best forex broker 2018

comparison and reviews of forex brokers Choosing the right forex broker offering online currency trading for you might take time. There is so much you need to go over – the quality of customer service, online or download trading platform, different types of forex accounts, forex brokers policies, promotions and forex bonus along with their requirements, leverage options, commissions, regulator authority… well, you got the picture.

In this section we compare 100 online brokers in the industry to give you an over-all picture of their offered services. You can also view detailed reviews of these brokers we have collected in this 100 Forex Brokers Reviews and Rating

To make things slightly easier for you ForexExplore has come up with the list of forex broker reviews to compare. Prior trading with real money, it is advisable to read forex brokers reviews, open demo account with selected brokers list of comparison, figure out if the trading conditions provided suits you and only then deposit real money.

Broker ReviewsRatingDemoLeverageBonusPlatformsMin DepositPayments
OctaFX9yes1:500up to 50%MetaTrader 4, Metatrader 5, cTrader5Neteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay
LH-Crypto9yes1:500Metatrader 4, Metatrader 510Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, DASH, Ripple, NEO, Visa, MasterCard, Web Money, QIWI, wire transfer
FBS8yesup to 1:3,000$123 Welcome BonusMetaTrader 4, Metatrader 5, Webtrading1credit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrill
InstaForex 7yes1:1,000$100 No Deposit BonusMetaTrader 4, Metatrader 5, Webtrader1Bitcoin, CashU, credit cards, EgoPay, Neteller, Skrill, Ukash, UnionPay, WebMoney, wire transfer
XM7yes1:888$30 no depositMetaTrader 4, Metatrader 5, XM Webtrader5Credit Card (Visa, Visa Electron, MasterCard, Switch, and Solo), Neteller, Skrill, Wire Transfer, Western Union, MoneyGram, WebMoney, China UnionPay, Local Bank Transfer, SOFORT, iDEAL, paysafe card, QIWI, CASHU, ABAOOS, MONETA, giro pay,Przelewy24,l Astro Pay Card, FasaPay
FP Markets7yes1:50010% credit bonusMetaTrader 4 (MT4), IRESS, Mobile trading200credit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer
ForexMart7yes1:1,000$150 no deposit neededMetatrader 41credit cards, neteller, skrill, paypal, paxum
Trader.Online7yes1:200Trader.Online Platform250Credit Cards, Wire Transfer
TradeFW7yes1:30https://www.forexexplore.com/forex-brokers/tradefw-review0Bank wire, Credit/Debit Card.
LiteForex 6yes1:50030% + 15%Metatrader 4, Metatrader 5, WebTerminal10credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
TFIFX6yes1:50050% on every depositMetaTrader4, WebTrader, Mobile500Credit/debit Cards, Wire Transfer
AvaTrade 5yes1:400100% AvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptions100Credit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney
FxPro5yes1:500up to $1,000FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium 100Credit/Debit Card, Bank Wire, PayPal, Neteller, Skrill
FXCM5yes1:200-Trading Station II, MetaTrader 4, Active Trader, Forex System Selector 250Credit/Debit card, Online Check, Bank Wire, Paper Check
Plus5005yes1:20030%Plus500500Skrill, Credit Cards, Wire Transfer
IronFX5yes1:50040%Metatrader 4100credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer
Pepperstone5yes1:500100% Match BonusMetatrader 4, Metatrader 5, cTrader, cAlgo, cMirror200bPay, credit cards, Paypal
Forex.com4yes1:200-ForexTrader platform (in-house), MetaTrader 450wire transfer, Credit/Debit Card, Check
HYCM4yes1:40025% up to $5,000Metatrader 4100credit cards, wire transfer, Skrill, webmoney
AdvancedMarkets4yes1:50-Advanced Trader/Pro/Prime, Fortex FX 500Wire, Check
CMTrading4yes1:40015% matchMetaTrader 4, Sirix200credit/debit cards, Wire transfer, CashU ,Skrill
Blueberry Markets4yes1:500MetaTrader 4100credit cards, wire transfer, POLi, Skrill
Priorfx4yes1:200Metatrader 4, Webtrader, Autotrade250wire transfer, credit cards, Skrill, Neteller, PriorFX prepaid card, Yandex, Webmoney, Qiwi, UnionPay
