There are a few factors to look for when selecting the top forex brokers in the world. For example, you should choose a broker that supports the payment methods you need. Some brokers charge extra for this, so it is worth checking the fee structure before signing up. You also want to choose a regulated broker for your protection. The best forex brokers in the UK are typically regulated by the Financial Conduct Authority, while other bodies may regulate brokers in other countries.
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XTB
XTB is a broker that focuses on user-friendly features. They offer customizable trading charts, economic calendars, and risk management tools such as stop-loss orders. They also offer a wide range of assets and are regulated by top financial authorities. Their user testimonials are numerous, and they have transparent financial statements.
Their client money is kept in segregated bank accounts. This way, they ensure that the money is not mixed with the broker’s funds. Additionally, XTB uses biometrics to verify account security. Therefore, you will need a strong password containing lower and upper case letters,, numbers, and characters.
Saxo Bank
If you’re starting forex trading and looking for a broker that provides quality educational material, look no further than Saxo Bank. Its extensive research library offers a wide range of in-house content and third-party research. In addition, its Market Analysis section publishes daily updates.
SaxoBank is a leading Danish broker with a diverse portfolio of trading assets. It offers innovative trading platforms and extensive assistance to traders and investors. You don’t need to be a professional to open an account with SaxoBank, but you should know that the minimum deposit to activate an account is $10,000.
IC Markets
IC Markets is a popular forex trading platform that offers a wide selection of currency pairs, commodities, and indices. Its spreads are reasonably tight, and its commissions are low. It also supports a high level of leverage, with up to 500:1 available. The platform also supports a variety of payment methods, including credit and debit cards.
IC Markets offers several tools and services for its traders, including an Economic Calendar and Market Analysis Blog. The company also offers a partner program. Its customer support is excellent and is available around the clock. The company also offers technical and platform optimization.
FP Markets
FP Markets offers excellent customer support service with knowledgeable staff members who are readily available 24 hours a day, five days a week. They can be reached through email, live chat, or by telephone. In addition, they offer support in several languages.
The company offers a diverse range of currency pairs and 63+ instruments, including a wide range of CFD instruments. Additionally, it features a commission-based pricing model and a proprietary CrowdTrading platform.
eToro
eToro is a reputable, established broker with a large user base. It is licensed in several top jurisdictions and is regularly audited. It has more than 15 million registered users in over 170 countries and is soon going public on the NASDAQ. However, it lacks some essential services, such as email support. Customers are required to submit support tickets via the interface and wait for replies. While this is less than ideal, eToro’s customer service is adequate for basic inquiries.
eToro’s flagship service, Copy Trading, allows traders to follow specific traders and monitor their performance. This service also provides helpful statistics, news feed comments, and a detailed profile description for each trader. The Copy Trading service also fosters a community and encourages traders to interact with each other.
Pepperstone
Pepperstone is known for its low trading costs and wide range of trading instruments. Retail clients can trade with minimum lot sizes of 0.01 lots and leverage up to 30:1. The base currencies available are GBP, EUR, and USD. Traders can choose from two types of accounts, Razor and Standard, and can also use expert advisors and scalping. Standard accounts have zero commission and institutional spreads.
Pepperstone’s platform is easy to use and offers a variety of analytical tools. It provides real-time news feeds, market commentary, and technical analysis indicators. It also offers VPS hosting for clients to ensure uninterrupted trading. The firm offers two types of trading accounts, the standard, and VIP, and replenishments of currencies are available in many different currencies. The minimum order size is 0.01 lot, and the minimum trading capital is $200.
