Forex broker offers – our recommendation
The overview Forex broker offers As you can see from the beginning of this article, if you want to start trading forex directly with a forex broker, you have three major options to choose from: Plus500, Markets.com and eToro.
The latter broker was founded in Israel in 2006 and has long since established itself on the market. In the field of social trading heard eToro6 among the leading providers (you can find out more about this in our Social Trading Guide). According to their own statement, eToro loosens up the foreign exchange market with “simplicity and fun”. In addition to foreign exchange, investors can also trade indices, shares or commodities here. The minimum amount for your trading is 200 euros. As a Forex trader, you can trade nearly 50 FX currency pairs through eToro. The minimum spreads are slightly higher than most competitors, but there are no additional fees when accessing the social trading platform.
Plus5005 is a little younger than eToro and has since made a name for itself with the CFD business. Publicly traded forex broker Plus500 Ltd. was founded in 2008 and is based in Israel with subsidiaries in the UK, Australia, Singapore and Cyprus. As a forex trader, you are also in good hands here: you can easily make deposits with Plus500 via Paypal and credit card, you can open an account in 15 minutes. You do not have to pay any account/depot management fees, there are no order fees and no limit fees. To start trading Forex, you need to deposit at least 100 euros into your account. Plus500 makes it possible for you to leverage positions with a ratio of 1:30.
Markets.com11 is an online broker from Cyprus, established in 2010. Investors can trade stock, index, currency and commodity CFDs here with no commission or fees. Markets.com offers more than 50 FX currency pairs. The minimum deposit at Markets.com is 100 euros, you can use a maximum leverage of 1:30.