Compare some of the best Online Forex Brokers for professional and retail Forex investors. What matters the most is the safety of your money and paying the lowest trading cost. ECN brokers offer the lowest spreads in the market and the fastest order execution.
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SAFETY OF FUNDS
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TRADING TERMS
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INFORMATION
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REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: YES EXECUTION TYPE: ECN /STP FOUNDATION: 2007 HEADQUARTERS: Australia and the United Kingdom |
TYPICAL SPREADS: EURUSD: 0.1 pip GBPUSD: 0.4 pip USDJPY: 0.2 pip COMMISSIONS ON TRADING: $7.0/lot LEVERAGE ON CAPITAL: 1:30 ROBOTIC TRADING: YES PAMM ACCOUNTS: YES
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-4 Web □ FIX API □ Mobile Traders □ Autochartist □ PAMM Accounts |
$20 Minimum Deposit Amount WELCOME BONUS: (N/A)
FUNDS METHODS:
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REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: YES EXECUTION TYPE: ECN /STP FOUNDATION: 2015 HEADQUARTERS: Malta |
TYPICAL SPREADS: EURUSD: 1.1 pip GBPUSD: 1.2 pip USDJPY: 1.4 pip COMMISSIONS ON TRADING: NO LEVERAGE ON CAPITAL: 1:30 ROBOTIC TRADING: YES PAMM ACCOUNTS: YES
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-4 Web □ Mobile Traders □ PAMM Accounts |
$50 Minimum Deposit Amount WELCOME BONUS: 20-100% Bonus
FUNDS METHODS:
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TRADING ASSETS: (1) Currency Trading -50 Currency Pairs (2) CFD Contracts -Stocks & Indices -Commodities -Spot Metals -Futures Trading |
REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: YES EXECUTION TYPE: ECN / STP FOUNDATION: 2011 HEADQUARTERS: Cyprus |
SPREAD EUR/USD: 1.8 pip COMMISSIONS ON TRADING: NO LEVERAGE ON CAPITAL: 1:30 SCALPING: YES ROBOTIC TRADING: YES
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-5 □ MT4 and MT5 WebTraders □ Mobile Traders |
$5 Minimum Deposit Amount WELCOME BONUS: Not for European traders
FUNDS METHODS:
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TRADING ASSETS: (1) Currency Trading -50+ Currency Pairs (2) CFD Contracts -Commodities -Equity Markets |
REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: YES EXECUTION TYPE: ECN / STP FOUNDATION: 2008 HEADQUARTERS: Russia |
SPREAD EUR/USD: 1.0 pip COMMISSIONS ON TRADING: NO LEVERAGE ON CAPITAL: 1:1,000 SCALPING: YES ROBOTIC TRADING: YES
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-5 □ FBS Copy-Trader □ Mobile Traders |
$50 Minimum Deposit Amount WELCOME BONUS: 60%
FUNDS METHODS:
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TRADING ASSETS: (1) Currency Trading -55+ Currency Pairs (2) CFD Contracts -Equity Markets -Commodities -Energy -Cryptocurrencies |
REGULATED BY:
SEGREGATED CLIENT BANK ACCOUNTS: YES SWAP-FREE ACCOUNTS: YES EXECUTION TYPE: ECN /STP FOUNDATION: 2007 HEADQUARTERS: Australia |
TYPICAL SPREADS: EURUSD: 0.1 pip GBPUSD: 0.4 pip USDJPY: 0.3 pip COMMISSIONS ON TRADING: $7.0/lot LEVERAGE ON CAPITAL: 1:30 ROBOTIC TRADING: YES PAMM ACCOUNTS: YES
KEY POINTS:
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ONLINE PLATFORMS □ MetaTrader-4 □ MetaTrader-5 □ cTrader □ FIX API □ Mobile Traders |
$200 Minimum Deposit Amount WELCOME BONUS: (N/A)
FUNDS METHODS:
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■ Forex Brokers for Forex Investing
Forex-Investors.com
PAMM: Forex Managed Accounts for Currency Investors
PAMM stands for Percentage Allocation Money Management and refers to a technology that connects retail Forex investors and successful professional traders (Money Managers) via a Forex platform.
Connecting Forex Investors and Money Managers
Most Forex traders don’t have the skills, time, and experience to achieve good results in the Foreign Exchange market. This is why many retail traders seek the services of specialized Forex professionals. The PAMM account type provides a unique opportunity for all Forex investors needing to diversify their investments between different trading strategies and achieve stable returns.
Professional Forex traders start with their own capital, but after they can prove their results have the opportunity to become Money Managers (MM).
When a Forex investor joins a PAMM program, he allocates part of his capital (in the desired proportion) to the selected Money Manager. This professional manager will trade multiple forex trading accounts using a common trading interface.
VIP Forex Brokers & Premium Forex Services
There are several Forex companies providing VIP accounts and premium services to clients depositing large sums of money. VIP accounts were initially designed to offer custom-tailored solutions to large Forex investors, but nowadays, Forex brokers offer VIP accounts for a significantly smaller minimum deposit.
Basic Advantages of Forex VIP Accounts
VIP accounts offer additional features and improved trading terms, compared to common retail accounts.
These are some key premium Forex account features that every VIP investor should expect:
(1) Connecting Investors Directly with Liquidity Providers
■ Importance: Forex traders (intraday trading, automated-trading)
Direct market access (DMA) is the most important feature for any VIP Forex trader. This means every order is transmitted directly to large liquidity providers without intervention and price manipulation. This is provided via ECN or STP protocols. The advantages of non-dealing desk (NDD) trading are quite a few:
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