Top 7 of Best US Forex Brokers for 2021, top brokers forex.

Top brokers forex


With over 40-years in the industry, IG markets is a true pioneer of the industry, and among the most long standing forex brokers accepting US clients.

Best forex bonuses


Top 7 of Best US Forex Brokers for 2021, top brokers forex.


Top 7 of Best US Forex Brokers for 2021, top brokers forex.


Top 7 of Best US Forex Brokers for 2021, top brokers forex.

The broker has evolved continually, keeping the requirements of US-based traders as a top priority. These can be traded on MT4, the mainstay trading platform for top US forex brokers and traders from all around the world as well as being both CFTC licensed, and NFA regulated (#0509630). IG markets offers one type of account to all traders and this has a minimum deposit requirement of $250. As a forex trader in the US, one of the most important questions you may be asking yourself from the outset surrounds the legality of forex trading in the US. Well, we are pleased to tell you that yes, forex trading is legal in the US. In fact, the US has several top financial regulators providing the best protection to you as a trader. These bodies are FINRA, the SEC, CFTC, and NFA with the latter two being the main regulators when it comes to forex trading and trading in derivatives such as futures. Remember also that cfds trading in the US is not permitted.


Top 7 of best US forex brokers for 2021


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Are you searching for the best US forex brokers?


Luckily, our team of professional forex broker reviewers can take care of your every need.


Let alone the best forex broker in USA, our team realizes it is tough to find any broker which offers a trustworthy, and still value for money proposition when you want to trade forex in the USA. Forex brokers accepting US clients may be few and far between, but we have combined years of experience to narrow your selection down to the top five brokers.


These five are among the best forex brokers USA has to offer.


In fact, they are some of the best forex brokers for residents of any country. These brokers will ensure you feel safe, secure, and still have the ability to prosper in your trading career. They have been selected as the best US forex brokers for a variety of reasons.


Among these reasons are the amount of trading support they offer you, they wide range of markets and instruments that are available for trading, and the very competitive pricing and fee structure offered by these top forex brokers.


Table of contents


As a forex trader in the US, one of the most important questions you may be asking yourself from the outset surrounds the legality of forex trading in the US. Well, we are pleased to tell you that yes, forex trading is legal in the US. In fact, the US has several top financial regulators providing the best protection to you as a trader. These bodies are FINRA, the SEC, CFTC, and NFA with the latter two being the main regulators when it comes to forex trading and trading in derivatives such as futures. Remember also that cfds trading in the US is not permitted.


How to trade forex in the USA


The process of getting started with a forex broker in the US is typically similar to that of any other country. With any top broker you will usually be asked for the following information:



  • Proof of identity. A passport is typically best for this purpose.

  • Proof of residence, usually in the form of a bank statement at your current address.



Once these documents are uploaded and verified, a process that takes most forex brokers just a few minutes, you will be free to get started trading forex.


Top 7 forex brokers in the USA listing for 2021


Here’s our list of the best US forex brokers:



1. Forex.Com


When it comes to US forex brokers, forex.Com has to be an immediate consideration for opening your forex trading account in the USA. They are CFTC licensed and NFA regulated (#0339826) and provide a selection of flexible and accessible account types with low spreads starting from 0.2 pips, including their direct market access account. This offers some of the most unbeatable spreads among any of the forex trading brokers USA. They also provide extensive trading options in all of the top forex currency pairs, metals including gold and silver, as well as futures trading. When it comes to forex brokers accepting US clients, forex.Com certainly offers among the most comprehensive range of services to their US-based traders.


The forex.Com minimum deposits starting form $1000 on standard, and commission accounts, and $25,000 on DMA accounts with demo accounts available. There are also a range of other great benefits such as cash rebates and reduced or no fees for active traders.



2. IG markets


With over 40-years in the industry, IG markets is a true pioneer of the industry, and among the most long standing forex brokers accepting US clients. The broker has evolved continually, keeping the requirements of US-based traders as a top priority. These can be traded on MT4, the mainstay trading platform for top US forex brokers and traders from all around the world as well as being both CFTC licensed, and NFA regulated (#0509630). IG markets offers one type of account to all traders and this has a minimum deposit requirement of $250.


Accessibility with IG is also excellent, you can engage with a number of top professional charting packages using your desktop, phone, or other smart device. Beyond the USA, IG markets also featured in our top 10 largest forex brokers australia. This showcases their global appeal to traders. This appeal is further enhanced by a great cost of trading on more than 90 forex pairs with spreads starting at 0.8 pips.



