Forex markets is a very dynamic one. The potential of making high returns is immense, as well as a risk of getting significant losses. It is why you need appropriate money management techniques to help you ward off losses. Brokers come in handy as they offer immense experience in dealing with the Forex market.

The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. The retail forex market is so competitive that just thinking about having to sift through all the available brokers can give you a major headache. Choosing which Forex broker to trade with can be a very overwhelming task especially if you don’t know what you should be looking for. Having the right broker can make a huge difference in your trading experience.

Best Forex Brokers

Best Forex Brokers

For the best forex brokers 2020, we looked at the best performing brokers for safety of fund, low minimum deposit, trading platforms and tools, maximum leverage, spreads, variety of payment methods. Here are, in a nutshell, the top rated Forex and CFD brokers to choose in 2020.

  • AvaTrade – Best Overall, Most safe
  • Vantage FX – Best for trading platforms and tools, Maximum leverage
  • FXTM – Best for low minimum deposit, tightest spreads
  • easyMarkets – Best for maximum leverages
  • TradeFred – Best For payment options


Vantage FX is a Forex and CFD broker that is licensed in Australia and Cayman Island. VantageFX offers the powerful MT4, allowing traders to fully automate their operations by choosing from a wide range of Expert Advisors (EA) and let the program do all the work.

Established in 2009, VANTAGE FX is an award-winning NDD broker, offering online trading in more than 70 currency pairs, various CFDs and binary options. The broker has added many cryptocurrencies to its CFD offering: Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash, see here.

Open a free demo account and have an amazing trading experience with a legitimate broker, signup here.

Vantage FX – Best Forex Trading Platform

Vantage FX Review
Vantage FX Broker

VANTAGE FX is an established and licensed Forex and CFD broker owned and operated by Vantage Group of Companies. Vantage International Group Limited trading under Vantage FX, is authorised and regulated by the Cayman Islands Monetary Authority (CIMA). Vantage Global Prime Pty Ltd trading under Vantage FX, is regulated by the Australian Securities and Investments Commission (ASIC). Vantage Global Prime LLP is authorised and regulated by the Financial Conduct Authority.

Top Takeaways points for 2020

  • Established in 2009, VANTAGE FX is an award-winning NDD broker, offering online trading in more than 70 currency pairs, various CFDs and binary options. The broker has added many cryptocurrencies to its CFD offering: Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash.
  • Traders are required to deposit $200 in order to open an account with VANTAGE FX, which is an average initial amount.
  • As a NDD broker, VANTAGE FX offers variable spreads
  • Clients of VANTAGE FX are able to use leverage ratios up to 1:500 and such maximum leverage level is considered high.
  • With this broker investors can trade forex, commodities and indices CFDs through the MetaTrader 4 (MT4) platform and MetaTrader 5 platforms.
  • We should probably mention the SmartTrader Tools package offered by the broker, which is quite impressive.
  • Vantage FX does not charge any internal fees for electronic deposits or withdrawals.


  • STP/ECN trading Model
  • Low ECN trading cost
  • ASIC-regulated
  • ASIC-regulated
  • Attractive promotions available


  • No choice of trading platform

AvaTrade – Best For Safety of Funds

AvaTrade Broker

AvaTrade (foremerly AvaFX) is an international Forex and CFD broker established in 2006 as part of the Ava Group with headquarter at Dublin, Ireland. AvaTrade is regulated by six authorities in 5 continents. AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877). AVA Trade Ltd is regulated by the B.V.I Financial Services Commission. Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684). Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA No.45984). Ava Trade Japan K.K. is regulated in Japan by the FSA (No.1662) and the FFAJ (No.1574).

Top Takeaways for 2020

  • Part of a Global group, AvaTrade is a reputable award-winning broker with 10 years of experience, offering numerous trading solutions to the FX community.
  • AvaTrade offers more than 200 instruments for trade: more than 50 currency pairs, a wide range of CFDs on indices, stock, commodities, precious metals, ETFs, Bitcoin, Litecoin and others.
  • Traders are required to deposit $100 in order to open an account with AvaTrade, which is an average minimum initial amount.
  • They offer both fixed and variable spreads.
  • When trading with AvaTrade, you will be offered both MetaQuotes’ platforms – Metatrader 4 (MT4), and MetaTrader5.
  • AvaTrader’s automated trading package is remarkably rich. It includes ZuluTrade system, Mirror Trader, Signal Trader, and AvaTrade’s own Ava AutoTrader, which also enables algorithmic trading through your API interface.
  • AvaTrade is one of the few brokers offering spread betting on MT4, the profits of which are exempt from Capital Gains Tax & Stamp Duty.
  • Accepted currencies: EUR and USD, as well as GBP (only available for clients from the UK), and AUD (only available for Australian clients).


