Tuesday, April 25, 2017

WORLD'S BEST FOREX BROKERS REVIEWS

 

FX LEADERS RECOMMENDED FOREX BROKERS FOR 2017

Before going over our updated list of recommended forex brokers for 2017, here are a few steps to assist you in choosing the right forex broker for you.

In the past decade, online forex trading has become increasingly popular worldwide. It´s a relatively new industry, but the number of forex service providers or forex brokers are considerable, which enables anyone to access the markets. Most forex brokers offer great services, but traders must make sure the broker they chose offers what they need.

The first thing to check when reviewing a forex broker is if they are regulated by a reliable financial authority. Then, check the execution and slippage so trading doesn't turn into a nightmare. Trading costs (spreads) are also important when considering withdrawals, trading platforms and customer support. Going over these steps should make it easy for you to find the forex broker that best suits your trading needs.

Trading Partner
The most popular trading platform for novice traders! With 4 different trading platforms for a vast range of levels, Markets.com meet the requirements of all types of traders. Also, Markets provide advanced auto-trading services! Markets.com are known for their superb service and support (always available to advice on various subjects).
FX Broker Ratings
 
18% of traders chose this broker
Tallinex focuses on risk mitigation, leading to develop proprietary trading technologies. All Tallinex trades are transmitted swiftly and reliably to the world's largest banks through a PrimeXM FX bridge to Integral's FX Grid system, which is optimized for Forex trading. Our clients can therefore benefit from better ECN/STP technology and confidently trade the Forex markets through Tallinex.
Read more about Tallinex
There are many reasons why AvaTrade have more than 250,000 customers worldwide as of 2015, and the main ones are the highest trading standards; multi-lingual customer services; a variety of top quality trading platforms; consistent innovation; and an excellent reputation. AVA also offer attractive promotions on an ongoing basis.
Trade.com is a leading forex and CFD broker, providing traders of all levels – beginners or experienced – with a cutting-edge trading platform to suit their needs, enabling high-level trading of over 200 stock, commodity, currency and CFDs. Experienced traders will find the platform provides all the options and risk-management tools they need to optimize their strategies, while beginners will benefit from helpful training and support, and a real-time practice account.
FX Broker Ratings
 
21% of traders chose this broker
HYCM is an international conglomerate with over 40 years of trading experience. They provide a flexible and easily accessible platform to obtain training tools, learn about commodities, and make successful trades. HYCM's accomplishments and mesmerizing analytics has earned them their prestigious reputation that is known around the world. All one needs to do is follow three simple steps to start trading with this all star company.
FX Broker Ratings
 
21% of traders chose this broker
There are many reasons why AvaTrade have more than 250,000 customers worldwide as of 2015, and the main ones are the highest trading standards; multi-lingual customer services; a variety of top quality trading platforms; consistent innovation; and an excellent reputation. AVA also offer attractive promotions on an ongoing basis.
FX Broker Ratings
 
11% of traders chose this broker
The ideal trading platform for beginners as well as experienced traders! With over 1.5 million users eToro is one of the largest investment networks in 2015. Join eToro's revolutionary social trading platform, OpenBook, which Allows traders to see, follow and copy the most profitable traders.
FX Broker Ratings
 
12% of traders chose this broker
ITRADER is a leading broker that specializes in forex and CFD trading
We got a firm perception of ITRADER being a well established broker without any noticeable shortcomings.
FX Broker Ratings
 
19% of traders chose this broker
ETX Capital is a global provider of cutting-edge innovative technology giving their customers access to competitive pricing of over 6000 markets supported by their award winning customer service teams. Their customer orientated approach is the guiding principle behind all of ETX Capital business operations, from the technical operations, Sales, and of course, its Customer service.
FX Broker Ratings
 
3% of traders chose this broker
Within the world of Forex, XM.COM is a market leader. Trading with XM.COM, there is no minimum deposit requirement. This is excellent for beginners who want to start trying on low volumes and minimal initial investment. XM.COM is by far one of the most client-friendly Forex brokers after comparing Forex brokers in 2015.
FX Broker Ratings
 
10% of traders chose this broker
Tallinex focuses on risk mitigation, leading to develop proprietary trading technologies. All Tallinex trades are transmitted swiftly and reliably to the world's largest banks through a PrimeXM FX bridge to Integral's FX Grid system, which is optimized for Forex trading. Our clients can therefore benefit from better ECN/STP technology and confidently trade the Forex markets through Tallinex.
Read more about Tallinex
FX Broker Ratings
 
