Review of Best Forex Brokers
Here at Fxprofiles we have compiled a list of the best forex brokers currently available in order to compare them, so you don’t have to. You will be able to check out the all-important pros and cons of each, helping you to make an informed decision about the brokers before you choose to open a live trading account and enter the forex market. In our dedicated review sections, we take a closer look at everything you need to know about what’s on offer for new forex traders.
Choosing the Right Broker
The world of forex trading is a busy one, occupied by hundreds of brokerage firms, each vying for the attention of potential traders and clients. It is one of the most competitive marketplaces in the world, meaning there is a huge amount of choice available to individual traders. Sifting through all this can be a somewhat daunting and unenviable task for some, but fear not, we are here to help. Our team of experts have put together informative and in-depth reviews of a carefully selected list of forex brokers to make that choice for you. We outline the advantages and disadvantages of each broker, with useful comparisons on the type of accounts offered, the fees involved, and how to start trading forex with the best brokers on the web.
IG Forex Broker
Founded in 1974 as a spread betting company, IG Markets is an online trading and CFDs broker, serving more than 239,000 clients around the world. Based in the UK, the broker offers access to more than 17,000 markets, with traders being able to buy and sell thousands of shares and ETFs, as well as choosing a managed wealth portfolio. This broker is considered to be a specialist in offering Option trading, and also has an established education and research section for beginner traders to learn how to trade forex.
FxGiants is a CFD and forex broker offering six types of trading accounts and more than 300 financial instruments to trade on, which includes: forex, metals, indices, cryptocurrency, futures, and shares. This broker is regarded as a good option for both beginners and experienced traders, and has a wide range of payment methods available for the depositing and withdrawing of client funds. Established in 2015, FxGiants enables users to trade on the industry-leading MT4 trading platform across iOS, Android and desktop devices. The broker has an efficient customer support network in place, with client issues and queries being resolved promptly and competently.
IronFX is one of the most established brokers on the market, having been founded in 2010. The company has a strong reputation as a customer-oriented broker, with a market-leading and award-winning client support desk operating 24/7. Currently serving more than 1.2 million customers from 180 countries worldwide, IronFX offer access to more than 300 trading instruments across six asset classes, as well as multiple account and payment options. The broker also has a comprehensive educational program, featuring a wealth of online trading resources, including hints and tips, blog articles, educational videos and a trading glossary, among others.
Based in Estonia and founded in 2001, Admiral Markets is another well-established forex and CFD broker. Traders have the option to choose from four trading accounts, while the company offers access to both MT4 and MT5 trading platforms. A demo account is also available, with up to $10,000 of virtual funds, so traders can practise their trading strategies before entering the real-world markets. Admiral Markets also has an extensive research and education section for beginners and advanced-level traders, which includes trading signals, fundamental and technical analysis, heat maps, and more.
AvaTrade is a broker offering online trading, as well as copy trading and mobile trading. Established in 2008, the company provides trading on MetaTrader and copytrading on ZuluTrade and DupliTrade. AvaTrade allows for trading on a range of assets, including forex, cryptocurrency, options, indices, bonds, stocks, ETFs and commodities. In terms of trading accounts, both professional and Islamic account options are available, while a good variety of payment methods are offered to clients to deposit and withdraw funds from and into.
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