| Our Ranking |
Product |
Min. Deposit |
Our Rating |
Review |
1 |
Easy-Forex |
$100 |
9.7 |
|
2 |
Forex Yard |
$100 |
8.5 |
|
3 |
Pip Forex |
$200 |
8.0 |
|
So, you have decided you want to give this Forex trading a try? The question is where to start? Which platform is going to give you the best chance at making that fortune that will allow you to live the life of your dreams?
Well luckily for you we have taken the hard work out of choosing the right broker. As we have tried virtually every broker out there, we know who is up to scratch and who isn't, and unfortunately most brokers do not match up to their promises.
The large majority of platforms only offer you downloadable software, this means you are restricted to only trading from the computer where you have the software installed and because successful Forex trading can require access when you are away from home this makes them very weak.
However, do not fear! We have found a trader who can offer you access from any computer with internet access, read on to find out more.
Our Best Forex Broker Award:
|
|
     |
 |
Earning Potential |
10 |
Customer Support |
10 |
Ease of Use |
10 |
Reliability |
10 |
Features |
9 |
Rates |
9 |
Easy-Forex is the broker that receives our exclusive 'Best Broker Award'. They offer fantastic customer support and some really excellent features, plus they have a minimum deposit of just $100 making it ideal for those with a low trading budget, some of the many features they offer include:
- Personal Account Management
- Exclusive 1 on 1 Training
- No Downloads
- Low Minimum Deposit
- Credit and Debit Cards Accepted
- Rate Freezing
- Accepts US & UK Traders
When I tested this platform I was quite surprised, firstly they offer an extremely low $100 minimum deposit where many other platforms will ask for at least ten times this. This means that even if you have a low starting budget you can still start trading and making decent profit.
Additionally you can deposit with a credit or debit card, unlike some traders who need a bank transfer to deposit funds, Easy-Forex™ allow you to start trading immediately which can be vital when you spot a last minute trade you want to make but have your funds tied up elsewhere.
Ok, lets look at some of the more technical features of the platform. Firstly the presentation of the site is excellent and extremely easy to use. Secondly they have a very handy Forex tools section where you can find a daily outlook, charts, current rates everything you need whilst trading.
Testimonial
"Hello, Thanks for your reviews, I signed up to Easy-Forex as I only have a low amount of funds available for trading. Easy-forex is awesome I never thought I would be able to trade with so little money but I'm having a great time even with small amounts. I'm so glad I found the site."
Peter, Manchester
|
Additionally they offer you a managed Forex account with their dedicated portfolio managers, having used these services myself I can thoroughly recommend them, they actually seem to really care about getting you started and helping you make those big trades!
On top of all these benefits, Easy-Forex™ offers you; guaranteed rates and stop-loss, no hidden costs, live real-time streaming quotes, competitive spreads, plus much much more! This makes your earning potential not only massive but also easier to achieve!
Their weaknesses, lie in the fact that they do not currently support any browsers other than Internet Explorer (IE), but this shouldn't put you off as most computers come with IE installed and if not, you can download it for free.
However, Easy-Forex is by far the best broker around and we strongly urge all traders, no matter what your current level of knowledge, to give them a try. With only a $100 deposit you can take the platform for a test drive and see for youself what makes it so special!
Update: Easy-Forex now accepts US and UK traders and as also added the following currencies to their trading arena; Czech Koruna (CZK), Hong Kong Dollar (HKD), Mexican Peso (MXN), Swedish Krona (SEK), Turkish Lira (TRY), and South African Ran (ZAR)
Click Here to visit Easy-Forex™ and start trading today.
Alternative Forex Broker Option :
|
|
    |
 |
Earning Potential |
7 |
Customer Support |
9 |
Ease of Use |
9 |
Reliability |
8 |
Features |
9 |
Rates |
8 |
Our rating for the 2nd best broker goes to Forex Yard as it is one of the most professionally presented platforms available anywhere.
Offering mini-accounts with just a $100 deposit, a free practice account and a top class Pro Account Forex Yard have set themselves as one of the leading Forex platforms on the net. One of the things we really like about Forex Yard is the fact they not only accept credit card deposits but also allow you to pay via PayPal for ultimate convenience.
