Forex brokera

Spreads are the primary cost to the trader. Lower costs mean that the trader will have a chance to retain more profits, or at least reduce the losses that may be incurred.

Best forex bonuses

Best Forex Brokers for 2021, forex brokera.

Competitive spreads are now a factor used in broker selection. It may not be immediately obvious how much savings on spreads can translate to, but high volume traders such as scalpers know that when up to 300 trades are placed in a month, then savings from reduced spreads can be substantial. Regulation will continue to remain a key factor in broker selection. Regulation ensures that traders are protected and that the trading environment is transparent and secure. The brokers presented on this site are regulated in their respective areas of operation, which ensures that traders who open accounts with them are assured of safety of their funds.

Best forex brokers for 2021

Brokerage companies are scattered all over the world and have many differences in trading conditions, products and services. Some companies are regulated, others are not. Some have been around for decades, others are rather young. Certain brokers work as market makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer a much larger selection of underlying assets for trading. This site was created to help you find the best forex brokers for your specific needs and requirements. There are several sections and filters in the menu on the left. These can be used to create a custom list of entities with preferable parameters and characteristics. If you find a certain broker you are currently trading with or have used before, feel free to share your experience about it in the comments section meant for forex broker reviews.

The forex brokerage business has undergone a lot of evolution in the last decade. The global financial crisis of 2008 and the events that happened thereafter have reshaped the industry. At about the same time, new technologies came up and also contributed to the evolution of the forex market and forex brokerage business. It is important for traders to understand what forex brokerage is all about and how it will affect their trading ventures. Before we get to meet the best forex brokers for 2021, it is pertinent to identify the role that forex brokers play in a trader’s career and why it is important to go with a forex broker that can match your circumstances and aspirations.

Role of forex brokers

Forex brokers have several roles to play in the market. These roles have also evolved over time, as traders demand a lot more from their trading providers. Forex companies now perform the following roles:

A) access to the market

This is the core role of the forex broker. The forex market is a virtual market with no physical location. At the centre of forex market operations is the interbank market, where the big banks offer various currency pairs for sale. Professional and individual traders therefore do not have to proceed to a physical location to trade, but rather have to have a means of accessing the interbank market. They can only gain access to the interbank forex market using software known as platforms. These platforms are provided by the forex brokers. So without the brokers, nobody can get access to the forex interbank market to trade.

Access can be provided directly using the ECN/STP platforms (also known as direct market access platforms), or indirectly using the market maker platforms that route orders to the broker’s dealing desk. Traders should as much as possible, try to understand the implications of getting direct access to the FX market on one hand, and getting indirect access on the other. The type of access granted will determine factors such as amount of capital to start with, as well as the trading styles and processes to be adopted.

B) trader education

This is gradually but surely becoming a very important element of the forex broker’s functions. Research has shown that 90% of retail traders will lose 90% of their accounts in 90 days. This is a well-established market statistic. Majority of the losing traders (if not all) are traders who are uneducated about the market and who do not understand how to trade profitably. These will end falling by the wayside. No broker wants to spend money acquiring clients, only to have them quit the market after decimating their accounts in 90 days. With brokers realizing that such an arrangement is not good for business in the long run, many of them are now investing significantly into trader education. Videos, articles and webinars are the common means by which beginner traders are given an introduction into the forex market.

C) market research

Once traders get established on the platforms using trader educational resources, their trading activities can be sustained via the provision of market research tools, analysis and news feeds. Many brokers have incorporated this into their offerings as well. For the trader, this is a good thing.

Criteria to consider in choosing a forex broker

The criteria for choosing a forex broker have evolved over the years. While there are still some elements that are critical to the choice and which have remained constant over time, there are other parameters which have emerged and which will be considered below.

1. Spreads/commissions

Spreads are the primary cost to the trader. Lower costs mean that the trader will have a chance to retain more profits, or at least reduce the losses that may be incurred. Competitive spreads are now a factor used in broker selection. It may not be immediately obvious how much savings on spreads can translate to, but high volume traders such as scalpers know that when up to 300 trades are placed in a month, then savings from reduced spreads can be substantial.

2. Leverage

Leverage in forex is now a big deal. What started off in 2010 when leverage caps were introduced in the US by the commodities and futures trading commission (CFTC), has now been extended into the united kingdom and europe. Retail traders in the UK and EU have seen leverage caps reduced from as high as 1:500, to just 1:30 for major forex pairs. Minor pairs and cfds have even tighter leverage limits. This has increased margin requirements significantly. However, some brokers outside these jurisdictions have continued to maintain the high leverages, thus attracting traders who were caught out by ESMA’s decision. Some of the UK/EU brokers have also opened international divisions, where their international client accounts are being migrated to. So traders now have a choice of operating with the low leverage brokers, or the high leverage ones.

3. Regulation

Regulation will continue to remain a key factor in broker selection. Regulation ensures that traders are protected and that the trading environment is transparent and secure. The brokers presented on this site are regulated in their respective areas of operation, which ensures that traders who open accounts with them are assured of safety of their funds.

4. Broker type

A mention has earlier been made about direct and indirect access to the interbank market. As a trader, you need to know how each type of access will affect you. Market makers provide indirect access because they buy positions from the interbank market and resell them to their clients using a dealing desk. Market makers usually require smaller amounts of starting capital, provide fixed spreads, and tend to have more slippages and requotes. They provide a low barrier for market entry.

