The most important thing in making money in the Forex market, next to a great trading system, is a great Forex broker and the best.
“If Forex trading is a business, choosing a good Forex broker is cost savings.
” And when we can choose a good broker to start trading Forex, our trading life will become a lot easier.
Exness is a broker which was founded in 2008, and it’s been in the market for over 10 years and has established itself as the top forex broker in the world. Exness head office is located at 1, Saifi Street, PORTOBELLO, Office 401, 3042, Limassol, Cyprus. The regulation they follow is Financial Services Authority (FSA) and Cyprus Securities and exchange commission (CySec).
XM broker is also a forex trading broker whose parent company is Trading point Holding, the company is a global company and was founded in 2009.
They have been regulated by three financial authorities: CySEC (Cyprus Securities and Exchange Commission, ASIC (Australian Securities and Investment Commission and IFSC (International Financial Services Commission of Belize.
IC markets is an Australian based global forex broker, founded in 2007. They are regulated by Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and Australian Securities and Investment Commission (ASIC).
IC Markets primarily offers their traders forex trading, but also had some choices of future, indices and commodities.
FBS is a broker which was founded in 2008. Their head office is located at 2118, Guava Street, Belize Belama Phase 1, Belize. They follow regulations IFSC (International Financial Services Commission) and CySEC (Cyprus Securities and exchange commission).
FBS offers a variety of services such as the platform web and MT4 both are easy to use, you probably won’t face any issues in creating an account and login. Moreover, they offer 24*7 hours of support service, which means you can get in touch with them at any time per your convenience.
FBS is having 5 types of accounts in the MT4 platform named standard, standard cent, zero spread, ECN, and micro account in which the standard, standard cent, and micro have no commission at all but spread and swapping is there. Other than that, the zero spread and ECN have a large amount of commission as compared to other brokers even in ECN I find the spread is also higher than also there is a lot of commission. So, I find it more expensive. Also, in the ECN account type, the minimum lot size is 0.10.
FX pro was founded in 2006 and its HQ is located at 13-14 Basinghall str., City of London, EC2V 5BQ, U. They are in the market for 14 years.
Fx pro holds various licenses FxPro UK Limited; FCA, registration no. 509956, FxPro Financial Services Ltd; CySec, license no. 078/07, FxPro Financial Services Ltd; FSCA, authorization no. 45052, FxPro Global Markets Ltd; SCB, license no. SIA-F184. They serve retail traders as well as institutional clients from over 170 countries. FxPro appears to be a true NDD (no dealing desk broker) that offers excellent market access to all types of traders.
The broker indeed is flexible and easy to use, with this broker one more feature is provided if you have multiple accounts with the broker you can transfer money from account to account in just a few minutes, by using their wallet feature which is really hassled free. For example, if I am currently using a standard and micro account and my standard account requires more funds, and I have an extra amount in the micro account then, only by doing 2 steps the money can be transferred to a standard account.
Founded in 2010, HotForex’s head office is located at Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent, and the Grenadines. It is a multi-asset broker that offers Forex and Commodities. The broker provides access to unrestricted liquidity allowing any size or profile trader to make a choice between various spread and liquidity providers via automated trading platforms and the performance of any strategy.
Overall experience with the broker was good, as I haven’t faced any issue in any of the procedures except the one that the funds were not credited to my account for which I came to know that the funds has been transferred to the wallet after which I have to internally transfer the funds to the different account which was easy to do.
Robo Forex was launched in 2009, and its head office is located at 169-171 Arch. Makarios III Ave., floor 8, 3027, Limassol, Cyprus. The trading instruments they provide are forex currency pairs, CFD, Metals, Indices, and cryptocurrencies.
Robo Markets Ltd is a European broker which is licensed by the Cyprus securities and exchange commission (CySEC) and Robo Forex limited is considered to be an international broker which is licensed by International Financial Services Commission (IFSC). The broker is in the market for over 10 years and have won several awards in different years.
GMI Edge headquarters are located at the Registered address Govant Building, BP 1276 Port Vila, Vanuatu. The broker was launched in the market in the year of 2009. They are an offshore broker that provides online trading services through the MT4 platform. Brokers provide 3 types of accounts in which you can trade which are Standard, ECN, and Cent accounts. Only ECN has a fixed commission of USD 4 per 1 lot.
The broker provides a low minimum deposit that the opening account procedure is quite easy. Support is available 24*5 but in that time also there are times when you couldn’t reach chat support and even if you raise your query you will never be contacted back by the broker on their own. Along with that they do have mentioned getting an expert advisor in every account but I found that false as I don’t get any advisors for my account.
Weltrade is a forex broker, that provides services of trading through their platform. It launched in the market in 2006. Weltrade headquarters is located in Suite 305, Griffith Corporate Centre, PO BOX 1510, Beachmont, Kingstown, Saint Vincent.
They provide instruments such as forex, metals, and commodities. Along with that, they have an account with no commission at all. You can trade into any type of account but I found a premium account to be more convenient as the minimum deposit is USD 100. The account opening procedure is really easy and I was not charged a single penny on deposit and withdrawal. Over the years, weltrade has established itself as the best broker in the world.
This can be analyzed by seeing the credibility of the broker and which let us know that we can trade with peace of mind. When we have peace few things are for sure that we are not needed to worry about the shutdown, cheated, gasp and escape.
As the name suggests, this is the factor that is needed to be considered. It simply means how much fees a broker is charging on deposit and withdrawal. Some of the brokers don’t charge any amount but some do charge. If there is no cost of deposit and withdrawal that means it reduces the cost of trading as well.
We all are aware that to get in touch with any broker the fastest way is to chat support, so this factor is also important, the fastest the chat support, the faster your query gets resolved. One more thing to remember is that the support should be able to connect with you and resolve your query it shouldn’t be the way that they are responding to us like robots.
This can be analyzed by seeing the credibility of the broker and which let us know that we can trade with peace of mind. When we have peace few things are for sure that we are not needed to worry about the shutdown, cheated, gasp and escape.
As the fees of deposit and withdrawal are important so the channels are equally important as well, one must check which channels does a broker provide because if the broker doesn't have the best platform for depositing and withdrawing funds then it is of no use,
Isn't it important to get the funds credited to your account as soon as possible? We would suggest that this factor is equally important because if you want to trade you will want your money to be credited as soon as possible so that you can start your trading.
We hereby will help you out in choosing the best broker, but to know the same we will request you to check our articles for each broker for your better understanding. Once you read you will find which broker would be best for you.
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