Top forex brokers 2021

While there can be certain advantages with fixed leverage, flexible leverage allows you to change it accordingly, whether you’re going for low-risk or high-risk trades.

No deposit forex bonuses

Top forex brokers 2021, top forex brokers 2021.

High leverages are great as it allows you to trade several trades at once in your account, but it comes with the risk of losing discipline. It’s easy to overtrade with high leverage because you’re assuming that you can enter all the trades you want with your high leverage. Low leverage, on the other hand, gives you the discipline to enter just a few trades, but you can only enter a certain number of trades. If you choose a broker with flexible leverage, you control the leverage you set for your trades and not your broker. If you want to switch from high leverage to low, you can do that accordingly. Along the way, you’ll learn that leverage is a double-edged sword, which makes it a disadvantage if you choose a broker with fixed leverage because you have no control over that. One of the significant aspects of choosing the best forex brokers 2021 is payment transactions. The last thing you should worry about is how you’re going to get payments to and from your bank, card, or whichever method you most prefer. Unfortunately, some brokers charge a certain percentage or fee with every deposit or withdrawal fee so it’s best to choose those that don’t charge you for these. The right forex broker should encourage you to do transactions without much complications and hassle on your end. The specific reason brokers hold your funds is to facilitate your entire trading experience so there’s no reason to make transactions more complicated than it is – or charge a high amount with every deposit or withdrawal you make. We’ve mentioned above that your broker is supposed to make your trading life easier, not harder, and the same concept applies to the deposit and withdrawal aspect. You should also note that some brokers charge for inactivity fee for your account, so also be wary of those brokers.

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Best Forex Brokers For Trading Currency in 2021

As a forex trader, finding the right broker is the most important aspect of your trading journey. Your broker can make your trading life much easier if you do it right. You can never truly predict the financial market completely, but a broker can help you gain the knowledge and expertise for a successful trading experience. When choosing a broker, you need one that genuinely cares about you and doesn’t just see you as their client or customer. It’s also recommendable to choose a regulated broker, just to be sure. In this article, we’ll be talking about tips for finding the best forex broker in 2021.

1. Your broker should be regulated

There’s a reason why choosing a regulated broker is important – it ensures security and reliability on your end. If you end up going for an unregulated broker, they can easily break the laws and take advantage of you. Unregulated brokers don’t comply with any rules whatsoever and they’ll behave in any manner they please. This is dangerous as if a serious issue arises with your broker, you can’t bring up the legality with an unregulated broker since they aren’t under any laws in the first place. If your money turns up missing or if any financial complications happen against your broker, you can’t sue them since they’re unregulated. While they’re not illegal, choosing unregulated brokers isn’t exactly a wise choice. To ensure both your safety and security, it’s best to go with a regulated broker instead. Before choosing a specific broker, make sure to do your research on whether they’re regulated or not.

Top regulated forex trading brokers for 2021

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker

2. Your broker should have no transaction fees

One of the significant aspects of choosing the best forex brokers 2021 is payment transactions. The last thing you should worry about is how you’re going to get payments to and from your bank, card, or whichever method you most prefer. Unfortunately, some brokers charge a certain percentage or fee with every deposit or withdrawal fee so it’s best to choose those that don’t charge you for these. The right forex broker should encourage you to do transactions without much complications and hassle on your end. The specific reason brokers hold your funds is to facilitate your entire trading experience so there’s no reason to make transactions more complicated than it is – or charge a high amount with every deposit or withdrawal you make. We’ve mentioned above that your broker is supposed to make your trading life easier, not harder, and the same concept applies to the deposit and withdrawal aspect. You should also note that some brokers charge for inactivity fee for your account, so also be wary of those brokers.

3. Your broker should have efficient customer service

Out of all aspects, customer service is the one aspect that determines if your broker genuinely cares about you and your success as a forex trader. Brokers aren’t perfect and they also make mistakes, which is why customer service plays an important role in choosing the right broker. Brokers with a fast response time and efficient customer service will make your life so much easier, especially when responding to your concerns, inquiries, and questions. The competence of forex brokers dealing with your concerns and complaints reflects how efficient they are as your broker. Even if it’s as simple as asking for help with transactions, your broker should make your life easier by responding to your question immediately and with accurate information. There are even brokers that would call you and personally welcome you as their broker, which is an admirable feature if you find a broker like that. It makes you feel welcomed and supported, despite the uncertainty as a forex trader.

4. Your broker should offer flexible leverage

While there can be certain advantages with fixed leverage, flexible leverage allows you to change it accordingly, whether you’re going for low-risk or high-risk trades. High leverages are great as it allows you to trade several trades at once in your account, but it comes with the risk of losing discipline. It’s easy to overtrade with high leverage because you’re assuming that you can enter all the trades you want with your high leverage. Low leverage, on the other hand, gives you the discipline to enter just a few trades, but you can only enter a certain number of trades. If you choose a broker with flexible leverage, you control the leverage you set for your trades and not your broker. If you want to switch from high leverage to low, you can do that accordingly. Along the way, you’ll learn that leverage is a double-edged sword, which makes it a disadvantage if you choose a broker with fixed leverage because you have no control over that.

5. Your broker should offer several instruments

Not all brokers offer the same range of instruments, and this is something you’d want to be particular about if you want to expand your trading experience. Certain brokers are restricted to currencies and cfds, while other brokers offer a wide array of instruments such as futures, cryptocurrencies, indices, and the like. A wide variety of instruments will give you the flexibility you need as a forex trader. As you go along in your journey, you’ll realize that currencies are the least volatile you can trade within the financial market, which makes them perfect for beginners. However, you may want to start trading other instruments and with the right broker, you can do this. If instruments are that important to you, it’s best to choose a broker that gives you that wide range and most importantly, charges low to no commission for each trade. You’d also want to check the spreads as choosing the best forex broker is one with low spreads.

6. Your broker should have smooth execution

A broker with smooth and efficient execution will ensure your success as a forex trader. Under the assumption that you have a stable internet connection and the market operates under normal conditions, the exact price you enter your trades is exactly where it should be – not a moment before or after. This is specifically crucial when you’re a scalper or someone who enter trades with a short-term goal in mind. Scalpers normally enter trades for just a minute or two and then exit their trades as quickly as they entered. When your broker has poor execution of trades, this may lead to losses instead of profits since your entry point is another defining factor in succeeding as a trader. One wrong entry point could lead to a loss instead of gain – and this is what you’ll learn as a forex trader. When you click buy or sell on a specific currency, the point you entered in should be your exact entry point.

