List of Best Forex Brokers 2017

Top and The best forex brokers 2017

Are you planning to start forex trading ? If yes, it is important that you work with the best forex brokers that provide online platforms. It is the key to your success as a forex trader. However, the process of selecting an online forex broker is not only confusing, but also frustrating. As the year is coming to an end and a brand new year is about to begin in a few days’ time, we thought it makes sense to provide you with a list of the best forex brokers for 2017.

The secret to identifying the best forex broker is knowing where to find them or how to search for them. We have evaluated each of the forex brokers listed below using the following criteria:

Safety and regulation
Trading costs
Software platforms
Trading features
Account options
Customer service

The idea behind this exercise is to ensure that you are in a better position to identify the best forex broker that suits your trading needs. All you are required to do is to use the information provided in this post as the starting point of your further research. This way you will be able to save a great deal of time and effort.

Recommended Forex Trading Brokers For 2017

Broker Info Bonus Open Account
xm best forex broker Min Deposit: $5
Spread: From 1 Pips
Leverage: 888:1
Regulation: ASIC, CySEC, FCA (UK), BaFin, CNMV
15% Welcome Bonus, Loyalty Program Bonus Visit Broker
FBS Markets Inc forex broker Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: IFSC
$123 No-Deposit Bonus, 100% Deposit Bonus, Lucky T-shirt, iPhone 6s Plus Visit Broker
Pepperstone review best forex broker in Australia Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia
Visit Broker
FXOpen ECN Broker Min Deposit: $300
Spread: floating, from 0 pips
Leverage: 500:1
Regulation: FCA UK reference number 579202
Visit Broker
octafx forex broker review Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), FCA UK (#679306)
50% Deposit Bonus Visit Broker
plus500 best forex broker review Min Deposit: €100
Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
Leverage: 1:294
Regulation: ASIC, CySEC, FCA (UK)
Up to 30% First deposit, Welcome bonus (No deposit required) : 25 € “T&Cs apply” Visit Broker
ava trade best forex broker Min Deposit: $100
Spread: Starting From 0.9 pips
Leverage: 400:1
Regulation: MIFID, FSB & ASIC
Visit Broker
ETX CAPITAL Forex Binary Options SpreadBetting Broker Min Deposit: $100
Spread: From 0.7 pips
Leverage: 400:1
Regulation: FCA UK reference number 124721
Visit Broker
exness forex broker review Min Deposit: $1
Spread: From 0 Pips
Leverage: 2000:1
Regulation: CySEC, FSP, BaFin, CRFIN
35% of the account Deposit Visit Broker
etoro best forex broker USA Min Deposit: $200
Spread: From 3 Pips
Leverage: 400:1
Regulation: NFA, CySec
Visit Broker
TickMill best Forex broker review Min Deposit: $25
Spread: Starting 0 Pip
Leverage: 500:1
Regulation: FCA UK and FSA (Seychelles)
Visit Broker

#1: XM

xm best forex broker

XM.com was established in 2009. In less than a decade, the company has grown into a leading player in the global currency market with more than 300,000 people from as many as 196 countries opening trading accounts with them. The company has its headquarters in Cyprus and offices in Greece and Hungary.

XM.com charges competitive transaction fees and makes available flexible account options. They offer tight and fixed spreads and do not charge any withdrawal or inactivity fees. The key aspect that makes XM.com stand out among competitors is the superior trade execution that it provides. On their forex platform, 99.35 percent of the trades are executed in less than one second. Further, more than 150 million trades have been executed on XM’s platform without requotes/rejections.

Additionally, XM offers negative balance protection in order to ensure that clients don’t lose more than their account balance. This feature comes in extremely handy during periods of extreme volatility in the forex market, for example, the turmoil of January 2015.

XM.com offers a great deal of educational resources and holds webinars for five days in a week and in 13 languages. The company has also hosted more than 100 free seminars around the world. Traders can set their own leverage level, up to 888:1, based on their individual risk tolerance level. Minimum deposit required to start trading is $5.

Overall, XM is a forex broker that focused traders, those that are looking for low spreads and high leverage, can consider working with.

#2: FBS

FBS Markets Inc forex broker

The international forex broker FBS is present in more than 120 countries around the world. The online forex broker boasts of 2,000,000 clients and 130,000 partners. Founded in 2009, FBS offers various account options, including swap free or Islamic accounts. The broker does not service clients from the USA, Belize and Japan. Further, FBS has opted to operate under the regulatory purview of industry self-regulating body CRFIN (Centre for Regulation in OTC Financial Instruments and Technologies).

