Selecting the Forex Broker or a trading platform? It is our top priority to choose from the hundreds of the most reliable and the Best Forex Trading Provider. We have checked and done deep research, compare a vast number of Forex Brokers with their trading conditions and made a detailed Review of Most Popular Forex brokers to assist your selection and answer most common questions.
Best Forex Brokers
Forex Market, FX or Currency Market is the largest global non-centralized exchange where trading process performed electronically via networks. The main Forex participants are international banks and financial institutions operating huge volumes through a need to exchange currencies, presented as currency pairs, and assist international business with the conversion which is known as the interbank market.
While the Role of the Forex Brokers is to provide access to trade Forex Markets or other Instruments mostly to the retail traders, allowing to start with small investments and allowing to access trading almost to every individual interested in Forex Trading.
Regulated Forex Broker
Forex being Decentralized Market and increasing establishment of Forex Brokers pushed various world countries established particular organizations or authorities in order to oversee the market proposals and regulate Forex Broker firms. So yes, Forex Brokers are regulated while holding a license from a local authority alike world-known FCA in the UK, ASIC in Australia, Commodity Futures Trading Commission CFTC in the USA, MAS in Singapore and more.
” In addition to its constant check on the service providing, authorities protecting clients through compensation schemes and other security checks, allowing traders to fill the complaint which is a result may affect in heavy company fining or even dismiss, however, these conditions and regulating may vary from the regulator to another.
Making it simple, regulated broker means that you will trade Forex with proper security of funds and investment itself, overseeing of the broker so first of all Good Broker is a sharply regulated broker.
Depending on currency pair, Average EUR USD – 1.1 pips
Sell and Buy
💰 Contract size
Micro Lot, Standard Lot (Depending on the broker)
What makes a Great Broker
Forex Broker should be regulated since the Forex market is decentralized and first point that makes Broker a great broker is its reliability and trust, which is provided by regulations. Obviously, this is the biggest trump you may fall as a retail trader if you choose a non-reliable, mainly non-regulated or offshore firm without a proper license you may easily fall into a scam and lose money. Read more by the link Why avoid Brokers from St Vincent & The Grenadines .
How to choose Best Forex broker?
Security of funds is always first in Forex trading, for that reason, we recall your attention to open an account with Regulated Brokers only.
- Choose sharply regulated broker with top-tier license like FCA, ASIC, CFTC or MAS for money safety
- Check trading conditions and account types, select offering suitable for your trading strategy
- Find our spreads and commission for fair fees
- Reach to Customer Support and Education resources for support
Best Forex Brokers 2022
Here we made a selection of Top Forex Brokers by category with some of the best-offered trading conditions and transparent conditions.
- BDSwiss – Best Overall Forex Broker 2022
- BlackBull Markets – Lowest Spread Forex Broker 2022
- FP Markets – Best Forex Broker for Beginners 2022
- Pepperstone – Best MT5 Forex Broker 2022
- HFM – Best MT4 Forex Broker 2022
Can I trade Forex without a broker?
No, retail trader cant trade Forex directly, since you should be an authorized dealer to trade Forex, as well as operate a quite sufficient amount of funds. Therefore, Forex Trading Brokers are the companies that provide retail Forex traders access through its platform to operate Forex Market and trade various markets including Commodity Futures, Indices, Bonds, etc.
Do I need license to trade Forex?
Trading via the Forex Broker you may access trading without financial or dealer license. Moreover, there are hundreds of opportunities with a relatively small investment that allows you to trade Forex, do technical analysis and analyze markets almost instantly.
How do I know if my Forex Broker is regulated?
Check the license and information through the official brokers’ website first, and then verify a license through the official regulatory website, since unscrupulous brokers may easily fake information and assure of its license while it's not true. In our Forex Broker Review you will find license check as well.