Sometime it's very difficult to start trading with a suitable broker that ensure you, money is safe with them. In my previous article, I already described some important aspects to choose a best forex broker. Here I'll give the review of worlds best forex broker in terms of their services.
Take a look on some points before check the list of forex brokers.
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Actually forex trading comes with the deal between forex broker and trader. Trader deposit money and take services from broker. On the other side broker provides satisfactory services to the trader so that they can trade and do transaction smoothly.
In Fact every broker must have to take a licence from a regular authority to do this. These regular authority owned by the Government or Reputed financial bank. Its mean no one broker wants either to do or involve in illegal financial activity that becomes the cause of cancellation of licence by the regulated authority or Govt.
You have seen many times the ranking of forex broker different on website to website. This is because ranking of forex brokers based on different different factors. In some factor forex broker gets Rank 1 and in some other factors it becomes Rank 15. And this is the only reason to get confused us and makes difficult to decide that which one is the best forex broker.
Recommended forex brokers doesn't mean that other forex broker are not well. In fact all brokers are regulated by very reputed big financial banks and Governments. So they also do well but depends which types of services they provide to their trader/client.
Take an example.
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Suppose two reputed broker.
Broker A provides :
Min Deposit - $1
Spread- 0.7 pip
Leverage- 1:1000
Payment Method- Bank wire.
Broker B provides :
Min Deposit- $100
Spread- 1.2 Pip
Leverage- 1:300
Payment method- E-currency
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If you look, Broker 'A' providing Bank wire method for payment. Which takes approximately 7-12 days to execute.
And Broker 'B' providing E-currency method. Which execute instantly.
So, the traders who want instant deposit and withdrawal and can't wait for payment will definately go for Broker 'B'. They ignore other services.
As, I already told you, both 'A' and 'B' are reputed brokers and broker 'A' also have large no. of clients. Because other services like minimum deposit, spreads attracts other traders. These traders may be unable to deposit $100 and no problem with bank wire payment method.
Actually both the brokers are well but some little service issues differ them.
Review and Recommendation of forex brokers tells us the comparison of services provide by them. Here I filtered some world's best forex brokers. They provide their services in more than 165 countries. So take a review and decide which one is best forex broker for you.
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1. Windsor Brokers Ltd.
Established Year: 1988
Regulation: AFM (Netherland), BaFin, FCA, CYSEC
Regulation: AFM (Netherland), BaFin, FCA, CYSEC
Country: Cyprus
Minimum Deposit: $100
Minimum Deposit: $100
Leverage: 1:500
Spread: 2 pip ( fixed)
Trading Platforms: MT4, MT5, (Desktop & Mobile), Gwazy
Account Types: Mini, Micro, Dynamic STP, Mega, Executive
Payment Methods: Bank wire, credit & debit card, CASHU, Skrill, Ukash
Trading Platforms: MT4, MT5, (Desktop & Mobile), Gwazy
Account Types: Mini, Micro, Dynamic STP, Mega, Executive
Payment Methods: Bank wire, credit & debit card, CASHU, Skrill, Ukash
Currency Support: 27
Language Support: 14
Client Support: 24/5
Client Support: 24/5
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2. Exness Ltd.
Established Year: 2008
Regulation: Cyprus Security : Exchange Services (CYSEC)
Regulation: Cyprus Security : Exchange Services (CYSEC)
Country: Cyprus
Minimum Deposit: No Minimum
Minimum Deposit: No Minimum
Leverage: 1:2000
Spread: 0.3 Minimum
Trading Platforms: MT4, MT5, WebTrader
Account Types: Micro, Mini, Standard, Metal Currency.
Payment Methods: Bank wire, All major credit and debit card, webmoney, Perfect Money, Neteller, Skrill
Trading Platforms: MT4, MT5, WebTrader
Account Types: Micro, Mini, Standard, Metal Currency.
Payment Methods: Bank wire, All major credit and debit card, webmoney, Perfect Money, Neteller, Skrill
Currency Support: 80+
Language Support: 13
Client Support: 24/7
Client Support: 24/7
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3. Easy forex
Established Year: 2003
Regulation: CYSEC, NFA, CFTC, ASIC EU
Regulation: CYSEC, NFA, CFTC, ASIC EU
Country: Cyprus
Minimum Deposit: $25
Minimum Deposit: $25
Leverage:
Spread: 2 pip (minimum)
Trading Platforms: Easy forex, MT4, Trader (mobile & desktop)
Account Types: Standard, Premium, VIP
Payment Methods: credit & Debit card, Bank wire, paypal, skrill
Trading Platforms: Easy forex, MT4, Trader (mobile & desktop)
Account Types: Standard, Premium, VIP
Payment Methods: credit & Debit card, Bank wire, paypal, skrill
Currency Support: 70+
Language Support: 10
Client Support: 24/7
Client Support: 24/7
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4. eToro
Established Year: 2006
Regulation: CYSEC
Regulation: CYSEC
Country: Cyprus
Minimum Deposit: $50
Minimum Deposit: $50
Leverage: 1:400
Spread: 2 pip (fixed)
Trading Platforms: eToro platform, Webtrader, Openbook, Mobile trader
Account Types: eToro open book
Payment Methods: Credit & debit card, wire, webmoney, Neteller, Moneybooker, paypal, payoneer.
Trading Platforms: eToro platform, Webtrader, Openbook, Mobile trader
Account Types: eToro open book
Payment Methods: Credit & debit card, wire, webmoney, Neteller, Moneybooker, paypal, payoneer.
