Nowadays, you can easily learn trading from free forex webinars provided by forex brokers. Find out more about these webinars in this article.
Many traders would step into the forex market expecting to get a huge profit in a short period of time. While it is true that the forex market is massive, highly volatile, and has a high chance of profit, the market is also highly competitive, complicated, and risky.
There is no guarantee that the traders' funds will be safe and bring profit every single time. Even professional traders experience loss from time to time. They could fail miserably if they pick the wrong move or predict the wrong outcome.
So, it is not easy to consistently win in the forex market, especially if you just started trading. For that reason, every trader needs an effective trading strategy that can help them compete against other participants in the market, including other traders, hedge funds, and even large multinational corporations.
You need to be smart and speculative to build a proper trading strategy. There are solutions to make traders get over the learning curve: trading courses. Many forex brokers have started to offer their clients learning programs in recent years, usually for free.
So, traders must only register an account with the broker to access these educational programs. One of the most practical learning methods is the online forex webinars provided by the forex broker.
Some brokers that provide this useful features are:
- XM: The webinars are available in over 10 languages.
- FBS: The free webinars are usually held weekly and cover various themes.
- OctaFx: Provides free webinars for any trader via their Youtube channel.
- Pepperstone: Pepperstone offers webinars that cover the essentials of forex scalping.
- FP Markets: Their webinars cover the fundamentals of forex trading and teach unique trading strategies.
This article will talk about the advantages of free forex webinars provided by forex brokers and the list of brokers that provide the service.
Forex Brokers Offering Free Forex Webinars
As a part of their strategy to attract clients and commitment to serve the best trading support, brokers started to offer free webinar programs in the last few years, making it easier for traders to find free educational materials regarding forex trading from reliable forex instructors. Here are 5 examples of forex brokers that provide free forex webinars.
1. XM
XM is one of the globally recognized brokers that include free weekly webinars. The webinars are available in over 10 languages and quite informative in appearance both for beginners and advanced traders. According to the broker's webinar guide, the webinars signify XM's commitment to providing free forex education for traders.
This aspect can also determine the broker's credibility because most scam brokers don't even bother with the traders' knowledge and skills. Even worse, they would trick their clients into losing the trade.
To participate in the XM weekly webinars, traders only need to register, open an account, and choose which webinar to participate in. After completing the registration process, traders will receive a confirmation email containing instructions on participating in the free webinars.
Webinar Details
- Duration: 1 hour, 7 days a week.
- Language: English, French, German, Greek, Hungarian, Italian, Russian, etc
- Fee: Free
- Host: Forex professional.
XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide.
Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, XM Global Limited was established in 2017 with headquarters in Belize and Trading Point MENA Limited was established in 2019 with headquarters in Dubai.
XM Group is regulated by the CySEC (Cyprus Securities and Exchange Commission) - Trading Point of Financial Instruments Ltd, FSC (Financial Services Commission) – XM Global Limited, the ASIC (Australian Securities and Investments Commission) - Trading Point of Financial Instruments Pty Ltd and DFSA (Dubai Financial Services Authority) - Trading Point MENA Limited.
XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts.
In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Crypto, Stock CFDs, Turbo Stocks, Commodities, Equity Indices, Precious Metals, Energies, & Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.
Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip.
To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.
For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.
To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).
All in all, there is no doubt that XM has gone global with its deep commitment to providing services in more than 30 different languages across the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.
For their global approach, XM has ensured that traders from various countries could access their service easily. This results in the provision of different domains specified for traders in certain jurisdictions. For example, traders from Indonesia could access XM via this link.
2. FBS
FBS is the next broker that provides free forex webinars for its traders. The free webinars are usually held weekly, and cover various themes suitable for almost any type of traders. The materials include real-time analysis, event trading, trading skills, and market analysis. Tips are also offered on how to manage the risks of trading.
Additionally, FBS provides information on the forex market's current trends and future price movements. The webinars are only available in English, and the speakers are top analysts.
Registering to FBS forex webinars is quite easy; you only need to enter your name and email address in the required fields. Besides webinars, FBS also offers other educational programs such as daily analysis and online trading courses.
Webinar Details
- Duration: 1-1.5 hours
- Language: English
- Fee: Free
- Host Credibility: Lead by FBS top analyst.
Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.
FBS is regulated by FSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.
Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.
FBS spread begins from 0.5 pips for Pro account type and from 0.7 pips for Standard and Cent accounts. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.
Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading instruments: 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs.
Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.
FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.
MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.
Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of FSCing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.
Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.
Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.
Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.
In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.