FXDD3yes1:200-MetaTrader4, FXDD Trader, Power Trader, FXDD Auto, MTXtreme100Wire, PayPal, Check, BPS
Tallinex3yes1:1,000Metatrader 4100credit cards, wire transfer, Skrill, Neteller
Oanda3yes1:50Metatrader 4, FXtrade1check, Credit cards, PayPal, Wire transfer
iFOREX3yes1:400-FXnet Trader100credit cards, wire transfer
FastBrokers - out of business3yes1:200-MetaTrader4, Fastfx Trader, Fastfx Integral ECN2500Wire, Credit Card, Paypal
DFMarkets3yes1:20010% Trading Credit Promotion up to $1,000DFTrader, DF WebTrader, DF Mobile100Bank wire, Credit/Debit cards
Tickmill3yes1:500-MetaTrader 4, Webtrader100wire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney
TenkoFX3yes1:500MetaTrader 4, Webtrader10Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi
Z.com Trade3yes1:200 Z.com trader web, Z.com trader pro (demo account only)1credit cards, wire transfer, china unionpay, skrill
Saxo Bank2yes1:100n/aSaxoTrader5000Wire
AAAfx2yes1:200up to 30%ZTP, MetaTrader 4, Binary options webtrader, Zulutrade300Wire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi
XTB2yes1:200Metatrader 4, xStation, xMobile250Credit cards, Neteller, Paypal, Skrill, Wire transfer
EasyMarkets2yes1:100Metatrader 4, EasyMarkets web-based platform100credit cards, neteller, Skrill, Webmney, wire transfer
CityIndex2yes1:400-MT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet App100Credit/Debit Cards
Freshforex2yes1:1000SIGN-UP BONUS ¢100!Metatrader 41Debit/credit cards, Neteller, OKPAY, W1, QIWI, Webmoney, Skrill, FasaPay, Contact, Wire transfer
Tifia1yes1:1,000Metatrader 4, webtrader10wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
MBAtrade1yes1:500Metatrader 4 10wire transfer, credit cards, Paypal, Skrill, Payeer, OKPAY, Perfect Money, Fasapay
RealTrade1yes1:50030% welcome bonusMetaTrader 420Credit Cards, WebMoney, and Wire Transfer
FXOpen1yes1:500$100MetaTrader 41Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney
House of Borse1yes1:100MetaTrader 450000credit cards, wire transfer
Igofx1yes1:1,000Metatrader 41wire transfer, credit cards, perfect money
Vipro Markets1yes1:500MetaTrader 4 25credit cards, Neteller, Skrill, Wire transfer
MXtrade - scam1yes1:400Apple watchMetatrader 4, Webtrader250Skrill, credit cards, Neteller, Western Union, WebMoney, MoneyGram, YandexMoney CashU, Alipay
Neferma - scam1yes1:500Neferma Trader10Credit cards, Skrill, Neteller, Qiwi, Webmoney, Lavapay, Bank Transfer
Fort Financial Services1yes1:1,000MetaTrader 4, CQG, Ninja trader, binary options5Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer
Formax Prime Capital1yes1:200MetaTrader 41000Skrill, Credit cards, Wire transfer, Neteller
TraderTrust1yes1:200100% upto $5,000SmartForex100Skrill, Credit Cards
MEX Exchange1yes1:500Metatrader 425Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer
Tegasfx1yes1:200Metatrader 4200wire transfer, Neteller, Credit Cards
Forexer1yes1:500Forexer platform (Metatrader 5 version)200wire transfer
CMS Forex1yes1:50VT Trader, MetaTrader 4250Credit/Debit Cards, Wire Transfer
StoxMarket1yes1:500MetaTrader 4, Webtader1000Credit Card, Wire, CashU, Paypal
Simplefx1yes1:100MetaTrader 4 and in-house web-based platform1Wire transfer, Credit/debit cards, Skrill, Neteller, Astropay, Webmoney, FasaPay, Qiwi, Moneta, ru, Yandex, China UnionPay, Bitcoin and litecoin
Synergy FX1yes1:500MetaTrader 4500credit cards, skrill, wire transfer
Financika1yes200:1Profit, WebProfit, MetaTrader 4250 credit cards, wire transfer
FCI Markets1yes1:100Currenex, FCI NetStation, MetaTrader 4250credit cards, neteller, skrill, wire transfer
Fortrade1yes1:200Fortrader500wire transfer, credit cards, skrill, neteller
FXBM -down1yes1:500Metatrader 450Wire Transfer, Credit Cards, Skrill, Neteller, Trasuz, FasaPay, MegaTransfer
FXGiants1yes1:500MetaTrader 4500credit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer
FXGlobe1yes1:500MetaTrader 4250Credit cards, Neteller, Skrill, Wire transfer
