Best Forex Trading Platforms – Which Forex Trading Platform is Best in 2021?

Best Forex Trading Platforms – Which Forex Trading Platform is Best in 2021?

When trading a volatile asset such as forex, you will need a creditable broker to facilitate your access to this marketplace. Not to mention the added bonus of regulated platforms providing the option of leverage.

There are hundreds of online forex brokers these days. Whether it’s lack of licensing, high fees, or a limited number of supported markets – it’s difficult to find a good all-rounder.

With this in mind, this guide reviews the best forex trading platforms in 2021. We specifically talk about the importance of regulation, commissions, and tradable pairs – finishing with a simple walkthrough of how to sign up and start trading forex today.

Table of Content


    eToro - Buy and Invest in Assets

    Our Rating

    • Buy over 2,400 stocks
    • Trade thousands of CFDs
    • Deposit funds with a debit/credit card, e-wallet, or bank account and PayPal
    • Perfect for newbie traders and heavily regulated
    • Only real cryptos are available for US users
    75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.


    Best Forex Trading Platforms 2021 Reviewed

    When researching the many brokers available in the online arena, we examine several key factors.

    This includes:

    • Fees and commissions
    • Tier-1 regulatory standing
    • Available forex pairs
    • Trading tools on offer
    • Platform usability and customer service

    All of which we discuss in more detail after reviewing the best forex trading platforms in 2021 for your consideration.

    1. eToro – Overall Best Forex Trading Platform in 2021

    Coming in at number 1 on our rundown of the best forex trading platforms of 2021, eToro serves millions of currency traders from a multitude of different countries. Furthermore, this online broker offers heaps of asset types other than just forex. This is inclusive of more than 2,500 ETFs and stocks from 17 different global exchanges, indices, commodities, and a selection of cryptocurrencies. This is going to be beneficial if you decide to diversify your portfolio later.

    Importantly, eToro enables you to trade over 50 forex pairs, on a short or long-term basis. All without paying a cent in commission - this means all you have to think about is the spread and overnight financing fees. The spread on currencies at this platform starts from 1 pip on pairs like EUR/USD and USD/JPY.

    In terms of minors, spreads start from around 3 pips on pairs like GBP/JPY. For exotic pairs such as USD/ZAR, you are looking at a spread of around 50 pips. This is not out of the ordinary with such a volatile FX pair. We talk about available forex markets later in this guide, for those who are new to currency trading.

    Nevertheless, there should be no concern in terms of regulation here, as eToro is watched over by respected financial authorities the FCA, ASIC, and CySEC. All in all, eToro is extremely user-friendly and easy to find your way around - even if you have never traded a day in your life. There are also some super helpful tools and features on offer.

    For example, if you lack the time needed to trade the forex markets to your full potential, you may want to try out eToro's Copy Trader feature. This enables you to copy a seasoned forex trader/investor like for like, so all you have to do is invest and sit back. We talk about this trading feature in more detail later on, for those who wish to passively buy and sell currencies.

    eToro also offers a free demo account which is topped up with $100,000 in paper money for you to practice with. The best forex brokers are compatible with a range of payment methods and eToro is no different. Crucially, you can deposit funds into your account using credit and debit cards and bank wire. You may also use e-wallets such as Skrill, PayPal, Netteller, and more depending on the country you reside in. Our reviewers found that it usually takes less than 10 minutes to sign up with this forex provider.

    Our Rating

    • Commission-free forex trading platform
    • Super fast sign-up and easy to navigate website
    • 0.5% exchange fee for those not depositing in US dollars
    75% of retail investors lose money when trading CFDs with this provider

    2. EightCap – Best Forex Trading Platform for CFDs with 0% Commission

    EightCap offers access to a rather humble 200 markets, however, that shouldn't put you off. After all, you can trade some of the most popular markets globally, such as blue-chip stocks, valuable commodities like metals, and of course- heaps of forex pairs. Leverage will be offered depending on your location and FX pair of choice.

    In terms of forex, you can access more than 40 major and minor pairs. This includes widely traded pairs such as EUR/USD, USD/JPY, AUD/USD, GBP/USD, and USD/CHF. Furthermore, your EightCap trading account can be hooked up to MT4 and MT5 on mobile and desktop using a strong and secure tech framework.

    Spreads via this broker start from just 1 pip if you elect to sign up for the 'Standard' account. Alternatively, aimed at seasoned or high volume traders - the 'Raw' account comes with zero spreads on most forex pairs, but a commission of $3.50 per slide. Irrelevant to which account you choose, the minimum deposit stands at just $100.

