Forex Strategies

Forex trading can't be consistently profitable without adhering to some Forex strategy. It takes time and effort to build your own Forex trading strategy or to adapt an existing one to your trading needs and style. It's important to choose a strategy or system that is easy to follow with your daily trading schedule and that can be applied successfully with your account balance size. In this Forex strategy repository you'll find various strategies that are divided into three major categories:
Indicator Forex Strategies
Price Action Forex Strategies
Fundamental Forex Strategies


Indicator Forex Strategies are such trading strategies that are based on the standard Forex chart indicators and can be used by anyone who has an access to some charting software (e.g. MetaTrader platform). These Forex strategies are recommended to traders that prefer technical analysis indicators over everything else:

Moving Average Cross Strategy

Parabolic SAR Strategy

Stochastic Oscillator Strategy

MACD Divergnce Forex Strategy

Combined Stochastic Oscillator/MA Strategy


Price Action Forex Strategies are the trading strategies that don't use any chart or fundamental indicators but instead are based purely on the price action. These strategies will fit both short-term and long-term traders that don't like the delay of the standard indicators and prefer to listen as the market is speaking. Various candlestick patterns, waves, tick-based strategies, grid and pending position systems — they all fall into this category:

Inside Bar Strategy

Simple Price Based Trading System

Martingale Trading System

Scalping Forex Strategy

Support and Resistance Strategy


Fundamental Forex Strategies are the based on purely fundamental factors that stand behind the bought and sold currencies. Various fundamental indicators, such as interest rates and macroeconomic statistics, affect the behavior of the Forex market. These strategies are quite popular and will benefit long-term traders that prefer fundamental data analysis over technical factors:

Important News Trading Strategy

Carry Trade Strategy

Wednesday AUD/JPY Strategy


If you want to share your Forex trading strategy with other traders, or want to ask some questions regarding the strategies presented here, please, join a discussion of the Forex strategies at the forum.

Forex VPS Hosting

VPS (Virtual Private Server) hosting allows the Forex traders to use the virtual environment on the hosting company's servers to run the MetaTrader expert advisors non-stop 24 hours a day, 7 days a week. The VPS is always on-line, it won't reboot during the trading week, it's not affected by the power outages and you don't need to worry about keeping your PC always on. If you want to run your expert advisors continuously without the unplanned interruptions then Forex VPS hosting for MetaTrader is what you really need. The purpose of the list presented below is to help traders in finding the best VPS hosting for MetaTrader 4 expert advisors. Here's the list of the on-line companies that offer Forex hosting service via VPS:

Sort by: Order | Basic Package Price | Traders' Rating | NameVPS Hosting Name Basic Package Price MT4 Pre-Installed Country Trial Rating
Commercial Network Services $30 + United States - 7.3
Swvps.com $9.95 - USA and UK - 7.9
ellict $32.50 + United States + 3.1
EZForexHost $69.95 + United States - 4.2
Forex Hoster $69.95 + Slovakia - 4.8
Zuit $29.99 + United States - 5.6
BostonTechVPS $49 + United States - 7.5
HostEasier $35 - United States - 2.5
eApps $11 - United States - 4.2
VPSLAND $18 - United States + 4.5
OmegaSupreme $25 + Canada - 4.8
JFOC Network Solutions $38 - United States - 3.2
Ultima Hosts $29 + USA, Australia and UK - 7.4
ForexVPS.ch $69 + Switzerland + 7.8
Crucial Paradigm A$55 + Australia - 4.0
ForexVPS $35 + United States - 3.4
Gallant VPS $74.95 + United States + 5.6

Risk and Reward Forex Calculator

The risk and reward calculator will help you to calculate the position's best targets and their respective reward-to-risk ratios based on the Fibonacci retracements from the local peak and bottom. It's a powerful tool to determine the potential risks before entering any positions.

The price needs to be inside the wave for you to use this calculator properly. Here are the two variants of the wave you can work with — bullish and bearish:


The current price is C; A is the beginning of the wave (bottom for bullish and peak for bearish); B is the local maximum (for bullish wave) or minimum (for bearish wave).

Fibonacci retracements (0.382 and 0.618) are calculated to form the entry, target and stop-loss levels. It's better to enter positions only if the current price (C) is close to 0.382 Fibonacci level.Price A:
Price B:
Price C:


Results:0.382 Retracement:
0.618 Retracement:

1st Target:
2nd Target:
3rd Target:

Risk Reward Ratio
1st Target:
2nd Target:
3rd Target:


It's not recommended to enter a trade if your reward-to-risk ratio is less than 2.

Our position size calculator may also come to use for you as it allows you to calculate the optimal position size depending on the risk you tolerate, the stop-loss level, and the total size of your account.

Position Size Calculator

Position size calculator — free Forex tool that lets you to calculate the size of the position in units and lots to accurately manage your risks. It works with all major currency pairs and crosses. It requires the minimum input values, but allows you to tune it finely to your specific needs. All you need to do is to fill the form below and press the "Calculate" button:Account Currency:
Account Size:
Risk Ratio, %:
Stop-Loss, pips:
Currency pair:


Results:
Money, USD:
Units:
Lots:


Calculating the amount you can risk is very important if you carefully follow money management strategy. I advice using it every time you manually open a new Forex position. It will take a minute of your time, but it will also save you from losing money you don’t want to lose. Position size calculation is also a first step to the organized Forex trading, which in its turn is definite property of the professional Forex trader.

