Instaforex has been serving traders since 2007. Forex trading is InstaForex main priority and therefore InstaForex emphasizes on bringing the best advanced technology for electronic access, fund transactions and fundamental broker business elements.
InstaForex platform is a leading forex platform – MetaTrader 4 available via download. InstaForex platform lets you close forex transactions via direct access to world trading markets, get market quotes, top-notch forex market news and overviews, instant deposit/withdraw options and much more.
Demo account is available for beginners in trading market. It is very easy to set up and within seconds you will be on your way to practice your skills.
Insta.Standard trading account requires as little as $1 deposit for micro forex, $100 for mini forex and $1,000 for standard forex. This is a standard trading account where forex trader gets access to all trading tools and pays fixed spread on each deal. There is no extra fee or commissions. Insta.Standard account is suitable both for beginners and advanced traders.
Support is available via frequently asked questions, finance forum where real traders discuss their trading experiences and 24/5 consulting services where you can seek answers to your questions while trading. Technical support team is available 24/7.
If you want to receive signals from vnchager, please send us your insta forex account to us together with your username. Please make sure you are sign up with us. Our email is fxvnpro@gmail.com
0.6 pips rebate
Free signals daily.
Spreads – as low as 3 pip.
Demo Account: Yes
Open account in just five minutes.
Minimum Initial Deposit: $1
Professional user support.
Trade 32 currency pairs.
Maximum Leverage: 1:500
Commissions: None
Live support during trading session.
Trading Platform: MetaTrader 4 .
Segregated secure accounts available for big traders.
Extra fee: None
Partnership program available.
Moneybookers,Ecumoney,Perfect Money,Liberty Reserve, WebMoney,Alertpay, bank wire, credit cards and PayPal
Fund account via Alertpay, WebMoney, Perfect Money, moneybookers, Liberty Reserve,Ecumoney,Paypal, wire transfer and credit cards Accepted.
Click here open new account
eToro is a Forex broker that offers a true revolution in Forex trading, when it comes to their trading platform. Their game-like experience just might be the most novice-friendly FOREX learning tool on the market today. eToro makes learning and mastering your FOREX trading skills an incredibly fun experience with a graphical user interface like no other FOREX platform, while offering a competitive platform for more experienced traders as well, known as “Expert Mode”. Beginners first venturing into the world of FOREX now have an entertaining solution to the difficulty that comes in trying to initially understand FOREX and making sense of the most highly regarded, widely used but complex FOREX platforms out there.
Spreads – 2 pips on EUR/USD.
Open account in just five minutes.
$50 to open a real trading account.
Innovative approach to Forex
Variety of electronic payment systems for funds transfers
Forex, CFD, commodities and index trading
Free $1000 bonus upon account opening.
Residents of Russia, Ukraine, Belarus and some other post-Soviet countries aren’t allowed to open an account
Partnership program available.
Moneybookers, WebMoney, bank wire, credit cards and PayPal
Fund account via WebMoney,Neteller,Moneybookers,Paypal, wire transfer and credit cards Accepted.
Click Here to open Live Standard Account
A list of Forex brokers which support PayPal payment system as an option for funds deposit/withdrawal. PayPal is a convenient on-line payment system which is widely accepted in U.S., Canada and United Kingdom. Forex brokers that accept PayPal deposits often are good-standing companies which you can trust.
MasterForex — Forex Broker
MasterForex:
Company: Beaverhead Financial Inc.
On-line since: 2006
Country of origin: Russia
Regulation: Unregulated
Payment options: PayPal, Wire transfer, WebMoney and Liberty Reserve
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: up to 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform
Trading from $1
Muslim-friendly Forex accounts
WebMoney and Liberty Reserve deposit/withdrawal options
Disadvantages:
No important disadvantages
Click here to open an account with MasterForex
Ava FX — Forex Broker
Ava FX:
Company: Ava FX
On-line since: 2006
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: WebMoney, PayPal, Moneybookers, Western Union, e-gold, credit cards and bank wire
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Variety of billing options available
CFD, Forex, metals and oil trading
Disadvantages:
No Metatrader 4 software support
Click here to open an account with Ava FX
eToro — Forex Broker
eToro
Company: eToro Inc.
On-line since: 2007
Country of origin: Cyprus
Regulation: Registered member of NFA (ID: 0382918).
Payment options: Moneybookers, WebMoney, bank wire, credit cards, PayPal and Neteller
Minimum account size: $50
Minimum lot size: 0.1 lot
Leverage: 1:100, 1:200 and 1:400
Spreads: 2 pips on EUR/USD
Advantages:
Newbie friendly platform
Web-based trading platform also available
Innovative approach to Forex
Great user support
Muslim-friendly accounts are available
Variety of electronic payment systems for funds transfers
Bonuses on deposit
Free courses for the real account traders
Disadvantages:
No MetaTrader software support
Click here to open an account with eToro
Easy-Forex — Forex Broker
Easy-Forex:
Company: Easy-Forex
On-line since: 2001
Country of origin: Cyprus
Regulation: Registered with NFA (ID #0358754).
Payment options: Credit cards, PayPal
Minimum account size: $200
Minimum lot size: 0.025 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Advantages:
No need to download trading software
Ability to "freeze" current rates for a few seconds
Oil trading is available
Disadvantages:
No MetaTrader 4 software support
Java based trading platform
High spreads
Click here to open an account with Easy-Forex
Plus500 — Forex Broker
Plus500:
Company: MeVideoCY Ltd.
On-line since: 2009
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Credit cards, PayPal and wire transfer
Minimum account size: $50
Minimum lot size: 0.1 lots
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
Forex, CFD, commodities and index trading
Bonus on deposit
Free $20 bonus upon account opening
Disadvantages:
No MetaTrader 4 platform
Residents of Russia, Ukraine, Belarus and some other post-Soviet countries aren't allowed to open an account
Click here to open an account with Plus500
FastBrokers — Forex Broker
FastBrokers:
Company: Fast Trading Services LLC
On-line since: 2006
Country of origin: USA
Regulation: A member of NFA (ID:0342002) and registered with CFTC.
Payment options: Wire transfer, PayPal and credit cards
Minimum account size: $500
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader platform available
Disadvantages:
No important disadvantages
Click here to open an account with FastBrokers
Finexo — Forex Broker
Finexo:
Company: Finexo Global Investments Ltd.
On-line since: 2004
Country of origin: Cyprus
Regulation: Regulated by German authority BaFin.
Payment options: Credit cards, wire transfer, PayPal, Moneybookers, Liberty Reserve, e-Bullion
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Browser based trading platform
Disadvantages:
No Metatrader 4 software support
Click here to open an account with Finexo
Forex WebTrader — Forex Broker
Forex WebTrader:
Company: Finexo Global Investments Ltd.
On-line since: 2007
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Credit cards, wire transfer, PayPal, Moneybookers, Liberty Reserve, e-Bullion
Minimum account size: $25
Minimum lot size: 0.01 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Advantages:
Web based Forex trading platform
Regular trader contests
Disadvantages:
No Metatrader 4 software support
No contact phone available
Click here to open an account with Forex WebTrader
Forex Capital Trading — Forex Broker
Forex Capital Trading:
Company: Forex Capital Trading Pty Ltd
On-line since: 2006
Country of origin: Australia
Regulation: Regulated by ASIC (registration number: ACN119086270).
Payment options: Wire transfer, PayPal and credit cards
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: up to 1:300
Spreads: 3 pips on EUR/USD
Advantages:
Browser-based platform available
Disadvantages:
U.S. and Indonesian citizens are not allowed to join
No MetaTrader 4 support
Only browser-based platform
Click here to open an account with Forex Capital Trading
FX Solutions — Forex Broker
FX Solutions:
Company: FX Solutions, LLC
On-line since: 2001
Country of origin: USA
Regulation: Registered with the Commodity Futures Trading Commission as a Futures Commission Merchant and is a member of the National Futures Association (NFA), ID# 0312620.
Payment options: Credit cards, PayPal, on-line check, paper checks and bank wire
Minimum account size: $250
Minimum lot size: 0.1 lot
Leverage: from 1:100 to 1:400
Spreads: 3 pips on EUR/USD
Advantages:
Advanced charting software
No commissions
Disadvantages:
No MetaTrader4 software support
Opening an account is a complicated process
Click here to open an account with FX Solutions
GFT Forex — Forex Broker
GFT Forex:
Company: Global Futures & Forex, Ltd.
On-line since: 2001
Country of origin: Australia
Regulation: Registered with the Commodity Futures Trading Commission, is also a member of the Australian Securities and Investments Commission (ASIC), an independent Australian government body that regulates financial markets, securities, futures and corporations since January 1991.
