Best Forex Broker 2018

OANDA is a multi-faced financial services Forex and CFD broker and market maker. Founded in , OANDA is based in New York and is available for traders in the U.S., Canada, Asia and Europe.

TradeVest Review - is tradevestgroup.

What Are Forex Brokers

Forex brokers will offer a variety of leverage amounts depending on the broker, such as or The ability to select the leverage a trader desires enable better control of risk. Different brokers may also offer different commissions and spreads.

As such if you intend to trade as a scalper , you should always check with the broker that you intend to sign up if they allow scalping. The majority of the forex brokers in the industry offer traders a selection of trading accounts to cater for different categories of traders.

With the Micro and Mini account, only a low minimum initial investment is required to let you start trading. With the standard account, although the minimum investment may vary from broker to broker, generally you will need a higher amount of trading capital.

Given the varying minimum investment for each type of trading account, you should select the trading account that is commensurate with your investment capital. Most beginner traders tend to forget to factor in customer service when making their choice of the broker to sign up with. They may not realize the importance customer service plays in their overall trading experience.

With customer service, it is not whether you will ever need their assistance but rather a question of when you will need their assistance. Because regardless of how experienced or knowledgeable a trader might be, there will always come a time when assistance from customer service is required.

When that time comes, you want to be able to get in touch with the support team without any difficulties. So it is important to check if the broker that you intend to sign up with is able to provide you with reliable customer support.

Check to see if there are multiple ways of contacting customer support. Most brokers will provide their clients with several ways such as email, live chat and telephone for their clients to get in touch with customer support. In an industry as competitive as the online forex trading industry, some brokers will try to distinguish themselves from other brokers, by offering additional value added services such as free market analysis, real time news feeds and trading signals.

Most of these value added services are provided free of charge but there are some brokers which may require you to deposit a minimum amount before you can have access to these services. If you have any general questions regarding brokers we can usually advise and recommend, however for more specific information you can read our broker reviews for deep insight. Our video reviews cover many aspects of the trading cycle.

We are here to help with that! Check out our list above and choose the most suitable broker for you. Yes, you should try to pick a regulated broker to work with. This ensures recourse in the event of a dispute or should your broker face insolvency. Remember by using a regulated broker you will also have access to an investor compensation fund, which insure your deposit up to a certain amount.

You should look at the range of platforms on offer and even ideally test-drive the platform you may wish to use. Take a look at the additional resources being offered by that broker eg. Signal service, educational tools, copy trading.

Finally remember to find out about spreads, and account types before you place a deposit. As noted above, there are many factors that you have to consider when selecting your broker. Nevertheless with the help of this guide that we have provided, you should be able to see which broker is better suited to your needs.

To further facilitate your search, we have also conducted in-depth reviews and vetted each of the brokers in our recommended list to ensure they meet up the right standards. Once you have found the right broker to work with, you can focus more on your trading activities and trade more confidently thereby increasing your chances of success trading the market.

Best Forex Broker This page may not include all available products, all companies or all services. FXEmpire is a leading authority on online brokers. It is for this reason that FXEmpire is perfectly placed to help our readers choose reliable Forex brokers to work with. With that in mind, we have compiled this resource, which looks at all the key factors a trader should consider before selecting a broker to work with, as well as a list of the best Forex brokers to save you the legwork and hassle that comes with finding a broker.

We hope you find it useful. Countries that have financial regulatory agencies that are backed with strict regulatory enforcement include: Additional Features Look at the features which the trading platforms have to offer. Do they come with: Comprehensive charting package Wide range of technical indicators One click trading on the trading platform Risk management tools such as stop loss order and trailing stops. So how do brokers make money? As a Forex trader, you will come across 3 kinds of trading cost structure charged by a broker: Fixed spread — where the spread is not changing and you know the spread amount before you trade.

