Forex brokers are companies that offer traders access to a trading platform for the purchase and sale of foreign currencies in the international market. Below we will discuss the best forex brokers.
Table of Contents
Best 7 Forex Brokers for Trading
Forex.com – The best for all traders
FOREX.com is on the best forex brokers, which is owned by GAIN Capital Holdings and was launched in 2001. And it is a well-known global online broker that caters to people looking to trade the retail foreign exchange (FX) and contract for difference (CFD) markets.
Usually, FOREX.com is for all sorts of traders looking for exposure to a diverse range of product and asset classes; however, it is well suited to high-volume traders. The product is offering by this broker is differed with location but provide quick and dependable execution, a range of platform, and account security for all traders. It caters to clients who desire to trade the foreign currency market in the United States
FxPro- Top Broker
According to Traders Union FxPro is the number 1 broker for forex trading. It was created in 2006. FxPro is the most popular MetaTrader Brokers, having a full suite of MT5 and MT4 platforms, as well as different account and execution options. The company has executed more than 455 million orders, since its establishment and served 1.8 million clients in more than 173 different countries.
It is accessible via web, desktop, and mobile devices. FxPro’s trading platform, FxPro Edge, offers a solid foundation for a new web-based trading platform, however, it falls behind the greatest proprietary trading platforms in terms of functionality.
London Capital Group- The best broker for beginners
London Capital Group (LCG), which was created in 1996, has remained competitive in the ever-changing internet brokerage landscape. LCG’s trading platform offering lends itself well to a frictionless trading experience that would appeal to even the most inexperienced of investors.
In 2016, the company launched LCG Trader, a web-based, white-labeled version of the cTrader platform. LCG’s whole online offering to the user consist of this, as well as the ubiquitous MT4 (downloadable) platform and a working mobile application. U.S traders are not accepted by LCG, as like many other Forex brokers.
CMC Market- Overall best in quality and range
Established in 1989, CMC Market is an established, widely traded and well-rated forex broker based in the United Kingdom. In addition to being publicly traded on London Stock Exchange (LSE), CMCX is also a publicly traded corporation. CMC, as like many other brokers, does not accept traders from the United States.
CMC market is suitable for all traders, from beginner to experience. In term of fees, the firm with its peers in the industry, and it scores highly on numerous of our best-of lists. It is the best forex broker of 2020 for the range.
FXTM – Best for leveraged trading
FXTM, which was founded in 2011, can assist your online trading need, no matter what your financial goals are. It is specific for leveraged trading, which provides you with the opportunity to earn financial returns on both the rising and falling price in a variety of markets including foreign exchange, commodities, stock, indices, and cryptocurrencies.
FXTM assists you in finding freedom in the financial market, whether you are a seasoned trader or completely new to it. FXTM has more than 2 million subscribers and has received more than 25 industrial awards in recognition of its work.
XTB Online Trading- The best broker for low cost
X-Trade was established in 2002. It was the first Forex leverage trading company in Poland. In 2004, the company changed its name to X Trade Broker (XTB) to conform with new polish rules.
XTB is an excellent solution for those traders who wish to reduce their cost, whether it is a fundamental cost of placing a transaction or not having to worry about unnecessary expenditures such as wire fees. Non-U.K can take advantage of maximum leverage of up to 500:1 accounts whereas U.K leverage can be high as 30:1 on the same account.
Interactive Brokers – The best broker for advanced Forex Traders
Interactive Broker has most of the lowest expenses in the market, including a 0$ commission in the equities and in the exchange-traded funds that are publicly traded in the United States.
In addition to providing world-class brokerage in 33 countries that cover 134 markets globally, the company is overseen by the majority of the world’s largest financial regulators, including the SEC, CFTC, and NFA in the United States among others.
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