Forex Brokers

How to choose best Forex Broker

How to choose the best Forex broker ?

When it comes to find a secure Forex broker or a list of all the safe forex trading brokers, you should know one thing – that there are just so many brokers and it is difficult to choose one among them.
Although, its difficult, it not impossible to find a trustworthy and secure Forex broker to trade with.

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marketsRegulated by ‘CySEC’ and FSB. Most trusted broker.

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markets

Regulated by CySEC ,ASIC and FCA.
Risk warning :Your capital is at risk.

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InstaForexEU regulated. Ultra thin spread.

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InstaForexRegulated in Europe, Japan, Australia, South Africa

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Most important factors to look for while selecting a forex broker are :

 Regulation : It is always safe to choose a regulated broker. The older the Forex broker in the industry, the better. For example, a 7 years old regulated broker is definitely more trustworthy than a newly introduced regulated broker. The major regulators list about some non complying forex brokers on their website. Its advisable to look for the broker’s information at the regulators website . You can double check about the brokers at relevant regulator’s websites, they are  CySEC warnings page, FCA (UK), FINMA Switzerland etc.

Reputation: There are Forex brokers who have taken many years to earn their reputation in the Forex industry, and they do take every care to maintain their hard earned reputation and trust. Hence it is better to choose a reputed broker like MARKETS.COM , AVATRADE and AAAFX, rather than choosing a broker just for a Huge Bonus and getting yourself trapped in Bonus terms and conditions. Most of the reputed brokers are regulated with multiple regulating authorities to gain clients’ trust .

Trading Platform: A advanced and sophisticated trading platform may seem to be of less importance for the new traders. But it is actually of great importance. A sluggish and slow trading platform spoils all your trading appetite. rather a advanced lightening fast trading platform is liked by all traders. Reputed brokers offers  MT4, MT5 , iOS mobile , Android Mobile and Web trader platform free of any additional charges , which may be loaded with pre-built Expert Advisors (EAs) and Indicators.

Trading Features: The trading features offered by Forex brokers includes free subscriptions to trading signals and technical analysis  offered by leading analysis firms. Most competitive spread , some times brokers offer spread of fractional pips (0.5 pip) on most popular currency pairs like EUR/USD and GBP/USD.
Hence , it is worth avoiding non regulated brokers offering huge bonus deposits to avail really important offers given by regulated reputed Forex brokers.

Payment methods:
Regulated Forex brokers offer a wide range of payment methods. Deposit and withdrawal of funds should be equally easy for the clients. But some scam brokers make it quite difficult for the clients to withdraw money in the name of Bonus terms and conditions. Some brokers charge a certain amount for fund withdrawal.
But most reputed and regulated Forex brokers offer fund withdrawal for free with minimum delay.

Account verification :
You must check for the documents required for account verification before making any deposit. If you can fulfil the documents required by the broker then only you should proceed for fund deposit. The account verification is a regulatory requirement for the brokers to avoid money laundering and illegal funds being utilized for trading. Most reputed brokers are very co operative and have a dedicated compliance management team to assist you through the verification process.

Bonus: Bonus is the worst thing Forex brokers use to attract Forex traders. By availing the Bonus the clients get themselves trapped into the Bonus terms and conditions, they have to achieve impracticable huge trading volume to be eligible to withdraw their own fund. Recently Cyprus Securities and Exchange Commission (CySEC) and European Securities Markets Authority (ESMA) have issued circulars prohibiting Bonus deposits in clients account by Forex and Binary Options brokers. Our final words of warning ” AVOID BONUS” , to be a happy Forex trader.

Customer support: Knowledgeable, polite and caring customer support team is also important while choosing best forex broker. The customer support is the direct link between the trader and the broker. You may look for customer support of your local language ,although all brokers provide support in English. The brokers provide Chat, Free telephonic and E-mail support to all the clients.
Some exceptional brokers provide one to one education to the beginners for free which comprises of few hours of tutorial.

PLUS500 Review

Plus500

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 RISK WARNING:  ' Your capital is at a risk '

Overview PLUS500.COM

PLUS500 is the leading brand offering trading services in Shares, Indices, Commodities, Forex, Options and ETFs through its CFD service. PLUS500 operates with highest standards set by well known regulatory bodies like FCA , ASIC and CySEC. Enjoy significantly low spread while trading Forex with PLUS500 as compared to competitors. It has become one of the most searched Forex and CFD trading brand on Google in 2016.

Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Plus500CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).
Plus500AU Pty Ltd, AFSL #417727 issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents. You do not own or have any rights to the underlying assets. Please consider the Disclosure documents available on PLUS500 website. 

 

+500

  PLUS500 REVIEW
Website URL www.plus500.com
Established year 2008
Head Quarter / Office Plus500CY Ltd, 1 Siafi Street , 3042 Limassol
Support Types Live Chat, Call back, Email
Language English, Russian, Spanish, Portuguese, Indonesian, Turkish, Italian, Arabic and other languages too.
Minimum Deposit Depends on account type
Minimum Trade Size 0.01 Lot
Bonus Amount

$30 No deposit Bonus,Bonus terms apply.

Spread Ultra low spread is specialty of Plus500
Demo Account Yes.Open Unlimited Demo account now.
Regulated Yes
Regulated by CySEC, ASIC, FCA
Deposit Methods Bankcards, Visa, Master, Webmoney, Skrill, Bank Transfer and Wire Transfer
Number of Assets More than 2000 assets including Forex pairs, Indices, Stocks.
Countries allowed Traders accepted from most of the countries with support in local language.
Mobile Traders Yes.
Trading platforms Plus500 Platform, iOS and Android trading platform.
Withdrawal Fast withdrawal processing after account verification.
Overall Score Most preferred CFD broker recommended for traders.

PLUS500 is the prestigious Forex trading brand regulated in Cyprus, Australia and UK. It offers trading services in Shares, Indices, Commodities, Forex, Options and ETFs through its CFD service. PLUS500 operates with highest standards set by well known regulatory bodies like FCA , ASIC and CySEC.

Pros :

  • Advanced platforms include iOS , Android, Windows phone app , Web trader and Windows10 application.
  • Very low competitive spread on most of the Forex pairs.
  • Very fast deposit and withdrawal processing .
  • Regulated by CySEC , ASIC and FCA
  • Free unlimited demo account gives you unlimited practice.
  • Excellent support in multiple languages.

+500

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AVA Trade review

avatrade logo

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Overview AvaTrade

AvaTrade.com is a licensed and regulated investment firm with established customer base for over 10 years. It is authorized by many stringent regulating authorities in Europe , Australia , Japan and South Africa. AvaTrade offers its specialized platform for online trading of Forex and CFDs for commodities, stocks, ETFs, bonds and indices.

With AvaTrade , you are assured of trading with a reliable and established broker in an officially regulated environment.

  AVATRADE REVIEW
Website URL www.avatrade.com
Established year 2006
Head Quarter AvaTrade Financial Centre
Five Lamps Place
Amiens Street
Dublin 1
Ireland
Support Types Live Chat, Call back, Email, Phone and Skype
Language English, Russian, Spanish, Portuguese, Indonesian, Turkish, Italian, Arabic and other languages too.
Minimum Deposit $100
Minimum Trade Size 0.01 Lot
Bonus Amount

Up to 30% ,Bonus terms apply.

Spread starting from 0.8 pip
Demo Account Yes.Open Unlimited Demo account now.
Regulated Yes
Regulated by MiFID , ASIC, Japan, British Virgin Islands
Deposit Methods Bankcards, Visa, Master, Webmoney, Skrill, Neteller, Bank Transfer and Wire Transfer
Number of Assets More than 300 assets including 50 + Forex pairs, Indices, Stocks.
Countries allowed Traders are allowed from most of the countries.
Mobile Traders Yes.
Trading platforms MT4, iOS and Android trading platform.
Withdrawal Best in industry. same day withdrawal processing.
Overall Score Best Forex broker regulated in Australia, Europe and Japan.

AvaTrader has been offering its clients its service since more than 10 years and earned the trust of millions of clients all over the world. Being regulated by MiFID (Europe), ASIC (Australia),  Financial Services Agency - the Financial Futures Association of Japan and British Virgin Islands Financial Services Commission , makes it extremely reliable to trust with your trading requirements.

Pros :

  • advanced trading platforms including with web trading to trade from your browser.
  • Trustworthy broker , regulated in Europe, Japan, Australia.
  • Regulated by MiFID, ASIC
  • Free demo account which does not expire. You can practice as long as you want.
  • Minimum deposit of just 100$ .
  • Excellent support in multiple languages.

