Top 5 forex brokers

Exness regulations check here

Exness: 0.7 pip. Check other pair's spreads
XM: 0.7 pip. Check other pair's spreads
Hotforex: 1.1 pips. Check other pair's spreads
FXTM: 1.7 pips. Check other pair's spreads

Best forex bonuses

TOP 5 BEST FOREX BROKERS IN 2021, top 5 forex brokers.

TOP 5 BEST FOREX BROKERS IN 2021. SEE FULL LIST NOW!

BRKV - every trader wants to find the best forex brokers. If you think the broker doesn't matter when trading, you're a fool. A broker plays as crucial a role in forex trading just as your strategy or tactic.

For example, you see a good price and decide to sell or buy, but the server of the broker is so slow that when your order is executed, the price has changed (we all know how fast the tide turns in this market) and you lose a chance to make profit, or worse, lose your money.

That's just one example to show the quality of the broker has a profound impact on our trades. Therefore, we all want to find the best forex brokers. After years of trading and testing many forex brokers, our experts from BRKV have come down to the top 5 forex brokers in 2021:

Exness: 9/10 learn more here

XM: 8.5/10 learn more here

Hotforex: 8.5/10 learn more here

FXTM: 8/10 learn more here

Forex.Com: 7.5/10

Continue reading to learn how these brokers are the best forex brokers in 2021.

Exness forex broker

Exness has long been the number one choice of forex traders all over the world. The reason is that they have a wonderful payment system that can process your transaction in the matter of seconds. Moreover, traders love exness because they are exceptionally transparent. Not only are they regulated but they also upload all of their financial reports on their homepage as an evidence of their transparency. Besides, exness also has very low trading cost for both regular and ECN accounts. Lastly, exness is the broker with the highest trading volume per month in the market. It represents the huge customer base of exness. There must be a reason why forex traders all come to exness, right?

XM forex broker

XM has long been a very famous name in the asian region, mostly thanks to many seminars and educational meetings they hosted in various countries in asia. XM is indeed very reliable. They are well regulated and don’t hesitate to set up offices in many countries in order to help traders as much as possible. As for trading cost, the new XM ultra low account offers really low spread that many traders like. In general, the best thing about XM is their customer service. They are indeed one of the best forex brokers in the world.

Hotforex forex broker

Hotforex is very reliable since they are regulated by 5 different financial organizations: FCA, DFSA, SV, FSCA, and FSA. When you trade currency pairs, you will find that hotforex's spread is not as low as that of exness or XM but still acceptable. If you trade precious metals, you will find that hotforex has the lowest spread in the market. One more thing that traders love about hotforex is that slippages rarely happen. Also, hotforex's main target is the asian market, so you can easily find their local offices in asian countries like thailand, vietnam, singapore, or indonesia…

FXTM forex broker

Forex time (FXTM) is a long time broker in this market. They sure have a lot of experience in taking care of traders. FXTM is regulated by cysec, FSCA, FCA and IFSC, so it is very reliable. They charge very low commission for ECN account, only $4 each lot. Moreover, they have really powerful servers that can execute your trades very quickly. This can help you avoid a lot of slippages. Finally, FXTM also has a great and strong customer care team. They are always ready to help you at anytime.

FBS forex broker

The most attractive feature of FBS broker is their bonus programs. They have everything: from welcome bonus to deposit bonus and lot-back bonus. Another feature that helps FBS stand out is the deposit/withdrawal system. It is very fast and only comes second to exness. FBS is also a broker who targets at the asian market, which makes them able to suppport aisan traders in many languages.

STANDARDS OF THE BEST FOREX BROKERS

I can see that many traders think choosing the right broker is easy. Just choose the one that has low cost, or the one that has licenses, or the one that has big bonuses. Well, they are wrong. The one with low spread may have high slippages. The one with big bonuses may have really slow servers. To choose the right forex broker, you must look at many aspects and factors. Sound like hard work, right? Fortunately, you’ve got BRKV here. After 5 years of trading with many different brokerages, I am confident to list down the 5 best forex brokers in my opinion. These are the standards that I use to evaluate them:

Trustworthy	trading costs	trading conditions	customer services
regulations	spread	accounts	payment system
historical activities	commission	quotes	local offices
trading volume	slippages	trading platforms	availability
rebate/bonus	leverage

And based on the standards above, I think those 5 I mentioned above are the best forex brokers of 2021. Now, let’s go over to see how they can meet all the requirements of the best fx brokers. Moreover, if five aren’t enough for you, check out this article about 10 best forex brokers in the world that I wrote earlier.

TRUSTWORTHY

Regulations of the best forex brokers

When talking about reliability, you mean security and safety. Can that broker keep your fund safe? Can it be trusted? What if it is a scam broker? How to know if a broker is reliable? The answer is regulation, my friends. Regulation is like a certificate that trusted and famous financial organizations in the world gives to brokers if the brokers can meet all the standards required. It represents standards, capabilities, and reputation of a forex trading broker. When a broker is regulated by those organizations, you can put your trust in them completely. All the 5 brokers I mentioned above have trusted regulations so there is no favorite one.

