Did you know that you can learn forex trading for free straight from your forex broker? Here are 10 brokers that provide free learning for you.

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Most traders are aware that forex trading is not as easy as it looks because they must trade in the currency market, which is very complex, highly competitive, and hard to predict. There is no guarantee that the trader's money will be secure and free of risk, even for professional traders. In fact, as long as you have an open trading position on the table, you are always at risk.

Traders who are always eager to learn usually have a higher chance of succeeding in minimizing the risk. if you want to improve your forex trading skills, there are many learning resources that you can choose from, one of which is forex brokers.

Learn about forex trading from forex brokers

In recent years, many brokers realized that not all traders are equipped with adequate knowledge and experience about forex trading, so they provide access to educational information and learning courses for their registered clients as a part of their services. These programs range from courses with written materials to interactive events like seminars and webinars. Usually, these features are entirely free, so traders must only register with said brokers. If you are interested in trying these free educational services, here is a list of 10 brokers you can choose from.

 

1. InstaForex

InstaForex

Rating


Spread
Fixed
Regulation
FSA (St. Vincent & the Grenadines), IBC22945
Min Deposit
$1
Established
2007


Interest rate on funds

Bonus offers



Trading contests

PAMM accounts

Affiliate program

Islamic accounts available

Payment

AliPay
Bitcoin
Credit/debit cards
Litecoin
Neteller
Skrill
SOFORT
Tether (USDT)
UnionPay
Wire transfer

InstaForex is an international broker that provides trading services to traders globally. Since it was founded in 2007, InstaForex has provided for clients from various countries as many as 7 million traders. Based in Kaliningrad, Russia, InstaForex always attempts to improve the quality of the company in order to captivate the hearts of their clients.

Their hard work can be proven, one of which is by achieving a variety of awards, including Best Forex Cryptocurrency Trading Platform 2018 by UK Forex Awards, Best ECN Broker Asia 2018 by IBM, Forex Broker of the Year for Eastern Europe 2018 according to le Fonti Awards, Development, and Success award at Financial Olympus 2016-2017, etc.

There are 4 types of account offered by InstaForex representing a universal trading tool that help to work on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard, dan Cent.Eurica. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account.



Insta.Standard account is relevant for standard trading terms on the Forex market and allows a trade to be settled with classical spread and with no fees. Traders will be charged a fixed spread every time they make a transaction. Spreads that are provided ranging from 3-7 pips. The main advantage of this type of accounts is its universality, as a trader can change the trading leverage and work with a deposit size convenient for traders.

Different from Insta.Standard accounts, Insta.Eurica accounts do not require payment of any spread on opening a deal. Therefore, this type of InstaForex account is suitable for beginner trader with a minimum transaction of 0.01 lots.

There are also other types of accounts InstaForex, namely Cent.Standard and Cent.Eurica which can be used for beginner traders because they can use the minimum transaction volume, which is 0.0001 lots (the cost per lot is USD0.1 cent). Deposit currencies that can be used by traders are EUR and USD (for all types of accounts).

Trading in InstaForex is quite a given as traders can choose to trade with leverage between 1:1 to 1:1,000. With a minimum initial deposit requirement of only USD1 (for all types of accounts), InstaForex clients have the opportunity to get a 30% to 100% deposit bonus.

Not only that, but beginner traders are also exempt from confusion in determining forex trading strategies. Because Instaforex provides ForexCopy services that allow traders to copy orders from professional traders in just a few minutes.

And then, there are around 300 trading instruments offered by InstaForex for traders. In addition to currency pairs, there are also futures, shares, gold, silver, CFDs, Bitcoin, and others.

Every InstaForex client is free to choose a trading platform that can be tailored to their needs. There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4, and MetaTrader5. Each platform has advantages and disadvantages. InstaForex also provides video tutorials on how to register on each platform. It aims to make it easy for beginner traders who want to join InstaForex.

If a trader still confused after seeing the video tutorials, traders can contact customer service available 24 hours connected to various social media, including email, Skype, Whatsapp, Telegram, Viber, Twitter, and Phone Call. On the InstaForex website, there are around 30 languages provided to facilitate traders from various countries.



The trader can also help themselves with trading calculators provided on the InstaForex website. Traders can accumulate currency pairs, Leverage, volume, and currency used.

The payment system in InstaForex is also diverse. Traders can pay deposits via Visa, Mastercard, Skrill, Neteller, PayCo, as well as Wire Transfer. All in all, InstaForex is a well-rounded broker for many types of traders.

InstaForex is a well-known Russian broker that was founded in 2007. This broker can be quite attractive to novice traders, mainly because it provides not only one but several free trading educational programs. Essentially, there are at least sixteen learning packages that include informational articles on instafxeducation.com, lessons in the form of video courses, other educational programs, and trading simulators called Forex Trainers. These facilities are aimed to help traders learn how to trade in the currency market and make better trading plans.

See Also: Using Broker's Facilities The Right Way

In general, there are four categories of educational videos provided by InstaForex:

  • Trading with InstaForex, containing tutorials about how to trade with InstaForex, which helps novice traders who have never traded at all. Some examples are how to open a demo account, place orders, set indicators, manage multiple accounts, or register as an affiliate account.
  • The Indicator Tutorial, showing how to use technical indicators in the platform, as well as how to set and modify the parameters. The provided materials include guides on Bollinger Bands, Market Fractals, Moving Average, MACD, Parabolic SAR, RSI, Stochastic, Alligator Indicator, and One Click Trading Complex.
  • Trading Video Tutorials about MetaTrader 5, explaining how to navigate platform setup, settings, charts, positions and orders, Market Watch Window, Data Window, and many more.
  • Forex Video Tutorials, showing the basic operations in the forex market that can help traders know the pros and cons of forex trading. Some of the examples are about currencies, quotes and spreads, margin trading, etc.

 

2. FBS

FBS

Rating


Website
fbs.com
Spread
Variable and Fixed
Regulation
ASIC, 426359
Min Deposit
$1
Established
2009


Bonus offers



Trading contests

Free education

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
FasaPay
Local bank transfer
Neteller
Perfect Money
Skrill
UnionPay
Wire transfer

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 IFSC 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.

