We found 11 online brokers that are appropriate for Trading Forex Platform.
Forex is one of the most popular money-making options in the financial market. The uniqueness of Forex lies in its 24/5 opening hours. This means, the Forex market is open throughout the day and night, from Monday to Friday. Moreover, it is not limited to one jurisdiction or country. It is a trade between currencies and beyond borders. In this article, we will try to discuss some of the most common stupid mistakes made in Forex.
Trading mistakes are not uncommon, but some can be really stupid. Even the most experienced traders sometimes make stupid Forex mistakes. By discussing some of these mistakes here, we hope others will minimize their chance of making such mistakes in the future, and improve their chances of success in Forex trading.
This is one of the most common and stupid Forex mistakes. It could turn out to be a painful mistake if stop loss tool is not activated, resulting in losing big.
Stop loss should be considered as an 'insurance policy' and should not be forgotten, as other problems can also arise from making this mistake.
Trades should never be placed based on emotions, but should be based on probability and facts. Fear and greed in trading can ruin profit potentialities, and this is the reason why many have been opting for algorithmic or automated trading.
Leverage is a risky tool and incorrect leveraging may be dangerous. Beginners should not use the leverage tool. It is mainly for experienced traders as losses are magnified, and one can lose beyond the deposit.
Leveraging needs enough capital to take risks. On top of this, one cannot be specific as to when they should use it. The perfect moment to use leverage needs to be learned.
A leveraged trade means investing a fraction of the entire traded volume, while the rest is borrowed by the broker or provider. It is an attractive tool as the profit ratio is always higher, considering the low capital invested. But when the trade moves unfavorably, the loss ratio is also higher. Handling a leveraged product is tough and can be understood more accurately by experienced traders.
Traders should spend enough time planning out their trades. Most of the time, the plans should be tried and tested beforehand. In fact, the plans should be developed gradually so that they can be reusable, and of course, offer good returns.
At times, experienced traders have needed to abandon trading plans to avoid entering uncharted waters.
A lot can be learned from the advice of others. Experienced, or senior investors might offer valuable suggestions to juniors, but one needs discretion to know whether to accept something as truth. The 'facts' may sometimes not be accurate, and these can lead to some stupid Forex mistakes.
Asking oneself some basic questions is always a wise move before acting on any advice. As a general rule, one should not always listen to others, but should rely on tests to find out what is true, and what is false.
It is important to know whether to chase a loss or not. Chasing is a gamble, and these days, it is common in Forex trading. Usually, traders make a loss first, and thereafter, start chasing it instead of assessing why the loss was incurred. This is one of the common stupid Forex mistakes made by many traders.
Below are some selective key highlights to take note of while trading, in order to make a minimum of stupid Forex mistakes.
Humans will always make mistakes. But it is also true that humans have the potentiality of avoiding mistakes by learning from the mistakes of others. In this article, titled 'Stupid Forex Mistakes', we discussed some of the most common mistakes in Forex trading, and also, how to avoid such mistakes.
Profit is never guaranteed in financial trading, and no instrument is completely risk-free. A trader should always remember these two bits of advice while trading. Most amateur and novice traders invest their savings into Forex with the intent of making money. For this reason, they should always try to avoid the aforementioned stupid Forex mistakes in order to achieve that goal.
We have conducted extensive research and analysis on over multiple data points on Stupid Forex Mistakes to present you with a comprehensive guide that can help you find the most suitable Stupid Forex Mistakes. Below we shortlist what we think are the best Forex Platform after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Stupid Forex Mistakes.
Selecting a reliable and reputable online Forex Platform 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 Platform more confidently.
Selecting the right online Forex Platform 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 Platform trading, it's essential to compare the different options available to you. Our Forex Platform 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 Platform broker that best suits your needs and preferences for Forex Platform. Our Forex Platform broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Forex Platform.
Compare Forex Platform brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex Platform broker, it's crucial to compare several factors to choose the right one for your Forex Platform needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Forex Platform. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Platform that accept Forex Platform 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+ | 1,000,000+ | 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, cTrader, 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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Learn More |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
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. | 75-95 % 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, 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, 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 Platform 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 Platform for 2024 article further below. You can see it now by clicking here
We have listed top Forex Platform 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.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
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.