  • Well-regulated global broker in 6 continents
  • Competitive spreads
  • Choice of trading platforms, MT4 available
  • Variety of trading instruments
  • Attractive promotions available
  • Average initial deposit


  • Market maker model

TradeFred – Best For Maximum Leverage, Wide variety of payment options.

TradeFred Review
TradeFred Broker

TradeFred is an accomplished international Forex and CFD broker that is licensed by top tier regulatory agencies and have offices in UK, Australia and Vanuatu. TradeFred broker is powered by the Betfred group – a reputable bookmaker (sports betting company), regulated in the UK. There is also a negative balance protection for all its account types, one of the measures under consideration, regarding the trade of Contract For Differences (CFDs).

Top Takeaways for 2020

  • Tradefred is a forex broker, which offers three account types to its clients. The company also provides an Islamic swap-free account.
  • Tradefred requires an minimum deposit of at least $100. This is an average amount to start with in the current industry state.
  • Tradefred offers fixed spreads, starting from 3.0 pips on EUR/USD, which is considerably above the industry average at the moment.
  • The maximum leverage with this broker is 1:50. This is relatively low, in comparison to other brokers.
  • This broker provides its clients with MetaTrader 4 (MT4) and a web-based platform.


  • MetaTrader 4, Sirix web platforms available
  • Negative balance protection
  • CySEC license
  • Affiliated to bookmaking giant Betfred
  • Attractive promotions available
  • Average initial deposit


  • Market maker model
  • High spread
  • Low leverages

FXTM– Best Forex Low Minimum Deposit, Very Tight Spreads

FXTM Broker

FXTM is currently one of the Fastest growing Forex brokers, which specializes in trading Forex and Crypto currencies. They were founded in 2011 and are owned and operated by ForexTime Limited, a Cyprus based company. As it stands, FXTM is a global authority  in Forex and CFD trading having billions in traded volume.

Top Takeaways in 2020

  • FXTM offers a wide range of trading accounts, which may be categorized in two groups: Standard (Standard, CENT, and Shares accounts) and ECN (ECN MT4, ECN MT5, ECN ZERO and Pro).
  • In order to open an account with FXTM, one has to invest just $10, which is a symbolically low minimum initial deposit.
  • Most of FXTM’s accounts are commission-free: Standard ones, as well as the ECN Zero and Pro accounts. Only ECN MT4 & ECN MT5 accounts involve a small commission fee of $4 (per standard lot round trip).
  • High leverage levels are available with Exinity Limited – up to 1:1000. The broker utilizes a floating leverage system.
  • FXTM is a broker that truly suits the needs of traders of all skill levels and preferences. Its offering covers more than 240 tradeable instruments, including a number of currency pairs, various CFDs, as well as ctyptocurrencies.
  • This broker supports both MetaQuutes platforms: MT4 and MT5. The broker offers both of them as desktop, web and mobile versions (for iOS & Android devices) and makes regular updates.
  • FXTM regularly organizes various promotions and trading contests, as it strives to offer its clients the best trading opportunities and to empower their skills and knowledge.


  • Solid regulation (FCA, CySEC)
  • Variety of tradable products (incl. cryptocurrencies in Exinity Limited only) and trading accounts offered
  • Tight ECN spreads, low-cost trading
  • Low minimum initial deposit & commission fees
  • Flexible leverage levels offered
  • Negative Balance Protection


  • No major disadvantages

Best Forex brokers provides benefits to currency traders. These include 24/5 market, high liquidity, low transaction cost. Also ability to use leverages, plus you can go high or low on any

If you don’t have access to a competent and credible broker, chances of losing funds increase. The support of a dependable online broker means easy monitoring of assets and placing the right trades. For those who are serious with opening an online Forex trading account, you should carefully evaluate and select the best suitable Forex broker. How does one come up with the best among the pool of skilled online brokers available? Easy, you follow these steps, and you will get the best Forex broker that suits your needs.

