Forex Broker: FXD24  

FXD24 is an Online Forex Broker, who provides his services since 2007. Compared to US brokers this broker allows hedging and a leverage of up to 1:500. With FXD24 you can open an account from just 10$.

Special Feature:

ECN/STP accounts from 500$/€ only. Scalpers wanted!

	Open a free demo account with FXD24 and start to trade forex!
Official website	FXD24.com
Min. Deposit	10 $
max. Leverage	1:500
Spread type / Spread EUR/USD	variable from 2.9 pips
Number of currency pairs	29
Commodities	Gold
Cent Accounts	Yes, from 10$
min. lot size	0.01 lot also for ECN/STP
Software (platform)	Metatrader 4
Demo account / Online Support	Yes / Yes
Webtbased platform / Mobile platform	No / No
2 minutes only:	Open a free Demo account with FXD24!

Terms for chhoosing a broker

Minimum Deposit Size

The minimum Deposit size ist he minimum amount of money which has to be transferred to the account for trading. The accounts can be held mostly in USD or EUR but also in many other currencies.

Max. Leverage

The maximum Leverage is the maximum “multiplier” for trading Forex. So you can buy with only 200€ and a leverage of 1:200 any other currency pair amounting to 40,000€.

Cent Accounts

Cent accounts are accounts which are held in cents. That means if you depostit 100$ for instance into a cent account you will see 10000 units in your metatrader. The advantage of this accounts is that you can work with your money as if it was an account with a balance of 10,000$. This can be very useful especially if you trade with Expert Advisor. Let’s take our EA’s from the Matrix line (Matrix Artificial Intelligence and Matrix Professional). The minimum capital for trading with these EA’s would just 500$ be instead of 5,000$! And if you open an account using a link on our website you can choose any EA from our own range EA’s and will get it for your account for free.

Min. Margin

The minimum margin is the reciprocal value of the leverage. The margind is the amount in per cent which has to stand by for the broker (in upper example 40,000€) with a certain leverage (example 1:200) for trading of this order. In our example 200€ are exactly 0.5% by an order size of 40,000.

Available currency pairs

The number of available currency pairs for trading can be very different with different brokers. Furthermore many Forex brokers do offer the possibility to trade with gold, silver and crude oil.

Minimum Lot Size

The minimum lot size shows smallest trade size with which you can enter the market. If you have for instance a leverage of 1:200 and a minimum order size of 10,000 you need at least 50 units of the account currency (for instance Euro or Dollar) to enter the market. Calculation: 1:200 leverage times 50 units is equal to 10,000 currency units.

Web-Trader

A Web Trader is a browser based trading platform offered additional by many brokers. With such a platform you can log in to your account for trading like with an online banking platform.

Software

Many brokers offer special trading software for trading. The most software is still offered for the operating system Windows but there many JAVA based software on the market. This software runs with Windows, Mac and Linux.

MT4

We recommend to all beginners to start to know the platform Meta Trader first. Meta Trader has a great image on the Forex market for several years since it is very professional and is gladly used by ambitious traders. Meta Trader can be used with a special programming language so that you can program your own chart analyzing tools (indicators, oscillators) or automated trading systems (trading robots).

More Forex Terms in our Forex Glossary