Best Worldwide Forex Brokers In 2021, best forex broker in the world.

Best forex broker in the world


Although the online broker offers access to over 150 financial markets, access depends on the trading platform you are using.

Top-3 forex bonuses


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.

For example, share trading only available on MT5 as it is a multi-asset platform, while ctrader and MT4 are predominately forex trading platforms. Note: clients in the UK will not be able to trade cryptocurrencies as the UK regulator, the FCA, no longer allows crypto trading.


Best worldwide forex brokers in 2021


The top 10 forex brokers in the world were determined based on global forex regulation, spreads and the best forex trading platforms. The companies that made the top 10 list were outstanding at a unique forex trading category.


Compare the top forex brokers in the world based on their size, spreads, trading platform and more.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Top 10 forex brokers in the world 2021


By regulator and features here is the list of the largest forex brokers



    Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Pepperstone – best global forex broker overall




IC markets – top ASIC broker with lowest spreads



Best Worldwide Forex Brokers In 2021, best forex broker in the world.


CMC markets – FCA broker with range of currency pairs






Forex.Com – IIROC broker for canadian traders



Best Worldwide Forex Brokers In 2021, best forex broker in the world.


IG – best broker for beginners with DFSA licence




FP markets – top CYSEC broker with metatrader 4



Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Interactive brokers – MAS fx broker and stockbroker




FXTM – top FSC broker with highest leverage




Pepperstone is the best global broker


Pepperstone is considered the best global broker overall, as it’s a great option for all styles of CFD and forex trading. All the tools and features required to develop successful currency trading strategies are offered by pepperstone, including low spreads, the best trading platforms, a great product range and award-winning customer services.


Spreads and account types


Regardless of the subsidiary you register with, pepperstone offers two account types that are suited to different strategies and levels of trading experience. You can choose between either commission-free standard spreads or razor spreads where you pay a flat rate commission fee.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Razor account – great for active traders


If you want to execute day trading, scalping or automated trading strategies, pepperstone’s razor account provides an ECN-style trading environment with ultra-tight spreads. As shown below, pepperstone offers low spreads that most of the world’s best brokers fail to match. For commonly traded forex pairs like the USD/JPY spreads average 0.13 pips with pepperstone, much less than what brokers such as tradersway and XTB offer, which average 0.50 pips.


Because you gain access to institutional grade spreads that can be as low as 0.0 pips, you pay a flat rate commission fee on top of the spread. Metatrader users incur a fee of AUD $3.50 per side per 100k traded, while ctrader has a 7 unit charge per lot. With ECN-like spreads and low commission fees, overall trading costs are low for razor account holders.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Data taken from broker website. Accurate as at 05/01/2021


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Standard account – great for new traders


Standard accounts are great for beginners as you can trade commission-free spreads, avoiding the need to calculate trading costs when you’re starting out and building confidence. Compared to other top brokers, pepperstone offers the tightest no commission spreads. For instance, the standard account holders can access spreads averaging 1.33 pips for the AUD/JPY, significantly lower than 4.90 pips at tradersway or 3.36 pips at fxpro.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Data taken from broker website. Accurate as at 05/01/2021


Trading platforms and market access


To access the broker’s diverse range of forex and cfds pepperstone clients can use choose either metatrader 4 (MT4), metatrader 5 (MT5) or ctrader as their trading platform. All are available as desktop trading platforms for PC and mac computers, mobile apps for ios and android devices as well as webtrader platforms for online trading.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Five different asset classes are available to trade being forex, commodities, shares, indices and cryptocurrencies. As well as major, minor and exotic currency pairs you can also trade currency indices such as the US dollar index (USDX), a weighted basket of six major currencies including the GBP, JPY and EUR.


Although the online broker offers access to over 150 financial markets, access depends on the trading platform you are using. For example, share trading only available on MT5 as it is a multi-asset platform, while ctrader and MT4 are predominately forex trading platforms.


Pepperstone is ideal if you want to focus on trading cryptocurrency. Spreads are competitive and commission-free for when trading crypto with pepperstone. Five CFD products are available (bitcoin, bitcoin cash, ethereum, litecoin and dash), with bitcoin spreads starting from $10.00.


Note: clients in the UK will not be able to trade cryptocurrencies as the UK regulator, the FCA, no longer allows crypto trading.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Whether you are trading forex, cryptocurrencies or share cfds, pepperstone trading platforms offer a great range of analysis and automation features to help you develop trading strategies and save time.


Trading tools:



  • Algorithmic trading with expert advisors (eas) on metatrader platform or cbots when using ctrader.

  • Social-copy trading via metatrader’s trading signals or third-party social trading services such as myfxbook, mirror trader and duplitrade.

  • Charting tools to perform technical analysis and fundamental tools such as an economic calendar.

  • Autochartist and add-on expert advisors and indicators (pepperstone’s smart trader tools) are free to download


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Tier-1 regulators


As well as an excellent trading environment and product range, pepperstone is seen as safe and trustworthy as it’s overseen by top-tier financial authorities. The level of investor protection you receive as a pepperstone client depends on where you reside and the subsidiary you register with:



  • Pepperstone, UK: regulated by the financial conduct authority, maximum leverage of 30:1 when trading forex and negative balance protection (NBP) is provided.

  • Pepperstone, australia: regulated by the australian securities and investments commission (ASIC), no NBP or leverage caps, with a maximum leverage of 500:1 for forex instruments.

  • Pepperstone, dubai: regulated by the dubai financial services authority (DFSA), maximum forex leverage 50:1.

  • Pepperstone, EU (mainland europe): regulated by cyprus securities exchange (cysec), maximum leverage 30:1

  • Pepperstone gmbh (germany and austria): regulated by the federal financial supervisory authority (bafin), maximum leverage 30:1

  • Pepperstone, international: regulated by the securities commission of the bahamas, no investor protections such as NBP or leverage caps.



Note: clients in the UK should sign with pepperstone UK, clients in germany and austria should sign with pepperstone gmbh, clients in other mainland europe countries should sign with pepperstone EU.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Customer support


Pepperstone is known for its reliable and efficient customer service. Live chat, phone or email can be used to get in touch with the customer support team, with all contact methods available 24/6. The online broker has been recognised for its customer services for many years now, winning awards for the quality of trading support and relationship management provided by pepperstone.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Education


Pepperstone provides a range of free educational resources (such as webinars) to help you develop trading strategies and conduct market analysis.


