Best Forex Brokers
We have reviewed 1800+ brokers and & shortlisted the best forex brokers this year. This is the list of top 10 forex brokers that offer best trading platforms to beginners and professionals.
P.S. All reviews are written by experts | We are 100% independent.
Best Forex Brokers in 2021
Updated July, 2021
This year and post Covid, we’ve evaluated 1800 online brokers to shortlist the best forex broker and excluded all forex scams. This hand picked top forex broker list helps you to have access to a reliable source of top currency brokers and trade safely.
Our editorial team reviewed the forex brokerage companies from these criteria: “Forex Trading Fees“, “currency pairs”, “EA & Expert Advisors Brokers”, “charting tools”, “payment options such as deposit fees and withdrawals process”, “forex account types”, “online trading platforms and Trading Apps”, “support team & their response time”, and many more factors.
This top forex broker list gives you access to the best forex brokers to confidently open a demo account or a real live trading account and begin trading forex in no time.
Best Forex Broker List
- AvaTrade: Best Low Fees Forex Broker
- FP Markets: Best Forex Broker for Beginners
- eToro: Best Broker for Copy Trading
- Trade Nation: Best Forex Broker for Australia and UK
Top 10 Best Forex Trading Platforms in 2021
Best Forex Platforms For Professionals & Beginners
The best CFD brokers list in 2021 helps you choose the best cfd broker that meet your needs and open your trading account with a top cfd trading platform. We've reviewed over 1800 brokers and blacklisted all CFD Scams. P.S. Reviews are written by trading experts | We are 100% Independent
- Offers Low Trading Fees
- Multiple Base Currencies
- Trade Crypto Against Money Currencies
- Regulated in many countries
- Free & Fast Withdrawal
- Investment protection is only available in the EU Countries
- You will be charges "Administrative and Inactivity" fees
- Web trading platform is not that user-friendly
If you are looking for a broker that charges no commission, AvaTrade could be a good choice. The broker does not charge a commission, and all fees that you might pay is meagre.
We have explained how forex brokers make money, yet when it comes to how AvaTrade makes money, the answer is obvious: By charging spreads.
To deposit funds to your account or withdraw funds from your profits, you need to choose a payment method that suits your need. AvaTrade offers different payment options. AvaTrade is among forex brokers that accept PayPal for deposit and withdrawal.
Other alternative payment methods for forex trading are Credit card, Wire transfer (NatWest, Barclays, UniCredit), Neteller, Webmoney, and 20 more payment options are available.
Overall, the fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spreads.
For instance, if you choose to trade Europe 50 CFD, the average fee is 1 pip. As for EURUSD, the spread is 0.9 pip.
Let’s have a look at Forex fees and compare it with XM & Plus500 CFD.
If you want to trade different currencies against each other and speculate USD position against other currencies such as GBPAUD,JPY or GBP, Euro, etc. you need to choose a regulated for your forex trading or spread betting strategy.
Unlike trading stock in exchange markets limited to market opening time, forex trading forex is open 24 hours a day, except the weekends.
AvaTrade is one of the cheapest brokers in the forex market.
AvaTrade portfolio is limited to CFD & Forex CFDs, which means no real assets or shares are available yet. One big advantage for crypto traders is that AvaTrade offers a crypto trading platform versus fiat currencies.
The bad news for professionals is that you won’t be able to change the leverage level. We thought this is a negative point.
AvaTrade App is one of the best commission-free brokers platforms. You can also use it to trade CFDs such as commodities, ETF, Stock index CFDs, and more. If you are interested in stocks and CFD trading, you should our comprehensive list and see the best CFD broker list.
AvaTrade Accounts: You can open your demo account and live account in a few minutes.
If you planned to go for options trading, you might want to open an options trading account; you can then see their competitive price list.
For Forex traders, you can open a demo account on AvaTrade, which is great for beginners to practice and learn how to trade foreign currencies.
