Top Rated EU Forex Brokers and Platforms.
Top 10 European Forex Brokers by TradersAsset European traders can enjoy a hassle-free online Forex trading experience, as they are free to open accounts and trade without restriction. There are a huge number of Forex brokers at a European traders’ disposal. 25 rows · Thanks to EU passporting rights under MiFID, obtaining forex license in one EU member .
One of the best ways to boost your chances of success in Forex is to understand the ins and outs of currency trading. Setting up a demo or practice account can offer an opportunity to do trade on a live account without putting any money at risk and most Forex brokers offer this feature. Feeling secure with a broker is of major importance to a trader and should be validated before opening a trading account.
Traders often need to contact a broker representative for clarification or additional information. Contact information should be listed on the landing page and should include telephone numbers and email addresses. Live Chat offers immediate contact with an online rep and is available with most brokers.
Brokers usually offer their clients a choice of different trading accounts. Accounts can differ according to the amount of money required to open the account, fixed or floating spreads, varying leverages and more. Bonuses can also be contingent on the type of account opened. Brokers tend to provide a choice of accounts and their main difference may be the amount of the initial deposit.
Deposits can be made in a variety of different ways, but credit cards and bank wires are the most popular methods with online payment systems gaining popularity. In most cases, there are no charges for opening an account with a broker. When deciding with which Forex broker to open an account, you should look carefully at all charges and fees and especially the percentage of pips included in losses and profits as this can determine the final outcome of the trade. Most brokers offered traders a certain amount of leverage to enable them to increase their investment amount.
These differ from broker to broker as well as from one account to another. New traders just starting out should avoid using leverage at first as it can put him at increased risk if his trades end in a loss.
Spreads are the difference between the buy and sell price and this is where the broker makes its money. It is important to check what type of spread-fixed or floating-is levied as well as to compare the amount of the spread with that of several brokers.
Another feature to look for in a Forex broker is whether the option of a free demo account is provided. Demo accounts allow you to make trades in a real online account without putting up any money. Brokers offer this option with varying time frames and different amounts of virtual trading funds but even for a short period of time, the use of a demo account offers sufficient opportunity for you to grasp the concept of Forex trading and learn the ins and outs of currency price movements.
Other brokers add on what is considered exotic pairs which are currencies from smaller or developing countries. Still others offer trading in bitcoins, a cryptocurrency.
The Forex trading platform offered for use by each broker should also be seriously considered before deciding whether or not to open an account. The trading platform is used to place orders, check out Forex news, perform technical analysis, manage the trading account and much more.
Sometimes the platform is a third party application but in many cases it is also a specific application created, designed or modified by the Forex broker. Comparing the features provided in the different versions of both the basic platform and those on the higher upgrades is necessary in assessing whether or not the platform works for you. The more you know, the better trader you will be.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Fortunately as a Forex trader who is based within one of the many European States, you are going to find some very well run and operated Forex Brokers. In fact if you are seeking out a first class Forex Broker at which to place your trades then each of our handpicked Brokers will surpass your expectations.
Below are some of the many additional benefits you will have coming your way if you choose to sign up to any of those Brokers today or in the very near future. Get Paid Quickly — Once the time arrives when you have placed one or more winning Forex trades you will of course want to get access to those gains as quickly as is possible, all of our featured and top rated Australian Forex Brokers have been chosen for several different reasons and one of those reasons is that they always payout traders gains quickly and by a method of their own choosing.
Two Different Trading Platforms — By you signing up today either via a demo trading account or via a real money trading account at any of our featured European facing Forex Brokers you will be able to use a mobile trading platform allows you to instantly be able to place your Forex trades wherever you are quickly and very easily, however they do all have of course their own highly advanced online trading platforms too, and as such you can use a web browser based trading platform if you prefer.
Up to Date Market News — By becoming a client of any of our top rated European Forex Broker you will find a range of additional features are available directly from their websites. One thing all of them have on offer is a rolling financial news feed that will allow you to always be up to date which all that is happening in the money markets.
Top 10 European Forex Brokers and Platforms by TradersBible We want all of our Forex trading website visitors to have a range of different Brokers at their fingertips who are going to offer them a first class online or mobile trading experience.
Another feature to look for in a Forex broker is whether the option of a free demo account is provided.
Further down below this is a brief overview of each of our featured Forex brokers.