UMarkets – broker review and traders feedback about the trading platform

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Contents

Real reviews of AMarkets 2020

I had a hard time trading with this broker. It was difficult to get a withdrawal after many failed attempts. I had to hire a recovery solution company to get my funds back. Glad I got a refund. jeanjarvis02atgmaildotcom

the worst xperience ive evr had. dont recommend ya 2 mess with it. well lemme tell ya bout my case…registration passed, 100 bucks deposited and first investment made in eur-usd pair. in a couple of dayz earned around 80 bucks and decided to take ‘em out. withdrawal request sent and in response – send us ur docs: picky, id scan, wallet data and stuff like that=)) ok, if u guys say so … here you go=)))) all requested documents provided. here where the most exciting things started. they said that i gave them bad quality docs and asked for another try. then they told me that in my wallet data there waz anther phone number. damn! who the hell cares about the phone number i set in my wallet. hows that suppose 2 deal with my money i want to get back. isnt my id scan enough for it. even though u can only withdraw to a wallet you made ur deposit from=))) just brilliant! ok, maybe it’s all bout financial system formalism and bureaucracy. i changed my phone number and they accepted the rest – progress! and here they tell me that i gotta contact my manager 2 proceed. i did it several times and had no feedback. after a while i tried 2 request a withdrawal again and received a notification saying that i can only withdraw 47 dollars! r u kidding me?=))) why not 62 or 58? i even tried to get 47 but got the same notification: contact your manager. would you believe that shit? have no other option but to forget bout money and start with another dc. very bad broker. not advised!

if you r a beginner searching 4 a company 2 start with, Amarkets iz your choice. I dunno bout professional trade but it’s just excellent 4 newcomers, im telling ya. Better trading conditions 4 inexperienced traders . don’t try to start with cent account, guys. It’s better 2 come here and start with a demo acc. believe me that u will open your first real account here after trying its demo. have a good luck.

Listen, guys! AMarkets Company has a number of advantages: offices in Russia, more than 10 years of working experience and it always fulfills its obligations. Their affiliate program is much more profitable than other companies offer. I like what I selected – its years together)))).

Not a bad company at all. I’d place it among my top 10 brokers. They always try to follow up their promises and they make it work) their trading system’s just great and no problems with deposits and withdrawals. This broker always inform about any developments in their platform operation, so you can forget about any unexpected moves.

5 Best Forex Brokers Accepting U.S. Clients Review 2020

5 of the Best U.S.A. Forex Brokers, We Analyse Commissions, Regulation, Trust, & Customer Service.

REVIEW BREAKDOWN
Forex.com: Huge Selection of Forex & Futures Trading, Competitive Commissions, Top Analysts and Market Coverage.
Interactive Brokers: For Institutional Forex Traders, the Best selection of Forex Markets +Lowest Commissions
Ally Invest: Good Forex Trading with Banking, Stock & Options Trading & Home Loans.
TD Ameritrade: Good User-Friendly Offering
OANDA: Some Good Tools with AlgoLab

Table of Contents

The Webs Most In-depth [750 Data Point] Comparison of Forex Brokers For U.S. Clients. We Filtered Down 30 Brokers to the Top 5 Regulated Brokers.

Living in the U.S.A. and wanting to Trade Forex, but cannot find a good Forex Broker? There is a reason for that, there is a very limited choice of quality brokers that are accessible for non-professionals. So we have done the work for you.

We start with a summary of the winners. However this review is huge, so if you would like to drill down into comparison details please use the table of contents on the right.

The Best Forex Brokers Accepting U.S. Clients are:

  • Forex.com — Best Conditions, Portfolio & Competitive Commissions
  • Interactive Brokers — Best for Institutions, Global Market Access & Low Margin Rates
  • Ally Invest — Good for Retail Investors Seeking Banking Services
  • TD Ameritrade — Limited Forex Pairs & High Leverage Costs
  • Oanda — Good for Direct Market Access with MetaTrader

The 5 Best Forex Brokers in the U.S.A. Compared

Broker Summary
Winner: Individual Investors seeking a Best in Class Broker offering an excellent portfolio of Forex & Futures Trading vehicles, at competitive commissions with good research analysts Summary Visit Broker
Recommended: For High Net Worth Individuals with $10M in assets wanting the best selection of Forex Markets, best commissions, and the lowest margin interest rates Summary Visit Broker
For Individual Investors seeking a good broker for Forex but also offering other services like Banking, Stocks & Options Summary Visit Broker
For those seeking a great trading platform, ThinkorSwim might be the solution, but with only 24 Forex Pairs & high leverage costs, you might need to think twice Summary Visit Broker
Oanda has been around a long time and offers a $0 minimum balance. They are integrated into Tradingview for trading but have seen some customer service issues Summary Visit Broker

Always perform your own background research using Trustpilot. Also, read our article on how to spot a broker scam.

The 5 Best Forex Brokers Details

1. Forex.com

Recommended for Individual Investors seeking a Best in Class Broker offering an excellent portfolio of Forex & Futures Trading vehicles, at competitive commissions, with top analysts and market coverage.