Payment options: Credit cards, eCheck, PayPal, bank wire and paper checks
Minimum account size: $250
Minimum lot size: 0.1 lot
Leverage: from 1:100 to 1:400
Spreads: Variable (3 pips average) on EUR/USD
Advantages:
Unique trading software
Ability to trade with really huge amounts of money
Free Forex training
More than 60 currency pairs
Leverage up to 1:400
Disadvantages:
Variable spreads can be quite high
Opening an account is a complicated process
Click here to open an account with GFT Forex
CMS Forex — Forex Broker
CMS Forex:
Company: Capital Market Services, LLC
On-line since: 1999
Country of origin: USA
Regulation: Registered Futures Commission Merchant (FCM) and a Forex Dealer Member (FDM) of the National Futures Association (NFA) (Member ID: 0313199), registered with the Commodity Futures Trading Commission (CFTC) of U.S. and the Financial Services Agency (FSA) of Japan.
Payment options: Bank wire, BPS, credit cards, PayPal, on-line check and paper checks
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: from 1:40 to 1:400
Spreads: 3 pips on EUR/USD
Advantages:
Multi-currency accounts
Disadvantages:
No MetaTrader4 software support
Click here to open an account with CMS Forex
Tadawul FX — Forex Broker
Tadawul FX:
Company: Tadawul FX SA.
On-line since: 2006
Country of origin: Switzerland
Regulation: Registered with ARIF (Association Romande des Intermédiaires Financiers) - a Swiss organization against money laundering, is also audited by Swiss financial auditor VERIFID.
Payment options: PayPal, credit cards and bank wire
Minimum account size: $500
Minimum lot size: 0.1 lot
Leverage: from 1:33 to 1:100
Spreads: 3 pips on EUR/USD
Advantages:
Islamic Forex broker
MetaTrader4 Forex broker
Registered with very serious regulation authorities
Disadvantages:
No important disadvantages
Click here to open an account with Tadawul FX
Finotec — Forex Broker
Finotec:
Company: Finotec Trading UK Ltd
On-line since: 2005
Country of origin: United Kingdom
Regulation: Authorized and regulated by the Financial Services Authority (FSA Register Number 470392).
Payment options: Bank wire, PayPal and credit cards
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Easy-to-use trading platform for mini Forex accounts
Options trading available
Disadvantages:
No MetaTrader 4 software support
High account size requirement to use Finotec Trading Platform
Click here to open an account with Finotec
FXDD — Forex Broker
FXDD:
Company: FXDD
On-line since: 2002
Country of origin: USA
Regulation: Unregulated
Payment options: WebMoney, bank wire, check, PayPal and BPS
Minimum account size: $500
Minimum lot size: 0.1 lot
Leverage: 1:100 and 1:200
Spreads: 2 pips on EUR/USD
Advantages:
Metatrader Forex broker
Two custom platforms are also available
Disadvantages:
No important disadvantages
Click here to open an account with FXDD
GCI Financial — Forex Broker
GCI Financial:
Company: GCI Financial Ltd.
On-line since: 2002
Country of origin: Belize
Regulation: Registered by International Financial Services Commission of Belize.
Payment options: Wire transfer, credit cards, PayPal, Moneybookers, WebMoney and check
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Indexes and CFD trading available
Muslim-friendly Forex broker
MetaTrader 4 trading platform
Web-based platform
Disadvantages:
No important disadvantages
Click here to open an account with GCI Financial
FxPro — Forex Broker
FxPro:
Company: EuroOrient Securities and Financial Services Ltd.
On-line since: 2008
Country of origin: Cyprus
Regulation: Regulated by the Cyprus Securities and Exchange Commission (license #078/07).
Payment options: Wire transfer, credit cards and PayPal
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 1.8 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform
Really tight spreads
Disadvantages:
No important disadvantages
Click here to open an account with FxPro
HY Markets — Forex Broker
HY Markets:
Company: HY Markets
On-line since: 2007
Country of origin: United Kingdom
Regulation: Authorized and regulated by FSA (United Kingdom)
Payment options: Bank wire, credit cards, PayPal, CashU
Minimum account size: $50
Minimum lot size: 0.02 lot
Leverage: 1:200
Spreads: 3-7 pips on EUR/USD
Advantages:
Web based trading platform available
Freeze rate function
No slippage
Real-time news
Disadvantages:
MetaTrader 4 software available only to VIP clients
Click here to open an account with HY Markets
FX|Clearing — Forex Broker
FX|Clearing:
Company: FX Clearing Group
On-line since: 2007
Country of origin: Canada
Regulation: Regulated by Canadian FINTRAC.
Payment options: Moneybookers, PayPal and wire transfer
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: 1:50, 1:200, 1:400 and 1:500
Spreads: 1-2 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Tight spreads
No swaps for mini- and micro-accounts
Disadvantages:
U.S. and Canadian citizens are not allowed to join
Click here to open an account with FX|Clearing
UFXBank — Forex Broker
UFXBank:
Company: UFXBank
On-line since: 2009
Country of origin: United Kingdom
Regulation: Unregulated
Payment options: PayPal, Moneybookers, WebMoney, Neteller, Western Union, credit cards and wire transfer
Minimum account size: $500
Minimum lot size: 0.05 lot
Leverage: 1:200
Spreads: 2-4 pips on EUR/USD
Advantages:
Browser-based trading platform
Disadvantages:
Demo account only after speaking with the manager
Browser-based trading platform
Relatively high spreads
Click here to open an account with UFXBank
SwissDealing — Forex Broker
SwissDealing:
Company: SwissDealing S.A.
On-line since: 2009
Country of origin: Switzerland
Regulation: Unregulated
Payment options: PayPal
Minimum account size: $0
Minimum lot size: 0.00001 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Trade without deposit. Deposit only to cover the negative balance.
Trade with extremely low volumes
Disadvantages:
Currently you can't deposit if your balance is positive
Only PayPal as the deposit/withdrawal method
MetaTrader platform is not available
Click here to open an account with SwissDealing
A list of ECN Forex brokers which provide Forex traders with a direct access to other Forex market participants — retail and institutional. This results in some advantages — no anti-scalping, no «stop-loss hunting», very low spreads; and disadvantages — ECN brokers charge commissions for Forex trading.
FXOpen — Forex Broker
FXOpen:
Company: FXOpen Investments Inc.
On-line since: 2005
Country of origin: Mauritius
Regulation: Regulated by Financial Service Commission (FSC) of Mauritius.
Payment options: Liberty Reserve, WebMoney, CashU, E-Bullion, e-gold and wire transfer
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: from 1:1 to 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 Forex broker
ECN Forex broker
Traders contests and competitions
Bonus for real trader account opening
Muslim Forex broker - no-overnight interest accounts
WebMoney funds deposit/withdraw option
Futures trading is available
Start trading with as little as $1
Disadvantages:
No important disadvantages
Click here to open an account with FXOpen
FastBrokers — Forex Broker
FastBrokers:
Company: Fast Trading Services LLC
On-line since: 2006
Country of origin: USA
Regulation: A member of NFA (ID:0342002) and registered with CFTC.
Payment options: Wire transfer, PayPal and credit cards
Minimum account size: $500
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader platform available
Disadvantages:
No important disadvantages
Click here to open an account with FastBrokers
MB Trading — Forex Broker
MB Trading:
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Company: MB Trading Futures, Inc. (MBTF) and 3DForex, LLC
On-line since: 2002
Country of origin: USA
Regulation: Commodity Futures Trading Commission (CFTC) registered Futures Commission Merchant (FCM) and a member of National Futures Association (NFA).
Payment options: Bank wire
Minimum account size: $400
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: ECN broker - 0.5 pips average on EUR/USD
Advantages:
MetaTrader 4 software support
ECN Forex broker
Low, floating spreads
Supports trading over the phone
Disadvantages:
Commissions for trading
Opening an account is a complicated process
Residents of some countries can't open account
Click here to open an account with MB Trading
Dukascopy — Forex Broker
Dukascopy:
Company: Dukascopy Swiss FX Group
On-line since: 2004
Country of origin: Switzerland
Regulation: Member of ARIF (a self regulatory financial organization).
Payment options: Bank wire
Minimum account size: $50,000
Minimum lot size: 10 lot
Leverage: 1:100
Spreads: 0-1 pip on EUR/USD
Advantages:
ECN Forex broker
Low spreads
A respected Forex company
Advanced trading platform
Disadvantages:
No mini Forex account
Opening an account is a complicated process
Very high minimum account size
Click here to open an account with Dukascopy
Forex Club — Forex Broker
Forex Club:
Company: Forex Club Financial Company, Inc.
On-line since: 2000
Country of origin: USA
Regulation: Futures Commission Merchant (FCM) registered with the National Futures Association (NFA ID 0358265).
