Forex brokers leverage comparison

JustForex Review, Rating and Comparison.

RATING: 3 / 14 REVIEWS.

Trading Accounts.

JustForex offers its clients a choice of several basic account types in order to suit the needs of traders of all levels of experience and preferences. All account types offer variable spreads and micro tradable lots, however spread amounts vary, as well as leverage levels. The tightest spreads are of course delivered on the ECN account, where a commission applies, while the other two account types are commission-free.

In 2017 the broker also launched a Cent account with leverage up to 1:2000 and average spread of 2 pips.

In addition, swap-free (Islamic) services are available for all account types upon request from clients who are not willing to earn interest for religious reasons. There are some restrictions on the opening of the Islamic accounts with this broker: only traders living in a country, where the official religion is the Islam, may transfer their accounts into the swap-free group.

Furthermore, unlike most brokers, who offer demo accounts for a certain period of time, JustForex provides free practice accounts with no time limits.

The Company. Security of Funds.

JustForex is an offshore broker that is offering trade in a wide range of currency pairs and precious metals on the renown MetaTrader 4. This is a brand of IPCTrade Inc, which operates on the basis of international brokerage license, issued by the International Financial Services Commission of Belize (IFSC).

IFSC has very liberal control over forex brokers. It requires brokers to hold at least $100,000 net tangible assets, to keep client funds in segregated accounts, and report to the ISFC on a monthly basis. Unlike with the FCA and other EU regulators, regulated companies are not required to detail individual transactions, nor are connected to any compensation schemes.

To put it simply, when considering operating with Belize-regulated brokerages, traders should take into account that they will be receiving very limited regulatory protection and oversight.

We have to point out that despite the above said, JustForex currently is one of the most popular brokers in Asia and is one of the few brokers that offers Negative Balance Protection. This means that when negative balance takes place due to market volatility, it will be set to zero.

Minimum Initial Deposit.

There is no minimum deposit on any account with this broker. Yet, in order to place an order, one has to deposit at least $0.5 for Classic accounts or $2 for the other two. These are symbolically low amounts, as most brokers require at least $100 – $300 from traders as a start. In comparison, another offshore broker, ForexBrokerInc, requires $100 from its clients as a minimum for all account types.

Average Spreads & Commissions.

This broker offers floating spreads, which vary by account type: the ones on the Standard account type are averaged 1.3 pips for the EUR/USD pair, which is average; and the ECN spreads are pretty tight, averaged 0.4 + $2.5 for 1 lot, which means that trading costs on ECN account are around 0.9 pips, which is a pretty good deal, especially taking into account that ECN account is accessible for just $2.

In comparison, FX Choice, another Belize-registered broker, offers average variable spreads of 1.2 pips fo on its commission-free accounts and ECN spreads averaged 0.5 pips for the EUR/USD pair, involving a commission of $3,50 per lot per side. For further information, you may check out and compare real-time spreads of 15 leading brokers here.

The maximum leverage rates at JustForex are one of the highest in the forex industry, reaching 1:3000. In comparison, SVG-based OctaFX and ForexBrokerInc both offer leverage up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.

Traders, however, should be aware of the risks associated with trading on margin – higher leverage levels may lead to losses, even exceeding initial investments. That is why many jurisdictions set limitations on leverage, which are considerably lower, for instance 1:50 in USA and Turkey.

JustForex offers its services on the most popular platform among traders - MetaTrader 4. The MT4 is available as desktop version, mobile apps a web-based version.

This professional, fully-featured software provides traders with everything they need: fast order execution, a variety of technical indicators, linear instruments advanced charting package and the ability to develop and to use Expert Advisors (EA). There are many different time frames to choose from and you can place a trade with a single click or within a chart.

More brokers using the MT4 can be viewed here.

In 2016 the broker introduced trading forecasts, recommendations and analytics from Trading Central, available to clients who have made at least one deposit into their accounts. Those traders who have an account balance exceeding $100, are also entitled to access to the TC. Technical Analysis indicator from Trading Central. The trading recommendations and the analysis will appear directly in the dynamic graph window, where users can select the timeframe on their MT4.

What is more, JustForex provides Trading Signals via MQL5. All you have to do is create an MQL5 account, choose a successful signals provider and copy his or her orders.

Currently JustForex offers welcome on-deposit bonuses of 100% (up to $20 000) for deposits over $100.