In all types of accounts, provided spreads start from 1 pip. 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 tools: 28 currency pairs and 2 metals.

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 depositing 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.

To increase the security of client funds, FBS also provides segregated account where 70% of funds can be deposited in the client bank. This broker also presents something unique; a guarantee 10% to 100% of the deposit fund. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds.

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, Dutch, 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.

FBS is a global broker founded in 2009 and currently has clients from at least 190 countries. Like InstaForex, this broker is also one of the favorite brokers for beginners. This can be due to FBS's ability to accommodate their needs by providing Micro and Cent accounts. Other than that, to improve their services, FBS also opened a free trading learning program.

Generally, there are four main learning facilities in FBS: forex articles, trading tips from professionals, video webinars, and seminars. Of the four programs, the seminar is the most popular feature because it has been held multiple times in various countries worldwide. Thus, the FBS broker provides free trading learning facilities on and off-screen.

 

3. XM

XM

Rating


Website
www.xm.com
Spread
Variable
Regulation
ASIC, 443670
Min Deposit
$5
Established
2009


Interest rate on funds

Bonus offers

Free education

Personal manager

Trading by telephone

Segregated accounts

Affiliate program

Islamic accounts available

Requires sending documents via postal mail

Payment

CashU
Credit/debit cards
FasaPay
giropay
iDEAL
Moneta.Ru
Neteller
paysafecard
QIWI
Skrill
SOFORT
UnionPay
WebMoney
Western Union
Wire transfer

Established in 2009, XM is a member of an online brokerage company called Trading Point of Financial Instruments Ltd. In providing clients on a global scale, the company has branched into XM Australia and XM Global, and XM Cyprus. Each member has different headquarters and licenses, with XM Australia registered under the Australian Securities and Investment Commission (reference number: 443670), XM Global under the IFSC (60/354/TS/19), and XM Cyprus under the Cyprus Securities and Exchange Commission (reference number: 120/10).

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 Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.

In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to 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. Instead of providing maximum leverage on the scale of 1:500 or 1:1000 (round numbers), XM chooses to limit their leverage on a 1:888 scale, a unique number that is now widely recognized as XM's trademark.

To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $50. 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.

XM also provides an Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. 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 trading services in more than 15 languages around 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.

XM is a globally recognized broker, especially among retail traders. XM has a unique learning feature called XM Live, a podcast that you can listen to and answer your forex trading questions. The podcast is in English and available from Monday to Friday. Besides that, XM also provides webinars in approximately 18 languages, free video tutorials that cover many necessary trading knowledge, and forex seminars that will give you all information needed to trade better in the currency market. You can find all of these features under the section "Learning Center" on their website.

 

4. Grand Capital

Grand Capital

Rating


Spread
Variable and Fixed
Regulation
FFMS, 1204
Min Deposit
$10
Established
2006


Bonus offers

Trading contests

Free education

LAMM accounts

Segregated accounts

Affiliate program

Islamic accounts available

US traders are welcome

Payment

AdvCash
Bitcoin
Credit/debit cards
Ethereum
FasaPay
Local bank transfer
MoneyGram
Neteller
Payza
Perfect Money
Ripple
Skrill
Tether (USDT)
WebMoney
Western Union
Wire transfer

Grand Capital offers a quite complete package for beginners. First, they offer a Micro account in which traders that are still unfamiliar with forex trading and want to start with small capital can trade with cent currency and a minimum deposit of only $10. Second, Grand Capital provides free forex course that can be found in the "For beginners" section on its official website.

 

5. FXTM

FXTM

Rating


Spread
Variable and Fixed
Regulation
CySEC, 185/12
Min Deposit
$10
Established
2011


Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
Credit/debit cards
DIXIPAY
FasaPay
Neteller
Perfect Money
QIWI
Skrill
UnionPay
WebMoney
Wire transfer
Yandex.Money

FXTM was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions. Opening an account in FXTM would also bring about access to advanced education and sophisticated trading tools in the forex industry.

Now, FXTM is registered under the Financial Conduct Authority of the UK with the number 600475. The company is also regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, and is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614

FXTM has 1 million registered accounts with more traders joining every day. The company continually tries to improve their performance and have got many awards such as Best Trading Experience 2019 by World Finance Awards, Best Online Forex Trading Company Nigeria 2018 by International Finance Awards, Reputable Investor Education Forex Broker Award 2018 by Hexun.com, Forex Brand Of The Year China 2018 by Fxeye.Com, and many more.

As a responsible broker, they determine leverage (expressed as a ratio of transaction size relative to trader's buying power) according to the trader's level of knowledge and experience in trading, which is evaluated by the Appropriateness Assessment. The company also enables trading with leverage up to 1:1000.

As for spreads, FXTM offers low spreads starting from 0.1 pip, so traders can withdraw profits at the start of trading. The company, which has headquarters in several countries, uses No Dealing Desk (NDD) technology and partners with credible liquidity providers to provide the best bid and ask prices.

For beginners, there is an automatic trading facility called algorithmic trading provided. When trading in FXTM, traders can develop their trading strategy or adopt other traders' strategies. Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.

Three types of ECN accounts use the MT4 and MT5 trading platforms. There are also mobile and Tablet Apps trading platforms. Aside of providing many account variants, FXTM goes above and beyond to ensure that their client receives excellent support that they deserve, making their trading experience optimal and user-friendly.

FXTM also provides a diverse range of products. In addition to over 50 currency pairs, they provide gold, silver, CFD on commodity futures (oil), CFD on ETFs, and indices.

Education about the basic concepts of the forex industry is also accessible in this broker. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex.

Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days. Traders can live chat to ask further questions and contact the admin via email. There is also a question and answer page about forex trading on FXTM.

FXTM is a forex broker pioneered by Andrey Dashin that has been established since 2011. Apart from providing various trading accounts for both beginners and expert traders, FXTM also has a wide range of free trading learning programs that could help traders learn more about the world of forex trading and the currency market. The primary learning programs that might be interesting for beginners are the trading guide articles and webinars led by various forex experts. In the webinar, traders can learn and interact with the professionals during the question and answer session.

