Find a forex broker

If you want to start your trading experience properly, the very first thing you need to do – after learning the basic rules to participate on the forex broker – is to find a reliable website.

No deposit forex bonuses

Find the Best Forex Brokers with Our Full Reviews, find a forex broker.

Only a reputable and trustworthy platform can give you the necessary options, conveniences and opportunities to increase your profits and to trade with no risk or difficulties. But finding a proper forex platform is not easy at all. There are many things you need to do and in order to help, here is a quick guide with all the steps you must go through:

no dealing desk

Find the best forex brokers with our full reviews

Wondering which the best forex broker today is? Want to read as many forex broker reviews as you can to get updated with the latest additions in the top forex broker list? Have no worries, because our ultimate guide for foreign currency exchange activity goes on. And in this section we are here to provide you with some forex brokers comparison. Showing you the specifications of each forex platform and taking under consideration its pros and cons you can finally make up your mind and register in a new website to continue with your trading experience. The benefits of using us as your personal assistance are numerous. But you have to admit that being offered with the top forex brokers is the biggest one. Instead of reading forex brokers reviews that will not help you with anything, you should better count on us. All of our detailed reviews will be strictly devoted only to forex websites, which really worth it to be visited.

We do not pay attention on scams and only trustworthy and reliable forex platforms are parts of our reviews. So do not worry, if you can come upon a scam. If you follow our tips where to join and where to sign in, you will be soon honored and respected members of only reputable and really beneficial forex brokers. Eventually you will discover the best forex brokers on the market without losing either your time in testing all of the available options, or your money, which you need to invest as deposits every time you make a registration in a particular website. Stay in touch with us, read our forex brokers reviews and you will succeed to join the best platforms ever – without risking your money or your safety, but simply and quickly!

Our recommended forex brokers

How to find the best forex brokers?

If you want to start your trading experience properly, the very first thing you need to do – after learning the basic rules to participate on the forex broker – is to find a reliable website. Only a reputable and trustworthy platform can give you the necessary options, conveniences and opportunities to increase your profits and to trade with no risk or difficulties. But finding a proper forex platform is not easy at all. There are many things you need to do and in order to help, here is a quick guide with all the steps you must go through:

Make an online research – you can do it quickly and easily on your own. When we say research, do not get panicked, because there`s nothing complex or super harsh in it. What you need to start with is to browse the web at first and make a list of all the brokers that appear as results, when you use the search engine and input the necessary keywords like “best forex brokers”, “top forex brokers” and etc. Once you make this list, begin your research of how reliable each of the platforms is.

Read forex brokers reviews – reading the brief, but still detailed and overall reviews, is also a good start, when you are in a search of good forex platform to join. Usually, these reviews provide the most important information about a foreign currency exchange website. Personally we recommend you to read our reviews since we have already picked up the reliable and proper brokers to join. In each review we have several sections with significant facts. The first section – the overview – we present you the key features and specifications about a broker – the spreads, the available payment methods and currency pairs, pips, customer support service and etc. The second section shows you the bonus system any broker provides. The next category provided you with some helpful facts about the platform the websites uses – keep in mind that most of today`s popular and reputable best forex brokers have an additional mobile platform that gives you a chance to bet at any convenient for you time and from any place. Last, but not least, we will put all the benefits (strong points or pros) a forex broker offers.

Personal point of view for best forex brokers – note that different traders look for different features and different platforms to trade on. Thus, a beginner will prefer a website that is easy to be used, while the high punters seek for particular trading options, special offers and etc. Never accept someone`s opinion blindly. Know what you look for and find it in our detailed forex broker reviews.

What are the different types of forex brokers?

When you begin looking for the top forex broker list, you must know the different types of brokers in advance. And since we are here to give you the best support ever, we will quickly get you familiar with them.

No dealing desk

More forex brokers types

What are the criteria for best forex broker?

In general, best forex brokers on the market have similar features that put them in the top forex brokers list. Also, a forex broker comparison will show you that, indeed, the most profitable platforms have the following identical options:

Strong regulation – the good regulation a broker provides gives you confidence to trade calmly, as well as guarantees that your personal data and finances are at safe place. Most of today`s european brokers have double protection – from the national agencies and from EU.

Good reputation – if a broker is well-known across the web as a trustworthy broker, then you can be sure that is ok. If so many customers have voted positively for the platform, then, it must be really beneficial and profitable.

Perfect customer support – look for a broker that provides great and full customer support services. The best forex broker usually has 24/7 customer support and at multiple languages. Also, make sure that most of the communication methods are available, too – live chat, e-mail, online forms and phone calls.

Intuitive trading platform – is you ask us as professionals in the field, the top forex brokers have integrated the metatrader 4 platform, as well as the additional mobile platform. However, there are many other exceptions. Some really good brokers have their own software and in most cases it is also good and easy to be operated with.

Profitable bonus system – the bonus types in a forex broker platform are the main features a customer checks out before signing in, right? Well, this should be so, because, indeed the bonus system in a platform shows its advancing level. Attention – there are many scams and bad brokers that try to attract the audience with super great bonuses. Make sure you will not get into this trap as so many other forex novices!

