Forex Trading has been growing immensely over the past few years, and still continues to do so. This means that the number of Forex Brokers offering online retail Forex Trading has also grown. However, not all of them offer the same level of service, or the same grade of Forex Trading software. In light of this we have tried all brokers (to date), and have compiled the following list of preferred brokers.
The Forex brokers listed below are those that we would recommend based on several factors; reliability, software usability and features/trading options, currency pairs on offer, pip spread, and deposit and withdrawal process.
Forex Broker – AVA FX
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AVA FX are a major player in the Forex world. They have their own Forex Software – AVA Trader, as well as support for Metatrader 4. Their platform is very user friendly, and like most reputable Forex brokers, they offer a demo account, which while perhaps not the best way to learn, it is the only way to see how you get on with their software without parting from any hard earned cash.
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Visit
www.avafx.com |
Forex Broker – Etoro
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Etoro are definitely market leaders particularly when it comes to new traders. They market their platform with the unique selling point that it is Forex Trading made simple, and they have done exactly that with well developed and straightforward trading software.
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Visit
www.etoro.com |
Forex Broker – Finexo
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Finexo offer 2 pips spread on the EUR/USD, and have no charges for most methods of deposit and withdrawal. For the beginner they do offer a mini account, as well as sign-up bonus ‘sweeteners’ for those opening a new account.
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Visit
www.finexo.com |
Forex Broker – Forex Webtrader
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Forex Webtrader’s platform is online, and for a web based application it is very robust, but they’ve been in the game for longer than most, so they know what works. They are also offering mobile trading ahead of most other brokers – but advice is, as usual – check out their demo.
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Visit
www.forewebtrader.com |
Forex Broker – Forexyard
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Forexyard have a reliable and full featured platform, but what sets them apart from the pack is the level of support offered to traders. And with low deposit, lot size, and margin requirements, you can place trades with a little as $5 which is a good way to get to know the ropes without breaking the bank.
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Visit
www.forexyard.com |
Forex Broker – HY Markets
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Trading with HY means that you get to use their award winning platform, and you also get to choose your leverage (a feature sadly missing from some brokers’ software). The downside is that the stop loss is automatically set to 100% of margin, although, if you are trading on one their smaller accounts, this shouldn’t be too much of a worry.
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Visit
www.hymarkets.com |
Forex Broker – Spreadco
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Spreadco are a behemoth of a broker, offering the full gamut of trading methods, including spread betting and Forex trading. Their online software is is fully comprehensive, the only downside is – watch out for the credit card transfer charges (not the best way to fund your account anyway!).
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Visit
www.hymarkets.com |
The above listed Forex brokers and their forex software have been tested by OnlineCurrencyTrading Staff, as we only feature brokers that we would use ourselves. We do our best to ensure that featured brokers are both reputable and reliable, but this task relies in part on feedback that we receive from users. Any comments from yourself regarding the featured brokers, or even suggestions for further inclusion on the list would be most appreciated. Please contact us.