ECN brokers on the other hand, provide direct market access. They require large amounts as initial capital, provide variable spreads, but do not have slippages and requotes. However, they charge commissions on trades in addition to spreads. At the end of the day, the trader’s financial capacity will determine if a market maker or an ECN broker will be selected for the trading venture.

5. Trading resources

Trading resources are generally tools that are provided by a broker to enhance the trading experience and potentially improve a trader’s trading outcomes. More is not always better. In this case, it is about finding the broker that has the right mix of trading resources that cover analysis, news and market insight.

6. Customer support

Customer support can now be offered using a variety of means that were not in existence 10 years ago. Social media channels such as facebook and twitter, as well as messaging apps such as telegram can now serve as channels for receiving near-immediate responses from a broker’s customer support desk. Choose a broker with a diversified customer support structure which deploys these new means of communication.

Our list of forex brokers

The list below features best forex brokers selected by us for 2021 year. This list has been prepared after due consideration of all the factors mentioned above. In this list, you will find many brokers that are offshore brokerages with high leverage, or offshore divisions of EU/UK brokerages that can provide high leverage trading platforms to their clients. Feel free to read our forex broker reviews and make an informed choice based on the contents of this website.

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Forex brokers for US traders (accepting US clients)

Below you will find a list of forex brokers accepting US traders as clients. Due to the strict and complicated regulatory environment, it became quite a challenge for FX companies to operate in the US. To make it worse, thanks to the dodd-frank act and the memorandum of understanding, many licensed forex brokers all over the world stopped accepting US clients. Still, there are some offshore countries where local authorities haven't yet imposed the restrictions. Unfortunately, most unchained brokers are not regulated, although that’s exactly the reason why there’s an opportunity to open a trading account with them. Notable benefits of going offshore: no hedging prohibition, no FIFO rule application and trading leverage is much higher.

Over the last decades, the forex market in the US has emerged as one of the most regulated markets anywhere in the world. Rules that were introduced and backed up by federal laws have made it very difficult for brokers and traders alike to operate in the US forex market. For many years, only three brokers operated in the US forex market: oanda, GAIN capital LLC (forex.Com) and TD ameritrade. Others were either put out of business or were forced to close down as a result of the strangulating environment created by the regulators, backed up by the dodd-frank wall street reform and consumer protection act of 2010.

What changed?

After the global financial crisis of 2008 which had its origins in the US subprime mortgage market, there were general calls for better regulation of the various markets operating in the united states. The dodd-frank act was a direct consequence of this agitation. This law strengthened the commodities and futures trading commission, enabling it to oversee not just the conventional financial markets, but also the swaps market which was valued in trillions of dollars.

Changes to the way business was conducted in the US financial markets were sweeping and aggressive. Some of the changes which were directly targeted at the retail segment of the market were as follows:

A) introduction of leverage caps in forex and options, pegging leverage at 1:50 for forex majors, and 1:20 for forex minors, and forex options trading.

B) elimination of hedging ability via the introduction of the first in, first out (FIFO) rule. Thus rule states that a position on an asset must first be closed before another can be opened on the same asset. The FIFO rule effectively ended the hedging style of traders placing opposing positions on the same asset.

C) stratification of traders in the FX market was institutionalized, as these rules were targeted at the so-called “unsophisticated’ investors, defined as traders with assets that are less than $10million, as well as small businesses. Professional and commercial traders (investment banks) were largely exempted from these changes.

According to the CFTC, these rules were meant to protect the retail clients from overexposing their money to the market and from taking excessive risk. But to what extent these rules have actually protected the retail consumers of forex products in the US is anyone’s wildest guess.

What the regulators of the US financial markets will not readily reveal, is that many traders in the US simply exited the US market and migrated their accounts to brokerage platforms in other countries. Forex brokers located in the US have had whatever market share they had badly eroded, and brokers without the kind of purposeful structure that the former US brokers suddenly emerged as less desirable but ready alternatives to traders who were unwilling to trade under the new conditions in the US.

In other words, the dodd-frank act actually stifled the forex brokerage business in america and the statistics do not lie. During the good times, more than 40 retail FX brokers were serving both US and international clients. Ever since dodd-frank became law, that number dwindled to the three brokers mentioned above, and the international clientele base simply moved away from the US and on to brokerages in the UK, europe, australia and the caribbean. A lot of the damage in the US forex brokerage business environment came as a result of the $20million bond which was imposed as a requirement for starting a forex brokerage business in the US. Tax reporting requirements have also scared off many brokerages from accepting US clients. Clearly, no foreign forex company wants to get the same kind of attention that huawei got from the US government in 2019, or what tiktok got in 2020.

What are the current options for US forex traders?

In 2019, some brokers made moves to re-enter the US market. Unfortunately, the COVID-19 pandemic slowed down the process dramatically. Still, some new brokers managed to enter the US forex market in recent years, so traders now have more choice than before.

So what is the current state of the US market as it concerns US forex traders?

1) consumer-friendly regulators

Regulators in the US have made a series of changes designed to improve trading outcomes for US forex traders. For instance, the commodities and futures trading commission (CFTC) has made its weekly CFTC positioning report (also known as the commitment of traders report, or COT) more readily available. This report shows what the major players in the commodities and currency markets are doing. Using this information, summaries of which are found on some MT4 platforms of US forex brokers, traders can consider their positions against the backdrop of the institutional speculators are trading. This provides for more informed trade decisions.