All our forex brokers reviews

XM group review

Stockcom review

Instaforex review

FBS review

FXTM review

Hotforex review

Swissquote review

Avatrade review

HYCM review

FXCM review

Roinvesting review

Markets.Com review

Ctrade review

XCFD review

Hftrading review

Vantage FX review

Trade next global review

SVSFX review

Plus500 review

Octafx review

Oanda review

Mbtrading review

Ironfx review

Intertrader review

Interactivebrokers review

IG review

FX solutions review

Fxtat review

FXDD review

Freshforex review

Forexmart review

Etoro review

Easy-forex review

Dukascopy review

Caesartrade review

24option review

101investing review

More forex brokers by regulation authority

NFA forex brokers

Bafin forex brokers

CYSEC forex brokers

SIBA forex brokers

CFTC forex brokers

FMA forex brokers

FINRA forex brokers

ASIC forex brokers

FINMA forex brokers

FMRRC forex brokers

BVIFSC forex brokers

CBI forex brokers

IIROC forex brokers

MAS forex brokers

EFSA forex brokers

DFSA forex brokers

FSA forex brokers

HKSFC forex brokers

NAFD forex brokers

IBFC forex brokers

BSP forex brokers

FCA forex brokers

BAPPEBTI forex brokers

Banque de france forex brokers

SEBI forex brokers

FSPR forex brokers

CMBT forex brokers

SCAUAE forex brokers

CBUAE forex brokers

BDL forex brokers

CBK forex brokers

BCU forex brokers

FSB forex brokers

BFSC forex brokers

MFSA forex brokers

CNMV forex brokers

HCMC forex brokers

CMC forex brokers

CNB forex brokers

MTR forex brokers

MNB forex brokers

PFSA forex brokers

CSSF forex brokers

CMVM forex brokers

Danish FSA forex brokers

AFM forex brokers

IFSC forex brokers

CIMA forex brokers

GFSC forex brokers

As a conclusion, we must say you that forex brokers reviews are the most secured resources for finding the best platforms on the market. After all, you as an individual trader will probably have your personal preferences and requirements for a broker. And only if you see them all in the detailed forex broker review, you can actually calmly make a registration in it. So our biggest piece of advice is never to miss reading a brief, but helpful review of a forex broker website before making an account in it. Only such reviews give objective information to take under consideration and make up a final mind. Last, but not least, we wish you luck and patience on your way to find the top forex brokers on the market!

Fxdailyreport.Com

Till about a decade ago, you had to make use of the telephone if you wanted to invest in the financial markets. You had to call up your broker for placing as well as closing orders. Introduction of online trading has, however, simplified every aspect of the investment process. You can carry out trades from the convenience of your home or on-the-go using the platform provided by brokers. Sounds simple, but the problem is there are umpteen number of forex brokers that offer trading platforms out there in the market. And, you need to work with the best forex broker if you want to achieve your financial goals. So, it all boils down to identifying the right broker to work with and it is definitely not an easy task. Read on to find out as to how you can identify the best forex brokers. In this post, various aspects you need to take into consideration when choosing a forex broker are discussed in detail so that the selection process becomes simpler and easier for you.

Top recommended and the best forex 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
min deposit: $100 spread: starting 0 pips leverage: up to 500:1 regulation: FCA UK, ASIC australia, MAS singapore	visit broker
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS	30% forex deposit bonus	visit broker
min deposit: $250 spread: as low as 0.1 pips leverage: up to 400:1 regulation: ASIC australia and FCA UK	visit broker
min deposit: €100 spread: the spread can be as low as 0.01%” (0.01% = spread for EUR/USD) leverage: 1:294 regulation: ASIC, cysec, FCA (UK)	visit broker
min deposit: $100 spread: starting from 0.9 pips leverage: 400:1 regulation: MIFID, FSB & ASIC	visit broker

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Main parameters to be checked for identifying the best forex brokers:

#1: regulations and licenses

It is highly recommended that you choose only forex brokers that are regulated or authorized by leading regulatory bodies such as commodity futures trading commission (CFTC), national futures association (NFA) and financial conduct authority (FCA in UK), among many others. This is because regulated brokers are more reliable than their non-regulated counterparts. Further, your hard earned money remains safe with such brokers for two reasons: they will be appropriately capitalized and they maintain segregated accounts for theirs as well as traders’ funds.

#2: forex trading platform

The online trading platforms that recommended forex brokers provide would not only be simple, but also intuitive and easy to operate or navigate. It, therefore, makes sense to try out a few online forex platforms and see for yourself as to which one has a better user interface and is easily navigable.

#3: customer support services

Customer support is a key aspect that you need to evaluate. Best fx brokers would often be aware of the needs of the traders and provide good, efficient and responsive customer support services. During the course of trading forex on an online broker’s platform, there will be times when you need certain time sensitive clarifications. If the customer support service of the broker you are planning to work with is not good enough, you could end up losing money. It is, therefore, recommended that you evaluate the brokers’ customer support service both by speaking to their representatives on telephone and by communicating with them through email.