Payment options: Credit cars, wire transfer and checks
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: from 1:20 to 1:100
Spreads: 3 pips on EUR/USD
Advantages:
Advanced trading platform
Disadvantages:
No Metatrader 4 software support
Click here to open an account with Forex Club
A list of Forex brokers which support CFD trading. CFD — a Contract for Difference — special contract which allows traders to earn money on the price (stock, commodity or other) falling or rising, without buying any stock or commodity. CFD is a great way to try stock trading and is usually supported by Metatrader 4 Forex Brokers.
InstaForex — Forex Broker
InstaForex:
Company: InstaForex
On-line since: 2008
Country of origin: British Virgin Islands
Regulation: Regulated by Russian FFMS.
Payment options: Moneybookers, wire transfer, credit cards, Liberty Reserve, WebMoney and RuPay
Minimum account size: $1
Minimum lot size: 0.01
Leverage: from 1:1 to 1:500
Spreads: 3 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform
6% interest rate on deposit
Flexible leverage
Wide range of funding options
Islamic (no interest) accounts available
Rich bonus system
Disadvantages:
No important disadvantages
Click here to open an account with InstaForex
Forex4you — Forex Broker
Forex4you:
Company: E-Global Trade & Finance Group, Inc.
On-line since: 2007
Country of origin: United Kingdom
Regulation: Unregulated
Payment options: WebMoney, Liberty Reserve, e-gold, credit cards and bank wire
Minimum account size: $1
Minimum lot size: 0.0001 lots
Leverage: up to 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Interest rate on account balance
Muslim-friendly accounts with no overnight interest
Extremely low minimum account size and trade amount
Disadvantages:
No important disadvantages
Click here to open an account with Forex4you
MasterForex — Forex Broker
MasterForex:
Company: Beaverhead Financial Inc.
On-line since: 2006
Country of origin: Russia
Regulation: Unregulated
Payment options: PayPal, Wire transfer, WebMoney and Liberty Reserve
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: up to 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform
Trading from $1
Muslim-friendly Forex accounts
WebMoney and Liberty Reserve deposit/withdrawal options
Disadvantages:
No important disadvantages
Click here to open an account with MasterForex
Ava FX — Forex Broker
Ava FX:
Company: Ava FX
On-line since: 2006
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: WebMoney, PayPal, Moneybookers, Western Union, e-gold, credit cards and bank wire
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Variety of billing options available
CFD, Forex, metals and oil trading
Disadvantages:
No Metatrader 4 software support
Click here to open an account with Ava FX
LiteForex — Forex Broker
LiteForex:
Company: Straighthold Investment Group Inc.
On-line since: 2004
Country of origin: Cyprus
Regulation: Unregulated
Payment options: WebMoney, Moneybookers, Liberty Reserve and AlertPay.
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: from 1:50 to 1:500
Spreads: 3 pips on EUR/USD
Advantages:
Metatrader Forex broker
WebMoney deposit/withdraw method
Very low minimum deposit to start trading
Disadvantages:
No important disadvantages
Click here to open an account with LiteForex
Plus500 — Forex Broker
Plus500:
Company: MeVideoCY Ltd.
On-line since: 2009
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Credit cards, PayPal and wire transfer
Minimum account size: $50
Minimum lot size: 0.1 lots
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
Forex, CFD, commodities and index trading
Bonus on deposit
Free $20 bonus upon account opening
Disadvantages:
No MetaTrader 4 platform
Residents of Russia, Ukraine, Belarus and some other post-Soviet countries aren't allowed to open an account
Click here to open an account with Plus500
InvestTechFX — Forex Broker
InvestTechFX:
Company: InvestTechFx Technologies Inc.
On-line since: 2006
Country of origin: Canada
Regulation: Registered in Canada under Canada Business Corporation Act.
Payment options: Bank transfer, PayPal, Moneybookers and credit cards
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: from 1:1 to 1:500
Spreads: 1 pip on EUR/USD
Advantages:
MetaTrader 4 Forex broker
Low spreads
Muslim-friendly accounts available
Disadvantages:
No important disadvantages
Click here to open an account with InvestTechFX
FxCompany — Forex Broker
FxCompany:
Company: FxCompany Ltd
On-line since: 2006
Country of origin: Mauritius
Regulation: Is a licensed provider of investment adviser services and regulated by FSC (Financial Services Commission) of Mauritius. License no. C109007280, issued on 25.03.2009.
Payment options: Wire transfer, WebMoney, Moneybookers and Liberty Reserve
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 0.8 pip on EUR/USD
Advantages:
MetaTrader broker
Informative website
Contests of traders
Forex, futures, CFD, metals and oil trading instruments
Muslim-friendly accounts without overnight swaps
Disadvantages:
No important disadvantages
Click here to open an account with FxCompany
IS Markets — Forex Broker
IS Markets:
Company: IntelliSource Markets, B.V.
On-line since: 2009
Country of origin: Netherlands
Regulation: Incorporated in Nevis (certificate #19 of 2009).
Payment options: Wire transfer and credit cards
Minimum account size: $250
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 2-3 pips on EUR/USD
Advantages:
MetaTrader trading platform
Islamic accounts available on request
Disadvantages:
Relatively high spreads on Forex pairs
Click here to open an account with IS Markets
Saxo Bank — Forex Broker
Saxo Bank:
Company: Saxo Bank
On-line since: 1999
Country of origin: Denmark
Regulation: Saxo Bank is an officially registered European bank.
Payment options: Wire transfer
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Unique trading software
Very solid company
Disadvantages:
Very high margin requirements
Opening an account is a complicated process
Click here to open an account with Saxo Bank
X-Trade Brokers — Forex Broker
X-Trade Brokers:
Company: X-Trade Brokers S.A.
On-line since: 2006
Country of origin: Poland
Regulation: Regulated by the Securities and Exchange Commissions of Poland.
Payment options: Bank wire
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Advantages:
MetaTrader4 software support
Supports trading over the phone
Muslim Forex broker
Disadvantages:
No mini Forex accounts
Opening an account is a complicated process
Click here to open an account with X-Trade Brokers
Finotec — Forex Broker
Finotec:
Company: Finotec Trading UK Ltd
On-line since: 2005
Country of origin: United Kingdom
Regulation: Authorized and regulated by the Financial Services Authority (FSA Register Number 470392).
Payment options: Bank wire, PayPal and credit cards
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Easy-to-use trading platform for mini Forex accounts
Options trading available
Disadvantages:
No MetaTrader 4 software support
High account size requirement to use Finotec Trading Platform
Click here to open an account with Finotec
MF Global — Forex Broker
MF Global:
Company: MF Global UK Limited
On-line since: 2002
Country of origin: United Kingdom
Regulation: Regulated by the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) and the Securities and Exchange Commission (SEC).
Payment options: Wire transfer
Minimum account size: $10,000
Minimum lot size: 1 lot
Leverage: 1:40 (1:10 for CFD)
Spreads: 3 pips on EUR/USD
Advantages:
Solid financial company
Futures and options trading is available
Disadvantages:
No Metatrader 4 software support
Opening an account is a complicated process
Low leverage - 1:40
No mini Forex accounts
Click here to open an account with MF Global
IG Markets — Forex Broker
IG Markets:
Company: IG Group
On-line since: 2001
Country of origin: United Kingdom
Regulation: Regulated by the Financial Services Authority (FSA) and a member of the London Stock Exchange (LSE).
Payment options: Wire transfer, checks, credit cards and Moneybookers
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:50
Spreads: 3 pips on EUR/USD
Advantages:
Solid financial company
Web based trading platform
CFD and metals trading is available
Disadvantages:
No Metatrader 4 software support
Low leverage - 1:50
Click here to open an account with IG Markets
CMC Markets — Forex Broker
CMC Markets:
Company: CMC Markets UK Plc
On-line since: 2005
Country of origin: United Kingdom
Regulation: Registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
Payment options: Wire transfer, credit cards and checks
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Competitive spreads
Disadvantages:
No Metatrader 4 software support
Opening an account is a complicated process
Click here to open an account with CMC Markets
GCI Financial — Forex Broker
GCI Financial:
Company: GCI Financial Ltd.
On-line since: 2002
Country of origin: Belize
Regulation: Registered by International Financial Services Commission of Belize.
Payment options: Wire transfer, credit cards, PayPal, Moneybookers, WebMoney and check
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Indexes and CFD trading available
Muslim-friendly Forex broker
MetaTrader 4 trading platform
Web-based platform
Disadvantages:
No important disadvantages
Click here to open an account with GCI Financial
VarengoldBankFX — Forex Broker
VarengoldBankFX:
Company: Varengold Wertpapierhandelsbank AG
On-line since: 2008
Country of origin: Germany
Regulation: Registered German bank
Payment options: Wire transfer
Minimum account size: $1,000
Minimum lot size: 0.2 lot
Leverage: up to 1:100
Spreads: 3 pips on EUR/USD
Advantages:
Serious banking institution
MetaTrader 4 trading platform
Disadvantages:
Higher than normal minimum position size
Opening a trading account is a complicated process
Click here to open an account with VarengoldBankFX
FxPro — Forex Broker
FxPro:
Company: EuroOrient Securities and Financial Services Ltd.
