There are many forex brokers to choose from when you want to invest in the foreign exchange market. How do you know which one is right for you? And more importantly, how do you know which one is safe and reliable? In this article, we’ll list the 10 best forex brokers worldwide and provide information on what makes each one stand out from the rest. We’ll also give you tips on how to choose the one that best suits your needs.
How to choose a reliable forex broker?
When it comes to trading in the foreign exchange market, it’s essential to work with a broker you can trust. After all, your broker will be handling your money, and you need to know it’s in good hands. So, how do you choose a reliable forex broker?
These are just some of the things you should look for when choosing a Forex broker. If you take your time and do your research, you can be sure to find a reliable and trustworthy broker. And once you’ve found a good broker, you can start reaping the benefits of currency trading.
Regulations: First, you should ensure that the broker is regulated by a government body. This will give you peace of mind knowing that the broker adheres to certain standards and rules. Below are some reputable regulatory authorities:
ASIC – Australian Securities and Investments Commission
BaFin – Federal Financial Supervisory Authority (Germany)
CFTC – Commodity Futures Trading Commission (United States)
CySEC – Cyprus Securities and Exchange Commission
FCA – Financial Conduct Authority (United Kingdom)
FINMA – Swiss Financial Market Supervisory Authority
FMA – Financial Market Authority (Austria)
FSB – Financial Services Council (South Africa)
IFSC – International Financial Services Commission
FMA – New Zealand Financial Market Authority.
ISA – Israel Securities Authority
MFSA – Malta Financial Services Authority
VFSC – Vanuatu Financial Services Commission
DFSA – Dubai Financial Services Authority
Trading platforms: Most forex brokers offer some type of trading platform for you to use. Some platforms are better than others, so it’s worth doing some research to find one that suits your needs. You should also make sure the platform is easy to use and understand.
Fees and commissions: Last but not least, you should ensure that your chosen broker is competitive in terms of fees and commissions. You don’t want to pay more than necessary, so it’s worth looking for a broker that offers low spreads and fast execution.
Products: When looking for a Forex broker, you should also consider the products they offer. Some brokers only offer currency pairs, while others also offer CFDs, futures, and options. It’s important to find a broker that offers the products you’re interested in so you can start trading.
Fund security: Another thing you’ll want to consider when choosing a Forex broker is the security of your funds. This is important because you need to know your money is safe and secure. You don’t want to have to worry about your broker going bankrupt and losing all your money.
Reputation: When looking for a Forex broker, you should also consider its reputation. This is important because you need to know that the broker is reliable and trustworthy. You can learn a lot about a broker by reading online reviews or talking to other traders.
Customer service: As we mentioned earlier, customer service is another important factor to consider when choosing a Forex broker. You should ensure that the broker has someone available to help you 24/7. This is important because the currency market is open around the clock, and you never know when you might need assistance.
Spreads and Execution: Finally, you should ensure that the broker offers competitive spreads and fast execution. This will guarantee you get the best possible offer on your trades.
If you keep these aspects in mind, you shouldn’t have any trouble finding a reliable forex broker that meets your needs. Just be sure to do your research and only work with brokers you trust. With a little effort, you should be able to find the perfect broker for your trading needs.
The best Forex brokers in the world
Ultimately, choosing a reliable Forex broker is essential if you want to succeed in Forex trading. We’ve made your job easier by selecting the best currency brokers from around the world.
– Capital.com
– XTB
– Plus500
– Mercados.com
– ATM
– XM
– AvaTrade
– Axi
– Tickmill
Capital.com
Capital.com is a globally licensed broker serving traders in the foreign exchange market. Capital.com was launched in 2016 and is headquartered in Cyprus.
Image credit: Capital.com
Capital.com Regulations
Capital.com is an internationally licensed CFD broker. The broker is regulated by the following authorities:
UNITED KINGDOM: Capital Com (UK) Limited is authorized and regulated through the Financial Conduct Authority (FCA).
Belarus: Capital.com is authorized by the NBRB (National Bank of the Republic of Belarus)
Cyprus: Capital.com is also regulated by the Cyprus Securities and Exchange Commission (CySEC).
Australia: Capital.com is also licensed within Australia through the Australian Securities and Investments Commission (ASIC).
Seychelles: Capital.com is also regulated by the Financial Services Authority (FSA).
