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Best Forex Micro Accounts

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

March 20, 2023

At first glance, a micro account seems pretty straightforward. It’s a special type of forex account that allows you to trade with smaller chunks of capital. But, why would you want to trade with less capital? And does this mean that micro accounts carry less risk? In truth, micro accounts are slightly more complicated than they seem.

We wanted to make this all as clear-cut as possible, so the team at BrokerNotes created this guide to shine a light on the finer points of trading with micro accounts. In this guide, we make clear the distinctions between the various forex account options, we explain the advantages and disadvantages that come with micro accounts, and we help you determine if using a micro account is the right choice for you.

We also conducted our own painstaking research to determine the best forex brokers for traders looking to use micro accounts.

What are micro accounts?

Micro accounts are forex trading accounts that allow users to trade with a contract size of just 1,000 units of currency.

In the last few decades, the global forex market has seen incredible growth – over $6.59 trillion is now traded on the global forex market every single day, according to the latest Triennial Central Bank survey from BIS.

As an influx of new traders enters the forex market each year, the demand for micro accounts has risen, and forex brokers have worked to meet that demand, turning micro accounts into a staple of the forex trading business – especially for beginners and traders on a tight budget.

Now that traders can trade on the forex market with a contract size of just 1,000 units of currency, the door has been opened for beginner traders to experience trading forex, and for seasoned traders to experiment with new strategies or try out different forex brokers – all without risking huge amounts of capital.

That said, micro accounts aren’t just for beginners who want to place small trades; these contracts can also allow for greater precision on larger positions.

Trade size precision: A trader wanting to place a trade for 263,000 units in a standard account could only choose 200,000 or 300,000, while a mini account would be constrained to 260,000 or 270,000, whereas the micro contract would be able to trade exactly 263,000.

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.

What are the best forex brokers for micro accounts?

Below, our team at BrokerNotes has compiled a list of the best brokers for trading with micro accounts:

  • IG
    - 9.9/10 Overall
  • Saxo Bank - 9.7/10 Overall
  • CMC Markets - 9.6/10 Overall
  • TD Ameritrade - 9.5/10 Overall
  • FOREX.com
    - 9.3/10 Overall
  • City Index - 9.2/10 Overall
  • XTB - 9/10 Overall
  • eToro - 8.8/10 Overall
  • Swissquote - 8.7/10 Overall

Overall Rating

9.9 / 10

Minimum Deposit

ÂŁ250.00

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
All-in Cost EUR/USD - Active0.5957
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

9.7 / 10

Minimum 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
All-in Cost EUR/USD - Active0.7
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

9.6 / 10

Minimum 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
All-in Cost EUR/USD - Active0.51
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

9.5 / 10

Minimum 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 - Standard1.25
All-in Cost EUR/USD - Active1.25
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)No
Regulationexpand_moreexpand_less
Year Founded1955
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses4
Tier-2 Licenses0
Investment Optionsexpand_moreexpand_less
Forex TradingYes
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)0
Forex Pairs (Total)73
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)360
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

9.3 / 10

Minimum 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
All-in Cost EUR/USD - Active1.0
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

9.2 / 10

Minimum Deposit

ÂŁ100.00

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
All-in Cost EUR/USD - Active1.0
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

9 / 10

Minimum 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
All-in Cost EUR/USD - Active1.04
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)57
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

8.8 / 10

Minimum 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
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

8.7 / 10

Minimum 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

Pros & cons of micro accounts

Pros:

  • Learn the ropes, without breaking the bank. A demo account can’t always capture the “feel” of real trading. With a micro account, beginner traders can get the feel of real forex trading without risking huge amounts of investment capital.
  • Precision matters. You don’t always want to add another 100,000 units to your position. Sometimes smaller denominations allow you to get to just the right amount, and micro accounts let you trade in increments of 1,000 units.

Cons:

  • You won’t be raking it in. You’ll likely be trading with significantly smaller amounts of investment capital (unless you are building larger trades in increments – or, lots – of 1,000 units). With small trade sizes, less will be at risk, but you won’t be seeing any huge gains, either. Spreads also tend to be higher on micro accounts.

What is the difference between a micro account and a mini account?

The only difference between a micro account and a mini account is the contract size. While the contract size for a micro account is 1,000 units of currency, the contract size for a mini account is 10,000 units of currency. It’s worth noting that each account type comes with its own set of tradeoffs and unique trading conditions. For instance, you may get offered lower spreads and higher leverage with a larger account type.

Some account types will even let you choose from among all three contract sizes. When using a MetaTrader account, for example, traders can choose from 0.01 of a standard lot (which is the equivalent of a micro contract), 0.10 of a standard lot mini contract, and of course the full 1.00 standard lot size.

