Did you know that some forex brokers pay interest to traders？Interest is mainly paid in the form of margin.。From InstaForex to Saxobank, here are some Forex brokers that traders are interested in。

In forex trading, we as traders need brokerage services to connect our trading with the currency market。Therefore, the funds we want to invest must be deposited or entrusted to a broker before they can be traded in the market。In this case, some brokers offer to pay interest on the funds deposited by the trader。Unlike interest granted by commercial banks, brokers pay interest in a non-tradable manner。

In other words, the broker will only give interest on the funds that the trader did not trade that day, which is called margin interest or balance interest.。The amount of interest paid to the trader is usually annualized (APR / per annum), but it is calculated and paid on a monthly basis。

For traders, this feature is very interesting because some of them will not use all their deposits immediately, which means that a part of their balance will be idle and will not grow unless they use it to trade。But as interest increases, traders can make a profit even if they don't trade。

However, only a few brokers offer such services, so you must choose your broker carefully if you want to get this offer。This article will help you determine which broker is better for you。

1. LiteForex

LiteForex has been one of the most popular brokers since its inception in 2005。In general, the broker offers three types of trading accounts: classic accounts, ECN accounts and cent accounts, but only gives interest on the balances of classic and ECN trading accounts。On the classic account, LiteForex has an annual interest rate of 3.5%; while on ECN accounts, a maximum of 7.5% Commission。However, Classic and ECN account holders who opt for the overnight interest-free (Islamic account) option will not receive interest.。

In addition, interest will be given on the remaining funds or untraded funds。Automatically check account status at 23: 59 (GMT + 3) using LiteForex software to collect data on customer funds not traded on the day。The amount of interest earned by the customer per day will be calculated using the following formula:

Daily percentage (%) = (customer's remaining funds) interest rate / 100 / 360

The total interest earned daily throughout the month will be paid by LiteForex on the last day of each month and deposited into the customer's balance under the "IR" tab。

2. InstaForex

InstaForex is an international broker offering trading services to traders worldwide。Since its inception in 2007, InstaForex has served up to 7 million traders from various countries.。InstaForex, headquartered in Kaliningrad, Russia, is always committed to improving the quality of the company in order to attract the hearts of customers。

InstaForex's efforts are there for all to see, and one of them is winning various awards, including the 2018 Best Forex Cryptocurrency Trading Platform from the UK Forex Awards, the 2018 Best ECN Broker in Asia from IBM, the 2018 Eastern European Forex Broker of the Year Award from Lee, the 2016-2017 Financial Olympus Fonti Award, Development Award and Success Award, among others.。

InstaForex offers 4 types of accounts that represent a common trading tool that helps to operate on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard and Cent.Eurica。The type of trading account varies depending on the method of calculating spreads and commissions and is selected by the account opening trader。

Insta.Standard accounts are linked to standard trading terms on the Forex market and allow trade settlement using classic spreads with no fees。Traders are charged a fixed spread every time they make a trade, with a spread range of 3-7 points。The main advantage of this type of account is its versatility, as the trader can change the trading leverage and use the convenient trader's deposit size。

with Insta.Standard account is different, Insta.The Eurica account does not need to pay any spreads when opening positions.。Therefore, such InstaForex account is suitable for a minimum trading volume of 0.01 hands of a beginner trader。

InstaForex also has other types of accounts, namely Cent.Standard and Cent.Eurica, available for beginners because they can use the smallest trading volume, which is 0.0001 lots (cost per lot is 0.1 cent)。The deposit currencies available to traders are EUR and USD (for all types of accounts)。

Trading at InstaForex is taken for granted as traders can choose to trade with leverage between 1: 1 and 1: 1,000。Since the minimum initial deposit requirement is only $1 (for all types of accounts), InstaForex customers have the opportunity to receive a 30% to 100% deposit bonus。

Not only that, beginners will not be confused when determining a forex trading strategy because the ForexCopy service provided by Instaforex allows traders to copy orders from professional traders in just a few minutes。

In addition, InstaForex provides traders with about 300 trading tools, in addition to currency pairs, there are futures, stocks, gold, silver, CFDs, Bitcoin, etc.。

Every InstaForex client is free to choose the trading platform that suits their needs。There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4 and MetaTrader5, each with advantages and disadvantages。InstaForex also offers video tutorials on how to register on each platform with the aim of making it more convenient for beginner traders who want to join InstaForex。

If traders are still confused after watching the video tutorials, traders can reach out to customer service 24 hours online via various social media including email, Skype, Whatsapp, Telegram, Viber, Twitter and phone。About 30 languages are available on the InstaForex website to facilitate traders from different countries。