Methods of Payment.

Clients of JustForex are offered a variety of payment modes to choose from: credit cards, bank wire transfers, and the following e-wallets: Skrill, Neteller, WebMoney, QIWI, Perfect Money, China UnionPay, ePayments, DixiPay, OK PAY, Yandex, Bitcoin and others.

JustForex Prepaid card (or ePayments Prepaid MasterCard®) is also an option – a universal payment solution, which considerably simplifies the payments settlement between JustForex and its clients.

JustForex is a reputable offshore broker, offering competitive conditions for trading in a wide range of currency pairs and precious metals on the MT4 platform. ECN environment is accessible with very low deposit and the broker promises to zero out clients`negative balances. Its main disadvantage is the lighter regulation. To sum up the above:

FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.

easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.

Slippage.

Price feed.

Deposit/Withdraw.

Customer service.

Traders` reviews for JustForex.

2 depo, 2 withdr.

3 deposits and 2 withdrawals for 4 months, not bad for me, at least it’s transferred fast with neteler. I hope it will be still so when I’ll trade larger sums. For now everything’s okay.

I have a question about new accs - will my ECN become a new ECN zero or can I leave the old trading conditions? In general, I liked the old one but still thinking of whether I need to shift to that new acc.

They are quite good, all the strategies are allowed, they don’t cancel profitable deals, and let me to withdraw money. I am glad that I can scalp as much as I want.

7 months of trading.

I have been familiar with forex for a long time. I worked with different brokers, and I started trading with Justforex nearly 7 months ago. The broker is relatively young, but successful. I found nearly the most optimal conditions with them. There are no minimals, the spreads are adequate, the trading terminal operates without interruptions. Sometimes they offer interesting bonuses, and I try to participate in them.

A good broker to trade with.

I was welcomed with this broker by a bonus with good conditions (it was withdrawable) the last year. I fulfilled its conditions and got my money. I was happy and decided to try working with them. During that year I wasn't disappointed. Sometimes I get slippages but the problem is in my internet connection, it’s very very bad sometimes in Indonesia. When I changed my provider, my work became more smooth. I close orders will small slippages and can do my hobby whenever I want. Thanks for your attention and for the work!

Good broker.

I can’t say anything bad about the broker. The trading is convenient with standard conditions that are executed without any problems. I cash out the money almost every week and haven’t had any troubles.

I’ve been trading with the broker around 5 months, and currently I use ECN account. It really makes me happy that they cash out very fast. If somebody doesn’t trust me, here is a screenshot to prove my words.

The broker is excellent!

The broker is excellent! I don't really trade with him regularly, but he still deserves the praise. Despite being a young company, Just Forex is good at everything, starting from orders execution to money withdrawal.

For a newbie like me, it’s very important to have a feedback from the broker. Their educational system is very useful; they organize webinars where you can learn much stuff because the material is given in a way so everybody can understand. I’m not very successful at trading right now, but the broker seems to work without any problems.

I started to trade with the company since last August and have never faced any problems throughout this period. Recently, I’ve been trying to promote their partnership program, and I hope it will go well because they offer great conditions.

JustForex is my first broker. I can’t see any differences between this one and others, but knowing the problems that usually occur, I can say that JustForex is deprived of them. I don’t have any profit or loss yet – I’m somewhere in the middle.

Thebrokerisexcellent.

Thebrokerisexcellent. I’ve cashed out more than my initial deposit. That means that I’m trading with my profit. They’ve always cashed out fast.

Good Broker.

A very good broker! Fast payment processing. Never experienced any problems. The best way to prosper for a company is through word of mouth and not filling the net with advertising.

I have been working with them for about 3 months already. No complaints so far. Good execution, deposit via Neteller, good affiliate commissions, planning to continue working.

Forex Industry News.

Latest forex brokers.

Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

All textual content on ForexBrokerz is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. ForexBrokerz does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations.

Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy.

ForexBroker Inc (out of business) Review, Rating and Comparison.

RATING: 0 / 4 REVIEWS.

ForexBroker Inc is now closed. The website now reffers clients to AvaTrade, PaxForex and FxChoice.

Clients of ForexBrokerInc are offered a choice of three main account types. All of them require a minimum initial deposit of $100. The Pro account is commission-fee and the orther two onvolve a commission for the ECN environment.