What is the difference between a micro account and a standard account?

Like with micro and mini accounts, the only difference between micro accounts and standard accounts is the contract size. With a micro account, the contract size is 1,000 units of currency, whereas the standard contract size jumps up to 100,000 units of currency. It’s worth noting that most micro accounts do not have a minimum deposit requirement, whereas standard accounts (usually) require a higher minimum deposit.

Who are micro accounts good for?

Micro accounts are good for beginner traders, as it lets them trade with a relatively small amount of investment capital, hence enabling them to better manage their risk and limit potential trading losses. In addition, some trading strategies may require more precise trade sizes where a micro contract can be more effective than other contract sizes.

What are the advantages of a micro account?

The key advantage of a micro account is the fact that it enables beginner traders to establish smaller trade sizes in order to limit their potential trading losses, while still gaining exposure to the market and to real-life trading experiences. Micro accounts provide an ideal way for a new trader to practice trading in the markets, without risking large amounts of capital.

What are the disadvantages of a micro account?

The main disadvantage of a micro account is the fact it limits your profit potential, as you will be trading with a relatively small amount of investment capital. It’s also worth noting that spreads on a micro account are typically higher than what you’d find with a standard account.

Micro account vs. demo account for testing?

Demo accounts allow traders to place trades using virtual (fake) money. This allows traders to gain experience without risking any real money. However, because demo account users are trading with virtual money, they won’t experience the emotional highs and lows that come along with profiting from a trade – or losing money. With a micro account, a beginner trader can feel how it is to trade in real life, with real money, and real risks – without putting significant capital in danger.

Is a micro account right for you?

The suitability of a micro account will depend on your personal trading objectives. If you are aiming to gain more trading experience while risking minimal investment capital, then the micro account might be a good fit for you. However, if you are seeking lower trading costs and greater potential for large profits, then a micro account probably isn’t your best option.

How much does a micro lot cost in forex?

A micro lot is 1,000 units of currency, and the actual cost for a micro-lot trade will depend on the currency pair you are trading, as well on the spread and any per-trade commissions you’ll be paying when opening the trade.

Let’s look at an example of how this works. A micro lot for the EUR/USD pair would be 1,000 units of euros. A one-pip move on the price of the EUR/USD would come to roughly 10 cents. You’d then need to factor in any per-trade commissions charged by your broker.

What is a micro MT4 account?

A micro account offers you the ability to trade 1,000 units at a time, also known as a micro lot. The MetaTrader 4 (MT4) platform allows for a wide range of flexibility with account and lot size. MetaTrader enables traders to go as big as one full standard lot (100,000 units) or as small as 0.01 standard lot (one micro lot).

Which forex broker offers the NAS100 Micro?

Nearly every forex broker offers CFD trading, with the ability to trade CFDs that track major indices like the NASDAQ 100 (though CFDs are not available to residents of the U.S.).

The NASDAQ 100 futures index is also referred to as the NAS100 or USTech 100, though the naming conventions may vary across brokers.

A micro lot will be 1,000 units of the index, which is priced in dollars (index price x contract size x leverage multiplier = trade value).

BrokerNotes.co 2023 Overall Rankings

To recap, here are our top forex brokers for 2023, sorted by Overall ranking.

