We found 11 online brokers that are appropriate for Trading Open A Forex Account.
Before you open a Forex trading account, you must research the information as you do not want to trade without a full understanding that can lead to risks.
With the right grasp of Forex trading, you can survive in the world of trading in the long run. Here are some the important things that you need to consider before starting Forex trading:
In reality, there has never been a trader who has never experienced a loss during trading. The dynamic market conditions and changes is one of the factors that you could suffer losses. There is no need for panic because it is a natural and common thing in Forex trading.
Profit consistent is not always profit. What that means is that you focus on increasing expertise in finding opportunities with a balanced risk-to-reward ratio. That is useful for optimizing trading strategies so that they can help in minimizing losses and increasing profits.
So, if you experience one or two losses soon, you do not need to be upset. Try to always do a routine check of your profitability levels on a demo account, so you know whether you are on the right track or not.
Being clever in managing strategy and seeing opportunities is one of the abilities that must exist in a trader.
Having the ability to find opportunities can help you achieve half of the success in Forex trading. You can get the remaining half by having the ability to apply proper risk management with discipline.
There are times when the market moves rapidly so sometimes even professional traders can feel doubtful about their analytical skills. Your capability in implementing risk management is an important thing that can help save your capital.
If you still experience anxiety when experiencing floating loss, then, in fact, you are not ready to trade. It will be difficult to maintain calm when your position is at a disadvantage, but if you have prepared a profit-loss calculation carefully, you can avoid that.
You will need help from a broker to trade currency in the Forex market. That is because currency trading develops as a decentralized and slightly regulated market place in the free market.
Therefore, it is necessary for prospective traders to carefully examine the reputation of their chosen broker before opening a trading account.
The traders-to-be can gather information by checking the local national regulatory agencies to ascertain whether the broker has a history of good or bad practices.
You also need to research the broker's offering services before opening your account. There are many offers that you can get, there are some that are more basic, and some that might use a more sophisticated trading platform equipped with analytical resources that can help traders make better trading decisions.
Traders will certainly compare commissions or other fees for using brokerage services. Mostly, Forex brokers will charge fees for trading through bid-ask spreads, which are small percentage differences in the buying and selling prices of currencies used today.
However, some brokers have their calculations about their service fees.
In general, opening a Forex account is a simple matter, if a potential trader follows the registration steps correctly.
Registrants must include information about the level of understanding, level of trading experience, and other knowledge about trading that makes them certain to open an account.
Registrants must also submit identification data and disclose a minimum capital deposit for their accounts. The following are the steps in opening a Forex account:
Forex trading is indeed a form of investment that is increasingly attracting more and more people.
There is a lot of hype about Forex trading in the cyberspace, but you will only really know the reality after you do it yourself. You have to find the right broker and then you are ready to begin.
We've collected thousands of datapoints and written a guide to help you find the best Open A Forex Account for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best open a forex account below.
There are a number of important factors to consider when picking an online Open A Forex Account 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 Open A Forex Account.
Compare Open A Forex Account min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are open a forex account. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more open a forex account that accept open a forex account clients
Broker |
IC Markets
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eToro
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Roboforex
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AvaTrade
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XTB
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Pepperstone
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XM
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NordFX
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FP Markets
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Trading212
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Plus500
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, 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) | 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | 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) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules |
Min Deposit | 200 | 10 | 1 | 100 | No minimum deposit | 200 | 5 | 1 | 100 | 1 | 100 |
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Used By | 180,000+ | 27,000,000+ | 10,000+ | 300,000+ | 250,000+ | 89,000+ | 3,500,000+ | 10,000+ | 10,000+ | 15,000,000+ | 15,500+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
Up with icmarkets |
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Up with etoro |
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Up with roboforex |
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Up with avatrade |
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Up with xtb |
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Up with pepperstone |
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Up with xm |
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Up with nordfx |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
Risk Warning | Losses can exceed deposits | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 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. | 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. 75.59% 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 | 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. | 73% 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. |
Demo |
IC Markets Demo |
eToro Demo |
Roboforex Demo |
AvaTrade Demo |
XTB Demo |
Pepperstone Demo |
XM Demo |
NordFX Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Excluded Countries | 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 | 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, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | 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 | US, CA, EU, RU, SY, KP, CU | US, JP, NZ | US, CA | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE |
You can compare Open A Forex Account 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 Open A Forex Account for 2022 article further below. You can see it now by clicking here
We have listed top Open a forex account 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. 67% 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.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
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.