Demo Account Guide
Demo Account Guide
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List of New Forex Brokers

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This list contains forex brokers with 2 years of experience or less. Considered as the newcomers, these forex brokers may lack in experience. However, there are certain advantages that can only be obtained from such brokers, namely their strong commitment to provide the best service to gain and maintain new clients. The efforts are usually realized through many kinds of endeavors, from offering competitive trading conditions to withholding attractive promotions.


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Score Broker Since Regulation Payment Min Deposit
Additional FAQ

Negative Balance Protection (NBP) requires brokers to diligently monitor and manage trading accounts. Brokers must take action when a client's account balance falls into negative territory. They typically reset the account balance to zero or set a margin closeout rule at 50%, and any negative amounts are reimbursed once all open positions have been settled.

Continue Reading at All You Need to Know About Negative Balance Protection

Many forex brokers are imposed to ESMA's new rules as most popular brokers come from the European Area. Many of them have been working with multiple licenses to maintain their global operation. Some examples are:

  1. Admiral Markets
  2. Exness
  3. eToro
  4. Plus500
  5. IG
  6. XTB
  7. AvaTrade
  8. FxPro
  9. NordFX
  10. TriumphFX
  11. Saxo Bank
  12. Interactive Brokers
  13. CMC Markets

Continue Reading at ESMA Regulations for Retail and Professional Traders

None at all. All welcome bonuses from the 5 brokers cannot be withdrawn immediately but must be used for trading first. It is the profits earned that can be withdrawn.

Continue Reading at USD30 Welcome Bonuses by Forex Brokers in 2023

As a general guideline, using a demo account for at least a few weeks can give traders a reasonable idea of a broker's quality. However, it's essential to remember that a demo account may not fully replicate the experience of live trading, as there can be differences in order execution, slippage, and liquidity between the two environments. 

Continue Reading at How Long Should You Trade on Demo Account?


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