    This forex provider offers the option of a 'Live' or 'Free Demo' account upon signing up, too. The latter is ideal if you wish to find your feet on the platform with paper money, cutting out the need to risk your own hard-earned capital on blind trading. When it comes to payments, upon going 'Live', you can deposit funds into your EightCap account using credit and debit cards such as Mastercard and Visa.

    Quick and convenient e-wallets are also accepted, which include Skrill, Neteller, and PayPal. There is nothing to worry about in terms of this forex broker's regulatory standing. This comes from one of the toughest legislative authorities in the space - ASIC.

    For those looking for educational content, you will find an impressive selection of features at EightCap. Our guide found everything from forex-specific analysis and market insight, to trading fundamentals and strategies.

    LT2 Rating

    • Licensed and regulated by Tier-1 bosy ASIC
    • Trade forex on a commission-free basis
    • Designed to work with MT4/5 platorms
    • No access to cryptocurrencies
    Your capital is at risk of loss when trading CFDs at this platform

    3. – Best Forex Trading Platform for Beginners

    This newbie-friendly forex provider is packed to the rafters with CFDs across more than 3,000 different markets. This includes FX pairs from major currency sectors, such as GBP/USD, EUR/USD, and USD/JPY. You can also access exotics like AUD/TRY, ZAR/JPY, and MXN/JPY (starting at around 0.5 pips). We found that the pair USD/TRY comes with a competitive average spread of around 0.03 pips.

    In fact, you will notice there is a good selection of exotics on offer here. Bear in mind due to the nature of the forex market, the price and spread of the respective pair will fluctuate almost constantly. Financial regulation comes from both CySEC and the FCA, so there is nothing to worry about with regard to safety. Furthermore, there is plenty of trading insight to be taken advantage of at This includes economic calendars, webinars, and various news and features.

    You will also be able to utilize the 'Learn to Trade' suite, which is made up of trading lessons (including ones specific to forex),strategies, investment phycology, and a range of bite-sized trading tips. In particular, we like that the forex trading platform offers a free demo account. Like with the other forex trading platforms reviewed above, you are able to trade in real market conditions - but with demo funds.

    There are 3 additional accounts available here, which include the 'Standard', 'Plus', and 'Premier'. Each comes with varying perks such as up to 1:30 leverage (location dependant), negative balance protection, advanced charts, a wide range of markets. The latter account is offered with premier events, exclusive webinars, and a dedicated account manager.

    Signing up takes a matter of minutes, and the broker accepts payment types such as credit and debit cards, bank transfers, and e-wallets (depending on your jurisdiction). The minimum deposit at is only $20 - which is perfect if this is your first time trading forex. Furthermore, you should find locating your desired currencies and placing orders a breeze as the site is so easy to navigate.

    Our Rating

    • Trade heaps of forex pairs commission-free
    • Beginner friendly minimum deposit of $20
    • Licenced and regulated by FCA and CySEC
    • Not enough fundamental analysis for seasoned forex traders
    82.61% of retail investors lose money when trading CFDs with this provider

    4. AvaTrade – Best Forex Trading Platform With Plenty of Techincal Analysis Tools

    Like all of the other best forex trading platforms on our list, AvaTrade is regulated and offers heaps of assets. Available markets include stocks, cryptocurrencies, commodities, and forex. There are more than 50 different forex pairs to choose from at this platform, covering the aforementioned majors, minors, and exotics. Majors come with an average spread of 0.9 pips which is pretty competitive and all can be traded as CFDs, enabling short selling and potentially leverage.

    AvaTrade is regulated across 6 jurisdictions. and authorized to operate in over 100 countries. As such, this forex trading platform offers multi-lingual support. Furthermore, the broker encourages people to trade with confidence by offering tools such as AvaProtect. This means that the broker will reimburse you for any losses made on trades when the end of your 'protected period' comes into play.

    You can check out the details and fine print of this tool on the trading platform itself. When it comes to useful features it doesn't end there. This top-rated forex platform provides access to economic indicators and calculators, forex guides and tutorials, the 'rules' of buying and selling, technical strategies, and indicators. Moreover, if you want to use the native AvaTrade platform -there is no need to download software.

