Forex Trading Brokers That Can Help You Make Big in the Market

most trusted forex broker 2019Having a broker is the first step if you want to enter the world of forex trading. The sole purpose of the broker is to get you into the market so that you can trade the currencies and invest in stocks. There are various brokers out there that are covered in sheep’s clothes, but deep down are wolves that are going to get you and your money. However, there are certain brokers that are legit and wishes you genuine success in your trading. In this article, we’re going to talk about forex trading brokers that will help you in your trading journey.

Before we get to the list of forex trading brokers, keep in mind that there are regulated brokers in the US that can’t offer a minimum deposit and a good leverage. The reason behind this is that brokers that are based in the United States follow certain rules. Their leverages ranges from 1:1 to 1:500 as their highest and their minimum deposit is not lower than a $100. So in this article, for the sake of all the new traders, we’re going to recommend the brokers that are reliable and regulated outside of the United States.

Most Recommended Forex Trading Brokers in 2020

BrokerInfoBonusOpen Account
OCTAFX forex broker Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), CySEC
50% Deposit Bonus, Real contest 1st prize Luxury car BMW X5 M, Copy trading, Trade&Win.Visit Broker
new logo FBS Markets inc Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: CySEC, IFSC
$100 No-Deposit Bonus, 100% Deposit BonusVisit Broker
xm best forex broker Min Deposit: $5
Spread: From 0 Pips
Leverage: 500:1
Regulation: ASIC, CySEC, FCA (UK), IFSC Belize
“50% +20% deposit bonus up to $5,000, Loyalty Program BonusVisit 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 DepositVisit Broker
Forex.com Gain Capital review USA Min Deposit: $50
Spread: Starting 0 Pips
Leverage: up to 400:1
Regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
Visit Broker
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 bonusVisit 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
iq option best binary options brokers Min Deposit: $10
Spread:
Leverage:
Regulation: CySEC
-Visit Broker
etoro best forex broker USA Min Deposit: $200
Spread: From 3 Pips
Leverage: 400:1
Regulation: NFA, FCA, CySec
Visit Broker
City Index forex broker Min Deposit: $100
Spread: Starting 0 Pips
Leverage: up to 500:1
Regulation: FCA UK, ASIC Australia, MAS Singapore
Visit Broker

FBS Markets Inc

new logo FBS Markets inc
Spread: From 0 Pips
Leverage: 3000:1
Min Deposit: $1
Regulated: CySEC, IFSC

FBS is a broker that is based on Belize and they offer to trade on currencies, metals, indices, stocks, and futures. They are regulated by the International Financial Services Commission, or better known as the IFSC in Belize. FBS is also regulated by a European entity called Cyprus Securities and Exchange Commission. FBS offers a variety of trading accounts- Cent accounts, Micro accounts, Standard Accounts, Zero spread, and ECN. This broker is advisable for anyone and everyone that’s highly interested in trading. In addition, FBS has no commission in your trades. It has ECN available, it offers flexible spreads, it has minimum deposit for as low as $1 depending on the account that you choose, wide variety of deposit methods, and it has a very responsive chat support. If you’re looking into trading, try FBS as your broker. As of this article, FBS is offering a free $100 on your first account just to start off your trading career and it also offers a 100% bonus on any of your deposit. Sounds like a good deal, yeah? Give it a go!

XM

xm best forex broker
Spread: From 0 Pips
Leverage: 500:1
Min Deposit: $5
Regulated: ASIC, CySEC, FCA (UK), IFSC Belize

XM is formed in 2009 by a group of regulated brokers. They are based in Limassol, Cyprus. XM is one of the most trusted brokers outside of the United States for it offers a wide varieties of accounts, good spreads and doing a deposit is as easy as shopping. XM is also known for their customer services as language barriers is never an issue in XM for they have offices that are set for every country. You can bet that inside those offices are your local folks that can talk the same language as you. Just like FBS trading, XM is regulated by the Cyprus Securities and Exchange Commission, making it extremely safe and reliable for you. Furthermore, as of this article, XM is offering a free $30 account to anyone who wishes to trade with them for the first time. So, give it a go and start your trading journey today!

Forex.com

Forex.com Gain Capital review
Spread: Starting 0 Pips
Leverage: up to 400:1
Min Deposit: $50
Regulated: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA

If you haven’t heard of this specific broker, they pride in being one of the biggest brokers in the forex trading industry. They’re completely regulated and licensed by the FCA UK, NFA, CFTC, ASIC Australia, IIROC, FSA, CIMA, making them a reliable broker. They also have a remarkable customer service, having approximately 90 customer service agents to help you with any inquiries or issues. With this broker, you can trade Cryptocurrency, Forex, Stocks, and more- with Forex trading still being their most popular form of trading. With this broker you can get to experience tight spreads and trade on the go type of settings. It also has minimum deposit of $50 whenever you want to trade. It’s clear that Forex.com is one of the reliable ad trustworthy brokers you can choose. Try it for yourself!

Pepperstone

Pepperstone review best forex broker in Australia
Spread: Starting 0 Pips
Leverage: 500:1
Min Deposit: $200
Regulated: ASIC Australia, FCA UK

Pepperstone is considered to be the most trusted broker that’s based in the Australia. Pepperstone is authorized by two tier-1 regulations (ASIC Australia and FCA UK), making it safe for first-time traders. Pepperstone also offers tight spreads and can be compared to FOREX.COM and XM. Pepperstone has a trust score of 90/99 making it the safest forex broker out there and it offers remarkable leverages for people that are risk takers. Try Pepperstone for yourself to start your trading experience!

Finding the right broker that will help you in your journey is a blessing. Not a lot of brokers care for their client, but there are a given few who do. Brokers should be your best friend in this trading journey, so to the people that are reading this who are aspiring traders, look for that kind of best friend first. Getting in to the market with a broker that will only scam you for your money is gonna scar you for life and you’ll end up thinking that forex is a scam. You need all the care and protection in entering the most volatile place there is, and a decent broker will provide that for you. A true forex broker will never hinder you in achieving your goals, but a fake one will manipulate your positions in a trade for you to lose. Good thing the internet is free and you can easily search certain reviews on the broker that you have in mind. Always bear in mind that if you see a red flag in that specific broker, take it seriously. Finding the right broker is so important and the brokers mentioned above are just some of the reliable options.

In conclusion, I hope this article was able to help you gain insight on forex trading brokers that will help you succeed in this given industry. Having the right broker is your key to succeeding in the forex industry and if you find the broker that genuinely cares about you and is reliable and trustworthy, you’re a step closer to success.

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