Capital.com Products
Capital.com is among the most reliable brokers in the forex market. It offers over 6,000 different assets, including more than 138 currency CFDs, over 3,600 stock CFDs, 22 commodities, and 22 indices.
Capital.com trading platform
They use their own platform (it’s the only AI-powered trading system that provides you with personalized trading data) and a trading platform that is available for trading on the Web, TradingView, MT4 and mobile apps.
Cost of Capital.com
There are no fees for trading through Capital.com. The minimum deposit is $20. However, for bank transfers, they require a minimum deposit of $200.
There is no minimum withdrawal amount; however, for transfers to a bank account, the minimum is $50. Capital.com does not charge fees for deposits or withdrawals.
Capital.com’s spreads change constantly, allowing you to get the most competitive price at any time.
Capital.com Customer Support
Capital.com’s customer service is top-notch. Chat support is available via the internet, WhatsApp, Viber, Messenger, Telegram, phone, or email.
Read the full review on Capital.com
Pros and cons of Capital.com
Pros
√ Variety of commercial instruments.
√ The award-winning trading platform
√ Unique learning tools for students.
√ Built-in economic calendar that includes exclusive webinars and market analysis.
√ 0% commission and no hidden fees
√ Market-leading spreads and fast order execution
√ High standards of security and privacy
√ Well regulated
Cons
– MetaTrader 5 is not available.
– A wide range of tradable symbols
If you want to trade with Capital.com, follow these steps to register for an account:
[su_button url=”https://atozmarkets.com/go-capital-com” target=”blank” style=”flat” size=”10″ center=”yes”]Opere en Forex con Capital.com[/su_button]
XTB
XTB is a global Forex and CFD broker. Its headquarters are in Warsaw, Poland. The broker was established in 2005. The company has offices in 13 countries, including Poland, the United Kingdom, Germany, France, the United Arab Emirates, and Chile.
Image credit: XTB
XTB Regulations
XTB may hold multiple licenses worldwide. The broker is regulated by the following authorities:
United Kingdom: The Forex broker is licensed through the UK Financial Conduct Authority (FRN 522157).
Dubai: XTB MENA Limited is authorized by the DFSA (Dubai Financial Services Authority).
EU: XTB Limited is authorized and regulated by the Cyprus Securities and Exchange Commission under license number CIF 169/12.
Outside the EU/UK: XTB International Limited is authorized and regulated by the International Financial Services Commission of Belize.
Apart from that, XTB as a group is also controlled by authorities including those of the KNF, IFSC, CMB and FSCA .
XTB trading platforms
Trading platform: xStation (web-based, desktop, Android, iOS, tablet). The platform offers a variety of tools for analyzing technical data, including 27 drawing tools and 37 indicators for technical analysis.
XTB Products
They provide 1849 CFDs on shares, as well as 138 ETFs, 23 commodities, 36 indices, five cryptocurrencies and 57 currency pairs.
Cost of XTB
The average spread for EUR/USD was 0.91 pips. The minimum deposit amount is $250.
There are no fees for deposits made via bank transfer, credit card, or debit card. They charge 2% for deposits made through Skrill and one cent for Neteller deposits.
XTB Limited does not charge any fees for withdrawals over $60. The demo account is only available for a limited time. Therefore, you may want to try several demo accounts to test their system. They do not charge commissions for trading in the forex market.
XTB Customer Support
Customer support is available 24/7. If you need assistance, contact them via chat. The platform is packed with tools for fundamental and technical analysis, as well as educational resources.
Pros and cons of XTB
Pros
√ The XTB xStation platform suite offers exceptional functionality, as well as numerous tools and features for operation.
√ The XTB provides low spreads
XTB offers a variety of informative videos and written materials. The company also offers over 200 classes through its Trading Academy.
√ XTB UK has recently launched zero commissions for CFDs on shares.
Cons
– MetaTrader 4 is not currently being promoted by XTB’s branch offices in the UK, Poland, and Cyprus.
If you are interested in trying it using XTB, you can use this link:
[su_button url=”https://atozmarkets.com/go-xtb” target=”blank” style=”flat” size=”10″ center=”yes”]Operar en Forex con XTB[/su_button]
Plus500
Plus500 is a world-leading online forex trading company. The company is authorized by various regulators worldwide and features a user-friendly trading platform.
Image credit: Plus500
There are over 2,000 instruments on Plus500. Plus500 Ltd. is listed on the London Stock Exchange.
