forex (http://forex.pm) Brokers 2019.
Due to the popularity of forex (http://forex.pm) trading over the past decade, hundreds, if not thousands, of new forex (http://forex.pm) brokers have flooded the market, all seeking your patronage. Our desire is to help you find out exactly which one of these brokers is the right one for you, thereby avoiding a potential nightmare from ever happening before you even get started. forex (http://forex.pm) brokers range widely from the highly reputable and well regulated firms like FXTM or AVA, handling many accounts honorably, to those engaging in questionable pricing and order execution practices, to outright fraud in some cases, like Refco, a highly publicized bankruptcy of a forex (http://forex.pm) and commodities broker that attempted to hide $430 million in bad debts from investors and clients.
Broker Features Regulator Platforms Next Step Your capital is at risk Founded: 2011.
- Over 1M Account Registered - More than 250 Trading Instruments - MT4, MT5 and Web Trader Platforms - Full ECN Trading Model - Crypto-trading only avail. for Exinity Limited .
CySEC, FCA, FSC, FSCA MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4)
Your capital is at risk Founded: 1998.
- Well Established - Low Minimum Deposits - Accepts Cryptocurrencies.
FSC MT4, MT5.
Your capital is at risk Founded: 2005.
- Ultra low spreads from 0.0 pips - True ECN execution - Over 10,000 trading instruments - 500:1 leverage - No requotes.
ASIC MT4, MT5, WebTrader, Mobile Trader and IRESS.
Your capital is at risk Founded: 2006.
- 40% New Member Bonus - MIFID, ASIC, FSA & FSCA regulated - Free Online Trading Coach.
ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader.
Your capital is at risk Founded: 2019.
- MT4 trade platform - 31 cryptocurrency markets - 24/7 support available - Facilitates same day withdrawals.
Unlicensed MT4 Windows, MT4 MAC, MT4 IOS, MT4 Android, Web Trader.
Table of Contents - 5 Step Guide.
Key Considerations when choosing a forex (http://forex.pm) broker Step 1: Choose a trusted forex (http://forex.pm) broker Trusted forex (http://forex.pm) Brokers Top List Step 2: The broker's offer and services Step 3: What to watch out for Step 4: Other considerations Step 5: Checklist of features For non-US traders Concluding Remarks.
Consequently, it is basic common sense that all traders should take their time when choosing their most significant business partner, the one that will support their trading aspirations going forward - their forex (http://forex.pm) broker. The process is called "due diligence" or "vetting a vendor" or whatever name you may wish to assign to the task, but urgency should not be a factor. When it comes to money, there is a criminal element in our society that will go to great lengths to deceive you. Significant research in advance will pay rewards. Take your time to find a forex (http://forex.pm) broker that is worthy of your trust, before you ever send them any money.
There are many websites that can help you in your search process. The staff at forex (http://forex.pm)traders.com has reviewed many capable brokers and reduced the group down to a list of worthy candidates. The selection process begins by choosing a minimum of three possible brokers, and then following with an evaluation of each and whether they meet your needs. Even after you narrow the group down to one final candidate, you may want to start off slow with a small deposit and small trade positions to validate your initial findings. There is no reason to rush. There will always be trading opportunities around the corner.
Step 1: Choose a trusted forex (http://forex.pm) broker.
Of course, the first and most important consideration when selecting a forex (http://forex.pm) trading brokerfx involves determining whether or not your funds will be secure in the broker's hands.
There are four aspects you want to examine to make sure your money is safe: Domicile , Regulation , Reputation, and Funding .
Domicile.
If the domicile of your forex (http://forex.pm) broker is in a major country with well-developed financial regulation, this legal infrastructure can often help you recover your funds if problems arise. Make sure to double-check the domicile of the company even if the address looks reputable. Sending your money to an online forex (http://forex.pm) broker based in less well-regulated places like the Bahamas or Panama may not be in your best interests. Trying to exert your legal rights in a foreign jurisdiction can be a daunting task, especially if there is no regulatory oversight in the background to support your effort. Avoiding forex (http://forex.pm) brokers with a dubious base of operations will actually help narrow down considerably the search for a reputable broker! And you want to save time, right?
Regulation.
The second security signal to check is whether the broker is regulated or not. You should be aware that opening an account with a forex (http://forex.pm) broker who has taken the trouble to register with a regulatory agency - while a very good idea - will still not guarantee that the company is legitimate or that your trading funds are safe.