Any Forex trader has several options to consider when before opening a Forex account. It may range from personal finance goals to wanting to gain experience through online brokers. Other considerations include a trading plan as well as the strategy you prefer. Thanks to our years of trading experience, we will guide you on how to select the best online Forex broker. These are the most critical aspects when choosing a Forex broker

Best For Safety of Funds

Both the FCA and the CySEC are considered as financial regulators with a good reputation. Forex Brokers who operate under them are expected to meet tight operational standards. One of the main requirements that these regulators want is that Forex brokers should keep the funds of their clients in segregated accounts. Moreover, Forex brokers who apply to be regulated must hold a minimum of at least €730 000 in order to be considered stable financially. That means that Forex brokers who are not serious or those who are likely to scam will never bother to approach the financial regulators. They know they can’t qualify. Moreover, scammers generally hate anything to do with regulations. Some of the best Forex brokers who have attained the regulatory requirements of these financial regulators can be found here.

CySEC has similar regulations where they insist that Forex investment platforms must be able to afford at least €1 million in operation capital. In addition to this, both the FCA and the CySEC have a compensation scheme where they require brokers to compensate each trader a sum of at least £50,000. On top of this, CySEC has a rule where brokers are required to be part of a compensation fund that can cover traders up to the sum of 20,000 EUR in case the broker becomes insolvent. Top rated brokers for safety of funds

  • AvaTrade – Widely regulated in 5 continents. Avatrade is licensed in European Union, Australia, BVI, Japan, Canada and South Africa
  • easyMarkets – Licensed by ASIC Australia, and CySEC in Europe.

Best Forex Brokers For Low Minimum Deposit

While we would all love to have tons of money in our trading accounts, starting out with a small deposit is highly recommended to ensure you do not blow up your life savings. Trading with small amounts helps you hone your skills and prevent you from blowing up your account in the future. Experience is an important factor to consider when trading forex. Trading with small amounts allows you to gain experience while minimizing your losses. Once you have acquired enough experience, you can then proceed to use larger amounts to trade. Trading small amounts is not just useful for novice traders. An experienced trader may also trade with small amounts when they want to try out a new trading strategy. Top rated forex brokers form low minimum deposit

Best Forex Trading Platforms

Top Forex brokers run the popular MetaTrader4 trading platform which can be downloaded on desktop or accessed through mobile devices. This software is considered the most preferred and reliable trading platform, which is why nearly all Forex and CFDs brokers are supporting it at the moment. The reason why MetaTrader4 is loved is that it comes with a solid charting tool, compatibility with many indicators including in built indicators that traders don’t have to pay for, extensive back testing environment and compatibility with all kinds of expert advisors for trading. In that sense, you cannot say that this platform is lacking in anything. Apart from these features, traders can also create their own MQL programming language. Here are the top rated Forex trading platforms.

  • VantageFX – Offers both MT4 and MT5 trading platforms which are the most popular in the world today.
  • AvaTrade – MT4, MT5 and AvaTrader.

Best Forex Brokers For Low Spread

Trading with a broker shouldn’t be a costly affair. Wide spreads means you are paying more, and it is affecting your profitability in one way or the other. The industry’s going rate is quite low and affordable. Top Forex brokers offer typical spreads within the range of 1.0 – 1.5 pips on EURUSD for standard and classic account. Top rated Forex brokers for low spreads

Best Forex Brokers For Leverages

Another possible benefit of the best Forex broker is the leverage of up to 1:200 these Forex brokers provide. Such ratios will be sufficient for most traders and are yet not dangerously high. Keep in mind that the leverage available to retail traders is capped in a lot of jurisdictions due to investor protection concerns – in the USA, Japan and throughout the EU. Furthermore, these brokers product portfolio is quite rich and diversified. Clients of these brokers are able to trade in many forex pairs and various CFDs, including wide range of cryptocurrencies. Top rated forex brokers that offer high leverages

Best Forex Brokers for Payment Options

Most professional Forex brokers have a wide range of choices for their customers. They accept bank wire in addition to master card, visa, e-wallets such as skrill, neteller and many more. This is to ensure that there is always a variety for traders who want to deposit in one form or the other. Not every trader is comfortable with bank wire. So this may be one reason why many traders will want to use one of the best brokers because the provide alternatives to wire deposits. Top rated Forex brokers with wide variety of payment methods.

