Recommended Forex Brokers List
In compiling the recommended forex brokers list, we looked through many things. Our concern for students of our course or enthusiasts who know what the forex market is like and want to get in is scams. The forex trading brokers you find might not be who they say they are. There is always a criterion to follow when you want to find the best. Our list of recommended forex trading brokers looks at every important thing we know you care about.
Forex Trading Brokers List:
|Visit Broker||Rank||Broker Reviews||Location||Minimum Deposit Amount||Deposit Bonus||Payment System||Rating||Create an Account|
|9||Limassol, Cyprus CySEC (Cyprus)||Cent and Mini Account No Limit, Classic - $2,000 and ECN - $300||No Bonus||9.04||Real Account Demo Account|
|10||Maina Court, Plot 252, Herbert Macaulay Way, Abuja, Nigeria||$1.00||Depend on Promotion Offer||9.54||Real Account Demo Account|
|8||Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom||$1.00||No Bonus||9.73||Real Account Demo Account|
|6||16 St Clare Street, London, EC3N 1LQ,United Kingdom||$200||No Bonus||9.9||Real Account Demo Account|
|7||HF Markets (SV) Ltd. Suite 305, Griffith Corporate Centre, Beachmont, Kingstown||$100||100%||7.0||Real Account Demo Account|
|4||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|
|5||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||9.99||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|
To give you a clear idea of what we look at, let’s run down everything.
Most countries with forex traders have commissions, agencies and financial authorities who oversee the market. They make sure that everyone is complying in a way that protects the customers from being swindled.
Reputable companies on our forex brokers list are all regulated.
2. Account Details
As always, the fine print is important when you are looking for forex trading brokers to work with. These are some important things that we took into consideration:
- Leverage and margin
- Commissions and spreads
- The initial deposit
- The ease of deposits and withdrawals
All these things go into making sure that no company, with a bad record of these things, finds itself on the top forex brokers list.
3. The Currency Pairs Offered
There are many currencies available for trade, but only some of them get the most attention. We call them the majors. In your search for forex trading brokers, make sure they offer trades in the currency pairs that interest you.
All the names on our recommended forex brokers list, offer you all the currency pairs that you want, with ease. With several options to choose from, you will not miss out on any trades that have potential.
4. Customer Service
It is not uncommon for a trader to encounter something that does not add up or something that you cannot resolve. Moments like that are when you need support the most. Many forex trading brokers are very good at selling you on their products but are not present when you have a problem.
We checked to see how the members on this forex brokers list treat customers when they have problems and most of them seem to have great reviews.
5. Trading Platforms
The platform is essentially the portal that will allow you to look into the forex exchange markets and stake a claim. Some forex trading brokers have platforms difficult to use or navigate. Always make sure you use platforms that you will not have trouble understanding.
Look out for other things like;
- Custom options
- Order entry types
- Automated trading
- Strategy building
- Trading alerts
Anything that will give you an edge is what these companies on our forex brokers list look for.
Pro Tip: When you can trust your broker, it will give you more time to work on your strategies and analysis. This is what will give you the chance to increase the amount of money you make instead of worrying.