Top Forex Brokers
The 1st trick of forex trading is to choose the best broker and somehow it is the toughest to choose. So I am here to make it easy and simple for you. Here is my best forex brokers list !!
1. IC Markets:
IC Markets is my top favourite. It is the world’s largest true ECN australian forex broker, regulated by strong australian regulator named ASIC (AFSL No. 335692). It was licenced from CySEC too. So it is considered as one of the safest broker. From 2007 to till now it is running very successfully.
Why it is my favourite :
a) One of the world’s most safe broker to deposit, trade and withdraw at any time.
b) Spreads starting from 0.0 meaning that you can not get a broker as low as IC Markets.
c) Deposits and withdrawals are totally feeless.
d) IC Markets offers 24/7 customer support, whereas other brokers offer 24/5.
e) Commissions are also very low.
f) Ultra fast order execution. Average execution speeds of under 40ms.
Drawbacks:
a) IC Markets does not offer negative balance protection.
b) Instant withdrawal is not available as they needed some complience check.
So if you want to create an account in IC Markets, all you need to press the button below !
2. XM:
I love XM as my favourite too. In recent years it is the most popular broker now. It is regulated by the Financial Conduct Authority, UK (FRN: 705428), CySEC (Licence: 120/10), and ASIC (AFSL #443670).
Why it is my favourite :
a) One of the world’s most safe broker to deposit, trade and withdraw at any time.
b) Spreads are very low, which starts from 0.1.
c) Deposits and withdrawals are totally feeless.
d) Over 10,000 different instruments to trade, including 90 currency pairs.
e) Fast withdrawal, usually takes 2-4 hours.
f) You can start trading even with 10 $.
Drawbacks:
a) Spreads become slightly wider than the ECN brokers during news hours as it is MM broker.
So if you want to create an account in XM, all you need to press the button below !
3. Tickmill:
Tickmill is relatively new ECN broker established in 2014 regulated by FCA, CySEC, FSC and SC. As an ECN broker It becomes very popular now a days. It’s my 3rd favourite broker.
Why it is my favourite :
a) Very safe broker to deposit, trade and withdraw at any time.
b) Spreads are very low, which starts from 0.0
c) Offers negative balance protection.
d) Commission is very low compare to other brokers.
Drawbacks:
a) It still does not have MT5 platform. Only has MT4 and web trader.
So if you want to create an account in Tickmill, all you need to press the button below !
4. Exness:
Exness is a broker that offers both ECN and MM facilities. It was established in 2015 and it is a good regulated broker.
Why it is my favourite :
a) No commission at all (but ECN account charge commission).
b) The withdrawal is instant !!
c) Unlimited leverage.
Drawbacks:
a) It still does not have MT5 platform. Only has MT4 and web trader.
So if you want to create an account in Tickmill, all you need to press the button below !
5. Forex Time ( FXTM):
FXTM is also a very popular ECN/STP broker established in 2011 regulated by FCA, FSC, CySEC.
Why it is my favourite :
a) Very safe broker to deposit, trade and withdraw at any time.
b) No commission at all !!
c) No fees in deposit and withdrawal.
d) Offers instant withdrawal upto a limit.
e) You will get negative balance protection in FXTM.
Drawbacks:
a) Higher spreads than my other favourite brokers.
b) Higher spreads make the scalping very tough.
So if you want to create an account in FXTM, all you need to press the button below !