Binary option Trading MAR: Forex broker review 2017

The 3 Best U. S. Forex Brokers.

Latest Update November 11, 2015.

Because increased regulation by the CFTC and NFA caused several high-profile U. S. forex brokers to exit the market, it’s become much easier to identify the very best. In addition, higher capital requirements have made it difficult for some brokers to compete. Regulatory differences between the U. S. and the rest of the world include lower leverage limits, 50:1 compared to 400:1, and reduced access to other over-the-counter products like CFD contracts. The best U. S. forex brokers are well capitalized, understand the changing regulatory environment, and offer U. S. clients access to multiple trading products.

Thinkorswim is part of TD Ameritrade, the mega online brokerage house. U. S. customers can be confident that it is well capitalized and well regulated. This is because TD Ameritrade complies with regulations not only from FINRA, but also the NFA, SIPIC and the SEC. The thinkorswim platform conveniently enables you to trade forex, stocks, futures, and options all from one account, so U. S. clients can trade domestic stocks or interest rate futures alongside their forex trades. The ability to stress test your positions or see a real-time plot of your p/l are two examples of powerful trading tools that make thinkorswim one of the best U. S. forex brokers. These tools are accessed through any type of computer and almost any mobile device.

Forex is another great choice for U. S. forex brokers, but for slightly different reasons. Forex, a well-capitalized part of GAIN Capital Group in New Jersey, doesn’t provide robust access to other investment markets, but it is a cutting-edge Electronic Communications Network (ECN). This is important because many forex brokers are able to trade for their own accounts by trading on the buy and sell side. Sometimes, the broker can trade against the client. U. S. customers are generally accustomed to dealing with regulated exchanges such as the New York Stock Exchange and tend to favor the transparency that the ECN has over other execution methods.

Manhattan Beach (MB) Trading is a U. S. forex broker headquartered in California. Because it’s domestic, MB Trading understands the changing regulatory environment in the U. S. and has adapted well to them. MB Trading is well capitalized and has won several awards from Barron’s and other magazines for its platforms. Like thinkorswim, MB gives U. S. clients the ability to trade forex, futures, stocks, and options from one account on their powerful Lightwave platform.

We find the best of everything. How? We start with the world. We narrow down our list with expert insight and cut anything that doesn't meet our standards. We hand-test the finalists. Then, we name our top picks.

Forex Trading Reviews.

The Best Forex Trading.

We gathered a list of 65 forex trading brokers and reviewed 8 of the best forex brokers based on 86 different forex trading features.

Editor's Choice.

All Reviews.

Choosing the best forex broker for you.

The 3 Best U. S. Forex Brokers.

The 2 Best ECN Forex Brokers.

The 3 Best Forex Trading Platforms.

What forex trading features matter and why.

Account and Portfolio.

Account and Portfolio Information refers to the data and display options associated with the financial account and transaction information of a forex account. All of the best forex brokers will update account information in real time, display account balances, and provide history reports and statements. While Account and Portfolio Information is relatively important, it’s safe to assume that most forex brokers offer the most important features. An investor who requires specific portfolio reporting features may want to take a harder look at the features in this category.

Most important account and portfolio features.

Account History Reports – You can create reports or view statements of your portfolio or account information. Download Statements – You can download your account statements. Export Data – You can export your portfolio or account data. Gain/Loss – You can run gain and loss reports for tax planning. Order Status and Balance – You can quickly view your current trading positions, open orders, and account balance. Real-Time Updates – Your account balances update in real time.

Cross Currency Pairs.

Cross Currency Pairs includes secondary currencies traded against each other and not against the U. S. dollar. Examples include EUR/JPY, EUR/GBP, and CAD/JPY. This category represents another set of highly traded currency pairs that most reputable brokers offer. The Cross Currency Pairs category is especially important for a forex trading account denominated in a currency other than the U. S. dollar, or for more advanced traders exploiting discrepancies between other economies.

Most important cross currency pair features.

AUD/JPY – The broker offers trading in the Australian Dollar vs. Japanese Yen currency pair. CAD/JPY – The broker offers trading in the Canadian Dollar vs. Japanese Yen currency pair. CHF/JPY – The broker offers trading in the Swiss Franc vs. Japanese Yen currency pair. EUR/AUD – The broker offers trading in the Euro vs. Australian Dollar currency pair. EUR/CHF – The broker offers trading in the Euro vs. Swiss Franc currency pair. EUR/GBP – The broker offers trading in the Euro vs. British Pound currency pair. EUR/JPY – The broker offers trading in the Euro vs. Japanese Yen currency pair. GBP/CHF – The broker offers trading in the British Pound vs. Swiss Franc currency pair.

Major Currency Pairs.

Major Currency Pairs are the most important, most traded worldwide currency pairs available through a forex broker. These pairs consist of currencies from the world’s most developed economies including Europe, Japan, Canada, and Australia. A major currency pair is created when one of these currencies is traded against the U. S. dollar. Examples include EUR/USD and USD/CAD. Major Currency Pairs is an important category because these pairs represent the most heavily traded and liquid currency markets in forex trading.

Most important major currency pair features.

AUD/USD – The broker offers trading in the Australian Dollar vs. the US Dollar currency pair. EUR/USD – The broker offers trading in the Euro vs. US Dollar currency pair. GBP/USD – The broker offers trading in the British Pound vs. US Dollar currency pair. NZD/USD – The broker offers trading in the New Zealand Dollar vs. the US Dollar currency pair. USD/CAD – The broker offers trading in the US Dollar vs. Canadian Dollar currency pair. USD/CHF – The broker offers trading in the US Dollar vs. Swiss Franc currency pair. USD/JPY – The broker offers trading in the US Dollar vs. Japanese Yen currency pair.

Trading Technology.

Trading Technology encompasses all technology that enables the execution of a trade as well as tools to simplify trading or execute advanced strategies. The Trading Technology category includes a spectrum of features, from alerts and real-time quotes to the more advanced features such as automated trading and conditional orders. Trading Technology is one of the most important categories when considering a forex broker because the ability to execute a chosen strategy is highly important when forex trading.

Most important trading technology features.

Alerts – You can set up personalized alerts for your portfolio. Automated Trading – You can place trades by setting automated triggers. Conditional Orders – You can place orders that, when executed, immediately triggers or cancels another order. Customizable Interface – Layout and features of the trading platform can be customized and changed. In Chart Trading – You can use the charting tools to actually place trades. Real-time Charts – Real-time updating charting tools are available through the broker. Real-time Quotes – Up-to-date price quotes are available in real time.

Customer Service and Support.

Customer Service and Support is the availability of the forex broker’s support channels. The forex brokers with the best support are available during all trading hours through multiple channels including live chat, , and phone. Some of the top forex brokers also have retail locations where you can speak to someone in person. Support especially matters for online forex trading because forex markets trade around the clock, necessitating access to support at all hours.

Most important customer service and support features.

– You may access customer support by . Live Chat – You may access customer support by live chat. Phone – You may access customer support by phone. Trading Hours Support – You may access customer support during the majority of trading hours.

Mobile Trading.

Mobile Trading is the ability to access a trading account using a mobile device. Mobile Trading encompasses the availability of dedicated apps for a variety of devices, the functionality of the features within the mobile app, and how users have rated the application. Mobile trading continues to grow in importance as the quality of applications improves to meet the demand for high-performance, on-the-go trading tools.

Most important mobile trading features.

Android – The broker provides an app for Android devices. BlackBerry – The broker provides an app for BlackBerry devices. Create Alerts – You can create alerts with one or more of the mobile trading applications. Favorable App Store Reviews – Three or more stars have been awarded to the broker’s iPhone app from users in the Apple App Store or Google Play. iPad – The broker provides an app for the iPad. iPhone – The broker provides an app for the iPhone. Mobile Research – Research features are available using one of the mobile applications. Mobile Website – The broker offers a separate mobile website for accessing your account from a mobile web browser. Place Trades – You can place trades using your mobile device. Portfolio Tracking – You can track your portfolio using a mobile device. Streaming Quotes – Streaming quotes on mobile devices are available.