Educationresearch
webinars and videosmarket news
trading platform tutorials market analysis and commentary
educational articleseconomic calendar
glossarytrading guides
demo accountstrading ideas

Another key educational resource is the broker’s demo account. As cfds and forex are complex instruments, trading comes with a high risk of losing money. Demos allow you to practise and build confidence in real-time currency trading conditions, but in a risk-free environment. The online broker offers trials for MT4, MT5 and ctrader with both standard and razor account pricing.


To open a real account with pepperstone, no minimum deposit is required, although the broker recommends at least $200.


Our rating


The overall rating is based on review by our experts



Fxdailyreport.Com


Best Worldwide Forex Brokers In 2021, best forex broker in the world.
Forex trading offers an opportunity to earn some additional income. If you are planning to try it out, you should learn the basics of currency trading. Though there is much more to learn than you as a beginner might expect, the fact is that it is learnable. Once you have decided to try out forex trading, the first step is choosing a forex broker. You need to look at various aspects order such as trading platform, account options, minimum deposit, spreads and commissions, deposit and withdrawal options and customer service, among others, when choosing a forex broker. In order to make things easier for you, we have evaluated a number of forex brokers and have listed below the top 10 forex brokers. You can research each one of them on your own and choose one that fits your needs the best.


Top 10 forex brokers list 2021


brokerinfobonusopen account
min deposit: $5
spread: from 0.2 pips
leverage: 500:1
regulation: FSA (saint vincent and the grenadines), cysec
50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win. Visit broker
min deposit: $1
spread: from 0 pips
leverage: 3000:1
regulation: cysec, IFSC
$100 no-deposit bonus, 100% deposit bonus visit broker
Best Worldwide Forex Brokers In 2021, best forex broker in the world.
min deposit: $5
spread: from 0 pips
leverage: 888:1 “*this leverage does not apply to all the entities of XM group.”
regulation: ASIC, cysec, IFSC belize
“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” visit broker
min deposit: $1
spread: from 0 pips
leverage: 2000:1
regulation: FCA UK, cysec, FSP, bafin, CRFIN
35% of the account deposit visit broker
Best Worldwide Forex Brokers In 2021, best forex broker in the world.
min deposit: $100
spread: starting 0 pips
leverage: up to 400:1
regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
visit broker
min deposit: $300
spread: floating, from 0 pips
leverage: 500:1
regulation: FCA UK reference number 579202
visit broker
min deposit: $200
spread: starting 0 pips
leverage: 500:1
regulation: ASIC australia, FCA UK
visit broker
Best Worldwide Forex Brokers In 2021, best forex broker in the world.
min deposit: no minimum deposit
spread: 1.2 pips
leverage: 50:1
regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
visit broker
min deposit: $10
spread:
leverage:
regulation: cysec
- visit broker
Best Worldwide Forex Brokers In 2021, best forex broker in the world.
min deposit: $200
spread: from 3 pips
leverage: 400:1
regulation: NFA, FCA, cysec
visit broker

Best Worldwide Forex Brokers In 2021, best forex broker in the world.


XM.Com, a trade name of trading point holdings ltd, is owned as well as operated by trading point of financial instruments ltd, which is regulated by cysec. It is also european union-registered forex broker. XM has its headquarters in limassol, cyprus.


Broker type – DMA/STP, MM
minimum deposit – $5
deposit options: bank wire, neteller, skrill, webmoney, credit card, westernunion, moneygram, SOFORT, unionpay (china), etc.
Maximum leverage – 888:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – more than 1



FBS, an international forex broker, has presence in over 120 countries. The online forex company boasts of 2,000,000 traders (clients) and 130,000 partners. For muslim traders, the broker provides swap-free or islamic accounts. FBS was founded in 2009 and they do not offer financial services to people in the USA, belize and japan.


Broker type – ECN/STP, DMA/STP, MM
minimum deposit – $5
deposit options: visa/master card, neteller, skrill (7.5% commmission), webmoney, perfectmoney, OKPAY, FBS exchanger, wire transfer, yuupay (3% commission), etc.
Maximum leverage – 500:1
minimum lot size – 0.01
spreads – fixed and variable
lowest spreads for EUR/USD – 2 pips for mini accounts and 1 – 2 for standard accounts



Pepperstone, an execution-only forex as well as CFD broker, provides trading solutions that cater to both veteran and novice traders. Founded in 2010, the company has its headquarters located in melbourne, australia. The company has offices in shanghai, china and dallas, USA.


Broker type – electronic communication network/straight through processing and direct market access/straight through processing
regulation – australian securities and investments commission (ASIC)
platforms – metatrader4, ctrader
minimum deposit – $200
deposit options – bank wire, debit card, credit card, webmoney, neteller, fasapay, skrill, BPAY, poli, QIWI, paypal, unionpay(china), etc.
Maximum leverage – 400:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – more than 0.5 pips for mini and standard; more than 0.1 pips for ECN


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Tickmill, owned by tickmill limited and operated by tmill UK limited and tickmill ltd., which is a company registered in england and wales. Tickmill has principal and registered offices in london and seychelles. Tickmill is under the regulatory control of both financial operates conduct authority in the UK and financial services authority of seychelles.


Broker type – STP/ECN/NDD/DMA
regulation – FCA, UK and FSA, seychelles
platforms – web platform, metatrader 4, mobile platform
minimum deposit – $25
deposit options – wire transfer, credit/debit card, webmoney, unionpay, skrill, neteller, fasapay
maximum leverage – 500:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – starts from 0.0



In 2013, fxopen launched its online trading platform. Fxopen UK, based in london, is regulated by the financial conduct authority in the UK.


Broker type – ECN/STP
regulation – FCA, UK
platforms – three versions of MT4
minimum deposit – $300
deposit options – bank wire transfer, credit/debit cards, webmoney, neteller, skrill, payza
maximum leverage – 500:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – starts from 0 pips


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Plus500 forex trading platform is provided by plus500cy ltd., which is a company based in cyprus and with headquarters in limassol. This broker is authorized as well as regulated by the cyprus securities and exchange commission.


