Carefully structured to be both user-friendly and comprehensive, this article goes into detail on each relevant aspect, provides practical examples, and clarifies important concepts. By the end, you’ll be empowered to make informed choices, ensuring that both beginners and experienced traders alike can enjoy a safer and more rewarding trading experience.

1. Introduction to Forex Trading

Forex, short for “foreign exchange,” is the global marketplace where currencies are bought and sold. It is arguably the largest and most liquid market in the world, with an average daily trading volume surpassing $6 trillion. This high level of liquidity and round-the-clock nature (trading occurs 24 hours a day, five days a week) make Forex trading appealing to traders of all levels.

Before diving into the detailed process of choosing a broker, it is helpful to understand the basics of how Forex trading works:

• Currency Pairs – In Forex, you trade currencies in pairs (e.g., EUR/USD, GBP/JPY). The first currency is the base currency, and the second is the quote currency.
• Bid and Ask Prices – Every currency pair quote has two prices—a bid (sell price) and an ask (buy price). The difference between these two prices is called the spread.
• Leverage – Most Forex brokers offer leverage, which allows you to control a larger position in the market with a smaller amount of capital. While leverage can amplify profits, it can also magnify losses.
• Market Sessions – Although the Forex market is decentralized and trades globally, it is commonly broken down into major trading sessions: London, New York, Sydney, and Tokyo.

Understanding these fundamental concepts lays a groundwork for evaluating which broker and trading style might suit you best.

2. What Is a Forex Broker?

A Forex broker is a financial services firm that provides traders access to a platform for buying and selling foreign currencies. These brokers act as intermediaries: when you place a trade, your order is executed either by the broker directly (in the case of a Market Maker) or routed to liquidity providers (in the case of ECN/STP brokers).

Functions of a Forex Broker

1. Order Execution – Brokers facilitate the buying and selling of currencies. Depending on the broker type, they may act as a counterparty to your trades or pass your trades to external liquidity providers.
2. Provision of Trading Platforms – Most brokers offer trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), or proprietary platforms. These platforms come equipped with charts, technical indicators, and other tools.
3. Leverage and Margin – Brokers provide leverage to traders, enabling them to open positions that exceed their actual account balance. They also set margin requirements, which determine how much capital you must maintain.
4. Customer Support and Resources – Good brokers offer educational materials, market analysis, and customer support to assist traders at various stages of their trading journey.
5. Risk Management – Some brokers provide features like negative balance protection, guaranteed stop losses, and other risk management tools to help you protect your capital.

Because the foreign exchange market is largely unregulated on a global scale (it is decentralized), choosing a broker that is reputable, well-regulated, and aligned with your trading goals is absolutely crucial.

3. Why Choosing the Right Forex Broker Matters

Selecting a broker is not just about picking a random company that allows you to trade currency pairs. Your choice of broker can significantly affect:

• Your Profitability – Different brokers offer different spreads, commissions, and execution speeds. High spreads or frequent platform outages can severely impact your ability to capitalize on profitable trades.
• Your Safety of Funds – A broker’s regulatory status and financial stability are vital for ensuring your funds remain secure. In cases of broker insolvency or malpractice, regulation and compensation schemes can offer crucial protection.
• Your Overall Trading Experience – The right broker will provide a stable, user-friendly platform, reliable customer service, and educational resources that can streamline your path to success.
• Your Ability to Develop and Implement Strategie – Some brokers limit the types of strategies you can use, such as scalping or hedging. In contrast, others might offer advanced tools to facilitate algorithmic trading or social trading.

Whether you are a beginner looking for a simple entry point or a professional seeking advanced features, it is imperative to evaluate brokers based on your personal trading needs, risk tolerance, and objectives.

4. Types of Forex Brokers

Different brokers operate under different business models, each with pros and cons. Understanding these models allows you to choose the one that best fits your trading style, risk tolerance, and preferences.

Market Maker Brokers (Dealing Desk)

A Market Maker (sometimes referred to as a Dealing Desk broker) takes the opposite side of your trade. Essentially, the broker “creates the market” for its clients, quoting both the bid and ask prices internally.

How They Work

• When you place a buy or sell order, the broker may match your trade internally against other client orders or take the trade itself.
• Market Makers earn primarily from the spread and can also benefit if the client loses, since the broker might be the counterparty.

Pros

• Fixed Spreads: Often, Market Makers can offer fixed spreads, which is beneficial in volatile market conditions.
• Lower Capital Requirements: Market Makers typically cater to retail traders who are just starting and may not require large initial deposits.

Cons

• Potential Conflict of Interest: Since the broker may profit if you lose, there is a perceived conflict of interest.
• Requotes and Slippage: Especially during times of high volatility, you may experience requotes or slippage more frequently.

Market Maker brokers can be suitable for beginner traders who appreciate simplicity, fixed spreads, and smaller initial capital requirements. However, traders who want direct market access or worry about conflicts of interest may look elsewhere.

ECN (Electronic Communication Network) Brokers

An ECN broker provides a platform where traders can directly interact with liquidity providers—such as banks, financial institutions, and other traders—through an electronic communication network. The broker’s role is to match buy and sell orders in real-time.

How They Work

• ECN brokers typically charge commissions on top of raw spreads that come from the interbank market.
• They do not take the opposite side of your trade. Instead, they pass your order directly into the network where it competes with other market participants.

Pros

• Tight Spreads: Often very tight spreads, especially in highly liquid currency pairs.
• No Dealing Desk Intervention: Reduced conflict of interest; your broker is not taking the other side of your trades.
• Transparency: ECN quotes are more transparent, with prices aggregated from multiple liquidity providers.

Cons

• Variable Spreads: While spreads can be extremely low, they are not fixed and can widen during low-liquidity periods or major news events.
• Higher Minimum Deposits: Some ECN brokers require larger initial deposits.
• Commission Costs: Commissions can add up, particularly for high-volume traders.

ECN brokers are popular among experienced traders, scalpers, and algorithmic traders who appreciate direct market access, transparency, and tight spreads. However, beginners may find ECN accounts slightly more complex, especially if they are not prepared for variable spreads and commission structures.

STP (Straight Through Processing) Brokers

STP (Straight Through Processing) brokers act as intermediaries that send your orders directly to their liquidity providers—banks, hedge funds, or other large brokerages—without a dealing desk in-house.

How They Work

• STP brokers pool liquidity from multiple providers to offer competitive spreads to their clients.
• Similar to ECN brokers, they earn either through a markup on the spread or a small commission per trade, though STP markups are more common.

Pros

• Fewer Conflicts of Interest: Orders are routed externally rather than matched internally.
• Potentially Better Execution: STP brokers can provide quick execution times, making them suitable for day traders and scalpers.
• Competitive Spreads: Because STP brokers source quotes from multiple liquidity providers, spreads can be quite competitive.

Cons

• Variable Spreads: Like ECN brokers, STP spreads can widen during low-liquidity periods or volatile market conditions.
• Less Transparent Pricing Compared to ECN: Although STP brokers receive quotes from liquidity providers, they sometimes add hidden markups.

