Top 20 forex brokers in the world

Narrowing down the number of forex brokers to just the top 10 forex brokers in the world is complicated.

However, we have made a list of the top 10 forex brokers and as with the previous lists, it took vast amounts of forex education. After doing the ratings, it becomes very easy to pick the names on our top 10 forex brokers in the world. As you can see, it is exhaustive. We examine all the angles we know you care about as the customer.

Recommended top 10 forex brokers rating and reviews

Narrowing down the number of forex brokers to just the top 10 forex brokers in the world is complicated. However, we have made a list of the top 10 forex brokers and as with the previous lists; it took vast amounts of forex education.

Many of the experts who provide most of the forex education on our site made the top 10 forex brokers in the world list. They included in this process, many important things you should know.

Read on to find out how we know that this list contains only the best of the best.

1. Forex ratings

This is something we do mathematically. Calculating points is not an easy feat. We base it on so many things. Among them, one is forex education. To understand what it’s like to come up with a rating system, you first need to know what’s important.

When picking the top 10 forex brokers in the world, there is a criterion. The criterion helps us categorize features, services, and versatility.

Here is a list of some of the most important things we consider:

Regulation authorities

How old is the company?

Offices and branches

Commissions and spreads

Analytical services, reviews, and forecasts

Customer reviews

News about the company

ECN and PAMM accounts availability

Forex competitions

Education for free

Number of payment systems available

Automated withdrawals

Website performance

After doing the ratings, it becomes very easy to pick the names on our top 10 forex brokers in the world. As you can see, it is exhaustive. We examine all the angles we know you care about as the customer.

2. Customer reviews

This is a big part of something that we call ‘ social proof ’ in the world of digital marketing. The word of someone who has used service is worth more than an advert. We read through reviews left by customers to compile an acceptable top 10 forex brokers in the world list.

Reviews make up some points we use in the rating system. However, on their own, they represent accuracy. You want to know that the people telling you an FX broker is good to have the first-hand experience.

Reviews help with:

Providing a cautionary step before you take any action

Giving you social proof

Assuring you of credibility

Confirming the reliability of a company

We read as many of them as possible to form a clear picture of a company.

3. Reputation

The reputation of a company can help you know about it even before you meet anyone from there. Some of these companies are on the top 10 forex brokers in the world list because of reputation.

Several trusted financial authorities, experts in the forex market and customers speak well about them.

Most of these top 10 forex brokers get their name out there by doing things that include offering free forex education on their websites. We look out for where they get mentioned, why and the impression we get from that.

Read on to find out which ones will be the best for you.

4. Regulation authorities

When it comes to forex brokers, we always want to know that they are regulated. When they are not, it becomes a problem because this lack of regulations opens up doors for fraudulent operations.

Before you sign up with a broker, always make sure that they are appropriately regulated. When you check the bottom of the website for any broker, you will find a license number, if they are genuine.

If you do not see it, ask them for it or avoid them because that is a red flag that they may not be who they say they are.

If they have the number, just copy it and check for their name on the website of the regulator that they claim oversees them. If you do not find it, you should know that they are lying. Some of the most well-known regulators in the world are:

ASIC – australian securities and investments commission

Bafin – the bundesanstalt für finanzdienstleistungsaufsicht (germany)

CFTC – commodities and futures trading commission (united states)

Cysec – cyprus securities and exchange commission

FCA – financial conduct authority (united kingdom)

FFMS – federal financial markets service

FINMA – swiss financial market supervisory authority

FMA – financial market authority (austria)

FSA – financial services agency

FSB – financial services board (south africa)

Financial services commission – BVI

Financial services commission (FSC) – mauritius

IFSC – international financial services commission

FSP NZ – new zealand financial service provider

ISA – israel securities authority

MFSA – malta financial services authority

SEBI – securities and exchange board of india

VFSC – vanuatu financial services commission

UAE – abu dhabi central bank

With these, you can never go wrong. If the broker is not certified by them, they do not qualify for our list of the top 10 forex brokers in the world. The more the regulation, the better. However, it is not the only metric that makes the companies qualify.

5. Commissions and spreads

The opportunity for a broker to take advantage of you comes in when they do not come clean about the charges. When we look at the commissions and spreads, we want to see them at the industry standard or even lower than usual.

To be clear, we do not pick the top 10 forex brokers in the world because of unusually low fees. The trading fees need only to be reasonably low and not too low. When the deal starts to look too good, always be careful because that is a sign of a scam broker trying to get you.

In picking the top 10, we look at the brokers with the lowest spreads among the points that we look at. When they allow you to make profits reasonably, we add them to our shortlist as we check the other things.

Sometimes, the brokers might advertise a low spread and not have it. In most markets, the aim for most traders is to look for the lowest spreads because they allow you to trade cheaply. So, we make sure to look at the validity of the claims before picking them for this list.

The trader wants to have a profitable strategy that will allow them to lower the transaction costs, as much as possible. Since the spread is the difference between the bid and asks prices, standard accounts will try to charge as much as they can without oppressing the trader too much.

6. News about the company

Knowing as much about a company as possible, require that we look through their past to make sure that they are not hiding something that could be potentially damaging to the clients that they serve. The top 10 forex brokers in the world are the ones with a good track record.

Any company that is worth making it to the list would be in the news in one form or another. We also check what the people who signed up for it say. This helps us have a clear picture of what a company is all about so we can give you accurate information when we compile the top 10 forex brokers list.

7. Education

Most of the top forex brokers in the world know that education for their customers is an essential thing. So, it is not uncommon to find that they provide it. Even the most professional traders know the value of information and will check information before they make a decision.

Having all the information you need for any of the things you need to do in the market is handy. Education forms the backbone of all traders who make it in the market.

8. ECN and PAMM accounts availability

Many of you do not know where to look when trying to find the best ECN brokers online. In our list of the top 10 forex brokers in the world, we have listed some of them who have ECN accounts. With these accounts, you get direct access to liquidity providers.

PAMM accounts are a little trickier. With them, you make use of other traders who are more competent than yourself. They trade on your behalf, for a percentage of the profits. To be on the safe side, you should not go independent when it comes to this.

We have listed the best companies that offer access to this service, it allows you to make money without having to do all that work or take risks as a novice who may not be able to thrive in a competitive market.

To wrap up

The process of picking the top 10 forex brokers in the world is not an easy one, but we had fun doing it because it allowed us to know more about an industry that is one of the biggest in the world. As a trader, you will be safe when you go with any of these choices.

