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

Min. Deposit

Yes

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

Over 250

Yes

0.9 for Pros

1.3 for Retail

£100

Work with Metatrader 

Assigned account manager?

Based?

Yes

Ireland

Yes

IC Markets

Regulated in UK?

Leverage?

Number of products to trade

Crypto?

Average EURUSD spread

Min. Deposit

No

500:1

64

Yes

0.1

USD $200

Work with Metatrader 

Assigned account manager?

Based?

Yes

Australia

Yes

BDSwiss

Regulated in UK or Europe?

Leverage?

Number of products to trade

Crypto?

Average EURUSD spread

Min. Deposit

UK- no

Europe- yes

400:1

Over 250

Yes

Account type dependent:

 

Basic 1.5

Raw 0.4

Black 1.1

USD $200

Work with metatrader?

Assigned account manager?

Based?

Yes

No

Yes

Vantage FX

Regulated in UK?

Leverage?

Number of products to trade

Crypto?

Average EURUSD spread

Min. Deposit

No, regulated by Australian regulator

500:1

120

Yes

Account type dependent:

 

Standard 1.4

Raw 0.1

Pro 0

USD $200

Work with Metatrader 

Assigned account manager?

Based?

Yes

Australia

Yes

Black Bull Markets

Regulated in UK?

Leverage?

Number of products to trade

Crypto?

Average EURUSD spread

Min. Deposit

No, regulated by New Zealand regulator

500:1

64 forex pairs

No

Account type dependent:

 

Standard 0.8

Prime 0.1

Institution 0

USD $200

Work with metatrader?

Assigned account manager?

Based?

Yes

New Zealand

Yes

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