The broker has developed the ECN Micro account especially for newbies, as micro lots are available for trade.

What is more, ForexBrokerInc offers MAM accounts which allow multiple MT4 accounts to be managed simultaneously from a single interface.

VIP Service is also available to account holders with minimum deposit of $ 5000 or such who execute trades with a combined value of at least $2.5 million. ForexBrokerInc’s VIP service includes:

- Participation in upcoming forex tournaments and monthly raffles;

- No fees for Deposits or Withdrawals;

- Allocated account manager 24/5.

The broker has also introduced a new VIP account type, called VIP Plus status account, where traders are required ti deposit a minimum of $15,000 and trade at least $5.0 million. The benefits of the VIP Plus Status Program include the ones from the simple VIP status plus advanced MT4 platform setup, free VPS and subscription to Trade Recommendations.

The Company. Security of Funds.

ForexBrokerInc is an offshore broker, offering trading in a wide range of products, such as forex, various CFDs, spot metals and energy products.

Behind the brand ForexBrokerInc is brokerage company Gridley Enterprises SA., established in 2011. Formerly registered in Belize, ForexBrokerInc has changed their registration to Marshall Islands, however both destinations are offshore zones and forex brokers registered there are not under any regulation.

Brokers based in Marshall Islands don’t have to meet any of the stringent requirements US or UK-based brokerages do: they are not required to report regularly to any authority, nor to conduct external audits; companies registered in Marshall Islands are not obliged to hold clients’ funds in segregated accounts, to possess certain minimum capital in order to prove their financial standing, nor to arrange a compensation scheme in the event of insolvency.

So, if you intend to invest a large amount of money, we would advise you to select among FCA-regulated brokerages, US-based or Swiss brokers, for example, where the respective financial watchdogs have set strict rules and see to their observance, so that clients’ investments with forex brokerages are safe and secure.

We have to point out that despite the above said, ForexBrokerInc cannot be compared to all those emerging offshore brokers who chose the Marshall Islands or the Seychelles as their headquarters because of the less costly registration procedure and light touch regulation. ForexBrokerInc has more than 5 years of experience on the forex market, it is a reputable broker who has received the Excellence Award 2015 and has been named Trader's Choice 2015 by DailyForex.

Minimum Initial Deposit.

ForexBrokerInc has one and the same minimum deposit requirements for all trading account types - $100. Such initial amount is average for the forex market. Belize-based FX Choice demands the same amount as a minimum for opening an account.

Average spreads & Commissions.

ForexBrokerInc provides variable spreads averaged 0.7 pips on EUR/USD on the ECN accounts, where a 1/1.5 pip commission applies. This broker’s Pro account, on the other hand, is commission-free, offering typical spreads of 1,9 pips on EUR/USD. So, basically the trading costs with ForexBrokerInc are around 1.7 – 1.9 pips (commission, where applicable, included), which is considered as relatively high value for the forex market.

In comparison, LiteForex (which is also registered in the Marshall Islands) provides average variable spreads amounting to 1.1 pips on EUR/USD, and FX choice – floating spreads averaged 1.2 pips on EUR/USD on their commission-free accounts.

The maximum leverage levels available with this broker are high, reaching 1:500. Belize-based FXCL also provides leverage up to 1:500 and Lite forex – up to 1:1000. You may look up more forex brokers offering leverage equal to or exceeding 1:500 here.

We advise traders to exercise caution when using higher leverage levels, for they may not only multiply their earnings on a small deposit, but also lead to heavy losses in excess of initial investments made.

ForexBrokerInc provides its clients with a choice of two trading platforms: the most popular Metatradeer 4 (MT4) and Sirix.

MT4 offers a number of technical indicators, extensive back-testing environment, advanced charting package and a wide range of Expert Advisors (EA), allowing clients to fully automate their trades. In this regard, the broker also provides the use of VPS (virtual private server) to customers who are using EAs to trade, allowing trading robots work more efficiently due to a high-quality broadband Internet connection, and also enabling traders to make timely adjustments to the advisors’ operation. MT4 comes in desktop, and mobile versions.

The ForexBrokerInc’s Sirix Webtrader is powered by Leverate a worldwide recognized forex brokerage software provider. The platform allows Mac users and PC users to access the forex market with no requirements to download or install anything to their computer.