Nevertheless, by having a regulatory agency involved, a certain amount of recourse exists for a broker's clients if the company files for bankruptcy or if other problems develop that put the return of your trading funds at risk. To conclude, you should always choose a regulated broker.
Reputation.
The third point to check out is the broker's reputation. Be sure to check the Internet for either favorable testimonials or continuing complaints about the brokers you have chosen for consideration. Especially look for reviews and comments where traders have had difficulties in withdrawing their funds. If you see evidence of this, don't waste any more time on this broker.
Funding.
The fourth and last point when it comes to choosing a trusted broker involves the financial security of the broker. Your money will always be more secure in the hands of a forex (http://forex.pm) broker with great financial backing. The broker should be well funded, or have a trusted owner or parent company. These supporting relationships are often disclosed on the broker's official web site on tabs like "About Us" or "Press Releases". Although all the top forex (http://forex.pm) brokers represented here should be well funded, it is always a good idea to make sure one extra time. You may also want to visit the website for the regulatory body in the region. Regulators often publish annual statistics on the capital funding for their licensees and whether they are adequate or not. You will also want your broker to hold your funds in segregated accounts at Tier-One banks. Safety and soundness are key factors when dealing with a broker.
Use the chart below to compare forex (http://forex.pm) brokers. Here you will find our top choices of brokers that you can trust with your money.
Top list of most trusted forex (http://forex.pm) brokers.
Broker Features Regulator Platforms Next Step Your capital is at risk Founded: 2011.
- Over 1M Account Registered - More than 250 Trading Instruments - MT4, MT5 and Web Trader Platforms - Full ECN Trading Model - Crypto-trading only avail. for Exinity Limited .
CySEC, FCA, FSC, FSCA MT4 & MT5 for PC, Mac, iPhone/ iPad, Android. FXTM WebTrader (MT4)
Your capital is at risk Founded: 1998.
- Well Established - Low Minimum Deposits - Accepts Cryptocurrencies.
FSC MT4, MT5.
Your capital is at risk Founded: 2005.
- Ultra low spreads from 0.0 pips - True ECN execution - Over 10,000 trading instruments - 500:1 leverage - No requotes.
ASIC MT4, MT5, WebTrader, Mobile Trader and IRESS.
Your capital is at risk Founded: 2006.
- 40% New Member Bonus - MIFID, ASIC, FSA & FSCA regulated - Free Online Trading Coach.
ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader.
Your capital is at risk Founded: 2019.
- MT4 trade platform - 31 cryptocurrency markets - 24/7 support available - Facilitates same day withdrawals.
Unlicensed MT4 Windows, MT4 MAC, MT4 IOS, MT4 Android, Web Trader.
Your capital is at risk Founded: 2006.
- Support in 20 languages - Negative balance protection - 24/5 Support.
CySEC, DFSA, FCA, FSB, SIA MetaTrader4, MetaTrader5, cTrader, FxPro Edge (Beta)
80% of investors lose money when trading CFDs with GMOTrading Founded: 2017.
- New up and coming forex (http://forex.pm) broker. - Variable spreads. - Good Customer Support.
CySEC, MiFID MetaTrader 4.
Founded: 2012.
- Order slippage on stop losses is generally minimal - Trade in over 50 currency pairs - No fees for deposit or withdrawals.
CySEC MT4, WebTrader, Mobile.
72% of clients lose money. Capital at risk. Founded: 1983.
- Well established - Beginner friendly - Free Webinars.
ASIC, CFTC, CIMA, FCA, FSA, IIRO, MAS, NFA, SFC Advantage Web, AT Pro, MT4, WebTrader.
Your capital is at risk Founded: Based in Cyprus, so conform to EU regulations New broker, so have very little in terms of reputation High-quality services on offer.
CySEC WebTrader, MT4.
76% of CFD traders lose Founded: 2007.
- Social and Copy Trading Platform - 24/5 Customer Support - Beginner Friendly.
CySEC, FCA eToro Platform.
Your capital is at risk Founded: 2014.
- Ultra - fast execution from 0.1s - Low spreads from 0.0 pups - All trading strategies allowed - No restrictions on profitability - Top trading conditions.
FSA SC MetaTrader 4, Web Trader.
Your capital is at risk Founded: 2009, 2015, 2016.
- 50% and 20% deposit bonus up to $5,000 (t&c apply) - Very well regulated - 24 hour support.
ASIC, CySEC, FCA MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader, MT5.
76.4% 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. Founded: 2008.
- Multi Asset Trading Platform - No Time Frame for Demo Accounts - Very well regulated - Excellent support.