For traders who seek a balance between the ease of a Market Maker and the direct market access of an ECN, STP brokers can be a compelling option. They often cater to a broad range of traders, from beginners to professionals.

DMA (Direct Market Access) Brokers

Direct Market Access (DMA) brokers enable traders to place orders directly into the order book of an exchange or a liquidity provider. While often associated with equity and futures markets, DMA functionality also applies to Forex trading under certain brokerage structures.

How They Work

• DMA brokers offer a transparent view of market depth (Level 2 or Level 3 data), showing real-time bids and offers from various participants.
• Trades bypass any internal dealing desk and go straight to the liquidity venue.

Pros

• Full Transparency: Traders can see the order book depth and decide at which price levels they want to execute.
• Potentially Better Pricing: By interacting directly with the market, traders may achieve better pricing and lower slippage.
• Ideal for Professional Traders: DMA is favored by advanced traders who need granular control.

Cons

• Higher Complexity: Beginners may find DMA platforms complex and overwhelming.
• Possible Higher Capital Requirements: DMA accounts can require significant minimum deposits.
• Platform Fees: Some DMA brokers charge additional platform or market data fees.

DMA is generally best suited for professional traders, institutional clients, or highly active retail traders who require the utmost transparency and control over their executions.

Hybrid Brokers

Hybrid brokers combine multiple models (like Market Maker and STP, or STP and ECN) under one roof. They might route certain orders through their dealing desk if the order size is small, while larger or more sophisticated orders may go straight to their liquidity providers.

How They Work

• A hybrid broker can offer different account types—some structured as Market Maker accounts with fixed spreads, others as ECN/STP accounts with raw spreads plus commissions.
• They manage order flow based on internal policies, sometimes analyzing the profitability of client orders before deciding how to execute them.

Pros

• Flexibility: Traders can choose from multiple account types and fee structures depending on their needs.
• Scalability: Hybrid brokers often allow traders to upgrade accounts as they gain experience or increase trading volume.

Cons

• Lack of Transparency: It might be unclear which trades go to the market and which stay in-house.
• Potential Conflicts of Interest: Some trades may be handled via a dealing desk, which can be concerning for transparency-focused traders.

Hybrid brokers aim to cater to a wide array of traders, from newbies requiring fixed spreads and simple setups to experts seeking raw spreads and direct execution.

5. Key Factors to Consider When Choosing a Forex Broker

Selecting the right broker involves more than just picking a known brand. You should conduct thorough due diligence on various elements, from regulation to customer service. Below are the key factors you should prioritize when evaluating any Forex broker.

5.1 Regulation and Licensing

Regulation is arguably the most crucial factor when choosing a Forex broker. Different countries have different regulatory bodies, each with varying degrees of oversight and protection for traders.

Major Regulatory Authorities

• U.S. – The National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC)
• U.K. – The Financial Conduct Authority (FCA)
• Australia – The Australian Securities and Investments Commission (ASIC)
• Cyprus – The Cyprus Securities and Exchange Commission (CySEC)
• Japan – The Financial Services Agency (FSA)

Regulated brokers must adhere to strict guidelines, including maintaining sufficient capital reserves, segregating client funds, and reporting regularly. This compliance helps ensure the broker can honor withdrawal requests and reduces the risk of fraud.

Red Flags of Poor or Non-Existent Regulation

• Operating from “Offshore” Jurisdictions – Some brokers choose loosely regulated jurisdictions to evade strict financial scrutiny.
• Lack of Licensing Information – Brokers that do not display their license numbers or regulatory bodies on their websites might be hiding something.
• No Independent Audit Reports – Reputable brokers often undergo external audits to validate their financial stability.

Tip: Always verify a broker’s license on the official website of the regulatory body. Do not rely solely on a broker’s claims or marketing materials.

5.2 Trading Platforms and Tools

The trading platform is your gateway to the Forex market. A well-designed, stable platform can significantly enhance your trading experience, while a glitch-prone platform can cause lost opportunities or unexpected losses.

Commonly Used Platforms

1. MetaTrader 4 (MT4) – Known for its user-friendly interface, charting tools, Expert Advisors (EAs), and wide broker support.
2. MetaTrader 5 (MT5) – Similar to MT4 but with more asset classes (stocks, futures, etc.), advanced charting, and order management features.
3. cTrader – Popular among ECN/STP traders for its depth of market (DOM) features and clean interface.
4. Proprietary Platforms – Some brokers have their own proprietary platforms, which may offer unique features or advanced functionalities.

Key Platform Features to Evaluate

• Stability and Reliability – How often does the platform crash or freeze? Stability is paramount, particularly in volatile markets.
• Charting and Technical Analysis Tools – Are there enough technical indicators and drawing tools to support your trading strategy?
• Order Types – Does the platform allow different order types (market, limit, stop-limit, etc.) and advanced functionalities like trailing stops?
• Algorithmic Trading – If you’re interested in automated trading, check if the platform supports Expert Advisors (EAs) or similar automation features.
• Mobile Compatibility – For traders on the go, mobile apps should be user-friendly and stable.

A broker that offers multiple platform options might be more flexible and cater to a broader range of traders.

5.3 Spreads, Commissions, and Other Fees

Fees eat into your profits, so understanding the cost structure is crucial. Forex brokers typically earn money through spreads, commissions, or a combination of both.

Types of Fee Structures

1. Spread-Only Model – Many Market Makers or STP brokers quote a spread (the difference between the bid and ask price). This spread could be fixed or variable.
2. Raw Spread + Commission Model – ECN brokers often provide very tight spreads but charge a commission per lot traded.
3. Hybrid Model – Some brokers charge both a small markup on the spread plus a commission.

Other Possible Fees

• Overnight Swap Fees (Rollover Fees) – If you hold positions overnight, you might incur or earn interest based on the currency pair’s interest rate differential.
• Deposit and Withdrawal Fees – Some brokers charge for deposits or withdrawals via certain payment methods.
• Inactivity Fees – If you do not trade for a certain period, the broker may charge an inactivity fee.
• Account Maintenance Fees – Less common in Forex but still possible with some brokers.

Tip: Calculate your potential monthly or yearly costs by factoring in your expected trade volume, spreads, commissions, and swap rates. Even small differences in spreads can amount to significant costs over time if you trade frequently.

5.4 Leverage and Margin

Leverage is a double-edged sword. While high leverage allows you to magnify profits on relatively small moves in currency prices, it also increases your downside risk. Brokers can offer varying leverage ratios depending on their regulatory constraints and internal policies.

• High Leverage (e.g., 1:500, 1:1000) – Attractive for high-risk, high-reward strategies. However, it also puts you at risk of losing money quickly if the market moves against you.
• Moderate Leverage (e.g., 1:50, 1:100) – Commonly available in strictly regulated regions (like the U.S.). Provides a balance between potential returns and risk.

