Forex Brokers For All Levels
- And With Major Benefits

Here in our forex broker review we’ll show you how to begin with an A-B-C broker, and then progress quickly to an X-Y-Z broker, providing you with some free education along the way, and access to expert traders who will trade your account profitably for you.

There seems to be no end of forex brokers and trading platforms out there to choose from. We’ve tried many foreign exchange brokers and have tried here to focus in on the best forex broker for each level of experience.

With time and practise you will progress to the more complex services, but for now you need a forex brokerage that provides;

• An easy to understand trading platform (i.e. a user interface provided and supported by the broker themselves)
• Easy to use charting software
• A practise account for simulated forex trading with pretend money – hence learning without risking any money
• Tight spreads, and zero commission trading to help maximise your profits when you do trade with real money

Accounts can be opened easily worldwide with just a USD $50 deposit, but amazingly if you deposit $400, eToro will give you an extra $100, so you’re in profit before you’ve even taken your first trade.

For really serious traders whose first deposit is USD $10,000 or more, eToro will add an extra $1,000. Not a bad deal we think.

eToro’s spreads are variable and can be as tight as 2 pips and their customer service people who on the whole are very helpful are available 24 hours a day.

On the downside we found parts of their platform to be so over simplified that they were just plain silly – e.g. the geographical and “marathon” modes were quite laughable.

However, anyone with even the most basic knowledge of forex would quickly be able to use the Expert Mode, which we found to be really very user friendly, with easy to use charts, and best of all a built in economic calendar and forex news feed.

Particularly helpful for those of you for whom English is not your first language, is that eToro’s platform can be viewed in many different languages, such as German, French, Spanish and many more. Their platform can be used as an online forex broker as well as a software download to your pc.

For all round functionality we like the offering provided by AvaFX.


You can either use their own very good platform, which includes an easy to use charting package, or you can trade through MetaTrader.

They offer fixed spreads over a wide range of instruments, with commission free and fee free trading and up to 200 times leverage.

Click on the image to try AvaFX's demo account (opens in new window)

Also appealing for those of you for whom English is not your first language is that their platform can be set up to display in French, German, Spanish, Arabic or Japanese.

Incentives:

Particularly attractive about Ava’s package for newer traders is their provision of some excellent free forex training DVDs which will give you a very good grounding in technical analysis and trading strategy. In essence this is 4 hours training delivered by an independent trading education company for free, so well worth having.

As with many other brokers, Ava will make a contribution to your initial deposit. So, at present if you make an opening deposit of USD $100, they will add an extra $50, or more if you are making a bigger opening deposit.

Autotrading functionality:

However, what we think you’ll like most about Ava is that it offers a variety of auto trading options and a forex demo trading account in which you can test them before committing real money to them. Ava make all of the following autotrading options possible;

• Strategies – The Ava Trader platform gives you free access to a list of strategies being traded by other traders. Simply choose those with the best performance over the time period of your choice, set your risk parameters and let the system autotrade your chosen strategies for you.
• Signals - Zulutrade can link directly to your Ava account (even when your computer is not on) and trade free signals from expert traders you have selected. See the Autotrading section of this website for more information.
• Robots – Ava is a broker that supports robots / expert advisors through Metatrader. Click the following link to download and learn more about Metatrader4 (Opens in new window).

Think about this – what if the human is feeling sick, or has just been dumped by his girlfriend ? Do you think his trading might suffer a little ? Maybe.

Computers don’t have girlfriends. Humans and computers undoubtedly each have their own strengths and weaknesses, and in our experience it’s best to benefit from both.

How many strategies or signals you can trade at any one time in combination will depend on how much trading funds you place in your account. Your broker will be able to advise you of how much you need to deposit in order to carry out the level of trading you have in mind.

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