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.

Forex account types

There are many dealers with online access to be found on the world wide web, both legal and illegal. Many offer the same services and access to the market, but their policies and procedures might differ. Therefore, every trader must chose his type carefully.

Beginners need to be very careful, as the market allows a lot of trading services, which are not suitable for beginners, to operate on the market.

Different levels of the Forex market are represented by each type of broker, ranging from a high level with direct access to a lower level with little or no access to the market at all. We will cover the different types of brokers below.

Forex account types

There are many dealers with online access to be found on the world wide web, both legal and illegal. Many offer the same services and access to the market, but their policies and procedures might differ. Therefore, every trader must chose his type carefully.

Beginners need to be very careful, as the market allows a lot of trading services, which are not suitable for beginners, to operate on the market.

Different levels of the Forex market are represented by each type of broker, ranging from a high level with direct access to a lower level with little or no access to the market at all. We will cover the different types of brokers below.

Institutional market maker

This type of broker has the most direct access to the Forex market and is very suitable for beginners. You can be given more direct access to the Interbank market, when you are willing to pay a larger sum of money.

Retail market maker

Despite the fact that this type of broker represents most brokers on the market, they do not provide the same services and access to the market. A lot of traders chose this type and is also suitable for beginning traders. Nevertheless, one most be aware of the provided services. In the United States and most other countries, this type of broker is legal.

Retail market maker

Despite the fact that this type of broker represents most brokers on the market, they do not provide the same services and access to the market. A lot of traders chose this type and is also suitable for beginning traders. Nevertheless, one most be aware of the provided services. In the United States and most other countries, this type of broker is legal.

Institutional Forex

As only banks can participate in this type of broker, it is not suitable for beginners. If any other broker grants you direct access to the Interbank market, he does not play fair as the market is not open to individual traders. Furthermore, institutional brokers have direct access to the market and represent 50% of all Forex trading.

Now you can see, that only four of the five mentioned markets are open for individuals. From these four, the Retail market maker is the most appropriate one. Within this type, there are a lot of different types and they are easy to find. However, one must take a look at the services provided by the broker he selects. But don't chose a book maker or bucket shop, as they are illegal.

Forex all you need to know (SERVICE AND CUSTOMER SUPPORT)

4) SERVICE AND CUSTOMER SUPPORT

Most of the brokers, once the prospect is converted into a live customer, do not give as much attention as when you were a prospect. My experience is that with both the companies I am trading with, is that the service is outstanding, follow ups, VIP customer care, personalised news for my trading and the most important is that they listen to you. Before opening with these two brokers I made many searches about them and the only thing I was reading is that their service is outstanding. I tried it and now I can confirm like thousand of traders. As an advice, you should test your broker every day.

Forex all you need to know (CONDITIONS)

CONDITIONS

A good Forex broker is not the one that provides the lowest spread. Normally people offering 0.5 as many brokers claiming they are ECN and so on use this marketing tactics to get you in and once you are in your will never see the price of 0.5. Let’s think about it. the best banks, RBS, MORGAN STANLEY, BARCLAYS, DEUTSCHE BANK and so on will provide brokers in the best case scenario during LND trading time between 0.5 to 1. As a broker offering 0.5 to you how and when he will get the price to cover you. Also think if you came via an introducing broker, the introducing broker will get his commission and then the 0.5 the broker is offering you is actually a 0 pip since the IB is taking his commissions. This is to say that the lower the spread is the higher is the chance for your broker to trade against you.

My Forex broker is Tadawul Fx.
Spreads fixed from 1 to 3 pips. (three accounts types, mini at 3 pips, standard at 2 pips and premium at 1 pip) this is exactly reflecting the market rates and not trying to go under to attract customers.
My Future broker is GNI Touch.
Futures trading with GNI is just amazing. Spread is variable (this is futures) and most of the time between 1 to 2. during volatile market hours it will widen, normal practice.

Conclusion: You have to know the behind of the scene in order to know which broker to choose.
Small spreads does not mean more money but more problems during volatile markets. try to also find fixed spreads this will help you a lot.

forex all you need to know (RESEARCH AND MARKET INFORMATION)

RESEARCH AND MARKET INFORMATION

Tadawul Fx (TDFX) and GNITOUCH offer excellent market news and analysis, brief and very instructive. As an ex banker, I am sometimes annoyed to read ten pages of prediction and news.
We all want precise information already digested by pros. We want to take decisions based on the following points: Markets announcements, Pivot points, Support and Resistance level.

Daily market news of Tadawul Fx: http://www.tadawulfx.com/v2/services/forex-news.html
ALL FREE NEWS AND MARKET ANALYSIS

Daily market new of Gnitouch: http://www.gnitouch.com/Research/ResearchLogin.aspx
FREE BUT NEED TO REGISTER FIRST

In addition thanks to youtube brokers start to provide their news in videos. so less time consuming. Tadawul Fx video: http://www.youtube.com/user/forexproductions#p/a/u/3/CeoCxF_f7J0

Conclusion: Use always brief reports, long reports are always vague and leadign you to 0 results.

ABC FOREX ALL YOU NEED TO KNOW (SAFETY OF FUNDS)

SAFETY OF FUNDS

For me as a professional I look first for the safety of my funds. Look at the best banks in the world especially after the financial crisis of 2008. UBS, LEMAN BROTHERS, also in 2005 the fall of the biggest Futures brokers in the world REFCO. They all had problems and some of them went bankrupt. This is to say that you have to choose a good REGULATED broker, NOT A BVI BROKER but more an EU regulated broker or UK or US. Switzerland is now under restructuration with the FINMA and all brokers have been forced to apply for a banking license but the few brokers that applied are under the EU, UK, and US jurisdiction illegal brokers since they are not regulated yet. As they say, they are in pending regulation, which means if one of these brokers goes insolvent the customers will not have any help or indemnity.

The top regulated Brokers I am currently working with are:

EU: www.tadawulfx.com
UK: www.gnitouch.com

The EU and UK regulated brokers have a guarantee for their retail customers. As you may know TDFX is under the umbrella of MIFID. This means that all their retails categorised customers have they accounts guaranteed in case of insolvency. The indemnity the customer will get is a maximum of 20'000.00 EUR. This is called, compensation fund. GNI TOUCH has the same regulation since FSA Licensed companies are also under MIFID.

Conclusion: Always work with respected brokers with good reputation and the most important good regulations. Save your Time, Time is money.

FOREX ALL YOU NEED TO KNOW (intro)

In this blog, i will advise Forex traders novice and professional what to look for and what they need to be successful in Forex and online trading.

First step is for you to find your financial broker which is the base of all investment. You cannot make a plan of your investment or decide strategies if you do not have a broker or if you do not know the conditions your broker offers also you need their advices or research since they have more experience than you do. It is let’s say buying a car before even getting its driving license. This task of finding your broker is the most important step. In fact you have to look for the following points.