Best Forex Broker in the United States

Best forex broker in the United States

Two best forex broker in the United States are Oanda forex broker and IG forex broker.  Below we’ve assembled some information that should help you make a decision on which forex broker is best for you if you live in the United States.  While there are many forex brokers in the US, we highly recommend these two.  Have a look.

Oanda – Best forex broker in the United States

Regulation

OANDA Corporation is a registered Retail Foreign Exchange Dealer (RFED) with the U.S. Commodity Futures Trading Commission (CFTC), and a Forex Dealer Member (FDM) of the National Futures Association (NFA # 0325821).

OANDA Europe Limited is authorized and regulated by the Financial Conduct Authority in the UK, No: 542574.

OANDA (Canada) Corporation ULC is regulated in Canada by the Investment Industry Regulatory Organization of Canada (IIROC).

Oanda broker it’s also regulated in Australia and Asia-Pacific.

Trading Products

Oanda offers the following financial market products to trade:

  • Forex
  • Indices
  • Metals
  • Commodities
  • Bonds

Account Types

Oanda broker offers 2 account types, the Standard and Premium account. Both accounts offer all forex and other financial market products to trade. You can use all platforms to trade and enjoy other features and benefits such as 24/5 support, analysis dashboard, joint account, and corporate account.

Dedicated relationship manager, unlimited free wire transfers, and priority service queues are available only in the Premium account. The minimum amount of balance is $20,000 for the Premium account. For the Standard account, there’s no minimum account balance required.

Account Verification

For security reasons, the Oanda broker requires account verification. You can use the following documents to verify your account.

ID:

  • Passport
  • Driver’s license  
  • ID card  
  • Permanent resident card  
  • Employment authorization card (the US only)  
  • Other Valid Government Issued ID (Hunter’s License or Armed Forces Card)

Address:

  • Bank or credit card statement  
  • Utility/gas/water bill  
  • Telecommunications bill  
  • Driver’s license  
  • Pay Stub  
  • Insurance bill, statement, or letter  
  • Tenancy/lease agreement for residence (entire document required)  
  • Bill, statement, or letter from tax regulator

Spreads

When it comes to spreads, Oanda doesn’t offer very low spreads. Pairs as EUR/USD have spreads from 1.6 pips Other pairs as exotic and cross-pairs have widened spreads.

Trading Fees

An inactivity fee of $10 per month will be charged if you don’t trade in a period of 12 months.

Oanda charges a commission fee of $5.00 per 100,000 lots traded.

Trading Platforms

Oanda offers 4 platforms to trade, Oanda Web, Oanda Desktop, Oanda Mobile, and MetaTrader 4 (download Oanda mt4 here). The platforms offer advanced charting functionality powered by TradingView. US traders will get access to indicators, professional trading tools that will offer you a customizable trading interface. 

With one-click, you can open and close positions or modify your current open positions. Besides the tools and indicators, you can keep up-to-date with news and the market calendar available on the platform. All trade requests will be instantly processed with no delay or manual intervention.

Advanced risk management systems offer protection from unexpected price swings during volatile markets. As we mentioned, you can use the platform on desktop, mobile (iPhone, Android, Ipad), or web browsers.

How bout Oanda fxtrade practice?

Oanda also offers an Oanda forex demo account that you can try out for free.  Click here.

Deposit & Withdrawal

Oanda allows deposits and withdrawals with the following payment methods: 

  • PayPal
  • Debit/Credit Card 
  • Bank Wire Transfer 
  • Electronic Bank Transfer

Oanda does not charge deposit fees to US traders. When it comes to withdrawals, Oanda charges withdrawal fees depending on the payment method that you will use.

Deposit requests through PayPal, Debit/Credit Card will be processed instantly. Deposits with Bank Transfer can take several business days to be processed.

The withdrawal process can take several business days too.

Customer Support

To get in touch with the support team, you can use the live chat, email, or phone. The support team its’ available 24 hours a day and 5 days a week.

For any questions about any services you may have, you can visit the FAQ page.

 

 

To learn more about forex trading tips you can sign up for our free online trading academy here. Get started by clicking the blue “take this course” button. Good luck!

IG Forex Broker – Advanced trading platforms

Regulation

IG is a registered RFED and IB with the Commodities Futures Trading Commission and a member of the National Futures Association (NFA ID 0509630).

IG Group is also regulated by the UK’s Financial Conduct Authority (FCA).

Trading Products

IG broker offers only currency trading with Forex products to trade. The list of forex market pairs includes major pairs, cross-pairs, and exotic pairs.

Account Verification

IG broker requires verification, so you’ll need to provide the following documents:

ID document:

  • ID card
  • Driver Licence
  • Passport

Address document:

  • Bank Statement
  • Pass Book
  • Utility Bill
  • Rates Notice
  • Credit Card

The verification process can take more than 1 business day to be reviewed.

Spreads

IG offers spreads that start from 0.8 pips. Here’s the table of spreads on major forex market pairs.

Currency Pair Min spread Avg spreads
EUR/USD 0.8 0.9
AUD/USD 1 1.2
EUR/GBP 1 1.7
GBP/USD 1 1.4

 

Trading Fees

Compared with other brokers, IG charges an inactivity fee if there’s no trading activity for 2 years or more. A fee of $12 will be charged each month.

Per each position with 100,000 standard lots, a fee of $10 will be charged. IG also charges a swap fee known as an overnight fee.

Trading Platforms

IG provides advanced trading platforms available on Windows, Mobile, and Tablets. The platform can be used for free and you can trade all forex pairs. You can manage your trades by closing, modifying, or opening new positions with a single click. The alerts feature allows you to not miss any trades by alerting you when the price changes. 

You can also set up buy and sell orders with automatic alerts. A wide range of indicators are included on the platforms and you can also add additional indicators. You can build your algorithms or import expert advisors to the MetaTrader 4 platform. All charges can be customized and adjusted according to your preferences. 

Besides the forex trading platform, the IG broker offers forex trading signals. The signals platform allows you to view all signals with charts attached to them. Each signal contains technical and fundamental analysis. The signals come from 2 third-party apps, Autochartist and PIA-First.

Deposit & Withdrawal

IG requires a minimum deposit of $250 and a maximum amount of $99,999 per day. You can use the following payment method to fund your account or withdraw funds from your account:

  • Credit Card (Visa and MasterCard)
  • Bank Wire Transfer
  • Automated clearing house (ACH)

Deposits with Debit/Credit Card are instantly processed. Bank Transfer can take more than 1 business day. Bank Wire withdrawals can take up to 24 hours to be processed. On weekends it can take more than 1 business day.