Margin Calls and Stop-Out Levels

• Margin Call – Occurs when your account equity drops below the broker’s required margin level. The broker may require you to deposit more funds.
• Stop-Out Level – If your account continues to lose value, positions may be automatically closed to prevent the account from going negative.

Tip: Always manage leverage wisely. A responsible approach is to use lower leverage until you gain experience and have a solid risk management strategy in place.

5.5 Deposit and Withdrawal Options

Ease of depositing and withdrawing funds can significantly impact your trading experience. Look for brokers that offer a variety of payment methods and process requests efficiently.

Common Payment Methods

• Bank Wire Transfer – Secure but can be slow (up to several business days).
• Credit/Debit Cards – Faster processing, usually instant deposits; fees may apply.
• E-Wallets (PayPal, Skrill, Neteller) – Often instant, but some brokers may add fees.
• Cryptocurrencies – An emerging option for instant deposits/withdrawals, though not universally supported.

Processing Times

• Deposits – Typically instant with credit/debit cards or e-wallets, while bank wires might take a few days.
• Withdrawals – Can take anywhere from a few hours (for e-wallets) to several business days (for bank wires).

Tip: Check the broker’s withdrawal rules. Some brokers require you to withdraw via the same method you used to deposit, while others restrict certain methods based on regional regulations.

5.6 Customer Service and Support

Reliable customer service can be a lifesaver, especially when dealing with urgent issues like platform malfunctions, withdrawal delays, or account verification. The quality of support is one differentiator between top-tier and mediocre brokers.

Key Points to Assess

• Availability – Is customer service available 24/5 or 24/7?
• Channels: Live chat, email, phone, messaging apps like WhatsApp or Telegram.
• Language Support – Does the broker offer support in your preferred language?
• Technical Expertise – Are support agents knowledgeable enough to solve your trading-related issues promptly?

Reading online reviews and testing their customer support with a few queries (via live chat or email) before opening an account can give valuable insights into the broker’s responsiveness.

5.7 Educational Resources and Research Tools

Whether you are a novice or an experienced trader, quality educational materials and market research can enhance your trading skills and decision-making.

Types of Educational and Research Offerings

1. Video Tutorials and Webinars – Ideal for visual learners who want to learn about trading strategies, platform usage, or market analysis.
2. Ebooks and Articles – Written content covering various topics from risk management to advanced trading strategies.
3. Interactive Courses – Some brokers partner with professional traders or educators to offer structured courses.
4. Market Analysis and Economic Calendars – Fundamental analysis tools that highlight upcoming economic events, market news, and trading signals.

Brokers that invest in educational resources often demonstrate a commitment to client success. This can be especially valuable for beginners seeking a supportive learning environment.

5.8 Bonus Features (Copy Trading, Social Trading, etc.)

In today’s competitive market, many brokers provide value-added features to stand out. These can include:

• Copy Trading – Allows you to automatically replicate trades of successful traders.
• Social Trading – Enables interaction with other traders, sharing strategies, and market insights in a social media-like platform.
• VPS Hosting – For algorithmic traders running Expert Advisors 24/7, a Virtual Private Server (VPS) can ensure uninterrupted connectivity.
• Trading Signals and Automated Systems – Some brokers offer proprietary signals or partner with third-party signal providers.

If these features are important to you, make sure to check a broker’s offerings and whether they align with your trading style.

6. Steps to Evaluate a Forex Broker

Selecting a suitable broker is a multi-step process that requires a systematic approach:

1. Identify Your Trading Needs – Determine your objectives, preferred trading style, risk tolerance, and desired features (e.g., scalping, copy trading).
2. Shortlist Reputable Brokers – Focus on brokers with robust regulation, good track records, and positive user reviews.
3. Examine Fee Structures – Compare spreads, commissions, swaps, and other charges.
4. Test Trading Platforms – Open demo accounts (if available) to evaluate platform stability, charting tools, and ease of use.
5. Assess Customer Support – Reach out to the broker’s support team to gauge response times and professionalism.
6. Review Terms and Conditions – Carefully read the broker’s policies on deposits, withdrawals, inactivity, bonuses, and more.
7. Start Small – Open a live account with a minimal deposit to test execution, slippage, and overall reliability. If satisfied, consider scaling up.

Performing each step thoroughly increases your chances of finding a reliable broker that meets your trading needs.

7. How to Test a Forex Broker

Once you have narrowed down your broker choices, conducting a thorough test can provide valuable insights:

1. Open a Demo Account – This allows you to test the platform’s features without risking real money. Pay attention to execution speeds, charting tools, and ease of navigation.
2. Check Execution on a Small Live Account – Demo environments might differ from real-market conditions. Testing with a small live account reveals true spreads, slippage, and trade execution times.
3. Monitor Spreads During News Events – Spreads can widen during high-volatility periods. Observe how the broker handles these conditions.
4. Observe Platform Stability – Check for crashes, freezes, or disconnections, especially during busy market hours.
5. Initiate Deposits and Withdrawals – Ensure the broker processes transactions quickly and without hidden fees.
6. Contact Customer Support – Try various methods (live chat, phone, email) to test responsiveness and problem-solving skills.

By performing these checks, you can confirm whether the broker meets your expectations in real-world trading environments.

8. Common Mistakes When Choosing a Forex Broker

1. Ignoring Regulation – Trading with an unregulated broker to chase high leverage or sign-up bonuses can be risky.
2. Focusing Solely on Spreads – While spreads are important, factors like execution quality, customer service, and platform stability are equally crucial.
3. Skipping the Fine Print – Overlooking hidden fees, margin requirements, or withdrawal policies can lead to unpleasant surprises.
4. Not Considering Your Trading Style – A broker that prohibits scalping is unsuitable for scalpers, for instance.
5. Overlooking Customer Support – Inadequate support can be frustrating when technical or account issues arise.
6. Failing to Test with a Live Account – Conditions in a demo account can differ, so always test with a small live account before committing significant funds.

Avoid these pitfalls by doing your due diligence and remaining mindful of your specific trading needs and preferences.

9. Examples of How Different Broker Types Suit Different Traders

Below are some scenarios illustrating how certain broker models or account types fit various trading styles:

Beginner Trader, Small Capital

• Broker Type: Market Maker
• Reasoning: Fixed spreads, lower capital requirements, and often more educational resources.
• Example: John is new to Forex and wants a straightforward platform with minimal surprises. A Market Maker broker that offers a cent or micro account might be ideal.

Scalper or High-Frequency Trader

• Broker Type: ECN or STP
• Reasoning: Tight spreads and fast execution are crucial for high-frequency trading.
• Example: Sarah trades the EUR/USD pair with short time frames, aiming for small profits per trade. She benefits from an ECN broker offering raw spreads and rapid order execution.

Algorithmic Trader

• Broker Type: ECN or DMA
• Reasoning: Direct market access, low latency, and robust platform compatibility (e.g., MetaTrader 5, cTrader) are necessary for automated strategies.
• Example: Alex runs Expert Advisors around the clock. An ECN broker with VPS support and stable servers is essential for seamless trade execution.

