What is a Forex Broker for 2023
We found 11 online brokers that are appropriate for Trading Forex.
Best What Is A Forex Broker Guide
Updated March 29, 2023
What Is A Forex Broker?
Whether you have just started to get interested in Forex trading, or it is just your curiosity that brought you here, it does not hurt to understand the role of the Forex broker if you are going to spend any time on the financial markets.
Forex Broker Definition
Forex brokers are also known as retail Forex brokers or currency trading brokers.
We can define a broker as a financial and commercial platform that helps their clients to buy and sell financial assets for commission, or for specific fees.
The Forex broker facilitates their traders allowing them to conduct their trading activity through their unique broker platforms.
The Forex broker is similar to the brokers in other fields such as equities, insurance, property, and many others.
The clients are in contact with the Forex broker and ask the broker to manage their transactions. In practice, the brokerage acts on these trading instructions and receive commission.
Thanks to the Internets advancement technology, the clients are able to access their trading accounts and trade through modern web platforms as well as mobile apps.
Some of the reputable brokers have provided the applications which the clients can install on computers.
These apps allow you to trade while on the go so there is no need for you to turn your PC to check your account.
Simply tap the app and use the features just like you do in the brokerage sites, and you are good to go.
Retail Forex is common practice around the world
Conventionally, only the larger clients like exporters, importers, banks, as well as multinational companies are trading in currencies, however, the trends have switched to the smaller or individual investors, although larger investors are still viable in the market.
The most appropriate term to describe this practice is retail Forex. Retail Forex is commonly traded by the individual investors, or smaller investors. This includes small businesses, institutions, etc.
Retail Forex brokers are the medium-sized party for this activity.
If you are investing as an individual investor, then you cannot go wrong with the retail Forex brokers.
The retail Forex brokers allow the trader to set up a trading account with certain limitations. The traders can then trade on the platforms that are provided and the platform can be on the website, or added with the apps for mobile phones.
The Forex trading is a popular choice among the individuals because they can use the margin accounts to trade. it is where the perks are irresistible.
As we have mentioned before, there is no requirement to prepare large capital to get involved in Forex trading. These brokers allow you to borrow capital to make the trade.
The Brokers Role
When it comes to the Forex brokerage, it is important to comprehend that the main role of the Forex broker is to become the dealer. Their role is to provide liquidity for the traders.
The brokers would make money by charging a small fee through the spreads. In all of the transactions, these fees are mostly enough to cover their operational costs.
This is why most brokers do not work with the commission-based services as without the retail brokers, the markets for the individual investors would be silent.
Retail Forex Market Access
The retail Forex traders can only access the market through brokers. Here is where the broker works as the dealer for all of the activities.
In the first deal, the broker will take the opposite position of the trader. Obviously, it is sensible because you are using their service to trade the Forex.
The traders would then pay large spreads on average. Keep in mind that this practice is relevant to dealing-desk trading.
No Dealing Desk Forex Brokers
The other alternative is no-dealing-desk trading. In this instance, you will not access the market through your broker. Instead, your broker will give you direct access to the interdealer market so that you can trade independently.
Be Aware of Services and Charges
Be aware as they could still charge you for this service as they provide you with access and it is their responsibility for the safe transactions that you will conduct with the other parties. You can also get exposed to the wider spreads.
The Brokers main core service is to facilitate the clients to buy and sell but they also offer other kinds of relevant services which are also useful.
Services that may be included in their offers are as follows:
- Unbiased information about the market
- News feeds
- Research services
- Charts
- Managed accounts
Forex Brokers Conclusion
Different brokers have many different offers and features. You would want to compare them first before picking one that works for you.
We have conducted extensive research and analysis on over multiple data points on What is a Forex Broker to present you with a comprehensive guide that can help you find the most suitable What is a Forex Broker. Below is a list of what we consider to be the best Forex after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching What is a Forex Broker.
Reputable What Is A Forex Broker Checklist
There are a number of important factors to consider when picking an online Forex trading brokerage.
- Check your Forex broker has a history of at least 2 years.
- Check your Forex broker has a reasonable sized customer support of at least 15.
- Does the Forex broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Forex broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Forex broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Forex can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Forex.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Forex.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Forex of 2023 compared
Here are the top Forex.
Compare Forex min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Forex. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex that accept Forex clients
| Broker |
IC Markets
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Roboforex
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eToro
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XM
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Pepperstone
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NordFX
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XTB
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AvaTrade
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FP Markets
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Trading212
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EasyMarkets
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| Rating | |||||||||||
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | 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) | 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) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) |
| Min Deposit | 200 | 1 | 50 | 5 | 200 | 1 | No minimum deposit | 100 | 100 | 1 | 100 |
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| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 3,500,000+ | 400,000+ | 10,000+ | 581,000+ | 300,000+ | 10,000+ | 15,000,000+ | 142,500+ |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | 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 | MT4, MT5, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, 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 | Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with nordfx |
Sign
Up with xtb |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with trading212 |
Sign
Up with easymarkets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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 | Losses can exceed deposits | 81% 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. | 71% 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. 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. | Your capital is at risk |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XM Demo |
Pepperstone Demo |
NordFX Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Trading 212 Demo |
easyMarkets Demo |
| Excluded Countries | US, IR, CA, NZ, JP | US, JP, IR, RU | 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, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, IL, KR, IR, MM, CU, SD, SY | 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, EU, RU, SY, KP, CU | US, IN, PK, BD, NG , ID, BE, AU | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA | 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 |
All Forex in more detail
You can compare Forex 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 for 2023 article further below. You can see it now by clicking here
We have listed top Forex below.