Plus500 Regulations
Plus500 is regulated by several respected regulatory authorities around the world.
United Kingdom: Plus500UK Ltd is authorized and regulated by the FCA.
Cyprus: Plus500CY Ltd is approved and controlled by CySEC.
Singapore: Plus500SG Pte Ltd is licensed and authorized by MAS Singapore and IE Singapore.
Australia: Plus500AU Pty Ltd is authorized and regulated by ASIC.
New Zealand: Plus500 is also controlled by FMA.
South Africa: Plus500 is licensed through the FSCA, FSP.
Seychelles: Plus500SEY Ltd is approved and regulated by the Seychelles Financial Services Authority.
Plus500 trading platforms
Plus500 is a web-based trading platform accessible through any web browser. A desktop version is also available for download on your laptop or PC. There are no MT4 or MT5 versions. They also offer apps for Android and iOS.
Plus500 Products
They offer over 60 currency pairs and more than 17 cryptocurrencies, the most popular indices, commodities (gold, oil, and silver), popular stocks, options, and ETFs. The spreads offered by Plus500 depend on the instruments being traded.
Leverage ranges from 1:1 for cryptocurrencies to 11:30 for Forex.
Cost of Plus500
They don’t charge any trading fees. They make their money from swaps and spreads. They charge a $10 monthly inactivity fee for accounts that have been inactive for three months.
The minimum deposit is $100. Depending on the withdrawal method, there are different withdrawal limits. These can be found on the Plus500 platform’s withdrawal screen.
Plus500 Customer Support
Plus500 offers customer support in 32 different languages, including English, German, Greek, Italian, Spanish, French, Finnish, Danish, Swedish, Estonian, Russian, Romanian, Hebrew, Arabic, and Traditional and Simplified Chinese.
The platform is available 24/7 via chat and email. Most questions are answered in the FAQ section. However, if a customer cannot find their question there, they can start an online chat.
Read the full review of Plus500
Pros and cons of Plus500
Pros
√ Access to over 2000 CFDs
√ An easy-to-use and practical platform
√ Regulated by a variety of regulators
√ Guaranteed stop loss orders
√ Negative balance protection
Cons
Customer support is not available by phone.
– The broker is not available to US customers.
– The trading platform cannot be integrated with other trading tools or platforms
If you would like the option to trade with Plus500, you can do so via the following link:
[su_button url=”https://atozmarkets.com/go-plus500″ target=”blank” style=”flat” size=”10″ center=”yes”]Invierta en Forex con Plus500[/su_button]
Mercados.com
Markets.com is another top international forex broker. Established in 2008, Markets.com is a well-established brand and trademark owned by Finalto (BVI) Ltd, a subsidiary of Playtech, a FTSE 250 listed company.
Image source: Markets.com
Markets.com Rules
Markets.com is regulated by various regulatory authorities around the world:
Cyprus: Markets.com is operated and controlled through Safecap Investments Limited (Safecap) is controlled through CySEC.
Global: Markets.com is operated through Finalto (BVI) Ltd, which is licensed by the British Virgin Islands Financial Services Commission (FSC).
United Kingdom: Markets.com operated by Finalto Trading Ltd is regulated by the Financial Conduct Authority (FCA).
Australia: Markets.com, operated by Finalto (Australia) Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC).
Products from Markets.com
Markets.com offers over 2,230 CFDs on Forex, Stocks, EFTs, Indices, Commodities, Bonds, and Mixed Exchanges. For currencies, they offer all 67 currency pairs available to their traders.
Markets.com trading platforms
Markets.com offers an exclusive platform known as Marketsx along with MT4, MT5 and MT4, as well as mobile applications.
When you sign up to access Marketsx, you gain access to the widest range of fundamental, technical, and sentiment-based trading tools.
Cost of Markets.com
The minimum deposit amount is $100. There is no minimum withdrawal amount, except for bank transfers. The minimum transfer amount is $100.
They do not charge any transaction fees. However, they may charge transaction fees. Spreads fluctuate based on market fluctuations.
Its maximum leverage can be up to 1:300.
You will be charged an inactivity fee of $10 per month after your account has been inactive for 3 months.
Markets.com Customer Support
Markets.com’s customer support is available 24/7. They typically respond faster during business hours (9 AM to 5 PM). However, you can contact them via live chat and email at any time.
Read the full review on Markets.com
Pros and cons of Markets.com
Pros
√ Fast and free deposits, as well as withdrawals
√ Easy and quick account opening
√ Fantastic tools for studying and researching.