Importance of the thorough position size calculation is stressed out in many influent Forex books. Sizing a position should be done in line with setting the right stop-loss and take-profit levels. And it’s hard to lose all the account’s money if you manage risk and position size every time you enter the Forex market.

You might also find our pip value calculator useful. It can help you to find the value of the pip for different currency pairs and for the nonstandard account currencies.

Pip Value Calculator

Use this pip value calculator if you want to know a price of a single pip for any Forex traded currency. Use this free Forex tool to calculate and plan your orders when dealing with many or exotic currency pairs. All you need to do is to fill the form below and press the "Calculate" button:Account Currency:
Currency pair:
Position size, units:


Results:
Price of pip:


Although knowing the actual value of a pip in the U.S. dollars is trivial for such currency pairs as EUR/USD, GBP/USD, it is quite hard to tell the pip value for these currency pairs if your account is denominated in other currencies, or for any other pairs, which have a base currency other than your account is. These currency pairs also require the knowledge of the bid/ask price to convert the pip value to the account currency.

You might also be interested in our position size calculator. It can help you to calculate the optimal size of the position depending on your stop-loss in pips, risk tolerance and account size.

The presented Fibonacci calculator will help you to generate four basic Fibonacci retracement values — 23.8%, 38.2%, 50% and 61.8%. All you need to do is to fill the current trend's highest and lowest values into the form below and press the "Calculate" button:
High price:
Low price:

Direct Reverse
100,0% Retracement Value:
61,8% Retracement Value:
50,0% Retracement Value:
38,2% Retracement Value:
23,6% Retracement Value:
0,0% Retracement Value:


Fibonacci retracement levels is a powerful Forex tool of a technical analysis. The main idea behind these levels is the support and resistance values for a currency pair trend at which the most important breaks or bounces can appear. It is recommended to set your stop-loss, take-profit as well as stop and limit orders at these levels or around their values. This Fibonacci calculator will organize your currency trading experience and will allow you to be in the market full-time.

You might also be interested in our pivot points calculator. It will help you to calculate the vairous pivot points and support/resistance levels.

The presented pivot points calculator will generate pivot points in four different systems for you in seconds! Just fill the form below with the previous period's data and press the "Calculate" button:
High price:
Low price:
Close price:
Current Open price:*

* For DeMark's pivot points.


Results:
Floor Pivot Points Woodie's Pivot Points Camarilla Pivot Points DeMark's Pivot Points
4th Resistance =
3rd Resistance =
2nd Resistance =
1st Resistance =
Pivot Point =
1st Support =
2nd Support =
3rd Support =
4th Support =


The floor pivot points, presented in the first column of the calculation results table, are the most basic and popular type of pivots used in Forex trading technical analysis. The pivot point is interpreted as the primary support/resistance level - the point at which the main trend will be born. First-third level resistance and support points serve as additional indicators of possible trend reversal or continuation. The rules to calculate floor pivot points are quite simple:

Pivot (P) = (H + L + C) / 3

Resistance (R1) = (2 X P) - L

R2 = P + H - L

R3 = H + 2 X (P - L)

Support (S1) = (2 X P) - H

S2 = P - H + L

S3 = L - 2 X (H - P)

Other popular method of calculating a simple TA indicator which helps trader to forecast future trend is Tom DeMark's pivot points. Which are not pivot points exactly, but predicted low and high of the period. To calculate DeMark's pivot points follow these rules:

If Close < x =" H"> Opencurrent Then X = 2 X H + L + C;

If Close = Opencurrent Then X = H + L + 2 X C;

New High = X / 2 - L; New Low = X / 2 - H

Woodie's pivot points are similar to floor pivot points, but are calculated in a somewhat different way, giving more weight to the Close price of the previous period. Use the following rules to calculate Woodie's pivot points:

Pivot (P) = (H + L + 2 X C) / 4

Resistance (R1) = (2 X P) - L

R2 = P + H - L

Support (S1) = (2 X P) - H

S2 = P - H + L

Camarilla pivot points is a set of eight very probable levels which resemble support and resistance values for a current trend. The origin and the precise way to calculate these pivot points are unclear. The most important is that these pivot points work for all traders and help in setting the right stop-loss and take-profit orders. I use the following rules to calculate Camarilla pivot points:

R4 = (H - L) X 1.1 / 2 + C

R3 = (H - L) X 1.1 / 4 + C

R2 = (H - L) X 1.1 / 6 + C

R1 = (H - L) X 1.1 / 12 + C

S1 = C - (H - L) X 1.1 / 12

S2 = C - (H - L) X 1.1 / 6

S3 = C - (H - L) X 1.1 / 4

S4 = C - (H - L) X 1.1 / 2

You can find a history of the Camarilla pivot points method and some interesting examples of its usage in a short e-book entitled Camarilla Levels.

You might also be interested in our Fibonacci calculator. It will help you to calculate the retracement levels of the completed trend.

MetaTrader Forex Indicators

At this page you can freely download MT4 and MT5 Forex indicators that can be attached to the MetaTrader Forex trading platform to boost your Forex trading performance. You can develop your own Forex trading strategies using these indicators, or you can simply follow them as the trading signals. Feel free to implement any of these indicators into a custom MetaTrader expert advisor. You can change these indicators freely before using on your Forex trading accounts.

