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.
Now to build a proper trading strategy, you need to be smart and speculative. 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 are only required to 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. This article will talk about the advantages of free forex webinars provided by forex brokers and the list of brokers that provide the service.
Table of Contents
Forex Webinars Explained
If we break it down, the term "webinar" comes from the words "web" and "seminar". In short, webinars are seminars held via an online network. Forex webinars contain educational materials, which, in this case, are about forex trading. The instructor will provide presentations, trading simulations, video tutorials, or other learning tools. The program can be structured to accommodate traders from all levels, from beginners to advanced.
See also: Best Forex Broker for Beginners
Webinars provided by forex brokers are typically free, so it is very beneficial for traders who want to learn more about forex trading. Not only that, because all processes are carried out virtually, so it is not limited to distance and location. Besides, many brokers offer webinars in various languages or provide subtitles in the videos. For international traders who can only speak certain languages, a course like this can be beneficial.
Especially during the coronavirus pandemic, webinars are even more convenient because it allows traders to attend a seminar without having to meet each other physically. Even more, this learning method is ideal for traders who feel more comfortable listening to tutors' explanations than reading the materials themselves. Some brokers even provide opportunities for the webinar participants to discuss and ask questions directly to the instructors.
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, make sure that the webinar's duration is worth the amount of lesson that you will get. Also, since many webinars are live programs, it's important to keep track of the schedule 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 given, you can either 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.
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.
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.
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.
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 are meant to 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.
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 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 current trends and future price movements in the forex market. 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. Not only webinars, but FBS also offers other educational programs such as daily analysis and online trading courses.
OctaFX is one of the most famous brokers in the world and has won many awards for its very comfortable trading atmosphere and proximity with customers. OctaFX was founded in 2011 with headquarters in Strovolou 47, Kyros Tower, Nicosia.
Prestigious awards that have been received by OctaFX include the Best ECN/STP 2019 and the 2019 Best Broker in Asia given by FX Daily Info. The Global Banking and Finance Review magazine also gave the Best Broker award in Asia in 2018 to this broker. More than that, there were also awards from European CEO Magazine (Best FX Broker 2018 and Best Trading Conditions).
For traders in most countries, OctaFX is under the authority of Octa Markets Incorporated and is registered in Saint Vincent and the Grenadines. This broker also provides various facilities, such as providing support services by live chat and WhatsApp in Indonesian. Not only that, deposits and withdrawals of funds can be done through various local banks. OctaFX does not charge commissions for every deposit and withdrawal of funds made by traders.
OctaFX offers different types of accounts that are carried out with market execution (STP/ ECN) and floating spreads from 0.2 pips. A variety of forex strategies, ranging from Scalping, Hedging, and the use of Expert Advisors are permitted in all accounts at OctaFX brokers.
There is also a fixed exchange rate offer when opening a Micro MT4 account. All deposits made in IDR will be calculated at the rate of USD1 = Rp10,000 and will be entered into the trader's account balance. Also, Swap-free accounts are available for Muslim traders who want to avoid overnight interest.
Trading in OctaFX is also suitable for novice traders. Because OctaFX offers low spreads, which are floating starting from 0.0 pips. The required initial deposit is also low, only USD25. The currencies used on the account are US Dollars and Euros.
OctaFX gives a bonus of 50% each time a trader makes a deposit. That way, the capital gained by the trader becomes bigger. Opportunities to open positions increased and deposit bonuses can be withdrawn on the terms and conditions.
If traders are still confused about calculating profits, the OctaFX platform provides a trading calculator for each account type. Traders only need to enter the currency pair being traded, the amount of leverage, the number of lots, and the type of currency used in the account.
Opportunities to get profits are also getting bigger with the Autochartist feature. Traders will get notifications quickly when there is a profit signal in trading. The accuracy of the trend prediction reaches 83%.
Traders do not need to worry about the safety of funds at this broker. OctaFX uses segregated accounts and protects personal data and online financial transactions with SSL technology. This is adjusted to the international accounting standards and regulations.
Another advantage offered by OctaFX is the Trade & Win program. Opening an account in OctaFX would open the opportunity to collect trading lots, which can be accumulated into a variety of attractive prizes. Traders only need to open a real account on MetaTrader4 or MetaTrader5 through OctaFX and simply exchange the prize lot in this promotion. Prizes that can be obtained by traders include T-shirts, Android Smartwatches, smartphones, and laptops.
Traders need not worry about missing out on promotions. Because OctaFX often bonuses and other promotions. This broker holds a trading contest every week on a demo account with real prize funds that can be used for trading.
One example of a prize contest is OctaFX Champion - MT4 Demo Contest. With a total prize of USD 1,000, there are places for 4 winners in each contest period.
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.
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. The initial deposit starts at USD200 with a minimum lot of 0.01 (micro) and 1:500 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.
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.
See also: Best Forex Brokers for Scalping
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.
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.
Compared to other brokers, FXTM is one of the brokers that take the education of their traders seriously. This broker provides various educational resources on forex trading, including webinars presented by forex experts. The webinars are intended to help traders learn the fundamentals of forex trading and discover unique trading strategies.
Additionally, the webinars cover topics about risk management practices, the use of trading indicators, and trading psychology. Even better, some of these concepts are informed by using strategy simulations. Therefore, traders can simulate their ed strategies to check how effective it is and how well it adapts to market changes.
Forex learning doesn't require you to fly across countries and attend seminars held by professionals. You can just sit down in front of your computer and attend a high-quality webinar directly from home, entirely for free. There are plenty of 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 if you have to attend a seminar in another country or subscribe to trading courses for a one-on-one consultation with an expert.
If you are interested to explore more on the 5 brokers mentioned above, here is an informative table that compares 3 of them side by side:
|❗Information||Testimonials (90), News (6), Articles (11), Bonus (13), Promotions (7)||Testimonials (72), News (39), Articles (11), Bonus (2), Promotions (8), Contests (5), Webinars (113)||Testimonials (59), News (11), Articles (17)|
|💲 Min Deposit||$5||$25||$200|
|⚖ Max Leverage||1:888||1:500||1:30|
|💡 Min Position||0.01 lot||0.01 lot||0.01 lot|
|💳 Payment||CashU, Credit/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union and Wire transfer||Crypto, Credit/debit cards, Neteller and Skrill||Credit/debit cards, PayPal, UnionPay and Wire transfer|
|🧩 Demo Account|
|📁 Segregated Account|
|🕋 Islamic Account|
|👨💻 PAMM Account|
|📈 Managed Account|
|🇺🇸 US traders|
|🏆 Trading contests|
|⚡ Automated trading|
|💰 Bonus offers|
|📖 Free education|
|1️⃣ One-click trading|
|⏱ Trailing stop|
|⏳ Pending orders|
|Gold & Silver|
|🗣 Website Languages||Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish||Bengali/Bangla, Chinese, English, German, Hindi, Indonesian, Malay, Portuguese, Spanish, Thai||Chinese, English, Russian|
|🚪 Trade Now||Open XM||Open OctaFX||Open Pepperstone|
To compare the remaining two, check out the forex broker comparison tool here.