2% of traders chose this broker
Since 2010 24option has been leading the rapid paced growth of the binary options industry. Based in London, 24option offer the largest payouts and highest maximum profits per option trades in 2015. 24option has taken care of ease of use in every aspect of the platform. Registering, funding your account and trading are quick and easy.
Plus500 is one of the most client-friendly brokers around, and is one of the leading online "Dealing Desk" brokerages in the world, offering every kind of trading: stocks, commodities, indices, currencies and more. Plus500 platform is simply the best for online traders (advanced and beginners)! They also offer very low spreads across some of the majors in Forex brokers comparison.
Focused on consumer products, Easy-Markets develops customized trading platforms and technology based tools. Easy-Markets provides web, desktop and mobile platforms for trading FX, commodities and futures. As the most veteran company in our 'Most Recommended Forex Brokers List for 2015', Easy-Markets truly is a market leader.
Ever since FXTM was established in 2011, it continually innovates its core, by enlisting client-centric products and services in an entirely transparent way that justifies its position in the forex market and trading environment. With an impressive brokerage offering over 25 languages, and seminars at the local level by industry experts all in most regions, FXTM is sure to secure your trust. It is regulated in many jurisdictions and there is little reason to doubt its security.
FX Broker Ratings
 
19% of traders chose this broker
Tradeo.com is one of the most popular brokers in the Social Trading industry, creating a very innovative platform for investors available in the market. Traders can trade over 200 assets, including stocks, commodities, Forex, options, CFDs and Indices. Founded in 2012 by a team of inancial experts, Tradeo has been growing, focusing on creating many unique tools for its users.
 
Interested in Forex? Need to choose between the hundreds of Forex brokers out there? Have no fear! The Definitive Guide to Forex Brokers is here to present you with the most comprehensive overview of what Forex brokers are about and what they can do for you

CHOOSING A FOREX BROKER

The most important thing for a forex trader is broker security. There's no peace of mind when you feel that your forex broker is dishonest; you won't be able to trade logically because the results will not depend on you, no matter how good a trader you are. So choosing a forex broker that is licensed and registered makes a difference. Some of the most reliable financial regulation groups are FSA (UK), CFTC (US), FINMA (Switzerland) and BaFin (Germany).

Of course, you have to find a forex broker which suits your trading style. If you are a scalper or use a scalping strategy and your broker does not allow scalping or discourages playing with all sorts of tricks, you can't trade with them regardless of how reliable they are in other aspects. Every forex trader has his own trading style, so there's no single rule to follow. The only advice we can give is to try your strategy with them for a while and if their services match your need, go with them!

 

Forex Trading Platforms

Trading platforms are also important. We used the Metatrader 4 or Metatrader 5 platforms at some point during our trading years and almost all forex brokers offer it. However, if you want more, there are plenty of brokers who offer their own trading platforms. Some of the platforms are confusing but some are surprisingly good. I won't mention them all though you should check out our new featured forex brokers list above and read about their trading platforms.

Costs are very important to anyone, as a result, spreads must be as small as possible in order for a forex broker to be considered a good, especially if you like to trade short term signals. In addition, there are other fees, such as deposit/withdrawal fees, dormant account charges, etc. Pay attention to dormant account penalties as well. Make sure to check all types of fees before opening an account with any broker.   

A trader must also test the broker's customer support. Sometime, a small issue can turn into a big nightmare if the customer support is not helpful. Other features which may be appealing are bonuses, rebates, promotions, trainings and webinars. They're not extremely important, in my opinion, but might be very appealing to others. You should take them into account if they are important to you.

 

Guide to Choosing a Forex Broker

  1. Security – Check if and where the broker is registered and licensed.
  2. Trading Style – Pick a broker that suits your forex trading style.
  3. Trading Platforms – Most forex brokers offer Metatrader 4 or Metatrader 5 for free, but there are plenty with their own customized platforms. Have a look around to see what's best for you.
  4. Costs – Find out for what and how much you are paying. I generally ask the customer support about spreads and other fees if I can´t find all the information on the website.
  5. Customer Support – Customer support is imperative when choosing a forex broker.
  6. Extras – Bonuses, promotions, rebates, webinars, etc.
 
How to Avoid Choosing the Wrong Broker
We all would like to get the best things in life, and with all the fancy platforms, websites, and other promotions it is easy to be lured into choosing the wrong forex broker. For this reason it's important to trust your intuition and common sense, particularly when choosing a forex broker. If a forex broker looks too good to be true, then it's likely that he's no the forex broker for you.
 
However, it is easy to misjudge, so it helps to talk to other people who have been in the forex industry when trying to pick a forex broker with which to trade. Forex broker reviews help and there are many websites which offer forex broker reviews. We also have our own forex broker review section. Besides the reviews, the feedback websites offer a lot of information. 
 
Nonetheless, this information should always be taken with a pinch of salt. Firstly, because competition in the industry has pushed some dodgy brokers to misuse broker feedback websites, leaving a positive feedback for themselves while posting awful comments for their competitors.
 
Therefore, you can't necessarily trust what you are reading. For this reason it is important to check a lot of feedback before choosing a forex broker. The other reason is the some traders blame the forex broker for their own trading mistakes and write reviews explaining this. 
 
We've experienced this firsthand, even though we only offer advice (forex signals and analysis). You should conduct a thorough evaluation of all these factors in order to find a reliable forex broker and avoid choosing the wrong broker

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