List Of Best Forex Brokers For Trading Currency in 2018

List Of Best Forex Brokers For Trading Currency in 2018The forex market is the biggest and the most liquid of all of the financial markets in the with a turnover of approximately $5.3 trillion per day. The currency market is unique in many ways. The first and the foremost aspect is that there is no centralized exchange for the forex market. In the currency market, the trades are settled over the counter (OTC). This means that the currencies are traded in many geographical locations, which are connected by modern communications technology, and there will be a number of marginally different price quotes for each currency.

Secondly, the forex market remains open round the clock, except on weekends. Further, the market participants enjoy varying levels of price access in the forex markets. The participants in different time zones range from financial institutions and very large banks to individual traders and small retail brokers. Central banks around the world are the biggest as well as most influential forex market participants. Large commercial banks and corporations, hedge funds, and investment managers are also major players in the market.

Top Recommended Forex Trading Brokers for 2018

Broker Info Bonus Open Account
HYCM Forex broker Min Deposit: $100
Spread: From 0,2 Pips
Leverage: 1:200
Regulation: FCA UK (#186171), CySEC (#259/14)
10% Welcome Bonus up to $5,000 Visit Broker
FBS Markets Inc forex broker Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: CySEC, IFSC
$50 No-Deposit Bonus, 100% Deposit Bonus, Lucky T-shirt, iPhone 6s Plus Visit Broker
OCTAFX forex broker Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), FCA UK (#679306)
50% Deposit Bonus, Real contest 1st prize Luxury car BMW X5 M, Copy trading, Trade&Win. Visit Broker
xm best forex broker Min Deposit: $5
Spread: From 0 Pips
Leverage: 500:1
Regulation: ASIC, CySEC, FCA (UK), IFSC Belize
“$30 Non-Deposit bonus, 50% +20% deposit bonus up to $5,000, Loyalty Program Bonus Visit Broker
exness forex broker review Min Deposit: $1
Spread: From 0 Pips
Leverage: 2000:1
Regulation: FCA UK, CySEC, FSP, BaFin, CRFIN
35% of the account Deposit Visit Broker
iq option best binary options brokers Min Deposit: $10
Spread:
Leverage:
Regulation: CySEC
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No Deposit Bonus Instaforex Broker Min Deposit: $1
Spread: Fixed Spread From 3 Pips
Leverage: Up to 1:1000
Regulation: CBR, CySEC and FFMS
30% Forex Deposit bonus Visit Broker
Pepperstone review best forex broker in Australia Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia, FCA UK
Visit Broker
FXOpen ECN Broker Min Deposit: $300
Spread: floating, from 0 pips
Leverage: 500:1
Regulation: FCA UK reference number 579202
Visit Broker
ThinkMarkets Forex Broker regulated by ASIC and FCA UK Min Deposit: $250
Spread: as low as 0.1 pips
Leverage: up to 400:1
Regulation: ASIC Australia and FCA UK
Visit Broker
etoro best forex broker USA Min Deposit: $200
Spread: From 3 Pips
Leverage: 400:1
Regulation: NFA, FCA, CySec
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)
Visit Broker
avatrade forex cfd broker Min Deposit: $100
Spread: Starting From 0.9 pips
Leverage: 400:1
Regulation: MIFID, FSB & ASIC
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In the 1990s, only large financial institutions participated forex trading. It is the development of the Internet, the emergence of forex brokers, trading software, and margin trading that popularized retail trading. It is possible now for retail traders to involve in spot trading with market makers.

Retail forex trading forms just a small part of the currency market. In this segment, individuals speculate in the exchange rates of different currencies. Over the years, there has been a steep rise in the number of individuals who are pursuing forex trading as a career or profession. This, in turn, has resulted in the mushrooming of online forex trading platform providers. As of 2016, the retail forex trading segment represented 5.5 percent of the total currency market with a daily turnover of $282 billion.

If you are a forex trader, you need to sign up with one of the umpteen numbers of brokers out there in the market that provide online forex trading platforms. And, it is no longer a secret that your success as a forex trader is dependent on the online forex brokerage that you choose to work with. There a few aspects that you must consider before choosing the right one. They have been discussed in a separate post. In this article, we will be introducing you to a few of the reliable forex brokers that you can consider and find out if they will be able to meet your specific needs. Here is a list of top online forex brokers for currency trading in 2018.

#1: XM.com

XM.com, a trade name of Trading Point Holdings Ltd, is owned as well as operated by Trading Point of Financial Instruments Ltd, which is regulated by CySEC. It is also European Union-registered forex broker. XM has its headquarters in Limassol, Cyprus.

Broker Type – DMA/STP, MM
Minimum Deposit – $5
Deposit Options: Bank Wire, Neteller, Skrill, WebMoney, Credit Card, WesternUnion, MoneyGram, SOFORT, UnionPay (China), etc.
Maximum Leverage – 888:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 1

#2: FBS.Forex

FBS, an international forex broker, has a presence in over 120 countries. The online forex company boasts of 2,000,000 traders (clients) and 130,000 partners. For Muslim traders, the broker provides swap-free or Islamic accounts. FBS was founded in 2009 and they do not offer financial services to people in the USA, Belize, and Japan.

