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Best Forex Brokers Trading Silver

Marcus Taylor

Written by Marcus Taylor

September 08, 2022

How is Silver Traded

Next to gold, silver is one of the most commonly traded metals. Silver is traded in many forms, which for the sake of classification can be broadly grouped into actual physical silver and representatives (derivatives like CFDs). It is one of the most popular traded metals on the Comex future exchange.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

In non-physical forms, silver can be traded as:

  • an exchange-traded commodity futures contract
  • an over-the-counter (off-exchange) spot contract (e.g., a CFD)
  • an exchange-traded product such as a listed certificate or ETF.
BN-Silver-1.png

Best Forex Brokers for Trading Silver

Here are the best forex brokers for trading silver.

  • IG
    - 9.7 Stars -
  • Saxo Bank - 9.5 Stars -
  • CMC Markets - 9.4 Stars -
  • Interactive Brokers - 9.2 Stars -
  • FOREX.com
    - 8.7 Stars -
  • XTB - 8.7 Stars -
  • City Index - 8.7 Stars -
  • eToro - 8.6 Stars -
  • Swissquote - 8.5 Stars -
Overall Rating
9.7 / 10
Minimum Initial Deposit
£250.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.86 (September 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1974
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses7
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)19537
Forex Pairs (Total)100
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)33
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9.5 / 10
Minimum Initial Deposit
€2,000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.9 (September 2022)
All-in Cost EUR/USD - Active0.7 (September 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1992
Publicly Traded (Listed)No
BankYes
Tier-1 Licenses6
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)60000
Forex Pairs (Total)190
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)62
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9.4 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.51 (August 2022)
All-in Cost EUR/USD - Active0.51 (August 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1989
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses5
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12377
Forex Pairs (Total)158
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)84
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9.2 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6 (Aug 2022)
All-in Cost EUR/USD - Active0.6 (Aug 2022)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)No
Regulationexpand_moreexpand_less
Year Founded1977
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses8
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)8500
Forex Pairs (Total)90
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)128
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)5500
Forex Pairs (Total)91
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)203
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.07 (Q3 2022)
All-in Cost EUR/USD - Active1.04 (Q3 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2002
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12000
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)39
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
£100.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1983
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses3
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)13500
Forex Pairs (Total)84
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)88
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.6 / 10
Minimum Initial Deposit
$10-$10,000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1 (August 2021)
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3458
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)66
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes


Overall Rating
8.5 / 10
Minimum Initial Deposit
$1000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - StandardN/A
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1996
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses4
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)466
Forex Pairs (Total)78
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)49
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Derivatives and CFDs

Trading Silver as a CFD is offered by many CFD brokers like London Capital Group. Trading Silver Futures and Spot Silver as a CFD has opened up the door for more traders because it requires less capital than trading a traditional Future. For example, a simple example of trading a Silver Future vs a Silver CFD:

Minimum Trade Silver Future:

  • Last Spot price of Silver for 1st February 2017 was $17.585
  • Contract size for Mini-Silver Future = 1,000 troy ounces
  • Therefore a minimum trade for a single futures contract for Silver would be 1000*$17.585 = $17,585.

*The maintenance margin required by ICE for a Mini Silver contract is $1,250.

Minimum Trade Silver Future as a CFD: Using the trading conditions offered by London Capital Group, a minimum margin for Silver of 1% and a minimum trade size of 0.1 lot (contract size). The cost of a trade of Silver Future using London Capital Group in this example would be $17.86 (100*17.585/100=$17.585).

Trading conditions for silver futures with London Capital Group

To see more trading details about the 5,000+ instruments on offer, see: London Capital Group

*All information collected from https://www.lcg.com/uk/, see website for full terms and conditions. Your capital is at risk. Last updated on February 6, 2017.

Bars

These are widely considered the most efficient method of trading silver due to the fact that they are valued exclusively for the silver content rather than any ornamentation or value as currency.

Exchange-Traded Products

These help investors trade silver without the need of holding silver in physical form.

Examples include iShares Silver Trust, which has over 340 million troy ounces of silver in storage, ETFS Physical Silver, ETFS Silver Trust and Sprott Physical Silver Trust.

Certificates

This serves a similar function to ETFs in the sense that they allow silver to be held and traded without use of the physical forms instead transactions are made using silver certificates of ownership.

Silver in physical form can be traded in:

Silver bars can come in various shapes and sizes and bars from more reputable brands may command a slightly higher price than lesser-known ones while damaged silver bars will also go for less than bars in mint condition.

The bullion bar is the most common form of silver bar.

It is a rectangular or triangular bar of .995+ purity silver, and it comes in sizes of 1 oz, 5 oz, 10 oz, 1 kilo and 100 oz.

Coins

Silver coins have the advantage of bars in that they are more difficult to forge, mostly because of their use as currency, and their ease of liquidation.

