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Forex Educational Service Provider of the Year

 

Overview

Forex education is an integral part of activities that a forex broker can offer its clients, and many forex brokers pay a lot of attention to providing the best. As a result of forex education, traders can get practical knowledge about trading tools, platforms, trends, strategies, leverage, and more.

 

 

Over the last year, it became apparent that forex education is influential to deliver marketing ideas through educational courses, and Forex educational programs are rightfully considered an effective means for forex brokers to attract new clients.

 

 

Forex education can be delivered in a variety of forms including:

  • Live and online seminars with professional coaches
  • Learning videos
  • Interactive materials
  • Tutorials, and much more.

 

One large advantage that forex education has, is that it covers new audiences, and it can be offered in various languages. Meeting all the educational demands that forex traders are far-reaching, and it helps to benefit from increased conversion rates and higher levels of retention.

One crucial issue that traders must understand during their education involves identifying market turning points before they occur. For this reason, among others, educational institutions see their mission in providing knowledge regarding the forex market in a transparent manner so that traders can be more knowledgeable when they approach forex trading.

While Forex-Awards.com has not yet chosen the Best Education Provider of 2021, some of the indicated strengths, sorted according to user votes, indicate the following as determining factors:

  • Trading strategies
  • Trading technics
  • Trading books
  • Software tutorials
  • Online courses
  • Forex articles
  • Webinars
  • Education center
  • Personal tutors

 

Some of the best forex brokers that can be considered some of the best education providers in the industry are discussed in the sections below, with their features and pros and cons indicated, helping traders identify the broker that can fulfill their trading needs and objectives more adequately.

 

Plus500

 

Overall Rating

4.9/5

Rated #55 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA

Crypto

Yes (Availability subject to regulations)

📱 Trading Platform

WebTrader

📈 Total Pairs

70

📊 Trading Fees

Low

🕒 Account Activation Time

Varies

🏛️ Visit Broker

 

Overview

Established in 2008, Plus500 is a reputable and regulated broker which has regulation and authorization in numerous jurisdictions.

Plus500 offers traders the opportunity to trade in numerous global markets by offering over 2,000 tradable financial instruments. These can be traded through Plus500’s innovative, advanced, user-friendly proprietary trading platforms.

Plus500 offers comprehensive trading solutions and competitive trading conditions to a great number of traders from around the world.

77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

Pros and Cons

✔️PROS ❌CONS
Well-regulated by numerous entities High inactivity fee
Multilingual support Withdrawal fees are charged, and withdrawal conditions are strict
Segregated accounts for client funds Limited payment methods supported
A large variety of financial instruments No choice between accounts or trading platforms
Low and competitive trading fees The desktop version of the trading platform is not available

 

Features

Feature Information
Regulation CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Minimum deposit from $100
Customer Support 4/7
Commissions from $0
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:30
Bonuses Yes

 

IG

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

IG has been in operation since 1974 and is a multi-regulated, reputable, and trusted STP, ECN, and DMA broker that offers the trade in more than 17,000 markets. IG is known for its selection of user-friendly trading platforms, and educational resources which assist traders.

The spreads that IG offers are tight, and commissions on trades are low, with trade execution speeds that are fast and reliable as a result of deep liquidity pools that IG uses.

IG is well-respected and has won several industry awards over the time that it has been in operation. In addition to this, the following are benefits of trading online using IG’s unique solutions:

  • Easy to use, with fast and powerful trading platforms, allowing traders to quickly identify and respond to trading opportunities.
  • The vast market range provides traders with a choice in financial instruments.
  • Fast and reliable trading speeds.
  • Range of training resources
  • Friendly, prompt, and expert support team which is available to help traders.
  • Personal service to ensure that traders are comfortable with the products.
  • Effective risk management helps traders protect their capital.

