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Currency Trading For Beginners: Top Ten Forex Brokers

Top Ten Forex Brokers Record

The highest ten foreign exchange brokers listing is made up of all related data from the site for every dealer listed. Typical unfold values are evidenced versus negligible unfold as it is a extra correct illustration of what the standard dealer should pay. All unfold values are variable and based mostly on current commerce exercise for every dealer. Typical unfold has differing values relying on which forex pair or medium of exchange product is being listed so numbers given are based mostly on main forex pairs or “big league” if not specific in any other case. The big league are EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, and USD/CAD. It is very important word when taking a look at most leverage quantities that USA entirely permits as a lot like 50:1 leverage and Japan as a lot like 25:1 leverage.

  1. Forex.com
    • Workplace Places: United States, United Kingdom, Australia, Hong Kong, Japan, and South Korea
    • Unfold: 1.2 – 2 pips on big league, 35 on gold(XAU/USD) and three.6 on silver(XAG/USD)
    • Fee: No
    • Minimal Deposit Required: Resident of USA $500, CA $1000, AU $300, UK £250
    • Minimal Commerce: 1,000 models(micro lot), 1 unit(oz) of gold, 50 models(oz) of silver
    • Most Leverage: 50:1 on main forex pairs, 20:1 on minor pairs, and 1:1 on metals
    • Variety of Pairs Traded: 49 forex pairs with gold and silver
    • Trading Platform: MT4, ForexDealer Professional (50 pairs with gold and silver, Minimal commerce 10,000 models(mini lot))
    • Cell Trading Platform: ForexDealer Professional Cell
    • 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.
  2. Alpari UK
    • HQ Location: United Kingdom
    • Unfold: 1.6 – 3.7 pips on big league (Forex buying and marketing 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 Commerce: 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 forex 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 (negligible unfold is 0.8 – 1.6 pips on main forex pairs, most leverage is 50:1 on gold and silver)
    • Cell Trading Platform: MT4 and MT5 for iOS and Android
    • Regulated By: F.C.A.
  3. Oanda
    • HQ Location: New York, USA
    • Unfold: 1.3 – 2.4 pips on big league
    • Fee: No
    • Minimal Deposit: No negligible deposit
    • Minimal Commerce: 1,000 models(micro lot)
    • Most Leverage: 50:1
    • Variety of Pairs Traded: 62 pairs with gold and silver
    • Trading Platform: MT4, fxTrade
    • Cell Platform: Forex 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.
  4. FXCM
    • HQ Location: New York, USA
    • Unfold: 1.4 – 1.7 pips on big league
    • Fee: Sure. Fee charged to accounts that qualify to commerce with the bottom spreads out there on FXCM
    • Minimal Deposit: £50 – may fund account with Euro, USD, CAD, NZD, AUD, or Yen
    • Minimal Commerce: 1,000 models(micro lot)
    • Most Leverage: 200:1
    • Variety of Pairs Traded: 56 forex pairs
    • Trading Platform: MT4, Trading Station
    • Cell Trading Platform: Trading Station Cell
    • Regulated By: C.F.T.C., N.F.A., F.S.A., A.S.I.C. and S.F.C.
  5. IronFX
    • HQ Location: United Kingdom
    • Unfold: 0.9 – 1.5 pips on big league, $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 Commerce: 1,000 models(micro lot) on forex pairs, 50 models(oz) on silver, 1 unit(oz) on gold
    • Most Leverage: 500:1 on forex pairs, 100:1 on gold and silver
    • Variety of Pairs Traded: 68 forex pairs with gold and silver
    • Trading Platform: MT4, MT5, WebTrader, Private Multi-Account Supervisor, MultiTerminal
    • Cell Trading Platform: BlackBerry Dealer, MT4(iPhone, iPad, Android), MT5(iPhone, iPad, Android), MT4 Cell Dealer, MT4 Smartphone Dealer
    • 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.
  6. FXPro
    • HQ Location: United Kingdom
    • Unfold: 1.5 – 2.7 pips on big league, $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 Commerce: 10,000 models(mini lot) or 1,000 models(micro lot) with use of the Knowledgeable 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
    • Cell Trading Platform: MT4 Cell, cTrader Cell Net
    • Regulated By: F.C.A. and Cy.S.E.C.
  7. IBFX
    • HQ Location: United States
    • Unfold: 1.88 – 2.69 pips on big league
    • Fee: No
    • Minimal Deposit: No negligible deposit
    • Minimal Commerce: 100 models(nano lot) with MT4 Mini, 1,000 models(micro lot) with MT4 Customary
    • Most leverage: 50:1
    • Variety of Pairs Traded: 24 forex pairs
    • Trading Platform: MT4 Mini and Customary, Tradestation
    • Cell Trading Platform: Metaquotes MT4
    • Regulated By: C.F.T.C. and N.F.A.
  8. AVA Commerce
    • HQ Location: Eire
    • Unfold: 1.6 – 3.1 pips on big league with FX floating account out there with MT4, $0.47 per oz on gold, $0.04 per oz on silver, $0.04 per barrel on oil
    • Fee: No
    • Minimal Deposit: $100 US / €100 / £100 / $100 Au / ¥100,000
    • Minimal Commerce: 1,000 models(micro lot) on forex pairs, 1 unit(oz) of gold, 100 models(oz) of silver, 10 models(barrel) of oil
    • Most Leverage: 400:1 on forex pairs, 200:1 on gold, 50:1 on silver, 100:1 on oil
    • Variety of Pairs Traded: 49 forex pairs with gold, silver and oil
    • Trading Platform: MT4, AVA Dealer (FX fastened account for spreads of three – 4 pips on main forex pairs, 200:1 most leverage), AVA Choices, Net Trading
    • Cell Trading Platform: MT4 Cell, AVA Cell
    • Regulated By: F.S.A., A.S.I.C., Central Financial institution of Eire, and British Virgin Islands Monetary Providers Fee
  9. Swissquote / ac-markets.com
    • HQ Location: Switzerland
    • Unfold: Minimal 2.5 – 4 pips on big league. Typical unfold values not discovered
    • Fee: No
    • Minimal Deposit: $1,000 US
    • Minimal Commerce: 1,000 models(micro lot) on forex 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 forex pairs with gold, silver and oil
    • Trading Platform: MT4, Net Dealer 2, Superior Dealer
    • Cell Trading Platform: Cell Dealer
    • Regulated By: F.I.N.M.A.
  10. Markets.com
    • HQ Location: Cyprus
    • Unfold: 3 – 4 pips on big league
    • Fee: No
    • Minimal Deposit: $100/ €100/ £100 with Traditional account, $2500/ €2500/ £2500 with Customary account
    • Minimal Commerce: 1,000 models(micro lot)
    • Most Leverage: 200:1
    • Variety of Pairs Traded: 51 forex pairs
    • Trading Platform: MT4
    • Cell Trading Platform: Market Cell Dealer
    • 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

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    Currency Trading For Beginners: Top Ten Forex Brokers

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