 

6. OANDA

OANDA

Rating


Spread
Fixed
Regulation
CFTC/NFA, 0325821
Min Deposit
$1
Established
1995


Interest rate on funds

Trading contests

Free education

PAMM accounts

Segregated accounts

Managed accounts

US traders are welcome

Payment

Credit/debit cards
PayPal
Wire transfer

Traders looking for brokers with accurate precision, OANDA can be an option. That is because OANDA is a broker that provides quotes with 5-digit accuracy and active price movements that follow market developments. Order execution speed is also faster in this broker.

It provides benefits for novice traders, as they can trade with smaller volumes using the calculation system based on currency value, unlike other brokers adopting the lot system.

Founded in 1996, OANDA was built by Dr. Michael Stumm who is a lecturer in Computer Engineering at the University of Toronto, Canada, along with his colleague, Dr. Richard Olsen of The Olsen Ltd., which is one of the leading econometric research institutes. They have a head office in San Francisco, United States.

OANDA branch offices can be found everywhere. Some of these offices are located in the United Kingdom, Singapore, Japan, and Canada. With this number of offices spread, OANDA has increasingly attracted the attention of clients worldwide.

OANDA's company is registered under several well-known jurisdictions in financial trading. They are regulated by CFTC and NFA in the US, FCA in the UK, ASIC in Australia, and many others. Traders do not need to worry anymore about security when trading in OANDA. However, these advantages make trading rules at OANDA more stringent compared to other brokers.

For example, OANDA only allows maximum leverage of 1:50, because the rules in the US and Japan do not allow leverage above that. Besides, the registration procedure is more complex due to various additional requirements that are not submitted by other forex brokers. On top of that, hedging is not allowed in one trading account as the client must open an additional account to hedge.

Nevertheless, OANDA is known for being a leading broker with many advantages offered. OANDA faces increased market risk during periods of price volatility, such as economic and political news announcements. When market spreads increase or decrease, their pricing engine widens or narrows spreads accordingly. That way, traders can get the latest conditions from price movements in the market more quickly.

Prices move very fast in the market. Especially when news releases have a large impact on market volatility. This condition is often exploited by brokers to take advantage of clients with Requotes. However, traders do not need to worry about additional costs when trading with OANDA.

The company never withdraws Requotes so traders can get maximum profit. When traders are unavailable to monitor open positions, they can set take profit orders to lock in profits and Stop Loss orders to help protect against further losses.

As an experienced and well-known online forex broker, OANDA is committed to maintain an efficient trading environment that reduces latency and provid tools to help clients manage the degree of acceptable slippage.

With a fast & reliable trading platform by OANDA, clients' trades are executed in 0.012 seconds. This suits traders who choose brokers based on execution speed.

Because of this exceptional execution service, it is not surprising that OANDA won many awards, including the winner of the world's Best Retail FX Platform at the prestigious e-FX awards. The broker is also voted number 1 for Consistency of filling trades at quoted prices, Execution speed, and Reliability of platforms.

There is no minimum deposit or minimum balance required to open an OANDA account. Deposit and withdrawal can be done easily. OANDA provides a variety of payment method facilities, including Paypal, Wire Transfer, Credit Card, and Debit. Traders can adjust it to the region where they live.

OANDA provides more than 100 trading instruments, including 71 currency pairs, 16 indices, 8 commodities (Brent Crude Oil, Copper, Corn, Natural Gas, Soybeans, Sugar, etc.), 6 Bonds, and 23 Metals.

The fxTrade and MetaTrader platform are available at OANDA. These platforms can be used for Desktop and Mobile. Another plus is they have an OANDA Technical Analysis that exists in collaboration with a technical analysis provider called Autochartist.

With these platforms, clients can monitor price movements easier and automatically recognize patterns created on charts, as well as receive alerts when the awaited patterns appear. Access to this technology can be enjoyed free of charge.

In conclusion, OANDA is an ideal broker for traders in need of fast execution backed by many years of experience. The company is also a good alternative for those looking for a well-regulated broker with flexible trading and deposit conditions.

OANDA is a broker established in 1995 and got licenses from several top-tier regulators such as UK's FCA, US NFA and CFTC, IIROC, MAS, ASIC, and Japan FSA. Even with its credibility, OANDA still maintains its reputation as a beginner-friendly broker. For example, this broker has no lot size limit and a minimum deposit. Every trader who registers in this broker can even open a position with nano lots. While at the same time, traders can upgrade their accounts to premium, which allows them to get a dedicated account manager and up to 19 sub-accounts, each with a different base currency.

OANDA provides a wide range of educational articles and videos covering essential trading tips such as getting started in trading, capital management, and technical analysis. Using a concept called the OANDA Academy, this broker regularly holds live classrooms through webinars and events to help traders learn more about forex trading. The webinars are available in multiple languages, and the recorded versions can always be accessed in the video library.

 

7. Alpari

Alpari

Rating


Website
alpari.com
Spread
Variable
Regulation
FSA (St. Vincent & the Grenadines), 20389 IBC 2012
Min Deposit
$1
Established
1998


Bonus offers

Trading contests

Free education

Trading by telephone

PAMM accounts

Segregated accounts

Managed accounts

Islamic accounts available

Payment

Bitcoin
Credit/debit cards
Ethereum
FasaPay
Litecoin
Neteller
Perfect Money
QIWI
Skrill
UnionPay
Wallet One
WebMoney
Wire transfer
Yandex.Money
Zcash

Alpari International is one of the largest forex brands. They always try to work hard to make sure traders make the best trading and investment decisions. Established on 24th December 1998, Alpari has started from a small group of men who are looking to start a business in finance in one of the most economically precarious years in Russia's history.

During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).

This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.

The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.

Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.

A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.

Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.

Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.

This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.

Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.

For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.

Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.

All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.