Currency Support: 17
Language Support: 20
Client Support: 24/5 ( Monday - Friday)
Client Support: 24/5 ( Monday - Friday)
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Established Year: 2009
Regulation: ASIC, FCA UK, FSPR
Regulation: ASIC, FCA UK, FSPR
Country: New Zealand, Australia
Minimum Deposit: $200
Minimum Deposit: $200
Leverage: 1:500
Spread: 0.1 (minimum)
Trading Platforms: MT4 ( Desktop & Mobile)
Account Types:
Payment Methods: Credit card, wire, skrill, perfect money, webmoney, bitcoin, litecoin, payza, fast pay, Neteller, Disi Pay, Namecoin.
Trading Platforms: MT4 ( Desktop & Mobile)
Account Types:
Payment Methods: Credit card, wire, skrill, perfect money, webmoney, bitcoin, litecoin, payza, fast pay, Neteller, Disi Pay, Namecoin.
Currency Support: 28
Language Support: 10
Client Support: 24/5
Client Support: 24/5
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6. Plus 500
Established Year: 2008
Regulation: Financial Conduct Authority (FSA)
Regulation: Financial Conduct Authority (FSA)
Country: London (UK)
Minimum Deposit: €100
Minimum Deposit: €100
Leverage: 1:200
Spread: 2 pip (minimum)
Trading Platforms: Plus 500 TP, WebTrader & Mobile Trader
Account Types: Standard
Payment Methods: Wire, Card, Skrill (Moneybooker), paypal
Trading Platforms: Plus 500 TP, WebTrader & Mobile Trader
Account Types: Standard
Payment Methods: Wire, Card, Skrill (Moneybooker), paypal
Currency Support: 200+
Language Support: 32
Client Support: 24/7 (No Chat)
Client Support: 24/7 (No Chat)
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7. XE Markets
Established Year: 2009
Regulation: CYSEC, FSA UK, BaFin of Germany
Regulation: CYSEC, FSA UK, BaFin of Germany
Country: Cyprus
Minimum Deposit: $5
Minimum Deposit: $5
Leverage: 1:888
Spread: 0.1 pip ( minimum)
Trading Platforms: MT4 (desktop & mobile)
Account Types: Micro, Standard, Executive
Payment Methods: Bank wire, Card, Union pay, Neteller, Qiwi, webmoney, western union, Moneygram, Skrill (Moneybooker)
Trading Platforms: MT4 (desktop & mobile)
Account Types: Micro, Standard, Executive
Payment Methods: Bank wire, Card, Union pay, Neteller, Qiwi, webmoney, western union, Moneygram, Skrill (Moneybooker)
Currency Support: 60
Language Support: 19
Client Support: 24/5
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8. Iron forex
Established Year: 2010
Regulation: CYSE, FCA, ASIC, FSP
Regulation: CYSE, FCA, ASIC, FSP
Country: New Zealand
Minimum Deposit: $500
Minimum Deposit: $500
Leverage: 1:500
Spread: 0 pip (Tight)
Trading Platforms: MT4, MT5 (Desktop & mobile), WebTrader
Account Types: Micro, Premium, VIP
Payment Methods: Bank wire, Card, skrill, China Union Pay, webmoney, Neteller, Fast pay, Qiwi, M.O.TO ( Mail Order & Telephone Order)
Trading Platforms: MT4, MT5 (Desktop & mobile), WebTrader
Account Types: Micro, Premium, VIP
Payment Methods: Bank wire, Card, skrill, China Union Pay, webmoney, Neteller, Fast pay, Qiwi, M.O.TO ( Mail Order & Telephone Order)
Currency Support: 120+
Language Support: 45
Client Support: 24/7
Client Support: 24/7
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9. Hotforex
Established Year: 2007
Regulation: CYSEC
Regulation: CYSEC
Country: Mauritius
Minimum Deposit: $50
Minimum Deposit: $50
Leverage: 1:1000
Spread: 0.4 - 1 pip
Trading Platforms: MT4 ( Desktop & Mobile), WebTrader
Account Types: Micro, Premium, VIP
Payment Methods: Bank wire, Card, Neteller, skrill, Fast Pay, UKash, Webmoney, Cash U
Trading Platforms: MT4 ( Desktop & Mobile), WebTrader
Account Types: Micro, Premium, VIP
Payment Methods: Bank wire, Card, Neteller, skrill, Fast Pay, UKash, Webmoney, Cash U
Currency Support: 70+
Language Support: 12
Client Support: 24/5
Client Support: 24/5
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10. Dukascopy Europe
Established Year: 2004
Regulation: Swiss Financial Market Supervisory Authority (FINMA)
Regulation: Swiss Financial Market Supervisory Authority (FINMA)
Country: Switzerland
Minimum Deposit: $100
Minimum Deposit: $100
Leverage: 1:300
Spread: 0.2 ( Minimum)
Trading Platforms: JForex, Java, Web ( Android & iOS)
Account Types: Dukascopy ECN Forex, Managed Account
Payment Methods: Bank wire, All major credit & debit card
Trading Platforms: JForex, Java, Web ( Android & iOS)
Account Types: Dukascopy ECN Forex, Managed Account
Payment Methods: Bank wire, All major credit & debit card
Currency Support: 50+
Language Support: 13
Client Support: 24/5
Client Support: 24/5
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