FXlider1yes1:200MetaTrader 4, Sirix, ZuluTrade, FXlider mobile, FXlider Copy Trader, FXlider Trader100wire transfer, credit cards, neteller, skrill
FXonus1yes1:500MetaTrader 4500Credit Cards, Skrill, Neteller, Wire Transfer, China Union Pay
FXoro1yes1:400Metatrader 4200credit cards, wire transfer, skrill, neteller, ecoPayz, CashU
FXprimus1yes1:500Metatrader 4100Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer
Infinox1yes1:300Metatrader 4100credit cards, wire transfer, skrill, neteller, china unionpay
Itrader1yes1:500MetaTrader 4, Webtrader (in-house), Mobile250wire transfer, credit cards
JCMFX1yes1:1,000MetaTrader 410credit cards, FasaPay, Wire Transfer, Neteller, Skrill
Larson&Holz1yes1:500Metatrader 4, Web Trader100credit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money
LCG1yes1:500MetaTrader 4, LCG Trader (web-based, ECN accounts only)1wire transfer, debit/credit cards, Skrill
LMFX1yes1:1,000100% match bonus, 15% recoveryMetatrader 4, Webtrader50credit cards, Fasapay, neteller, okpay, skrill, wire transfer
LQDFX1yes1:500MetaTrader 4, xStation20Wire transfer, Credit cards, Skrill, Neteller, Unipay, FasaPay, SoFort, iDeal
Mahi FX1yes1:100Metatrader 4, MahiFX1wire transfer, credit cards
Paxforex1yes1:500No deposit $7 bonus – cannot withdrawMetaTrader 410Credit cards, FasaPay, Neteller, OKPAY, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire Transfer
Pricemarkets1yes1:400MetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FX500wire transfer, credit cards
Rallytade1yes1;1,000Metatrader 4, xStation (web-based), xSocial, xOptions100credit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay
Range Markets 1yes1:500Metatrader 4100Neteller, Credit Cards, wire transfer
Rekuten Securities1yes1:50MarketSpeed FX, Trading Station (inherited from FXCM)1wire transfer, checks, ATM (only for local residents)
Roboforex1yes1:500MetaTrader 4, cTrader1credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money
Templefx1yes1:400MetaTrader 4, TempleFX Trader (web-based)50Wire transfer, credit cards, Skrill, Sofort, Neteller, UnionPay
Tixfx1yes1:300$100 first depositMetatrader 4500wire transfer, credit cards, Webmoney, CashU, UKPAY, QIWIwallet, perfect money, Fasapay, Neteller
Tradeo1yescredit cards, wire transfer, Skrill and Neteller20%Tradeo webtrader, Metatrader 4250
Tradersway1yes1:1,000Metatrader 4, ctrader0Skrill, Neteller, Perfect Money, Webmoney, QIWI, MonetaRu, EasyPay, Boletto, CashU
TradeV1yes1:200https://www.forexexplore.com/forex-brokers/tradev-reviews500Credit cards, wire transfer, CashU, Skrill, Qiwi, UnionPay, Neteller, Webmoney, Paypal
Trading2121yes1:200Trading212100wire transfers, credit and debit cards, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay
Tradize1yes1:1000100Skrill, Neteller, credit cards
TurnkeyForex1yes1:20000% deposit bonus; 30 days of commission-free trading; 30% rescue bonus MetaTrader 4, Trade Station5credit cards, wire transfer, neteller
Whaleclub1yes1:100in-house whaleclub web platform1bitcoin
XCFD1yes1:10050% welcome bonus in-house XCFD10credit cards, skrill, webmoney, giropay, unionpay, sofort, neteller, bitcoin, wire transfer
eToro 0yes1:400; 1:1 for Crypto Currencies-eToro Platform200Credit Cards, Debit Cards, Paypal, Neteller, Skrill, Webmoney, Wire Transfer
AGEA0yes1:500-Streamster, MetaTrader 41Credit Cards, Wire, Skrill, Webmoney, e-Dinar, Neteller, FasaPay, Perfect Money
CMCMarkets0yes500:1-Next Generation web-based1Credit cards, Wire Transfer
Dukascopy0yes1:500-Dukascopy250Wire, Bank Guarantee, Standby letter of Credit Segregated Accounts
AAAECN0yes1:200MetaTrader 4100credit cards, wire transfe
ActivTrades0yes1:400Metatrader 4, Activtrader100Credit Card, Wire transfer, neteller, skrill, sofort
Hotforex0yes1:1,000100% bonusMetatrader 4, mobile platform, rapid trader fix/api5credit cards, skrill, Unionpay, neteller, wire transfer, webmoney, fasapay
AdmiralMarkets0yes1:200n/aMetaTrader 410Wire
Alpari0yes1:50050% WelcomeMetaTrader 41Debit or Credit Card, Wire Transfer
FinPro Trading0yes1:200100%Metatrader 4, zulutrade, Finopro station5credit cards, paypal, skrill, wire transfer