Swing Trader Focused on Major Currency Pairs

• Broker Type: STP or Hybrid
• Reasoning: Competitive variable spreads, moderate commission or markup, and flexible leverage.
• Example: Emily holds positions for several days or weeks, so she doesn’t require ultra-tight spreads but values a balance of cost-effectiveness and platform reliability.

Professional Trader Looking for Market Depth

• Broker Type: DMA
• Reasoning: Access to Level 2 or Level 3 market data, complete transparency, and direct market order placement.
• Example: Victor trades large volumes in multiple asset classes. A DMA solution offering advanced market data and deep liquidity is optimal.

These examples highlight the importance of matching your trading goals, strategy, and experience level with the appropriate broker model.

10. Final Thoughts

Choosing the right Forex broker is a crucial decision that affects almost every aspect of your trading journey from order execution and cost to the security of your funds and overall trading experience. By carefully analyzing factors such as regulation, fee structures, platform capabilities, and customer support, you can narrow down your options to a shortlist of brokers that genuinely meet your needs.

Check Out our Forex Broker List

Remember, the Forex market presents significant opportunities but also substantial risks. Being meticulous in your choice of broker is part of responsible trading, ensuring you have a trustworthy partner and a stable environment in which to execute trades. Whether you are a beginner setting up your first account or a professional trader fine-tuning your approach, the broker you pick will play a decisive role in your success.

11. FAQs

Below are some frequently asked questions that can further clarify how to choose the most suitable Forex broker.

Key Takeaways for Successful Broker Selection

• Regulation and Security: Always prioritize brokers regulated by reputable authorities.
• Transparent Fee Structures: Understand all possible costs—spreads, commissions, swaps, withdrawal fees—to avoid hidden charges.
• Platform and Tools: Choose a stable platform that supports your trading style, whether it’s scalping, algorithmic trading, or long-term investing.
• Customer Support: A knowledgeable and responsive support team can be invaluable when issues arise.
• Align with Your Needs: The best broker for you is the one that aligns with your financial goals, trading style, and risk tolerance.

By following the guidelines in this article, performing due diligence, and testing brokers with small live accounts, you will be well-equipped to find a Forex broker that suits your needs whether you’re just starting out or looking to elevate your trading to the next level.

What is Traders With Edge?

Traders With Edge is a project which is on the look for experienced traders. To ensure that a trader has all the qualities the firm looks for, they have developed three types of evaluation courses to match all kinds of traders. These three types of evaluation courses are,

• Turtle
• Hare
• Instant Funding

These Systems are specifically designed to discover talent within a trader. As we all know, the path of a trader is challenging. Turtle Challenge only has one phase, and Hare has a two-phase challenge similar to FTMO. What’s unique about Traders With Edge is their new Instant funding challenge. It doesn’t have any challenges to pass to get a funded account.

The Traders With Edge Trader is eligible to keep up to 80% of your profits. The good news is that the firm covers all losses, if any.

Turtle Challenge Explained

Turtle Challenge only has one phase, so if you complete this without breaking any rules, you will receive a Funded account to trade. Being a one-phase Evaluation procedure, it has tighter rules than Hare two-phase challenge.

The Turtle challenge has tighter rules than the Hare two-phase challenge, where the Profit Target is the same as the other challenges, but it has half the Daily and Max Loss limit. Still, it only has one phase to pass. Being almost half the price of Hare Challange. It’s the cheapest challenge available at Traders With Edge.

This challenge has a duration of 365 calendar days. If the trader has achieved the Profit Target without breaking the rules before 365days. He/she can receive a Funded account to trade without waiting. But keep in mind you need to trade for at least ten days.

Hare Challenge Explained

Hare Challenge has two phases, so you need to complete both phases without breaking any rules. Being a two-phase Evaluation procedure, it has reasonable rules. By meeting these rules, you prove that you are a disciplined and experienced trader. Your trading style is entirely up to you. This challenge is very similar to the FTMO challenge.

Hare Challenge Phase 1 is the initial step of the Evaluation Process. The traders should get through this for the rest of the procedure.

This challenge has a duration of 30 calendar days. If the trader has achieved the Profit Target without breaking the rules or passing 30 days, he/she can proceed to the next phase without waiting.

The second phase is the next and final step of the Evaluation Process. The main reason for having phase two is to test the trading consistency. This stage has a much easier Profit target when compared to phase 1. The profit target will reduce by half, and the trader gets the full 60 calendar days to show their abilities and shine like a star.

Just as in phase 1, the trader doesn’t need to utilize the entire duration of 60 days. As soon as the trader completes the Profit target, He/she can receive a Funded account to trade without waiting. Remember that you must trade for at least ten trading days in both phases.

On both Phase 1 and Phase 2 accounts, if the profit target is not reached within max time, the account is in profit, and no other violations have been incurred, then you will automatically be issued one free retry.

Instant Funding Challenge Explained

What’s unique about this Instant funding challenge is it doesn’t have a challenge or phases to pass to get a funding account. You can start trading on a funded account when you pay a one-time fee.

Compared to the other two challenges, this is the most expensive, starting from 125$. And it has a lower profit share compared to other challenges. But it’s still very reasonable since it doesn’t have an Evaluation Process.

It has two types of accounts called Standard and Aggressive. Different between these two account types is that an aggressive account has a 20% Profit target and 10% Max loss compared to a 10% Profit target and 5% Max loss in a standard account. Also, Aggressive accounts are twice the price of the standard account.

It has an exciting scaling plan. Your trading capital gets upgraded for free if you can profit 10% of your capital without breaching rules. You have 180days to upgrade to the first level; For levels after that, there isn’t any time limit. Remember that you must pass to level 1 before the 180days time limit ends. And same as other challenges, you need to trade for at least five days too.

Customizations

There are also add-ons when purchasing to Customize the rules of these challenges by a bit to make trading easier. Here are the available add-ons

• Increase Max Loss
• Increase Profit Split
• Remove Daily Loss Limit
• Double Leverage
• Hold Over Weekend
• Remove Required Stop Loss
• Change Trailing Max Loss To Static

The technical aspect of Traders With Edge

This System is much more accessible and gives Traders With Edge more freedom and control to actively manage risk. But dear traders, it would help if you were beware of forbidden trading activities. Some trading practices create risk-free, consistent profits or exploit conditions or services. We suggest you refer to the Terms & Conditions of the company for further information on the Forbidden Trading Practices. It is always better to know the ground rules before entering the business.

Who can partner with Traders With Edge?

Traders With Edge invites and accepts traders from all over the world. But the traders from Iran, Syria, and North Korea due to their political backgrounds. All traders should be at least 18 years old to join the firm. If you are an expert and have the know-how to trade profitably and with proper risk management, that is all the firm needs. No other qualifications are required. Sounds pretty interesting.

The Traders With Edge also gives the New traders a chance to use the free demo account to polish their skills before paying the Traders With Edge joining fee and entering a Challenge.

