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Compare Brokers for Trading Forex

WEB FOREX -BROKERS COMPARISON

A Foreign Exchange broker is a financial firm that operates as the intermediary between world traders and the ‘Interbank’ liquidity providers. The Interbank market incorporates the global network of banks that exchange currencies with each other.

Compare Also: Trade Signals

FOREX BROKER

TRADING INFO

TRADING PLATFORMS

TRADING ACCOUNTS BROKER'S LINKS & REVIEW

□ HOTFOREX

Forex Execution: ECN/STP
 
Min. Spread: 1.2 - 1.8 Pip
Leverage: 1/500

Company's Foundation: 2007
Company's Regulation: CySEC, MiFID

US: No

■ 8 Trading Platforms (MT4, WebTrader)

■ iPhone, Windows and Android Trader

■ Auto-Trading Yes / Scalping Yes

■ Current Promotion: 30% Bonus, Free VPS
■ Minimum Deposit: $10

CurreneX Account: $500

 

DEPOSIT METHODS

Bank Wire | Credit Cards

Skrill | Neteller | Web Money

+More

 
 
  • 30% Welcome Bonus
  • Free VPS
  • PAMM Accounts
  • Multilingual Support
  • CFDs on Futures (MT4)
  • Free HotForex Rebate » HotForex Rebate
 
 
Lite Forex
 

 

□ XM

 

Forex Execution: STP
 
Min. Spread: 1.7 Pip
Leverage: 1/500

Company's Foundation: 2008
Company's Regulation: CySEC, MiFID

US: No

■ MT4 for Desktop PC and MAC, MT4 multi-Terminal

■ iPhone, Windows and Android Trader

■ Auto-Trading Yes / Scalping Yes

 

■ Current Promotion: 40% Welcome Bonus
■ Minimum Deposit: $10

 

DEPOSIT METHODS

Bank Wire | Credit Cards

Skrill | Neteller | WebMoney

CashU | +More

  • 40% Welcome Bonus
  • Wide Asset Index
  • Multilingual Support
  • CFDs on Futures (MT4)

 

» Review XM

□ IC MARKETS

 

Forex Execution: ECN
 
Min. Spread: 0.75 Pip
Leverage: 1/500

Company's Foundation: 2007
Company's Regulation: ASIC (AUSTRALIA)

US: No

■ MetaTrader-4 and MetaTrader-5

■ cTrader, cAlgo, Myfxbook Autotrade

■ FIX/API, PAMM platform

■ Auto-Trading Yes / Scalping Yes

 

■ Current Promotion: (N/A)
■ Minimum Deposit:

-$200 for Metatrader Accounts

-$1,000 for cTrader Accounts

 

DEPOSIT METHODS

Bank Wire | Credit Cards

Skrill | WebMoney | Neteller

  • Tight Spreads
  • FIX/API, PAMM platform

 

» Review IC Markets

□ DUKASCOPY GROUP

Forex Execution: ECN
 
Min. Spread: 0.2 Pips, plus trade commissions
Leverage: 1/100-1/300
 
Company's Foundation: 2011
Company's Regulation:
FINMA (Dukascopy Bank)
 
US: No

■ JForex, WebTrader, JavaTrader,

■ FIX API, iPhone, iPad Trader

■ Auto-Trading Yes / Scalping Yes

■ Current Promotion:

30% Rebate via Forex-Rebates.com

■ Minimum Deposit:

-$5,000 for Dukascopy Bank

-$100 for Dukascopy Europe

 

DEPOSIT METHODS

Bank Wire | Credit Cards

Bank Guarantees

 

30% Rebate for the 1st month of trading:

Info: » Dukascopy Bank Rebate

Rebate link is below:

 

» Review Dukascopy

□ FXCC

Forex Execution: ECN/STP
 
Min. Spread: 1.2 Pip
Leverage: 1/100
 
Company's Foundation: 2010
Company's Regulation:
CySEC, FCA UK, MiFID
 
US: No

■ MetaTrader-4, Sirix WebTrader,

■ ZuluTrade, Sirix Mobile Trader

■ Auto-Trading Yes / Scalping Policy Yes

 

■ Current Promotion: (N/A)
■ Minimum Deposit: $100

 

DEPOSIT METHODS

Bank Wire | Credit Cards

Skrill | WebMoney | Neteller

 

 

» Review FXCC

□ HYCM (HYMarkets)

Forex Execution: STP
 
Min. Spread: 1.8 Pip
Leverage: 1/200-1/300
 
Company's Foundation: 1999
Company's Regulation:
FCA UK
 
US: No

■ MetaTrader-4, HY WebTrader,

■ HY Pro Trader CurreneX

■ Auto-Trading Yes / Scalping NO

■ Current Promotion: 25% Welcome Bonus
■ Minimum Deposit: $50

 

DEPOSIT METHODS

Bank Wire | Credit Cards

Skrill | WebMoney | PayPal

 

» Review HYCM

□ ORBEX

Forex Execution: ECN
 
Min. Spread: 0.6 - 1.9 Pip
Leverage: 1/500

Company's Foundation: 2010
Company's Regulation: FCA UK, CySEC, MiFID

US: No

■ MT4 for Desktop PC and MAC, MT4 multi-Terminal

■ iPhone, Windows and Android Trader

■ Auto-Trading Yes / Scalping Yes for ECN accounts -FREE VPS--

■ Current Promotion: Free Trading Signals
■ Minimum Deposit: $500

 

DEPOSIT METHODS

Bank Wire | Credit Cards

Skrill | Neteller | WebMoney

CashU | +More

» Review Orbex

 
 

What is a Forex Broker?

A Foreign Exchange broker is a financial firm that operates as the intermediary between world traders and the ‘Interbank’ liquidity providers. The Interbank market incorporates the global network of banks that exchange currencies with each other. In general, called as the ECN network (Electronic Communication Network). A Forex broker offers to clients:

(i) A Trading Account

(ii) A Trading Platform

(ii) 24/5 Quotation of Major, Minor, and Exotic Forex Pairs

Three (3) Types of Forex Brokers Brokerage

  • Brokers offering direct access to the ECN network called ECN Forex Brokers
  • Brokers offering indirect access to the ECN network called STP Forex Brokers
  • All the others are offering quotes by ‘imitating’ the ECN market quotation and called Market Makers or Dealing Desks (DD)

The ECN/STP brokers make money exclusively from their clients trading volumes and they are preferable for trading Forex.

Forex Broker Regulation

Regulation is a top issue when trading online. Find here all the necessary information:

Forex Market Regulation

New Forex Trading Account

Opening a new Forex trading account is similar to opening any other financial account. It requires registration by providing:

(i) Proof of Identification (ID, Driver’s License, Passport)

(iii) Proof of Address (A bill in your name, posted in your address, 90 days old or newer)


 
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