When you are a Forex trader, you do need a Forex broker that allows you to access the currency market, which runs for 24 hours a day. Apparently, there are so many Forex brokers to choose from, making it difficult to select the most reliable firm for your currency trading activities.
To make the selection less complicated and time-consuming for you, here is a Forex Brokers List containing brokers that are reputable, trusted, and regulated by prestigious international financial agencies.
This firm is one of the most trusted Forex brokers in the world. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Federal Security Service (FSB). it has a maximum leverage of 1:200. It uses MetaTrader 4 and Proprietary as trading platforms. The minimum deposit for this firm is $100 while the deposit bonus is around $2,000.
Included in this Forex Brokers List is XTrade is under the regulation of CySEC, the Australian Securities and Investments Commission (ASIC), and Markets in Financial Instruments Directive (MiFID). It requires a minimum deposit of $100 and provides a generous deposit bonus up to $10,000. Its trading software is the MetaTrader 4.
Featuring a demo account, a debit card for holders of live accounts, and free withdrawals, just to name a few, AvaTrade is one of best Forex brokers in the world, with offices in several powerful countries like Australia and Japan. It is regulated by several international agencies, including ASIC, MiFID, and Central Bank of Ireland. It uses MetaTrader 4, Proprietary platform, Web-based trading software and requires you to deposit a minimum fee of $100. If the deposit goes over $1,000, then you are given an access to the charting tools of Trading Central.
This is another firm included in this best Forex Brokers List. XM is regulated by CySEC, FCA, and German-based BaFin. It allows its customers to choose a favorable Forex trading platform from WebTrader and MetaTrader 4. It provides a demo account for beginners, a standard live account, micro account, and an Islamic account. Its minimum deposit is only $5, and you can get a deposit bonus of up to $5,000.
Being in the currency trading industry for more than three decades, HYCM has been a trusted Forex broker based in London. It offers three types of accounts to cater to the needs of every Forex trader. It has Micro accounts, Standard accounts, and VIP accounts. Regulated by FCA and FSCS, HYCM uses MetaTrader 4 to have a smooth Forex trading activity. It has a minimum deposit of $50 and a deposit bonus of up to $5,000.