The free trial is an abbreviated version of the Traders With Edge Challenge for you to familiarize yourself with our platforms and trading rules and get a sneak peek of what it’s like trading with Traders With Edge. The trial is also a sandbox where new traders can practice, hone their skills and improve their trading acumen.

Note that the free trial does not provide eligibility to a funded trader account. Traders still need to pass the Traders With Edge Challenges to become funded traders.

• Read More FTMO Review & Breakdown – Is it the BEST Funded Trader Program?

What are the rules of the Traders With Edge challenges?

All accounts are traded on a demo account so Traders With Edge can manage their risk. Your funded account is connected to a real funded account from which you are paid.

To ensure trades can be copied effectively to the real account, we can not tolerate any form of manipulation on any account.

Manipulation includes but is not limited to:

• Tick scalping – constantly opening and closing trades in less than 30 seconds. We realize that sometimes trades are closed instantly for one reason or another, so if there are occasional trades that are opened and closed in less time we won’t close your account.
• Arbitrage.
• Hedging between accounts.
• Delayed or frozen data feeds.
• Unrealistic fills that don’t take into account slippage, where a huge lot size is used and closed within a small number of pips.
• Allowing others to trade your account.
• Copying other’s trades.
• To use a fully automated EA, you require approval from the Traders With Edge risk management team prior to trading.
• Lot size manipulation – can not use one big trade to pass the profit target and then minimum lot size to pass the min days. The lot size deviation can not be more than a factor of 5. Example 1) If your smallest lot size is 1 and the largest is 5 okay. Example 2) If the smallest lot size is 0.10 and the largest is 5, not okay.

Is Traders With Edge a realistic approach?

Those new to the trading industry get this thought in mind. You must be thinking if this is a legit approach or can this happen. As the profit sharing and the benefits offered sound too interesting, could you ignore it? So let us dig into more details on the matter.

The answer to the above concern is Yes. It is legit and realistic. Most people doubt trading companies, as most are legit and perform fraud. If your consistency in profiting is even and moving, there should not be a doubt that you will fail as a trader. Traders With Edge can make a trader a better forex trader, as they force the traders to be moved by the rules of the account like drawdown etc., which causes them only to take high-quality trades.

After you have successfully passed the stage(s) of your challenge, your account will be sent to our risk management team, who will assess the account to ensure there have not been any violations. Once they have reviewed the account, one of three things will happen; The risk team may ask for more information about your trading if there is any grey area about your trading results. You will receive an email with your new login details for your demo account connected to live funds. You will receive an email explaining the violation that has happened. Keep in mind this is only in the case where you have violated a rule that is defined in the terms and conditions that you signed.

Fund transfer and withdrawals.

Now, this is the essential part of our discussion. Almost everyone is interested in knowing how you would receive the funds. Here are some facts that will degenerately help you.

There are no hidden fees with Traders With Edge. The fee for the Traders With Edge Challenge is the only investment you’ll make. There are no recurring monthly fees or No withdrawal fees.

You can withdraw funds to any of the following; PayPal, Wise, BTC, USDT, and Bank Transfer. After you have traded for ten active trading days with a funded account, you can request a withdrawal of profits at any time, but no more frequently than every 14 days.

Hare accounts – you are eligible for a full refund of the fee you paid for your challenge account and your profit split once you have passed the minimum eligible time, which is ten active trading days after placing the first trade on your funded account. The refund and profit split payment will be void if you violate any rules before this time. Turtle accounts are not refundable regardless of whether you pass the challenge; it’s a different financial model. 

Conclusion of Traders With Edge Reviews

Suppose you are looking for a legitimate opportunity to make money; spot on! Here you are with the best firm. It is purely legit, trustworthy, and strictly monitored, so the credibility is high. This is the perfect place if you are a successful and experienced trader. But do not worry. If you are new to the trade, you can still make the best out of it with the trial challenge and polish your skills. I hope the information shared is helpful. Do not worry about wasting your time if you have not yet registered yourself and have the passion for starting up as a trader. It is the best chance for you!

What is FTMO?

FTMO is a project which is on the look for experienced traders. To ensure that a trader has all the qualities the firm looks for, they have developed a 2-step evaluation course. These two steps comprise the FTMO Challenge and the Verification. The System is specifically designed to discover talent within a trader. As we all know, the path of a trader is challenging. Hence, the firm has a strong team and equipment of educational applications, account analysis, and performance coaches to guide the traders. After completing the Challenge successfully, the traders get a placement in the FTMO Proprietary Trading firm. The traders can remotely manage up to 200,000 USD and continuously make the account grow according to our Scaling plan. The FTMO Trader is eligible to keep up to 90% of your profits. The good news is that the firm covers all losses if any.

FTMO User Reviews

The technical aspect of FTMO

After a person is selected as an FTMO Trader, he gets a demo account with virtual funds. An FTMO Account is a fully replicated account with accurate market quotes mentioned from liquidity providers. FTMO can copy the trades at its own choice using combined orders thanks to the proprietary risk management algorithm. Traders are entitled to receive up to 90% of profits generated on the FTMO Account.

This System is much more accessible and gives FTMO more freedom and control to actively manage risk. But dear traders, it would help if you were beware of forbidden trading activities. Some trading practices create risk-free, consistent profits or exploit conditions or services. We suggest you refer to the Terms & Conditions of the company for further information on the Forbidden Trading Practices. It is always better to know the ground rules before entering the business.

Who can partner with FTMO?

FTMO invites and accepts traders from all over the world. But the traders from Iran, Syria, and North Korea due to their political backgrounds. All traders should be at least 18 years old to join the firm. If you are an expert and have the know-how to trade profitably and with proper risk management, that is all the firm needs. No other qualifications are required. Sounds pretty interesting.

What is the FTMO challenge?

The famous Challenge is this crucial feature, which stands between you and a $200 000 funded trading account. Most of you already might be curious to know how this works.

The Challenge only has two simple steps to evaluate your ability to trade. The first stage of the process is the Challenge, and in the second stage, you will get verified.

You will have to take the Challenge, and the verification will bring upon a demo account. The applicant receives all the details after purchasing the Challenge by email. Your client portal displays your account statistics, and you can tack all the aspects of the Challenge until you pass or fail.

Suppose you are thinking about why they have implemented this Challenge and why you have to pay for that; here is the reason! If people get the unlimited opportunity for trials, they can easily win the $200 000 trading account by luck even if they fail many times earlier. This Challenge makes sure that the trading money gets awarded to the most profitable trader instead of a person who will waste the company’s money.

• Read More FTMO.com Funded Account Challenge Explained!

What are the rules of the FTMO challenge?

When you decide and sign in to the FTMO to take up the Challenge, you need to consider a few different options as it’s not just a default challenge.

Step 1 – Challenge

FTMO Challenge is the initial step of the Evaluation Process. The traders should get through this for the rest of the procedure.