  • TradeFred
  • easyMarkets – easyMarkets  accepts credit cards (Visa, Mastercard, Maestro, Visa electron), bank transfer and e-wallet systems, such as, Skrill, Neteller, WebMoney, SoFortüberweisung, American Express, Giropay, Ideal and UnionPay.

Best Performing Forex Brokers

To simplify interpretation, we think of ‘best’ as three separate levels of counter party performance level: Prime, Excellent, Good.

Prime Forex Brokers Rating

These brokers delivers an optimum trading experience for forex and CFDs traders across the globe. With competitive pricing, full-feature trading platforms, comprehensive market research, and an world class mobile app. Most of the time, prime Forex brokers require higher minimum deposit to get the best out of their features. Industry leaders are regulated in top regulatory hub.

Expert Score:

Excellent Forex Brokers Rating

Excellent Forex brokers are pricey and offers several unique features attractive to beginners. excellent Forex brokers offers their own in house Forex trading platform with or without the popular Metaquotes software – MT4 and MT5. Forex brokers considered excellent may or may not cover very vast asset classes and may not offer full featured Metatrader platforms. What more, for a broker to be a excellent broker, it must hold license from major regulatory hub like FCA UK, CySEC EU, ASIC Australia or registered with NFA US.

Expert Score:

Good Forex Brokers Rating

Not actually bad, but offers sub optimal trading features and platform below the excellent rating. This category of rating must also be regulated in major licensing jurisdictions like USA, UK, Cyprus and Australia

Expert Score:
Trusted Forex Brokers

Trusted Forex Brokers

We know it might seem challenging to choose a trusted Forex broker as a newbie, but trust us, it really isn’t. You no longer need to hire a 3rd party to do it for you. With our trust ranking algorithm, you can select a broker quickly and easily yourself from the comfort of your home, without needing any technical experience.

Popularity Of Foreign Exchange Trading Is Still On The Rise

Forex trading has been growing in popularity during this year and many traders want to know Forex broker popularity, how to compare different alternatives. If you are learning about Foreign exchange trading, the simplest definition is that it is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency’s absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: US$1 is worth X CAD, or CHF, or JPY, etc. Read More.

Best Forex Brokers at Forex Broker Expert has the best selection of Forex Brokers that are currently being the talk of the town for the numerous of positive reviews and 5-star ratings that they have received ever since they were introduced on the market. We are always on the lookout to bringing you the best Forex Broker recommendations so that all of your investments can have positive outcomes. The brokers that we recommend are considered breakthroughs on the market for Forex trading. For an experienced trader, one of the biggest benefits of these broker is that they offer tight spreads, fast execution and a team of experts on call around the clock. When it comes to new Forex traders that have not yet mastered the task of adequately reading graphs and charts, Forex brokers can help them with comprehensive education, demo account with virtual funds.

There is no doubt that the market offers many investment opportunities, but in order to receive a good return on the capital you opt to invest, you must know how to invest adequately and maintain control of operations. A successful investor devotes many hours to their investments. It is best to hunt for the best opportunities and even anticipate events that can incur in losses.

Forex Broker Expert

Over the past decade, forex trading platform technology has continued to evolve steadily across devices, with a shift from desktop to web and then to mobile. With ongoing enhancements to the user experience throughout the year, forex brokers compete for market share amid shifting regulations and the evolving needs of traders.

Whether you’re new to the markets or just looking to brush up on your skills, we offer a range of resources to help you find opportunities – and take your trading to the next level.

Discover a range of over 16,000 markets, with more added all the time.

CFDs come with a unique set of risks. You can take control of these using our risk management tools, and ensure you’re well-informed with our range of educational resources.

Inform your decisions with timely dispatches from large team of global analysts. Stay updated while trading, with in-platform feeds and signals.

  • Trade CFDs on FX, commodities, indices, cryptocurrenceis and more and take advantage of both rising and falling prices.
  • Fast, easy-to-use web platform
  • Apps optimised for all devices
  • Full suite of alerts and risk management tools
  • Advanced platforms and charting – MT4/MT5
  • Round-the-clock support

Trade quickly and smoothly, with technology designed to ensure that your trade goes through.

Metatrader is one of the most widely used trading platform on the market. It features nearly 100 in build market indicators, advanced set of charting tools and customizable trading robots, which can help you run automated trading sessions.