3. Interactive brokers


You will very often find interactive brokers among our lists of top forex brokers. This is also true when it comes to our choice of top US forex brokers. This is thanks to a number of positive aspects which the longstanding broker uses to attract clients around the world. These include an excellent proprietary trading platform which offers some of the most advanced trading tools available on any market, and a widespread list of products which are available at highly competitive rates. These products include currencies, options, metals, and indices within a list which is ever increasing. IB are a FINRA member and regulated by both the CFTC and NFA (#0392970), as well as the SEC (#8-47257).


They have two account types, you can choose the IBKR lite, or IBKR pro both at no minimum deposit though the pro account has a $10 maintenance fee. As mentioned the product range is excellent as is the trading cost with spreads from 0.1 pips on 105 forex pairs. All of these features make IB a top choice particularly for experienced traders.



4. Oanda


Oanda is also making progress toward becoming the best forex broker in the USA. The industry leader is making progressive inroads in the US market, and now offers trading in more than 70 diverse forex currency pairs. This is more than enough for you to trade successfully. Added to this, you can also benefit from the powerful educational and research infrastructure oanda provides. This includes marketpulse, a selection of news, technical analysis, and research resources which are provided by the in-house oanda team. This can combine perfectly with our own online investment guides and educational content. Oanda are also well-regulated by both the CFTC, and NFA (#325821) offering traders two account types.


The standard account type is attractive thanks to the fact it has no minimum deposit, while the premium account requires a $2,000 minimum deposit but has benefits like lower spreads and other costs. An unlimited oanda demo account is also available. The broker also use the much respected MT4 trading platform for trading in all 70 forex pairs and more at a very competitive spread starting from 0 pips. All traders but particularly newer ones, seem to fit well within oanda.



Brokers


Regulated forex brokers


When viewing the forex broker or a trading platform, it is the paramount priority to choose from the hundreds the most reliable one and the best forex provider, as it will determine the whole trading experience. Indeed, doing research and compare the vast number of forex brokers with many aspects to consider, maybe not an easy choice, as well time-consuming. So here we are ready to assist your selection and answer the most common questions.


Can I trade forex without a broker?


This may be the first question you would ask, as indeed forex market, FX or currency market is the largest global non-centralized exchange where trading process performed electronically via networks. While main forex participants are international banks and financial institutions operating huge volumes through a need to exchange currencies, presented as currency pairs, and assist international business with the conversion which is known as the interbank market.


Therefore, in order to trade fx you should be authorized dealer to do so, as well as operate a quite sufficient amount so before forex brokers were introduced to retail traders and global community it was not possible for trade markets. For this reason, forex trading brokers are the companies or agent if you like that gives retail forex traders access through its platform to operate forex market and trade various markets including commodity futures, indices, bonds, etc.


Do I need license to trade forex?


So this is another pleasant and great opportunity which is given by forex brokers, as you may access trading without financial or dealer license. Moreover, there are hundreds of opportunities with a relatively small investment which allows you to trade forex, do technical analysis and analyze markets almost instantly.


Are forex brokers regulated?


And now we will check the most crucial question if forex broker can be regulated, since the market is decentralized, and is it safe to trade forex? Obviously, this is the biggest trump you may fall as a retail trader if you choose a non-reliable, mainly non-regulated or offshore firm without a proper license you may easily fall into a scam and lose money.


So due to increasing demand and mainly that traders got no easy access to trading or financial education, the world countries established particular organizations or authorities in order to oversee the market proposals and regulate forex broker firms. So yes, forex brokers are regulated while holding a license from a local authority alike world known FCA in the UK, ASIC in australia, commodity futures trading commission CFTC in the USA, MAS in singapore and more.


What does a regulated broker mean?


The whole concept of regulation is to oversee forex business in a particular country or region, protect clients and ensure safe conditions while trading forex. So in simple words, regulated broker means a safe and legit broker that is compliant to various rules and criteria set by the international authority with the purpose to provide secure trading and good customer service. So its trading environment and provided services like technical analysis, education and tools are also aligned to the best practices.


In addition to its constant check on the service providing, authorities protecting clients throughout compensation schemes and other security checks, however, these conditions may vary from the regulator to another.


How do I know if my forex broker is regulated?


In order to check if broker is regulated or not, you should verify this information through the official brokers’ website first, as regulated companies always provide its licenses. And the next step is to verify a license through the official regulatory website. However, in our forex broker review you will find all the necessary information and license check as well.


It is a fact, unscrupulous brokers may easily fake information and assure you of its license while its not true, so always verify information through the official source. As well, adhere to trade with brokers regulated in serious jurisdictions, not the offshore once, as they luck of strong regulation, requirements and necessary safety measures. Read more by the link why avoid brokers from st vincent & the grenadines.


How to choose best forex broker?


Security of funds is always first in forex trading, for that reason, we recall your attention to open an account with regulated brokers only. Making it simple, regulated broker means that you will trade forex with proper security of funds and investment itself, so first of all good broker is a sharply regulated broker.