Blackwell Global0yes1:200-MetaTrader 4, Blackwell Pro, Mobile2000redit/debit cards, Neteller, Skrill, Wire transfer
FxGlory0yes1:3,00050% up to $1,000MetaTrader4, Mobile1Credit/debit cards, Paypal
TrioMarkets0yes1:300-MetaTrader 4, Sirix Webtrader100Credit Card, Wire, Skrill, Neteller, Paypal and CashU
GTOptions0yes-150% up to $5,000SpotOptions250Skrill, Wire Transfer , Credit Cards, uKash, POLi, Sofort, Webmoney, Yandex, TrustPay, Swiff, Click2Pay, Bankdraft and others
Markets.com0yes1:200up to $2,000Meta Trader 4,MarketTrader, Market WebTrader, Market Java Trader, Market Mobile Trader, Market WAP Trader, Market iTrader, Market AutoTrader100Credit/Debit Cards, Wire Transfer, Webmoney, Local Payments
YouTradeFX0yes1:500up to $2,000Metatrader 4, Webtrader100Credit Cards, Skrill, Neteller, Paypal, Wire Transfer
24FX0yes1:400MetaTrader4, Sirix WebTrader, Mobile250Wire Transfer, Credit Card, Neteller, Skrill
Orbex0yes1:500MetaTrader 4500Skrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney
AccentForex0yes1:50050%MetaTrader 410WebMoney, OkPay, Skrill, Wire Transfer, Credit Cards
GrandCapital0yes500:1$500 no depositMetaTrader 4, WebTrader10Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney
10Markets0yes1:200n/aMetaTrader 4, 10Markets WebTrader200Debit/Credit Cards, Wire Transfer
AlfaTrade0yes200:1-MetaTrader4, Webtrader500Wire Transfer, Credit Cards, Skrill, Neteller
Squared Financial0yes300:1-MetaTrader 4, mobile500wire Transfer, CashU, Credit Card, PayPal
Alvexo0yes400:1-MetaTrader 4, WebTrader, Mobile5000Cash-U, Credit Card, Webmoney, Wire Transfer
RubixFX0yes400:1-MetaTrader 4500Wire Transfer, Credit Cards
NSFX0yes200:1Metatrader 4, Webtrader, NSFX Jforex platform300credit cards, Skrill, CashU and wire transfer
FXGrow0yes200:1-MetaTrader 4, NetStation100Credit/Debit cards, Skrill, Neteller, OkPay, CashU, WireTransfer
Juno Markets0yes1:400-MetaTrader 4500neteller, skrill, credit cards, wire transfer
TeleTrade0yes1:20024%MetaTrader 4, Mobile2000credit cards, Wire transfer, Neteller, Skrill
KGIeworld0yes1:50-MetaTrader 41000Wire Transfer, Check
4xnetworks 0yes1:1000100% bonus MetaTrader 41Bank Wire, Webmoney, Credit Cards, RBKMoney, DIXIPAY, OKPay, IntellectMoney, YandexMoney, Qiwi, EgoPay, FasaPay, UnionPay, PerfectMoney, Neteller
Abshire-Smith0yes1:200Vertex fx, Metatrader 4, straticator500CashU, Neteller, Skrill, Wire Transfer
Adamant Finance0yes1:500Metatrader 41Bitcoin, CashU, credit cards, FasaPay, MegaTransfer, Neteller, OKPAY, QIWI, Webmoney, Yandex.Money
Alfa Financial0yes1:100MetaTrader 4, AX1Trader10000yes
AsiaFXI0yes1:40030%in-house platform100wire transfer, credit cards, Neteller, Skrill, PayPal
BlitzBrokers (IB for AxiTrader)0yes1:500MetaTrader 41Credit cards, Neteller, Skrill
CIBfx0yes1:200MetaTrader 4 100Paypal, Skill, Credit Cards, Neteller
Citypoint Trading0yes1:100MetaTrader 4, Vertex20credit cards, wire transfer
CMS Trader0yes1:200Sirix 500credit cards
Currency House0yes1:200xSocial1000credit cards
Darwinex0yes1:200MetaTrader 4, cTrader500Bank Wire, Credit Cards, UnionPay
Eightcup0yes1:500Metatrader 4100
Elxi Markets0yes1:200MetaTrader 4100Wire Transfer, Skrill
ETX Capital0yes1:200 ETX Trader Pro, Metatrader 4, ETX binary100credit cards, wire transfer, firopay, neteller, skrill, sofort, china unionpay
Hydra Markets0yes1:1,000Metatrader 4100Skrill, Neteller, credit cards
Swissmarkets0yes1:500Metatrader 4, Webtrader200credit cards, wire transfer, neteller, skrill, iDEAL, giropay
Topprofx0yes1:100035%Metatrader 410not listed!
Trade3600yes1:1,00035%, $60 no deposit for real accountTrade360100credit cards, skrill, neteller, wire transfer
Forexee0yes1:500Special trading commission $1, Welcome Bonus $15 for STP, 0% commission for depositsMetaTrader 450Credit Cards, Webmoney, Wire Transfer, Skrill, Neteller, Bitcoin, Bitcoin Cash, litecoin, Fasapay, etherium, Payza, Perfect Money
AETOS0yes1:200MetaTrader 4250Bank wire transfer, Credit cards, Debit cards, Skrill, ZOTAPAY

