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FX TEXTBOOKForex basics, broker guides and risk information
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FOREX BASICS · BROKERS · CONDITIONS

FX TEXTBOOK

Independent guides to forex and CFD basics, broker account options, trading platforms and current promotions. Start with the information you need before registering, depositing or trading.

Read beginner guidesCompare brokers
XS.comExplore XS account optionsReview current account conditions and offers before you continue.Explore XS
START GUIDEStart here
  1. 1Learn forex basicsHow prices, profit and loss work
  2. 2Compare brokersAccounts, costs and platforms
  3. 3Understand riskLeverage, margin and stop-out

BONUS GUIDE

Featured brokers for bonuses and campaigns

Start by checking the account type and the current offer conditions that apply to you.

All current offers →
1stVantage TradingRegistration and deposit bonus options2ndXSWelcome and first-deposit bonus options3rdHFMAccount and promotion information

BONUSES & CAMPAIGNS

Current bonuses and campaigns

Review the eligible account, withdrawal-related conditions, trading requirements and campaign period before you act.

All current offers →
Vantage Trading

Registration Bonus

Current offer conditions apply

Review the official promotion page before registering.

View conditions →Vantage Trading

Deposit Bonus

Up to 120%

Review the official promotion page and terms before depositing.

View conditions →Vantage Trading

Double Deposit Bonus Campaign

40% trading credit

20 Aug 17:30–23 Aug 17:29 JST. Eligible account and deposit-count conditions apply.

View conditions →

BEGINNER GUIDES

Start with forex and CFD basics

Learn the mechanics, tools and risks before choosing an account.

All guides →
FOREX BASICS6 min read

What is forex? The basics to understand before you start

A practical introduction to currency pairs, trading hours, and why both profits and losses occur.

  • How forex trading works
  • Why profit and loss occur
  • What to check before opening an account
Read the first guide →
02
RISK MANAGEMENT · 8 min read

What is stop-out in forex? Margin, leverage and liquidation risk

→
03
TRADING PLATFORMS · 8 min read

MT4 vs MT5: which platform should beginners choose?

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04
CHOOSING A BROKER · 8 min read

How to compare forex brokers: the key checks

→
05
TRADING COSTS · 7 min read

Forex spreads and commissions: how to compare trading costs

→

BROKER DIRECTORY

Compare forex brokers before opening an account

Account types, trading platforms, funding methods and current offers—organised broker by broker.

See all brokers →

XS offers Standard, Cent, Pro, Elite and VIP account options. Availability and trading conditions can vary by country of residence.

ACCOUNT OPTIONS
Standard · Cent · Pro · Elite · VIP
PLATFORMS
MT4 and MT5
SUITABLE FOR
A practical option for traders who want to compare Standard and Cent account options before moving to other account types.

XMTrading publishes Standard, Micro, Zero and KIWAMI accounts with MT4, MT5 and XMTD TraderPro access. Account terms differ by account type.

ACCOUNT OPTIONS
Standard · Micro · Zero · KIWAMI
PLATFORMS
MT4, MT5 and XMTD TraderPro
SUITABLE FOR
A broker to consider when you want to start with a Standard or Micro account and compare MT4, MT5 and the XMTD TraderPro app.

HFM offers multiple account types and trading platforms. Check the entity, account availability and current promotion terms shown for your country.

ACCOUNT OPTIONS
Premium · Cent · Pro · Zero · InfinityX
PLATFORMS
MT4, MT5, WebTrader and HFM App
SUITABLE FOR
A broker to consider when you want to compare a Premium account with other account types and current promotion eligibility.

Vantage Trading offers Standard, ECN and Premium account options with MT4, MT5, WebTrader and Vantage App access.

ACCOUNT OPTIONS
Standard · ECN · Premium
PLATFORMS
MT4, MT5, WebTrader and Vantage App
SUITABLE FOR
A broker to consider when you want a Standard account entry point alongside multiple platform and CFD options.
See all brokers

Conditions may vary by residence, legal entity, account, instrument and timing. Check current terms during registration.

CORE TOPICS

Learn by question

Start from the topic you need to clarify before using a live account.

All guides →
Not sure what to
check first?

Choose one question and work through it before you register or deposit.

FOREX FUNDAMENTALSForex basicsPairs, trading hours, profit and lossRISK MANAGEMENTLeverage and stop-outMargin, position size and loss riskTRADING COSTSSpreads and commissionsVariable spreads and cost comparisonAUTOMATED TRADINGBefore using an EAHow it works, monitoring and risk

COMMON QUESTIONS

Before you open a forex account

Core questions to resolve before depositing or trading.

Beginner guides →
Q
How does forex trading work?

Understand pairs, position size and why profit and loss occur.

→Q
What are leverage and stop-out?

Review margin, position size and liquidation risk.

→Q
How should I compare brokers?

Check entity, account terms, funding and support.

→Q
Does an EA remove risk?

Learn what automated trading can and cannot do.

→

RISK DISCLOSURE

Check conditions and risk before you trade.

Forex and CFDs involve risk. Market movements and leverage can result in the loss of some or all invested capital. FX Textbook does not provide personal investment advice or guarantee results.

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