Top Rated Forex Brokers

BrokerMinimum DepositRegulation 
AvaTrade Broker$100Central Bank of Ireland, ASIC, JFSA, IIROC, FSB, FSCA, BVIForex Broker Website
$10FCA, CySECForex Broker Website
VantageFX Broker$200ASIC, CIMAForex Broker Website
EasyMarkets$100ASIC, CySECForex Broker Website
$100CySEC, US NFA, FSCForex Broker Website
$250N/AForex Broker Website
TradeFred Review$250ASIC, CySEC, VFSCForex Broker Website

What is a Forex Broker?

A forex broker works as an intermediary between you and the interbank system. If you don’t know what the interbank is, it’s a term that refers to networks of banks that trade with each other.

Typically Forex brokers will offer you a price from the banks of which they have lines of credit and access to forex liquidity. Many forex brokers use multiple banks for pricing, and they’ll offer you the best one available.

Forex Brokerage

Opening a Forex Broker Account

Personal Information

You need to tell the broker who you are and provide personal details about yourself. So be prepared to give:

  • Your Social Security Number, Tax ID Number, or equivalent
  • Date of birth
  • Any government-issued ID (driver’s license, passport, U.S. military ID, etc.) numbers, with the issue and expiration dates

Contact Information

Forex Brokers need your home address, phone number, and email address. Even though you’re operating in the virtual world, federal law requires you provide a physical address—where you actually live—but you can also give a P.O. Box or the equivalent as a mailing address.

Funding Account

How will you add funds to the account? Forex brokers often require an initial deposit to get your account activated and start trading (standard is between $250 and $500). To do that, you might be able to use your credit or debit card. Alternatively, you can provide routing and account numbers to create a link to a bank account.

With some Forex brokers, you’re done opening your account once you provide that information. You sign any legal agreements with an e-signature, and can start using the account almost immediately. Even small Forex brokers and banking firms accept e-signatures. If you have an idea of where you’d like to trade currency pairs, simply visit that institution’s website and look for an option to “Open an Account Now.”

Other Forex brokers let you begin your application online, but eventually require a signature. In such situations, you typically get a “Welcome Kit” in the mail containing any required documents, including a formal signature card. Although paper-check-writing is on the decline, these brokers still like your file to contain an official signature to verify a check or debit card purchase in the event of a dispute.

How to choose the Best Forex brokers

This section is for both experienced and novice traders looking rate and choose variety of Forex and CFD brokers. Be sure to check out at least the first point in this guide, if you are going to skim through this section. Because that is the singular most important point on our testing algorithm.

Financial Regulation – When the Forex Broker Expert reviews a new Forex or CFD broker, the best way to know if they are a legitimate broker is by checking for a valid license and the quality of the license. Many legal Forex brokers, are licensed by a local regulator like ASIC in Australia, FCA in the United Kingdom or by FSB South Africa.

Vantage Global Prime Pty Ltd trading under Vantage FX, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 428901, read more.

United States Forex Broker regulation

The two organizations tasked with licensing and regulating Forex entities are NFA and CFTC. These two bodies, the National Futures Association and Commodities Futures Trading Commission, are the governing bodies. Capital requirement for any broker doing business with United Stated clients must have a starting capital of $20 million. Regulated entities are not allowed to offer more then 50:1 leverage on major currency pairs. 20:1 is the maximum leverage set for minor currency pairs.

Brokers in the United States region are not allowed to trade with popular trading derivatives. These include CFDs or Contract for Difference, which is popular in most European countries. Any U.S based trader can only trade in exchange-traded derivatives in their accounts. And this is why most brokers prefer trading in Asia and European regions. The U.S has strict guidelines whose sole purpose is to protect the interest of the investor.

European Forex Broker regulation

Europe started Forex regulation in 2004 with brokers having a license to offer services to other EU countries. Each country still retains its financial regulatory authority as well as strict trading guidelines. Some of the reputable regulatory bodies in Europe include CONSOB, CySEC, FCA, SFBC, and others. Brokers tend to prefer countries with less stringent rules; most have established their brokerages in Cyprus. The Cyprus Securities and Exchange Commission is a favorite for most brokers.

Corporate Information – We look for credible information regarding ownership. Who are the actual owners of this website? Is it possible to know the names of the founding members? Who are the people running this website and why haven’t they posted their actual names? Now you know why you should stay away from this and any other online anonymous platform.

We go further to compare registered companies, addresses and servers to see whether they are linked to any notorious network.

