There are many Forex brokers to choose from when you are looking 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 will list the top 10 Forex brokers worldwide, and provide information about what makes each of them stand out from the rest. We will also provide tips on how to choose the right one for your needs.
Top Forex Brokers 2024
How to Choose a Reliable Forex Broker?
When it comes to Forex trading, it is essential that you work with a broker that you can trust. After all, your broker will be handling your money, and you need to know that it is in good hands. So, how do you choose a reliable Forex broker?
These are just some of the things that you should look for when choosing a Forex broker. By taking your time and doing some research, you can be sure to find a broker that is reliable and trustworthy. And once you have found a good broker, you can start reaping the benefits of Forex trading.
Regulations: First of all, you want to make sure that the broker is regulated by a government agency. This will give you some peace of mind knowing that the broker is held to certain standards and rules. Below are some of the reputable regulatory authorities:
ASIC – Australian Securities and Investments Commission
BaFIN – The Bundesanstalt für Finanzdienstleistungsaufsicht (Germany)
CFTC – Commodities and 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 Board (South Africa)
IFSC – International Financial Services Commission
FMA – Financial Market Authority New Zealand.
ISA – Israel Securities Authority
MFSA – Malta Financial Services Authority
VFSC – Vanuatu Financial Services Commission
DFSA – Dubai Financial Services Authority
Trading Platforms: Most Forex brokers will offer some sort of trading platform for you to use. Some platforms are better than others, so it is worth doing some research to find one that suits your needs. You should also make sure that the platform is easy to use and understand.
Fees and Commissions: Last but not least, you need to make sure that the broker you choose is competitive when it comes to fees and commissions. You don't want to be paying more than you have to, so it is worth shopping around for a broker that offers low spreads and fast executions.
Products: When you are looking for a Forex broker, you should also take into account the products that they offer. Some brokers only offer currency pairs, while others also offer CFDs, futures, and options. It is important to find a broker that offers the products that you are interested in so that you can get started with your trading.
Fund Security: Another thing you will want to consider when choosing a Forex broker is fund security. This is important because you need to know that your money is safe and sound. You don't want to have to worry about your broker going bankrupt and losing all of your money.
Reputation: When you are looking for a Forex broker, you should also take into account their 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 before, customer service is another important factor to consider when choosing a Forex broker. You want to make sure that the broker has someone available to help you 24 hours a day, seven days a week. This is important because the Forex market is open 24 hours a day, and you never know when you might need some help.
Spreads and Execution: Finally, you want to make sure that the broker offers competitive spreads and fast executions. This will ensure that you are getting the best possible deal on your trades.
If you keep these things in mind, you should have no problem finding a reliable Forex broker that can meet your needs. Just make sure to do your research and only work with brokers that you trust. With a little bit of effort, you should be able to find the perfect broker for your trading needs.
Best Forex Brokers in the Worldwide
All in all, choosing a reliable Forex broker is essential if you want to be successful in Forex trading. We have made your job easier by picking best Forex Brokers worldwide.
- Capital.com
- XTB
- eToro
- Plus500
- Markets.com
- Multibank
- XM
- AvaTrade
- Axi
- Tickmill
Capital.com
Capital.com is a globally licensed broker that is available to traders in the forex market. Capital.com was launched in 2016 and has its headquarters 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:
UK: Capital Com (UK) Limited is licensed and controlled through the Financial Conduct Authority (FCA).
Belarus: Capital.com is licensed by NBRB (National Bank of the Belarus) (National Bank of the Republic of Belarus)
Cyprus: Capital.com is also controlled 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 controlled under the Financial Service Authority (FSA).
Capital.com Products
Capital.com is among the most reliable brokers in the forex market. It offers more than 6,000 different assets that include the 138+ CFDs for currency as well as more than 3600 shares in CFDs 22 commodities and 22 Indices.
If you are from Asia, you would love our Best Forex Broker in Asia 2024 article.
Capital.com Trading Platform
They use their own proprietary Platform (World's the only AI driven trading system that gives you customized trading data) and an trading platform that is available for trading on the Web, TradingView, MT4 and mobile apps.
Capital.com Cost
There aren't any fees charged for trading through Capital.com. The minimum deposit is $20. However, for bank transfer they require a minimum deposit of $200.