On-line since: 2008
Country of origin: Cyprus
Regulation: Regulated by the Cyprus Securities and Exchange Commission (license #078/07).
Payment options: Wire transfer, credit cards and PayPal
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 1.8 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform
Really tight spreads
Disadvantages:
No important disadvantages
Click here to open an account with FxPro
DeltaStock — Forex Broker
DeltaStock:
Company: Deltastock Inc.
On-line since: 2001
Country of origin: Bulgaria
Regulation: Regulated by the Financial Supervision Commission and the Bulgarian National Bank.
Payment options: Wire transfer, credit card and Moneybookers
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: variable from 0.1 pip and fixed 2 pip spread on EUR/USD
Advantages:
Supports MetaTrader platform through MetaTrader Bridge
CFD, metals, commodities and Bulgarian stocks trading is available
Both stand-alone and browser platforms are available
Both variable and fixed spreads are available
Regular trading contests
Disadvantages:
Opening an account is a complicated process
Click here to open an account with DeltaStock
GDI Markets — Forex Broker
GDI Markets:
Company: GDI Markets Limited
On-line since: 2007
Country of origin: United Kingdom
Regulation: Regulated by the Financial Services Authority (FSA reference #458099).
Payment options: Bank wire
Minimum account size: $10,000
Minimum lot size: 0.1 lot
Leverage: from 1:12.5 to 1:100
Spreads: 3.5 pips on EUR/USD
Advantages:
Forex, CFDs, stocks, ETFs and metals are available for trading
Disadvantages:
No MetaTrader 4 support
Commission on low-size positions
Opening an account is a complicated process
Click here to open an account with GDI Markets
Prime4x — Forex Broker
Prime4x:
Company: Prime Forex LLC
On-line since: 2008
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Wire transfer and credit cards
Minimum account size: $100
Minimum lot size: 0.01
Leverage: 1:100, 1:400 and 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform is available
Promotional bonuses
Disadvantages:
No important disadvantages
Click here to open an account with Prime4x
FXCH — Forex Broker
FXCH:
Company: Foreign Exchange Clearing House Ltd
On-line since: 2004
Country of origin: Switzerland
Regulation: Unregulated
Payment options: WebMoney, AlertPay, wire transfer
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: 1:500
Spreads: 1 pip on EUR/USD
Advantages:
MetaTrader 4 platform
Muslim-friendly Forex broker
Tight spreads with high leverage
Disadvantages:
No overnight interest
Minimum account size is rather high
U.S. citizens can't join
Click here to open an account with FXCH
BroCo — Forex Broker
BroCo:
Company: BroCo Investments Inc.
On-line since: 2003
Country of origin: Mauritius
Regulation: Licensed by the Financial Services Commission of Mauritius.
Payment options: Moneybookers, WebMoney, credit cards and wire transfer
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Asset management services
Various traders' contests
Disadvantages:
Opening a trading account isn't an easy process
Click here to open an account with BroCo
Forex Place — Forex Broker
Forex Place:
Company: Forex Place Ltd.
On-line since: 2009
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: Credit card, wire transfer, Moneybookers, Neteller and EcoCard
Minimum account size: $100
Minimum lot size: 0.01 lots
Leverage: 1:300
Spreads: 3 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Trader bonuses
Forex trading education
Islamic trading accounts are available
Disadvantages:
Spreads are relatively high
Click here to open an account with Forex Place
MoneyRain — Forex Broker
MoneyRain:
Company: Money Rain Corporation
On-line since: 2006
Country of origin: Austria
Regulation: Licensed by FCSM (Russian Federation, license number: 078-10332-100000).
Payment options: Moneybookers, bank transfer, scratch-card, WebMoney, RBK Money and credit card
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 1-3 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Interest rate paid on trading account balance
Disadvantages:
No important disadvantages
Click here to open an account with MoneyRain
A list of on-line institutional Forex brokers which are backed by solid and respected off-line companies — such as banks or financial institutions. Usually such Forex brokers are highly regulated and very reliable.
MB Trading — Forex Broker
MB Trading:
Company: MB Trading Futures, Inc. (MBTF) and 3DForex, LLC
On-line since: 2002
Country of origin: USA
Regulation: Commodity Futures Trading Commission (CFTC) registered Futures Commission Merchant (FCM) and a member of National Futures Association (NFA).
Payment options: Bank wire
Minimum account size: $400
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: ECN broker - 0.5 pips average on EUR/USD
Advantages:
MetaTrader 4 software support
ECN Forex broker
Low, floating spreads
Supports trading over the phone
Disadvantages:
Commissions for trading
Opening an account is a complicated process
Residents of some countries can't open account
Click here to open an account with MB Trading
IG Markets — Forex Broker
IG Markets:
Company: IG Group
On-line since: 2001
Country of origin: United Kingdom
Regulation: Regulated by the Financial Services Authority (FSA) and a member of the London Stock Exchange (LSE).
Payment options: Wire transfer, checks, credit cards and Moneybookers
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:50
Spreads: 3 pips on EUR/USD
Advantages:
Solid financial company
Web based trading platform
CFD and metals trading is available
Disadvantages:
No Metatrader 4 software support
Low leverage - 1:50
Click here to open an account with IG Markets
ACM — Forex Broker
ACM:
Company: ACM Advanced currency markets SA
On-line since: 2002
Country of origin: Switzerland
Regulation: Member of NFA (ID: 0388715). Directly regulated by the Swiss Federal Department of Finance (FDF).
Payment options: Bank wire and PayPal
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Advantages:
Java-based and Flash-based trading platforms
Integrated live news feed
Regulated by Swiss Federal Department of Finance
Disadvantages:
No MetaTrader4 software support
Opening account is a complicated process
Browser based platform
Click here to open an account with ACM
Deutsche Bank FOREX — Forex Broker
Deutsche Bank FOREX:
Company: Deutsche Bank AG
On-line since: 2006
Country of origin: Germany
Regulation: Authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervising Authority) and with respect to UK commodity derivatives business by the Financial Services Authority; regulated by the Financial Services Authority for the conduct of UK business, a member of The London Stock Exchange and is a stock corporation incorporated in the Federal Republic of Germany HRB No. 30 000 District Court of Frankfurt am Main; Branch Registration No. in England and Wales BR000005, Registered address: Winchester House, 1 Great Winchester Street London EC2N 2DB.
Payment options: Bank wire
Minimum account size: $5,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Advantages:
Unique trading software
Great user support
Operated by one of the most trusted world banks
Disadvantages:
No MetaTrader4 software support
Opening an account is a complicated process
No mini Forex accounts
Click here to open an account with Deutsche Bank FOREX
Forex.com — Forex Broker
Forex.com:
Company: GAIN Capital Group
On-line since: 1998
Country of origin: USA
Regulation: Registered Futures Commission Merchant (NFA ID #0339826).
Payment options: Bank wire
Minimum account size: $250
Minimum lot size: 0.1 lot
Leverage: from 1:100 to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
Web based trading platform available
Free news stream and real-time alerts
MetaTrader 4 platform available
Disadvantages:
Some countries and states are not allowed to open accounts
Click here to open an account with Forex.com
FXCM — Forex Broker
FXCM:
Company: Forex Capital Markets
On-line since: 1999
Country of origin: USA
Regulation: Registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Also regulated by the official regulators in UK, Canada, Hong Kong, Australia and France.
Payment options: On-line checks, bank wire, paper checks and credit cards
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100 and 1:200
Spreads: 2-3 pips on EUR/USD
Advantages:
Unique trading software
MetaTrader 4 support
Web-based platform is available
Great user support
Training courses available
Access to DailyFX.com
Disadvantages:
Limitations for MetaTrader 4 accounts
No mini-Forex accounts
Click here to open an account with FXCM
GFT Forex — Forex Broker
GFT Forex:
Company: Global Futures & Forex, Ltd.
On-line since: 2001
Country of origin: Australia
Regulation: Registered with the Commodity Futures Trading Commission, is also a member of the Australian Securities and Investments Commission (ASIC), an independent Australian government body that regulates financial markets, securities, futures and corporations since January 1991.
Payment options: Credit cards, eCheck, PayPal, bank wire and paper checks
Minimum account size: $250
Minimum lot size: 0.1 lot
Leverage: from 1:100 to 1:400
Spreads: Variable (3 pips average) on EUR/USD
Advantages:
Unique trading software
Ability to trade with really huge amounts of money
Free Forex training
More than 60 currency pairs
Leverage up to 1:400
Disadvantages:
Variable spreads can be quite high
Opening an account is a complicated process
Click here to open an account with GFT Forex
Saxo Bank — Forex Broker
Saxo Bank:
Company: Saxo Bank
On-line since: 1999
Country of origin: Denmark
Regulation: Saxo Bank is an officially registered European bank.