Traders can also use the trading calculator available on the InstaForex website to help themselves and can accumulate currency pairs, leverage, trading volume and currency used。

InstaForex also has a variety of payment systems, with traders paying for deposits via Visa, Mastercard, Skrill, Neteller, PayCo and wire transfers.。All in all, InstaForex is a comprehensive broker for many types of traders。

Instaforex, a Russian-based broker founded in 2007 with clients in 50 countries around the world, offers interest on balances across all account types.。The annual interest rate is 5% for active accounts and 2% for inactive accounts, with interest calculated on the last day of each month.。

The broker not only offers interest on trading account balances, but is also known for offering various deposit bonuses that can be used to increase a trader's capital in highly volatile markets。As you might guess, though, bonus funds don't earn extra interest。

3. FreshForex

Like InstaForex, FreshForex comes from Russia, but was founded earlier in 2004.。The broker offers an interest range of 1-36% per annum, depending on the number of lots the client trades。The minimum trading volume required is one standard lot (100,000 currency units)。

Interest will be paid to traders who have a verified classic or professional account that is not connected to the rebate scheme。Traders will be paid at the beginning of each month based on the previous month's trading records。Compared to the margin interest usually imposed by other brokers, we can see that FreshForex's plan is more like a trading bonus。

4. FXCM

FXCM (Forex Capital Markets) is the brand name of a retail broker used to trade financial markets, especially the Forex market。The broker was founded in 1999 and was originally based in the United States.。After a series of lawsuits from clients and the settlement of cases by the US regulator (CFTC), FXCM moved from the US to the UK and became a broker authorized and regulated by the Financial Conduct Authority (registration number 217689).。

与FXCM trading is supported by enhanced execution through liquidity provider flow quotes from the FastMatch electronic communications network。

FXCM works with several global banks including Barclays Bank, Citadel Securities, Citibank, Deutsche Bank, FASTMATCH, XTX Markets Limited, UBS, Morgan Stanley, Commerzbank and Jefferies Financial Services, financial institutions and other market makers as their liquidity providers.。

This in turn makesFXCM is able to provide its customers with fast trade execution, competitive spreads, low negative slippage, no re-quotes, no stop / limit limits, and up to 89% of orders executed at the required price or better。

For trading platforms,FXCM is famous for its proprietary product Trading Station。The latest version of the web display for this platform claims to be built with Mac Friendly HTML5。It offers a range of trading devices such as integrated news, economic calendars, FXCM's top trading tools, social trading capabilities through FXCM Cloud, customized trading analysis, automated strategies and advanced charts for better analysis.。To support flexible traders,FXCM also offers a mobile version of Trading Station for iOS and Android users。

However, the company's internal platform is not the only option for customers。For more familiarCustomers of MetaQuote products, FXCM also offers the option of using MetaTrader 4。In addition, ZuluTrade is also available for clients interested in cross-broker replication trading schemes。

FXCM has chosen to offer trading accounts based on trading instruments rather than on minimum deposit classification account types。For FX traders, this broker offers Active Trader and Institutional accounts。

Active Trader is the ultimate account type for retail traders with two levels of pricing。Level 1 requires a minimum deposit of $25,000 and a commission of $30 for 1 million volumes, while Level 2 does not have details of deposit requirements but offers better fee conditions。The difference between the two grades is from 0.Start at 2: 00。

Institutional accounts, also known asFXCM Pro, marketed as a wholesale execution and liquidity solution for retail brokers, hedge funds and emerging market banks。The account offers from 0.1 point trading spread and other competitive benefits such as API solutions as well as prime brokerage services。

For nonFX Trader, FXCM offers a CFD trading account with low spreads from 0.37 points (in XAU / USD) and there are a range of asset classes, from precious metals, soft commodities and indices。

Last but not least, a series of in-depth articles are provided to help traders with their knowledge and insights into the Forex market。如Trading tools such as FXCM Plus, Market Scanner, Trading Signals and Technical Levels have also been developed to support traders opening accounts with FXCM。

In general,FXCM is an experienced retail broker with lots of "ammunition" to help traders with the best execution, pricing and tools。It is a well-regulated broker backed by a long history of financial markets, although the brokerage industry in the United States has a dark history.。

Nevertheless, the relatively high minimum deposit standard ($25,000) makes FXCM a broker for experienced, well-managed traders and is not recommended for new traders with limited funds.。