To make sure that no one has to fall prey to scams, we also prepared lists for those who want to know how to avoid scams, lists of true ECN accounts and other reviews that will complement this one to create a fuller picture that will make sure you are adequately prepared when you step out into the world of forex as a trader.

List of the best 23 forex brokers | trusted reviews

Are you looking for a good and serious forex broker? – then this page is the right place for you. Thanks to the large selection on the internet it is often difficult to make the right decision. With more than 7 years of experience in the financial markets, we present you with the best providers with top service and without hidden costs. Find out in the following texts how to select a secure forex provider and which online broker offers the best conditions.

Broker:	review:	regulation:	spreads:	assets:	advantages:	open account:
1. Bdswiss	(5 / 5) ➜ read the review	cysec, FSC	starting 0.0 pips + $ 2.0 commission per 1 lot	250+ (50+ currency pairs)	+ individual offers + trading signals + raw spreads + leverage up to 1:500 + best education + personal support

Watch our full video review about the best forex brokers (risk warning: your capital is at risk):

Strict criteria for the forex broker review

In contrast to many other comparison sites, we present you on this website only the safest providers with the best conditions for traders. As experts with many years of experience, we have tested many forex brokers and still use some of them. A good provider should have certain characteristics that guarantee good and safe investing.

It is not uncommon to hear of fraud on the internet. This is to be avoided by this comparison. In addition, one would like to save on charges as a trader because the costs for the trade reduce of course the actual profits. Also, the security of customer’s money is of high priority. A regulation or license, for example, is urgently needed for secure trading with international brokers. All these criteria and many more are included in the test. Therefore we can present you on this page the best forex brokers in a list.

Proven facts for a good forex broker:

Regulation and license of an official finance authority

High safety of customer funds

Fast and reliable market execution

Small forex trading fees and no hidden fees

No requotes (high liquidity)

User-friendly trading platform

Free and unlimited demo account

Professional support

Fast deposit and withdraw methods

How does a forex broker work?

A forex broker is an intermediary between a client (trader) and the interbank market for currencies (wikipedia). In addition, the broker can lend capital to the trader so that he can trade with leverage. The broker’s income is generated by the spread and the cost of financing the leveraged positions.

There are 2 different models of brokers: market maker and ECN/NDD broker

Example of live spreads for forex brokers

Market maker:

This broker does not place the trader’s orders directly into the real interbank or spot market. There is an internal matching system between the positions of the traders. Of course, the broker can hedge himself on the real markets so that there are no distortions in supply and demand. In most cases, this system can be opaque, and only as a broker employee, you know the exact functions. A market maker forex broker is not bad or scam. Nowadays, most providers offer good and exact executions.

ECN/NDD (no dealing desk) broker:

ECN and NDD mean direct access to the interbank market through various liquidity providers. These are large banks or very large forex brokers. The provider places the trader’s orders directly into the real market. So the customers get direct and real market prices for trading. With this model, there is no conflict of interest between trader and broker. Zero (no) spread accounts are offered.

Warning: only trade with regulated and licensed forex brokers

Security has the highest priority in online trading. When it comes to trading leveraged financial products, you have to be able to trust the forex broker. It is not uncommon for large sums of money to be used to generate a large profit. For example, brokers in europe must have regulations or licenses if they want to offer their services. The regulation can be in any european country. The same or almost the same requirements apply to brokers everywhere. In order to avoid fraud, it is important to look for such a license.

Licenses are only issued under certain conditions and criteria. If a broker violates these conditions, the license may be withdrawn immediately. All tested companies of mine are always concerned to keep the highest criteria and to guarantee a safe trade. Many brokers, for example, are regulated in cyprus. This has tax advantages. Nevertheless, there are also forex brokers with more than one regulation. The various regulatory authorities can be seen in the table above.

Facts of reliable and secure companies:

Regulation and license

Separated customer funds

Regulated deposit and withdrawal methods

Using well-known banks

Large liquidity providers

Another important point for serious trading is the security of customer funds. Payouts of winnings or the deposited amount should work smoothly. It was not uncommon for some brokers to speculate on customer funds themselves. In the end, withdrawals were refused or delays occurred.

How risky is forex trading?

Forex trading is managed by leveraged financial products. That means you are able to trade a bigger contract size than the amount of money in your account. Some brokers offer the leverage up to 1:3000. Many traders are afraid of the obligation to make margin calls and this is not without reason as the past has shown. Account balances could slip into the negative balance. This is possible due to extreme market situations and too large a position size in relation to the account balance.

The providers shown above all have no obligation to make additional contributions (except IC markets and vantage FX). With the providers in the upper table, you are therefore protected against such a scenario. In our experience, this can only happen if the account is too heavily leveraged. You should always beware of sensible risk management.

Beginners should always start with the free demo account to practice forex trading.

A demo account is essential for successful trading. The trading column form and conditions can be tested extensively with this account. It is a virtual credit account that simulates real money trading. It can be traded without risk. This means that new strategies can be developed or new markets tested. The demo accounts of the compared providers are completely free and unlimited. This account is best suited for entry into forex trading.

How to deposit and withdrawal money:

For most traders, the first deposit into their account is very exciting. It should work smoothly and be highly secure. Forex brokers offer well-known and proven payment methods. Capitalize the trading account with electronic methods (credit card, e-wallet, paypal, crypto) or with the classic way of bank transfer. Electronic methods work in real-time and the money is credited directly to the trading account. Trading can be started immediately. The minimum deposit at the compared brokers is very low. For example, you can open an account from as little as 1$. If this is worth it, you have to decide for yourself. There are no fees for deposits.

Example of payment methods of a forex broker

The payout is also very uncomplicated. With a few clicks, you can request a withdrawal on the menu. This is then released in 1-3 working days. However, most brokers payout customer money in less than 24 hours. All presented brokers passed this test. The fees can be high for small payouts. With payments over 200$, the most forex brokers take over the fees but some brokers do not charge any commissions.

Facts about the payments:

Instant deposit of money

Fast withdrawal within 1 – 3 working days

Electronic methods (skrill, neteller, paypal, and more)

Cryptocurrencies

Bank wire

Not every country is available for forex trading

Not every country is available for forex brokers and trading. This is because there are some restrictions and special regulations. For example, in some countries, an international broker needs a special license for that specific country. So it is too much afford for some companies to get the license and they stop taking clients from these countries. You can clearly see on the homepage which clients they accept. Not many brokers accept clients of the united states of amerika.

