Best Forex Brokers | Top 5 Best Forex Brokers.
In the world of making online money, People try to find ways to earn money online.on the other hand, there are also some parts of the world, people still believe that earning money online is a scam. But as the years pass, people, start realizing that earning money online is not a scam, everyone can earn money online through different ways, like affiliate marketing, email marketing, online stores. But the best and quick way to get rich online is Trading. Yes, you have heard it right. You will get rich quickly in forex trading but there is also a big risk in trading. The sooner you earn a profit, there are also chances you will face losses. So, if you decided to make money through forex trading, the first thing you need to do is, find the Best Forex Brokers.
In this particular article, we will talk about the Top Forex Brokers ( Trading platforms) in the world. The most trusted and most used brokers in the world. And which one is perfect for you.
Let’s begin with our topic.
What is the Best Forex Brokers?
Forex Broker is also known as a forex trading platform. In general, Forex Brokers are those who provide a platform to traders to access buying and selling of foreign currencies in the Forex Market.
We have a list of brokers that are available all over the world.
Top Forex Brokers List.
TD Ameritrade FX XTB IG Swissquote Saxo Bank Interactive Brokers HYCM eToro OctaFX Exness Tickmill EasyMarkets XM FXTM FXCM FXPRO HOT FOREX PEPPERSTONE AVATRADE FBS BLACKBULL MARKETS LEGACYFX ONIVEST CITY INDEX OANDA IQ OPTION CMC Market LCG.
The above-listed trading Platforms are commonly used all over the world. Firstly, we will discuss the top 5 Best Forex Brokers in the world and then others, you can read them also to gain knowledge.
Best Forex Brokers.
Top 5.
1.IG.
IG Group is considered one of the Best Forex Brokers. The IG Group was found in 1974 and is regulated by the (FCA) in the U.K. and (ASIC) in Australia. However, they are able to trade forex, CFD’s, and options.
Sources from IG group.
Demo account Platform tutorial videos General educational videos Webinars Live sessions.
Client Support Service is available 24/7 via Live Chat, Phone, and Email. While you can contact them any time.
2. CMC Market.
It was established in 1989. CMC Market is also listed on the London Stock Exchange (LSE). It is considered safe Best Forex Broker because of its long track record. One of the best things about the CMC Market is, there are no charges on deposit or withdrawal except same-day withdrawal. It has low forex fees than others. In CMC Market traders can trade with 10,000 instruments, which is huge, and also offers guaranteed stop loss.
You can use their web platform and also app trading platform. But keep in mind one thing if you are from the USA. It doesn’t accept traders from United Stated.
Account types.
Demo account CFD account Spread betting account Corporate account Professional account.
3. LCG.
LCG( London Capital Group) is a platform for beginners, for those who are new in forex trading. It was founded in 1996. LCG has become the UK’s most experienced and one of the Best Forex Brokers online. It provides access to a broad selection of CFDs and several different assets classes.
You can trade more than 5000 instruments with the LCG Trading Platform. You can deposit money through bank transfers, e-wallets like Skrill and Neteller. But you have to pay 2% fee for depositing.
Don’t worry about 2%. You will be rewarded with an extra 10% after the deposit.
You can do trading at their official website and also app trading platform. Customer service is available 24/5 telephone support and live chat.
Account types.
Islamic account Standard account ECN account.
4. Saxobank.
However, Saxobank is a globally regulated, multi-asset class dealer that provides customers the choice to trade on more than 40,000 instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds and Mutual Funds from a single account throughout a number of platforms including their very own – SaxoTraderGO and professional-grade SaxoTraderPRO. It is one of the Best Forex Brokers.
While traders can deposit funds via bank transfer, credit, or master card. Customer support is available seven days a week.
Account types.
Classic account Platinum account Vip account Professional account.
5. XTB.
Fifth Best Forex Brokers is XTB. XTB was founded in 2002. However, It is a low pricing platform, suitable for those traders who want a cheap trading platform with the best features. One of the best is negative balance protection” which has become an important feature that the Best Forex Brokers are offering these days.
But the bad thing about this platform is, it does not accept US clients, that’s it is not a global trading platform.
Account types.
Standard account Pro account Islamic account.
These are the top 5 Best Forex Brokers in the world.
Read below Forex trading platforms to gain more knowledge and have a better understanding about them.
TD Ameritrade FX.
TD Ameritrade FX is a US-based trading platform. It was founded in 1975. TD Ameritrade is publicly traded and also operates with banks. The risk factor of this broker is considered low risk than others. You can trade 80 currency pairs with it.
Swissquote.
However, it offers traders the ability to trade in Forex, CFDs, and Options on a variety of asset classes which includes Currency pairs, FX Options, Metals, Indices, Commodities, and Bonds. While traders can choose to trade on a variety of trading platforms including the bank’s own Advanced Trader platform and MetaTrader 4 and 5.
Swissqoute trading account.
They offer their customers four different accounts.
Standard Premium Prime Professional.
However, Traders can deposit their funds through bank wire transfer, visa card, or MasterCard.
