Best Forex Brokers 2023 - Forex Brokers Comparison 2023
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Are you considering entering the $753.2 Billion valued forex trading market, which is expected to reach US$ 1,143.2 Billion by 2028? If so, one of the most crucial decisions you’ll need to make is choosing the right forex broker. As there are so many options available, it is very difficult to pick the perfect forex broker for your trading needs. That’s where our comprehensive forex broker comparison guide comes in.
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.
Why Is Comparing Forex Brokers Important?
Why is choosing the best forex broker so important? Well, your broker will serve as your gateway to the forex market, providing you with the necessary tools, platforms, and support to execute your trades. A reliable and reputable broker can significantly impact your trading experience, while a poor choice can lead to frustration and potential losses.
In our online broker comparison, we consider various factors to help you make the ultimate decision. We will give you a complete idea about the fees and trading costs associated with the forex brokers, ensuring you have a clear understanding of the expenses involved. We also give you an assessment idea about the range of trading instruments and currency pairs offered, allowing you to diversify your portfolio and explore different trading opportunities.
Our best forex broker comparison is based on the most recent data and market trends, ensuring that you have the most accurate and relevant information at your fingertips. We understand that the forex market is dynamic, and brokers may update their offerings and services over time. That’s why we continuously monitor and update our comparison to provide you with the most up-to-date insights.
So, whether you’re a seasoned trader looking for a new broker or a beginner taking your first steps into forex trading, our comprehensive online broker comparison forex guide is here to assist you. We aim to simplify the process of finding the right broker, allowing you to focus on what matters most – executing successful trades and achieving your financial goals.
When you want to get into foreign exchange trading, it’s super important to pick the best forex broker to do it. It can make a big difference in how well you do.
First, you need to make sure the broker is safe and follows all the rules. Not all brokers are regulated in the same way, so you need to make sure they’re being watched over by trusted regulatory bodies who make sure everything is fair and safe. That way, you know your money is safe when you put it there.
Next, you’ve got to look at how much it costs to trade. Some forex brokers charge you in different ways – like a fee when you make a trade or by taking a little bit of your money every time you buy or sell. Those costs can really add up, especially if you trade a lot. So, you need to make FX broker comparison list to find the right one that doesn’t charge you too much.
Then, there’s the trading platform, and you will need to do the forex platform comparison. Some of these platforms are easy to use, some are not so good, and some have cool tools to help you figure out when to buy or sell. You need to pick a broker with a good trading platform that suits how you want to trade.
Additionally, the range of available currency pairs should align with your trading strategy. Some brokers have lots of different types of currency pairs you can trade, while others only have a few. So, if you want to trade something special, you’ve got to make sure they have it.
And here’s a tricky one: “leverage.” Leverage allows traders to control big trading position with less capital, but it also magnifies potential losses. It can help you make more money, but it can also make you lose a lot. So, lowest spread forex broker comparison gives you an idea about the leverage among different brokers.
Customer support is another critical consideration. Think of them as your team’s coach. Good support can save you when things go wrong, so you want to make sure they’re good at helping. The best forex broker comparison helps you find a good broker with a great customer support team.
Lastly, forex broker compares helps you keep your money safe, spend less on fees, use the right tools, trade the money you want, and get help when you need it. So, make sure to do your homework before you start trading!
Best Forex Brokers 2023 – Forex Brokers Comparison 2023
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The Impact of Choosing the Right Broker on Your Trading Success
Picking the right broker is super important for how well you do in trading. They’re like the doorway to the foreign exchange market, and they can affect how much money you make and how easy it is to trade.
A good broker keeps your money safe and makes sure everything is fair and follows the rules. They don’t charge you too much for trading, so you get to keep more of your money. Plus, they give you a good trading platform to trade with, so you can make smart decisions.
Moreover, their customer support can be a lifeline in times of need, helping you resolve issues swiftly. Ultimately, choosing the right broker is not just a preliminary step; it’s an ongoing partnership that can greatly enhance your chances of achieving trading success and financial prosperity in the dynamic world of the financial markets.