Further on, you should also check the necessary conditions and select offer suitable for you and trading strategy you deploy.


For this reason, we assist your selection and provide an assortment of efficient regulated brokers with updated on a weekly basis in-depth forex broker list. A professional detailed analysis with trading fees account overview, platform breakdowns while sorted by regulation, country or trading conditions, along with traders comments so smarter decision is easier now.



Fxdailyreport.Com


top 10 forex brokers in the world


Forex trading offers an opportunity to earn some additional income. If you are planning to try it out, you should learn the basics of currency trading. Though there is much more to learn than you as a beginner might expect, the fact is that it is learnable. Once you have decided to try out forex trading, the first step is choosing a forex broker. You need to look at various aspects order such as trading platform, account options, minimum deposit, spreads and commissions, deposit and withdrawal options and customer service, among others, when choosing a forex broker. In order to make things easier for you, we have evaluated a number of forex brokers and have listed below the top 10 forex brokers. You can research each one of them on your own and choose one that fits your needs the best.


Top 10 forex brokers list 2021


brokerinfobonusopen account
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
min deposit: $1
spread: from 0 pips
leverage: 3000:1
regulation: cysec, IFSC
$100 no-deposit bonus, 100% deposit bonus visit broker
min deposit: $5
spread: from 0 pips
leverage: 888:1 “*this leverage does not apply to all the entities of XM group.”
regulation: ASIC, cysec, IFSC belize
“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program” visit broker
min deposit: $1
spread: from 0 pips
leverage: 2000:1
regulation: FCA UK, cysec, FSP, bafin, CRFIN
35% of the account deposit visit broker
min deposit: $100
spread: starting 0 pips
leverage: up to 400:1
regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA
visit broker
min deposit: $300
spread: floating, from 0 pips
leverage: 500:1
regulation: FCA UK reference number 579202
visit broker
min deposit: $200
spread: starting 0 pips
leverage: 500:1
regulation: ASIC australia, FCA UK
visit broker
min deposit: no minimum deposit
spread: 1.2 pips
leverage: 50:1
regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC
visit broker
min deposit: $10
spread:
leverage:
regulation: cysec
- visit broker
min deposit: $200
spread: from 3 pips
leverage: 400:1
regulation: NFA, FCA, cysec
visit broker

XM.Com, a trade name of trading point holdings ltd, is owned as well as operated by trading point of financial instruments ltd, which is regulated by cysec. It is also european union-registered forex broker. XM has its headquarters in limassol, cyprus.


Broker type – DMA/STP, MM
minimum deposit – $5
deposit options: bank wire, neteller, skrill, webmoney, credit card, westernunion, moneygram, SOFORT, unionpay (china), etc.
Maximum leverage – 888:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – more than 1


FBS, an international forex broker, has presence in over 120 countries. The online forex company boasts of 2,000,000 traders (clients) and 130,000 partners. For muslim traders, the broker provides swap-free or islamic accounts. FBS was founded in 2009 and they do not offer financial services to people in the USA, belize and japan.


Broker type – ECN/STP, DMA/STP, MM
minimum deposit – $5
deposit options: visa/master card, neteller, skrill (7.5% commmission), webmoney, perfectmoney, OKPAY, FBS exchanger, wire transfer, yuupay (3% commission), etc.
Maximum leverage – 500:1
minimum lot size – 0.01
spreads – fixed and variable
lowest spreads for EUR/USD – 2 pips for mini accounts and 1 – 2 for standard accounts


Pepperstone, an execution-only forex as well as CFD broker, provides trading solutions that cater to both veteran and novice traders. Founded in 2010, the company has its headquarters located in melbourne, australia. The company has offices in shanghai, china and dallas, USA.


Broker type – electronic communication network/straight through processing and direct market access/straight through processing
regulation – australian securities and investments commission (ASIC)
platforms – metatrader4, ctrader
minimum deposit – $200
deposit options – bank wire, debit card, credit card, webmoney, neteller, fasapay, skrill, BPAY, poli, QIWI, paypal, unionpay(china), etc.
Maximum leverage – 400:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – more than 0.5 pips for mini and standard; more than 0.1 pips for ECN


Tickmill, owned by tickmill limited and operated by tmill UK limited and tickmill ltd., which is a company registered in england and wales. Tickmill has principal and registered offices in london and seychelles. Tickmill is under the regulatory control of both financial operates conduct authority in the UK and financial services authority of seychelles.


Broker type – STP/ECN/NDD/DMA
regulation – FCA, UK and FSA, seychelles
platforms – web platform, metatrader 4, mobile platform
minimum deposit – $25
deposit options – wire transfer, credit/debit card, webmoney, unionpay, skrill, neteller, fasapay
maximum leverage – 500:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – starts from 0.0


In 2013, fxopen launched its online trading platform. Fxopen UK, based in london, is regulated by the financial conduct authority in the UK.


