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Brokers Matched to Your Investment Strategy For any-level investor, AlterHedge has a Forex Broker to complement your investment style, risk tolerance and strategy. Whether you’re a Forex investor, who prefers to hedge higher risk, or start out with a micro account, AlterHedge handpicked seven of the most reputable Forex Brokers across the globe, based on the following criteria: • Regulatory guidelines, accreditations and licenses • Experience with a variation of managed accounts (expert, intermediate, novice) • Proprietary Trading platform (MetaTrader4) • Research and trading system support • Spreads, Maximum Leverage and Trade Size • Professional Broker-Customer relations After you’ve downloaded and test traded our Expert Advisor and your are ready to trade live, select from a cross spectrum of Brokers:
| Firm | Headquarters + Global Offices | Trade / Investor Level | Advantage | Limitations + Drawbacks | Max. Leverage / Typical Spread / Minimum Trade Size |
 AlterHedge's Choice! |
• London
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• Seasoned • Intermediate • Novice |
• Competitive, nominal spreads of 1-2 pips • Price transparency with 24-hour, unlimited trading • Flexible, hedging scenarios • Unregulated by the NFA, Forex allows "hedging". • Versatile with extensive trading scenarios. • Trades on a variety of currency pairs • Utilizes an experienced team of researchers • Unmatched customer, expert advisors • An initial margin requirement for standard and mini accounts, ranging from £2,500 on a minimum trade size of 100,000 and a £250 on minimum trade size of 10,000, respectively. • Forex.com UK is also ideal for the sophisticated trader, who can afford more risk and plans to trade in volumes of more than 10,000 a month. |
Due to government guidelines and OFAC restrictions, FOREX.com UK is unable to accept accounts applications from residents of the People’s Republic of China and Nigeria. No US Clients. |
200:1 / 1-2 pips / 0.01 |
 AlterHedge's Choice! |
• Montreal • Zurich • Moscow
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• Seasoned • Intermediate • Novice |
• 2 pip fixed spreads on the majors • Price transparency with 24-hour, unlimited trading • All trading strategies permitted • "Hedging" allowed with MT4 • Over 24 tradable currency pairs plus Gold, Silver, and Oil • Friendly, experienced support • Open an account with as little as $100 USD • High volume traders (10,000 r/t standard lots per month) are encouraged to ask about our VIP trading program with lower spreads. • Doing business as Boston Merchant Financial Services. |
No US or Canadian Clients |
400:1 / 2 pips / 0.01 |
 AlterHedge's Choice! |
• London
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• Seasoned • Intermediate • Novice |
• Tight, reliable instantly tradable streaming rates. • Price transparency with 24-hour, unlimited trading • All trading strategies permitted • "Hedging" allowed with MT4 • Over 50 tradable currency pairs plus Gold, Silver, and Oil • Honesty, integrity and service " par excellence " • Open an account with as little as $500 USD
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None |
300:1 / 2 pips / 0.01 |
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• London |
• Seasoned • Intermediate • Novice |
• Tight spreads and best execution • Access to Alpari Academy and Alpari Research • FSA regulation and Safety of customer funds • MetaTrader4 platform, available free for PC, mobile and multi-terminal editions • Helpful Client Services Team • Tight spreads from 1.6 pip • Floating leverage up to 1:500 • 5 decimal price feed
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No US clients |
500:1 / 1.6 pips / 0.01 |
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• Moscow • London • New York |
• Seasoned • Intermediate • Novice |
• Regulated by the RFA, Alpari is the preferred Expert Advisor for Russian investors. This Broker is a member of the Commission to Regulate the Relations of Participants in Financial Markets. • Micro and Standard accounts
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For the non-Russian trader, Alpari has many restrictive foreign exchange policies. |
500:1 / 3 pips / 0.01 |
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• Canada |
• Intermediate • Novice |
• Complete hedging • Real-time pricing • Leverage selection - from 500:1 to 100:1 • Offers Mini 0.1 and micro 0.01 lots • Professional, expert customer support |
Accounts for Canadian and US citizens (are not accepted) |
500:1 / 2 pips / 0.01 |
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• Antigua • Bermuda
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• Seasoned • Intermediate • Novice |
• Offers Muslim Swap free accounts • Features different spreads for a variety of currency pairings. • Provides an easy reference guide |
Unable to manage American accounts. US citizens, who have an offshore or bank account outside of the United States are welcome to apply. |
400:1 / 3 pips / 0.01 |
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• Egypt • UK • Hong Kong • China • United States • France • Switzerland |
• Novice |
• Licensed by the FSC For the EUR USD, spreads start at .05 • Main advantage: FXopen accepts Islamic accounts • Minimum deposit starts at $25 • Margin leverage from 1:1 up to |
Customer service is inconsistent |
500:1 / 2 pips / 0.01 |
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• Cyprus |
• Seasoned • Intermediate • Novice |
• TadawulFX is designed for the Islamic investor in mind, offering interest free accounts • Offers mini, standard and premium accounts • Spread starting at 1 • During market hours, offers guaranteed fills on limit and stop orders. |
TADAWUL FX has a built-in gifting policy, where they donate a percentage of investors’ profits to a foundation or organization of their choosing. |
500:1 / 3 pips / 0.05 |
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For more information about these Brokers, REGISTER for an account and submit your question on a ticket or contact us at +1(305) 600-2388.
Note: By opening a live account in one of the following Brokers, EA license will cost $500 for unlimited live accounts per broker listed here.
About Minimum Trading Size Requirement The size of one lot may differ from broker to broker, spanning 1,000, 10,000, and 100,000 units. A lot consisting of 100,000 units is called a “standard” lot (1). A lot consisting of 10,000 units is called a “mini” lot (0.1). A lot consisting of 1,000 units is called a “micro” lot (0.01).
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