Factors to Consider for Forex Broker Comparison
Forex broker compares entails a careful evaluation of multiple factors that can significantly impact your trading experience and success. In this exploration, we will dig into the key considerations for making an informed choice among forex brokers.
Regulation and Licensing
When you’re comparing different forex brokers, one of the most important things to look at is whether they’re regulated and licensed. This means they have official permission from trusted financial organizations to provide brokerage services.
Regulated brokers have to follow strict rules about how much money they should have, how they handle their finances, and how they treat their customers. These rules are there to prevent scams and unfair behavior, which is really important for your safety. So, always make sure the broker you choose is regulated and licensed to trade in Forex.
Some of the most recognized regulatory bodies in the world for forex brokers include:
- Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) in the United States.
- Financial Conduct Authority (FCA) in the United Kingdom.
- Australian Securities and Investments Commission (ASIC) in Australia.
- Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
- Swiss Financial Market Supervisory Authority (FINMA) in Switzerland
- Financial Services Commission (FSC) in Mauritius
- Financial Markets Authority (FMA) in New Zealand
When doing the online broker comparison forex, it is crucial to prioritize those regulated by reputable authorities. Regulatory oversight not only enhances the safety of your funds but also ensures that the broker operates transparently and fairly. Traders should verify a broker’s regulatory status and confirm their compliance with the rules and regulations established by these recognized regulatory bodies.
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Forex Platform Comparison
When you’re checking out different forex brokers, it’s really important to see what kind of platform they offer you for trading.
Here are a few popular ones:
MetaTrader 4 (MT4)
- Easy to Use: MT4 is known for being easy to use, even if you’re new to trading.
- Features: It has lots of tools for studying the market customizable charts, and you can even use robots to trade automatically.
- Good for: People who want a simple but powerful platform for trading major money pairs.
MetaTrader 5 (MT5)
- User Friendly Interface: MT5 is also user-friendly but has a more modern look and more features.
- Features: It offers more options for timeframe indicators and lets you trade more stuff, like stocks and commodities.
- Good for: Traders who want to trade more than just currency pairs and need extra tools.
cTrader:
- Easy to Use: cTrader is known for its clean and easy-to-understand design.
- Features: It has advanced charts, shows detailed pricing, and you can trade with just one click.
- Good for: People who like a simple platform with advanced features.
But among these three, almost all brokers offer MT4 and MT5, while a few brokers offer cTrader.
Deciding between MT4 and MT5 depends on what you want to trade and how complicated you want your platform to be. MT4 is better if you’re mostly into forex trading, while MT5 is for those who want to trade other things, too, like stocks or commodities.
It’s also crucial to have a mobile app for trading on your phone or tablet. Most brokers offer these apps for both Android and Apple devices. They let you trade even when you’re not at your computer. If you choose MT4 or MT5, make sure the mobile app matches your preferences and works with your chosen assets.
So, when you’re picking a broker, make sure their trading platform is easy to use, has the features you need, and lets you trade what you want. And don’t forget to check if they have a good mobile app, too!
Mobile Apps
It’s important to compare the apps provided by the brokers for trading assets classes. Here’s why:
First, the apps on your phone need to work well and be easy to use. That’s because when you trade in forex, you might need to make quick decisions. So, having an app that lets you check your trades, buy or sell things, and see what’s happening in the market on your phone is super important.
Second, the quality of these phone apps can tell you if the broker is good with technology and cares about making things easy for you. If they have a really good app with lots of helpful features, it usually means they want you to have a good experience trading with them.
Lastly, the apps on your phone need to be safe. You don’t want anyone messing with your money or personal information. So, when you compare these apps, you’re also making sure they keep your money and data safe.