Payment options: Wire transfer
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Unique trading software
Very solid company
Disadvantages:
Very high margin requirements
Opening an account is a complicated process
Click here to open an account with Saxo Bank
CMS Forex — Forex Broker
CMS Forex:
Company: Capital Market Services, LLC
On-line since: 1999
Country of origin: USA
Regulation: Registered Futures Commission Merchant (FCM) and a Forex Dealer Member (FDM) of the National Futures Association (NFA) (Member ID: 0313199), registered with the Commodity Futures Trading Commission (CFTC) of U.S. and the Financial Services Agency (FSA) of Japan.
Payment options: Bank wire, BPS, credit cards, PayPal, on-line check and paper checks
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: from 1:40 to 1:400
Spreads: 3 pips on EUR/USD
Advantages:
Multi-currency accounts
Disadvantages:
No MetaTrader4 software support
Click here to open an account with CMS Forex
ECN broker — Forex Broker
ECN broker:
Company: DTSecurities.at GmbH, Austria
On-line since: 2004
Country of origin: Austria
Regulation: Member of NFA and registered with CFTC.
Payment options: Bank wire
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:400
Spreads: 3 pips on EUR/USD
Advantages:
Regulated broker with low minimum account ($200) and high leverage (1:400)
Additional trading services (stocks and futures)
Disadvantages:
No Metatrader 4 software support
Click here to open an account with ECN broker
Dukascopy — Forex Broker
Dukascopy:
Company: Dukascopy Swiss FX Group
On-line since: 2004
Country of origin: Switzerland
Regulation: Member of ARIF (a self regulatory financial organization).
Payment options: Bank wire
Minimum account size: $50,000
Minimum lot size: 10 lot
Leverage: 1:100
Spreads: 0-1 pip on EUR/USD
Advantages:
ECN Forex broker
Low spreads
A respected Forex company
Advanced trading platform
Disadvantages:
No mini Forex account
Opening an account is a complicated process
Very high minimum account size
Click here to open an account with Dukascopy
FXCM Micro — Forex Broker
FXCM Micro:
Company: Forex Capital Markets
On-line since: 2008
Country of origin: USA
Regulation: Registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
Payment options: Credit cards
Minimum account size: $25
Minimum lot size: 0.01 lot
Leverage: 1:400
Spreads: 1.5 pips on EUR/USD
Advantages:
Unique trading software
Very low spreads
Disadvantages:
No MetaTrader 4 software support
Only 1:400 leverage available
The maximum account balance is $5,000
Click here to open an account with FXCM Micro
This category features a list of those Forex brokers that offer not only currency trading services but also an opportunity of the gold trading, allowing the traders to monetize their gold and other precious metals (silver, platinum) forecasts. Although the spread for gold trading is usually high and leverage — low; it's good to be able to trade it when you have an appropriate trade idea.
InstaForex — Forex Broker
InstaForex:
Company: InstaForex
On-line since: 2008
Country of origin: British Virgin Islands
Regulation: Regulated by Russian FFMS.
Payment options: Moneybookers, wire transfer, credit cards, Liberty Reserve, WebMoney and RuPay
Minimum account size: $1
Minimum lot size: 0.01
Leverage: from 1:1 to 1:500
Spreads: 3 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform
6% interest rate on deposit
Flexible leverage
Wide range of funding options
Islamic (no interest) accounts available
Rich bonus system
Disadvantages:
No important disadvantages
Click here to open an account with InstaForex
Forex4you — Forex Broker
Forex4you:
Company: E-Global Trade & Finance Group, Inc.
On-line since: 2007
Country of origin: United Kingdom
Regulation: Unregulated
Payment options: WebMoney, Liberty Reserve, e-gold, credit cards and bank wire
Minimum account size: $1
Minimum lot size: 0.0001 lots
Leverage: up to 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Interest rate on account balance
Muslim-friendly accounts with no overnight interest
Extremely low minimum account size and trade amount
Disadvantages:
No important disadvantages
Click here to open an account with Forex4you
FXOpen — Forex Broker
FXOpen:
Company: FXOpen Investments Inc.
On-line since: 2005
Country of origin: Mauritius
Regulation: Regulated by Financial Service Commission (FSC) of Mauritius.
Payment options: Liberty Reserve, WebMoney, CashU, E-Bullion, e-gold and wire transfer
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: from 1:1 to 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 Forex broker
ECN Forex broker
Traders contests and competitions
Bonus for real trader account opening
Muslim Forex broker - no-overnight interest accounts
WebMoney funds deposit/withdraw option
Futures trading is available
Start trading with as little as $1
Disadvantages:
No important disadvantages
Click here to open an account with FXOpen
MasterForex — Forex Broker
MasterForex:
Company: Beaverhead Financial Inc.
On-line since: 2006
Country of origin: Russia
Regulation: Unregulated
Payment options: PayPal, Wire transfer, WebMoney and Liberty Reserve
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: up to 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform
Trading from $1
Muslim-friendly Forex accounts
WebMoney and Liberty Reserve deposit/withdrawal options
Disadvantages:
No important disadvantages
Click here to open an account with MasterForex
Ava FX — Forex Broker
Ava FX:
Company: Ava FX
On-line since: 2006
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: WebMoney, PayPal, Moneybookers, Western Union, e-gold, credit cards and bank wire
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Variety of billing options available
CFD, Forex, metals and oil trading
Disadvantages:
No Metatrader 4 software support
Click here to open an account with Ava FX
Easy-Forex — Forex Broker
Easy-Forex:
Company: Easy-Forex
On-line since: 2001
Country of origin: Cyprus
Regulation: Registered with NFA (ID #0358754).
Payment options: Credit cards, PayPal
Minimum account size: $200
Minimum lot size: 0.025 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Advantages:
No need to download trading software
Ability to "freeze" current rates for a few seconds
Oil trading is available
Disadvantages:
No MetaTrader 4 software support
Java based trading platform
High spreads
Click here to open an account with Easy-Forex
Marketiva — Forex Broker
Marketiva:
Company: Marketiva Corporation
On-line since: 2005
Country of origin: British Virgin Islands
Regulation: Incorporated as an international business corporation in British Virgin Islands with registration number IBC CAP. 291 Reg. # 646819. Marketiva Corporation is under jurisdiction of the Financial Services Commission (FSC) and conforms with its regulations and internationally accepted supervisory and regulatory standards.
Payment options: WebMoney, e-Bullion, E-Dinar, Liberty Reserve and wire transfer
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Client program with a user-friendly interface
Great support chat
Fast order execution
No limit on trade size
No overnight interest
Liberty Reserve, E-bullion, E-Dinar and WebMoney billing options
Investment funds shares available
World indexes and precious metals trading
Disadvantages:
No MetaTrader 4 software support
U.S. citizens can't open accounts
$7 withdrawal fee (only first withdrawal)
Muslim Forex broker - no overnight interest
No contact phone/fax numbers
Click here to open an account with Marketiva
LiteForex — Forex Broker
LiteForex:
Company: Straighthold Investment Group Inc.
On-line since: 2004
Country of origin: Cyprus
Regulation: Unregulated
Payment options: WebMoney, Moneybookers, Liberty Reserve and AlertPay.
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: from 1:50 to 1:500
Spreads: 3 pips on EUR/USD
Advantages:
Metatrader Forex broker
WebMoney deposit/withdraw method
Very low minimum deposit to start trading
Disadvantages:
No important disadvantages
Click here to open an account with LiteForex
Plus500 — Forex Broker
Plus500:
Company: MeVideoCY Ltd.
On-line since: 2009
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Credit cards, PayPal and wire transfer
Minimum account size: $50
Minimum lot size: 0.1 lots
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
Forex, CFD, commodities and index trading
Bonus on deposit
Free $20 bonus upon account opening
Disadvantages:
No MetaTrader 4 platform
Residents of Russia, Ukraine, Belarus and some other post-Soviet countries aren't allowed to open an account
Click here to open an account with Plus500
FxCompany — Forex Broker
FxCompany:
Company: FxCompany Ltd
On-line since: 2006
Country of origin: Mauritius
Regulation: Is a licensed provider of investment adviser services and regulated by FSC (Financial Services Commission) of Mauritius. License no. C109007280, issued on 25.03.2009.
Payment options: Wire transfer, WebMoney, Moneybookers and Liberty Reserve
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 0.8 pip on EUR/USD
Advantages:
MetaTrader broker
Informative website
Contests of traders
Forex, futures, CFD, metals and oil trading instruments
Muslim-friendly accounts without overnight swaps
Disadvantages:
No important disadvantages
Click here to open an account with FxCompany
Forex.com — Forex Broker
Forex.com:
Company: GAIN Capital Group
On-line since: 1998
Country of origin: USA
Regulation: Registered Futures Commission Merchant (NFA ID #0339826).