If you are a professional trader, you can switch to AvaTrade and open a live trading account and deposit $100 to get on board with the forex trading platform.
Like eToro, AvaTrade also allows social trading. That means you can follow an experienced trader’s history and follow their portfolio. To make this happen, Avatrade is using DupliTrade and ZuluTrade.
AvaTrade offers different trading platforms and mobile trading app.
AvaTrade’s trading platforms provide enough features to beginners and professional traders.
Like other MetaTrader 4 brokers, AvaTrade is also using MT4 as a default platform for currency trading. Since it is known to all traders, you can easily get on board.
You can trade on all three forex trading platforms:
AvaTrade also uses a web trading platform is powered by “Web Trader”, which is good for those who don’t want to install anything on their system.
The desktop trading is available for windows and Mac users too.
“AvaTradeGO” is the broker’s mobile trading App for smartphones: Android and IOS. The platform is user-friendly and easy to use. Let’s have a look:
“Market Trends” is one of the features in AvaOptions that helps you monitor the market in real-time.
One of the other reasons that AvaTrade made it to the list of best forex brokers is their genuine forex bonus. AvaTrade, as a trusted forex platform, offers up to a 20% welcome bonus to new traders.
As for regulation & licensing, the trading platform is regulated in the following jurisdictions:
- As one of the best Forex brokers in Australia, In Australia, it is regulated by the Australian Securities and Investments Commission (ASIC)
- As one of the best Forex brokers in South Africa, (FSCA), known as the Financial Sector Conduct Authority, oversees their activities.
- In Japan, they are governed by both (FSA) the financial service agency and (FFAJ) Financial Futures Association of Japan.
- As one of the best Forex brokers in the UK and Ireland, The Central bank of Ireland is in charge of its financial activities.
- B.V.I from the British Virgin Islands
As one of the best Forex brokers in Europe, AvaTrade offers investor protection. If you are an EU Citizen, then their policy of protection up to €20,000 can apply to you.
Several factors make a good forex broker. We have covered them in our methodology. It is not just the broker’s fees or modern trading platform. We have paid attention to every detail, such as research, education, support and more.
When it comes to fore market research, using analytical tools and technical analysis, AvaTrade offers decent tools and services. We can not say it’s the best broker for research, but the quality of services is just above the average.
For instance, you can use all major charts when conducting technical analysis for your preferred currency pairs. That means you will have access to historical data to manage your position and decide whether you want to go short or long; Good news is that it’s all doable with AvaOption & MT4.
Some trends and charts that you can access are
- Short Term Trends and average movements
- Intermediate and Long Term positions
When working with charting features, you can use up to 90 Indicators.
Finally, an economic calendar is available and updated regularly. Here is how it looks:
AvaTrade is one of the best low fees brokers for beginners. It is also listed among the top Forex Brokers With High Leverage.
Apart from trading platforms and tools, AvaTrade educational materials are perfect for beginners.
In fact, providing good educational materials is one of their customer acquisition strategies for attracting new traders or encouraging other traders to switch to their brokerage company.
As one of the top 10 forex trading platforms, their tutorial and how-to guides are very high quality and pretty comprehensive.
One other advantage that you get is having access to SharpTrader, a learning management system that provides you with around 200 articles and trading videos on how to trade and enhance your trading experience.
AvaTrade is not just one of the best forex brokers in UK, South Africa or Australia. It’s a reputable brand.
We believe AvaTrade Forex Products are worth giving a shot.
It’s not just because AvaTrade is a safe and regulated broker in most financial markets. In fact, when considering their forex fees that is pretty low, you might find it as a good forex broker to open your account. Remember, if you stay inactive for a year, you might charge $50 for Inactivity.
Customer service response time is short, and they quickly answer your phone calls or live chat sessions. The negative side is not having a 24/7 support process (So don’t count on weekends).
Opening a demo account is literally instant, and switching to a live account can be done in one, or max, three days. Remember, the minimum deposit is $100.
- Tight, fixed spreads 24/5.
