| 1st Choice: | 2nd Choice: | 3rd Choice: | |
|---|---|---|---|
| Min Deposit | $100 | $25 | $200 |
| Credit Cards | Yes | Yes | Yes |
| Platform Type | Online | Online | Download |
| Free Demo A/c | Yes | No | Yes |
| Pip Spread Value | Excellent - Fixed | Average | Average |
| Leverage | Excellent | Average | Poor |
| Loss Protection | Excellent | Good | Good |
| Customer Support | Excellent - 24/7 | Excellent | Good |
| Overall Rating | Excellent | Good | Average |
Choosing the right broker when trading Forex online is one of the most important decisions you will make. After all, a broker’s pip spread and leverage value will directly dictate the amount of profit you make trading currencies.
You will also need to ensure the broker has easy to use software and excellent customer support if you are to enjoy hassle free, profitable trading. The comparison table above shows at a glimpse the key features of three major online Forex brokers, below you will find full reviews of each one.
#1 Forex Broker Review - Forex Yard
The best Forex broker I have found and the one I recommend to anyone trading in Forex is the FOREXYARD platform.
It comes out tops when you consider all of the key aspects you should be looking for in a broker such as: good leverage, low pip spreads, excellent customer support, easy-to-use software and loss protection features.
I use the Pro Account from this platform for my own trading but I have also given their SuperMini account for a test drive and I found that both of these accounts are top notch.
The Pro Account offers a very comprehensive piece of trading software that will suit any experienced trader down to the ground. The SuperMini Account is really easy to use and offers the new or inexperienced trader an excellent platform from which to learn the ropes.
One of the great things is the fact that unlike many brokers who crucify their features and rates on the Mini Accounts, Forex Yard offer extremely competitive spreads and leverages even if you are only depositing the $100 minimum. This is great for allowing the new trader to get started trading Forex and making an instant income from trading currencies online.
Forex Yard - Key Features Summary:
| Feature | Details |
|---|---|
| Minimum Deposit | $100 |
| Payment Forms Accepted | Credit Cards, Bank Transfer, PayPal |
| Typical Leverage | 200:1 |
| Pip Spread Values | 3 pips on EUR/USD and 3-5 pips on other major currency pairs - These are fixed rates |
| Loss Protection | Negative Balance Protection - All trades will be closed if your account reaches zero meaning no debts to pay |
| Customer Support | 24/7 Trained Support |
| Other Features | Guaranteed continuous quoting, Guaranteed executable prices, No slippage guaranteed, Easy-to-use platform |
As you can see FOREXYARD provides some great features for traders which is why it has come out top on our Forex Broker Reviews. With all of these tools at your disposal, Forex Yard makes it far easier to make money trading currencies than any other broker we have encountered.
Probably the best feature that sets this platform out from the rest is the fixed spread guarantee. It is common knowledge in the trading world that many brokers claim to offer 3-5 pips but then routinely increase them sometimes as high as 10 pips when there is strong market activity.
This makes achieving massive profits almost impossible as you very rarely know where you are as you can never tell what the broker will do next. FOREXYARD takes this fear out of the equation by not only guaranteeing their pip spreads to between 3 and 5 pips but also offering guaranteed executable prices.
What this means is you always get the rate you see, no clicking through to execute a trade only to find the price has changed infavorably. With this guarantee you can trade with confidence and avoid nasty surprises, all contributing to more secure and profitable Forex trading.
In summary, FOREXYARD offers an unbeatable platform with some fantastic features and some of the best rates in the market. We strongly recommend that all new traders use this platform for the bulk of their trading if they want to ensure they are giving themselves the best possible chance of significant profits from Forex trade.
Click here to visit Forex Yard and open a SuperMini, Pro or Demo Account.
#2 Forex Broker Review - Easy-Forex (Click here to read Full Review)
#3 Forex Broker Review - Pip-Forex (Click here to read Full Review)