Alpari is a globally recognized broker that is often discussed among traders, both beginners and professionals. This broker operates with MetaTrader 4 and MetaTrader 5 as their leading trading platforms; both can provide quick navigation and user-friendly access. For beginners, Alpari has an excellent trading condition

If you want to learn basic trading, we found that Alpari provides various trader education tools for beginners. There is a special section labeled the Investment Academy that focuses on educating beginners with many free trading learning programs. Open a page called "Learn to Trade", and you can find a collection of how-to articles, and webinars hosted by a number of forex professionals.

 

8. HotForex

HotForex

Rating


Spread
Variable
Regulation
CySEC, 183/12
Min Deposit
$5
Established
2010


Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

PAMM accounts

Segregated accounts

Managed accounts

Affiliate program

Islamic accounts available

Payment

Bitcoin
Credit/debit cards
Ethereum
FasaPay
Litecoin
Neteller
Perfect Money
Ripple
Skrill
WebMoney
Wire transfer

HotForex is an award-winning forex and commodities broker. Established since 2010, the company provides trading services and facilities to both retail and institutional clients. For more than 9 years in business, HotForex has around 1,500,000 live accounts opened and 200 employees globally.

Based on its services, HotForex can be regarded as middle-class category. Clients do not need to prepare a big deposit for joining to trade in this broker. Also, there are various accounts types, trading softwares, and tools to facilitate individuals and institutional customers to trade forex and CFD online.

HotForex is a registered brand name of HF Markets (Europe). Based on the location, the company is regulated by various financial regulators. Here are the details:

  • HF Markets (SV) Ltd, registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
  • HF Markets (Europe), authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with Licence Number 183/12.
  • HF Markets SA (PTY), authorized and regulated as a Financial Service Provider (FSP) from the Financial Sector Conduct Authority (FSCA) in South Africa, under the licence number 46632.
  • HF Markets (Seychelles), incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
  • HF Markets (DIFC) Ltd, authorised and regulated by the Dubai Financial Services Authority (DFSA) under licence number F004885.
  • HF Markets (UK) Ltd, authorised and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.

If traders have more experienced, knowledgeable, and sophisticated trading environment, they can join to become Professional Clients, who can manage and assess their own risk. For that reason, this kind of clients are granted access to more favorable rates but afforded with lesser regulatory protections than of retail clients.

Trading with HotForex can enable traders to access a variety of trading instruments like CFDs on Forex, Cryptocurrencies, spot metals (gold, silver, and others), energies (oil and gas), commodities (such as coffee, copper, and sugar), indices, bonds, and popular shares such as Google, Apple, and Facebook.

HotForex offers some of the tightest spreads in the market, starting from 0 pips in Zero Account. This broker quote major foreign exchange currency pairs to five decimal places. Therefore, traders have the opportunity to get more accurate in pricing and the best possible spreads.

HotForex receives numerous highly prestigious titles, including the huge honor of being selected to join the ranks of the World Finance Top 100 Global Companies. Others are Best Client Funds Security Global by Global Brands Magazine, Best Global Forex Copy Trading Platform by Global Forex Awards 2019, Fastest Growing Forex Broker Mena 2019 by International Business Magazine, and many more.

After opening an account in HotForex, traders will obtain various forex trading platforms to accommodate all of their trading demands. Whether traders like to trade from desktop or prefer to trade on-the-go, they can use MetaTrader 4 in desktop (terminal, multi-terminal, and web terminal) and phone (iPhone, iPad, and Android).

Clients’ funds are held in segregated accounts. Only major banks are used by HotForex because they believe that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds.

Traders do not need to worry about transaction fees when depositing and withdrawing. Transaction fees are not charged, and diversity of payment methods enable them to choose between Wire Transfer, Bank Card, and online payments (Neteller, iDeal, Sofort Banking, and Skrill). HotForex ensures that traders make fast transactions 24/5 during the standard hours.

Traders can earn extra income by joining the affiliate program offered by HotForex. Clients who join this program will get some advantages, such as 60% of Net Spreads based on the volume traded by sub-clients, up to $15 per a lot of net revenue, and many more. More information about HotForex can be obtained on their official website which is supported in 27 languages.

From the review above, it can be concluded that HF Markets is one of the award-winning forex and commodities brokers. There are various account types traders can choose in HotForex, and the broker itself becomes a favorite among traders for its low spreads. This condition is very suitable for traders with limited funds and a desire to get more opportunities to gain maximum profit.

HotForex is a broker established in 2010 with more than 2.5 million live accounts and 27 languages worldwide. This broker is known to have extensive trading conditions and quite suitable for novice traders. If you are a beginner, you can start by opening a Micro account with a minimum deposit of only $5, leverage up to 1:1000, floating spreads from 1 pip, and minimum trade sizes in micro-lots (0.01).

See also: Forex Brokers with the Lowest Spread on Major Pairs

As for the educational facilities, HotForex offers a free learning program conceptualized like an online course. There are downloadable guide articles in e-book format, as well as a collection of video tutorials covering basic trading essentials such as forex prices, trading strategies, contract sizes, and many more. Other than that, some webinars are categorized based on traders' skill levels.

 

9. RoboForex

RoboForex

Rating


Spread
Variable and Fixed
Regulation
IFSC (Belize), 000138/107
Min Deposit
$10
Established
2009


Interest rate on funds

Bonus offers

Trading contests

MAM accounts

Affiliate program

Islamic accounts available

Payment

Boleto Bancário
CashU
Credit/debit cards
ecoPayz
giropay
iDEAL
Liqpay
Neteller
Perfect Money
Skrill
SOFORT
UnionPay

Well-known as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.

As for the service for European-based traders, RoboForex specifically operates a different brand called RoboMarkets that is still a member of the head company (Robo Holding Company) and has an office in Cyprus. The operation is licensed under Cyprus Securities and Exchange Commission (CySEC).

Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, cTrader, Social Platform, and its proprietary platform.

Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, ETFs, and Cryptocurrencies. Aside from basic service, trading in RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, tight spreads, and payment method via Bitcoin and Ethereum.

RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi, and other similar online payments.