Additionally, the CFTC is now more reachable as a number of channels are now open so the public can make complaints or submit inquiries and observations.

2) more robust database of providers

Everyone working in the industry must be registered with the CFTC and NFA. The NFA has taken it a step further by requiring biometric registration of those who provide services to traders, be it brokerage services or fund management. This biometric information can be shared with the federal bureau of investigation (FBI), and this has been a strong deterrence against wrongdoing by brokers. When last did you hear of US forex brokers swindling customers of their funds?

The CFTC database of providers is very vast. All floor traders/brokers, introducing brokers, swap dealers, retail forex dealers, commodities pool operators (cpos) and commodities trading advisors (ctas) who are licensed to provide services to US forex traders are all on this database.

If you are approached by anyone claiming to be any of these, you can easily contact the CFTC for near-instant verification. Even those who are not listed on the CFTC database by reason of exemption must appear on the NFA database, and the reason for the CFTC exemption provided.

3) expanded list of US-regulated forex brokers

There used to be a time when more than 70 brokers operated in the US forex market. The dodd-frank act thinned them out to just 3, and it remained this way for a nearly a decade. At the present day, there are now 8 regulated forex brokers in the US. Oanda, forex.Com (GAIN capital) and TD ameritrade retained their positions, and are now joined by ATC brokers, IG US, interactive brokers, ally invest and thinkorswim (now owned by TD ameritrade).

4) leverage caps

The 2018 ESMA rules in europe forced all local brokers to set a 1:30 leverage limit for all major FX currency pairs. In the US, this cap remains at the 1:50 level introduced in 2010. US forex traders will continue to enjoy what now seems to be the most liberal leverage caps in the tier 1 regulatory jurisdictions.

5) credit-based funding for customer forex accounts

Bank drafts and direct debits from a bank-linked ATM card are now the recognized means of account funding for US forex traders. The use of credit cards is now prohibited.

These are some of the changes that US forex traders have faced in 2020. 2020 also marked the year of the COVID-19 global pandemic that has completely changed the face of the global economy. However, while many other economic sectors have been badly hit, forex trading and other forms of financial market activity have thrived. In fact, the massive job losses and furloughs across the world that left millions without a source of income, drove the same people to the financial markets. Many brokerages have witnessed a surge in new trading account registrations as well as inquiries about trading. COVID-19 has changed the face of financial trading and it is likely that a number of changes as to how forex is traded in the US are coming.

What does the future hold for US forex traders?

So what possible changes can US forex traders hope to see in 2021 or in the years to come?

1) changes to margin rules

It is likely that forex traders in the US may face changes to margin rules on their accounts. US forex brokers are expected to have rolled out the phase 5 and phase 6 rules on uncleared margin, known as UMR 5 and UMR 6. UMR stands for uncleared margin rules. These rules have to do with how buy side participants in the forex market handle initial margin and variation margin among all counterparties in the market. Compliance with the UMR 5 and 6 means that there is a consolidated margin threshold of 50 million units of either the EUR or the USD that must be adhered to, among other requirements.

These rules were originally conceived in the aftermath of the 2008-2009 global financial crisis to enable firms handle risk better, and were meant to be implemented in phases. UMR 1 commenced in 2017. Full compliance with phase 5 UMR rules was to kick in by september 2020, but has been moved by a year to september 2021. While the full details of these rules would be out of the scope of this piece, suffice it to say that these new rules would make it harder for new players to enter into the retail FX brokerage space in the US. It would also stretch the resources of existing brokerages in terms of compliance with these rules. Ultimately, the entry point for opening a forex trading account may climb dramatically, putting it out of the reach of many. If you have been thinking of opening a US forex trading account, this may be the best time to do it.

2) advancements in technology

Algo adoption is expected to grow, whole artificial intelligence (AI) will start to feature more prominently in the development of market trading software. 2021 may be the year when US forex traders who want to maintain an edge in their trading may have to start using tools and software that can perform smarter analysis and make more rational trading decisions.

3) blockchain-based platforms

2021 may be the year when blockchain-based trading platforms may start to hit the US forex market. Some brokerages in japan and singapore have started to experiment with these platform types. Perhaps 2021 may be the year that we could see these used more widely in the US. Will this signal the beginning of the end for the MT4, or will metaquotes respond accordingly?

4) increased volatility on the US dollar, euro and british pound

Coronavirus vaccines will be out in 2021, but the availability of these vaccines seem to be geographically defined. Countries like the US and UK are buying up stocks in advance, so it is likely that these vaccines will not go round the world. Remember the dark days of the HIV epidemic when there was disproportionate access until PEPFAR and the global fund kicked in? This is probably what will happen unless something is done about the situation. COVID-19 will continue to dominate headlines, along with attempts to rescue the global economy. It is looking like there will be a change of guard at the white house. 2021 will see more volatility on the US dollar, euro and british pound.

It is prudent to say that there may be other occurrences in 2021 which have not been captured here, but which cannot be ruled out. Nobody can predict the future with 100% certainty.

Closing note

One of the best things that consumers of any product can enjoy is the power to choose, and to be able to make that choice from a wide range of service providers. This is what the dodd-frank law has taken away from US forex traders… but things have changed. Aside from a few forex brokerages operating in the US, there are a number of offshore forex brokers expressing willingness to take US traders on their platforms.

There are a number of advantages and also drawbacks to this arrangement. In terms of benefits, this is what US forex traders will enjoy when they use the offshore brokers presented in the list below.