Exness regulations check here

XM regulations check here

Hotforex regulations check here

FXTM regulations check here

However, make sure that you know what kind of regulation your brokers have, because a regulation of an organization can only be applied to those in the same country. For example, a US regulation can’t provide any protection to traders from south africa or thailand. Regulation only means that that broker is reliable enough to work with. Therefore, a broker doesn’t have to have too many regulations. One trusted regulation is enough.

Trading volume of the best forex brokers

Another factor that can guarantee the credibility of a broker is their trading volume. If the trading volume of the broker is high, it means that there are many people trading with that broker. Look at the monthly trading volume of my 5 best forex brokers:

Exness: $785 billion

XM: $300 billion

Hotforex: $280 billion

FXTM: $108 billion

One more thing is how popular that broker is. If the broker is famous, it means they are big and rich, which makes them more reliable. I have these results from google keyword planner about the most popular forex brokers:

XM has around 40,000 search monthly. More details.

Exness has around 36,000 search monthly. More details.

Historical activities of the best forex brokers

Lastly, you should know things about your brokers in the past. For example, how they react to a certain event or crisis previously. Have they ever been accused with scamming? Or you can check their transparency. When it comes to transparency, no broker can beat exness. Exness even upload all of their financial reports on their website check here.

TRADING COST

It’s not easy to make money from trading forex, which we can all agree on, so we need to find brokers who require little cost to trade on their platforms. The trading cost is the total expense we calculate from two main factors, spread and commission, and others.

Spreads of the best forex brokers

First, I will compare the spread of the 5 brokers I mentioned above. I can guarantee you that their spreads are among the best in the forex market. I will show you the spreads of the most popular currency pair, EURUSD. For more pairs, click the buttons next to the brokers.

Exness: 0.7 pip. Check other pair's spreads

XM: 0.7 pip. Check other pair's spreads

Hotforex: 1.1 pips. Check other pair's spreads

FXTM: 1.7 pips. Check other pair's spreads

So, you can see that exness, hotforex, and XM are among the lowest spread brokers.

Commissions of the best forex brokers

Then, I’ll compare their commissions. All of them are commission-free for their regular accounts. For the ECN accounts, the commission rates are different. They have to charge commission for ECN accounts because the spreads then are nearly zero.

Exness commission	$2.5	more details
hotforex commission	$3	more details
FXTM commission	$2	more details

Swaps of the best forex brokers

Swap is a fee that brokers charge you for every position that you keep overnight. Normally, day traders or scalpers don't care much about swap because they always close their position within the day. Meanwhile, long-term traders, who hold positions for days or months, really want low swap. Here is how my best forex brokers calculate their swap, and I'm sure that they have the lowest.

Exness swap	lots x contract size x point size x swap short or swap long x number of days
hotforex swap	position size * (counterparty fee * internal interest fee) * pip value) / currency rate
FXTM swap	pip value x number of lots x swap rate x number of nights

Slippages of the best forex brokers

At this point, you may think that “hey, I also see many other brokers who have even lower spreads and commissions.” you are right. There are tons of brokers who offer lower, why do I choose these five? Like I have said earlier, the total trading cost you have to pay depends on various factors, which slippages.

Slippage refers to the difference between the expected price of a trade and the price at which the trade is actually executed. Slippage often occurs during periods of higher volatility when market orders are used, and also when large orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade. Therefore, when you consider a broker, you should also pay attention to their slippage.

Exness guarantees that there is no slippage on their platforms. XM says it hardly happens. I have traded with all these three and here’s what I can say about it. All brokers have slippages. It’s a natural thing in forex trading. The important thing is how much the slippage is. Is it lower than other brokers (I think slippages that are lower than 100 pips is good enough)? How do brokers compensate their customers? I think exness and XM are the brokers who can handle very well when it comes to slippages. Another thing I see that you really enjoy is bonus and rebate. Indeed they sound good in the beginning. But everything has two sides. If you’re not careful, bonus may be the bait of forex brokers to hook you. You can learn everything you need to know about bonus in my article best forex bonuses.

TRADING CONDITIONS

Trading products of the best brokers

Sometimes, people don't just trade currency pairs only. Sometimes the market can be very rocky, so traders must stay away from it for a while. That's when they turn to other trading products or different currency pairs. Therefore, a good broker must be able to offer traders various and diverse trading products such as: cyrptocurrency, commodities, precious metals, or cfds. So we'll give you the brokers with the most trading assets:

Exness: currency pairs, metals, cryptocurrencies, energies, indices, and stocks.

XM: currency pairs, stock, indices, commodities, cryptocurrencies, stocks, metals and energies.

IG: currency pairs, commodities, bonds, crytocurrencies, digital100s, options, indices, interest rates.

