Choosing the best Forex Broker can be difficult. We review brokers based on safety (regulation), what they offer, and their pricing. We are currently updating our list to find the best Forex Brokers 2020.
Choosing the best Forex Broker for you is integral to your ongoing trading success. The best Forex Brokers are safe, low cost to trade, and have a range of products designed to support their clients ongoing success in the markets.
Forex Brokers offer different types of accounts with different trading conditions. You can usually choose between fixed fees per trade or variable spreads. The size of spreads depend on market liquidity, which means the larger brokers can offer lower spreads.
As a forex trader, you are obviously interested in paying low fees and low spreads, and it is up to you to investigate any broker you are willing to trade with. We recomend trading with a Forex broker that offers low, variable spreads, with a fixed commission.
Your money is most important, and the broker has to be best in class. You want your money to be safe and withdrawals to be instant. Don’t deal with brokers who will ask you to wait days for withdrawal approvals. Some forex brokers require up to five business days for a withdrawal, which is ridiculous.
Most brokers work with e-wallets, which are the best way to deposit and withdrawal money. The money transactions via e-wallets are instant and the fees are lower, making them preferable for many traders.
ASIC regulated Forex Brokers keep client funds in an Australiaon bank account, so you can be sure your money is safe if you are with an Australian, ASIC regulated broker.
As a Forex Trader you want to know your money is safe, keep your costs to a minimum, and have good trading conditions. All brokers we recomend are regulated, low cost, and have excellent trading conditions.