A Forex broker is simply a financial service company that provides traders access to a platform for buying and selling foreign currencies with the sole aim of making great profits. Today we look at the top 10 Forex Brokers in the world.
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FOREX.com
Forex.com is the number one Forex Broker in the world. It offers 80 currency pairs and very competitive dealing spreads. Forex.com also conducts extensive periodic research into international trade to ensure clients make informed decisions.
eToro
eToro is the second-best Forex Broker in the world. To join eToro, one can open an account for $50 and trade in more than 2,000 different assets. The broker does business as a Money Services Business with oversight from the U.S. Financial Crimes Enforcement Network.
IG
IG is the third-best Forex broker in the world. IG is based in the USA and allows clients in the US to trade contracts for differences on more than 17,000 different assets that include forex pairs, indices, stocks, options, bonds, exchange-traded funds. One can open an account with IG for a minimum of $250.
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NinjaTrader
Ninja Trader is the best Forex broker in the world for future traders. A client can have an account with Ninja Trader for $400 minimum and would automatically have access to trade forex and futures competitive rates.
Interactive Brokers (IBKR)
Interactive Brokers is the fifth-best broker firm in the world. Clients must have a minimum deposit of $10,000. IBKR offers forex traders competitive dealing spreads and $0 commissions on U.S stocks and ETFs.
Pepperstone
For clients to work with an Australian forex broker, Pepperstone, one needs a minimum of AU$200 to open an account. The broker offers a standard account where you pay a higher dealing spread but no fees and its Razor account features reduced dealing spreads and charges a flat rate once you’ve achieved a certain trading volume.
FXTM
FXTM was established in 2011 and it currently has over 2 million and has won over 25 recognized industry awards.
AvaTrade
Clients with AvaTrade have granted access to over 250 instruments such as forex, cryptocurrencies, stocks, indices, and commodities. 200,000 people have been registered to AvaTrade.
City Index
City Index is a UK-based cryptocurrency broker firm that has a $124.9 minimum deposit requirements and offers low trading costs for cryptocurrency CFDs. One can trade Bitcoin, Ethereum, Litecoin, and Ripple via this broker.
HYCM
HYCM offers clients excellent trading conditions, great liquidity, and low spreads, delivering a super-efficient service.
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