Customer Service is available 24/7 via Live Chat, Phone, and Email. You can contact them any time.
Interactive brokers.
However, Interactive Brokers offers two accounts in two big groups.
For individuals traders and investors For institutions.
HYCM.
HYCM was found in 1977and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.
Although, you can start trading with a minimum deposit of 100 USD dollars.
A variety of instruments and currency pairs are available for trade:
Over 100 instruments Over 40 currency pairs.
Benefits of trading with HCYM.
Allows scalping Allows hedging Low min deposit.
It also offers a demo, mini, micro, standard, and Islamic accounts. While the minimum deposit is different for every account type. Every account has its own place. Customer support service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat, and Phone – 24/5.
eToro.
It was found in 2006. The head office of eToro is in U.K. and Cyprus.
The minimum value you can deposit is 200 USD dollars and start trading. However, It offers to include Demo, Micro, Mini, Standard, STP, and Islamic. 24/6 customer support is available via telephone.
OctaFX.
It is an online dealer that was founded in 2011. Also, It offers accounts in the demo, Mini, micro, standard, STP, zero spread account, and Islamic account. While OctaFX is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.
Benefits.
Allows scalping Allows hedging Offers STP Low min deposit Guaranteed stop loss Offers Negative Balance Protection.
Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp in multiple languages.
Exness.
Exness was found in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks, and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms.
However, Standard Accounts include the Standard and Standard Cent. Professional Accounts include Raw Spread, Pro, and Zero. Demo accounts and Islamic swap-free accounts are also available. Although, Exness offers over 105 different instruments to trade, including over 103 currency pairs.
However, Its customer support service is available in English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.
Tickmill.
While, Tickmill offers trading on 80+ markets covering Forex, Indices, Commodities, and Bonds on the MetaTrader 4 trading platform for Windows, Mac, Web, Android, and iOS.
Tickmill has three different account types.
Pro classic Vip.
Client service is available via Telephone, Email, Online Contact Form, and Live Chat.
EasyMarkets.
This forex trading platform is the most popular choice among beginners.
Enhanced risk management tools as standard Fixed spreads on all forex pairings An easy to use trading platform.
The three key management risk tools are, deal cancellation, Guaranteed stop-loss orders and the last is negative balanced protection.
Standard, Premium, VIP and super Vip accounts are offered by Easymarkets. The minimum deposit for standard account is 100 USD dollars, Premium account is 1000 USD dollars, Vip account is 2500 USD dollars while the Super Vip account deposit is 50,000 USD dollars.
Customer Support is available 24/5 via various chat channels, email, phone.
XM.
However, XM was founded in 2009. Headquarters are available in Cyprus, Australia, and Belize. XM is a very wide forex trading platform. Although, It is working in 196 countries all over the world and offers customer support service in 30 languages.
While, Four main account types are on offer – Micro, Standard, XM Ultra-Low Account, and Shares Accounts. You can start trading with Min. 5 USD dollars. But It offers to trade in Mt4, MT5 and XM Webtrader.
Customer Support is available via live chat, email, and phone.
FXTM.
It was founded in 2011. Although, FXTM offers users seven different account types where the execution method, range of markets, available platform, and commissions and fees may vary.
forex trading markets by FXTM.
Forex Cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc) CFDs for Indices and Commodities (FTSE, DAX, Nasdaq, etc) Spot metals (Gold, Silver) Shares CFDs (Apple, BP, Google, etc)
But Customer Service is available to phone, email, online chat options – WhatsApp, live chat, Viber, Telegram, or Messenger.
FXCM.
However, It is considered as one of the low-risk trading platforms. FXCM does not operate a bank, it is operated publicly and is regulated by the UK.
Platforms and tools.
Trading Station desktop Trading Station web Ninja Trader: Algorithmic Trading:
FXCM provides free phone support for the residents of 42 countries plus support via SMS, e-mail, and live chat.
FXPRO.
FXPRO was found in 2006 and is an online broker. It offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals, and Spot Energies trading.FxPro is also a member of the Investor Compensation Fund scheme.
To start forex trading with FXPRO you will need to deposit a minimum of 100 USD dollars.
FXPRO can be traded with.
Over 250 instruments Over 70 currency pairs.
Trading benefits include.
Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection.
The minimum deposit depends on the account type.
HotForex.
However, HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA, and SFSA. It offers a fast order execution, news feed, multiple order types, support for EAs.
It also supports MT4, MT5 for desktop, web, and mobile. While The minimum deposit is 5 USD dollars. Trading instruments are forex, Cryptocurrencies, CFDs on Stock Indices, Commodities, metals.
Customer support is available via phone and email.
Pepperstone.
Pepperstone is regulated by the(ASIC), as well as (FCA).It was founded in 2010.Three types of accounts are being offered by Pepperstone are Razor, Standard and swap-free.
Three trading platforms:
While all the above three FX trading platforms come with a free demo account.
Depositing funds can be done through bank wire transfer, visa card, Nettler, Skrill, QIWI, Mastercard.
Avatrade.