After opening an account, traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is a short description of each type of accounts that traders can choose from in RoboForex:

Pro-Standard

  • Minimum Deposit: $10
  • Spread: from 1.3 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:2000

ECN-Pro

  • Minimum Deposit: $10
  • Spread: from 0 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:300

Prime

  • Minimum Deposit: $5,000
  • Spread: from 0 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:100

Pro-Cent

  • Minimum Deposit: $10
  • Spread: from 1.3 points
  • Minimum order volume: 0.1
  • Leverage: up to 1:2000

R Trader

  • Minimum Deposit: $100
  • Spread: from $0.01
  • Minimum order volume: 1 stock
  • Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)

The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.

The overall description above depicts RoboForex as a distinguished broker despite its status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.

RoboForex is a broker that prioritizes the advancement of trading technology and platforms. However, this broker is not limited to professional traders only, but also new traders. Through a series of Cent accounts it offers, RoboForex allows novice traders to trade with small risk and real trading experience. Traders can also choose whether they want to trade with a fixed spread or floating spread.

RoboForex specifically facilitates educational materials such as trading tutorials, video library, and interactive webinars for novice traders. RoboForex also provides free learning assistance through routine analysis for novice traders who still need guidance in their strategy.

 

10. ThinkMarkets

ThinkMarkets

Rating


Spread
Variable
Regulation
ASIC, 424700
Min Deposit
$1
Established
2010


Bonus offers

Free education

Personal manager

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

BPAY
Credit/debit cards
Neteller
PayPal
Skrill

As a multi-asset online brokerage, ThinkMarkets present a wide range of trading assets starting from Forex to Precious Metals, Commodities, Indices, Shares, and Cryptocurrencies. The Australian-based broker is established in 2010 and has since opened additional headquarters in London and throughout Asia-Pacific, Middle East, North Africa, Europe, and South America.

Average FX spreads for traders opening an account in ThinkMarkets start from 1.2 pips for the standard account, while ThinkZero provides the best trading experience with 0.1 pips spread. Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes.

As a global online brokerage, ThinkMarkets operates under various financial regulatory institutions. For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and is licensed by the Australian Financial Services as well as the Australian Securities and Investment Commission (ASIC) with ABN: 69158361561. On the other hand, ThinkMarkets UK is registered under the Financial Conduct Authority (FCA) by the company name of TF Global Markets (UK) Limited (number: 09042646).

ThinkMarkets consistently try to improve their trading environments with various advanced products. Automatic trading fans are provided with free VPS Hosting, while passionate traders who'd like to experience beyond MetaQuote platforms can try ThinkMarkets' proprietary platform called ThinkTrader.

The trading platform is available on 3 different interfaces specifically designed for Desktop, Tablet, and Mobile displays. Furthermore, customized tools such as 80+ drawing tools and indicators for technical analysis accessible even through Mobile screens would certainly provide a brand new trading on-the-go experience.

As far as market updates go, trading in ThinkMarkets would be accompanied with news from FX Wire Pro that is known for its strict policy toward upholding objective journalism and delivering critical, trusted information in real-time. Information segments covered by FX Wire Pro include Economic Commentary, Technical-level Reports, Currency and Commodities, Central Bank Bulletins, Energies and metals, together with Event-driven Flashes.

For payment methods, ThinkMarkets offer the gateway via bank transfer, credit card (Visa and MasterCard), Skrill, Neteller, POLi internet banking, BPay, and Bitcoin wallet.

All in all, it is safe to say that for a company that started business since 2010, ThinkMarkets is an accomplished broker in terms of legal standing and innovation in trading technology. As an additional safety assurance for traders, this broker underlines its commitment to provide a $1 million insurance protection program which is made possible by ThinkMarkets' insurance policy with Lloyd’s of London that protects clients' funds for up to $1 million in the unlikely event of insolvency.

For the last recommendation, we have ThinkMarkets, which, compared to the previously mentioned brokers, is actually not much of a beginner-friendly entity. With a minimum deposit of $250, this broker's trading conditions may be too risky for newcomers.

However, suppose you are searching for a next-level learning program to increase your knowledge about forex trading, ThinkMarkets provides a collection of educational articles arranged in multiple skill levels that cover the needs of all types of traders, from beginners to professionals. In general, ThinkMarkets learning programs offer more in-depth information about forex. Bear in mind that in forex trading, even experts still need to continuously improve their skills and stay updated so they can follow the trends in the currency market.

Forex Experts Learning

Most traders look for educational programs from some mentors who conduct a series of paid seminars for a certain period of time. Thought it's not a forbidden practice, but you need to think about it like this:

Why going out of your way to spend money on such programs if you can get the materials for free from a forex broker that you choose to trade with?

Even though success is not guaranteed, at least you can take advantage of something that the broker forex gives without any cost.

Here is a comparison table to help you choose which forex broker with free education is the most ideal:

Feature InstaForex XM Alpari

Rating

General Rating 3.54/5
3.42/5
Trustpilot 4.8/5

rated by 156 users
2.4/5

rated by 155 users
3.5/5

rated by 3 users

General Information

Office(s) Russian Federation Australia, Cyprus, Greece and Hungary Saint Vincent and Grenadines
Regulation FSA (St. Vincent & the Grenadines) IBC22945
FSC (BVI), SIBA/L/14/1082
ASIC 443670
BaFin, 124161
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
CySEC, 120/10
FCA (UK), 538324
FSP (New Zealand), FSP235905
FSA (St. Vincent & the Grenadines), 20389 IBC 2012
Established 2007 2009 1998
Minimum Deposit $1 $5 $1
Maximum Leverage 1:1000 1:888 1:1000
Spread Fixed Variable Variable
Commissions $30 $3.50 $16
Minimum Position 0.0001 lot 0.01 lot 0.01 lot
Payment AliPay, Bitcoin, Credit/debit cards, Litecoin, Neteller, Skrill, SOFORT, Tether (USDT), UnionPay and Wire transfer CashU, Credit/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union and Wire transfer Bitcoin, Credit/debit cards, Ethereum, FasaPay, Litecoin, Neteller, Perfect Money, QIWI, Skrill, UnionPay, Wallet One, WebMoney, Wire transfer, Yandex.Money and Zcash
Official Website Visit InstaForex Visit XM Visit Alpari

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Azerbaijani, Bulgarian, Chinese, Czech, Dutch, English, Georgian, German, Indonesian, Italian, Japanese, Latvian/Lettish, Lithuanian, Malay, Polish, Portuguese, Russian, Slovak, Spanish, Turki Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish Arabic, Chinese, English, Indonesian, Korean, Malay, Persian, Portuguese, Russian, Spanish, Ukrainian, Urdu, Vietnamese
Email Support
Call Support
Chat Support

Reviews

General Review Read InstaForex Review Read XM Review Read Alpari Review
User Reviews

Jiji

Nov 13 2020

Like this broker. Recommend.


