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    • Choosing a broker can take several days comparing different characteristics and conditions in the hope of finding your best choice. Here we have done various kinds of reviews where you can briefly consider brokers to suit your preferences. The brokers we have selected are trusted leaders who work with integrity, offer the most convenient combination of additional features, provide an easy-to-use platform and provide excellent customer service.
    • To start trading, you need to decide on the choice of payment method, trading amount, and then open a demo or real trading account. Payment systems for Forex trading should be reliable and secure, as well as provide the functionality necessary to brokers. Therefore, it is important to choose a convenient intermediary capable of providing a full range of services, security and stability of work.
    • Choosing a trading asset is a very important process. This decision needs to be thought through for each transaction, along with the expiration date, the amount of money you want to invest, and the forecast you will make. To get used to and start making profitable trades, do not trade everyone, hone your skills on a limited number of assets. Over time, you will find exactly the ones with which you are most comfortable working.

    - STEP 2 - Choosing A Deposit And Open Account

    The most popular methods used to fund trading accounts are Credit / Debit Cards, and e-Wallets. Electronic Wallets like PayPal and Skrill are popular methods because of the additional layer of security involved however most brokers use the highest forms of SSL security available online. Bank Transfer are another popular method for larger investment amounts. Before selecting an investment amount make sure to find a broker you trust. For the list of recommended brokers, you can view our list of brokers. Here is a list, with a brief explanation of which deposit methods are popular and which brokers accept these investment types:

    Debit/Credit Cards

    Credit cards, including VISA, MasterCard, American Express, Discover, JCB and others are some of the most popular deposit methods for most brokers. They provide traders instant balance in their trading accounts and often traders enjoy a great welcome bonus simply for making an initial investment. Cards have changed these days and offer more flexibility when making a deposit with your broker. This is perhaps the most popular deposit method and is usually as simple as buying anything in our life.
    Main Advantages Debit/Credit Cards:
    • Cards allow you to cash money at any time;
    • Personal data security guarantee;
    • Cards support a variety of partner, bonus and loyal programs;
    • The ability to use online banking;
    • Convenience and versatility of the service.


    Skrill has been facilitating online payments since 2001 and is regulated by the FCA (UK). Similar to PayPal, users can fund their Skrill account and make payment at thousands of online shops for goods and services including the Forex market. Being available in 40 currencies the service works for more than 200 countries. The company’s offices are located throughout Europe and the United States. Skrill is now a popular e-wallet all over the world.
    Main Advantages Skrill:
    • Instant deposits without commission;
    • Reliability and confidentiality;
    • Instant money transfers around the world;
    • Multilevel VIP program;
    • Fast processing of cashouts.


    PayPal is the original eWallet. PayPal was founded in December 1998 and uses the latest web and mobile technologies to make it even easier for users to transfer money. These days competition in the space is pretty high and so PayPal has actually faded out a bit in favor of cheaper methods mentioned above. The system is common among European and American brokers. Today Paypal has over 250 million active users worldwide and is the most popular online payment service. On PayPal, replenishment and withdrawals are fast, efficient and with minimal cost.
    Main Advantages PayPal:
    • Excellent level of financial protection;
    • High level of funds protection and return in case of loss;
    • This payment system has a high speed of work;
    • Conversion of currencies automatically;
    • More than 250 million active accounts worldwide;
    • Payment in large world stores;
    • Keeping money in any of the 26 currencies.

    Bank Transfer

    Bank Transfers are quite a popular method of payment for traders. There is a fee involved that your bank will charge, but you can be sure the funds will reach your broker swiftly. When wiretransferdepositing money through a bank transfer, traders benefit from the advantages of high security, accessibility, privacy, speed and the ability to deposit high amounts of money. Making a deposit using online banking can be quite effective and quick option for some traders.
    Main Advantages Bank Transfer:
    • Banks operate all over the world;
    • Instant currency conversion;
    • The ability to use a non-cash payment;
    • Conversion of currencies automatically.


    Neteller is an electronic payment system created in 1999 that allows you to make and receive money transfers online around the world. Neteller currently supports 22 currencies and operates in more than 200 countries. It is the second most popular payment system after Skrill in the e-currency market. Two-step authentication and FCA license guarantee the security of transfers and bill payments.
    Main Advantages Neteller:
    • 22 currencies to choose from to create an account;
    • Free transfers between NETELLER accounts;
    • When transferring to Skrill, the commission is 1%;
    • Additional account in another currency;
    • Possibility to buy cryptocurrency;
    • Currency conversion with reduced fees;
    • VIP statuses with different privileges.


    UnionPay (CUP) is the only national payment system in China. This payment system was founded in China in 2002, the service operates in more than 150 countries. UnionPay competes with Visa and Mastercard in the global global market. UnionPay opens up great opportunities for savings in China and cooperation with global traders.
    Main Advantages UnionPay:
    • Versatility and breadth of use of maps throughout the world;
    • Fast way to pay for services and goods;
    • Currency of your choice such as MNT, USD and CNY;
    • Exclusive offers worldwide;
    • Additional VIP services;
    • Profitable non-cash conversion to yuan.

    How to open an account with a Forex Broker?

    After choosing a payment method and opening an account, you need to replenish the deposit for the amount provided by your account type and the terms of a particular broker. Some brokers provide the flexibility to manage your Forex account with a minimum amount of just $100. When replenishing your account, you should take into account that the withdrawal of profit in the future will be possible only in the way you made the replenishment.

    How long does it take to open a Forex Account?

    The account opening procedure takes 1 to 3 working days, depending on the broker’s terms. You will need to complete a simple form and attach documents confirming the identity and address of residence. After you register, in case of a delay in the specified period, contact the manager on the broker’s website. At the same time, you will receive a letter in the mail with your login and investor password of the created account.