We found 11 online brokers that are appropriate for Trading Forex Investment Platforms.
Every day there are exchanges of currency between banks and financial institutions. Some of this is done for practical reasons such as business transactions, and mostly with the goal of making profit. The enormous amount of currency conversion that's occurring daily and globally has resulted in the unpredictability of currencies' values, a condition that has drawn the attention of local retailers and individuals in the exchange market.
Foreign exchange, also known as Forex (FX) is simply the trade of currency between two parties at an agreed price. The Forex market is very different from the other financial assets in that there is no physical location for trading, and for this reason, the market is open for all hours of the day. Thanks to the internet, people can also engage in the market from the comfort of their own homes.
Although there is no physical market, Forex worldwide is managed by banks and financial institutions in New York, London, Tokyo, and Sydney. All hubs have different time zones so that when the trade ends in one place, it kick-starts in another. Now that you have a clear picture of a Forex market and how the currency market works, let's proceed by learning some frequently used trading terms in the exchange market.
Trades are made in pairs in the forex market, that's one currency against the other. In other words, buying a currency means you are selling another one. And when you decide to sell a currency, you are also selling another one. Let's say you are trading USD/EUR. It means you are buying the US dollar and selling the Euro. In this example, the base is the USD, and the quote is EUR. Traders need to understand that first in a currency pair is the base currency, and second is the quote currency.
The pair value is to inform traders of the amount of the quote currency to sell to acquire a unit of the base. Let's say our USD/EUR trade at 2.5720 means that you need 2.5720 EUR to purchase 1 USD. A trader can decide to trade and sell when the US dollar is more valuable than the Euro to make a profit. If it doesn't rise, the trader is going to sell at a loss.
A pip is the measure of the amount of change in the exchange rate for a currency pair. It's usually the calculated difference of the fourth-decimal digit of the exchange rates (the old and the new). If a trader buys a USD/EUR pair at 2.5720 and sells at 2.5723, the pip here is 3. There is a little different when the pairs include the Japanese Yen. An example of this pair is the EUR/JPY. In this case, the Pip is calculated by measuring the difference in the exchange rates' second-decimal digits. The pip of EUR/JPY that falls from 257.05 to 257.02 is 3.
When a trader purchases a lot, they buy a bulk of currencies to make huge profits from a pair with small market changes. Come to think of It, even if a currency pair moves by 30-pips, the gains that will be realized from trading 200 or 300 units of this pair is small. And for this reason, professional traders love to trades in lots, and a standard lots equal to 100,000 units of any selected currency pair. There is a large profit gap between 300 units of trade and 100,000 units of the same trade, so likewise the loss.
Now, your concern must be where to get the enormous amounts of money to trade in lots. It's true, trading in lots will require significant capital, but you can also leverage the market by using margin. A trader can even attempt the Forex market like other financial assets by tying up a deal with a capital percentage. The monetary amount for this percentage is known as Margin.
Now that you understand the primary languages of the Forex market. It's time for us to go into the main business. The following are the steps involved in trading Forex:
In Forex, there are over 80 currency pairs, and all are classified into three different categories. The first class is known as the major pairs. They are called major because they contain high valuing currencies. Examples include USD/EUR, GBP/USD, and USD/CAD. The minor pairs are the second category, and it's also a class for the most significant currencies in the world. Examples of Minor pairs are EUR/GBP and AUD/JPY. The third is called the exotic pairs, and it contains all the less-traded currencies like TRY. Forex newbies should choose pairs that are regularly traded and ones that have the snuggest spreads.
A person can trade in Forex by either using the Forex derivatives method or the Spot FX method. The Forex derivatives are spread betting and CFDs. Spread betting in Forex is done by staking on the rise and fall of currencies, while CFDs allow you to decide the number of contracts you are willing to buy or sell. These derivative methods are done without buying or selling currencies, just speculating. The Spot FX method requires that you buy and sell your pairs of currencies. At this stage, you are to decide which way you want to go- Spot FX or FX derivatives.
To open a trade, you will have to go long (buy) or go short (sell) irrespective of the trading method you choose. But at this point, you have to understand what you are doing because buying and selling in Forex can be confusing. When you go long on a pair, it means that you are hoping that the base will rise against the value of the quote currency in the nearest future. You will be making profits when the market moves according to your predictions. But if it moves in the opposite direction, the trader will realize a loss from the trade.
Going short is precisely the opposite of going long. In this case, you are entering the trade, believing that the quote currency will rise in value against the base currency, thereby decreasing the currency pair's value. So, you will profit if the quote continues to increase in value, and will experience a loss if it reduces in value.
Trading financial assets are risky, but it doesn't have to end in a severe loss when your prediction is wrong. All you have to do is to make use of the risk management options that are available. The stop-loss order and limit order are the risk management options that are available in Forex.
The stop-loss order is used for minimizing loss. Let's say you go long on a trade, and the base is falling against the quote. Using a stop order will help you close the trade at a price that is a little lower than the current market value, thereby minimizing the loss. For this reason, it's sensible that a trader uses the stop-loss order when opening a trade.
A limit order is also good, but is not of as much use as stop loss. It is used to lock a trade at a particular price that is better than the current market value. The limit order will close the trade when the market reaches your target profitable price.
Once you have set up the trade, the next thing is to watch the market's movements for the perfect time to close the trade. You can also add your stop loss and limit order during the trade. It's also possible to add more trade if the market is moving in your favor. To close a trade, you will do the opposite of what you did when opening the trade.
We've collected thousands of datapoints and written a guide to help you find the best How To Trade Forex 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 Forex Investment Platforms below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Forex Investment Platforms 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 Forex Investment Platforms.
Compare Forex Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees 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
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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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Pepperstone
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EasyMarkets
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XM
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Plus500
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FXPrimus
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SpreadEx
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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), 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) | 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 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 200 | 100 | 5 | 100 | 100 | 1 |
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Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 142,500+ | 3,500,000+ | 15,500+ | 10,000+ | 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 | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Up with xm |
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Up with plus500 |
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Up with fxprimus |
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Up with spreadex |
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. 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 | 72% 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. | Losses can exceed deposits | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
Plus500 Demo |
FXPrimus Demo |
SpreadEx 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 | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US, TR |
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 2021 article further below. You can see it now by clicking here
We have listed top Forex Investment Platforms below.