Beckley Uk

Jul 22 2020

I can't close my sell order with take profit execution, while everything is normal for buy order... so weird


Afdal

Jul 22 2020

My $1000 deposit got delayed so bad


Marcus Ny

Jul 22 2020

I failed to log in even though I'm already sure that I write in the right account no. and trader password.


Tony Brown

Jul 22 2020

I can access easy deposit by Visa, but unfortunately the withdrawal is complicated. For the asset options there are Forex, Commodities (even Soybean and Coffee futures), as well as US Stocks CFD


Mxtrade

Jul 22 2020

I'm so turned off by this broker. My orders were forcefully closed in many cases. They should help their clients but they seem to trade against them. I canceled my plan to deposit in the real account.

I also research some information about them, and I'm so surprised by the many claims of them being a scam. Their license from a Russian association was also revoked.


Henry Taylor

Jul 22 2020

Accessing their features is getting more difficult each day..


Eric Henderson

Jul 22 2020

I requested callback for so many times but they never call me


Wilson

Jul 22 2020

I see a lot of traders join Instaforex and that their clients have reached 3 million. The customer support is helpful when I first register my account. I wish it can be a beautiful beginning


Aryasa

Jul 22 2020

The WD form informs that the process will only take 24 hours. But it's not what really happens as I got nothing for more than 3 days. I think it has something to do with my account being a bonus account.

For your own sake, please improve yourself. You're my very first broker and I want to keep trading with you.


Priy

Jul 22 2020

I consider myself as one of their loyal clients. I have been with them for 5 years and I really trust their credibility. Yet, I currently have a problem with their withdrawal process. I have been requesting three times but they give no response to me. So irresponsible imho


Lewis Adams

Jul 22 2020

I want to share my experience with InstaForex. I have been trading for 2 years with them and I also own a PAMM account as the trader. I'm still in college so I got a lot of time during the afternoon to trade.

I handle a lot of investors' accounts and I feel like it's very easy to make this PAMM module as my alternative side job to get an income with only my laptop and internet connection.


TraderYes94

Jul 22 2020

I never face a problem with their deposit and withdrawal. But the strange thing is when my rebate bonus reached more than 3 million there are problems with my withdrawal


Yamasamu H.

Jul 22 2020

I'm quite content with my trading in instaforex. They are reliable in their support. I have been helped so many times and they are always ready 24 hours. I started trading with only $1 and I could earn $300 9 months later. My favorite feature from them is their Forexcopy system.


Armadani

Jul 22 2020

I've been their client for 7 years. Their service is pretty good but the trading execution is troublesome at times. Hope they can fix it


Theo K Davies

Jul 22 2020

I can't request deposit from the website, unlike any other brokers normally. The process is soo complicated I actually have to contact their IB. Also, there's no fix rate here.

While they got many trading instruments I can't trade with this broker seeing that the deposit process is so difficult.


Kevin Rant

Jul 22 2020

You a**hole! I opened 20 lots of position during news release, 800% of margin, my SL and TP suddenly moved on their own. My SL was executed 30 minutes before the news release.

I didn't use any trailing stop. It got so bad that my account got MC eventually. Don't believe any of their bonuses. They're so cruel with their clients


Joco Andreas

Jul 22 2020

Here's my two-cent on InstaForex:

It's good since the beginning and there are many bonuses from Welcome Bonus, No Deposit Bonus, to InstaForex Club Bonus. My account is verified quickly and their Customer Support is always ready to help me during the verification process.


Farrel Mayz

Jul 21 2020

Uring the eight months I trade with InstaForex, I can prove that there are many benefits in this broker.

A few that I can mention include low minimum deposit (only USD1) and good analytics from the experts. Trading contests are also quite entertaining, and the prize can be used to trade so I don't have to add deposit if I want to increase my balance.


Irwan Bacht

Jul 21 2020

After more than 1 year I finally knew the downside of this broker. My profit for GBP/USD was canceled because of rule violation. Below is their email:

Dear Xxx,

We hereby inform you that Control and Security Department has performed a correction on your account with the following parameters:

235.56 || CANCEL ERROR ORDERS

On your account xxxxx were fixed orders contradicting with point 3.14.6. of the Public Offer Agreement:

3.14.6. The Customer agrees to undergo a supplementary expert examination of the trading account, if it has been revealed that the trading methods of the Customer include opening and closing/opening lock positions with a less than 5-minute interval between them. In accord to the results of the supplementary examination the Company reserves the right to correct the outcome of the Customer's trading by the sum total of such orders.

We apologize for the inconvenience, and feel free to contact us by email address antifraud@mail.instaforex.com in case you have any questions.

This is so disappointing. I don't want to ruin their reputation so I can only warn for traders to be really careful if they intent to trade with Insta.


Raymon Bild

Jul 21 2020

InstaForex's plus points are its fixed spread and cent account. Trading tools and extra features are quite many too


Franscesca

Jul 21 2020

Been trading for 6 months, got no problem at all. The support is pretty helpful and the payment transactions meet my needs.


