History Of Forex

Forex Brokers Explained

Trading the financial markets with Forex Brokers 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 Forex Brokers is the platform that a Forex Brokers offer.

Choose Forex Brokers that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need Forex Brokers that you can rely on.

6 Factors to Consider when Choosing Forex Brokers

Follow these five rules for selecting a broker that's right for you:

Are Your Forex Brokers 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 best rated Forex broker is IC Markets. Established in 2007, 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 Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.

Another best rated broker is Roboforex.

Roboforex was established 2009, Roboforex have a head office in Belize.

Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Seychelles Financial Services Authority (FSA) (SD018) regulatory bodies.

Broker	IC Markets	Roboforex	eToro	XTB
Year Established	2007	2009	2007	2002
Head Office	Australia	Belize	Cyprus, UK	Poland
Regulation	Seychelles Financial Services Authority (FSA) (SD018)	RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. 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)
Used By	200,000+	730,000+	35,000,000+	1,000,000+
Negative balance protection	Yes	Yes	Yes	Yes
Guaranteed Stop Loss	No	No	No	No
Learn More	Visit IC Markets	Visit Roboforex	Visit eToro	Visit XTB
Risk Warning	Losses can exceed deposits	Losses can exceed deposits	51% of retail investor accounts lose money when trading CFDs with this provider.	74-83% 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.

Are The Forex Brokers 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, IC Markets supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. 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 Forex Brokers is Roboforex . Roboforex Segregates clients funds and offers over 12000 instruments.

Broker	IC Markets	Roboforex	eToro	XTB
Instruments Available	2250	12000	6000	6000
Platforms	MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central	MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows	eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web	MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play)
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, 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, MG, MK, MO, UA, JO, KR,	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
Forex pairs offered	61	35	50	57
Forex pairs offered	61	35	50	57
Major forex pairs	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	No	Yes	No
Commodities Offered	20	21	31	21
Metals	Yes	Yes	Yes	Yes
Energies	Yes	No	Yes	Yes
Agricultural	Yes	No	Yes	Yes
Stocks Offered	2100	0	2042	1696
UK Shares	Yes	Yes	Yes	Yes
US Shares	Yes	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	Yes
Japanese Shares	Yes	Yes	Yes	Yes

What are the Forex Brokers Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated Forex broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.

Another best rated Forex broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10.

Broker	IC Markets	Roboforex	eToro	XTB
Min Deposit	200	10	50	0
Withdrawl Fees	No	No	Yes	Yes
Inactivity Fees	No	No	Yes	Yes
Deposit Fees	No	No	No	No
CFD Commission Fees	Yes	No	Yes	Yes

What are the Forex Brokers Funding and Withdrawal Methods?

When dealing with Forex Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	IC Markets	Roboforex	eToro	XTB
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	Yes	No	Yes	Yes
Skrill	Yes	No	Yes	Yes
Payoneer	No	Yes	No	Yes
Neteller	Yes	Yes	Yes	Yes

Find Forex Brokers with Round-the-clock support?

Customer service is very important when dealing with Forex Brokers.

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.

Forex Brokers 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	Roboforex	eToro	XTB
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
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	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More	Visit IC Markets	Visit Roboforex	Visit eToro	Visit XTB
Risk Warning	Losses can exceed deposits	Losses can exceed deposits	51% of retail investor accounts lose money when trading CFDs with this provider.	74-83% 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.

Make sure the Forex Brokers Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from best 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 do Forex Brokers need to be regulated?

A regulated Forex broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Forex 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.

Related Forex Brokers Reviews

Read our reviews on our Forex Brokers listed above. You can read our indepth Forex Brokers reviews below.

• IC Markets Review
• Roboforex Review
• eToro Review
• XTB Review
• XM Review
• Pepperstone Review
• AvaTrade Review
• FP Markets Review
• easyMarkets Review
• SpreadEx Review
• FxPro Review
• Admiral Markets Review
• ThinkMarkets Review
• FXPrimus Review
• Trading 212 Review
• ForexMart Review
• Eightcap Review
• ForTrade Review
• Interactive Brokers Review
• Forex.com Review
• IG Review
• Oanda Review
• CMC Markets Review
• Hargreaves Lansdown Review

Related Forex Brokers Alternatives

If you feel some of the above Forex Brokers are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Forex Brokers alternatives below.