ForexBrokerInc runs a variety of promotions. At the time of writing this review the following bonuses are available:

- $100 no-deposit welcome bonus;

- Loyalty Bonus for existing members, its percentage depending on the payment method and the deposit amount;

- Welcome on deposit bonuses under the following scheme:

100% on minimum initial deposit of $500 via bank wire to a maximum of $ 5000;

40% on initial deposits from $100 to $10 000 via Neteller;

20%/30% on initial deposits from $100 to $499 / $500 to $10 000 respectively via credit card;

Methods of Payment.

ForexBrokerInc offers its clients the following payment modes: credit cards (Visa, Visa Electron, Mastercard), e-wallet Neteller, and bank wire.

ForexBrokerInc appears to be a decent broker, offering reasonable conditions for trading in a variety of products through different platforms. Our only concern with regards to it is the lack of regulation. Here are, in a nutshell, the advantages and disadvantages of ForexBrokerInc:

FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.

easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.

Slippage.

Price feed.

Deposit/Withdraw.

Customer service.

Traders` reviews for ForexBroker Inc (out of business)

Broker INC.

Average broker with average trading conditions and offshore registration. I didn’t get a lot of problems with them, but still I had some big negative slippages and requotes, especially during volatility periods. So i changes it for ECN broker and now using all benefits of trading at real market.

Great Broker.

I have been with them for about a year. They are excellent "non Scam" broker. I also am a MAM with them. I just won the Free Roll contest and am extremely pleased. They always get right back to me quickly, never a withdrawal delay etc. I know I sound like I work for them but I don't. Just very happy customer :)

make trading funny.

Forexbrokerinc offer such great forex bonus promotions that others do not! I love their tournaments and payroll competitions!

a decent broker for u. s traders.

I really enjoy trading with Forexbrokerinc. It's really easy to open and close trades or to deposit, support is polite and fast and their bonuses are always welcome!

Forex Industry News.

Latest forex brokers.

Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on ForexBrokerz is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

All textual content on ForexBrokerz is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source. ForexBrokerz does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations.

Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy.

Forex Brokers.

Due to the popularity of forex trading over the past decade, hundreds, if not thousands, of new forex brokers have flooded the market, all seeking your patronage. Our desire is to help you find out exactly which one of these brokers is the right one for you, thereby avoiding a potential nightmare from ever happening before you even get started.

- Over 400k Account Registered.

- More than 250 Trading Instruments.

- MT4, MT5 and Web Trader Platforms.

- Full ECN Trading Model.

- Active 10+ years.

- 40% New Member Bonus.

- Very well regulated.

- Support in 18 languages.

- Negative balance protection.

- Social Trading Platform.

- 24/5 Customer Support.

Table of Contents – 5 Step Guide.

Key Considerations when choosing a forex broker Step 1: Choose a trusted forex broker Trusted Forex Brokers Top List Step 2: The broker’s offer and services Step 3: What to watch out for Step 4: Other considerations Step 5: Checklist of features For non-US traders Concluding Remarks.

Forex brokers range widely from the highly reputable and well regulated firms like FXTM or AVA, handling many accounts honorably, to those engaging in questionable pricing and order execution practices, to outright fraud in some cases, like Refco, a highly publicized bankruptcy of a forex and commodities broker that attempted to hide $430 million in bad debts from investors and clients. Customer accounts were not held in segregated bank accounts and suddenly reverted to paying down other creditor claims. In other words, traders lost their money before they were able to make their first trade.

Consequently, it is basic common sense that all traders should take their time when choosing their most significant business partner, the one that will support their trading aspirations going forward – their forex broker. The process is called “due diligence” or “vetting a vendor” or whatever name you may wish to assign to the task, but urgency should not be a factor. When it comes to money, there is a criminal element in our society that will go to great lengths to deceive you. Significant research in advance will pay rewards. Take your time to find a forex broker that is worthy of your trust, before you ever send them any money.

There are many websites that can help you in your search process. The staff at Forextraders has reviewed many capable brokers and reduced the group down to a list of worthy candidates. The selection process begins by choosing a minimum of three possible brokers, and then following with an evaluation of each and whether they meet your needs. Even after you narrow the group down to one final candidate, you may want to start off slow with a small deposit and small trade positions to validate your initial findings. There is no reason to rush. There will always be trading opportunities around the corner.

Step 1: Choose a trusted forex broker.