Broker type – ECN/STP
regulation – FCA, UK
platforms – three versions of MT4
minimum deposit – $300
deposit options – bank wire transfer, credit/debit cards, webmoney, neteller, skrill, payza
maximum leverage – 500:1
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – starts from 0 pips


Plus500 forex trading platform is provided by plus500cy ltd., which is a company based in cyprus and with headquarters in limassol. This broker is authorized as well as regulated by the cyprus securities and exchange commission.


Broker type – market maker
regulation – cyprus securities and exchange commission (cysec), financial conduct authority (FCA), australian securities and investments commission (ASIC)
platforms – windows trader, webtrader
minimum deposit – $100
deposit options – bank wire, paypal, credit card, skrill, etc.
Maximum leverage – 50:1
minimum lot size – 0.01
spreads – fixed
lowest spreads for EUR/USD – 2


ETX capital, a financial services company based in the UK, provides institutional, high net worth and retail customers with online platforms for trading forex and derivatives. ETX capital is the trading name of monecor (london) limited.


Broker type – forex and CFD broker
regulation – FFCA, UK
platforms – MT4, marketspulse
minimum deposit – $100
deposit options – china unionpay, giropay, neteller, credit card, sofort, wire transfer, skrill
maximum leverage – 400:1
minimum lot size – 0.01
spreads – fixed
lowest spreads for EUR/USD – 0.7


Octa markets was incorporated 2011 and the forex brokerage serves clients in more than 100 countries around the world. The company is registered in saint vincent and the grenadines. The company operates under the regulatory purview of IFSA.


Broker type – DMA/STP
minimum deposit – $5
deposit options: bank wire, debit card, credit card, skrill, neteller, unionpay (china), fasapay, etc.
Maximum leverage – 500
minimum lot size – 0.01
spreads – variable
lowest spreads for EUR/USD – more than 1.5


Avatrade, a pioneer in the field of online forex trading from 2006 onwards, was created for the purpose of providing great online trading experience to retail traders. Within a short time, avatrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe. The total value of trades surpasses $60 billion in a month.


Broker type – market maker
regulation – australian securities and investments commission (ASIC); central bank of ireland; financial futures association, japan; financial services board (FSB), south africa and israel securities authority (ISA)
platforms – metatrader 4, avatrader
minimum deposit – $100
deposit options – bank wire, paypal, webmoney, skrill, credit card, neteller, prepaid master card, etc.
Maximum leverage – 400
minimum lot size – 0.05
spreads – fixed
lowest spreads for EUR/USD – 3


Etoro, an online forex broker, offers trading in currencies, indices, commodities and CFD stocks. More than 4.5 million users from over 170 countries around the world make use of the online forex broker’s website. Founded in 2006 in tel aviv, the multi-asset brokerage company has registered offices in israel, the united kingdom and cyprus. One of the key features of etoro is the social investment platform with copy-trading feature that it offers.


Broker type – market maker
regulation – cyprus securities and exchange commission (cysec), markets in financial instruments directive (mifid), commodity futures trading commission (CFTC), financial conduit authority (FCA), national futures association (NFA), australian securities and investments commission (ASIC)
platforms – etoro openbook, etoro webtrader, etoro mobile trader
minimum deposit – $50
deposit options – bank wire transfer, credit/debit card, skrill, moneygram, paypal, neteller, webmoney, western union
maximum leverage – 400:1
minimum lot size – 0.01
spreads – fixed
lowest spreads for EUR/USD – 3



ECN forex brokers


ECN or electronic communication network is a technology bridge built with the purpose to links retail forex market participants or traders to liquidity providers. So eventually ECN is a non dealing desk bridge with straight-through processing execution that enables execution in a direct connection between the parties. Read more about ECN through wikipedia.


What is ECN broker?


So ECN brokers automatically match requested trading orders to sell or buy at the best available price from available market participants (learn about NASDAQ market participants), while at some time EUR USD spread maybe even 0 pip.


Apart from the competitive trading costs and due to its functions ECN technology also results in extended trading time too, along with high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders. Besides, ECN execution cannot cause any misunderstanding between the trader and the broker as its interbank connectivity brings transparent trading conditions.


What is ECN fee?


The trading brokers offering ECN account and connection usually offer an interbank spread from 0.0 pips and do charge a fixed commission per lot as a trading cost or fee.


ECN vs standard account


Unlike forex market maker brokers offering standard account that typically charge fixed spread for forex trading added above the quotes you can see via trading terminal, the ECN working with commission fee model. It means, typically there is no commission charge for standard accounts, but a spread only basis while ECN costs split between the interbank spread from 0 pip and commission charge per lot.