Leverage offered for forex trading varies from one broker to another. If the leverage is high, the trader can make more profits. However, the risk of accumulating losses is also equally higher. Therefore, you should choose a broker that offers leverage suiting to your needs and based on your style of trading.

Brokers often try to attract you by offering high capital bonuses when you make your first deposit. This is good because you get more money for trading. You can choose the broker that offers the highest first deposit bonus, but you should make sure other aspects discussed above and those that are discussed below suit your needs.

#6: deposits and withdrawals

It is important that you understand the brokers’ policies related to deposits and withdrawals. The features to be evaluated when choosing top forex brokers are minimum amount to be deposited to start trading, deposit methods offered, currency options provided, minimum withdrawal amount specified and waiting time for withdrawals, among others. Further, it makes sense to go through all other written policies in detail.

Brokers make money by charging a fee for each of the trading transactions that you execute on the forex trading platform provided by them. As far as the broker and you are concerned, the significant source of revenue would be the spread, the difference between ask and bid prices. It pays, therefore, to check as to how the brokers you have shortlisted handle spreads:

Do they offer fixed or variable spreads?
What is the average and maximum spread for the currency pairs that you are planning to trade?
What spreads are offered when the volatility is very high?
Do you have to pay any commission for each trade apart from the spread?

Before buying a car, you always go for a test drive. Similarly, look for forex brokers that offer demo accounts. This helps you to open a practice account. You can try out their platform and find out for yourself as to which of the shortlisted brokers is best suited to your requirements. Most brokers offer practice accounts these days. So, it is easy for you to get a feel of the brokers’ platform before committing to depositing money and trading.

#9: other parameters for identifying the best forex brokers

The forex brokerages that offer very low account minimums can be considered for evaluation under the category “best forex brokers”. This is good because you don’t have to deposit large amounts of money in order to trade forex. Minimum account balance can be as low as $5 in the case of some of the reliable forex brokers.

Online forex brokers often try to snatch business through promotions. Do not fall prey to their sales gimmicks. Best forex brokers would never make unbelievable and unachievable promotional offers. It is true that cash and prizes form part of the game, but they should be reasonable.

Another aspect to look for when evaluating online forex brokers is the educational services offered by them. This helps you to master the art of forex trading. Brokers that provide you with a variety of educational tools for assisting you in assessing the forex market are the best forex brokers to work with.

Why expert traders trade with regulated forex brokers

If you’re looking to become a successful forex trader, then working with a skilled and trustworthy broker is very crucial. In the forex market, the two main types of brokers you’ll get include the regulated and the non-regulated brokers. Obviously, the former typically operates under regulations stipulated by a forex regulator. Regulated forex brokers must also be fully licensed and registered in their country of operation, unlike their non-regulated counterparts.

Role of regulation

Of course, the role of regulation in forex market cannot be underestimated. Regulation ensures that all players in this booming industry are strictly supervised. This way, merchants are protected from the many unscrupulous traders out there looking to swindle them off their hard earned money. Another thing, regulation also builds trust between merchants and their brokers, since most merchants don’t have enough time to monitor every investment.
Let’s take a quick look at some of the leading regulatory agencies:

CFTC and NFA: commodity futures trading commission and national futures association, regulate the financial services sector in united states of america (USA).

Cysec: the cyprus securities and exchange commission is the regulatory watchdog within the cysec domain. It offers services to the EU member states.

FCA: the financial conduct authority regulates the operations of over 56,000 financial services and companies in the UK.

ASIC: the australian securities and investment commission regulate the financial services sector in australia.

FSB: the financial services board is a south african agency which oversees functioning, regulation, and licensing of south african forex brokers.

Bafin: bafin is a financial supervisory authority providing its services to forex companies in germany.

Advantages of regulated forex brokers

With regulated brokers, you’ll always have some peace of mind when carrying out your real-money transactions. To expound more, here are the main reasons why expert traders prefer regulated brokers:

1. Credibility

It’s an open secret that most of us like to deal with trusted organizations, especially when money is involved. That being said, the credibility of any forex broker is greatly enhanced if the company is regulated by the relevant agencies. Remember that all regulated forex brokers are mandated to follow some strict rules put in place by their respective regulatory bodies. Furthermore, their regulatory bodies expect them to regularly present a copy of their audit report. Therefore, if a broker is listed on its regulatory body list, then it’s safe to say that the forex broker has fully complied.

2. Compensation

Getting compensated in case of any unfortunate scenario is arguably the best reason why most expert traders opt for regulated brokers. With most regulated brokers, you can rest assured that all your hard earned money will be refunded in case your brokerage firm goes down. For example, brokers operating under cysec are required to remit their contribution to the ICF (investor compensation fund). This pool of funds is to help settle any form of customer claims in case of any eventuality.

3. Effective customer service

Before choosing a forex broker, it’s always recommended that you settle for one who can effectively and immediately resolve all customer issues. In this case, most regulated brokers are always competent enough when dealing with technical support or account issues. In addition, they are very helpful and kind during the whole account opening process.

