Saturday, 19 March 2011

Forex Brokers

Forex Brokers
Finding the right Forex broker among hundreds of the on-line firms isn't an easy task. That's why EarnForex offers a full set of tools that allow finding, comparring and researching all the important on-line trading brokers.

PayPal Forex Brokers

A list of Forex brokers that support PayPal payment system as an option for funds deposit/withdrawal. PayPal is a convenient on-line payment system that is widely accepted in U.S., Canada and United Kingdom. Forex brokers that accept PayPal deposits often are good-standing companies, which you can trust.


PayPal is an electronic payment, storage and money transfer method that is operated by PayPal Inc., which is owned by eBay Inc. Founded in 2000 PayPal was one of the first and currently is one of the most popular on-line services for money transferring. Although there is account balance associated with each PayPal account, PayPal doesn't employ virtual currency units (unlike Liberty Reserve or WebMoney), remaining a pure payment system.
PayPal accounts are anonymous and are based on the customer's e-mail address. But the credit card is required to add the funds into the balance or send payments to other customers.
PayPal charges fees for receiving funds and for withdrawing funds from the account balance to the bank accounts outside U.S. The sender of the funds doesn't pay any fees if transfer occurs only inside the payment system.
PayPal is a convenient electronic payment system to use with the Forex brokers. Because all payments are instant, you can use your credit card without exposing it to anyone except PayPal and there are enough various brokers that accept PayPal for funding purposes. Unfortunately, PayPal doesn't allow residents of certain countries (the majority of the countries) to accept PayPal payments, making it useless to the Forex traders from such countries.

WebMoney Forex Brokers

A list of Forex brokers that offer WebMoney electronic payment system as the method to deposit/withdraw funds to/from trading account. WebMoney Forex brokers allow their customers to use this secure, fast and low commission e-currency system to make customers' Forex experience less burdened with secondary matters.


WebMoney is an electronic currency system operated by WM Transfer Ltd. There are several e-currencies circulating in this system, with the most popular being - WMZ (equals to $1 U.S.), WME (equals 1 euro) and WMR (equals 1 Russian ruble).
WebMoney utilizes several methods for their customers to access system accounts - WebMoney Keeper Classic (the most secure and fully functional access with highly sophisticated software), WebMoney Keeper Lite (less secure, but still protected access - via Internet browser). Other methods are available but are rarely used. WebMoney can boast more than 100 million dollars daily turnaround funds and millions customers around the world. Though, WebMoney started as a Russian payment system, it is now became an internationally popular e-currency system with a large number of representatives in all over the world and the developed deposit/withdrawal system.
WebMoney is a highly secure on-line payment system, offering security through the special protected key-files - even if your password is hacked your funds are still secure. While generic WebMoney accounts are anonymous, money withdrawal transaction involve personal identification. These ways make WebMoney far more secure than Liberty Reserve, PayPal or any other on-line payment system.
WebMoney is a good alternative for those Forex traders which search for fast, secure and easy-to-use method to fund their accounts without the troublesome worries with credit cards or bank wires. Many Forex brokers support WebMoney as the deposit/withdrawal option. Here is a short list of recommended Forex brokers supporting WebMoney.

Oil Trading Forex Brokers

An assorted list of Forex brokers that provide all traders with the opportunity to trade oil and sometimes other types of commodities. Oil price is strongly connected to the currency rates, that's why the oil market often brings a good chance to the Forex traders to increase their usual profit.

Gold Trading Forex Brokers

This category features a list of those Forex brokers that offer not only currency trading services but also an opportunity of the gold trading, allowing the traders to monetize their gold and other precious metals (silver, platinum) forecasts. Although the spread for gold trading is usually high and leverage — low; it's good to be able to trade it when you have an appropriate trade idea

Muslim Forex Brokers

A list of Forex brokers that are friendly to Muslim Forex traders, allowing them to open the accounts without overnight interest (no Riba accounts). Such brokers can be very useful for traders from Iran, Saudi Arabia and other countries of Middle East.

Forex Brokers with Web Based Platform

A list of on-line Forex brokers that fully support Forex trading purely in the Internet browser window, without installing any trading software. This allows trading from almost any place that has a computer and doesn't require any additional software installation. Browser based Forex brokers usually offer Java and Flash trading platforms that run in the browser smoothly and securely.

Forex Brokers with CFD Trading

A list of Forex brokers that support CFD trading. CFD — a Contract for Difference — special contract that allows traders to earn money on the price (stock, commodity or other) falling or rising, without buying any stock or commodity. CFD is a great way to try stock trading and is usually supported by MetaTrader 4 Forex Brokers.

MetaTrader Forex Brokers

A list of Forex brokers that support MetaTrader 4 Forex trading software as a primary Forex trading platform. MetaTrader 4 offers Forex traders a very flexible trading environment including Forex trading automation with MT4 expert advisors. Almost all presented MT4 brokers offer easy account opening procedure and accept on-line payment methods. Some of these MT4 Forex brokers are already offering MetaTrader 5 platform for demo accounts.

ECN Forex Brokers

A list of ECN Forex brokers that provide Forex traders with a direct access to the other Forex market participants — retail and institutional. This results in some advantages — no anti-scalping, no «stop-loss hunting», very low spreads; and disadvantages — ECN brokers charge commissions for Forex trading. ECN stands for Electronic Communication Network and means a network of traders connected via the broker.

Moneybookers Forex Brokers

A list of Forex brokers that support Moneybookers payment system as an option for funds deposit/withdrawal. Moneybookers is a popular British electronic payment system that is acceptable world-wide. It is regulated by Financial Services Authority in United Kingdom. Brokers accepting this payment system confirm their valid bank account details and the physical location.


Moneybookers is a British electronic payment, storage and money transfer system that is operated by Moneybookers Ltd., which is owned by Investcorp Technology Partners. Moneybookers was founded in 2001 and by its functionality is a competitor of other popular payment system PayPal. Like PayPal, Moneybookers doesn't offer any electronic currency, but the account balance can be uploaded and is measured in the common currency units.
Moneybookers requires mandatory account owner verification, which can be done via confirming the credit card, the bank account or the physical address. All three methods can be used together to increase the transfer limits that are active for all customers.
Moneybookers charges fees for sending the funds, which is usually quite convenient for the sellers and providers of the various paid on-line services.
Moneybookers is less popular in the world than PayPal or WebMoney, but is a convenient electronic payment system to use with the Forex brokers. It's a secure payment system that isn't anonymous and complies with the British anti-fraud laws. Unlike PayPal, Moneybookers is fully available to the residents of almost all countries in the world, making it potentially more widespread system.

Liberty Reserve Forex Brokers

This list of Forex brokers includes only those on-line companies that accept Liberty Reserve as one of the available payment methods. Liberty Reserve Forex brokers provide their traders with an easy-to-use, fast and private way to deposit funds into a trading account as well as to withdraw the profit back from it. Liberty Reserve is popular among many non-U.S. Forex traders and is very secure.


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