√ Competitive spreads and no commissions
Cons
– High commissions in foreign exchange trading
– The corridor is not accessible to customers from the United States and Canada, as well as those from Japan and Singapore.
To register an account at Markets.com, click here:
[su_button url=”https://atozmarkets.com/gomarkets” target=”blank” style=”flat” size=”10″ center=”yes”]Opere en Forex con Markets.com[/su_button]
Multibank Group
In our lists of the world’s best Forex brokers, Multibank is very popular. Multibank is among the largest currency brokers in the world and is headquartered in London. Multibank offers a wide variety of currency pairs, as well as CFDs, to clients who wish to trade.
Image credit: Multibank Group
Multibank regulations
The MultiBank Group comprises several companies that are closely supervised across five continents by 10 financial regulatory authorities in various regions, providing investor protection. The broker is regulated by the following regulatory authorities:
Australia: MEX Australia is regulated by the Australian Securities and Investments Commission.
Germany: Plus500 is supervised by the Federal Financial Supervisory Authority (BAFIN).
New Zealand: MEX Asset Management GmbH is authorized and regulated by the Financial Markets Authority (FMA).
Cayman Islands: MEX Atlantic Corporation is authorized and managed by CIMA.
British Virgin Islands: Multibank FX International Corporation is authorized and regulated by the British Virgin Islands Financial Services Commission (FSC).
Hong Kong: Red Rock Pay Ltd is authorized by the Hong Kong Customs and Excise Service (HKCE).
Singapore: MEX Global Markets PTE LTD. is authorized and operated by the Monetary Authority of Singapore (MAS)
Pacific Region: MEX Pacific (V) Ltd is authorized and regulated by the Vanuatu Financial Services Commission (VFSC).
Multibank trading platforms
Traders can select one of the trading platforms offered by the MultiBank Group. These trading options are available.
MetaTrader 4
MetaTrader 5
WebTrader
Social trade
Mobile app
MultiBank Products
Looking at investment opportunities, MultiBank offers currencies, metals, stocks, indices, commodities, and cryptocurrencies.
MultiBank offers over 55 major, cross, and exotic currency pairs, with highly competitive spreads. EUR/USD spreads start at 0.0 pip on an ECN account. For enthusiasts, MultiBank offers Gold and Silver with tighter spreads of 7 cents on Gold and 3 cents on Silver. MultiBank also offers CFDs on stocks, providing access to 20,000 shares from the largest multinational companies listed on the world’s leading stock exchanges.
MultiBank offers major indices from around the world. You can trade leading indices such as the US30, S&P 500, DE30, UT100, UK100, AUS200, and more. They offer 16 major commodity CFDs. Spreads start at zero pips and are lower on margin. MultiBank provides crypto-fiat pairs for trading. They offer, for example, BTC/USD (Bitcoin), ETH/USD (Etherium), LTC/USD (Litecoin), RPL/USD (Ripple), and many more.
MultiBank offers three types of accounts: Standard, Pro, ECN, and Demo. All account types support Social Trading.
They offer an Islamic account for use with stocks, cryptocurrencies, indices, and commodities. This account can only be used for standard accounts.
They also have an exclusive Mex Sports account for the MT5 platform.
In the case of Forex spreads, spreads start from zero in an ECN account, and can vary depending on the type of account you have.
MultiBank offers leverage of 1,500 on metals and currencies. For stocks, it’s 1:20; for indices, 1:100; and for crypto, 1:20.
Cost of MultiBank
They don’t charge any commission on Standard and Pro accounts, but on ECN accounts it costs $3 per lot.
They offer a range of deposit options including bank transfers and credit cards.
The minimum withdrawal amount is $50 for cards or online, while for bank transfers it is $100.
They don’t charge fees for withdrawals or deposits. Deposit and withdrawal times vary depending on the payment method, as they offer a variety of options.
MultiBank Customer Service
Trading requires a lot of help from brokers. They provide 24/7 support, which is truly remarkable. Customer service is accessible via WhatsApp, online forms, live chat on the website, and 24/7 phone support. We found their live chat to be extremely fast and efficient.
Read the full Multibank review
Advantages and disadvantages of multiple banks
Pros
√ They provide more than 20,000 assets
√ Spreads as low as 0 pips and leverage up to 1:500
√ They have accounts for MAM/PAMM and their own copy trading platform.