Of course, the first and most important consideration when selecting a forex trading broker involves determining whether or not your funds will be secure in the broker’s hands.

There are four aspects you want to examine to make sure your money is safe: Domicile , Regulation , Reputation, and Funding .

If the domicile of your forex broker is in a major country with well-developed financial regulation, this legal infrastructure can often help you recover your funds if problems arise. Make sure to double-check the domicile of the company even if the address looks reputable. Sending your money to an online forex broker based in less well-regulated places like the Bahamas or Panama may not be in your best interests. Trying to exert your legal rights in a foreign jurisdiction can be a daunting task, especially if there is no regulatory oversight in the background to support your effort. Avoiding forex brokers with a dubious base of operations will actually help narrow down considerably the search for a reputable broker! And you want to save time, right?

Regulation.

The second security signal to check is whether the broker is regulated or not. You should be aware that opening an account with a forex broker who has taken the trouble to register with a regulatory agency – while a very good idea – will still not guarantee that the company is legitimate or that your trading funds are safe.

Nevertheless, by having a regulatory agency involved, a certain amount of recourse exists for a broker’s clients if the company files for bankruptcy or if other problems develop that put the return of your trading funds at risk. To conclude, you should always choose a regulated broker.

Reputation.

The third point to check out is the broker’s reputation. Be sure to check the Internet for either favorable testimonials or continuing complaints about the brokers you have chosen for consideration. Especially look for reviews and comments where traders have had difficulties in withdrawing their funds. If you see evidence of this, don’t waste any more time on this broker.

The fourth and last point when it comes to choosing a trusted broker involves the financial security of the broker. Your money will always be more secure in the hands of a forex broker with great financial backing. The broker should be well funded, or have a trusted owner or parent company. These supporting relationships are often disclosed on the broker’s official web site on tabs like “About Us” or “Press Releases”. Although all the top forex brokers represented here should be well funded, it is always a good idea to make sure one extra time. You may also want to visit the website for the regulatory body in the region. Regulators often publish annual statistics on the capital funding for their licensees and whether they are adequate or not. You will also want your broker to hold your funds in segregated accounts at Tier-One banks. Safety and soundness are key factors when dealing with a broker.

Use the chart below to compare forex brokers. Here you will find our top choices of brokers that you can trust with your money.

Top list of most trusted forex brokers.

- Over 400k Account Registered.

- More than 250 Trading Instruments.

- MT4, MT5 and Web Trader Platforms.

- Full ECN Trading Model.

- Active 10+ years.

- 40% New Member Bonus.

- Very well regulated.

- Support in 18 languages.

- Negative balance protection.

- Social Trading Platform.

- 24/5 Customer Support.

- Well regulated in over 3 continents.

- 24/5 multilingual Customer Support.

- Tightest spreads in the market.

- 15% new account opening bonus.

- MT4, MT5 and mobile trading platforms.

- Multi Asset Trading Platform.

- No Time Frame for Demo Accounts.

- Very well regulated.

- Dedicated Account Manager.

- 1 Million GBP Insurance by Lloyds of London.

- ECN Real Raw Spreads, 0.2 EUR/USD.

- Up to 1:500 leverage with micro-lots (0.01 size) available for everyone.

- Scalping, hedging, trading on the news, and EAs are permitted.

- 50% FTD Bonus! (non EU Traders only)

- Active since 2001.

- 300+ markets can be traded.

- Social Trading Features.

- Available in 25 languages.

- No Minimum Deposit.

- Very well established.

- 24/5 Customer Support.

- $30 + Deposit Bonus up to $5,000 (t&c apply)

- Very well regulated.

- 24 hour support.

- Forex Pais and CFD Trading.

- Cash back loyalty bonus. Earn up to £1.80 cash back per lot.

- Tight Spreads as low as 1.2 pips.

- No minimum deposit.

- Very well established.

- Daily s with market commentary.

- Automated mirroring service.

- One on one training.

- 24x5 customer support.

- 24/5 Customer support.

- Phone and live chat support.

- PAMM Accounts Available.

- Owned by the BetFred Group.

- Trade in 50 currency pairs.

- Very well regulated.

- BONUS: $4 cashback per lot traded till the end of the year.

- EAs, hedging and scalping allowed.

- ECN shop with the backing of several liquidity providers.

- Bilingual customer support 24x6.

- FXGiants has a proprietary interface to make its account funding process easier, fast and secure.