Company Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Trust Score Tradeable Symbols (Total) Read Review Visit Site
IG logoIG 9.9 ÂŁ250.00 0.86 99 19537 IG Review Visit Site
Saxo Bank logoSaxo Bank 9.7 €2,000 0.9 99 60000 Saxo Bank Review
Interactive Brokers logoInteractive Brokers 9.7 $0 0.6 99 8500 Interactive Brokers Review
CMC Markets logoCMC Markets 9.6 $0 0.51 99 12377 CMC Markets Review
TD Ameritrade logoTD Ameritrade 9.5 $0 1.25 99 0 TD Ameritrade Review
FOREX.com logoFOREX.com 9.3 $100 1.0 99 5500 FOREX.com Review Visit Site
City Index logoCity Index 9.2 ÂŁ100.00 1.0 99 13500 City Index Review
XTB logoXTB 9 $0 1.07 95 12000 XTB Group Review
eToro logoeToro 8.8 $10-$10,000 1 93 3458 eToro Review
Swissquote logoSwissquote 8.7 $1000 N/A 99 466 Swissquote Review
AvaTrade logoAvaTrade 8.6 $100 0.92 93 1260 AvaTrade Review
FXCM logoFXCM 8.5 Starts from $50 1.38 96 440 FXCM Review
Plus500 logoPlus500 8.5 €100 0.8 98 2800 Plus500 Review
Capital.com logoCapital.com 8.4 $20 0.6 84 6000 Capital.com Review
XM Group logoXM Group 8.4 $5 1.6 90 1372 XM Group Review
Pepperstone logoPepperstone 8.4 $200 0.77 93 2342 Pepperstone Review
OANDA logoOANDA 8.4 $0 1.26 92 124 OANDA Review
Admiral Markets logoAdmiral Markets 8.3 $100 0.8 87 8425 Admiral Markets Review
FP Markets logoFP Markets 8.3 $100 AUD 1.2 86 10000 FP Markets Review
IC Markets logoIC Markets 8.2 $200 0.62 86 3583 IC Markets Review
Markets.com logoMarkets.com 8.2 $100 1.9 98 2179 Markets.com Review
FxPro logoFxPro 8.1 $100 1.51 90 2249 FxPro Review
Fineco Bank logoFineco Bank 7.9 $0 N/A 92 126 Fineco Bank Review
Tickmill logoTickmill 7.9 $100 0.51 82 295 Tickmill Review
BlackBull Markets logoBlackBull Markets 7.9 $0 0.827 74 26000 BlackBull Markets Review
DooPrime logoDooPrime 7.8 $100 N/A 84 10000 DooPrime Review
BDSwiss logoBDSwiss 7.8 $100-$5000 1.6 84 1081 BDSwiss Review
TMGM logoTMGM 7.8 $100 0.96 79 12000 TMGM Review
HFM logoHFM 7.7 $5 1.2 85 3500 HFM Review
FlowBank logoFlowBank 7.7 $0.00 N/A 77 408600 FlowBank Review
HYCM (Henyep) logoHYCM (Henyep) 7.7 $100 0.6 86 362 HYCM Review
Vantage logoVantage 7.7 $50 1.22 83 1000 Vantage Review
Trading 212 logoTrading 212 7.6 EUR 10 N/A 77 1785 Trading 212 Review
Eightcap logoEightcap 7.6 $100 1.0 87 736 Eightcap Review
Trade Nation logoTrade Nation 7.5 $0 0.6 83 601 Trade Nation Review
Moneta Markets logoMoneta Markets 7.5 $50 1.27 71 965 Moneta Markets Review
ThinkMarkets logoThinkMarkets 7.4 $250.00 N/A 86 1674 ThinkMarkets Review
VT Markets logoVT Markets 7.4 $200 1.2 71 168 VT Markets Review
ACY Securities logoACY Securities 7.4 $50 1.2 77 1600 ACY Securities Review
easyMarkets logoeasyMarkets 7.3 $100 0.9 84 199 a href="/reviews/easymarkets">easyMarkets Review
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 7.3 $100 1.4 69 12000 Roboforex (RoboMarkets) Review
IronFX logoIronFX 7.2 $50 1.2 84 340 IronFX Review
Exness logoExness 7.2 $1 0.9 74 112 Exness Review
Spreadex logoSpreadex 7.2 $0 N/A 70 2000 Spreadex Review
Trade360 logoTrade360 7.1 $250 N/A 77 1062 Trade360 Review
AxiTrader logoAxiTrader 7.1 0 N/A 83 175 Axitrader Review Visit Site
GKFX logoGKFX 7.1 $0 N/A 66 354 GKFX Review
Vestle logoVestle 7.1 -1 N/A 79 750 Vestle Review
OctaFX logoOctaFX 7 $25 0.9 67 229 OctaFX Review
FXOpen logoFXOpen 7 $100 N/A 80 87 FXOpen Review
TeleTrade logoTeleTrade 7 $100 N/A 67 500 Teletrade Review
FXPrimus logoFXPrimus 6.9 $100 N/A 69 140 FXPrimus Review Visit Site
Forex4you logoForex4you 6.9 $0 N/A 62 150 Forex4you Review
LegacyFX logoLegacyFX 6.9 $500 N/A 67 425 LegacyFX Review
GBE brokers logoGBE brokers 6.8 $500 N/A 69 500 GBE Brokers Review
Alpari logoAlpari 6.8 $20 N/A 67 105 Alpari Review
TopFX logoTopFX 6.7 Depends on payment method N/A 67 655 TopFX Review
Libertex (Forex Club) logoLibertex (Forex Club) 6.7 $10 N/A 72 300 Libertex Review
ATFX logoATFX 6.6 $500 N/A 74 150 ATFX Review
UFX logoUFX 6.6 $100 3 62 619 UFX Review
Xtrade logoXtrade 6.5 $250 N/A 80 142 Xtrade Review
Tradeo logoTradeo 6.4 $200 N/A 67 256 Tradeo Review
View More

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Forex Risk Disclaimer

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 Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).


John Bringans
John Bringans

John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.


Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.


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