Broker type – market maker
regulation – cyprus securities and exchange commission (cysec), financial conduct authority (FCA), australian securities and investments commission (ASIC)
platforms – windows trader, webtrader
minimum deposit – $100
deposit options – bank wire, paypal, credit card, skrill, etc.
Maximum leverage – 50:1
minimum lot size – 0.01
spreads – fixed
lowest spreads for EUR/USD – 2



ETX capital, a financial services company based in the UK, provides institutional, high net worth and retail customers with online platforms for trading forex and derivatives. ETX capital is the trading name of monecor (london) limited.


Broker type – forex and CFD broker
regulation – FFCA, UK
platforms – MT4, marketspulse
minimum deposit – $100
deposit options – china unionpay, giropay, neteller, credit card, sofort, wire transfer, skrill
maximum leverage – 400:1
minimum lot size – 0.01
spreads – fixed
lowest spreads for EUR/USD – 0.7



Octa markets was incorporated 2011 and the forex brokerage serves clients in more than 100 countries around the world. The company is registered in saint vincent and the grenadines. The company operates under the regulatory purview of IFSA.


Broker type – DMA/STP
minimum deposit – $5
deposit options: bank wire, debit card, credit card, skrill, neteller, unionpay (china), fasapay, etc.
Maximum leverage – 500
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – more than 1.5



Avatrade, a pioneer in the field of online forex trading from 2006 onwards, was created for the purpose of providing great online trading experience to retail traders. Within a short time, avatrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe. The total value of trades surpasses $60 billion in a month.


Broker type – market maker
regulation – australian securities and investments commission (ASIC); central bank of ireland; financial futures association, japan; financial services board (FSB), south africa and israel securities authority (ISA)
platforms – metatrader 4, avatrader
minimum deposit – $100
deposit options – bank wire, paypal, webmoney, skrill, credit card, neteller, prepaid master card, etc.
Maximum leverage – 400
minimum lot size – 0.05
spreads – fixed
lowest spreads for EUR/USD – 3



Etoro, an online forex broker, offers trading in currencies, indices, commodities and CFD stocks. More than 4.5 million users from over 170 countries around the world make use of the online forex broker’s website. Founded in 2006 in tel aviv, the multi-asset brokerage company has registered offices in israel, the united kingdom and cyprus. One of the key features of etoro is the social investment platform with copy-trading feature that it offers.


Broker type – market maker
regulation – cyprus securities and exchange commission (cysec), markets in financial instruments directive (mifid), commodity futures trading commission (CFTC), financial conduit authority (FCA), national futures association (NFA), australian securities and investments commission (ASIC)
platforms – etoro openbook, etoro webtrader, etoro mobile trader
minimum deposit – $50
deposit options – bank wire transfer, credit/debit card, skrill, moneygram, paypal, neteller, webmoney, western union
maximum leverage – 400:1
minimum lot size – 0.01
spreads – fixed
lowest spreads for EUR/USD – 3




Narrowing down the number of forex brokers to just the top 10 forex brokers in the world is complicated. However, we have made a list of the top 10 forex brokers and as with the previous lists; it took vast amounts of forex education.


Many of the experts who provide most of the forex education on our site made the top 10 forex brokers in the world list. They included in this process, many important things you should know.


Read on to find out how we know that this list contains only the best of the best.


1. Forex ratings


This is something we do mathematically. Calculating points is not an easy feat. We base it on so many things. Among them, one is forex education. To understand what it’s like to come up with a rating system, you first need to know what’s important.


When picking the top 10 forex brokers in the world, there is a criterion. The criterion helps us categorize features, services, and versatility.


Here is a list of some of the most important things we consider:



  • Regulation authorities

  • How old is the company?

  • Offices and branches

  • Commissions and spreads

  • Analytical services, reviews, and forecasts

  • Customer reviews

  • News about the company

  • ECN and PAMM accounts availability

  • Forex competitions

  • Education for free

  • Number of payment systems available

  • Automated withdrawals

  • Website performance



After doing the ratings, it becomes very easy to pick the names on our top 10 forex brokers in the world. As you can see, it is exhaustive. We examine all the angles we know you care about as the customer.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


2. Customer reviews


This is a big part of something that we call ‘ social proof ’ in the world of digital marketing. The word of someone who has used service is worth more than an advert. We read through reviews left by customers to compile an acceptable top 10 forex brokers in the world list.


Reviews make up some points we use in the rating system. However, on their own, they represent accuracy. You want to know that the people telling you an FX broker is good to have the first-hand experience.


Reviews help with:



  • Providing a cautionary step before you take any action

  • Giving you social proof

  • Assuring you of credibility

  • Confirming the reliability of a company



We read as many of them as possible to form a clear picture of a company.


3. Reputation


The reputation of a company can help you know about it even before you meet anyone from there. Some of these companies are on the top 10 forex brokers in the world list because of reputation.


Several trusted financial authorities, experts in the forex market and customers speak well about them.


Most of these top 10 forex brokers get their name out there by doing things that include offering free forex education on their websites. We look out for where they get mentioned, why and the impression we get from that.


Read on to find out which ones will be the best for you.


4. Regulation authorities

When it comes to forex brokers, we always want to know that they are regulated. When they are not, it becomes a problem because this lack of regulations opens up doors for fraudulent operations.


Before you sign up with a broker, always make sure that they are appropriately regulated. When you check the bottom of the website for any broker, you will find a license number, if they are genuine.


If you do not see it, ask them for it or avoid them because that is a red flag that they may not be who they say they are.