There's no minimum withdrawal amount, however for transfer to a bank account, the minimum is $50. There aren't any charges for deposits or withdrawals in Capital.com
Capital.com's spreads are constantly changing making it possible to get the most competitive price at any time.
Capital.com Customer Support
Capital.com Customer service is top-notch. Chat support is available via the internet, WhatsApp, Viber, Messenger, Telegram, phone or email.
Read Full Review of Capital.com
Capital.com Pros & Cons
Pros
√ Variety of trade instruments.
√ The award-winning trading platform
√ Unique learning tools for students.
√ Economic calendar built-in including exclusive webinars and market analysis.
√ 0% commission & no hidden fees
√ Market-leading spreads and quick execution of orders
√ High security and privacy standards
√ Well regulated
Cons
- MetaTrader 5 is not available.
- A wide range of tradeable symbols
If you'd like to trade with Capital.com follow here to sign up for an account:
Alternative Forex Brokers
XTB
XTB is a world-wide Forex as well as CFD broker. Its headquarters is at Warsaw, Poland. The broker was established in 2005. the company has offices in 13 countries, including Poland, the UK, Poland, Germany, France, UAE and Chile.
image credit: XTB
XTB Regulations
XTB can be licensed multi-time throughout the globe. The broker is controlled by the following authorities:
United Kingdom: The Forex broker is licensed through the UK Financial Conduct Authority (FRN 522157).
Dubai: XTB MENA Limited is licensed by DFSA (Dubai Financial Services Authority).
EU: XTB Limited is licensed and regulated by the Cyprus Securities and Exchange Commission with CIF Licence number 169/12.
Non-EU/UK: XTB International Limited is licensed and regulated through the International Financial Services Commission in Belize.
Apart from that, XTB as a group is also controlled by authorities which include those of the KNF, IFSC, CMB and FSCA.
Are you from Europe, then read our Best Forex Broker in Europe 2024 article
XTB Trading Platforms
Trading Platform: xStation (Web Based, Desktop, Android, iOS, Tablet). There is a variety of tools to analyze technical data through the platform. There are 27 drawing tools, as well as 37 indicators for technical analysis.
XTB Products
They provide the 1849 CFDs on stocks as well as 138 ETFs, 23 commodities, 36 indices five cryptocurrencies and 57 forex pair.
XTB Cost
The spreads averaged on EUR/USD were 0.91 pip. The the minimum deposit amount is $250.
There aren't any fees when making deposits via the bank transfer, credit card or debit cards. They charge 2% for deposits made through Skrill and one cent for Neteller deposits.
XTB Limited doesn't charge any fees to withdraw when the amount is greater than $60. Demo account is available for duration of only a few days. Therefore, if you wish, to try several demo accounts to try out their system. For trading in forex, they do not charge commissions.
XTB Customer Support
Customer support is available all hours of the day. If you need help contact them via the chat. The platform is packed with tools to conduct fundamental and technical analysis, as well as educational tools.
XTB Pros and Cons
Pros
√ XTB xStation platform suite offers outstanding functionality, as well as numerous tools and features to trade.
√ XTB provides low spreads
√ XTB offers a variety of informative videos and written material. The company also provides more than 200 classes through the Trading Academy.
√ XTB U.K. recently launched Zero-dollar-commissions for CFDs in shares.
Cons
- MetaTrader 4 isn't currently being promoted by offices of the XTB's U.K, Poland, and Cyprus branches.
If you're interested in giving it a shot using XTB it is possible to use this link:
eToro
eToro is a well-known trader on social media. It has over around 10 million members, and is easy to begin with due to their distinctive interface.
image credit: eToro
The highly effective trading tools of eToro can aid you in locating the best brokers that you can replicate and trade profitably.
eToro Regulations
eToro has been licensed by and is regulated by various regulators across the globe:
Cyprus: eToro Europe is controlled by the Cyprus Securities & Exchange Commission (CySEC).
United Kingdom: eToro (UK) Ltd is authorized and controlled by the Financial Conduct Authority (FCA).
Australia: eToro AUS Capital Pty Ltd is authorized to operate by the Australian Securities and Investments Commission (ASIC).
USA: eToro USA is run through eToro USA LLC, registered with FinCEN.