    Instead, via your desktop browser, you can monitor your account, trade forex, and participate in social trading.The free demo account at AvaTrade comes loaded with $10,000 in virtual funds and can be used on both mobile and desktop. You can get started at AvaTrade with just $100 and fund your account with either a debit/credit card or a bank transfer. Furthermore, for new clients, AvaTrade is giving away a free forex trading strategies e-book!

    Our Rating

    • Acheievable minimum deposit of $100
    • Regulated in multiple countries
    • Trade heaps of forex pairs commission-free
    • Inactivity fees after 3 months no trading
    75% of retail investors lose money when trading CFDs with this provider

    5. EuropeFX – Forex Trading Brokerage With Various Platforms

    Forex trading platform EuropeFX offers access to several diverse markets, including stocks, commodities, indices, and digital currencies -as well as more than 50 forex pairs. This covers plenty of majors, minors, and exotics. For instance, here you can access USD/CNY (Chinese Yuan) - which is a pair offered by very few platforms in the online forex space.

    We found the spreads at EuropeFX to be very competitive on forex. For instance, major pair EUR/USD comes with a floating spread from 0.1 pips. Of course, when it comes to exotic currency pairs, the spread will be wider due to less liquidity. Leverage will be applicable on all forex pairs via this broker - with limits depending on your location and whether you are a retail or professional trader.

    Our guide found that there are 6 accounts available at EuropeFX, not including the demo. This ranges from a 'Standard' account with commission-free trading, to a 'Premium' account with a $3.50 commission per slide and no spreads. Furthermore, this forex trading platform is compatible with MT4 and 5. Alternatively, you can stick with EuroTrader 2.0.

    The latter comes with its fair share of educational content and trading tools but is more suited to beginners than seasoned currency traders. The broker's regulation comes from CySEC, so you are in good hands here. Furthermore, EuropeFX accepts deposits via credit and debit cards, as well as bank transfers and e-wallets. The latter is dependant on where you reside. You can get started with a minimum deposit of $200 and signing up is a stress-free process.

    Our Rating

    • Hundreds of forex and CFDs commission free
    • Tight forex spreads and free demo account
    • Fully regulated by CySEC
    • Premium account starts at $50,000 deposit
    82.61% of retail investors lose money when trading CFDs with this provider

    How to Find the Best Trading Platforms?

    With so many online forex providers promising the moon on a stick, it can be hard to know where to start in finding a decent platform. After all, each forex provider will offer a slightly different service, provide access to varying markets, and likely have different fee structures in place.

    With that in mind, we didn’t stop at reviewing the best forex trading platforms for 2021. We’ve also included below a useful checklist of considerations to use when carrying out your own research!

    Regulation, Licensing, and Safety

    We touched on regulation throughout our best forex trading platform reviews. For those unaware, regulated online brokers must jump through hoops to obtain and hold onto licenses.

    In order to remain compliant with the rules set out by stringent financial authorities, online brokers must:

    • Submit regular detailed audits
    • Keep clients’ funds in a separate tier-1 bank account
    • Maintain fee transparency
    • Follow customer due dilligence and KYC (Know Your Customer) procedures
    • and more.

    As such, it’s crucial to stick with regulated forex trading platforms that are licensed by one or more of the following bodies:

    • ASIC (Australia)
    • FCA (UK)
    • CySEC (Cyprus)
    • MAS (Singapore)
    • SEC, CFTC, and FINRA (US)

    Regulatory bodies exist in many jurisdictions and are tasked with keeping the forex trading space clean and fair. The ones listed above are the most well-known in the industry.

    Supported Forex Pairs

    When looking for the best forex trading platforms, you need to think about which FX pairs will be supported. As we touched on, currencies are traded in pairs, which are separated into categories –  majors,  minors, and exotics.

    For those who are new to the currency scene – the best forex trading platforms will offer access to the following categories.

    Major Pairs

    A key characteristic of major pairs is that they invariably include the US dollar, alongside another strong fiat currency such as Canadian or Australian dollars.

    To give you a clearer idea of some major forex pairs, see below:

    • GBP/USD (British pound)
    • EUR/USD (Euro)
    • NZD/USD (New Zealand dollar)
    • AUD/USD (Australian dollar)
    • USD/CAD (Canadian dollar)
    • USD/JPY (Japanese yen)

    Major forex pairs tend to come with the tightest spreads due to their high liquidity in the market. For this reason, beginners might be best to stick with this pair category. After all, it’s much less intimidating to try and catch gains from price fluctuations when volatility is on the low side.

    Either way, the best forex trading platforms will provide access to all major currency pairs.