4. Quick deposits and withdrawals

Any reputable forex broker will allow their merchants to make deposits and withdrawals without any hassle. A regulated broker should have no reason whatsoever to make your earnings process difficult because they don’t have control over your funds. All they have to do is to facilitate the platform to make it convenient enough for you to trade.

5. Updated trading platform

Most regulated brokers are mandated by their respective regulatory authorities to provide their clients with the latest, powerful, and easy-to-use trading platforms. In fact, most of their platforms will readily provide you with all that you need to begin trading immediately. You’ll get a lot of educational materials including webinars, videos, articles, seminars, and e-courses at no extra charge. It goes without saying that regulated brokers also offer their clients free demo accounts to help them sharpen their skills before going live.

6. Legality

All over the world, governments are struggling to deal with issues concerning money laundering. Some of them have even gone ahead to pass very strict anti-money laundering laws. So to be on the safe side, you should always trade with a regulated broker. Most regulated forex brokers will ask you to provide some of your personal identification documents such as proof of address and photo ID. This might sound tedious to you but it’s always safe to be part of a regulated organization that can prove your money is being used in a legal way.

To sum it up, regulated forex brokers are always the best as well as the safest option to trade with. This is because they are always ahead in terms of legality, security, and safety of your funds. All in all, you can manage your risks better if you opt for a regulated forex broker.

Understanding true ECN vs STP broker

The foreign exchange market, also known as currency market, is a universal decentralized market that provides traders an opportunity to trade currencies. It is a market which incorporates all aspects of buying, selling, and exchanging currencies at the present-day or determined rates.

There are different kinds of forex brokers that you can choose to trade forex with. However, though all the brokers in forex are intended to provide a similar basic solution, the way they operate behind the scenes is different. Different types of brokers have varying techniques of operation, and the specific broker you cooperate with can significantly determine your success rate as a forex trader. Here are some crucial factors that will enable you determine which broker between a true ECN and STP broker is the best one to trade forex with:

Understanding true ECN vs STP broker

True ECN i.E. Electronic communications network brokers operate without their individual dealing desk. These brokers provide an electronic trading platform where professional market makers at monetary organizations such as banks, and other online trading participants including traders can enter bids and offers through their particular systems.

STP i.E. Straight through processing brokers are brokers without a dealing desk also. These brokers apply some of the techniques utilized by market makers to provide their particular clients with trading conditions which are more flexible. By STP brokers hiring some of the tactics of market makers, they are able to bypass the limitations connected to trading exclusively within the interbank market.

General overview of true ECN and STP brokers

Use of scalping techniques

True ECN and STP forex brokers do not care about how much their particular traders make. Therefore, these types of brokers allow traders to utilize scalping techniques to close their respective positions. Note that false ECN and STP brokers cannot allow you to use scalping techniques as a trader since they will be disadvantaged anytime you make small profits.

True ECN and STP brokers are types of forex brokers without a say when it comes to control on spread provided. These brokers have no control on spread offered since it’s the liquidity provider that determines the spread which is to be provided.

Though true ECN and STP brokers can add markups when necessary, they cannot in any way take it further down than the amount provided.

Difference between true ECN and STP brokers

Commission charged

On true ECN accounts, as a trader you will be required to pay a fixed commission to open and close trades. The spreads offered on true ECN accounts are determined by the rates of liquidity providers.

When using STP accounts as a trader, you will not be required to pay any commissions.

Pros of trading forex with a true STP broker

Cannot bankrupt themselves

True ECN brokers cannot trade against their specific clients to bankrupts themselves.

Similar price rates

If you are a forex trader, trading with a true ECN broker means you are guaranteed of price rates that are similar to those of the interbank market.

Negative balance protection

As a trader utilizing the trading account of a true ECN broker, the broker will be accountable for any dues with liquidity providers should your account read negative as a result of any reason beyond their control.

Cons of choosing a true ECN broker

Dealing with a true ECN broker will require you to pay rollover fees and commission at times.

Pros of trading forex with an STP broker

Their rates and the interbank prices are same

They provide their clients low entry capital requirements

Cons of choosing an STP broker

Choosing an STP forex broker means when you enter a trade you’ll not be informed what spread to expect.

Most true ECN and STP brokers are linked to several liquidity providers at the same time period. Despite both true ECN and STP brokers having incredible trading solutions which can meet your needs as a trader, their terms of operation vary. Whether you will choose a true ECN or STP broker, the rule of thumb is always ensuring you minimize losses and maximize profits as much as you can when trading forex. Ensure you compare carefully the terms of service of both a true ECN and STP broker before you choose one to handle your trading needs.

How to find a good forex broker

If you're just starting out as a forex trader or even casually considering the idea of forex trading, working with a broker can be extremely helpful. It also involves some risks. It can be a perplexing task to figure out where to find a forex trading broker or a brokerage that offers forex trading services, and a bit of a challenge to make sure the broker or brokerage is reputable and can meet your needs.