If you are from USA, read our Best Forex Brokers in the USA 2024 article.
eToro Products
They have 49 currency pairs. They also have 32 Commodities, 13 Indices, 2711 stocks, 264 EFTs, and 51 Cryptocurrencies.
eToro Trading Platforms
They do not have MT4 or MT5 however they do have their own Platform together with an online platform and mobile application.
eToro Cost
The minimum amount for eToro could range from $100-$200.
eToro does not charge charges for deposits. However, withdrawal fees are $5. If you wish to withdraw funds in currencies other that are not USD the customer is subject to conversion costs. For money transfers via wire, eToro deposits are instant. The amount of time needed to withdraw depends on the method of payment that is employed.
Spreads start as low as 1 pip. eToro has leverage of 1:30 for forex pairs.
eToro Customer Support
They offer exceptional customer service via email, phone or call-back, in addition to live chat over the web.
eToro Pros & Cons
Pros
√ Trading with ETFs or stocks could be totally no cost.
√ It is easy to open a new account.
√ One of the most popular social trading platforms.
√ A minimum balance is required to open a new account and to begin investing.
Pros
- Quality of customer service must be improved.
- The currency that is the base of the account isn't the only one.
- The cost of non-trading charges is high.
If you are interested in trading with eToro then you can follow this link:
Alternative Forex Brokers
Plus500
Plus500 is a world-class leading online retailer of forex trading. The company is licensed by a variety of regulators around the world and have a user-friendly trade platform.
image credit: Plus500
There are more than 2000 instruments on Plus500. Plus500 Ltd is listed on the London Stock Exchange.
Plus500 Regulations
Plus500 is regulated by various respected regulatory authorities across the globe.
United Kingdom: Plus500UK Ltd is licensed and regulated under the FCA.
Cyprus: Plus500CY Ltd is approved and controlled by CySEC.
Singapore: Plus500SG Pte Ltd is licensed and licensed by MAS Singapore and IE Singapore.
Australia: Plus500AU Pty Ltd is licensed and regulated by ASIC.
New Zealand: Plus500 is also controlled by FMA.
South Africa: Plus500 is licensed through FSCA, FSP.
Seychelles: Plus500SEY Ltd is approved and regulated by Seychelles Financial Service Authority.
If you are from Africa, read our Best Forex Brokers in South Africa 2024 article.
Plus500 Trading Platforms
Plus500 is an exclusive platform for trading (web browser-based platform). It's accessible through any web browser. It is also possible to download the desktop edition for your laptop or PC. There is no either MT4 nor the MT5. They also offer Android as well as iOS apps.
Plus500 Products
They provide 60+ Currency pairs and 17+ Cryptocurrencies, the most popular Indices, Commodities (Gold, Oil and Silver), Popular shares, Options, and ETFs. The spreads offered by Plus500 depend on the instruments you're trading.
Leverage ranges from 1:1 for Cryptos to 11:30 for Forex.
Plus500 Cost
They don't charge any charges for trading. They earn their money from swaps and spreads. They charge an inactivity charge of 10 dollars per month for accounts that has been inactive for three months.
The minimum deposit of $100. Based on withdrawal methods there are different limits for withdrawals. It can be found in the withdrawal screen on the Plus500 platform.
Plus500 Customer Support
Plus500 offers customer support in 32 different languages which includes 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 through chat and email. There is an answer to the majority of questions within the FAQ area. If however, the customer are unable to find their query in the FAQ, they may start chat on the internet.
Plus500 Pros & Cons
Pros
√ Access to more than 2000 CFDs
√ A easy-to-use and practical platform
√ Regulated by a variety of regulators
√ Guaranteed stop loss orders
√ Protection against negative balance
Cons
- Support for customers isn't available by phone
- The broker is not available for U.S. clients
- The trading platform cannot be integrated in conjunction with other tools to trade or platforms
If you'd like the option of trading with Plus500 You can do this through the following link:
Markets.com
Markets.com is another top international forex broker. It was established in 2008 Markets.com is an established brand and trademark owned through Finalto (BVI) Ltd, an affiliate of Playtech which is a FTSE 250-listed firm.
image source: Markets.com
Markets.com Regulations
Markets.com is controlled by a variety of regulatory authorities across the globe:
Cyprus: Markets.com is operated and controlled through Safecap Investments Limited (Safecap) is controlled through CySEC.