In short, looking at and comparing these mobile trading tools is a big deal because they can make trading easier, safer, and more enjoyable when you’re picking a forex broker.
| FP Markets | IC Markets | BlackBull Markets | FxPro | Eightcap | FBS |
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Account Types and Minimum Deposits
When you’re looking at different Forex brokers, it’s really important to check out the types of accounts they offer and how much money you need to start trading with them. This can make a big difference in how well you can trade.
Brokers usually have different account options to fit different trading styles. Some are basic and are good for beginners, while others are fancier and offer more benefits for experienced traders. So, you need to pick the account type that matches how you want to trade and how much risk you’re comfortable with.
The minimum deposit is the least amount of money you need to put in your account to start trading. This amount can vary a lot between brokers. Some let you start with a small amount, which is great if you don’t have a lot of money to invest. But some require a bigger deposit, which might not be suitable for everyone.
When you choose your account type and minimum deposit, it also affects how you manage your risk. If you start with a small account, you might need to be more careful with your trades to protect your money. But with a bigger account, you have more flexibility to manage your risk and make bigger trades.
So, when you are doing broker comparison forex, be sure to look at the types of accounts they offer and the minimum deposit requirements. It helps make sure your trading experience matches your goals and how much money you have to start with.
Deposit and Withdrawal Methods
Common deposit and withdrawal methods for forex trading brokers include:
- Bank Wire Transfer: This is a traditional method where you can transfer funds directly from your bank account to the broker’s account. It usually takes a few business days for the transfer to be completed.
- Credit/Debit Cards: Many forex brokers accept major credit and debit cards such as Visa, Mastercard, and American Express. This method allows for instant deposits, and some brokers may also offer the option to withdraw funds back to the card.
- E-Wallets: Electronic wallets like PayPal, Skrill, Neteller, and WebMoney are widely accepted by forex brokers. E-wallets provide a convenient and fast way to deposit and withdraw funds. They often have lower transaction fees compared to other methods.
- Cryptocurrencies: Some forex brokers now accept cryptocurrencies like Bitcoin, Ethereum, and Litecoin as deposit methods. This option offers fast transactions and may appeal to those who prefer using digital currencies.
- Local Payment Methods: Depending on your country of residence, forex brokers may offer local payment methods such as local bank transfers, online payment systems, or prepaid cards. These methods cater to specific regions and can be convenient for local traders.
However, the availability of deposit methods may vary among brokers. It’s recommended to check with the specific broker you are interested in to see which deposit methods they support.
Trading Instruments
For the best forex broker comparison, one big thing to look at is what kind of assets you can trade. Brokers offer different things to trade, like different types of currency pairs, gold and oil, shares of companies (stocks), and even digital currencies like Bitcoin. Each broker might have a unique list of instruments you can trade, so it’s important to compare forex brokers.
Why is this so important? Well, if you want to trade a specific type of asset or you want to spread your investments across different things, you need to make sure the broker you pick has those options. Some brokers are great for trading currency pairs, while others are better if you want to try your hand at stocks or cryptocurrencies.
So, comparing the available trading instruments helps you find the best forex broker and what you want to achieve.
Major Forex Pairs
It’s important to compare the major pairs of currencies in the forex market when you’re checking out different forex brokers.
The major pairs like EUR/USD, GBP/USD, and USD/JPY are the ones that lots of people trade the most. When you trade these pairs, you usually get better deals with smaller spreads and it’s easier to buy or sell them because many people are doing it. So, when you see how a broker deals with these big pairs, you can figure out if they have good trading conditions, like low spreads and quick order execution.
Additionally, these major currency pairs are really popular among traders. So, if a broker offers them and has good conditions for trading them, it’s a sign that they’re a good choice. This matters because it helps traders use different strategies and manage their risks when they trade.
Comparing how forex brokers handle the major currency pairs is important because it tells you if the broker is reliable, has good trading conditions, and fits what you need as a trader.
Comparing CFD Instruments
Comparing CFD instruments is importance when assessing forex brokers for several compelling reasons.