FXCM was founded in 2009。The broker offers 5% interest per year, with an available margin of up to $50,000 (minimum account opening amount is $50), which means that each client has the opportunity to earn up to $208 per month in interest.。

The broker will check on a daily basis how much margin is available on the client's account and the interest will be calculated based on the average available margin of the client's monthly balance。Traders who do not want to earn interest for religious reasons or other reasons can contact FXCM customer service to disable margin interest。

5. SaxoBank

Saxobank was founded in Denmark in 1992 as a brokerage firm.。Currently, they have infiltrated their online banking and foreign exchange trading businesses internationally, and the company is hailed as one of the best in the industry.。

Saxobank's innovative platform is used by Microsoft's global institutions, Barclays Stockbrokers Ltd and TD Waterhouse。These platforms include the award-winning trading platform SaxoTraderGO and are offered as the flagship of Saxobank。The other two platforms are SaxoTraderPRO and SaxoInvestors, each with its advantages and features。

SaxoTraderPRO is suitable for advanced traders and institutional customers. It can trade faster by quickly turning off all functions and viewing the trade order book and execution report in real time; on the other hand, Saxo TraderGO is a platform for retail traders, which can be easily managed through a single account Portfolio。For example, traders can get real-time and historical reports of net positions。

As for Saxo Trader, it is a user-friendly case product platform tailored for retail investors. There are several advantages, including browsing curated themes and pre-made screenings。In addition, clients can choose a diversified portfolio。It is a responsive platform accessible from any device。

The Saxobank website caters to international clients and is available in dozens of languages on the Saxobank website。In addition to English, there are Japanese, Mandarin, French, Italian, Indonesian and so on。

When customers choose Saxobank, they choose to trade with a fully regulated industry leader that complies with strict regulatory requirements in 15 financial centers around the world, including the UK, Singapore, Hong Kong and Denmark.。

Another advantage is that there are many options for the instruments that traders can trade on Saxobank, covering 40,000 instruments in 184 forex pairs, 9,000 CFDs, 19,000 shares, 200 stock options, 2,500 ETFs, futures, gold, silver and more.。

Since the company also doubles as a bank, Saxobank's execution speed can be guaranteed。However, some traders may feel that Saxobank is not suitable for individual trading because the minimum capital is too large and spreads and commissions are a burden for many clients.。The spread charged by Saxobank for each pair is quite large, so it is not suitable for scalpers; at the same time, commissions start at $1。

In addition, Saxobank often stops trading for a few seconds before important news releases and does not reactivate until after the news release, which leaves message traders with no best chance to act in Saxobank.。

In fact, the deposit amount can be adjusted according to the account level chosen by the customer。Saxobank accounts are divided into three levels, including Classic (minimum funding of £500), Platinum (minimum funding of £50,000) and VIP (minimum funding of £1,000,000)。Customers can use 1: 200 leverage with a minimum of 0 lots.05。

Saxobank provides traders with various tools. Each account level has its own facilities, which can be adjusted according to the needs of traders. The higher the level, the more complete the facilities provided。

For example, a trader with a VIP account will get a personal relationship manager and 24-hour direct access to a trading expert.。These facilities cannot be found when traders choose classic and platinum accounts。

For enterprise customers, Saxobank offers 40,000 tools with 1: 1 support from expert account managers and security from their more than 25 years of experience。

If customers meet professional standards, they can join Saxobank's professional account。The criteria discussed include having a financial portfolio of more than approximately €500,000, having conducted at least 20 large-scale related transactions in the past four quarters, and having worked in the financial sector for at least one year.。

In addition, Saxobank has more than 100 institutional experts in offices in major financial centres such as Denmark, London, Singapore, Shanghai, Hong Kong, Switzerland and Dubai, where clients can choose the location closest to their region.。With this support, Saxobank is optimistic about providing the right solution for the customer's business。

From the above explanation, it can be concluded that Saxobank is more suitable for those with deep pockets of forex traders who are interested in forex trading as a portfolio.。The broker's business focus is also more oriented towards institutional clients rather than retail clients.。

Saxobank is the brokerage brand of a European banking firm, so it's no surprise that they offer interest on a trader's positive balance。However, the broker did not clearly explain how much interest they could give, possibly because interest may fluctuate based on EU interest rates.。Since interest rates in the region are currently zero, the amount of interest on Saxobank may not be much。However, because of their credibility, they can guarantee safety。

6. Axi

If a trader is looking for a broker with elite regulation, Axi may be the right choice。Axi is an Australian broker registered with ASIC and FCA, as both regulators are widely regarded as having strict regulations.。

