Reviews

Reviews

5.0 Overall

Best Overall/Most trusted

Minimum Depostit  $100

Platforms and tools 5 stars

FxPro is a globally trusted broker, having more than 20 years of excellence, trading with thousands of instruments, having fast execution and deep liquidity.

Having 103+ UK and International awards makes this broker the best overall broker to choose.

FxPro has four trading platforms to choose from and 24/5 multilingual costumer support.

Pros

  • Fully licensed and regulated.
  • Excellent trading platforms and tools, advanced technical indicators, and ultra-fast execution- orders are filled in under 13 milliseconds.
  • Excellent multilingual costumers support team
  • Excellent reputation in the industry
  • Great educational and research materials
  • Easy funding and withdrawal methods

Cons

  • Inactivity fee – after 6 months of inactivity

The Best Forex Broker for Beginners

5.0 Overall

Excellent Fully Regulated Broker

Minimum Deposit $250

5/5 stars rating based on analyzing 300+ criteria, testing the broker’s trading platforms and tools.

IG’s parent company was founded in 1974.

IG is fully regulated and dedicated to serving over 313,000 clients worldwide, across 16 countries and 5 continents.

IG offers excellent trading package, featuring excellent trading and research tools and great educational resources.

Pros

  • IG is fully regulated, making it a safe broker (low-risk) for forex and CFDs trading
  • Easy to use trading platforms
  • Excellent educational Resources
  • Low trading and non-trading fees

Cons

  • The web trading platform needs some manual configuration
  • Inactivity fee – after 24 consecutive months of inactivity

4.90 Overall

Excellent for Advanced Traders

Minimum Deposit  $2000

4.9/5 stars rating based on analyzing 300+ criteria, testing the broker’s platforms and tools

Saxo Bank is excellent broker, fully licensed and regulated in 15 financial centers worldwide.

Having superb trading platforms and excellent trading tools, make Saxo Bank one of the best forex brokers.

Saxo Bank is great choice for advanced traders with well-funded accounts.

Pros

  • Trading platforms are top of the line.
  • Over 40,000 tradeable instruments
  • Excellent customer service

Cons

  • High Minimum Deposit
  • Recommended for Advanced traders. Beginners may find its platforms complicated to use

The Best Forex Broker for Beginners

4.70 Overall

Good Broker/Excellent for Beginner Traders

Minimum Deposit  $100

4.7/5 stars rating based on analyzing 300+ criteria and testing the broker’s trading platforms and tools.

Plus 500 is trusted global brand, which is great for beginner traders because it offers user friendly trading platforms and good educational materials.

It is secured and protected, licensed, and regulated by variety of global regulators and has professional costumer service support.

The company is a rapidly growing CFD provider and currently offers its portfolio of over 2800 instruments.

Pros

  • Founded in 2008, Plus500 is regulated in four tier-1 jurisdictions and four tier-2 jurisdictions.
  • User – friendly web trading platforms, great for beginner traders
  • Advanced trading tools
  • Easy account opening process

Cons

  • Withdrawal takes longer time
  • May not attract advanced traders, because of narrow selection of market research

4.70 Overall

Minimum deposit $10

4.7/5 stars rating based on analyzing 300+ criteria and testing the broker’s trading  platforms and tools

Etoro was founded in 2007.

It is market-leading global investment community where traders have the ability to copy the trades of experienced investors and opportunity to get in touch with their investing strategies.

It has multi-assets trading platforms.

Pros

  • Fully licensed and regulated.
  • Multi – asset platforms
  • User friendly platforms, make eToro great for beginner users
  • Social trading- a community of over 30 million users
  • Investing with experts – unique portfolios and ability to copy top traders

Cons

  • Algorithmic trading strategies are not supported at eToro
  • Stops-loss and take-profit mandatory on trades

4.60 Overall

Great Broker

Minimum Deposit  $0.00

4.7/5 stars rating based on analyzing 300+ criteria and testing the broker’s platforms and tools.

CMC Markets provide its clients with ultimate trading experience by their excellent trading platforms, dynamic charting capabilities and excellent execution control. They have an extensive range of risk management features.

CMC Markets is fully licensed and regulated, worldwide trusted broker.

Pros

  • Founded in 1989, CMC Markets is publicly traded and regulated in five tier-1 jurisdictions alongside two tier-2 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs;
  • CMC markets has low trading cost;
  • CMC MARKETS has excellent intuitive online trading platforms.

Cons

  • Costumer support only 24/5;
  • Inactivity fee $15 per month for inactivity over 1 year.

The Best Forex Broker for Beginners

4.60 Overall

Great broker/ Excellent educational materials

Minimum deposit 0$

4.6/5 stars rating based on analyzing 300+ criteria and testing the broker’s platforms and tools.

XTB has almost 20 years of excellent work, delivering to its costumers best possible trading experience.

XTB has great trading platforms, excellent market research tools and experienced costumer service team.

XTB is one of the largest FX & CFD brokers in the world.

XTB is regulated by some of the world’s biggest supervision authorities: FCA, KNF, CySEC, and FSC.

Pros

  • XTB is fully licensed and regulated one tier-1 jurisdiction, making it a safe broker (low-risk) for trading forex and CFDs
  • XTB has great trading platforms and market research tools
  • Great customer service

Cons

  • Inactivity fees $10.00 per month, after 1 year of inactivity