- Globally regulated (FCA, ASIC, FSCA, SCB).
- 2,500+ financial instruments.
- Commission-free trading available.
- Easy to use, feature-rich web platform.
- Excellent customer support.
- Monthly cash rebates available.
- Investment protection is not available
- Not available for US residents.
- No variable spreads
- No Trading App is Available
- No crypto trading
- Free Trading Signals
If you are looking for forex signals, especially free forex signals, Trade Nation is among the best forex trading platforms that provides you with free access to their Signal Centre.
Forex signal center is FCA-regulated signal provider that generates trading signals for a variety of markets including indices, currencies and commodities. https://tradenation.com/trading-signals
- Trading Community
Trade Nation offers various news and analysis articles covering a range of topics that are posted multiple times a week. The broker’s YouTube channel is also updated daily with trading insight videos and market updates.
Trade Nation focuses on trading news and articles covering a range of topics. They publish a new piece every few days. The topics can be filtered by various categories such as Market Snapshot, Premium Content, Market Updates, Inside the Broker and more. Articles can also be selected based on trading level – beginner, intermediate and advanced.
- My SMART News
Free to all funded account holders, my SMART news is an alternative data source that pulls in all relevant news and can then be filtered down into just the news that you are interested in viewing.
- Trade Nation Education for Forex Traders
If you are new to forex trading or even a veteran trader, trade nation offers a decent pool of educational resources. You can easily get started with their beginner guides on trading, and move all the way to spread trading and advanced forex trading. Each of these topics is covered in detail and there are also examples of CFD trading, spread trading and FX trading.
Trade Nation offers clients the ability to trade on more than 2,500+ financial instruments. Here is a simple breakdown:
- Currency Pairs: 40+
- Indices: 20+
- Stocks: 2000+
- Commodities: 10+
- Bond: 3
- Futures: 10+
- Differentials: 5+
You can choose to trade currencies, or even buy shared and trade Indices, Stocks, or Commodities and Bonds on their MT4 platform.
To have an idea about what you can trade, you may refer to this table:
Dow Jones 30
UK Long Gilt
When reviewing Trade Nation, you may come across these fees:
- Overnight financing (swaps)
The fees that they charge are quite low. For instance the spread fees on their proprietary platform are low and fixed.
We found trade nation’s fees very compatitive when comparing forex brokers. At the time of this review the below table showed the fixed spreads taken from a variety of markets:
Fees vary by asset type, but spreads are fixed for complete transparency and low-cost trading.
TN apply a commission charge on ASX stock trades only and on FX trades via their MT4 platform.
TN does not charge any inactivity account fees.
- Free commission stocks is available in EU countries
- ETF trading is available in the EU
- Registration & account opening process is very easy
- Copy Trading & Social Trading is Available
- Offers Basic Fundamental Data
- eToro charges high forex trading fees
- You can only hold one account base currency
- Withdrawal is not free. It costs $5 per withdraw.
As a beginner, you might want to learn the tips and tricks of currency trading. Find out which currencies have a higher chance of making a solid profit. You can invest in a PAMM account or find a copy trader on eToro and follow their portfolio while you are learning. This way, you are investing in the experienced trader’s skill set and. minimizing your risks.
When it comes to fees, eToro is also known as a zero commission broker. Well, fees, commissions, and spreads change from broker to broker. Below we have listed a couple of major products, and how much eToro charges you. by the way, if you wish to compare eToro alternatives, you can click to compare eToro vs IG.
eToro fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread too.
Trading S&P 500 CFD fee is 0.75 pip, which is low.
Trading Europe 50 CFD, and Euro-USD fee is 3 pips.
You will be charged $10 per month after one year of inactivity.
There is no stamp duty and Financial Transaction Tax on you because eToro absorbs the cost. You can actually save 0.5% in the UK, 1% in Ireland, 0.3% in France, and 0.1% in Italy.
