How to find the top forex brokers
If you are looking for a forex broker for trading, here I will explain how to choose a suitable and trusted forex broker for your success in the forex market. Also, a top forex brokers list is prepared at the end of the article.
1. Regulation is Important
In the forex market, you can’t say all brokers have licenses and regulations therefore you should find a regulated broker to get assurance in the future. You can see below some of the regulatory organizations according to the country.
- ASIC- Australian Securities and Investment Commission
- FSA UK- UK Financial Services Authority
- PRA- The Prudential Regulation Authority
- FCA- The Financial Conduct Authority
- FSCS- Financial Services Compensation Fund
- CFTC- Commodities and Futures Trading Commission
- FINRA- Financial Industry Regulatory Authority
- NFA-National Futures Association
- U.S. SEC- US Securities and Exchanges Commission
- CBOT- Chicago Board of Trade
- SIPC-Securities Investor Protection Corporation
2. Trading platform and tools
Secondly, check the available platform and tools that your broker provides and its features. Also, the availability of currency pairs and products that you are going to trade in their platforms. Also, the Compatibility of these tools with the web browser, operating system, mobile phone or any other device is very important. Meanwhile, the top forex brokers have a desktop, web-based, and mobile platforms to manage your accounts and trades because it is very important for the future.
3. Which currencies and products you can trade?
Many brokers provide a lot of currency pairs and products on their platforms to trade but check whether the broker has all currency pairs and products that you are going to trade.
4. Consider about trading fees and conditions
Many brokers charge fees through commissions and spread. Therefore finding top forex brokers that charge lower fees is very important to get more profit. So, take care of hidden fees such as withdrawal fees.
5. Deposit and withdrawal options
Find out the deposit and withdrawal options that brokers support and check whether you can deal with them. Similarly, look at how fast you can handle these transactions.
6. Order executions
When buying or selling trades if delay a few seconds, it can cost you a lot. Therefore finding a broker with instant executions is very important when you are trading.
7. Forex Education
Learning is the better way to success so when choosing top forex brokers, find out they have provided any educational tools to traders. In present many brokers have these features.
8. Customer Service
You better find a broker that you can get answered as soon as possible if you have any questions about your deposit, withdrawal, trading, etc. Many brokers have a 24/7 customer support service.
In conclusion, finding the best forex broker is not an easy task therefore firstly research the above things before register with a broker.
Top Rated Forex Brokers List
|ASIC, FCA||$50||1:200||MT4, Trading Station||Click Here|
|FCA, ASIC, MAS, JFSA, DIFC, CFTC, FINMA||GBP 250||1:30||MT4, IG Proprietary||Click Here|
|FCA, ASIC||$200||1:500||MT4, MT5, cTrader||Click Here|
|FCA, MAS, ASIC, CFTC, NFA, IIROC||N/A||50:1||MT4, fxTrade||Click Here|
|ASIC, FCA, IIROC, CFTC||$50||1:200||MT4, FOREX.com Platforms||Click Here|
|FINMA||$1000||1:200||MT4, JForex||Click Here|
|ASIC||$200||1:500||MT4, MT5, cTrader||Click Here|
|CySEC||$100||1:300||Markets.com Web, Markets.com Mobile||Click Here|
|CySEC,FCA, ASIC||$5||1:500||MT4, MT5, XM WebTrader||Click Here|
|CySEC, FCA, ASIC||$200||1:30||eToro Platform||Click Here|
|FCA||GBP100||1:400||MT4 ,Advantage Web, AT Pro, Mobile Trading Apps||Click Here|
|FCA, IFSC, KNF, CNMV||$250||1:200||MT4, xStation5||Click Here|
|FCA, CySEC, ASIC, MAS||$100||1:30||Plus500 Platform||Click Here|
|FCA, CySEC, DFSA||$50||1:500||MT4, MT5||Click Here|
|FCA, FSA, CySEC||$25||1:500||MT4||Click Here|
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