 

The educational material, resources, and tools that traders can expect from IG includes:

  • Interactive education includes infographics, video explainers, and quizzes.
  • Webinars and seminars are hosted regularly.
  • Practice trading
  • IG Academy mobile application
  • News and analysis
  • Trading strategies
  • Financial events
  • Trading glossary
  • IG Online community

 

Pros and Cons

✔️Pros ❌Cons
Strict regulation Islamic Account option offered but truly little information available on it
Powerful trading platforms supported High minimum deposit
A great variety of financial instruments offered
Competitive trading conditions
Variety of trading tools offered

 

eToro

 

Overall Rating

4.8/5

Rated #20 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySec, FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

47

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Features

eToro is the leading online social trading platform and a reputable trading broker which has been offering comprehensive trading services since 2006. eToro offers traders flexible methods to invest and a wide range of assets that can be traded, with the option of using copy trading.

eToro offers a multi-asset trading platform that is user-friendly and intuitive, offering a range of analytical tools to assist traders despite their experience level. In addition, eToro also supports the use of quick and easy funding methods which ensure quick deposits/withdrawals.

eToro also offers traders an eToro online community which allows traders to connect with others to view, compare, and discuss trading strategies. eToro has a dedicated trading academy that features a range of educational materials including:

  • Videos
  • Guides
  • Webinars, and more.

 

Some of the topics which are covered by the trading academy include:

  • Investing 101
  • Trading 101
  • How to buy and sell crypto
  • Stocks
  • Cryptocurrencies
  • Investing
  • Trading

 

Pros and Cons

✔️Pros ❌Cons
Well-regulated US clients not allowed
Client fund safety guaranteed Limited leverage for retail traders
Commission-free trading offered Fixed spread accounts not provided
The existence of a large online trading community
Demo Account and Islamic Account option provided
Leading social trading platform

 

AvaTrade

 

Overall Rating

4.8/5

Rated #1 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA

📱 Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

📈 Total Pairs

55+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

AvaTrade is a multi-award-winning and popular trading broker which has regulations in six different jurisdictions, offering traders access to more than 1250 tradable financial instruments spread across several asset classes.

AvaTrade provides traders from around the world with access to user-friendly trading platforms and some of the best trading conditions in the industry, including low fees, tight spreads, fast and reliable execution speeds, and excellent customer support.

Included in this offering, is the education that AvaTrade provides to traders, regardless of whether they are beginners or experts. AvaTrade has a large range of free educational material to provide traders with all that they need to refine their trading, including:

  • Videos
  • Articles
  • eBooks
  • Daily Markets
  • Webinars, and more.

 

The education provided by AvaTrade is beneficial to all traders and it is comprehensive in covering a range of trading topics including money management, risk management, trading platforms, trading strategies, technical and fundamental analysis, and more.

 

Pros and Cons

✔️Pros ❌Cons
Strict regulation through multiple No US Clients
Negative balance protection offered
Multiple awards obtained
Fast trade execution speeds
Fixed and tight spreads
Zero-commissions charged on trading
Variety of reliable, powerful trading platforms
AutoChartist offered
Social trading platforms offered
Hedging and scalping allowed

 

CMC Markets

 

Overall Rating

4.7/5

Rated #227 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, ASIC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

300

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Features

CMC Markets has been providing comprehensive trading solutions and services since 1980. CMC Markets is a UK-based Market Maker broker which offers the trade in more than 10,000 financial instruments through a series of sophisticated and versatile trading platforms, including:

  • Next Generation trading platform
  • MetaTrader 4
  • CMC CFD trading application

 

In addition to this, traders can expect a range of advanced trading tools which range from pattern recognition, module linking, chart forum community, client sentiment, and more.

The trading education that traders can expect with CMC Markets includes:

  • Trading videos cover a range of topics such as fundamental analysis, technical indicators, forex and CFD trading, spread betting, and more.
  • Trading guides which are lessons on forex, crypto, and CFD trading.
  • Trading webinars are scheduled twice a month.

 

CMC Markets offers traders a choice in trading accounts that feature competitive trading conditions. Traders can expect to start trading EUR/USD with spreads from 0.7 pips with commissions that start from 0.1% on shares.