Robert Zappa

Jul 21 2020

I can trade with only $1 for initial deposit. Trading can't get any easier than this


Zayd Q

Jul 21 2020

When I just opened an account with InstaForex, I learned that everybody got a chance to experience with demo account so there are no worries of losing some money. They provide real good trading facilities and the epayment credit card is my favorite since I can use it to withdraw cash. They're also very helpful


Ego Fr

Jul 21 2020

I just joined them. I pick InstaForex as my first broker, but I'm so disappointed already. Three days after creating an account, I can't get verified. I have uploaded many times with various sizes and resolutions of ID pictures, but none of them are successful. It frustrates me and so disheartening I may abandon my plan to trade with them. I'm afraid there'll be many problems with them later on.


Rachel Dean

Jul 21 2020

After 5 years of inactivity due to other business, I check my email and I'm surprised that InstaForex still sent me regular news. My balance is untouched and doesn't get reduced at all.

When I try to contact them via email and chat, they're very responsive and help me to send some verifications. They're also easy to communicate via phone calls and my account re-opening goes without any problem. Thanks InstaForex


Jim Tel54

Jul 21 2020

My account is blocked after requesting withdrawal. I traded on Tuesday and closed it in Wednesday.. should be good for wd.

The support gave me some directions to email the antifraud. Where is the problem exactly? I have been their client for 4 years and this is the only time I got frustrated. If it's not getting any clearer I have to move to other brokers


Onlyone Ron

Jul 21 2020

My rebate was held and I received a WARNING LEVEL 2... My Ib explained I might violate some rules regarding close and open positions.


Ray LaFelle

Jul 21 2020

I have 7 forexcopy accounts using martingale robot and are followed by 60 accounts. Everything goes well and the financial transaction is smooth too.


Samh

Jul 21 2020

Spread's too big, slow execution, fixed spread whtv


Matt Eldry

Jul 21 2020

I'm still enjoying my trade in Insta. Both deposit and withdrawal are good, rebate bonus is reliable too. Hope the broker keeps getting better and better


OeePro

Jul 21 2020

In their CFD Trading, swap rates are still applied although I trade with a Swap Free account


Angus Delaney

Jul 21 2020

Deposit bonus is just borrowing money. So we have to pay it back sometime in the future, more likely in the ways that we won't anticipate. Speaking from experience, bonus will be taken partly every time a withdrawal is processed.


Robert83

Jul 21 2020

Insta makes it hard to verify an account, it's so discouraging


Wisetrader nation

Jul 21 2020

I see many cases on which traders' accounts are disabled abruptly without a clear explanation. This is so disappointing for InstaForex used to come as a highly recommended broker especially for novice traders. Complaining to their support is useless and I got the impression that they look for some mistakes to cancel clients' profit. Please be careful with this broker


Sanders

Jul 21 2020

Instaforex seems like a market maker. They trade against us. My experience of scalping with their platform showed that I had a lot of difficulties realizing profit during news release, while at the same time it will be very easy to realize my loss.

Requote happened really often too, and my take profit couldn't be executed at times. They blamed the problem on my MT4... smh


Yann Schm

Jul 21 2020

You can actually benefit from their terms and conditions. I usually open trades before the news and trade in the long term. I guess it's also pretty good for newcomers seeing that they offer a lot of bonuses


Diego Jr

Jul 20 2020

The best broker is Instaforex. Easy deposit (15 minutes) and withdrawal. I gained profit USD50,000++ with them


Rick Dayton

Jul 20 2020

I like InstaForex 'cuz the rebate is the biggest...

There is a deposit bonus 30% plus rebate commission, so I get double profit


Patry

Jul 20 2020

InstaForex sometimes does questionable things, but for some reason, I still trade with them. During my experience trading in InstaForex, there are some lessons that may be useful for newbies:

1. Trading more than 1 lot will disturb their MT4 performance.

2. I've won a trading contest (rally fx) but I felt like they made me ineligible for many reasons so I couldn't claim my prize. By the time I fulfilled their criteria, the claiming period was over so in the end, I got nothing.

3. Once, I received an affiliation bonus. It was $300 and credited to my MT4 Balance in just a day. In a one-sided decision, InstaForex canceled the bonus because of "some miscalculation" that caused my balance to be reduced by $300. My account was negative for several hours then turned back to normal the next day.


Simple Fibonacci

Jul 20 2020

InstaForex is very suitable for trading with simple fibonacci strategy.


Terry P

Jul 20 2020

I was wondering why InstaForex insists on applying 3 pips spread while other brokers competing to have zero spreads. Only after I research further did I know that the spread is fixed.. I think it is a fair condition given that forex market can fluctuate badly in certain times.


Rian Dwight G.

Jul 20 2020

I have an account in this broker. In spite of negative rumors surrounding it, I never encounter any problem, at least not serious ones.

I still got my bonus, even though the wd process took such a long time and umm, the spread is quite high. Overall, it's not bad


P. Richard

Jul 21 2020

To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!


P. Richard

Jul 21 2020

To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!


Novrizal

Jul 21 2020

Trading at XM's Zero Account was pretty good. They give zero spread and low commission. I like it!


Mr. Zack

Jul 21 2020

I have no problem during trading at XM real account, but I suggest XM to consider a longer expiration time on demo account :D


R. Nimi

Jul 21 2020

Trading execution at XM is very good. They also help novices like me to understand forex trading through free webinars. I wish XM held their trading contest again :)


Kaiandra

Jul 21 2020

The trading platform at XM is very nice! I believe this is the most appropriate one for Indonesian traders! They offer MT4, MT5, even MetaTrader for web-trading. Nice work XM!


Ivanova

Jul 21 2020

I got confused during registering for my trading account. Fortunately, their customer service is fast-response and very helpful. Their trading condition and trading platform are also awesome. Thanks XM!


Cak Moestopo

Jul 21 2020

So far so good at XM. They have CS that is fluent at Indonesian, also deposit withdrawal method with a free commission. Broker joss lah!

Salam from Indonesia.


Evan S

Jul 21 2020

XM is very good for those looking for free trading signals. They also often held free online webinars. Unfortunately, they don't have an ECN account yet for traders.