If they have the number, just copy it and check for their name on the website of the regulator that they claim oversees them. If you do not find it, you should know that they are lying. Some of the most well-known regulators in the world are:



  • ASIC – australian securities and investments commission

  • Bafin – the bundesanstalt für finanzdienstleistungsaufsicht (germany)

  • CFTC – commodities and futures trading commission (united states)

  • Cysec – cyprus securities and exchange commission

  • FCA – financial conduct authority (united kingdom)

  • FFMS – federal financial markets service

  • FINMA – swiss financial market supervisory authority

  • FMA – financial market authority (austria)

  • FSA – financial services agency

  • FSB – financial services board (south africa)

  • Financial services commission – BVI

  • Financial services commission (FSC) – mauritius

  • IFSC – international financial services commission

  • FSP NZ – new zealand financial service provider

  • ISA – israel securities authority

  • MFSA – malta financial services authority

  • SEBI – securities and exchange board of india

  • VFSC – vanuatu financial services commission

  • UAE – abu dhabi central bank



With these, you can never go wrong. If the broker is not certified by them, they do not qualify for our list of the top 10 forex brokers in the world. The more the regulation, the better. However, it is not the only metric that makes the companies qualify.


5. Commissions and spreads

The opportunity for a broker to take advantage of you comes in when they do not come clean about the charges. When we look at the commissions and spreads, we want to see them at the industry standard or even lower than usual.


To be clear, we do not pick the top 10 forex brokers in the world because of unusually low fees. The trading fees need only to be reasonably low and not too low. When the deal starts to look too good, always be careful because that is a sign of a scam broker trying to get you.


In picking the top 10, we look at the brokers with the lowest spreads among the points that we look at. When they allow you to make profits reasonably, we add them to our shortlist as we check the other things.


Sometimes, the brokers might advertise a low spread and not have it. In most markets, the aim for most traders is to look for the lowest spreads because they allow you to trade cheaply. So, we make sure to look at the validity of the claims before picking them for this list.


The trader wants to have a profitable strategy that will allow them to lower the transaction costs, as much as possible. Since the spread is the difference between the bid and asks prices, standard accounts will try to charge as much as they can without oppressing the trader too much.


6. News about the company


Knowing as much about a company as possible, require that we look through their past to make sure that they are not hiding something that could be potentially damaging to the clients that they serve. The top 10 forex brokers in the world are the ones with a good track record.


Any company that is worth making it to the list would be in the news in one form or another. We also check what the people who signed up for it say. This helps us have a clear picture of what a company is all about so we can give you accurate information when we compile the top 10 forex brokers list.


7. Education


Most of the top forex brokers in the world know that education for their customers is an essential thing. So, it is not uncommon to find that they provide it. Even the most professional traders know the value of information and will check information before they make a decision.


Having all the information you need for any of the things you need to do in the market is handy. Education forms the backbone of all traders who make it in the market.


8. ECN and PAMM accounts availability

Many of you do not know where to look when trying to find the best ECN brokers online. In our list of the top 10 forex brokers in the world, we have listed some of them who have ECN accounts. With these accounts, you get direct access to liquidity providers.


PAMM accounts are a little trickier. With them, you make use of other traders who are more competent than yourself. They trade on your behalf, for a percentage of the profits. To be on the safe side, you should not go independent when it comes to this.


We have listed the best companies that offer access to this service, it allows you to make money without having to do all that work or take risks as a novice who may not be able to thrive in a competitive market.


To wrap up

The process of picking the top 10 forex brokers in the world is not an easy one, but we had fun doing it because it allowed us to know more about an industry that is one of the biggest in the world. As a trader, you will be safe when you go with any of these choices.


To make sure that no one has to fall prey to scams, we also prepared lists for those who want to know how to avoid scams, lists of true ECN accounts and other reviews that will complement this one to create a fuller picture that will make sure you are adequately prepared when you step out into the world of forex as a trader.



List of the best 23 forex brokers | trusted reviews


Are you looking for a good and serious forex broker? – then this page is the right place for you. Thanks to the large selection on the internet it is often difficult to make the right decision. With more than 7 years of experience in the financial markets, we present you with the best providers with top service and without hidden costs. Find out in the following texts how to select a secure forex provider and which online broker offers the best conditions.


Broker:review:regulation:spreads:assets:advantages:open account:
1. Bdswiss
Best Worldwide Forex Brokers In 2021, best forex broker in the world.
Best Worldwide Forex Brokers In 2021, best forex broker in the world.
(5 / 5)
➜ read the review
cysec, FSCstarting 0.0 pips + $ 2.0 commission per 1 lot250+
(50+ currency pairs)
+ individual offers
+ trading signals
+ raw spreads
+ leverage up to 1:500
+ best education
+ personal support


Watch our full video review about the best forex brokers (risk warning: your capital is at risk):



Strict criteria for the forex broker review


In contrast to many other comparison sites, we present you on this website only the safest providers with the best conditions for traders. As experts with many years of experience, we have tested many forex brokers and still use some of them. A good provider should have certain characteristics that guarantee good and safe investing.


It is not uncommon to hear of fraud on the internet. This is to be avoided by this comparison. In addition, one would like to save on charges as a trader because the costs for the trade reduce of course the actual profits. Also, the security of customer’s money is of high priority. A regulation or license, for example, is urgently needed for secure trading with international brokers. All these criteria and many more are included in the test. Therefore we can present you on this page the best forex brokers in a list.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Proven facts for a good forex broker:



  • Regulation and license of an official finance authority

  • High safety of customer funds

  • Fast and reliable market execution

  • Small forex trading fees and no hidden fees

  • No requotes (high liquidity)

  • User-friendly trading platform

  • Free and unlimited demo account

  • Professional support

  • Fast deposit and withdraw methods



How does a forex broker work?


A forex broker is an intermediary between a client (trader) and the interbank market for currencies (wikipedia). In addition, the broker can lend capital to the trader so that he can trade with leverage. The broker’s income is generated by the spread and the cost of financing the leveraged positions.


There are 2 different models of brokers: market maker and ECN/NDD broker


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Example of live spreads for forex brokers


Market maker:


This broker does not place the trader’s orders directly into the real interbank or spot market. There is an internal matching system between the positions of the traders. Of course, the broker can hedge himself on the real markets so that there are no distortions in supply and demand. In most cases, this system can be opaque, and only as a broker employee, you know the exact functions. A market maker forex broker is not bad or scam. Nowadays, most providers offer good and exact executions.


