Currency Trading for Newcomers: High Ten Foreign Exchange Brokers

Currency Trading for Newcomers: High Ten Foreign Exchange Brokers

High Ten Foreign Exchange Brokers Record

The highest ten FX brokers listing is made up of all related data from the web site for every broker listed. Typical unfold values are proven versus minimal unfold as it is an extra correct illustration of what the everyday Online Trader should pay. All unfold values are variable and primarily based on current trade exercise for every broker. Typical unfold has differing values relying on which currency pair or monetary product is being traded so numbers given are primarily based on main currency 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. You will need to be aware when most leverage quantities that the USA solely permits as much as 50:1 leverage and Japan as much as 25:1 leverage.

Forex.com

      • Workplace Areas: United States, United Kingdom, Australia, Hong Kong, Japan, and South Korea
      • Unfold: 1.2 – 2 pips on majors, 35 on gold(XAU/USD) and three.6 on silver(XAG/USD)
      • Fee: No
      • Minimal Deposit Required: Resident of the USA $500, CA $1000, AU $300, UK £250
      • Minimal Trade: 1,000 models(micro lot), 1 unit(oz) of gold, 50 models(oz) of silver
      • Most Leverage: 50:1 on main currency pairs, 20:1 on minor pairs, and 1:1 on metals
      • Variety of Pairs Traded: 49 currency pairs with gold and silver
      • Trading Platform: MT4, ForexTrader Professional (50 pairs with gold and silver, Minimal trade 10,000 models(mini lot))
      • Cellular Trading Platform: ForexTrader Professional Cellular
      • Regulated By: C.F.T.C., N.F.A., U.S.S.E.C., I.I.R.O.C., F.S.A., S.F.C., F.C.A., and A.S.I.C.

 

Alpari UK

      • HQ Location: United Kingdom
      • Unfold: 1.6 – 3.7 pips on majors (Foreign Exchange trading in India is +0.2 pips, US +0.4, Center East +0.5, and China +1.0), $0.40 US on gold and $0.04 US on silver
      • Fee: No
      • Minimal Deposit: $200 US for Micro MT4 or $500 US for Traditional MT4
      • Minimal Trade: 1,000 models(micro lot), 1 unit(oz) of gold and 50 models(oz) of silver with MT4 Micro. 10,000 models(mini lot), 10 models(oz) of gold and 500 models(oz) of silver with MT4 Traditional
      • Most Leverage: 500:1 on currency pairs, 200:1 on gold and silver
      • Variety of Pairs Traded: 37 pairs with gold and silver
      • Trading Platform: MT4 Micro and Traditional (Micro has a restrict of two normal lot open positions), MT5 (minimal unfold is 0.8 – 1.6 pips on main currency pairs, most leverage is 50:1 on gold and silver)
      • Cellular Trading Platform: MT4 and MT5 for iOS and Android
      • Regulated By: F.C.A.

Oanda

      • HQ Location: New York, USA
      • Unfold: 1.3 – 2.Four pips on majors
      • Fee: No
      • Minimal Deposit: No minimal deposit
      • Minimal Trade: 1,000 models(micro lot)
      • Most Leverage: 50:1
      • Variety of Pairs Traded: 62 pairs with gold and silver
      • Trading Platform: MT4, fxTrade
      • Cellular Platform: Foreign Exchange Trading for iPhone, iPad, and Android
      • Regulated By: C.F.T.C., N.F.A., Financial Authority of Singapore, I.I.R.O.C., F.C.A., and F.S.A.

FXCM

      • HQ Location: New York, USA
      • Unfold: 1.4 – 1.7 pips on majors
      • Fee: Sure. The fee charged to accounts that qualify to trade with the bottom spreads accessible on FXCM
      • Minimal Deposit: £50 – may fund the account with Euro, USD, CAD, NZD, AUD, or Yen
      • Minimal Trade: 1,000 models(micro lot)
      • Most Leverage: 200:1
      • Variety of Pairs Traded: 56 currency pairs
      • Trading Platform: MT4, Trading Station
      • Cellular Trading Platform: Trading Station Cellular
      • Regulated By: C.F.T.C., N.F.A., F.S.A., A.S.I.C., and S.F.C.

