Choosing a forex broker can be a daunting task. Whether you’re a beginner looking for an online platform, or you’re an experienced trader looking to open a new account, there are a number of considerations to take into account.
FXTM
Whether you are a beginner or an experienced trader, FXTM offers you an unparalleled trading experience. As a global firm, they are committed to offering clients a wide range of investment products. They offer access to the world’s largest markets, including forex and indices. They also provide a range of trading tools and services that are designed to fit the needs of professional traders.
They are regulated by the Financial Conduct Authority (FCA) in the UK. This ensures that all client funds are separated from the operating funds of the company. It is a globally accepted standard for financial regulation.
Their platform is equipped with a robust security system. It is also able to provide users with multi-device functionality. It includes interactive charts and a multi-account manager. It also allows users to perform real-time market analysis.
XTB
XTB is a reputable online forex broker that offers commission free trades and a variety of trading assets. Their platform also features trading education and research that is worth checking out.
XTB has a number of regulatory authorizations, including IFSC, CySEC and the Financial Conduct Authority. XTB also has offices in 13 countries. They have won a number of awards for their trading education and transparency.
They also have a solid customer support team, which is ranked as one of the best in the business. They offer a number of educational resources, such as webinars and helpful articles. Their customer service team is available 24 hours a day, 365 days a year. They also have a demo account, which allows traders to try out their system without risking any real money.
IG
IG Forex brokers offer a wide variety of online trading products. These include indices, stocks, commodities and forex. They are regulated in six tier-1 jurisdictions.
In addition, IG offers a free trading education program, IG Academy. The program includes free webinars, trading classes and other educational resources. They also have a referral program that allows traders to earn a bonus if a friend joins IG.
IG’s customer support is available in several languages. Its website includes a comprehensive FAQ section and two helplines, one that operates 24 hours a day and another that is offline most of the time. The icing on the cake is that the company is publicly traded on the London Stock Exchange’s FTSE 250.
The IG Forex broker’s Web-based trading platform has a feature that allows users to split charts and see multiple time frames at once. It also features an advanced chart that covers volatility and price.
IC Markets
IC Markets is a forex broker that provides an extensive range of products and services. The firm offers trading in major forex currency pairs, commodities, stocks, cryptocurrencies, and more. In addition, IC Markets’ brokerage offers technical and fundamental forecasts, articles, calculators, and guides. Traders can also use the company’s educational videos.
IC Markets is a good choice for institutional investors and high volume traders. The broker’s spreads are reasonably tight, even when after commissions. In addition, IC Markets’ customer service is available around the clock. The broker has partnerships with more than 50 liquidity providers, making it a reliable source of trade execution.
IC Markets is regulated by the CySEC, the Cyprus Securities and Exchange Commission. Its parent company, International Capital Markets Pty Ltd, is a member of ASIC, the Australian Securities and Investments Commission. The firm’s operations are regularly audited by external parties.
Traders Union ratings
Traders Union has a unique algorithmic methodology that allows to evaluate brokers. The resulting rating is impartial and independent, and offers forex traders an accurate view of which platform to choose.
The Traders Union methodology includes over 100 criteria that were assessed by its financial analysts. The methodology covers a number of key indicators including customer service, trading volumes, liquidity providers, and regulatory oversight. The experts contacted over 1500 traders from different regions of the world to carry out their research. The researchers used a Computer Assisted Web Interviewing method to gather the data.
Using this methodology, Traders Union rated over 400 brokerage companies. These companies were divided into three categories based on their geographical location. Traders Union also reviewed their trading conditions and banking options.
In addition, the Traders Union experts compiled a list of the Top 5 Forex brokers, which they believe have the best trading conditions. These companies offer sterling trading conditions, and are consistently ranked at the top of their respective categories.