Best Recommended Forex Broker Review

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.

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

Country:  Cyprus
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

Currency Support:   27

Language Support:    14
Client Support:  24/5

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2.  Exness Ltd.

Established Year:  2008
Regulation:   Cyprus Security   :    Exchange Services (CYSEC)

Country:  Cyprus
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

Currency Support:   80+

Language Support:   13
Client Support:  24/7

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3.   Easy forex

Established Year:  2003
Regulation:   CYSEC, NFA, CFTC, ASIC EU

Country:  Cyprus
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

Currency Support:  70+

Language Support:   10
Client Support:   24/7

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4.   eToro

Established Year:  2006
Regulation:   CYSEC

Country:  Cyprus
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.

Currency Support:   17

Language Support:   20
Client Support:  24/5 ( Monday - Friday)

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5.   FXOpen

Established Year:  2009
Regulation:  ASIC, FCA UK, FSPR

Country: New Zealand, Australia
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.

Currency Support:  28

Language Support: 10
Client Support:  24/5

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6.   Plus 500

Established Year:  2008
Regulation:  Financial Conduct Authority (FSA)

Country:  London (UK)
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

Currency Support:  200+

Language Support:  32
Client Support:  24/7 (No Chat)

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7.  XE Markets

Established Year:  2009
Regulation:   CYSEC, FSA UK, BaFin of Germany

Country:  Cyprus
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)

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

Country:  New Zealand
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)

Currency Support:  120+

Language Support:   45
Client Support:  24/7

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9.  Hotforex

Established Year:   2007
Regulation:   CYSEC

Country:    Mauritius
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

Currency Support:  70+

Language Support:  12
Client Support:  24/5

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10.   Dukascopy Europe

Established Year:   2004
Regulation:   Swiss Financial Market Supervisory Authority (FINMA)

Country:   Switzerland
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

Currency Support:   50+

Language Support:   13
Client Support:   24/5