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Top 11 Forex Brokers with Negative Balance Protection in 2022

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We’ll go over the top Eleven (11) Forex Brokers with Negative Balance Protection in 2022 in this article. on xcoinshall

To trade FX, you’ll need a reputable online forex brokers. To succeed in the global currency markets, you must trade with a trustworthy forex broker.

 

As a contract for difference (CFD) trader or forex investor, you may have specific platform, trading tool, or research requirements.

Knowing more about your investment style preferences might help you decide which among the forex brokers is best for you.

 

Every year, the ForexBrokers.com team spends five months putting the finest forex brokers to the test and developing a list of the best forex brokers for trading forex and CFDs. The following are our forecasts for the year 2022.

Brokerage businesses use negative balance protection as a preventative strategy to protect their customers.

In the case that a trader’s account goes into negative balance during trading activity, it assures that the trader does not lose more money than he or she has placed.

 

 

In trading, what is Negative Balance Protection?

Negative balance protection means that even if markets move quickly against you, your account will not go negative.

This is especially important for new traders who aren’t acclimated to the speed with which markets move during announcements, market openings, or normal market volatility.

Negative balance protection safeguards traders against losing more than their account balance, even if the market moves quickly or gaps. Negative balance protection is not a product of ours; it is a legal right granted to you as a trader.

Is it possible to trade with a negative balance?

Even if your trading activity results in losses more than the amount you’ve deposited, your account will never go negative, protecting traders from owing a negative balance to their broker.

Is Negative Balance Protection Available in MetaTrader 4?

Negative Balance Protection is a MetaTrader 4 plugin that shields the broker from the consequences of a trader’s balance dropping below zero by resetting the negative balance of the account to zero.

 

Negative Balance Protection List of the Top 11 Forex Brokers

 

1. The XM Group

Traders can choose from a wide range of assets, and XM Group is regulated by some of the industry’s most recognized financial organizations.

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Link To Brokers Website

 

 

2. OctaFX

OctaFX is among the forex brokers that provides traders with two trading platforms: STP (straight-through processing) and ECN (electronic communication network) (Electronic Communication Network). Both systems can be utilized on a desktop, laptop, or mobile device.

OctaFX accepts all common payment methods, including bank wire transfers, Skrill, major debit and credit cards, and UnionPay, and the broker provides a number of benefits, including ease of use and reliability, as well as a free 50% bonus with every transaction.

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Link To Brokers Website

 

 

3. International Capital Markets is abbreviated as IC Markets.

IC Markets, which was founded in Sydney, Australia in 2007, is regulated by the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority.

(FSA). IC Markets is a popular alternative for high-volume traders, scalpers, and trading algos, offering services and features that are suitable for both novice and professional traders.

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4. Option IQ

Option IQ is among the forex brokers in our list.  IQ Option was founded in 2013 and offers two accounts to all traders, regardless of their level of experience or trading balance.

The ordinary trading account has a $10 minimum deposit and offers all of the trading tools that a trader would require, making it a good choice for beginners.

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Link To Brokers Website

 

 

5. Index Cities

Traders can trade in over 12,500 products and over 100 currency pairs using the well-known MT4 forex trading platform.

City Index is an online broker that was founded in 1983 and offers trading in Forex, CFDs, and Spread Betting. City Index also offers Android and iOS apps for mobile devices.

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6. FXPro

FXPro is an online broker founded in 2006 that offers Forex, stock trading, spot indices, futures, spot metals, and spot energy trading. FXPro is a multibillion-dollar broker based in the United Kingdom. it’s one of the best forex brokers for trading.

Read Also: What is Leverage in Forex for Beginners | How to Calculate Leverage

 

7. AvaTrade

AvaTrade is an online broker that offers Forex, CFDs, Spread Betting, and Social Trading. It was founded in 2006.

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Link To Brokers Website

 

8. HotForex

The HotForex MT5 terminal has 21 different periods, superior analytical tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging, and one-click trading, as well as trading across HotForex asset classes, 80+ technical indicators, and an in-built economic calendar.

Read Also: How to Become a Forex Trader in Nigeria

Link To Brokers Website

 

 

9. eToro

eToro is a CFD and Social Trading broker established in the United Kingdom. Its headquarters are in Cyprus, and it was first published in 2006.

CFDs and Social Trading are the two trading forex brokers alternatives available to eToro users. Traders on the eToro platform must make a minimum deposit of $200, and the platform may accommodate traders of all experience levels.

Link To Brokers Website

 

10. Plus500

Plus500 is a global online CFD provider that first opened its doors in 2008. It allows traders to trade CFDs.

To get started, Plus500 traders must make a minimum deposit of $100, with the option to sign up for a demo account.

Traders can trade in over 2,800 products and CFDs using a user-friendly proprietary trading platform that is also available as a browser-based web application.

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Link To Brokers Website

 

11. FXPrimus

FXPrimus is a multinational broker based in Cyprus that specializes in Forex and social trading. It was founded in the year 2009.

Forex trading is a lucrative business, but it is also fraught with danger. The first step a trader must make in this industry is to secure negative balance protection and choose a brokerage firm that offers this service. If you do it this way, you’ll nearly certainly succeed.

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Link To Brokers Website

We hope that this article will be useful in guiding you through on Top 11 Forex Brokers with Negative Balance Protection in 2022.

 

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