The table below allows you to compare currency trading brokers based on broker type, account minimums and more. Click the review button to read an in-depth review, including company information, trading platforms and account types.
Forex Broker Description
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eToro social trading (Openbook) enables you to find and copy top performing traders found on the eToro social network. [Read more..]
XM offers 888:1 leverage, free forex signals, free $30 no deposit bonus, real accounts from $5, no requotes, micro and standard lots. [Read more..]
Forex Broker Types
STP Forex Broker:STP Straight Through Processing brokers employ a no dealing desk (NDD) model. As a result, they never trade against their clients. Instead, they route all client orders directly to the interbank market.
ECN Forex Broker:ECN stands for Electronic Communication Network. An ECN broker earns its revenue from charging a commission per trade side. They do not make any revenue through the bid/ask spread or profiting directly from its clients' losses.
Market Makers (MM): MM employ a dealing desk (DD) model profiting from its clients' losses and through the bid/ask spread. Market makers doesn't offer STP or ECN order execution.
Why Do I Need A Forex Broker?
Forex brokers are an intermediary between currency traders and the interbank that match up buyers and sellers in the market. They connect you to the forex market itself. As a result, if you want to trade currencies, you're going to need a forex broker.
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The broker directory includes STP brokers, STP/ECN brokers, Metatrader 4 ECN brokers, low spread brokers, scalping brokers, high leverage brokers, mini & micro brokers and currenex brokers.
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Risk Disclosure: Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.