Top FX Brokers
A forex trading account is something like a bank account where you can purchase currencies and hold them. You need a broker to trade Forex. Get a list of best forex brokers - easy to use and new trader friendly.
How do I choose a forex broker?
Another aspect to note is that a forex broker could have a different spread for buying a currency and for selling the same currency. A broker could also charge both a commission and a spread on a trade. The difference between the bid and ask price is the broker's spread.
This is, undoubtedly, the most user-friendly trading platform in the market . Read full review Best customer service, great platform As a trusted multi-asset broker regulated in several major financial centers, XTB provides a well-rounded, competitive offering. IG Markets gives clients access to trade CFDs in more than 17,000 different markets including forex, shares, indices, commodities, bonds, ETFs, options and short-term interest rate CFDs. According to our analysis, Forex.com is the best overall forex broker .
When it comes to trading foreign currency, you use a forex broker, also known as a currency trading broker, to place your trades. Like TD Ameritrade and Interactive Brokers, it is also publicly traded and offers fx traders a large variety of trading tools. Bottom Line: For US-based investors and traders, Saxo Bank platform is a sophisticated multi-asset desktop experience optimized for securities trading, including off-exchange spot forex and exchange-traded options and futures (including Bitcoin). To assess brokers, we take into consideration how much beginners, average traders, and even more seasoned traders would pay, looking at average spreads for standard forex contracts (100,000 units) as well as mini accounts (10,000 units) and micro accounts (1,000 units), where applicable.