Payment options: Bank wire
Minimum account size: $250
Minimum lot size: 0.1 lot
Leverage: from 1:100 to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
Web based trading platform available
Free news stream and real-time alerts
MetaTrader 4 platform available
Disadvantages:
Some countries and states are not allowed to open accounts
Click here to open an account with Forex.com
Saxo Bank — Forex Broker
Saxo Bank:
Company: Saxo Bank
On-line since: 1999
Country of origin: Denmark
Regulation: Saxo Bank is an officially registered European bank.
Payment options: Wire transfer
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Unique trading software
Very solid company
Disadvantages:
Very high margin requirements
Opening an account is a complicated process
Click here to open an account with Saxo Bank
X-Trade Brokers — Forex Broker
X-Trade Brokers:
Company: X-Trade Brokers S.A.
On-line since: 2006
Country of origin: Poland
Regulation: Regulated by the Securities and Exchange Commissions of Poland.
Payment options: Bank wire
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Advantages:
MetaTrader4 software support
Supports trading over the phone
Muslim Forex broker
Disadvantages:
No mini Forex accounts
Opening an account is a complicated process
Click here to open an account with X-Trade Brokers
MB Trading — Forex Broker
MB Trading:
Company: MB Trading Futures, Inc. (MBTF) and 3DForex, LLC
On-line since: 2002
Country of origin: USA
Regulation: Commodity Futures Trading Commission (CFTC) registered Futures Commission Merchant (FCM) and a member of National Futures Association (NFA).
Payment options: Bank wire
Minimum account size: $400
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: ECN broker - 0.5 pips average on EUR/USD
Advantages:
MetaTrader 4 software support
ECN Forex broker
Low, floating spreads
Supports trading over the phone
Disadvantages:
Commissions for trading
Opening an account is a complicated process
Residents of some countries can't open account
Click here to open an account with MB Trading
Tadawul FX — Forex Broker
Tadawul FX:
Company: Tadawul FX SA.
On-line since: 2006
Country of origin: Switzerland
Regulation: Registered with ARIF (Association Romande des Intermédiaires Financiers) - a Swiss organization against money laundering, is also audited by Swiss financial auditor VERIFID.
Payment options: PayPal, credit cards and bank wire
Minimum account size: $500
Minimum lot size: 0.1 lot
Leverage: from 1:33 to 1:100
Spreads: 3 pips on EUR/USD
Advantages:
Islamic Forex broker
MetaTrader4 Forex broker
Registered with very serious regulation authorities
Disadvantages:
No important disadvantages
Click here to open an account with Tadawul FX
Forex.CH — Forex Broker
Forex.CH:
Company: GFX Group SA
On-line since: 2005
Country of origin: Switzerland
Regulation: Registered with the Swiss self-regulated financial organization PolyReg.
Payment options: Bank wire and checks
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 2—3 pips on EUR/USD
Advantages:
Custom advanced trading platform and MetaTrader 4
Stock indices trading available
No overnight interest for Muslim traders
Disadvantages:
High account size minimum for mini Forex
Commissions for no-overnight interest accounts
Opening an account is a complicated process
Click here to open an account with Forex.CH
Finotec — Forex Broker
Finotec:
Company: Finotec Trading UK Ltd
On-line since: 2005
Country of origin: United Kingdom
Regulation: Authorized and regulated by the Financial Services Authority (FSA Register Number 470392).
Payment options: Bank wire, PayPal and credit cards
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Easy-to-use trading platform for mini Forex accounts
Options trading available
Disadvantages:
No MetaTrader 4 software support
High account size requirement to use Finotec Trading Platform
Click here to open an account with Finotec
ECN broker — Forex Broker
ECN broker:
Company: DTSecurities.at GmbH, Austria
On-line since: 2004
Country of origin: Austria
Regulation: Member of NFA and registered with CFTC.
Payment options: Bank wire
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:400
Spreads: 3 pips on EUR/USD
Advantages:
Regulated broker with low minimum account ($200) and high leverage (1:400)
Additional trading services (stocks and futures)
Disadvantages:
No Metatrader 4 software support
Click here to open an account with ECN broker
IFC Markets — Forex Broker
IFC Markets:
Company: IFC Markets Corp.
On-line since: 2006
Country of origin: British Virgin Islands
Regulation: Incorporated in British Virgin Islands with registration number IBC CAP. 291 Reg. #669838 and is under jurisdiction of the Financial Services Commission (FSC).
Payment options: WebMoney, Liberty Reserve, bank wire, credit cards and CashU
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
WebMoney deposit option
Only $1 to start trading
Disadvantages:
No Metatrader 4 software support
Click here to open an account with IFC Markets
IG Markets — Forex Broker
IG Markets:
Company: IG Group
On-line since: 2001
Country of origin: United Kingdom
Regulation: Regulated by the Financial Services Authority (FSA) and a member of the London Stock Exchange (LSE).
Payment options: Wire transfer, checks, credit cards and Moneybookers
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:50
Spreads: 3 pips on EUR/USD
Advantages:
Solid financial company
Web based trading platform
CFD and metals trading is available
Disadvantages:
No Metatrader 4 software support
Low leverage - 1:50
Click here to open an account with IG Markets
CMC Markets — Forex Broker
CMC Markets:
Company: CMC Markets UK Plc
On-line since: 2005
Country of origin: United Kingdom
Regulation: Registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
Payment options: Wire transfer, credit cards and checks
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Competitive spreads
Disadvantages:
No Metatrader 4 software support
Opening an account is a complicated process
Click here to open an account with CMC Markets
iFOREX — Forex Broker
iFOREX:
Company: iFOREX
On-line since: 2006
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: Bank wire and credit cards
Minimum account size: $100
Minimum lot size: 0.5 lot
Leverage: up to 1:400
Spreads: 3 pips on EUR/USD
Advantages:
Web and stand-alone trading platforms available
Disadvantages:
No Metatrader 4 software support
No demo accounts available
Click here to open an account with iFOREX
GCI Financial — Forex Broker
GCI Financial:
Company: GCI Financial Ltd.
On-line since: 2002
Country of origin: Belize
Regulation: Registered by International Financial Services Commission of Belize.
Payment options: Wire transfer, credit cards, PayPal, Moneybookers, WebMoney and check
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Indexes and CFD trading available
Muslim-friendly Forex broker
MetaTrader 4 trading platform
Web-based platform
Disadvantages:
No important disadvantages
Click here to open an account with GCI Financial
Xforex — Forex Broker
Xforex:
Company: XFOREX Inc.
On-line since: 2003
Country of origin: Cyprus/Canada
Regulation: Unregulated
Payment options: Wire transfer and credit cards
Minimum account size: $50
Minimum lot size: 0.05 lot
Leverage: up to 1:400
Spreads: 3 pips on EUR/USD
Advantages:
Web based Forex trading platform
Muslim friendly Forex broker
Disadvantages:
No MetaTrader 4 support
No demo Forex accounts
Doesn't accept traders from U.S. and Nigeria
Click here to open an account with Xforex
FxPro — Forex Broker
FxPro:
Company: EuroOrient Securities and Financial Services Ltd.
On-line since: 2008
Country of origin: Cyprus
Regulation: Regulated by the Cyprus Securities and Exchange Commission (license #078/07).
Payment options: Wire transfer, credit cards and PayPal
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 1.8 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform
Really tight spreads
Disadvantages:
No important disadvantages
Click here to open an account with FxPro
GFS Forex & Futures — Forex Broker
GFS Forex & Futures:
Company: GFS Forex & Futures, Inc.
On-line since: 2006
Country of origin: USA
Regulation: Regulated by the U.K. Financial Services Authority (FSA).
Payment options: Wire transfer, check and PayPal
Minimum account size: $500
Minimum lot size: 0.1 lot
Leverage: 1:100 and 1:200
Spreads: 3 pips on EUR/USD
Advantages:
No important advantages
Disadvantages:
No MetaTrader 4 support
Opening a trading account is a complicated process
Don't accept U.S. citizens
Click here to open an account with GFS Forex & Futures
DeltaStock — Forex Broker
DeltaStock:
Company: Deltastock Inc.
On-line since: 2001
Country of origin: Bulgaria
Regulation: Regulated by the Financial Supervision Commission and the Bulgarian National Bank.
Payment options: Wire transfer, credit card and Moneybookers
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: variable from 0.1 pip and fixed 2 pip spread on EUR/USD
Advantages:
Supports MetaTrader platform through MetaTrader Bridge
CFD, metals, commodities and Bulgarian stocks trading is available
Both stand-alone and browser platforms are available
Both variable and fixed spreads are available
Regular trading contests
Disadvantages:
Opening an account is a complicated process
Click here to open an account with DeltaStock
GDI Markets — Forex Broker
GDI Markets:
Company: GDI Markets Limited
On-line since: 2007
Country of origin: United Kingdom
Regulation: Regulated by the Financial Services Authority (FSA reference #458099).