Research is the resources that a forex broker provides to their clients to help them make decisions and understand market activity. The research provided by the best forex brokers include advanced charting capabilities, third-party research, research reports, and market commentary. Forex trading can be highly computer driven, and some forex brokers offer traders access to historical data so they can back-test strategies before allocating real money. Research is an important category for traders who are looking for assistance in making decisions as well as independent traders who are seeking confirmation on a trade or a second opinion. Some of the more self-directed brokers offer less research amenities because they cater to more advanced traders who pay for third-party research.

Most important research features.

Charts – You have access to charts so you can conduct research on investment products. Historical Data – The broker gives you acess to historical exchange rate data. Market Commentary – You have access to market commentary from outside experts. News – You have access to daily market news and updates from third party services. Research Reports – The broker provides you with various research reports.

Trading Platforms.

Trading Platforms covers the different software platforms available for forex trading provided by the broker. Trading Platforms can differ based on a trader’s needs and are often categorized as a standard or professional platform. Additional platforms include mobile platforms to execute trades on the go and virtual platforms to test strategies without risking money. Trading Platforms is an important category if a trader is looking for a forex broker that can meet the trader’s needs as they change.

Most important trading platform features.

Mobile – The broker offers a platform to execute trades on a mobile device. Professional – The broker offers multiple platform levels including a professional platform. Standard – The broker offers multiple platform levels including a standard platform. Virtual Trading – The broker offers a virtual account for customers to practice trading without risking any actual money.

Introductory Offers.

Forex brokers often offer promotions to attract a prospective customer. Examples of incentives include introductory offers for opening an account and customer referral programs. Others offer free trading demos so traders can practice forex trading before committing to the broker. Incentives aren’t considered very important because they’re generally not related to the actual services of the broker, but it can be nice for some customers to be aware of the potential bonuses as they make a decision between two forex brokers.

Most important introductory offer features.

Free Demo – You can access a free trading demo so you can try one of the trading platforms. Referral Program – You can be rewarded for referring a friend to the broker. Special Offer – Special offers for new traders who open an account are available.

Other Investment Products.

Other Investment Products consists of other investment products a forex broker makes available for someone to trade. Other Investment Products include stocks, futures, options, and CFDs. This is a less important category because most forex traders are highly specialized, but it can be a more important category for professional traders with expertise across multiple products.

Most common investment products.

CFDs – The broker provides other instruments settled as Contract for Difference Futures – The broker provides trading of some futures products. Options – The broker provides trading of some options products. Stocks – The broker provides trading of some stocks.

Trading Education.

Education is all of the resources an online forex broker provides to help their clients learn about forex trading and navigating the platform. A forex broker that excels in the Training Education category regularly offers webinars and videos so traders can advance quickly, learn new concepts in forex trading, and easily get accustomed to the broker’s platform. Additionally, the best forex brokers provide a superb trading community to facilitate the exchange of trading ideas. Education is less important to an advanced investor, but a beginner benefits greatly from the courses and webinars offered by most forex brokers.

Most important trading education features.

Courses – You can access educational trading or investment courses from the broker. Glossary – A glossary of important investment terms is provided by the broker. Live Seminars – You can attend live in-person seminars around the country from the broker. Trader Community – You have access to an online community to have discussions and share advice with other traders. Videos – You can view training videos on the broker’s platform. Webinars – Webinars are available to help you learn about investment products.

All Forex Trading Reviews.

FOREX.

Real Account.

Demo Account.

Advantages.

Extensive educational material Wide choice of assets Demo account.

Disadvantages.

Only two accounts No bonuses or promotions.

Advantages.

Extensive educational material Wide choice of assets Demo account.

Disadvantages.

Only two accounts No bonuses or promotions.

FOREX Review.

FOREX is a currency trading website operated by Gain Capital Holdings, Inc., a financial services company that’s been in business since 1999. GAIN Capital is listed on The New York Stock Exchange (NYSE: GCAP).

FOREX is regulated by the Financial Conduct Authority in the UK and is regulated in seven other jurisdictions around the world: “Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the U. S., Financial Services Agency (FSA) in Japan, Securities and Futures Commission (SFC) in HK, Monetary Authority of Singapore (MAS), Cayman Islands Monetary Authority (CIMA), Australian Securities and Investments Commission (ASIC) and Investment Industry Regulatory Organization of Canada (IIROC).”

FOREX has won rewards for the best research and analysis by FX Street for 2014 and 2015.

At FOREX, traders can choose between a standard trading account and an Active Trader account. The minimum initial deposit required for a standard account is $50. The Active Trader account requires $20,000 to open. Active Trader account holders also get to work with a ‘Relationship Manager’ to help with all their trading needs. There is also a risk-free $50,000 demo account for traders of all levels.

One of the most important factors that should always be considered when choosing a Forex broker are the costs of trading, which can be broken down into two categories: spreads and commissions, and overnight financing charges or payments frequently referred to as “swap rates”. The swap rates are unimportant for day traders, but spreads and commissions are always important. During the most active market hours, we found that Forex typically charges a floating spread of 1.7 pips on the benchmark EUR/USD currency pair within its Standard account. The typical USD/JPY spread is 1.7 pips and the typical spread for GBP/USD is 2.1 pips. Commissions are not charged, so what you see upfront in the quoted spreads is what you get. Spreads can be considerably lower in the Premium “Active Trader” account, with the spread on the EUR/USD sometimes reaching as low as 0.4 pips. That is a very competitive offer in today’s market.

Forex Video Tutorials.

FOREX is one of the easiest websites to navigate. It is well tabbed and all features provide clear descriptions of the products and services being offered. There is a choice of over 45 currency pairs, CFD’s in 10 global indices and commodities and the broker has just added a list of Equities, Bonds and Rates.

Traders can also trade options in CFDs, spot Forex, and binaries in over 3200 markets. These are offered through GFT which is now part of FOREX. GFT is based in the UK and is a global leader in online trading.

The learning center at FOREX offers a variety of different educational material.

For self-study, the ‘Learn to Trade Forex’ course allows traders to study at their own pace and consists of seven lessons covering everything including pips, margin, technical analysis & tools, charting, and more. Along with the course, traders receive a demo trading account with $50,000 in virtual funds, so they can apply the lessons they covered on a live trading platform.

In their interactive course, traders can study online with the benefit of interactive tools and videos which illustrate how to understand chart patterns, anticipate market moving events and manage risk . This course too comes with a demo trading account of $50,000 in virtual funds as well as workbooks and quizzes that can be printed out for later use.

There is a series of videos for beginners and others with technical analysis for more advanced traders. For more in depth understanding of how the various platforms work, there are instructional videos on the FOREXTraderPRO and MetaTrader4 platforms.

There are also several interesting online webinars which are available to all FOREX clients. Pre-registration is required.

When it comes to market analysis, FOREX is well supplied. They offer live daily market updates, weekly insights on top financial events, quarterly outlooks and other special reports.

In the Pivot Points section, FOREX lists the daily, weekly and monthly support and resistance levels so traders can determine their pivot points. Pivot points are used by traders as a predictive indicator and to denote levels of technical significance. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can be an effective trading tool.

Technical outlooks are posted in the Technicals section and a full alphabetized glossary of financial terms is provided.

I was surprised when doing this review that there were no bonuses or promotions mentioned. This is uncommon in the Forex industry where bonuses and promotions act as a definite way to attract new trading clients. Perhaps they consider the 15% reduced pricing on major currencies and 2% interest on Premium account balances to be promotions but this is nothing like the bonuses and promotions offered by the competitors.

Trading Tools.

There are several interesting trading tools at FOREX. Tradable is a tool that can be used by traders of all experience levels. Tradable comes pre-packaged with a selection of easy to use apps tailored to meet all comfort levels. Traders have complete flexibility to customize the platform to meet their individual needs.

ForexCharts by eSignal gives traders access to more than 40 customizable indicators and drawing tools including Gann Lines, Donchian Channels, Fibonacci Circle and more and traders can plot against Global Treasury Information Services Inc. (GTIS) rates – a composite stream of over 275 contributors to get an overall picture of market action or, drill down to view only FOREX streaming data.

Forex eSignal Platform.