- Very well regulated.

- Order slippage on stop losses is generally minimal.

- Trade in over 50 currency pairs.

- No fees for deposit or withdrawals.

- Does both binary and forex.

- Low minimum deposit.

- Their own platform.

- No withdrawal fees.

- Three trading platforms.

- Bonus available(t&c apply)

- Their own platform and MT4.

- Attractive bonus promotions.

- Dedicated account manager.

- Various FTD bonuses.

- No dealing desk executions.

- Account management for traders on varying experience levels.

- Many Deposit and Withdrawals options.

- Forex pairs and CFD trading.

- Tight spreads as low as 1.2 pips.

- Over 130 assets.

- CopyMaster social trading platform.

- Permits scalping hedging, EAs.

- Very well regulated.

- Withdrawal request approved within 24 hours.

- Negative balance protection.

- 24 hour support.

Want to be featured in this Broker list?

Send to: brokers[]forextraders.

Note that a high degree of leverage can work against you as well as for you.

• Leverage over 50:1 for majors and 20:1 for minors is not available to traders in the U. S.

• As indicated in the list, only NFA regulated brokers are available to U. S. customers.

* Brokers offer variable spreads which means that the spreads are subject to current market conditions.

If you want to get some more basic information on brokers, and more information on different regulatory bodies that provide oversight for forex brokers as well as articles that dig deeper into the different aspects on choosing a forex broker that we talk about on this page, you will find that in our forex broker tips section.

Step 2: The broker’s offer and services.

After you have found a broker that you think you can trust with your money, it is time to look at the offer and services you should expect from your broker.

My top list of things to check out include the following:

1. Spread Margins.

Forex brokers usually charge a commission on deals by taking part of the bid offer spread, so the tighter their spreads, the more money the trader saves. If your preferred trading strategy is more active than most, then spread margins will be more important for you.

2. Execution of orders.

Speed is really important when it comes to execution of orders. You should test his speed and effectiveness with a demo account with the broker you have chosen. More on demo accounts later. In some cases, the demo account may not be a good barometer. You should also check other online reviews to find out if there are “slippage” problems or constant re-quotes from the broker. If the speed and effectiveness is not there, then choose another broker!

3. Check out the trading platform.

You need to determine the ease of use and reliability of the broker’s trading platform, in addition to the quality of the online market information offered by the broker to its clients. Does the platform need to be downloaded, as with Metatrader4, the most popular and widely used platform on the market? Some downloads are easier than others. Is the platform a proprietary design? This situation may be good or bad. Demo testing can help here, as well. It is not always easy to decide the best forex trading platform since it depends on your needs. Are you on the go and need to access your account via an iphone or Android device? Some brokers support mobile trading. Others do not.

Remember, the forex market is open 24 hours a day almost 6 days a week, if you count from the opening of the week in Sydney Monday morning until closing in NY Friday afternoon. See the forex market opening times. Different time zones can impact the accessibility of customer support services. If the broker’s support crew is on one side of the globe and you are on the other, you might need support from your broker on a 24-hour basis. We highly recommend that you choose a broker with 24-hour support.

These were our four most important points to review when accessing the capabilities of your prospective broker. It also helps to be aware of the pitfalls that can occur in the forex industry. Here are a few tips that could alert you to the possibility of questionable business practices and help you to easily discard prospective brokers on your short list.

Step 3: What to watch out for.

Beware of Unusual Trading Rules.

Beware of forex brokers with arcane trading rules, such as giving you a minimum time to hold a position or denying you to “pip hunt”.

Beware Outrageous Marketing Claims.

There are unscrupulous brokers that will attempt to attract your interest with marketing claims that seem too good to be true. In most cases, be suspicious of claims of high returns, super tight spreads, and professional support that will help you make a fortune in forex trading. Competition is high, and many brokers will say anything to get your initial deposit. Be wary and skeptical. You are your first line of defense when it comes to preventing fraud.

Avoid Brokers That Requote.

Requoting is the situation where your trading platform shows a certain price, and then when the trader goes to deal on it, the platform makes them wait, and then shows them another often worse price.

Excessive slippage on stops.

Slippage occurs when an order, usually a stop loss, is not executed by a forex broker at the rate at which it was placed. Instead, the order is filled at a rate that is usually worse than originally intended by the trader.

Front running orders.