FBS operates as an ECN/STP, DMA/STP or MM forex broker and the minimum amount to be deposited to start trading on their platform is $5. The broker offers multiple options for depositing funds and a leverage of up to 500:1. Moreover, the broker offers both fixed and variable spreads. While the fixed spreads start from zero pips, floating spreads start from 0.2 pips. In addition to offering free deposit insurance, FBS makes available a leverage of up to 1:3000, which is extremely high.

The Belize based FBS is a relatively new player in the market, but the broker has managed to have a great clientele. They have made forex trading easy and affordable by offering flexibility in terms of account opening requirements. Overall, FBS is a good broker to work with, especially for those who are looking for brokers that offer competitive prices.

#3: AvaTrade

ava trade best forex broker

AvaTrade is a trusted forex broker and is regulated in five jurisdictions and the monthly trading volumes exceed $60 billion. The company offers a broad and deep product palette, which spans forex and forex options, digital currencies, commodities, ETFs, stocks, bonds and indices. Additionally, the forex brokers provide many options for automated trading, including Zulu Trade, Mirror Trader, MQL 5 and Signal Trader.

Traders can choose between fixed and variable spreads and avail leverage up to 400:1. AvaTrade provides plenty of market analysis and educational material from several reputed independent providers like the Autochartist, Dow Jones, FXInsights and Hushtrade.

AvaTrade is a pioneer online forex trading. The company has been operating from 2006 onwards and serving retail traders. They have more than 20,000 registered clients who execute more than 2,000,000 trades in a month. It is worth considering this forex broker.

#4: Pepperstone

Pepperstone review best forex broker in Australia

Pepperstone is an execution-only forex and CFD broker. The company provides trading solutions for both veteran and novice traders. The company was founded in 2010 and its headquarters is located in Melbourne, Australia. Pepperstone has offices in Shanghai, USA and China. The forex broker operates under the regulatory purview of Australian Securities and Investments Commission (ASIC) and offers MetaTrader4 and cTrader platforms for currency trading.

The minimum deposit stipulated by the broker for starting trading is $200, but offers multiple deposit options. The maximum leverage is 400:1 and spreads are variable. Lowest spread for EUR/USD is more than 0.5 pip for Mini and Standard account holders and more than 0.1 pip for ECN account holders.

Pepperstone provides technologically advanced platforms and ensures quick execution of orders. This forex broker is equally good for both novice and experienced traders.

#5: Tickmill

TickMill best Forex broker review

Established in 2011 in the Republic of Seychelles, Tickmill is owned by Tickmill Limited and is operated by Tmill UK Limited and Tickmill Ltd, a company registered in England and Wales. Tickmill has its principal and registered offices in London and Seychelles. Tickmill operates under the regulatory control of both Financial operates Conduct Authority in the UK and Financial Services Authority of Seychelles. Tickmill offers 62 currency pairs, gold and Silver for trading.

The minimum amount to be deposited to open an account is $25 and spreads start from 0 pips. They offer a leverage of up to 1:500 and keep clients’ funds in a segregated account.

The advanced MetaTrader4 trading platform provided by the broker offers a number of trading strategies, including Myfxbook’s Autotrade, which is a copy-trade platform.

If you are thinking in terms of a broker for intraday trading, cheap transaction cost and quick CS and finance department services, you can consider this forex broker.

#6: Plus500

plus500 best forex broker review

Plus500CY Ltd., a company Cyprus based company with headquarters in Limassol, is the provider of the Plus500 forex trading platform. This broker is authorized and regulated by the Cyprus Securities and Exchange Commission.

Plus 500 is a no frills, low transaction cost CFD Provider. The company offers tight spreads. For EUR/USD pair, it is as low as 2 pips. The range of instruments offered for trading include forex, ETFs, CFDs on bitcoin and Index Options.

The forex broker provides strong mobile platforms, compatible with iOS and Android, and those that work on Windows. The minimum deposit is $100 and the maximum leverage is 50:1.

Plus500 is a good choice for experienced traders who want to keep their transaction costs low.

#7: eToro

etoro best forex broker

The Tel Aviv based forex broker eToro has over 4.5 million users spread across 170 countries. Founded in 2006, the brokerage has registered offices in Israel, Cyprus and the United Kingdom. The key features offered by eToro are the social-trading and copy-trading platforms.

The market maker type forex broker is operates under the regulatory purview of CySEC, MiFID, CFTC, FCA, NFA and ASIC. Minimum deposit required to start trading is $50 and the leverage goes up to 400:1.

Experienced traders may monetize their trading expertise by enabling others to follow and copy their trades.

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