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Forex.com Review Summary Pro’s Con’s
Trust Pilot Rating (% Avg or Better) 92% ★ Instant Execution, STP & ECN ✘ No ETF’s or Bonds
TrustPilot Stars ★★★ ★ Good Platforms MT4 + VPS
Twitter Rating (Zero Complaints 3/months) ★★★★★ ★ Integrated Alerts, Signals, Strategies
Visit Forex.com ★ Large Established Broker

As you will see from the 5 rounds of reviews later in this article, the clear winner is Forex.com. Their key advantage is specialization in Forex. They have the lowest starting spreads and highly competitive Margin Account Interest Rates.

Forex.com offers a solid overall package offering a great selection of Fx Pairs, 84 in total. All U.S. based Forex Brokers are limited by law to 50:1 leverage which means all brokers featured here have the same maximum leverage available. Forex.com also boasts the lowest spreads on the major Fx pairs starting at 1.4 pips which gives it a 5 Star ★★★★★ Rating.

Add to this list that they have the broadest selection of high-quality trading platforms available. The industry-leading Forex Trading Software is MetaTrader and Forex.com offer MetaTrader 4. Add to that the ability to plug in and use NinjaTrader, which has a massive and passionate user base who collaborate and contribute lots of systems.

Forex.com Trading Strategies Tester

Also, for Web Trading Forex.com are utilizing TradingView. TradingView won our Best Stock Market Analysis Software Review, so you know you are getting a high-quality web trading system.

Being the largest Forex Broker in the U.S. and having a business that is entirely focused on Foreign Exchange Trading, enables Forex.com to provide excellent resources in this area. Forex.com is owned by Gain Capital a global powerhouse in CFD & Forex Trading. The benefit here is that Forex.com clients will receive a wealth of market insights, market analysis, and market outlook communications throughout the day. The in-house team of Analysts at Gain Capital provides all the market insight you will need.

In terms of Customer Support, Forex.com offers a 24/7 Coverage, both over the phone, chat, and email. It is surprising that not all Forex Brokers offer this level of service.

A great package of specialized and competitive services.

2. Interactive Brokers

Recommended for Institutional Forex Traders or High Net Worth Individuals, who want the best selection of Forex Markets, the Best Commissions, and the Industry’s Lowest Margin Interest Rates.

Interactive Brokers Review Summary Pro’s Con’s
Trust Pilot Rating (% Avg or Better) 79% ★ Industry Leading Low Commissions ✘ Less than perfect Customer Satisfaction
TrustPilot Stars ★★★★ ★ Good Platforms MT4 + VPS ✘ $10 Million Net Worth Required
Twitter Rating (Zero Complaints 3/months) ★★★★ ★ All Markets & Vehicles
Visit Interactive Brokers ★ Large Established Broker

Interactive Brokers is more than just a Forex Broker, they are THE BROKER for everything.

Interactive Brokers was a review winner in our Stock Broker Review. They are competitive, if not industry-leading in nearly every aspect of Brokerage Services. They have the most FX Pairs, allow access to the most global markets and are nearly always the lowest cost.

Ideal for Active Investors and Day Traders, seeking the absolute lowest trading costs, direct market access for fast execution and best in class margin costs. Interactive Brokers (IB) is the grandfather of online discount brokers. Not only are they a long-established company, but it is also big. It has a very complete set of services, enabling you to trade practically anything on any market.

Stocks, Options, ETF’s, Mutual Funds, Bonds, Foreign Exchange and even futures and commodities. Usually, when a company is well established and large, it loses its competitive edge. Not so with Interactive Brokers.

3. Ally Invest

For Individual Investors seeking a good Broker for Forex trading but also offering other highly competitive services like Banking, Stock & Options Trading and Home Loans.

Ally Invests Review Summary Pro’s Con’s
Trust Pilot Rating (% Avg or Better) 16% ★ 52 Forex Pairs ✘ Poor Customer Satisfaction Ratings
TrustPilot Stars ★★ ★ Spread 1.7 pips
Twitter Rating (Zero Complaints 3/months) ★★ ★ Reasonable Margin Rates
Visit Ally ★ Large Established Broker

Ally Invest holds up very well in this review offering a well-stocked portfolio of Fx Pairs and is awarded 4 Stars for its Margin Interest Rates.

Ally is in offers more Fx Pairs that TD Ameritrade and lower Margin Account interest rates. Although it only offers 52 Fx Pairs all the majors are covered. The Spread Commissions are also competitive at 1.7 pips.

If you are looking for a simpler solution for your financial needs, Ally can bring them all together for you.

As with Forex.com, Ally Invest offers full 24/7 Telephone, chat and email support coverage.

Interactive Brokers, TD Ameritrade and Oanda offer less than 24/7 telephone coverage and do not heavily focus on detailed market analysis with in-house analysts, so if you are looking for market insights and inspiration in the Forex market they might not be the ideal choice.

4. TD Ameritrade

Good for those seeking a great trading platform, ThinkorSwim might be the solution, but with only 24 Forex Pairs & high leverage costs, you might need to think twice.

TD Ameritrade Review Summary Pro’s Con’s
Trust Pilot Rating (% Avg or Better) 63% ★ $1 Commission ✘ Only 24 Forex Pairs
TrustPilot Stars ★★★ ★ Spread 1.7 pips ✘ High Margin Costs
Twitter Rating (Zero Complaints 3/months) ★★★★★ ★ ThinkorSwim Platform
Visit TD Ameritrade ★ Large Established Broker

TD Ameritrade is clearly angling at the private retail investor, as their range of services is not competitive enough for professional or highly experienced Foreign Exchange Traders. Only 24 Fx pairs are on offer and combine that with a 7.25% Margin Interest Rate for the biggest accounts, this is not such a great overall offering.

