Best Forex Brokers 2020
As with anything else in the world, finding the best forex broker is very important for traders who want to get into the market. The top forex brokers in the world may not be easy to find. However, with forex reviews we provide, you can get started on an uncertain journey with relative ease.
The best forex broker have certain traits that make them good. As a trader, you will need to know what these traits are.
In coming up with this list for the top forex brokers, we looked at the traits that define the most popular forex brokers. Using these traits, we write reviews and make lists. The lists guide you as a trader to make the right choice.
As always, the main goal when looking for the most popular forex brokers is to avoid getting scammed. To choose the best forex broker, the criteria get wider. Here, we will briefly look at several things that define the top forex brokers.
Top Forex Brokers 2020 List :
|Visit Broker||Rank||Broker Reviews||Location||Minimum Deposit Amount||Deposit Bonus||Payment System||Rating||Create an Account|
|8||Level 16,Tower One 727 Collins Street, Melbourne, VIC 3008 (Australia)||$200||No Bonus||9.94||Real Account Demo Account|
|10||16 St Clare Street, London, EC3N 1LQ,United Kingdom||$200||No Bonus||9.9||Real Account Demo Account|
|9||1 Fore Street, EC2Y 9DT, London, United Kingdom||$100||$30.00||9.91||Real Account Demo Account|
|5||Geneva, Switzerland FINMA (Switzerland)||$1000||$100||9.93||Real Account Demo Account|
|6||HF Markets (SV) Ltd. Suite 305, Griffith Corporate Centre, Beachmont, Kingstown||$100||100%||9.96||Real Account Demo Account|
|7||No.5 Cork Street, Belize City, Belize, C.A.||$5.00 for Standard and Micro accounts and $50.00 for Ultra Low accounts||15%||9.97||Real Account Demo Account|
|4||Level 10, 90 Arthur St, North Sydney, NSW 2060 (Australia)||$10||No Bonus||9.98||Real Account Demo Account|
|2||13-14 Basinghall str.,EC2V 5BQ(UK)||$100||No Bonus||9.98||Real Account Demo Account|
|3||Level 5, Exchange House, 10 Bridge St, Sydney NSW 2000 (Australia)||$100||No Bonus||9.99||Real Account Demo Account|
|1||Level 6 309, Kent Street Sydney, NSW 2000 (Australia)||$200||No Bonus||10.00||Real Account Demo Account|
|Rank||Broker Reviews||Location||Minimum Deposit Amount||Deposit Bonus||Rating|
Finding the Most Popular Brokers for Beginners
1. Trading Instruments
It is good to diversify. That means investing in several markets at once. We provide a wide range of instruments and markets. They include CFDs on commodities, cryptocurrency, stocks, indices, and ETFs.
2. A Variety of Accounts
The best forex broker offer several account types for you to choose from. Accounts have different trading styles. Some have higher protections, better leverages, and spreads and different instruments.
We recommend in forex reviews to search for a broker with the lowest spread. However, the brokers might advertise a low spread and not have it.
4. Optional Leverage
We trade the forex market on leverage. Often, the best forex broker offer leverage in different levels. It is up to you to know which level is suitable for you.
5. Order Execution
Low spreads are good when you start with a broker. However, having your orders executed at the asking price is useful.
6. Scalping Availability
The best fx broker do not have limits on trading styles. Scalping brokers do not set a minimum period to wait between the market price, the take-profit or the stop-loss.
7. The Trading Platforms
You need to work with a broker with several platforms. Having these choices will allow you to pick something that you are comfortable with. Individual needs are a top priority for the top forex brokers.
8. Regulation and Security
Read as many forex reviews as you can about a broker before you sign up with them. You need to find out if they are regulated or not. Knowing information like this will allow you to pick the right one. Choose the brokers with diversified European bank accounts especially.
9. Customer Service
Pick a forex broker who will be there when there is a problem. They should be reachable 24/7. You need a reliable forex broker. Check out forex reviews to assess customer service.
Find the forex broker who has educational material in case you need to learn something. As always, never start trading until you learn everything.