• IC Markets Alternatives
• Roboforex Alternatives
• eToro Alternatives
• XTB Alternatives
• XM Alternatives
• Pepperstone Alternatives
• AvaTrade Alternatives
• FP Markets Alternatives
• easyMarkets Alternatives
• SpreadEx Alternatives
• FxPro Alternatives
• Admiral Markets Alternatives
• ThinkMarkets Alternatives
• FXPrimus Alternatives
• Trading 212 Alternatives
• ForexMart Alternatives
• Eightcap Alternatives
• ForTrade Alternatives
• Interactive Brokers Alternatives
• Forex.com Alternatives
• IG Alternatives
• Oanda Alternatives
• CMC Markets Alternatives
• Hargreaves Lansdown Alternatives

History of Forex FAQ

Who invented Forex trading?

Forex trading has been around since the beginning of historical record and and can be found as far back as biblical times. Exchanging currency has always been an important element of trade.

Forex has been around in ancient, medieval, early modern and modern societies.

When did online Forex start?

Trading forex online is as old as the internet itself and can be traced as far back as 1969.

Banks and financial institutions were amoung the first to adopted a network of inter connectioned financial systems.

Online forex trading became its more recognisable form in 1990 with advancements in computing hardware and better access to connected networks.

Can you get rich by trading forex?

Trading the Forex markets is not a get rich quick scheme.

Forex trading can be very profitable but comes with risks like any investment. Over $5 billion USA dollars are traded on the foreign exchange markets and professional traders are able to capitalise on the price movements of world currencies and can make huge profits.

How do you trade Forex?

You can trade the Forex markets online by signing up with a online broker like XTB, Etoro, Pepperstone or Plus500.

Once you have signed up you will have access to that brokers online trading platform through your webbrowser.

Make sure your broker offers free resources like analysis, education and risk-management tools. Pick a broker that offers good customer support, has low fees and has been in business for over 3 years.

Related Forex Brokers Comparisons

You can read some of our Forex Brokers comparisons. We compare side by side some of our best rated Forex Brokers. Read some Forex Brokers VS pages below.

• ICMarkets vs Roboforex
• ICMarkets vs eToro
• ICMarkets vs XTB
• Roboforex vs ICMarkets
• Roboforex vs eToro
• Roboforex vs XTB
• eToro vs ICMarkets
• eToro vs Roboforex
• eToro vs XTB
• XTB vs ICMarkets
• XTB vs Roboforex
• XTB vs eToro
• XM vs ICMarkets
• XM vs Roboforex
• XM vs eToro
• Pepperstone vs ICMarkets
• Pepperstone vs Roboforex
• Pepperstone vs eToro
• AvaTrade vs ICMarkets
• AvaTrade vs Roboforex
• AvaTrade vs eToro
• FPMarkets vs ICMarkets
• FPMarkets vs Roboforex
• FPMarkets vs eToro
• easyMarkets vs ICMarkets
• easyMarkets vs Roboforex
• easyMarkets vs eToro
• SpreadEx vs ICMarkets
• SpreadEx vs Roboforex
• SpreadEx vs eToro
• FxPro vs ICMarkets
• FxPro vs Roboforex
• FxPro vs eToro
• AdmiralMarkets vs ICMarkets
• AdmiralMarkets vs Roboforex
• AdmiralMarkets vs eToro
• ThinkMarkets vs ICMarkets
• ThinkMarkets vs Roboforex
• ThinkMarkets vs eToro
• FXPrimus vs ICMarkets
• FXPrimus vs Roboforex
• FXPrimus vs eToro
• Trading212 vs ICMarkets
• Trading212 vs Roboforex
• Trading212 vs eToro
• ForexMart vs ICMarkets
• ForexMart vs Roboforex
• ForexMart vs eToro
• Eightcap vs ICMarkets
• Eightcap vs Roboforex
• Eightcap vs eToro
• ForTrade vs ICMarkets
• ForTrade vs Roboforex
• ForTrade vs eToro
• InteractiveBrokers vs ICMarkets
• InteractiveBrokers vs Roboforex
• InteractiveBrokers vs eToro
• Forex.com vs ICMarkets
• Forex.com vs Roboforex
• Forex.com vs eToro
• IG vs ICMarkets
• IG vs Roboforex
• IG vs eToro
• Oanda vs ICMarkets
• Oanda vs Roboforex
• Oanda vs eToro
• CMCMarkets vs ICMarkets
• CMCMarkets vs Roboforex
• CMCMarkets vs eToro
• HargreavesLansdown vs ICMarkets
• HargreavesLansdown vs Roboforex
• HargreavesLansdown vs eToro