Why a broker is an important decision

Ask yourself what type of company you would call if you should have a trade dispute. The purpose of this question is twofold. First, is it a reputable company that will honestly look into a trade in which you feel that you've been wronged? Second—and arguably more important—are its financials made available to the public and are they regulated?

Both financial transparency and regulation are of paramount importance when it comes to how comfortable you should feel with your broker. As volatility has picked up in the foreign exchange market, we've seen undercapitalized brokers shutting down shop with little warning. This can leave traders in a significant mess. If you understand the financial positioning of your broker, you can understand whether he'll be able to weather the upcoming storms and volatility in FX.

The importance of regulation

Whether a brokerage is regulated will determine who you can turn to if you're dissatisfied with the resolution of a trade dispute. Think of it as a form of insurance. Of course, you hope that you'll never have to use the policy, but you'll sure be happy when it's made available on a rainy day.

Some of the most distressing calls I've received from FX traders are those coming about because an unregulated broker shut down overnight or refused to process withdrawals. The trader had nowhere else to turn when the unregulated broker refused to honor his side of the trade agreement.

Now that you understand the why, it's time to answer another important question: how do you do it? How does a new forex trader or enthusiast go about finding a forex broker?

Demo accounts

When you've found a broker you're interested in working with, open a demo account to try him out.

Forex broker reviews

Look around for forex broker reviews. Be sure to read reviews from multiple sources.

Use google

You can do google searches to find forex brokers, but this method might not tell you much about the brokers themselves. Make sure to read all the reviews and try demo accounts to make sure you're comfortable with a broker before committing a large sum of money to an account.

Forex forums

Visit some forex forums to get input from people who are already trading. there's a wealth of information hiding in forex trading forums. It's one place where you can research both bad and good experiences with different forex brokers.

Find the best forex brokers with our full reviews

Our recommended forex brokers

How to find the best forex brokers?

Make an online research – you can do it quickly and easily on your own. When we say research, do not get panicked, because there`s nothing complex or super harsh in it. What you need to start with is to browse the web at first and make a list of all the brokers that appear as results, when you use the search engine and input the necessary keywords like “best forex brokers”, “top forex brokers” and etc. Once you make this list, begin your research of how reliable each of the platforms is.

Read forex brokers reviews – reading the brief, but still detailed and overall reviews, is also a good start, when you are in a search of good forex platform to join. Usually, these reviews provide the most important information about a foreign currency exchange website. Personally we recommend you to read our reviews since we have already picked up the reliable and proper brokers to join. In each review we have several sections with significant facts. The first section – the overview – we present you the key features and specifications about a broker – the spreads, the available payment methods and currency pairs, pips, customer support service and etc. The second section shows you the bonus system any broker provides. The next category provided you with some helpful facts about the platform the websites uses – keep in mind that most of today`s popular and reputable best forex brokers have an additional mobile platform that gives you a chance to bet at any convenient for you time and from any place. Last, but not least, we will put all the benefits (strong points or pros) a forex broker offers.

Personal point of view for best forex brokers – note that different traders look for different features and different platforms to trade on. Thus, a beginner will prefer a website that is easy to be used, while the high punters seek for particular trading options, special offers and etc. Never accept someone`s opinion blindly. Know what you look for and find it in our detailed forex broker reviews.

What are the different types of forex brokers?

No dealing desk

More forex brokers types

What are the criteria for best forex broker?

Strong regulation – the good regulation a broker provides gives you confidence to trade calmly, as well as guarantees that your personal data and finances are at safe place. Most of today`s european brokers have double protection – from the national agencies and from EU.

Good reputation – if a broker is well-known across the web as a trustworthy broker, then you can be sure that is ok. If so many customers have voted positively for the platform, then, it must be really beneficial and profitable.

Perfect customer support – look for a broker that provides great and full customer support services. The best forex broker usually has 24/7 customer support and at multiple languages. Also, make sure that most of the communication methods are available, too – live chat, e-mail, online forms and phone calls.

Intuitive trading platform – is you ask us as professionals in the field, the top forex brokers have integrated the metatrader 4 platform, as well as the additional mobile platform. However, there are many other exceptions. Some really good brokers have their own software and in most cases it is also good and easy to be operated with.

Profitable bonus system – the bonus types in a forex broker platform are the main features a customer checks out before signing in, right? Well, this should be so, because, indeed the bonus system in a platform shows its advancing level. Attention – there are many scams and bad brokers that try to attract the audience with super great bonuses. Make sure you will not get into this trap as so many other forex novices!