Some examples of silver coins include the one ounce 99.93 percent pure American Silver Eagle, and the one-ounce 99.99 percent pure Canadian Silver Maple Leaf.

Silver Futures vs Spot Silver

BN-Silver-2.png

What Influences The Silver Market

The largest factor influencing silver demand is industrial use. According to the Silver Institute, industrial fabrication accounts for 60% of total physical demand.

As industrial silver applications increase, demand for silver naturally also tends to go up.

For example, use of silver in photovoltaics for sola energy is set to surpass its previous peak of 75.8 million ounces due to the growth of global solar panel installations.

Use of silver by Ethylene Oxide producers, used in the production of plastics and detergents was also projected to increase to 10 million ounces in 2016, which was an over 25 percent increase from 2015.

Supply of silver globally was projected to fall by up to 5 percent as a result of the relatively lower price environment providing primary producers with little incentive to expand production capacity in existing mines and the drop off in production from more mature existing mines.

What is silver?

Ag or Silver as it is more commonly known is a lustrous, white transition metal. Silver is a metal that is valued by industries for its properties, among which include the highest electrical and thermal conductivity of any known metal, and as a precious metal due to its lustre, relative scarcity and use as a store of value.

Historical timeline of Silver

  1. Silver was noted to have first been mined around 3000 B.C. in Anatolia (now Turkey).
  2. Greece’s Laurium mines became the centre of silver production around 1200 B.C.
  3. In 150 A.D., Spain became the leading producer of silver and the invasion by the Moors served to spread silver mining among a wider range of countries.
  4. The single most important time in the history of silver mining occurred during the discovery of the New World by the Spanish in 1492 leading to a dramatic increase in silver mining.
  5. Bolivia, Mexico and Peru accounted for close to 85 percent of total silver production between 1500 and 1800.
  6. Silver production grew worldwide, from 40 to 80 million troy ounces every year by the 1870s.
  7. From 1876 to 1920, advancements in technology and exploitation of new regions led production to quadruple to a total of about 120 million troy ounces annually.

Modern day statistics for Silver

Currently, the largest produces of silver include:

  1. KGHM Polska Miedź S.A. based in Poland with 41 million ounces produced annually.
  2. BHP Billiton Plc in Australia with 39.0 million ounces produced annually.
  3. Fresnillo Plc in Mexico, responsible for 36.9 million ounces annually.
  4. Goldcorp Inc. in Canada with 30.5 million ounces produced annually
  5. Polymetal International Plc based in Russia which is responsible for 26.5 million ounces produced annually.
  6. Pan American Silver Corporation in Canada which produces 25.1 million ounces annually.
  7. Volcan Compania Minera S.A.A. in Peru which produces 22.0 million ounces annually.
  8. Compania de Minas Buenaventura S.A.A. in Peru which produces about 18.3 million ounces annually.
  9. Coeur d’Alene Mines Corporation based in the United States and Mexico producing 18.0 million ounces annually.
  10. Southern Copper Corporation based in the United States of America, Mexico and Peru which produces close to 13.6 million ounces annually.

As a result, the silver market deficit is expected to widen in 2016, driven primarily by a contraction in supply.

Commodities related to silver include:

  • Platinum
  • Gold
  • Aluminium
  • Tin
  • Copper

Popular Silver Exchanges

  • Eurex Exchange – One of the world’s leading derivatives exchanges. It offers a wide range of international benchmark products. It has trading volume exceeding 1.5 billion contracts a year and includes participants from 700 locations worldwide.
  • Commodity Exchange Inc (COMEX) – It is a division of the New York Merchantile Index, where metals like gold, silver and copper and the FTSE 100 index options are traded.
  • Tokyo Commodity Exchange (TOCOM) – One of Asia’s largest commodities futures exchanges. It was established in 1984, became a for-profit shareholder-owned company in 2008 and launched the current trading platform in 2009.

Summary

Silver is one of the most popular traded precious metals. Trading Silver as a CFD will allow a retail trader to trade silver with a smaller account requirement than a regular future contract.

BrokerNotes.co 2022 Overall Rankings

To recap, here are our top forex brokers allowing you to trade metals such as silver, sorted by Overall ranking.