Customer Service

IG Broker offers support only through email, and phone. Currently, there’s no support offered through live chat. But, you can use Twitter to send questions to the IG support team.

The help center includes detailed information on IG services and products.

 

To learn more about forex trading tips you can sign up for our free online trading academy here. Get started by clicking the blue “take this course” button. Good luck!

Best European Forex Broker – Pepperstone mt4 – IC markets review

Best European forex broker

Pepperstone and IC Markets provide two of the best online brokers for non-US residents and are two of the best overseas forex broker.

Pepperstone – Best European Forex Broker

Founded in 2010, Pepperstone is the best forex broker in Europe. The broker it’s known for its great reputation and excellent customer service. Pepperstone is a multi-award broker in different services and products.

Regulation

Pepperstone Limited – is authorized by the Financial Conduct Authority (FCA) with registration number 684312.

Pepperstone Group Limited is authorized by the Australian Securities and Investments Commission (ASIC) under registration number ACN 147 055 703.

Pepperstone Markets Limited is authorized by the Securities Commission of The Bahamas (SCB) under license number SIA-F217.

Trading Instruments

More than 180 trading instruments are available to trade including:

  • Forex
  • Indices
  • Stocks
  • Commodities
  • Cryptocurrencies

Pepperstone Account Types

Pepperstone offers 2 account types to trade:

  • Standard
  • Razor

Standard account is suited mostly for new forex traders. This account type provides spreads from 1 pip. Standard offers an enjoyable experience with no commission.

Razor account has tightened spreads that start from 0 pips. Trading with this account type is ideal for experienced and scalp traders. For each round turn position, a commission fee of $7 will apply.

Account Verification

Verification is required before you can trade. Pepperstone requires 2 types of documents to verify your forex trading account. 

To verify your identity, you can provide the following documents:

  • Passport
  • Driving license
  • Government-issued photo ID

To verify your residential address, you can use the following documents:

  • Utility bill (phone, electricity, gas)
  • Bank or credit card statement
  • Government-issued tax document
  • Birth certificate
  • Citizen certificate

Account applications can take up to 24 hours to be reviewed. During the weekends, the process will take longer.

Spreads

We mentioned earlier that the Razor account provides very low spreads. Forex currency pairs such as EUR/USD, USD/JPY, GBP/USD, and other major pairs have minimum spreads from 0 pips. The average spreads on these pairs usually start from 0.16 pips.

Spreads on the Standard account start from 1 pip on forex pairs like EUR/USD, USD/JPY, etc. The average spreads for the Standard account start from 1.16 pips.

Trading Platforms

Pepperstone offers 3 forex trading platforms to trade, Pepperstone Metatrader 4, MetaTrader 5, and cTrader. The platforms are easy to use and analyze financial markets with different forex trading tools. Pepperstone mt4 supports up to 9-time frames, Pepperstone MetaTrader 5 supports up to 21-time frames. MetaTrader platforms support indicators that can be installed easily on the platforms.

cTrader online trading platform is an easy-to-use platform with advanced design and customization. The platform is suited for beginners and experienced forex traders. You can easily control your trades, or use different tools to use in your chart analysis. cTrader offers advanced risk management systems and other advanced features.

To set up a Pepperstone demo account click the “open a free demo account” below.

Deposit & Withdrawal

Pepperstone broker offers zero-fee deposits including deposits and withdrawals. You can use the following payment methods to deposit and withdraw funds:

  • Visa/Mastercard
  • POLi/BPay
  • Bank transfer
  • PayPal
  • Neteller/Skrill
  • Union Pay

Customer support

To get in touch with the customer support team, you can use the live chat, contact form, or phone. The support team through live chat is available 24/5. 

Besides the support team, the FAQ page it’s available to answer any questions you may have.

 

pepperstone demo account

 

To learn more about forex trading tips you can sign up for our free online trading academy here. Get started by clicking the blue “take this course” button. Good luck!

IC Markets Review – Lowest spreads

In our IC markets review, IC Markets offers the lowest spreads across other European forex brokers. The average spreads on major forex pairs start from 0.1 pip. The low latency offers an average 40ms execution speed for your orders. One of the best interactive brokers for non-US residents. 

Regulation

IC Markets (EU) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission with License Number 362/18, registration number 356877.

IC Markets (SC), is regulated by the Financial Services Authority of Seychelles with a Securities Dealer Licence Number: SD018.

Trading Instruments

IC markets provide a lot of options when it comes to financial products. The following products are available to trade with IC Markets broker:

  • Forex
  • Commodities
  • Indices
  • Stocks
  • Bonds
  • Cryptocurrencies
  • Futures

 

IC Markets Account Types

You can choose from 3 account types to trade, cTrader, Raw Spread, and the Standard account. All three account types require a minimum deposit of $200. Leverage is allowed up to 500:1.

The commission fee does not apply to the Standard account. Trading with the cTrader account will cost $3 per lot round turn. When you trade with the Raw Spread account, the commission fee will increase to $3.5 per lot round turn.

IC Markets Account Verification

Verification is required for all accounts, so you’ll need to verify your account. 

You can use the following documents to verify your identity:

  • Valid Passport
  • Valid Government ID
  • Driving Licence 
  • Valid National Identity Card

To verify your residence address, you can submit the following documents:

  • Utility Bill, Phone Bill, Internet Bill
  • Bank Statement
  • Birth Certificate

IC Markets Spreads

IC Markets it’s known as one of the brokers with the lowest spreads. Major forex pairs as EUR/USD, GBP/USD, USD/JPY, AUD/USD, and other major pairs have average spreads from 0.0 pips. IC Markets it’s known as one of the brokers with the lowest spreads. 

Major forex pairs as EUR/USD, GBP/USD, USD/JPY, AUD/USD, and other major pairs have average spreads from 0.0 pips. Raw Spread accounts it’s the best account for traders who want to trade with the lowest spreads. In the Standard account, spreads are more range as they have average spreads of 1.1 pips on major forex pairs.

Trading Platform

MetaTrader 4, 5, and cTrader are the only supported online trading platforms. cTrader is an advanced trading platform compared with the MetaTrader platform. All three platforms could be a good fit for beginners and experienced traders as they’re easy to use. 

IC markets mt4, MetaTrader 5, and cTrader are available to download on Windows, Mac, Apple Store, and Android. Besides the trading platforms that we mentioned, IC Market offers trading tools available for all platforms. Tools as Virtual Private Server, cTrader Algo, Extensions, Indicators, and more tools.

Deposit & Withdrawal

IC Market funding:  IC Market broker provides a wide range of deposit and withdrawal methods. The deposit process is instant with an electronic wallet, debit cards, and credit cards. Other methods such as Wire Transfer can take several days to be processed in your account.