IronFX

      • HQ Location: United Kingdom
      • Unfold: 0.9 – 1.5 pips on majors, $0.50 US on gold, $0.04 US on silver
      • Fee: No
      • Minimal Deposit: $500 US or equal worth in EUR, GBP, AUD, JPY, CHF, PLN or HUF
      • Minimal Trade: 1,000 models(micro lot) on currency pairs, 50 models(oz) on silver, 1 unit(oz) on gold
      • Most Leverage: 500:1 on currency pairs, 100:1 on gold and silver
      • Variety of Pairs Traded: 68 currency pairs with gold and silver
      • Trading Platform: MT4, MT5, WebTrader, Private Multi-Account Supervisor, MultiTerminal
      • Cellular Trading Platform: BlackBerry Trader, MT4(iPhone, iPad, Android), MT5(iPhone, iPad, Android), MT4 Cellular Trader, MT4 Smartphone Trader
      • Regulated By: F.C.A., A.S.I.C., F.S.P., C.R.F.I.N., Cy.S.E.C., and M.i.F.I.D.

FXPro

      • HQ Location: United Kingdom
      • Unfold: 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
      • Fee: No
      • Minimal Deposit: $500 US or equal in EUR, GBP, CHF, or JPY(credit score/debit deposits topic to 1.6% processing price)
      • Minimal Trade: 10,000 models(mini lot) or 1,000 models(micro lot) with use of the Expert Advisors, 10 models(oz) of gold, 500 models(oz) of silver
      • Most Leverage: 500:1
      • Variety of Pairs Traded: 72 pairs with gold and silver
      • Trading Platform: MT4, cTrader
      • Cellular Trading Platform: MT4 Cellular, cTrader Cellular Internet
      • Regulated By: F.C.A. and Cy.S.E.C.

IBFX

      • HQ Location: United States
      • Unfold: 1.88 – 2.69 pips on majors
      • Fee: No
      • Minimal Deposit: No minimal deposit
      • Minimal Trade: 100 models(nano lot) with MT4 Mini, 1,000 models(micro lot) with MT4 Commonplace
      • Most leverage: 50:1
      • Variety of Pairs Traded: 24 currency pairs
      • Trading Platform: MT4 Mini and Commonplace, Tradestation
      • Cellular Trading Platform: Metaquotes MT4
      • Regulated By: C.F.T.C. and N.F.A.

AVA Trade

      • HQ Location: Eire
      • Unfold: 1.6 – 3.1 pips on majors with Foreign Exchange floating account accessible with MT4, $0.47 per ounces gold, $0.04 per ounces silver, $0.04 per barrel on oil
      • Fee: No
      • Minimal Deposit: $100 US / €100 / £100 / $100 Au / ¥100,000
      • Minimal Trade: 1,000 models(micro lot) on currency pairs, 1 unit(oz) of gold, 100 models(oz) of silver, 10 models(barrel) of oil
      • Most Leverage: 400:1 on currency pairs, 200:1 on gold, 50:1 on silver, 100:1 on oil
      • Variety of Pairs Traded: 49 currency pairs with gold, silver and oil
      • Trading Platform: MT4, AVA Trader (Foreign Exchange fastened account for spreads of three – Four pips on main currency pairs, 200:1 most leverage), AVA Options, Internet Trading
      • Cellular Trading Platform: MT4 Cellular, AVA Cellular
      • Regulated By: F.S.A., A.S.I.C., Central Financial institution of Eire, and British Virgin Islands Monetary Providers Fee

Swissquote / ac-markets.com

      • HQ Location: Switzerland
      • Unfold Minimal 2.5 – Four pips on majors. Typical unfold values not discovered
      • Fee: No
      • Minimal Deposit: $1,000 US
      • Minimal Trade: 1,000 models(micro lot) on currency pairs, 1 unit(oz) of gold, 1 unit(oz) of silver, 1 unit(barrel) of oil
      • Most leverage: 100:1
      • Variety of Pairs Traded: 71 currency pairs with gold, silver and oil
      • Trading Platform: MT4, Internet Trader 2, Superior Trader
      • Cellular Trading Platform: Cellular Trader
      • Regulated By: F.I.N.M.A.

Markets.com

      • HQ Location: Cyprus
      • Unfold: 3 – Four pips on majors
      • Fee: No
      • Minimal Deposit: $100/ €100/ £100 with Traditional account, $2500/ €2500/ £2500 with Commonplace account
      • Minimal Trade: 1,000 models(micro lot)
      • Most Leverage: 200:1
      • Variety of Pairs Traded: 51 currency pairs
      • Trading Platform: MT4
      • Cellular Trading Platform: Market Cellular Trader
      • Regulated By: Cy.S.E.C., F.C.A., EU Regulators as follows: B.d.F.(France), C.O.N.S.O.B.(Italy), C.N.M.V.(Spain), A.F.M.(Netherlands), BaFin(Germany), F.I.(Sweden), Danish FSA, P.S.Z.A.F.(Hungary), N.B.S.(Slovakia), C.N.B.(Czech Republic), and South African FSB

 

Tags:
Forex4Live.com, BUY NOW: $167 for a lifetime membership.