 

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AAAFX review

 

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Overview AAAFX

AAAFX is a leading Forex broker presenting its exclusive , modern, advanced  and most user friendly trading platform to the world. It has exclusive arrangements with Zulutrade for implementing auto trading facility for free by following successful traders. AAAFX  has its head quarter in Athens , Greece and regulated by European authority MiFID.

I appreciate this broker because of its ultra thin spreads. The lowest spread of 0.2 pips for EUR/USD and other major pairs is biggest advantage for Forex scalping , where trader enters the market and exits quickly with a small profit.

  AAAFX.COM REVIEW
Website URL www.aaafx.com
Established year 2008
Head Quarter AAAFX is head quartered in Athens, Greece .
Support Types Live Chat, Call back, Email, Phone and Skype
Language English, Russian, Spanish, Portuguese, Indonesian, Turkish, Italian, Arabic and other languages too.
Minimum Deposit $100
Minimum Trade Size 0.01 Lot
Bonus Amount

Up to 30 %,Bonus terms apply.

Spread Starting from 0.2 pip for EUR/USD. You save on every trade with ULTRA THIN spread.
Demo Account Yes.Open Unlimited Demo account now.
Regulated Yes
Regulated by AAAFx is regulated in Europe, MiFID registration no. 2/540/17.2.2010.
Deposit Methods Bankcards, Visa, Master, Webmoney, Skrill, Neteller, Bank Transfer and Wire Transfer
Number of Assets More than 250 assets including Forex pairs, Indices, Stocks.
Countries allowed Traders are allowed from all countries except Japan, Canada, Belgium and USA.
Mobile Traders Yes.
Trading platforms MT4, iOS and Android trading platform.
Withdrawal Best in industry. 1 day withdrawal processing.
Overall Score 98 %. Best Forex broker recommended for traders.

AAAFX has been in the industry for more than 5 years , having most of the clients from European Union . Being regulated by MiFID has earned a lot of trust from traders all over the world. No other broker can match its spread on most of the Forex pairs, 0.2 pips being the spread on EUR/USD. The lowest spread makes it choice of many professional Forex traders.

Pros :

  • Lowest spread, starting from 0.2 pips
  • Exclusive arrangement with Zulutrades to follow professional traders and copy their trades in your account.
  • Regulated by MiFID in European Union.
  • Free Demo account.
  • Minimum deposit of just 100$ .
  • Excellent support in over 10 languages.


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Trade360 review

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Overview TRADE360

Trade360 is governed by the strict professional and ethical standards set  CySEC and MiFID. It means that CySEC and MiFID constantly oversee and audit Trade360 financial actvities.Trade360 always ensure to conduct business and customer relations according to the strictest guidelines set by CySEC and MiFID.

Most unique feature of Trade360 is its CrowdTrading. The Live Feed in CrowdTrading shows hot new trends just as they’re starting, as well as how many people are buying and selling an asset right now. These trends can be great money-making opportunities if analysed properly.

  TRADE360.COM REVIEW
Website URL www.trade360.com
Established year 2013
Head Quarter 116 Gladstonos Str., Michael Kyprianou House, 3rd and 4th floor, 3032, Limassol, Cyprus.
Support Types Live Chat, Call back, Email, Phone and Skype
Language English, Russian, Spanish, Portuguese, Indonesian, Turkish, Italian, Arabic and other languages too.
Minimum Deposit $100
Minimum Trade Size 0.01 Lot
Bonus Amount

$50 No deposit Bonus, Up to 40% Bonus,Bonus terms apply.

Spread starting from 1.8 pip
Demo Account Yes.Open Unlimited Demo account now.
Regulated Yes
Regulated by CySec and MiFID
Deposit Methods Bankcards, Visa, Master, Webmoney, Skrill, Neteller, Bank Transfer and Wire Transfer
Number of Assets More than 300 assets including Forex pairs, Indices, Stocks.
Countries allowed Traders are allowed from all countries except United States, Australia, New Zealand, Canada, Iran, N.Korea, Algeria, Myanmar and Cyprus.
Mobile Traders Yes.
Trading platforms MT4, iOS and Android trading platform.
Withdrawal Fast account verification and quick fund withdrawal processing.
Overall Score Most preferred Forex broker with CySEC and MiFID authorized.

Trade360 is governed by the strict professional and ethical standards set  CySEC and MiFID. It means that CySEC and MiFID constantly oversee and audit Trade360 financial activities. Trade360 is trusted by professional traders since it is regulated  set by most recognized regulating bodies in Europe CySEC and MiFID.