√ Multibank offers ECN trading with significant liquidity, and no quotes are required.
Cons
Scalping is not allowed at Multibank
– They are well-off and have limited educational resources
Want to try Multibank? You can do so through the following link:
[su_button url=”https://atozmarkets.com/go-multibank” target=”blank” style=”flat” size=”10″ center=”yes”]Operar en Forex con Multibank[/su_button]
XM Group
XM is a well-known choice for currency traders because it offers a wide range of account types and various tradable instruments. In 2009, XM Global Limited launched its online trading platform under the XM brand. Today, they have over 5 million customers and 600 employees operating worldwide. XM operates in 190 countries.
Image credit: XM
XM Regulation
XM is a global forex broker that is authorized and regulated by reputable regulatory authorities:
Cyprus: The company is authorized and regulated by CySEC (Cyprus Securities and Exchange Commission).
Australia: XM is regulated by the Australian Financial Services Licence by ASIC (Australian Securities and Investments Commission).
Belize: XM is authorized and regulated through the IFSC (International Financial Services Commission).
XM Products
XM offers CFDs on currencies and cryptocurrencies, and cryptocurrencies for stock indices, commodities, precious metals, energy and shares.
They offer a variety of real-time account types: Micro Account, Standard Account, XM Ultra Low Account, Shares Account, Islamic Account, and Demo Account.
They can help you take advantage of ratios between 1:1 and 1:888.
XM offers 57 FX pairs. This includes minor, major, and foreign exchange rates. They offer 31 cryptocurrency-to-currency pairs. There are eight commodities in the market, including cocoa, soybeans, coffee, cotton, corn, copper, sugar, and wheat.
By trading stocks, you can access over 1,246 of the most powerful companies in the United States, as well as other stock markets. Stock trading can be done through CFDs.
It is also possible to trade indices with XM. They offer more than 14 indices, including the US500, US100, UK100, and US30, among others.
You can also trade silver, gold, oil, natural gas and WTI crude oil on XM.
They also offer accounts for trading stocks. With this account, you can buy shares on stock exchanges in the United States, the United Kingdom, and Germany.
XM trading platforms
XM clients can start trading on MT4 as well as the MT5 platform, which is available on PCs, Macs, and various mobile devices. Clients can also trade using XM WebTrader, which is accessible directly through their web browser.
Coste de XM
XM does not charge any fees for deposits or withdrawals. It’s free, but the minimum deposit required with the XM service is only $5, except for stock accounts. For stock accounts, the minimum deposit can be up to $10,000.
XM does not charge commissions, except for the share trading commission. The company makes money from spread and swap fees.
The commission for US stocks is 0.04 percent per share, with a minimum of $1 per transaction. For UK stocks, it’s 0.10 percent of the share price, with a minimum commission of $9 per transaction. Additionally, for German stocks, the commission is 0.10 percent per sale, with an average of $5 per transaction.
XM Customer Support
XM’s customer service is one of the most pleasant customer service experiences we’ve had compared to other forex brokers. XM offers live chat support 24/7, as well as basic phone and email support.
We were able to chat via live chat in a very short time, which was a remarkable feat. Furthermore, the broker can provide customer support in 26 languages.
Pros and cons of XM
Pros
√ A CFD with low stock and withdrawal costs.
√ Easy and quick process to open a new account
√ Fast and efficient customer service
√ Low minimum deposit
Cons
– Limited product portfolio
– Average index of the CFD rate for stocks and currencies
If you are interested in doing business with XM, you can do so by clicking on this link:
[su_button url=”https://atozmarkets.com/golivexm” target=”blank” style=”flat” size=”10″ center=”yes”]Operar en Forex con XM[/su_button]
AvaTrade
AvaTrade is another well-known international forex broker. It offers a range of account types and a variety of trading instruments. Founded in 2006, AvaTrade has proven to be a market leader in the online financial industry and has a long track record of customer loyalty.
Image credit: AvaTrade
AvaTrade Regulations
AvaTrade is authorized and supervised by various regulators around the world:
Ireland and Cyprus: Avatrade is regulated by the Central Bank of Ireland and the Cyprus Securities Commission in Europe.
Poland: AvaTrade is regulated by the Polish Financial Supervisory Authority.
Australia: AvaTrade is regulated by ASIC in Australia.