7. Your broker should provide accurate materials

As mentioned earlier, the best forex broker should care about your success as a forex trader. Your broker should provide resources and education to help both your technical and fundamental analysis for a more accurate trade. In fact, it’s best if they provide news and current events for your fundamental analysis. These resources and education will help you gain more knowledge and strategies as a trader, which you can apply to your trades. Some brokers will even email you a weekly update on the movement of certain currencies you’re eyeing, whether it’s basic currencies or metals. Providing a wide array of materials is how you ensure your broker not only cares about you, but they want you to succeed. Some brokers will also hold live seminars and platform tutorials for a more effective coaching session on how to make it as a forex trader. A lot of people want to succeed as a trader, but few will have the right knowledge to make it through. Choosing the right broker will make sure that you have the necessary tools and materials to be equipped with the knowledge to succeed.

8. Your broker should have low spreads

For most traders, spreads are the defining factor in choosing a broker. When you choose a forex broker that provides low spreads, this simply means you’ll spend less with trades. Spreads are the determining factor between the given price and bid price so a high spread broker would mean that this will cost you higher with each trade. Low spreads also determine lower volatility so as a beginner, choosing a broker with low spreads is the best option for you so you won’t feel as overwhelming when entering the financial market. Lastly, low spreads set you up with the low-risk trades for a more successful forex trading experience.

In conclusion, I hope this article was able to help you gain insight into the best forex broker to choose in 2021. Being a forex trader isn’t easy, which is why choosing the right broker will make your life a whole lot easier. With the right resources, education, low spreads, and adjustable leverage, you can have a smooth trading experience that will lead you to more profits than losses. It’s a bonus if your broker genuinely cares about your journey as a forex trader. With these tips, hopefully, you’ll choose the best forex broker in 2021.

Best forex brokers 2021

Welcome to the world of foreign exchange trading or forex trading. This world has a lot to offer to those who understand its nitty-gritty. In this article, we have tried to present to you a comprehensive guide on choosing the most suitable forex brokers for your trading needs. We have also covered all the major related concerns around forex brokers such as the role of brokers, regulations, security, a list of top forex brokers, along with fundamentals of forex trading. So, without wasting a moment, let us start!

What is forex trading?

Foreign exchange trading is trading (i.E., buying or selling or exchanging) of one or more currencies instead of other foreign currencies. Forex can be translated into foreign exchange. These exchange currencies are known as currency pairs. The price of these currencies is decided based on the forex market’s exchange rates. The forex market is the biggest financial market that is spread across the world. Reports suggest that, on average, around 6.59 trillion U.S. Dollars in the form of various currencies are traded every 24 hours. The foreign exchange market runs 24 hours a day and is active for five days a week.

In the process of exchanging, buying, or selling of foreign currency, forex brokers prove to be very useful. They are also known as trading brokers, as they place a trade on behalf of the trader.

More on forex broker:

Forex brokers aid in exchanging, buying, or selling of currencies. Using brokers is pretty straight forward. All you need to do is open an account, deposit money in the newly formed accounts, and then, with the help of the broker’s trading platform, purchase, or sell currency as per the platform’s margin.
Regulation: given that forex traders place their trust on forex brokers, the regulation of these brokers, therefore, becomes quite important. Proper regulatory measures are in place to ensure security. In order to steer clear of frauds, two regulatory bodies govern the regulation of forex brokers. They are:

The commodity futures trading commission (CFTC) and

The national futures association (NFA)

These regulatory bodies keep financial activities under check. There are provisions for these authorities to launch lawsuits against those entities who are found guilty of illicit activities. This power assures customers’ safety on all fronts.

When you look for brokers, our advice is to do thorough research to check the credibility of the broker and see if its spreads, functions, and features match your needs. For research matters, the homepage of NFA and reviews such as ours can be quite handy and useful.

Usually, all the reputed forex brokers permit the clients to try a ‘practice account.’ this type of account allows the trader to get a fair idea about how the system works. This way, traders can have a mini first-hand experience on a number of broker trading platforms as they like, before choosing any. Another tip in finding a good broker is to check its 24 hours working feature like its customer service. The foreign exchange market works for 24 hours and 5 days a week, and the most reputable brokers work accordingly.

Which broker is the best for forex?

As we now have a fair idea about what a forex broker is and its purpose, it is time to move on to see which brokers are considered as the best in the market. To come up with a list of best brokers, we test a number of foreign exchange brokers for forex quality as well as CFD trading. Only after that, we suggest any name.

Before you go through the list of best brokers, it is important for you to know that cfds are complex instruments. There is a high innate risk involved with them that can lead you to steep money losses as there is leverage involved. On average, approximately 69 to 78 percent of retail accounts tend to face losses during cfds trading. That is why it is of high importance that you understand thoroughly how cfds work. You should also trade as per your risk capacity as there are steep losses involved.

Best forex brokers

Now it is time to look at the best forex brokers that can offer some fantastic trading advantages over others. So, here they are:

IG – trade with the best broker

IG is a well-regulated forex broker and is considered as one of the best forex brokers. It is trusted worldwide. Since its commencement it has offered its clients with a good variety of:

Versatile tradeable products

Highly useful trading and research tools

Industry’s top educational support

Cutting edge rates

Basically, IG is an all-around forex broker that offers a wholesome trading experience. As per market reports, IG is considered 2021’s best overall forex broker. Another thing that you should be aware of is that approximately 76 percent of retail CFD accounts lose money at IG. For details on commissions, please refer to the official website.

2. Saxo bank:

Saxo bank – trade with global capital market

Saxo bank has a reputation for serving the elite or VIP clients with utmost excellence. The minimum deposit at saxo bank is 10,000 U.S. Dollars, which is equivalent to 500 GBP. The salient features of this broker are:

It offers competitive prices

It backs its features with some well-made research

The customer service of saxo bank is also exceptional

It offers more than 40,000 trading instruments to its clients.

Overall, it is an exceptional platform for forex trading, and you can now see why it is attributed as the best forex broker. But the point to keep in mind is that around 72 percent of retail CFD accounts lose money at saxo bank. For details on commissions, please refer to the official website.