From my experience, the fastest-growing countries are in africa and asia. Because of the development of mobile internet, more people get connected to the forex market. India, nigeria, philippines, malaysia, and china are at the moment the fastest-growing countries.

Is forex trading legal?

Forex trading is fully legal if there is not any ban from the government. Forex trading is just changing money into another currency. This is not an illegal practice. The brokers on my review got official regulations so they act fully legal.

Review conclusion: start trading with a reliable forex broker

On this page, we have presented you with our current list of the top 23 forex brokers in comparison. Now you have a selection of good and reputable companies in front of you. It was particularly important to us that we only present providers here, which we have tested by ourselves with real money. This is not the case with most comparisons.

Profit now from the most favorable fees and the best conditions by my experience of many years. With these providers, you are 100% safe and can take your forex trading to the next level.

We hope you could learn something in this comparison and act now with better providers through my recommendations. If you can’t make up your mind, please also read the reviews.

Successful forex trading requires a good and reliable broker. In this review, we showed you the top 23 secure forex brokers. Now you can choose your professional trading partner.

Top 10 forex brokers in the world

Luke jacobi

Contributor, benzinga

Want to jump straight to the answer? The best forex broker for most people is definitely FOREX.Com

Whether you’re a seasoned or new forex trader, the broker you choose could translate into better executions that increase your bottom line. Here are the 10 best forex brokers in the world based on various characteristics.

1. Best overall: FOREX.Com

2. Best for copy trading: etoro

3. Best CFD broker: IG

4. Best for futures traders: ninjatrader

5. Best for advanced traders: interactive brokers (IBKR)

6. Best for active traders: pepperstone

7. Best for leveraged trading: FXTM

8. Most innovative platform: avatrade

9. Best for cryptocurrency cfds: city index

10. Best for all trading levels: HYCM

Choose a broker that fits your needs

Account minimum

Pairs offered

Minimum trade size

Spread

Commisions

1. Best overall: FOREX.Com

FOREX.Com’s sophisticated analytical tools and trading platforms make it our overall no. 1 forex broker pick. In addition to offering 80 currency pairs and competitive dealing spreads, FOREX.Com’s extensive educational and research resources suit experienced and novice traders. For a more in-depth look at FOREX.Com, check out benzinga’s FOREX.Com review.

As the top U.S.-based forex broker, FOREX.Com has oversight from the commodities futures trading commission (CFTC) and is a member of the national futures association (NFA). You can use leverage of up to 50:1 on most forex pairs. The broker’s proprietary mobile and desktop platforms offer over 80 different technical indicators or you can use the metatrader 4 platform that features customizable expert advisor (EA) software capability that allows you to automate your trading plan.

FOREX.Com has a minimum deposit requirement of 50 units of the currency where you reside to open an account. Standard accounts feature no commissions other than the dealing spread for transactions, although FOREX.Com does offer a commission-based account that costs $5 per trade with reduced spreads.

FOREX.Com’s advanced trading platform. Source: FOREX.Com.

Account minimum

Pairs offered

Minimum trade size

Spread

Commisions

2. Best for copy trading: etoro

New to trading? Etoro’s social and copy trading service provides a great way for you to duplicate trades in your own account made by expert traders with a proven track record. Etoro also offers a wide range of comprehensive educational material for novice traders. Although etoro does not support the metatrader platforms, just about anyone can navigate its intuitive website, trading platforms and mobile apps.

Etoro has a $50 minimum requirement to open an account that gives you access to trade in more than 2,000 different assets. Etoro recently became available to U.S. Clients in many states, although it is not registered with the usual U.S. Financial regulators. The broker instead does business as a money services business with oversight from the U.S. Financial crimes enforcement network (fincen).

Screenshot of etoro’s trading platform. Source: etoro.

Commissions

Account minimum

3. Best CFD broker: IG

Regulated by the NFA and CFTC, IG allows U.S. Clients to trade contracts for differences (cfds) on more than 17,000 different assets that include forex pairs, indices, stocks, options, bonds, exchange-traded funds (etfs), commodities and short-term interest rates. IG markets lets forex traders operate in 80 different currency pairs and has a $250 minimum deposit.

In addition to its own advanced proprietary trading platform, IG supports 3rd-party platforms such as prorealtime and metatrader 4. IG makes its money from the dealing spread that starts at 0.08 of 1 pip for EUR/USD and widens depending on the currency pair.

Screenshot of IG markets’ trading platform. Source: IG markets.

Commissions

Account minimum

4. Best for futures traders: ninjatrader

Known for its advanced trading platform, ninjatrader’s brokerage service best caters to the needs of futures traders focused on trading products from the CME group, chicago board of trade (CBOT), new york board of trade and the eurex exchanges. In addition to the forex and futures markets, ninjatrader allows you to trade cfds and stocks.

Ninjatrader has a $400 minimum deposit to open an account that gives you access to trade forex and futures at very competitive rates. The ninjatrader trading platform includes a number of features traders find extremely useful, such as its backtesting engine, advanced charting and simulated trading.

The basic ninjatrader platform can be used free of charge by broking clients, although 3 more advanced forex platforms require a licensing fee. In addition to its advanced trading platform, ninjatrader helps new traders educate themselves with hundreds of on-demand training videos, guides and a youtube channel.

Screenshot of ninjatrader’s advanced trading platform for windows OS. Source: ninjatrader

Pricing

Account minimum

5. Best for advanced traders: interactive brokers (IBKR)

Advanced traders will appreciate interactive brokers’ world-class brokerage services available to U.S.-based clients. Interactive brokers also provides traders with an unusually broad range of access to 134 financial markets in 33 countries. In addition to full U.S. Oversight by the CFTC, NFA and the securities exchange commission (SEC), interactive brokers is also regulated in canada, australia and the U.K.

Interactive brokers offers forex traders competitive dealing spreads and $0 commissions on U.S. Stocks and etfs. You’ll need a decent amount of money to open an account with this broker since its minimum deposit is $10,000, which gets applied to your 1st 8 months of commission charges.

After that, your account requires a minimum balance of $2,000. Keep in mind that IBKR also charges inactivity and maintenance fees, which makes the broker most suitable for advanced active traders with deep pockets.

IBKR’s highly advanced trading platforms include the trader workstation (TWS) platform for desktop computers, the client portal and a mobile app. The broker’s trading platforms offer advanced analysis and research tools. You can use them to trade in multiple assets from 1 central location, including options.

Screenshot of interactive brokers TWS platform. Source: interactive brokers.

