Best Forex Broker for Long-Term Trading 2023

For this list, we have searched and tested several forex broker for long-term trading.

We opened real accounts and deposited between $4,000 and $8,000 with each broker. Further, we placed real trades in each popular market to get the actual picture. We also contacted the customer support team to see whether they are able to solve the problems we had faced.

We handpicked the best forex brokers for long-term trading based on our trading data and experience.

What is Long-Term Trading in Forex?

Long-term trading, also known as position trading or buy and hold, is a trading strategy where traders can hold on to a position for an extended period of time. It may last anywhere from a few weeks to several years or even decades. The idea of this strategy is to magnify profit by reducing buy and sell transactions.

Long-term traders strictly focus on the fundamental analysis, they are not concerned about the intraday fluctuations but rather are interested in future market outlook.

Pros and Cons of Long-term trading:

Pros	Cons
🏳️ Stress-Free	⌛ Time Consuming
📚 Compounding	📈 Increased Risks per Trade
📉 Low Maintenance	⛔ Missed Opportunities of Short Trading
🧾 Tax Benefits	💵 Slow way to make money

Day trading vs Swing trading vs Long-term

In general, the difference between day trading, swing trading, and long-term trading boils down to the time traders intend to hold a position. Overall, day trading and swing trading are considered active trading, while long-term traders are passive traders.

Day traders seek intraday price fluctuations and swing traders make trades based on swings in assets that take place within several days or weeks as opposed to long-term traders who expect high profit over time.

Best Forex Long-Term Broker

Since the trades are held over a long period of time, it is better to choose low-priced brokers and most importantly commission-based for easier calculation of trading costs.

For this list, we have searched and tested several forex brokers suitable for long-term trading. We opened live accounts and deposited real money with each broker. Then we placed real trades in each popular market to get the full picture of brokers’ offerings and conditions.

• Tickmill – Best Overall Broker for Long-Term Trading
• XM – Best Broker for Long-Term Trading for Beginners
• Interactive Brokers – Best Long-Term Futures Trading Broker
• IC Markets – Best Crypto Long-Term Trading Broker

Best Overall Long-Term Forex Broker

We picked Tickmill as the best forex broker for long-term trading overall.

Tickmill is a UK-based Forex and CFD broker founded in 2014. The broker offers competitively low commission-based pricing for professional traders through its VIP and Pro accounts. The broker is licensed and authorised in the UK, Cyprus, South Africa, Seychelles, and Labuan (Malaysia).

Even though the broker offers a narrower spectrum of tradable markets, it still outperforms its competitors due to its high performance. The broker offers Forex and CFD trading of commodities, indices, and bonds.

Tickmill offers 3 account types: Classic, Vip, and Pro. Also, it offers a swap-free account for its Muslim clients. The broker is suitable for medium and long-term trading.

Best Long-Term Broker for Beginners

We picked XM as the best forex broker for long-term trading suitable for beginners.

Founded in 2009, XM is a Cyprus-based forex broker offering average fees for the main trading instruments including forex pairs, indices, stocks, and commodities. The broker is licensed and regulated in Australia, the United Kingdom, Cyprus, the UAE and Belize.

XM is highly recommended for beginner traders since the broker is famous for its comprehensive educational content covering all the aspects of trading needed for novice traders. The broker also offers MetaTrader 4/5 platforms, which are considered industry standards with MetaTrader 4 being the best platform for EA trading, and MetaTrader 5 – as the more sophisticated version of MT4.

The broker also offers high leverage up to 1000:1 under its Belize entity; however, we do not recommend using leverage for beginners due to the high risks of capital loss.

Best Long-Term Futures Trading Broker

We picked Interactive Brokers as the best futures broker for long-term trading.

Founded in 1993, Interactive Brokers is a multi-asset broker with an extensive range of markets, competitive commissions, and top-notch educational resources offering its clients trading in stocks, options, futures, forex, bonds, and funds. The broker is highly regulated carrying several top-tier licenses from global regulators including Canada, Japan, Ireland, the UK, Singapore, and Ireland.

Interactive Brokers is a commission-based broker and charges $17-$40 per million round turn. Interactive Brokers offers a comprehensive suite of platforms with advanced technical analysis and research tools.

Best Broker for Crypto Trading Long-Term

We picked IC Markets as the best crypto broker for long-term trading.

