If you want to become a trader, you need to find the right broker that suits your needs. There are plenty of trading companies out there, but not all of them are both successful and reliable. Based on traders’ reviews, we have come up with a concise list of the best forex broker options to choose from. Take a look at it. The final decision is yours.
The Best Forex Broker Choices in the World
Trade360 offers a totally new approach when it comes to forex trading. They use CrowdTrading, which is a big data source. Then, they share this information will all their traders. This company provides a web-based trading platform as well as a mobile app. You can download the app on both iOS and Android devices. According to some of their clients, this is the best forex broker on the market, being also reliable. CYSEC has authorized it.
The minimum deposit to open a basic account is 100 dollars. They provide three types of memberships: the mini practice account, demo version, and Islamic account. The first bonus will be the welcome one, which consists of 50 dollars. This is available for the mini account, while for the practice membership you will receive up to 60 dollars.
When it comes to the best forex broker on the market, Plus500 is definitely among the most popular and trustworthy company. It is regulated by CYSEC and FCA. If you want to open a new account, you will have to deposit at least 100 dollars. This broker offers low spreads, which gives it a true competitive edge. If you deposit 50,000 dollars, you will become eligible to receive a highly motivational bonus of up to 7,000 dollars.
Even though they offer high-quality services such as an intuitive platform, their customer service has no telephone support for the clients. There aren’t many account types. You can only open a new live membership. All in all, you can rest assured. This company is authorized in several jurisdictions, which makes it totally safe to trade with.
AvaTrade was established in 2006, being a company with a lot of experience years in the trading domain. Their platform is user-friendly, and they offer an intuitive interface. This fact has revolutionized the way traders perceive brokers. AvaTrade has over 200,000 registered clients who initiate more than two million trades every month. The company sticks to its simple approach, offering only two main types of accounts: a practice account created for newbies, and a real membership for more experienced traders.
Those of you who want to open a new live account will have to deposit at least 200 dollars. Once you do this, you will receive a welcome bonus. If you want to contact the company’s representatives, you can use one of the following methods: e-mail address, phone number, and live chat. AvaTrade is regulated throughout the European Union as well as by other countries.
#4. ETX Capital
This trading company was launched in the United Kingdom. It uses the SpotOption software, and the maximum return on investment can reach up to 85 percent. You have to deposit at least 100 dollars to open a new membership, while the minimum trade is only ten dollars. They offer mobile trading services, and their platform is user-friendly and highly responsive. If you are new to the trading world, you can open a practice account to get accustomed with the real platform.
ETX Capital provides fast withdrawals, processed within 24 hours. You will have the money in your account in maximum three working days, depending on how fast your bank processes the payment. More than 51,000 traders use this company to make their transactions. You can choose from four different platforms: ETX binary, ETX trader, TraderPro, and MT4. One might say that ETX is the best forex broker due to all its options and features.
HotForex offers no less than nine different account types: micro, premium, zero, currenex, fixed, VIP, and auto. The minimum deposit is 50 dollars for the basic account type. The highest deposit is that of the VIP membership, which starts at 20,000 dollars. This broker knows how to apply the consumer-responsive strategy, which has helped it gain a lot of popularity among traders worldwide.
You will not have any problems when making deposits or withdrawals. The company supports you with every step of the way. You can use one of the following methods to make a deposit or withdraw money from your account: bank transfer, credit cards, and e-wallets (CashU, Moneybookers, and more). For any requirements, you can contact their help desk department, which is available in more than ten languages.
This broker was established in 2011, and it is authorized by FCA UK. You will be thrilled to find out that the minimum deposit is only five dollars, which is probably one of the lowest in the industry. As a client, you will be able to choose from two different trading platforms: cTrader and MetaTrader 4. Also, the company provides no less than three account types. The basic one is called the Micro account. The premium membership is the Pro account, which requires an initial deposit of 500 dollars. In between them, you will find the ECN account.
OctaFX has plenty of methods when it comes to ways of contacting them. You can choose to use their phone numbers, e-mail address, and live chat. You can even write them a message on WhatsApp. Besides English, their customer service is available in other four languages. When it comes to the best forex broker options, OctaFX is no exception.
A great interesting thing about Oanda is that it doesn’t require a minimum deposit when you want to create a new account. If you want to take fewer risks and make small investments, this broker is a great choice. They will even offer you access to their mobile trading app. Unfortunately, you will not be able to use charting tools or create alerts. According to our research, Oanda is a good option, especially if you want to avoid paying additional fees and commissions.
This is an experienced company, with a good reputation. It was established in 1996, in Canada. The broker has other five subsidiaries in countries such as Japan, Australia, and Singapore. Both deposits and withdrawals can be made using one of the following methods: credit cards, e-wallet, wire transfers, and more.
Founded in 2003, in Cyprus, easyMarkets is regulated by both ASIC and CYSEC. This company is another broker that applies low initial deposits. The minimum amount of money to open an account is 25 dollars. You can choose from three different account types: standard (there is no minimum deposit required), premium (2,000-dollar initial deposit), and VIP (at least 20,000 dollars to open a new account). Besides these three classic types of memberships, easyMarkets also provides an Islamic account type.
When it comes to its customer service department, the company has gained a strong reputation. All memberships will receive the support of a personal account manager. Therefore, even if you choose the basic type, you will still receive support from the company’s representatives. You can trade using one of their platforms. They work with MetaTrader 4, but they have also developed their own platform.
XTrade is a highly trustable broker, regulated by several authorities such as CYSEC, MiFID, and ASIC. The welcome bonus can reach up to 10,000 dollars. Also, you can trade on the go, using their mobile app. It is a reliable and safe company, having an experience of more than ten years in the trading industry. All clients have access to a wide range of assets, options, and trading tools. Even if you don’t want to place a deposit, you can still receive a 20-dollar bonus.
XTrade offers no less than 40 different methods to make a deposit, 100 dollars being the smallest amount you can place in your account to activate it. Even though they offer plenty of classic payment methods such as e-wallets, credit cards, and bank transfer, the company has also decided to provide an additional option. I am talking about domestic payment provider alternatives. According to our research, this company can be considered one of the best forex broker options on the market.
This broker is a reputable one, being regulated by both MiFID and CYSEC. If you want to open a new account, you will have to deposit at least 250 dollars. You will receive a welcome bonus, but only after you have traded a certain amount of money. You will also find a wide array of trading assets like stocks, currencies, indices, and commodities. Future clients will be pleased to know that they offer a demo account. This is especially good for those of you who are beginners in the trading domain.
You can choose from three types of live memberships: silver (minimum deposit of 250 dollars), gold (starting from 5,000-dollar initial deposits), and platinum (you will have to deposit at least 20,000 dollars). Withdrawals will take up to seven working days to be processed. Their customer support is available 24/5.
Bringing It All Together
Trading companies have gained a lot of popularity in the last couple of years. For some of them, this is due to their regulated state as well as their high-level services. Our desire was to help you find the best forex broker to trade with. You can take a look at your list again and see which one of these companies suits your needs and preferences. Don’t settle, select the most reputable one.
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