Regarding the platform, ThinkorSwim has been around for a very long time and is well respected in the industry. Super Powerful and good integration into TD Ameritrade’s trading floor ensures a good experience.

TD Ameritrade (TDA) formerly from Canadian Toronto Dominion Bank is a fully fledged publicly listed corporation trading on the NASDAQ Ticker:AMTD. With fully regulatory registration with the NFA, FINRA and SIPC insurance. It is the grandfather of online Brokers in business for 43 years established in 1975.

5. Oanda

Oanda Review Summary Pro’s Con’s
Trust Pilot Rating (% Avg or Better) 69% ★ 79 Forex Pairs ✘ Privately Held Company
TrustPilot Stars ★★★ ★ Spread 1.6 pips ✘ No Margin Cost Details
Twitter Rating (Zero Complaints 3/months) ★★ ★ MT4 & Oanda AlgoLab
Visit Oanda

Oanda offers the third-best selection of Fx pairs and a slightly lower spread commission of 1.6 pips for popular Fx pairs. However, we could not find any simple or clear explanation of the Margin account Interest Charges. There is an interest rate calculator app, but this makes it more complex for the trader.

Oanda has been in business for 25 years but is different from the other companies listed in this review as it is not publicly listed. It is held privately, and although it refers to itself as a corporation, it is not incorporated.

Also, most surprisingly I could not find any reference to Oanda in the FINRA or SIPC databases. Nor are these registrations mentioned on their website. This means you will have no investor protection insurance.

5 Rounds of Head To Head Comparisons

(Click to jump to section)

  • Round 1: Forex Brokers FX & CryptoCurrency Services — Evaluating the Pairs on Offer, Commissions, Margin Account Percentage Rates & Leverage Available.
  • Round 2: Forex Broker Trading Software Comparison — Software Available, Costs and Quality
  • Round 3: Forex Broker Customer Support, Research & Education — What support is on offer, do they provide original research and insight & is there free Forex education on offer
  • Round 4: Forex Broker Account Funding, Company Background & Regulation — Is the company well established, well funded and well regulated?
  • Round 5: Online Followers & Customer Complaints — What is the customer feedback and satisfaction on the web
  • Winners Summary — Overall Review Winners

Round 1: FX Pairs, Leverage & Interest

This section takes a look at:

  • How Many Forex Pairs are on Available to trade
  • Fx Commissions — are the Brokers Competitive
  • Margin Account Percentage Rates
  • What kind of leverage is available

The variance in commissions earned by Forex Brokers can be huge.

Commissions are either earned by Spreads, the difference between the Bid & Ask Price, or by a fixed commision on the trade (therefore lowering the spread). If you trade frequently it is vital you understand the commission structures and have low commissions to avoid slippage.

Broker fx Pairs fx Leverage fx Commisions Margin Account Interest Charges Margin Account Interest Rating
84 50:1 Spread 1.4 Pips 0.5% to 10% ★★★★★
52 50:1 Spread 1.7 Pips 4.75% to 9.25% ★★★★
101 50:1 $2.00 2.2% to 3% ★★★★★
24 50:1 $1.00 7.25% to 10% ★★
79 50:1 Spread 1.6 Pips Not Listed

Round 1: Summary FX Pairs, Leverage & Interest

Forex.com offers a solid overall package offering the second-best selection of Fx Pairs, 84 in total. All U.S. based Forex Brokers are limited by law to 50:1 leverage which means all brokers featured here have the same maximum leverage available. Forex.com also boasts the lowest spreads on the major Fx pairs starting at 1.4 pips which gives it a 5 Star ★★★★★ Rating.

Forex.com also has a very clear and simple approach to margin account interest charges, starting at a very low 0.5% for the largest traders and moving up to 10%.

Ally is in 2nd place in this round as it offers more Fx Pairs that TD Ameritrade and lower Margin Account interest rates. Although it only offers 52 Fx Pairs all the majors are covered. The Spread Commissions are also competitive at 1.7 pips.

Interactive Brokers offers the largest selection of Fx Pairs, 101, with a maximum 50:1 Leverage. The Fx commissions are fixed at $2.00 which should theoretically ensure lower spreads as commissions are not embedded in the spreads.

What is interesting about Interactive Brokers, is the incredibly attractive Margin Interest Charges. In fact, these seem to be the best in the industry, as they range from 2.2% for the largest traders to the 3% for the smaller traders.

So why is Interactive Brokers in position 3 on the list?

Well, the problem here, as you will find out later, is Interactive Brokers classify a smaller investor as have $10 Million on their account. So for the non-professional Fx Trader, Interactive Brokers is not really an option.

But if you have a large fund and are a professional Trader, Interactive Brokers is clearly the right choice.

TD Ameritrade is clearly angling at the private retail investor, as their range of services is not competitive enough for professional or highly experienced Foreign Exchange Traders. Only 24 Fx pairs are on offer and combine that with a 7.25% Margin Interest Rate for the biggest accounts, this is not such a great overall offering.

Oanda offers the third best selection of Fx pairs and a slightly lower spread commission of 1.6 pips for popular Fx pairs. However, we could not find any simple or clear explanation of the Margin account Interest Charges. There is an interest rate calculator app, but this makes it more complex for the trader.