Global: Markets.com is managed through Finalto (BVI) Ltd is licensed through the BVI 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).
Markets.com Products
Markets.com has 2230+ CFDs on Forex, Stock, EFTs, Index, Commodities, CFDs, Bonds, and Blends. For forex, they have the 67 currency pairs that are available to their traders.
Markets.com Trading Platforms
Markets.com provides an exclusive platform known as Marketsx in conjunction with MT4, MT5 and MT4 as well as mobile apps.
When you sign up for Marketsx access, you have access to the most extensive range of fundamental, technical and trading tools built around sentiment.
Markets.com Cost
The minimum deposit amount is $100. When it comes to withdrawals, there's no minimum except for wire transfer. The minimum wire transfer is $100.
They do not charge any charges for transactions. However, they may charge fees for transactions. The spreads fluctuate according to the market's fluctuations.
Their maximum leverage could be up to 1:300.
They will charge you an inactivity fee that is $10 per month after your account has not been active for 3 months.
Markets.com Customer Support
Markets.com Support for customers is available all hours of the day and 7 days per week. They usually respond faster during the working hours (9am until 5 pm) However, you're in contact by live chat and email at any time.
Read Full Review of Markets.com
Markets.com Pros & Cons
Pros
√ Fast and free deposits as well as withdrawal
√ Easy and quick opening of accounts
√ Fantastic tools for studying and researching.
√ Competitive spreads and no commissions
Cons
- High forex trading fees
- The broker isn't accessible to clients from those from the US and Canada as well as Japan and Singapore.
To sign up for an account with Markets.com, Click here:
Top Forex Brokers 2024
Multibank Group
On our best Forex broker lists around the world, Multiple is very popular. Multibank is among the largest forex brokers around the world. It is headquartered in London. Multibank provides a wide variety of currency pairs as well as CFDs to clients who wish to trade.
image credit: Multibank Group
MultiBank Regulations
MultiBank Group consists of several companies that are closely monitored on five continents, by 10 financial regulatory authorities in various regions, providing protection to investors. The broker is regulated by the following regulatory authorities:
Australia: MEX Australia is managed by the Australian Securities & Investments Commission.
Germany: Plus500 is supervised by The Federal Financial Supervisory Authority (BAFIN).
New Zealand: MEX Asset Management GmbH is licensed and regulated by the Financial Markets Authority (FMA).
Cayman Islands: MEX Atlantic Corporation is licensed and managed by CIMA.
British Virgin Islands: Multibank FX International Corporation is licensed and regulated by the Financial Services Commission of the British Virgin Islands (FSC).
Hong Kong: Red Rock Pay Ltd is licensed with the Hong Kong Customs and Excise (HKCE).
Singapore: MEX Global Markets PTE LTD. is licensed and managed by Singapore's Monetary Authority of Singapore (MAS)
Pacific Region: MEX Pacific (V) Ltd is licensed and regulated by the Vanuatu Financial Service Commission (VFSC).
Multibank Trading Platforms
The traders can select one of the platforms from the range of trading platforms offered by MultiBank Group. They provide these trading options.
MetaTrader 4
MetaTrader 5
WebTrader
Social Trading
Mobile App
MultiBank Products
If we look at the opportunities for investment, MultiBank offers Forex, Metals, Shares, Indices, Commodities and Cryptocurrencies.
MultiBank offers more than 55 major, cross - as well as exotic currencies and offers the most competitive spreads. The EUR/USD spreads start at 0.0 pip on the form of an ECN account. If you're a enthusiast, MultiBank has Gold, Silver with 7 cents tightest spreads on Gold, and 3 Cents Tightest spreads on Silver. MultiBank provides CFDs for stocks. They offer 20,000 equity shares of the biggest multinational corporations that are listed on the best stock exchanges around the world.
MultiBank offers important indices from around the globe. It is possible to trade the major indexes such as US30, SP500, DE30 and UT100. UK100, AUS200 and more. They offer 16 major commodity CFDs. Spreads start at zero pip and are lower in margins. Multibank provides Crypto-Fiat pairs to use to trade. They have, for instance, BTC/USD (Bitcoin), ETH/USD(Etherium) LTC/USD (LiteCoin) RPL/USD (Ripple) and many more.