A) the ability to hedge trades is a risk management tool. The FIFO rule basically prevents this from happening. Realizing this great folly in the US forex brokerage setup, the offshore brokers in the list provide below have created a system which allows traders to hedge, even if it means placing opposing positions on the same asset.

B) the CFTC has argued that the leverage caps protect retail traders by stopping them from overexposing their capital and accounts to the market. The leverage caps imposed a high minimum capital requirement on forex accounts opened in the US. This requirement only served to lock out a large segment of the trading public. With the forex brokers for US traders introduced here, you get lower capital requirements you can actually meet. You also trade with a wider spectrum of leverage, which allows you to trade under non-restrictive leverage conditions.

C) your greatest asset as a consumer (the power to choose) is restored. You have a choice of not just a few brokers, but many ones. If a broker does not match your requirements, move to the next one on the list.

The brokers featured in the list below have been carefully selected to offer you a forex brokerage service that rivals what you can get anywhere in the world, and under non-restrictive conditions. They are great for beginners who can make a transition from a demo account to a lightly funded live account, just to ensure they can understand what live trading is all about before they get more heavily committed. ECN style accounts are also available for those who prefer to trade directly with the FX interbank market. There is a lot of choice for you as you go through this list of brokers, one after the other.

Top 7 of best US forex brokers for 2021

Top rated:

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.

Is forex trading legal in the USA?

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.

Forex brokers to avoid

If you trade forex, you need to make sure that your brokers are legitimate and above board – and that you can trust them to help you out. While most forex brokers are decent and honest, not all are. It pays to be able to defend yourself against less scrupulous brokers. Avoiding broker fraud ought to be a priority for people who trade foreign exchange pairs, then – and that’s where we can help. Below is a list of brokers who we have deemed to not be trustworthy for a variety of reasons. And if you are concerned about a particular broker, contact us with details to alert us with the potential broker fraud going on. From there, we can go ahead and research and review the broker in question and help prevent other users from falling victim to any dodgy practices. And we’ll use this information to keep the list as updated as possible – so check back here for all the latest updates when you can.

Investigated brokers

The sad reality of the foreign exchange trading world is that there are people who are out to make a fraudulent buck from innocent traders trying to build their portfolios. Whether it’s insider trading or some other manipulation of the international markets, trading fraud can take many guises – and it can even have links to the wider stock markets as well. As a result, it’s wise to keep yourself fully informed about what the brokers you are considering are up to – and make decisions to avoid those who don’t offer the level of safety and security you require.

Below is an up to date list of the brokers which we strongly advise traders to choose to avoid. There are plenty of other brokers out there who are trustworthy – and with these traders below exhibiting behaviours like copying websites of others, receiving warnings from regulators and more, it’s well worth avoiding them as you choose your own preferred provider.

Various global institutions have criticised the range of brokers included on this list. Whether it’s the australian securities and investments commission or the regulators of nations such as cyprus, there are organisations on here which have faced the wrath of some of the world’s leading oversight bodies. But, we’ve gone even further and responded to intelligence from our users in order to bring you an up to date list of brokers which, in our opinion, ought to be avoided. (see the full list at the bottom of this page).

Latest added forex brokers to avoid

OT capital. They have gotten a warning from ASIC.

EU capital. They ask you to deposit over and over again. They even try to get you to log in to your bank account over a shared screen.

Multiplymarket is a clone of trading technologies.

Bluetrading has an FCA warning for claiming to be FCA regulated when they, in fact, are not.

Facebook group investment/profits, FBO trading signals & bitcoin investments – they don’t allow withdrawals and block you as soon as you ask for a withdrawal.

ECN capital. They claim to be cysec regulated but are not.

GBCFX – unregulated broker having issues handling withdrawals.

Forex365options – they make you pay fees that aren’t even in any terms and conditions. Website hardly works either.

Toptrades.Co – not regulated so should be avoided.

Fx-premium. They are copying the website of JFD brokers so should be avoided!

Most trusted forex brokers

But despite the fact that there are clearly some untrustworthy web brokers out there in the forex world, it’s also the case that some brokers are more worthy of your trust. Many legitimate forex brokers have taken steps to gain the trust of their users, whether that’s by implementing rules against money laundering or simply by segregating client funds away from the operational funds of the broker’s business.

It’s not always possible to identify the legitimate foreign exchange brokers from first glance – but that’s where we can help. The list below is based on reviews which assess everything from the apps offered by particular forex brokers to the reputations they have among users for fairness.

To see a full list of our trusted foreign exchange brokers, why not check out this table?

Discover a world of trading opportunities

FOREX

Trade 45+ currency pairs with ultra-low spreads

INDICES

Trade leading global indices like the S&P 500 & NASDAQ

COMMODITIES

Trade commodity cfds like coffee & soybeans

Trade share cfds of the largest global corporations

ENERGIES

Trade energy cfds like crude oil & natural gas

TREASURIES

Diversify your portfolio with bond cfds

Take charge of your trading with a trusted broker

History

Established in 1988, we are one of the region’s longest serving brokers.

Security

Fully regulated and licensed broker

Reliability

Transparency, ethical practices and human support are core to what we do.

Insurance

Brand new insurance for up to €5,000,000

Loyalty

Dedicated loyalty programme
earn rewards when you trade

Trade the world’s financial markets your way

Explore our powerful suite of trading platforms

Let’s get started

Reach new heights

Windsor brokers is offering investment services and activities to its clients since 1988.