    Minor Pairs

    Another forex pair type worth considering for newbies is minor pairs. Unlike major currency pairs, this one never includes the US dollar. Instead, it will be made up of alternative strong fiat currencies.

    To clear the mist, see some popular minor FX pairs below:

    • EUR/GPB (euro/British pound)
    • AUD/CAD (Australian dollar/Canadian dollar)
    • EUR/AUD (euro/Australian dollar)
    • GBP/JPY (British pounds/ Japanese yen)
    • EUR/NZD (euro/New Zealand dollar)
    • EUR/JPY (euro/Japanese yen)

    Like major forex pairs, minors also come with tight spreads and high liquidity – although not as much. Our guide found that the best forex trading platforms offer all minor pairs.

    Exotic Pairs

    As the name suggests, exotic pairs are less liquid and much more volatile. As such, you will find that not every forex trading platform is able to offer them.

    For those unaware, exotic pairs always include a strong fiat currency, as well as one emerging currency. For the latter, think along the lines of the Mexican peso or Turkish lira.

    See a list of exotic pairs that might be on offer at the best forex trading platforms:

    • TRY/JPY (Turkish lira/Japanese Yen)
    • USD/HKD (US dollar/Hong Kong dollar)
    • CHF/RUB (Swiss franc/Russian ruble)
    • USD/DKK (US dollar/Danish krone)
    • CHF/ZAR (Swiss franc/South African rand)
    • USD/CZK (US dollar/Czech koruna)

    Volatile exotic pairs produce plenty of profit potential and that’s exactly why some forex traders are attracted to them. Whilst spreads will be wider, the potential rewards often make this worthwhile. Again, if you are a beginner, it will be best to trade minor and major pairs until you find your feet.

    Potential Fees

    It’s crucial to be aware of any fees before signing up with a forex trading platform. See below the most commonly seen fees in this industry.


    The spread, for those unaware, is the gap between the buy price of the currency pair and the sell price.

    For newbies, see a quick example to clear the mist:

    • Let’s say you are trading EUR/GBP
    • The buy price is $0.86550
    • The sell price is $0.86552
    • This is a spread of 2 pips

    Crucially, you are beginning this trade 2 pips in the red, as this is an indirect fee collected by the online broker. As such, anything over 2 pips will be actual profit from the forex trade.

    The best forex trading platforms, such as eToro, offer tight spreads of 1 pip or less on major and minor pairs – alongside a commission-free service!


    Many online brokers charge commissions for entering and exiting the market. As such, it’s a good idea to find forex trading platforms with low fees, as well as the aforementioned criteria.

    Our guide found that the lion’s share of forex providers charge a variable commission fee. This is much more compatible with short-term currency traders.

    See an example of a variable spread below:

    • Let’s say the broker charges a 2% commission fee
    • You place a $1,000 buy order on USD/JPY
    • You must pay $20 to enter the FX position ($1,000 x 2%)
    • Upon cashing out, the USD/JPY trade is worth $1,400
    • You must pay a 2% commission again to close your trade – this equates to $28 ($1,400 x 2%)
    • In total, you paid $48 to enter and exit this trade

    Fees can soon nibble away at your gains, and the only thing better than a variable commission fee is none at all. As such, at our top-rated forex trading platform eToro, you would have saved $48 on this trade – as the broker charges no commission.

    Other Fees

    Other fees to be mindful of at the best forex trading platforms include:

    • Overnight Financing: For those of you interested in forex CFDs, you will be liable for overnight financing fees (also called swap/rollover fees). This is a daily fee charged for each day you leave a trade open. eToro clearly shows how much the daily fee will be on every order form. The amount you pay depends on the pair being traded and the size of the stake/leverage. This rate will be slightly higher on a weekend.
    • Platform Fees: Whilst all brokers are different, some may charge platform fees. For this reason, it’s crucial that you check the fee structure at any forex trading platform you are thinking of joining. Some may charge a monthly or annual fee based on your invested capital – whilst others charge nothing to look after your account.
    • Deposit/Withdrawal: Another potential charge to be aware of is deposit and withdrawal fees, which again, can soon add up. Some forex providers charge for both deposits and withdrawals, so always check with the broker in question.

    As you can see, fees and commissions can be complex to understand – so it’s best to choose a forex trading platform that is transparent on what it charges.

    Platforms and Usability

    The majority of forex brokers allow you to buy and sell via its proprietary web-platform. Such websites are usually designed to be easy to use for beginners.