MultiBank provides three kinds of accounts. Standard, Pro, ECN accounts, and Demo accounts. All types of accounts support Social Trading.
They offer Islamic account to use for Shares, Crypto, Indices and Commodities. This account can only be used for Standard accounts.
They also have an Mex Sports account exclusively for the MT5 platform.
For Forex Spreads, spreads begin from zero on an ECN account, and can vary in accordance with the type of account you hold.
MultiBank offers 1.500 leverage on metals and forex. For shares 1:20, for Indices 1:100, Crypto 1:20
MultiBank Cost
They don't charge any charges for commissions on Standard and Pro accounts but for ECN accounts, they cost $3 for each lot.
They offer a range of deposit options including bank transfers and credit cards.
Minimum amount to withdraw is $50 for cards or online, while for bank transfers, it's $100.
They don't charge fees for withdrawals or deposits. The time for deposit and withdrawal is different dependent on the payment method because they offer a variety of ways to pay.
MultiBank Customer Support
Trading requires lots of help from the brokers. They provide support 24/7 which is truly remarkable. Customer support is accessible via Whatsapp and form filling, live chat on the web and a 24/7 telephone call. We found their live chat extremely fast and efficient.
Multibank Pros & Cons
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 substantial liquidity, and there are no quotes that are requoted
Cons
- Scalping is not permitted on Multibank
- They are affluent and have limited educational resources
Want to try Multibank? It is possible to do this through the following link:
XM Group
XM is a well-known option for forex traders due to the fact that it has a wide range of types of accounts as well as various tradable instruments. In 2009, XM Global Limited started its trading online platform as a brand under the name XM. Today they have over 5 million customers and 600 employees operating all over the globe. XM operates across 190 countries.
image credit: XM
XM Regulations
XM is is a global forex broker that is licensed and regulated by reputable regulatory authorities:
Cyprus: The company is licensedand controlled through CySEC (Cyprus Securities and Exchange Commission).
Australia: XM is regulated by the Australian Financial Services License by ASIC (Australian Securities and Investment Commission).
Belize: XM is licensed and controlled through IFSC (International Financial Service Commission).
XM Products
XM offers Forex CFDs and Cryptocurrencies, and Cryptocurrencies for Equity Indices stock, Commodities, Precious Metals, Energies and Shares.
They offer a variety and types of real-time accounts. Micro Account, Standard Account, XM Ultra Low Account, Shares Account, Islamic Account and Demo Account.
They can help you leverage between 1:1 and 1:888.
XM provides 57 FX pairs. This includes minor, major and foreign exchange rates. They provide 31, Crypto to Fiat Currency pairs. There are eight commodities on the market which include Cocoa, Soyabean, Coffee Cotton, Corn, Copper, Sugar and Wheat.
If you trade stocks, you are able to access greater than 1246 most powerful companies within the US as well as other markets for stocks. Trading shares can be done through CFDs.
It is also possible to trade Indices with XM. They provide 14+ Indices, which comprise US500, US100, UK100, US30 and more.
You can also trade silver, gold, Oil Crude, Natural Gas and WTI oil on XM.
Additionally, they have accounts to trade shares. With this account you'll be able buy shares on the US, UK and German stock exchanges.
XM Trading Platforms
Customers of XM can begin trading on MT4 as well as the MT5 platform that is available via PCs, as well as Macs and various mobile devices. Customers can also have trading using XM WebTrader which is accessible immediately through your web browser.
XM Cost
XM doesn't charge any charges on deposits or withdrawals. It's free, but the minimum deposit needed with the XM service is only $5 except for shares accounts. For Shares Accounts the minimum deposit can be as much as $10,000.
XM does not charge commissions except the commission for Shares Trading. The company earns money from spread and swap fees.
Commission for Shares in the United States is 0.04 percent per share, and the minimum being 1 Commission for each transaction. For shares in the UK, it's 0.10 percent of shares, which includes the minimum of $9 commission for every transaction. Also, for German Shares, it's 0.10 percent per sale, with the average is $5 per transaction.
XM Customer Support
XM customer service is among the most pleasant customer support experiences we've had in contrast with other brokers for forex. XM provides live chat support all hours of every day and also basic phone and email support.
We were able chat through live chat in a very short time and it was a remarkable feat. Furthermore the broker can provide support to clients in 26 languages.
