Forex brokers serve as connections between prospective buyers and sellers of foreign currencies and there are thousands online from which to choose. If one person wants to sell EruUsd and another person wants to buy EurUsd, then online Fx brokers locates and connects the two parties and receives a commission for doing so. There are different types of online Forex brokerages in the foreign exchange market and the experts at ForexSQ provide the best Forex broker reviews for your consideration in choosing the good one for your particular investment interests. At ForexSQ, you can open a free demo trading account with a FX broker to learn trading on your own or arrange to have your trading accounts handled by a professional who manages forex accounts daily. At ForexSQ, we will help you to choose top Forex brokers and make money online from home, Some of brokers below also provide buy or sell cryptocurrencies like Bitcoin.
Best Forex Brokers In UK, South Africa, Europe, Asia
Plus500 was established in 2008 as an online international trading platform that is popularly used in Asia, Europe and Australia and elsewhere in the world.
eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom.
Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering Forex trading along with CFD’s. The MT4, MetaTrader5 and cTrader online trading platforms are available.
HYCM previously known as HY Markets broker is headquartered in London and is authorized and regulated by the Financial Conduct Authority of the United Kingdom.
City Index was founded in the UK in 1983 and now enjoys a global footprint that includes the US, Singapore, China, Poland and Australia.
Markets.com maintains its headquarters in Cyprus, UK and is an investment services firm that is operated by Safecap Investments Limited (Safecap), which was founded in 2006 and is a subsidiary of Playtec PLC.
AvaTrade was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI, as well as Australia, Japan and South Africa.
ETX Capital is a broker that was established in 2002 and is headquartered in London, England.
The XM.com forex broker was established in 2009 in the Republic of Cyprus using the name Trading Point of Financial Instruments Ltd. The broker is regulated by CySEC as well as the UK’s Financial Services Authority (FCA).
Alpari Ltd was created in Russia in 1998 but moved its headquarters to the UK, Alpari UK has merged with Alpari Global and is regulated by FCA in United Kingdom.
FXTM is an acronym for ForexTime.com, which is a new platform to the world of forex investing, The FXTM forex broker is owned and operated by its holding company FT Global Services Ltd and is based in Cyprus, Belize and Europe’s trading capital of London, UK.
CMC Markets is licensed and regulated by the Financial Conduct Authority of the United Kingdom (FCA), one of the strictest regulatory agencies in the world.
IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders.
The easyMarkets broker is the result of the re-branding of “easy forex“, the name under which this broker was established in 2003. The easyMarkets firm is headquartered in Limassol Cyprus and maintains satellite offices in London UK, Sydney Australia and Warsaw Poland.
Trading 212 is a London forex company with free trading apps, enabling anyone to trade equities, cryptos, currencies, commodities and CFDS.
XTB Forex broker was established, and is a CFD and Forex broker with its headquarters in London. It is regulated and authorised by the FCA.
ActivTrades is a UK-based online broker providing trading in Forex, Contracts for Difference (CFDs), and Spread Betting. It provides services to retail and institutional traders via the electronic trading platforms ActivTrader,MetaTrader 4 and MetaTrader 5.
FxStay is operated by professional money managers team, Their team of international hedge fund managers and traders have been trading in the online foreign exchange (fx) market since 2008. Their team are available to help you learn fx trading on your own or rely on the assistance of experienced investors with a VIP managed Forex account for use in Fx market, stocks, bonds, oil, metals, CFDs, real estate, binary options and startup investments.
Best Forex Broker In Australia
Pepperstone broker is founded in Australia, Melbourne and has offices in USA, Dallas and China, Shanghai. Pepperstone is one of top Australian online retail foreign exchange broker specializing in FX trading.
IC Markets is an Australian-based online ECN forex broker firm. The company constitutes one of the biggest online retail foreign exchange brokers. IC Markets specializes in the forex, CFD and equity markets in Asia and Europe.
Vantage FX is a creative Australian monetary administrations supplier that endeavors to offer the best in online Forex trading. Vantage FX is controlled by the Australian Securities and Investments Commission (ASIC).
AxiCorp is the parent organisation of the AxiTrader, AxiPrime and AxiSelect brands. AxiTrader is the company’s flagship business as an online retail foreign exchange broker. AxiPrime is a prime brokerage for high volume traders. AxiSelect is an incubation and professional development program for individual traders.
Top Forex Bank In Denmark
Saxo Bank is a Danish investment bank. It was founded as a brokerage firm in 1992. Saxo bank offers trading through its online platform SaxoTrader in Forex, stocks, CFDs, futures, funds, bonds and futures spreads.
Best Forex Banks in Swiss
Dukascopy Bank SA is known for its transparency in its Swiss SWFX market place. In June 2011, the product is officially referenced on Dukascopy Bank‘s official web site.
Swissquote Group Holding SA is a Swiss banking group specializing in the provision of online financial and trading services.
U.S. Top Forex Brokers
Interactive Brokers LLC is an ECN platform, Its the largest U.S. FX company by number of daily average revenue trades.
The TD Ameritrade is a broker with many branches in US and UK, TDAmeritrade provides forex and stock trading.
The Forex.com broker Owned by parent company GAIN Capital . Operating since 1999, FOREX.com was a first mover in bringing currency markets to the retail trader. The company provides market access and trade execution services in foreign exchange, contracts for differences and exchange-based products to retail investors.
