Given below are some of the best platforms that allow great real time forex trading. If this is your first time in the forex market, it would be a great idea to try out the demo account first and test the waters with some virtual money before you start putting your real money at stake.
#1 Easy Forex Review
Open to both UK and US traders, Easy Forex is an ideal platform for traders with low budget. The professional yet easy-to-use platform offers a superb value for their great features, ultimate support and unrivalled tools. Every trader is also provided with their personal account manager for any guidance. With regulation from both EU and US, you can be sure that it is the most reputable and secure trading platforms around.
Overall User Rating: 9.5/10
Established |
2001 |
Platform |
Online |
Regulated by |
ASIC AFSL (Australia) |
Minimum Deposit |
$200 or £120 |
Difficulty Level |
Easy |
Primary Liquidity Providers |
UBS, RBS (Royal Bank of Scotland) |
Demo Account |
No |
Customer Support |
Prompt 24/7 customer support via Phone and Email. Personal account manager is also available during the business hours. |
Spread Value |
3-7 pips |
Leverage |
200:1 |
Payment Modes |
Bank Transfer, Credit Cards |
Scalping |
Not Allowed |
Loss Protection |
Avail the benefit of Stop Loss by setting your exit point beforehand and limit your losses, though there is no protection available on negative balance. |
Pros:
- Extremely easy to use
- Rate Freezing feature, so you can be sure about the rate when you fix the deal
- Stop Loss, you can never lose more than you can afford
- Over 100 trading pairs
- Personal Account Manager for undivided attention and guidance
- Available in 9 languages
Cons:
- No demo account
Click Here to Visit Easy Forex Official Website
#2 eToro Review
If staring at complicated graphs and charts bore you to death, be sure to give this innovative forex platform a try. eToro really makes trading fun. You may even feel like you are playing a game while making some serious money. Primarily focused at attracting new traders, the bonus of up to $1000 offered on first deposit is another plus for eToro.
Overall User Rating: 9/10
Established |
2006 |
Platform |
Web-based & Downloadable |
Regulated by |
CySEC (Cyprus) |
Minimum Deposit |
$50 |
Difficulty Level |
Innovative yet easy |
Swap-free accounts |
Yes – No fee charged on Islamic style accounts |
Demo Account |
Yes – Unlimited demo account |
Customer Support |
Reliable 24*7 support |
Spread Value |
2, 4 and 6 pips |
Leverage |
Up to 400:1 |
Payment Modes |
Credit cards, MoneyGram, wire transfer, Neteller, Webmoney, Western Union, and Paypal. |
Scalping |
Not Allowed |
Loss Protection |
Guaranteed Stop Losses available. |
Pros:
- Simple and intuitive user interface
- Up to $500 granted as the first deposit bonus
- Minimal spreads
- Weekly $1500 championships
- Various funds transfer options available
Cons:
- Does not accept U.S. traders
- MetaTrader 4 Software support not available
Click Here to Visit eToro Official Website
#3 ForexYard Review
In case you passed on Easy Forex and eToro, chances are that you are an experienced broker looking for a highly advanced trading platform. Forex Yard tops the charts when it comes to trading at expert’s level. Though you may get started with a minimum deposit of $100, professional account with a minimum deposit of $1000 is highly recommended for experienced traders. Easy-to-use platform, competitive spreads and leverage, loss protection features, all make Forex Yard a great pick for advanced forex trading.
Overall User Rating: 9/10
Established |
2004 |
Platform |
Online/ Downloadable |
Regulated by |
N/A |
Minimum Deposit |
$100 (Professional account recommended - $1000) |
Difficulty Level |
Not very difficult |
Primary Liquidity Providers |
Unknown |
Demo Account |
Yes |
Customer Support |
24 hour support available via live chat, telephone and email. Live chat and telephone ensures a prompt and highly professional customer support, however contact via email is usually replied within 24 hours. |
Spread Value |
Competitive fixed spreads. Primary currencies are usually 3-5 pips. |
Leverage |
200:1 |
Payment Modes |
Major credit cards, Western Union Money Transfers, and Wire transfers |
Scalping |
Not allowed |
Loss Protection |
No negative balance allowed – So, if your account balance reaches zero, all your trades will be automatically closed and you need not worry about payment of any debts. |
Pros:
- Forex and market analysis report available every day from forex experts
- Multiple trading commodities, including crude oil, silver, gold, as well as CFDs and stock indices
- Quick account withdrawals and great customer support
- Low minimum deposit; New clients also get a cash back bonus
Cons:
- No Scalping