The Forex market is the largest & the most liquid financial market in the world. The reason why the Forex market as attracted many traders and investors, who are seeking to get a profit from the currency exchange while the rate is fluctuating . As more and more people are engaging & trading the Forex currencies, there are many websites or the Forex brokers in the world which are very famous. So in this article we will tell you about the top 10 best Forex brokers in the world.
We have chosen these 10 Forex brokers on the basis of regulations, the trading platforms, customer support, fees and wide range of instruments.
1)- IG Group:
Number one on the list is IG Group. The IG Group is one of the best Forex broker, which is well known for their wide range of instruments to trade in. They offer trading in Foreign Exchange, Indices, Commodities, Crypto Currencies and Stock Market. The main and the best thing about the IG Group is that, their user interface is good and their platform is very user friendly.
2)- Saxo Bank:
Saxo bank is on the 2nd number of our list. They are known for providing the top notch training technologies with wide range of product offerings. Saxo bank is very famous all around the world and they have a strong global presence. These bank offers the traders who paid in various instruments like Foreign Exchange Market, the Stock Market, Bonds and much more. They offer their services to both retail and institutional investors or traders.
3)- Interactive Brokers:
Another very famous foreign exchange broker in the world is the Interactive Brokers. The Interactive Brokers is a widely respected broker firm which offers low cost trading and advance features to their users. They also allow the traders to trade in various global markets which makes it the best and the most loved forex platform amongst the experienced traders.
Forex.com is a subsidiary company of Gain Capital. The Forex.com offers a user friendly interface which also provide a wide range of educational resources for traders who are trading for the first time or who are beginner and want to learn about foreign exchange trading.
5)- TD Ameritrade (thinkorswim):
This platform is on the 5th number of our list. They offer various advanced tools like Charting Tools, the Technical Lessons and the Educational Content for beginners or new taders. Their interface is also very user friendly. This makes it easier for people to trade no matter if they are new or expert or experienced.
6)- XM Group:
XM Group is another best trading platforms which focus more on the user friendly and the customer centric approach. Their platform is very easy to use which makes it another best trading platform of foreign exchange.
Pepperstone is known for its trade execution and the competitive pricing. They have also made their name by providing the user friendly interface. This platform is loves by both beginners and experienced traders.
The Avatrade is known for its user friendly platform. They also offers wide range of trading educational resources. The features Avatrade offers are also great, their techincal analysis, charting tool and other features makes them famous againts the beginners and the advance level traders.
9)- FXTM (ForexTime):
FXTM is the 9th platform on our list. They also offers great features like charting tools the technical lessons and the educational content for beginners. They offer 2 kind of accpunt types, number 1 is the ECN account and number 2 is Standard Account.
The FX Pro is another trading platform for foreign exchange which is known for its transparent pricing and advancement of the features the effects prob broker offers a wide range of foreign exchange payers and other instruments they are technical analysis and other charting tools are very appealing which helps the graders to make a trade strategy while they are in the market.
There are certain Key Considerations which one should keep in their minds:
Regulation: You must have to make sure that the broker you are choosing comes from the reputable authority and they have been regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investment Commission (ASIC) or Commodity Futures Trading Commission which is also known as the CFTC.
Trading Platforms: You should also keep in mind that the trading platform you are choosing should be user friendly and must offer you some advance features like real time data, the Customer Option and some educational resources if you are a beginner.
Customer Support: Make sure to choose the broker which offers the best customer supports to you. Most of the broker which we have pointed on our list offers 24 by 7 customer support to their users. Also if you have any queries regarding the technicality of the app you can also confirm with the customer support.
Trading Instruments: You also have to make sure that your broker is providing you a wide range of trading instruments, which includes the pairs of foreign exchange currencies and other technical support, that will help you to make informed decision file trading in the foreign exchange market.
So In a nutshell if we talk about the selecting the broker, then you should select a reliable broker which offers the best customer support. Make sure that the trading platforms you are choosing should be user friendly and straightforward. You should also keep in mind that all of these platforms must be regulated by the Financial Conduct Authority (FCA), Australian security and Investment Commission or the Community Future Commission.
We have shared the article for information purpose you should also make sure that you are using your strategies and investing the money you can afford. As we have shared the article for the purpose of sharing the information, we are not responsible for any kind of profit or loss that will occur to you while trading in the foreign exchange market.