With a 9.63 out of 10 rating, Alpari is ideal for those holding a Pro account, for the Forex broker offers low-commission trades, well as trading online and in a one-click feature. However, if you hold a standard account, you cannot access the market and may feel less in control of your profits.
Rated at 9.6 out of 10, Dukascopy is #2 on the list of the Top 10 Forex Brokers. This Swiss ECN-type broker is well-known among traders for its top performance in segregated banking support service. It is compatible with MetaTrade only, and if you are a U.S. Client, you may not apply.
3. MB Trading
MB Trading gets a rating of 9.25 out of 10 in the Top 10 Forex Brokers list. It is an ECN-regulated broker in the U.S. And is perfect for Pay for Limit and commission-free accounts. However, hedging is not supported by MB Trading and the broker is mostly exclusive to U.S. and European clients.
4. ATC Brokers
The Top 10 Forex Brokers list has given ATC Brokers an 8.88 out of 10 rating for its decent rates (40 cents per side per mini contract on all pairs.) STP order execution is supported by ATC Brokers, but traders less experienced in large initial deposits, varying spreads, and a 10,000 minimum trade lot size may not be suitable for this entity.
Rated 8.5 out of 10, Oanda requires no minimum account deposit nor a minimum trade lot size. International relations and one of the highest profitability percentages make Oanda a nice choice. However, you will need to research and compare numbers from other services, as Oanda is a market-maker broker.
Also rated 8.5 out of 10, TradeKing makes the Top 10 Forex Brokers list for granting traders the ability to trade more than 50 currency pairs, gold, and silver, as well as requiring only $500 to open an account. On the other hand, it is an STP broker, which limits traders' control over profits.
The advantages of eToro include social networking capabilities to copy other's trades and follow high-performing traders. Its 8.13 out of 10 rating is due to its 2 pip lowest spread. Furthermore, etoro is not a provider MetaTrade.
Rated 6.88 out of 10, Swissquote allows you to trade more than 60 currency pairs, energy, stock, and precious metals. The downside is those outside Switzerland and the Middle East cannot use Swissquote, and many factors can vary this market maker's spreads.
9. UFX Markets
The Top 10 Forex Brokers list has given UFX Markets a rating of 6.25 out of 10. Advantages are the 24-hour chat support service, Islamic accounts, and a leverage ratio of 200:1. The drawback is that this broker is unavailable to U.S. clients.
The pros of trading with XM is that they offer very low spreads, starting from as low as 1 pip. The disadvantages that have given it a 6 out of 10 rating are that XM is not a professional lot, nor is it PayPal-compatible.
This list of the top 10 Forex Brokers is meant to help you make a wise decision when choosing who to trade with. Of course, take into account your personal needs to make a fully conscious choice.