    If you are somewhat of a seasoned forex trader, you will likely need more in terms of technical analysis and trading tools. The best forex trading platforms will also be compatible with third-party software = such as MT4/5 or cTrader.

    If you are not keen on the idea of spending months learning technical analysis or downloading MT4 software, you might want to try the Copy Trader feature at eToro. We talk about this passive way to trade forex shortly.

    Platform Tools and Features

    The tools and features offered by the best forex trading platforms will be easy to use and aid your decision-making process.

    See below some of the best and most useful.

    Social and Copy Trading

    There are features offered by some online brokers which enhance your profit-making potential and allow you to trade passively. We touched on social and copy trading in our forex trading platform reviews.

    eToro is a social trading platform that allows you to ‘like’, ‘follow’, and ‘comment’ on fellow forex traders’ posts. The broker’s stand-out feature is arguably the Copy Trader tool. Simply, find a forex trader you like by researching the data and information available to you. This includes preferred assets, historical trading data, and risk level, etc.

    Next, select an amount of money to invest. Then, whatever currencies they buy or sell will be shown in your own portfolio – correlating to the amount you invested.

    For example:

    • You invest $1,000 in your chosen Copy Trader
    • The forex pro stakes 2% of their portfolio into USD/HKD, and 3% into NZD/USD
    • As such, 5% of your own portfolio is also staked on these two pairs
    • If the seasoned trader cashes out on NZD/USD – so will you
    • If this resulted in a 10% profit – you would have made the same – at an amount proportionate to what you invested!

    As you can see, this is a great wait to gain access to the currency markets, without having to learn the ins and outs of technical analysis yourself!


    As you likely know, leverage gives you the opportunity to trade with more than your account allows. If or how much leverage you will be offered depends on various factors, such as where you live, which asset or pair you are trading, and the size of your stake.

    See further information below:

    • If you are from the US, you can trade major forex pairs with leverage of up to 1:50
    • In Australia, parts of Europe, and the UK – leverage will be offered up to 1:30 on major FX pairs and 1:20 on minor pairs.
    • Leverage can be displayed as a ratio or a multiple such as 1:2 or x2, 1:10 or x10, 1:20 or x20, and so on
    • Leverage of 1:30 means that you could potentially boost a $100 stake on a major pair to up to $3,000
    • As such, a $100 stake on a minor or exotic pair could be ballooned up to $2,000, by adding 1:20 leverage

    By boosting your position with leverage, you are in turn magnifying profits if the trade is successful. This also means that if the currency pair goes in the other direction, your losses will also be amplified. With that said, you should exercise caution when applying leverage at your chosen forex trading platform.

    Technical Indicators

    When looking for the best forex trading platforms –  it’s suggested to see what technical indicators (if any) will be available to you.

    Without indicators and charts showing you trends and price shifts of past and present – you might as well just throw a dart. This is because technical indicators enable you to make informed decisions about which direction a pair could be headed.

    Partaking in technical analysis will see you studying volume, liquidity, volatility, price trends, and more alongside chart drawing tools. As we mentioned, some of the best forex trading platforms allow you to link your account to MT4 and access heaps of tools, indicators, and charts.

    Deposits, Withdrawals, and Payments

    If you have a specific payment method in mind, you should check what the provider in question accepts. For instance, many traditional-style online brokers only accept bank transfers.

    Notably, though, bank transfers can take between 2 days and a week to clear in your trading account, and therefore this will delay your endeavors by some time. The best forex trading platforms accept fast and modern payment methods such as credit and debit cards, and e-wallets.

    eToro accepts all of the above, which includes PayPal, Skrill, and Neteller. This broker does charge an exchange fee if you are not funding your account using US dollars. However, this is a mere 0.5%, and it’s worth remembering that the provider offers 0% commission on all forex trades!

    Educational Resources

    If you are an experienced trader and already know the ins and outs of this industry, then you might want to skip educational resources. However, for newbies, such material is an invaluable part of learning the ropes.

    Each broker will differ. However, each of the best forex trading platforms that made our list offer some sort of educational content – aimed at helping inexperienced forex traders.

    Getting Started With a Forex Trading Platform – Walkthrough

    As soon as you have decided which forex trading platform is best suited to your own needs – you can get started.

    For this walkthrough, we are showing you how to join eToro – as the platform allows you to trade dozens of forex pairs commission-free.