Broker Type – ECN/STP, DMA/STP, MM
Minimum Deposit – $5
Deposit Options: Visa/Master Card, Neteller, Skrill (7.5% commission), Webmoney, Perfectmoney, OKPAY, FBS Exchanger, Wire Transfer, YuuPay (3% commission), etc.
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Fixed and variable
Lowest Spreads for EUR/USD – 2 pips for Mini accounts and 1 – 2 for Standard accounts

#3: Pepperstone

Pepperstone, an execution-only forex as well as CFD broker, provides trading solutions that cater to both veteran and novice traders. Founded in 2010, the company has its headquarters located in Melbourne, Australia. The company has offices in Shanghai, China, and Dallas, USA.

Broker Type – Electronic Communication Network/Straight Through Processing and Direct Market Access/Straight Through Processing
Regulation – Australian Securities and Investments Commission (ASIC)
Platforms – MetaTrader4, cTrader
Minimum Deposit – $200
Deposit Options – Bank Wire, Debit Card, Credit Card, WebMoney, Neteller, FasaPay, Skrill, BPAY, POLi, QIWI, PayPal, UnionPay (China), etc.
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 0.5 pips for Mini and Standard; more than 0.1 pips for ECN

#4: Plus500

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

Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA) UK, Australian Securities and Investments Commission (ASIC)
Platforms – Windows Trader, WebTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, Credit Card, Skrill, etc.
Maximum Leverage – 50:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 2

#5: InstaForex

The brand InstaForex was launched in 2007. Currently, the forex broker has more than
3,000,000 customers. Further, over 1,000 customers open accounts every day. They enable
ECN forex trading, contracts on derivatives and other instruments.
Broker Type – ECN
Regulation – RAFMM/CRFIN
Minimum Deposit – $1
Deposit Options – Credit Card, Bitcoin, Skrill Moneybookers, PerfectMoney, QIWI, RBK Money, Webmoney, Yandex.Money, Wire Transfer
Trading Platforms – MT4, MT5, WebTrader
Maximum Leverage – 1000
Minimum Lot Size – 0.01
Spreads – Fixed/Variable
Lowest Spreads for EUR/USD – 3 pips

#6: FXOpen UK

In 2013, FXOpen launched its online trading platform. FXOpen UK, based in London, is regulated by the Financial Conduct Authority in the UK.

Broker Type – ECN/STP
Regulation – FCA, UK
Platforms – Three versions of MT4
Minimum Deposit – $300
Deposit Options – Bank Wire Transfer, Credit/Debit Cards, WebMoney, Neteller, Skrill, Payza
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – Starts from 0 pips

#7: Avatrade

AvaTrade, a pioneer in the field of online forex trading from 2006 onwards, was created for the purpose of providing great online trading experience to retail traders. Within a short time, AvaTrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe. The total value of trades surpasses $60 billion in a month.

Broker Type – Market Maker
Regulation – Australian Securities and Investments Commission (ASIC); Central Bank of Ireland; Financial Futures Association, Japan; Financial Services Board (FSB), South Africa and Israel Securities Authority (ISA)
Platforms – MetaTrader 4, AvaTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, WebMoney, Skrill, Credit Card, Neteller, Prepaid Master Card, etc.
Maximum Leverage – 400
Minimum Lot Size – 0.05
Spreads – Fixed
Lowest Spreads for EUR/USD – 3

#8: eToro

eToro, an online forex broker, offers trading in currencies, indices, commodities and CFD stocks. More than 4.5 million users from over 170 countries around the world make use of the online forex broker’s website. Founded in 2006 in Tel Aviv, the multi-asset brokerage company has registered offices in Israel, the United Kingdom, and Cyprus. One of the key features of eToro is the social investment platform with Copy-Trading feature that it offers.

Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Markets in Financial Instruments Directive (MiFID), Commodity Futures Trading Commission (CFTC), Financial Conduct Authority (FCA), National Futures Association (NFA), Australian Securities and Investments Commission (ASIC)
Platforms – eToro OpenBook, eToro WebTrader, eToro Mobile Trader
Minimum Deposit – $50
Deposit Options – Bank Wire Transfer, Credit/Debit Card, Skrill, Moneygram, PayPal, Neteller, Webmoney, Western Union
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 3

#9: OCTAFX

Octa Markets was incorporated 2011 and the forex brokerage serves clients in more than 100 countries around the world. The company is registered in Saint Vincent and the Grenadines. The company operates under the regulatory purview of IFSA.

Broker Type – DMA/STP
Minimum Deposit – $5
Deposit Options: Bank Wire, Debit Card, Credit Card, Skrill, Neteller, UnionPay (China), FasaPay, etc.
Maximum Leverage – 500
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 1.5

#10: Tickmill

Tickmill, owned by Tickmill Limited and operated by Tmill UK Limited and Tickmill Ltd., which is a company registered in England and Wales. Tickmill has its principal and registered offices in London and Seychelles. Tickmill is under the regulatory control of both Financial operates Conduct Authority in the UK and Financial Services Authority of Seychelles.

Broker Type – STP/ECN/NDD/DMA
Regulation – FCA, UK, and FSA, Seychelles
Platforms – Web Platform, MetaTrader 4, Mobile Platform
Minimum Deposit – $25
Deposit Options – Wire Transfer, Credit/Debit Card, WebMoney, UnionPay, Skrill, Neteller, FasaPay
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – Starts from 0.0

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