Forex Brokers That Trade for You

  1. Best Forex Brokers
  2. Regulated Forex Broker
  3. What Makes a Great Forex Broker
  4. How to choose Best Forex broker?
  5. Top 10 Forex brokers List

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. Read more about Forex via Wikipedia.

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.

Read:  Bureau De Change Forex Trading Rules

” 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.


🏦 Spread

Depending on currency pair, Average EUR USD – 1.1 pips

πŸ“ˆ Leverage

Yes

πŸ“‰ Positions

Sell and Buy

πŸ’° 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 aselection 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
  • HotForex – Best MT4 Forex Broker 2022
Read:  Trade the Momentum Forex Trading System

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 its not true. See FCA Regulation Website. In our Forex Broker Review you will find license check as well.

Top 10 Forex brokers List

Here is the List to provide an assortment of efficient regulated brokers with
updated on a
weekly basis
in-depth Forex Broker list.
A professional detailed analysis with trading fees overview, platform breakdowns sorted by regulation, country or trading conditions, along with traders comments.

These are the regulated brokers offering Forex trading and are recommended:

Broker Detail
BDSwiss Review
BDSwiss

Min. Deposit: 100 US$

Max. Leverage: 1:500

Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App

Regulation: FSC, FSA

1

BDSwiss Review

BlackBull Markets logo
BlackBull Markets

Min. Deposit: 50 US$

Max. Leverage: 1:500

Trading Platforms: MT4, MT5

Regulation: FMA, FSA

2

BlackBull Markets Review

FPM logo
FP Markets

Min. Deposit: 100 US$

Max. Leverage: 1:30

Trading Platforms: IRESS, MT4, MT5

Regulation: ASIC, CySEC

3

FP Markets Review


Pepperstone

Min. Deposit: 200 US$

Max. Leverage: 1:30 to 1:400

Trading Platforms: MT4, MT5, cTrader, TradingView

Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN

4

Pepperstone Review


HFM

Min. Deposit: 5 US$

Max. Leverage: 1:30 | 1:1000

Trading Platforms: MT4, MT5

Regulation: CySEC, FCA, DFSA, FSCA, FSA

5

HFM Review


Axiory

Min. Deposit: 10 US$

Max. Leverage: 1:777

Trading Platforms: MT4, MT5, cTrader

Regulation: FSC, FSC

Axiory Review

FBS

Min. Deposit: 1 USD

Max. Leverage: 1:30

Trading Platforms: MT4, MT5, FBS trader, CopyTrade

Regulation: CySEC, FSC, FSCA, ASIC

FBS Review

Eightcap

Min. Deposit: 100 US$

Max. Leverage: 1:30

Trading Platforms: MT4, MT5

Regulation: ASIC, SCB

Eightcap Review

TMGM

Min. Deposit: 100 US$

Max. Leverage: 1:30 | 1:500

Trading Platforms: MT4, MT5, IRESS

Regulation: ASIC, FMA

TMGM Review
FXCC Review
FXCC

Min. Deposit: No minimum deposit

Max. Leverage: 1:30 | 1:500

Trading Platforms: MT4

Regulation: CySEC, VFSC

FXCC Review

Forex Brokers That Trade for You

Source: https://55brokers.com/forex-broker-reviews/

Posted by: derivbinary.com

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