Forex CFD Brokers

Forex stands for Foreign Exchange. Forex trading is when you sell one currency to buy another. Although this is something most people have to do, e.g. when they travel to a country that uses a different currency, large-scale forex trading is done for profit and it involves speculating about the future price of different currencies. If you’re ready to join the largest market in the world, check our reviews to find the best forex trading platforms for your money.

Pip stands for Percentage in Point. It’s a standardised unit referring to the smallest possible price change in a currency pair. For most pairs, the pip is fixed at 0.0001, which means that a one-pip move equals to a price change of 0.0001.

Forex trading is very similar to buying currency before you travel, except you’re doing it for profit by speculating about price fluctuations. Forex trading is done in pairs, e.g. in the GBP/USD pair, GBP is the base currency and USD is the quote currency. If the pair’s exchange rate is 1.37, you need $1.37 to buy £1. If you decide to try forex trading, it’s important to pick the right platform and Brokerage Compare gives you an overview of the best forex trading brokers to choose from.

The single most important determining factor when picking a broker is whether they’re regulated. Brokerage Compare reviews and comparison tables only include regulated brokers and provide you with a breakdown of their services and fees to help you find the best forex brokers for your individual circumstances.