Before they allow FTMO Accounts connected to the company’s Proprietary Trading firm, they ensure that the selected traders can trade responsibly and manage risk appropriately. The FTMO Challenge stage has sensible rules, where the Profit Target is in balance with the drawdown, allowing the traders to take. The term used for this is “Trading Objectives.”

Note that the traders don’t need to utilize the entire duration mentioned (30 days). When all the Trading Objectives of the Challenge are met, the potential trader can proceed to the Verification phase. The minimum time given to complete the FTMO Challenge is ten trading days.

Step 2 – Verification

The Verification stage is the next and final step of the Evaluation Process of FTMO.

The main reason for having the Verification stage is to test the trading consistency. The company needs to be sure that the trader can trade his System or strategy profitably in the long run while gathering profits and respecting the rules. This stage has much easier Trading Objectives when compared to the FTMO Challenge stage. The profit target will reduce by half, and the trader gets the full 60 calendar days to show their abilities and shine like a star.

Just as in the FTMO Challenge, the trader doesn’t need to utilize the entire duration of 60 days. As soon as the trader completes all Trading Objectives, FTMO will welcome them as the FTMO Traders. No need to wait any longer! Better give it a shot!

How to choose your Challenge.

Here are a few tips for understanding how to select the Challenge.

Remember, the funding can range between $10,000 and $200,000. The $10,000 challenge is much cheaper to try. It is the best for a beginner who wishes to join trading.

Accounts have a Normal or Aggressive option to select. Essentially aggressive account challenges allow the trader to have more drawdown on the account without losing it. This method extends the maximum drawdown from 10% to 20%.

Until August 2020, FTMO partnered with a range of forex brokers like Blueberry Markets. But afterward, the company removed all third-party retail brokers and started offering their own trading solution, directly linking with the traders. It was considerably faster, cheaper, and better than the majority of best choices in the market, as far as brokers are concerned.

• Read More How to Get Started With FTMO

The Challenge for Swing Traders.

Swing trading helps capture short to medium-term gains in a stock or other financial tools over a few days to several weeks. Swing traders mainly depend on technical analysis to look for trading opportunities.

FTMO now has a Swing challenge where the traders are allowed to hold overnight and over the weekend without requesting permission, which used to be the meta. The leverage is put down to a 1:30 ratio, which is still plenty for swing traders. Previously all swing traders had to work with 5%. It is an excellent move for FTMO. Most of the traders use this service.

FTMO is famous for having a 70% profit split since the beginning of the online prop firm industry. Other competitors in the industry have used this as a model to plan their offerings on this number. FTMO is now offering up to 90% profit share for traders, keeping just 10% of the profits ahead of the trading game. The firm also offers a capital scaling program, meaning you can increase the balance of the funded account by 25% once the trader meets the Criteria well.

Do you believe that this is the most significant profit split in the industry, and it is fascinating to see FTMO continually going above and beyond and smashing the boundaries they have set in this space? So, it is worth joining and trying out the scope of potential you have as a trader.

Is FTMO a realistic approach?

Those new to the trading industry get this thought in mind. You must be thinking if this is a legit approach or can this happen. As the profit sharing and the benefits offered sound too interesting, could you ignore it? so let us dig into more details on the matter

The answer to the above concern is Yes. It is legit and realistic. Most people naturally doubt the trading companies like such as most of them are legit and perform fraud. If your consistency is profiting is even and moving, there should not be a doubt that you will fail as a trader. FTMO can make a trader a better forex trader, as they force the traders to be moved by the rules of the account like drawdown etc., which causes them only to take high-quality trades.

The only real disadvantage of the strict rules is that it is impossible to hold traders over the market weekend close unless the traders use the new swing trader challenge . You can grab trades over the weekend market tight During the legal Challenge without any problem. Once the trader gets funded, by Wednesday night, he must write to FTMO asking for permission to hold over the weekend so that the firm can assess the risk and any hedges needed.

Fund transfer and withdrawals.

Now, this is the essential part of our discussion. Almost everyone is interested in knowing how you would receive the funds. Here are some facts that will degenerately help you.

The traders receive the funds through a monthly profit split. They must invoice FTMO and the money credits to the relevant account via regular bank wire transfer or Skrill. The good news is that FTMO charges zero commissions for withdrawals. The traders receive a withdrawal certificate as proof of payment.

The traders can invoice the prop trading firm as a company or individual. But remember to make sure that you manage your earnings in line with your country’s tax regulations. It is essential to keep in mind. For example, if you’re operating from the UK, you will have to pay tax on earnings above £12,500. It is always best to consult a local tax advisor to ensure compliance with the relevant regulations.

Pros and Cons of FTMO

While evaluating the trading firm, knowing its advantages and disadvantages is always better. Below are some of the commonly discussed points about the firm. We hope this is useful for all the new traders in the field.

Pros

Advantages of opening an FTMO account include:

• The trial challenge is free. You can try it first and then decide if you need to continue or not.
• The trader can keep 90% of the profits.
• Customer support is always available with comprehensive descriptions and guidelines.
• The trader constantly invests with FTMO funds, not the per
• Tutorials, webinars, Q&As, and discounts on partners’ educational websites are always available for help.
• If you are a profitable trader, you can increase their capital by 25% every four months with the scaling plan.

Cons

Disadvantages of the prop trading firm’s offering include:

• The traders can only earn when they get to the professional account. Unlike the other competitor firms, FTMO very strictly monitors all procedures.
• Less initial capital volume is involved.
• No holding over the weekend unless the trader gets prior permission.
• Security and reliability

FTMO does not fall into the category of a broker, so it’s unregulated. The company follows a complete two-step evaluation system with a low pass rate. That shows that the procedures are strict. It makes sure that only capable traders can reach professional status. The FTMO also gives the New traders a chance to use the free demo account to polish their skills before paying the FTMO joining fee and entering the Challenge.

FAQs on FTMO

Below are some of the frequently asked questions about the FTMO process. We hope this will help sort out the newly joined traders’ queries.

Conclusion of FTMO Review

Suppose you are looking for a legitimate opportunity to make money; spot on! Here you are with the best firm. It is purely legit, trustworthy, and strictly monitored, so the credibility is high. If you are a successful and experienced trader, this is the perfect place. But do not worry. If you are new to the trade, you can still make the best out of it with the demo challenge and polish your skills. I hope the information shared is helpful. Do not worry about wasting your time if you have not yet registered yourself and have the passion for starting up as a trader. It is the best chance for you!

