Forex trading broker reviews

When you are new to the world of forex trading it is very important that you choose the right broker for your situation. ForexTrading.org collected a few of the worlds best brokers for you. On this page you see a overview of the brokers on this website with a option to read more about them.

1. eToro eTore is situated in Cyprus and holds a position on the Forex market since 2006. Their goal is to simplify the Forex trading and open a trade platform suitable to everyone, beginners and professionals, interested in Forex trading. [Read full review] Direct download | Visit broker site

---

2. Plus500 With thousands of online trading systems today, it can be difficult and frustrating to pick the right one. There are systems to be found for almost every trade on the financial market. Many of these systems are very professional in what they do, but a system that provides a solution for all trading tools, combined with a simple interface, is hard to find. [Read full review] Direct download | Visit broker site

---

3. Forex Yard Forex Yard is also a wellknown Forex broker. ForexYard offers a full language support. With this forex broker you can create a demo account to try the system. Furthermore there are special tutorials to learn you trading forex. [Read full review] Direct download | Visit broker site

We will add more brokers in the future.


Are you living inside the United States? Click here for US accepted brokers!

Differences Forex Brokers

What makes a Forex Broker a good broker for you? This depends on what you know and what you want to do. Some brokers have great software but don't have a good Forex school, so this isnt a good program to start with. Determ for yourself what you would need and what you would like to do with Forex. When you are a Forex expert you can choose for difficult software and programs with high bonusses on high deposits. Its up to you!

Forex Yard review

ForexYard is a Forex broker, which has a dealing desk brokerage available to receive your orders. ForexYard is based in Cyprus and was founded in 2004. Gold, silver and oil are the three commodities on offer. In addition, twenty-seven different sets of currency are available and they offer competitive spreads, which are fixed. This broker is highly recommended for beginner traders as well as experienced Forex market traders. Their customer service is excellent; in addition, they offer trading with a variable margin, a web-based or download trade option along with various other appealing features that other brokers do not offer.

It is very simple to open a demo or live account, the website of ForexYard is very easy to navigate around and instructions are clearly explained. All well-known credit cards are accepted, electronic bank transfers can be used to deposit money into a live account. Western money Transfers are also available. When you start to trade live, deposits made via credit card will go through immediately, however electronic bank transfers can take three days to clear. A free course on ‘how to trade’ is available when you register; it is actually reasonably good and deals with all the starting points of trading with Forex. In addition ForexYard also offers diverse tutorials, which are nicely written. These are used for trading platforms and the explanation of various common technical indicators.

You can have a live account with ForexYard for as little as $100. A super mini account (this is for amounts less than $1000) is available, in addition, they offer a standard account. Trading gold, silver or oil is only available with a standard account. For a beginner trader the super-mini account is perfect, a minimum amount can be risked and the trader will get a good feel of trading live. Furthermore, for a standard account no fees are attached, however with the small trade account this costs $25 per withdrawal.

To withdraw money from the account, the trader will need to fill in a form and fax it through along with a form of identification. You can withdraw by having the amount sent straight to the credit card from which the deposit initially came from; alternatively, you can withdraw via wire bank transfer. Processing time can vary: on the website it states that ‘withdrawals will take a minimum of three days’, however there is no maximum period given. ForexYard has very strict guidelines on trade scalping.

The trade platform of ForexYard is customizable and very simple to use. Getting started is easy with help from the website tutorials and if you look on the platform there is a help department. ForexYard do not have any feed on offer for MetaTrader or charts through esignal. However, you can trade with their main platform and charts and this is acceptable for intraday or short-term stocks. All the normal order sorts are available, trailing stop orders are included.

The customer service of ForexYard is excellent. They are available for contact via email, telephone, or you can even chat to them live on their website. Email response can take longer than the online chat, the online chat responds immediately, whereas email could take one day.

Deposit options	Neteller, Creditcard, Bank transfer and Paypal.
Free demo accounts	Yes, unlimited practise money.
Bonus for new clients	Deposit $1000 and get $100 free, or receive $50 to $300 cashback.
The spreads	Two pipes for the most currencies.
Minimum deposit	$100 is the minimum.
Maximal leverage	400:1

Plus500 review

With thousands of online trading systems today, it can be difficult and frustrating to pick the right one. There are systems to be found for almost every trade on the financial market. Many of these systems are very professional in what they do, but a system that provides a solution for all trading tools, combined with a simple interface, is hard to find.

Plus500 is a new and progressive trading system that offers you a solution for almost all trading instruments. With their philosophy - simplicity and professionalism - Plus500 points out their main goals: offering a professional but simple system.

Plus500 interface:
Thanks to the very user-friendly interface, the trader can start trading in minutes after downloading the system. Unlike other systems, no training is required!

Even though Plus500 is open to everyone, professional traders will like the system as well due to the professional features the system offers. With a daily growing variety of trading instruments and a very fast response time, its hard to find a better trading system.

