Top 5 Forex Brokers

Etoro

Established in 2007, Etoro has quickly grown to be one of the leading forex trading brokers in the world.  It is the pioneer of “social trading”, a concept that allows traders the ability to follow the progress of other users of the Etoro platform and even copy their trades.  This great feature allows those that are new to the world of trading, or even those that have struggled in their pursuit for success, to follow in the footsteps of traders with proven winning formulas

Etoro offers up to $1000 dollars for all new traders or 10% of a deposit above $20,000.

Easy Forex

Easy Forex is a popular provider of forex trading services.  Its platform is highly refined and is powered by the famous MetaTrader4 software that executes trades very quickly and allows access to a variety of useful features.  Support is excellent and withdrawing funds is a painless process, something that you would expect but can be an issue with some other brokers.

AVA FX

Plus 500

Plus 500 is one of the better providers of forex trading services on the market.  It is regulated by the main financial services regulator in the UK – the Financial Conduct Authority meaning it adheres to the highest standards at all times.  Its platform was developed in-house and is clutter free, aesthetically pleasing and high speed.  Trading spreads are tight and start at just 2 PIPs on some of the more popular markets although margin requirements are a little stricter that with some other brokers.  Leverage is only available up to 20:1.

Forex Trading Introduction

The Forex Market, similar to options trading, is marginable. Margined trading is extremely popular because it allows traders to bet using borrowed money. The popularity of Forex margined trading is potentiated even further by the low initial investment requirements for the market. Many options trading platforms require a minimum of $2,000 to start, while currency exchange generally gets started with a tenth or a quarter of that amount.

The five major foreign exchange markets around the world are: New York, London, Frankfurt, Paris, Tokyo, and Zurich. These markets are connected seamlessly through the internet and, as the timezones shift, control of the market passes to each of the exchanges smoothly.

With the introduction of smart phones and live streaming market updates, Forex trading has again seen a rise in popularity due to the ability to constantly watch the movement of the market. Many traders prefer to closely watch such volatile markets as they often lead to some very speculative trades. Global news providers also send world news and headlines to our handheld devices, for immediate reaction to changes in the worldwide economy, allowing for a less speculative approach to the volatile market.

Traders who are experienced with the patterns and platforms of the Forex can make this market a very lucrative one, but experience is slowly being replaced by the augmentation of computer assisted analysis. The improved speed and sophistication of Forex trade analysis systems has greatly improved the process many traders use in researching their investments within this market, catching many mistakes the new traders might make.

Possibly one of the most widely remarked upon reasons for Forex popularity is the absolute liquidity of the market. Realistically the Forex market is completely liquid because the assets are always reflected as a spendable currency. This type of market is highly attractive to day traders who are a type of investor that only have money in the market while they are actively watching it. Although the term day-trader typically refers to traders that get into the market at open and out just before close, in a 24 hour market system the term is a bit more ambiguous.

Along with individual traders, the Forex is a popular market platform for global companies to hedge their risk between countries as they generally must use currencies from multiple exchanges when they pay for and transfer manufactured products around the world. Global news and trade also affect the values of the Forex and some of the larger companies with global roots will often ha