Brokers

Where to trade online is an important part of trading. I have tried many different brokers and services.

I finally ended up with a couple of brokers I prefer to use. Each broker has its own strengths that give me a reason to use them.

Brokers I Use

I use or have used the following brokers for Forex and CFD trading:
etoro
Etoro

Markets
Markets

Plus500
Plus500

Oanda
Oanda

At these brokers I trade/have traded swing trading and other strategies on forex and index CFDs.
I recommend these brokers for the following reasons:
  1.  I trust the broker. I have been trading for a few years with this broker and I have made deposits and withdrawals without any problems. It is regulated in various jurisdictions.
  2. The broker offers an easy to use online platform for trade execution and trade management. Specifically, the position sizing is very easy to do on the platform. Most brokers offer platforms for trade execution that make position sizing overly complicated.
  3. I have found the instrument prices to be accurate.
  4. I have found the spreads/trading costs to be reasonable.
  5. I have found the trade execution to be precise enough for my style of trading.
  6. This broker offers a non-expiring practice account, which you can use to test and trade new strategies against live markets without risking any real money until you are ready to trade live.
  7. This broker offers many additional tools and services that will help you in your trading.

Find Your Broker

I do not recommend specific brokers. You will have to find one yourself that fits to your situation and your needs. For a primer on brokers and how they operate check out my article: Where to trade? - Finding a broker.

Some Advice

Some general advice on selecting a broker is to find one that is well regulated. I prefer brokers that are regulated in the UK (FCA), USA (NFA) or Australia (ASIC) as the regulators in these countries are most strict and offer the best protection against any possible funny business.

Get Rebates

Below is a list of brokers that offer rebates on their spread or commission through a service that I have used myself:


Using a service like this will lower your trading costs. You can search or filter to find a broker that suits you. If you then click through on the broker, you will be taken to the broker page on CashBackForex where you can read more information and learn how to sign up for rebates.