ASIC, CySEC, FCA Plus500.
Your capital is at risk Founded: 2009.
- From 0.0 Spreads - No Fees - 9 Ways to Fund your Account.
CIMA MetaTrader 4, MetaTrader 5, WebTrader.
Your capital is at risk Founded: 2008.
- Unlimited leverage - Instant deposits and withdrawals - Key figures published quarterly - Multilingual customer support - Negative balance protection.
CySEC, FCA MT4, MT5.
Your capital is at risk Founded: 2005.
-Extensive global presence.
-Wide range of financial products.
-Cutting-edge trading platforms.
- Superior trading experience.
-Highest security of funds.
ASIC, BaFin, CIMA, CNMV, FMA, FSC, RAK MT4, ECN Pro, MultiBank Pro, Maximus, MT5, WebTrader, Mobile App.
Your capital is at risk Founded: 2010.
- 1 Million GBP Insurance by Lloyds of London - ECN Real Raw Spreads, 0.2 EUR/USD - Scalping allowed.
ASIC, CySEC, FCA, FSB Metatrader, Webtrader.
Your capital is at risk Founded: 2010.
- Well regulated by FCA and ASIC - Well established and large broker - Offers Education.
ASIC, FCA MetaTrader 4, MetaTrader 5, cTrader.
Your capital is at risk Founded: 1999.
- 24/5 Customer support - Well established - Well regulated.
Your capital is at risk Founded: 2011.
- Min. Deposit $5 - Up to 1:500 leverage with micro-lots (0.01 size) available for everyone - Scalping, hedging, trading on the news, and EAs are permitted at OctaFX. - First Time Deposit Match: 50% Up To Any Max Deposit.
CySEC MT4, MT5 and cTrader.
Your capital is at risk Founded: 2002.
- forex (http://forex.pm) Pairs and CFD Trading - Tight Spreads as low as 1.2 pips - ESMA Compliant.
BaFin, CMB, FCA, KNF xStation, MT4, Mobile.
Your capital is at risk Founded: 2013.
- $10 usd minimum deposit - State of the art platform - 24/7 support in more than 17 languages - Free demo account.
CySEC IQ Option.
Your capital is at risk Founded: 2011.
- Automated mirroring service - One on one training - 24x5 customer support.
FSCA MT4 & Sirix.
Your capital is at risk Founded: 2012.
- forex (http://forex.pm) pairs and CFD trading - Tight spreads as low as 1.2 pips - Over 130 assets.
CySEC MT4 & SpotOption.
Your capital is at risk Founded: 2010.
- Dedicated Account Manager - Well Established - Leverage 400:1.
CySEC, MiFID MT4.
Your capital is at risk Founded: 2014.
- Flexible leverage up to 500:1 - Multi award-winning New Zealand broker - Institutional-grade spreads from 0.1 pips.
79.6% of clients lose money. Capital at risk. Founded: 1965.
- Winner of Best Online Trading Platform at Shares Awards 2018 - 50 years' experience in financial markets - Educational Hub for Non-traders - Free Guaranteed Stops(retail clients only on TraderPro) - Spread bet and trade CFDs on over 5,000 markets - Fixed and variable spreads - Advanced charting package - Our very own award-winning TraderPro platform - FCA Regulated.
FCA MetaTrader 4, TraderPro.
Your capital is at risk Founded: 2015.
- Low Spreads - Easy for beginners - Deposit and Withdrawals done with ease.
CySEC K-DNA Financial Services Ltd.
75% of clients lose money. Capital at risk. Founded: 1999.
- Trusted Global Market Leader - Online FX & CFD Trading - 180+ Global Markets, 84 FX pairs, 65 shares, 17 popular indices and more - forex (http://forex.pm), Indices, Commodities, Equities & Bitcoin - Available to US traders.
CFTC, CIMA, FCA, FSA, IIRO, NFA forex (http://forex.pm)Trader & MT4 for PC, MAC, iPhone, iPad and Android, WebTrader.
Your capital is at risk Founded: 2008.
- 100% FTD Bonus(only non-EU) - Social Trading Features - Available in 25 languages.
CySEC, DFSA, FCA, FSA, FSCA MetaTrader 4, MetaTrader 5.
Your capital is at risk Founded: 2015.
- NAGA is an established international brand, with NAGA Group AG listed on the Frankfurt Stock Exchange - NAGA offers variety of services & products: crypto wallet, award-winning social trading platform, and own coin - NAGA offers for the partners Innovative marketing material & converting content: unique banners, landing pages & widgets.