Just like margin trading that enables you to invest in CFDs at a fraction of full investment, when it comes to forex trading, leverage matters to all professional forex traders. The good news is that when trading forex with eToro, you have an option to change the leverage.
If you want to know how to compare forex brokers or find the best fx brokers, you should pay attention to a couple of more characteristics.
A good broker is not only regulated but also offers a transparent commission structure and trading account.
It should also enable you to execute your orders fast. Generally, all brokers in this list have high order execution speed. So, if you are thinking of what to trade today and which currency pair should you invest your time to trade on eToro, here are some suggestions:
eToro offers and trading instruments can vary depending on your trading strategy. Generally, the list below is available to all traders.
- Real Stocks
- Social Trading
- Copy Portfolio
- Copy Trade
Copy Trader is someone who monitors the lead traders in the market and follows their trading strategy. With eToro, you can copy up to 100 traders’ portfolio all at once and browse through their portfolio.
Tip: Min investment per trade is $200, and Max is Half a million.
eToro was established in 2007, where they started as a fin-tech Israel-based startup. Today the company is regulated by the following financial authorities: Australia, Cyprus, UK:
- As one of the best FCA regulated brokers, eToro is licensed by The Financial Conduct Authority (FCA).
- Australian Securities and Investments Commission (ASIC) regulated eToro. That makes is one of the best ASIC Regulated brokers in Australia
- As one of the best brokers in Cyprus, eToro is licensed by the Securities and Exchange Commission (CySEC)
eToro offers investor protection. The protection covers up to £85,000 for UK residents and €20,000 for non-UK residents.
eToro market research is comprehensive and easy to search through.
You can set a price alert to notify you when your preferred asset reaches a certain price range. This way, you will be notified based on the trigger that you’ve configured.
The advanced charting feature is pretty insightful and very good for experienced traders.
When conducting technical analysis or working with a dashboard, it saves automatically and equips you with over 70 indicators.
The economic calendar is a good tool to monitor the volatility of different assets every quarter. eToro’s Economic Calendar gives you access and insights about certain events throughout the year, so you can see what event is impacting the market.
Here is how the portfolio dashboard looks like:
Not only spreads are tight, but training on how to get the best out of the eToro platform is instrumental.
We think eToro offers education through different channels, and they are sufficient to get started.
- eToro webinars are available on demand. During the webinar, you’ll learn more about their trading platform features.
- Podcast and audios to follow with your preferred topic.
- There is also Market Watch, where you can focus more on technical analysis and ask your questions for more clarification. This is conducted every week.
- For those in London, you can attend classroom trading. Apart from the eToro platform, you’ll get a crash course on online trading in that class.
- You will get a demo account and a 100k balance to practice.
- eToro learning lab has plenty of recorded videos that walk a beginner through A-Z of trading.
eToro is one of the best copy trading brokers and forex brokers that keeps innovating their services. The brokerage company is a fully-regulated broker that offers Forex trading and offers zero-commission stock trading.
Education is pretty good and available via webinars, classroom training, videos, and a demo account with $100k virtual money to practice and learn. You can confidently find the right instrument to trade with around 47 currency pairs and 1900 Stocks CFDs.
Not only the account opening process is automated and smooth, but also it allows you to follow the other traders and perform social trading, copy trading, and portfolio trading.
Although it does not charge a commission, forex fees are comparatively high. The only base currency you can keep your money is USD accounts, resulting in incurring conversion fees later.
eToro’s support team responds fast if you use their live chat service, but you may get stock for up to 7 days when asking for help via email.
- Low Non-Trading fees
- Low Forex Fees
- Low CFD Fees
- No Withdrawal Fees
- No minimum deposit
- Limited portfolio & offers (Only CFD, Forex)
- Investment protection is not available in all countries
- Axi does not provide fundamental data
Whether you trade currency, speculate, or go for a spread bet, you can always find legal brokers in the UK. Generally speaking, most online brokers (AxiTrader included) charge you fees in these categories.
