Choosing a reliable broker in the Forex market is a key factor in achieving success in this business. Not surprisingly, finding a broker that meets your expectations can be difficult. In addition, different brokerage companies offer a different set of services, platforms, conditions and trading technologies.
The concept of our site is based on collecting as much useful information as possible, allowing you to most accurately assess the status of the reputation of brokerage companies and dealing centers. As a rule, an honest brokerage company guarantees the protection of deposits of its customers, thereby giving more confidence in the safety of funds. An independent assessment of the quality of services among numerous companies is aimed at its further use in the interests of Forex market traders.
- Not very large, but nevertheless, you can afford to take a chance and make a profit, which sometimes exceeds the annual yield by several times.
- In the near future it will be replenished with new criteria, additional conveniences of analyzing companies and choosing a forex broker that suits you best.
- In this article I will give a list of companies that work according to this scheme and provide the best trading conditions for their clients.
- Our independent rating of Forex brokers is based on many criteria and will become an indispensable tool in evaluating and choosing a broker.
A broker using commissions may charge a percentage of the position size (it must be said that this is more common in the case of trading instruments such as stocks and CFDs on stocks than with Forex currency pairs). Security Fund – choose a Forex broker with European bank accounts and, in particular, diversified bank accounts. Finding a competitive Forex broker with a focus on a narrow spread is not a good idea, since the displayed average spread does not guarantee that it is applicable to your specific type of order.
Studying Forex brokerage companies, it is also worth paying attention to trading conditions. Everything is individual here, but the main thing is the speed of execution of orders and the minimum spread.
Choose a broker
XTB Group is a world leader in Forex and CFD trading. They started out as X-Trade in 2002, then subsequently went through a merger to become XTB in 2004. They have offices in over 13 countries all over the world, and are regulated by the largest financial regulatory authorities in the world, including FCA in the UK, as well as national regulators in a range of other European countries.
Licenses from European regulators
More than 15 years of experience
Option for STP account
Strong educational tools and resources
Relatively high minimum deposit
Offers only two trading platforms
Social trading not available
Leverage operability is not very high
Darwinex, founded in 2012, opened an office in London and in 2013 received a work permit through Tradeslide Trading Tech Limited, an FCA registered company, which is certified throughout the EU through MiFID. This is a Forex broker and management company founded by Juan Colon, Javier Colon and Miguel Gonzalez. Management seeks to create an excellent platform without fraud. Currently, the company serves traders and investors from more than 100 countries and is a recognized trading provider.
Risk automatically limited
FSCS (UK) capital protection
Segregates client funds
High initial deposit amount
No bonus offer
No live chat available
Limited trading tools
«Markets» online forex and CFD broker is a very popular forex broker among traders. In addition to the trademark TradeTech Markets Limited, the company is a serious forex broker that has been in operation since early 2000. Being one of the early leaders in the retail forex space, «Markets» has evolved to become one of the well known and reputable forex brokerages with over 10 years of successfully running the forex brokerage. Broker offers a very wide range of assets, including CFDs on Indices, Currencies, Commodities, Stocks, Cryptocurrencies, ETFs, Blends and Bonds. More than 2,000 instruments are available on the platform.
Wide range of assets
Low trading fees
Reliable trading terminals
No support on weekends
Website could confuse new traders
Higher than average swap rates
No deposit in cryptocurrency
Clients of the bank are thousands of private investors and traders from more than 100 countries of the world. Customer service is carried out from the headquarters of the bank in Copenhagen, as well as from 12 offices located in major cities in the world. Trading is carried out online using the SaxoTrader program, which is a bank's own development. In addition to SaxoTrader, Saxo Bank offers Saxo WebTrader and Saxo MobileTrader Internet programs that allow transactions through an Internet browser and mobile phones.