BaFin, CySEC Web & Mobile.
76.4% 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. Founded: 2016.
- 24/5 customer support on live chat and telephone. - Educational trading material. - Tight spreads and zero commissions. - More than 2000 instruments.
CySEC WebTrader, MetaTrader5.
73% of CFD traders lose Founded: 2008.
- Beginner friendly - Leverage 1:300 - Well Established.
CySEC, FSB Markets.com Platform.
Your capital is at risk Founded: 2007.
- 24 hour support - Well established and regulated. - $0 Min. Deposit.
ASIC, DFSA, FCA, FMA MetaTrader 4, Currenex.
Your capital is at risk Founded: 2009.
- The highest leverage offers in the market: up to 1:3000.
- Regular contests and promos, including the "Trade 100 Bonus" (free $100 for practicing on forex (http://forex.pm)); 100% deposit bonus that actually doubles the invested amount; cashback up to $7 per lot, Loyalty Program, Partnership program etc.
- The minimum deposit/withdrawal amount starts from $1 depending on the account type.
CySEC, IFSC MT4, MT5, FBS trader (iOS, Android), CopyTrade.
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- forex (http://forex.pm)traders.com.
If you want to get some more basic information on brokers, and more information on different regulatory bodies that provide oversight for forex (http://forex.pm) brokers as well as articles that dig deeper into the different aspects on choosing a forex (http://forex.pm) broker that we talk about on this page, you will find that in our forex (http://forex.pm) broker tips section.
Step 2: The broker's offer and services.
After you have found a broker that you think you can trust with your money, it is time to look at the offer and services you should expect from your broker.
My top list of things to check out include the following:
Spread Margins Execution of orders Trading Platform Support.
1. Spread Margins.
forex (http://forex.pm) brokers usually charge a commission on deals by taking part of the bid offer spread, so the tighter their spreads, the more money the trader saves. If your preferred trading strategy is more active than most, then spread margins will be more important for you.
2. Execution of orders.
Speed is really important when it comes to execution of orders. You should test his speed and effectiveness with a demo account with the broker you have chosen. More on demo accounts later. In some cases, the demo account may not be a good barometer. You should also check other online reviews to find out if there are "slippage" problems or constant re-quotes from the broker. If the speed and effectiveness is not there, then choose another broker!
3. Check out the trading platform.
You need to determine the ease of use and reliability of the broker's trading platform, in addition to the quality of the online market information offered by the broker to its clients. Does the platform need to be downloaded, as with Metatrader4, the most popular and widely used platform on the market? Some downloads are easier than others. Is the platform a proprietary design? This situation may be good or bad. Demo testing can help here, as well. It is not always easy to decide the best forex (http://forex.pm) trading platform since it depends on your needs. Are you on the go and need to access your account via an iphone or Android device? Some brokers support mobile trading. Others do not.
4. Support.
Remember, the forex (http://forex.pm) market is open 24 hours a day almost 6 days a week, if you count from the opening of the week in Sydney Monday morning until closing in NY Friday afternoon. See the forex (http://forex.pm) market opening times. Different time zones can impact the accessibility of customer support services. If the broker's support crew is on one side of the globe and you are on the other, you might need support from your broker on a 24-hour basis. We highly recommend that you choose a broker with 24-hour support.
These were our four most important points to review when accessing the capabilities of your prospective broker. It also helps to be aware of the pitfalls that can occur in the forex (http://forex.pm) industry. Here are a few tips that could alert you to the possibility of questionable business practices and help you to easily discard prospective brokers on your short list.
Step 3: What to watch out for.
Beware of Unusual Trading Rules.
Beware of forex (http://forex.pm) brokers with arcane trading rules, such as giving you a minimum time to hold a position or denying you to "pip hunt".
Beware Outrageous Marketing Claims.
There are unscrupulous brokers that will attempt to attract your interest with marketing claims that seem too good to be true. In most cases, be suspicious of claims of high returns, super tight spreads, and professional support that will help you make a fortune in forex (http://forex.pm) trading. Competition is high, and many brokers will say anything to get your initial deposit. Be wary and skeptical. You are your first line of defense when it comes to preventing fraud.
Avoid Brokers That Requote.
Requoting is the situation where your trading platform shows a certain price, and then when the trader goes to deal on it, the platform makes them wait, and then shows them another often worse price.
Excessive slippage on stops.
