The Most Popular Forex Brokers on the Market
Forex trading is based on the idea of exchanging one currency for another on the foreign exchange market. Of course, every investment contains certain risks, meaning that investors can quickly lose more than their initial investments. Thus, it is important to find an online broker that would enable a reliable and convenient environment for trading operations. Here is the list of the most popular forex brokers operating all over the world.
Plus500 is a CFD provider positioning itself as a market maker type of forex broker. Apart from the major forex currency pairs, you can also manage almost 2000 tradable CFDs. Compared to most online brokers, Plus500 does conduct trading operations through the classic MT4 or MT5 platforms. Instead, traders can proceed with the trading routine through the web, desktop and mobile platforms. Plus500 can be an excellent choice for beginners and professionals due to the ease of use of its proprietary platforms. The minimum deposit requested by Plus500 is only $100. But before you start playing “big,” it is highly recommended to explore the resource via a full unlimited demo account. This will let you learn the proprietary trading platform from inside and out.
FOREX.com is the subsidiary company of “GAIN Capital” regulated by a number of regulatory authorities such as FSA in Britain, ASIC, FSA in Japan, CFTC/NFA. The broker aims to offer competitive and transparent prices, innovative technologic approaches, and strong relationships with the liquidity providers. It provides its customers with an opportunity to trade in the world exchange market. At FOREX.com, the major benefits you can rely on include good orders processing, analytical resources from the expert traders, and efficient customer support operating 24/7. Also, the broker's website features a special section for traders aiming to improve their competence in the field of the stock exchange.
AvaTrade is considered to be one of the top-notch international forex brokers in Ireland and other countries across the world. It is one of just a few forex brokers that offer fixed spread trading options. At AvaTrade, you can manage different account types, including a retail account for standard trading, an account for optional trading, and a separate spread betting account. With the minimum deposit of just $100 and an availability of a demo account, you can start mastering the trading routine step by step. If you decide to fund your account, you will be able to do so through a wire transfer, credit card deposit, or eWallet, most of which have no service fees.
TD Ameritrade is an online broker addressing the needs of both active traders and beginner investors. With $0 commissions, multiple exchange options, ETF trades and a large range of mutual funds, it has become one of the most convenient Forex brokers available on the market. TD Ameritrade does not ask traders to make an investment. Instead, there are extensive and free research, portfolio-building guidance, no commissions for the stock, and almost 300 branches for in-person customer support.
Pepperstone is the ECN broker that integrates advanced technologies for the online trading. Pepperstone's rating is considerably high because the private traders receive some of the best trading conditions. By using the trading platforms like MetaTrader 4 and cTrader, this broker enables high-quality services with the minimum commission.
Pepperstone's rating depends on the regulatory authorities which this company is managed by. The broker has obtained a license of Australian Financial Licensing Service and Australian Securities and Investments Commission. The testimonials left by Pepperstone's traders state that funds safety really matters for this broker. As a result, all funds are kept in highly-rated financial institutions such as HSBC and Central Bank of Australia. If you consider making a deposit or withdraw your money, you should use one of the available options that have already positive feedback from various customers.
The Bottom Line
Now that you know the most popular Forex brokers, you will find it easier to make the final choice. By visiting each of the above-mentioned platforms, you will need to conduct some research to estimate all the pluses and minuses. While this post can point you in the right direction, it is for you to decide what kind of financial expectations and trading preferences you have. Anyway, Plus500, FOREX.com, AvaTrade, TD Ameritrade, and Pepperstone are decent representatives of the online trading industry, which have an overly positive reputation among market traders and investors. Hurry up with your choice in order to earn some fast money!