Forex brokers don’t just let you trade foreign currencies; they also offer other financial stuff you can trade, like contracts for difference (CFDs) on stocks, commodities, indices, and cryptocurrencies. So, when you’re checking out a broker, it’s smart to see what kinds of assets you can trade besides regular foreign currencies.
Examining the diversity and availability of CFDs offered by a broker is crucial for traders seeking to diversify their portfolios and explore opportunities beyond the forex market. Furthermore, comparing CFD instruments allows traders to evaluate a broker’s competitiveness in terms of spreads, leverage, and overnight financing costs across different asset classes.
This helps you figure out which broker is the best fit for what you want to do with your trading, your strategies, and how much risk you’re comfortable with.
So, comparing all these trading options helps you choose the broker that’s just right for you and makes your trading experience better.
Forex Broker Spread Comparison and Fees
Forex broker spread comparison is one of the most important things to look at, as spreads can really affect how much money you make or lose when you trade. Basically, it’s the difference between the price you buy a currency for and the price you can sell it for. Some brokers have fixed spreads, which means they stay the same all the time, while others have variable spreads that can change. Depending on how you trade, you might prefer one over the other.
Another thing to check is if the broker charges you a commission along with the spread. This is like an extra fee on each trade. Some brokers do this, and some don’t, so it’s essential to know.
And watch out for hidden fees! Some brokers might have costs you don’t see right away, like fees for keeping your trades open overnight or fees for taking your money out of your account. These can reduce your profits, so it’s crucial to be aware of them.
By comparing these factors, you can find a broker that keeps your trading costs low and fits with how you trade. This way, you can make more money and have a clear picture of what you’re paying for when you trade.
Best Forex Brokers 2023 – Forex Brokers Comparison 2023
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Leverage and Margin
When you compare forex brokers, it’s really important to pay attention to two things: leverage and margin.
Leverage lets you control a big trade with just a small amount of money. It can help you make more money, but it also means you could lose more. So, you need to compare what level of leverage each broker offers and choose the one that matches how much risk you’re comfortable with and how you like to trade.
Margin is about how much money you need to put in your account to make a trade. Some brokers ask for more, some for less. This can affect how you manage your money and how much risk you’re exposed to. By comparing margin requirements, you can find a broker that fits your budget and risk strategy.
Reputation and Customer Support
When you’re trying to decide on a forex broker, checking the broker’s reputation and customer service is also important.
Reputation is like their track record. You want to make sure they have a good history of being honest and reliable. You can find out a lot about a broker by looking at online reviews, ratings, and what other people say about them. If lots of people say good things, it’s a good sign.
Further, you need a broker who can answer your questions and solve any issues, especially during busy times when the market is open 24/7. It’s also a plus if they can communicate in different languages, especially if you’re trading internationally.
So, by checking the reputation and customer support of different brokers, you can pick one that’s trusted, easy to talk to, and makes you feel confident when you’re trading.
Execution Speed and Order Types
Execution Speed is how fast a broker can fill your trading orders. This speed is crucial, especially when markets are moving quickly. Brokers with low latency execution, meaning they can fill orders super fast, can help you get better results with your trading strategies.
Order Types are the different ways you can place trades. There are several, like market orders (where you buy or sell right away at the current market price), limit orders (where you set a specific price to buy or sell), and stop orders (which trigger a trade when the market hits a certain price). Some brokers also offer advanced orders like trailing stops (which automatically adjust your stop order as the market moves). These advanced orders can be handy for precise risk management and trading strategies.
By checking the execution speed and the variety of order types a broker offers, you can make sure they can handle your trading style and help you manage your risk effectively.
Educational Resources and Analysis Tools
For accurate FX broker comparison, it’s crucial to look at the educational resources and analysis tools they provide. This can make a big difference in your trading success, no matter your level of experience.