If you have any problems with installing or using these indicators, please refer to this tutorial:

MetaTrader 4 Indicators User's Tutorial

MetaTrader 5 Indicators User's Tutorial

Aroon Up & Down (MT4, MT5) — this MetaTrader indicator is based on finding the maximums/minimums of the period and doesn't use any standard MT4/MT5 indicators. It is a separate window indicator with 2 charting lines. I find it useful to determine the trend changes.

BB MACD (MT4, MT5) — a MACD variation custom MT indicator, based on moving averages and standard deviation indicator. It can be used to determine trend starts/ends as well as the trend strength (the broader is the gap between two bands, the stronger is the current trend).

Beginner (MT4, MT5) — this one shows up trend extremes (max and min) which can be treated as the support and resistance points and help you understand current trend channels. It is a simple indicator that uses some period to find the highest and the lowest points and mark them with the dots. It can be a good base for your own range breakout expert advisor.

BMA (MT4, MT5) — a moving average indicator version that saves the traditional MetaTrader moving average functionality but adds two bands to the standard line. These bands are placed (by default) 2% below and 2% above the main line and serve as the strong pull-back levels.

CCI Arrows (MT4, MT5) — this CCI based indicator will give you signals by drawing blue and red arrows on the chart. It simply detects the CCI cross with the zero but is quite accurate.

Easy Trend Visualizer (MT4, MT5) — visualizes the trend beginning/end, along with the range periods. It's based on the standard ADX indicator and produces quite accurate trend signals.

Fisher (MT4, MT5) — finds the maximum and minimum levels on the given period, applies custom calculations to the relation of the current price to those levels and draws a histogram of the trend. Marks uptrend with green lines and downtrend — with red lines.

Float (MT4) — this MetaTrader indicator scans the latest trends and tries to apply the data to the current rate, showing a trend start/end in a separate window. It also shows Fibonacci retracement levels on the main chart window.

Laguerre (MT4, MT5) — a separate window indicator with one line signaling short and long positions, when it crosses the upper band from above or lower band from below, respectively.

Murrey Math Line X (MT4) — another kind of pivot points given in form of lines displayed on the main chart. It uses Murrey Math rules to calculate the lines’ position. Lines are shown for the current period and represent the support and resistance levels.

Not So Squeezy (MT4) — a set of indicators for the Not So Squeezy trading strategy.

Pattern Recognition Master (MT4, MT5) — an indicator for the automatic Japanese candlestick patterns recognition. It marks each candle, which fits any pattern, with the special code that represents the appropriate candlestick pattern. The legend for the patterns and the corresponding symbols is also attached to the chart with this indicator.

Price Alert (MT4, MT5) — an indicator that can notify you of certain price changes via the MetaTrader sound alerts. Can be used in manual trading when you want to know when the price reaches certain levels.

RSIOMA (MT4) — this indicator is composed of the RSI (Relative Strength Index) of two moving averages and moving average of this RSI. The cross of them means the change of the trend — when the bold line is above it is an uptrend, when the thin one is above it is a downtrend.

Spread (MT4, MT5) — an indicator that can display current spread for the given currency pair directly in the main window of the chart. Useful when dealing with variable spreads.

Support and Resistance (MT4, MT5) — as the name suggests, this indicators shows the levels of support and resistance directly on the chart. It uses standard MT4/MT5 Fractal indicator and does quite well in depicting the good levels for the next stop-loss and target-profit prices.

Trade Assistant (MT4) — a multi-timeframe indicator that analyzes the market conditions on timeframes from M5 to D1 using the Stochastic Oscillator, RSI and CCI standard indicators. The output is the set of buy or sell signalls displayed as a table below the chart. It's very easy indicator to trade using both small and large timeframes.

Traders Dynamic Index (MT4) — indicates trend direction, market volatility and trend strength in a separate window of the MetaTrader terminal. It is handy in many trading styles — long-term and scalping. Read the commentary in the code to learn using it (very easy).

TRO MultiPair (MT4) — a multiple timeframe indicator package for multiple currency pair. It shows as a separate terminal window with 3 indicating dots for each of 4 different currency pairs for each MetaTraer time period. Dots combinations serve as the entry signals. The more timeframes show the same combination the more accurate signal is. Red, red, magenta is used to enter short; green, green, cyan is used to enter long. You can select currency pairs via the input parameters. The timeframe and the currency pair of the chart, to which you attach this indicator don’t matter.

TzPivots (MT4, MT5) — daily pivot points indicator with an accurate and informative display. Trader has to set two input parameters: LocalTimeZone — time zone of the MT4/MT5 trading server (e.g. "-5" if it's New York time) and DestTimeZone — time zone of the session for which you want to calculate pivot points (e.g. "+9" for Tokyo trading session pivots).

Var Mov Avg (MT4, MT5) — indicator is based on the calculating of moving averages of the varying periods. It detects crosses that produce buy/sell signals as well as current trend indication. This indicator has a sound alert on signals, which can be turned on and off.

ZigZagOnParabolic (MT4, MT5) — improved version of the standard MetaTrader ZigZag indicator that is based on another MetaTrader standard indicator — Parabolic SAR. Detects chart extrema.

You want to share your own custom MetaTrader indicator for this page? Or do you have any comments/questions regarding any of indicators presented here? Please, visit our forum on MetaTrader Indicators.