What Is A Forex Broker Table of Contents
- What Is A Forex Broker Explained
- 6 Factors to Consider when Choosing What Is A Forex Broker
- Are Your What Is A Forex Broker Trusted And Established?
- Are The What Is A Forex Broker World Leading?
- What are the What Is A Forex Broker Commissions and Fees?
- What are the What Is A Forex Broker Funding and Withdrawl Methods?
- Find What Is A Forex Broker with Round-the-clock support?
- Make sure the What Is A Forex Broker Offer Comprehensive Trader resources?
- Why What Is A Forex Broker needs to be regulated?
- What Is A Forex Broker FAQ
- What are the best Forex brokers?
- What is the best Forex broker?
- Related What Is A Forex Broker Reviews
- Related What Is A Forex Broker Alternatives
- Related What Is A Forex Broker Comparisons
What Is A Forex Broker Explained
Trading the financial markets with What Is A Forex Broker when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for What Is A Forex Broker is the platform that a What Is A Forex Broker offer.
Choose What Is A Forex Broker that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need What Is A Forex Broker that you can rely on.
6 Factors to Consider when Choosing What Is A Forex Broker
Follow these five rules for selecting a broker that's right for you:
Are Your What Is A Forex Broker Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated What Is A Forex Broker broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Cyprus.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XM
|
Pepperstone
|
NordFX
|
XTB
|
AvaTrade
|
| Year Established | 2007 | 2009 | 2007 | 2009 | 2010 | 2008 | 2002 | 2006 |
| Head Office | Australia | Cyprus | Cyprus, UK | Cyprus | Australia | Mauritius | Poland | Ireland |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | 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) | 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 |
| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 3,500,000+ | 400,000+ | 10,000+ | 581,000+ | 300,000+ |
| Negative balance protection | Yes | No | Yes | Yes | Yes | Yes | No | |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XM | Visit Pepperstone | Visit NordFX | Visit XTB | Visit AvaTrade |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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 | Losses can exceed deposits | 81% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider |
Are The What Is A Forex Broker World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. IC Markets Segregates clients funds and offers over 2250 instruments. IC Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for What Is A Forex Broker is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XM
|
Pepperstone
|
NordFX
|
XTB
|
AvaTrade
|
| Instruments Available | 2250 | 100 | 5000 | 1000 | 1200 | 50 | 5600 | 1250 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | 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 | MT4, MT5, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 |
| Excluded Countries | US, IR, CA, NZ, JP | US, JP, IR, RU | 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, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, IL, KR, IR, MM, CU, SD, SY, PT | 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, EU, RU, SY, KP, CU | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | BE, BR, KP, NZ, TR, US, CA, SG |
| Forex pairs offered | 61 | 35 | 50 | 55 | 70 | 57 | 55 | |
| Forex pairs offered | 61 | 35 | 50 | 55 | 70 | 57 | 55 | |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 31 | 15 | 16 | 0 | 21 | 17 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | No | Yes | Yes |
| Agricultural | Yes | No | Yes | No | Yes | No | Yes | Yes |
| Stocks Offered | 2100 | 0 | 2042 | 160 | 1100 | 1696 | 1000 | |
| UK Shares | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
What are the What Is A Forex Broker Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated What Is A Forex Broker broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated What Is A Forex Broker broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 1. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XM
|
Pepperstone
|
NordFX
|
XTB
|
AvaTrade
|
| Min Deposit | 200 | 1 | 50 | 5 | 200 | 1 | 0 | 100 |
| Withdrawl Fees | No | Yes | Yes | No | No | No | varies | No |
| Inactivity Fees | No | No | Yes | Yes | No | No | Yes | No |
| Deposit Fees | Varies | No | No | No | No | No | No | No |
| CFD Commission Fees | Yes | No | Yes | No | Yes | Yes | Yes | No |
What are the What Is A Forex Broker Funding and Withdrawal Methods?
When dealing with What Is A Forex Broker having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XM
|
Pepperstone
|
NordFX
|
XTB
|
AvaTrade
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| Paypal | Yes | No | Yes | No | Yes | No | Yes | Yes |
| Skrill | Yes | No | Yes | No | Yes | No | Yes | No |
| Payoneer | No | Yes | No | No | Yes | No | Yes | Yes |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find What Is A Forex Broker with Round-the-clock support?
Customer service is very important when dealing with What Is A Forex Broker.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
What Is A Forex Broker customer support can include Phone answering services, Live chat support and Email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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Roboforex
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eToro
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XM
|
Pepperstone
|
NordFX
|
XTB
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AvaTrade
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| Support |
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XM | Visit Pepperstone | Visit NordFX | Visit XTB | Visit AvaTrade |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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 | Losses can exceed deposits | 81% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider |
Make sure the What Is A Forex Broker Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, IC Markets and Roboforex work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why What Is A Forex Broker needs to be regulated?
A regulated What Is A Forex Broker broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
What Is A Forex Broker brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
What Is A Forex Broker List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
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. 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.
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.
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.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Zero account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
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Losses can exceed deposits