COMPARE ONLINE FOREX ACCOUNTS

COMPARE ONLINE FOREX ACCOUNTS

An online Forex account is an account that can hold and trade Forex currency pairs. When choosing a Forex Broker, focus on (i) safety of money, (ii) fund methods, (iii) trading cost, and (iv) available asset index.

BROKERAGE

TRADING FEATURES

TRADING PLATFORM

FUNDING TERMS WEBSITE

□ FP MARKETS

Foundation: 2005
License: ASIC Australia & CySEC

License No: 

  • ASIC (No 286354)
  • CySEC Cyprus (No 371/18)

US: No

Broker Type: ECN/STP

Leverage: 500:1
 
Auto-Trading: Yes
Scalping: Yes
Social Trading: No
PAMM Accounts: Yes
Free VPS: Yes
 

■ MetaTrader-4

■ MetaTrader-5

■ IRESS Trader

■ WebTrader

■ Current Promotion:

Free VPS

■ Minimum Deposit: $100

■ DEPOSIT METHODS

Wire | Cards

Skrill | Neteller

FasaPay

  • 60 Forex pairs
  • PAMM Accounts
  • Free VPS
  • Cryptocurrencies
  • Over 2,000 shares

□ IC MARKETS

Foundation: 2007
License: ASIC Australia

  • ASIC (No: 335692)

US: No

Broker Type: ECN/STP

Leverage: 500:1
 
Auto-Trading: Yes
Scalping: Yes
Social Trading: No
PAMM Accounts: Yes
Free VPS: Yes

■ MetaTrader-4

■ MetaTrader-5

■ cTrader

■ Current Promotion:

Free VPS

■ Minimum Deposit: $200

DEPOSIT METHODS

Wire | Cards

Skrill | Neteller

WebMoney

 
 
  • PAMM Accounts
  • Tight spreads
  • Fast execution
  • A wide Forex asset index
  • Cryptocurrencies
 

□ FXTM

Foundation: 2011
License: CySEC & FCA UK

License No: 

  • CySEC (No 185/12)
  • FCA (No 777911)

US: No

Broker Type: ECN/STP

Leverage: 30:1
 
Auto-Trading: Yes
Scalping: Yes
Social Trading: No
PAMM Accounts: Yes
Free VPS: Yes
 

■ MetaTrader-4

■ MetaTrader-5

 

■ Current Promotion:

Loyalty Program (rebates)

■ Minimum Deposit: $10 to $500 for ECN accounts

■ DEPOSIT METHODS

Wire | Cards

Skrill | Neteller

WesternUnion | Bitcoin

  • 50 Forex pairs
  • PAMM Accounts
  • Free VPS
START HERE

□ LQDFX

Foundation: 2015
License: (N/A)

US: No

Broker Type: ECN/STP

Leverage: 500:1
 
Auto-Trading: Yes
Scalping: Yes
Social Trading: No
PAMM Accounts: Yes
Free VPS: No
 

 

■ MetaTrader-4

 

■ Current Promotion:

  • 100% Welcome Bonus

■ Minimum Deposit: $20

■ DEPOSIT METHODS

Wire | Cards

Skrill | Neteller | FasaPay

UnionPay | UPaid Card

 
  • 100% Welcome Bonus
  • 70 Forex pairs
  • PAMM Accounts

□ FBS

Foundation: 2009
License: CRFIN

  • License No: 009069697

US: No

Broker Type: ECN/STP

Leverage: 1000:1
 
Auto-Trading: Yes
Scalping: Yes
Social Trading: No
PAMM Accounts: No
 

■ MetaTrader-4

■ MetaTrader-5

■ Current Promotion:

$123 Free Bonus

50% Deposit Bonus

■ Minimum Deposit:

-$1 (Cent Account)

-$500 (Standard Account)

DEPOSIT METHODS

Wire | Cards

Skrill | Neteller

WebMoney

+and more

  • Welcome Bonus
  • Free No-Deposit Bonus
  • Multilingual Support for Asian traders

 

Starting an Online Forex Account

Typically, you open an account, upload the documents verifying who you are, deposit some money, and then you can buy/sell Forex currency pairs. As concerns the verification process, new online Forex accounts require the following documents:

(a) Proof of Identification (ID, Passport, or Other)

(b) Proof of Address (a Bill in your name)

(c) If you want to use a Credit/Debit card, then a 2-side photocopy of your card

 
■ Online Forex Accounts Comparison
ExpertSignal.com

A managed account is a fully segregated trading account to a brokerage firm, individually owned by an investor, but managed by a professional money manager on his behalf

What is a Managed Account? A managed account is a fully segregated brokerage account, individually owned by an investor but managed by a professional money manager on his behalf. Money Managers can access that individual account only for opening, modifying, and closing trading positions. A managed account offers the chance to common investors to have their money managed by professional traders, but to maintain full control on their capital, and enjoy safety and real transparency.

Major Types of Managed Accounts

Money managers trade all investor’s accounts via a large master account. The exact structure of this arrangement follows four modules: PAMM, MAM, LAMM, and Pooled Accounts.

(i) PAMM (Percent Allocation Management Module)

A PAMM account type allows investors to allocate only a percentage of their entire capital to reflect a master account. The PAMM account type is designed to distribute all gains, losses, and fees on an equal percentage basis. In other words, all investor accounts get the same percentage returns no matter the size of their accounts. In addition, an investor can select to follow different money managers on the same account. The deposit requirements usually start as low as $500.