Cons Trading costs competitive but nothing special. Best all-around broker with high floating leverage and fast execution. We have made FXTM one of our top-rated brokers because in addition to its lengthy track record, it enjoys a very high level of regulation and reputation, and it offers a highly competitive fee structure which tends to keep down the cost of trading.
Cons Limited choice of cryptocurrencies and commodities. FP Markets. ECN trading with leverage up to For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies.
Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. Pros Choice of trading platforms and auxiliary trading tools Very competitive cost structure and excellent asset selection Low minimum deposit requirement and leverage of up to Well-regulated and trustworthy. Cons Availability of Iress geographically restricted. With well over 4, different assets to choose from, Capital.
The AI-driven platform makes use of the very latest technology to create a rich, intuitive, and easy to use trading environment, allowing you to trade a diverse range of indices, commodities, cryptocurrencies, along with currency pairs and shares. Traders using the Capital. Pros Excellent Forex and cryptocurrency selection A competitive commission-free pricing environment Award-winning proprietary trading platform alongside MT4 High-quality educational section built around Investmate.
BlackBull Markets. Best ECN trading environment, with scalping and hedging. BlackBull Markets was founded in in New Zealand. BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.
Besides its proprietary trading platform, Markets. Forex and crypto traders have a choice of 67 currency pairs and 25 cryptocurrency pairs. Completing the selection are 28 commodities, 13 in-house created blends in-house thematic portfolios , and 4 bonds. Pros Competitive commission-free Forex fees from 0.
Cons Commodities and indices fees higher than Forex costs. Pepperstone, founded in and headquartered and regulated in Australia, the U. As an ECN broker, Pepperstone offer raw spreads and low commissions. Cons Demo accounts have day time limits. Following its acquisition of Danish blockchain company Firmo and Belgian crypto portfolio tracker application Delta, it released its cryptocurrency wallet for mobile devices. Pros Active investment community ideal for social trading Dedicated tools for social trading Broad cryptocurrency selection Expanding educational offering for beginner traders.
Cons Internal withdrawal fees Low retail leverage and higher minimum deposits, but within a reasonable range. Established in , XM XM. XM offers a choice of over 1, tradable instruments with spreads as low as 0. XM offers an unusually wide range of European equities.
Pros Outstanding trading tools and loyalty program Low minimum deposit, high leverage, and competitive trading cost Excellent research and education Trustworthy and transparent with generous bonuses and incentives. As one of the major U. The firm's fees are competitive within the industry and it ranks high on our list for customer service. With these positive attributes along with its apparent focus on functional simplicity, LCG is well-suited to beginning traders.
Aside from rating highly overall, the company is ranked as the winner for Investopedia's Best Forex Broker for Beginners in Although you certainly don't have to be a beginner to benefit from its offerings, LCG is hard to beat if you are just starting out. Saxo Capital Markets is for the advanced trader. It offers a broad variety of brokerage services geared towards sophisticated active traders, investors, professionals, and institutions.
Smaller account holders will encounter a number of unusual obstacles that include higher account minimums, a variety of fees, and fewer customer support options. Tiered accounts lower trading costs and add benefits as equity grows, but the majority of retail traders will have a tough time reaching the higher customer tiers. Founded in as Poland's first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in to comply with new Polish regulations.
The firm does not accept U. XTB offers maximum leverage of up to for non-U. The firm places an emphasis on customer support and offers relevant educational tools and research amenities that would be well-suited to a novice trader. In the U. It's as simple as that. To deliver on this successfully, IG has decided to adopt the time-honored adage, "go big or go home" because, well, it can. Low spread costs, emphases on customer service and education, actionable research, and functional user interfaces make this broker well-suited to compete in the online forex broker market.
Traders in Since opening its doors in , Australia-based Pepperstone Group has emerged as a top-tier player in the online brokerage landscape, building a highly competitive and full-featured trading portal that focuses on forex, shares, indices, metals, commodities and even cryptocurrencies.
Pepperstone offers uncomplicated access to the markets which allows the client to focus on the complicated task of trying to successfully trade the markets. Pepperstone is ideally suited to traders that want a manageable range of low-cost offerings, multiple choices of user interfaces and account types, and efficient customer support.
Investopedia's ranking methodology factored in these attributes in declaring Pepperstone as the Best Forex Broker for Trading Experience in You will want a broker that has great educational material about forex and CFD markets, as well as solid customer support.
There are a lot of forex brokers that allow for low-to-zero minimum deposits which can be a great option for traders with limited funds; many brokers also charge very low transactional fees and spreads. Several forex brokers offer comprehensive mobile apps delivering nearly all the features that their desktop counterparts do.