All our forex brokers reviews

XM group review

Stockcom review

Instaforex review

FBS review

FXTM review

Hotforex review

Swissquote review

Avatrade review

HYCM review

FXCM review

Roinvesting review

Markets.Com review

Ctrade review

XCFD review

Hftrading review

Vantage FX review

Trade next global review

SVSFX review

Plus500 review

Octafx review

Oanda review

Mbtrading review

Ironfx review

Intertrader review

Interactivebrokers review

IG review

FX solutions review

Fxtat review

FXDD review

Freshforex review

Forexmart review

Etoro review

Easy-forex review

Dukascopy review

Caesartrade review

24option review

101investing review

More forex brokers by regulation authority

NFA forex brokers

Bafin forex brokers

CYSEC forex brokers

SIBA forex brokers

CFTC forex brokers

FMA forex brokers

FINRA forex brokers

ASIC forex brokers

FINMA forex brokers

FMRRC forex brokers

BVIFSC forex brokers

CBI forex brokers

IIROC forex brokers

MAS forex brokers

EFSA forex brokers

DFSA forex brokers

FSA forex brokers

HKSFC forex brokers

NAFD forex brokers

IBFC forex brokers

BSP forex brokers

FCA forex brokers

BAPPEBTI forex brokers

Banque de france forex brokers

SEBI forex brokers

FSPR forex brokers

CMBT forex brokers

SCAUAE forex brokers

CBUAE forex brokers

BDL forex brokers

CBK forex brokers

BCU forex brokers

FSB forex brokers

BFSC forex brokers

MFSA forex brokers

CNMV forex brokers

HCMC forex brokers

CMC forex brokers

CNB forex brokers

MTR forex brokers

MNB forex brokers

PFSA forex brokers

CSSF forex brokers

CMVM forex brokers

Danish FSA forex brokers

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Top 7 of best US forex brokers for 2021

Top rated:

Are you searching for the best US forex brokers?

Luckily, our team of professional forex broker reviewers can take care of your every need.

Let alone the best forex broker in USA, our team realizes it is tough to find any broker which offers a trustworthy, and still value for money proposition when you want to trade forex in the USA. Forex brokers accepting US clients may be few and far between, but we have combined years of experience to narrow your selection down to the top five brokers.

These five are among the best forex brokers USA has to offer.

In fact, they are some of the best forex brokers for residents of any country. These brokers will ensure you feel safe, secure, and still have the ability to prosper in your trading career. They have been selected as the best US forex brokers for a variety of reasons.

Among these reasons are the amount of trading support they offer you, they wide range of markets and instruments that are available for trading, and the very competitive pricing and fee structure offered by these top forex brokers.

Is forex trading legal in the USA?

As a forex trader in the US, one of the most important questions you may be asking yourself from the outset surrounds the legality of forex trading in the US. Well, we are pleased to tell you that yes, forex trading is legal in the US. In fact, the US has several top financial regulators providing the best protection to you as a trader. These bodies are FINRA, the SEC, CFTC, and NFA with the latter two being the main regulators when it comes to forex trading and trading in derivatives such as futures. Remember also that cfds trading in the US is not permitted.

How to trade forex in the USA

The process of getting started with a forex broker in the US is typically similar to that of any other country. With any top broker you will usually be asked for the following information:

Proof of identity. A passport is typically best for this purpose.

Proof of residence, usually in the form of a bank statement at your current address.

Once these documents are uploaded and verified, a process that takes most forex brokers just a few minutes, you will be free to get started trading forex.

Top 7 forex brokers in the USA listing for 2021

Here’s our list of the best US forex brokers:

1. Forex.Com

When it comes to US forex brokers, forex.Com has to be an immediate consideration for opening your forex trading account in the USA. They are CFTC licensed and NFA regulated (#0339826) and provide a selection of flexible and accessible account types with low spreads starting from 0.2 pips, including their direct market access account. This offers some of the most unbeatable spreads among any of the forex trading brokers USA. They also provide extensive trading options in all of the top forex currency pairs, metals including gold and silver, as well as futures trading. When it comes to forex brokers accepting US clients, forex.Com certainly offers among the most comprehensive range of services to their US-based traders.

The forex.Com minimum deposits starting form $1000 on standard, and commission accounts, and $25,000 on DMA accounts with demo accounts available. There are also a range of other great benefits such as cash rebates and reduced or no fees for active traders.

2. IG markets

With over 40-years in the industry, IG markets is a true pioneer of the industry, and among the most long standing forex brokers accepting US clients. The broker has evolved continually, keeping the requirements of US-based traders as a top priority. These can be traded on MT4, the mainstay trading platform for top US forex brokers and traders from all around the world as well as being both CFTC licensed, and NFA regulated (#0509630). IG markets offers one type of account to all traders and this has a minimum deposit requirement of $250.

Accessibility with IG is also excellent, you can engage with a number of top professional charting packages using your desktop, phone, or other smart device. Beyond the USA, IG markets also featured in our top 10 largest forex brokers australia. This showcases their global appeal to traders. This appeal is further enhanced by a great cost of trading on more than 90 forex pairs with spreads starting at 0.8 pips.

3. Interactive brokers

You will very often find interactive brokers among our lists of top forex brokers. This is also true when it comes to our choice of top US forex brokers. This is thanks to a number of positive aspects which the longstanding broker uses to attract clients around the world. These include an excellent proprietary trading platform which offers some of the most advanced trading tools available on any market, and a widespread list of products which are available at highly competitive rates. These products include currencies, options, metals, and indices within a list which is ever increasing. IB are a FINRA member and regulated by both the CFTC and NFA (#0392970), as well as the SEC (#8-47257).