  • Depending on the strategy you deploy ECN spreads from 0 pips does not necessarily mean lower trading costs, as for particular strategies fixed or variable spread as a trading fee is a much better option. ECN brokers and technology indeed more suitable for experienced traders, professionals or those that operate bigger sizes. While the standard account and market maker execution model might be a good option for beginning traders, for some strategies and regular size traders.



ECN US SEC


Best ECN forex broker


Firstly, the best ECN broker is a heavily regulated broker, as it is a trustable one in which you would not worry about necessary compliance and safety measures towards your money. The only way to trade with a true ECN broker is to select among the broker with the confirmed regulatory status along with its strong legit obligations. Learn about different type of brokers through SEC website.


Like the regulated brokers you will find in the listing below offers some of the best ECN trading conditions along with applicable standards of operation, transparent conditions and privacy policy.



  • GO markets– best overall ECN broker 2020

  • FP markets – lowest spread ECN broker 2020

  • Exness – best MT4 ECN broker 2020

  • XM – best ECN broker for beginners 2020

  • Pepperstone– best for scalping and EA ECN 2020



ECN forex brokers list


These are the regulated brokers that offer ECN trading:




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.


top 10 forex brokers in the world


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.



Top 10 ECN forex brokers in 2021


It would be best if you kept in mind that not all brokers work in every single country. That’s why you will need to figure out the top 10 forex brokers from different country-specific regulatory bodies. Besides, with the development of technologies, many brokers offer some new forex strategies. So, while selecting the top 10 forex brokers, make sure you look at their trading strategies.


In this article, we will thoroughly educate you on all the available forex trading strategies you should look at while choosing a forex broker.


First, let’s get to know the forex brokers in different countries.


Top 10 ECN forex brokers


100% bonus


100% bonus


How many forex brokers are available in the world?


It is tough to know the exact broker’s number, as new brokers are being introduced frequently. However, according to the MT4 brokerage user’s data, more than 1200 forex brokers are now available worldwide.


Those more 1200 brokers are handling 13.9 million online traders worldwide, which is increasing daily.


Country-specific


If you are actively looking for a fully rounded forex trading experience, we strongly advise you to check the top 10 brokers from different countries. The following list contains an overview of country-specific regulatory and licensing bodies for seven different countries. This comprehensive list will help you understand what you should look for when gathering forex strategies for the top 10 forex brokers.


Forex strategies for UK regulated brokers


The top 10 forex brokers in UK should show the commitment to give you unsurpassed trading along with the first-rate trading experience. Besides, they should be regulated by the UK financial conduct authority (FCA) .


When you join any brokers from the UK, make sure you can deposit and withdraw using GBP.


US regulated forex brokers

Because of strict US regulations, you may not find too many forex brokers to offer you based on the USA. That’s why it may take a longer time for you to sort out the top 10 forex brokers in the US. Some of the brokers are the USA doesn’t offer service in all states. However, when you come to know about a broker, you should check that license and regulations first.


For verification, you can check out with either the national futures association (NFA) or the commodity futures trading commission (CFTC). If you find any non-regulated broker in the USA, we suggest you avoid those. By joining a regulated broker, you will have peace of mind. You will know that regulatory bodies are there if you face and fraudulent activities. Additionally, check the broker’s forex strategies if they have any. A US broker should be making transactions only in USD currencies.


Australian regulated forex brokers and platforms


There are several forex brokers who offer their services exclusively australian residents. To find out the top 10 forex brokers in australia, make sure you check their funding method. If any broker claims to be australian, they are supposed to allow you to deposit in AUD currencies. Besides, they should be regulated by the australian securities and investments commission (ASIC).


Canadian regulated top 10 forex brokers


All the related financial services in canada are licensed and regulated by the investment industry regulatory organisation of canada (IIROC). However, this authority doesn’t regulate forex brokers in canada. So, if you are seeking to work with any legit canadian forex broker, you will find it hard to find one.


To look for a canadian forex broker, you have to put your highest effort on research. Especially, cross-check with different forex-related forums and communities.


Forex brokers with european regulation


Since many europeans are involved in forex trading, you will find plenty of forex brokers located in europe. Different countries are actively trading currencies such as germany, netherlands, spain, sweden, france, cyprus, and italy. All of these countries have their regulations regarding forex trading. If you are in europe, it will be easier to find the top 10 forex brokers in europe.


However, you still have to do plenty of research to find the broker with the best forex strategies.


The common checklist for top 10 forex brokers


The first this you have to check is, the forex broker you sign up should be licensed to your home country. Besides, that country-specific broker should allow you to make the transaction in that country’s local currencies. On the other hand, their forex trading strategies should include a wide range of currency pairs.