MetaTrader Expert Advisors

Here you can download MT4 and MT5 expert advisors which can be used with the MetaTrader Forex trading platform to enhance your currency trading results combining it with the automated trading or expert advising. Only best strategies embedded into expert advisors are presented here. You can test and change them freely before using on your real or demo Forex account. My own testing results are also included for your information. All expert advisors were selected to bring at least 10% yearly profit with maximum drawdown not higher than half of the yearly profit.

If you are having any problems with installing the MetaTrader expert advisors into your MetaTrader platform, pelase refer to this tutorial:

MetaTrader Expert Advisors User's Tutorial

If you want to achieve a better backtesting quality for your expert advisor, please read this tutorial on importing and converting quality historical data to the MetaTrader platform:

MetaTrader History Data Importing and Converting Tutorial for Quality Backtesting
Title: AUD/JPY Wednesday 15:00 My rating: 8/10
Currency Pairs: AUD/JPY Timeframes: H1
CPU Load: Almost zero Test Lots: 1.0
Best Result With: AUD/JPY @ H1
Test Period: 07/07/2008–11/09/2009
Test Profit: ~ 79% Test Max DrawDown: ~ 10%
Compatibility: MT4 and MT5
Speacial Notes: Based on Wednesday AUD/JPY strategy


Title: Framework My rating: 7/10
Currency Pairs: All Timeframes: All
CPU Load: Average Test Lots: 0.1
Best Result With: GBP/JPY @ D1
Test Period: 11/19/2006–11/19/2007
Test Profit: ~ 200% Test Max DrawDown: ~ 20%
Compatibility: Only MT4
Speacial Notes: Based on CCI indicators



Title: Adjustable MA My rating: 7/10
Currency Pairs: All Timeframes: All
CPU Load: Low Test Lots: 0.1
Best Result With: EUR/USD @ M5 (backtest)
Test Period: 04/01/2008–04/01/2009
Test Profit: ~ 19% Test Max DrawDown: ~ 10%
Compatibility: MT4 and MT5
Speacial Notes: Customizable moving average cross EA


Title: Phoenix My rating: 7/10
Currency Pairs: GBP/USD USD/JPY EUR/JPY GBP/JPY USD/CHF Timeframes: All
CPU Load: Low Test Lots: 1.0
Best Result With: GBP/USD @ M15
Test Period: 11/19/2006–11/19/2007
Test Profit: ~ 64% Test Max DrawDown: < 1%
Compatibility: Only MT4
Speacial Notes: Breakout



Title: Otkat My rating: 7/10
Currency Pairs: All Timeframes: Only H1
CPU Load: Minimal Test Lots: 1.0
Best Result With: EUR/USD @ H1
Test Period: 11/19/2006–11/19/2007
Test Profit: ~ 79% Test Max DrawDown: ~ 14%
Compatibility: MT4 and MT5
Speacial Notes: Pull-back strategy with low take-profit


Title: MACD Sample My rating: 7/10
Currency Pairs: All Timeframes: All
CPU Load: Low Test Lots: 0.3
Best Result With: GBP/USD @ H4
Test Period: 11/19/2006–11/19/2007
Test Profit: ~ 44.5% Test Max DrawDown: ~ 10.3%
Compatibility: Only MT4
Speacial Notes: Sample MACD EA optimized for GBP/USD @ H4



Title: Artificial Intelligence My rating: 6/10
Currency Pairs: All Timeframes: All
CPU Load: Average Test Lots: 0.1
Best Result With: GBP/USD @ H1
Test Period: 11/19/2006–11/19/2007
Test Profit: ~ 17% Test Max DrawDown: < 0.1%
Compatibility: Only MT4
Speacial Notes: Simple neural network


Title: myFXOverEasy My rating: 5/10
Currency Pairs: All Timeframes: All
CPU Load: High Test Lots: 0.1
Best Result With: USD/CHF @ H4
Test Period: 11/19/2006–11/19/2007
Test Profit: ~ 18% Test Max DrawDown: ~ 5%
Compatibility: Only MT4
Speacial Notes: Multiple indicators system



Title: myPickyBreakout My rating: 5/10
Currency Pairs: All Timeframes: All
CPU Load: Minimal Test Lots: 0.1
Best Result With: EUR/USD @ D1
Test Period: 11/19/2004–04/15/2009
Test Profit: ~ 28% Test Max DrawDown: ~ 8%
Compatibility: Only MT4
Speacial Notes: Simple breakout strategy for Tuesday, Wednesday and Thursday


Title: MACD Pattern My rating: 4/10
Currency Pairs: EUR/USD Timeframes: H4
CPU Load: Medium Test Lots: 0.3
Best Result With: EUR/USD @ H4
Test Period: 08/19/2007–04/15/2009
Test Profit: ~ 80.8% Test Max DrawDown: ~ 27.6%
Compatibility: Only MT4
Speacial Notes: EA based on MACD patterns for EUR/USD @ H4



Title: Binario My rating: 3/10
Currency Pairs: All Timeframes: All
CPU Load: Average Test Lots: 1.0
Best Result With: GBP/USD @ D1
Test Period: 11/19/2006–11/19/2007
Test Profit: ~ 500% Test Max DrawDown: ~ 28%
Compatibility: Only MT4
Speacial Notes: Made only 4 trade in test. Better use as manual system.


