The Best Online Brokers to Join

The Best Online Brokers to Join

Forex brokers do play a crucial role in the financial industry. With a variety of available options, you can choose the one with the most suitable range of features. Whether you are looking for low cost, simplicity, or high speed, you will find it among Forex representatives. Let’s see some of the best Forex brokers on the trading market.

IG Group

IG Group

IG is an online broker with a great selection of 16,000 markets trading in various CFDs and currencies. Actually, you can use IG for almost everything in forex. No wonder that IG has become a leading forex provider, with reasonable fees, excellent educational material, and multiple assets. There is a minimum of 0.6 pips for EUR/USD trading, which is considerably low compared to the industry’s average indicator of 70 pips. The broker operates specifically to forex traders in a few ways, including higher volume forex access and an aggressive rebate scheme. Even if you have any questions to ask or any issues to fix, you can always contact customer support by phone, live chat, email, and social media. Generally, IG is perfect for both smaller traders and experienced investors.

Pros:

  • Easily-navigated web-trading platform;
  • High safety measures determined by the FCA in the UK.
  • Low spreads for popular forex pairs;
  • Coverage of more than 16,000 markets.

ForexTime

ForexTime

FXTM, or Forex Time, is an international brokerage company offering STP and ECN accounts through the popular MT5 and MT4 trading platforms. Compared to many other online brokers, FXTM offers a well-developed mobile application that features the same range of functions as the website. Thus, traders and investors have a great opportunity to transact on their accounts, stay up-to-date with the latest news, as well as customize their accounts with their mobile devices. Why Forex Time is considered to be one of the most convenient online brokers? By offering 10 different account types, it allows all traders and investors to find the most suitable conditions for themselves.

Pros:

  • A range of great money protection options supporting account safety;
  • Multiple accounts to choose from base don your financial expectations and personal preferences;
  • Efficient regulation by some of the authorized bodies in the industry.

iForex

iForex

iForex positions itself as one of the biggest and most efficient Fore brokers in the industry. The company provides its clients with direct access to international markets, including forex, equities, commodities and indexes. iForex also has hedging capabilities not provided by all brokers with real-time margin protection. This broker takes cybersecurity seriously, stating that sensitive data is passed through encryption systems like firewalls and Secure Socket Layering (SSL). Also, there is a negative balance protection policy, preventing a trader from potential losses. A product pricing strategy is also quite clear, with reasonable data available on the company’s homepage. What’s good is that iForex does not charge commissions or trading fees, focusing on the trading spread and potential profits.

Pros:

  • Excellent educational resources;
  • Customer support available via online chat and Twitter feed 24/5;
  • Multiple investment products.

RoboForex

RoboForex

RoboForex is a forex broker using the MetaTrader 4, MetaTrader 5, MT Mobile and cTrader forex online trading platforms. With more than 30 currency pairs, cryptocurrencies, stocks, indices, gold, silver, commodities and cfds, you have enough options for your personal investment and trading intentions. To create an account, you’ll need to make a minimum deposit of at least $10. If you want some practice, you can open a demo account to get your skills trained. Similar to most online brokers, RoboForex takes a commission from the spread, which is based on the difference between the buy and sell price of a tool. The lower spread is, the less money you are about to pay.

Pros:

  • Full access remote technical assistance 24/7;
  • Immaculate negative balance protection scheme;
  • More than 5 types of accounts to be opened on the website;
  • Availability of the most popular trading platforms.

Final Word

Online trading and investing have changed a great deal over the years, mainly for the better. Costs have decreased, options have expanded, and user’s experience has become more convenient. The only thing that never changes is the role played by brokers. If you want to buy and sell any kind of pair, you need to use a broker. If you choose one of the above-mentioned brokers, you can be sure that you are in the right hands. Make sure you conduct thorough research before making the final decision. Every detail about your broker actually matters as it can determine your online experience and financial performance.

 

 

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