Finn R.B

Jul 21 2020

I love trading at XM due to their commission-free deposit and several instruments offer, though their account verification is quite difficult *LOL XD


Syarif Z

Jul 21 2020

Hi, I'm from Indonesia. I also trade on XM and find out their customer care is very good for Indonesian. Mantapp!!!


W. Billie

Jul 21 2020

I tried to register a trading account XM and got no deposit bonus. After 2 weeks, I got a profit as much as USD108. I decided to withdraw for USD60 and it was accepted. Thank you, XM!


Demian

Jul 21 2020

I've traded on several brokers, but I think XM is the best due to their trading conditions. Nice work, bruh!


C. Lee

Jul 21 2020

I registered for my trading account at XM last year. I found their whole services are pretty good, especially their commission-free on deposit. But their spread is extremely unpredictable during news release. Be careful, traders!


Gabriel

Jul 21 2020

XM's website is very hard to load! I look for any bonus info but it takes for hours!


Shafeeya

Jul 21 2020

I feel so disappointed with XM regarding their leverage option. My trading account firstly used 1:888 leverage, but then it was changed to 1:100. Plus, they said my trading account will no longer available to get any bonuses from XM. I've sent my complain but they didn't give any responses yet,,


Zalandra

Jul 21 2020

I've been trading at XM for almost 7 years and had no much problem with them. But recently they changed their deposit withdrawal method with no longer using MasterCard. This made me confuse sooo much!! Whyyy??!!


Mr. Pawww

Jul 17 2020

I used to trade on zero account, but recently I moved to ultra-low trading account. I think it doesn't matter on what account is used. The most important one is money management. I love XM because their withdrawal process is quite great.


Lyly

Jul 17 2020

I'm XM's client for these several years. Recently, their customer service gives slow responses to any troubles. Plus, their website is difficult to access. I have almost moved my trading account to other brokers.


Georgie

Jul 17 2020

I've been trading at XM for almost a year, and everything goes well. I always withdraw my balance per month.


Ashley

Jul 17 2020

I do trading forex using a few balances. My friend suggests me to register at XM and it's quite good so far. I don't find any notable problems with XM. Nice!


Zaheera

Jul 17 2020

My first trading at XM was quite good, but it went worse even more. It's hard to do deposit or withdrawal. That's why I don't have much balance at my account that often. I hope they can improve their service for the clients.


Felicia

Jul 17 2020

I'm new at XM. I chose XM because they have many leverage offers. It's good for a novice like me


Abby

Jul 17 2020

I got my passive income from XM rebate program. It can be withdrawn weekly, so it's good as my additional shopping budget :D


Patricia

Jul 17 2020

I joined on their roadshow at Indonesia last year. It was so great and useful for me! Thankyou XM!


Abraham

Jul 17 2020

Though XM has so many customers, their customer care is incredibly great! Two thumbs up for you!


Regina

Jul 17 2020

I do agree that XM is one of the well-regulated forex brokers for traders! Cheers to you!


Berliana

Jul 17 2020

One thing I love most from XM is their regular trading event. I even can't miss them once. It's always good and awesome!


Cathy

Jul 17 2020

Hi, I'm new at trading forex. I want to share my trading experience at XM. Before being a part of this broker, I was trading at other brokers since 2017, but their commission and payment method for deposit withdrawal isn't my type. Finally, I chose XM at the end of 2018. To this day, I am so satisfied with XM's services, especially their regular webinar event. You guys have to trade on XM!


Elena

Jul 17 2020

It's good to trade on XM. They have lots of trading competitions. One of them was even prized as much as $11,000 for the winner! WOW! I'm gonna join it sooner! Thankyou XM!


Matthew

Jul 16 2020

I'm so disappointed with XM. I did a withdrawal on May 28th, 2020 but it wasn't sent to my bank account until June 10th. Better you trade on other brokers. XM ISNT GOOD AT ALL, IT'S SCAM!


Cayenne

Jul 28 2020

Alpari is good for a newbie like me. The MetaTrader is working just fine. I learn trading from my workmates which already trading in Alpari since 5 years ago. Considering this, so I thought that Alpari is reliable. 


Kiki Paramount

Jul 24 2020

I immediately use Alpari since the beginning. Alpari platform is very easy.

If only Alpari wanted to make a new breakthrough that could motivate novice traders, like me, to be successful trading ... I would give two thumbs up to Alpari. But yeah, for the time being, I won't move anyway, because Alpari customer service is so friendly. Hehe...


Angela Y

Jul 24 2020

I like Alpari the most because there's insurance for deposit and the withdrawal process is not complicated.


M'dhanwe

Jul 24 2020

I first registered and made a deposit through E-banking, It was very difficult, several times the widget for the payment process said it failed, it happened up to 5x.

The last one still fails, turned out that that the transaction was successful after I saw the mutation and the remaining balance of my account. I am still waiting for the last because the status is still a process. Unlike XM, depositing via E-banking is very fast and requires no processing. Instant about 1 second entered


Jericho Hahn

Jul 24 2020

I was interested in Alpari. But when I registered, I couldn't. The code is invalid, the password is also not attached in the email. Please improve the service so i could give 5 stars. 


Justin Hao

Jul 24 2020

Disappointed with the new Alpari website. It looks less attractive and really heavy to access. The button is complicated, I can't get the information that I need.

Just my two cents, please give the layout back to the old website. I'm commenting because I'm already being a loyal trader for a long time


Remy Adzar

Jul 24 2020

I tried to withdraw funds 3x with transaction number 25631019, 24584342, 24556904 and all of them were rejected with the following reasons: Transfer request No. 25631019 rejected.

Reason for rejection: an error occurred while trying to complete the operation. Please try again or contact our payment department: +448449869559 (ex.2), Mon-Fri, 06: 00-17: 00 GMT.

 

Like when I deposit, I withdraw funds using the Ebanking method. I have followed all the procedures or step by step. It's very dissappointing, I could not contact CS by email or webchat. I was only given a contact telephone number for the UK.


Vega

Jul 24 2020

Previously, I was comfortable trading in alpari, but this year there have been a lot of policy changes. starting from leveraging the leases, the maximum lot is replaced, now the spread is floating. Confused


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