Title: myRandom My rating: 5/10
Currency Pairs: All Timeframes: All
CPU Load: Low Test Lots: 0.1
Best Result With: GBP/JPY @ H1
Test Period: 11/19/2006–11/19/2007
Test Profit: ~ 16% Test Max DrawDown: ~ 0.3%
Compatibility: Only MT4
Speacial Notes: Completely random expert advisor



Title: Amazing My rating: 5/10
Currency Pairs: All Timeframes: All
CPU Load: Low Test Lots: -
Best Result With: -
Test Period: -
Test Profit: - Test Max DrawDown: -
Compatibility: Only MT4
Speacial Notes: News trader. You give it a date and time of news and it sets breakouts. Good for Forex news traders.


If you want to share your own expert advisor for this page, or want to comment on any EA presented here, please, visit our forum on MetaTrader Expert Advisors.

Forex Tools

The presented Forex tools can assist you both in technical analysis and money management which will greatly enhance your trading results. All these online Forex tools are completely free and can be used at no cost:

MT4/MT5 Expert Advisors — Download free expert advisors for the MetaTrader 4 (and MetaTrader 5) trading platform. Test and use these EAs to empower your automated Forex trading and also to help yourself develop your own MetaTrader expert advisor or a Forex strategy. You can use them with any MT4 Forex broker.

MetaTrader Indicators — Free downloads of the MetaTrader indicators for an MT4 and MT5 trading platforms. You can use these indicators to improve your Forex trading strategy or develop your own MetaTrader expert advisors. As with the expert advisors, you can use these indicators with any MT4 Forex broker.

Pivot Points Calculator — Four online web based pivot points calculators will help you to generate pivot points for any given time period. Pivot points are used as the most important market trend points, where trend can meet support or resistance and actually change its course. Floor, Tom Demark's, Woodie's and Camarilla pivot points building rules are available with this free calculator. You don't need to download any software, just fill the form and get instant pivot point, resistance and support levels.

Pip Value Calculator — How much is one pip? How about EUR/CHF or CAD/JPY? With this free and fast online tool you can find out the value of 1 pip in USD for any lot size and any major or cross currency pair. Fill the form and get the pip value in one moment. No need to download any software!

Fibonacci Calculator — The web based Fibonacci retracement calculator will help you to generate basic Fibonacci retracement values for any given trend. These retracement values can be used as the most natural points of support and resistance for a given trend for any currency pair. On the currency trading market, the use of Fibonacci retracement levels to set orders and targets is one of the best ways to organize trader's portfolio.

Risk and Reward Forex Calculator — The on-line calculator that will help you to find out the risks and rewards associated with your possible position's targets and stop-losses based on the Fibonacci retracement levels of the current market wave.

Forex Strategies — The free Forex strategies available for all traders, including strategies based on the technical idicators, fundamental events and bare price action. All presented Forex strategies have examples and detailed descriptions.

MetaTrader VPS hosting — A special dedicated hosting for your MetaTrader (and usually any other) Forex platform and expert advisors. It's a good way to keep your strategy always active independently from your home or work PC.

Forex Broker Reviews

Here you can find the links to the reviews of all Forex brokers that are presented on this site. All broker reviews are linked from this page. The brokers are sorted according to the number of reviews it has received from the traders and visitors of EarnForex.com. Upon visiting the page with the actual reviews of the specific brokers you will be able not only to read the reviews left by other traders but also to submit your own. Please, also keep in mind that all the reviews are pretty anonymous and express only the opinion of the submitter; the presented reviews don't represent the EarnForex.com's point of view; not all of them are based on the real facts and events.
Brokers with 100 or more reviews:
FXOpen (147)
Brokers with 50 or more reviews:
GOMarkets (67)
Brokers with 10 or more reviews:
InvestTechFX (48)
Alpari (42)
InstaForex (34)
FxPro (33)
LiteForex (26)
Forex4you (22)
FXcast (21)
SwissDealing (21)
FXCM (20)
Marketiva (19)
eToro (17)
MasterForex (17)
MB Trading (17)
EXNESS (16)
Prime4x (16)
Gallant FX (15)
1pipfix (14)
2pipfixed (14)
GCI Financial (13)
Ava FX (12)
BroCo (12)
Forex Place (12)
Forex-Metal (12)
OANDA (11)
Tadawul FX (11)
Dukascopy (10)
FastBrokers (10)
Finexo (10)
Forex.com (10)
IKON GM – Royal Division (10)
ODL Securities (10)
Plus500 (10)
Brokers with more than one review:
FX|Clearing (9)
Crown Forex (8)
ForexYard (8)
FXCH (8)
Interbank FX (8)
TradeView Forex (8)
Alma Forex (7)
CMS Forex (7)
FXDD (7)
iFOREX (7)
MGFOREX (7)
MIG Bank (7)
BTrader (6)
E-Global (6)
Exto Capital (6)
Forex WebTrader (6)
ACM (5)
ActivTrades (5)
Forex Club (5)
FX Solutions (5)
GFT Forex (5)
Global Futures (5)
MRC Markets (5)
NorthFinance (5)
Questrade FX (5)
Saxo Bank (5)
X-Trade Brokers (5)
Basel Financial (4)
Fit Markets (4)
HY Markets (4)
IFC Markets (4)
AC Trading (3)
Boston Merchant Financial (3)
EFOREX (3)
EMPFX (3)
Finotec (3)
FXCM Micro (3)
iTradeFX (3)
Neuimex (3)
One Financial (3)
Real Trade (3)
RFXT (3)
UFXBank (3)
Admiral Markets (2)
Azurite Markets (2)
Easy-Forex (2)
ForexGen (2)
Fx Innova (2)
FxCompany (2)
IG Markets (2)
Latitude FX (2)
Tamley Global Markets (2)
United World Capital (2)
WH SelfInvest (2)
Windsor Brokers (2)
WSD (2)
Xforex (2)
Brokers with only one review posted about them:
Advised Trading
Arab Financial Brokers
CGTIM
DfxTrade
Forex Capital Trading
Forex Trading Edge
FX Trading
FX-PRO
FXM Financial Group
FXTSwiss
Hotspot FX
IamFX
IFX Markets
Ingot Brokers
Interactive Brokers
Invest2Forex
NordMarkets
Pip Forex
Synthesis Bank
Vantage FX
VarengoldBankFX