Besides the FOREXTraderPRO platform, FOREX offers several other trading platforms.

With MT4, traders have total lot size flexibility, including micro lots, mobile trading for iPhone & Android and automated trading using custom EAs. Hedging is allowed and there are no 3rd party bridges or auto syncs.

The MetaTrader4 platform offers quality trade executions, tight spreads and personal customer service. Traders can select over 77 Forex and CFD markets as well as take advantage of other integrated features including streaming news, extensive technical research from Trading Central and in-house analysts as well as pattern recognition software from Autochartist.

At the time of this FOREX review, a third trading platform had just been added to the lineup of platforms offered at FOREX—the Dealbook. The Dealbook platform is offered under the GFT brand and traders can choose from 120+ currency pairs with spreads as low as 1 pip on the majors and over 3,200 markets as CFDs, spot FX, binaries and options.

Advanced charting is available through the Forex DealBook platform and it is available as download, web and mobile with award winning apps for Andoid, IOS and Kindle Fire. Advanced charting allows traders to monitor their position and evaluate trends and forecast market moves all in one place. The DealBook software provides easy-to-read charts, a bundle of free indicators as well as a wide selection of customization options.

Deposits/Withdrawals.

FOREX accepts funds by credit or debit card, wire transfer, where there is a minimum transaction of $30 and a maximum transaction of $10,000. Funds can also be wired via Sofortbanking.

Customer Support.

Customer support is available 24/7 via , telephone and live chat. I was pleased to see that chat was reached only by clicking on the chat tab and that it doesn’t pop up immediately upon opening the site.

Trade orders by telephone are accepted by FOREX UK during market hours.

Conclusion.

FOREX has covered all bases. Their website is super responsive and user-friendly and all topics are covered in depth and are clearly described so that the information is understood by traders of all levels of trading experience. It’s nice to see that there is a very generous demo account but I would have preferred to have more choices of accounts over and beyond the two that are offered.

Advantages.

Extensive educational material Wide choice of assets Demo account.

Disadvantages.

Only two accounts No bonuses or promotions.

Real Account.

Demo Account.

Most Visited Forex Broker Reviews.

Stay Updated!

Also Available on.

Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

FBS Forex Broker Review.

Finding the right Forex broker can be rather challenging, as there are so many to choose from. As with any form of investment it is advisable to do some research before picking the best for your needs. We are writing this FBS review to provide you with enough information to compare various brokers, and make an informed decision.

A brief introduction to FBS and what’s on offer.

FBS entered the world of Forex back in 2009, so can be considered well-versed in the Forex world. This broker is owned by the FBS Markets Company, who are well-known in the financial services industry. There are offices in a number of significant Asian cities, including Malaysia, China, and Kuala Lumpur. However, we should mention that FBS does not accept customers from the USA. FBS is an ECN Forex broker and has won some prestigious awards, including some issued by the World Finance Foreign Exchange Awards.

In 2013, they joined a non-profit and self-regulated partnership “Center for Regulation” by CRFIN. This has given them an enviable reputation as it means they comply with the agencies strong regulations, as well as benefit from increased security measures with regards personal data protection. There is also the promise of speedy and smooth financial transactions.

FBS has a great website, with heaps of useful information. Customer service is excellent, with communication possible via , phone calls, and live chat. A number of different languages are supported, including Russian, Spanish, Turkish, Chinese, and of course English.

In general, it is USD and EUR which are the chosen currencies for opening an account, and the minimum deposit amount is $1. Which makes it a good choice for beginners with a small budget. There is also an Islamic account available. There are also a number of attractive Forex bonuses.

FBS offers a range of different accounts.

Cent account – This is perfect for beginners as it allows traders to gain real experience, but with minimal risk. The minimum deposit is only $1, and leverage is 1:1000. Minimum order volume is 0.01, and floating spreads start at 1 pip. As a beginner it is also useful to be able to use any robots and strategies, without restriction. Micro account – With a micro account traders can enjoy the advantages of fixed spreads and STP trading. There is also leverage of 1:2000 and spreads fixed at 3 pips. Standard account – Once traders have passed the beginners stage they can move onto a standard account. Which is better suited for traders with a little more experience, and those who are ready to test out their strategies. This accounts focus is mainly on improving profits, and reducing risk, with the introduction of reduced floating spreads. Minimum deposit is $100, and leverage is 1:2000. Zero spread account – The minimum deposit for this account is $500, which makes it an option for the more serious trader. As the name implies, trades can be executed with no spread, which means a trader can get more familiar with market conditions, and how they affect trades. Many professional traders find this account very useful. A commission is charged of $20 per lot. Unlimited account – This is a little different than the other accounts, as it is an ECN account. It is the option that most resembles trading conditions in the Forex market. Minimum deposit is $500, and the floating spread starts at 0.2 pip. There are no restrictions on open positions and pending orders, so traders have freedom to trade as they please.

Once you’ve funded an account with $10000, and traded 50 lots, you are invited to become a VIP client at FBS, which has certain advantages. Such as priority in processing withdrawal and deposit requests, your own account manager, VIP gifts, and a VIP client certificate.

We should also mention that FBS offers a demo account, which is always a brilliant way to start a Forex career. Trading under market conditions, but only using virtual money. With plenty of opportunities to learn more about Forex trading, as well as test out various strategies.

Deposits and withdrawals with FBS.

We’ve already mentioned that funds can either be deposited in USD or EUR, and all the most common payment methods are supported. These include debit and credit cards, bank wire transfers, NETELLER, Skrill, and OK PAY. Minimal withdrawal amounts are as little as $1, unless it is via wire transfer, in which case the minimum amount is $50. FBS also offers their own FBS Mastercard, which will cost $20, unless you deposit $500 or more. Then the card will be free.

Customer support is available in a number of different languages. Lines of communication are open 24 hours a day, 5 days a week with through an , telephone, or live chat option.

FBS can be considered a reputable broker, and has, in fact, won several awards. Read the reviews on the website and you’ll see their customers are happy with the service they receive. With such a low minimum deposit, they are definitely one to try.

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The 3 Best U. S. Forex Brokers.

Latest Update November 11, 2015.

Forex Trading Reviews.

The Best Forex Trading.

We gathered a list of 65 forex trading brokers and reviewed 8 of the best forex brokers based on 86 different forex trading features.

Editor's Choice.

All Reviews.

Choosing the best forex broker for you.

The 3 Best U. S. Forex Brokers.

The 2 Best ECN Forex Brokers.

The 3 Best Forex Trading Platforms.

What forex trading features matter and why.

Account and Portfolio.

Most important account and portfolio features.

Cross Currency Pairs.

Most important cross currency pair features.

Major Currency Pairs.

Most important major currency pair features.

Trading Technology.

Most important trading technology features.

Customer Service and Support.

Most important customer service and support features.

Mobile Trading.

Most important mobile trading features.

Most important research features.

Trading Platforms.

Most important trading platform features.

Introductory Offers.

Most important introductory offer features.

Other Investment Products.

Most common investment products.

Trading Education.

Most important trading education features.

All Forex Trading Reviews.

FOREX.

Real Account.

Demo Account.

Advantages.

Extensive educational material Wide choice of assets Demo account.

Disadvantages.

Only two accounts No bonuses or promotions.

Advantages.

Extensive educational material Wide choice of assets Demo account.

Disadvantages.

Only two accounts No bonuses or promotions.

FOREX Review.

FOREX has won rewards for the best research and analysis by FX Street for 2014 and 2015.

Forex Video Tutorials.

The learning center at FOREX offers a variety of different educational material.

There are also several interesting online webinars which are available to all FOREX clients. Pre-registration is required.

When it comes to market analysis, FOREX is well supplied. They offer live daily market updates, weekly insights on top financial events, quarterly outlooks and other special reports.

Technical outlooks are posted in the Technicals section and a full alphabetized glossary of financial terms is provided.

Trading Tools.

Forex eSignal Platform.

Besides the FOREXTraderPRO platform, FOREX offers several other trading platforms.

Deposits/Withdrawals.

FOREX accepts funds by credit or debit card, wire transfer, where there is a minimum transaction of $30 and a maximum transaction of $10,000. Funds can also be wired via Sofortbanking.

