In certain situations, currency trading is a precise science, and most traders concentrate on EUR/USD pairs. The forex market provides several advantages to traders seeking a highly liquid market. Monday through Friday, you can trade 24 hours a day. To trade forex, you must first open an account with a brokerage that provides online forex trading services.
You will need an online broker to trade forex. The top forex trading platforms provide additional perks and trading tools designed particularly for understanding volatile currencies. Trading with a reputed and recognized forex broker is also essential for success in the global currency or financial markets. You may have unique needs as a currency trader or investor in terms of the trading platform, tools, or research. Understanding your investment style can assist you in selecting the best FX broker for you.
I’ve narrowed down these 5 brokers that are highly trusted and the best forex trading platform after studying and testing the top brands in the financial markets.
- IG – (LSE: IGG) – It is a globally regulated and reputable organization that offers traders the best trading experience possible, as well as research tools, industry-leading education, affordable prices, and a diverse range of tradeable assets. IG is the finest forex broker in 2021 as a result of this outstanding all-around experience.
Pros –
– A wide range of services are available.
– Accepts clients from the United States
– Regulated by FCA (U.K.) & CFTC, NFA (U.S.)
– Prioritizes Education and research.
– Client accounts in the United Kingdom and the European Union are protected.
- CMC Markets – (LSE: CMCX) – CMC Markets is a renowned worldwide broker that offers traders a superb product with competitive pricing and approximately 10,000 tradeable instruments. With its flagship Next Generation web app, CMC Markets (LSE: CMCX) provides the greatest forex trading platform, which includes quality research, comprehensive trading tools, and strong charting.
Pros –
– A wide range of services are available.
– Regulated by FCA (U.K.)
– Education and customer service are prioritized.
– The research facilities are among the best in the industry.
– Provides account security for clients.
- eToro – eToro is known for its easy-to-use copy-trading platform, which allows traders to duplicate investor trades across over 2300 assets, including ETFs, forex, CFDs, and well-known cryptocurrencies. A $50 minimum deposit is required to trade with the broker. eToro presently allows clients from most US states where it is registered as a Money Services Business with the US Financial Crimes Enforcement Network (FinCEN), rather than with the NFA and CFTC as an online broker. In the EU, the corporation is also regulated in Australia, the United Kingdom, and Cyprus.
- CapitalXtend – CapitalXtend is a multi-award-winning Forex and CFD broker with over 300 financial instruments spread across many asset classes. Forex, Stocks, Spot Metals, Spot Energies, Indices, and Cryptocurrencies are among the CapitalXtend MT4 Forex Trading products and services offered by CapitalXtend to a global clientele. The broker offers zero-pip spreads, cheap commissions, and quick transaction execution speeds. A copy trading platform, as well as a choice of account and funding options, are available to traders in addition to the intuitive MetaTrader platforms. A $100 minimum investment is required, with dynamic leverage of up to 1:1000 available.
- Saxo Bank – For traders who can afford the USD 10,000 minimum deposit, Saxo Bank offers competitive pricing, outstanding trading platforms, brilliant research, solid customer support, and over 40,000 instruments to trade (GBP 500 for the UK).