Payment options: Bank wire
Minimum account size: $10,000
Minimum lot size: 0.1 lot
Leverage: from 1:12.5 to 1:100
Spreads: 3.5 pips on EUR/USD
Advantages:
Forex, CFDs, stocks, ETFs and metals are available for trading
Disadvantages:
No MetaTrader 4 support
Commission on low-size positions
Opening an account is a complicated process
Click here to open an account with GDI Markets
ForexYard — Forex Broker
ForexYard:
Company: FxYard Limited
On-line since: 2005
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Credit card, bank wire transfer and Western Union
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:100 to 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Java based trading platform available
Forex market news
Trading courses available
No overnight interest rate accounts available
Disadvantages:
No MetaTrader 4 software support
U.S., Cyprus and New Zealand citizens can't open accounts
Click here to open an account with ForexYard
HY Markets — Forex Broker
HY Markets:
Company: HY Markets
On-line since: 2007
Country of origin: United Kingdom
Regulation: Authorized and regulated by FSA (United Kingdom)
Payment options: Bank wire, credit cards, PayPal, CashU
Minimum account size: $50
Minimum lot size: 0.02 lot
Leverage: 1:200
Spreads: 3-7 pips on EUR/USD
Advantages:
Web based trading platform available
Freeze rate function
No slippage
Real-time news
Disadvantages:
MetaTrader 4 software available only to VIP clients
Click here to open an account with HY Markets
Prime4x — Forex Broker
Prime4x:
Company: Prime Forex LLC
On-line since: 2008
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Wire transfer and credit cards
Minimum account size: $100
Minimum lot size: 0.01
Leverage: 1:100, 1:400 and 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform is available
Promotional bonuses
Disadvantages:
No important disadvantages
Click here to open an account with Prime4x
BroCo — Forex Broker
BroCo:
Company: BroCo Investments Inc.
On-line since: 2003
Country of origin: Mauritius
Regulation: Licensed by the Financial Services Commission of Mauritius.
Payment options: Moneybookers, WebMoney, credit cards and wire transfer
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Asset management services
Various traders' contests
Disadvantages:
Opening a trading account isn't an easy process
Click here to open an account with BroCo
Forex Place — Forex Broker
Forex Place:
Company: Forex Place Ltd.
On-line since: 2009
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: Credit card, wire transfer, Moneybookers, Neteller and EcoCard
Minimum account size: $100
Minimum lot size: 0.01 lots
Leverage: 1:300
Spreads: 3 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Trader bonuses
Forex trading education
Islamic trading accounts are available
Disadvantages:
Spreads are relatively high
Click here to open an account with Forex Place
StartForex — Forex Broker
StartForex:
Company: StartForex Ltd.
On-line since: 2007
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Wire transfer and credit card
Minimum account size: $100
Minimum lot size: 0.1 lots
Leverage: up to 1:400
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Web-based trading platform
Muslim-friendly accounts are available
Bonus on deposits
Disadvantages:
Bucket-shop — they earn from the traders' losses
Demo accounts are available only after the first deposit
Website heavy-loads the browser
Click here to open an account with StartForex
Alma Forex — Forex Broker
Alma Forex:
Company: Alma Forex
On-line since: 2008
Country of origin: Seychelles
Regulation: Registered in the Republic of Seychelles (registration number is 053400).
Payment options: WebMoney, AlertPay, Liberty Reserve, credit cards and wire transfer
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: from 1:50 to 1:500
Spreads: 1-2 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Muslim-friendly accounts with no overnight interest
Extremely low minimum account size and trade amount
Spread is as low as 1 pip for accounts starting with $100
Disadvantages:
Don't allow trading with EAs
Click here to open an account with Alma Forex
UFXBank — Forex Broker
UFXBank:
Company: UFXBank
On-line since: 2009
Country of origin: United Kingdom
Regulation: Unregulated
Payment options: PayPal, Moneybookers, WebMoney, Neteller, Western Union, credit cards and wire transfer
Minimum account size: $500
Minimum lot size: 0.05 lot
Leverage: 1:200
Spreads: 2-4 pips on EUR/USD
Advantages:
Browser-based trading platform
Disadvantages:
Demo account only after speaking with the manager
Browser-based trading platform
Relatively high spreads
Click here to open an account with UFXBank
MoneyRain — Forex Broker
MoneyRain:
Company: Money Rain Corporation
On-line since: 2006
Country of origin: Austria
Regulation: Licensed by FCSM (Russian Federation, license number: 078-10332-100000).
Payment options: Moneybookers, bank transfer, scratch-card, WebMoney, RBK Money and credit card
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 1-3 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Interest rate paid on trading account balance
Disadvantages:
No important disadvantages
Click here to open an account with MoneyRain
An assorted list of Forex brokers that provide all traders with the opportunity to trade oil and sometimes other types of commodities. Oil price is strongly connected to the currency rates, that's why the oil market often brings a good chance to the Forex traders to increase their usual profit.
FXOpen — Forex Broker
FXOpen:
Company: FXOpen Investments Inc.
On-line since: 2005
Country of origin: Mauritius
Regulation: Regulated by Financial Service Commission (FSC)
Payment options: Liberty Reserve, WebMoney, CashU and wire transfer
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: from 1:1 to 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 Forex broker
ECN Forex broker
Traders contests and competitions
Bonus for real trader account opening
Muslim Forex broker - no-overnight interest accounts
WebMoney funds deposit/withdraw option
Futures trading is available
Start trading with as little as $1
Disadvantages:
No important disadvantages
Click here to open an account with FXOpen
Forex4you — Forex Broker
Forex4you:
Company: E-Global Trade & Finance Group, Inc.
On-line since: 2007
Country of origin: United Kingdom
Regulation: Unregulated
Payment options: WebMoney, Liberty Reserve, e-gold, credit cards and bank wire
Minimum account size: $1
Minimum lot size: 0.0001 lots
Leverage: up to 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Interest rate on account balance
Muslim-friendly accounts with no overnight interest
Extremely low minimum account size and trade amount
Disadvantages:
No important disadvantages
Click here to open an account with Forex4you
Ava FX — Forex Broker
Ava FX:
Company: Ava FX
On-line since: 2006
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: WebMoney, PayPal, Moneybookers, Western Union, e-gold, credit cards and bank wire
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Variety of billing options available
CFD, Forex, metals and oil trading
Disadvantages:
No Metatrader 4 software support
Click here to open an account with Ava FX
Easy-Forex — Forex Broker
Easy-Forex:
Company: Easy-Forex
On-line since: 2001
Country of origin: Cyprus
Regulation: Registered with NFA (ID #0358754).
Payment options: Credit cards, PayPal
Minimum account size: $200
Minimum lot size: 0.025 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Advantages:
No need to download trading software
Ability to "freeze" current rates for a few seconds
Oil trading is available
Disadvantages:
No MetaTrader 4 software support
Java based trading platform
High spreads
Click here to open an account with Easy-Forex
Plus500 — Forex Broker
Plus500:
Company: MeVideoCY Ltd.
On-line since: 2009
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Credit cards, PayPal and wire transfer
Minimum account size: $50
Minimum lot size: 0.1 lots
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
Forex, CFD, commodities and index trading
Bonus on deposit
Free $20 bonus upon account opening
Disadvantages:
No MetaTrader 4 platform
Residents of Russia, Ukraine, Belarus and some other post-Soviet countries aren't allowed to open an account
Click here to open an account with Plus500
InvestTechFX — Forex Broker
InvestTechFX:
Company: InvestTechFx Technologies Inc.
On-line since: 2006
Country of origin: Canada
Regulation: Registered in Canada under Canada Business Corporation Act.
Payment options: Bank transfer, PayPal, Moneybookers and credit cards
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: from 1:1 to 1:500
Spreads: 1 pip on EUR/USD
Advantages:
MetaTrader 4 Forex broker
Low spreads
Muslim-friendly accounts available
Disadvantages:
No important disadvantages
Click here to open an account with InvestTechFX
FxCompany — Forex Broker
FxCompany:
Company: FxCompany Ltd
On-line since: 2006
Country of origin: Mauritius
Regulation: Is a licensed provider of investment adviser services and regulated by FSC (Financial Services Commission) of Mauritius. License no. C109007280, issued on 25.03.2009.
Payment options: Wire transfer, WebMoney, Moneybookers and Liberty Reserve
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 0.8 pip on EUR/USD
Advantages:
MetaTrader broker
Informative website
Contests of traders
Forex, futures, CFD, metals and oil trading instruments
Muslim-friendly accounts without overnight swaps
Disadvantages:
No important disadvantages
Click here to open an account with FxCompany
Saxo Bank — Forex Broker
Saxo Bank:
Company: Saxo Bank
On-line since: 1999
Country of origin: Denmark
Regulation: Saxo Bank is an officially registered European bank.