As the forex market is developing day by day, more brokers offer their services to private traders. So, making the right choice and not stumble on the scams is difficult. The second thing you should check is their reputation in different communities and forums. Instead of finding all the positive reviews, you should check for the negative reviews too. That’s how you will get to know the actual condition of a broker.


Forex strategies and goals


Before discussing forex strategies, we need to first elaborate, why would one consider trading foreign currencies in the first place? According to the experts, there are two reasons to trade forex: hedging, and the other is speculation.


Hedging is the way to protect companies from losses. Brokers get their profits from foreign countries. After that, they transfer it to their own country with the expectation of fluctuation in the currency. However, this practice is not relevant to forex strategies.


On the other hand, speculation is the prediction of a move a company can make in some certain situation. If the prediction is correct, it can improve the trading results. Speculation is all about day trading. With decent trading strategies, you can progress in the FX trading. In the end, you may apply your own forex strategies. Although applying their strategy could be time-consuming and difficult.


But, there is good news that plenty of pre-made trading strategies are available for your convenience. However, it is advisable to play it safe, especially when you are a new trader. Let’s dig the available pre-made strategies.


top 10 forex brokers with forex strategies


What is the best forex strategies?


Here, we will show you the overview of some working strategies that have been running in the forex industries over the years. From those strategies, you may research the one you might want to apply.


The following are some methods that will help you to apply strategies and gain pips.


The bladerunner trade


This strategy is suitable for currency pairings for all timeframes. Right now, bladerunner trade is one of the trending strategies that is taking by most of the traders. It is mainly a price action strategy.


Bolly band bounce trade


Bolly band focus on the ranging market. It works very well with the combination of confirming signals. If you are interested in bollinger bands, you should check the bolly band bounces forex strategies.


Daily fibonacci pivot trade


It uses only daily pivots. However, according to this strategy, you can extend to a longer timeline. Fibonacci pivot combines fibonacci retracements and extensions. On the other hand, fibonacci can incorporate any amount of pivots.


Forex overlapping fibonacci trading strategies


Most of the traders follow this strategy, but the reliability of this method is a bit lower. However, it is used with the combination of appropriate confirming signals, and ultimately they become accurate.


Pop ‘n’ stop trade


Unless you know the trick, trying to chase the price when it goes reverse rarely works. This forex strategy will provide you a tip so that you may know whether the price will keep rising or drop.


Trading the forex fractal


It is considered a concept, rather than a strategy. However, it teaches you about the market fundamentals that accelerate your efficiency in trading.


Trading is usually a game of trial and error. You have to apply different strategies to know the right one for you.


To some traders, scalping is time-consuming and needs a lot of work. However, it is not useful for all traders. Although scalping works if you can do it properly. Some traders might think that scalping could take the fun out of forex strategies.


On the other hand, if you are looking for the best forex trading strategy, this might be the safest one for you. As a day trader, you might dip in and out of the forex market one in a day or twice, including carrying a position into another period. Eventually, the profit will come back.


If you are a knowledgeable scalper, you may trade in and out several times a day. However, you may see a small profit, but they would be steady. The more you scalp, the more money you make.


As a scalper, you should know when inflation rates, unemployment figures, and GDP information are about to release. Those factors affect strategies. Scalping can help you out in those situations trading with top 10 forex brokers.


top 10 forex brokers with forex strategies


Positional trading


As we already know that scalping will teach you about the current market; at the same time, it is time-consuming. You have to sit for a long time in front of the computer while scalping. Considering that, it would be more efficient to find a less time-consuming strategy.


Positional trading can be great alternatives. It will take only a few hours a week, and it can provide a handsome amount of profit.


Having your position opened for a long period is usually the position trading. It allows you to catch some large market moves. On position trading, you have to avoid using high leverage and keep the focus on currency swaps.


Final thoughts


Among all the forex strategies, applying the right one with top 10 forex brokers would be hard. To become successful in forex, you should research yourself and work with experiments.


Whether you are a new or seasoned trader, everything depends on the broker. That is why it is suggested to work with the top 10 forex brokers. You will find many brokers claiming themselves as a top broker. However, your job is to filter all the brokers and choose a perfect one for your trading.



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, FSCstarting 0.0 pips + $ 2.0 commission per 1 lot250+
(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.


Top 7 of Best US Forex Brokers for 2021, top brokers forex.


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


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.


Top 7 of Best US Forex Brokers for 2021, top brokers forex.


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.


Top 7 of Best US Forex Brokers for 2021, top brokers forex.


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 best forex brokers with bonus and promotions for 2021


Top rated:






forex-broker-bonus-promotions


Are you on the lookout for the best forex brokers with bonus and promotions to offer?