Educational Resources include things like webinars, tutorials, and market analysis. Brokers that offer comprehensive educational materials can help you learn and improve your trading skills. These resources contribute to your growth and confidence as a trader. Whether you’re a beginner or an experienced trader, having access to these materials can be really beneficial.
Analysis Tools are essential for making informed trading decisions. These tools often include technical indicators and charting capabilities that help you understand market trends. The ability to access real-time news and research is also crucial for staying up-to-date with what’s happening in the market.
By comparing these factors, you can choose a broker that not only helps you learn and analyze the market effectively but also aligns with your trading strategies.
Risk Management and Account Protection
Comparing risk management and account protection features among different forex brokers is important for making a trader’s capital.
Effective risk management tools such as stop-loss orders, take-profit levels, and margin alerts are essential for controlling and minimizing potential losses. Additionally, evaluating a broker’s policies for negative balance protection and segregation of client funds ensures that traders’ capital is secure, even in extreme market conditions.
Robust risk management and account protection measures provide traders with peace of mind, allowing them to focus on their trading strategies without undue worry about the safety of their funds. Therefore, careful assessment of these factors is a critical step in choosing a trustworthy and responsible forex broker.
Comparing Forex Rebates
Forex rebates are like getting money back when you trade, and they can make a big difference in how much money a trader makes. When traders compare the rebate programs offered by different brokers, they can see how much extra money they can earn from their trades, which can really add up over time.
Also, these rebate programs can be quite different from one broker to another. They can have different rules about how they work, how often you get the money, and who can get them. So, when traders look at these programs and compare them, it helps them find the best way to save money and make more from their trading.
Checking out forex rebates is important because it can boost a trader’s profits and help them pick a broker that lets them earn as much as possible while keeping their trading costs low.
How to Research on Forex Broker Comparison List?
When you’re researching forex brokers to find the right one for you, here’s a step-by-step guide to help you:
Online Resources
- Forex Broker Review Websites: Start by visiting reputable forex broker review websites. These sites give you detailed info about different brokers, including their rules, trading terms, fees, and what other traders think.
- Forums and Communities:Join Forex forums and online groups. Traders often share their experiences with brokers there. You can learn a lot from what others have gone through.
Seeking Recommendations
- Ask Other Traders:Talk to other traders you know or find online in social media groups. Ask them about their experiences with specific brokers. Personal recommendations can be super helpful to know if a broker is reliable and has good customer service.
- Seek Expert Opinions:Look for advice from forex experts and pros. They can guide you to brokers that match your trading goals. Keep an eye on financial news and consult well-known analysts for their opinions.
Demo Accounts and Testing
- Use Demo Accounts:Open demo accounts with the brokers you’re interested in. Demo accounts let you try out a broker’s trading platform and conditions without risking real money. You can check how fast they execute orders, what tools they offer for analyzing the market, and how quickly their customer support responds.
- Assess Suitability:Try out demo accounts to see if a broker fits your trading style. Look at things like the spreads they offer, how much leverage they provide, what assets you can trade, and any special features they have. A broker that matches your needs is more likely to help you succeed in Forex trading.
By following these steps, you can carefully research and choose a forex broker. It’s essential to invest time in this process to ensure a more successful and satisfying trading experience.
Know the Types of Forex Brokers
There are three main types of forex brokers:
No-Dealing Desk (NDD) Brokers
These brokers don’t have a traditional dealing desk. Instead, they connect you directly to the interbank Forex market. NDD brokers usually offer tight spreads, quick trade execution, and transparency. They’re like intermediaries, not market makers. NDD forex brokers include ECN, SPT, and DMA Forex brokers.
Market-Making Brokers
Market makers, often called dealing desk brokers, create their own market by taking the opposite side of your trades. They offer fixed spreads and execute trades instantly. However, there can be concerns about conflicts of interest because they make money when traders lose. Market makers are usually a good choice for beginners because they are straightforward and offer fixed spreads.