Some forex brokers offer more of the bells and whistles that more seasoned traders require, including advanced order types and full-featured charting platforms with a wealth of analytical tools. The range of products offered by forex brokers varies, and you'll want to choose a broker that provides a wider range of tradeable offerings, including currency pairs, indexes, commodities, shares, and cryptocurrencies, among others.
Investopedia is dedicated to providing traders and investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting thousands of data points that we weighed into our star scoring system. In addition, every broker we surveyed was asked to fill out a comprehensive survey about all aspects of their platform that we used in our testing. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online platforms for users at all levels.
Click here to read our full methodology. Your Money. Personal Finance. Your Practice. Popular Courses. Part Of. Basic Forex Overview.
|Best online forex broker reviews||505|
|High probability forex trading setups review||As of 1st August of this year no retail forex trader from EU will have more leverage than for major currency pairs and for. CedarFX believes in combining the finest market conditions with excellent pricing and technology so clients can grow their accounts. Short Ideas. Invest in Art. Pros Outstanding platforms and tools Over 19, tradeable instruments Competitive pricing Cons No predefined layouts on the flagship web platform Limited product range on MT4. There are also trading e-books which are ideal for those who want to learn about forex, shares and Best online forex broker reviews while travelling.|
|Forex Expert Advisor shockbar||915|
While we are discussing strategies: not all forex brokers support strategies such as hedging, scalping and EAs. Make sure you understand any and all restrictions in this regard before you sign up. For those who want to trade on the go, a mobile app is obviously important. While all forex brokers feature such apps these days, some mobile platforms are very simplistic.
They lack all the advanced analysis and market research features, and as such, are hardly useful. You can see a list of the best forex broker apps here. The developers of trading software are often adding new and unique functionality to their platforms. But some also allow user-developed AI or tools to be added.
This added configurability is very attractive for certain traders. Signal platforms, as the name suggests, are set up to alert the user when certain market conditions are met. Within this type of software, you can dictate when you receive signals and how they are sent. Speed is crucial when using signals. Systems can also be configured to recognise certain patterns. Signals can add some discipline to trading, as, in theory, trades will only be placed when certain conditions are met — reducing any made on impulse.
This is a double-edged sword, though, because it still relies on your judgement to make the correct decision once the signal has been sent. Automated trading software takes forex signals to the next logical step. Not only will opportunities be identified based on your configuration but the trades will also be automatically placed as per your commands. Put simply, thw automated forex trading software systems — called robots or bots — will trade your money using a pre-determined set of entry and exit criteria that you decide in advance.
There are apps that you can download to check the progress of your forex bots on the move, but fundamentally it is up to them to make the right trades. In comparison to signal platforms, the frequency of trades placed by automated forex platforms cannot be matched. The robot will follow the trading rules until the balance runs out, and that can all happen very quickly if things start going wrong. Automated forex trading platforms are a domain for experienced trader only.
From charting to futures pricing or bespoke trading robots, forex brokers offer a range of tools to enhance the experience. Again, whether the availability of these as a deciding factor in opening an account or not will be down to the individual. Level 2 or Level II data is one such tool, where preference might be given to a brand delivering it.
Some traders may rely on their forex broker to help them learn to trade. From guides to classes and webinars, educational resources vary from brand to brand. However, a broker is not always the best source for impartial advice. Consider checking other sources too — such as our Education page. There are some massive disparities between the costs associated with deposits and withdrawals from one broker to another.
Such disparities mostly result from the internal procedures observed by different forex brokers. At one platform, it can take as much as 5 times longer to fund an account than it does at another. The incurred costs differ quite a bit as well. Otherwise, the payment process largely hinges on the accepted money transfer methods. It would make sense for forex brokers to adopt as many such methods as possible, yet some still fall well short of the mark.
This can act as an entry barrier to less experienced clients with less capital to invest. The majority of forex platforms tend to accept Skrill and Neteller too. Forex brokers with PayPal are much rarer. The same goes for forex brokers accepting bitcoin. First of all: disgruntled traders are always more motivated to post feedback. They are not likely to be unbiased. Secondly: not all of this feedback is factually correct.
Even sites like TrustPilot are blighted with fake posts and scam messages. There is no quality control or verification of posts. That said, it is still relevant. To the trained eye, genuine trader reviews are relatively easy to spot.
The utter lack of community feedback is a red flag as well. People always have something to say about forex brokers. Therefore, something is definitely amiss if there is no information available in this regard. Regulation should be an important consideration. Across the world, there are different regulatory bodies that govern the rules a forex broker must adhere to.
