Forex news

Steven Hatzakis is the Global

Benzinga’s picks for the in 6 key categories appear below along with details about each broker and a screenshot of their trading platforms. As you read through your options, remember that the majority of forex brokers can help you open a basic account and begin your investing journey. With these 6 brokerage houses, you are choosing based on the services and extras they provide above and beyond what a traditional broker would do. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and an exhaustive list of other important fee-based data points. The company has also failed to introduce a social trading or a copy trading platform, which are nowadays a permanent fixture of online brokerages. There is no ECN or STP account on offer since the broker acts as a market maker with an automated dealing desk protocol.

  • Unfortunately, the largest time period that myfxbook offers is 2 days so we needed to keep an eye on the data every other day for one month.
  • HotForex is a multi-asset forex broker with regulation through several reputable market regulators.
  • The foreign exchange, also known as forex, is a global marketplace for buying and selling currency pairs.
  • In addition, beginner-friendly platforms offer forex trading education and demo accounts.
  • XTB is the undisputed leader in the FX trading market for the best market research and trading education, with traders getting access to more than 2100 global markets.
  • Steven Hatzakis is the Global Director of Research for

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives DotBig stock trading as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

Best Forex Brokers For Professionals, registered with the Commodity Futures Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. First, if they buy DotBig stock trading or go long a currency and it goes up in value versus the sold currency, then they earn a profit. Second, if they sell or go short a currency and it goes down versus the bought currency, then they also profit.

Best forex broker

We would recommend traders stay away from unregulated brokers like Marketsxo and trade with licensed brokers. FX Today is not a regulated or licensed broker for traders even though it states offers that look good to be true. FX Today claims to be owned and operated by FX Today LLC, a company regulated by the Saint Vincent and the Grenadines Financial Services Authority with company number 1202. Blueberry Markets is a well-regulated ECN and STP broker based in Australia.

Be Mindful And Alert When Trading Currencies With A Forex Broker

They are always traded in pairs and in each currency pair one is a ‘base currency’ and the other one is a ‘quote currency’. Nevertheless, the raw spread access and the low barrier to entry make FP Markets a highly reliable option for retail traders.

Best forex broker

The Exness broker is recognized as being a stable and reliable online broker ideally suited to the retail and professional forex trader, allowing them to trade in a comfortable trading environment. EToro is a very popular online broker, especially for its social trading functionality. This feature combines a social media-type environment where traders can share their trading opinions and ideas. Social trading also allows the trader to check the performance of other traders in the network, Forex as well as to automatically copy their strategies thanks to the CopyTrader ™ and CopyPortfolios ™ function. Opening a trading account is easy and only requires a first deposit of $ 100. Additionally, AvaTrade is one of the best brokers offering negative balance protection, so you never have negative balance issues when trading with leverage. Here at, we take pride in helping our readers find the best possible financial service providers and avoid fraudsters.

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