3. CMC markets:

Trade from anywhere anytime with CMC markets

CMC markets is considered to be the best online broker and included among the best forex brokers. The clients at CMC markets get to avail a variety of features as given below:

The clients are offered a great variety of currency pairs

Its offices are regulated in major international financial centers

The traders get to use a good range of financial products

The prices which CMC markets offers are competitive

It offers innovative trading tools and charting for commendable trading experience.

Overall, CMC markets can be considered as the best forex broker. Market reports suggest that it is considered to be the ‘next generation’ forex trading place. For details on commissions, please refer to the official website.

4. Oanda

Oanda – well know forex broker

Oanda is recognized among the most popular forex brokers. It has some unique and multifaceted features that its clients can avail. You can expect the following features from oanda.

No minimum initial deposit

No commission fees for their trading services

Very high execution speed of orders

Advanced charting tools and features

Competitive spreads as low as 1 pip for EUR/USD

Two basic types of trading platforms: metatrader 4 (MT4) and fxtrade webtrader

Oanda is a very popular forex broker that improves its client’s trading experience many folds.

5. Dukascopy

Dukascopy – leading forex broker

Dukascopy is another well-regarded trading broker that offers all the major trading services. Here are some interesting facts to know about dukascopy that may help you in deciding whether you want to use this as your forex broker:

Dukascopy uses the jforex platform suite, which supports this trading broker to offer the industry’s top-notch trading tools to its clients.

In addition, dukascopy supports its clients with excellent market research.

A major drawback of dukascopy is that its customer service is not that great. Also, dukascopy offers narrow tradeable markets. For details on commissions, please refer to the official website.

6. TD ameritrade FX

TD ameritrade FX trading platform

TD ameritrade FX is an exceptional trading platform which only functions within the united states’ borders. This trading broker offers some great functions to its clients:

TD ameritrade FX offers around 80 currency pairs to its traders for foreign exchange trading.

Along the way, it backs its users with a great range of trading tools as well as strong research.

7. City index

Earn more with city index

City index has made its name for offering excellent forex trading services. The clients get a range of useful trading products, multiple asset classes with competitive spreads. Further, clients get:

Excellent platform options

High tech research tools

Dependable customer support

Offers AT pro (desktop-based) and web trader (web-based) along with metatrader 4.

All of these services are offered under the biggest international retail broker- GAIN capital. Please also be aware of the fact that at city index, around 71 percent of the retail accounts lose money.

8. Forex.Com

Forex.Com – trading specialist

Forex.Com is another excellent trading platform that offers cutting edge pricing. It offers its services all over the world. Here, at this platform, you get:

In-depth market research

High tech mobile app for trading

Feature loaded trading platform

Both beginners, as well as expert traders, are welcome here.

Given the forex market has its innate trading risks, so is the case with this platform too. Around 69 percent of the retail CFD accounts lose money in trading.

9. XTB

XTB – best broker for 2021

XTB is known for offering the best customer support. It is a great trading platform that offers:

Multiple asset classes trading

Regulation in various major financial centers

Competitive offering

Excellent customer services

Xstation 5 trading platform

10. FXCM

FXCM is known for offering well-rounded services. Despite offering a narrow range of tradable markets, it serves a number of types of traders. The pricing at FXCM is average. At this platform, you get:

Strong trading tools that serve high volume traders and algorithmic traders amongst other types of traders

Great market research-backed support

Good customer support

What is the best forex broker for beginners?

In the foreign exchange market, many forex brokers cater to different categories of traders. Beginners in the trading market usually need extra support. So we decided to compile a separate list of best forex platforms for traders who have just ventured into the foreign exchange trading world:

1. Plus500

Plus500 – trade cfds and forex with trust

Plus500 is great for novice traders. It is an online broker that is very supportive of its traders and is listed among the best forex brokers. This makes it a very user-friendly trading platform for forex and CFD trading. One can say that all the basic requirements of traders who have just started exploring trading are fulfilled. For experts, plus500 may come across as a limited trading platform.

2. Markets.Com

Markets.Com – enjoy seamless trading

This is another user-friendly platform. It is an online broker with a marketsx trading place. Compared to other trading platforms, markets.Com is a bit expensive and does not have a number of trading features, spreads products, and tools other than the basic ones.

3. Saxo bank

Saxo bank – connect with world

Saxo bank is a great trading platform with competitive pricing, an exceptional range of trading tools, impressive research, and great customer support. In addition to all this, it offers a thorough variety of instruments of more than 40K trading instruments and is considered one of the best forex brokers. The only downside to it is that it charges a minimum deposit of 10,000 U.S dollars. Another thing to notice at this platform is that around 65 percent of the retail CFD accounts lose money on this platform.

4. Etoro

Etoro is great for copy trading and is considered to be one of the best forex brokers. Moreover, it was awarded this year for offering easy to use copy trading services. Traders here at etoro can copy the trades of other users through more than 1900 trading instruments. This wide variety of instruments includes cfds on famous cryptocurrencies. The only point where etoro lacks is pricing.

5. Easymarkets

Easymarkets – unique way of trading

Easymarkets is a unique web-based trading platform and is considered one of the best forex trading platforms. It offers trade protection to its users. It is indeed the best forex broker out there for beginners. It is an expensive trading platform but is very user-friendly. It offers two user-friendly features, namely:

Deal cancellation, and

Freeze rate

On the downside, this trading platform lacks market research tools. It offers just 169 tradable instruments. The mobile app of its platform is also quite average. On the other hand, around 74 percent of the retail CFD accounts lose money. For details on commissions, please refer to the official website.

How much money do you need to trade forex?

The minimum requirement to start foreign exchange trading at any platform varies. Some do not charge anything at all, and some do. The range of the minimum requirement starts from 100 U.S dollars and goes up to 250 U.S dollars. There are, however, some exceptions like saxo bank wherein the minimum funding is 10,000 U.S dollars.

What do brokers do in forex?

Forex platforms’ role is to get orders for buying and selling of currencies and then to execute trade orders accordingly. They function on the OTC (i.E. Over the counter) market. They offer access to all the main currency pairs, such as:

EUR/USD

GBP/USD

USD/JPY

USD/CHF

G10 currencies, along with emerging market currencies.