This includes the following regulators:. If a forex platform is regulated by one of the above, they are permitted to provide financial services throughout Europe. In Europe, forex leverage is capped at or x Outside of Europe, leverage can reach x Traders in Europe can apply for professional status with their forex broker. This removes their regulatory protection and allows them to trade with higher leverage.
These are the most stringent global regulators. Forex brokers offering services in their jurisdictions must register with them to provide financial services legally. Sadly, this is not a sign that should instil confidence in the forex broker. Beyond a nominally available dispute-resolution system, such regulatory coverage offers you no protection.
Leverage can be a factor to consider when selecting forex platforms. However, regulation often takes the choice out of this. Leverage is capped at by the majority of forex brokers regulated in Europe. Assets such as gold, oil or stocks are capped separately. Most forex brokers will follow regulations and segregate client and company funds into separate bank accounts.
This protects traders in the case of broker liquidation. Data protection is usually legislated at a government level. This restricts what forex brokers can do with your personal data, offering that added level of protection. Account security also differs among forex brokers. Some platforms may offer the additional layer of protection of 2FA two-factor authentication which will protect against hacker intrusion. Many forex brokers will allow you to open a simulation account.
This trading training software uses imaginary money to see how you would have performed had you made the decisions that you did on the real forex market. This can be good for new traders looking to test the waters and ease their nerves, and it can also be useful for more experienced traders looking to trial new strategies and ideas in a risk-free environment.
See our list of the best forex demo accounts. A proper regulatory agency will not think twice about handing out cease and desist orders to dishonest brokers. It will also likely blacklist them. You actually have to scour the archives of regulators to happen upon such relevant bits of information. From cashbacks, to no deposit bonuses, free trades or deposit matches, forex brokers used to offer loads of promotions.
Regulatory pressure has changed all that. Forex platforms offering bonuses are now few and far between. Our forex bonus page will list them where offered, but they should rarely be a deciding factor in your choice. Always check the terms and conditions and make sure they will not cause you to over-trade. Many forex brokers with welcome, low or no deposit bonuses have time limits or turnover requirements.
This is particularly crucial when assessing a forex broker offering a no deposit bonus. Often, bonuses that are given without the need to deposit are non-withdrawable. Forex brokers use a number of different methods to execute your trades. Exactly which method it uses for a particular trade will be reflected in the price you pay for it.
Some forex platforms only support certain order execution methods. For instance, your broker may act as a market maker and not use an ECN for trade execution. ECNs are great for limit orders, as they match buy and sell orders automatically within the network.
Order execution is extremely important when it comes to choosing forex brokers. It also goes hand-in-hand with regulatory requirements. Regulators aim to make sure that traders get the best possible execution.
Online forex brokers are required to submit data concerning their execution methods as well as execution prices on a trade-by-trade basis. In this reporting, the prices paid by forex platforms are compared to those quoted to the public. If the broker executes trades at better prices than the public quotes, it has some additional explaining to do. The differences can be access to 0 pip spreads, Level II data, settlement or different leverage and commission.
In my opinion, everything that this broker offers prevail over all these requotes and such things. Advantages: Availability of multiple licenses A variety of trading instruments Clear terms of working with a broker Professional training in forex trading Multilingual technical support Introduction of technology in trading Lightning-fast execution on accounts. Comment: I have been trading on this platform for several months and have not yet encountered any negative moments. There are fairly low spreads compared to other brokers and there are a lot of tools for trading.
Advantages: Multilingual technical support Introduction of technology in trading Lightning-fast execution on accounts No commission for deposits and withdrawals. Comment: I really like the support service in this place. The guys are friendly, it is clear that they are savvy in their business, clearly answer the questions posed.
The withdrawal process is actually very simple. You press the button several times and voila, the money is already coming to you. The number of assets on the platform is large, the interface is convenient. Advantages: Profitable asset spreads Various bonuses and promotions Affiliate Program Accounts for any level of trader Simplicity and convenience of earning Operational technical support.
Comment: I was withdrawing funds to the card, everything was credited in a few hours I was withdrawing small amounts so far. First impressions are good. The support service works at the highest level, I wrote once, they answered me a minute later and then sent several letters to the post office after that.
Perhaps this is the best service on which I traded. Advantages: Analytics and training Professional technical support Convenient account replenishment and withdrawal of funds Contests and bonuses. Comment: I really like the platform application: it is convenient, with a clear interface, it works fast. I have already withdrawn money twice. There were no problems even with a fairly large sum.