The withdrawal process is more delayed as it can take hours or days. IC Market does not charge any deposit nor do they have withdrawal ic markets fees.

From the deposit and withdrawal methods, you can use:

  • PayPal
  • Visa/MasterCard
  • Neteller/Skrill
  • Wire Transfer
  • UnionPay
  • Broker to Broker
  • FasaPay, etc.

IC Markets Customer Support

The support team it’s available from Monday to Sunday 24 hours a day. IC Market also offers support through phone numbers and e-mail. The help center it’s there for you to answer any questions you may have related to IC Market services.

 

 

To learn more about forex trading tips you can sign up for our free online trading academy here. Get started by clicking the blue “take this course” button. Good luck!

Best Australian Forex Brokers – Australian Forex Brokers List

best Australian forex brokers

We’ve put together an Australian forex brokers list below.  If you are looking for a forex trading platforms comparison then these are two of the largest forex brokers in Australia. These are two of the best forex broker for Australians.

Pepperstone – One of the best Australian Forex Brokers

Regulation

Pepperstone broker is licensed and regulated by the Financial Conduct Authority (FCA) in the UK. The broker is also regulated by the Australian Securities and Investments Commission (ASIC) in Australia and the Dubai Financial Services Authority (DFSA) in the United Arab Emirates.

Trading Products

Pepperstone broker offers 5 products to trade with competitive spreads. From the financial products you can trade: 

  • Forex
  • Index
  • Stocks
  • Commodities
  • Crypto

Pepperstone Forex Review – Account Types

Razor account

The average spreads on the Razor account start between 0.0 pips to 0.3 pips. The commission fee does apply in all positions, with a fee of $7 charged per lot round turn. You can trade all the financial products on all trading platforms available. Razor account is ideal for scalpers and veteran traders.

Standard account

Similar to the Razor account, with the Standard account you will be able to trade all financial products. The commission does not apply, so you can trade with no fees charges for the positions. The average spreads start from 1.0 to 1.3 pips on major forex pairs.

Account Verification

Pepperstone requires verification for all registered clients to start trading with a live account. Two types of documents need to be submitted to get verified. 

You can submit one of the following documents to verify your identity:

  • Passport
  • Driver’s license
  • Government-issued photo ID

The full name and the date of birth need to be shown on the ID document.

As a secondary document, you can use the following documents to verify your address:

  • Utility bill (phone, electricity, gas)
  • Bank or credit card statement
  • Government-issued tax document
  • Birth certificate
  • Citizen certificate

The document must show the name, residential address, and not be older than 3 months.

Spreads

As we mentioned, spreads depend on the account type that you’re trading. Razor account offers very low spreads on major forex pairs starting. The average spreads on this account start from 0.16 pips. Average spreads on the Standard account start from 1.16 pips on major forex pairs.

Trading Platforms

Pepperstone offers the following forex trading platforms to use:

  • MetaTrader 4
  • MetaTrader 5
  • cTrader

MetaTrader 4 platform is known as one of the most used forex trading platforms it’s available for all account types. The platform offers a simple experience, that’s friendly to use for a beginner too. Pepperstone offers pre-installed technical indicators for MetaTrader 4. You can add other indicators and set up them in a couple of minutes. 

MetaTrader 5 is similar to the old version, but it does offer more features. The platform supports up to 21-time frames and up to 100 charts at one time. Pre-installed indicators can be installed easily on MetaTrader 5.

cTrader is a new trading platform built in recent years to offer a full trading experience. The platform provides a lot of features to explore and its excellent for both new and advanced traders. You can use indicators, add multiple take-profit orders, and other features.

Pepperstone Withdrawal And Deposit

The following payment methods allow you to deposit and withdraw funds with 0 fees:

  • Skrill/Neteller
  • PayPal 
  • European Local Bank Transfer 
  • Qiwi  
  • Visa/MasterCard 
  • Broker to Broker 
  • Bank Transfer

Customer Support

Frequently Asked Questions (FAQ) contains a lot of answers to any questions that you may have. If your question doesn’t find an answer through FAQ, you can contact the support team. Pepperstone offers customer support via Live Chat 24/5, Email, and Phone.

In our opinion, Pepperstone is one of the best online forex trading platform for Australians.

 

 

 

New to forex trading? To learn more about forex trading tips you can sign up for our free online trading academy here. Get started by clicking the blue “take this course” button.  Good luck!

 

AxiTrader Review –  ASIC Regulated Forex Brokers – Lowest Spreads

Regulation

AxiTrader is authorized and regulated by the Australian Securities & Investments Commission (ASIC), under AFSL number 318232. 

AxiCorp is authorized and regulated by the Financial Conduct Authority (FCA), under reference number 509746.

Trading Products

AxiTrader broker offers the following financial products to trade:

  • Forex
  • Indices
  • Commodities
  • Energies
  • Indices
  • Cryptocurrencies

Account Types

AxiTrader offers 2 account types to trade, Standard, and Pro account. AxiTrader offers 2 account types to trade, Standard, and Pro account. Both account types offer similar features and limits, but the difference is on spreads and commissions. 

Spreads on the Standard account start from 0.4 pips, but there’s no commission charged. A commission fee of $7 per round trip lot will be charged, but the spreads tighten as they start from 0.0 pips.

Account Verification

The approval process can take up to 24 hours or even more to get your account verified. AxiTrader broker requires 2 types of documents to become a verified client.

ID Document:

  • Passport
  • National Identity Card 
  • Driving Licence

Proof of Address

  • Bank statement
  • Utility bill (gas, heating, electricity, and internet) or tax invoice 

Spreads

As we mentioned in our Axitrader review, AxiTrader is one of the best forex brokers that offers the lowest spreads and commissions. Spreads on the Pro account start from 0.1 pips on currency trading pairs as EUR/USD, and AUD/USD. Standard account offers to widen spreads that start from 1 pip on pairs like EUR/USD and AUD/USD.

Trading Platforms

MetaTrader it’s the only trading platform available to trade.  The platform offers super-fast order execution with very low latency. You can trade over 150 financial products with spreads from 0.0 pips. MetaTrader 4 offers a fully customize interface with a wide range of charting options and analysis tools. 

You can access MetaTrader through mobile phones and desktops. AxiTrader offers the Myfxbook Autotrade system that allows you to follow the performance from other traders. Besides Myfxbook, other tools such as Axitrader MT4 signals, AxiOne, PsyQuation, etc.

