We found 11 online brokers that are appropriate for Trading Forex Investment Platforms.
Forex is highly liquid and highly competitive. Recently, it is being fueled by multi-level marketing (MLM) schemes with promises to earn passive income and gain financial freedom. Either a trader needs to be careful with the MLM formula, or they will risk making an investment that returns the least profit to them.
Many approach family and friends with the intent of selling a lifetime opportunity to earn regular income. The process is simple, and requires merely signing up for a program that teaches how to multiply income. In this article, titled 'Is Forex A Pyramid Scheme?', we will try to discuss this new method, and find out whether it is good or bad.
Sharon Lechter and Robert Kiyosaki, who authored 'Rich Dad, Poor Dad', praise these new methods, saying that the schemes coerce people into pyramid marketing, and focus less on the reasons why one has joined. The primary work is to recruit new members; and earnings are made through affiliate commission. As the pyramid grows, the earnings become greater.
The authors never mention whether one can make income through pyramid schemes. They add that when a member of the scheme targets another, the usual version of 'the script' is that their life can be changed by earning large amounts of money, and that many have been able to quit their day jobs because of it.
Let us have a look at how the system actually works.
A recruiter sells dreams of financial freedom, claiming that tons of money can be earned from Forex. Although, it is true that traders make money from market volatility, this is accomplished by trading Forex, not by recruiting people to it. The recruiter tries to recruit others by convincing friends and family members, or by posting on social media.
After joining, one needs to make a purchase of products, including: trading signals, videos, and training modules. It is said that the success rate is higher with more purchasing of products. Each purchase is added to the downline of a recruiter, who then gets a commission. This chain continues, and here is where a conflict of interest begins. When the downline grows, the earnings increase. The conflict here is that one joins Forex in order to trade, not to sell products.
A study finds that about 80 percent of traders quit Forex trading before entering their third year. Forex trading is not easy, and one should be prepared for the possibility of loss. This is just a fact. Not all Forex traders make money. Recruiters downplay this. They hide the fact that, realistically, only 5 to 10 percent of traders earn profits.
Following unsuccessful trades, one realizes trading is tough, but adding members to their downline is easy. Here again, it should be noted that there is a conflict of interest. The main focus now is to recruit, recruit, recruit. New members form a pyramid, and later a bigger pyramid will emerge, thereby producing more profit.
One is, thereafter, encouraged to incorporate the MLM concept, where they keep buying more products in order to enhance their trading skills, or to gift something of worth to their downlines. Companies host conferences, and people at the top level of the pyramid become spokespersons who encourage juniors, or those in their immediate downline. The conferences are not free, and are promoted to be platforms where one can gain more knowledge and further build up their network.
Forex is often portrayed as a money-making financial instrument, which is, of course, not a lie. However, only about 10 percent of traders are successful from trading, and the rest opt for multi-level marketing.
There is nothing to say against those who become members of this multi-level marketing formula. However, when one spends more time on recruiting and less on trading, the true purpose to achieving success in Forex is defeated.
This is not meant to discourage those who want to join the pyramid, but one will begin to understand the reality of MLM after signing up.
While writing the verdict of this article, it seemed slightly more complex then first supposed. As the rate of successful traders is much less than the total number involved in Forex, those who fail in trading opt to recruit members and add them to their downline as a way to earn money. Both ways are worth it, and one cannot be considered better than the other, as skills differ across traders. Some are good at trading, while others may be good at building pyramids. In either case, it is important to understand one's own skills before signing up.
It should be mentioned here again that Forex is a highly liquid market and is also highly competitive. The market is unregulated and mostly influenced by slight changes in the economy of a country. It is suggested to always deal with regulated brokers to avoid getting scammed.
We've collected thousands of datapoints and written a guide to help you find the best Is Forex a Pyramid Scheme 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
Broker |
eToro
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IC Markets
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XTB
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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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SpreadEx
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Rating | |||||||||||
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) | 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) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 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 | 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 | 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 |
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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. | 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 | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM 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 | 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. | 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.
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We have listed top Forex Investment Platforms below.