Data SecurityYour 3rd consideration should be data security. To join any Forex platform, you must submit a vast amount of financial and personal information. Some of these documents include copies of your identification, such as passport, bank account details, and so on. A utility bill is also a huge consideration to prove your place of residence. If you get a Forex broker who fails to have reliable internet security, your data could be at risk. Account hacking has been a hotspot for identity theft.

Make sure to conduct a thorough review of a broker’s data and firewall security. The best brokers have DDoS protection and SSL Encryption. These brokers also ensure their websites have basic security features to protect against third party attacks. To avoid personal information falling into the wrong hands, go for a broker with two-factor authentication. By doing so, you will get a random security code for every entry.

Trading Platform – After checking their licensing and background information, the next step is to check how their platform works. Some Forex brokers offer web based platform, lacking some basic functionalities, readily available with professional trading platforms like the MetaTrader4.

MetaTrader4 on the other hand is equipped with nearly a hundred integrated market indicators and trading robots with the help which you can easily run algorithmic trading sessions. On top of that MT4 comes with an excellent set of advanced charting tools, see metatrader here.

Look at the many options available to investors using the AvaTrade Platform.

Which Platform Do You Think Traders Choose?

This Platform That You Can Customize

MT4 Platform
MT4 Platform

or This Platform With No Options

Simple web based platform
Simple web based platform

Try a Free Demo Account at:, and see how it is.

Trading Conditions – When we want to compare the trading conditions of each Forex broker, the major things we look at are minimum deposit, how high is the leverage, bonus and promotions, compare spreads and commission, execution speed, minimum trade size and multilingual Customer Support Team available 24/5.

Acceptable Minimum Deposit

Forex Broker Expert recommends average minimum deposit amount of $100-$250 for basic account in the Forex brokerage industry. Most of the brokers require a minimum deposit at this level. Some even go as low as $10 or none at all.  FCA regulated FXTM requires $10 and ASIC regulated EasyMarkets requires a minimum of $100 to open a standard account.

Spreads and Commissions

For comparing spreads, we use the benchmark EURUSD spread, because the Forex pair is the most popular. Here at Forex Broker Expert, the acceptable typical spreads is below 1.5pips. Vantage FX offers variable spreads with a very tight spreads on the Raw ECN account, averaged just 0.1 pips on EURUSD.

Acceptable Leverage

Maximum leverage ratios up to 1:500 is considered high and can only been seen legitimately in Australia. Some jurisdictions set limitations on leverage, which are significantly lower than this, i.e. 1:50 in the US and 1;25 in Japan.

Most brokers usually offer leverage of up to 1:200 or 1:400, for instance global broker Vantage FX, also holding an ASIC license, provides leverage up to 1:400.

Beware of managed account from a Market Maker

Though market makers are liquidity providers that make money whenever traders lose, one thing about using a market maker is reduced slippage and spreads. But Market Maker offering a managed account is a no for us and they never make it to our best Forex brokers page. Otherwise, if you accept managed account offer from a market maker, they will clearly be in a conflict of interest as they will have an incentive to “lose” your money in their own pockets.

Bonus Offer Warning!

One of the reasons while a broker will withhold your withdrawal request is because you accepted a bonus without knowing what is the terms and condition.  The broker might invariably require a minimum trade volume level, which quite too often traders do not read before applying a withdraw request, for instance XM is a Global broker with 2.5M+ clients. Leverage up to 888:1. Bonus up to $5000. T&Cs Apply.

Different types of Forex brokers

Another essential aspect to consider is how a broker executes the trade. There are five common types of services offered by the Best brokers. Each Forex trading model has a different way of executing orders for customers.

Dealing Desk Forex Broker – Any broker operating a dealing desk is usually a market maker. It means they offer a two-sided market with fixed dealing spreads. They typically make money through the bid/offer dealing spread that they have as quote.

No dealing deskA no dealing desk commonly referred to as NDD Forex broker provides investors with direct access to the interbank market. Brokers also use Straight Through Processing or STP. They let clients access the Forex market using Electronic communication Network (ECN). Commissions are made through market spreads or charge on each trade.

Electronic Commission Network (ECN)This type of broker displays real-time order book information. They quote directly from the interbank and charge a commission for each traded volume.

Straight Through Processing (STP)An STP broker uses a fully computerized system that processes trades directly into the interbank. With this type of broker, there is no third-party interference that is likely to introduce errors and delays.