 

Pros and Cons

✔️Pros ❌Cons
Strict regulation US Clients, Belgium, and a few others not accepted
Client funds kept in segregated accounts Spreads have mark-up
Member of the FSCS Fixed spreads not offered
Powerful platforms offered such as Next Generation and MetaTrader 4 Copy-trading not supported
Innovative platform-tools offered
No minimum deposit requirement when registering a live account

 

XM

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

Features

XM is a multi-regulated and multi-award-winning Market Maker broker which has been in operation since 2009. XM is one of the largest, most established brokers with more than 2.5 million traders from 196 countries around the world.

XM is well-known for offering competitive trading conditions, tight spreads, fast trade execution, low commissions, a range of trading accounts, and negative balance protection which is automatically applied to all accounts.

XM offers the trade in more than 1,000 tradable financial instruments through:

  • MetaTrader 4
  • MetaTrader 5

 

The trading tools that XM offers traders are tailormade to the various needs and objectives that both beginners and professional traders have. These tools are fully automated and allow traders to perform technical analysis across multiple instruments as well as charts, helping traders identify the best trading opportunities.

In addition to this, XM also offers a range of helpful educational materials which can be accessed through the research and education center, including daily market updates, economic events, tutorial videos, webinars, seminars, and more.

The section is updated frequently by 20 multilingual market professionals who provide a diverse library of information to assist traders. The educational videos that traders can expect include topics such as:

  • Introduction to the markets
  • Trading essentials
  • Fundamental and technical analysis
  • Money management, and more.

 

XM also offers Live education with a basic and advanced online educational room which allows traders to learn the fundamentals of trading. XM offers its own expert instructors who cover strategies for various trading sessions, and they also answer questions in real-time.

 

Pros and Cons

✔️Pros ❌Cons
Strict regulation No US Clients
Negative balance protection offered Fixed spread accounts not offered
Competitive trading conditions

 

XTB

 

Overall Rating

4.6/5

Rated #69 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FCA, CySEC, IFSC, KNF

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XTB

 

Features

XTB is one of the most popular, largest, and most reputable STP, ECN, and DMA brokers in the world. Established in 2004, XTB is a stock-exchange listed CFD and forex broker and provider which is regulated in several jurisdictions.

XTB is well-known for its advanced and user-friendly trading platforms, range of trading instruments, and competitive trading conditions. XTB offers traders, both beginners, and professionals with a range of useful trading tools that help them identify the best trading opportunities, refine their trading, and grow to become successful forex traders.

In addition, XTB is also known for its comprehensive range of educational materials that help traders reach their trading goals, including:

  • A comprehensive trading academy and dedicated education area have an array of content that helps traders refine their trading.
  • Trading articles that cover a range of subjects.
  • Live webinars are scheduled frequently.
  • Dedicated support
  • Market news, and more.

 

Pros and Cons

✔️Pros ❌Cons
Strict regulation No US Clients
Competitive trading conditions Restricted leverage for EU-clients
Negative balance protection offered Fixed spread accounts not offered
Variety of financial instruments offered
Standalone Islamic Account offered

 

FAQ’s

 

Why is forex education important?

Throughout their life, people do not stop learning and the forex market is one that experiences frequent, rapid changes and development. Forex education ensures that traders are kept up to date and it provides them with the information and knowledge that they need to make informed decisions.

 

What classifies forex education?

Forex education comes in many shapes and forms including webinars, video lessons, infographics, tutorials, eBooks, and more.

 

Is forex education only for beginners?

No, forex education can be used by traders with all levels of experience.

 

Do these forex brokers offer education for both beginners and professionals?

Yes, these forex brokers are some of the best in offering education to traders despite their level of experience.

 

Why are awards important to forex brokers?

Awards that forex brokers have won instill trust and it shows traders that the broker makes a concerted effort in certain areas.

 

Are these forex brokers regulated?

Yes, these forex brokers are well-regulated by reputable entities.

 

Why should you only use regulated forex brokers?

Regulation means that traders are safeguarded and that these forex brokers will fulfill their financial obligations and provide a fair, safe trading environment for all traders.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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