Round 2: Fx Trading Platforms

As a frequent trader in Currencies, the quality and range of the software available are important. There is no point in having low trading costs and great margin interest rates if you cannot trade due to poor software. All of the Forex Brokers in this round offer their software for “No Cost” if you have an open active account. If you have a preference for the industry’s most established Forex Trading Packages like MetaTrader and Ninja Trader, then the choice will be clear.

Fx Trading Platforms Table

Broker Software Mobile Software Software Cost
Advanced Desktop
Web Trading (TradingView)
MetaTrader4
NinjaTrader
Free
ThinkorSwim Free
ForexTrader
Forex Trader Web
Free
WebTrader
Desktop TWS
Free
Advanced Charts
Oanda Algo Lab
MetaTrader 4
Free

Round 2: Summary Fx Trading Platforms

Forex.com again takes the lead in this round, with the broadest selection of high-quality platforms available. The industry-leading Forex Trading Software is MetaTrader and Forex.com offer MetaTrader 4. Add to that the ability to plug in and use NinjaTrader, which has a massive and passionate user base who collaborate and contribute lots of systems. Also for the Web Trading Forex.com are utilizing TradingView. TradingView won our Best Stock Market Analysis Software Review, so you know you are getting a high-quality web trading system.

Forex.com win this round hands down.

TD Ameritrade takes second place due to their offering of ThinkorSwim. ThinkorSwim has been around for a very long time and is well respected in the industry. Super Powerful and a good integration into TD Ameritrade’s trading floor ensure a good experience.

Round 3: Customer Support & Education

At 3 am in the morning you are trading USD/EUR and suddenly your trading software freezes, or your data feed stops. This is when a fast, 24/7 support team is vital.

So, what support is on offer, from our list of Brokers, both technical support and client support for account setup and funding/withdrawal requests)

Also important for those new to the markets and even experienced traders, is original market insights and analysis. So do our brokers provide original research and insight.

Lastly, for the less experienced trader, some free Forex education on offer would be a bonus.

However, the major Brokers do not have significant educational programs. To trade Forex well you need to have an extremely deep understanding of Technical Analysis. Technical Analysis is the analysis of supply and demand and the movement of price, usually through chart analysis.

You do have a number of options for learning Technical Analysis here at LiberatedStockTrader.com. You can self-learn through books or through a full video driven training course. Take a look at the best selection of Professional Technical Analysis Books. Or a full Professional Grade Training Course — all the Technical Analysis lessons in our PRO course are equally applicable to the Forex Markets.

U.S. Forex Brokers — Best Customer Service Table

Broker Customer Support (Phone) Email Support Research / News
Excellent – 24/7 Coverage 24/7 ✔ Excellent
Excellent – 24/7 Coverage 24/7 ✔ Excellent
OK – 12/7 Coverage 24/7 ✔ Only Daily Email & Traders Academy
OK – Client Support 24/7
Technical Support 11/5
24/7 ✔ Limited
OK – Closed Friday 6pm to to Sunday 1pm 24/7 ✔ Limited 3rd Party Only

Round 3: Summary Customer Support, Research & Education Summary

Being the largest Forex Broker in the U.S. and having a business that is entirely focused on Foreign Exchange Trading, enables Forex.com to provide excellent resources in this area. Forex.com is owned by Gain Capital a global powerhouse in CFD & Forex Trading. The benefit here is that Forex.com clients will receive a wealth of market insights, market analysis, and market outlook communications throughout the day. The in-house team of Analysts at Gain Capital provide all the market insight you will need.

In terms of Customer Support, Forex.com offers a 24/7 Coverage, both over the phone, chat, and email. It is surprising that not all Forex Brokers offer this level of service.

Ally Invest also takes advantage of the Gain Capital Analyst Network (mentioned above) and can boast a superior market analysis and insight solution.

As with Forex.com, Ally Invest offers full 24/7 Telephone, chat and email support coverage.

Interactive Brokers, TD Ameritrade and Oanda offer less than 24/7 telephone coverage and do not heavily focus on detailed market analysis with in-house analysts, so if you are looking for market insights and inspiration in the Forex market they might not be the ideal choice.

Round 4: U.S. Regulated Forex Brokers

Is the company well established, well funded and well regulated? This is the main object of this round of comparisons.

Any U.S. based Broker of Derivatives and Forex should be a member of the following institutions.

Financial Industry Regulation Authority (FINRA) Membership.

FINRA is a nonprofit organization established to protect investors and ensure that the members are complying with the law and the Securities and Exchange commision rules. They audit all members regularly.

Securities Investor Protection Corporation (SIPC) Membership.

The SIPC is there to protect and hopefully recover any money lost if a Brokerage firm fails. Although Broker failure is rare, it can happen and SIPC membership ensures that your account is protected up to $500,000.

National Futures Association (NFA) Registration.

Any Broker dealing with Foreign Exchange or other derivatives must be registered with the NFA. The NFA is a self-regulating industry body authorized by the Commodity Futures Trading Commission (CFTC). But we all know how well self-regulation has worked out for the financial services industry from the 2007 financial crisis.

Publicly Listed Company.

Also, it is ideal that any broker or financial institution, that you use be a publicly listed company. This provides transparency into the financial statements and the financial health of the company. You do not want to place you trading funds with a company that is close to or on the brink of bankruptcy.