Company Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
IG logoIG 9.7 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
Saxo Bank logoSaxo Bank 9.5 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
CMC Markets logoCMC Markets 9.4 $0 0.51 (August 2022) 99 Highly Trusted 12377
Interactive Brokers logoInteractive Brokers 9.2 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
TD Ameritrade logoTD Ameritrade 8.9 $0 1.25 pips (September 2022) 99 Highly Trusted 0
FOREX.com logoFOREX.com 8.7 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
XTB logoXTB 8.7 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
City Index logoCity Index 8.7 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
eToro logoeToro 8.6 $10-$10,000 1 (August 2021) 93 Highly Trusted 3458
Swissquote logoSwissquote 8.5 $1000 N/A 99 Highly Trusted 466
AvaTrade logoAvaTrade 8.2 $100 0.91 (Aug 2020) 93 Highly Trusted 1260
Plus500 logoPlus500 8.2 €100 0.6 (as of Aug 2018) 98 Highly Trusted 2800
FXCM logoFXCM 8.3 Starts from $50 1.38 (Q2 2022) 96 Highly Trusted 441
Admiral Markets logoAdmiral Markets 8.1 $100 0.8 (July 2021) 87 Trusted 8425
FP Markets logoFP Markets 8.3 $100 AUD 1.2 (August 2022) 86 Trusted 9956
IC Markets logoIC Markets 8 $200 0.62 (August 2021) 86 Trusted 3583
OANDA logoOANDA 8 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
Capital.com logoCapital.com 8.1 $20 0.6 (July 2021) 77 Average Risk 6000
Markets.com logoMarkets.com 8.1 $100 1.9 (as of Oct 2019) 98 98 2179
XM Group logoXM Group 8 $5 1.6 (Aug 2020) 90 Trusted 1372
Pepperstone logoPepperstone 8 $200 0.77 (September 2022) 93 Highly Trusted 1200
FxPro logoFxPro 8 $100 1.51 (August 2020) 90 Highly Trusted 2249
Tickmill logoTickmill 7.8 $100 0.51 (August 2022) 82 Trusted 295
HYCM (Henyep) logoHYCM (Henyep) 7.7 $100 0.6 (Sept 2021) 86 Trusted 245
DooPrime logoDooPrime 7.7 $100 -1 84 Average Risk 10000
Fineco Bank logoFineco Bank 7.7 $0 N/A 92 Highly Trusted 126
HFM logoHFM 7.6 $5 1.2 (August 2021) 85 Trusted 3500
BDSwiss logoBDSwiss 7.6 $100-$5000 (depending on account type) 1.6 (08/10/22) 83 Trusted 1081
Vantage logoVantage 7.4 $50 1.22 (August 2021) 83 Trusted 257
Trading 212 logoTrading 212 7.4 EUR 10 N/A 77 Average Risk 1785
Moneta Markets logoMoneta Markets 7.3 $50 1.27 (September 2022) 71 Trusted 965
Trade Nation logoTrade Nation 7.1 $0 0.6 83 Trusted 601
ACY Securities logoACY Securities 7.2 $50 1.2 (Sept 2021) 75 Average Risk 1600
Eightcap logoEightcap 7.2 $100 N/A 87 Trusted 326
ThinkMarkets logoThinkMarkets 7.3 $250.00 N/A 86 Trusted 1674
BlackBull Markets logoBlackBull Markets 7 $0 0.827 (August 2022) 74 Average Risk 26000
VT Markets logoVT Markets 7.2 $200 1.2 (September 2021) 71 Trusted 168
easyMarkets logoeasyMarkets 7.3 $100 0.9 (as of Mar 2020) 84 Trusted 199
TMGM logoTMGM 7 $100 0.96 (July 2021) 79 Average Risk 12000
Exness logoExness 7.2 $1 0.9 (as of May 19) 74 Average Risk 112
Spreadex logoSpreadex 7.2 $0 -1 70 Average Risk 2000
IronFX logoIronFX 7.1 $50 1.2 84 Trusted 340
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 7.1 $100 1.4 (Jan 2022) 69 High Risk 12000
Trade360 logoTrade360 7 $250 N/A 75 Average Risk 1062
AxiTrader logoAxiTrader 7 0 N/A 83 Trusted 175 Visit Site
GKFX logoGKFX 7 $0 N/A 66 High Risk 354
Vestle logoVestle 7 -1 -1 79 Average Risk 750
TeleTrade logoTeleTrade 7 $100 -1 67 High Risk 500
FXOpen logoFXOpen 7 $100 N/A 80 Trusted 87
OctaFX logoOctaFX 6.8 $25 0.6 (August 2021) 67 High Risk 80
Forex4you logoForex4you 6.9 $0 -1 62 High Risk 150
LegacyFX logoLegacyFX 6.8 $500 0 75 Average Risk 425
FXPrimus logoFXPrimus 6.8 $100 N/A 69 High Risk 140 Visit Site
Alpari logoAlpari 6.8 $20 N/A 67 High Risk 105
GBE brokers logoGBE brokers 6.7 $500 -1 69 High Risk 500
TopFX logoTopFX 6.5 Depends on payment method N/A 67 High Risk 655
ATFX logoATFX 6.6 $500 -1 70 Average Risk 150
UFX logoUFX 6.5 $100 3 (Jan 2021) 67 High Risk 619
Libertex (Forex Club) logoLibertex (Forex Club) 6.5 $10 -1 72 High Risk 300
Xtrade logoXtrade 6.5 $250 -1 80 Trusted 142
Tradeo logoTradeo 6.4 $200 -1 67 High Risk 256
View More

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There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Author

Marcus Taylor
Marcus Taylor

BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.


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