Front running means that the broker may be holding an order for an especially large commercial transaction and might trade it ahead of or “front run” the order to make money at the client’s expense.

Step 4: Other considerations.

You will want to read the prospective broker’s official website and any documents thoroughly to get clear on both their terms and operational rules of the road.

We also suggest you give their customer support a test call. You will want to assess the helpfulness and market expertise of the customer service department when assisting you in getting started trading or in case a problem arises. Brokers that fail to answer questions or that put you on hold when you try to call in are best avoided.

Withdrawals and Deposits.

Make sure that the forex broker’s withdrawal and deposit policies agree with you. Some brokers charge exorbitant fees for bank or wire transfers, while some will even take PayPal.

Also, some brokers can make you wait an agonizingly long time to withdraw your funds. Make sure you have this information before you give them your money.

Make use of bonuses.

Make sure to check out the prospective broker’s bonus offering. Often they will provide you with some kind of extra bonus with your first deposit. Some of them also offer other types of bonuses for you as a loyal customer. Make sure to understand the terms and conditions connected to the bonus.

What type of account to use?

There are demo trading accounts and live trading accounts. We always recommend that you start trading with a demo trading account to check out the trading platform. But you need to understand that there are differences between demo and live trading.

When you are ready to open a live account we recommend that you start trading with a micro account first.

Step 5: Checklist of features.

The following list presents many of the more desirable features and services offered by forex brokers. We have already covered many of these in the above discussion, but not all. This list will help you prioritize your personal needs.

Competitive dealing spreads Fast and reliable executions Mobile phone trading support Automated trading support Dependable order execution on stop loss orders Minimal slippage on stops Easy deposits and withdrawals Sign up bonuses and promotions Trading in a wide array of currency pairs Trading in other markets such as gold, silver and crude oil Low initial deposits Instructional material for novice traders Personalized trading strategy and market advice Economic calendars Reuters or AP/Dow Jones financial newswires Forex expert market commentary Calculators and trading tools Technical analysis tools Charting software Size of dealing lots High leverage accounts Competitive rollover fees.

Most of these services can be obtained through a variety of online retail forex brokers, so it is up to you to determine what services you consider important for your personal trading needs. Your goal is to select the broker that best suits your personal trading needs.

Concluding Remarks.

As you might expect, the larger the forex broker, generally the more services the broker can make available to their clients, the tighter their dealing spreads, the more reliable their trading platform and the faster their transaction executions are likely to be. Thus, in general we recommend that you choose one of the larger brokers.

Any qualified forex broker will provide you with a reliable trading platform, 24-hour customer support during forex trading hours, charting and technical analysis tools, access to quality forex news and commentary, competent order execution, competitive dealing spreads and a wide choice of currency pairs to trade. Brokers offering any less than this basic package should not be considered in the selection of a forex broker, since today’s market offers a broad blend of online retail forex brokers for your consideration.

Performing adequate due diligence on the front end on your prospective forex broker, before making your first trade, can literally save you thousands of dollars and prevent nightmares from ever happening down the road. Finding the right broker for you and your trading needs is your top priority. Invest the time that this task requires, and you will never regret it.

Why use compare forex brokers before trading in Australia?

Compare Forex Brokers is Australia’s leading forex broker comparison site. We help Australian forex traders find the best forex brokers based on spreads, leverage, reviews and more.

Within this website you will find the best forex trading Australia comparison tables. These include our best forex trading platform comparison, high leverage best forex brokers and a comparison of Australian forex brokers. The site doesn’t sell or push any currency trading account, rather the key facts are provided to help you make an informed decision. Any online forex trading recommendation is backed up with the facts to maximise transparency.

Forex Brokers Comparison Methodology Explained.

Compare Forex Brokers was created by real Australian’s who have worked with the forex industry for several years. Our experienced individuals collected information based on different Australian regulated ecn broker and their platforms such as MetaTrader websites. No scraping or automation is used on compare forex brokers to ensure the highest top forex broker Australia comparisons are made. Feel free to let us know of your thoughts about the forex market or our comparison tables!

Along with our top forex broker Australia comparison tables, you can also get information on trading forex markets, CFDs, Australia forex courses and currency trading strategies. These articles and the blog are ideal for those looking to get started or enhance their currency trading skills.

So whether you’re a beginner looking to trade currencies for the first time or an experienced forex trader, you have come to the right place!