Although there are over 180 official currencies globally, not all of them are actively traded in the Forex market. In this article we will go through what a currency pair is, the most prevalent currency pairs and essential considerations to take before trading them.

Vantage FX will appeal to traders who value low trading costs and use indicators to make trading decisions. Be aware that Vantage FX's financial instruments are somewhat limited compared to other similar brokers.  An STP/ECN broker, Vantage FX offers two accounts with minimum deposits linked to tighter spreads and lower trading costs. The commission-free Standard Account requires a minimum deposit of 200 GBP but spreads start at 1.2 pips on the EUR/USD. Trading conditions improve significantly on its Raw ECN Account, which has a 0 pip spread and an extremely low commission, but a minimum deposit of 500 GBP.  These trading costs are some of the lowest in the industry.   CFD's available at Vantage FX include Forex, indices, energies, metals, shares, and cryptocurrencies, but there are a limited number of assets per class which may leave more experienced traders dissatisfied. 

With a wide range of financial instruments available on three different trading platforms (MT4, MT5, and R Stock Trader), RoboForex appeals to traders who value low trading costs and a broad range of account choices. RoboForex offers four live CFD accounts with a minimum deposit of only [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"]. The commission-free CFD accounts have a spread of 1.3 pips, which is slightly wider than other brokers, but traders can choose to trade in smaller trade sizes, known as micro-lots. The ECN and Prime Accounts have spreads that start at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips (EUR/USD) but commissions of only 4 USD and 2 USD, respectively - some of the lowest in the industry. RoboForex also stands out for the number of financial instruments on offer, including over 12,000 stocks, 1,000 ETFs, 100 commodities, 40 Forex pairs, 26 cryptocurrencies, and indices. Support is offered for numerous trading platforms, including industry favourites MT4 and MT5, and its intuitive and easy-to-set-up R-trader.  In conjunction with third-party provider Claws and Horns, RoboForex's educational and market analysis materials are well-organized and in-depth, a real benefit to beginner traders.  One drawback is that although RoboForex is an international broker, it is only regulated by the FSC in Belize, which means that regulatory oversight is weaker than other brokers. Additionally, traders should be aware that RoboForex charges high withdrawal fees.