IC Markets, founded in 2007, is an Australian Forex broker offering competitive pricing forex, indices, stocks, commodities and cryptocurrencies. The broker is a top-notch solution for algorithmic trading. It is regulated in  Australia, Cyprus, Seychelles and The Bahamas.

IC Markets offers one commission-free Standard account and commission-based Raw Spread and cTrader accounts. IC Markets’ low costs for trading even compete with the best low-cost brokers such as CMC Markets and IG.

The broker offers crypto trading but only on a CFD basis as most of the forex brokers do. The broker allows leveraged crypto trading up to 200:1. It offers trading many popular digital currencies including Ethereum, Bitcoin, Litecoin, Ripple, etc.

Long Term Forex Brokers List

Apart from the shortlisted brokers mentioned above, we recommend the following forex brokers for long-term trading:

Forex Broker	Test Details	Broker Review
FxPro	Deposit Amount: Over €5,000 Total Trade: 15 trades	FxPro Review
Admiral Markets	Deposit Amount: Over €4,500 Total Trade: 12 trades	Admiral Markets Review
BlackBull Markets	Deposit Amount: Over €4,000 Total Trade: 12 trades	BlackBull Markets Review
GO Markets	Deposit Amount: Over €4,500 Total Trade: 12 trades	Go Markets Review
ActivTrades	Deposit Amount: Over €5,000 Total Trade: 12 trades	ActivTrades Review
XM	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
FXTM	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
ICM Capital	Deposit Amount: Over €5,000 Total Trade: 12 trades	ICM Capital Review
Tickmill	Deposit Amount: Over $8,000 Total Trade: 12 trades	Tickmill Review
Capital.com	Deposit Amount: Over €3,500 Total Trade: 15 trades	Capital.com Review
XTB	Deposit Amount: Over €5,000 Total Trade: 12 trades	XTB Review
RoboMarkets (RoboForex)	Deposit Amount: Over €5,000 Total Trade: 12 trades	RoboMarkets (RoboForex) Review
Pepperstone	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
FBS	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review
GKFX	Deposit Amount: Over €5,000 Total Trade: 15 trades	GKFX Review
Darwinex	Deposit Amount: Over €5,000 Total Trade: 12 trades	Darwinex Review
IC Markets	Deposit Amount: Over €5,000 Total Trade: 12 trades	IC Markets Review
ThinkMarkets	Deposit Amount: Over €5,000 Total Trade: 15 trades	ThinkMarkets Review
FP Markets	Deposit Amount: Over €6,000 Total Trade: 12 trades	FP Markets Review
Amana Capital	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review
AvaTrade	Deposit Amount: Over €4,000 Total Trade: 21 trades	AvaTrade Review
CMC Markets	Deposit Amount: Over €5,000 Total Trade: 12 trades	CMC Markets Review
Vantage FX	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
INFINOX	Deposit Amount: Over €4,000 Total Trade: 9 trades	INFINOX Review
Axi (AxiTrader)	Deposit Amount: Over €6,000 Total Trade: 12 trades	Axi (AxiTrader) Review
Plus500	Deposit Amount: Over €6,000 Total Trade: 18 trades	Plus500 Review
eToro	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
Trading 212	Deposit Amount: Over €5,500 Total Trade: 15 trades	Trading 212 Review
Fortrade	Deposit Amount: Over €5,000 Total Trade: 12 trades	Fortrade Review

FAQ and More on Forex Broker for Long Trading

Many traders rise different questions regarding forex trading. We tried to give comprehensive answers to some of the most popular questions related to forex broker for long-term trading.

Best Forex Long-Term Trading System

There is no perfect system for forex long-term trading, everything depends on the trading strategy traders choose. Here are some of the trading strategies that might be more beneficial for long holding:

• Position trading
• Trend trading
• Investing

Long-Term Stock Trading Strategies

Stock trading refers to buying and selling shares of particular companies with the aim to magnify your income. There are several long-term strategies for stock trading:

• Investing
• Holding
• Trend Following

Long-Term Trading Indicators

Technical indicators are mathematical calculations and signals based on price, volume, and/or open interest with the aim to predict market change.

Here are the most popular indicators used in long-term investing:

• Bollinger Bands
• MACD
• Relative Strength Index