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Forex News and Education

Ready to start trading forex? Check out CedarFX, FOREX.com and IG Markets to get started.

Recent News

EUR/USD Barely Clinging Above 1.04

EUR/USD Barely Clinging Above 1.04

June didn’t work out to be a great month for EUR/USD. At the time of writing, the single currency looked on course to end the month down by 2.62% against the US dollar. May’s gains in hindsight look more like a cadaveric spasm than a serious promise of retracement or reversal of EUR/USD’s monumental fall this year. read more
Economic View Of The Australian Dollar

Economic View Of The Australian Dollar

As fears that a recession is just around the corner for the US, some economists are warning that Australia could follow suit.  Some, however, remain bullish on the Australian economy due to high household savings, strong commodity exports, accommodative government stimulus and a robust pipeline of residential building constructions.  read more
EUR/SEK: Looking For More From The Riksbank

EUR/SEK: Looking For More From The Riksbank

What can the Riksbank do to really shake things up for EUR/SEK? It could raise interest rates by less than 50 bps on Thursday, which would likely see EUR/SEK rise dramatically, but that seems unlikely. All 16 economists recently polled by Reuters expect the Swedish central bank to raise interest rates by 50 bps and interest rate markets are fully pricing in just such a move. read more

China Considers Extending Trading Hours for Onshore Yuan

-Reuters https://www.reuters.com/article/china-yuan-trading/china-considers-extending-trading-hours-for-onshore-yuan-sources-idINP8N2X500O read more
Explained: Russian Ruble Hits Strongest Level In 7 Years Against US Dollar Despite Western Sanctions

Explained: Russian Ruble Hits Strongest Level In 7 Years Against US Dollar Despite Western Sanctions

Withstanding severe western trade sanctions against Kremlin, the Russian Ruble has hit a seven-year high against the U.S. dollar. read more
Japanese Yen Might Change the Trend

Japanese Yen Might Change the Trend

By RoboForex Analytical Department At the beginning of the new week, the Japanese yen against the US dollar is consolidating but looks quite weak yet. read more
EUR/USD flounders post Fed

EUR/USD flounders post Fed

EUR/USD managed to make a gain in May, after four consecutive months of declines, but thus far June has proven to be a bad month in terms of performance. After opening at 1.07322, the pair hit a low of 1.03593, to recently trade near 1.0452. read more

Compare Forex Trading Platforms

get started securely through CedarFX’s website
Disclosure: CedarFX is not regulated by any major financial agency. The brokerage is owned by Cedar LLC and based in St. Vincent and the Grenadines.
Account Minimum
$50 USD
Pairs Offered
55
1 Minute Review

Billing itself as the world’s 1st eco-friendly broker, CedarFX makes it easy to trade and give back to the planet. You can choose a 0% Commission Account or an Eco Account — or open multiple accounts to meet all your needs. 

CedarFX offers access to a wide range of tradable securities, including stocks, futures, major and exotic forex pairs, cryptocurrencies and more. Though CedarFX could introduce a few additional educational resources, the broker remains a unique option for traders invested in giving back.

Best For
  • Forex investors
  • Investors interested in 0% commission or eco conscious trading
  • Investors looking for 24/7 customer service
Pros
  • Allows users to offset their carbon footprint
  • 0% commission investing
  • Offers demo account access
  • 24/7 customer service available through live chat
  • Eco Account Option (10 trees planted for each lot traded)
  • Fast deposits/withdrawls with Bitcoin
Cons
  • Limited number of educational resources for new investors
get started securely through FOREX.com’s website
Account Minimum
$100
Pairs Offered
80+
1 Minute Review

FOREX.com is a one-stop shop for forex traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.com is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While FOREX.com is impressive, remember that it isn’t a standard broker.

Best For
  • MetaTrader 4 users
  • Beginner forex traders
  • Active forex traders
Pros
  • Impressive, easy-to-navigate platform
  • Wide range of education and research tools
  • Access to over 80 currencies to buy and sell
  • Leverage available up to 50:1
Cons
  • Cannot buy and sell other securities (like stocks and bonds)
get started securely through IG Markets’s website
Account Minimum
$250
Pairs Offered
87
1 Minute Review

IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs. The broker only offers forex trading to its U.S.-based customers, the brokerage does it spectacularly well. Novice traders will love IG’s intuitive mobile and desktop platforms, while advanced traders will revel in the platform’s selection of indicators and charting tools. Though IG could work on its customer service and fees, the broker is an asset to new forex traders and those who prefer a more streamlined interface.  

Best For
  • New forex traders who are still learning the ropes
  • Traders who prefer a simple, clean interface
  • Forex traders who trade primarily on a tablet
Pros
  • Easy-to-navigate platform is easy for beginners to master
  • Mobile and tablet platforms offer full functionality of the desktop version
  • Margin rates are easy to understand and affordable
  • Access to over 80 currency pairs
Cons
  • U.S. traders can currently only trade forex
  • Customer service options are lacking
  • No 2-factor authentication on mobile
Get started securely through Pepperstone’s website
Account Minimum
AUD$200 or equivalent
Pairs Offered
60+
1 Minute Review

Pepperstone is an Australian broker focused on providing international forex, CFD and cryptocurrency trading. Though U.S. traders currently cannot open an account with Pepperstone, the broker remains an affordable and comprehensive option for international traders. 

Pepperstone offers traders access to over 61 forex markets, over 60 CFDs for index funds and stocks and 5 cryptocurrencies. Leverage options with Pepperstone are extensive; you may qualify for up to 500:1 leverage when trading currencies and up to 5:1 leverage when trading cryptocurrencies, for example.

There are a few areas where Pepperstone can afford to improve. We’d love to see Pepperstone add its own trading platform in the future instead of relying entirely on 3rd-party platforms. We’d also love to see direct stock and fund purchase options in the future. Despite these flaws, Pepperstone remains a very strong choice for international traders.

Best For
  • International traders interested in trading CFDs from foreign markets and currencies
  • Traders who are already familiar with the MetaTrader or cTrader platforms
  • Traders who are looking for leverage when trading cryptocurrencies
Pros
  • Access to over 61 forex pairs and over 60 stock CFDs
  • Leverage available for both forex and cryptocurrency trading
  • Wide range of educational tools and courses that both beginners and experts can use
  • 24/7 customer service
Cons
  • Not currently available to U.S. traders
  • No option to purchase stocks, bonds or mutual funds directly; only CFDs are available