They have two account types, you can choose the IBKR lite, or IBKR pro both at no minimum deposit though the pro account has a $10 maintenance fee. As mentioned the product range is excellent as is the trading cost with spreads from 0.1 pips on 105 forex pairs. All of these features make IB a top choice particularly for experienced traders.

4. Oanda

Oanda is also making progress toward becoming the best forex broker in the USA. The industry leader is making progressive inroads in the US market, and now offers trading in more than 70 diverse forex currency pairs. This is more than enough for you to trade successfully. Added to this, you can also benefit from the powerful educational and research infrastructure oanda provides. This includes marketpulse, a selection of news, technical analysis, and research resources which are provided by the in-house oanda team. This can combine perfectly with our own online investment guides and educational content. Oanda are also well-regulated by both the CFTC, and NFA (#325821) offering traders two account types.

The standard account type is attractive thanks to the fact it has no minimum deposit, while the premium account requires a $2,000 minimum deposit but has benefits like lower spreads and other costs. An unlimited oanda demo account is also available. The broker also use the much respected MT4 trading platform for trading in all 70 forex pairs and more at a very competitive spread starting from 0 pips. All traders but particularly newer ones, seem to fit well within oanda.

25 best UK forex brokers for 2021

The forexbrokers.Com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Trading forex (currencies) in the united kingdom (UK) is popular among residents. Before any fx broker can accept UK forex and CFD traders as clients, they must become authorised by the financial conduct authority (FCA), which is the financial regulatory body in the UK. The FCA's website is FCA.Org.Uk. We recommend UK residents also follow the FCA on twitter, @thefca.

The FCA was formed out of the financial services act of 2012, effectively replacing its predecessor, the financial services authority (FSA). For a historical breakdown, here's a link to financial conduct authority webpage on wikipedia.

Best UK forex brokers for 2021

To find the best forex brokers in the UK, we created a list of all FCA authorised brokers, then ranked brokers by their trust score. Here is our list of the top UK forex brokers.

IG - best overall broker 2021, most trusted

Saxo bank - best for research, trusted global brand

CMC markets - best web platform, most currency pairs

Interactive brokers - great for professionals and institutions

City index - excellent all-round offering

XTB - best customer service, great trading platform

FOREX.Com - great all-round offering

Etoro - best copy trading platform

Best forex brokers UK comparison

Compare UK authorised forex and cfds brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's forexbrokers.Com trust score.

Forex broker	accepts GB residents	authorised or regulated by the FCA	average spread EUR/USD - standard	minimum initial deposit	trust score	overall	visit site
IG	yes	yes	0.745	£250.00	99	5 stars	visit site
saxo bank	yes	yes	0.800	$10,000.00	99	5 stars	visit site
CMC markets	yes	yes	0.740	$0.00	99	5 stars	visit site
interactive brokers	yes	yes	N/A	$0	94	4.5 stars	visit site
city index	yes	yes	1.100	£50.00	93	4.5 stars	visit site
XTB	yes	yes	0.860	$0.00	92	4.5 stars	visit site
FOREX.Com	yes	yes	1.400	$100.00	93	4.5 stars	visit site
etoro	yes	yes	1.00	$200	91	4 stars	visit site
swissquote	yes	yes	N/A	$1000.00	99	4 stars	N/A
FXCM	yes	yes	1.400	£300	92	4 stars	visit site
avatrade	yes	0.910	$100.00	93	4 stars	visit site
FP markets	yes	1.140	$100 AUD	81	4 stars	visit site
plus500	yes	yes	0.600	€100	98	4 stars	visit site
pepperstone	yes	yes	1.160	$200.00	90	4 stars	visit site
IC markets	yes	0.800	$200	83	4 stars	visit site
tickmill	yes	yes	0.530	$100.00	81	4 stars	visit site
fxpro	yes	yes	1.510	$100.00	89	4 stars	visit site
vantage FX	yes	yes	1.350	$200	79	3.5 stars	N/A
moneta markets	yes	yes	1.300	$200.00	79	3.5 stars	N/A
HYCM	yes	yes	2.00	$100	84	3.5 stars	visit site
eightcap	yes	$100	69	3.5 stars	N/A
VT markets	yes	1.30	$200	79	3.5 stars	N/A
blackbull markets	yes	0.76	$200	70	3.5 stars	N/A
octafx	yes	1.100	$5	59	3.5 stars	N/A
hotforex	yes	yes	1.20	$50	83	4 stars	N/A
easymarkets	yes	0.900	$100.00	81	3.5 stars	N/A

How to verfiy FCA authorisation

To identify if a forex broker is licensed to operate in the united kingdom (UK), the first step is to identify the register number from the disclosure text at the bottom of the broker's UK homepage. For example, here's the key disclosure text from IG's website,

Both IG markets ltd (register number 195355) and IG index ltd (register number 114059) are authorised and regulated by the financial conduct authority."

Next, look up the firm on the FCA website to validate the register number is, in fact, legitimate. Here is the official FCA page for IG markets limited.

