It is easy to find out which are the best and safest trading companies in the world. All you have to do is to go online and search for forex broker reviews. To save you from the trouble, we have come up with a concise list of the best brokers out there. Discover more about these firms and choose the one that best suits your needs and preferences.
Top 7 Best Forex Broker Reviews – A Short Comparison
Avatrade was launched in 2006, and its headquarters are located in Dublin, Ireland. Their services are available in more than 150 countries. It is a safe and secure trading company, being regulated in the European Union as well as in other countries such as Japan, Australia, and South Africa. It is true, however, that they don’t accept traders from the United States and Quebec. All the other Canada regions are eligible to trade with this firm.
Avatrade offers plenty of features and options. All clients are required to deposit at least 100 dollars to start trading assets. The company provides a wide range of educational tools, specially created for beginners. Their customer service is available in more than 12 different languages. Bottom line, Avatrade is a popular and legit company, having an activity of more than ten years in this industry.
This trading company is owned by a Cypriot investment firm, and CYSEC authorized it. It is one of the most popular brokers in the world, which has gained a lot of clients and visibility soon after its launch. Their services are available in more than 12 different languages. Market.com provides three account types: classic, standard, and premium. The minimum deposit for the basic account type is 100 dollars.
If you can afford a premium account, you will be required to deposit at least 20,000 dollars. Their help desk department is one of the best, offering top-notch services. This broker has plenty of trading tools as well as assets and offers motivational bonuses that can reach up to 2,000 dollars. According to many forex broker reviews, it is quite affordable to trade with this company.
Plus500 is located in the United Kingdom, and it is authorized by FCA (British Financial Conduct Authority). Even though this company offers its services in many countries around the globe, it is not available in the United States. This broker provides two types of accounts, a live membership, and a demo account. They are all about keeping it simple and easy. Plus500 offers generous bonuses that can reach up to 7,000 dollars each.
The minimum deposit to start an account is 300 units, and you can pay this sum using plenty of methods such as credit cards, Moneybookers, bank transfer, and more. You will have to wait five working days before the money gets into your account. If you can afford it and you like taking higher risks, you can place the maximum deposit which is 100,000 units. When it comes to customer support, the company offers chat, e-mail, and fax. Their help desk is available 24/7.
Even though eToro is a new company on the trading market, it has gained a lot of popularity. This broker has more than 5,000,000 members in more than 140 countries all around the globe. The main focus of this broker is to entertain its customers while educating them about their trading platform. The minimum deposit is 200 dollars. You can place this amount using one of the following methods: credit cards, e-wallets, bank transfer, and more.
As a client, you can either open a demo account or a standard membership. eToro has one of the most innovative platforms in the world. it provides a wide range of features and tools. Also, the mobile app is very useful and highly responsive. Besides all their tutorials and training guides, this company offers a well-organized customer support. eToro wants to differentiate itself from its competitors, by giving a unique experience to its clients.
This company has amazed a lot of people with their new innovative trading capabilities. This broker was founded in 2013, and CYSEC authorized it. An interesting and strong competitive advantage is this firm’s minimum deposit, which is only 25 dollars. You can choose to open a practice account, or you can opt for the real standard membership. Either way, you will gain access to plenty of educational resources.
Even though they don’t offer a live chat support, Trade360 has a free eBook guide for every new trader. Their helpdesk also provides an e-mail and a phone number. As their client, you will receive regular market analysis. The company is present all over the world, but it doesn’t allow clients from the United States. This broker focuses on simplicity. When you create an account, you will not need to make any downloads whatsoever. As you will see, if you search for forex broker reviews, this company is truly one of the best.
ForexTime is certified by CYSEC, and its minimum initial deposit is only five dollars. This trading company was launched in 2013, and it is one of the most popular brokers in the world. Their clients really like the fact that ForexTime has fast withdrawal processes. Its management team has more than 30 years of experience in the trading industry. They offer one account type for each of their trading platforms.
Potential clients will be pleased to know that this broker’s customer support is available in more than 25 different languages. You can contact them via e-mail or by phone. ForexTime offers valuable insights and educational tools such as free webinars for all beginner traders. Due to all its benefits, high-quality services, and perks, this company has won prestigious awards. Also, a lot of their clients have given them favorable testimonials.
Porter Finance was founded in 2014, and even though they are not regulated yet, the firm has a real success on the trading market. This is all due to its top-notch tools and great customer-oriented services. If you want to open a new account, the initial deposit is 250 dollars. Immediately after you create a new membership, you will gain access to more than 200 trading assets. Unlike other brokers, Porter Finance accepts US traders.
There are plenty of account types to choose from. The company offers the following memberships: basic, standard, silver, gold, platinum, and VIP. The most exclusive one is the premium account, the VIP one. To create it you will be required to place at least 50,000 dollars into your account. Many forex broker reviews present only five account types, but on their website, you will also find the diamond, the royal, and the corporate accounts.
Putting It All Together
As you can see, there are plenty of trading companies to choose from when you want to start your activity on the Forex market. Make sure to consult forex broker reviews before you opt for a certain firm. We wanted to help you save some time. This is why we have presented the best trading organizations in the world. They are popular due to their many useful features and trading options. Even though this is an industry in which you have to take some risks, it is better to be properly informed before starting your Forex journey.