"Created by traders, at the service of traders" is the mission of Assi since its establishment in 2007, constantly striving to meet the needs of traders.。In December 2014, Axi had the most "trusted" brand among current forex traders Lenovo。

In addition, Axi has received other awards, including Most Trusted Forex Broker 2017, Highest Overall Client Satisfaction Investment Trend 2017, Back Office Operations Started 2018 in the Philippines, Cyprus and Singapore, Best MT4 Broker 2018 from the UK Forex Awards, and Most Trusted Forex Broker 2018 from the Forex Forex Awards.。With its achievements, Axi strives to build the confidence of traders around the world.。

Traders can monitor spread movements through Live Spreads available on Axi's official website。These floating spreads are good for traders when price volatility is not high。

In addition to spreads, there are differences in commissions per account。The commission for a professional account is about $7, while a standard account trader does not need to spend funds to pay the commission。

At the same time, the minimum transaction size is 0.01 lots, leverage up to 1: 400。Traders can choose the deposit amount because Axi does not specify a minimum amount。Instead, traders have the opportunity to profit with a 20% deposit bonus when trading on Axi。As a result, opening opportunities increase and deposit bonuses can also be withdrawn easily and quickly。

There are about 80 currencies and CFDs traded on Axi.。In addition, the company serves traders seeking to diversify their investments in other assets such as gold, silver, oil and 11 indices.。In order to attract the attention of traders from all over the world, Axi also offers a variety of currencies that traders can use as base currencies, including the Australian dollar, Canadian dollar, Swiss franc, euro, British pound, Hong Kong dollar, Japanese yen, New Zealand dollar, Singapore dollar and US dollar.。

Traders in Axi only need to top up a certain amount to enjoy free VPS provided by third parties。The web hosting service uses external servers to keep the platform running 24 hours a day and prevent downtime。Of course, this service is very useful for those who use Expert Advisor。

Chart analysis becomes an inevitable activity when trading forex。Traders need not worry about this when trading with Axi, as one of the advantages of the Axi broker is the Autochartist signal。This function is very useful for accurately tracking market trends。Traders using MT4 standard accounts and MT4 professional accounts will receive Autochartist signals for free。

In addition to being able to easily understand price movement patterns through Autochartist, Axi also provides easy access to complex trading tools under the name MT4 NexGen。The platform's strength lies in understanding trading sentiment, market insights, relevant traders and alert managers。With this technology, traders have easy access to ultra-fast networks and can handle any high-frequency incoming scalping trades。

Traders can also add knowledge about Forex trading through the free webinar facility offered by Axi。Professional traders and experienced analysts will provide traders with a variety of new trading knowledge in this educational program。

Not only that, opening an account in Axi can also bring other experiences, such as copying professional traders' trading strategies using tools such as DupliTrade, Myfxbook and ZuluTrade, and traders can freely copy professional traders' trading strategies and apply them to their own trades。

If there are other questions, traders can contact 24 / 5 active Axi support staff with staff from all over the world, so they have a global team that speaks the languages of traders from all over the world。

Axi is a broker established since 2007 and regulated by two top regulators: ASIC Australia and FCA UK。As stated on its official page, Axi offers quotes for the lowest spreads in the market (starting at 0 o'clock) and 500: 1 leverage。Many traders are interested in trading with Axi because there is no minimum deposit limit, transparent price quotes and of course balance interest。

Axi offers A $10,000 interest on the Free Equity Fund (interest is in Australian dollars only)。However, its interest rate amount is consistent with the Reserve Bank of Australia's benchmark。

In the past, more brokers offered balance interest services, such as OANDA, but because in 2015, many brokers terminated this service。These policies eventually lead brokers to stop offering interest because they either bear high costs or impose negative interest rates on their clients.。In addition, it is worth mentioning that the interest balance rate of Forex brokers can sometimes be as high as 25%, which is quite impressive compared to the interest rates given by commercial banks.。So this is definitely a beneficial feature that not all brokers can offer。

As a trader, it is good for you to choose a broker that offers balance services benefits。In fact, many traders use only about 5-10% of their deposit balance in their trades, while the rest of the funds are simply deposited in their accounts without any profit.。But with balanced interest, you can make a profit even if you don't make any trades。

However, keep in mind that this is just an extra bonus you can get from a forex broker, the conditions of getting it vary according to each broker's policy。In addition to this, if you are looking for the right broker, you should also consider other factors。Therefore, when you choose a broker, be sure to weigh all options thoroughly, reading the terms and conditions first。