Wide range of financial instruments
Large banking Institution
Delay in withdrawing funds
High cost of trading accounts
Limited payment methods
No bonuses and no shares
Forex broker OANDA is an active participant in financial markets. The company stands out among traditional forex dealers, because in addition to providing customers with access to the foreign exchange market, it is also a market maker. Due to this, as well as a well-deserved reputation for over 20 years, the OANDA broker is very popular among traders around the world. The company is primarily focused on providing brokerage services to users from Europe, USA, Australia and Japan. This is a broker known to experienced traders.
Open and transparent pricing
High quality execution of transactions
Slower phone support
Few cryptocurrency tools
Few ways to enter and withdraw funds
HY Markets (HYCM) company provides a variety of financial services in more than 140 countries. HY Markets brokerage company headquarters are located in London, Hong Kong and Cyprus. HY Markets is regulated by the British Economic Control Authority, Cyprus Securities and Exchange Commission, Cayman Islands Financial Authority, Dubai Financial Regulatory Authority, and Supervisory and Regulatory Authority of Saint Vincent and Grenadines business companies.
40 years of experience
Excellent trading platform
Highly secure & reputable
Favorable terms of trade
Scalping is not allowed
No copy or social trading platform
Limited Info on website
Slow work of support
GAIN Capital Holding's «Forex» is regulated by FCA in the UK and the respective regulatory agencies in the US (NFA), Japan, Hong Kong, Singapore, Cayman Islands, Australia and Canada. It is popular with beginners and advanced traders alike, with a proprietary platform FOREXTrader Pro that offers plenty of charting capabilities and intuitive trading.
World forex market leader
Fast execution of orders
Security of information and cash
Access to a huge range of assets
Limited account types
Delays in the withdrawal of funds
Site works only in several languages
Lengthy registration process
EasyForex was established in 2003 and currently acts as a broker with global reach. It provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs, commodities and metals, to options on both its proprietary platform and the ever popular MetaTrader.
Simple and professional business solutions. From world-class trading platforms with expanded order execution and risk management tools to real-time market data and real-time streaming, Easy-Forex ® helps partners deliver advanced trading technologies and solutions to customers worldwide.
Easy web trading platform
ASIC & CySEC licensed
Great deposit and withdrawal tools
Exclusive market news and analysis
Limited research tools
High trading fees
Slow withdrawal of funds
Limited product portfolio
The company provides traders with access to the financial markets, allowing them to trade thousands of assets. These financial assets include stocks, forex, cryptocurrencies, CFDs, commodities, and indices. IG has been known to provide top-notch services to their customers over the past few decades, allowing them to access effective trading tools, an economic calendar, market analysis, daily news, an intuitive trading platform, educational resources and other vital resources.
Thousands of markets
Guaranteed stop losses
Highly regulated broker
Limited payment methods
No copy or social trading platform
High inactivity fees
Low leverage for UK and EU traders
An international company with a turnover of $20 billion is automatically credible. A company registered in Ireland entered the global financial market in 2006. Customers can choose from several types of platforms. Beginners begin to get acquainted with the intricacies of working on a financial exchange with a demo account. Due to these features, reviews about the AvaTrade broker are mostly positive.
Forex vanilla options
Advanced order types available
Exclusive market news and analysis
No scalping allowed
Slow withdrawal process
No discounts for high volume traders
Inactivity fee on stagnant accounts
Today, there are a lot of scammers on CFD trading sites, and very often on these sites not very strict rules apply or they are not regulated at all. For example, having a European passport, any financial company registered in one of the countries of the European Union has the right to offer brokerage services in other countries without the need for additional agreements.
* FCA is one of the strongest European regulatory authorities, and every broker complying with this regulation is required to indicate this in a prominent place on its web page.
In order not to make a mistake in choosing a broker and make the right decision, you need to consider many aspects. You must also make sure that the broker you have chosen has a good reputation and is able to satisfy your trading requirements.
TOP brokers allows you to determine the winning broker and more objectively reflect the change in opinion of voters during each month. We also recommend that you read our rating of Forex Brokers. TOP Forex Brokers is formed on the basis of votes and reviews of real traders.