Payment options: Wire transfer
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Unique trading software
Very solid company
Disadvantages:
Very high margin requirements
Opening an account is a complicated process
Click here to open an account with Saxo Bank
X-Trade Brokers — Forex Broker
X-Trade Brokers:
Company: X-Trade Brokers S.A.
On-line since: 2006
Country of origin: Poland
Regulation: Regulated by the Securities and Exchange Commissions of Poland.
Payment options: Bank wire
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Advantages:
MetaTrader4 software support
Supports trading over the phone
Muslim Forex broker
Disadvantages:
No mini Forex accounts
Opening an account is a complicated process
Click here to open an account with X-Trade Brokers
MB Trading — Forex Broker
MB Trading:
Company: MB Trading Futures, Inc. (MBTF) and 3DForex, LLC
On-line since: 2002
Country of origin: USA
Regulation: Commodity Futures Trading Commission (CFTC) registered Futures Commission Merchant (FCM) and a member of National Futures Association (NFA).
Payment options: Bank wire
Minimum account size: $400
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: ECN broker - 0.5 pips average on EUR/USD
Advantages:
MetaTrader 4 software support
ECN Forex broker
Low, floating spreads
Supports trading over the phone
Disadvantages:
Commissions for trading
Opening an account is a complicated process
Residents of some countries can't open account
Click here to open an account with MB Trading
Finotec — Forex Broker
Finotec:
Company: Finotec Trading UK Ltd
On-line since: 2005
Country of origin: United Kingdom
Regulation: Authorized and regulated by the Financial Services Authority (FSA Register Number 470392).
Payment options: Bank wire, PayPal and credit cards
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Easy-to-use trading platform for mini Forex accounts
Options trading available
Disadvantages:
No MetaTrader 4 software support
High account size requirement to use Finotec Trading Platform
Click here to open an account with Finotec
ECN broker — Forex Broker
ECN broker:
Company: DTSecurities.at GmbH, Austria
On-line since: 2004
Country of origin: Austria
Regulation: Member of NFA and registered with CFTC.
Payment options: Bank wire
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:400
Spreads: 3 pips on EUR/USD
Advantages:
Regulated broker with low minimum account ($200) and high leverage (1:400)
Additional trading services (stocks and futures)
Disadvantages:
No Metatrader 4 software support
Click here to open an account with ECN broker
ODL Securities — Forex Broker
ODL Securities:
Company: ODL Securities Limited
On-line since: 2004
Country of origin: United Kingdom
Regulation: Regulated by Financial Services Authority. It is a member of the London Stock Exchange and London International Financial Futures and Options Exchange (Euronext.LIFFE).
Payment options: Wire transfer, credit cards and checks
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Metatrader 4 Forex broker
Disadvantages:
No longer accepts U.S. citizens
Click here to open an account with ODL Securities
MF Global — Forex Broker
MF Global:
Company: MF Global UK Limited
On-line since: 2002
Country of origin: United Kingdom
Regulation: Regulated by the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA) and the Securities and Exchange Commission (SEC).
Payment options: Wire transfer
Minimum account size: $10,000
Minimum lot size: 1 lot
Leverage: 1:40 (1:10 for CFD)
Spreads: 3 pips on EUR/USD
Advantages:
Solid financial company
Futures and options trading is available
Disadvantages:
No Metatrader 4 software support
Opening an account is a complicated process
Low leverage - 1:40
No mini Forex accounts
Click here to open an account with MF Global
IG Markets — Forex Broker
IG Markets:
Company: IG Group
On-line since: 2001
Country of origin: United Kingdom
Regulation: Regulated by the Financial Services Authority (FSA) and a member of the London Stock Exchange (LSE).
Payment options: Wire transfer, checks, credit cards and Moneybookers
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:50
Spreads: 3 pips on EUR/USD
Advantages:
Solid financial company
Web based trading platform
CFD and metals trading is available
Disadvantages:
No Metatrader 4 software support
Low leverage - 1:50
Click here to open an account with IG Markets
CMC Markets — Forex Broker
CMC Markets:
Company: CMC Markets UK Plc
On-line since: 2005
Country of origin: United Kingdom
Regulation: Registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).
Payment options: Wire transfer, credit cards and checks
Minimum account size: $2,000
Minimum lot size: 1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:
Competitive spreads
Disadvantages:
No Metatrader 4 software support
Opening an account is a complicated process
Click here to open an account with CMC Markets
GCI Financial — Forex Broker
GCI Financial:
Company: GCI Financial Ltd.
On-line since: 2002
Country of origin: Belize
Regulation: Registered by International Financial Services Commission of Belize.
Payment options: Wire transfer, credit cards, PayPal, Moneybookers, WebMoney and check
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Indexes and CFD trading available
Muslim-friendly Forex broker
MetaTrader 4 trading platform
Web-based platform
Disadvantages:
No important disadvantages
Click here to open an account with GCI Financial
FxPro — Forex Broker
FxPro:
Company: EuroOrient Securities and Financial Services Ltd.
On-line since: 2008
Country of origin: Cyprus
Regulation: Regulated by the Cyprus Securities and Exchange Commission (license #078/07).
Payment options: Wire transfer, credit cards and PayPal
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 1.8 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform
Really tight spreads
Disadvantages:
No important disadvantages
Click here to open an account with FxPro
DeltaStock — Forex Broker
DeltaStock:
Company: Deltastock Inc.
On-line since: 2001
Country of origin: Bulgaria
Regulation: Regulated by the Financial Supervision Commission and the Bulgarian National Bank.
Payment options: Wire transfer, credit card and Moneybookers
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: variable from 0.1 pip and fixed 2 pip spread on EUR/USD
Advantages:
Supports MetaTrader platform through MetaTrader Bridge
CFD, metals, commodities and Bulgarian stocks trading is available
Both stand-alone and browser platforms are available
Both variable and fixed spreads are available
Regular trading contests
Disadvantages:
Opening an account is a complicated process
Click here to open an account with DeltaStock
ForexYard — Forex Broker
ForexYard:
Company: FxYard Limited
On-line since: 2005
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Credit card, bank wire transfer and Western Union
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:100 to 1:200
Spreads: 3 pips on EUR/USD
Advantages:
Java based trading platform available
Forex market news
Trading courses available
No overnight interest rate accounts available
Disadvantages:
No MetaTrader 4 software support
U.S., Cyprus and New Zealand citizens can't open accounts
Click here to open an account with ForexYard
HY Markets — Forex Broker
HY Markets:
Company: HY Markets
On-line since: 2007
Country of origin: United Kingdom
Regulation: Authorized and regulated by FSA (United Kingdom)
Payment options: Bank wire, credit cards, PayPal, CashU
Minimum account size: $50
Minimum lot size: 0.02 lot
Leverage: 1:200
Spreads: 3-7 pips on EUR/USD
Advantages:
Web based trading platform available
Freeze rate function
No slippage
Real-time news
Disadvantages:
MetaTrader 4 software available only to VIP clients
Click here to open an account with HY Markets
Prime4x — Forex Broker
Prime4x:
Company: Prime Forex LLC
On-line since: 2008
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Wire transfer and credit cards
Minimum account size: $100
Minimum lot size: 0.01
Leverage: 1:100, 1:400 and 1:500
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 trading platform is available
Promotional bonuses
Disadvantages:
No important disadvantages
Click here to open an account with Prime4x
BroCo — Forex Broker
BroCo:
Company: BroCo Investments Inc.
On-line since: 2003
Country of origin: Mauritius
Regulation: Licensed by the Financial Services Commission of Mauritius.
Payment options: Moneybookers, WebMoney, credit cards and wire transfer
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Asset management services
Various traders' contests
Disadvantages:
Opening a trading account isn't an easy process
Click here to open an account with BroCo
Forex Place — Forex Broker
Forex Place:
Company: Forex Place Ltd.
On-line since: 2009
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: Credit card, wire transfer, Moneybookers, Neteller and EcoCard
Minimum account size: $100
Minimum lot size: 0.01 lots
Leverage: 1:300
Spreads: 3 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Trader bonuses
Forex trading education
Islamic trading accounts are available
Disadvantages:
Spreads are relatively high
Click here to open an account with Forex Place
MoneyRain — Forex Broker
MoneyRain:
Company: Money Rain Corporation
On-line since: 2006
Country of origin: Austria
Regulation: Licensed by FCSM (Russian Federation, license number: 078-10332-100000).
Payment options: Moneybookers, bank transfer, scratch-card, WebMoney, RBK Money and credit card
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 1-3 pips on EUR/USD
Advantages:
MetaTrader 4 platform
Interest rate paid on trading account balance
Disadvantages:
No important disadvantages
Click here to open an account with MoneyRain