XM Pros & Cons
Pros
√ A low-stock CFD and withdrawal costs.
√ Easy and fast process for opening a new account
√ Customer support that is prompt and efficient
√ Low minimum deposit
Cons
- Limited product portfolio
- Average index of stock and foreign exchange CFD fee
If you are interested in trading with XM You can do so by clicking this link:
AvaTrade
AvaTrade is another well-known international forex broker. It provides a range of account types as well as an array of trading instruments. AvaTrade was founded in the year 2006. Avatrade has proved itself to be a market leader in the financial industry online, and has a long track record with customer loyalty.
image credit: AvaTrade
AvaTrade Regulations
AvaTrade is licensed and monitored by a variety of regulators around the world:
Ireland and Cyprus: Avatrade is regulated by the Central Bank of Ireland and Cyprus Securities and Exchange Commission in Europe.
Poland: AvaTrade is regulated by the Polish Financial Supervision 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 Financial Futures Association of Japan in Japan.
Middle East: AvaTrade is under the supervision of the Financial Regulatory 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 different trading options that are manually operated. These include the famous MetaTrader 4. MetaTrader 5, WebTrader, AvaOptions for options trading and AvaTradeGo to trade at the go.
Automated trading is available through DulpiTrade and ZuluTrade.
AvaTrade Products
They offer a variety of options for 55 Forex pairs, as well as options for trading with 55 Forex pairs, 14 cryptocurrency pairs, CFDs on stock of large corporations across the world, ETF, Bonds, Indices and Commodities. Spreads for brokers begin at zero and leverage is as high as 1:400.
AvaTrade Cost
AvaTrade is completely free of charges or charges for the trades or transaction. Profits are generated by trading spreads and swaps, as well as from trading.
The minimum amount for deposit will be 100 USD in the base currency.
When you transfer funds from credit cards or E-wallets the minimum amount can 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 of 100 currencies base.
AvaTrade Customer Support
The broker provides live chat support through chat bot and live agents. They also offer WhatsApp support as well as 24/7 phone support. I've looked at their live chat. They are quick in their responses.
AvaTrade Pros & Cons
Pros
√ A wide range of instruments are available that includes Cryptocurrencies, Stocks, Commodities.
√ Multi-platform trading platform, including the highly well-respected AvaTradeGO application.
√ AvaTrade is a member of EAs
√ They compete in leverage and spreads.
√ The client's funds are kept in separate accounts for greater security.
√ AvaTrade licenses its services to operate in Europe, Australia, Japan, British Virgin Islands, UAE and South Africa.
√ Customer support is extremely prompt in responding.
Cons
- The company does not provide services for Belgium, Brazil, Democratic People's Republic of Korea (DPRK), New Zealand, Turkey, USA.
- Support by phone is not always available.
If you'd like to trade with AvaTrade you can do this by clicking on the link:
Axi
It was established in 2007 Axi is a well-known and trusted broker, with its headquarters at Sydney, Australia. Axi is an official brand that is owned by AxiCorp Financial Services Pty Ltd (AxiCorp). It quickly established its name and became a household name internationally.
image credit: Axi
Axi Regulations
Axi was licensed by and is regulated by a variety of reputable regulatory authorities all over the world.
Australia: AxiCorp is authorised and monitored by the Australian Securities & Investments Commission (ASIC)
Dubai: AxiCorp Financial Services Pty Ltd (DIFC Branch) is regulated through Dubai Financial Services Authority (DFSA).
United Kingdom: AxiCorp (Axi UK) is regulated and licensed through the Financial Conduct Authority (FCA).
Vincent & the Grenadines: Axitrader (Owned by AxiCorp) is registered with the Financial Services Authority.
Axi Trading Platforms
Axi is an MetaTrader broker. Axi offers added the MT4 Next Gen add-on. MT4 is an accepted trading platform for forex that is widely used by forex traders who trade on the retail market. It comes with a unique feature that allows traders to work with a variety of options. Additionally, there are a variety of functions that are integrated for traders to create the EA they want to use.
Axi also provides MetaTrader four, a web-based trading platform that lets you trade on any device without the need to download any software. Android and IOS versions of the MT4 app are available to download via the Play store and the app store for Axi.
