A forex broker is a business that specializes in selling currency trading services. There are numerous forex brokers to choose from, but it can be difficult for beginning investors to select one that is right for them. Before picking a broker, an investor must evaluate a number of aspects, including the fees charged, market coverage, regulations, the company’s history, customer service, and much more. To assist you in selecting a suitable broker for trading, we have compiled a list of the best-regulated forex brokers and the services they provide. Check out this article to learn about the greatest FX brokers on the planet.
CMC Markets
CMC Markets, a well-known forex broker in the United Kingdom, was founded in 1989 and has adapted successfully to the shifting brokerage scene. It is available to all types of traders, except those from the United States, and is listed on the London Stock Exchange under the ticker CMCX. CMC offers services at competitive rates in the business and ranks high on the list of best forex traders. It is suitable for both rookie and experienced traders.
It is regulated by the FCA in the United Kingdom and offers a wide range of features, with a focus on education and customer service. It provides cutting-edge research facilities as well as a high level of account security. The CMC markets, on the other hand, do not accept clients from the United States.
IG is the best option for US traders.
IG is a subsidiary of IG Group Holdings and the world’s first spread betting company, having been founded in 1974. IG accepts forex traders from the United States, unlike CMC marketplaces. With over 178000 global clients, IG has established itself as the market leader in online trading. It provides new traders with an innovative web trading platform as well as complete learning materials. It also offers comprehensive research tools and real-time stock data to make trading simple for users. It offers over 80 currency pairs to traders in the United States.
London Capital Group
The London Capital Group, which was founded in 1996, has kept its promise in the competitive online brokerage industry. With the launch of LCG Trader in 2016, the company underwent a rebranding. It provides the MT4 platform as well as a fully functional mobile app that allows customers to trade on their cellphones with ease.
Customer service is a priority for the organisation, and client accounts are well-protected. LCG, as one of the largest forex brokers in the UK, provides consumers with a wide range of asset classes to ensure a smooth trading experience. The firm has a strong reputation for excellent customer service, and its fees are competitive in the forex broking business. LGC is ideal for new traders because its functionality is simple and straightforward. It would be difficult to find a better broker for a beginner in forex trading than LCG.
Trade by Ava
Since its establishment in 2006, AvaTrade has provided traders with a wide range of trading tools that have aided them in their everyday trading.
Over time, this broker has established itself as one of the best forex brokers that most traders suggest. They primarily use tools such as DupliTrade, MQL5, and ZuluTrade to exchange copies.
If you are unfamiliar with the copying process, you can hire an expert to do it for you. You can therefore reproduce your commercial offerings for a monthly membership.
Online Trading XTB
XTB Online Trading is a global forex broker that is one of the largest and most well-known in the industry. XTB is regulated by a number of reputable organisations, including the Financial Conduct Authority, and is well-known for its high degree of security.
XTB is a trader’s right-hand man, with access to over 1,400 worldwide marketplaces such as commodities exchanges, cryptocurrency markets, and currency markets.
They have evolved into the greatest forex broker in the industry over the last 15 years. Their platforms are appealing to newbies to the world of trading because of their ease of use and top-notch execution speed.
FXTM Online Trading
FXTM stands for ForexTime, and it launched as a global CFD and Forex broker in 2011. The exchange, which is based in Cyprus and regulated by the Cyprus Securities and Exchange Commission, or CySEC, provides traders with a number of useful services.
Several other bodies around the world, such as the Financial Conduct Authority, regulate them as well. FXTM is a secure and low-risk Forex trading platform thanks to the high and stringent regulation imposed by premium firms.
Interactive Brokers
Professional Forex traders who require constant access to their accounts should seriously consider Interactive Brokers (IBKR). The firm is situated in the United States and operates under strict regulatory guidelines.
IBKR mobile, Interactive Brokers’ mobile app, has a number of features suited to forex traders. The programme features watch lists, mobile charts with 70 customizable indicators, notifications, and a currency calendar and is compatible with Android and iOS devices as well as tablets.
The Pepperstone Group, situated in Australia, has developed to become a major participant in the online brokerage landscape since its founding in 2010, producing a highly competitive and comprehensive trading site that focuses on currencies, equities, indices, commodities, raw materials, and even cryptocurrencies.
Pepperstone
Pepperstone offers direct market access, allowing clients to focus on the difficult process of successfully trading the markets. Pepperstone is a good choice for merchants who seek a reasonable set of low-cost options, a variety of interfaces and account kinds, and quick customer service.
Pepperstone has been crowned the best FX broker in 2020 by Investopedia. For professional Forex traders who require constant access to their accounts, Interactive Brokers (IBKR) should be seriously examined. The firm is situated in the United States and operates under strict regulatory guidelines.
Conclusion
For anyone looking to invest in foreign currencies, here are some of the finest forex brokers. They provide a lot of features that make online trading easy and convenient for users. To make payments on these sites, you’ll need a safe and dependable payment processor. For new and existing investors, choosing any of these brokers for forex trading can open up a world of incredible trading opportunities.
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