Customer Support.

Trade orders by telephone are accepted by FOREX UK during market hours.

Conclusion.

Advantages.

Extensive educational material Wide choice of assets Demo account.

Disadvantages.

Only two accounts No bonuses or promotions.

Real Account.

Demo Account.

Most Visited Forex Broker Reviews.

Stay Updated!

Also Available on.

TopRatedForexBrokers – The Ultimate Guide to Trading Forex Online.

Forex brokers are vital for both retail and institutional Forex traders success and it’s also very important to trade using a reliable trading platform. Forex trading is not restricted to professional traders or a few specially chosen people in the market. And top rated FX brokers are able to cater to a wide variety of needs, beginners and amateurs included. All Forex brokers, both good and bad, are free to be used by any trader, regardless of their experience, budget, or type of investment.

Top 5 Forex Brokers.

Top 4 Forex Brokers.

Top 5 Forex Brokers.

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The secret to finding the best and most secure Forex brokers is to know where to look and how to filter out the good ones. We choose the most reliable and efficient Forex trading companies using a detailed filtering process. It has nothing to do with luck or because the top rated Forex brokers in the industry are easy to find. You may have already stumbled across them during your daily internet routines, but there’s a good chance you’ll have passed them by without a second glance! However, with our professional guidance, we guarantee you’ll no longer make any mistakes or miss out on an opportunity to invest with the best Forex brokers. From now on you’ll be able to find the most trustworthy systems to trade with, by following our guidelines and listening to our recommendations.

Who We Are and What We Have to Do with the Best Forex Sites.

We understand how important it is for you to have a reliable Forex trading broker. We also realize you don’t want some random people telling you where to trade and at which sites it would be best to register for a professional trading account. However, be confident in your ability to be in the right place at the right time and to get all the necessary information. After all, this is a prerequisite for traders who are looking for the top Forex brokers.

Our team is made up of people just like you, we happen to have a little more experience in the industry. Most of our team are actually current, and ex-traders, and they have the necessary intuition and sufficient skills to identify secure Forex brokers. Along with the right knowledge to help rate them.

When we rate any Forex trading broker, we consider many things including their reputation. As well as real customer feedback from open forums and websites that serve as a genuine platform for trading discussions. This is one of the great advantages of our reviews, because we give you our professional opinion alongside other customers’ opinions. You’ll be provided with all the information you need and be able to use it when considering whether to give each broker a try and test their trading services.

FX Broker Search.

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The significance of Forex broker reviews and how we review Forex trading companies.

Forex brokers reviews are designed to offer an insight into the performance, reliability, and trustworthiness of a broker. And require a significant understanding of how the markets work. Normally, an average trader can only determine the efficiency of a broker by opening an account and trading the markets for a fair amount of time. Such a strategy may not only involve spending a significant amount of time and money, but can also lead to a drop in trader morale if the broker doesn’t live up to expectations.

At Top Rated Forex Brokers, we believe in a fair and unbiased Forex broker rating system. Not only do we showcase the different advantages of a broker, but also concentrate on reviewing the negative aspects of a Forex trading broker. We use our industry-leading Forex review checklist to subject all Forex brokers to a stringent set of quality assessment guidelines. This allows us to provide a fair and reliable representation of the services rendered by a company.

All of our Forex trading brokers reviews are compiled by professional traders and market experts, who have been involved in the financial markets for more than a decade. Our collective experience in trading, along with an in-depth understanding of how brokers operate in the market, allows our team to offer you the best information related to choosing the best Forex broker in the market.

The Best Forex Brokers – What to Look for in a Top Rated Forex Broker.

Whether your main goal is to find a secure Forex broker or you want to compile a list of all the top rated trading brokers, you need to realize there are way too many brokers in the market.

This can prove to be very confusing for beginners. Developing the right skills and building your experience will help you to recognize the really good brokers and sift out the dishonest ones. Which means that once you’ve read a broker review, you’ll be confident you can mitigate the risk to your trading capital and avoid choosing a fraudulent broker.

The way to develop such skills is not too difficult. All you need to do is follow our guidelines carefully, and you’ll be ready to register with the best Forex brokers in the world. Here’s a collection of some of the top features and considerations you should be looking for in the best Forex brokers:

Regulation – Protect Your Investments with the Help of Leading Regulatory Organizations.

Only choose a regulated broker because there will be several mandatory measures that must be followed to ensure the safety and security of clients. These measures are not set out by the broker, but are laid down by specialist agencies in charge of regulating such companies. These agencies are created by the Government of a particular country or by other specific state authorities, and may act as either independent authorities or as a Government linked agency. For example, Forex brokers located in Cyprus are regulated by CySEC, while FX companies located in other countries such as the UK, the US, and Australia, are regulated by the Financial Conduct Authority (FCA), the National Futures Association (NFA), and the Australian Securities and Investment Commission (ASIC). Additionally, countries such as the US also have specific FX trading regulatory organizations such as the Commodities and Futures Trading Commission (CFTC), which dictates the rules and guidelines for investing in the markets. These agencies take care of all the licensing aspects of a broker, which is an essential requirement for brokers to be officially listed in their primary market. If a broker or any financial company operates without a license, they may well be a scam broker, or might not be as reliable as the other licensed entities in the market. Make sure your broker has a valid license and suitable regulation from a reliable regulatory organization.

Reputation – Ensure Long-Term Consistency by Choosing a Reputable FX Broker.

A good Forex broker should have a positive reputation in the market. The reputation of a broker depends on many factors, but mostly on the company’s image and its history with existing customers. A broker is typically owned and backed by an independent financial provider, and if the parent company is not especially known for its reliability, you’ll eventually see a lot of negative opinions expressed about its trading services. However, a company’s online image is not the only thing you need to consider. There are hundreds of online review websites where the rating charts can be tampered with and manipulated according to the writer’s whims and fantasies. However, many of these ratings may be submitted by real traders, who are existing or past customers of specific trading platforms. Or by anonymous reviewers who wish to discuss the pros and cons of a particular service in open forums. Review forums may also contain ratings and discussions performed by experts (that may include paid reviewers), who have the necessary qualities and experience to comment on the official performance of the various trading websites.

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Types of Forex Trading Accounts – a Trading Account for All Categories of Trading Capital.

The Forex market caters to the needs of a global community of traders, with access to varying amounts of trading capital. Not all traders are endowed with a large amount of trading capital. Which is one of the reasons why Forex brokers now offer different types of trading account to suit the varying levels of investment by clients. Some brokers offer a trading account for as little as $1 initial deposit. Most mainstream Forex brokers, on the other hand, mandate a minimum capital requirement that ranges between $100 and $500. ECN/STP Forex brokers may increase the minimum capital requirements further, requiring traders to invest at least $1000, but there are brokers that offer DMA accounts for $100 or less. The accounts can also be classified according to the tradable lots, which may include Micro accounts and Standard accounts. Micro accounts give the freedom to start trading from 0.01 lots with high leverage. Standard accounts typically involve trading contracts that start from 0.1 lots and considerably lower leverage than Micro accounts.

Forex Trading Platforms – Choose the Most Reliable Interface for Trading the FX Market.

Factors to Consider When Choosing a Platform.

Is it free of charge? Is the software Internet (Java or HTML), Windows or Mac based? What types of orders are available? What charting tools are available? Is the GUI user-friendly? Is there an access to the historical data? Does it provide additional features?

A solid trading platform is a must for any broker to be worth your time. If the broker uses unreliable and complex trading software, there’s a good chance it will be ignored by most traders, especially beginners. Of course, the main priority for an experienced and professional trader is to check the reliability of the trading software before actually opening a live trading account. Usually, a broker’s platform would be powered by some of the most innovative and leading software products like MetaTrader, cTrader, TradingStation, JForex, and other leading third-party trading solutions. However, this is not the only factor to bear in mind. Today, most traders prefer to choose from an array of different trading platforms. Including those that not only offer comprehensive support for desktop trading, but also offer the option of an excellent and intuitive mobile trading platform for unabridged mobile access to their trading accounts. In most cases, this is possible when the broker has either an official mobile version, or provides specially tailored apps for tablets and mobile platforms. Mobile trading is beneficial to traders because it provides them with the chance to trade on the go. This means they’ll never miss an opportunity to trade and take advantage of the latest market movements. There are plenty of traders that prefer mobile trading over the traditional desktop experience due to their hectic lifestyles and busy schedules. This necessitates the need for brokers with a good reputation to offer excellent mobile apps along with the traditional desktop platforms.