 

The Ultimate Guide to

Choosing a Broker For Forex

Can't decide which broker to trade with?

Don’t worry - we can help. Let's go over most important factors effecting the quality of the brokerage firm.

Looking for the Best Forex Broker?

If you would like to begin your long lasting career in Forex trading in 2018, you already know by now that you have to check out the best Forex brokers, and choose one that suits you the best.  In this section we will discuss the main features and characteristics that turn an average company into the blessing from up above! 

Forex trading industry is extremely competitive and lots of online brokers, new and old, compete for the title of top brokerage by improving their spreads, adding new innovative features, proving security to the clients, working hard on solutions through customer support and so on. As a complete beginner looking for a new broker to start with, it is rather intimidating to see endless amount of Forex brokers flashing their offers at you. 

 In order to filter the junk and concentrate on the best Forex broker for 2017 and 2018, this section has been created to help you identify the most popular broker among traders.

Why one brokerage is better than another?

  • Tighter spreads
  • Accepts various funding/withdrawal methods including online alternative payment methods such as Paypal, Skrill, Neteller, Bitcoin
  • Offers various platforms including Metatrader 4, Copy Trading features, Automated trading capabilities
  • Regulated by multiple regulatory authorities such as FCA, CySEC, MiFID etc.
  • Allows all types of trading including scalping and hedging
  • Offers various trading instruments from Forex, CFDs to Commodities, Indices and Cryptocurrency
  • Wide range of currency pairs to choose from including Bitcoin

Important features to consider when choosing the best broker for you

1. Security

The security of your funds is one of the top priorities when it comes to quality. The brokerage needs to keep its own funds separately from the clients funds, aka your funds need to be kept in so called Segregated accounts. The website of the company in question should also be secured, especially when Web-based platform is used, and provide SSL encryption, in other words Secure Sockets Layer. 

