As a trader of the biggest market in the world, you need the best brokers in the world to hold your funds. You need to know your money is safe and you can be compensated at times of insolvency. You are subject to different trading costs and fees.
There are two methods in which you can be charged by brokers for their service; spreads and commissions. Top Fx Brokers consider this as their most direct method of charging you for the service rendered.
Talking about the Forex market as being the biggest, the brokers on our list contribute billions of volumes each day towards the global volume monitored by international settlement.
According to the Bank of international settlement, Foreign Exchange volume surpasses 5.2 trillion making it the largest.
Best Brokers each handle over 1 billion volume of transactions 24/5 days a week. So what service do they actually render in order for them to charge you spreads and commissions? We’ll answer that in this following paragraph.
Key features offered by forex brokers in general
- The best Forex Brokers provide a trading platform (Metatrader 4/5, cTrader, web platform and mobile).
- They provide varying solutions for Managers and Investors i.e Mirror Trader, cMirror, Copy Kat.
- They Provide 24/5 customer support and some have extended it to 24/7 customer support.
“we listed the ones below because they excell in all service expectations by traders”
ForexBroker500.uk
| Broker | Summary | Platform | Leverage | More Options |
|---|---|---|---|---|
CM TRADING |
Min Deposit: $250 Min lots: 0.01 US Citizens: NO |
MT4, Sirix | 1:200 | WEBSITE |
24Option |
Min Deposit: $100 Min Lot: 0.01 lots US Citizens: NO |
MT4 (ECN) , MT5 (ECN) | 1000:1 | WEBSITE |
Alvexo |
Min Deposit: $500 Min lot: 0.01 lots US Citizens: NO |
web trading, MT4 Mobile app |
300:1 | WEBSITE |
| AVATRADE | Min Deposit: $100 Min lot: 0.01 lots US Citizens: NO |
AvaTradeGo, MT4, Autotrading |
400:1 | WEBSITE |
| CMS TRADER | Min Deposit: $300 Min lot: 0.01 lots US Citizens: NO |
Sirix Station, Mobile Trader |
400:1 | WEBSITE |
| eToro | Min Deposit: $100 Min Lot: 0.01 lots US Citizens: NO |
Open Book, Copy Trading, MT5 (ECN) |
400:1 | WEBSITE |
| FIBO GROUP Ltd. | Min Deposit: $300 Min Lot : 0.01 lots US citizens: NO |
MT4 (ECN), MT5 (ECN) CTrader |
1:200 | WEBSITE |
| Instaforex | Min Deposit: $50 Min lots: 0.01 lots US citizens: Yes |
MT4, MT5 (ECN) Copy Trading, mobile app |
1:1000 | WEBSITE |
| ITRADER | Min Deposit: $300 Min lot: 0.01 lots US citizens: NO |
meta trader4, mobile trader |
500:1 | WEBSITE |
| Pepperstone | Minimum Deposit: $200 Min Lot: 0.01 lots US citizens: NO |
MT5 Demo, MT4 (ECN), MT4 Desktop/Mobile/iOS/Android, Web Trader, Myfxbook, cTrader, ZuluTrade, Signal Trader | 500:1 | WEBSITE |
| Tradersway | Min Deposit: $1 Min Lot: 0.01 lots US Citizens: NO |
MT4, CMIRROR, cTader |
1000:1 | WEBSITE |
| Trade.com | Minimum deposit: $1000 | meta trader 4, web trader, MT5 (ECN), | 400:1 | WEBSITE |
The Best Forex Brokers List For Serious Traders
There is a minimum investment required
In general, all the best forex Brokers in the list above require a minimum deposit from $1 to $500. So if you’re new to the industry, you might wonder what necessary initial investment does Forex trading require to expect a stable income besides what brokers require as a minimum.
According to Vantage Point Trading, trading requires $2000 or maybe even $5000 investment to earn a decent income.
With a $3000 investment risking no more than 1%($30) in any trade, you could earn a stable $60 per day.
We wish you the best of luck in finding the best broker. Be informed that we have a collection of trading systems, indicators, and ebooks to support you towards your financial journey.