Forex Brokers Guide 2017-12-05T04:25:11+00:00

Guide to Forex Brokers

Forex Brokers for your trading location

One of the first things you will want to do is get a trading platform up and running so you can observe the markets and get accustomed to using the platforms. Here at Traders4Traders we use MetaTrader MT4 as our preferred platform. This is the most common trading platform and is used by millions of traders worldwide.

You should choose a broker that services your location on the globe.

*You should note we do not take a commission from any brokers. This is very common throughout the educational industry. We have decided to pass this offering from the broker onto you our clients that will come in the form of discounts and even paying for your monthly Traders4Traders fees. This is currently under negotiation.

Forex Brokers servicing your region of the world

Forex Brokers

COMPANY INFO

Regulated by: CFTC
Headquarters: USA

TRADING FEATURES

Max Leverage: 50:1
Minimum Deposit: USD$2500
Trading Platform: MT4

Overview

Forex.com is currently one of the largest online brokers that services the U.S online retail trading sector. The trading platform is owned and managed by a holding company known as GAIN Capital. Highly regarded by many traders for their integrity, Forex.com is definitely one of the better online forex brokers for traders to partner with.

Founded in 1999, Forex.com has over 16 years of experience of providing trading services to retail traders. In addition, the holding company GAIN Capital Holding Inc which is listed on the New York Stock Exchange (ticker symbol GCAP) is well capitalized with a total asset value of $1.397 billion. Their total customer equity as of 31st March 2016 is $876 million. With available cash and liquid assets holding amounting close to $200 million, traders at Forex.com never have to worry about their broker facing a liquidity problem.

Under the oversight of the FCA, brokers like Forex.com are required to release regular financial reports and conduct annual audits for an independent auditor.

Forex.com is also regulated in several other jurisdictions by several other regulatory agencies.

Trading Account Avg EUR Spread & Comm Maximum Leverage Trading Platforms
Standard Account 1.7 - No Commission 75:1 MT4, Web, Mobile

COMPANY INFO

Regulated by: CySEC, FCA
Headquarters: UK

TRADING FEATURES

Max Leverage: 500:1
Minimum Deposit: USD$100
Trading Platform: MT4

Overview

With a track record of nearly 10 years, FxPro is recognized as one of the leading online forex trading platforms around. As such, there is very little doubt about the reliability of their services. For the benefit of those who are unfamiliar with this broker, FxPro is a Financial Conduct Authority (FCA) and Cyprus Security Exchange Commission (CYSEC) regulated broker. The company was founded in 2006 by a group headed by Denis Sukhotin with an extensive background in the financial industry. Prior to FxPro, Denis Sukhotin was the head of the Russian equity desk at Severis, and Athienitis Financial Services Ltd, one of the largest investment houses in Cyprus.

Trading Account Avg EUR Spread & Comm Maximum Leverage Trading Platforms
Instant Execution 1.7 - No Commission 500:1 MT4, Mobile
Market Execution 1.4 - No Commission 500:1 MT4, Mobile

ThinkMarkets - Forex Brokers

COMPANY INFO

Regulated by: ASIC
Headquarters: Australia

TRADING FEATURES

Max Leverage: 500:1
Minimum Deposit: USD$250
Trading Platform: MT4

Overview

One of the few established forex broker that is based in Australia, ThinkForex is highly regarded by many of the retail forex traders are based in Oceania and South East Asia. Since setting up shop in 2010, they have managed to earn a reputation as a professional and reliable broker. The fact that they are regulated by the Australian Securities and Investments Commission (ASIC) under the Australian Financial Services Licence (AFSL) number 424700 also helps to alleviate many of the concerns which traders may have about an offshore broker. Realizing the importance of regulations, ThinkForex continuously endeavour to expand the number of jurisdictions that they are being regulated in.

Trading Account Avg EUR Spread & Comm Maximum Leverage Trading Platforms
Standard Account 1.6 - No Commission 500:1 MT4, Web, Mobile
Pro Account 0.4 - $5/ lot traded frt 500:1 MT4, Web, Mobile

COMPANY INFO

Regulated by: ASIC
Headquarters: Australia

TRADING FEATURES

Max Leverage: 500:1
Minimum Deposit: USD$250
Trading Platform: MT4

Overview

Mt.Cook has recently opened an ASIC Licensed Division in Australia specifically to service the requirements of a growing retail client base, while still offering a True ECN environment to trade on. This is an excellent option for the every-day trader. They are regulated by the Australian Securities and Investments Commission (ASIC) & holds a Principal’s License for Dealing in Securities & Derivatives in Vanuatu (VFSC Company #: 30220). Realizing the importance of regulations, Mt. Cook continuously endeavour to expand the number of jurisdictions that they are being regulated in.

Trading Account Avg EUR Spread & Comm Maximum Leverage Trading Platforms
DMA Account 0.4 - $6.5/ lot traded frt 500:1 MT4, Web, Mobile

Regulations require that US residents open accounts with a CFTC regulated broker. Traders 4 Traders suggests that US resident clients open their accounts through Ambassador Capital Management, LLC (d/b/a Forest Park FX), a registered introducing broker that offers cash back rebates with Oanda US and Forex.com US.. Forest Park FX is a registered with the CFTC and is a member of the NFA. Traders4Traders does not receive any compensation from Forest Park FX.