U.S. Regulated Forex Brokers Table

Broker Minimum Balance Established Company Publicly Listed Country of Registration Registration Regulator
$50 2001 Gain Capital NYSE: GCAP U.S.A NFA FINRA / SIPC
$250 2001 Ally Financial Inc NYSE: ALLY U.S.A NFA FINRA / SIPC
$0 1975 TD Ameritrade Holding Corp NASDAQ: AMTD U.S.A NFA FINRA / SIPC
$10 Million 1978 Interactive Brokers LC NASDAQ: IBKR U.S.A NFA FINRA / SIPC
$0 1995 Oanda Corp Privately Held U.S.A NFA

Round 4: Summary U.S. Regulated Forex Brokers

In this section, all Brokers are registered with the National Futures Association, so no issue there. But there are a few differences in the other categories.

Forex.com is owned by Gain Capital, who are a registered corporation and floated on the NYSE Ticker:GCAP. They have been in operation for 17 years and have full FINRA membership and the SIPC Investor Protection. Also, you can open an account with a balance of $50, but of course you will need more than that to trade and take advantage of leverage.

Opening an account with Ally Invest, allows you to do more than trade Forex, they are an entire banking institution worth $12 USD Billion, providing also home loans, banking, auto leasing and credit cards. They also have been in business for 17 years, and are publicly listed on the NYSE Ticker:ALLY. Ally suggest you need a balance of $250 to open an account with them, which is completely reasonable. Full NFA, FINRA, and SIPC insure are also available.

If you are looking for more than simply Forex Trading, Ally Financial are competitive and indeed advantageous for all services offered. Quite often retail banks offer terrible deals for trading and investing compared to dedicated brokers, but this is not the case with Ally.

TD Ameritrade (TDA) formerly from Canadian Toronto Dominion Bank is a fully fledged publicly listed corporation trading on the NASDAQ Ticker:AMTD. With fully regulatory registration with the NFA, FINRA and SIPC insurance. It is the grandfather of online Brokers in business for 43 years established in 1975.

Interactive Brokers, Ticker:IBKR, is celebrating it’s 40th birthday this year and is publicly listed on the NASDAQ. What you might find interesting in the table above is that to trade Forex with Interactive Brokers you will need to fund your account to the tune of USD $10 Million.

This essentially shuts the door to non-professional traders.

Oanda has been in business for 25 years but is different from the other companies listed in this review as it is not publicly listed. It is held privately, and although it refers to itself as a corporation, it is not incorporated.

Also, most surprisingly I could not find any reference to Oanda in the FINRA or SIPC databases. Nor are these registrations mentioned on their website. This means you will have no investor protection insurance.

Round 5: Customer Complaints

Lastly, we look at what is the customer feedback and satisfaction on the web? To do this we scanned thousands of Tweets for the featured Brokers to look at any complaints registered. The great thing about twitter is that if you are not getting any response from a company’s customer services, you can voice your concern on Twitter and be heard by the world.

U.S. Forex Broker — Online Feedback Table

Broker Twitter Followers Negative Tweets 3 months
120K 0
35.5K 0
110K 0
233K 5
17K 10

Round 5: Summary Customer Complaints

Impressively with a following of 120,000 people, there is not a single complaint on Twitter in the last 3 months about Forex.com. This is a good sign of solid customer satisfaction. You can also see how active their analysts are as they post publicly insights multiple times per day.

Ally Invest and TD Ameritrade also score perfectly, with a combined following of 145,000 people there are zero complaints.

TD Ameritrade has had negative feedback on Trustpilot regarding the Mobile Apps and slow fund transfers. But I have used TD Ameritrade for 20 years and have no complaints.

Interactive Brokers with a monster following of 233,000 people fared less well with 5 customers tweeting in the last 3 months, complaining about their data feeds being down, and some bugs with the trading software. But considering the size of the company and number of customers they have this is still very low.

Finally, Oanda with a small following of only 17,000 people on Twitter has had 10 customers complaining on Twitter. The complaints were mostly about System Availability and Fund Transfers.

Background on Forex Trading

What is Forex?

The Foreign Exchange Markets are by a long distance the biggest, most liquid markets in the world. Find out more by watching this 2-minute video.

Why Would I Want to Trade Forex?

Foreign Exchange Markets provide the following benefits over the stock market:

  1. Open 24 hours a day, 6 days per week — enables you to trade when you want to
  2. An ideal market for Day Traders or High-Frequency Trading as there are no daily trade limits imposed in the U.S., unlike the stock market.
  3. There is huge liquidity in the Forex market which means fast execution, low commissions, and tight spreads, lowering the cost per trade

Potential Downsides to FOREX Trading

Due to the small fluctuations in any given day between any 2 currencies, you will need to use leverage to make any significant profits. This can increase profits but also increase risks which potentially means you could lose your entire investment quicker than in the stock market. You need to manage leverage and cost of leverage effectively to stay in the game.

Watch This Forex Educational Video

CFD Risk Notice ESMA & FCA Risk Warning – “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts may lose money when trading CFDs with any provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk”

We thoroughly background check the brokers we recommend and only list reputable trustworthy companies. Read our tips to perform your own background checks, and test a broker after you sign up. You can perform your own check easilly. LiberatedStockTrader.com accepts no responsibility for your experience with any broker.

What do I need to look for in a good Forex Broker?