Avatrade is an online dealer and the most popular forex trading in Pakistan. However, It was founded in 2006. And offers Forex, CFDs, Spread Betting, and Social Trading and is a global broker with its head office situated in The British Virgin Islands.
Although, Avatrade account types are Demo, Micro, Mini, Standard, and Islamic, and allows traders to execute a minimum trade of 0.01 Lot. But to start trading with this platform, you need to deposit minimum of 250 USD dollars. You can also download the Avatrade app for android and IOS.
While, Avatrade is for all kinds of traders like beginners and for advanced traders to trade in over 250 instruments and over 80 currency pairs.
AvaTrade Trading benefits include.
Allows scalping Allows hedging Low min deposit.
Client support is available by email, phone, or live chat.
FBS.
FBS is a Forex and CFD broker offering to trade on Forex, Indices, Stocks, Metals, and Energies on the MetaTrader 4, MetaTrader 5, and trading platforms for PC, Mac, Web, Android, and iOS.
It offers five account types i.e. cent, standard, zero spread, micro, and ecn. However, The minimum deposit for cent is 1 USD dollar, for standard is 100 dollars, for zero spread is 500 dollars, for micro is 5 dollars and for Ecn is 1000 USD dollars.
While FBS offers customer support 24 hours a day, 7 days a week via a Call-back service, online Live Chat, Telegram, Viber, and Facebook Messenger.
Blackbull Markets.
However, It is a forex and CFD brokerage which is regulated by Newzeland (FSPR). Trading instruments on offer include more than 20 foreign currency pairs, six major stock indices, and the popular commodities gold, silver, as well as WTI & Brent oil which can all be traded with classic MetaTrader 4 (MT4) or MetaTrader 5 (MT5) trading platforms.
LegacyFX.
It is regulated by the (VFSC) and was founded in 2012. LegacyFX offers users the ability to trade on more than 200+, Metals, Oil, Cryptocurrencies, Indices, and Stocks.
It offers 4 different types of trading accounts called Silver, Gold, Platinum, and VIP on offer. Traders can also use a demo account. You can choose either you wanted a fixed or variable spread. It is traded on globally recognized platforms MT5.
Client support is offered via an Instant Chat function, Telephone and Email, and an Online Contact Form.
Oinvest.
However, It is a CFD broker that usually allows users to trades assets in Forex, Stocks, Indices, Commodities, and Cryptocurrencies on MT4 trading platforms.
It is regulated by (SFSA). It has four account types silver, gold, platinum, and Islamic account. While opening a trader account traders can choose to trade CFDs on a wide variety of different asset classes including 47 Currencies, 33 Cryptocurrencies, 15 Indices, 17 Commodities, 79 US Stocks, 76 European Stocks, and 78 Australian Stocks.
While Customer service support is available Monday to Friday from 3 am to 2 pm GMT via Live Chat, Phone, Email, and a Web Contact Form.
City Index.
City Index offers traders the ability to trade on 12,000+ instruments covering Indices, Shares, Forex, Cryptos and Commodities, all on the MetaTrader 4 platform. It is regulated by the UK financial conduct authority.
City index is a betting, CFD, and also forex trading broker.
However, City index offers three account types known as trader, premium trader, and professional trader. Customer support is available 24/5 via Live Chat, Telephone, Email, and an Online Contact Form.
OANDA.
OANDA is a globally regulated Forex and CFD broker. However, you have a choice of what you want to trade, Forex, Indices, Metals, Commodities, and Bond CFDs on Metatrader 4.
It offers two account types, every account has unique features. While you can choose one of them as your requirement, the first is standard and the second one is a Premium account.
While it is regulated by six of the most credible authorities by Australia ( AISC), United States (CFTD), Europe and UK ( FCA), Japan (IFFA), Singapore (MAS), and Canada( IIROC).
Via phone and virtual assistant customer service support are available.
IQ Option.
It is a forex and binary option broker from UK, Cyprus, and seychelles.
It also offers traders three trading account to choose from, Retail, Professional, and Demo.
For binary option trading.
30+ Currency Pairs Based on major and minor world currencies. 2 Indices BOs Based on DFMGI, TelAviv-25. 2 Metal BOs Based on Gold and Silver. 20+ Stock BOs Based on shares of US companies.
Assets for Forex trading.
90+ Currency Pairs Based on major and minor world currencies . 17 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Dash, Zcash, Qtum, Cardano, OmiseGo, Stellar, EOS, IOTA, NEO, NEM, TRON . 5 Indices CFDs Based on baskets of different blue-chip stocks. 3 Metal CFDs Based on Gold , Silver, and Platinum. 2 Energy CFDs Based on Crude Oil (WTI, Brent). 1 Soft CFD Based on Wheat. 130+ Stock CFDs Based on shares of US, UK and EU companies. 28+ ETF CFDs Based on exchange-traded funds containing various tradable assets.
Final words.
As we discuss Best Forex Brokers in this article. However, you can choose the Best Forex Brokers according to your preference, as we provide you with the Top Forex Brokers list above. It’s up to you, what broker you would preffer.
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