Electronic Communications Network (ECN) Brokers
ECN brokers link you directly to the interbank market, providing competitive spreads and showing you market depth. They match buyers with sellers, creating a transparent and efficient trading environment. ECN brokers are favored by experienced traders who value transparency, low delay in executing trades, and the absence of a dealing desk.
Choosing the right type of Forex broker depends on how you like to trade, your experience level, and your personal preferences.
How to Compare Forex Brokers Effectively?
Effectively forex broker comparison list involves several key steps to help you find the best fit for your trading needs. Here’s a breakdown of the process:
- Create a Personalized Checklist: Start by making a checklist of what matters most to you as a broker. Consider factors like the forex platform comparison, available currency pairs, account types, minimum deposit requirements, and regulatory compliance. This checklist will be your guide to compare forex brokers based on your unique requirements.
- Analyze Spreads, Leverage, and Account Types:
- Spreads: Check the difference between the buying and selling prices of currency pairs. Lower spreads generally mean better trading conditions. So, you should do the lowest spread forex broker comparison.
- Leverage: Understand how much leverage each broker offers. While leverage lets you hold larger positions with less capital but also increases risk, so ensure it matches your risk tolerance.
- Account Types: Explore the various account types available, such as standard accounts, mini accounts, or Islamic accounts. Choose one that suits your trading style.
- Evaluate User Reviews and Broker Reputation:
- User Reviews: Research and read reviews from other traders to learn about their experiences with different brokers. Look for feedback on customer service, execution speed, reliability, and the ease of withdrawals.
- Broker Reputation: Check the broker’s reputation and track record in the industry. Make sure they are regulated by reputable financial authorities.
- Compare Additional Features and Services: Look beyond the basics and consider other features and services offered by brokers. This may include educational resources, market analysis tools, trading signals, or access to a demo account. These additional features can enhance your trading experience and provide valuable support.
- Consider Overall Trading Costs: In addition to spreads, take into account other costs related to trading, such as commissions, overnight swap rates, and deposit/withdrawal fees. These costs can vary significantly between brokers and may impact your long-term profitability.
By following these steps and conducting thorough research, you can effectively make the FX broker comparison.
Can I Trust Online Reviews When Compare Forex Brokers?
Online reviews can indeed be helpful for forex broker comparison, but it’s crucial to approach them with caution. Here are some tips to make the most of online reviews:
- Diversify Your Sources: Don’t rely on just one review source. Check out multiple websites, forums, and social media platforms to get a well-rounded perspective on a broker.
- Consider Patterns: Look for common themes and patterns in the reviews. If many traders mention the same positive or negative aspects, it’s more likely to be reliable feedback.
- Determine Objectivity: Pay attention to whether a review appears unbiased or if it seems overly positive or negative without providing specific details or reasons.
- Verify Information: Try to cross-reference the information you find in reviews with official broker websites and regulatory authorities. This can help ensure the accuracy of the information.
- Use Reviews as Part of Your Research: Remember that reviews should be just one part of your overall research when comparing brokers. Don’t rely solely on them. Also, consider factors like regulatory status, trading conditions, fees, and customer support.
By using online reviews as a part of your broader research, you can get a more accurate picture of a Forex broker’s reputation and service quality, helping you make a well-informed decision.
| FP Markets | IC Markets | BlackBull Markets | FxPro | Eightcap | FBS |
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Final Words
In the world of forex trading, picking the right broker is a big decision. Recent data shows there are lots of forex brokers out there, so comparing them is crucial. Your forex broker comparison should check regulations, trading costs, forex platform comparison, offered currency pairs, forex broker spread comparison, demo accounts, customer support, research, and education tools.
Comparing the brokers carefully is the first step to a successful journey in forex trading.
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
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
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
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
Eightcap is an Australian based forex broker offering their service via MT4, MT5 and TradingView. You can signup for two Eightcap accounts and trade from 1000+ asset classes.
- Fully digital account opening
- Low forex fees
- Research tools
- Free Education Resources
- No bonuses
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
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.
