We have compiled various rankings and comparisons of the best forex brokers in each category over time. This review attempts to bring together the finest of the best, the most reputable, and trusted forex brokers in the world; all of them excel in terms of service quality. This list isn’t in any particular order; rather, it’s a compilation of the most popular forex trading brokers based on which are well-regulated, legitimate, and trustworthy.
1. Best Forex Broker – Olymp Trade
This newly established trading broker has attracted a large number of viewers and users across its platform. It is simple to trade with Olymp Trade because they feature a user-friendly interface that can be easily comprehended even by novice traders. It features a practice account that you may use to learn more about trading methods and tactics.
FXTM makes it simple to open a trading account because all you have to do is join up with their official account and go from there. You can also discover some new tactics that will come in handy in the future. Indicators and charts are available on the platform, which you can use in your trading account.
3. IC Markets
IC Markets, situated in Sydney and formed in 2007, is the first Australian forex trading broker and one of the largest in the world, with a recent surge in popularity. IC Markets is known for its cutting-edge ECN technology, which has helped it establish itself as one of the leading spread brokers. As a result, scalpers and day traders, who conduct a high volume of daily transactions, frequently choose IC Markets.
The ECN trading system, which is one of the best in the Market, is without a doubt the essential Pepperstone feature. Pepperstone offers a variety of account kinds to meet all clients’ demands, from the typical trader to high-volume traders, EA users, and more.
Founded in 2009 in Cyprus, XM is one of the country’s largest forex brokerage firms, with high client retention. In recent years, they have experienced significant expansion. XM exclusively offers the MT4 and MT5 platforms, and over 99 percent of all trading orders are processed in under one second, with no re-quotes or rejections. They may also be able to provide extremely high leverage of up to 1:888, which may be appealing to some.
AvaTrade is one of the few top trading firms that provide fixed spread trading. There are several account kinds available at AvaTrade, including a retail account for ordinary trading, an account for options trading, and a specialized spread betting account.
When it comes to award-winning currency brokers, FxPro has received numerous honors for its MetaTrader and cTrader trading platforms throughout the years. FxPro is one of the most awarded companies in the industry, having earned over 70 honors over the years.
Plus500 is a currency broker that offers CFDs and is a market maker. Plus500 offers over 2000 tradable CFDs in addition to the major forex currency pairings. Plus500 does not use the traditional MT4 or MT5 platforms for trading; instead, it uses its own web, desktop, and mobile platforms that are specifically developed to improve the CFD trading experience.
9. Saxo Bank
Saxo Bank is a bank as well as a regulated forex broker. This broker, a Danish firm created in 1992, is not for everyone’s budget. Once inside, though, you’ll have access to a highly-skilled broker who can help you trade real-world instruments, including futures, options, ETFs, stocks, and bonds.
Although iForex is not well-known, it has received positive feedback from traders and financial organizations. There are over 800 instruments to trade in on this web and mobile-based platform. It works in a one-click trading deal to make a lot of money. Yes, newbies should not be concerned; it includes techniques, markets, and charts that may be used while trading.