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A legitimate wiki for FXAbout 88 Forex Brokers

Risk warning

Forex and CFDs are leveraged products. Most retail accounts lose money.

Leverage

Leverage lets a small deposit control a large position, and losses scale exactly as gains do. A move of one percent against a position at 1:100 leverage is a loss of the whole margin. Between 60 and 80 percent of retail investor accounts lose money when trading CFDs with the brokers that publish the figure.

Negative balances

Without negative balance protection you can lose more than you deposited. Whether it applies depends on the licence your account is opened under, which is why the licence is the first thing on every profile here.

This site

Nothing on this site is investment advice or a recommendation to trade. It is a record of what brokers publish and what regulators register, for you to check before you decide.

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