3. OctaFX
OctaFx is a popular retail broker that has been around since 2011 and has added free webinars to its service in 2017. Unlike other brokers that require traders to first register and open an account, OctaFX provides free webinars literally for any trader via their Youtube channel. In recent years, the broker has expanded the program to present other experts from non-English countries.
Aside from the education program, the OctaFX channel on Youtube also publishes forex fundamental analysis videos. Some of them were led by Yohay Elam from Forex Crunch that already has more than 10 years of forex trading experience and Dan Blystone, a market strategist at FXStreet, who hosted the weekly market projections.
Webinar Details
- Duration: 1 hour
- Language: English
- Fee: Free
- Host Credibility: Expert traders.
4. Pepperstone
Pepperstone is well-known to be a scalping-friendly broker. Scalping is a trading style that focuses on making small but consistent profits from small market changes in the forex market.
This style is quite unique and requires its traders to analyze the market correctly to maintain high winning rates. However small, the basic principle is still profit, so scalpers need to minimize the risk of losing and increase the probability of winning.
In this case, Pepperstone provides webinars that cover the essentials of forex scalping. The instructors will explain how to scalp effectively and even demonstrate the strategies. So if you are a scalper or you're interested in scalping, Pepperstone's webinars can be particularly essential for you.
Webinar Details
- Duration: 1 hour
- Language: English
- Fee: Free
- Host Credibility: Professional traders.
Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.
Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone.
They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.
Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:
- The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
- Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
- Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018
With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.
For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.
Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.
When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.
Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).
There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.
Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. You can start trading with a minimum lot of 0.01 (micro) and 1:400 leverage.
As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.
If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.
Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.
5. FP Markets
FP Markets webinar offers a valuable opportunity for both inexperienced and experienced traders. Novice traders can gain essential knowledge about forex basics and acquire insights on effectively utilizing trading platforms like MetaTrader 4. On the other hand, experienced traders can refine their skills and gain valuable insights into the trading strategies employed by seasoned professionals.
With diverse webinars tailored to cater to traders of all skill levels, FP Market provides the ideal platform for individuals seeking to enhance their trading abilities. This is the perfect choice for a new trader or those wanting to further develop their skills. Don't miss this chance to register and elevate your trading prowess to new heights.
Webinar Details
- Duration: 1.5 hours
- Language: English, Spanish, Chinese, Arabic, Polish, Vietnamese, etc.
- Fee: Free
- Host Credibility: Profesional traders.
Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:
- ACWI: -5.00 for long positions and -2.50 for short positions.
- ADAUSD: -20.00 for long positions and -20.00 for short positions.
- AGG: -5.00 for long positions and -2.50 for short positions.
Things to Consider in Choosing Forex Webinars
With the increasing number of webinars offered by brokers recently, there are several qualities that you should take into account before choosing one:
1. The Flexibility of Time and the Supported Language
Some trading courses need more commitment than others. Pay attention to the duration of each webinar provided by the broker, and make sure that the duration is worth the amount of lesson you will get. Also, since many webinars are live programs, keeping track of the schedule is important so you won't fall behind or come in late.
Apart from the time, you should also check the language used. Most brokers offer English webinars as the main program, but some brokers offer webinars in some other languages as well for non-English speakers.
2. The Cost
Most brokers provide free webinars for their traders. However, although it is referred to as free, some brokers set additional requirements such as opening a real account or depositing a certain amount of funds.
If you consider the requirements still affordable and the webinars worth checking out, then go on. But if you have any objection to the conditions, you can find another broker or watch free webinars on Youtube.
3. The Course and the instructor's Credibility
If you want a high-quality webinar, you can search for reviews about the broker first. Some brokers are widely known to provide excellent educational programs in the form of free forex webinars.
You can also find out more about the reputation of the webinar's mentors or instructors. Usually, the instructor is an expert trader with many experiences and a good track record. The more information you can gather from the instructor who will teach in the webinars, the better.
Be careful of scam brokers that promise free courses about getting instant profits or building a perfect trading strategy that works every time. Remember that a solid training program won't promise anything unrealistic like that. They will only emphasize the importance of trading with tested strategies and realistic information about the forex market.
Conclusion
Forex learning doesn't require you to fly across countries and attend seminars held by professionals. You can sit in front of your computer and attend a high-quality webinar directly from home, entirely free.
There are many advantages to trying out webinars, from improving your trading skills, and maximizing the use of various trading instruments, to helping you analyze the market better.
It is also very cost-effective because you only have to register and open an account (which you must do anyway to start forex trading) to access the webinars. Imagine the cost of attending a seminar in another country or subscribing to trading courses for a one-on-one consultation with an expert.
Besides webinars, there are other ways to get free education from brokers. These methods can vary according to the broker itself. It can be through an online class or even a podcast.