The rules and regulations in these markets differ from other financial exchanges. The broker market lacks any centralized clearing mechanism, which puts the responsibility of the right execution of the trade at the trader’s shoulders. Therefore, it is important to do thorough research about the broker’s capitalization capability before placing your trust in him or her. It is the trader’s responsibility to choose the right forex broker.

Do you need a broker for forex?

When you depend on online brokers, they continue to earn commissions from your pie regardless of your trade results. This happens because of the difference in the market price, and the actual price goes in their pockets. Their main role is to provide you with easy access to forex trading and profitable spreads. They keep their rights reserved. The results are not their responsibility. So, it can be a good idea to take charge of the entire process in your own hands.

You can gain insights into how the foreign exchange market works without losing money. You can try your hands at various demo accounts that are commonly available at various broker trading platforms.

Therefore, if you are just beginning your trade journey, we would suggest you take adequate time to first grasp the fundamentals of trading. Educate yourself about the various facets of the foreign exchange market (through a demo account) and understand how you can further push your trade portfolio without compromising security and regulations. Once well-comprehended, you will realize that foreign exchange trading is no rocket science! It may look daunting at first as there is so much to learn. But, with patience and persistence, you, by all means, can do foreign exchange trading without having to depend on a broker. Further, the following suggestions can help you kick start your journey smartly and intelligently:

High leverage and potential risk: when it comes to the daily trading volume, the forex markets are the largest. This promises a great deal of liquidity. Further, based on high liquidity, the entry and the exit at a trade position become way too easy. However, the challenge is that the banks, dealers, and online brokers in the market permit high leverage. This enables the traders to hold large positions at little money. Therefore, it goes without saying that the trader needs to understand the risky nature of the forex market. For instance, the leverage of 100:1 is a high ratio. It can swing to either high profits or steep losses. In some cases, the extreme ratios of leverage have ended many dealers with issues around insolvency.

Bird’s eye view of trading requirements: the foreign exchange market works 24 hours a day and for 5 days a week. Every day it starts in sydney, australia, and ends in new york. The main centers of the foreign exchange market are sydney, hong kong, singapore, tokyo, frankfurt, paris, london, and new york. Now, as we all know that trading currencies need a fundamental understanding of the market and its functions as well as indicators. Therefore, a trader or investor is expected to have a bird’s eye view of the entire financial movement, the economies of various countries, the inter-connections, etc, to be able to reap the best trade results.

Forex trading risks: as discussed before, foreign exchange trading has an innate nature of risk. It is complex in nature too. Further, forex brokerage operates at varying degrees in different parts of the world. The regulation between the banks varies, the standardization of various forex instruments differs, and in some places, it is totally unregulated.

The inter-bank market determines and accepts risks. They design a structure around it to come up with an interoperable process that is as safe as possible. The regulation designed in such a fashion aims to protect every participant bank.

Know forex trading risks

Given, the participating banks provide bids and other related offers for various currencies; this mechanism is therefore heavily dependent on the supply and demand rate. Due to large trade flows, influencing the price of any particular currency is difficult. With the help of inter-bank dealings, a sense of transparency is taken care of in the market.

Usually, small retail traders trade with comparatively low-key and almost unregulated forex platforms; there are always chances for them to re-quote rates and sometimes trade against the trader. Regulation on such platforms is highly dependent on which legislation they come under. This decides what type of industry and government regulation they are subject to. The protection measures for every trader vary from country to country.

Ideally, one should do a background check to see whether a broker is regulated in the U.S. Or the U.K. Further, to ensure security, one can check what kind of account protection is offered by the forex broker features in times of crises and other insolvency issues.

The bottom line

We hope our discussion on forex platforms has helped you gain clarity on the subject. As for our final thoughts, we would say that forex trading is great for forex traders with limited money who are seeking day trading in small amounts. On the other hand, those with large sums of money to trade, long term trading can be more beneficial. New forex traders should take their time to gain a good understanding of the market, its fundamentals, and create an overall view of global economics to make well-informed trade decisions.

Forex platforms really help you gain easy access to the trade market and get access to the best spreads. But it is your responsibility to do thorough research to check the credibility of the broker and also to see if its functions, products, spreads, and features match your needs. For research matters, the homepage of NFA and reviews such as ours can be quite handy and useful.

The forex market is very risky in nature. Forex and CFD are complex instruments. There is a high innate risk involved with them that can lead you to steep money losses as there is leverage involved. On average, approximately 69 to 78 percent of retail accounts tend to face losses during cfds trading. That is why it is of high importance that you understand thoroughly how cfds work. You should also trade as per your risk capacity as there are steep losses involved.

1. Can one become rich by trading forex?

The answer to this question is a mixed one. There are people who have become rich through foreign exchange trading, but the majority have not. The simple reason is the risky nature of the forex market. There have been cases where people have made millions and billions through foreign exchange trading, but one must also not forget that similar amounts have also got swept away through steep losses in the forex market. Therefore, making well-informed and calculated risks is very important.

2. How can one start forex trading?

Forex trading is all about awareness and practice. One can start by using a demo account in order to gain a good understanding of the forex market, and its various functions, tools, trading platforms, etc. Learning through case studies, researching about the technicalities about the foreign exchange market is also very useful. Once you feel confident, you can choose a forex platform by researching its credibility. Open an account there, fund it with the minimum deposit requirement, and you are ready to trade!

3. How does one choose an appropriate forex broker?

Choosing the right forex broker is tricky, but is manageable. As the first step, you should look for brokers who are regulated within the legislation of your country. Further, you should check out the reviews about the broker platform to understand how good its trading support, costs, spreads, tools, research capabilities, customer service, and other spreads, features, and products are. Upon screening through your list of best brokers, you can finalize the most suitable and trustworthy forex broker based on your trade requirements.

4. Which forex brokers accept US or non-US clients?

Those forex brokers who have regulatory status in the U.S permit U.S. Based clients and keep their rights reserved. On the other hand, those forex brokers who permit non-U.S clients are usually required to have licenses in countries where they come from.

5. Which currency pairs are popular?

There are seven currency pairs that are really popular in the market. They are also called the ‘majors’. They are as follows:

EUR/USD

GBP/USD

USD/JPY

USD/CHF

NZD/USD

AUD/USD

USD/CAD

Around 85 percent of all trades take place within these seven currency pairs or the ‘majors.’