Dealing in Foreign Exchange and other derivatives can seem a somewhat complex, daunting and even a shady business for the new investor. It is therefore important that any Forex Broker you choose should:

  • Be Well Regulated
  • Financial Industry Regulation Authority (FINRA) Membership.
  • Securities Investor Protection Corporation (SIPC) Membership.
  • National Futures Association (NFA) Registration.
  • Have Transparent & Low Commission Structures
  • Provide Low Margin Costs
  • Have Good Access to Support

Traders and Investors

IBKR’s low costs and global market access help maximize your returns. 4 Earn extra income 1 , borrow at low rates, spend directly against your account and invest globally from a single account.

Lowest Cost*

Our transparent, low commissions and financing rates, support for best price execution,
and higher interest paid minimize your costs to help you maximize your returns.
Generate
Higher Returns

IBKR offers lower commissions, no ticket charges, no minimums, no technology, software, platform or reporting fees, low financing rates , with higher loan values on portfolio margin accounts over $100K, and competitive interest paid on idle cash balances.

Support for Best
Price Execution

IB SmartRouting SM searches for the best firm stock, option, and combination prices available at the time of your order, and seeks to immediately execute your order electronically. IBKR Pro clients received a net US dollar price improvement of $0.43 per 100 shares vs. the industry bid / offer.

Lowest Margin
Rates

We offer the lowest margin loan interest rates of any broker, according to the Barron’s 2020 online broker review. Click below to calculate your own sample margin loan interest rate.

Stock Yield
Enhancement Program

Earn income on your fully-paid stock shares in our Stock Yield Enhancement Program. The program lets us borrow your shares in exchange for cash collateral, and then lend the shares to traders who are willing to pay a fee to borrow them. You will be paid a loan fee each day that your stock is on loan.

*For more information, click here.

Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.

Rated #1 –
Best Online Broker 2020!*

Your Gateway to the World’s Markets

Invest globally in stocks, options, futures,
forex, bonds and funds from a single integrated account.

135 Markets

31 Countries

23 Currencies

Access market data 24 hours a day and six days a week to stay
connected to all global markets.

Convert currencies at market determined rates as low as 1/10 of a basis point, or create a position collateralized by a non-native currency.

Fund your account in multiple currencies. Trade assets denominated in multiple currencies from a single account.

Integrated Investment Management

Earn, Borrow, Spend and Invest Worldwide from One Account

Open a single IBKR Integrated Investment account and get the best financial deal without the hassle of having to transfer between accounts. Directly deposit your paycheck and instantly earn high interest, invest in stocks, options, futures, forex, bonds and funds around the world at low cost, and spend when needed with Bill Pay or our Mastercard® 5 . If you have the need to borrow, you can do so at the lowest rates.

Earn

Earn market rate interest on your idle balances and earn extra income by lending your fully paid shares. Directly deposit your paycheck and instantly earn high interest 1 .

Borrow

Borrow against your account whenever needed at extremely low, market determined rates.

Spend 5

Use our Bill Pay to pay any expense. Our Debit Mastercard allows you to make purchases anywhere or automatically pay off your existing credit card each month and maximize your card rewards.

Invest

Invest in stocks, options, futures, forex, bonds and funds from a single integrated account on over 135 global exchanges at low cost 6 .

5. The Interactive Brokers Debit Mastercard and Bill Pay are only available to clients of Interactive Brokers LLC that are resident in the United States.

Leverage Technology Built to Help You
Get Ahead

Powerful enough for the professional trader but designed for everyone. Available on desktop, mobile and web.

Spot market opportunities, analyze results, manage your account and make better decisions with our free trading tools.

100+ order types – from limit orders to complex algorithmic trading – help you execute any trading strategy.

Real-time trade confirmations, margin details, transaction cost analysis, sophisticated portfolio analysis and more.

Financial Strength and Stability

Our strong capital position, conservative balance sheet and automated risk controls protect IBKR and our clients from large trading losses.

Interactive Brokers Group (IBG LLC) equity capital exceeds $7.9 billion 1 . 18.5% of IBG LLC is owned by the publicly traded company, Interactive Brokers Group, Inc. and the remaining 81.5% is owned by our employees and affiliates.

Unlike other firms, where management owns a small share, we participate substantially in the downside just as much as in the upside which makes us run our business conservatively. We hold no material positions in OTC securities or derivatives. We hold no CDOs, MBS or CDS. The gross amount of our portfolio of debt securities, with the exception of US governments debt securities, is less than 10% of our equity capital.

  1. Includes Interactive Brokers Group and its affiliates.

Investors’ Marketplace

Investors and clients can meet and interact with third-party service providers to connect and conduct business.
  • Individual traders and investors, financial advisors, fund managers and third-party service providers can meet and do business together.
  • Search the marketplace and connect to a variety of service providers, including advisors, hedge funds, research analysts, business developers and administrators.
  • Advertise your own third-party services to individual and institutional users worldwide.
  • Free to advertise and search, the Investors’ Marketplace is
    open to everyone.

On Demand Learning at Traders’ University

Even the most experienced traders need to keep learning to stay ahead. Traders’ University provides information about IB products and services in many different ways. Choose the method that fits your own learning style.
Webinars

We offer an extensive program of free trader webinars. Watch, listen, and ask questions from your home or office computer as our webinar instructors clearly describe our technology, trading, and markets around the world. Our webinars are also recorded so if you can’t attend a live webinar, you can experience it on demand at your own convenience.