Thanks To a large selection of Brokers, Choosing the right broker is very Difficult. With over nine years of experience in the financial market, I narrowed down the broker list so anyone can find the right broker for you easily

• Checkout Our New Broker Listing Page – HERE

Broker	Acount Type	Min Deposit	Spread From	Max Leverage	Commissions	Platform
	Standard Cent Pro Zero Raw Spread	10$ 10$ 200$ 200$ 200$	0.3 0.3 0.1 0 0	1:2000	0$ Per Lot 0$ Per Lot 0$ Per Lot 7$ Per Lot 7$ Per Lot	MT4/MT5	Register Restricted in Australia, Canada,Cyprus, UK, USA,Ireland, Malaysia,New Zealand
	DIRECT STP PRIME ECN	50$ 200$	1.2 0	1:1000 1:1000	0$ Per Lot 3$ Per Lot	MT4 MT5 PRO Trader	Register Restricted in USA, Canada, UK, Italy, Russia, Japan, Singapore, Spain, Iran, Australia
	CLASSIC ECN	50$ 50$	1.8 0	1:1000 1:1000	0$ Per Lot 10$ Per Lot	MT4 MT5	Register Restricted in USA, EEA countries, Israel, Russia, Japan
	Micro Silver Gold Raw Platinum VIP	50$ 300$ 300$ 10000$	0.7 0.7 0 0	1:2000 1:500 1:500 1:400	0$ Per Lot 0$ Per Lot 4$ Per Lot 2$ Per Lot	MT4/MT5	Register Recommended for USA Traders
	ECN Standard ECN Prime ECN Institutional	0$ 2000$ 20000$	0.8 0.1 0	1:500 1:500 1:500	0$ Per Lot 3$ Per Lot 2$ Per Lot	MT4/MT5 Trading View	Register Restricted in USA, Canada, Nigeria, Iran, Vietnam, Turkey, Russia, Saudi Arabia
	CTRADER RAW Raw Spread  Standard Islamic	200$	0.0 0.0 1.0 0.0	1:500	6$ Per Lot 7$ Per Lot 0$ Per Lot 10$ Per Lot	cTrader MT4/MT5 MT4/MT5 MT4/MT5	Register Restricted in USA
	Micro(Cent) Standard XM Ultra Low XM Zero	5$ 5$ 5$ 5$	1 1 0.6 0	1:888 1:30(EU)	0$ Per Lot 0$ Per Lot 0$ Per Lot 3.5$ Per Lot	MT4/MT5	Register Restricted in USA, Canada, Israel,New Zeland. XM Zero and XM Ultra Low Accounts are not available to all the entities of XM Group.
	Cent Micro Standard Zero Spread ECN	1$ 5$ 100$ 500$ 1000$	1 3 0.5 0.1 0.1	1:1000 1:3000 1:3000 1:3000 1:500	0$ Per Lot 0$ Per Lot 0$ Per Lot 20$ Per Lot 6$ Per Lot	MT4/MT5	Register Restricted in USA, EU, UK, Israel, Iran, Myanmar
	Cent Standard ECN Zero ECN ECN Pro	10$ 100$ 200$ 500$ 25000$	1.5 1.3 1.5 0.1 0	1:1000 1:2000 1:2000 1:2000 1:200	0$ Per Lot 0$ Per Lot 0$ Per Lot 8$ Per Lot 0$ Per Lot	MT4 MT4/MT5 MT4/MT5 MT4/MT5 MT4/MT5	Register Restricted in USA, Canada,Japan, China

In comparison to countless other comparison sites, we present you with the safest providers for traders’ best conditions. As a trader with many years of experience, I have worked with all Forex Brokers above and still use some of them.

A right provider should have specific characteristics that guarantee fair and safe investing. It is common to hear of fraud on the Internet. So I avoided those brokers in this comparison. Also, the security of customer money is of high priority.

• Read More How to Choose a Forex Broker – A Complete Guide for Beginners and Pros

How to get a Forex VPS for free?

1. Sign Up with FBS Broker
2. Deposit $450+ and trade 3 lots within the first month of use.
3. Continue using the VPS for free, provided that you trade at least 3 lots (1 lot on a Cent account = 0.01 standard lot) each month.
4. Keep in mind that when you trade Stocks (available only in MetaTrader5), 1 lot= 0.1 standard lot. Consider it when you fulfill the bonus conditions.
5. Request the service by clicking the Setup VPS button.

Important notice

• If you don’t trade 3+ lots, FBS will charge you $33 for the next month. The fee is deducted from the account specified at the server setup. If this account has insufficient funds, FBS reserves the right to withdraw $33 from your other existing account.
• The service is disabled when no funds are available on all your accounts and the trading volume condition is not fulfilled.
• If you activated VPS once and then happen to cancel it, to reactivate VPS, you have to deposit $450+ again.

How to cancel a promotion?

You can cancel the service anytime by clicking the Cancel server button on the VPS page in the Personal area. If you stop using the VPS, the fee for the remainder of the month is not recalculated.

Read More : Price Action Scalper-[Cost $3000]- For FREE

Forex No Deposit Bonus

A $30 trading no deposit bonus is the most trending promotion introduced by Forex to you. There are many reasons for this to be trending. There is no doubt that this would be a good chance for you to start working with XM.

The $30 trading bonus does not ask you for an initial deposit. Yes! Forex No deposit bonus is the most significant benefit of this promotion.

They automatically create your account when you register with them.

Clients registered under the EU-regulated entity of the Group are not eligible for the bonus.

And the best thing is that you could earn all your profit and withdraw that profit.
And you receive a bonus on non – withdrawals.

Don’t you find it excellent?

Let’s talk more about this. But before that, you should know about XM.

Who is XM?

XM Group (XM) is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited was established in 2017 and is regulated by the International Financial Services Commission (000261/158).

They have 450 plus financial experts working with them to serve you and more than 3,500,000 clients who get their service. They can handle you in many languages, and they work with traders from 196 countries in the world. They provide 24/5 personal customer care service with 16 full feature trading platforms. They have the aids to do with the customers from different social, cultural, and economic backgrounds, and their management has visited more than 120 countries to assist their clients. You would get their assistance to reach the global financial market. The number of completed trades by XM exceeds 2.4 Billion.

Why should you choose XM over others?

They are a Human Company. They value every requirement of their customers. For that, they are going to meet the customers face to face to serve them. They organize and host seminars throughout the world to find and guide the traders in making related financial decisions.

So, they know that they receive higher client retention.

As they mentioned, their success is your satisfaction. XM does everything they can do to satisfy their customers and to win their loyalty.

They update their knowledge and ideas with the upgrading technology. It is easier for them to support you when they are up to date with new trends. Above them all, what they consider is your requirement, and they are ready to assist you per your requirement with their knowledge. They guarantee you that they work to achieve the best client performance on the platforms they use.

Read More : How To Choose A Good Forex Broker

Humanitarian Actions of XM

Their mission and vision explain their intention to make a positive difference in their clients’ lives without depending on culture, ethnicity, or nationality. XM treats everyone the same. They drive the individuals to develop their skills and abilities while working collaboratively with locally and internationally active foundations on humanity.

Moreover, this organization has done many human missions to support the needed people all over the world. Recently, they donated to the Malaysian Federation of the deaf to keep them in medical supplies. Before that, they could help poor people in Latin America by offering them food. These are only a few humanitarian activities done by them. You can find many details on this by visiting the web page Visit.

Their Promotions

They have introduced some fantastic promotions along with Forex. It includes the No deposit Bonus that we talk about here. You can find them when you visit here: XM promotions.