Commissions

Account minimum

6. Best for active traders: pepperstone

Australia-based pepperstone offers forex, CFD and cryptocurrency trading but does not accept U.S. Residents as clients. Pepperstone lets you access 61 currency pairs, more than 60 cfds for stocks and index funds and 5 cryptocurrencies. Unlike other online brokers, pepperstone has no proprietary trading platform, so you can trade your brokerage account through the metatrader 4 & 5 or ctrader trading platforms which each have a wide selection of analysis options.

You can use leverage up to 500:1 and you’ll need a minimum of AU$200 to open an account. The broker offers a standard account where you pay a higher dealing spread but no fees and its razor account features reduced dealing spreads and charges a flat rate once you’ve achieved a certain trading volume.

Pepperstone is especially good for high volume traders since its active trader program offers rebates the more you trade. This pays cash directly to your trading account, unlike many other trading rebate programs.

Screenshot of the ctrader trading platform supported by pepperstone. Source: pepperstone.

7. Best for leveraged trading: FXTM

Established in 2011, FXTM can support your online trading, no matter your financial ambitions.

It specializes in leveraged trading to give you the potential to generate financial returns on both rising and falling prices across FX, indices, commodities, shares and cryptocurrencies. Whether you’re an experienced trader or completely new to it, FXTM wants to help you find freedom in the financial markets.

More than 2 million users subscribe to FXTM, and it has been recognized with 25 industry awards.

Screenshot of the plus500 mobile trading platform. Source: plus500

Best forex brokers in the world 2021 – best most trusted forex brokers

You will need the help of a regulated and reliable forex broker when you decide to start trading in forex trading. However, choosing the best forex brokers in the world is a much more difficult task than you think with some of them who provide online trading services today.

The characteristics of a good forex broker should be to provide a reliable and secure trading platform, low spreads, 24-hour customer support, free training tools and resources for novice traders, adequate trading tools and features for experienced traders and an intuitive trading platform. Even with many comments and reactions that are available for most online forex brokers, it is certainly not easy to choose the right one according to your needs.

However, we have simplified a lot for you and have released this list of the best forex brokers in the world who are considered to be among the best in the industry and who are confident in providing you with reliable and efficient services.

By going through the information provided here, it should easy for you to select best forex brokers in the world or top 10 forex brokers in the world that best matches your needs and expectation levels. Here is the list:

Xm – best overall broker 2020, wide variety of trading tools instruments, global broker operating in safe regulatory environment

Hotforex – different trading accounts are on offer, trade forex with ultra low spreads

Markets.Com – multiple types of trading platforms, beginner friendly

Easymarkets – 300 plus trading instruments, deal cancellation feature, fixed spreads.

Fxtm – well regulated, low min. Deposit, tight spreads.

Exness – A variety of account types and execution methods, offers metatrader 5

1. XM
XM group is a group of regulated online brokers. XM is available worldwide and is regulated by three financial authorities: the cyprus securities and exchange commission (cysec), the australian securities and investments commission (ASIC) and the international financial services commission of belize (IFSC).
The broker has more than 1000 financial instruments at its disposal
that can be traded on metatrader4/metatrader 5 platforms and this includes currency trading, equities and other commodities.
Cfds, cfds on raw materials, cfds on stock market indices, cfds on precious metals and energies
cfds .
XM offers 3 main types of trading accounts called micro, standard and XM zero the first two allowing trading and commission free from as little as 1 pip. Minimum deposit is $5 for micro accounts and the broker also offers islamic accounts without swaps.

Born in 2009, this forex broker is currently operational in 120 cities across the world and has successfully helped execute several thousands of trades with almost zero rejections or re-quotes.

Customer-friendly forex broker
it requires only $5 to open an account
more than 100 financial instruments to choose from
no hidden fees or commission
several video tutorials and webinars in different languages are available on the platform
customer support is available 24/7 in different languages
different payment modes are supported

2. Hotforex
this mauritius-based forex broker is regulated by the FSC (financial services commission) under the trading name of HF markets ltd.

To meet the demands and needs of a variety of traders, hotforex provides different types of forex trading accounts. Each of these account types has distinct and competitive trading accounts and can be opened with an amount as small as $5. Besides the regular accounts, hotforex also provides a zero account , VIP account, and the currenex account. There’s also a social account through which traders can interact with other traders in discussing news and different strategies.

Hotforex provides a wide range of educational tools and technical analysis to help users benefit from their trading moves. Breaking news is also offered by the broker at regular intervals. In all, this forex broker can be tried out by anyone that likes to get forex trading information and news in an organized and clear manner.

Pros:
different trading accounts are on offer
regulated by FSC
availability of demo accounts
different modes are available for funding the account and withdrawals
bonuses and promotions are available in plenty
list of educational tools is huge
customer support features are available via live chat, phone, and email

3. Easy markets
established in 2001, easy markets also goes by the name ‘easy-forex’. It is regulated in cyprus by cysec and is licensed by ASIC in australia and mifid in europe. As of today, the forex broker has offices in sydney, shanghai, and warsaw. It has more than 100,000 active traders on its platform and boasts of more than $1.5 trillion in turnover.

Easy markets offers a standard account for which one needs to make an initial deposit of $100. Besides this, the broker offers an islamic accoun t , especially for those that wish to carry the trade over to the next day without any rolling fee being charged on the same. A free-to-use demo account is available to users when they opt to trade using the broker’s proprietary platform. VIP account holders are entitled to receive SMS alerts and cash rebates regularly.

Pros:
A welcome bonus of $25 is provided to new traders
there are regular promotions and bonuses on offer
deposits and withdrawals can be initiated through multiple payment modes
there are plenty of educational materials and programs on offer

4. Exness
exness is a leading forex broker that was established in 2008. It is regulated by FCA in the united kingdom and cysec in cyprus. Currently, the broker offers two trading platforms – metatrader 5 (MT5) and metatrader 4 (MT4). Besides offering users with different trading account types, exness has eight metals contracts and 104 forex pairs on offer to its users.

There are various account types and execution types available with exness. Depending on your choice, the fees and commission may wary. The broker also offers mobile trading applications for its android and ios users. The same can be downloaded from the google play store and the itunes store.