They can be tricky to find, but if the answer is yes, then you are certainly in the correct place. Here we will give you all of the information you need, not only on the top recommended brokers if you are looking for a bonus, but also what these promotions mean, and how they can best work to your benefit as a trader.


With that in mind, let’s take a closer look at the best brokers we have found that can offer bonus and promotions to you as a trader.


Are these bonuses really free money?


Although it may be hard to believe at first, it is true. The bonuses really are free money that is sent to your account by the broker. Now what is often asked is, can I withdraw these bonus funds?


Generally, the answer is yes with most top brokers. Their policy will vary though and in many cases, there are certain trading criteria that you must meet in order to withdraw the bonus funds from your account.


What should I check when choosing a bonus?


There are a couple of very important steps that you must run through when checking the bonus that you should choose, and the broker who is providing that bonus.


First off, it is vital that you read the terms and conditions carefully, so you know exactly what is on offer. Added to that, it is important to consider the whole offering of a broker. This means not only the bonus amounts, but what else they have to offer such as spreads, minimum deposits, and more.


Please note that the following bonuses may not be available in every country, and that brokers are not allowed to offer these to customers based in the EU or UK due to local regulatory restrictions. Read T&C before applying to a bonus.


Top 9 forex brokers with bonus and promotions


Here are the top 9 forex broker bonus and promotion offers we have found available:



1. FBS


FBS is the first broker to make our listing for having some of the top promotions and bonus offers in the industry. They are well-known as being a very respected broker around the world, and they have a huge amount of bonuses on offer.


At FBS you can win a wide range of prizes from holidays to new cars, and you can also double your deposit with the great FBS 100% deposit bonus they have in place. An FBS no deposit bonus is also available at no-risk at all to your funds as well as a cashback bonus if certain conditions are met. The FBS bonus offering continues to grow and expand with many contests and challenges also available where you can win cash, trips, and VIP event invites. They also run contests directly on social media like facebook where all you need to do is share posts with your friends. These are just some of the reasons why FBS is a top bonus broker for all traders.



XM is another top international broker, and one of the most easily recognizable in the industry. They too offer a strong range of bonuses and promotions. These start with an excellent $30 no deposit bonus which you can use for completely risk-free, real money trading.


Beyond this you will also find a deposit bonus of up to $4500 which means your deposit will be matched by the broker with free money up to this high value. Aside from those regular types of bonus offerings, XM also runs a lucky draw which has a huge total value of $1,000,000. As a regular trader with the broker you can also join their loyalty program which is points based. You can redeem these points through your trading actions to obtain a wide range of great benefits with the broker.


Please note that these bonuses may not be available with every XM entity



3. Instaforex


Instaforex is the next broker to make the top list of brokers providing bonuses and promotions. They too are very well-trusted by a broad range of traders across the industry. They start their bonus offering with one of the very best no deposit bonus offers in the sector. This is the instaforex $1,000 no deposit bonus.


Further to this monster bonus offer, the broker also provides a deposit bonus of 30% so you can always receive an additional 30% on top of your initial deposit as risk-free bonus funds to trade with the broker. Added to this, instaforex makes a huge range of contests and challenges available where you only need to have a demo account to participate and win. Here you can win a great range of physical prizes including cars, money, and much more.



4. Fxopen


The next broker on the list offering top promotions and bonuses is fxopen. They kick their bonus offering off with a $10 no deposit bonus. This is great if you are new to trading and looking to try out the broker with no risk at all to your own money.


Another great offer for beginners is the $1 welcome bonus on micro accounts. This makes sure you are covered to trade with free money, even at lower risk levels. Like many of the other brokers they also provide access to a large number of trading contests with a unique prize attached. This prize is that if you reach a certain benchmark of profit in the contest with virtual funds, they will then turn 10% of these funds into real money for you to trade with. A very attractive bonus proposition indeed from this popular broker.



5. Roboforex


Roboforex are in on the act too as another respected top broker offering bonuses and promotions to their traders. The excellent bonus infrastructure here starts with a deposit bonus that can be either 10%, 60%, or a huge 120% depending on how much you are depositing.


The offers do not stop there with roboforex either. Just for joining the broker, you will be entitled to a $30 welcome bonus. This can be used for completely risk-free trading on the markets of your choice. You will also be entered into weekly and monthly contests which are free to enter but where you can win real prizes on both demo, and live accounts. Regular traders are not forgotten either with cash rebates stretching up to 15% based on how much you trade.



6. Hotforex


Hotforex are one of the cornerstones of the industry and regularly feature as a top broker in many listings. They too have a very strong bonus infrastructure though it may not be available in every country the same. This is particularly true in europe.