Multilateral Trading Facilities (MTF) – A Multilateral Trading Facilities broker operates under the same rules as a regulated broker. They bring buyers and traders together under a non-discretionary law. Any MTF broker must ensure a fair trading system with more considerable discretion and faster order execution.


Contract agreement – We do not recommend Forex brokers that impose any restrictions on your right to withdraw your own money no matter how they twist the clause.

Client portal – You should also consider the communication process with the broker. Do they reply to emails fast? Is there a live chat where users can pour out their grievances? How often does a trader make a withdrawal?

Included in all Forex Brokers

Brokers Have Been Tested

All the Forex brokers that we mention on have been tested so that you don’t waste your time on online Forex brokers that are not worth your precious time. The fees of the brokers vary (majority of them do not charge commissions) but that doesn’t mean that some are better than others. The only difference among them is their features, but a lot of them do what they were designed to do, which is to serve you and thus help you become successful in your own right on the market.

Owned by Experts in the Currency Market Field

The Forex brokers mentioned on owned and operated by experts in the market field who know everything that there is to know on how a platform can benefit you. These experts know that time is very valuable in trading, so they made sure to design platforms that gets straight to the point and that is very easy to utilize.

Select Your Preferred Asset Types

The platforms of these Forex brokers offer investors a wide range of assets across the global Forex market. Since the brokers are middle men based on inter bank price data they provide, the platform helps users to invest in assets that they would not choose without this information. The Forex brokers are accessible 24 hours a day so you can invest where it’s most convenient for you. All you have to do is to select the asset type and the broker will deliver live price feeds for you.

First Class Operation

Countless of individuals from around the globe have already put these Forex brokers to the test and have been pleased with the results that they have attained from utilizing them. They have been so pleased that they have kept on using them and have referred them to their friends who are also investing on the market. These Forex brokers have not only been utilized by individuals investors, but they have also been utilized by institutions. They are as first class as it gets.

Easy Operating Structures

There are a couple of Forex brokers that are out there that have received mixed reviews and ratings due to their lack of features and for their difficult operating structure. The online Forex trading platforms that we recommend are currently on the best-selling lists due to their easy structure, which helps those individuals who are new in the market field succeed in great measure, and for the features that just make the whole trading experience much more pleasant.

Improving Profitability

The Forex brokers on this online site provide an excellent framework for investing in Forex and CFD trading, it provides investors with a simple and efficient system while offering a wide range of global assets, so that investors can improve their profitability using this type of software trading.

Forex Trading : A Convenient Way To Invest At All Times

  1. Forex trading online means you are free to trade anywhere in the world, provided of course you have a reliable internet connection
  2. Low charges and fees, compared with trading stocks and commodities
  3. There are fewer currency pairs to concentrate on, than the large numbers of stocks and shares
  4. Access is easy and usually only requires a couple of hundred dollars to get started
  5. Opening hours are Sunday 5pm EST, to Friday 4pm EST, which means you can trade whenever you want
  6. Forex is a volatile market, and traders have the opportunity to make a profit whether the market is rising or falling

About Us

Firstly, congratulations on doing your research and due diligence!

Secondly, a little bit about us and why we are qualified to provide this review.

Forex Broker Expert is recognised for being a source of ground-breaking, high-quality, factual content that doesn’t leave any stone unturned. Tens of thousands of traders have used our reviews as a springboard to greater levels of trading success.

is to provide a transparent review of Admiral Markets forex broker and to help guide you on your journey to finally finding a forex broker you can not only trust but be happy with.

At the end of the day, if you partner up with the wrong broker you can end up losing more money to fees, slippages and errors than actually trading yourself. Choosing a broker to partner with is a. big. deal…


In-depth Forex Broker Reviews ONLY available at

Here at Forex Broker Expert, we’re dedicated to helping you get started trading online and have your own forex account. Most importantly, we want to help you make a success of it. Since starting up in 2010, we’ve connected hundreds of thousands of readers to the right forex trading platform for their needs.
We do this through conducting our own research. We’re constantly testing (and re-testing) the most popular forex brokers on the market to give you completely impartial advice about every single broker we feature on our site. We even get people just like you to give them a go and give us their feedback.
Our aim is to provide you with the very best information so you can make an informed decision about which forex broker is best for you – and feel happy with your choice!

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