Compare Forex Brokers

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Compare Forex Brokers

How to compare and choose a Forex Broker

In your search for finding the right forex broker that suits your trading style, one of the obvious steps involved is to compare forex brokers from the short list of brokers that you already have. While the initial research into comparing forex brokers might have led you to a list of credible forex brokers to trade with, the next step will allow you to focus on the smaller details that can make a difference to your trading.

The short list from the forex broker comparison table can be from different set of parameters that you might have used and narrowed down your search for a forex broker to a select few. Finding the right forex broker from here onwards takes a more serious approach and requires making use of forex broker's comparison table. Using the forex broker comparison tool you can narrow down on a lot of other factors such as spreads, swap conditions, deposit or withdrawal fees, and other important criteria such as security of funds, regulation and so on (which you would have already done previously).

When it comes to spreads, make sure that you compare forex brokers, to keep an eye on the spreads during normal trading hours and during high impact news releases such as the monthly NFP report and so on. It is in your best interests to see how the brokers deal with spreads ahead of a big news event which as many of you know results in wider spreads. The question to ask is whether the spreads are reasonable. Some forex brokers tend to take advantage of these high impact news releases to widen their spreads, resulting in premature trigger of stop loss orders.

For swing trades, using the forex broker comparison tool, always check to see if the overnight swaps are competitive. When you leave your trade open over a period of time, chances are that the overnight spreads will eat into your profits. Not all forex brokers offer the same overnight swaps and this is something to bear in mind.

Assuming that all the forex brokers in your short list have all the prerequisites such as being licensed, regulated and so on, it all comes down to the finer details that show up from the forex broker comparison tool to achieve the best trading conditions for your trading journey.

While it might seem a bit arduous for searching for a forex broker, bear in mind that it is essential to do your due diligence before you commit your funds. Therefore it is always prudent to do a thorough analysis by comparing forex brokers to narrow down to the best forex broker that suits your trading style.

Tips:

1. Select Brokers to compare from the scrollable selection list on the left sidebar of the website. Enter a query in the search box to find a specific Broker to select.

2. Select from the above dropdown list the way the selected Brokers would display in the comparison table (Vertical or Horizontal).

3. Select which information / details of the Brokers would be displayed in the comparison table by pressing the green buttons above (Profile, Accounts, Payment Options, Trading Terms - A pop up window would appear).


Broker Domicile Offices Regulation Broker Type US Clients
Sample #1 52 40 9 47 31
Sample #1 52 40 9 47 31

Profile

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Domicile
Offices
Regulation
Broker Type
US Clients

Accounts

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Min Deposit
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Min Lot Size
Base Currencies
Min Spread EUR/USD
Commission
Spread Type
Products

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Deposit
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VIP Clients
News Trading
Mirror/Social Trading
Scalping
Hedging
Expert Advisors
Trading Platforms Available
Decimal Pricing
Execution
Trailing Stops
OCO Orders
One Click Execution
Mobile Trading
Web-Based Trading
API Solutions
Total Currency Pairs
Exotic Pairs Included
Gold, Silver
Oil
CFDs
MAM/PAMM Solutions
Managed Account Services
A. Swap-Free Trading
A.1. Available To Anyone
A.2. Islamic Clients Only
A.3. Restrictions Applied
Segregated Accounts
Interest On Unused Margin
Bonuses / Rewards
Trading Contests
Binary Options
Spread Betting
Bitcoin Trading
Affiliates/Partners
Affiliate Programs