Most unique feature of Trade360 is its CrowdTrading. By using CrowdTrading, you can have in idea about what majority of the traders are doing.

Pros :

  •  Advanced trading platform.
  • Very fast account verification and friendly support.
  • Regulated by CySec and MiFID
  • Free Demo account and signal services.
  • Minimum deposit of just 100$ .
  • Excellent support in multiple languages.

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Markets.com Review

Overview MARKETS.COM

MARKETS.COM is operated by Safecap, a subsidiary of Playtech PLC which is listed in London Stock Exchange and constituent of the FTSE 250 Index.
Markets.com is authorsied to conduct its activities by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license no. 092/08 and is also authorised by the Financial Services Board (‘FSB’) in South Africa as an Authorised Financial Services Provider under license no. 43906.

Markets.com offers trading opportunity of over 300 trading assets including stock, indices, currency and commodity CFDs with zero commission. They also offer their top notch trading platforms for PC , mobile or web. Offers industry's best support in 20 languages for 24/5 .

  MARKETS.COM REVIEW
Website URL www.markets.com
Established year 2008
Head Quarter 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, Nicosia, Cyprus.
Support Types Live Chat, Call back, Email, Phone and Skype
Language English, Russian, Spanish, Portuguese, Indonesian, Turkish, Italian, Arabic and other languages too.
Minimum Deposit $100
Minimum Trade Size 0.01 Lot
Spread starting from 0.7 pip
Demo Account Yes.Open Unlimited Demo account now.
Regulated Yes
Regulated by CySec and FSB
Deposit Methods Bankcards, Visa, Master, Webmoney, Skrill, Neteller, Bank Transfer and Wire Transfer
Number of Assets More than 300 assets including Forex pairs, Indices, Stocks.
Countries allowed Traders are allowed from all countries except Japan, Canada, Belgium and USA.
Mobile Traders Yes.
Trading platforms MT4, iOS and Android trading platform.
Withdrawal Best in industry. 1 day withdrawal processing.
Overall Score 98 %. Best Forex broker recommended for traders.

Pros :

  • Most advanced platform comprising of blazing fast MT4 , iOS and Android platforms.
  • Sophisticated web trading on your browser too.
  • Very fast deposit and withdrawal processing compared to other brokers.
  • Regulated by CySEC and FSB.
  • Free unlimited demo account gives you unlimited practice.
  • Minimum deposit of just 100$ .
  • Excellent support in multiple languages.

MARKETS.COM is one of the best regulated Forex broker who has earned trust of millions of traders over a decade. It is regulated / authorized by CySEC and  FSB . It has got the best in the industry customer service and a wide range of payment methods and same day fund withdrawal processing for clients.


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Why regulated Forex brokers ?

Why should you choose regulated Forex Brokers ?

The Forex brokers must be regulated by some government regulatory bodies so that they can be held accountable for their activities. The regulated Forex broker means

  • You can trust them with your money.
  • Your payments and deposits are processed in a secured environment.
  • Your trades are carried out in a transparent way while maintaining the transaction history available for verification.
  • All the trades are executed with agreed upon spread on the underlying asset (currency pair).
  • All the trades and activities carried out by the broker is governed by the regulating authority and the broker has to comply with all the regulations.
Forex BrokerSpecial FeatureReviewVisit Site
marketsRegulated by ‘CySEC’ and FSB. Most trusted broker.

Check review

Visit-site

markets

Regulated by CySEC ,ASIC and FCA.
Risk warning :Your capital is at risk.

Check review

Visit-site


InstaForexEU regulated. Ultra thin spread.

Check review

Visit-site
InstaForexRegulated in Europe, Japan, Australia, South Africa

Check review

Visit-site

Most of the reputed Forex brokers are usually regulated in one or more country. Some regulating bodies are

  • UK’s regulatory body, the FCA (Financial Conduct Authority)
  • CySEC Cyprus Securities and Exchange Commission.
  • Australian Securities and Investments Commission (ASIC) Australia
  • Swiss Financial Market Supervisory Authority FINMA. Switzerland

Forex Brokers on the register of the above regulators comply with their code of conduct and are therefore guaranteed to be secure and trustworthy. These regulators allow the best Forex brokers on their list and therefore all these brokers have the highest quality banking systems, thorough audits, and accurate financial reports.

The European and UK Forex brokers are trusted all over the world and accepts investors from almost all countries except few. You must double check with the brokers before opening an account.

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