Forex trading is getting popular in online community which involves the trading of currencies with trust-worthy brokers but it also involves high-risk with high profit and may not be the best option to take part in stock market trading and/or day trading. Currency trading is essential for import or export products and/services since it involves the international currencies as consideration consequently the international forex market is getting large with passage of time in terms of volume. Now people are taking more interest in online Forex brokers, since lots of different trading platforms are available to trade instantly with just a click but the most initial step is to choose a trust worthy online forex traders that delivers learning tools and resources for beginning traders. In this system you need to buy first buy one currency, and then if it moves in the direction you want it to then finding somewhere to sell that currency to and then buy the other one! so you are required to place a trade on which way you think one currency is going to move against another, and wait for your desired condition, therefore it is highly recommended to learn trends as well as the top Forex Brokers online websites before jumping into Forex trading.
The Top 10 Online Forex Traders for Beginners
Here we are listing next generation of Online Forex traders based on their services and credibility. They also offers daily platform walk-throughs and strategy sessions, a library of trading and instrument guides, and a calendar of events that will teach you how to read quotes and place trades. A few US-based forex brokers offer demo account with virtual balance for practice purpose and then demand a minimum deposit to start forex trading. Free educational resources and live chat for assistance are all there furthermore, you can trade on a computer, tablet, or even smartphone. Take a look of well known online forex brokers websites that will keep things simple and give you easy access to have trading from your home.
| Forex brokers | Practice Account | Minimum Deposit |
|---|---|---|
| OptionsXpress | $25,000 | None |
| OANDA Corporation | Unlimited | None |
| FOREX.com ( a part of GAIN Capital Holdings [GCAP]) | $50,000 | $250 |
| TradeKing Forex | $50,000 | $500 |
| TradeStation Group | $25,000-$200,000 option for Simulated Account | $2,000 |
| Fortex Capital Marketing (FXCM) | $50,000 | $2,000 |
| thinkorswim by TD Ameritrade, Inc. (AMTD) | N/A | Min deposit $2,000 |
| E*trade FX (E*trade Financial Corporation [ETFC]) | $50,000 for 30 days | $2,000 |
| Place Trade Financial | N/A | $5,000 ($3,000 for individuals between the ages of 21 – 26) |
| Interactive Brokers Limited (IBKR) | After trading account has been approved and funded | $10,000 |
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