Forex Broker Interviews

Getting to know your Forex broker is very important if you want to trade with a large amount of money, or if you can't decide between two or more brokers. Interviews with the Forex brokers help to understand the broker's structure and its vision on the traders. If you are already trading actively with some broker, reading its answers on important questions will help you to get some insight on its future plans. Anyway, it is always interesting to know what some Forex broker thinks about what it is doing.

Interview with InstaForex (April 25, 2010) — one of the most popular MetaTrader Forex brokers asnwers some important questions regarding the company's trading conditions and the state of the retail Forex market. The questions are anwsered by Vladimir Syrov, Director for Business Development of InstaForex.

Interview with Azurite Markets (September 29, 2009) — a rather new Forex broker with multiple-market trading services shares its view on the industry, the relations between the traders and the broker and its future plans.

Interview with FxCompany (July 16, 2009) — this interview with a rather new (at that time) MetaTrader broker goes about regulation, new features in trading and the competitiveness of the Forex brokers.

Interview with FXCM (February 19, 2008) — my first interview with such a large broker, it's mainly about various issues with FXCM, including managed accounts, Refco bankruptcy and other topics.

Interview with eToro (December 26, 2007) — this interview is about eToro innovative Forex trading platform, which offers some of the most original ways to make money via Forex market combined with the intuitive interface.

Interview with FXOpen Forex Broker (October 8, 2007) — questions to FXOpen head manager generally were about their rebranding, Islamic Forex trading and some other Forex related issues.

Interview with FXcast Forex Broker (July 29, 2007) — my first interview with FXcast (at that time) rather new Forex broker, which is known for its no-spreads Swing trading platform and the variety of e-currencies accepted as a payment method.


If you want me to make an on-line interview with your Forex related company or site, or if you have an idea for my next interview please, use this form to contact me.

Liberty Reserve Forex Brokers

This list of Forex brokers includes only those on-line companies that accept Liberty Reserve as one of the available payment methods. Liberty Reserve Forex brokers provide their traders with an easy-to-use, fast and private way to deposit funds into a trading account as well as to withdraw the profit back from it. Liberty Reserve is popular among many non-U.S. Forex traders and is very secure.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Forex4you $1 + + + - - + 5.6
EXNESS $100 + + + - + + 5.7
InstaForex $1 + + + - + + 5.4
FXOpen $1 + + - - + + 5.9
LiteForex $1 + + + - - + 4.6
ForexHunt $1 + + + - + + 4.6
MasterForex $1 + + + - - + 5.5
Marketiva $1 - + - - + + 5.9
FXcast $10 + + - - + + 4.8
E-Global $20 + - + - + + 4.0
FxCompany $100 + + + - + + 5.1
IFC Markets $1 - + - - + + 5.3
Forex-Metal $1 + + + - + + 4.4
FXD24 $250 + + - - - + 3.4
1pipfix $100 + + + - - + 5.9
Forex Place $100 + - + - - + 3.7
AC Trading $5 + + + - - + 3.9
2pipfixed $100 + + + - - + 5.9
BTrader $25 + - - + - + 4.9
Finexo $100 - - - + + + 3.7
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Forex WebTrader $25 - - - + - + 3.6
Prime4x $100 + - + - - + 4.4

Moneybookers Forex Brokers

A list of Forex brokers which support Moneybookers payment system as an option for funds deposit/withdrawal. Moneybookers is a popular British electronic payment system that is acceptable world-wide. It is regulated by Financial Services Authority in United Kingdom. Brokers accepting this payment system confirm their valid bank account details and the physical location.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Forex4you $1 + + + - - + 5.6
EXNESS $100 + + + - + + 5.7
InstaForex $1 + + + - + + 5.4
LiteForex $1 + + + - - + 4.6
Ava FX $100 - + + - - + 4.7
ForexHunt $1 + + + - + + 4.6
eToro $50 - + - + + + 5.1
FXcast $10 + + - - + + 4.8
FxCompany $100 + + + - + + 5.1
EFOREX $250 + - - - - + 4.6
IG Markets $200 - - + + + + 5.5
GCI Financial $2,000 + + + + + + 5.1
FxPro $500 + - + + + + 7.0
DeltaStock $100 + - + + + - 4.0
Forex-Metal $1 + + + - + + 4.4
Exto Capital $1,000 - + + + + + 3.6
FX|Clearing $10 + - - - + + 4.0
EMPFX $300 - - + - - + 4.9
BroCo $100 + + + - + - 3.5
Wall Street Brokers $10 + - + - - + 4.5
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXM Financial Group $100 + + - - + + 5.3
UFXBank $500 - + - + - + 5.3
MRC Markets $100 + + + - + + 3.5
United World Capital $25 + - + - + + 3.7
1pipfix $100 + + + - - + 5.9
Basel Financial $50 + + - - + + 3.7
Forex Place $100 + - + - - + 3.7
AC Trading $5 + + + - - + 3.9
2pipfixed $100 + + + - - + 5.9
10Pips $100 - + + - - + 3.9
Boston Merchant Financial $100 + + + - + + 3.5
BTrader $25 + - - + - + 4.9
Finexo $100 - - - + + + 3.7
Forex WebTrader $25 - - - + - + 3.6
InvestTechFX $100 + - + - + + 5.3