    Step 1: Register an Account

    Head over to eToro and click ‘Join Now’. Fill in your name and other details – as indicated in the sign-up box.

    This can be done either on your mobile device or via the main desktop website.

    Step 2: Verify Your Identity

    As per KYC, you will need to verify who you are. eToro accepts a driving license or passport as photo identification. When it comes to proof of address, you can use a recent utility bill or official bank statement – either a scanned or digital copy is fine, as long as it’s clear.

    You may leave the uploading of documents until further down the line. However, please note this must be completed before you can make a withdrawal request (or deposit more than $2,250).

    Step 3: Make a Deposit

    Making a deposit at eToro is easy, as there is a variety of payment types to choose from.

    This includes:

    • Mastercard
    • Visa
    • Maestro
    • Skrill
    • Neteller
    • PayPal
    • Bank Transfer

    Simply enter the amount you wish to deposit into your account and select your chosen payment method from what’s available to you.

    Step 4: Search for a Forex Pair

    Now that your account has been confirmed and been funded you can find a forex pair to trade.

    Start typing whatever pair you want to trade in the search box – and click ‘Trade’ when you see it. In our example, we want to trade the euro against the Australian dollar.

    If you are yet to decide, click on ‘Trade Markets’ on the left-hand side, followed by ‘currencies’. At which point all available forex markets will be displayed on your screen.

    Step 5: Place a Trade

    After clicking ‘Trade’ beside your chosen currency pair, an order box will appear.

    The first thing to do is decide between a buy and sell order. If you think the exchange rate will rise – choose to buy. Alternatively, if you want to go short – choose to sell

    Enter your stake, stop-loss, and take-profit amounts. Next, once you are happy with your entries – you can click ‘Open Trade’. In doing so, eToro will execute your order accordingly!

    Best Trading Platforms – The Verdict?

    With attractive trading hours and high liquidity, it’s no surprise that trillions of dollars worth of forex changes hands every single day. As such, there are hundreds of online brokers jostling for the top position in the space.

    The best forex trading platforms will be regulated, offer tight spreads on heaps of currencies, and have a user-friendly website. eToro passes with flying colors in this respect. The broker is regulated by the FCA, ASIC, and CySEC and provides access to over 50 forex pairs with competitive spreads.

    This respected broker charges ZERO commission and offers features such as Copy Trading, as well as useful educational content for beginners. Get started in less than 10 minutes and try out the free forex demo account with $100,000 virtual funds!


    eToro - Buy and Invest in Assets

    Our Rating

    • Buy over 2,400 stocks
    • Trade thousands of CFDs
    • Deposit funds with a debit/credit card, e-wallet, or bank account and PayPal
    • Perfect for newbie traders and heavily regulated
    • Only real cryptos are available for US users
    75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.



    What is the best forex trading platform for beginners?

    Our guide found that the best forex trading platform for beginners is eToro. The online broker is regulated, offers heaps of forex pairs with tight spreads, a trading suite full of educational content for newbies, and you can get started in minutes!

    Can I get rich from trading forex?

    Whether or not you can get rich depends on various factors - such as the amount you are willing or able to stake. Importantly, you will not make money unless you correctly predict the rise or fall in price, and create the correlating trading order with the online forex broker of your choosing.

    What is the best all-round forex trading platform?

    The best all-around forex trading platform of 2021 is eToro. The online broker is regulated by the FCA, CySEC, and ASIC, offers over 50 forex pairs that can be traded on a commission-free basis, and is simple to navigate for all skill-sets. Moreover, it usually takes less than 10 minutes to sign up using credit/debit cards or e-wallets such as Skrill and PayPal.

    What metrics do I need to check when choosing a forex trading platform?

    It's important to ensure the forex trading platform is regulated first and foremost. You should also check what forex pairs are available, what fees and commissions will be expected of you, and what payment methods are accepted. It's also worth checking what trading tools will be on offer and whether you can access a free demo account to practice forex trading strategies.

    Can I begin forex trading with $100?

    The minimum stake will vary between forex trading platforms, so it's better to study all information at each individual brokerage. At AvaTrade, for example, the minimum deposit is just $100. At, this is even lower at just $20.


    Author : Samantha Forlow

    Samantha Forlow

    Samantha is a UK-based researcher and writer that specializes in all-things finance. This covers everything from traditional equity and fund investments, to forex and CFD trading. Samantha has been writing financial-based content for several years and has a variety of publications in the online domain. Crucially, she is able to explain complex financial subjects in a newbie-friendly manner.