Axitrader Withdrawal And Deposit

AxiTrader offers a zero-fee deposit to the payment methods that don’t exceed the amount of $50,000. To fund or withdraw funds from your account, you can use the following payment methods:

  • Debit and Credit Cards (Visa, Master, Maestro, JCB)
  • Neteller/Skrill
  • Global Collect (only for Australian clients)
  • BPAY (only for Australian Clients)
  • China Union Pay (only for Chinese residents)
  • Bank Transfer
  • Broker to Broker Transfer

Customer Support

AxiTrader’s customer service chat team it’s available 24 hours a day, from Monday to Friday. You can contact the support via email through the contact form or call the phone number that’s shown on the contact page.

The phone line it’s available in multiple countries such as Australia, China, Germany, Spain, UK, and other countries. Frequently Asked Questions (FAQ) it’s available too and can help you get any answers quickly.

 

 

New to forex trading? To learn more about forex trading tips you can sign up for our free online trading academy here. Get started by clicking the blue “take this course” button.

Forex Brokers For Canadian Residents – Top Canadian Forex Brokers

best forex broker in canada - avatrade

Is forex trading legal in Canada? Are you looking for forex brokers for Canadian residents?  We have you covered. The good news is, forex trading is perfectly legal in Canada. If you are looking for how to become a forex trader in Canada this list should get you started.  The IIROC (Investment Industry Regulatory Organization of Canada) oversees the forex industry on a national level, but local regulators also maintain control. Those that are Canadian residents can have a look at our top Canadian forex brokers below.

  1. AvaTrade best forex brokers in Canada
  2. Forex.com – Best trading platform

Forex Brokers For Canadian Residents

AvaTrade – Canadian Forex Broker

Regulation

AvaTrade EU Ltd incorporated in Ireland is regulated by the Central Bank of Ireland under reference number C53877. 

Ava Capital Markets Australia Pty Ltd is licensed in Australia by the Australian Securities and Investments Commission under license number 406684. 

AvaTrade Ltd – is authorized by the B.V.I Financial Services Commission.

Trading Instruments

AvaTrade broker provides access to the following trading instruments:

  • Forex
  • Bonds
  • Commodities
  • Stocks
  • Indices

Trading Fees

The swap rate known as the overnight fee will apply to each order that’s held overnight.

AvaTrade charges a fee of $50 if you do not trade in a period of 3 consecutive months. The inactivity fee will increase to $100 per month if you don’t trade for 12 consecutive months.

Account Verification

To start trading, first, you’ll need to provide an ID document and a proof of address document. 

ID Document:

  • Passport 
  • ID card
  • Driving license

Proof of Address:

  • Utility bill (electricity, water, gas, mobile or landline phone, local authority waste disposal, etc)

The proof of address document should not be older than 6 months.

Spreads

Spreads on EUR/USD and GBP/USD currency pairs start from 0.6 pips. Other pairs such as USD/JPY offer spreads from 0.7 pips. Spreads on USD/CAD pairs start from 1.5 pips.

Trading Platforms

MetaTrader 4, MetaTrader 5, AvaOptions, and Web Trading are the available platforms to trade. MetaTrader 4 and 5 offer a full experience with a flexible and fast platform. You can open up to 21-time frames on MetaTrader 5 and up to 9-time frames on MetaTrader 4. 

The platforms offer 37 graphical objects such as drawing tools that can help you to improve your analysis. AvaTrade broker allows hedging only on MetaTrader 4. The platforms offer a user-friendly experience, with multiple pending order types.

Besides MetaTrader platforms through applications, AvaTrade offers a simple forex trading platform to use. The Web Trading platform from MetaTrader it’s accessible only through web browsers.

Web Trading platform offers instant forex trading with one-click trading. Pending and stop orders are offered through a web trading platform, and you can also access charting options. A wide range of analytical tools and overlays can be used for your forex trading analysis.

Deposit & Withdrawal

AvaTrader offers deposits through Debit/Credit Cards and  Bank Wire Transfers. The deposit process with a Debit/Credit Card is instant, but for new Canadian traders, this process can take up to 1 business day due to security verification.

The Bank Wire Transfer process can take several business days. The withdrawal process can be requested only through the same method that you’ve used to deposit funds. 

For e.x if you deposit through Bank Wire Transfer, then, you can only use the Bank Wire Transfer to withdraw your funds. The withdrawal process with Debit/Credit Cards can take up to 5 business days. Withdrawals through Bank Transfer can take up to 7 business days.

Customer Support

The live chat support team it’s available to answer your inquiries from Monday to Thursday (7:00 AM – 10:45 PM). On Friday, the live chat it’s available from 7:00 AM to 10:30 PM.  You can also reach the support team through phone and email. The help center contains quick answers to any questions that you may have.

 

Forex.com – Best trading platforms

IIROC Regulated Forex Brokers

Forex.com is also regulated by The Investment Industry Regulatory Organization of Canada (IIROC regulated forex brokers)

Forex.com broker is regulated by The National Futures Association (NFA) Commodities Futures Trading Commission (CFTC) in the United States. 

The broker is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. 

The broker’s also regulated in Australia, Japan, Cayman Islands, Hong Kong, and Singapore.

Trading Instruments

Forex.com broker offers the following markets to trade for Canadian clients: 

  • Forex 
  • Energies 
  • Futures

Account Types

You can choose 3 account types to trade, the Standard, Commission, and STP Pro account. The standard account provides access to the trading platforms available. You can trade 82 forex currency pairs in total and you can enjoy features such as cash rebates, waived wire fees, forex market strategist, API trading, and earn interest.

The commission account offers almost the same features and limits as the Standard account does. But, there are limits on the trading platforms, so, you cannot use the MetaTrader 4 trading platform.

STP Pro account is suited mostly for experienced traders with a large balance. STP Pro does not allow trading through MetaTrader 4, and you can trade 60 forex currency pairs in total. But, with this account, you’ll have more features such as the STP model, direct forex market access, and other features.

Account Verification

Account verification is required, and you can use the following documents to complete the verification.

ID documents:

  • Valid, current passports (national or international)
  • Valid, current driver’s license
  • Valid, current national ID Card

Proof of Residence documents:

  • Utility bill
  • Bank, building society, credit or debit card statement
  • Council tax bill
  • Local government address registration certificates
  • Valid driving license

Spreads

Overall, Forex.com broker provides the lowest spreads among other forex brokers in Canada. Spreads for the Standard account on EUR/USD start from 1.0 pips. 

The Commission account offers lower spreads from 0.2 pips on EUR/USD. Spreads are very tight on the STP Pro account that starts from 0.1 pips.

