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 the most reputable Forex Brokers across the globe, based on the following criteria:
- Regulatory guidelines, accreditation and licenses
- Experience: Expert, Intermediate, Novice
- Proprietary Trading platform (MetaTrader4)
- Expert Advisor 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:
We like this Broker: 
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Firm
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Headquarters
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Trader Level
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Advantages
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Limitations +Drawbacks
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Leverage / Spread /
Trade Size |
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- London
- New York
- Seoul
- Tokyo
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- Seasoned
- Intermediate
- Novice
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- Competitive, nominal spreads of 1-2 pips • Price transparency with 24-hour, unlimited trading
- Flexible, hedging scenarios
- Unregulated by the NFA, Forex.com 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 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.
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Due to government guidelines and OFAC restrictions, FOREX.com is unable to accept accounts applications from residents of the People’s Republic of China and Nigeria. |
200:1 /1-2 pips / 0.01 |
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- Seasoned
- Intermediate
- Novice
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- 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.
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No US or Canadian Clients |
400:1 /2 pips /
0.01 |
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- Seasoned
- Intermediate
- Novice
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- 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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- Seasoned
- Intermediate
- Novice
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- 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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- 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
- Solid Broker located in Canada
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Accounts for Canadian and US citizens are not accepted. |
500:1 /2 pips /
0.01 |
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- Seasoned
- Intermediate
- Novice
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- Offers Muslim Swap free accounts
- Features different spreads for a variety of currency pairings.
- Provides an easy reference guide
- FXcast.com is a trading name of Surplus Finance S.A. (Regulated by the Financial Services Commission, Nr. C109007482 SEC-2.4).
- Strong Company been around for years in the Forex industry.
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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
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- 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 500:1
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Customer service is inconsistent |
500:1 /2 pips /
0.01 |
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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 an special price for unlimited live accounts per broker listed here, contact us at cs@alterhedge.com
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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