Which Forex Broker should I use?

Choosing a Forex Broker can be a daunting task, so if you’d rather get in touch with us to help guide you through the process, simply drop us an email at info@phoenixtrading.net and we’ll be glad to help you out and get you started.

The broker you choose is entirely up to you, but we do have the following requirements:

  • The account should have variable spread
  • The account you choose should have an average spread on EURUSD of less than 1 pip (the lower the better)
  • The account should have a leverage of at least 1:200
  • The account should allow micro lot trading (0.01 lots)
  • The account should not have FIFO restrictions, and should allow hedging

We recommend the following brokers:

ICMarkets (Raw Spread Account) – https://www.icmarkets.com/au/en/open-trading-account/live

AxiTrader (MT4 Pro Account) – https://www.axitrader.com/?page=A000005&promocode=866921

Comment on this FAQ

Your email address will not be published. Required fields are marked *