Currency Trading for Beginners: Top Ten Forex Brokers

Top Ten Forex Brokers List

The prime ten foreign exchange brokers record is made up of all related info from the web site for every dealer listed. Typical unfold values ??are proven versus minimal unfold as it is a extra correct illustration of what the everyday dealer must pay. All unfold values ??are variable and based mostly on latest commerce exercise for every dealer. Typical unfold has various values ??relying on which forex pair or monetary product is being traded so numbers given are based mostly on main forex pairs or "majors" if not specified in any other case. The majors are EUR / USD, USD / JPY, GBP / USD, AUD / USD, USD / CHF, and USD / CAD. It is necessary to notice when taking a look at most leverage quantities that USA solely permits as much as 50: 1 leverage and Japan as much as 25: 1 leverage.

1. Forex.com

   1. Office Locations : United States, United Kingdom, Australia, Hong Kong, Japan, and South Korea

   2. Spread : 1.2 – 2 pips on majors, 35 on gold (XAU / USD) and three.6 on silver (XAG / USD)

   3. Commission : No

   4. Minimum Deposit Required : Resident of USA $ 500, CA $ 1000, AU $ 300, UK £ 250

   5. Minimum Trade : 1,000 items (micro lot), 1 unit (oz) of gold, 50 items (oz) of silver

   6. Maximum Leverage : 50: 1 on main forex pairs, 20: 1 on minor pairs, and 1: 1 on metals

   7. Number of Pairs Traded : 49 forex pairs with gold and silver

   8. Trading Platform : MT4, ForexTrader Pro (50 pairs with gold and silver, Minimum commerce 10,000 items (mini lot))

   9. Mobile Trading Platform : ForexTrader Pro Mobile

   10. Regulated By : CFTC, NFA, USSEC, IIROC, FSA, SFC, FCA, and ASIC

2. Alpari UK

   1. HQ Location : United Kingdom

   2. Spread : 1.6 – 3.7 pips on majors (Forex buying and selling in India is +0.2 pips, US +0.4, Middle East +0.5, and China +1.0), $ 0.40 US on gold and $ 0.04 US on silver

   3. Commission : No

   4. Minimum Deposit : $ 200 US for Micro MT4 or $ 500 US for Classic MT4

   5. Minimum Trade : 1,000 items (micro lot), 1 unit (oz) of gold and 50 items (oz) of silver with MT4 Micro. 10,000 items (mini lot), 10 items (oz) of gold and 500 items (oz) of silver with MT4 Classic

   6. Maximum Leverage : 500: 1 on forex pairs, 200: 1 on gold and silver

   7. Number of Pairs Traded : 37 pairs with gold and silver

   8. Trading Platform : MT4 Micro and Classic (Micro has a restrict of two normal lot open positions), MT5 (minimal unfold is 0.8 – 1.6 pips on main forex pairs, most leverage is 50: 1 on gold and silver)

   9. Mobile Trading Platform : MT4 and MT5 for iOS and Android

   10. Regulated By : FCA

3. Oanda

   1. HQ Location : New York, USA

   2. Spread : 1.3 – 2.Four pips on majors

   3. Commission : No

   4. Minimum Deposit : No minimal deposit

   5. Minimum Trade : 1,000 items (micro lot)

   6. Maximum Leverage : 50: 1

   7. Number of Pairs Traded : 62 pairs with gold and silver

   8. Trading Platform : MT4, fxTrade

   9. Mobile Platform : Forex Trading for iPhone, iPad, and Android

   10. Regulated By : CFTC, NFA, Monetary Authority of Singapore, IIROC, FCA, and FSA

4. FXCM

   1. HQ Location : New York, USA

   2. Spread : 1.4 – 1.7 pips on majors

   3. Commission : Yes. Commission charged to accounts that qualify to commerce with the bottom spreads obtainable on FXCM

   4. Minimum Deposit : £ 50 – can even fund account with Euro, USD, CAD, NZD, AUD, or Yen

   5. Minimum Trade : 1,000 items (micro lot)

   6. Maximum Leverage : 200: 1

   7. Number of Pairs Traded : 56 forex pairs

   8. Trading Platform : MT4, Trading Station

   9. Mobile Trading Platform : Trading Station Mobile

   10. Regulated By : CFTC, NFA, FSA, ASIC and SFC

5. IronFX

   1. HQ Location : United Kingdom

   2. Spread : 0.9 – 1.5 pips on majors, $ 0.50 US on gold, $ 0.04 US on silver

   3. Commission : No

   4. Minimum Deposit : $ 500 US or equal worth in EUR, GBP, AUD, JPY, CHF, PLN or HUF

   5. Minimum Trade : 1,000 items (micro lot) on forex pairs, 50 items (oz) on silver, 1 unit (oz) on gold

   6. Maximum Leverage : 500: 1 on forex pairs, 100: 1 on gold and silver

   7. Number of Pairs Traded : 68 forex pairs with gold and silver

   8. Trading Platform : MT4, MT5, WebTrader, Personal Multi-Account Manager, MultiTerminal

   9. MobileTrader Platform : BlackBerry Trader, MT4 (iPhone, iPad, Android), MT5 (iPhone, iPad, Android), MT4 Mobile Trader, MT4 Smartphone Trader

