All traders want to become a member of a safe and secure trading company. Top FX brokers don’t hide their activities and their operations’ details. If you want to find the right firm for your needs, you must know how to search and what to look for. You can even say that you must go through a filtering process if you like. As long as you listen to our recommendations, your trades will be totally safe. Let’s see which are the best and most reliable FX brokers in the world.
The Best and Safest FX Brokers You Should Consider
1. Boss Capital
Boss Capital is a well-known trading company, located in London, United Kingdom. It is one of the most trustable and reliable platforms. It provides plenty of contact options and trading features. The company was launched in 2014, and even though it is not regulated yet, it is a reputable broker. You can reach this company’s professionals in a quick and easy way, using their contact information. If you want to open a new account, you are required to place an initial deposit of 200 dollars.
The minimum investment is, however, only ten dollars. Although their educational center could be better, Boss Capital offers excellent return on investments and more than 200 tradable assets. If you want to skip the demo account version and open directly a live account, you have five options to choose from: standard (200-dollar minimum deposit), bronze account (1,000-dollar initial deposit), silver membership (4,000-dollars minimum deposit), gold account (5,000-dollars deposit), and VIP membership. The last one is the premium account, and you must place at least 100,000 dollars to open it.
We have included this trading company among our best FX brokers list because it provides some of the most detailed and practical educational tools such as eBooks, strategies, tutorials, videos, and live webinars. Their platform has won multiple awards for being effective and intuitive. Its technology is highly reliable, and the company is regulated by CYSEC. You will be pleasantly surprised to discover how well-organized, and stylish their website looks.
This company was established in 2010, so it has plenty of years of experience. The initial deposit requested is 250 dollars, while the minimum investment is only 24 dollars. 24Option has received a lot of positive reviews and high-positioned ratings. You can even trade while you are driving because the firm has developed its own mobile app. There are five account types you can choose from. The basic one is called the Standard membership, and it requires a minimum deposit of 250 dollars. The premium account is Diamond, and you have to contact your account manager to discuss the initial deposit.
TradeRush was founded in 2011, and even though it is not regulated yet, it remains one of the most trustable brokers on the market. The minimum deposit is 200 dollars, and every new client has the possibility to open a demo account. This membership is useful especially for those of you who are beginners in the trading industry. US traders are not accepted. All their clients have access to 125 tradable assets. This company has an excellent reputation, offering great trading tools and amazing options.
Their platform is totally web-based so you will not need to download any software. It supports plenty of expiry options, ranging between 60 seconds and six months. Some users have complained about their withdrawal process. This is why you should gather as much information as possible before taking a decision. Also, you can contact their representatives and ask for more details regarding their activity. It is a good way to see whether they are honest with the public or not.
It is not a coincidence that this trading company was included among our top FX brokers recommendations. Porter Finance is a leading firm in the trading industry. Even though its activity started in 2014, it has gained a lot of popularity soon after its launch. This broker develops its activity under the British law. The minimum deposit required by the company is 250 dollars. You can also open a demo account if you are new to this and you want to gain access to a valuable educational tool.
Unlike other brokers, Porter Finance accepts US traders, which is an important competitive advantage. The low-cost accounts are Basic and Standard memberships. For the first one, you need to place at least 500 dollars into your account, while for the second one the initial deposit is 1,000 dollars. The premium accounts are the following ones: Silver (2,500-dollar deposit), Gold (5,000-dollar initial deposit), Platinum, and VIP account. For these two last types, you will have to discuss with your account manager.
The majority of reviews have offered four out of five stars to this trading company. It is an appreciated broker that offers safe and secure services. Its success comes from the company’s transparency as well as honesty in their relation with clients and members. Magnum Options was launched in 2014, and it uses the SpotOption platform. As a client, you will have access to around 200 tradeable assets. If you want to open a new account, you will have to deposit at least 200 dollars, for the basic membership.
This broker offers the possibility to open a practice account, which is incredibly useful, especially if you are new in the trading domain. Among their most popular binary options are the following: one touch, 60 seconds, regular, long term, pairs, and ladder. You can choose one of more of these types, depending on what kind of trades and strategies you like to use. Magnum Options is a legit broker, with plenty of satisfied and enthusiastic clients.
XTrade is owned by XFR Financial Ltd, and its location is in Cyprus. Its credibility has raised a lot since March 2016, when Cristiano Ronaldo, the famous football player, has become this broker’s official ambassador. XTrade is a leading company in the Forex market, having a user-friendly platform, and plenty of trading options and features. As their client, you can make both deposits and withdrawals, choosing from almost 40 different methods such as credit cards, e-wallets, bank transfers, and more.
This trading company has revolutionized the entire industry due to its innovative software and modern approach. Their customer support is available in 140 countries all over the globe. It is worthy of your trust, having a functioning license from CYSEC. The welcome bonus can reach up to 10,000 dollars, but this amount depends on how big your deposit is and on the type of account you choose to open.
AvaTrade has plenty of experience as a trading company, being one of the best FX brokers. This broker started its activity in 2006. They have managed to develop a trustworthy and reliable trading environment for all their clients. More than two million trades happen every month, created by their registered members. The client database contains more than 200,000 people. There are only two types of account available at AvaTrade. The demo account is good for those who want to practice and become familiar with the real platform. The live account uses real currencies. The company has created it especially for those of you who are more experienced.
The website has a section of Rewards & Benefits. On occasions, the company offers promotions and incentives. You can even receive a bonus if you recommend this broker to your friends. Their customer support service is available 24/7, and you can contact the firm’s representatives using one of the following methods: live chat, phone number, e-mail address. AvaTrade is safe and secure, having a license from European authorities, available throughout the European Union. Also, their website uses an SSL encryption for data protection.
XM is registered at the FCA in the United Kingdom, and it is also regulated by CYSEC. Since its launch, in 2009, the company has gained a lot of popularity. The main headquarter is in Cyprus, and its main values are business transparency and professional client relationship management. This broker provides a wide range of modern features and progressive options. If you want to become their client, you can choose from three different account types: Micro (initial deposit is 1,000 units), Standard (100,000-units minimum deposit), and Executive (the initial deposit is equal to that of the second membership).
You will be pleased to find out that there are no fees when you make deposits or withdraw money from your account. All clients have access to their platform, where they can find valuable webinars and other educational materials. Members receive daily Forex signals, and they can choose from eight trading platforms. If you open an account, you can receive a bonus of up to 5,000 dollars. XM is one of the safest FX brokers on the market.
Wrapping It Up
There are plenty of FX brokers you can choose from. The ones described above are the most secure and safe trading companies. Specialized authorities have authorized most of these brokers. Even those that do not have a license yet are totally legit. They have satisfied customers, and they provide plenty of trading options and progressive features. If you want to start trading but you are a newbie, you should definitely opt for the demo account. Then, you can use the live account, when you feel ready, and you think you have gained enough experience.
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