Trading Features – Discover the Best Trading Account Features for Your Investments.

It’s imperative for traders to receive an excellent set of trading features, and these are usually offered by the best Forex brokers in the industry. This is where different trading options can be involved. For instance, beginners will look for a broker that offers a user-friendly learning center, market research, and automatic trading signals. More experienced and advanced traders prefer a site where live streaming channels show the latest news and detailed market analytics. Experienced traders are sure to be satisfied if the broker doesn’t impose any trading restrictions and strategies such as hedging and scalping are allowed. Trading features also include account characteristics such as beneficial spreads, feasible leverage, and ECN/STP account protocols. A high payout ratio and availability of all trading assets such as stocks, foreign currency pairs, indices and commodities are also important. As well as educational material and other modern account features that enhance the security of trading.

Financial Instruments – Trade the Largest Market with a Broad Range of Currency Pairs.

The Forex market allows a trader to invest in virtually any currency pair in the world. There are more than 150 widely traded currencies in the world, and each currency can be pegged against another currency, which is then floated freely in the market. The buying and selling of currency pairs ensures there is sufficient volatility in the market, which is taken advantage of by short-term traders and investors. Along with the wide range of currency pairs, Forex trading also provides access to commodities, CFDs, and metals, which are all part of a broker’s overall product portfolio. While most Forex trading brokers try to incorporate as many instruments as they can into their trading accounts, some FX companies may limit the number of available instruments to a minimum. In order to offer a less complicated trading account. In other cases, brokers may offer a comprehensive range of financial assets, including stocks, bonds, and indices, to take the total count to more than 10,000 instruments through a single trading account. Therefore, always consider your investment strategies and risk-appetite, before choosing a Forex brokerage firm and investing in the different financial assets.

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Trading Protocols – Reduce Your Conflict of Interest.

Trading protocols are defined as the mode of connection between a trader and the markets. Primarily, there are two different types of brokers, the market maker broker and the Direct Market Access (DMA) broker. Market maker brokers use internal dealing desks and trading platforms to connect orders internally. Which drastically reduces the liquidity in the market, but at the same time increases the conflict of interest between a client and their broker. Direct market access protocols, otherwise known as ECN or STP protocols, offer direct access to the global liquidity pool, which offers great trading conditions that don’t involve any conflict of interest. The best Forex brokers in the market usually offer both types of accounts to their traders, but some brokers may stick to either the market maker model or the DMA protocol to streamline their FX services.

Trading Costs – Keep Your Trading Economical and Cost-Effective.

Traders are subjected to different trading costs and fees and these contribute to the overall revenue of a broker and its annual profits. The main types of fee incurred in Forex trading are the spreads and commissions, which are considered to be the most direct form of charging traders for the services rendered. The top rated Forex brokers are those that offer the lowest spreads and commissions in the industry. Average spreads can fluctuate between 1 pips to 5 pips on the major currency pairs, while ECN Forex brokers may offer raw spreads starting from 0 pips. ECN/STP Forex brokers often charge additional trading fees known as commission (due to the lowered spread from direct market access trading), which can hover between $2 and $20 per lot traded. Other trading costs may include fees for SWAPs, deposits/withdrawals, account management costs, and subscription costs for allied products and services.

Types of Forex Market Orders.

Forex is an important part of the global financial market. Orders are transacted in incremental lots as per the market conditions. Orders are transmitted through brokers according to different trading conditions, but there are different types of Forex market orders available to traders as per their trading requirements. The most popular market order is an order to buy or sell a currency pair at the best market price, and is carried out instantly according to the liquidity in the market. Other types of Forex orders include:

Limit entry order – Orders are filled above or below a certain price Stop loss order – Closing positions at predetermined price Good till cancelled order – Pending order to open a position at strike price until cancelled by trader One cancels the other order – Order where one position cancels the other pending order.

As per the CFTC rules, there are other types of orders such as the FIFO (First In First Out), and other pending orders. All of which depend on the regulatory status of the broker and the broker’s specific Forex services.

Payment Methods – Make Safe, Secure and Fast FX Transactions.

Offering a choice in the variety of payment methods, along with great ease, convenience, and security of payments, is often seen as a good quality for a broker. The efficiency and reliability of a broker’s payment methods will affect both your investments and your profits. To commence your trading operations with a broker, you will first need to make an initial deposit. Every broker will have their own minimum deposit requirement. And if you’re a beginner, you’re going to appreciate a broker that offers an incredibly low deposit amount option. Most brokers usually have no issues with deposits, but making a withdrawal is an entirely different ball game.

Withdrawal is the process of taking out your money (including deposits, profits, and bonuses) from your trading account. Bear in mind that different brokers have their own requirements for making a withdrawal. Usually, there are restrictions as to the amount of the payment with both maximum and minimum levels, as well as the frequency at which you may claim your profits. In some cases, brokers limit withdrawals within a certain period of time i. e. for a week or a month. Sometimes, there are also fees charged on deposits and withdrawals. However, top rated brokers committed to the welfare of their clients don’t usually charge any fees or commissions for payments.

As for the types of payments themselves, the more variety offered on a platform, the better. Thus, the trader is at liberty to choose a payment method that best suits him or her. Payments via debit or credit card, as well as via bank wire transfer are common and can be found as a default payment option with any broker. But most traders today prefer to use electronic payment systems like PayPal, Neteller, WebMoney, Skrill, Bitcoins, etc. The leading Forex brokers in the industry realize the benefits of offering online payment processors, especially since a vast majority of traders opt for e-wallets and online payment systems for making their payments.

Forex Bonuses – Increase Your Account Equity with Negligible Risk.

The availability of a bonus system is one of the main broker features traders usually consider an important factor when deciding whether a broker is good or bad for their investments. Although we do not believe that a Forex bonus should be the sole feature you look for when selecting a Forex brokerage firm, we appreciate that it matters for some traders. We mention this because there are many new brokers in the industry that have a bad reputation for scamming new clients. And it is done by offering giant bonuses in order to attract more sign-ups. Stringent trading/account conditions are then imposed to prevent clients from making a withdrawal. The same thing happens when the broker begins losing its reputation and tries to hold on to its current audience. Brokers may also provide attractive bonuses as well as resorting to paying reviewers to remove the negative feedback that is prevalent in online forums. Forex trading companies usually provide some exclusive promotions without mentioning all the cons of accepting such types of bonuses. Don’t fall into this trap. Bonuses are great, especially the ones such as the no-deposit bonus or the refer a friend program. But these offers should not be your sole criteria when forming an opinion of a broker, without taking into account the rest of the trading features and conditions that we have outlined above.

Comparing Pros and Cons of Forex Trading Brokers and Their Trading Platforms.

Most of today’s Forex broker reviews have specially tailored sections that list the different pros and cons of brokers. Numerous features and trading conditions are compared side-by-side. These comparison tables offer a brief evaluation of the different trading platforms and brokers under scrutiny, by showing both the strong and weak points. If the pros are more substantial than the cons, you can be sure the broker is reliable in offering high-quality Forex trading products. Always make it a priority to pay close attention to the comparison section of any Forex broker review. It will help you to make a quick evaluation of a broker’s features and give you a fair idea of what you may have to deal with on a day to day basis.

Customer Support – Choose the Best FX Broker for Professional Support.

Good customer support service is the last thing we would suggest to our readers, as it can serve as a reliable indicator of the best possible Forex brokers. The customer support team should act as your direct connection to the broker. Such a team should be composed of the best customer support representatives and professional account management specialists. They should be able to effectively communicate with customers during regular market hours, or even during off-market hours such as the weekends and holidays. It’s the responsibility of a broker to reply to your queries when you need additional information about the broker or a certain feature they provide. They are also supposed to respond to you promptly if you have any issues with the financial aspects of their services or their website. This is because it might require a quick resolution due to the fast-paced nature of the markets.