They answered me quickly and helped me with the withdrawal of funds for the very first time. Comment: ActivTrades is a reliable broker no doubt about it. Great trading conditions on tons of assets. The special praise for access to stocks and ETFs. Spreads are on a good level for market execution broker. I, personally, would like wider leverage options, at least on currency pairs. At some point I felt like I needed higher leverage to realize what I designed. Advantages: Profitable asset spreads Various bonuses and promotions Affiliate Program Accounts for any level of trader.
Comment: I've tried a lot of apps, I like this one the most so far. In general, it doesn't matter. I recommend it. Advantages: Low minimum deposits Narrow spreads Swaps can be disabled on some types of accounts Scalping and hedging are allowed A large selection of platforms.
Comment: A good broker for stock trading. There are quite a lot of them, in addition to American and European, there are also Asian ones, which is right very cool! Low spreads on stocks, around pips. You can also choose a shoulder for each type of instrument. Well, they don't really press on commissions, I recommend it.
Advantages: Swaps can be disabled on some types of accounts Scalping and hedging are allowed A large selection of platforms Bonuses and affiliate program. Comment: It is very suitable for a beginner in trading. There is a demo account where you can practice with unreal money. The site has useful videos and an article. Personally, it was useful for me to read it, I began to understand the topic more. Advantages: Reliability of the company Profitable investment company Good conditions for beginners Analytics and training Professional technical support.
Comment: I really like the application from this platform. The interface is intuitive. True, it was buggy a couple of times, but I think there was something wrong with the phone here. The only thing I'm waiting for now is the withdrawal of my money. The first time was withdrawn very quickly, but this time the amount is larger, I'm waiting Advantages: Favorable and comfortable trading conditions Reliable and secure terminal Training and analytics Bonuses and contests Affiliate Program License Simple withdrawal of earnings.
Comment: I also liked the broker, the copy service interested me thoroughly, there are leaders with very good statistics and more than a year of experience, I plan to invest about 1k of greenery here, the amount is small, but not small, I do not feel any distrust of this broker.
Comment: The broker is reliable, for me this factor is decisive, trading conditions are good, with a spread of 0. The office is good, there were no problems. Comment: The broker boasts a large set of trading tools, including hedging and scalping. It is also possible to choose a convenient model for work here, which many other brokers do not offer.
In general, the platform looks reliable and focused primarily on convenience. Advantages: A truly reliable market broker Availability of a brokerage license Favorable conditions for the execution of orders Record narrow spreads on major assets History of ticks on the broker's website A large selection of trading terminals Simple ways to withdraw earnings from the platform Instant automatic withdrawal of profits from the platform.
Only it's not so easy to get into the prize money. I trade with this broker for small amounts, spreads are normal, expansion happens, but I have not met a global one, I trade only in majors, I bypass the exotic. I don't like the broker interface. There is a lot of information on the headlines, those support works during the daytime. Advantages: A large selection of trading terminals Simple ways to withdraw earnings from the platform Instant automatic withdrawal of profits from the platform Round-the-clock feedback in the trader's language Transparent terms of cooperation with the company A convenient trader's calculator.
Comment: When I tried trading, it turned out that everything is faster and easier than others, but this is at the level of sensations. Freezes are not particularly noticed, scalping spreads are good, sometimes there were splits, but not often, besides there is a plus slip. In general, a pleasant smooth trade, there are no complaints about the technical part. Advantages: Available minimum deposit Bonus program Affiliate Program A variety of trading tools Analytics and training.
Comment: For me, the unconditional withdrawal of the traded profit is important. And there have been no problems with this in this company for more than 2 years of trading here. Spreads are pleasing with their small size, there is an opportunity to participate in contests and win real prize money. Disadvantages: No system of bonuses, contests broker regulators' requirement Possible requotes and slips in terminals Lack of a training center.
Comment: Excellent promotions at the open, I will take part in the Black Friday promotion, well, the replenishment has been done for a long time. Trading conditions are acceptable and spreads and execution, so I will continue to trade. Advantages: Ample opportunities for margin trading Free online trading training High-quality market analytics Protection against negative balance Lots of free author tournaments with real money winnings Quick withdrawal of earnings. Comment: An adequate broker for trading conditions, ECN accounts are super, the spread is actually low, it happens in majors almost zero.
It is convenient that there is a balance account in the cabinet and the withdrawal of profits through it, and not directly from the account — you transfer it to the balance and you can immediately continue trading. There were no conflicts. Dear Charlie, Thank you for taking the time to leave a review about Exness.
We are a company that is constantly evolving and your feedback helps us in improving our offerings. We do hope that you will continue using our platforms so that we can deliver the exceptional service you deserve. Advantages: High-quality market analytics Protection against negative balance Lots of free author tournaments with real money winnings Quick withdrawal of earnings. Clearly enough. They are really the best or one of the best in spreads, execution.