Top 5 ASIC forex brokers in 2021

Are you looking for reliable forex brokers regulated by ASIC? Search no further – you’ll find the complete list of the top 5 ASIC forex brokers in 2021 in this article.

January 5, 2020 | atoz markets – the forex market is the world’s largest trading market, where nearly $5 trillion traded daily. It is a legitimate trading market where the world’s currencies are traded.

While forex is not a scam in itself, there are many scam forex brokers in the market. Before we show you the top five ASIC forex brokers in 2021, let’s first understand what ASIC is and why you should choose ASIC regulated forex brokers.

What is ASIC?

The australian securities and investments commission (ASIC) is one of the oldest regulators in the market, having started off its journey as the australian securities commission (ASC) in 1989. Over the years, the agency witnessed a host of changes in the way they operate by adding multiple industries under its regulatory oversight and was renamed in 1998 as the australian securities and investments commission.

The ASIC is responsible for overseeing the activities of a wide range of industries ranging from insurance companies, corporate governance, securities and investments, fund management, credit organizations, and other financial services.

ASIC regulated brokers are now considered to be one of the best in the industry due to the advanced regulatory oversight and several reforms that enabled ASIC to become a highly preferred regulatory agency. In its latest avatar, the ASIC is responsible for regulating the australian stock exchange and acts as an independent regulatory organization for all market participants, including brokers as well as investors.

That said, why should you choose ASIC regulated forex brokers?

Why should you trade with ASIC forex brokers?

There are few genuinely strong regulators in the world; the UK’s financial conduct authority is one, the cyprus securities and exchange commission is another, and most would agree that ASIC is also a member of this group. ASIC has already built a reputation for guaranteeing trader security and dealing harshly with bad brokers, but recent reports show that ASIC is planning an even stricter regulatory environment in the coming months. We will talk about what that environment might look like in more detail below, but first, let’s look at the current benefits of trading with an ASIC-regulated broker.

Segregated accounts: like most good regulators, ASIC ensures that all brokers keep client funds segregated from broker operational funds and in tier 1 australian banks.

No leverage limit: there are currently no limits on maximum leverage offered by brokers, though this is likely to change in the next year. While leverage limits can protect traders, especially beginners, it can make scalping strategies more difficult.

Dispute resolution and customer satisfaction: the australian financial complaints authority (AFCA) handles all disputes between traders and brokers and are known for efficiency and fairness. Importantly, brokers are responsible for the cost of the resolution and not the trader – this provides an incentive for brokers to respond quickly and fairly to all customer complaints. Unsurprisingly, ASIC forex brokers are consistently rated very highly for customer satisfaction.

No conflict of interest: ASIC has banned all forex brokers from being a counterparty to their client’s trades, furthermore all brokers are required to offer a fast and efficient platform with no broker interference. It is perhaps as a result of these restrictions that australia hosts many of the world’s best ECN brokers.

How to choose ASIC regulated forex brokers?

All ASIC forex brokers are safe due to the strict regulatory environment in which they operate, and most of them are very strong all-round. But it is essential to look at the detail of each broker to find out what differentiates them from each other. When looking for an ASIC-regulated forex broker, it is important to judge them on the following areas:

Broker type: most brokers are either ECN/STP or market makers, but some can be a combination of both. You will find that many brokers will provide an ECN/STP service on their higher-deposit account types while acting as a market maker for their cent and standard accounts. Many of the best ASIC regulated brokers are ECN/stps.

Trading conditions: this includes what kind of spreads are available, how much leverage is offered, and how many currency pairs are available. These factors will directly impact your profit or loss, so you don’t want any surprises.

Trading platform: metatrader 4 is still the industry standard, but many brokers offer metatrader 5 and/or their proprietary platforms. ECN/STP brokers will often support ctrader as it is built specifically for market execution and only allows for minimal broker interference.

Minimum deposit: this changes by account type for many brokers, with higher minimum deposits often linked to better trading conditions. We will always highlight the minimum deposit available regardless of the account type.

Deposit and withdrawal methods: all brokers accept traditional payment types such as debit/credit cards and bank transfers, many accept online payments through skrill and neteller and some will also accept bitcoin. Always check for deposit and withdrawal fees, a few brokers charge a percentage fee for some withdrawals methods, making large drawdowns very expensive.

Now we know more about the australian financial watchdog, its functions, and benefits. Who, then, are the top 5 ASIC forex brokers in 2021?

Top 5 ASIC forex brokers in 2021

The brokerage firms below are atoz markets’ top picks for the best ASIC regulated forex brokers in 2021. They are:

Pepperstone

Axi

Royal

Vantage FX

Moneta markets

1# pepperstone

Pepperstone is an australian forex broker established in 2010 which has enjoyed a remarkable growth rate since its founding. In less than a decade, it grew its client base to over 57,000, with an average daily transaction size of $12.55 billion.

Tight spreads and fast execution speeds make this broker an excellent choice for scalpers and automated trading solutions. Over 150 assets are available from three trading platforms, regulated by industry heavyweights- ASIC in australia, the FCA in the U.K., and the DFSA in dubai. With numerous global awards, this broker possesses the proper fundamentals to further increase its market share. Pepperstone will achieve this through the noted scale of a fintech company and the agility of a startup.

Pepperstone pros

Leverage available for both forex and cryptocurrency trading

Fast and fully digital account opening

Seamless and free deposit and withdrawal

Excellent customer service

Wide range of educational tools and courses that both experts and beginners

Pepperstone cons

Not currently available to U.S. Traders

No investor protection for clients outside the EU & UK

Open pepperstone live account

2# axi

Founded in 2007, axi (previously known as axitrader) is an award-winning, ASIC regulated forex broker. Axi is a wholly-owned subsidiary of axicorp financial services pty LTD, based in australia. They offer tight spreads, low commissions, good execution, and a range of different markets. Advanced platforms and trading tools add to the overall online trading experience.

Axi has signed a multi-year global sponsorship as the ‘official online trading partner’ of the english premier league club manchester city FC, a move the brand hopes will increase brand awareness for the company’s new name.

Axi pros

Low forex fees and no inactivity fee

No withdrawal and deposit fees

Segregated client funds

Fully digital account opening

Axi cons

Open axi live account

3# royal

Royal is a brokerage company established in 2006 by a team of trading professionals to offer optimal trading conditions, tailored services, and support. This broker has made a name in australia with the ASIC license to offer services using the latest technological advances, and contemporary methods.