- Spreads (from 0.0 pips)
- Financial Rates
- Conversion Fees
- hedging strategies
Adjusting leverage is essential for traders, and Axi allows you to change the leverage.
Axi’s fees are built into spreads:
✓ S&P 500 CFD fee is low, and around 0.6 average spread fees.
✓ For GBPUSD and EURUSD, the commission is $3.5 per lot, which both are pretty low. You’ll be charged a small spread too.
✓ AxiTrader does not charge extra fees, such as inactivity fees.
The table below provides a deeper insight into Axi’s fees and help you compare online brokers side by side.:
Let’s have a look at Forex fees and compare it with Pepperstone & IC markets.
|Forex Scenario||AxiTrader||Pepperstone||IC Markets|
AvaTrade, eToro and Markets.com are among the best forex brokers in South Africa. These brokers have a solid reputation worldwide and regulated by top financial authorities, making it a good choice for South African traders to open an account.
Axi online trading platforms are useful for those who just started trading and traders with years of experience. In fact, MetaTrader 4 is their default platform that you can use, and since most forex traders are familiar with it, the onboarding process becomes very smooth.
Apart from PC based and Mac-based trading software, AxiTrader offers web traders who prefer browser-based trading.
AxiTrader has built its own trading platform too. It’s called “PsyQuation”, which is an AI-driven analytics platform.
With PsyQuation, MT4 users can access actionable strategies and ideas to improve their trading performance and strategies. AvaTrade claims that it has tested on 140,000+ traders.
It’s a very volatile market these days, but as far as you make informed decisions, wherever you find risks, there are rewards too.
AxiTrader’s portfolio has positive and negative sides. Trading products & offers are comparatively lower than the other top FX brokers, but a $0 Starting deposit and 140+ Products is a good place to start.
If you are an experienced forex trader, you probably have your own strategy and adjust the leverage. The positive side is that you can change the default leverage, which comes in very handy for online currency traders.
Overall, the main trading options that you can find in AxiTrader are:
- Stock Index CFD
- Foreign Currency, Forex with 80 currency pairs
- Commodity Contract for Difference
Singaporean traders who had traded with Axi know it with a different name. In fact, AxiTrader is the old name of Axi that was rebranded in 2020. Axi is a well-known Australia based brokerage firm and belongs to AxiCorp Financial Services Pty Ltd (AxiCorp). The forex broker is regulated by:
- As one of the best forex brokers in Dubai, it’s regulated by the Dubai Financial Services Authority (DFSA)
- Australia’s financial authority: the Securities and Investments Commission (ASIC).
- AxiCorp (ACN 127 606 348 and NZBN 9429042567608) holds an Australian Financial Services Licence (AFSL number 318232).
- AxiTrader is not publicly listed on the stock exchange.
AxiTrader’s investment protection, especially if you are from Europe, is up to £85,000
When it comes to research, AxiTrader offers news feeds, shares it through its MetaTrader Platform, and daily updates its website. If you are trading from Nigeria, you can easily access the news feed and economic calendar.
Decent technical analysis tools (in 21 languages) is at your disposal, So you can enjoy the UI and user-friendliness of the trading platform and perform technical analysis with up to 31 indicators (including trend lines and Fibonacci retracement, etc.)
AxiTrader offers financial news through its MetaTrader 4 platform. This is great, as many other brokers using the MT4 platform don’t offer news. On the negative side, the news lacks charts and other visual elements.
We liked the market analysis section, which can be found on the website under ‘Market News & Blog.’
There is also an economic calendar available with many filters, such as for country or category, which is a great feature.
AxiTrader also offers news through its website. The articles are of good quality, and they are updated daily.
AxiTrader offers fair education for beginners and even better quality training for experts. Here are 5 categories of education that you’ll get:
In Partnership with Knightsbridge Trading Academy, you will be able to join an online trading course that the London Stock Exchange provides.
The trading course is accredited by the academy and, as stated, worth about “$2,750”. The good news is that you won’t pay for it if you meet any of the criteria mentioned in the image below:
Additionally, you can open AxiTrader demo accounts free for 30 days or permanently available if you choose to switch to any live account.