Perhaps I would like to withdraw faster, and so within a couple of hours profit on Webmoney. We continue in the same spirit! Advantages: Simplicity of the platform Low parameters of trading levers Available minimum deposit Affiliate Program Demo account Broker reliability. Disadvantages: A complex site where not all information on trading conditions is available. Comment: You can trade: spread, quality of execution, communication does not disappear at important moments.
I always compare spreads on the platform — they are one of the best. Regarding the withdrawal: once before the funds were entered, it was verified and nothing else was ever requested. Output to webmoney within hours. Comment: Low spreads on cryptocurrencies. Withdrawal of funds without hitches, a convenient personal account and a lot of regular contests for traders.
Advantages: A convenient terminal with impressive functionality and a simple interface Fast execution of transactions Simple verification A large number of assets Favorable trading conditions Demo account Profitable affiliate program Quick withdrawal of earnings No slippage and broker commissions.
Comment: I like taking care of the client and working for the future. Since August, the leverage on contracts for difference has been reduced to max x25 leverage! This meets the requirements of the regulator — all so that the trader could not incur large losses. Advantages: Simple verification A large number of assets Favorable trading conditions Demo account Profitable affiliate program. Comment: For several years of trading and investing in various traders, I have not had any big problematic issues, complaints.
All agreements are clearly observed, there is nothing to reproach the broker with. Advantages: Demo account Profitable affiliate program Quick withdrawal of earnings No slippage and broker commissions. Comment: I have advised all my trader friends to work in etoro for a long time.
Most agreed and are trading quite successfully here. People like the possibility of copying other traders and trading cryptocurrencies the most. This is especially easy to do and especially convenient. Advantages: A good selection of contests and bonuses Scalping is allowed Narrow spreads Small minimum deposits Affiliate Program.
Comment: I try to trade reliable instruments which have minimal risks , so I choose only crypto funds in etoro. They are formed from current instruments by the company itself, and these funds are reviewed every month. Their profitability is certainly not cosmic, but the risks of losses are minimal. I choose a bank fund and a cryptocurrency fund.
Comment: A great trader, a global one. There are a lot of traders, I have been following many of them for a long time, according to their statistics, according to their trading. Many traders have been trading for a long time, steadily and profitably. From these I choose for myself to copy.
As a result, a good income with a minimum of time. Comment: I trade in etoro and I see that I have chosen the right broker. That is, in two years I have earned more than percent. In my opinion, it's very good, and this is also considering that I don't trade myself and I don't change and I'm not nervous like managers, for me a broker is a real investment wand. Advantages: Favorable trading conditions High-quality analytics Large selection of assets Low spreads Terminal reliability Affiliate Program Demo account and bonuses Copying transactions Operational technical support.
Comment: A very decent broker. There is everything you need to work — a good choice of trading tools, the ability to copy more successful traders, besides this, and you can communicate with them. A fund for cryptocurrencies has recently appeared. Advantages: Low spreads Terminal reliability Affiliate Program Demo account and bonuses Copying transactions Operational technical support. Comment: The company is of a fairly high level.
This can be said about the technical level of the company and about the staff. There was no moment when I had any questions that would not help me, explain all the incomprehensible points, give advice. I have no difficulties with trading or execution. Advantages: Convenient trading terminal Intuitive website Low entry threshold Low fees. Comment: And I like auto-copying here. I study by rating, using filters, I choose traders.
It's quite a long time, sometimes more than one hour is spent on comparisons in all parameters, I keep tables. But the result! I opened copying, and there they are steering for me, I have already withdrawn profits more than once. Please note that you are able not just to find all the necessary information on brokerage companies on the portal. For example, visitors of TopBrokers. For the most objective picture, the users can leave comments and discuss the already published best comments.
At the same time, you only need to fill in an elementary form to leave Forex brokers reviews and evaluate the intermediary, platform or an expert by several criteria. Primary among these are reliability, professionalism, speed of withdrawal of funds, functionality, system requirements, etc. We would like to emphasize that new Forex brokers reviews appear on our website on a regular basis. Another important advantage of this section is the service of assessment of the opinions utility.
With it, our visitors have the opportunity to select the most relevant and really high quality Forex brokers reviews in We believe that accurate data will help you find the best and really honest broker to conduct the most successful and comfortable trading.
Risk Warning: Your capital is at risk. Invest in capital that is willing to expose such risks. Add review. Sort by: date. FxPro Sealiatt 20 June
IG - Best overall broker, most trusted. Saxo Bank - Best web based trading platform. CMC Markets - Excellent overall, best platform technology.