Summary

To recap, here are the best UK online forex brokers.

More forex guides

Methodology

For our 2021 forex broker review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex risk disclaimer

"there is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." learn more.

About the author: steven hatzakis steven hatzakis is the global director of research for forexbrokers.Com. Steven previously served as an editor for finance magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading cfds, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading cfds with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how cfds, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The forexbrokers.Com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this website (www.Forexbrokers.Com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with forexbrokers.Com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses forexbrokers.Com or any of its reviews, products, or services. Forexbrokers.Com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

IG - 76% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.

OANDA - cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Plus500uk ltd is authorised and regulated by the financial conduct authority (FRN 509909).

Advertiser disclosure: forexbrokers.Com helps investors across the globe by spending over 1,000 hours each year testing and researching online brokers. How do we make money? Our partners compensate us through paid advertising. While partners may pay to provide offers or be featured, e.G. Exclusive offers, they cannot pay to alter our recommendations, advice, ratings, or any other content throughout the site. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Here is a list of our partners.

Disclaimer: it is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While forexbrokers.Com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by forexbrokers.Com, nor shall it bias our reviews, analysis, and opinions. Please see our general disclaimers for more information.

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Best MT4 forex brokers for Online Trading

The metatrader 4 (MT4) is by far one of the most popular and used trading platforms in the industry. It is used to connect clients of different brokerage firms with top financial markets. It’s a product by metaquotes software corporation designed to allow traders to effectively trade in forex, cfds, and future markets. If you are a newbie trying to make head and tails of the industry, MT4 is definitely the platform to get with. But before you dive in head first, you need someone to hold your hand through the journey – an MT4 forex broker. And with the influx of brokers in the industry, choosing one can be tricky. Below are some tips that will help make the process easier:

Proper regulation

In an industry that requires a lot of trust, regulation is key. Proper regulation will ensure that the broker is capitalized in case of trading losses, keeps your money in safe, secure as well as segregated accounts and sticks to fair dealing practices to make sure your trades are always done at the current market prices. The MT4 forex broker you choose should have a strong regulatory record.

Most countries have taken the initiative of regulating forex trading. However, the fine print of the regulations may vary from country to country. Brokers who operate in different countries need to be registered and licensed. When making your choice, ask the broker which regulator has licensed them, and if possible, request to be provided with the registration number for verification.

Best metatrader 4 forex brokers fully regulated in 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: $100 spread: starting 0 pips leverage: up to 500:1 regulation: FCA UK, ASIC australia, MAS singapore	visit broker
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS	30% forex deposit bonus	visit broker

Data security

When you are opening an account with your broker, you’ll provide lots of personal and financial information. Usually, you’ll be requested to provide copies of your passport, bank account information, utility bills, and credit card number.

Having poor internet security protocols puts your data at risk of theft. It could also disrupt your trading activities and even lead to identity theft. Before committing to any forex broker, ensure they have great internet security. The internet security could include SSL, a 2-factor authentication and a privacy policy.

To ensure that you always get the best rates at the required times, you should choose a broker with exceptional trade execution methods/practices. Essentially, forex brokers can be classified into two: market makers (those dealing desks) and STP brokers (those that pass your directives to interbank markets).

With market makers, any loss you make registers as a loss on their end and vice versa. But this doesn’t mean that they are working against you. The idea is to spread the bid when clients enter as well as exit the trades. They offset the risk of the trade with other trades from their clients and with their current liquidity provider.

On the flip side, STP brokers route all your directives to financial institutions like hedge funds, mutual funds, and banks. They see a good quote in the interbank market and then add some fractional pips as compensation before they route the order to liquidity providers.

Product coverage

Today, you can trade several currencies with a broker. A good broker will grant you access to several capital market areas via one forex account. It’s therefore important to note that broad coverage doesn’t always mean deep coverage. If your goal is to trade a lot more than forex, then the number of products that your broker covers is imperative.

Now that you know how to pick an MT4 forex broker, let’s look at the benefits you stand to gain using the MT4 platform.

Exemplary user experience

The MT4 interface is user-friendly. This enables forex trading newbies to navigate the volatile and complex market with great comfort and ease. Moreover, MT4 has a mobile app which allows access to the platform anytime and anywhere.

MT4 supports lots of languages all over the world. This means that you can use the platform in your native language.

Charts
in addition to its user-friendliness, MT4 provides advanced chart features, which help traders to analyze the technical aspects of their market. Also, you can change the style and color of the charts and use different templates that you like.

Communication
the platform has advanced tools of communication which enable the brokers to communicate with traders in real time. This gets rid of long email threads which can be a pain to follow. It makes trading and collaboration easier and simpler.

As you prepare to venture into the forex trading, be patient and a good communicator. Hopefully, you don’t think it is a get rich quick scheme, but you will undoubtedly enjoy great returns if you do it right.

So, let's see, what we have: the best forex brokers with full reviews. We help you find your place to trade and to get the best out of any bonus offer and promotion! Full list of brokers! At find a forex broker