Best Forex Brokers – Choosing the best forex broker is not easy for beginners, especially for those with no prior experience. For this reason, reading information about the top forex brokers that have been reviewed by experienced professionals is highly recommended to increase knowledge about forex brokers. This forex business trend is on the rise when everyone must be active at home and want to make money from home as a forex trader.
Forex trading is starting to be in great demand by retail investors because it is considered to be able to generate profits quickly, that is the view of someone who has never traded on forex. But in fact, many of them fail in this business because of their lack of knowledge and experience. The forex markets is the largets financial markets in the world which is active 24 hours and anyone can participate, be it state or private institutions. Therefore, you are retail traders need experience in analyzing trades and choosing the right forex broker is needed in this business. For that, as a trader, you should learn this important thing.
A forex trader of course needs brokerage services in their transaction activities, one of the successes of a trader is determined by the forex broker he chooses, because an irresponsible broker can disburse your capital. Choosing the best forex broker is often a problem for some individual traders who trade forex. The lack of information and experience is the main factor. In choosing a broker, it takes a long research to determine whether a forex broker can be trusted. It may also depend on what you need like to trade stocks, CFD’s, Indices or Crypto currencies.
Through long research and based on experience, we have determined the best forex brokers on our list, our goal is to help many people make the most informed decisions about choosing a forex broker to invest in. Provide detailed information starting from the types of trading accounts offered to the broker’s regulations.
Best Forex Brokers in 2021
- IC Markets – Best overall forex broker and best tight spreads brokers
- Pepperstone – Best forex broker for trading experience
- Exness – Best customer service, great trading platform
- AvaTrade – Best trading platform, most currency pairs
- Hotforex – Great for professionals and institutions
- fxPrimus – Best Forex Brokers for Beginner
Finding the best forex broker for you is not a simple task, If you want to trade on the forex market, you need to use a top forex brokers. The right choice can improve your performance significantly by minimizing the risk of losing capital due to an unprofessional broker. Choose a top forex brokers to ensure you get good customer service, speed of execution and a regulated broker.
#IC Markets – Best overall forex brokers and best tight spreads brokers
IC Markets is international forex brokers founded in 2007, this forex brokers provides tight spreads, low commission and fast execution. IC Markets is regulated by the Australian Securities and Investment Commission ( ASIC ) , Cyprus Securities and Exchange Commission ( CySEC ) and by the Seychelles Financial Services Authority (FSA).
IC Markets broker offers the MetaTrader4, MetaTrader5 and cTrader platforms. This broker is highly recommended to both new and experienced traders looking for faster execution and tighter spreads.
IC Markets broker provide 3 types of trading accounts namely standard , raw and cTrader. Minimum deposit $200, maximum leverage 1:500 ( 1:30 for EU and AU residence ) and spread start 0 pips on raw account. Read more about IC Markets Review
# Pepperstone – Best brokers for trading experience
# Exness – Best customer service, great trading platform
Exness is a multi-award winning global forex broker. Was founded in 2008, Exness has been recognized and awarded many times including different aspects like trading technology, customer satisfaction and overall rankings recognizing its success. This company one of best forex broker who that provides tight spreads from 0 pips with low commission from $7 per lot on ZERO account.
For the safety of client funds, Exness uses segregated accounts, separating company funds from client funds, this is widely used by companies that have good credibility to maintain the safety of client funds. Other than that, exness also has regulated by FSA ( Seychelles ), CySEC ( Cyprus ) and FCA ( UK ). To provide what traders need, Exness offers 5 types of accounts namely cent, standard, raw spreads, pro and ZERO. Minumum deposit from $1 and maximum leverage 1:8 ( 1:30 for EU and AU residence ).
Exness clients can be trade on forex, shares, indices and cryptocurrencies using popular platform Metatrader 4 and Metatrader 5 in desktop and mobile. Read more about Exness Review
# AvaTrade – Best trading platform, most currency pairs
AvaTrade is a leading international forex broker who has best trading platform. Headquartered in Ireland, AvaTrade was founded in 2006 and the company is one of the oldest online forex broker. AvaTrade provide only two account types, they are standard account and a demo account. For standard accounts can be opened with minimum $100 using ecurrency or $500 usig bank wire.
AvaTrade is most definitely a reputable forex broker, being regulated by several authorities from around the world. AvaTrade has regulated by Central Bank of Ireland, ASIC , JFSA and FSB ( South Africa ). Minimum deposit from $100 and maximum leverage 1:400 ( 1:30 for EU and AU residence ), AvaTrade clients can be trade on forex, shares, indices and cryptocurrencies using popular platform Metatrader 4, Metatrader 5 and AvaTradeAct platform (Proprietary Platform). Read more about AvaTrade Review.
# Hotforex – Great for professionals and institutions
Hotforex is part of HF Markets group the multi-national forex broker company was founded in 2010. HotForex is an award winning forex broker company, providing trading services and facilities to both retail and institutional clients. HotForex has covered a significant part of the financial markets by offering Forex, Metals, Energies, Indices, Shares and CFDs.
Hotforex offers STP and ECN trading platforms and more than 155 countries can use its services. This company was regulated by FCA ( UK ), DFSA ( Dubai ), FSCA ( Sout Africa ) and SVGFSA ( Saint Vincent and The Grenadines ).
Hotforex provide 6 account types for both retail and institutional clients. The most populer which is popularly used by traders is ZERO Spreads account , and the other is Micro, Premium, Auto, PAMM and HF Copy Account. Minimum deposit from $50 and maximum leverage 1:500 ( 1:30 for EU and AU residence ), HotForex charges no commission or fees on deposits or withdrawals. Read more about Hotforex Review
# fxPrimus – Best Forex Brokers for Beginner
fxPrimus is international forex broker company was founded in 2009, this company now serve traders from 155 country in the world. FXPrimus is one of the leading online forex brokerages with an almost unrivalled reputation for clients protection. fxPrimus provides a wide variety of instruments that can be traded by traders including Forex, Metals, Energies, Indices, Shares and CFDs.
FXPrimus is under several financial regulators such as FSCA, VFSC and CySEC, thus making the company fxprimus one of the most well-regulated brokers on the market today. Currently, FXPrimus provides 3 types of accounts, namely Micro , Variable and ECN. Minimum deposit from $100 and maximum leverage 1:500 ( 1:30 for EU and AU residence ). fxPrimus is one of best forex broker for beginner , they slogan is ” The safest place to Trade ” and this is indeed proven by the number of traders who use the fxPrimus platform. Read more about fxPrimus Review.
What should we consider when comparing forex brokers
To determine and choose a top forex broker or the best forex broker we need many instruments including trading conditions, trading platforms , broker regulations and education material.
Trading Conditions: Trading fees should be as low as possible be it trading spreads or commissions. The broker must explain the trading account conditions in a transparent manner regarding spreads, trading commissions and execution policies as well as a list of all available CFD assets.
Platforms: Although many brokers offer popular trading platforms like metatrader 4 and metatrader 5 should also offer the best trading experience. Because this does not always happen even if using the trading platform using the same vendor. The trading platform can be used on multiple devices and should be able to use it at multiple brokers.
Regulation: The most important aspect is the regulator that oversees your trading account, this is to keep your money safe. Reputable regulations such as ASIC, FCA UK, JFSA and others. It is not the number of forex regulatory bodies that regulate brokerage activities that are needed, but the quality of regulatory oversight from regulators.
Educational Materials: Beginner traders should have a well-structured trading course alongside practice using a demo account. Advanced trading strategies, webinars and market research all contribute to a complete learning experience for novice traders.