Originally, the broker headquarters in lebanon, but due to the rapid spread in the world, the company also established an office in cyprus, while fully complying with applicable regulations.

Royal pro

Fast account opening

Regulated by ASIC and cysec

Negative balance protection applied

Cross border licenses and global coverage

Royal cons

Open royal live account

4# vantage FX

Vantage FX is a leader among australian forex brokers and gives traders the ability to access the forex markets, cryptocurrencies, indices, commodities, and shares cfds.

The company has received consistent recognition as a secure, safe forex broker that provides highly transparent access to the markets.

Vantage FX was founded back in 2009 with the founders consisting of a highly specialized team with experience in technology, forex, and finance. The goal behind vantage FX was to assist clients with pursuing financial goals by providing powerful trading platforms, transparent forex market access, award-winning customer service, and exceptional execution speed.

Vantage FX pros

Strict regulation

Low fees

Super fast account opening

Segregated client funds

Seamless deposit and withdrawal

Vantage FX cons

Open vantage FX live account

5# moneta markets

Launched in 2019, moneta markets is a trade name of vantage international group limited which is authorized and regulated by ASIC as well as the cayman islands monetary authority (CIMA).

The broker offers access to more than 300 tradable instruments including FX currency pairs, stock indices, commodities, and share cfds. This brokerage firm also offers investor protection by holding client funds in segregated accounts with the national australia bank and by offering facilities to help clients avoid negative balance in certain situations.

Moneta markets pros

A regulated forex and CFD broker high leverage ratio of up to 1:500 free demo account user friendly trading platform low trading fees swap-free trading account is available

Moneta markets cons

Open moneta markets live account

Key takeaway

Now that we understand that the ASIC is an important global regulatory agency that gives out licenses and protects the forex traders, you can go ahead and select one of these recommended top 5 ASIC forex brokers in 2021 and start trading safely because they protect your interests on the highest level.

However, what can you do in case of a complaint against ASIC regulated forex brokers?

ASIC entertains complaints clients of regulated forex brokers through the various federal agencies and also encourages companies to resolve issues at the broker level. In case the investor is unable to obtain a favorable response, he/she can also approach the financial ombudsman service or contact a higher authority such as the court for resolution of the matter.

Nevertheless, australian forex brokers are highly proactive in their approach and usually, resolve customer issues by working with their clients on finding a good resolution. The ASIC guidelines have indeed helped in achieving low levels of scams, which help traders to enjoy absolute peace of mind while dealing with ASIC regulated FX brokers.

Think we missed something? Let us know in the comment section below.

Best forex brokers 2021

Forex is one of the most liquid financial markets that attract more investors year by year. By 2019, the total daily turnover is equivalent to $5 trillion, having grown from $1 trillion twenty years ago. This knowledge makes it one of the most liquid and attractive financial markets with 24/7 availability. For successful forex trading, a trader needs to choose a “service provider”, namely a brokerage company. This choice should be approached thoughtfully and thoroughly. The correctness of this choice in the future will depend on your financial success. During this year we have written many articles in which we paid attention to the specifics of the work of brokerage companies. We worked for this score for a long time and now we would like to bring it to your attention.

Easy to start system

Very solid and welcome customer support service

Many deposit methods are available

High leverage

Offers zero spread account

Inactivity fee

Fees on some withdrawal methods

No bonus offers are available

High withdrawal fee for bank transfers

Comprehensive social trading network and products

No commissions

Fee-free deposits

Negative balance protection

Wide range of currency pairs

Cysec (cyprus)

ASIC (australia)

FCA (united kingdom)

Bafin (germany)

CNMV (spain)

ACPR (france)

AFM (netherlands)

Leverage up to 1:888

No commissions

No fees on deposits and withdrawals

Negative balance protection

Wide range of accounts

Inactivity fee

Doesn’t offer services to residents in the USA, canada, israel, and iran

FCA (UK)

ASIC (australia)

FSB (south africa)

FINMA (switzerland)

DFSA (united arab emirates)

MAS (singapore)

JFSA (japan)

Stop-loss system

Well-designed platform

Over hundreds of markets to trade

Retail clients are not allowed to trade on interbank

Support & sales teams are willing to force you to fund an account immediately

There are various fees are present

FSCA (south africa)

FCA (UK)

ASIC (australia)

JFSA (japan)

BVIFSC (british virgin islands)

Over five certificates from the solid regulators

Multi-languages support (15), the user interface is available on 20+ languages

Social trading features

The US investors are not allowed

No NFA’s certificate

Various fees system

There are not enough trading features

Lack of deposit methods

NFA (US)

FCA (UK)

ASIC (australia)

FSA (japan)

IIROC (canada)

CIMA (cayman islands)

SFC (hong kong)

MAS (singapore)

The US-based regulation

8 regulators’ certificates

Very solid app and PC interfaces

Great variety of currency pairs

Lack of deposit methods

Little leverage

High fees

The limited list of products

High level of the minimum deposit

Low level of the leverage

Withdrawing from PAMM before the period comes will charge additional fees

FSA (denmark))

FCA (UK)

FINMA (switzerland)

ASIC (australia)

DFSA (united arab emirates)

MAS (singapore)

SFC (hong kong)

JFSA (japan)

8 regulators’ certificates

High level of the max leverage

Huge amount of currency pairs

Min. Deposit over $500

Specific trading platform

Inactivity fee, high forex and other fees

FCA (UK)

KNF (poland)

IFSC (belize)

CNMV (spain)

ACPR (france)

Bafin (germany)

High leverage

Relatively fast deposit and withdrawal

Good user interface

FCA (UK)

ASIC (australia)

IIROC (canada)

FMA (new zealand)

MAS (singapore)

High leverage

No minimum deposit requirements

Popular among traders broker

Huge amount of currency pairs (over 300)

20+ years online

Low level of min. Deposit

Exclusive features in charting

The most common option in choosing forex broker

Every brokerage company has some criteria and average features to be compared. Let’s take a look at the main of them:

Affordability. Each brokerage company sets its minimum deposit threshold value for funding. Typically, this amount starts at $100. Novice traders must make a balanced decision for themselves on how much they can afford to lose. At the same time, you should pay attention to whether the broker fits for you, or whether you should choose another one that is more suitable, but with a higher minimum level of the first deposit.