Slippage occurs when an order, usually a stop loss, is not executed by a forex (http://forex.pm) broker at the rate at which it was placed. Instead, the order is filled at a rate that is usually worse than originally intended by the trader.
Front running orders.
Front running means that the broker may be holding an order for an especially large commercial transaction and might trade it ahead of or "front run" the order to make money at the client's expense.
Step 4: Other considerations.
You will want to read the prospective broker's official website and any documents thoroughly to get clear on both their terms and operational rules of the road.
We also suggest you give their customer support a test call. You will want to assess the helpfulness and market expertise of the customer service department when assisting you in getting started trading or in case a problem arises. Brokers that fail to answer questions or that put you on hold when you try to call in are best avoided.
Withdrawals and Deposits.
Make sure that the forex (http://forex.pm) broker's withdrawal and deposit policies agree with you. Some brokers charge exorbitant fees for bank or wire transfers, while some will even take PayPal.
Also, some brokers can make you wait an agonizingly long time to withdraw your funds. Make sure you have this information before you give them your money.
Make use of bonuses.
Make sure to check out the prospective broker's bonus offering. Often they will provide you with some kind of extra bonus with your first deposit. Some of them also offer other types of bonuses for you as a loyal customer. Make sure to understand the terms and conditions connected to the bonus.
What type of account to use?
There are demo trading accounts and live trading accounts. We always recommend that you start trading with a demo trading account to check out the trading platform. But you need to understand that there are differences between demo and live trading.
When you are ready to open a live account we recommend that you start trading with a micro account first.
Step 5: Checklist of features.
The following list presents many of the more desirable features and services offered by forex (http://forex.pm) brokers. We have already covered many of these in the above discussion, but not all. This list will help you prioritize your personal needs.
Competitive dealing spreads Fast and reliable executions Mobile phone trading support Automated trading support Dependable order execution on stop loss orders Minimal slippage on stops Easy deposits and withdrawals Sign up bonuses and promotions Trading in a wide array of currency pairs Trading in other markets such as gold, silver and crude oil Low initial deposits Instructional material for novice traders Personalized trading strategy and market advice Economic calendars Reuters or AP/Dow Jones financial newswires forex (http://forex.pm) expert market commentary Calculators and trading tools Technical analysis tools Charting software Size of dealing lots High leverage accounts Competitive rollover fees.
Most of these services can be obtained through a variety of online retail forex (http://forex.pm) brokers, so it is up to you to determine what services you consider important for your personal trading needs. Your goal is to select the broker that best suits your personal trading needs.
Concluding Remarks.
As you might expect, the larger the forex (http://forex.pm) broker, generally the more services the broker can make available to their clients, the tighter their dealing spreads, the more reliable their trading platform and the faster their transaction executions are likely to be. Thus, in general we recommend that you choose one of the larger brokers.
Any qualified forex (http://forex.pm) broker will provide you with a reliable trading platform, 24-hour customer support during forex (http://forex.pm) trading hours, charting and technical analysis tools, access to quality forex (http://forex.pm) news and commentary, competent order execution, competitive dealing spreads and a wide choice of currency pairs to trade. Brokers offering any less than this basic package should not be considered in the selection of a forex (http://forex.pm) broker, since today's market offers a broad blend of online retail forex (http://forex.pm) brokers for your consideration.
Performing adequate due diligence on the front end on your prospective forex (http://forex.pm) broker, before making your first trade, can literally save you thousands of dollars and prevent nightmares from ever happening down the road. Finding the right broker for you and your trading needs is your top priority. Invest the time that this task requires, and you will never regret it.
Read our reviews of more forex (http://forex.pm) brokers that did not make our top list above:
NetoTrade - Read review Orbex - Read review iforex (http://forex.pm) - Read review Trade24 - Read review xTrade - Read review Trade360 - Read review 24Option - Read review UFX - Read review IG Group - Read review HarborX - Read review MexGroup - Read review Oanda - Read review Tradeo - Read review London Capital Group - Read review IC Markets - Read review CFD Global - Read review ATFX - Read review TradeFred - Read review IQ Option - Read review Libertex - Read review Swiss Markets - Read review iTrader - Read review FX Globe - Read review Formax - Read review Think Markets - Read review Z.com Trade - Read review Orbex - Read review NSFX - Read review USGFX - Read review STO - Read review Trio Markets - Read review HYCM - Read review eToro - Read review FXGiants - Read review BD Swiss - Read review ETX Capital - Read review Trade.com - Read review easyMarkets - Read review Finq - Read review XTB - Read review everFX - Read review.
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