Furthermore Plus500 believes that one who tries the system, will end up as a daily user in the long run. Within seconds you are ready to start trading on Plus500. It’s that simple, no registration forms or ID’s. Just click, download, choose your user name and password and you’re ready to go! In addition, the practise account is not like others. This account is not limited to a certain amount of money or time. No, you can use it as long as you want.

P500 tools:
As already said, Plus500 offers a large variety of trading instruments. And thanks to the charting system, it’s possible to trade on the scale you choose and trade through it in a click. The system offers multiple ways of trading, like ‘buy now’ or ‘buy when price is’.

Benefits of the Plus500 system:
- trading is made simple
- many different trading tools
- handy trading through the smart charting system
- short registration process

With the help of experienced traders, Plus500 was developed by professionals which paid close attention to their needs. This, and the financial and moral support of a strong financial company, Plus500 has grown to a professional - but easy - system.

Deposit options	Neteller, Creditcard, Bank transfer and Paypal.
Free demo accounts	Yes, unlimited practise money.
Bonus for new clients	Up to $2000 & Free $20 no deposit bonus!
The spreads	Two pipes for the most currencies.
Minimum deposit	$100 is the minimum.
Maximal leverage	400:1

Etoro review

eTore is situated in Cyprus and holds a position on the Forex market since 2006. Their goal is to simplify the Forex trading and open a trade platform suitable to everyone, beginners and professionals, interested in Forex trading.

eToro proves that the Forex Market can be both fun and challenging. Therefore, it isn’t a suprise, that eTore makes more and more people join the Forex market. In fact, eToro just started and with 50,000 traders on their platform, we are curious about the future of this programme.

Spreads eToro (costs)
eToro provides you with very attractive spreads. Compared to their competitors, eToro offers you very competitive spreads of about two pip.

As a trader, the spread of a broker is the most important factor for you. The spread is, after all, the difference in bid and ask price. Therefore, a lower spread means a better outcome, as your costs are lower. So, a Forex broker with a low spread is your first profit.

Despite the very user-friendly software, eToro’s programme can feel a bit inconvenient when using it for the first time. To support you, we uploaded a video, covering the trade system and functions within the software. When you are about to download the software, you might find it interesting to watch as well.

Deposit options Neteller, Creditcard, Bank transfer and Paypal. Free demo accounts Yes, unlimited practise money. Bonus for new clients Up to $1000 The spreads Two pipes for the most currencies. Minimum deposit $50 is the minimum. Maximal leverage 400:1

How does Forex works?

Forex is short for Foreign Exchange and cannot be compared with the shares (like Nasdaq). The currencies are traded between the central bank and the brokers. Currency can be traded in pairs, like EUR/USD. EUR is the basic and USD the second. This means that EUR/USD can be 1.3000 where one EUR is 1.3000 USD.

Forex products prices are displayed with two or four decimals (e.g. €/$ 1.12 or 1.1234). The decimal holds the name “pip”. To be able to trade on the Forex Market, you'll need an account. The brokers can give you access to the market and offer different account types. A minimum deposit of $25 to $25,000 is required, when you like to enter the market with real money.

The winning and losing of money by buying or selling currency, is displayed in pips. If you, for example, win five pips (1.3000 to 1.3005) and you own 100,000 pairs, you'll win $50 (0.0005*100,000). We advice you, as a starter, to only deal with small pairs.
To read and learn more about the market, check our Forex tutorials or join the lessons from your Forex broker.

Trading advice

ForexTrading.com is offering you a trading advice weekly. This might contain safety information, rules for the Forex or tips to improve your earnings. Make sure to check the page weekly to gain the most recent advice, or read all the Forex tips.

This week's advice: This is the first advice to be published on our new website. This week, we will give you information about joining a Forex broker. This is a company, which can give you access to the market. You are obliged to be signed in with a broker, to work with the Forex trading. But what broker is the best for you?

At this moment, there are more than 100 Forex brokers on the internet. That's a lot. To make sure you'll get the broker that fits you the best, you need to think things over. What would you like from your broker? Would you like to trade in other currencies than US dollars? Or would you rather trade in oil? Are you a big trader or do you want support and lessons from your broker?

You can use the Broker search function to see what type of account and which broker fits you best. Your choice is always right as ForexBroker.org allows the best brokers only, enabling you to have the best trading experience. You can always be sure of 100% reliability, professionalism and welldeveloped tools.

Forex news headlines

Our website provides you with the most recent news and highlights subjects that might influence the market, to let you know what is happening in the world of Forex trading.

01-09-2009: ForexTrading.org online!
Today is big day for our crew, as the website is officially launched and starts its journey to become a well-known and reliable source of information dealing with the Forex market. Our website contains all kind of information, covering the best brokers, Forex lessons and a special system that determines the best Forex account for you!

As the website is new, there might be a possibility, that you bump into some errors. We would like you to report these using the contact form (footer). ForexTrading.org will try to keep you updated with the best brokers and hottest news in the future. Thank you for your visit and we hope to see you back soon.