Forex Brokers

Where to start.. there is so much choice on what forex broker to use and many pros and cons to each broker.  We cover the most popular broker among our members

If you are new to trading then there is no better place to start than with a Demo account and we strongly advise trading in demo mode before considering trading with a real money account. Below is a list of the most popular brokers among our members.  The key points to consider are regulation, trading spread which is the cost to trade- its the difference between a buying price and the selling price and lastly, if you are looking to maximise your trading leverage.  Brokers in Europe are now regulated in such a way that it caps their leverage they can offer to clients whilst brokers in Australia and New Zealand are not currently capped on leverage offerings.

Leverage is great for winning trades but remember it also increases your losses on losing trades.

AvaTrade

Regulated in UK?

Leverage?

Number of products to trade

Crypto?

Average EURUSD spread

0.9 for Pros

1.3 for Retail

Yes

Over 250

Up to 400:1 for Pros or 30:1 for Retail

Yes

Min. Deposit

Work with Metatrader 

Assigned account manager?

£100

Based?

Ireland

Yes

Yes

IC Markets

Regulated in UK?

Leverage?

Number of products to trade

Crypto?

Average EURUSD spread

0.1

Yes

64

500:1

No

Min. Deposit

Work with Metatrader 

Assigned account manager?

USD $200

Based?

Australia

Yes

Yes

BDSwiss

Regulated in UK or Europe?

Leverage?

Number of products to trade

Crypto?

Average EURUSD spread

Account type dependent:

 

Basic 1.5

Raw 0.4

Black 1.1

Yes

Over 250

400:1

UK- no

Europe- yes

Min. Deposit

Work with metatrader?

Assigned account manager?

USD $200

Based?

No

Yes

Yes

Vantage FX

Regulated in UK?

Leverage?

Number of products to trade

Crypto?

Average EURUSD spread

Account type dependent:

 

Standard 1.4

Raw 0.1

Pro 0

Yes

120

500:1

No, regulated by Australian regulator

Min. Deposit

Work with Metatrader 

Assigned account manager?

USD $200

Based?

Australia

Yes

Yes

Black Bull Markets

Regulated in UK?

Leverage?

Number of products to trade

Crypto?

Average EURUSD spread

Account type dependent:

 

Standard 0.8

Prime 0.1

Institution 0

No

64 forex pairs

500:1

No, regulated by New Zealand regulator

Min. Deposit

Work with metatrader?

Assigned account manager?

USD $200

Based?

New Zealand

Yes

Yes

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ForexTrdr. is the trading name of Tesal LTD incorporated in England & Wales under Company Number 11436825