Courses and Interactive Tours

Take one of our courses to explore stocks, options, futures and Forex trading, or get up to speed quickly on Trader Workstation and TWS online trading tools with one of our interactive tours.

IB Traders’ Insight

Traders’ Insight is a key resource for market participants seeking timely commentary directly from industry professionals on the front lines of today’s fast-moving markets.

And more.

Traders’ University gives you easy access to a variety of documentation, including all of our users’ guides, TWS Cheat Sheets, QuickStart guides, FAQs and more to help you learn how to use our platforms, tools and services.

Open an Account

We offer many customer account structures that are designed to meet the specific needs of individual traders and investors,
including Individual, Joint, and IRA accounts.

Individual, Joint, and Retirement Accounts

Account Types: Traders or Investors
  • INDIVIDUAL: Account owned and used by a single person.
  • JOINT: Account owned and used by two people.
  • IRA: Individual Retirement Account. Click here for additional information..

Add up to five optional Power of Attorney users.

Account Information

IBKR accounts are intended for active / professional traders and investors. Clients are asked to demonstrate:

  • Good to extensive product knowledge for any product you wish to trade.

Accounts are accepted from citizens or residents of all countries except citizens or residents of those countries or regions that are on the sanction list of the US Office of Foreign Asset Controls or similar lists, or other countries determined to be higher risk. Click here for a list of available countries.

Minimum Age Requirements:

  • Margin Account: 21 years of age
  • Cash Account: 18 years of age

IRA accounts are only available for individual US citizens living anywhere and US resident aliens. Click here for additional information..

For information on SIPC coverage on your account, visit www.sipc.org or call SIPC at 1 (202) 371-8300.

Margin borrowing is only for sophisticated investors with high risk tolerance.
You may lose more than your initial investment.
  1. Credit interest rate as of 3/17/2020. USD credit interest is paid at the stated rate on balances over USD 10,000 in securities accounts with NAV exceeding USD 100,000. Accounts with less than 100,000 NAV will receive USD credit interest at rates proportional to the size of the account. The rate paid in smaller accounts is proportionally reduced, so that if the total value of the account is $60,000 the interest rate paid is reduced by 40%. For more information, see ibkr.com/interest.
  2. Barron’s estimated a customer’s monthly costs at each of the 16 brokers in the 2020 “Best Online Broker” ranking. Interactive Brokers was the lowest cost for the Frequent and Occasional trader. For complete information, click here.

Margin loan rates and credit interest rates are subject to change without prior notice.

BY USING THE INTERACTIVE BROKERS DEBIT MASTERCARD YOU AGREE WITH THE TERMS AND CONDITIONS OF THE CARDHOLDER AGREEMENT AND FEE SCHEDULE, IF ANY. This card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank© 2020.

All interest and borrowing activity is through Interactive Brokers LLC. Please see your customer agreement with Interactive Brokers LLC for further details.

Card program marketed and administered by Interactive Brokers LLC, the Program Manager of the Interactive Brokers Debit Mastercard.

  1. According to StockBrokers.com Online Broker Survey 2020: Read the full article Online Broker Reviews, February 12, 2020. “Interactive Brokers leads the industry with the lowest margin rates”.
  2. Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.

Interactive Brokers ®, IB SM , InteractiveBrokers.com ®, Interactive Analytics ®, IB Options Analytics SM , IB SmartRouting SM , PortfolioAnalyst ®, IB Trader Workstation SM and One World, One Account SM are service marks and/or trademarks of Interactive Brokers LLC. Supporting documentation for any claims and statistical information will be provided upon request. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

The risk of loss in online trading of stocks, options, futures, forex, foreign equities, and fixed Income can be substantial.

About AMarkets

Earn with reliable broker — AMarkets

AMarkets Mission

Over the years of the Company’s existence, the letter A has acquired several different meanings, which now shape our mission and philosophy:

Company History

Providing brokerage services in the CIS countries, Asia and Europe, AMarkets focuses on offering high-quality services and comprehensive support to its clients and partners. Our professional team is committed to finding innovative solutions and introducing new technologies so that AMarkets clients from all over the world could get the best trading conditions. Our experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets.

1 October 2007 – AMarkets company was founded

We opened the first office, launched the website and set a bridge with a liquidity provider. Clients received free access to MetaTrader 4 trading platform

The company participated in ForexExpo, an international exhibition and created a special product TraderBox for the guests of the exhibition

We held our first educational webinar on financial markets for participants with different trading experience

Paying special attention to quality analytics, we introduced daily economic reviews.

The company began to expand its presence around the world

The clients’ trade turnover rose by 100% during the global financial crisis

One of our clients showed a record profit of $ 20,000 in one day

The company celebrated 1000th client

The company became the laureate of the IAFT Awards in the nomination ‘Discovery of the Year’

A full-fledged client department was created, using SalesForce CRM-system – the world leader in the CRM-systems market

Company clients get free access to Trading Central and Autochartist – the best analytical services and unique materials from the analytical department

Forecasts made by our analyst become a runaway hit among traders and are published in major media

The partner network is growing and partnership programs department is working on new ways to attract traders to financial markets

The company participates in a social program to support children from orphanages

The company became a member of the Commission on Regulation of Financial Markets Participants Relationships (KROUFR)

A fully-fledged analytical department began its work, making daily forecasts and reviews of the market situation.