Trading Fees

Commission applies only to the  Commission and STP Pro accounts. A commission fee of $5 will apply to the Commission account type for 100,000 lots trades. If you trade with the STP Pro account, a commission fee of $60 per 1.000.000 lots will be charged.

Forex.com will charge a fee of $15 (or 15 base currency equivalent) per month to accounts without trading activity for 12 months.

Trading Platforms

Forex.com offers advanced trading platforms and more alternatives to the trading platforms compared with other brokers. The list of available trading platform include:

  • Web Trading 
  • Mobile Trading 
  • Desktop Platform 
  • MetaTrader 4 
  • MetaTrader 5

All trading platforms can be great for both beginners and experienced traders in the forex world. The platforms offer customizable dashboards, powerful charting tools, multiple indicators, and advanced analytical tools.

Deposit & Withdrawal

The minimum amount to deposit and withdraw funds is $100 or currency equivalent. You can use the following payment methods to deposit or withdraw funds:

  • Bank Wire Transfer
  • Debit Card/Credit Card

Deposit methods with Visa will be processed instantly on your account. If you use the Bank Wire Transfer to deposit funds, the process can take up to 1-2 business days. 

Bank Wire transfer may take up to 2-5 business days. A $25 fee is charged within the US, $40 for international wires (including Canada).

Customer Support

Forex.com offers support for its Canadian forex traders through email, live chat, and phone. The live chat support team it’s available 24 hours a day from 10 AM Sunday to 5 PM Friday. You can visit the FAQ page to get more information about any service related to the Forex.com broker.

 

 

To learn more about forex trading tips you can sign up for our free online trading academy here. Get started by clicking the blue “take this course” button.  Good luck!

Can You Make Money Trading Forex – How To Make Money On Forex

Can You Make Money Day Trading

Can you make money trading forex? Yes you CAN!  Traders can make money in forex by opening buy and sell positions on the market. The forex market allows you to trade many currency pairs such as the dollar, euro, pound, yen, and other currencies. 

To be successful in trading, you need to be determined and focused on trading and this takes time. Forex involves real money and when you use real money it’s more stressful for you to trade. To improve your trading performance, use the risk management and other factors are very important in forex.

And, in this article, we will give some tips that can help you make money trading online forex.

Choose A Reputable Forex Broker

Using a reputable broker is very important for your trading experience. To find a reputable broker you’ll need to research the broker that you’re joining. And most importantly, you’ll need to use a regulated broker.

 Avoid brokers that are unregulated and have a low score of positive reviews. This can help you to determine that the broker is not reputable. To see if the broker is regulated, you can visit the about page on most of the brokers or at the bottom page.

(Need help choosing a forex broker?  Have a look at this forex trading platforms review article here.)

If you use a reputable broker, you don’t have to worry about scams or stop hunts. A reputable broker will offer you competitive spreads and commission. Forex brokers are regulated with licenses in different countries.

Most of the forex brokers hold a license from regulators as:

  • United States National Futures Association (NFA) 
  • Financial Conduct Authority (United Kingdom)
  • Cyprus Securities and Exchange Commission (CySEC)
  • Australian Securities and Investment Commission (ASIC) 
  • Swiss Financial Market Supervisory Authority (FINMA)

If you want to learn how to make money on forex join our free forex trading academy here.

Practice On A Demo Account

Before you sign up for a real money trading account it is important that you sign up for a free paper money trading account.  Before you can make money trading forex you need to learn how to “lose money” the right way, if you will Trading on a demo account is crucial for your journey as a trader. Demo trading helps you to prepare yourself before you jump on a live account with real money. You can easily create a demo account from your broker or create one from the trading platform that you’re using.

If you trade on a live account without enough time spent on a demo account it can have negative results for you as a trader. When you trade on a demo account for a long time, you’ll be more prepared as a trader. Demo trading will help you to find trading strategies, use risk management, learn how to react to losing trades, and more.

Use A Trading Plan

If you want to know how to make money trading forex with no previous experience then the best strategy is to have a trading plan.  You can’t just wing it and try to do day trading for a living and just wing it.  A forex trading plan can improve your trading performance. When you use a trading plan you’re organizing your trades and decisions. The trading plan allows you to create a list that you should not do in trading. Using a trading plan is very important especially when you trade on a live account. 

Trading on a live account will affect your emotions and can lead to unpredictable decisions. With a trading plan you’ll be able to control your decisions and not trade based on your emotions. Besides emotions, a trading plan can improve your discipline in general. In a situation when you’re facing bad trades, the trading plan will help you with the right decisions.

In general, the trading plan it’s recommended for all traders, especially for new traders. Most of the new traders don’t know how to react to different market situations and this can lead to mistakes. With a trading plan, you’ll be able to control your trading decisions by using the proper risk management, and not trade based on your emotions.

Equally important to having a trading plan is to journal your trades and if you want to be trading for a living you need to keep track of your trades.  You need to write down all of your trades that you make.  Get organized.  It’s how the professional traders do it.  We recommend logging your trades into a trade journal as you make them.  Make 20 trades, journal them then go back and review those trades.  You’ll learn a lot about your progress or lack-thereof and be able to analyze your trades.  Journaling your trades is one of the easiest things to do in trading but most new traders don’t take the time to do it.  If you are going to be successful at trading then learn to journal your trades and review them either at the end of the day or at the end of the week.  No need to review each trade until you have a good dataset of trades. Meaning that 20 trades is a good number of trades to be able to review and get a good feel for your progress. If you want to be day trading as a career this is one of the most important steps.

Learn From Your Mistakes

You can make a living trading forex but you need to get accustomed to also making mistakes and losing when you first start.  Mistakes happen to both new and experienced traders. But, the difference between the new and experienced traders is that the experienced traders learn from mistakes. New traders are not familiar with trading due to inexperience and this turns them into unpredictable decisions.

You should be able to learn from your mistakes and try not to avoid them in the future. Even the experienced traders do mistakes after many years spent on trading. But, they’re able to learn from the mistakes and not repeat them. That’s what makes forex traders much effective in trading.

If you’re a new trader, you should learn from mistakes by analyzing your past mistakes. To analyze your mistakes, you can use a trading journal or backtest. One of the most important factors in trading is to backtest. When you analyze your past mistakes you’ll understand the key mistakes that lead to the wrong decisions. 

Backtesting will improve your trading if you analyze the past market data. Besides backtesting, you’d check your past results from the trading journal. Keeping track of your trades by writing them in a trading journal can help you to analyze your trades easier and learn your mistakes.