How will differences in margin requirements or execution affect my forex trading volumes and related trading costs? These are just some of the questions that can help traders consider key differences between offerings. Forex trading platforms are the modern gateway to investing in international currency markets. Regardless of your trading style, or preferred multi-asset instrument, the platform technology you use can affect nearly all aspects of your trading experience. From accessing research to analyzing news events or performing technical analysis on charts, forex trading platforms share the common goal of making it easy to help you trade and discover trading opportunities, while managing your personal investments.

Over the past decade, forex trading platform technology has continued to evolve steadily across devices, with a shift from desktop to web and then to mobile. With ongoing enhancements to the user experience throughout the year, forex brokers compete for market share amid shifting regulations and the evolving needs of traders.

After more than doubling the number of international forex brokers we tested this year to 43, it was clear that the best forex platforms managed to pack a slew of features and tools into a simplified user experience, while keeping the technology up to date with the latest supported standards.

All in all, these platforms provide customers a rich and pleasurable experience in all critical areas of forex trading. For the Best Forex Trading Platform category, Dukascopy Bank took the top podium spot this year for its highly innovative JForex 3 platform, which comes available for desktop, web, and mobile, and is compatible with Windows, Mac, and Linux operating systems.

Charting in JForex 3 comes packed with technical indicators and the platform supports automated trading strategies, helping it compete with popular third-party software, such as the MetaTrader4 MT4 platform and cTrader platform. Saxo Bank followed closely in second after the broker added additional tools into its highly innovative and responsive web-based platform, SaxoTrader GO. For example, Saxo Bank fully integrated AutoChartist, giving it a native feel within the platform.

Also, Saxo Bank provides a seamless experience on mobile, including watch lists and charts that sync across desktop, web, and mobile. Third place goes to IG for its innovative web platform, which comes packed with versatile charting, automated pattern recognition tools, and its premium ProRealTime charts. In addition to launching its web-based platform that runs on HTML5, the broker more than doubled the number of indicators to in its desktop platform.

In total, thinkorswim offers indicators, which is more than any other broker we have reviewed. Overall, the best forex platform for you will depend on a myriad of factors. First, do you prefer a web-based environment or desktop download? Next, consider how important tools such as charting or automated trading are to you. Available order types and other unique tools and features are also items to keep in mind. Fortunately, nearly every forex broker supports opening a demo account and testing out the experience in a simulated trading environment.

Read our full-length reviews to learn more about these industry-leading brokers, compare them side by side , then open test accounts to finalize your selection. Foreign exchange markets are open 24 hours a day, five days a week, which means investors can constantly scan international markets for opportunities to invest. Having access to multiple asset classes from within a single platform is important to many investors, as financial markets, including forex and even cryptocurrencies, are highly interconnected.

The ability to react quickly to geopolitical and economic news events in real time is key. In the early s, a fine line used to exist: However, today trading platforms are no longer just for trading forex, stocks, or futures; instead, multi-asset offerings are now industry standards among all the largest online brokers.

That said, the range of products and markets you can trade still varies considerably across firms. IG placed first with 15, tradeable instruments available including 95 forex pairs and boasts the most regulatory licenses among all brokers, including from top-tier jurisdictions such as the US, UK, and Switzerland, among others. IG placed first with 15, tradeable instruments available including 95 forex pairs and boasts the most regulatory licenses, including from top-tier jurisdictions such as the US, UK, and Switzerland, among others.

Saxo Bank held second with 9, CFDs available and currency pairs, including off-exchange forex options trading supported on key major pairs and crosses.

Interactive Brokers took third place with a wide range of top-tier regulatory licenses. Interactive Brokers provides traders access to 6, CFDs up from 4, , 85 forex pairs, global exchange-traded products, US-traded Bitcoin futures, and much more. Swissquote bank followed with top-tier licenses, and although the broker only lists 38 CFDs alongside 78 forex pairs, in a separate trading platform, which requires a different account, it offers nearly two million tradeable products.