AvaTrade Global: AvaTrade has been supervised by the British Virgin Islands Financial Services Commission for its worldwide operations.
Japan: AvaTrade is regulated by the Financial Services Agency and the Japan Financial Futures Association in Japan.
Middle East: AvaTrade is under the supervision of the Financial Regulation Services Authority (FRSA) for the Middle East
Israel: AvaTrade is regulated by the Israel Securities Authority in Israel.
AvaTrade trading platforms
The broker offers a range of different manually operated trading options. These include the popular MetaTrader 4, MetaTrader 5, WebTrader, AvaOptions for options trading, and AvaTradeGo for on-the-go trading.
Automated trading is available through DulpiTrade and ZuluTrade.
AvaTrade Products
They offer a variety of options for 55 currency pairs, as well as options to trade 55 currency pairs, 14 cryptocurrency pairs, CFDs on shares of major companies worldwide, ETFs, bonds, indices, and commodities. Broker spreads start at zero, and leverage can reach up to 1:400.
Cost of AvaTrade
AvaTrade is completely free of any fees or charges on trades or transactions. Profits are generated by trading spreads and swaps, as well as by trading.
The minimum deposit amount will be 100 USD in the base currency.
When you transfer funds from credit cards or e-wallets, the minimum amount may be calculated as one base currency for your account. When you are making a transfer to a bank withdrawal, the minimum amount you can withdraw is 100 base currencies.
AvaTrade Customer Support
The broker offers live chat support via chatbot and live agents. They also offer WhatsApp support as well as 24/7 phone support. I’ve checked out their live chat. They’re quick to respond.
Pros and cons of AvaTrade
Pros
√ A wide range of instruments are available including cryptocurrencies, stocks, and commodities.
√ Multi-platform trading platform, including the highly respected AvaTradeGO app.
√ AvaTrade is a member of EAs
√ They compete on leverage and spreads.
√ Customer funds are held in separate accounts for added security.
√ AvaTrade licenses its services to operate in Europe, Australia, Japan, the British Virgin Islands, the UAE, and South Africa.
√ Customer service is extremely fast in its response.
Cons
– The company does not provide services for Belgium, Brazil, the Democratic People’s Republic of Korea (DPRK), New Zealand, Türkiye, and the United States.
– Telephone support is not always available.
If you wish to trade with AvaTrade, you can do so by clicking on the link:
[su_button url=”https://atozmarkets.com/go-avatrade” target=”blank” style=”flat” size=”10″ center=”yes”]Operar en Forex con AvaTrade[/su_button]
Axi
Established in 2007, Axi is a well-known and trusted broker, headquartered in Sydney, Australia. Axi is an official brand owned by AxiCorp Financial Services Pty Ltd (AxiCorp). It quickly gained traction and became a household name internationally.
Image credit: Axi
Axi regulations
Axi has been authorized and is regulated by various renowned regulatory authorities around the world.
Australia: AxiCorp is authorized and supervised by the Australian Securities and Investments Commission (ASIC)
Dubai: AxiCorp Financial Services Pty Ltd (DIFC Branch) is regulated by the Dubai Financial Services Authority (DFSA).
United Kingdom: AxiCorp (Axi UK) is regulated and authorized through the Financial Conduct Authority (FCA).
Vincent and the Grenadines: Axitrader (owned by AxiCorp) is registered with the Financial Services Authority.
Axi trading platforms
Axi is a MetaTrader broker. Axi offers the MT4 Next Gen plugin. MT4 is a widely accepted Forex trading platform used by retail Forex traders. It features a unique capability that allows traders to work with a variety of options. Additionally, it offers a range of built-in functions that enable traders to create their own Expert Advisors (EAs).
Axi also offers MetaTrader 4, a web-based trading platform that allows you to trade on any device without downloading any software. Android and iOS versions of the MT4 app are available for download through the Play Store and the Axi App Store.
Axi Products
Axi is a MetaTrader broker that allows traders to trade hundreds of currency pairs, over 50 stock CFDs, over 30 index CFDs, over 14 commodities such as oil and metals, and over 11 cryptocurrency CFDs.
Axi offers four types of accounts for traders: Standard Account, Pro Account, Elite Account, and Demo Account. They have a leverage of 1:400.
Axis Cost
Axi does not charge commissions on Standard accounts. On the Pro account, the commission is $7 for standard lots. It is $3.50 on the Elite account.
Standard and Pro accounts do not require a minimum deposit; however, the minimum deposit for the Elite Account is $25,000.