Deposits and withdrawing. This option is no less important than the previous one. You, as a trader, should easily manage your funds and, if necessary, withdraw them quickly and without high commissions. The broker’s money returning duty determines its decency and reliability.

Market coverage. You have to check the availability of trading needed currency pairs.

Trading terms and trading fees. This option is very important because the appetites of forex brokers can vary dozens of times. Before you get started, you should calm down and calculate how much you’ll give to the brokerage company from the moment you start trading until withdrawing your money in a way that is convenient for you.

Trading platforms. There are many of them. They’re a sword and shield of yours. Depends on features that you allow to customize and working speed you’ll be able to experience which one suits you the best. Personal presets are a huge part of your trading success.

Mobile app. A lot of people prefer fully-automated trading robots. Their performance can be checked without a PC. It’s an important option that allows you not to work on a PC and be mobile.

Customer support. It’s a very important option, especially for beginners, but it’s hard to check it without directly contacting the support.

Reputation. It’s an important part because trading is all about trust. If you see people angry at the company, so, you can entrust your funds and feel that your money is in safety.

Regulation. Before getting started, you have to check how the brokerage company works with your country’s laws. A lot of them have got some restrictions. If you skip this step, you’ll probably be able to fund the account, but you’ll have a huge problem with withdrawing.

The base of knowledge. The solid brokerage company provides a lot of courses, as well as, literature and material to let you get a smoother start in forex trading.

User interface. Everything should be simple and predictable in order to help you to make quicker decisions and be a better trader.

Picking the best forex brokerage company: completed guide

Let’s describe more detailed some of the most important brokerage company’s features.

Market regulators

Here we go “regulation”. In our opinion, this is the most important and fundamental option in the broker’s work, directly related to how much investors will trust it with their money. Regulators are interested in the stability of the forex market and the transparency of financial transactions. Due to the huge volume of assets (more than $5 trillion), there is always a risk that drug dealers, arms dealers, corrupt officials, and other dishonest people and organizations want to use forex as a laundry machine for their capital.

We would like to note that there are several regulatory organizations. As a rule, the more solid and successful the broker, the longer it operates on the market and the more capital traders manage through it, the more organizations assign it an appropriate level of security and transparency.

The list of the most influential regulators look like:

NFA (the national futures association) in the united states;

ASIC (australian securities and investments commission) in australia;

Cysec (cyprus securities and exchange commission) in europe;

FCA (financial conduct authority) in the united kingdom.

There are other regulators, such as those based on offshore islands. We believe that companies that have received certificates in offshore jurisdictions cannot be as reliable as brokers who received them from our listed regulatory authorities.

Types of the provided accounts

There are few types of account brokers can offer.

The first type is a live account. You fund it and trade for real money. Everything you do on the account becomes your gain or loss.

The second type is a demo account.

Most demo accounts are designed to let new traders try the service, see how a brokerage company works and can test the application of various strategies before investing in real money in trading.

Platform for trading

Choosing a trading platform you’re most comfortable working with is no less important than choosing a broker. The main thing for the trader is not only that the platform lets you easily manage every day’s duties, but also the broker supports the work with this platform.

Ctrader and metatrader are the most popular across the traders’ platforms. Metatrader provides two versions of it: metatrader 4 and metatrader 5. These platforms are quite complicated for beginners. Ctrader is a wise simpler one and fits for every skill of traders from professional ones to brand new investors.

You should also pay attention to how convenient and fast the android or IOS based applications. It can be either a proprietary application from a broker or a metatrader one.

Forex broker types

There exist several types of brokers: market maker brokerage companies and direct market access ones. DMA brokers separated into two types ECN and ECN/STP.

Electronic communication network (ECN) brokers allow you to trade only between other traders. So if no liquidity is on the market, your trades will get slippage, and you get a requote. ECN system removes the base of the potential conflict of interests between a trader and brokerage company.

Using ECN allows you to trade throw large financial institutions or global banks. The traders got access to the interbank market directly to see a clear picture of what’s happening in markets.

ECN/STP. Straight through processing is the technology used by ECN brokers for placing trades on the market. FIX (financial information exchange) protocol uses to place orders to the counterparty.

The FIX protocol is needed to decrease the needed time for performing trades, reduces slippage and make sure that traders get the best possible price. Some of these brokers can prevent requoting and reduce slippage.

Depending on trades and trader account the system decides what performing method is the best for the customer.

STP is applied when there’s enough liquidity to a particular trade. If there’s a lack of it, ECN takes liquidity from the inner network.

ECN/STP combination allows traders to perform their deals faster.

Market makers (dealing desks). It’s a type of brokerage companies where the company becomes a market maker the brokerage company always provides needed liquidity but, as well as, always trade against its customers that can be a reason for a conflict of interests.

Conditions for trading

Leverage is necessary so that traders with small capital can benefit from trading. This capital gives loans to a liquidity provider through a forex broker directly to a trader to expand trading volumes. The trader himself or herself is fully responsible for these funds and their return. Leverage is usually displayed in a ratio format, for example, 100:1, which means that one unit of trader’s money for one hundred borrowed units. This also means that trading volume will increase one hundred times. Using large leverage significantly increases the risk of trading. In turn, many regulators can limit the maximum allowable leverage that a broker can offer its clients.

Spreads are measured in pips and show the difference between buying and selling one currency to another in a currency pair. This is a kind of brokerage commission for access to the market. You can also get a lot of very important information from the spreads.

For example, the closer the buy and sell prices are, the more profitable it’s for a trader to work with this broker for these currency pairs. That’s why, often, traders choose different brokers for different currency pairs.

Trading assets

The better than the average broker has got over 40-50 forex pairs to trade.

The hedging option is designed to have insurance in case of adverse market conditions. One of the most common strategies is direct hedging. Brokers themselves do not always support this option for their clients.

Scalping strategy

The scalping strategy allows the trader to profit from quick, usually associated with news, price changes. This strategy is designed to make a profit in a short period of time until the market calms down. Traders applying this strategy usually trade during the day and close all their deals in the evening.

Frequently asked questions

What should I do the first looking for the forex brokerage company?