Don’t Get Emotional During Trading

Emotions in trading are important as they are key factors to your decisions. In situations when you’re facing losing trades, the emotions can become overwhelming. This can lead to unpredictable decisions because of uncontrollable emotions, especially FOMO (fear of missing out). To avoid emotions in trading, you should stick to your rules in trading.  Getting into a trade and out of a trade at the right place will help you make money trading forex and make a living trading forex

Following your trading plan and journal will help you to avoid emotions in trading. Greed in trading is very common and it can lead to bad results. When you close trades on profits, the greed will become a factor in your decisions if you’re not sticking to your trading rules. Greed can also affect your risk management rules and push you to commit mistakes.

To avoid emotions and greed, you should use risk management. By using risk management on your account, you’ll be able to control how much to risk.  (To see our position size calculator click here.) Besides risk management, you should analyze your trade results by backtesting them.

If you are new to forex trading and you want to learn more about you can join our free trading academy where we have many forex trading tutorial.

Forex With Bonus – No Deposit Forex

No deposit forex accounts are a good way to earn money without depositing funds. Bonuses can help you to improve your forex trading experience besides that they allow you to make money without using real money. 

Many brokers offer no deposit forex bonus, and some do that to promote themselves, but for new traders, it’s a good way to test your trading strategies. 

In this article, we’ll list 3 popular forex brokers that offer no deposit forex bonuses and do not require any deposit to receive the bonus.

XM Broker – $30 Welcome Bonus

Forex With Bonus
Forex With Bonus

XM broker offers a $30 no deposit forex bonus welcome for all real accounts. No deposit bonuses are limited per one unique IP address. So, you cannot use no deposit bonus for more than 1 time. It can take up to 24 hours before the bonus is added to your account. The maximum amount that you can withdraw is $100.

How to join the bonus program?

To receive the free bonus in your account you must be a verified client. You’ll need to verify your phone number (SMS) and the voice verification procedure of the program. The shares account is not eligible to participate in the bonus program.

Procedure to receive the bonus:

  1. Go to https://www.xm.com/goto/real/en
  2. Proceed with the real account registration process. Complete all fields with your full name, email, date of birth, and other details.
  3. Claim your $30 Trading Bonus when you open your first XM real account.

How to withdraw the bonus?

  1. Complete 5 standard lots traded on your real account. 
  2. Your account’s balance should be above $130.00
  3. Then, you can request the withdrawal bonus to be approved.

The process can take several hours or more than 1 day to be processed.

Tickmill – $30 Welcome Bonus

No Deposit Forex
No Deposit Forex

Tickmill offers a forex no deposit bonus of $30 as a welcome for new clients. The bonus allows you to trade without having to make a deposit. Existing clients cannot participate in the $30 welcome bonus.

The bonus can be withdrawn once you complete all trading conditions of the bonus program. $30 welcome has restrictions on some countries, the following countries are not eligible for the bonus:

Algeria, Armenia, Australia, Azerbaijan, Belarus, Bulgaria, Columbia, Georgia, Hong Kong, Iceland, Israel, Kazakhstan, Lebanon, Liechtenstein, Macau, Moldova, Morocco, Norway, State of Palestine, Switzerland, Taiwan, Tunisia, Yemen, North Korea, Iran, USA, Indonesia, Venezuela, Vietnam, Lesotho, Pakistan, Bangladesh, Ghana, Egypt, Russia, San Marino, South Africa, Ukraine, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan, and Kenya.

How to join the bonus program?

  1. Go to https://www.tickmill.com/promotions/welcome-account#condition 
  2. Complete all the fields and confirm the signup process by hitting the “Submit” button.
  3. Provide the necessary identification documents required to validate the “Client Area” account.
  4. Once, all fields are completed, the bonus will automatically appear in your account.

How to withdraw the bonus?

  1. A minimum of $30 and a maximum of $100 profit can be transferred.
  2. You’ll have 60 days available to reach the trading conditions.
  3. You can transfer the profit from the Welcome Account to a live MT4 forex trading account (Classic, Pro, or VIP account type).

FBS – $100 Bonus – Best Forex Bonus

no deposit forex bonus
no deposit forex bonus

FBS broker offers the forex no deposit bonus $100 to trade for a period of 30 days. The bonus allows you to trade with a minimum lot of 0.01 standard lots. The maximum amount available for withdrawing from the bonus is $100. 

During a period of 30 days, you’ll need to reach this amount. Besides that, you’ll need to complete the trading volume with 5 standard lots traded during the 30 days period. The available leverage on the account is 1:100.

Positive pips difference (the total number of pips from profitable orders has to be bigger than the total number of pips from losing orders). The maximum number of positions opened at the same time is 5.

How to join the bonus program?

  1. Go to https://fbs.com/promo/trade-100usd
  2. Enter your full name, email, and accept the terms and conditions. Then, click on the “Get Bonus” button.
  3. An amount of $100 will be automatically credited to the new account that’s created.

How to receive the bonus?

  1. Complete 5 standard lots traded on your account.
  2. You’ll need to reach an amount of over $30 to receive the bonus.
  3. Once you request your bonus, the FBS team will review and get back to you in a few hours or days.

 

Best Forex Broker – Best Forex Trading Platform

Forex Trading Platforms

Depending on where you are in the world may have an effect on what company you choose as your brokerage.  We have assembled what the best forex trading platforms from all over the world and made an online forex brokers comparison.  Have a look!

  • Oanda – The best US Forex Brokers
  • Tradersway – US Forex Broker
  • Pepperstone – The best forex broker in Australia
  • IG – The best forex broker in the United Kingdom
  • Plus500 – The best trading platform
  • FxPro– The best cTrader forex broker
  • eToro – The best copy trading forex broker
  • AxiTrader – The best MetaTrader 4 forex broker

Oanda – Best forex broker in the United States

best forex broker in united states

Founded in 1995, Oanda is a USA forex broker and one of the oldest forex brokers. The broker offers competitive spreads that start from 0.6 pips on major currency pairs. Powerful trading tools are available and compatible with MetaTrader 4 trading platform.

Oanda is a regulated broker that’s licensed to offer its service in the United States, Canada, Europe, Australia, and Asia-Pacific.

Trading Products

Oanda offers the following financial products to trade on their platform:

  • Forex
  • Indices
  • Metals
  • Commodities
  • Bonds

Account Types

Standard and Premium accounts are the available account types to choose from Oanda broker. Both account types are similar, except for minimum account balance, priority service queues, and open order indicators.

Standard account requires no minimum account balance and is a great platform for forex trading for beginners. Premium account types require a minimum account balance of $20,000.

Spreads & Commissions

The commission fee per 1 standard lot is $3.50 or $7.00 per 2 standard lots. Besides the transaction costs, Oanda charges an inactivity fee. A fee of $10 per month if you do not trade for at least 24 months (12 months in the US).