Axi Customer Service
Axi’s customer service is available 24 hours a day, Monday through Friday. Merchants can contact them free of charge from certain countries by dialing specific phone numbers listed on their website.
Operators can use the live chat feature for instant support. The international number and email address are as follows.
Pros and cons of Axi
Pros
√ MT4 NextGen Premium Add-on Bundle
√ There are no trading fees and no account closure or inactivity costs
√ There are no deposit or withdrawal fees.
√ There is no minimum deposit requirement to open a Standard and Pro account
Cons
– It does not offer the MT5 trading platform
Customer service is only available on weekends
If you are interested in negotiating with Axi, you can do so at the following link:
[su_button url=”https://atozmarkets.com/go-axi” target=”blank” style=”flat” size=”10″ center=”yes”]Operar en Forex con Axi[/su_button]
Tickmill
Tickmill is a global broker. They offer a range of advantages and features, including a demo account where you can test trading before depositing real money. The company was founded in 2014 and is licensed by various regulatory bodies.
Image: Tickmill
Tickmill Regulations
Tickmill is a regulated and multi-licensed CFD broker. The broker is authorized by the following regulators:
United Kingdom: Tickmill UK is regulated by the Financial Conduct Authority (FCA)
Europe: Tickmill Europe Ltd is authorized and regulated through the Cyprus Securities and Exchange Commission (CySEC).
Seychelles: Tickmill Ltd is authorized by the Seychelles Financial Services Authority (FSA).
Malaysia: Tickmill Asia Ltd is licensed and regulated by the Financial Services Authority of Labuan, Malaysia.
South Africa: Tickmill South Africa Pty is regulated through the South African Financial Sector Conduct Authority (FSCA).
Tickmill trading platforms
Tickmill’s trading platforms have been created for different types of traders. Their Tickmill Website Trader platform offers a simple and easy-to-use interface, ideal for beginners. Tickmill MetaTrader 4 and 5 are more sophisticated platforms suitable for experienced traders.
Tickmill also offers mobile trading platforms for iPhone, iPad, and Android devices.
Tickmill Products
Tickmill clients can trade a variety of instruments, including forex, CFDs and futures, stocks, and metals. Tickmill offers its clients high-quality spreads, fast execution, and negative balance protection.
Tickmill offers over 60 currencies, 27 stock indices, and oil. Tickmill also offers 8 cryptocurrency pairs, including 4 bonds, and 3 metals for Malaysian traders. On the MT5 platform, Tickmill offers stock CFDs.
Tickmill has Classic, Pro, VIP, Islamic and Demo accounts.
Tickmill Cost
The minimum deposit amount for Classic and Pro accounts is $100. However, for VIP accounts, the minimum balance is $50,000.
If you have a Classic account, there are no commissions and spreads start at 1.6 pips. For the Pro account, the commission is $2 per standard lot. For VIP accounts, the commission is $1 per standard lot. Spreads start at zero pips for both VIP and Pro accounts. All account types include Islamic account options. Leverage for Forex trading is 1:500.
Both deposits and withdrawals are completely free. The minimum deposit amount is $100, and the minimum withdrawal amount is $25.
Tickmill Customer Service
Tickmill’s customer service is accessible via live chat, email, and phone. Phone support is prompt and the information is relevant.
Tickmill’s live chat is moderately fast, but the staff members are willing to help. For example, they’ll take pictures to help you understand the issues. One thing we didn’t have was 24/7 access to the service. Overall, we’re satisfied with the customer service provided by Tickmill.
Pros and cons of Tickmill
Pros
√ Customer service is fast and multilingual, available 24 hours a day.
√ The payment options are great
√ Quick withdrawal and secure deposit.
√ Welcome Account Bonus
√ Low spread and high leverage
Cons
– There is a limited selection of market options available for trading.
– The price of the Tickmill Classic account is not exactly the same as that of other competitors.
Want to trade with Tickmill? Set up a live trading brokerage account:
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Conclusion
So, that’s it for our list of the best Forex brokers worldwide. We hope you found this information helpful and that it helps you make an informed decision about which broker is right for you. Have you had any good or bad experiences with any of these brokers? Let us know in the comments below—we love hearing from our readers. And don’t forget to share this article with your friends and followers on social media so they can benefit from all this valuable information too. Finally, we’d like to ask you: which Forex broker do you like best?