Best Forex Brokers 2023 - Forex Brokers Comparison 2023
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Compare Best Forex Brokers 2023
It is highly essential to compare the forex brokers before you choose a broker. It is because the different broker offers different features. So, make sure you compare the features and choose the one according to your requirements. And these brokers are the best in the market. Read More>>
With 10,000+ instruments, FP Market has been one of the top forex brokers in the industry since 2005. The broker offers favorable trading conditions, low spreads, popular trading platforms, fast order execution features, and more.
- Excellent education tools
- Low forex fees
- Fast account opening
- Easy funding methods
- No bonuses
Operating in 170+ countries, FXPro offers forex pairs, futures, CFDs, stocks, and more. The company has received 85+ awards which include the “Best Trading Platform” award. On top of that, FXPro is well known for offering the best trading tools.
- Excellent customer service
- Free deposit and withdrawal
- Negative balance protection
- Wide range of platform
- Inactivity fee
- High Trading for some CFDs
This Australian-based forex broker is known for favorable trading conditions. They have a license from the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). Large options of instruments are another top feature.
- Low forex fees
- Fast order execution
- Analytical training materials
- 90+ instruments
- Slow live chat support
- Non-EU traders don’t get investor protection
Operating in more than 190 countries, FBS clients can trade forex, futures, indices, metals, exotic currencies, CFDs, and more. Founded in 2009 company has received more than 40 international awards for its excellent brokerage service around the world.
- No withdrawal fee
- Low stock and stock index CFD fees
- Negative balance protection
- No inactivity fee
- Average forex CFD fees
- No PAMM accounts
Although the broker started with a narrow niche in 2009, XM has experienced considerable growth over the years. Now they are available in around 190 countries and have more than 5 million traders around the world.
- Low withdrawal fees
- Great educational tools
- Wide range of leverage
- Multilingual customer support
- Non-EU traders don’t get investor protection
- Lack of weekend customer support
Starting in 2014, BlackBull now operates in more than 180 countries. While the head office is in Auckland, New Zealand, they have an office in other countries. It offers more than 26,000 tradable instruments for all traders.
- 9 base currencies
- 24/7 technical service
- Direct market access
- VPS, FIX API, copy trading
- Superior trading conditions
- No negative balance protection
- Withdrawal fees
With 35 prestigious awards, the broker offers a wide selection of account types with a variety of trading instruments and high-quality software. With a solid list of tools, you can complete instant order execution in several conditions.
- Low spread
- Controlled by several regulators
- Numerous deposit and withdrawal
- Favorable trading conditions
- Few account currencies
- Only USD or EUR as base currencies
From humble beginnings in 2007, AxiTrader has rapidly grown to encompass a large portion of the forex market. Our AxiTrader review found out that they offer one of the best trading platforms globally and other unique features.
- Automatic insurance coverage
- Low entry threshold
- Fully digital account opening
- Low forex fees
- Limited research tools
- Only forex and CFD trading
We have already compared the broker for you so that you can make an informed decision. However, you may also compare yourself for further selection.
- Compare the regulatory bodies. Check which broker is regulated by top regulations and how many regulations regulate them.
- Check the deposit and withdrawal fees also. This will help you measure the profit.
- Leverage is another criterion. Try to trade with a high-leverage broker.
- Don’t forget to compare the spreads. This is also necessary to calculate your profit and loss.
- The number of instruments is another factor. See how many instrument options you are getting with each broker. The more is better.