Forex Capital Markets, better known as FXCM, is an online Foreign exchange market broker based in the United States.
Oanda broker is a Canadian-based Forex company providing currency conversion, online retail foreign exchange trading (fx), online foreign currency transfers, and Forex information.
Choosing The Best Fx Broker
Before choosing a Fx broker to assist you and in order to make money as quickly as possible in online trading, you should determine which Fx broker is the best one in the market in which you want to trade and who matches your particular trading tendencies. In determining which forex broker to choose, consider the following information regarding Fx brokers.
It is extremely important when trading foreign currency that you choose currencies from countries in which financial trading is monitored by a regulatory agency of that country’s government. When choosing a forex broker, make sure you get one who is based in a country where financial markets are overseen by a regulatory agency and be aware of forex ads, just be sure that the brokers regulated in your country.
Another important thing to consider is the diversity in trading platforms of the online Forex broker you’re considering. It is also very important to make sure that the broker’s trading platform doesn’t frequently crash or freeze, especially in response to global economic events, a time in which traders need the most stability. Currently the most popular trading platforms is MT4 and MT5.
Another important thing to consider when choosing a Forex broker is the quality of their support services. Online trading is conducted 24 hours a day every day and Forex brokerage support services should likewise be available at any time on any day. Also consider what medium the broker’s support services use…is support conducted through email or can you chat online or speak by phone to a live person and, most importantly, do they offer support in your language?
Fees or Commissions
The three different commission structures used by online Forex brokers are
(1) fixed spreads
(2) variable spread
(3) commission based on a percentage of the spread
The “spread” is the difference between the buying and selling prices and is usually calculated in “pips,” which measure the amount of fluctuation in the exchange rate for a pair of currencies. Some brokers call ECN brokers who charge fixed or variable spreads also charge a small commission
Account Types and Lot Sizes
Most online Forex brokers offer several types of accounts. One is a free online Demo trading account which can be used to familiarize yourself with online forex trading. When you are ready to start trading, an actual trading account can be opened which will allow you to trade foreign currencies for real and start making money.
Real trading accounts are either micro accounts, mini accounts or standard accounts, depending on the number of lots traded. A lot consisting of 1,000 units is a micro lot; alot consisting of 10,000 lots is a mini lot; and a lot consisting of 100,000 units is a standard lot.
Since trading more pairs of currency units increases the chances of making a profit, you want to be sure your online Fx broker provides all the currency pairings possible. Many brokers also trade valuable elements like gold and silver, as well as oil and other commodities, including currency products like CAD and AUD, whose dollar exchange rates can be influenced by variations in commodity prices. Some brokerages provide Indices trading as well as Equity trading in one platform.
Margin Call and Leverage Policies
A forex broker issues a margin call when the equity in a margin account falls below a certain level, which is calculated by the FX broker using a formula created by the forex broker. When a broker issues a margin call, the investor is required to deposit additional funds (in the form of money or securities) in order to bring the margin account up to the broker’s minimum maintenance margin.
When margin requirements are not met by the investor’s current equity, some brokers follow the first in first out (FIFO) method to close trading and others use the last in first out (LIFO) method, while others simply close all the trades.
Brokers provide leverage in trading accounts and have varying leverage policies, depending on the Fx broker. A leverage of 1:400 means that you can buy or sell a currency that is 400 times greater than the amount of funds you have in your account at that particular time.
Before choosing the best Forex broker for currency trading, be sure to consider the brokers’ margin call and leverage policies.
Many Forex traders need to access the Forex market and their trading accounts using their mobile phones. Many brokers provide mobile services that include SMS and other kinds of market alerts, so if this important to you, make sure the broker you are considering offers such services.
If you want to open a trading account, but still have questions or uncertainties about foreign exchange brokers or markets, contact our professional team of Foreign exchange investors by phone or contact form and we will be happy to assist you with your questions regarding the foreign exchange market or any other financial investment market. Our experts are familiar with Fx brokers all over the world, so call us to find the best Fx brokers firms in the U.S., U.K., Australia, Asia, Europe, China, Singapore, India or the Middle East.
Other Fx Brokers
The brokers list below is without Any Rating and its just for your information to know more about other brokers, If you want to open demo or live online trading account then use brokers at top of this page.
24option – HotForex – InstaForex – GCI Trading – Fxopen – Trade360 – Tradeo – IQ option – Z.com – TradeKing – OptionsHouse – Capital One Investing – eTrade – Charles Schwab – Fidelity – Scottrade – Merrill Edge – Exness – UFX – Ironfx – Tickmill – FBS – Tradersway – LCG –
The reviews offered in Top Forex Brokers at www.ForexSQ.com feature reviews and comparisons of many Fx brokers in the world, especially those in the U.K. and Australia. The ForexSQ team has also compiled articles about how to make money online by Commodities trading, Indices trading, Equity trading. There are other information on this website helped you locate a Fx broker, please share it with your friends and colleagues and visit often for the most up-to-date information regarding investing in foreign currency and other financial markets. Our experts also conducted latest news about regulated FCA , CySec and ASIC brokerages so once again don’t forget to visit www.ForexSQ.com daily. You can visit TopForexBrokers.com for more information about rating and comparison top online brokers in the globe.