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

□ LQDFX

Foundation: 2015
License: (N/A)

US: No
Broker Type: ECN/STP

Leverage:  30:1 to 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

□ AXI

Foundation: 2007
License: ASIC, FCA UK

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 Web

■ Current Promotion:

  • Free VPS

■ Minimum Deposit: $20

■ DEPOSIT METHODS

Wire | Cards

Skrill | Neteller

BPay

 
  • Tight spreads starting at 0.0 pip and $7 per lot
  • Free VPS & Autochartist
  • 50+ Forex pairs
  • PAMM Accounts

□ 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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□ 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:  30:1
 
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

□ FBS

Foundation: 2009
License: CRFIN

  • License No: 009069697

US: No
Broker Type: ECN/STP

Leverage:  30:1 to 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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