First of all, you have to take a look at the amount and availability of demo accounts. The new investor has to know what’s going on in the market, how to customize metatrader or one of the other platforms. It takes some time before you get ready to fund the first real account of yours. Usually, demo accounts expire quickly, so you’ll be able to renew it (them) to practice more. During this period you have to read some books about trading strategy and you should pick one that fits you the best. As well as, books there are infinity video courses and various webinars from educational to “the next week trading goals” ones.

How do I know the brokerage company is good for me?

So… it’s the complicated question to answer to. First of all, if you’re a beginner, check the availability of demo accounts. The second one is the fees. It’s very important to know exactly from the start how much money you’ll have to pay from each, as an example, $1000 profit from the moment of having this amount of money on the account for withdrawing it by the payment system that fits you the best. The third one, check the broker’s certificate. You’d better start working with the forex broker that has got a certificate provided by the regulator from your area, where your country from in order to not mess up with financial regulators, as well as, the texas department.

These three are must follow criteria.

How often a brokerage company trades against me?

It’s the wrong question. The broker will be trading against you only if you’re willing it choosing a brokerage company with market maker type. If you’re not okay with that, ask the broker’s support to know what kind of the brokerage company they really are.

Where is a broker’s profit?

How we told before market makers get money trading against you. If we talk about all trading companies in general, all brokerage company makes money from the difference between buying and selling prices, as well as, for charging fees and commissions.

May I deposit my account by bitcoin?

Brokerage companies are interested in providing various payment methods for their customers. Usually, bitcoins are acceptable, but other cryptocurrencies are not. Don’t forget most of the brokerage companies allow withdraw only by the payment method you fund the account for avoiding money laundering.

Top 5 FCA regulated forex trader brokers in 2021

The financial conduct authority (FCA) is a regulated body that governs the financial markets and firms in the UK. This was earlier known as the financial services authority (FSA).

Its main function is to regulate the firms bestowing financial services. It is a non-governmental agency that provides licenses for brokerage firms in the UK. An FCA regulated firm is important to select. An FCA regulated forex broker can help clients succeed in forex trading.

These brokers provide demo accounts for users to trade. This gives a better understanding of the working of a financial service firm. They allow users to use virtual money for such accounts. So, after knowing about the firm, one can invest their own money into trading.

Pepperstone

Pepperstone is a subsidiary group owned by pepperstone group limited. This is an australian company that was founded in the year 2010. Within a short span, pepperstone has grown into a leading forex trading broker. It came into the UK during the year 2016. Since then, it is offering financial services with local access for the clients. The other places where pepperstone takes stand-in services include melbourne, london, dallas, and bangkok.

The best part about choosing pepperstone is that it is a multiplied and regulated broker service. Pepperstone group limited is a well-established company that offers a varied range of trading platforms. They also have a demo account that is available for trial. After 30 days of use, you can start trading. It is an organization with strong global expansion in australia, african regions, MENA, asia, and european competitive trading conditions. This is an exclusive service for forex trading and CFD. The customer service is available during the working hours in every country.

Plus 500

Plus 500 is in the forex trader brokerage service for over a decade. They have strived all these years to provide the best services from around the world. This is a financial service firm that is popular in the UK, cyprus, and australia. There are over three hundred thousand customers from around the world because of their streamlined trading services. They are well-known for speed, security, and usability. It is also a user-friendly platform that provides access across multiple devices or operating systems. Their chart indicators are strong. The organization aims to offer stop-loss orders throughout. Apart from being excellent forex trader brokers, they also have over 2000 products for CFD.

A major drawback with plus 500 is that there is no customer support through the phone. Along with that, they also lack in giving trader education to the clients. However, their regulation is extremely strong as it is from different countries.

FXCM is a company that was started in the year 1999, and it is based in the UK. They have branches in countries like australia, south africa, and france. Their expertise is in forex trading, CFD, cryptocurrency, and treasury bonds. The various choices in trading platforms keep them popular. Moreover, they offer free trading tools to clients, making way for a flexible environment. This makes FXCM reliable and affordable. They also have a low minimum deposit amount that keeps trading safe for the clients. This is a regulated forex trader broker firm too. However, they do not accept clients from the US as the license to US regulatory is lost. Their product portfolio is not up to the mark too. One good advantage of FXCM is that they have understandable and educational content.

Octafx

Octafx is the subsidiary of octa markets. This was founded in the year 2011. It is an award-winning financial service firm. They have a wide-ranging trade account for both beginner and advanced level traders. It has also grown drastically in a short period. Today they operate trade with over 2 million clients from around the world. Their expertise is offering opportunities to retail traders in more than 100 countries. This deals with currencies, cryptocurrencies, stocks, precious metals, commodities, etc.

The limited withdrawal option makes it difficult for the clients. However, it provides bonus promotions and access to copy trading, which is an advantage. Clients can make use of the various research tools that are available too. The main focus is given for forex trading while commodity markets are limited. The leverage provided for forex trading is 1:500, which is a plus point. Trading options are available on desktop, mobile, MT4, MT5, web, and ctrader. Clients don’t face any issues regarding payments as it processes very quickly. Moreover, they provide customer services in several languages 24/7. Octafx is also popular among people for its social and charitable works.

Exness

Exness is a group that provides commission-free trading since 2008. It is also licensed by the FCA and many other financial authorities from around the world. There are over 100,000 active traders under this group. They offer 24/7 customer support in two languages. This is english and chinese. The forex trading pairs from the exness group are highly commendable. Clients can use the demo accounts for trading beforehand. They also provide islamic swap-free accounts. The trading accounts can be in raw spread, pro, and zero. The leverage for MT4 is 1:2000, and unlimited leverage is provided for MT5. All standard accounts are available without any commissions. This is a reliable and good option for forex traders.

The drawback in exness is that they do not have an offshore regulation. Also, not all stocks from the US will be available. There are plenty of advantages that keep the fifty million trading accounts active. They deal with trades in forex, CFD, indices, stocks, metals, energies, and cryptocurrency.

Conclusion

FCA helps maintain the integrity in forex trading. It basically provides safety to the traders. And FCA regulated forex brokers can easily be trusted, unlike other forex brokers. If you are new to forex trading, it is the safest way to get started through FCA regulated brokers.

So, let's see, what we have: fxdailyreport.Com as a forex trader, finding the right broker is the most important aspect of your trading journey. Your broker can make your trading life much easier if you do it right. You at top forex brokers 2021