Forex Trading - How Does Forex Trading Work?

ECN Forex Brokers

A list of ECN Forex brokers which provide Forex traders with a direct access to other Forex market participants — retail and institutional. This results in some advantages — no anti-scalping, no «stop-loss hunting», very low spreads; and disadvantages — ECN brokers charge commissions for Forex trading.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXOpen $1 + + - - + + 6.1
MasterForex $1 + + + - - + 6.6
FastBrokers $500 + - - - + + 4.8
Interactive Brokers $5,000 - - + + + + 6.0
MB Trading $400 + - - - + - 5.9
Hotspot FX $7,500 + - - - + - 5.1
PFG Forex $1,000 + - - - + + 5.8
Dukascopy $1,000 + - - + + - 6.1
ATC Brokers $3,500 + - - - + - 4.0
WH SelfInvest €2,500 - - + + + - 5.6
ATG $25,000 - - - - + - 4.8

Forex Brokers with CFD Trading

A list of Forex brokers which support CFD trading. CFD — a Contract for Difference — special contract which allows traders to earn money on the price (stock, commodity or other) falling or rising, without buying any stock or commodity. CFD is a great way to try stock trading and is usually supported by Metatrader 4 Forex Brokers.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Forex4you $1 + + + - - + 6.1
EXNESS $100 + + + - + + 5.6
InstaForex $1 + + + - + + 5.8
LiteForex $1 + + + - - + 5.3
Ava FX $100 - + + - - + 5.6
MasterForex $1 + + + - - + 6.6
E-Global $20 + - + - + + 5.7
FxCompany $100 + + + - + + 5.1
IncoNeon $10 + + + - - + 5.9
Interactive Brokers $5,000 - - + + + + 6.0
Saxo Bank $2,000 - - + - + - 5.7
Tadawul FX $500 + - + - + + 5.8
X-Trade Brokers $2,000 + - + - + - 3.2
Finotec $200 - - + - + + 3.8
Real Trade $20 + + + - - + 5.3
ODL Securities $2,000 + - + - + + 4.7
MF Global $10,000 - - + - + - 4.7
IG Markets $200 - - + + + + 5.5
CMC Markets $2,000 - - + - + - 3.7
Neuimex $400 + + + - + + 4.8
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
MFN $500 - - + - - + 3.6
FIBOGroup $300 + + + - - + 5.4
ActivTrades €250 + - + + + + 5.1
ABN AMRO marketindex £1 - - + + + + 5.9
GCI Financial $2,000 + + + + + + 5.6
VarengoldBankFX $1,000 + - + - + - 5.7
FxPro $500 + - + + + + 6.5
DeltaStock $100 + - + + + - 5.8
Forex-Metal $1 + + + - + + 5.7
One Financial $250 + - + + + - 4.2
Exto Capital $1,000 - + + + + + 5.1
GOMarkets $1 + - + - + + 6.3
Windsor Brokers $25 + - + - + - 5.8
WH SelfInvest €2,500 - - + + + - 5.6
Sucden £5,000 - - + - + - 5.6
FOREX UKRAINE $100 + + + - - + 5.2
Admiral Markets $10 + + + - - + 5.9
EMPFX $300 - - + - - + 5.5
Bulbrokers $50 + - + - + - 4.9
HMS Markets €10,000 - - + - + - 4.8
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXCH $2,000 + + + - - + 5.1
BroCo $100 + + + - + - 5.1
AL Trade $200 + + + - - + 4.9
TeleTRADE $2,000 + - + - - + 5.0
WSD $1,000 + - + - + - 4.9
NTWO $2,000 + - + - - + 5.5
Wall Street Brokers $10 + - + - - + 4.0
MRC Markets $100 + + + - + + 5.5
United World Capital $25 + - + - + + 4.9
Azurite Markets $100 - - + + + - 4.1
1pipfix $100 + + + - - + 6.4
Forex Systems $250 + - + - + + 5.3
Aurora Global Markets $1,500 - - + + + - 2.9
Forex Place $100 + - + - - + 4.8
IS Markets $250 + - + - + + 5.8
Global Futures $250 + - + - + + 5.8
KF-Forex $150 - + + - + + 4.7
AC Trading $5 + + + - - + 3.9
Renesource Capital $2,500 + - + - + - 3.0
Investors Europe $250 + - + + + - 5.0
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
2pipfixed $100 + + + - - + 6.4
10Pips $100 - + + - - + 5.4
Boston Merchant Financial $100 + + + - + + 3.5
InvestTechFX $100 + - + - + + 5.5
Plus500 $50 - - + - - + 6.0
Prime4x $100 + - + - - + 5.8

