Best Forex Brokers That Allow Hedging (Top 10) In 2023

In simple words, hedging refers to taking long and short positions on a particular asset at the same time. The idea behind hedging is to make some gains irrespective of the direction in which the market moves. Some of the best forex brokers for hedging are the ones that let you mitigate risks by diversification of trades. Our experts have compiled a list of brokers that allow hedging using a variety of trading tools and features to help you make the most of the market conditions.

Best Forex Brokers for Hedging 2023

1. XM

Launched in 2009, XM is a leading forex broker that is regulated by CySEC, FCA, BaFIN, and MiFID. Through the great platforms of XM, users can trade on forex, stocks, CFDs, precious metals, Gold, Oil, and cryptocurrencies. For novice clients, the broker has a demo account to get familiarized with nuances of the forex market and more. However, to open a real account with XM, the trader has to make an initial deposit of $50.

Pros:

Client funds in segregated accounts

No rejections and no re-quotes

A large client base of over 1,000,000

More than 55 currency pairs on Majors, Minors, and Exotic

300+ trading instruments

No commission on trades for Standard and Micro accounts

MetaTrader 5 and MetaTrader 4 platforms

Demo account

Easy deposit and withdrawal process

Different options for deposit and withdrawals

Cons:

No guaranteed stop losses

Offers only variable spreads

2. HotForex

This award-winning commodities and forex broker came into existence in 2010 and is headquartered in Cyprus. It provides trading services to both institutional and retail clients through its automated and state-of-the-art platforms. It has offices in Cyprus, South Africa, St. Vincent and Grenadines, and Dubai.

Pros:

Accurate trading tools

Regulated by FCA (Financial Conduct Authority)

Offers the social trading option

Stores funds in segregated accounts

Provides demo account

Low trading fees

Islamic account is available

Flexible leverage levels for trading accounts

No deposit fee

MT4 and MT5 trading platforms

Cons:

No 24/7 customer service

Inactivity fee required

3. OctaFX

An umbrella brand, OctaFX was established in 2011 as an online forex broker to provide a variety of CFDs trading options in forex, cryptocurrencies, commodities, metals, and indices. The broker serves more than 1.5 million clients worldwide and is regulated by CySEC. In opening an account with OctaFX, clients can take advantage of bonus promotions and higher leverage.

Pros:

No deposit and withdrawal fee

Provides negative balance protection

Segregated accounts

The low minimum amount for withdrawals

Fast registration

Fully digital journey

Real market conditions

No time limit

Access to all features of the trading platform

Hedging and scalping are available

Cons:

The withdrawal process is slow

Only two base currencies – USD or EUR

4. Exness

This Cyprus-based forex broker is owned and managed by Nymstar Ltd. What is good about Exness is that clients can open an account with it at no minimum deposit, whilst having full access to more than a hundred currency pairs. Exness has on offer four account options to meet varied capitalization and experience levels. Clients can access MT4 and MT5 trading platforms to take advantage of interesting and useful features and make the most of the active market conditions.

Pros:

Access to more than 1000 forex pairs

No deposit fees

Instant funding of your account through cards or e-wallet

Very low spreads

Demo account provided

Regulated by FSA, CySEC, and FCA

24/7 customer support

Funds are stored in segregated accounts

Negative balance protection

No inactivity fee

Cons:

The range of assets is limited

Does not accept clients from Israel, the USA, and more

5. EasyMarkets

Regulated by CySEC and ASIC, EasyMarkets is a popular online forex broker whose intuitive platforms let clients carry on trading with forex, commodities, cryptocurrencies, indices, and CFDs. For those clients that are just starting, there’s a demo account to try. However, to open a live account with EasyMarkets, clients need to make an initial deposit of £100.

Pros:

No commission on trades

No deposit or withdrawal fees

300+ trading instruments

Well-established broker with more than 16 years of experience

Availability of ‘Freeze Rate’ and ‘dealCancellation’ features

Transparent services

Intuitive and safe trading platforms

Good customer service

Swing and Intraday trade options

MT5, MT4, and WebTrader platforms

Cons:

Does not offer variable spreads

Trading on cryptocurrencies and stocks not allowed

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