A variety of account types and execution methods
offers metatrader 5
availability of mobile trading options
different deposit methods like mastercard, VISA, skrill, cashu, webmoney, bank transfers, fasapay, etc.
Different withdrawal options like VISA, webmoney, mastercard, neteller, skrill, perfectmoney, bitcoin, etc.
Support staff can be reached via live chat, phone, and email

5. FXTM
FXTM came into existence in 2011 and is also known by the name forex time. In a short period, it has been in the market; FXTM has carved a name for itself and even managed to win a few accolades, including ‘fastest growing forex broker’ and ‘best newcomer 2013’. Currently, FXTM has offices spread across different regions of the globe, including belize, the UK, and cyprus.

For beginners, FXTM provides a demo account so they can practice before they venture into the real forex market. For professionals, though, there are two trading accounts on offer – standard and ECN. While the former is further divided into standard, cent, and shares account with each requiring minimum deposits and contract specifications, the latter is divided into FXTM pro, ECN zero, and ECN with each of them having different commissions and spreads.

It is not just forex pairs, FTXM also specializes in providing services in financial products like cfds on spot metals, commodity futures, etc. FXTM is known to offer generous promotions and offers to its customers time and again. However, the users need to check their eligibility before applying for the same.

Pros:
availability of different trading accounts, including demo account
regulated by cysec, FSC, and FCA
A host of webinars and tutorials are provided
FXTM conducts workshops and seminars regularly
supports credit cards, wire transfers, cashu, neteller, debit cards, e-wallets, and skrill for deposits
customer support is available in multiple languages

6. Markets.Com
regulated and authorized by cysec (cyprus securities and exchange commission), markets.Com operates in the forex industry by the name safecap investments limited. Currently, it has offices spread across cyprus, south africa, and australia. Since its inception, markets.Com has won several awards and recognitions.

Today, when you wish to trade with markets.Com, there are different options available to you, like cfds, commodities, equities, currencies, stocks, gold, oils, etc. In addition to this, the forex broker offers trading leverages up to 1:300 and competitive spreads to all its non-EU users. To set up an account with markets.Com, all it takes is less than a few minutes. However, for this, users need to submit all necessary documents online.

For the benefit of thousands of traders, markets.Com provides chart analysis , alerts, oscillators, etc. Using these features, traders can predict the behavior of markets accurately and make informed decisions.

Pros:
variety of trading accounts on offer
extensive educational tools
accessibility of the website in multiple languages
availability of customer support 24/5 from 21 locations via live chat and email
wide variety of withdrawal and deposit methods

Top 20 forex brokers in the world

Top 20 forex brokers in the world by fxstay.Com, our FX experts conducted list of top 20 forex brokers in india, south africa, UK, australia, europe, asia, swiss, USA and all around the world for you to open real or demo currency trading account with top twenty forex companies in the world.

Top 20 forex brokers in india, UK, south africa, europe, asia

Plus500

Plus500 was established in 2008 as an online international trading platform regulated by FCA in UK with many branches in the world.

Etoro

Etoro is a social trading and multi asset brokerage company that has registered offices in cyprus, israel and the united kingdom.

The XM.Com forex broker was established in 2009 in the republic of cyprus using the name trading point of financial instruments ltd. The broker is regulated by cysec as well as the UK’s financial services authority (FSA).

Avatrade

The avatrade company was founded in 2006 in dublin, ireland and is licensed and fully regulated in the EU and BVI , as well as australia, japan and south africa.

HYCM offers several trading platforms and a wide variety of trading instruments. HYCM forex broker is one of the top cyprus forex brokers, it is a division of the henyep group, a global corporation with a presence in 20 countries.

FXTM is an acronym for forextime.Com, which is a new platform to the world of forex investing, the FXTM forex broker is owned and operated by its holding company FT global services ltd and is based in cyprus, belize and europe’s trading capital of london, UK.

24option

The 24option broker (also referred to as option 24) was created in 2008 by a group of professionals in the fields of financial markets, stocks, binary options, forex trading and other related disciplines. The firm opened for binary option business in 2010 and is based and regulated in cyprus.

Markets.Com

The markets.Com maintains its headquarters in cyprus, UK and is an investment services firm that is operated by safecap investments limited (safecap), which was founded in 2006 and is a subsidiary of playtec PLC.

Fxpro

Fxpro forex broker founded in 2006, london-based fxpro is an online broker offering forex trading along with CFD’s. The MT4, metatrader5 and ctrader online trading platforms are available.

IG group

IG group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders.

CMC markets

CMC markets is licensed and regulated by the financial conduct authority of the united kingdom (FCA), one of the strictest regulatory agencies in the world.

City index

City index was founded in the UK in 1983 and now enjoys a global footprint that includes the US, singapore, china, poland and australia.

Top 20 forex brokers in USA

Interactive brokers

IBG’s largest subsidiary is interactive brokers LLC (IB), a US broker-dealer formed in 1993, and the largest US ECN broker, based on number of daily average revenue trades. IBG’s other major subsidiary is timber hill LLC, a US market maker formed in 1982.

Oanda

Oanda broker is a canadian-based forex company providing currency conversion, online retail foreign exchange trading (fx), online foreign currency transfers, and forex information.

Oanda is one of the top 20 broker forex in U.S. And in the list of top 20 forex trading brokers in the world.

Forex.Com

The forex.Com broker owned by parent company GAIN capital . Operating since 1999, FOREX.Com was a first mover in bringing currency markets to the retail trader. The company provides market access and trade execution services in foreign exchange, contracts for differences and exchange-based products to retail investors.

Forex.Com has many branches in the world under gain capital company name, forex.Com is one of the top 20 forex brokers in USA and also in the list of top 20 forex trading brokers in the world.

Forex capital markets, better known as FXCM, is an online foreign exchange market broker based in the united states. FXCM promotes a “no dealing desk” business model for its currency products, taking prices from a number of major banks and allowing clients to trade the best price at any given time. Fxcm is one of the top 20 forex broker in the world.

Top 20 forex brokers in australia

Pepperstone

Pepperstone broker is founded in australia, melbourne and has offices in USA, dallas and china, shanghai. Pepperstone is one of top australian online retail foreign exchange broker specializing in FX trading.

Pepperstone is the only australian FX broker in the list of top 20 forex brokers in the world.

Top 20 forex banks in denmark

Saxo bank

Saxo bank is a danish investment bank. It was founded as a brokerage firm in 1992. Saxo bank offers trading through its online platform saxotrader in forex, stocks, cfds, futures, funds, bonds and futures spreads. Private wealth management services are also offered.

Saxo bank is a top forex bank in denmark and the only danish forex broker in the list of top 20 broker in the world.

Top 20 forex banks in swiss

Dukascopy bank

Dukascopy bank SA is known for its transparency in its swiss SWFX market place. In june 2011, the product is officially referenced on dukascopy bank’s official web site.

Dukascopy bank is one of the top 20 forex brokers in swiss and also in the list of top 20 forex broker in the world.

Swissquote bank

Swissquote group holding SA is a swiss banking group specializing in the provision of online financial and trading services.

Swissquote forex bank and dukascopy forex bank are the only two swiss forex banks in the list of top twenty forex brokers in the world.

Now you know about the top 20 forex brokers in the world and you can open online currency trading account with the top twenty forex brokers in the world.

Referral

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For more reviews visit topforexbrokers.Com to get all information about top 20 brokers in the globe.

This top 20 forex brokers list will update.

Top 10 forex brokers in the world 2018

1. Pepperstone

Founded in 2010 pepperstone has rapidly ended up one of the largest and most important australian dealer (in 2016 they detailed an annual development of 20% every year). Their headquarters is in melbourne, yet they likewise have offices in dallas and shangai. The most important pepperstone features is without an uncertainty the ECN trading system, one of the best in the industry. Pepperstone offers different types of account to fill each customer’s needs, from the more “typical” merchant, to the “high volume” one, to the EA client, and so forth. You have the standard account, the razor, the swap free and the active traders. To be noted additionally the partnership with equinix, a nasdaq company, a financial network placed close wall street, a vital place to have the capacity to get the best costs.
Regulations: ASIC
type: ECN – DMA
use: up to 1:500
minimum deposit: $ 200
headquarter: australia
US customers: no
other instruments: stocks, indices, cfds, commodities

2. Fxpro

Established in 2006, the english intermediary fxpro has dependably been one of the key merchant for the NDD class, a classification in which many brokers are particularly interested. Fxpro has likewise won a few honors throughout the years for its trading stages, from the metatrader to the ctrader. Fxpro likewise proposes a few new advances that make it an extremely best in class specialist starting here of view, particularly for those clients who incline toward automated trading. Services like calgo algorithmic trading, fxpro library, fxpro quant strategy builder and fxpro VPS are definitely worth trying if you want to automate your procedure.
Regulations: cysec, FCA, FSB, DFSA, SCB
type: STP (straight through processing)
use: up to 500:1
minimum deposit: $ 100
headquarter: UK
US customers: no
other instruments: stocks, indices, futures cfds, commodities

3. Markets.Com

As composed specifically on the home page “MARKETS.COM is worked by safecap, a backup of playtech PLC which is exchanged on the london stock exchange’s main market and is a constituent of the FTSE 250 index.” markets.Com is one of the quickest developing specialist lately, thanks to the significant investments made and the nature of their services (in particular the multilingual help department, accessible 24/5, for which they even got a few honors). As the domain name may propose, the objective of this dealer is to give inclusion on however many markets as could be allowed, to wind up the reference point for forex agents, as well as for the entire universe of online trading.
Regulations: cysec, FSB
type: market maker
use: up to 1: 300
minimum deposit: $ 100
headquarter: cyprus
US customers: no
other instruments: stocks, indices, etfs, cfds, commodities, bitcoin

4. Plus500

Another giant of the forex sector, surely understood everywhere throughout the world and situated in cyprus, plus500 is a CFD broker, market producer compose. With plus500, in addition to the major forex cash sets, you can access around 2000 tradable cfds. Plus500 does not offer trading through the exemplary MT4 or MT5 stages, yet only through its own web, desktop and portable stages, explicitly designed to enhance the CFD trading background. Plus500 can be a decent decision for the individuals who want to start trading, given the convenience of its exclusive stages.
Regulations: plus500cy ltd approved and controlled by cysec (#250/14)
type: market maker
use: up to 1: 30
minimum deposit: € 100
headquarter: plus500cy ltd is situated in cyprus
US customers: no
other instruments: cfds on indices, stocks, cryptocurrencies, wares, options, etfs

5 . IG markets

Among the “early english specialists” in the industry, established back in 1974, IG markets is prestigious for the dependability and the nature of administration and for being one among the agents with the most astounding number of cfds an investor can approach, more than 10,000 to be exact. Until a couple of years prior this merchant was among the few not supporting the metatrader stage, but rather simply the prorealtime one, despite the fact that today it additionally integrates the most well known MT4 and the L2 dealer, to all the more likely address the issues of many customers.
Regulations: FCA UK, ASIC, FINMA
type: ECN/STP and market producer
use: up to 200: 1
minimum deposit: $ 200
headquarter: UK
US customers: no
other instruments: cfds, stocks, commodities, indices, ETP, options , interest rates, VIX, bonds, bitcoin, IPO

6. Oanda

Dealer of canadian origin, established in 1995, oanda is among the greatest player regarding specifically the forex market. It has been assessed that 20% of spot forex day by day operations goes through the oanda servers. In addition to the exemplary MT4, oanda furnishes its own particular webtrader with which you can work with a cent account, i.E. You can exchange with almost no quantities (fractions of microlots). This element enables you to work with a decent money management even with accounts of a couple of several dollars.
Regulations: NFA, CFTC, FCA UK, IIROC, MAS singapore
type: market maker
use: up to 50:1
minimum deposit: none
headquarter: canada, USA
US customers: yes
other instruments: indices, commodities, bonds, cfds

7. Saxo bank

In excess of a dealer, we are within the sight of a bank, to such an extent that it is directed all things considered. Saxo bank, a danish company established in 1992, is definitely not for all budgets having a minimum store of $ 10,000. Once inside, however, you can approach an agent with high professionalism and the capacity to exchange likewise on real instruments, for example, prospects, options and bonds.
Regulations: FINMA
type: market maker
use: up to 100: 1
minimum deposit: $ 10,000
headquarter: denmark
US customers: no
other instruments: stocks, options, etfs, etcs, futures, CFD, bonds

8. Forex.Com

Together with oanda, forex.Com, established in 1999 in new jersey, it’s another appealing option for US customers. Actually, this dealer, thanks to the conclusion of the US market to foreign competition, is currently the largest merchant as far as day by day trading volumes. In addition to measure, forex.Com is additionally distinguished by the substantial number of regulations around the globe it conforms to, and component indicating the abnormal state of wellbeing and professionalism. In addition to MT4, the forex.Com customers can likewise get to the forextrader pro stage and GTX – forex ECN (for vast or institutional customers).
Regulations: CIMA, NFA, CFTC, FCA, IIROC, ASIC, FFA, MAS, SFC
type: ECN/STP – market producer
use: up to 200:1
minimum deposit: $ 250
headquarter: US
US customers: yes
other instruments: indices, commodities

9. XM.Com

Established in 2009 in cyprus, is the largest forex merchants in cyprus, and third on the planet, with an important rate of development as of late. As far as stages, this specialist only offers the MT4 and MT5, however where it exceeds expectations is definitely in the requests execution innovation, which is the reason it is exceptionally prevalent among extremely dynamic informal investors (likewise considered the profoundly utilized granted which can go up to 888:1)
regulations: cysec, ASIC
type: market maker
use: up to 888:1
minimum deposit: $ 5
headquarter: cyprus
US customers: no
other instruments: indexes, commodities, stocks, cfds

10. IC markets

IC markets, established in 2007 and situated in sydney, is the primary australian forex agent, and one of the greatest on the planet, additionally booming as of late. IC markets is prestigious for its cutting-edge ECN innovation, a factor that has empowered it to wind up one of the best intermediaries as far as spread. Hence, this merchant is often the principal selection of hawkers and informal investors, i.E. Brokers with a high volume of day by day operations.
Regulations: ASIC
type: ECN/STP
use: 500:1
minimum deposit: $ 200
headquarter: australia
US customers: no
other instruments: commodities, indices, futures, CFD

WARNING

Cfds are mind boggling instruments and accompany a high danger of losing money quickly because of use. Between 74-89% of retail investor accounts lose money when trading cfds. You ought to consider whether you can bear to go out on a limb of losing your money

Best forex brokers 2021 — forex rating analysis

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Top 10 forex brokers 2021

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the top 10 forex advisors including equilibrium, excalibur, night owl.

Top 10 forex advisors 2021

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets.

List of the best 23 forex brokers | trusted reviews

Broker:	review:	regulation:	spreads:	assets:	advantages:	open account:
1. Bdswiss	(5 / 5) ➜ read the review	cysec, FSC	starting 0.0 pips + $ 2.0 commission per 1 lot	250+ (50+ currency pairs)	+ individual offers + trading signals + raw spreads + leverage up to 1:500 + best education + personal support

Watch our full video review about the best forex brokers (risk warning: your capital is at risk):

Strict criteria for the forex broker review

Proven facts for a good forex broker:

Regulation and license of an official finance authority

High safety of customer funds

Fast and reliable market execution

Small forex trading fees and no hidden fees

No requotes (high liquidity)

User-friendly trading platform

Free and unlimited demo account

Professional support

Fast deposit and withdraw methods

How does a forex broker work?

There are 2 different models of brokers: market maker and ECN/NDD broker

Example of live spreads for forex brokers

Market maker:

ECN/NDD (no dealing desk) broker:

Warning: only trade with regulated and licensed forex brokers

Facts of reliable and secure companies:

Regulation and license

Separated customer funds

Regulated deposit and withdrawal methods

Using well-known banks

Large liquidity providers

How risky is forex trading?

Beginners should always start with the free demo account to practice forex trading.

How to deposit and withdrawal money:

Example of payment methods of a forex broker

Facts about the payments:

Instant deposit of money

Fast withdrawal within 1 – 3 working days

Electronic methods (skrill, neteller, paypal, and more)

Cryptocurrencies

Bank wire

Not every country is available for forex trading

Is forex trading legal?

Review conclusion: start trading with a reliable forex broker

Profit now from the most favorable fees and the best conditions by my experience of many years. With these providers, you are 100% safe and can take your forex trading to the next level.

We hope you could learn something in this comparison and act now with better providers through my recommendations. If you can’t make up your mind, please also read the reviews.

Successful forex trading requires a good and reliable broker. In this review, we showed you the top 23 secure forex brokers. Now you can choose your professional trading partner.

Top 20 forex brokers in the world

Top 20 forex brokers in the world by topforexbrokers.Com, our FX experts conducted list of top 20 forex brokers in india, south africa, UK, australia, europe, asia, swiss, USA and all around the world for you to open real or demo currency trading account with top twenty forex companies in the world.

Top 20 forex brokers in india, UK, south africa, europe, asia

Plus500

Plus500 was established in 2008 as an online international trading platform regulated by FCA in UK with many branches in the world.

Etoro

Etoro is a social trading and multi asset brokerage company that has registered offices in cyprus, israel and the united kingdom.

Avatrade

The avatrade company was founded in 2006 in dublin, ireland and is licensed and fully regulated in the EU and BVI , as well as australia, japan and south africa.

24option

Markets.Com

Fxpro

Fxpro forex broker founded in 2006, london-based fxpro is an online broker offering forex trading along with CFD’s. The MT4, metatrader5 and ctrader online trading platforms are available.

IG group

IG group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders.

CMC markets

CMC markets is licensed and regulated by the financial conduct authority of the united kingdom (FCA), one of the strictest regulatory agencies in the world.

City index

City index was founded in the UK in 1983 and now enjoys a global footprint that includes the US, singapore, china, poland and australia.

Top 20 forex brokers in USA

Interactive brokers

Oanda

Oanda broker is a canadian-based forex company providing currency conversion, online retail foreign exchange trading (fx), online foreign currency transfers, and forex information.

Oanda is one of the top 20 broker forex in U.S. And in the list of top 20 forex trading brokers in the world.

Forex.Com

Forex.Com has many branches in the world under gain capital company name, forex.Com is one of the top 20 forex brokers in USA and also in the list of top 20 forex trading brokers in the world.

Top 20 forex brokers in australia

Pepperstone

Pepperstone is the only australian FX broker in the list of top 20 forex brokers in the world.

Top 20 forex banks in denmark

Saxo bank

Saxo bank is a top forex bank in denmark and the only danish forex broker in the list of top 20 broker in the world.

Top 20 forex banks in swiss

Dukascopy bank

Dukascopy bank SA is known for its transparency in its swiss SWFX market place. In june 2011, the product is officially referenced on dukascopy bank’s official web site.

Dukascopy bank is one of the top 20 forex brokers in swiss and also in the list of top 20 forex broker in the world.

Swissquote bank

Swissquote group holding SA is a swiss banking group specializing in the provision of online financial and trading services.

Swissquote forex bank and dukascopy forex bank are the only two swiss forex banks in the list of top twenty forex brokers in the world.

Now you know about the top 20 forex brokers in the world and you can open online currency trading account with the top twenty forex brokers in the world.

Referral

For more reviews visit topforexbrokers.Com to get all information about top 20 brokers in the globe.

This top 20 forex brokers list will update.

Best no deposit bonus forex brokers 2021

The brokers below represent the best no deposit bonus forex brokers.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.27% and 73.32% of retail investor accounts lose money when trading cfds with tickmill UK ltd and tickmill europe ltd respectively. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Cysec, FCA, FSA(SC), FSCA, labuan-fsa

Trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. It is not suitable for everyone. Before you make any decision in relation to a financial product you should obtain and consider our product disclosure statement (PDS) and financial services guide (FSG) available on our website and seek independent advice if necessary.

Your capital is at risk

Ctrader, MT4, MT5, proprietary

Dealing desk, ECN, market maker, no dealing desk, STP

Your capital is at risk

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Your capital is at risk

ECN, no dealing desk, STP

Your capital is at risk

Note: not all forex brokers accept US clients. For your convenience we specified those that accept US forex traders as clients.

Tickmill

Regulated by: cysec, FCA, FSA(SC), FSCA, labuan-fsa

Headquarters : 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ.

Tickmill was founded in 2014 and is regulated by the UK financial conduct authority (FCA), the cyprus securities and exchange commission (cysec) and the seychelles financial services authority (FSA).

The broker provides more than 80+ CFD instruments to trade on covering forex, indices, commodities and bonds through three core trading accounts called the pro account, classic account and VIP account. They also offer a demo trading account and islamic swap-free account.

GO markets

Regulated by: ASIC, cysec

Headquarters : level 22, 600 bourke street, melbourne, VIC 3000, australia

Australian brokers are definitely making a name for themselves in the trading arena as some of the most reliable, intuitive and forward thinking firms around. This broker is no different with a wide variety of tools, assets and reasonable trading conditions.

GO markets pty ltd an ASIC regulated broker has been in operation since 2006. The head office is located in melbourne, australia. With over a decade of experience, GO markets has grown to become a leading broker with a huge client base from over 150 countries. GO markets offers forex, share cfds, indices, metals and commodities for trading on the MT4 and MT5 trading platforms.

Roboforex

Headquarters : 2118 guava street, belama phase 1, belize city, belize

Your capital is at risk

The roboforex brand is operated by the roboforex group, and is located in belize. Roboforex began operations in 2009 and has grown in size and capacity. The brand offers over multiple trading instruments which include forex, stocks, indices, etfs, commodities, energies, metals and cryptocurrencies.

They also offer cutting edge platforms. Roboforex boasts of over 800,000 clients from 169 countries. They are both a dealing desk and non dealing desk broker offering ECN and STP trading accounts through their platforms. This means a different payment model to you the trader eg. Lower spreads for ECN accounts with some commissions to pay.

*leverage depends on the financial instrument traded and on the client’s country of residence.

Axiory

Headquarters : no.1 corner of hutson street and marine parade belize city, belize

Axiory was founded in 2012 and is a trading name of axiory global ltd which is authorised and regulated by the international financial services commission (IFSC) of belize. The broker segregates client funds from their own and offers negative balance protection. The company is also audited by pricewaterhousecoopers and is a member of the financial commission.

Users can choose from three types of trading accounts called nano, standard and max to trade on 80 different markets covering forex and cfds on indices, energies, stocks and metals. Axiory offers maximum leverage of up to 1:500 and also provides access to islamic swap-free accounts and a demo trading account. Users can also access data regarding execution times and slippage distribution for even more transparency.

Justforex

Regulated by: not a regulated broker

Headquarters : suite 305, griffith corporate centre, P.O. Box 1510, beachmont, kingstown, st. Vincent and the grenadines

Your capital is at risk

Justforex was founded in 2012 and is a brand name of JF global limited which is a registered company in st. Vincent and the grenadines. The broker offers 7 different types of trading accounts ranging from commission-free to commission-based accounts, islamic swap-free accounts and even ECN trading accounts.

While the broker offers more than 150+ asset classes to trade on, covering forex ECN, stocks, indices, commodities and bonds, access to certain markets depends on the account type opened. Justforex provides users with the globally-recognised metatrader 4 and metatrader 5 trading platform for PC, as well as the metatrader mobile trading app for android and ios users.

What is a no deposit forex bonus?

A no deposit forex bonus is a cash award that is deposited by the broker into the forex trader’s account, without requiring an initial deposit into the trading account by the trader.

Just like the deposit bonuses in forex (which require you to deposit first), the no-deposit bonus is used strictly for trading purposes and can only be withdrawn from the account on fulfillment of the broker’s trade volume requirements.

Typically, the no-deposit forex bonuses are not as large as the deposit bonuses. They range from between $10 and $200, depending on the broker. They are actually meant to introduce new traders into the world of real money trading and are not meant to be used for profit-oriented trading. Think of it as a form of live, real money practice account where you keep all the gains. If you lose money, you have lost nothing.

What should I do to get my bonus?

Most of the no-deposit forex bonuses in the market can be obtained as exclusive offers through affiliate partners of the forex brokers that offer them. The forex brokers who award the no-deposit forex bonuses directly are typically in the minority.

What is the difference between no deposit bonuses and deposit bonuses?

No-deposit forex bonuses do not require an initial deposit into the trading account before they are awarded. This factor distinguishes the no-deposit forex bonus from deposit bonus, which like the name implies, requires a deposit from the trader before it is awarded.

No-deposit forex bonuses are smaller in size as they mostly serve for live account practice.

What other bonus and promotion types do brokers offer?

Other bonuses and promotions may be given out by brokers occasionally.

The cashback is the commonest bonus which a trader can get. Although this requires that some previous deposit would have been made by the trader, cashbacks are a good way to earn back any money that has been lost in previous trades. These are provided by brokers automatically without requiring further deposits.

Trade contest awards do not require a previous deposit. You can participate in various trade contests on broker platforms for a share of the prizes. Cash prizes are usually awarded to traders as a no-deposit bonus. All you need is to ensure your account KYC documents are in place and you can claim your award if you win.

Some brokers provide traders with tools they need to trade with on fulfillment of certain conditions such as attaining certain trade volumes within a specified time frame.

Conclusion

Are you looking for the best no deposit bonus forex brokers for 2017? Here we show a list of these brokers which we have compiled after careful evaluation of various candidates. Ensure you use the no-deposit forex bonus wisely and use it to enhance your live account trading experience.

So, let's see, what we have: here listed recommended top 10 forex brokers rating and complete guide to start your trading with confidence. Find to select your best forex brokers... At top 20 forex brokers in the world