   10. Regulated By : FCA, ASIC, FSP, CRFIN, Cy.SEC, and MiFID

6. FXPro

   1. HQ Location : United Kingdom

   2. Spread : 1.5 – 2.7 pips on majors, $ 0.50 per ounce on gold and $ .04 per ounce on silver, € 0.80 per ounce on EUR / Gold and € 0.06 per ounce on EUR / Silver

   3. Commission : No

   4. Minimum Deposit : $ 500 US or equal in EUR, GBP, CHF, or JPY (credit score / debit deposits topic to 1.6% processing price)

   5. Minimum Trade : 10,000 items (mini lot) or 1,000 items (micro lot) with use of the Expert Advisors, 10 items (oz) of gold, 500 items (oz) of silver

   6. Maximum Leverage : 500: 1

   7. Number of Pairs Traded : 72 pairs with gold and silver

   8. Trading Platform : MT4, cTrader

   9. Mobile Trading Platform : MT4 Mobile, cTrader Mobile Web

   10. Regulated By : FCA and Cy.SEC

7. IBFX

   1. HQ Location : United States

   2. Spread : 1.88 – 2.69 pips on majors

   3. Commission : No

   4. Minimum Deposit : No minimal deposit

   5. Minimum Trade : 100 items (nano lot) with MT4 Mini, 1,000 items (micro lot) with MT4 Standard

   6. Maximum leverage : 50: 1

   7. Number of Pairs Traded : 24 forex pairs

   8. Trading Platform : MT4 Mini and Standard, Tradestation

   9. Mobile Trading Platform : Metaquotes MT4

   10. Regulated By : CFTC and NFA

8. AVA Trade

   1. HQ Location : Ireland

   2. Spread : 1.6 – 3.1 pips on majors with FX floating account obtainable with MT4, $ 0.47 per ounceson gold, $ 0.04 per ounceson silver, $ 0.04 per barrel on oil

   3. Commission : No

   4. Minimum Deposit : $ 100 US / € 100 / £ 100 / $ 100 Au / ¥ 100,000

   5. Minimum Trade : 1,000 items (micro lot) on forex pairs, 1 unit (oz) of gold, 100 items (oz) of silver, 10 items (barrel) of oil

   6. Maximum Leverage : 400: 1 on forex pairs, 200: 1 on gold, 50: 1 on silver, 100: 1 on oil

   7. Number of Pairs Traded : 49 forex pairs with gold, silver and oil

   8. Trading Platform : MT4, AVA Trader (FX fastened account for spreads of three – Four pips on main forex pairs, 200: 1 most leverage), AVA Options, Web Trading

   9. Mobile Trading Platform : MT4 Mobile, AVA Mobile

   10. Regulated By : FSA, ASIC, Central Bank of Ireland, and British Virgin Islands Financial Services Commission

9. Swissquote / ac-markets.com

   1. HQ Location : Switzerland

   2. Spread : Minimum 2.5 – Four pips on majors. Typical unfold values ??not discovered

   3. Commission : No

   4. Minimum Deposit : $ 1,000 US

   5. Minimum Trade : 1,000 items (micro lot) on forex pairs, 1 unit (oz) of gold, 1 unit (oz) of silver, 1 unit (barrel) of oil

   6. Maximum leverage : 100: 1

   7. Number of Pairs Traded : 71 forex pairs with gold, silver and oil

   8. Trading Platform : MT4, Web Trader 2, Advanced Trader

   9. Mobile Trading Platform : Mobile Trader

   10. Regulated By : FINMA

10. Markets.com

    1. HQ Location : Cyprus

    2. Spread : 3 – Four pips on majors

    3. Commission : No

    4. Minimum Deposit : $ 100 / € 100 / £ 100 with Classic account, $ 2500 / € 2500 / £ 2500 with Standard account

    5. Minimum Trade : 1,000 items (micro lot)

    6. Maximum Leverage : 200: 1

    7. Number of Pairs Traded : 51 forex pairs

    8. Trading Platform : MT4

    9. Mobile Trading Platform : Market Mobile Trader

    10. Regulated By : Cy.SEC, FCA, EU Regulators as follows: BFF (France), CONSOB (Italy), CNMV (Spain), AFM (Netherlands), BaFin (Germany) ), NBS (Slovakia), CNB (Czech Republic), and South African FSB

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