ECN/NDD (no dealing desk) broker:


ECN and NDD mean direct access to the interbank market through various liquidity providers. These are large banks or very large forex brokers. The provider places the trader’s orders directly into the real market. So the customers get direct and real market prices for trading. With this model, there is no conflict of interest between trader and broker. Zero (no) spread accounts are offered.


Warning: only trade with regulated and licensed forex brokers


Security has the highest priority in online trading. When it comes to trading leveraged financial products, you have to be able to trust the forex broker. It is not uncommon for large sums of money to be used to generate a large profit. For example, brokers in europe must have regulations or licenses if they want to offer their services. The regulation can be in any european country. The same or almost the same requirements apply to brokers everywhere. In order to avoid fraud, it is important to look for such a license.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Licenses are only issued under certain conditions and criteria. If a broker violates these conditions, the license may be withdrawn immediately. All tested companies of mine are always concerned to keep the highest criteria and to guarantee a safe trade. Many brokers, for example, are regulated in cyprus. This has tax advantages. Nevertheless, there are also forex brokers with more than one regulation. The various regulatory authorities can be seen in the table above.


Facts of reliable and secure companies:



  • Regulation and license

  • Separated customer funds

  • Regulated deposit and withdrawal methods

  • Using well-known banks

  • Large liquidity providers



Another important point for serious trading is the security of customer funds. Payouts of winnings or the deposited amount should work smoothly. It was not uncommon for some brokers to speculate on customer funds themselves. In the end, withdrawals were refused or delays occurred.


How risky is forex trading?


Forex trading is managed by leveraged financial products. That means you are able to trade a bigger contract size than the amount of money in your account. Some brokers offer the leverage up to 1:3000. Many traders are afraid of the obligation to make margin calls and this is not without reason as the past has shown. Account balances could slip into the negative balance. This is possible due to extreme market situations and too large a position size in relation to the account balance.


The providers shown above all have no obligation to make additional contributions (except IC markets and vantage FX). With the providers in the upper table, you are therefore protected against such a scenario. In our experience, this can only happen if the account is too heavily leveraged. You should always beware of sensible risk management.


Beginners should always start with the free demo account to practice forex trading.


A demo account is essential for successful trading. The trading column form and conditions can be tested extensively with this account. It is a virtual credit account that simulates real money trading. It can be traded without risk. This means that new strategies can be developed or new markets tested. The demo accounts of the compared providers are completely free and unlimited. This account is best suited for entry into forex trading.


How to deposit and withdrawal money:


For most traders, the first deposit into their account is very exciting. It should work smoothly and be highly secure. Forex brokers offer well-known and proven payment methods. Capitalize the trading account with electronic methods (credit card, e-wallet, paypal, crypto) or with the classic way of bank transfer. Electronic methods work in real-time and the money is credited directly to the trading account. Trading can be started immediately. The minimum deposit at the compared brokers is very low. For example, you can open an account from as little as 1$. If this is worth it, you have to decide for yourself. There are no fees for deposits.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Example of payment methods of a forex broker


The payout is also very uncomplicated. With a few clicks, you can request a withdrawal on the menu. This is then released in 1-3 working days. However, most brokers payout customer money in less than 24 hours. All presented brokers passed this test. The fees can be high for small payouts. With payments over 200$, the most forex brokers take over the fees but some brokers do not charge any commissions.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Facts about the payments:



  • Instant deposit of money

  • Fast withdrawal within 1 – 3 working days

  • Electronic methods (skrill, neteller, paypal, and more)

  • Cryptocurrencies

  • Bank wire



Not every country is available for forex trading


Not every country is available for forex brokers and trading. This is because there are some restrictions and special regulations. For example, in some countries, an international broker needs a special license for that specific country. So it is too much afford for some companies to get the license and they stop taking clients from these countries. You can clearly see on the homepage which clients they accept. Not many brokers accept clients of the united states of amerika.


From my experience, the fastest-growing countries are in africa and asia. Because of the development of mobile internet, more people get connected to the forex market. India, nigeria, philippines, malaysia, and china are at the moment the fastest-growing countries.


Is forex trading legal?


Forex trading is fully legal if there is not any ban from the government. Forex trading is just changing money into another currency. This is not an illegal practice. The brokers on my review got official regulations so they act fully legal.


Review conclusion: start trading with a reliable forex broker


On this page, we have presented you with our current list of the top 23 forex brokers in comparison. Now you have a selection of good and reputable companies in front of you. It was particularly important to us that we only present providers here, which we have tested by ourselves with real money. This is not the case with most comparisons.


Profit now from the most favorable fees and the best conditions by my experience of many years. With these providers, you are 100% safe and can take your forex trading to the next level.


We hope you could learn something in this comparison and act now with better providers through my recommendations. If you can’t make up your mind, please also read the reviews.


Successful forex trading requires a good and reliable broker. In this review, we showed you the top 23 secure forex brokers. Now you can choose your professional trading partner.



Top 10 forex brokers in the world


Luke jacobi

Contributor, benzinga

Want to jump straight to the answer? The best forex broker for most people is definitely FOREX.Com


Whether you’re a seasoned or new forex trader, the broker you choose could translate into better executions that increase your bottom line. Here are the 10 best forex brokers in the world based on various characteristics.



  • 1. Best overall: FOREX.Com

  • 2. Best for copy trading: etoro

  • 3. Best CFD broker: IG

  • 4. Best for futures traders: ninjatrader

  • 5. Best for advanced traders: interactive brokers (IBKR)

  • 6. Best for active traders: pepperstone

  • 7. Best for leveraged trading: FXTM

  • 8. Most innovative platform: avatrade

  • 9. Best for cryptocurrency cfds: city index

  • 10. Best for all trading levels: HYCM

  • Choose a broker that fits your needs



Account minimum

Pairs offered

Minimum trade size

Spread

Commisions

1. Best overall: FOREX.Com


FOREX.Com’s sophisticated analytical tools and trading platforms make it our overall no. 1 forex broker pick. In addition to offering 80 currency pairs and competitive dealing spreads, FOREX.Com’s extensive educational and research resources suit experienced and novice traders. For a more in-depth look at FOREX.Com, check out benzinga’s FOREX.Com review.