Windsor brokers (BZ) ltd is regulated by international financial services commission in belize, offering its services within the rest of the world except USA, EU and belize.

Seldon investments limited/jordan, registered under company national number 200168191, is licensed and regulated by jordan securities commission (JSC), offering its services mainly to jordan and arabic region.
Windsor brokers is offering forex and CFD trading on gold, oil, soft commodities, shares, indices and more.
Windsor brokers is committed to maintain the highest standards of ethical behavior, professionalism, integrity, as well as a high level of trust and confidence.
Services and products offered by windsorbrokers.Com are not intended to be used by residents of the united states of america, belize and the member states of the european union. WB global ltd is the EU registered company situated at spyrou kyprianou 53, 4003 limassol, cyprus facilitating payment services to windsorbrokers.Com

Windsor brokers ltd is a cypriot investment firm, licensed and regulated by cyprus securities and exchange commission (cysec), under the license no. 030/04, offering its services mainly within the european region under windsorbrokers.Eu

Risk warning: contracts for difference (CFD) are complex financial instruments carrying a substantial level of risk, and may not be suitable for all investors, as may result in a loss of all invested capital rapidly due to leverage. You should consider whether you understand how cfds work, your investment objectives, level of experience, risk appetite and, if necessary, seek advice from an independent financial advisor. Please read the full risk statement

Forex brokers with best money withdrawal options in 2021

The best and most exciting thing about forex trading is, of course, to withdraw your profit from the forex broker. Say you have been trading, made a considerable amount of profit and now you want to spend your profit. In order to be able to do it, first you have to get your money back from the broker. To withdraw money from your forex account is very straightforward in general but does require you to take few steps.

Forex brokers with best money withdrawal options

Forex.Com

Forex.Com is owned and operated by an industry giant; GAIN capital holdings who has been around for more than 20 years. Forex.Com is registered and regulated by CFTC, NFA and CIMA. The broker accepts clients from the US. Investors can deposit and withdraw funds by credit card, bank card and wire transfer. Digital wallets are going to be available soon.

Money withdrawal options: credit card, bank card, wire transfer

XM

XM puts more than ten methods of deposit and withdrawal under disposal of its clients. In addition to international bank transfer and credit card which has become industry standards as deposit and withdrawal methods, XM clients can use various other methods. Those methods include neteller, skrill, unionpay, web money, ideal, moneybookers, moneygram, sofort and western union. One important detail which makes XM even more favorable is that the broker covers international wire transfer commission of its own part which considerably reduces the withdrawal cost.

Money withdrawal options: wire transfer, credit card, neteller, skrill, unionpay, web money, ideal, moneybookers, moneygram, sofort, western union

Fxpro

Regulated by FCA,cysec and SCB, fxpro is headquarted in london and one of the most prominent forex brokers in the industry. Traders who open an account at fxpro can withdraw and deposit funds through credit card, international bank transfer (SWIFT), paypal, skrill, neteller and china unionpay.

Money withdrawal options: wire transfer, credit card, paypal, skrill, neteller, unionpay

Hotforex

Established in 2010 and headquartered in cyprus, hotforex is an award winning forex broker that offers a wide range of account types and trading instruments. The broker is pursuing a policy of providing the most convenient and advantageous trading conditions for the traders. You can deposit money in hotforex using credit or debit cards and bank wire transfers. Apart from that hotforex also accepts skrill, neteller, fasapay, sofort, mybitwallet, ideal and webmoney.

Money withdrawal options: wire transfer, credit card, skrill, neteller, fasapay, sofort, ideal, webmoney, bitcoin

Exness

Exness was founded in 2008 in russia and has grown into one of the most popular forex brokers in europe since then. The company is regulated by cysec in cyprus and FCA in UK. Having a wide array of payment methods, transacting money on this brokerage platform is pretty easy and quick.

Money withdrawal options: wire transfer, credit card, skrill, neteller, webmoney, perfect money, sticpay, jeton wallet

Choose the withdrawal option

When it comes to withdraw your profit from forex brokers, the methods are not scarce including credit card, wire transfer, paypal, neteller, skrill, western union, bitcoin to name a few.

I usually go with wire transfer when withdrawing my profit. Nevertheless it comes with some caveats. Wire transfer is recommended if only you are going to withdraw an amount over a thousand. Otherwise the bank transfer fees are going to eat up your hard earned profit. Bear in mind that when you choose to get your money back through wire transfer, you are going to get double charged (once by the bank in where your forex broker is located and again by your local bank). The fees could range from $50 to $100 in total. The certain amount completely depends on the bank the broker is working with and your local bank. International wire transfer fees charged by some US banks are explained in this article.

How to Withdraw Money From Forex Broker - Withdrawal Options

My second favorite option to withdraw funds from forex account is credit card. Again there are some caveats. Some forex brokers don’t allow you to withdraw more than what you deposited with the same credit card. When you deposit $1000 to your forex account using credit card, you can only withdraw an amount up to $1000 by the same card. So you will have to choose another withdrawal method to transfer your profit.

Though I haven’t used so far, other popular methods are digital wallets like neteller, skrill, paypal. Forex brokers don’t charge extra fees to withdraw money by digital wallets however those services apply their own fees when you want to transfer money from the wallet to your bank account.

Submit your withdrawal request

After you decided the best transfer option for you, you have to submit your withdrawal request. Forex brokers used to demand clients to print out a withdrawal form then fill, sign and forward it to the broker by mail or e-mail.