Overall, Axi is a safe and regulated broker. It’s made it to our top 10 broker list of no deposit brokerage companies.
Since it charges you deficient fees for forex trading, you can consider them among the other best low fee brokers for foreign currency trading.
When it comes to online trading, customer care becomes very important to FX traders. AxiTrader’s support team respond fast via email, phone calls and also available to talk via live chat, but they have yet to establish a 24/7 support process.
With 80 currency pairs and low fee trading opportunities, AxiTrader one of the best no deposit forex brokers for beginners. While you can easily do technical analysis and use its charting feature, no Fundamental data or trading ideas are available.
AxiTrader’s Education & tutorials are straightforward to understand and high quality. Besides having a demo account, you can easily begin trading with zero minimum deposit.
AxiTrader has already developed an AI-powered trading platform that integrates with MT4. It’s called “PsyQuation” and enables you to access actionable strategies and ideas to improve your trading strategies.
- Low-to-Average CFD Trading Fees
- Provides Trading Ideas
- Offers Negative balance protection
- Well Regulated in Top-tier Financial Markets
- It does not offer fundamental data
- Portfolio is limited mostly to CFD and Forex
- Comparatively High Minimum Deposit
FXTM Fees vary from one account type to another:
Here is an example of the commissions of ECN accounts for USD accounts with below $3000 & less than 100Million trading volume:
- EURUSD: (1 * 100,000 * 1.21892) / 1,000,000 * 20 * 2 = 4.88 USD
- AUDCAD: (1 * 100,000 * 0.97969) / 1,000,000 * 20 * 2 = 3.92 CAD / 1.30231 = 3.01 USD
- XAUUSD: (1 * 100 * 1,323.25) / 1,000,000 * 20 * 2 = 5.29 USD
- WSt30m: (1 * 10 * 24,182) / 1,000,000 * 20 * 2 = 9.67 USD
- STOX50: (1 * 10 * 3,443.4) / 1,000,000 * 20 * 2 = 1.38 EUR * 1.15786 = 1.60 USD
The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into the spread.
✓ For S&P500 CFD, the fee is a 1.4 average spread fee, and Euro50 CFD the fee is a 3.3 average spread fee; Both are considered low.
✕ For EURUSD, the fee is 0.6 pips average spread fee, which is considered high.
✓ There will be a $5/m fee for 3 months of inactivity.
Standard: 100 $/€/£ ₦20,000
Cent: 5 $/€/£ ₦1,000
Shares: 100 $/€/£ ₦20,000
ECN: 500 $/€/£ ₦20,000
ECN Zero: 200 $/€/£ ₦20,000
FXTM Pro: 25,000 $/€/£ ₦5,000.000
Investment account: 100 $/€/£
FXTM uses MetaTrader 4 & MetaTrader 5 as it’s main trading platform. This way, you can easily use Expert Advisors or EAs.
FXTM forex trading indicators are available via MT4. A few important ones are listed here:
- Orders Indicator
- Pip Value Calculator
- Pivots SR Levels
- Spread Indicator
- Day Bar Info Indicator
The platform is available for Windows, Mac Os, Android, IOS. If you don’t want to install the software or trading App, you can use a web trader.
Unique trading opportunities you can find in the Arab region, the Persian Gulf, and GCC countries are interesting. The portfolio that with FXTM trading App provides you is limited to:
- Forex: Major, Minor & Exotic currency pairs
- Gold and silver
- 180 major company shares
- CFD Commodities, including UK, US
- Crypto including Bitcoin, Ethereum and Litecoin
FXTM is not a stock-exchange listed broker but the company maintains a good reputation. In fact, FXTM is regulated in the following markets:
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Services Commission of Mauritius (FSCA)
- The Financial Conduct Authority (FCA)
Besides, FXTM allows you to follow experienced traders with FXTM Invest. This is FXTM’s copy trading platform.