Top rated Forex brokers provide 24/7 customer support services so you can always rely on their support team, no matter what time of day it is. Although 24X7 customer service is an important aspect of a broker, the language, and medium of communication also matter to a great extent. By language, we refer to the list of official languages used by the broker for customer interaction, and the efficiency of the individual customer support services that are provided. Of course, most brokers offer English as the default language for customer support, but the global appeal of Forex trading means there is a chance that a majority of traders might not be proficient in English. Therefore, a decent broker must take such a factor into consideration and adopt multiple languages into its customer support services channel. Everyone’s needs should be met regardless of their nationality and language.

Your Best Choice for Forex Customer Support.

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Last, but not least, there is something else that matters when it comes to maintaining good customer support services from the best Forex brokers – the primary method of communication between a broker and its clients, also known as customer support channels. These are different approaches to customer interaction channels. They are developed by a company to enable clients to reach someone from the support team and can be chosen according to individual trader preferences. The most common communication methods include phone calls (preferably 100% free), e-mails, and online web contact forms. E-mails and online contact forms may involve a delayed response and tend to take longer when it comes to resolving an issue. Of course, when it comes to an emergency situation, it would be nice for the Forex trading site to offer the convenience of a live chat option for instant questions and answers. And many do.

* Not valid for EU traders, T&C apply.

How to Find Top Rated Forex Brokers Online.

It’s difficult to come up with a precise list of the best Forex brokers in the market. There is an extensive collection of companies from all over the world. And it’s close to impossible to satisfy all of a trader’s particular preferences, requirements, or demands. In essence, you have to carefully consider your own priorities. From there you will be able to devise a list of your preferential trading requirements. Which in turn will help you in your quest to find a reliable Forex broker. However, when you are confident about your primary requirements, you can adopt the following when searching for a reputable trading platform, registering a live Forex account, and trading the markets.

Qualified advice from all around.

Take some advice from good friends, family, or other helpful people in your social or professional circle. Those who already have some form of experience in the Forex markets, either through trading or other activities are the best to approach. Seasoned Forex traders should have many years of trading experience in the market. This will have exposed them to some of the top rated Forex brokers offering the best services in the industry. Seeking help from people around you is an optimum choice, as it will help you to get reliable and genuine information about a Forex trading company. As well as some useful tips for to how to proceed with a broker. Dealing with real people and reviews can also help you learn the best features of a broker and how to get the best trading conditions for your investments. Professional advice from experienced traders can be incredibly helpful for your trading career, so never underestimate their help or assistance. Seeking expert advice does matter a lot to a trading beginner, as there are numerous risks and loopholes in the industry with the potential to create a hostile environment for amateur traders who are new in the field.

Expert reviews from experienced and trusted professionals.

Read through focused Forex broker reviews that are capable of offering a clear insight into the intrinsic qualities of a Forex broker. Many websites provide different types of reviews according to their overall affiliate or promotional campaigns, but here at TopRatedForexBrokers, we provide top-class Forex broker reviews guaranteed to partner you up with leading, reliable, and regulated FX trading companies. We will never recommend a scam broker and are committed in our efforts to discover the numerous top rated Forex brokers in the market. A Forex broker review not only provides brief information into the details of a specific trading platform, but also provides some vital data into understanding which broker is safe to use and which ones to avoid.

Broker reviews are excellent in providing you with preliminary facts you should be aware of before registering for a live trading account. For example, if you are a beginner in the industry and have come to hear of a broker that offers the promise of a highly profitable trading account, your first reaction may be to visit the broker’s official website, register and open a live trading account as soon as possible. However, in your haste to take advantage of such a unique offer, you may fail to realize you’re unable to sign up for the broker’s services. It could be because the broker restricts traders from your country, because of regulatory issues or the lack of deposit methods you can use to make a payment. A thorough Forex broker review will provide you with all such information in advance so you won’t lose any precious time in dealing with any FX brokerage firms that don’t suit your primary trading requirements.

Comprehensive research through online and offline sources.

Do your own research to complement the information found through Forex broker reviews and advice from other market participants. Regardless of the numerous online reviews and snippets of advice, the onus falls upon you as a trader to perform your own research. Of course, it will take time, but it will be time well-spent. Well-planned research will require you to evaluate the different aspects of the leading FX brokers you may come across online. And that includes checking out their features, reliability, regulatory protection, and efficiency of trading features through comprehensive broker analysis. Once you begin to develop a fair idea of a company’s services portfolio, you’ll know what to expect from that particular broker’s inherent characteristic.

The job of researching a Forex broker and finding out all the relevant information is not as complex as one might assume. You can visit several online trader forums that have exclusive discussions about the different Forex companies, and you can join in with the discussion. You can also see what the big traders are talking about regarding the overall services rendered by a particular FX broker. Make a list of the most-discussed brokers and start investigating them one by one. Visit rating pages that contain expert opinions and reviews from existing traders. Because they will have sampled the trading platforms through live trading accounts under real market conditions. Eventually, you’ll end up with a handful of Forex brokers matching most or all of your trading preferences. Shortlist your preferred FX companies by visiting their official websites and getting in touch with the customer representative teams. Verify the information you’ve gleaned while doing your research and find out about opening a live trading account.

Test the different brokers through live or demo trading accounts.

You can experience the reliability and efficiency of a broker by registering for an official trading account and investing your own money. Keep your initial investments to a minimum by depositing small amounts into individual broker accounts and by making a few trades with each account to analyze the overall convenience and reliability of their trading environments.

Of course, trading the markets with real money to find the most trusted Forex brokers, may sound too risky and expensive in the long run. If you’d rather not spend your hard-earned money looking for a reliable Forex trading company, don’t worry. Other free alternatives might work for you. The majority of FX brokers you find from your Google search or via other methods, usually offer a great and convenient feature, known as a demo account. A Forex demo account is an excellent, risk-free trading environment that provides you with the chance to make free trades. By doing so you get to test the broker’s services and trading platforms without investing or risking your own funds. A demo account requires an official registration with a broker. And you may be required to submit several pieces of information such as personal info, address, physical address, phone numbers, and other personal data. However, FX demo trading accounts don’t usually require a deposit or any other investment.

You can use a demo account to make trades under live market conditions, but you cannot lose or win money due to the simulated nature of such types of trading account. Demo accounts are considered as mere simulations, and only intended for practice. You should certainly use the demo account feature if you are a newcomer to the Forex market. In the beginning the theory behind it all can be very overwhelming and you’ll want to practice what you have learned. The best way to put your ideas and new found knowledge to the test is by trading with zero risk which is afforded by a demo account. Even though most leading Forex brokers offer a demo account as part of their trading services, you should be aware that a demo account is usually offered only for a limited period of time. Demo accounts have a specific trial period, and brokers may offer up to 2 months demo for a trader to get used to the platform. In some cases, brokers might limit the demo period to 1 week, while other brokers may offer unlimited demo accounts. Therefore, you should consider your options carefully to ensure you are able to learn the dynamics of the markets well before your demo trial period runs out. Once the demo period expires, you’ll be required to open a real trading account and make your first deposit within a specified period of time, in order to remain as an official customer of the broker. If a you fail to make the required deposit, you may no longer be granted access to the website or its trading features.

Important Economic Meetings and Events.

Payment and deposit methods at the brokers.

Forex Brokers by countries.

Forex brokers types by accounts, platforms or processing of trades.

Forex Brokers by regulation authority.

Forex bonuses and contests.

Online Trading Assets.

Secure Your Trading Capital with the Best Forex Broker.

Several top rated Forex brokers in the market are committed to offering the best customer service experience, and it’s up to you to find them through careful research and detailed analysis. In order to enjoy a brokers services you will have to officially register and either open a demo account or use their full suite of trading features. Once you register with a Forex broker, you can begin your trading experience and start earning money from the financial markets. Regardless of the enthusiasm displayed by FX brokers, traders, and other market players, we would advise you to exercise caution when dealing with the Forex markets. We don’t want any of you to experience disappointment and would like to warn you that the big money and profits do not come immediately.