Spreads start from 0.6 pips on EUR/USD. Cross-pairs and exotic pairs have a higher liquidity on the market, so the spreads can shift very quickly.

Oanda Minimum Deposit

There is no minimum deposit for Oanda. However you can only deposit up to 50% of your net worth.

Trading Platforms

Oanda broker offers 4 options of trading platforms that you can choose to trade. Trade web, Trade desktop, Trade mobile & tablet app, and MetaTrader4 are the available platforms.

The platforms are available on many devices and offer a full trading experience. With one-click currency trading, you can open and close trade, use analytics tools, protect your trades against unexpected price swings, and more.

Besides the trading platforms, Oanda offers a variety of trading tools. The list of trading tools include:

  • Tools overview
  • Advanced Charts
  • Forex open position ratios
  • Forex order book
  • MT4 open order indicator
  • Technical Analysis
  • Trading performance portal

 

TradersWay – Best forex broker in the United States

best forex trading platform united states

The best MetaTrader 5 forex broker

Tradersway broker offers the best experience for the MetaTrader 5 platform. You can choose 4 account types to trade on different trading platforms. Tradersway broker offers access to 4 trading instruments like forex, metals, energies and cryptocurrencies.

There’s no limitation on the minimum deposit amount and you can trade with tight spreads. The maximum leverage is allowed up to 1:1000 and you  can also enjoy bonuses and promotions.

MetaTrader 5 platform

Tradersway forex is one of the best online brokers when it comes to the MetaTrader 5 platform. The platform allows several tradersway account types for trading on multi instruments including forex, crypto, metals and energies. You can use the trading platform to analyze forex charts on a full experience. Many tools are available to draw support and resistance zones, use fibonacci tools and more.

From the time frames, Tradersway platform supports up to 21 time frames and a long list of indicators. Expert advisors (EAs) are allowed so you can set up robots to trade automatically for you. The platform supports all types of orders with a quick  expected speed. With a single click you can open buy or sell positions immediately. Tradersway platform supports up to 100 charts in the platform, so you can monitor multiple financial instruments.

Social Trading

As we mentioned, the platform supports multiple time frames including the seconds, minutes, hourly, daily, weekly, and monthly. MetaTrader 5 platform provides access to over 80 technical indicators and analytical objects.

Additional indicators can be added on the platform easily with not a single issue.

The economic calendar will inform you with the latest financial news on the platform itself. News reports from international news agencies and forecasts on currencies and stocks are available too.

Besides the features and many benefits that you get with Tradersway MetaTrader 5 platform, there are other tools and features available. Social trading is available too with a simple platform that allows you to copy trades from other traders.

The copy trading process is very simple, all you need to do is choose the signal provider and complete the process by subscribing to the trader. Once you do that, all the trades will automatically open on your trading account too.

Tradersway App:

Tradersway offers metatrader for iPhone and Android.  Using mobile terminals in daily activities offers a way to keep up with your accounts when you don’t have access to a desktop computer.

Tradersway Minimum Deposit

There is no minimum deposit to get started.   For ECN accounts the minimum deposit is only $10.

Bonus

Tradersway bonus offers a 100% deposit bonus when you deposit funds. The bonus will be automatically credited to your account once you choose the deposit bonus from the drop down list and accept the terms and conditions. 100% deposit bonus is limited to $5,000 per account and cannot be withdrawn.



Pepperstone forex review- Best broker in Australia

best forex broker australia

Next on our list of best forex brokers is Pepperstone fx. Pepperstone is one of the top forex brokers in Australia. The broker was founded in 2010 and it has more than 50,000 traders registered. Pepperstone is regulated by the Australian Securities and Investments Commission (ASIC) in Australia and Financial Conduct Authority (FCA) in the United Kingdom.

Trading Products

From the trading products, Pepperstone offers a variety of financial products to trade including:

  • Forex
  • Index CFDs
  • Stocks
  • Commodities
  • Cryptocurrencies

Account Types

Traders can choose from 2 account types to trade, Standard, and Razor. Both accounts offer almost similar features, the main difference is on the variable spreads and commissions. Standard account provides spreads that start from 1 pip, although the commission does not apply.

Spreads & Commissions

Razor account offers tight spreads that start as low as 0 pips, however the commission applies on trades. A commission fee of $3.50 per 1 lot will apply to all positions opened with the Razor account.

Trading Platforms

The most popular online trading platforms, Pepperstone MetaTrader4 and Pepperstone mt5 are available on both account types. Besides MetaTrader platforms, Pepperstone also offers a cTrader and web trading platform. MetaTrader 4 and 5 come with pre-installed indicators and many features.

cTrader is an advanced trading platform that offers a unique design and outstands other trading platforms. WebTrader is an online web platform that allows trading through web browsers such as Chrome, Firefox, Edge, etc.

Pepperstone Deposit

The recommended pepperstone minimum deposit to trade is AUD$200 or equivalent. However, you can deposit less than this to get started.

See our Pepperstone sign up below.



IG – Best forex broker in the United Kingdom

Best forex broker in the United Kingdom

IG forex broker has operated since 1974 and it has more than 239,000 clients worldwide. The broker offers over 17,000 markets to trade and with multiple trading platforms supported. IG Group is regulated by the UK’s Financial Conduct Authority (FCA).

Trading Products

IG forex trading offers more than 17,000 financial markets to trade. As a client of IG broker, you can trade:

  • Forex
  • Indices
  • Stocks
  • Commodities
  • Cryptocurrencies

Account Types

IG offers only account type but some of the products are limited in some countries. Trading products are fully available to United Kingdom clients. If you’re from the United States, then, you cannot trade CFD products.

Spreads & Commissions

Spreads on forex pairs start from 0.6 pips and can go above that when you trade other currency pairs. When it comes to commission fees, IG applies a price that’s higher compared with other brokers.

Per each standard lot position opened, you’ll be charged $10 per position. Besides commission fees per open trades, IG also charges inactivity fees. Clients that do not trade in a period of 24 months will be charged with a monthly fee of $18.

Trading Platforms

IG broker of faster and smart trading platforms. One of the most popular trading platforms, IG mt4 it’s available for IG clients. Besides MetaTrader 4, there are other platforms available including custom mobile and desktop trading platforms.

Other tools are available such as technical signals, that give you indicators whether to buy or sell. Algorithmic trading it’s available to use, so you can trade based on your created algorithms. You can also set up alerts when your target prices reach the configured level.

IG Forex Leverage

IG offers a relatively low maximum leverage of 50:1, whereas many other forex providers offer leverage of up to 500:1.