2. Customer Support

You will not be satisfied, if you have a problem and there is no one who can help you promptly. The best sites have various ways to get in touch with the customer representatives via phone, email, online chat, skype and even through trading platform itself. This is one of the most important factors to consider, because there will be billions of questions regarding both trading and technical and the last thing you want is a shady support that takes more than a day to give you a proper answer. Sufficient support must be almost immediate, especially if the problem is technical, and related to the platform, withdrawals, deposits, login, features of the interface you use. 

3. Regulatory Authorities

Regulation should be considered as well, because a trustworthy broker is regulated. Do not rely on the wording on the broker's site because the regulation might be revoked or pending, or even non existent and it is always worth rechecking the current status of the regulation. The online Forex broker must be regulated with a proper regulatory body, all of which have their own website and database of the regulated firms. You can easily browse through the site of NFA or FSA and check whether your broker's name is in their lists of regulated and approved companies.

4. Trading Spreads

You have to find good deal on spreads or commissions (for ECN brokers, for example) because this is what you pay the broker for it's wonderful services. Spreads vary largely from one brokerage to another, so take your time an do your research to find the lowest spreads (also called pips) for the currency pairs you are interested in trading. Good broker is the one that brings you the tight spreads on major currency pairs such as USD/EUR and GBP/EUR.

5. Initial Deposit Requirement

Believe it or not, there are some firms that have obnoxiously high deposit requirement of thousands of dollars and in our eyes it is rather ridiculous request.  When a trader is ready to trade thousands, he or she sure will, but the initial deposit should not be higher than couple of hundreds. Some online brokers go one step further offering minimum deposit of just a dollar or five and allow you to start with cent account, which is by the way the best way to move from demo account to live trading and work up your skills and experience.

6. Account Types

There are all types of traders with different level of experience and skills. They can be classified into several groups, but should not be forced to trade using the same account with the same features, because beginner trader has completely different needs compared to professional trader with years of experience. So one more important factor is variety of trading account types to fit your current trading requests.

 

7. Regular Promotions

Everyone loves bonuses and it is fun to increase your potential profit with a bit of more free cash. Even if you cannot withdraw the money, look for bonuses that allow you to withdraw the profits. Those are our true favorites, after no deposit bonuses!

8. Types of Payment Methods for Depositing and Withdrawing Funds

Well established and trusted sites bring you tones of funding methods to choose from and do not just prison you with Credit Card and Bank Wire options! A good broker should have Paypal, Skrill, Bitcoin and other attractive alternative funding methods with no deposit and withdrawal fees! Overall, the whole deposit and withdrawal processes must be easy and up on request, without any crazy requirements from the brokerage. When you can easily withdraw your profits, your trust and love to your broker only grows bigger.

9. Currency Pairs

The more choices you have, the better for you! Of course most traders are focused on dollar euro pair, however there is huge selection of currency pairs that can help you not only diversify your trading portfolio but can help with hedging and volatility.

10. The Trading Platform

Technical functionality of the platform, user-friendliness and overall performance is the top priority. What kind of features does it have? Is it web-based or download ( what do you prefer?)? Does it have risk management tools? How advanced are the charts? Is there Social Copy Trading features? What about Expert Advisors? How often do you experience errors or freeze, especially during volatile market hours? The quality of your platform will define your loss and profits, so make sure to choose a good one!

11. Demo Account?

Good online brokers is not afraid to let you try it for fee. Without any deposits, you can try out the platform and all the features with virtual money. This is not only good for gaining some level of experience, but also getting to know the interface and navigation. Brokers which do not offer practice accounts should be avoided.

12. Social Trading

Today you do not feel alone anymore, since all top-rated sites let traders get in touch with one another, follow and even copy the top performing traders automatically. This is not only the best way to learn and meet people with the same mind set and profession, but also a great way for beginners to simply copy and observe the pros.

Summary

While nothing is black and white and there isn't an ultimate list of features a top brokerage should possess, but if you pay attention to the factors mentioned above when you chose an online Forex broker, we strongly believe that at the end you find the site that fits all of your necessary request.

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