Forex trading is a legitimate investment opportunity, but professional traders have worked for years to reach a level of experience that enables them to replace their regular jobs and bring more funds for their official and personal enjoyment. Successful investing in the financial markets involves exercising extreme caution, having patience, and building up sufficient skills and knowledge to read the markets accurately. As a beginner, you should concentrate on harnessing and managing the various psychological factors of trading, and controlling your greed in order to preserve your profits and cut your losses. With consistency and perseverance, you can follow in the footsteps of the most accomplished traders in the market. Learning the art of successful trading will take time and experience, and nothing else can replace hands-on experience that the market can give you. The Forex market has a reputation for disciplining even the most frivolous investor, which is why we ask you to have faith in your abilities and develop trading strategies to suit your trading style. We’re confident you’ll soon become a successful trader, and we’re certain that our Top Rated Forex Brokers resource will help you to achieve your dreams.

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The 3 Best U. S. Forex Brokers.

Latest Update November 11, 2015.

Forex Trading Reviews.

The Best Forex Trading.

We gathered a list of 65 forex trading brokers and reviewed 8 of the best forex brokers based on 86 different forex trading features.

Editor's Choice.

All Reviews.

Choosing the best forex broker for you.

The 3 Best U. S. Forex Brokers.

The 2 Best ECN Forex Brokers.

The 3 Best Forex Trading Platforms.

What forex trading features matter and why.

Account and Portfolio.

Most important account and portfolio features.

Cross Currency Pairs.

Most important cross currency pair features.

Major Currency Pairs.

Most important major currency pair features.

Trading Technology.

Most important trading technology features.

Customer Service and Support.

Most important customer service and support features.

Mobile Trading.

Most important mobile trading features.

Most important research features.

Trading Platforms.

Most important trading platform features.

Introductory Offers.

Most important introductory offer features.

Other Investment Products.

Most common investment products.

Trading Education.

Most important trading education features.

All Forex Trading Reviews.

Forex Brokers.

Due to the popularity of forex trading over the past decade, hundreds, if not thousands, of new forex brokers have flooded the market, all seeking your patronage. Our desire is to help you find out exactly which one of these brokers is the right one for you, thereby avoiding a potential nightmare from ever happening before you even get started.

- Over 400k Account Registered.

- More than 250 Trading Instruments.

- MT4, MT5 and Web Trader Platforms.

- Full ECN Trading Model.

- Active 10+ years.

- 40% New Member Bonus.

- Very well regulated.

- Support in 18 languages.

- Negative balance protection.

- Social Trading Platform.

- 24/5 Customer Support.

Table of Contents – 5 Step Guide.

Key Considerations when choosing a forex broker Step 1: Choose a trusted forex broker Trusted Forex Brokers Top List Step 2: The broker’s offer and services Step 3: What to watch out for Step 4: Other considerations Step 5: Checklist of features For non-US traders Concluding Remarks.

Forex brokers range widely from the highly reputable and well regulated firms like FXTM or AVA, handling many accounts honorably, to those engaging in questionable pricing and order execution practices, to outright fraud in some cases, like Refco, a highly publicized bankruptcy of a forex and commodities broker that attempted to hide $430 million in bad debts from investors and clients. Customer accounts were not held in segregated bank accounts and suddenly reverted to paying down other creditor claims. In other words, traders lost their money before they were able to make their first trade.

Consequently, it is basic common sense that all traders should take their time when choosing their most significant business partner, the one that will support their trading aspirations going forward – their forex broker. The process is called “due diligence” or “vetting a vendor” or whatever name you may wish to assign to the task, but urgency should not be a factor. When it comes to money, there is a criminal element in our society that will go to great lengths to deceive you. Significant research in advance will pay rewards. Take your time to find a forex broker that is worthy of your trust, before you ever send them any money.

There are many websites that can help you in your search process. The staff at Forextraders has reviewed many capable brokers and reduced the group down to a list of worthy candidates. The selection process begins by choosing a minimum of three possible brokers, and then following with an evaluation of each and whether they meet your needs. Even after you narrow the group down to one final candidate, you may want to start off slow with a small deposit and small trade positions to validate your initial findings. There is no reason to rush. There will always be trading opportunities around the corner.

Step 1: Choose a trusted forex broker.

Of course, the first and most important consideration when selecting a forex trading broker involves determining whether or not your funds will be secure in the broker’s hands.

There are four aspects you want to examine to make sure your money is safe: Domicile , Regulation , Reputation, and Funding .

If the domicile of your forex broker is in a major country with well-developed financial regulation, this legal infrastructure can often help you recover your funds if problems arise. Make sure to double-check the domicile of the company even if the address looks reputable. Sending your money to an online forex broker based in less well-regulated places like the Bahamas or Panama may not be in your best interests. Trying to exert your legal rights in a foreign jurisdiction can be a daunting task, especially if there is no regulatory oversight in the background to support your effort. Avoiding forex brokers with a dubious base of operations will actually help narrow down considerably the search for a reputable broker! And you want to save time, right?

Regulation.

The second security signal to check is whether the broker is regulated or not. You should be aware that opening an account with a forex broker who has taken the trouble to register with a regulatory agency – while a very good idea – will still not guarantee that the company is legitimate or that your trading funds are safe.

Nevertheless, by having a regulatory agency involved, a certain amount of recourse exists for a broker’s clients if the company files for bankruptcy or if other problems develop that put the return of your trading funds at risk. To conclude, you should always choose a regulated broker.

Reputation.

The third point to check out is the broker’s reputation. Be sure to check the Internet for either favorable testimonials or continuing complaints about the brokers you have chosen for consideration. Especially look for reviews and comments where traders have had difficulties in withdrawing their funds. If you see evidence of this, don’t waste any more time on this broker.

The fourth and last point when it comes to choosing a trusted broker involves the financial security of the broker. Your money will always be more secure in the hands of a forex broker with great financial backing. The broker should be well funded, or have a trusted owner or parent company. These supporting relationships are often disclosed on the broker’s official web site on tabs like “About Us” or “Press Releases”. Although all the top forex brokers represented here should be well funded, it is always a good idea to make sure one extra time. You may also want to visit the website for the regulatory body in the region. Regulators often publish annual statistics on the capital funding for their licensees and whether they are adequate or not. You will also want your broker to hold your funds in segregated accounts at Tier-One banks. Safety and soundness are key factors when dealing with a broker.

Use the chart below to compare forex brokers. Here you will find our top choices of brokers that you can trust with your money.

Top list of most trusted forex brokers.

- Over 400k Account Registered.

- More than 250 Trading Instruments.

- MT4, MT5 and Web Trader Platforms.

- Full ECN Trading Model.

- Active 10+ years.

- 40% New Member Bonus.

- Very well regulated.

- Support in 18 languages.

- Negative balance protection.

- Social Trading Platform.

- 24/5 Customer Support.

- Well regulated in over 3 continents.

- 24/5 multilingual Customer Support.

- Tightest spreads in the market.

- 15% new account opening bonus.

- MT4, MT5 and mobile trading platforms.

- Multi Asset Trading Platform.

- No Time Frame for Demo Accounts.

- Very well regulated.

- Dedicated Account Manager.

- 1 Million GBP Insurance by Lloyds of London.

- ECN Real Raw Spreads, 0.2 EUR/USD.

- Up to 1:500 leverage with micro-lots (0.01 size) available for everyone.

- Scalping, hedging, trading on the news, and EAs are permitted.

- 50% FTD Bonus! (non EU Traders only)

- Active since 2001.

- 300+ markets can be traded.

- Social Trading Features.

- Available in 25 languages.

- No Minimum Deposit.

- Very well established.

- 24/5 Customer Support.

- $30 + Deposit Bonus up to $5,000 (t&c apply)

- Very well regulated.

- 24 hour support.

- Forex Pais and CFD Trading.

- Cash back loyalty bonus. Earn up to £1.80 cash back per lot.

- Tight Spreads as low as 1.2 pips.

- No minimum deposit.

- Very well established.

- Daily s with market commentary.

- Automated mirroring service.

- One on one training.

- 24x5 customer support.

- 24/5 Customer support.

- Phone and live chat support.

