Forex Broker Reviews – FX Broker in Comparison Best Rated Brokers in 2017?FX BrokerMin. DepositMin. MarginMax. Lev. Spread EUR/$FX PairsCFDTradingWWWRead our Review1002.0%1:502 Pips28YesSoftware, Browserplus500.comRead our Review$2000.25%1:4003 Pips16NoSoftware, Browseretoro. comRead our Review$1000.5%1:2003 Pips44YesSoftwareavatrade. comRead our Review$1000.25%1:4002 Pips>100YesSoftware, Browsereasymarkets. comWhy Should You Compare Forex Brokers? There are a lot of Forex brokers and everybody wants to attract as many traders as possible. This means that there is fierce competition between FX brokers in favor of the trader. Everyone tries to be the best in a certain niche and therefore you can choose the best provider by comparing FX brokers. You are not limited to a single or a few brokers; you can trade wherever you want, whenever you want. But every Forex has its advantages and disadvantages. Your goal must be to find the best Forex brokers for yourself. Forex Broker Comparison at Broker ReviewsYou are probably wondering why we have only a handful of brokers to choose from even though there exist hundreds of them. The reason is quite simple: the listed Forex brokers are the best brokers in our opinion and they have the best deal for the average trader. The Criteria to Compare Forex BrokersWe have tried to incorporate as many criteria in our evaluation which we think are the most important. We believe it is more essential that a broker offers many currency pairs than offering a payment method almost nobody uses. Thus our main criteria are: Software – how easy is it to operate? How is the usability? How about the features? Bonus – a trading bonus can be very attractive Payment Options – without payment options, no money and without any money no trade Extras – such as CFD, commodities, etc. What Forex Brokers Also Offer Trading with CFDs? In our Forex Broker comparison you can find a column that indicates whether you can trade CFDs or not. At the top of the Chart FX broker, you can find a column named “CFD”. AvaTrade, eToro, Finexo, InstaForex and Forexyard all allow trading with CFDs. What FX Trading Platforms Provide Trading in Your Browser? It is handy when you do not have to download separate software for each broker. Therefore, some FX platforms thought that you should be able to trade in your browser. Online trading without downloading software has become more and more popular. This is also a customer need: You can thus trade currencies from any PC in the world – even from a desktop on which you may have no administrator rights. What FX Brokers Offer the Best Forex Bonus? You can find an overview in our table and you can see which FX broker offers which bonus. Click above in the summary on the broker of your choice. We have however created an article that deals only with bonuses: Forex BonusWhich Broker Offers the Best Deposit Methods? A lot of Forex brokers move with time and offer new and innovative payment methods. Unfortunately, there are also forex brokers who sleep a little and think that traders are still willing to pay only by bank transfer or credit card. This is, of course not a good option. Therefore, we have added payment options to every listed Forex broker. Furthermore, we have created a detailed article about deposit methods. We also answer important questions you may have on the different deposit options and deposits in general. Two popular eWallets are Paypal and Moneybookers. We created a list to show you the best FX brokers, where a deposit with Paypal and Moneybookers is possible. Which Broker Provides the Best Trading Software?“The best” is of course relative. One trader needs certain functions another trader doesn’t need at all. One trader may prefer clear and easy-to-use software and another trader needs Metatrader 4 or 5. So this is a tough question. We at Brokerreviews. org made it as simple as possible. In every review you will find information on the broker software. We also created a list which brokers offer Metatrader 4 . Additionally, a list for everybody who doesn’t want to download any broker software: FX trading in browser – shows you what brokers allow you to trade in your web browser and don’t need a downloaded version. Which FX Broker Offers the Highest Leverage? The maximum leverage vary between 1:100 and 1:1000. With 1:1000 the broker Instaforex leaves the competition behind. No other Forex broker offers such a huge leverage. You can see in our Forex broker comparison chart what leverage the specific broker offers. Which Forex Broker Offers the Lowest Spread? The most used currency pair to compare spreads is EUR/USD. This is the most representative. The difference between Forex brokers is not that huge and they are close together. Most brokers offer a spread of 3 pips on EUR/USD. What’s the Forex Broker with the Lowest Minimum Deposit? In our test, the Forex broker with the lowest requirement is clearly InstaForex with only $ 1. The other Forex broker offer minimum deposit between $ 50 – 200. But it really depends. It’s very important for Forex Beginners to keep the first investment at a minimum and thus they should look for a FX broker with very small deposit limits. Many simply want to invest and pay only 500 . However, one must be aware that in FX Trading the risk increases when working with (too) little money. Even the $ 1 minimum deposit at InstaForex is put into perspective. This is of course not possible with every deposit method. Many deposit methods make no transfers under a certain limit, like $ 20. A positive trend is that Forex brokers move toward “micro pips” which means enabling a low-risk trading for the small wallet traders. What’s the Best Place to Trade? This question is impossible to answer of course. It depends on many factors. For example, it is dependent upon whether you are a beginner or an advanced trader, or what software you prefer, if you use Metatrader or your own software which may be easier to manage. We recommend taking a look at our Forex comparisons to make a decision. What are the best resources? You have to be careful. You have to be aware of the fact that there are lots of people out there that want to sell their “trading secrets”, books, signals, etc. Whatever it is, be cautious. When somebody claims you will make good profits be even more cautious. This should be your natural instinct. When it comes to Forex resources there are a lot of good ones out there. Some of them are well known like BabyPips and others are less popular (yet). One of those sites is TradingAces where you will find a lot of good stuff about Forex and Binary Options Trading. It’s really worth taking a look especially when you are engaged with both trading techniques.
Nearly every day, I see the information about Forex trading mentors throughout the web. People are interested in their services because they think that mentors are more professional and experienced. But it’s not always true. The market is full of sort of Forex trading mentors who offer magical trading strategies, expert advisors, and books on the subject of rather poor quality. It seems to me that there are not so many of real mentors who can share their own experience with newbies, but there are always people who want to make money on the newbies’ ignorance.
The Forex market is constantly waving. It has periods of the uprising, moving down, and consolidations. Most of the traders use systems that perform better on the rising or falling market, but there are strategies that work perfectly on consolidating one. So, it’s like… The equity curve just follows the waves of the market. It means that you shouldn’t always stop trading when the price goes wrong.
Not every trader can dedicate all his time to Forex. Even if he does, he has to plan the trading day. If a trader dedicates Forex a few hours in a week, he should do it. I can say from my own practice, that trading on Forex needs a trading schedule. The market moves chaotically, and I’d be lost in it without an order.
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There is a variety of currencies on Forex, but only a few are the most traded ones. Keep reading and you'll find out which currencies receive the maximum trading volume.
As we already know, proper money management and risk management can be your secrets of success. After you have defined your goals and selected a strategy that suits your psychology, create risk management rules to see how much funds will be at risk and how much money will you be able to earn with the deals.