We found 11 online brokers that are appropriate for Trading Forex Investment.
This is a million-dollar question that is important to understand while trading Forex. It is necessary to know what kind of market Forex is, and what potentialities one can explore. Let us follow some statistics to know how much Forex is worth.
Let's start with the size to understand how much Forex is worth. It is 2.5x larger than the GDP of the entire world. It is worth £1.93 quadrillion. The daily global turnover is around £5.3 trillion. There are at least 170 different currencies in the world. And, it may be interesting to know that just seven currency pairs (known as, 'majors'), account for at least 85 percent of global transactions. The majors are: EUR/USD, GBP/USD, USD/JPY, NZD/USD, USD/CAD, AUD/USD, and USD/CHF.
Let us understand more precisely how much Forex is worth. Suppose an individual spends a dollar every second, it would take 31,688 years for him to spend $1 trillion. Hence, spending £5.3 trillion means one needs 126,118 years.
It is further interesting to note that the daily Forex volume is 85x that of the New York Stock Exchange. However, only 5.5 percent of the total volume represents retail trading.
The largest Forex dealer in the world is 'Deutsche Bank'. It accounts for more than 21 percent of the total market share.
Forex is different from other financial markets, and is traded 24/5. This means one can trade even at night on weekdays. It is 27x larger than the equities market and 12x bigger than the futures market. In addition, it is the most liquid of the markets.
USD is the most traded currency. It accounts for about 90 percent of global trades.
In May 2017, according to 'Google Trends', people searched more often on 'Google' for trading 'Bitcoin' than for trading oil or gold.
Earlier, long before global communication satellites were created, the New York and London Stock Exchanges were connected through fiber optic technology, using giant steel cable that was immersed in the Atlantic Ocean. This is the reason, the currency pair GBP/USD is called 'cable'.
Currently, 'MetaTrader 4', or 'MT4' is the most popular platform for trading Forex, and it is the closest competitor of 'MetaTrader 5', or 'MT5'.
About one-third of global Forex traders look for a broker through mobile devices. More than this, 90 percent of successful traders use robots to earn money from Forex trading.
Trading usually lasts for about 10 to 19 minutes.
85 percent of Forex traders use Windows Desktop.
Even though auto trading started in the 1970s in the 'Chicago Mercantile Exchange', it became more popular in the late 1990s with the growing popularity of online retail platforms.
More than half of total Forex transactions are conducted in the United Kingdom and the United States. And, the top five cross rates are: EUR/JPY, EUR/GBP, EUR/CHF, GBP/CHF, and GBP/JPY.
The number of female traders has increased recently.
Even though the Forex market is so large and highly liquid, more than 99 percent of retail traders fail to achieve beyond four back-to-back profitable quarters.
Some banks have started allocating about 20 to 30 percent of their funds into Forex, and generate somewhere between 40 and 60 percent of their total profits.
Modern Forex started in 1880, the year in which the gold standard was set. Between 1899 and 1913, the trade increased by 10.8 percent, while gold holdings increased by just 6.3 percent. This means Forex gained more strength during that period than did gold.
Earlier speculation in Forex was not legally allowed in the past, but in 1971 the 'Bretton Woods Agreement' changed that factor.
About 50 percent of the global Forex exchange saw people trading with Sterling by 1913. The most active centers then were New York, Berlin, and Paris.
The U.S. Federal Reserve was established in 1908. Prior to this, U.S. banks were allowed to issue their own money.
It is not easy to know how much Forex is worth. But, statistics speak volumes and help us understand how vast the Forex market actually is, and what percentage of total financial traders are trading Forex. In this article, titled 'How Much is Forex Worth?', we tried to find out the true worth through statistics.
Basically, just eight major currencies are being traded, even though there are more than 170 different currencies in the world.
Undoubtedly, Forex trading is luring traders. In this modern era of online trading, traders are now mostly inclined toward Forex trading and less on commodities, stocks, and other types of trading. However, it is not true that all traders are successful. Beginners are suggested to know about Forex and understand Forex trading better before investing real money.
We have conducted extensive research and analysis on over multiple data points on How Much is Forex Worth to present you with a comprehensive guide that can help you find the most suitable How Much is Forex Worth. Below we shortlist what we think are the best Forex investment brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching How Much is Forex Worth.
Selecting a reliable and reputable online Forex Investment 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 more confidently.
Selecting the right online Forex Investment 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 trading, it's essential to compare the different options available to you. Our Forex investment 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 broker that best suits your needs and preferences for Forex investment. Our Forex investment broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Forex Investment Brokers.
Compare Forex investment brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex investment broker, it's crucial to compare several factors to choose the right one for your Forex investment needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Forex investment brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex investment brokers that accept Forex investment clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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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 | 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 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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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, 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 |
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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. | 74-89 % 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, 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, 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 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 Forex Investment Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Forex investment brokers 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.
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