Best Performing and Top Rated Forex Brokers

We have all heard about Forex Brokers, but the question remains, which forex broker is trustworthy?

Worry no more; we have compiled a list of the most recommended forex brokers in the industry. These are brokers that offer accountable and transparent liquidity services. Want to know who these brokers are?

Hundreds of newbie investors and even seasoned traders have lost funds with scam brokers. Other reviewers will praise brokers with high leverage; that’s not us!

We indulge with brokers that follow trading guidelines and abide by trading regulations. These include standard leverage, spreads, and, most important, acceptable minimum deposit.

Some brokers are pure scammers. Once you open an account and deposit funds, withdrawal becomes a mountain to climb.

That’s what our detailed recommended Forex brokers review is all about. To highlight genuine and reputable brokers who offer fair trading conditions, which every trader wants, a chance to trade and win big in the markets.

How Best to Consider Forex Brokers

There are a few considerations to make when choosing a broker. These include market conditions and trading assets.

We have highlighted these forex brokers according to the most ranked broker to the one with fair trading conditions.

Each forex broker on our list is deserving. We have tested them and have found these are the best online brokers to indulge with.

After conducting thorough research and testing each broker, we deem these forex brokers worthy. We tried their trading conditions and withdrawal policies, including regulations.

Customer reviews, i.e., traders, also have an input on our thoughts. After all, if traders are happy with the broker, the liquidity provider must be doing something right.

These are genuine brokers with what it takes to furnish you with the right tools. The brokers MUST also provide members with a worthy demo account.

You must test the broker to determine whether the set conditions sit right with you.

Advantages of Forex Brokers

Access to demo/practice accounts

These brokers on our list give members limited access to funds for practice sessions. Although others refer to them as virtual funds, these funds help traders get the feeling of trading.

It allows traders to feel the markets without losing thousands of dollars in testing. These brokers truly understand trading is a good fit for you.

Bonuses offered by forex brokers

Signing up with some of these brokers will guarantee small sign-up gifts. It’s just a thank you for signing up with them.

Easy access to foreign currency

A brick-and-mortar currency exchange will be your choice unless you use forex brokers. With forex brokers, currencies are available instantly.

The technology used by forex brokers

With the help of a broker, you get to use the best trading tools. Each broker has strategies and market analysis tools to help traders make informed decisions.

Traders can now make calculated risks based on devised strategies by the broker. You also get to use world-class trading terminals such as MT4 and MT5.

Here’s the list of our best-performing and top-rated brokers

BROKER	MINIMUM DEPOSIT	REGULATION	BONUS
	$200	FSA	25%
	$5	CySEC, FCA, IFSC	Up to $5,000
	$200	ASIC, FCA	$10
BROKER	MINIMUM DEPOSIT	REGULATION	BONUS

#1. AMarkets

One of the most widely used brokers, AMarkets comes highly recommended. AMarkets is one of the most reputable and transparent brokers in the industry.

Established in 2007, the broker has seen the trade volume rise with each financial year. In addition, the number of traders is increasing thanks to regulation standards and trading conditions set.

Members enjoy a 25 percent bonus on their first deposit, with regular bonuses and promotions active for traders. The maximum leverage set is 1:3000 with execution speeds of 0.03s.

Traders are well protected as the broker offers an insurance claim of €20,000 for each claim. The safety of funds with the broker is a guarantee.

Members also enjoy low spreads with more than 500 trading tools available. The number of trading assets is immense, with the starting deposit as low as $100.

Clients on the platform have the second-highest success rate in the forex trading world.

And that makes AMarkets one of the favorite forex brokers to use.

Grab this opportunity today and sign up with AMarkets

#2. XM

XM is the forex broker known for offering over 1,000 trading instruments. Traders also get a demo account with $100,000 in virtual funds.

If you’re looking for a global and trusted forex broker, XM is the answer. In addition, members can start trading with crypto CFDs on this platform.

Bonuses on this brokerage are at $5,000, with personal account managers up for grabs. Members also get free technical analysis on the platform.

XM Group is a licensed platform, and ASIC is the regulator. The broker is also regulated by the Cyprus Securities and Exchange Commission (CySEC), a plus for European traders.

Leverage on the XM Forex broker platform is 1000:1. Members get to trade with MT4 and MT5 trading terminals. You can use any device, even web trader, with XM Brokers.

Newbies can learn quickly with available trading tools and personal account managers. In addition, there are live learning centers and webinars available.

Discover your next trade thanks to advanced features set by the broker. There are over 90 technical indicators available.

Fair and transparent are what most reviewers give on this trading platform.

Here’s your chance to start trading with a decent broker.

What are you waiting for? Sign up with XM Brokers today

#3. FXOpen

Here’s why FXOpen made it on our list, it’s one of the most innovative Forex brokers with crypto assets.

FXOpen is a trustworthy ECN broker with a more than 1 million active trader base. In addition, there are APIs available to automate trade for members.

Scalping is acceptable, with all strategies welcomed on the platform. There are over 600 trading instruments available on FXOpen.

Spreads start from 0.0 pips with members using world-class trading terminals, MT4 and MT5. There are four trading accounts, with the Crypto account offering 0.5 percent commissions.

The broker is also fair with their acceptable minimum deposit; members can deposit as low as $10. PAMM accounts on ECN, Crypto, and STP are available.

CySEC is the regulator, meaning traders from Europe can easily trade. The Financial Conduct Authority (FCA) also authorized the broker with clients funds fully protected.

There are five classes of trading instruments available on the platform.

FXOpen is the market’s most competitive and widely used forex broker.

And your chance to trade with a proven forex broker.

Here’s your chance to SEIZE this opportunity to sign up with a reputable broker.

Assets and Trading Instruments to trade with Forex Brokers

There are five trading assets available on any liquidity provider. These include commodities, crypto, forex, indices, and stocks.

Let’s take a closer look at these trading assets;

Commodities

Trading commodities include household products such as sugar and wheat. Others include crude oil and natural gases.

Cryptocurrencies

Expect to trade leading crypto assets paired against each other or major currency pairs. Some top crypto assets include Bitcoin, Doge, Ethereum, Litecoin, and Ripple.

The broker can pair cryptos with major currencies example, BTC/EUR, ETH/GBP, XRP/USD, etc.

Forex

Forex trading is one of the biggest activities in any brokerage. Members trade major and minor currency pairs, not forgetting exotic pairs.

Indices

Day traders have a perfect time trading with indices. These are markets from all over the world in one platform.

You can trade DAX, Dow Jones, NASDAQ, NIKKEI, S&P 500, etc.

Stocks

Company stocks from leading businesses all over the world are up for grabs. Traders get to own a piece of a company for a while.

Most of the tradeable shares include those from tech companies. These include the FAANG Group, which consists of Facebook (Meta), Amazon, Apple, Netflix, and Google.

Our Forex Brokers recommendation

As the forex world becomes more intense and competition grows, we will add more brokers to the list.

There are plenty of honest and trustworthy brokers, and there’s no need for restrictions.

Feel free to comment if you have any comments, suggestions, or queries.