FXTM’s investor protection amount is £85,000 in UK & €20,000 in EU
Forex trading for US citizens is a bit tricky. The legal situation is very similar to Canada as both countries are stringent on trading CFD and forex. Therefore you can not find many brokers to operate in that region legally.
We have written a different post and listed the best forex brokers in Canada. Forextime.com offers a fair deal of tools such as the Pivot Points Strategy to determine price direction when it comes to research.
Also, offer updated news feeds that are available to everyone. Unless you use their desktop platform, you can not set alerts and notifications on Forex time platforms.
Detailed features that you can find on the Market Analysis topic are:
- Live economic calendar.
- Regular Newsfeed
- Forex News
- Market updates (every Tuesday)
- Quarterly market forecast
- Annual market overview.
Forex Time offers trading ideas, but you won’t find useful fundamental data.
FXTM might not be the best currency brokers for beginners, but it offers different forms of educational materials such as:
- With the “Monthly market” outlook, you can follow their discussions every month. It covers important events around the world.
- Training materials and education are available in eBook format.
You might even enjoy using the interactive periodic table of trading that helps you learn the terminologies:
Here is an example when you search for Pip: “A pip, or ‘Percentage in Point’, is defined as a minimal measure of change that can see in an exchange rate quote.”
Besides, FXTM education comes in the forms of:
- The yearly economic calendar is publicly available.
- Webinars are regularly scheduled.
- Training videos
- Virtual seminars
- Live Q&A that you can use and even ask their trading experts to answer your questions.
Not only you will get a demo account, but you will also have access to in-depth articles and lots of videos (about platform and trading).
It’s necessary to have access to charting tools, and FxTM offers the tool; however, it does not look modern.
Indian traders can fins their best forex broker list here. ForexTime offers a modern trading app and a strong Mt4 based desktop trading platform. With over 160 Stock CFDs and 48 currency pairs, you can easily find enough currency pairs to trade Forex.
When you log in to your MyFXTM dashboard, you can see trading signals and choose CopyTrade. The question about its regulation and whether FXTM is a scam or regulated is clearly answered here, and it is a safe broker to trade with.
Market research and analytics are strong, and FXTM’s customer support team respond fast via email and live chat.
Opening a demo account is literally instant, and switching to a live account can be done in one, or max, three days. By the way, the minimum deposit of an ECN account is $500.
Trusted brokers have certain characteristics that differentiate them from scams.
First and foremost, top fx brokers are all regulated by financial authorities.
Secondly, they manage their reputation and offer support to no-satisfied customers.
One of the most important factors that concern both beginners and professional traders is brokerage fees. Most popular brokers are very transparent about their fees.
Several other factors add value to broker ranking, such as trading instruments, withdrawal fees, trading platform, research tools, education, and investor protection.
When you pay attention to these factors, you can see why we have blacklisted-brokers as forex scams
and unregulated brokers. It would be best if you stayed away from them and not be intimidated by their offers.
If you are a beginner, be cautious when trading Forex because the instruments are risky & you might lose your capital. In fact, if you’re not ready, you can start reading our trading blog and open a demo account in one of the top forex brokers list to practice.
If you’re an experienced trader, you go ahead and review the factors below and switch from your broker to the best brokers or open a new live trading account.
Lastly, choosing the right trading platform can put you ahead of the game. The good news is that most popular forex trading apps support the following languages.
Bulgarian Chinese Croatian Czech Danish Dutch, Estonian Finnish French beste forex broker in German Greek Hebrew Hindi Hungarian broker CFD Terbaik in Indonesian Migliori broker CFD in Italian Japanese Korean Latvian Lithuanian Malay Mongolian Persian Polish melhores corretoras forex Portuguese in brazil Romanian Russian Serbian Slovak Slovenian Spanish bästa CFD-mäklare in Swedish Tajik Thai Traditional Chinese Turkish Ukrainian Uzbek Vietnamese.