As the top U.S.-based forex broker, FOREX.Com has oversight from the commodities futures trading commission (CFTC) and is a member of the national futures association (NFA). You can use leverage of up to 50:1 on most forex pairs. The broker’s proprietary mobile and desktop platforms offer over 80 different technical indicators or you can use the metatrader 4 platform that features customizable expert advisor (EA) software capability that allows you to automate your trading plan.


FOREX.Com has a minimum deposit requirement of 50 units of the currency where you reside to open an account. Standard accounts feature no commissions other than the dealing spread for transactions, although FOREX.Com does offer a commission-based account that costs $5 per trade with reduced spreads.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


FOREX.Com’s advanced trading platform. Source: FOREX.Com.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Account minimum

Pairs offered

Minimum trade size

Spread

Commisions

2. Best for copy trading: etoro


New to trading? Etoro’s social and copy trading service provides a great way for you to duplicate trades in your own account made by expert traders with a proven track record. Etoro also offers a wide range of comprehensive educational material for novice traders. Although etoro does not support the metatrader platforms, just about anyone can navigate its intuitive website, trading platforms and mobile apps.


Etoro has a $50 minimum requirement to open an account that gives you access to trade in more than 2,000 different assets. Etoro recently became available to U.S. Clients in many states, although it is not registered with the usual U.S. Financial regulators. The broker instead does business as a money services business with oversight from the U.S. Financial crimes enforcement network (fincen).


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Screenshot of etoro’s trading platform. Source: etoro.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Commissions

Account minimum

3. Best CFD broker: IG


Regulated by the NFA and CFTC, IG allows U.S. Clients to trade contracts for differences (cfds) on more than 17,000 different assets that include forex pairs, indices, stocks, options, bonds, exchange-traded funds (etfs), commodities and short-term interest rates. IG markets lets forex traders operate in 80 different currency pairs and has a $250 minimum deposit.


In addition to its own advanced proprietary trading platform, IG supports 3rd-party platforms such as prorealtime and metatrader 4. IG makes its money from the dealing spread that starts at 0.08 of 1 pip for EUR/USD and widens depending on the currency pair.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Screenshot of IG markets’ trading platform. Source: IG markets.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Commissions

Account minimum

4. Best for futures traders: ninjatrader


Known for its advanced trading platform, ninjatrader’s brokerage service best caters to the needs of futures traders focused on trading products from the CME group, chicago board of trade (CBOT), new york board of trade and the eurex exchanges. In addition to the forex and futures markets, ninjatrader allows you to trade cfds and stocks.


Ninjatrader has a $400 minimum deposit to open an account that gives you access to trade forex and futures at very competitive rates. The ninjatrader trading platform includes a number of features traders find extremely useful, such as its backtesting engine, advanced charting and simulated trading.


The basic ninjatrader platform can be used free of charge by broking clients, although 3 more advanced forex platforms require a licensing fee. In addition to its advanced trading platform, ninjatrader helps new traders educate themselves with hundreds of on-demand training videos, guides and a youtube channel.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Screenshot of ninjatrader’s advanced trading platform for windows OS. Source: ninjatrader



Pricing

Account minimum

5. Best for advanced traders: interactive brokers (IBKR)


Advanced traders will appreciate interactive brokers’ world-class brokerage services available to U.S.-based clients. Interactive brokers also provides traders with an unusually broad range of access to 134 financial markets in 33 countries. In addition to full U.S. Oversight by the CFTC, NFA and the securities exchange commission (SEC), interactive brokers is also regulated in canada, australia and the U.K.


Interactive brokers offers forex traders competitive dealing spreads and $0 commissions on U.S. Stocks and etfs. You’ll need a decent amount of money to open an account with this broker since its minimum deposit is $10,000, which gets applied to your 1st 8 months of commission charges.


After that, your account requires a minimum balance of $2,000. Keep in mind that IBKR also charges inactivity and maintenance fees, which makes the broker most suitable for advanced active traders with deep pockets.


IBKR’s highly advanced trading platforms include the trader workstation (TWS) platform for desktop computers, the client portal and a mobile app. The broker’s trading platforms offer advanced analysis and research tools. You can use them to trade in multiple assets from 1 central location, including options.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Screenshot of interactive brokers TWS platform. Source: interactive brokers.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Commissions

Account minimum

6. Best for active traders: pepperstone


Australia-based pepperstone offers forex, CFD and cryptocurrency trading but does not accept U.S. Residents as clients. Pepperstone lets you access 61 currency pairs, more than 60 cfds for stocks and index funds and 5 cryptocurrencies. Unlike other online brokers, pepperstone has no proprietary trading platform, so you can trade your brokerage account through the metatrader 4 & 5 or ctrader trading platforms which each have a wide selection of analysis options.


You can use leverage up to 500:1 and you’ll need a minimum of AU$200 to open an account. The broker offers a standard account where you pay a higher dealing spread but no fees and its razor account features reduced dealing spreads and charges a flat rate once you’ve achieved a certain trading volume.


Pepperstone is especially good for high volume traders since its active trader program offers rebates the more you trade. This pays cash directly to your trading account, unlike many other trading rebate programs.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Screenshot of the ctrader trading platform supported by pepperstone. Source: pepperstone.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


7. Best for leveraged trading: FXTM


Established in 2011, FXTM can support your online trading, no matter your financial ambitions.


It specializes in leveraged trading to give you the potential to generate financial returns on both rising and falling prices across FX, indices, commodities, shares and cryptocurrencies. Whether you’re an experienced trader or completely new to it, FXTM wants to help you find freedom in the financial markets.


More than 2 million users subscribe to FXTM, and it has been recognized with 25 industry awards.


Best Worldwide Forex Brokers In 2021, best forex broker in the world.


Screenshot of the plus500 mobile trading platform. Source: plus500



Brokers


Regulated forex brokers


When viewing the forex broker or a trading platform, it is the paramount priority to choose from the hundreds the most reliable one and the best forex provider, as it will determine the whole trading experience. Indeed, doing research and compare the vast number of forex brokers with many aspects to consider, maybe not an easy choice, as well time-consuming. So here we are ready to assist your selection and answer the most common questions.