Outside of that though, their offer is strong. They provide a number of unique bonuses the first of which is a 100% credit bonus. This acts to double your deposit with completely free bonus funds. They also offer a very unique 30% rescue bonus. This bonus protects your funds from drawdowns up to $7,000. The 100% supercharged bonus is one of their most popular though. This provides for a huge amount in cash rebates that can reach up to $8,000, on top of a 100% deposit bonus. All of these great offerings maintain hotforex as a very popular bonus broker of choice.


Please note that these bonuses may not be available with every XM entity



7. Octafx


Octafx is another popular, and rapidly growing name in the sector. They are not stepping back when it comes to offering a bonus either. If you are trading with this broker, the first thing you may want to try out are some of the demo account contests.


These great contests come with prizes of up to $500 real cash if you are trading through metatrader, and $150 if you are using ctrader. If these pique your interest, then you can decide to deposit for real, and benefit more from a 50% deposit bonus which is on offer. On top of this, there are many other prizes including merchandise to be won from a broker who is strong, trusted, and growing all the time.



8. FXTM


FXTM is one of the biggest names in the industry. They have also not forgotten a strong bonus infrastructure, and for this reason, they too feature on our list of the best brokers for bonus offers and promotions.


At the core of the FXTM bonus offering is their excellent loyalty program. Here, the more you trade, the more you can get paid. At the maximum level you have the ability to earn as much as $10,000 from the program. Also offered by the broker are a great range of both demo and live trading contests where you can compete against your fellow traders to win top prizes.



9. Vantage FX


Vantagefx is next in our selection of the best forex brokers who offer a good range of bonus systems. Here you will be able to take advantage of a 50% deposit bonus that will allow you to trade risk-free with bonus cash from the broker based on how much you deposit.


Vantagefx also offers a great and very rewarding loyalty program where you can avail of 10% rebates on your trades up to $2 per lot traded when you deposit at least $1,000. With the broker and this program, there is no limit on the trade size at all. The higher the lot size you trade, the higher your bonus will be.


Different type of bonuses


When choosing your forex broker bonus, it is also important to keep in mind that there are many different bonus types available. Here is a more detailed look at exactly the kind of bonuses that are offered by brokers:


Forex deposit bonus: the forex deposit bonus is a certain amount of money offered as a bonus based on the amount which you deposit. In the case of many brokers, this can mean matching your deposit amount with an equal bonus amount.


Forex no deposit bonus: A forex no deposit bonus, as you might gather from the name, is a bonus which is offered to you with no deposit required. In most cases, you simply have to complete the registration process. This money is free and can be used in real trading at no risk to your own money.


Welcome forex bonus: the welcome bonus can be similar to a no deposit bonus. You will get a bonus money amount for completing registration, and in some cases based on the amount of your first deposit.


Loyalty program: A forex broker loyalty program, just like any other, is usually based on how much you use the service. In this case, the more you trade, the more you will be rewarded by such programs. These rewards could come in the form of lower trading costs, additional premium trade tools, physical prizes, access to live events and meetings, and much more.


Points system: the forex broker point systems can also be based on loyalty programs. With these systems, the more you trade, the more points you will earn. These points can then be used to access monetary prizes, cars, vacations, and more.


Cash back and rebates: cash back and rebate programs are also a very common form of bonus. Just as the name suggests, with this form of bonus, you can earn money back for each lot you trade.


Money protection bonus: this is not a very common form of forex broker bonus, though it exists, nonetheless. This kind of bonus from your broker actually protects your funds from reaching a certain negative level, and in some cases, anything beyond this negative point can be refunded.


Forex contest prize: there are a wide range of brokers who organize contests which you can participate in with virtual funds against other traders. If you win some of these contests through making the most profit from virtual funds, then you can win all kinds of great prizes including cash, cars, and more.


Why do brokers offer forex no-deposit bonuses and other bonuses?


There are several reasons why your broker may offer a no deposit, or other type of bonus. One of the primary reasons for this is to create value for you as a trader, and to attract new traders to the industry and that broker.


This method is accepted in many parts of the world, though not in europe. Within the EU, the offering of the majority of these kinds of bonuses is not allowed by the regulator. ESMA does this in a large part to protect beginners from getting involved in trading without the proper knowledge and ultimately losing their money.


Tips on how to choose a bonus and a broker


If you are thinking about choosing a forex broker, the bonus is just one element of this choice, and it should not be a large factor in your decision-making process. First and foremost, you have to choose a broker who is trustworthy, and well-regulated. Luckily all of the brokers on our listing are both of these things.


Once you have done this, then you can think about the bonus they are offering, but do not make your choice based on the broker bonus alone. You have to consider all of your trading needs. In this case, you may want to try out a broker first. This would be a great time to select a no deposit bonus broker so you can try out their real trading at no risk to you.





So, let's see, what we have: find out our top 7 of the best US forex brokers. Discover the best trustworthy US brokers to trade forex in the USA. Click here now! At top brokers forex

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