However nowadays you don’t have to go through this cumbersome process. Majority of the forex brokers provide clients with a username and password for the client portal where they can submit their money withdrawal request in just seconds.

Just log in to the client portal, navigate to the money withdrawal section, fill the online form and click the submit button. Congratulations!

An important caveat is that some forex brokers do not require clients to verify their account till to the point they wish to withdraw funds from their account. If this is the case for the broker that you are trading with, you will need to verify your forex trading account by loading proof documents for ID and address. However, you will have always the chance to verify your account upon registration in case you do not want to worry about the last minute rush.

Wait until your fund is transferred to your bank account / credit card / digital wallet

It ranges between one to three business days depending on the forex broker and withdrawal option you used. Wire transfer and credit card transfers could take up to three business days. Though I remember several times that I received the funds same day when I used wire transfer as the transfer option. The commission and fees are not fixed for wire transfer. Since there are three banks involved at a wire transfer transaction, it is hard to know the exact amount that is going to be charged as commission. However, based on my experience, I can say that it should range between $30 and $100.

Digital wallets such as skrill and neteller has a different commission and time schedule. First time you incur any commission is the moment you withdraw funds from your trading account. The rate changes between %3 and %2 of the amount you like to withdraw. It takes fews days between the time that money leaves your trading account and arrives at your digital wallet. Second time you will get charged is the moment you transfer the money from your skrill account to your bank account. That is another %3 – %2 commission.

Wire transfer is my preferred withdrawal and deposit method. I use digital wallets only if wire transfer is not among the methods offered by the forex broker. Credit card is fast and more reasonable than any other withdrawal and deposit method. Nevertheless, I shall kindly point out that in the case you choosed credit card as a withdrawal method, you can only withdraw the amount you deposited by the same credit card. Therefore, you will have to use another method in order to be able to withdraw your profit.

Forex a srovnání CFD brokerů

Recenze forex brokerů. Najděte si toho svého, protože jen ten pravý vám ušetří čas i peníze.

Srovnání CFD forex brokerů rychle a jednoduše.

Novinky

Tipy a triky na forex

Exotické měnové páry

Recenze brokerů na forexsrovnávač.Cz

XTB - ještě nižší spready u XTB! Více než 3 000 instrumentů

Broker XTB (X-trade brokers) XTB je mezinárodní brokerský dům, jehož počátky se datují do roku 2002, v české republice působí od roku 2007.

XTB jako obchodník pracuje pod zákonným dohledem české národní banky, je tedy plně regulován. XTB kromě obchodování s CFD na forex nabízí také obchodování CFD na akciové indexy, komodity, akcie a ETF. Spready se u XTB pohybují od 0.7 EUR/USD, 0.32 zlato, 0.8 DE30, 0.04 ropa.

Plus500 broker - více než 2000 instrumentů k obchodování

Pro české obchodníky je plus500 zajímavý především protože můžete obchodvat a vkládat české koruny, vyhnete se tak směnám na dolary nebo euro, jako je to u ostatních brokerů. Minimální vklad od 100 USD - bankovní účet, skrill, paypal nebo karty.

U plus500 můžete obchodovat až s 2000 obchodními instrumenty, včetně cfds kontraktů na kryptoměny jako je bitcoin, ripple nebo ethereum a další

Srovnání CFD forex brokerů

Porovnejte si nabídku CFD forex brokerů podle toho co vás zajímá. Například podle průměrné velikost spreadu na páru EUR/USD, nebo minimálního vkladu na účet. Když vybíráme brokera na obchodování, měli bychom dávat pozor na několik věcí.

Nejdůležitější z nich, je možnost rychlého výběru našich finančních prostředků – hlavně na základě tohoto kritéria řadíme brokery na seriózní úroveň. Dobrý broker nabídne také stabilní a přehlednou obchodní platformu se spolehlivým pohybem cen a bez odchylek v čase. Cenová manipulace může být rizikový fakt, když si zvolíte neseriózního brokera. A konečně bychom se měli podívat i na zákaznickou podporu a určitou historii brokera.

Rozdílové smlouvy jsou komplexní nástroje a v důsledku použití finanční páky jsou spojeny s vysokým rizikem rychlého vzniku finanční ztráty. Při obchodování s rozdílovými smlouvami dochází u 74–89 % účtů retailových investorů ke vzniku finanční ztráty. Měli byste zvážit, zda rozumíte tomu, jak rozdílové smlouvy fungují, a zda si můžete dovolit vysoké riziko ztráty svých finančních prostředků.

Naučte se obchodovat

Jak správně vybrat brokera

Jednou z prvních věcí, kterou byste s výběrem brokera neměli opomínat, je otázka bezpečnosti. V ČR musí být každý broker registrován u ČNB, která na tomto trhu provádí regulaci a kontrolu jednotlivých společností. Na národní banku se můžete obracet s případnými stížnostmi či reklamacemi. Je to jedna z mála možností, jak se vyhnout případnému soudu, pokud byste měli s vaším brokerem problémy.

Na co si dát pozor

Většina zahraničních obchodníků má ale svá sídla, mimo tradiční a především kontrolované země. Jsou to tzv. OFFSHORE obchodníci, kteří nepodléhají takřka žádným regulacím, ani žádné standardní bankovní regulaci. Řada těchto „obchodníků“ touží doslova vytáhnout peníze z naivních klientů. Proto pokud se rozhodnete obchodovat s většími částkami, v žádném případě nedoporučujeme využívat podobných neregulovaných firem, nebo dokonce jednotlivců, kteří obchodují například na tzv. PAMM účtech.