Axi Products
Axi is a MetaTrader-broker who allows traders to trade hundreds of currency pairs, 50+ CFDs for Stocks, 30+ index CFDs, 14+ Commodities such as oil, metal, and 11 CFD Cryptocurrencies.
Axi offers four kinds of accounts for traders. Standard Account, Pro Account, Elite Account and Demo Account. They have leverage of 1:400.
Axi Cost
Axi does not charge commissions on Standard accounts. In the Pro account, the commission will be $7 for standard lots. It's $3.5 in the Elite Account.
If you have Standard and Pro accounts they don't require a minimum deposit however the Elite Account minimum deposit is $25,000.
Axi Customer Support
The customer service at Axi is accessible 24 hours a day from Monday to Friday. Traders can reach them at no cost from certain countries by dialing certain phone numbers that are listed through their site.
Traders can utilize the live chat feature for instant assistance. The international number. and email address are as follows.
Axi Pros & Cons
Pros
√ Premium MT4 NextGen add-on package
√ There are no trading fees at all and there is no account closure or inactivity cost
√ There are no deposit or withdrawal fees.
√ There is no minimum deposit requirement to open a Standard and Pro account
Cons
- It doesn't offer MT5 trading platform
- Customer Support is only available on weekends
If you are interested in trading with Axi You can do so by clicking the following link:
Tickmill
Tickmill is a world-wide forex broker. They offer a range of benefits and features, with a demo accounts where you can test trading before putting real money in. The company was founded in 2014 and holds licenses from a variety of regulatory bodies.
image credit: Tickmill
Tickmill Regulations
Tickmill is an regulated and multi licensed CFD broker. The broker is licensed by the following regulators:
United Kingdom: Tickmill UK is controlled by the Financial Conduct Authority (FCA)
Europe: Tickmill Europe Ltd is licensed and regulated through the Cyprus Securities and Exchange Commission (CySEC).
Seychelles: Tickmill Ltd is licensed under the Seychelles Financial Services Authority (FSA).
Malaysia: Tickmill Asia Ltd is licensed and is regulated by the Labuan Financial Services Authority, Malaysia.
South Africa: Tickmill South Africa Pty is controlled through the Financial Sector Conduct Authority of South Africa (FSCA).
Tickmill Trading Platforms
Tickmill trading platforms have been made for different kinds of traders. Its Tickmill Website Trader platform offers a straightforward and user-friendly platform ideal for novices. Tickmill MetaTrader 4 and 5 are more sophisticated platforms that are suitable for traders with experience.
Tickmill also provides trading platforms on mobile for iPhone, iPad, and Android devices.
Tickmill Products
Clients of Tickmill can trade a variety of instruments, such as forex, CFDs and futures, stocks, and metals. Tickmill provides its customers with high-quality spreads, quick execution and protection against negative balances.
Tickmill provides 60+ currencies, it provides 27 Stock indexes and oil. Tickmill also provides 8 crypto 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 amount for depositing classic and Pro accounts is $100. However, for VIP accounts, the minimum balance is $50,000.
If you have a classic account There is no commission, and spreads start at 1.6 pip. For the Pro account, commission will be $2 for a standard lot. For VIP accounts, commission will be $1 for a standard lot. Both VIP and Pro accounts, spreads start at zero pip. All kinds of accounts come with Islamic account options. Leverage to Forex trading is 1:500.
The withdrawal and deposit are both absolutely free. The minimum sum of deposit is $100, and the minimum amount for withdrawal is $25.
Tickmill Customer Support
The customer service at Tickmill is accessible via live chat, email as well as by telephone. We found support via phone to be quick and the information are relevant.
Tickmill's live chat is moderately quick, but staff members are ready to help. For example, they'll snap pictures to assist you in understanding issues. One thing we didn't have was access to the service 24 hours a day. In the end, we are pleased with the customer service provided by Tickmill.
Tickmill Pros & Cons
Pros
√ Customer service is prompt and multilingual, available 24 hours a day.
√ The payment options are great
√ Fast withdrawal and secure deposit.
√ Welcome account bonus
√ Low spread and high leverage
Cons
- There is a limited selection of market options is accessible for trading.
- The price for the Tickmill Classic account isn't exactly the same like other competitors.
Do you want to trade using 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 will assist you in making 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 to hear 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 want to ask – which Forex broker do you like the best?
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