Currency Trading for Beginners: Top Ten Forex Brokers

Top Ten Forex Brokers List

The top ten forex brokers list is made up of all relevant information from the website for each broker listed. Typical spread values ​​are shown as opposed to minimum spread as this is a more accurate representation of what the typical trader will have to pay. All spread values ​​are variable and based on recent trade activity for each broker. Typical spread has differing values ​​depending on which currency pair or financial product is being traded so numbers given are based on major currency pairs or "majors" if not specified otherwise. The majors are EUR / USD, USD / JPY, GBP / USD, AUD / USD, USD / CHF, and USD / CAD. It is important to note when looking at maximum leverage amounts that USA only allows up to 50: 1 leverage and Japan up to 25: 1 leverage.

    • Office Locations : United States, United Kingdom, Australia, Hong Kong, Japan, and South Korea
    • Spread : 1.2 – 2 pips on majors, 35 on gold (XAU / USD) and 3.6 on silver (XAG / USD)
    • Commission : No
    • Minimum Deposit Required : Resident of USA $ 500, CA $ 1000, AU $ 300, UK £ 250
    • Minimum Trade : 1,000 units (micro lot), 1 unit (oz) of gold, 50 units (oz) of silver
    • Maximum Leverage : 50: 1 on major currency pairs, 20: 1 on minor pairs, and 1: 1 on metals
    • Number of Pairs Traded : 49 currency pairs with gold and silver
    • Trading Platform : MT4, ForexTrader Pro (50 pairs with gold and silver, Minimum trade 10,000 units (mini lot))
    • Mobile Trading…

Source by Dave Woodhouse

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