Obchodní platforma

Součástí služeb každého forex brokera je platforma, na které budete obchodovat a používat svůj účet. Většina brokerů využívá MT4. Existují ale i výjimky, které nabízejí své vlastní. Každá platforma by měla být přehledná a intuitivní a měla by obsahovat všechny informace, které pro obchodování potřebujete (přehled otevřených a uzavřených pozic, výpis z účtu…).

Výběr obchodní platformy, je ve vašich rukou. Ať už se rozhodnete pro ověřený software, nebo dáte přednost novince, vždy si pečlivě vybírejte. Může se zdát, že jde o drobnosti, ale ty v budoucnu, a zejména pak při reálném obchodování, rozhodnou o vaší spokojenosti.

Poplatky a spready

Nic není zadarmo a i brokeři se musí něčím živit. Hlavní zdroj příjmů forex brokerů jsou obchodní poplatky (spready). V současné době je však konkurence tak vysoká, že se většina obchodníků snaží u spreadu poskytovat co nejmenší rozpětí. Když se zaměříme pouze na EUR – USD, výborný a levný poplatek nacházíte v rozmezí 1 – 3 pipů.

Pro ukázku: je-li spread 3 pipy, aktuální BID cena 1.3126 a ASK cena 1.3129, nakupujete za ASK cenu a prodáváte za BID, kdežto broker to dělá naopak (jeho zisk).

Minimální částka pro otevření účtu

Toto je taktéž klíčová a podstatná část martýria kolem výběru brokera. Velcí brokeři se snaží držet minimální částku co nejvýše (větší zisk pro ně). Naštěstí zde existuje celá řada brokerů, kteří se zaměřují na klienty, kteří nevládnou velkým kapitálem.

V dnešní době se tak hranice pro otevření účtu může pohybovat kolem $100 - (2000 kč) na tzv. Mini a mikro účtech, kde obchodujete s 0.1 (10%) standardního lotu, nebo s 0.01 (1%) standardního lotu i mini účtů.

Velikost nabízené páky

Doporučuje se nepoužívat páku větší než 100:1 pro běžnou operaci a páku 200:1 pro malou operaci. Brokeři, kteří nabízejí mnohem větší páky, nemusí jednat ve vašem nejlepším zájmu.

Obchodní politika

Jaká je politika makléře ohledně půjčování na marži a požadovaných úroků, a jak se maržové požadavky mění pod tlakem okolností.

Poctivost a průhlednost

Žádejte průhlednost vašich transakcí a ujistěte, že vám váš broker neúčtuje více, než musíte skutečně platit.

Finanční pozadí

Jaké finanční pozadí má váš broker? Jsou vaše vklady v případě bankrotu pojištěny? Na stránkách každého brokera to jednoduše zjistíte. Tady platí známé heslo "důvěřujte, ale prověřujte."

Podpora

Měla by být na nejvyšší úrovni a zajištěna jak telefonem, mailem, tak i online formou.

Nicméně, pokud nezvolíte na poprvé zcela vhodně, podepsání smlouvy s brokerem není sňatek na celý život a je běžné, že obchodníci migrují mezi brokery podle potřeby nebo výhodnější nabídky relativně často. Technicky je to velmi jednoduché.

Co je to forex a jak funguje forex?

Obrovský měnový trh je pro průměrného jedince cizím pojmem. Ale jakmile se rozloží na jednoduché termíny, může i průměrný jedinec začít chápat trh zahraničních měn a využívat ho coby finanční nástroj pro budoucí investice.

Ať si toho jste nebo nejste vědomi, i vy hrajete nějakou roli v trhu zahraničních měn, také známého jako trh forex. Jednoduchá skutečnost, že máte ve své kapse peníze, z vás činí měnového investora! Hotovost ve vaší peněžence, peníze na kontě vašich úspor, hodnota vaší hypotéky, akcií, dluhopisů a jiných investic je vyjádřena ve vaší měně. Jste tedy investorem ve vaší domácí měně!

Forex je nejlikvidnější trh na světě

S obchodováním v hodnotě přibližně 1,5 trilionu (1 500 000 000 000$) denně je trh zahraničních měn největším finančním trhem na světě. Trh se zahraničními měnami byl tradičně dostupný jen bankám, správcům peněz a velkým finančním institucím. V průběhu let tyto instituce, obchodováním s měnami realizovaly velké zisky. Tento rostoucí trh je nyní spojen s celosvětovou sítí obchodníků s měnami, včetně bank, centrálních bank, makléřů a takových zákazníků, jako jsou dovozci a vývozci. Dnes trh se zahraničními měnami nabízí příležitosti zisků nejen pro banky a instituce, ale i pro individuální investory, jako jste vy.

Forex odráží především sílu ekonomik ve světě

Narůstající obchod a zahraniční investice stále více propojují ekonomiky všech států. Pravidelně hlášená ekonomická čísla po celém světě, jako je hladina inflace a nezaměstnanosti, a také neočekávané zprávy, jako jsou přírodní katastrofy nebo politická nestabilita, mění touhu po držení určité měny, čímž je ovlivňována mezinárodní nabídka a poptávka po této měně.