Institutional Forex Brokers

A list of on-line institutional Forex brokers which are backed by solid and respected off-line companies — such as banks or financial institutions. Usually such Forex brokers are highly regulated and very reliable.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
ACM $2,000 + - - + + - 5.9
CMS Forex $200 - - - - + + 6.2
Deutsche Bank FOREX $5,000 - - - - + - 6.3
Forex.com $250 + - - + + - 5.8
FXCM $2,000 + - - + + + 5.7
GFT Forex $250 - - - - + + 5.5
Interactive Brokers $5,000 - - + + + + 6.0
MB Trading $400 + - - - + - 5.9
Saxo Bank $2,000 - - + - + - 5.7
ECN broker $200 - - - - + + 5.1
Dukascopy $1,000 + - - + + - 6.1
RCG fxtrader $5,000 - - - - + - 5.4
MF Global $10,000 - - + - + - 4.7
IG Markets $200 - - + + + + 5.5
ABN AMRO marketindex £1 - - + + + + 5.9
VarengoldBankFX $1,000 + - + - + - 5.7
FXCM Micro $25 - - - - + + 6.1
CitiFX Pro $10,000 + - - + + - 5.6




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Forex Brokers with Advanced Trading Platform

A list of Forex brokers which provide free advanced Forex trading platform. This unique trading software usually can be downloaded from broker's site and used solely with this broker. Such advanced platforms often provide Forex traders with powerful features which can greatly improve trading results.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Deutsche Bank FOREX $5,000 - - - - + - 6.3
FX Solutions $250 + - - - + - 5.2
FXCM $2,000 + - - + + + 5.7
GFT Forex $250 - - - - + + 5.5
Interactive Brokers $5,000 - - + + + + 6.0
Realtime Forex $3,000 - - - - + + 3.9
Saxo Bank $2,000 - - + - + - 5.7
Forex.CH $2,000 + - - - + - 5.1
Hotspot FX $7,500 + - - - + - 5.1
PFG Forex $1,000 + - - - + + 5.8
Dukascopy $1,000 + - - + + - 6.1
Forex Club $10 - - - + + + 5.8
MGFOREX $500 - - - + + + 5.8
CMC Markets $2,000 - - + - + - 3.7
IFC Markets $1 - + - - + + 6.0
ActivTrades €250 + - + + + + 5.1
ABN AMRO marketindex £1 - - + + + + 5.9
FXCM Micro $25 - - - - + + 6.1
ATC Brokers $3,500 + - - - + - 4.0
ATG $25,000 - - - - + - 4.8
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Advanced Markets $2,500 - - - - + - 4.0
Azurite Markets $100 - - + + + - 4.1
CitiFX Pro $10,000 + - - + + - 5.6
Global Futures $250 + - + - + + 5.8
Renesource Capital $2,500 + - + - + - 3.0
Investors Europe $250 + - + + + - 5.0
Boston Merchant Financial $100 + + + - + + 3.5




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Forex Brokers with Web Based Platform

A list of on-line Forex brokers which fully support Forex trading purely in the Internet browser window, without installing any trading software. This allows trading from almost any place that has a computer and doesn't require any additional software installation. Browser based Forex brokers usually offer Java and Flash trading platforms that run in the browser smoothly and securely.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
eToro $50 - + - + + + 5.7
Easy-Forex $200 - - - + + + 6.2
ACM $2,000 + - - + + - 5.9
Forex.com $250 + - - + + - 5.8
FXCM $2,000 + - - + + + 5.7
Interactive Brokers $5,000 - - + + + + 6.0
OANDA $1 - - - + + + 6.1
Dukascopy $1,000 + - - + + - 6.1
Forex Club $10 - - - + + + 5.8
Questrade FX $250 - - - + + - 3.4
MGFOREX $500 - - - + + + 5.8
IG Markets $200 - - + + + + 5.5
iFOREX $100 - - - + - + 5.9
ActivTrades €250 + - + + + + 5.1
ABN AMRO marketindex £1 - - + + + + 5.9
GCI Financial $2,000 + + + + + + 5.6
Forex Trading Edge $1,000 + - - + + + 4.2
FxPro $500 + - + + + + 6.5
DeltaStock $100 + - + + + - 5.8
One Financial $250 + - + + + - 4.2
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Exto Capital $1,000 - + + + + + 5.1
NobleTrading $250 - - - + + + 4.0
Latitude FX $1,000 + - - + + + 3.1
ForexYard $100 - - - + - + 5.5
HY Markets $50 - - - + + + 3.6
WH SelfInvest €2,500 - - + + + - 5.6
StartForex $100 + - - + - + 5.7
UFXBank $500 - + - + - + 5.1
FXGreece $2,000 - - - + - - 1.8
Azurite Markets $100 - - + + + - 4.1
Aurora Global Markets $1,500 - - + + + - 2.9
CitiFX Pro $10,000 + - - + + - 5.6
Forex Capital Trading $100 - - - + + + 3.7
FXG Bank $100 + - - + - - 5.8
Investors Europe $250 + - + + + - 5.0
BTrader $25 + - - + - + 5.9
Finexo $100 - - - + + + 4.8
Forex WebTrader $25 - - - + - + 5.2
Xforex $100 - - - + - + 5.3




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