Can I trade forex without a broker?


This may be the first question you would ask, as indeed forex market, FX or currency market is the largest global non-centralized exchange where trading process performed electronically via networks. While main forex participants are international banks and financial institutions operating huge volumes through a need to exchange currencies, presented as currency pairs, and assist international business with the conversion which is known as the interbank market.


Therefore, in order to trade fx you should be authorized dealer to do so, as well as operate a quite sufficient amount so before forex brokers were introduced to retail traders and global community it was not possible for trade markets. For this reason, forex trading brokers are the companies or agent if you like that gives retail forex traders access through its platform to operate forex market and trade various markets including commodity futures, indices, bonds, etc.


Do I need license to trade forex?


So this is another pleasant and great opportunity which is given by forex brokers, as you may access trading without financial or dealer license. Moreover, there are hundreds of opportunities with a relatively small investment which allows you to trade forex, do technical analysis and analyze markets almost instantly.


Are forex brokers regulated?


And now we will check the most crucial question if forex broker can be regulated, since the market is decentralized, and is it safe to trade forex? Obviously, this is the biggest trump you may fall as a retail trader if you choose a non-reliable, mainly non-regulated or offshore firm without a proper license you may easily fall into a scam and lose money.


So due to increasing demand and mainly that traders got no easy access to trading or financial education, the world countries established particular organizations or authorities in order to oversee the market proposals and regulate forex broker firms. So yes, forex brokers are regulated while holding a license from a local authority alike world known FCA in the UK, ASIC in australia, commodity futures trading commission CFTC in the USA, MAS in singapore and more.


What does a regulated broker mean?


The whole concept of regulation is to oversee forex business in a particular country or region, protect clients and ensure safe conditions while trading forex. So in simple words, regulated broker means a safe and legit broker that is compliant to various rules and criteria set by the international authority with the purpose to provide secure trading and good customer service. So its trading environment and provided services like technical analysis, education and tools are also aligned to the best practices.


In addition to its constant check on the service providing, authorities protecting clients throughout compensation schemes and other security checks, however, these conditions may vary from the regulator to another.


How do I know if my forex broker is regulated?


In order to check if broker is regulated or not, you should verify this information through the official brokers’ website first, as regulated companies always provide its licenses. And the next step is to verify a license through the official regulatory website. However, in our forex broker review you will find all the necessary information and license check as well.


It is a fact, unscrupulous brokers may easily fake information and assure you of its license while its not true, so always verify information through the official source. As well, adhere to trade with brokers regulated in serious jurisdictions, not the offshore once, as they luck of strong regulation, requirements and necessary safety measures. Read more by the link why avoid brokers from st vincent & the grenadines.


How to choose best forex broker?


Security of funds is always first in forex trading, for that reason, we recall your attention to open an account with regulated brokers only. Making it simple, regulated broker means that you will trade forex with proper security of funds and investment itself, so first of all good broker is a sharply regulated broker.


Further on, you should also check the necessary conditions and select offer suitable for you and trading strategy you deploy.


For this reason, we assist your selection and provide an assortment of efficient regulated brokers with updated on a weekly basis in-depth forex broker list. A professional detailed analysis with trading fees account overview, platform breakdowns while sorted by regulation, country or trading conditions, along with traders comments so smarter decision is easier now.



Best forex brokers in the world 2021 – best most trusted forex brokers


You will need the help of a regulated and reliable forex broker when you decide to start trading in forex trading. However, choosing the best forex brokers in the world is a much more difficult task than you think with some of them who provide online trading services today.


The characteristics of a good forex broker should be to provide a reliable and secure trading platform, low spreads, 24-hour customer support, free training tools and resources for novice traders, adequate trading tools and features for experienced traders and an intuitive trading platform. Even with many comments and reactions that are available for most online forex brokers, it is certainly not easy to choose the right one according to your needs.


However, we have simplified a lot for you and have released this list of the best forex brokers in the world who are considered to be among the best in the industry and who are confident in providing you with reliable and efficient services.


By going through the information provided here, it should easy for you to select best forex brokers in the world or top 10 forex brokers in the world that best matches your needs and expectation levels. Here is the list:



  • Xmbest overall broker 2020, wide variety of trading tools instruments, global broker operating in safe regulatory environment

  • Hotforex – different trading accounts are on offer, trade forex with ultra low spreads

  • Markets.Com – multiple types of trading platforms, beginner friendly

  • Easymarkets – 300 plus trading instruments, deal cancellation feature, fixed spreads.

  • Fxtm – well regulated, low min. Deposit, tight spreads.

  • Exness – A variety of account types and execution methods, offers metatrader 5



Best Worldwide Forex Brokers In 2021, best forex broker in the world.


1. XM
XM group is a group of regulated online brokers. XM is available worldwide and is regulated by three financial authorities: the cyprus securities and exchange commission (cysec), the australian securities and investments commission (ASIC) and the international financial services commission of belize (IFSC).
The broker has more than 1000 financial instruments at its disposal
that can be traded on metatrader4/metatrader 5 platforms and this includes currency trading, equities and other commodities.
Cfds, cfds on raw materials, cfds on stock market indices, cfds on precious metals and energies
cfds .
XM offers 3 main types of trading accounts called micro, standard and XM zero the first two allowing trading and commission free from as little as 1 pip. Minimum deposit is $5 for micro accounts and the broker also offers islamic accounts without swaps.


Born in 2009, this forex broker is currently operational in 120 cities across the world and has successfully helped execute several thousands of trades with almost zero rejections or re-quotes.


Customer-friendly forex broker
it requires only $5 to open an account
more than 100 financial instruments to choose from
no hidden fees or commission
several video tutorials and webinars in different languages are available on the platform
customer support is available 24/7 in different languages
different payment modes are supported


2. Hotforex
this mauritius-based forex broker is regulated by the FSC (financial services commission) under the trading name of HF markets ltd.


To meet the demands and needs of a variety of traders, hotforex provides different types of forex trading accounts. Each of these account types has distinct and competitive trading accounts and can be opened with an amount as small as $5. Besides the regular accounts, hotforex also provides a zero account , VIP account, and the currenex account. There’s also a social account through which traders can interact with other traders in discussing news and different strategies.