Almost every forex broker aims to provide its clients with research content and tools to find and analyze investment opportunities. At the same time, we are living in the digital information age where traders can get lost in the sea of forex news headlines, making it hard to get the information they need unless brokers provide the right structure for forex research.

Beyond news headlines and an economic calendar, leading forex brokers usually integrate in-house research for fundamental news and technical analysis, then couple it with outsourced research content. Firms that take it a step further may even create their own TV channel, for example, to stream video updates instead of providing basic daily or weekly video updates. Furthermore, daily or weekly market recaps, live trading rooms, and integrated pattern- recognition tools for news events and charts, as well as screeners, heat maps, and sentiment indicators are increasingly integrated as research tools available within trading platforms.

Saxo Bank deserves its top spot for research in , as it delivers on all fronts for forex research from both its website and within its trading platforms. For conducting forex research in , Saxo Bank held its first place position as the best broker in this category.

While many brokers struggle to organize research for their customers, Saxo Bank does a fantastic job centralizing the research it provides across its platform suite, within its recently redesigned website, and on its Trading Floor offering. Forex brokers customise the MT4 platform according to their branding requirements and thereafter offer it to their clients.

As just mentioned, the MT4 serves the retail individual, non-professional end of the market, however it still provides powerful features to allow retail investors to effectively begin forex trading. The MT4 is considered a revolutionary product because of the quantum leap the platform took in terms of features and performance when compared to its predecessor. The MT4 was later upgraded to the MT5, but due to the massive popularity of the MT4 platform, the MT5 never really took off in the market and MetaQuotes Inc was forced to do a re-design which combined many features of the MT5 with the old MT4 to create a brand new MT4 Build platform, starting from Build which was launched in The popularity of the MT4 platform has forced many brokerages which were operating with proprietary platforms to include the MT4 to the list of forex platforms they offered their clients.

The MT4 is arguably the most popular forex trading platform in the retail forex market today with over banks and brokers offering the platform. As one of the most established and popular trading platforms, the MT4 is a top choice for traders looking for a powerful forex trading platform.

With over institutions offering the MT4 platform, the search for the right broker for you can be a difficult task. In our comparison table, we have narrowed down the list to the top 5 brokers that offer the MT4 platform, regulated and are the most popular choices for retail traders.

They are part the Monecor London Ltd group who are listed on the London Stock Exchange so you can be confident about their financial status and transparency. The MT4 is a solid trading engine which many traders have under-utilised over the years. The power of the MT4 is showcased when all these functions are put to use.

Testing and optimisation of any programmed robots can also be done on the MT4. Strategy testing requires historical data from the M1 time frame and this is also available via the History Centre on MT4. Only professionals who know how to test strategies can perform this function accurately.

The MT4 features charts for all assets traded on the platform. You can add line tools, indicators and other add-ons to the charts to perform technical analysis.

The charts feature three methods of price representation:. Other methods of price representation such as the Renko charts are usually custom-made. Candlesticks are very popular because they show at a glance the open, high, low and closing prices for a time frame.

Charts are very important components of trading because they enable the trader perform technical analysis. The MQL Community was launched by MetaQuotes Inc as a response to the yearnings of the millions of MT4 users all over the world, as a one-stop shop for all tools, indicators, scripts and add-ons for the MT4 platform. It is now possible to purchase or even sell your add-on software on the MQL Community website. This is where various shortcut functions of the MT4 are located.

Simply use your mouse to go over each button to find out its name and function. This is where the charts are displayed.

This displays the tabs that give out several MT4 displays such as the account capital the margin , how much has been committed to a trade used margin , the margin exposure, open positions, closed positions, the account history, news bar, etc. With the advent of the smartphone and tablet devices, it became necessary for traders to keep up with technology. These new hand-held devices were as good as mini-computers, capable of most functions of desktops.

Brokers went to work and came up with different versions of the MT4 platform.

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