Online Forex Account

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
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□ JUSTFOREX

Foundation: 2012
License: IFSC

  • License No: IFSC/60/241/TS/17

US: No
Broker Type: DD/STP
 
Leverage: 500:1
 
Auto-Trading: Yes
Scalping: Yes
Social Trading: No
PAMM Accounts: No
Free VPS: No
 

■ MetaTrader-4

■ WebTrader

■ Current Promotion:

100% Welcome Bonus (maximum 20,000 USD)

■ Minimum Deposit: $1

■ DEPOSIT METHODS

Wire | Cards

Perfect Money | Neteller

FasaPay | Qiwi

Bitcoin | Bitcoin Cash
  • Wide Asset Index
  • Multilingual Support
  • 100% Welcome Bonus

□ 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
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