Hotforex provides a wide range of educational tools and technical analysis to help users benefit from their trading moves. Breaking news is also offered by the broker at regular intervals. In all, this forex broker can be tried out by anyone that likes to get forex trading information and news in an organized and clear manner.


Pros:
different trading accounts are on offer
regulated by FSC
availability of demo accounts
different modes are available for funding the account and withdrawals
bonuses and promotions are available in plenty
list of educational tools is huge
customer support features are available via live chat, phone, and email


3. Easy markets
established in 2001, easy markets also goes by the name ‘easy-forex’. It is regulated in cyprus by cysec and is licensed by ASIC in australia and mifid in europe. As of today, the forex broker has offices in sydney, shanghai, and warsaw. It has more than 100,000 active traders on its platform and boasts of more than $1.5 trillion in turnover.


Easy markets offers a standard account for which one needs to make an initial deposit of $100. Besides this, the broker offers an islamic accoun t , especially for those that wish to carry the trade over to the next day without any rolling fee being charged on the same. A free-to-use demo account is available to users when they opt to trade using the broker’s proprietary platform. VIP account holders are entitled to receive SMS alerts and cash rebates regularly.


Pros:
A welcome bonus of $25 is provided to new traders
there are regular promotions and bonuses on offer
deposits and withdrawals can be initiated through multiple payment modes
there are plenty of educational materials and programs on offer


4. Exness
exness is a leading forex broker that was established in 2008. It is regulated by FCA in the united kingdom and cysec in cyprus. Currently, the broker offers two trading platforms – metatrader 5 (MT5) and metatrader 4 (MT4). Besides offering users with different trading account types, exness has eight metals contracts and 104 forex pairs on offer to its users.


There are various account types and execution types available with exness. Depending on your choice, the fees and commission may wary. The broker also offers mobile trading applications for its android and ios users. The same can be downloaded from the google play store and the itunes store.


A variety of account types and execution methods
offers metatrader 5
availability of mobile trading options
different deposit methods like mastercard, VISA, skrill, cashu, webmoney, bank transfers, fasapay, etc.
Different withdrawal options like VISA, webmoney, mastercard, neteller, skrill, perfectmoney, bitcoin, etc.
Support staff can be reached via live chat, phone, and email


5. FXTM
FXTM came into existence in 2011 and is also known by the name forex time. In a short period, it has been in the market; FXTM has carved a name for itself and even managed to win a few accolades, including ‘fastest growing forex broker’ and ‘best newcomer 2013’. Currently, FXTM has offices spread across different regions of the globe, including belize, the UK, and cyprus.


For beginners, FXTM provides a demo account so they can practice before they venture into the real forex market. For professionals, though, there are two trading accounts on offer – standard and ECN. While the former is further divided into standard, cent, and shares account with each requiring minimum deposits and contract specifications, the latter is divided into FXTM pro, ECN zero, and ECN with each of them having different commissions and spreads.


It is not just forex pairs, FTXM also specializes in providing services in financial products like cfds on spot metals, commodity futures, etc. FXTM is known to offer generous promotions and offers to its customers time and again. However, the users need to check their eligibility before applying for the same.


Pros:
availability of different trading accounts, including demo account
regulated by cysec, FSC, and FCA
A host of webinars and tutorials are provided
FXTM conducts workshops and seminars regularly
supports credit cards, wire transfers, cashu, neteller, debit cards, e-wallets, and skrill for deposits
customer support is available in multiple languages


6. Markets.Com
regulated and authorized by cysec (cyprus securities and exchange commission), markets.Com operates in the forex industry by the name safecap investments limited. Currently, it has offices spread across cyprus, south africa, and australia. Since its inception, markets.Com has won several awards and recognitions.


Today, when you wish to trade with markets.Com, there are different options available to you, like cfds, commodities, equities, currencies, stocks, gold, oils, etc. In addition to this, the forex broker offers trading leverages up to 1:300 and competitive spreads to all its non-EU users. To set up an account with markets.Com, all it takes is less than a few minutes. However, for this, users need to submit all necessary documents online.


For the benefit of thousands of traders, markets.Com provides chart analysis , alerts, oscillators, etc. Using these features, traders can predict the behavior of markets accurately and make informed decisions.


Pros:
variety of trading accounts on offer
extensive educational tools
accessibility of the website in multiple languages
availability of customer support 24/5 from 21 locations via live chat and email
wide variety of withdrawal and deposit methods



Best forex brokers


Find below the best forex brokers online in the world.


Risk warning: your capital is at risk. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.


What is forex?


Forex is a shortened term used for "foreign exchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a day from sunday evening until friday night. Forex is also the most liquid financial market, there is a huge trading volume: each day, more than 5 trillion dollars are exchanged, there are always a lot of trades.


Forex trading


Currency values rise and fall against each other due to a number of economic, technical and geopolitical factors. The common goal of forex trading is to profit from these changes in the value of one currency against another. All forex pairs are quoted in terms of one currency versus another, forex trading is the act of simultaneously buying one currency while selling another. Each currency pair has a "base" currency and a "counter" currency. The base currency is the currency on the left of the currency pair and the counter currency is on the right. For example, in EUR/USD, EUR is the "base" currency and USD the "counter" currency. A forex trader will buy a currency pair if he expects its exchange rate will rise in the future and sell a currency pair if he expects its exchange rate will fall in the future.


What is a broker?


Traders must conduct their trading activities through a forex broker. A broker acts as an intermediary between the buyer and the seller involved in a forex transaction. They provide trading platforms that allow traders to buy and sell foreign currencies. Traders have to take the time to research and compare options to find the broker that best fits their needs.


Risk warning: investments involve a high level of risk. It is possible to lose all your capital. Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.


The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation and is not directed at residents of: belgium · france · japan · latvia · turkey · united states ·



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Best Worldwide Forex Brokers In 2021, best forex broker in the world.
Best Worldwide Forex Brokers In 2021, best forex broker in the world.


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So, let's see, what we have: compare the 2021 top 10 forex brokers in the world based on market share, features forex trading platform and 2021 spreads. At best forex broker in the world

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