Compare Forex Brokers Table

Once you decide to leap into forex trading, there are lots of things you need to learn and understand before you actually start trading live. Assuming that you have invested decent amount of time in educating yourself about forex basics, now is the right time to choose a proper forex broker. Here is the collection of forex broker reviews and trading services. You can compare brokers by main features and services provided:

Rank Broker Start Trading Bonus Min. Deposit Demo Software Download Web PaymentsREVIEWS
InstaForex trade up to $1,000 $1 yes MetaTrader 4yes no Webmoney, e-Gold, RuPay, Pay-pal, e-Bullion, Moneybookers, Yandex.dengi, Rubles Bank, WireTransferreview
AvaTrade trade 100% $100 yes AvaTrader, Mobileyes no Credit Card, Western Union, Pay Pal, Wire Transfer, Neteller, WebMoney, MoneyBookers, MoneyGramreview
eToro trade up to $1,000 $50 yes WebTrader, OpenBookyes no Credit Card, PayPal, Neteller / 1-Pay, MoneyBookers , WebMoney , GiroPay, Wire Transfer, Western Union, MoneyGram. review
FXCM trade - $25 yes FXCM Trading Station Desktop, FXCM Trading Station Mobile, FXCM Trading Station WebII, MetaTrader 4, Active Trader, Mirror Traderyes no Credit/Debit card, ACH, Bank Wire, Paper Checkreview
Alpari trade n/a $100 yes MetaTrader 4, MetaTrader 5, BinaryTrader, Alpari Direct, Alpari Direct Proyes yes Credit Card, Skrill, Neteller, OKPay, WebMoney,Fasapayreview
LiteForex trade 30% $1 yes MetaTrader 4yes no Webmoney, Liberty Reserve, AlerPay, Moneybookers, bank Wirereview
Plus500 *risk involved trade 30% $100 yes Plus500yes yes Credit cardreview
3TGBrokers trade - $100 yes MetaTrader4, WebTrader, Mobileyes yes Wire Transfer, Credit Cardreview
TraderXP trade 30% $200 no TraderXPno yes Credit Cards, WireTransferreview
Trader24 trade up to 20% $100 yes MetaTrader4, WebTrader, Mobileyes yes Wire Transfer, Credit/Debit Cardsreview
11.Easy-Forex trade up to $1,000 $25 yes Visual(web), TradeDesk, MetaTrader 4yes yes Credit card, PayPal, Wire Transferreview
12.ForexYard trade 100% upto $300 $100 yes MetaTrader4, Web, Mobile, ACTyes yes Credit Cards, Wire, Moneybookersreview
13.HY Markets trade - $50 yes MetaTrader4no yes Credit/Debit cards, PayPal, Moneybookers, WebMoney, Wire Transferreview
14.FBS trade $5 no deposit $5 yes MetaTrader 4, Mobileyes no Credit/debit cards, Wire Transfer, Skrill, FBS Deposit Card, Neteller, OK Pay, EGO Pay, CashU, RBKMoney, Perfect Money, DixiPay, Western Union, MoneyGram, Anelik, Contact, MedanGold, PmahPoin, BorneoExchanger, Jofi Changer, Multi Changer, KliksTukar, FasaPay, Universal exchangerreview
15.24Option trade - $200 no 24Optionyes no Visa, MasterCard, Electronic Payment,Wire Transferreview
16.Advanced Markets trade - $2,500 yes Advanced Trader, Prime, MetaTrader 4yes no Credit Cardsreview
17.YouTradeFX trade up to $2,000 $100 yes MetaTrader4, WebTrader, Mobileyes yes Credit Cards, Skrill, Neteller, Paypal and Wire Transferreview
18.LCG trade - $1 yes MetaTrader 4yes no Credit/Debit cards, Wire Transferreview
19.Markets.com trade 100% $100 yes MetaTrade 4, Web, Mobileyes yes Wire Transfer, Credit Cards, WebMoneyreview
20.Sensus Capital trade - $500 yes MetaTrade 4, Mobileyes yes Credit/Debit cards, Neteller, Skrill, UnionPay, Wire Transfereview

How to choose the right forex broker for you?

Choosing the right forex broker is a rollercoaster adventure for every new trader. To make the process less traumatic, it is necessary to check for the certain features which separate reputable broker from a trouble-maker.

Is Your Broker Worth Trading With?

 Regulation

In most cases, regulated broker is your best shot. Regulation authorities are NFA (National Futures Association), CFTA (Commodity Futures Trading Association), SAEC (Securities and Exchange Commission) and others. Regulated broker has no reason to hide it and therefore you will be able to find the regulated authority on the front page of the broker’s website. In case you cannot find it anywhere on the site – most likely the broker is not regulated.

 Lot Size

Flexible lot size gives a trader a chance to try out all of kind of strategies. Not all brokers are generous, but those who offer mini accounts along with standard accounts are a good pick.

Why mini accounts are useful? Mini accounts are great for beginners who switch from demo trading to the real thing. While you trade with the lowest chances of loosing lots of money, you have an opportunity to test your strategies on the real market. Later on you can always move on and upgrade to the standard account and trade larger sums

Leverage

With most brokers, you will be presented with several leverage options starting from 1:50 and up to 1:500. Keep in mind that very high leverage is not advisable, because despite the ability to earn big, there is also a higher risk of falling all the way down to nothing.Spread

A good broker shouldn’t offer spreads that swing higher than 5 pips on the majors. Stay away from the brokers that offer 10 pips and higher.

 Support

Customer support is crucial for every trader – whether for technical or trading issues. Not only the presence of support, but also the efficiency and the quality are important. Try contacting the broker via all the listed support options – online chat, phone, email etc.

 Trading Features

Forex broker should offer a professional trading platform along with technical analysis tools, real-time charts, data feeds and news. Also, let’s not forget the free demo account for practicing – brokers that do not offer a simulator is most likely a total scam.