Naše volně směnitelná měna tak trvale kolísá vůči ostatním světovým volně směnitelným měnám. Současná síť mezinárodního obchodu a výsledná kolísání směnných kurzů už vytvořily největší světový trh - trh se zahraničními měnami, trh, jehož obrovitost ho činí nejefektivnějším, nejsolidnějším a nejvíce likvidním ze všech trhů.

Maloobchodní CFD forex brokeři

Se podílejí pouze na frakci celkového objemu na devizovém trhu, ale tato část je významná hlavně z hlediska počtu jednotlivých obchodů. Standardní služby zahrnují 24 h. Online obchodování s měnou, 100:1 leverage a obchodování bez poplatků. Většina brokerů nenabízí přístup k mezibankovní trhu. Místo toho, brokeři nabízejí nákup nebo prodej měny od zákazníků.

Brokeři však často nemají zájem o to, aby měli sami otevřenou pozici - někdy se transakce v případě mnoha zákazníků vyrovnají, někdy musí brokeři na jejich pozici použít hedging na mezibankovním trhu. Brokeři vydělávají peníze tím, že nabízejí bid / offer spread (nákup / prodej - kurzové rozpětí), který je větší než mezibankovní spread.

Dobrý broker je jedním z předpokladů úspěšného obchodování. V současnosti je na trhu množství brokerských společností, které nabízejí obchodování na devizovém trhu. Otevřít si obchodní účet je velmi jednoduchá záležitost, většinou do týdne můžete začít obchodovat. Horší je, pokud jste si vybrali nevhodnou brokerskou společnost a po čase přijdete na to, že jste si mohli vybrat i lepší. Existuje několik faktorů, které byste měli zohlednit při výběru brokerské společnosti.

Forex brokera

Správný výběr brokera je pro obchodování velmi důležitý. Na světě jsou stovky FX brokerů a jsou mezi nimi jak neseriozní firmy, tak i solidní nadnárodní společnosti. Proto je téma volby brokera velmi diskutované na všech forexových diskusních fórech. V této tabulce vám přinášíme srovnání ( první svého druhu v ČR i v SR ) nejčastěji používaných zahraničních i domácích brokerů. Pokud tedy s obchodováním teprve začínáte, najdete zde názory obchodníků, kteří již mají praktické zkušenosti. Pokud už patříte ke zkušeným obchodníkům, můžete se zde naopak o své zkušenosti podělit s ostatními a pomoct těm, kdo začínají a o volbě brokera se teprve rozhodují. Vysvětlení použitých zkratek najdete pod tabulkou. Po rozkliknutí názvu brokera se vám otevře detailní profil každého forexového makléře, kde na vás pak čekají další užitečné informace. Pokud se nemůžete rozhodnout nebo si s výběrem brokera nevíte rady, tak nám napište dotaz na náš email info@fxstreet.Cz a my vám rádi poradíme.

Co je to hedging?
Hedging je schopnost držet dlouhou (long) i krátkou (short) pozici ve stejném měnovém páru ve stejnou dobu na jednom účtu. Je to nevýhoda hlavně amerických brokerů, kde vzhledem k regulaci mají tradeři hedging zakázán. Podrobnější informace zde.

Co je to spread?
Spread neboli rozpětí, což je rozdíl mezi bid a ask cenou. Je to také poplatek brokera. Spread má na forexu pro investora důležitý význam. Podílí na obchodníkově zisku nebo ztrátě. Spready jsou počítané v pipech. Čím menší počet pipů, který požaduje broker za obchod, tím větší zisk obchodník udělá. Bid/ask spread pro EUR/USD je obvykle 2 pips, jestliže naleznete 1-2 pips, tak je to samozřejmě ještě lepší. Proto většina traderů volí brokera, který nabízí nejmenší spready. Existují dva druhy spreadů fixní a variabilní (proměnlivý).

Co je to MT4?
MT4 je zkratka pro metatrader, což je nejoblíbenější platforma pro obchodování na měnových trzích. Bližší informace o metatraderu a dalších oblíbených obchodních platformách naleznete v této sekci.

Co je to DD, MM, STP a ECN broker?
Podrobné vysvětlení těchto zkratek najdete v tomto článku.

Min. Účet
tato hodnota udává minimální velikost vašeho obchodních kapitálu, abyste mohli začít obchodovat s daným brokerem.

Popl.
Poplatky, které si účtuje broker za zprostředkování obchodu. Jde o poplatky nad rámec spreadu. Další poplatky si většinou účtují brokeři typu ECN.

Fin. Páka
velikost páky udává, s kolikrát větším účtem můžete disponovat a kolik bude váš margin. Bližší informace najdete v tomto článku . Poznámka k finanční páce: S ohledem na aktuálnímu nařízení ESMA momentálně brokeři neposkytují evropským neprofesionálním klientům finanční páku vyšší než 1:30. Uvedená finanční páka se vztahuje na profesionální zákazníky a neprofesionální zákazníci mají tedy maximální páku 1:30.

Jaký broker na začátek?
Obecnou diskuzi o výběru FX brokera najdete zde.

Doporučení: K prostudování a výběru správného brokera doporučujeme mimo jiné také tyto naše články:

Výhody a nevýhody amerických FX brokerů

Výběr FX brokera

Forex brokeři - jak správně vybrat

so, let's see, what we have: list of the best forex brokers for 2021 providing access to foreign exchange markets. Explore forex broker reviews, ratings, and trading conditions. At forex brokera