The company enters partnership with top-tier liquidity providers: Deutsche Bank, Credit Suisse, Barclays, UBS, Morgan Stanley and BNP Paribas

No Dealing Desk technology becomes available to all clients

The company opens its first trading accounts for clients from the Asian region

The company received the KROUFR certificate for its original educational programs and won in the nomination ‘Best Forex Educational Program 2020’ in the ‘ShowFx World’ open voting

The Company sponsored ShowFx World, globally renowned exhibition

The Сompany takes an active part in the scientific and practical conference for the leaders of the largest Forex companies ‘Problems and prospects of currency trading’

The Company takes 11th place in the largest Forex-brokers rating according to Interfax

A full-fledged Partnership programs department was created

The company joined CRFIN, The Center for Regulation in OTC Financial Instruments and Technologies

The Company among the first introduced Mirror Trader platform for social trading

Company representatives participated in the international Forex Magnates Summit 2020 in London

We expanded the range of trading instruments and introduced CFDs trading (contracts for difference) on major stock indices, shares of the largest companies, oil futures and metals

Company top-managers spoke at the Financial Supermarket business forum

The company became the fastest growing STP-broker in Asia according to Global Banking Finance Review and won the IAFT Award in Dynamic Development

The was the first broker in the world to adopt the newly X Open Hub powered Mirror Trader platform

Company representatives visited the international Forex Magnates Summit 2020 in London

Clients were offered a new trading instrument – the RTS index

The Company became a member of the Financial Commission to provide assistance from independent experts to all its clients

The Company participated in the affiliate programs exhibition (RACE)

The company spoke at the China International Online Trading Expo and at the World Currency Market international Forex congress

Order execution speed reached a record 60 ms, thanks to the introduction of new technologies

The company organized a series of signature seminars for traders

The Company won the IAFT Awards ‘The highest percentage of successful clients’ and ‘The fastest execution of orders’

‘Laboratory’ section with unique market sentiment indicators and automated solutions for trading was added to the website

We improved our trading conditions and reduced the spread on most trading instruments

Clients will now receive full compensation of deposit commission charged payment systems

The first educational seminar was held at the specialized exhibition RACE

The company updated its Partner Area on the website and partners received a wide range of new tools to attract clients

AMarkets expands its services beyond the Forex currency market – CFD instruments are now available for trading

Due to the constant market analysis and high-quality risk management, the Company prevented significant client losses during the collapse of the Swiss franc

Order execution speed at AMarkets reached a new record – 30 ms versus the industry’s average of 500 ms

The company entered the top-5 international forex brokers with the highest percentage of successful customers

Clients received unique market sentiment indicators ‘Cayman’ and ‘Aggregate position’

The Company offers more than 700 instruments to trade stock and currency markets to its clients

The company registered its 100 000th client

The company took second place in the ranking of global brokers with the highest rate of successful clients

AMarkets representatives participated in the Second International Forex Congress, organized by the CRFIN

AMarkets launches customer support in Telegram and Viber, morning briefings are now held daily live on Periscope

AMarkets organizes its first large-scale tour around the CIS countries with the signature seminar by the Company leading analyst

The company introduced xStation – a new trading terminal with xSocial service for social trading, and MetaTrader 4 web and MAC OS versions

AMarkets becomes the winner of the RACE Awards 2020 in the nomination ‘The best forex broker in the affiliate programs market’

AMarkets introduced a new type of partnership, based on the CPA-model – ‘Webmaster’. Complete traffic statistics can be now accessed in the Partner’s area

AMarkets expanded its list of available trading instruments: commodities, bonds and indices became available in the trading platform

AMarkets clients are now able to trade using VPS-servers

The xStation terminal now offers more than 1,500 CFDs on shares of global companies and ETFs

To take clients’ security to the next level, AMarkets introduced two-factor authentication for all clients

We added new structured products in ready-made investment ideas section on our website

Free SMS notification service was added in the client Personal area

Minimum deposit to open ECN account has become 5 times smaller – $ 1,000

AMarkets clients held a successful trading session during the United Kingdom European Union membership referendum (Brexit)

Our analysts took part in the International Economic Forum 2020

In 2020 we celebrated the Company’s 10-year anniversary

Ernst&Young, a global reputable audit firm conducted AMarkets’ due diligence audit

Among the first broker companies, we added new trading instruments – cryptocurrency pairs and about 150 new share CFD’s

AMarkets introduced an updated version of the MirrorTrader platform platform and built 3 ready-made portfolios with MirrorTrader strategies, yielding 46%

We canceled commission on deposits and withdrawals completely

Our experts in crypto-investing held several workshops in Kiev and Almaty

Partner Remuneration at AMarkets has become one of the highest in the industry

AMarkets’ clients got an option to choose the base currency when opening a new account – EUR or USD

AMarkets increased the maximum leverage up to 1:1000

We launched MetaTrader4 MultiTerminal. Its main feature is that it allows simultaneous trading with several accounts.

MetaTrader 5 became available on real accounts

AMarkets completed Execution Certification from Verify My Trade

AMarkets launches Customer Support in MetaTrader 5.

We launched 100% Shariah-Compliant Islamic Accounts

AMarkets made MetaTrader 5 web platform and mobile application both for iOS and Android available to all clients

AMarkets has canceled daily limits on withdrawal via electronic payment systems

AMarkets registered its own trademark!

We launched a new Loyalty Program “Cashback from AMarkets”

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