Foreign exchange is really known to be a fast-paced and exciting marketplace where people can make a lot of money or lose everything in a moment. If you are interested in LCG, you have to first find a good and reputed Forex broker out there. This article will tell about the best brokers out there. Once you thoroughly go through this article, then it will really be beneficial for you in many ways to say the least. Hence, read the article for your own benefits.
Qualities of the best Forex brokers
The top brokers in the world have few specific qualities and aspects that make them unique and special. Such a high standard broker provides you with several things like reliable trade order execution, high tech tools for trading, competitive pricing, and a safe trading environment. If you do not find these amazing qualities in a certain Forex broker, you should not hire the professional. The below list consists of the best brokers from around the world.
Best Forex brokers for trading
There are plenty of Forex brokers out there. You need to find few of the ultimate professional Forex brokers to ultimate find the one of your choice.
- Plus 500
Plus 500 is nothing but a reputed publicly traded company. They are the prime sponsor of famous La Lila club Atletico Madrid. The trading platform is basically provided by its subsidiary company Plus500 UK, which is regulated and authorized by the UK Financial Conduct Authority. Plus500 Ltd. Is known to be listed on LSE or London Stock Exchange.
The trading platform of this broker is available in 50+ countries which is properly regulated by CySEC (Cyprus Securities & Exchange Commission), ASIC (Australian Securities and Investment Commission) and ISA (Israel Securities Authority) among others.
FXTM stands for ForexTime, a trading platform that mainly concentrates on foreign exchange. It is surely regarded as one of the top brokers in the world. This service provider offers immaculate and flawless service to its clients worldwide. The trading in this Forex broker is open for 24 hours and 5 days a week. This Cyprus based Forex broker is licensed by IFSC (International Financial Services Commission) and several other regulators out there.
You can choose this broker as they provide several benefits such as they let trade 250+ products such as CFDs, indices, shares, commodities etc. Moreover, it also happens to have competitive spreads.
XTB is a popular and award-winning CFD platform that supports cryptocurrencies, ETF CFDs, stock CFDs, commodities, and others. It has low-cost spreads, so many Forex enthusiasts choose this broker as their preferred option. If you go for this broker, you will get the benefits of 3000+ trading instruments across 6 different asset classes.
Moreover, this broker platform supports 48 currency pairs. The clients of this broker are allowed to select between trading on MT4 or xStation 5 platform according to their need and demand. The leverage in this regard is supposed to be up to 200:1.
- IC Markets
IC Markets is considered an Australian Forex broker founded in the year 2007. It is basically regulated by ASIC (Australian Securities and Investments Commission) and FSA (Seychelles Financial Services Authority). In April 2019 alone, IC Markets processed a trading volume of $646. Hence, you can understand its service and popularity.
Choosing this platform as your preferred broker will also be quite beneficial and advantageous for you in many ways. It comes with true institutional grade liquidity and wide range of tradable products. This is very reason for its wide client base.
- FP Markets
This is such a broker that provides a huge range of tradable assets as compared to other available Forex brokers out there. Among all its tradable assets, there are shares, CFD, Forex etc. Once you go for this broker, then you are going to get the leverage of 500:1. On top of that, you have the option of trading 45 currency pairs according to your preference and need.
These Forex brokers are amazing as they provide high-quality services to benefit their clients. You should do your own detailed research to choose the most appropriate broker out there. It is always advised that you find the right broker to trade in the market.