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*80% of retail CFD accounts lose money.
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Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.
Now let’s go through the selected brokers.
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[fx-best-pages-card category=”Best for Professional Traders” slug=icmarkets]
[fx-best-pages-card category=”Best Low Spreads” slug=fpmarkets]
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Here is a quick guide on how to choose a forex broker for natural gas trading.
Trading natural gas offers various avenues:
Trading directly with exchanges for futures and options is complex and mainly used by institutional traders. In contrast, trading CFD futures contracts and CFD options offer a more accessible way for retail traders to engage in the energy market.
When trading natural gas, it is imperative to trade with a regulated broker that is authorized and licensed by a government’s financial authority. Regulated brokers are bound by stringent regulations governing the handling of your funds and the execution of trades. Any violation of these regulations can lead to hefty fines and the revocation of their license. Therefore, opting for a regulated broker typically ensures the safest trading environment.
However, it’s essential to note that not all regulated brokers adhere to the same standards. In our broker rating evaluations, regulators are classified into three tiers:
Tier-1 regulators provide the highest level of investor protection. Brokers regulated by entities like the UK FCA, IIROC, CySEC, and ASIC are legally obligated to segregate client funds from their own and offer negative balance protection to prevent accounts from falling into negative balance.
Moreover, brokers regulated by the FCA, IIROC, and CySEC are required to participate in compensation schemes, ensuring that client funds are safeguarded in case of broker insolvency.
Check out our guides on Best CySEC-regulated forex brokers and Best FCA-regulated forex brokers.
To verify a broker’s regulatory status and authorizations, individuals can review the broker’s legal terms and conditions and consult the regulator’s register in the country where the broker operates.
It’s important to be cautious of unregulated brokers, as they operate without adherence to strict rules governing fund handling. Entrusting funds to unregulated brokers poses a significant risk, as there are no legal avenues for recourse in the event of misappropriation or theft.
Read more about Best regulated forex brokers.
The impact of trading fees on your overall profitability cannot be overstated. Brokers want to charge the highest fees possible, whereas traders must look for the most balanced pricing structure.
When choosing a broker, it’s essential to take into account various fees, including:
A broker’s trading fees should be transparent and clearly stated on their website. Failure to provide this information upfront may suggest that the broker is withholding crucial details, signaling a potential red flag for investors.
Discover Best lowest spread forex brokers and Best low swap fees forex brokers.
Based on years of experience, I have seen brokers offer a range of one to seven trading accounts, each varying in tradable instruments, minimum deposit requirements, and fees. However, the primary disparity among these accounts commonly lies in their trading fee structures.
Trading accounts can generally be classified into two categories: commission-free and commission-based accounts.
The choice of a trading account hinges on the individual trader’s preferences and trading style. Novice traders may prefer a commission-free account as it simplifies risk management decisions with costs integrated into the spread. Conversely, short-term traders may opt for a commission-based account to capitalize on reduced spreads, facilitating precise trade execution.
Read more about Best STP forex brokers and Best ECN forex brokers.
Leverage has been instrumental in expanding forex and CFD trading, allowing traders to manage larger positions with a modest deposit.
If a broker offers a leverage ratio of 1:10, it means that just $1 of your capital is needed to control a position size worth 10 times more. Essentially, you can manage a position valued at $1,000 using only $100.
Respected regulatory bodies, such as the UK’s FCA, CySEC, ASIC, FSA Japan, and IIROC, enforce retail trading leverage restrictions for energy products like natural gas, typically capped at 1:10, to ensure a secure trading environment.
Conversely, many offshore and unregulated brokers might offer higher leverage, sometimes reaching up to 1:1000. It’s advisable to exercise caution when dealing with such brokers.
Explore Best forex brokers with high leverage.
Leverage has the potential to amplify both gains and losses. Your profit or loss is calculated based on the entire trade value, not solely the margin you put up. In the event of insufficient capital in your account to manage your trade value, the broker may issue a margin call and automatically close your trades, leading to unforeseen losses. Therefore, it is advisable to approach brokers offering excessively high leverage with caution.
A trading platform serves as your portal to the global energy market, facilitating real-time market data and trade execution. When selecting a platform, it’s essential to consider the following factors:
Some popular trading platforms include:
Some brokers offer demo trading accounts which allows you to test different platforms in a virtual environment. It is a good way to test which trading platform is most suitable for your style of trading.
Check out our dedicated guide on Best forex trading platforms.
Here are some things to avoid when selecting a forex broker for natural gas trading:
Unfortunately, the forex and CFD industry is fraught with scams. Here are some pointers to avoid them:
We employ a proprietary rating system to assess brokers, analyzing 250 data points across nine key categories, encompassing:
Here, you can learn more about our review process.
For this guide, we also checked each broker offers a good range of natural gas products to trade on from feature-rich and easily accessible trading platforms. We also ensure that selected brokers offer competitive spreads on natural gas trading.
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.