• Clients registered under the EU-regulated entity of the Group are not eligible for the bonus.

The Trading Bonus

This $30 trading bonus is an excellent opportunity for you to know the quality of working in the real trading field without any risk. As we mentioned above, you can withdraw all your profit. But remember that you are going to get a bonus on non – withdrawals. There is no need of depositing a single amount of your money to receive this bonus. Get this as an opportunity. They give this chance for all the new traders to join XM. You are open to apply for the promotion when you launch an XM Real Trading account for the first time. You have a 30 day period to trade in this promotion, and you can claim your bonus on day 30.

How to Claim the Bonus?

You have to follow only a few easy steps to join the promotion.

First, open a real account in XM.

For that, visit Open New Account.
You only need 2 minutes to complete your registration. Use the English alphabet to complete the form.
You have to use your first name and surname to fill the form since we will display them in your identity document.

Then you will start receiving emails from site@xm.com.

Remember not to mark this email as spam because XM does all the communications via emails. So now you can start trading.

To claim the bonus,

Log in to the Members Area by using the credentials received for your email.
Validate your account by providing the relevant documents to identify.

Click on “Claim Your Bonus“
Receive the bonus by completing the voice verification according to the on-screen instructions.

Contact XM if you need Support.
You can immediately contact XM if you get any problems regarding XM trades.
Visit their FAQ page to find a solution to any common problem you get.

They use emails to communicate with you.
Their address is,
Suite 404, The Matalon, Coney Drive, Belize City, Belize. 
For online Support, Live Chat with them via,
support@xm.com
Phone number,
+501 223-6696

For Complaints
You can contact the customer care department or your client relations manager to convey any complaint regarding any dissatisfaction.
If they could not solve your issue, please submit your complaint to the Compliance Department.

So we invite you to join XM and get this fantastic chance to trade with them. The time and effort you lay on Forex no deposit bonus would make you satisfied indeed. Your satisfaction is their success.

Orbex provides direct market access to more than 120 trading instruments via the award-winning Orbex MT4 trading platform such as:

• Currency pairs 
• Stock CFDs 
• Energies 
• Indices 
• Precious metals 

Orbex offers competitive conditions as no commissions on the Fixed and Classic Accounts, both fixed and variable, spreads as low as zero pips and leverage up to 1:500. Traders have their accounts secured via Negative balance protection on all accounts, access to Tier-1 banks and reliable global liquidity providers, and lightning-fast execution that gives the traders an advantage over their peers.  

Other possibilities include

• Hedging 
• Scalping 
• EAs 
• Swap-free Islamic accounts 
• Free VPS Service 
• Orbex strategizer 
• Trading Central, exclusive market analytics and signals

There are various payment methods available through the Orbex platform, including bank wires, credit cards, and a wide choice of eWallets such as Skrill, Neteller, Web Money, and FasaPay. Instant and easy withdrawals are accessible in the MYORBEX and PARTNERS areas at any time.

Orbex motto, “Serving traders responsibly,” embodies the company’s philosophy promoting knowledge and education as an essential part throughout the trader’s journey. The company
publishes the most comprehensive market and geopolitical analyses, and grants access, for free, to an extensive library of: 

• Webinars 
• E-books 
• Podcasts 
• Orbex Web TV 
• Infographics 
• Fundamental and technical analysis 
• Updates sent directly to their mobile device via Telegram 

In under a decade, Orbex received worldwide recognition and has been given 14 worldwide awards. Most recent achievements are Best Forex Broker 2020 Europe and Best Forex Broker 2020 MENA by the prestigious Global Banking&Finance Review. This is the second award in the category of “Best Forex Broker” after the award Best Forex Broker 2019 as part of Global Business Outlook’s annual award program.

Welcome Account

Experience one of the best trading environments in the industry risk-free with our Free forex Welcome bonus 30$ Account.

$30

A special welcome to the World of Trading
and our superior services

Jump-start an exciting trading journey with Tickmill and explore our world-class services with the free Forex welcome bonus $30 Account.

New clients have the opportunity to trade with free trading funds, without having to make a deposit. The Welcome Account is very easy to open and the profit earned is yours to keep.

Enjoy a seamless trading experience with lightning-fast execution, while getting access to award-winning trading tools and resources.

Your Perfect start
with Tickmill

• FREE – No need to deposit funds
• NO RISK – No risk of losing your money
• PROFITABLE – Profits earned can be withdrawn

Note: Existing Clients are not eligible to apply for a free Forex welcome bonus $30 Account and will be disqualified. T&Cs apply.

Another Free Forex 100$ Bonus : Visit

Leverage

One of the main benefits of trading currencies is that the tremendous amount of leverage even small-time traders are allowed. Typical leverage is 100:1, meaning for every $1 in your forex broker account, you can control up to $100 in currencies. A 1,000$ would allow you to manage $100,000 of currency, so if the currency price went up by 1%, That’s a $1,000 you would double your money! But if the currency price went down by just 1%, you would lose all $1,000 of your investment. But What if the currency went down by 2%? Theoretically, you would lose $2,000. More than what you have in your account, but in reality, a brokerage will generally step in and prevent this kind of loss.

Your main decision is to decide what level of leverage you need. Leverage is given based on credit-worthiness, so if your credit report is pretty low, you might want to pursue Higher Leverage like 1:500. Which still gives you a lot of room to profit but limits your risk. Also, some country have limited Max leverage like UK that has a Max Leverage of 1:30 (But There is Still brokers let u use higher leverage)

Spreads And Commission

When opening a trade, FOR EVERY TRANSACTION, the broker charges a commission. This is calculated at the opening time of the trade, no matter how long it is being kept open, it will charge from your account. After all, Forex broker are not running a charity, and for the services they provide, they charge for a fee. But Most Forex broker gives you the ability to skip commission by giving higher spread. Choosing Commission or lower spread depends on your trading style Ex: For Scalper or Scalping EA, the Lower spread is highly recommended.

Forex currency pairs have a bid/ask spread, meaning a market maker can pay less for a currency than he’s willing to sell it for. These spreads are extremely small, but when they add up over time, it is going to be costly.

Not every brokerage has an equivalent spreads, so it’s essential to review the standard Different between the bid and ask prices before selecting a broker

Other Considerations

First and foremost, among all other considerations are the currency pairs that a given brokerage deals. For example, if you would like to perform a CHF/JPY, you’ll be got to find a brokerage that gives that currency pair. Virtually every forex brokerage deals in the main currency pairs, Like the USD vs. each of the following currencies: EUR, GBP, AUD, NZD, CAD, CHF, and the JPY. but most of the brokers deal in a lot of “cross-currency” pair

Finally, it’s essential to deal with a reputable broker. Currency trading is far less regulated than most other financial markets, and there are many fly-by-night companies in the business. Be sure to investigate the company before sending them a check for a few thousand dollars. It will be time well spent. But You Don’t have to worry about that we did the most of the work and narrow down the best brokers for you.

• Read More Best Forex Brokers