- PAMM Accounts Available.

- Owned by the BetFred Group.

- Trade in 50 currency pairs.

- Very well regulated.

- BONUS: $4 cashback per lot traded till the end of the year.

- EAs, hedging and scalping allowed.

- ECN shop with the backing of several liquidity providers.

- Bilingual customer support 24x6.

- FXGiants has a proprietary interface to make its account funding process easier, fast and secure.

- Very well regulated.

- Order slippage on stop losses is generally minimal.

- Trade in over 50 currency pairs.

- No fees for deposit or withdrawals.

- Does both binary and forex.

- Low minimum deposit.

- Their own platform.

- No withdrawal fees.

- Three trading platforms.

- Bonus available(t&c apply)

- Their own platform and MT4.

- Attractive bonus promotions.

- Dedicated account manager.

- Various FTD bonuses.

- No dealing desk executions.

- Account management for traders on varying experience levels.

- Many Deposit and Withdrawals options.

- Forex pairs and CFD trading.

- Tight spreads as low as 1.2 pips.

- Over 130 assets.

- CopyMaster social trading platform.

- Permits scalping hedging, EAs.

- Very well regulated.

- Withdrawal request approved within 24 hours.

- Negative balance protection.

- 24 hour support.

Want to be featured in this Broker list?

Send to: brokers[]forextraders.

Note that a high degree of leverage can work against you as well as for you.

• Leverage over 50:1 for majors and 20:1 for minors is not available to traders in the U. S.

• As indicated in the list, only NFA regulated brokers are available to U. S. customers.

* Brokers offer variable spreads which means that the spreads are subject to current market conditions.

If you want to get some more basic information on brokers, and more information on different regulatory bodies that provide oversight for forex brokers as well as articles that dig deeper into the different aspects on choosing a forex broker that we talk about on this page, you will find that in our forex broker tips section.

Step 2: The broker’s offer and services.

After you have found a broker that you think you can trust with your money, it is time to look at the offer and services you should expect from your broker.

My top list of things to check out include the following:

1. Spread Margins.

Forex brokers usually charge a commission on deals by taking part of the bid offer spread, so the tighter their spreads, the more money the trader saves. If your preferred trading strategy is more active than most, then spread margins will be more important for you.

2. Execution of orders.

Speed is really important when it comes to execution of orders. You should test his speed and effectiveness with a demo account with the broker you have chosen. More on demo accounts later. In some cases, the demo account may not be a good barometer. You should also check other online reviews to find out if there are “slippage” problems or constant re-quotes from the broker. If the speed and effectiveness is not there, then choose another broker!

3. Check out the trading platform.

You need to determine the ease of use and reliability of the broker’s trading platform, in addition to the quality of the online market information offered by the broker to its clients. Does the platform need to be downloaded, as with Metatrader4, the most popular and widely used platform on the market? Some downloads are easier than others. Is the platform a proprietary design? This situation may be good or bad. Demo testing can help here, as well. It is not always easy to decide the best forex trading platform since it depends on your needs. Are you on the go and need to access your account via an iphone or Android device? Some brokers support mobile trading. Others do not.

Remember, the forex market is open 24 hours a day almost 6 days a week, if you count from the opening of the week in Sydney Monday morning until closing in NY Friday afternoon. See the forex market opening times. Different time zones can impact the accessibility of customer support services. If the broker’s support crew is on one side of the globe and you are on the other, you might need support from your broker on a 24-hour basis. We highly recommend that you choose a broker with 24-hour support.

These were our four most important points to review when accessing the capabilities of your prospective broker. It also helps to be aware of the pitfalls that can occur in the forex industry. Here are a few tips that could alert you to the possibility of questionable business practices and help you to easily discard prospective brokers on your short list.

Step 3: What to watch out for.

Beware of Unusual Trading Rules.

Beware of forex brokers with arcane trading rules, such as giving you a minimum time to hold a position or denying you to “pip hunt”.

Beware Outrageous Marketing Claims.

There are unscrupulous brokers that will attempt to attract your interest with marketing claims that seem too good to be true. In most cases, be suspicious of claims of high returns, super tight spreads, and professional support that will help you make a fortune in forex trading. Competition is high, and many brokers will say anything to get your initial deposit. Be wary and skeptical. You are your first line of defense when it comes to preventing fraud.

Avoid Brokers That Requote.

Requoting is the situation where your trading platform shows a certain price, and then when the trader goes to deal on it, the platform makes them wait, and then shows them another often worse price.

Excessive slippage on stops.

Slippage occurs when an order, usually a stop loss, is not executed by a forex broker at the rate at which it was placed. Instead, the order is filled at a rate that is usually worse than originally intended by the trader.

Front running orders.

Front running means that the broker may be holding an order for an especially large commercial transaction and might trade it ahead of or “front run” the order to make money at the client’s expense.

Step 4: Other considerations.

You will want to read the prospective broker’s official website and any documents thoroughly to get clear on both their terms and operational rules of the road.

We also suggest you give their customer support a test call. You will want to assess the helpfulness and market expertise of the customer service department when assisting you in getting started trading or in case a problem arises. Brokers that fail to answer questions or that put you on hold when you try to call in are best avoided.

Withdrawals and Deposits.

Make sure that the forex broker’s withdrawal and deposit policies agree with you. Some brokers charge exorbitant fees for bank or wire transfers, while some will even take PayPal.

Also, some brokers can make you wait an agonizingly long time to withdraw your funds. Make sure you have this information before you give them your money.

Make use of bonuses.

Make sure to check out the prospective broker’s bonus offering. Often they will provide you with some kind of extra bonus with your first deposit. Some of them also offer other types of bonuses for you as a loyal customer. Make sure to understand the terms and conditions connected to the bonus.

What type of account to use?

There are demo trading accounts and live trading accounts. We always recommend that you start trading with a demo trading account to check out the trading platform. But you need to understand that there are differences between demo and live trading.

When you are ready to open a live account we recommend that you start trading with a micro account first.

Step 5: Checklist of features.

The following list presents many of the more desirable features and services offered by forex brokers. We have already covered many of these in the above discussion, but not all. This list will help you prioritize your personal needs.

Competitive dealing spreads Fast and reliable executions Mobile phone trading support Automated trading support Dependable order execution on stop loss orders Minimal slippage on stops Easy deposits and withdrawals Sign up bonuses and promotions Trading in a wide array of currency pairs Trading in other markets such as gold, silver and crude oil Low initial deposits Instructional material for novice traders Personalized trading strategy and market advice Economic calendars Reuters or AP/Dow Jones financial newswires Forex expert market commentary Calculators and trading tools Technical analysis tools Charting software Size of dealing lots High leverage accounts Competitive rollover fees.

Most of these services can be obtained through a variety of online retail forex brokers, so it is up to you to determine what services you consider important for your personal trading needs. Your goal is to select the broker that best suits your personal trading needs.

Concluding Remarks.

As you might expect, the larger the forex broker, generally the more services the broker can make available to their clients, the tighter their dealing spreads, the more reliable their trading platform and the faster their transaction executions are likely to be. Thus, in general we recommend that you choose one of the larger brokers.

Any qualified forex broker will provide you with a reliable trading platform, 24-hour customer support during forex trading hours, charting and technical analysis tools, access to quality forex news and commentary, competent order execution, competitive dealing spreads and a wide choice of currency pairs to trade. Brokers offering any less than this basic package should not be considered in the selection of a forex broker, since today’s market offers a broad blend of online retail forex brokers for your consideration.

Performing adequate due diligence on the front end on your prospective forex broker, before making your first trade, can literally save you thousands of dollars and prevent nightmares from ever happening down the road. Finding the right broker for you and your trading needs is your top priority. Invest the time that this task requires, and you will never regret it.

FBS Forex Broker Review.

A brief introduction to FBS and what’s on offer.

FBS offers a range of different accounts.

Deposits and withdrawals with FBS.

Customer support is available in a number of different languages. Lines of communication are open 24 hours a day, 5 days a week with through an , telephone, or live chat option.

OTHER TRUSTED FOREX BROKERS.

Do you have any experience with this broker? You can share it here: Cancel reply.

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