Here is a summary of what you can expect:
- Instant Deposit with Credit Card or PayPal
- Start trading with just $100
- Typical Leverage of 200:1 and low fixed spreads
- Fixed Spreads in All Markets, All the Time
- Continuous Quoting, with No Price Freezes
- Executable Quotes - Click on Any Bid or Offer
- No Slippage on Market, Limit, and Stop Orders
- Negative Balance Protection
- 24/7 Customer Support
- No Software Download Needed
When I tried this platform I must say I was impressed, they offer great 24/7 support and the software is online based so you can trade from any PC anywhere in the world so no matter where you are or what you are doing you can still check your trade status and avoid missing out on any potentially highly profitable trades!
One of the big selling points of Forex Yard for the new trader is the fact they operate a negative balance protection. This means if you are unfortunate enough to run your balance down to its minimum, all of your trades will automatically be closed, this means you are never risking more than what is on your account - a vital lifeline for a newbie!
Additionally every Forex Yard trader gets access to an in-depth market analysis at the click of a button. Unsure of how the market might move next? This handy little feature will help you keep on top of the foreign exchange market and help you make those big trades.
Testimonial
"Hi, I just had to email you to thank you for your advice. I joined Forex Yard about 3 weeks ago and also took the Lazy Trading software, its the best thing I have ever done! I have already made $750 profit and that's from just $100!! I owe you big time!!! Keep up the good work."Michael, London
|
If you are looking for a secure spread then Forex Yard offer 3 pips on EUR/USD and 3-5 pips on other major currency pairs. They also claim that they will never changes these rates. We know that some brokers claim 3 pip spreads and then change it up to 10 pips at times of changing market activity so the added security of knowing the spread will never go above 5 pips makes Forex Yard the best platform around.
We recommend that you sign up to their super mini-account with the $100, if you are completely new to trading you may prefer to try the Forex Yard demo account first, however we suggest you don't spend too long in the demo version as when it's not real money it's easy to make trades that you wouldn't normally make.
Try it for a couple of weeks max and then invest $100 in the super-mini account and see how you do.
Click here to give Forex Yard a try
Our 3rd Forex Broker Option :
|
|
  |
 |
Earning Potential |
8 |
Customer Support |
8 |
Ease of Use |
10 |
Reliability |
8 |
Features |
7 |
Rates |
7 |
If you are looking for a no frills option to trading and are prepared to deposit at least $200 then Pip-forex have recently launched their new platform aimed exclusively at the new trader who wants simplicity.
Firstly, like the options above they are one of the few brokers who have actually developed a platform for individuals like you and me. Most Forex brokers are orientated around big business customers who have thousands to trade, that is why platforms like Pip Forex are a breath of fresh air!
Here is a summary of what you can expect:
- Easy to use platform based around the needs of a beginner trader
- Free guides on trading Forex
- Free Practice Account
- Low Minimum Deposit
- Credit Cards Accepted
- One-click buy and sell buttons
- Fixed 3 Pips on all currency pairs
What we like about this broker is the fact they are so orientated around the new Forex trader, they say you can learn how to trade within 7 minutes with their free quick guide to trading Forex and of course their whole website is set out to be as easy to use as possible - without all the complicated options other platforms offer.
Another plus point for the platform is the free Forex practice account, if you are unsure about trading then there is only one way to find out and that is to start trading with practice money for free! This will allow you to get a good feel for the market and take the plunge in to real-money trading as soon as you feel ready.
The downside to the program is that they have a larger minimum deposit than the other platforms we have reviewed at $200 USD, however, this is why they offer the practice account so that you can be sure of what you are doing before you risk depositing actual cash. On the bright side they do accept credit cards or bank transfers which is more than many brokers.
The trading platform is downloaded software. Whilst we prefer online based platforms so that you can trade from any PC, it shouldn't be too much of a problem if you are only planning on trading from one or two computers.
Overall Pip Forex is a good option for the new Forex trader who does not want to be bogged down with too much technical information and tools, however, should you be looking to the long term where you will want to use more advanced features then Forex Yard is still your best bet.
Click here to visit Pip-Forex.com
| Other Forex Product Reviews: |
|