Best Forex Broker for Long Term Trading
- What Is Long-term Trading?
- Best Forex Long-term Brokers
- Trading vs Investing
- What Is Considered a Long-term Broker?
- Long-term Trading Brokers List
What Is Long-term Trading Broker?
Long-term Trading, also known as position trading, is a trading strategy in which traders hold a position for an extended period of time, or also is a form of long-term investment. Yet, Making long-term investments requires good research on the part of the investor.
- Most Forex Brokers and platforms offer long-term trading. Each broker has a certain set of conditions and offerings, so some might be more suitable for particular need including asset availability and most important how reliable Broker is along time.
- For this note we advise selecting only the biggest and most safe Brokerage companies with multiple regulations and good record over the years to keep investments safe
Read about Long Position via Wikipedia
💻Long-term Trading | Strategy with a long time-frame or Buying Position |
📈Trading Instruments | All, as offered by the Broker |
💰 Fees | Based on Broker, Better Commission Based |
What is Long-Term Trading Platform?
Mainly it is about Broker choosing for Long Term Trading, selecting the most suitable and reliable one and then seeing the Trading Paltform offering. It is important to check brokers for available assets and conditions before deciding on choosing one according to your preferences.
See our notes about Long Trading below:
- Long Term trading is also known as Trend trading – where it is essential that a certain asset is showing steady growth or fall, known as the main trend, while there is no need to follow and slight fluctuations happening on a daily basis. But it is important to pay attention to the overall growth or fall of the particular asset, remaining focused on possible Trend reversal only.
- Besides, Long Postion is known as Buying position, which is the opposite of Shorting or Selling Trading startegy
- However, if you decide to engage in long-term investment, patience is needed since long-term trading can last anywhere from a few weeks to several years.
- Position traders mainly rely on fundamental analysis since they are more concerned with the future outlook of the investment, so it is essential to conduct good research before investing or long-term trading and make sure whether the asset is worth it. The profits are not instant, they generally come after months of investment.
- Overall, we would advise to pay attention to these main aspects while choosing a broker for Long Trading: trading platforms, available assets (some instruments might be not the best for Trend or Long-term trading due to high volatility, typically Stocks and Indices are the Best for Long term), funding methods, fees, and commissions, customer support, etc.
Advantages | Disadvantages |
---|---|
Does not require daily trading/ Less Time Trading | Typically demands Higher Investment |
In some cases - Earning dividends | Profits are not instant |
Lower risks | Requires very reliable Broker |
Less-Stressfully compared to Day Trading | Might be not suitable for All Instruments |
Less trading fees | Needs deep research |
Saves Taxes |
Top 5 Best Forex Brokers for Long-Term Trading
Here is the selection of the Best Forex Long-term Trading Brokers that we consider as a trustworthy and good match to keep your investments safe and working properly along the time:
- HFM — Best Broker for Long-term Trading Overall 2024
- BlackBull Markets — Best Long-term Trading Broker with Lowest Spreads 2024
- FP Markets Best MT4 Long-term Trading Broker 2024
- Eightcap – Best Long-term Trading Platform Broker 2024
- BDSwiss Bets Long-term Trading Broker for Beginners 2024
Trading vs Investing: Which is Better for Long-term Goals?
Trading requires everyday time investment and instant decisions to make, while long-term investments rather make long-term decisions, looking for reliable assets and just following up upon open trade, which is less time-consuming and in some cases “easier”
What is Considered Long-term Trading?
Long Term Trading is considered when a position is held for a long time from a few weeks to a few years. Long-term investing is a popular strategy for people who want to diversify their portfolios. There are three common types: stocks, bonds, or forex investments, which can all last years based on the strategy you follow.
What is the Difference between Intraday and Long-term Trading?
Long-term trading aims to make a profit by holding on to a position over a longer period of time, while intraday trading requires a trader to buy and sell shares frequently over a course of the day.
List of Brokers suitable for Long-Term Trading
This is our full list of Regulated Trading Brokers suitable for Long Term trading that are reviewed and tested by us:
Broker | Detail | |
---|---|---|
HFM |
Min. Deposit: 0 US$ Max. Leverage: 1:2000 Trading Platforms: MT4, MT5, HFM Trading App Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA |
1
|
BlackBull Markets |
Min. Deposit: 0 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, cTrader, BlackBull Trade, Trading View Regulation: FMA, FSA |
2
|
FP Markets |
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: IRESS, MT4, MT5, cTrader Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA |
3
|
Eightcap |
Min. Deposit: 100 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5, TradingView Regulation: ASIC, SCB, CySEC, FCA |
4
|
BDSwiss |
Min. Deposit: 10 US$ Max. Leverage: 1:400 | 1:2000 Trading Platforms: MT4, MT5, BDSwiss Webtrader, and BDSwiss Mobile App Regulation: FSC, FSA, FSCA, MISA |
5
|
GO Markets |
Min. Deposit: 0 US$ Max. Leverage: 1:30, 1:500 Trading Platforms: MT4, MT5, cTrader, WebTrader Regulation: ASIC, CySEC, FSC, FSA |
GO Markets Review |
Errante |
Min. Deposit: $€50 Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4, MT5, cTrader Regulation: CySEC, FSA |
Errante Review |
Pepperstone |
Min. Deposit: 200 US$ Max. Leverage: 1:30 to 1:400 Trading Platforms: MT4, MT5, cTrader, TradingView Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN |
Pepperstone Review |
SquaredDirect | SquaredFinancial |
Min. Deposit: $250 Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4, MT5, Mobile App Regulation: CySEC, FSA |
SquaredDirect | SquaredFinancial Review |
FXCC |
Min. Deposit: No minimum deposit Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: CySEC, SVG FSA |
FXCC Review |