Plus500 – Best trading platform

Best forex trading platform UK

Plus500 broker based in the UK offers more than 1000 financial instruments to trade. Plus500 offers competitive pricing spreads with no commission and a unique trading platform. The broker is known for its custom advanced trading platform and its features.

Over 2000+ products available

Plus500 provides access to over 2000+ products such as:

  • Forex
  • Indices
  • Commodities
  • Crypto
  • Stocks
  • Options
  • ETFs

Notifications & Alerts

Plus500 trading platform alerts in real-time with notifications. You can configure notifications so you will receive notifications on your phone via SMS, email, or push notifications. Alert notification will let you know when a certain price of the forex market reaches the price that you’ve configured to alert you.

Risk Management

One of the features that is different from other platforms is risk management. Compared to other platforms, Plus500 forex offers an advanced risk management system. The features give you maximum protection from a negative balance.

Risk management system includes these features:

  • ‘Close at Profit’ [Stop Limit] or ‘Close at Loss’ [Stop loss] rates
  • Guaranteed Stop
  • Trailing Stop

With these features enabled, you’d guaranteed a risk protection for your account. In scenarios when you’re suffering a huge loss on your trades, risk management closes your trades at the level price that you’ve set.

Besides the negative balance protection,  risk management also closed your trades automatically at the price level that you’ve set. So, your take profit level will be executed automatically.

Mobile & Windows compatibility

Plus500 forex trading platform it’s available on Windows 10, Plus500 Android, and Plus500 WebTrader. The platform can be used on the systems that we mentioned and the platforms offer similar functions on all devices.

However, using the trading platform on WebTrader or using the application on Windows gives you a “full experience” of the platform. Some features can be more difficult to use on the Plus500 app on Android. So, using the app on Windows and Android can have a bigger impact on your trading analysis.

Is Plus500 Good For Beginners?

Plus500 is good for beginners and is user friendly.  Plus500 minimum deposit is $100 USD.

See the Plus500 bonus by opening an account below.



FxPro – Best cTrader broker

FxPro - Best cTrader broker

FxPro is one of the best forex brokers for its platform, cTrader. The platform offers a seamless experience to analyze the forex markets and access the foreign exchange market in full-depth. Spreads start from 0 pips and there are no restrictions on stop/limit levels.

Fast Order Execution

cTrader platform it’s known for its complexity and fast order execution. FxPro offers a cTrader platform to its clients ensuring there’s a low latency and fast execution of trades. cTrader server offers under 1ms latency with data centers located on major locations.

Smart Stop Out

One of the main features of the FxPro cTrader platform is the “smart stop-out”. This feature is designed to provide maximum to the forex trader’s accounts. Smart stop out uses a much more advanced algorithm that improves the way of stop out.

In situations where the margin level falls below the smart stop out level, positions will start to close partially. Positions will continue to close until the margin level goes above the smart stop out level.

FXPro Minimum Deposit

The FxPro MT4 and MT5 have an FxPro minimum deposit of $500.

Other features

Besides an advanced design and seamless experience, the FxPro cTrader platform offers other features such as:

  • Real-time forex and CFD quotes
  • No restrictions on limit orders
  • Detachable charts
  • Expanded symbol display
  • One-click trading
  • Funding and withdrawing options
  • Full market depth
  • Open a FXpro demo account below


eToro – Best copy trading broker

eToro - Best copy trading broker

eToro forex copy trading offers a unique trading platform that’s different from other brokers. If you want to become a copytrader then copy trading is the inbuilt platform that has made eToro one of the leading brokers for copy trading. The unique innovative system allows forex traders to trade by copying other traders.

Copy Trading

The etoro copy trade feature allows you to view other professional traders and copy their traders instantly. The copy trading feature is automatic and you can copy trades within a couple of seconds. eToro does not charge hidden fees and management fees known as inactivity fees.

To copy trades from other professional traders, all you need to do is search for traders. You can search traders by performance, assets, risk score, and other options. Once you select the trader, you’ll need to choose the amount that you wish to trade by copying the trades. Then, all you have to do is hit the “Copy” button and the copy trading will begin automatically.

eToro’s copy trading platform allows traders to copy up to 100 traders. When you start copying trades, the stop loss and take profit will be the same according to the trader that you are copying. If the trader adjusts the stop loss or take profit, that will affect your stop loss or take profit too.

A minimum deposit of $200 is required so you can start investing by copying trades. The maximum amount that you can invest by copying trades is limited to $2,000,000. Besides copying other traders, you can also allow other traders to copy your trades. To do that, you’ll need to become part of “eToro’s Popular Investor Program”.

Social Trading

eToro social trading is similar to social media sites. eToro has created a social news feed style that is unique by allowing traders to explore. With social trading, you’ll be able to interact with other members of eToro by starting discussions, replying, posting your updates, and more.

You’ll be notified when other users that you’re following post a new status or update, and add assets to the watchlist. Notification will appear on web platforms and mobile devices with push notifications. eToro’s social trading platform allows you to create a profile that can be viewed by other members. From your profile, you will be able to show your social activity including posts, comments, trades, and more.

eToro Fees

eToro offers free stock trading. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.

AxiTrader – Best MetaTrader 4 broker

AxiTrader - Best MetaTrader 4 broker

AxiTrader was founded in 2007 and it offers its service in more than 100 countries. AxiTrader is one of the best MetaTrader 4 brokers that offers low spreads with a $0 deposit.

MetaTrader 4 platform

AxiTrader offers only the axitrader mt4 as the forex trading platform to trade. MetaTrader 4 is one of the most used platforms by traders. The platform is customized and comes with customizations and features. Traders can download MetaTrader 4 on PC, Mac, Android, iPhone, and iPad.

Besides these devices, MT4 WebTrader is available and can be used to trade directly from a web browser. MetaTrader 4 offers flexibility in forex trading with different tools to analyze the forex market. Real-time charting allows you to view the market with live charting options. AxiTrader offers over 150 products traded on the MetaTrader 4 platform.

PsyQuation

AxiTrader offers an artificial intelligence analytics platform for traders. PsyQuation is built using AI and machine learning that’s designed to identify strengths & weaknesses. The analyzing platform works as a private trading coach known as “mentor”. Artificial intelligence will analyze your forex trading history to improve your profitability of the trades.

The platform will alert you for potential trading mistakes based on past trading behavior. PsyQuation platform will also analyze your performance and trading style by comparing it with the latest data. PsyQuation score ranks your skill on a table that will help you to track your progress and predict future performance.

Axitrader Minimum Deposit

Axitrader has no minimum deposit. Axitrader also has an axitrader demo account you can open for free below.