The most significant part of a forex trader’s life is his broker or trading platform. A wrong forex trading platform can ruin all your game and eventually your money too. Therefore, before you end up with a low-quality forex broker, we bring you the best yet efficient forex trading platforms.
Here is the list of top nine forex traders 2020.
9 Top Forex Broker in Europe 2020
1 IG: IG has been in the forex broking game for 40 years, and it has nothing to complain. The minimum account balance is 0 Euros; it offers a comprehensive variety of products and financial instruments for trading, and the spread charges are one of the lowest.
Moreover, this forex broker is regulated by several financial authority bodies, including UK’s FCA, Australia’s ASIC, USA’s CFTC, and Monetary Authority of Singapore. With over 195,000+ users worldwide, no doubt, why it is number one on the list.
2 Oanda: Established in 1990, Oanda is one of the oldest and well-reputed companies on our list. Moreover, it is the only firm which deals only in forex and not anything else. However, it doesn’t halt its way of becoming a multi-national firm. Oanda has its customer bases in the UK, Singapore, Canada, Australia, Europe, and the USA.
Further, the organization is known for its transparent trades, precise information, straight forward price and fees, and quality of service. Also, the minimum deposit with them is 0 Euros, and the regulations are under CFTC, IIROC, FCA, ASIC, and MAS (Singapore).
3 XTB: If you’re looking for an all in one trader, then you can go with XTB. Their services are spread through a variety of whopping 1500 markets such as forex, crypto, CFD, stocks, Indices, metals and commodities. The organization is based in the UK and regulates under FCA. However, the good doesn’t come for free; it has a minimum deposit amount of $250 to start trading.
4 Saxo Bank: Don’t fall for the broker’s name, Saxo Bank was started back in 1992 and is a Danish investment and trading bank. It is safe and secure to trade with as they are regulated by two major financial bodies, namely, FCA and FSA. Moreover, there are no fees and commission for any trades executed but has an inactivity charge. Also, the minimum deposit varies from country to country for this forex broker. Thus, make sure you check for yours.
Recommended read: https://fxreviews.best/blog/the-basic-guide-to-stock-charts/
5 Pepperstone: Pepperstone is a leading Australian forex broker which operates globally. It is a top-quality forex broker, headquartered in Melbourne, which offers trade-in 150+ financial assets accessible through a variety of platforms, including Meta Trader 4. Although they claim their spreads to be as low as 0 Euros, honestly, we haven’t seen it yet.
The minimum deposit for them is 200 Australian Dollars.
6 London Capital Group: LCG or London capital group is a multi-asset online trading platform which offers stunning services at no extra charges and low spread fees. Moreover, their no negative balance protection system allows the users not to trade more than their deposit amount, which is a good initiative.
Further, you will experience the best mobile application and browser services with them. The switch between the web and the app is effortless, fast, and smooth with delightful interface and design.
7 City Index: City Index is another name of GAIN capitals, which is the biggest retail trading broker all over the world. The name City Index, founded in 1983, lists on the New York Stock Exchange. Thus, we don’t need to tell the vast regulations and country scope of it.
The best thing about City Index is their research and analysis tools, and 24/7 quick customer support team.
8 Forex.com: Forex.com is suitable for traders and investors of all level. Established in 2001, this young organization is taking over and acquiring several other firms too. High technology, secure interactive screen, several full trading platforms and competitive fee structure is what makes forex.com an excellent counterpart to its big competitors.
9 CMC: If you are a professional trader and looking for a reliable site, specially made for experienced users, then CMC is the destination for you. One would get real-time news, high-quality tools and indicators; several order types, and many other perks with them.
But, remember, their spread charges are not as competitive as our other brokers on the list. Make sure to check them.
So, this was the list of best forex brokers 2020. All these brokers are safe, secure, and regulated under authentic financial bodies. However, the best broker for you would be the one which fills your needs and requirements.
Moreover, keep in mind that low-cost broker is not necessarily the best one. If you are looking for top-notch service, then learn to pay for that too! ☺