There are a lot of forex brokers out there, and each one has its own set of pros and cons. For example, some forex broker platforms are better for international traders than others. If you’re just starting out with trading forex, it’s helpful to know what traits make a good platform so that you can choose one that fits your particular needs — as well as those of your account manager!
eToro
eToro is a social trading network that allows you to copy the trading activity of other investors. eToro is regulated by CySEC, FCA and ASIC (Australian Securities & Investment Commission).
eToro offers a unique CopyTrader feature that allows you to copy the trades of other traders with low risk and high returns. This is done by using the advanced tools in your account such as MarketWatch, News or Technical Analysis section where you can monitor real time market data and view live charts for various indicators such as MACD histogram, RSI etc., which help identify patterns in order prices.
AvaTrade
AvaTrade is an award-winning forex broker. It has been named Best Online Broker by the World Finance Brokers Awards for the past four years, and it’s also one of the few brokers that has been awarded or recognized by other respected financial organizations such as Forex Magnates, FXStreet and FXDD (Forex Daily Digest).
AvaTrade is a regulated broker which means that it meets all requirements set forth by European Union regulators in order to ensure you are trading safely within this market space.
FXCM
FXCM is a forex broker that offers trading in the major currency pairs and indices. The broker is regulated by the FCA in the UK, CySEC in Cyprus, and NFA in the US.
FXCM was founded by Thomas Peterffy (who also owns Interactive Brokers) as an online broker for stocks and bonds in 1997. In 2000 it became an online forex broker with its first office opening at 40 Wall Street New York City (now known as One Liberty Plaza). In 2007 it announced plans to open offices around Europe where they would provide educational seminars on trading strategies such as scalping or day trading among other things.[1] They have since expanded into Canada offering Canadian dollar contracts on several exchanges including TSX Venture,[2] CME Group[3] Chicago Mercantile Exchange[4] Chicago Board Options Exchange (CBOE)[5], Euronext Paris,[6] London Stock Exchange Group[7] Deutsche Boerse AG Frankfurt am Main Frankfurt/Main Germany
IG Markets
IG Markets is a global forex broker with more than 20 years of experience. The company was established in 1974, and it has been providing clients with high-quality services since then.
IG Markets offers a variety of products and services, including spot trading, FX option trading and CFDs on the major currencies. It also provides support for several languages including English, Spanish and French.
In addition to its website (which provides all the necessary tools for trading), this broker also maintains an active Facebook page where you can ask questions about its products or receive advice from experienced traders who are available 24/7 via chat messaging features
Oanda
Oanda is one of the largest forex brokers in the world, with over 600 employees and over $1 billion in assets under management. It has a large client base and offers several trading platforms to suit your needs.
Oanda also has a good reputation among traders; many people consider it to be one of the best forex brokers on the market today because it offers a variety of trading options including mobile applications for Android devices and iOS devices as well as desktop software for Mac OSX computers.
Plus500
Plus500 is a leading forex broker with the best trading conditions. The platform is easy to use and has good customer service, as well as a wide range of tools for traders. The mobile app syncs with your account so that you can trade whenever and wherever you want. Plus500 also offers educational programs that teach beginners how to trade successfully in today’s volatile markets.
XM
XM is a forex broker based in Limassol, Cyprus. It has been in business since 2007 and is owned by XM Group Ltd., which is regulated by CySEC.
easyMarkets
EasyMarkets is a forex broker that is regulated by the Cyprus Securities and Exchange Commission (CySEC), which means you can trade with confidence. It’s also a member of the Financial Conduct Authority (FCA) in the UK, which means your trading account will be protected by robust regulatory standards. EasyMarkets offers trading in CFDs, which are complex instruments that allow traders to speculate on movements in foreign exchange markets without actually owning any currency or making any investment decisions themselves.
FXTM
FXTM is a leading forex broker that has been around since 2007. They are regulated by both the FCA and CySEC, which means you can get trading services from them without having to worry about your personal information being compromised or stolen.
FXTM offers a wide range of products and services, including forex trading, CFDs (contracts for difference), binary options trading and eToro – an online social network where traders meet each other to trade together. They also have educational seminars available through their website if you want to learn more about how money works in this industry before jumping into it yourself!
Their reputation for customer service is excellent too; many people claim they receive friendly responses from their support team almost instantly after submitting an enquiry via email or live chat service
CMC Markets
CMC Markets is a regulated forex broker that offers contracts for difference (CFDs), which is a type of derivative contract. This means you can speculate on the price movements of currencies, commodities or indices without actually owning them. The company has a great reputation for customer service and offers a variety of asset classes to trade including Forex, Stocks, Commodities and Indices.
CMC Markets also operates in other countries such as the US but the main focus remains on its European operations where it has offices in London and Paris as well as an office based in Dublin Ireland
HotForex
HotForex is a forex broker based in London, UK. The company offers an array of services including forex trading, CFDs, spread betting and binary options.
HotForex’s product portfolio includes:
- Forex Trading – HotForex’s proprietary platform allows traders to trade on margin without having to deposit funds into their account; this means that you can trade as much as you want without having to worry about how much money you have available for trading at any given time!
- CFD Trading – With this type of contract (available only for cryptocurrencies), investors can speculate on price movements without having direct ownership over any asset. The contract allows them to make money if prices rise or fall but does not guarantee profits because there are no specific terms regarding profit potentials associated with them (i.e., whether they’ll go up). They simply pay out when the underlying asset reaches its expiration date according to its original purchase price minus fees taken by brokerages involved with trading tokens/coins like Bitcoin & Ethereum etc…
These forex broker platforms are the most reputable in the industry.
If you’re looking for a broker that has a good reputation, has been around for years and has a lot of customers, then these are the forex brokers you should be considering.
The majority of these platforms have been around since 2010 and have an excellent customer service record. They also have positive reviews from users who have used their services before – this is key when it comes to choosing a reliable broker!
There are many good brokers out there, but these five stand out because they have proven to be reputable and safe for both beginner and experienced traders. They offer a wide range of trading options, from no-fee accounts to premium services that make it easy for beginners with limited funds or time to get started in forex trading.
