF, RU, SE, SJ, SS, TL, TR, US | AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY, PT | BE, BR, KP, NZ, TR, US, CA, SG | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | 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, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA |
| Forex pairs offered | 61 | 35 | 70 | 55 | 55 | 57 | 50 | 177 |
| Forex pairs offered | 61 | 35 | 70 | 55 | 55 | 57 | 50 | 177 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 16 | 15 | 17 | 21 | 31 | 14 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Stocks Offered | 2100 | 0 | 1100 | 160 | 1000 | 1696 | 2042 | 1731 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Forex trading Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Forex trading broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Forex trading broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
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Roboforex
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Pepperstone
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XM
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AvaTrade
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XTB
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eToro
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Trading212
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| Min Deposit | 200 | 10 | 200 | 5 | 100 | 0 | 50 | 1 |
| Withdrawl Fees | No | Yes | No | No | No | varies | Yes | No |
| Inactivity Fees | No | No | No | Yes | No | Yes | Yes | No |
| Deposit Fees | Varies | No | No | No | No | No | No | No |
| CFD Commission Fees | Yes | No | Yes | No | No | Yes | Yes | No |
What are the Forex trading Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Forex trading. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Forex trading.
| Broker |
IC Markets
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Roboforex
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Pepperstone
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XM
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AvaTrade
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XTB
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eToro
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Trading212
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Skrill | Yes | No | Yes | No | No | Yes | Yes | Yes |
| Payoneer | No | Yes | Yes | No | Yes | Yes | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
Find Forex trading with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Forex trading.
Forex trading customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Forex trading can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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Roboforex
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Pepperstone
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XM
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AvaTrade
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XTB
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eToro
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Trading212
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| Learn More | Visit IC Markets | Visit Roboforex | Visit Pepperstone | Visit XM | Visit AvaTrade | Visit XTB | Visit eToro | Visit Trading 212 |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 81% 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. | 77% of retail investor accounts lose money when trading CFDs with this provider. | 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. |
Make sure the Forex trading Offer Comprehensive Trader resources?
It's important to ensure your Forex trading provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Forex trading. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Forex trading.
Why Forex trading needs to be regulated?
Regulated Forex trading lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Forex trading.
Consumers are protected by Forex trading regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Forex trading is necessary to prevent fraud. The Forex trading working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Forex trading is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Forex trading List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Zero account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
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. 77% 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.
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.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits