The table below lists our best Forex broker reviews. We examine what they have to offer their clients, and what conditions they have for trading. Here we help you find the best Forex broker that’s right for YOU. Click the links below to find out more.
|FXTM Review||* High leverage for experienced traders|
* Tight spreads starting from 0.1 pips
* Instant execution
|easyMarkets Review||* Deal Cancellation|
* Free Guaranteed Stop Loss
* Negative Balance Protection
|Hot Forex Review||* Tight Spreads|
* Great Promotions
* Fixed Spreads Account
|* CySEC||Visit Hot Forex|
|IC Markets Review||* Tight Spreads|
* Fast Execution
* Excellent Support
|* ASIC||Visit IC Markets|
How Broker Reviews Help You Choose Where to Invest Your Money
It doesn’t need to be a difficult decision when it comes to choosing where to invest your money, as long as you have an understanding of what makes a Forex broker a good Forex broker, and what you need to look for when choosing one.
Make sure the broker is compliant by law and is regulated by an official regulatory body. You don’t just have to take their word for it on the broker’s website though. You can also search online to make sure that the broker is regulated, as they say they are. Regulated brokers are required to give their license number (You can normally find it in the footer at the bottom of the website).
Good brokers keep their clients’ funds segregated from their other funds used to run the company. In addition, a good broker will keep them in top-tier banks, those that are considered the best banks for investment.
Before registering, check what payment methods they accept. A good broker will list have a lot of accepted payment methods and will list them on their website along with any fees that might be added from using them. Typically credit/debit cards such as Visa or Mastercards, bank transfers, and electronics payment systems like Skrill or Fasapay may be accepted by the broker. If you don’t already have a payment method ready to use for depositing funds, then you should check what’s available and cost effective for you. Keep in mind that even if the broker does not charge fees for deposits or withdrawals, the payment processor itself may do so.
It’s useful to know how good or bad a broker’s support team are before signing up. Bigger and better broker’s will invest time and effort in to putting a good team together to help clients who have questions or complaints. Broker reviews will give you an idea of how efficient a particular broker can be in this department as opposed to a broker that has no time for helping their clients. Any of us can have questions, and if we cannot communicate effectively with a broker after we have signed up with them and deposited funds, then they just aren’t worth our time. It’s important to trade with a broker that is available throughout trading times when the market is open so that they can assist us immediately if needed.
If you’d like to learn more about Forex have a look at our Forex Education Section.