Accounts of the best forex brokers

There are 3 levels we can use to rank trades, which are: beginners, normal traders, and professionals. So, a great broker is the one who can provide different types of account for all types of traders. The conditions of the accounts of the 5 brokers I chose are similar. They all have 3 classes of account for each targeted trader type: mini/micro accounts, regular accounts, and ECN accounts for each type respectively. You can check each broker’s account here:

Click to check exness accounts

Click to check XM accounts

Click to check hotforex accounts

Click to check FXTM accounts

Leverages of the best forex brokers

Another factor you should know is the account’s leverage. Leverage is the tool that most traders in the world would love. Often, british, american, and japanese licensed brokers offer low leverage because they have to comply with these licenses of these countries. So as I mentioned above, brokers with many licenses are often less competitive. Among prestigious international brokers, the following forex brokers have the best leverage:

Exness: 1:unlimited for accounts that have under $1000 and have traded over 5 lots. For accounts that have more than $1000, the leverage is 1:2000. Learn morehere.

Hotforex: 1:1000. Learn more here.

XM: 1:888. Learn more here.

FXTM: 1:1000. Learn more here.

The most popular thing we trade in the forex market is currency pairs. Currencies are quoted in pairs. For example, the most common currency pair, EURUSD, is the euro versus US dollar pair. From the quote of this pair, we are able to identify the value of the euro compared to the value of the USD. For example, the quote is EURUSD = 1.1346, which means you have to pay an amount of 1.1346 USD to buy 1 euro. Each broker gets their quotes from different liquidity providers so you can understand that their quotes will be different as well. As traders, we should choose the brokers who can offer the best quotes. There are other factors such as requote, which you can find in this article best no-requote brokers.

Platforms of the best forex brokers

But one thing I would like to stress on is the trading platform of the broker. Currently, MT4 and MT5 are the two most popular trading platforms in the forex market. Every broker has those two trading platforms. However, their platforms are different in terms of execution speed and execution quality. These factors can affect your trading greatly.

For example, when you see good news and predict a good price, you log in to put in that price. However, there are many others who predict and log in as well, and the server is too weak so you order can’t be completed. Eventually, you miss a huge chance to make money. That’s why you need to do some tests first before trading with a broker. You can deposit a small amount of money into those brokers (like 10 or 20 dollars) and trade with them for at least a month. Also, try trading when there’s big news to see how their servers work and how much their slippages are. After testing by myself, I can give you 2 brokers that have very low slippage rates:

CUSTOMER SERVICE

Support teams of the best forex brokers

Forex trading is difficult. The best fx brokers must be able to support their customers at all time and in many different languages. Most brokers assist their clients via live chat or email. However, I think the most effective way is a face-to-face conversation. That means it is better if the broker has local offices in your country or region.

Exness seems to have the best support team. This broker has very strong sales, support, and marketing team who is always available to the local markets. Besides, their IB network is also very strong. Therefore, if you have any problems, just chat with them on the website, and you will get the response instantly. Moreover, exness supports clients 24/7.

You can find the contacts of my best forex brokers in 2021 here:

Exness contacts and local officessee here.

XM contacts and local officessee here.

Hotforex contacts and local officessee here.

FXTM contacts and local officessee here.

The payment methods of the best forex brokers

Last but not least, the payment system. You may think it is insignificant at first, but only when you really trade with a broker can you see how important it is. Most of the brokers are foreign, so you need to transfer and withdraw money overseas. That’s when the bank charge you transaction fees. Making money from forex is hard enough and now the banks take some from it? I don’t think so.

For example, when you transfer money via VISA card, it costs you 3 to 5% of the amount you transfer. The best fx companies must have various payment methods that are not only free but also convenient. Moreover, it needs to be fast. I used to have to wait days and weeks to withdraw my profit from a broker, which is really frustrating.

In this field, exness has no competitor. How can exness be so fast? Because exness has an automatic withdrawal system that has zero human intervention. The machines of course make it quickest possible. Moreover, exness also offers many local payment systems that are very convenient. You can deposit just $1 from your phone and it will take only 30 seconds and there is no fee at all. Yet the most advanced that only exness can offer is that you can deposit/withdraw even on weekends. This is why most of traders like exness. Here is my ranking:

Exness payment system learn more here

XM payment system learn more here

Hotforex payment system learn more here

FXTM payment systemlearn more here

CONCLUSION

In the end, I think this is the most accurate rankings of my 5 best forex brokers:

Exness: 9/10 learn more here

XM: 8.5/10 learn more here

Hotforex: 8.5/10 learn more here

FXTM: 8/10 learn more here

Forex.Com: 7.5/10

These five best forex brokers here are just the most suitable brokers for the major of traders. If you are still skeptical, you can open an account at each of them (they require very low minimum deposit). You can trade with them for 1 or 2 months to see if they really suit your trading style. I believe that you won't be disappointed.

Peter pan

Hey, I’m peter pan. I am a writer currently resided in thailand. For my forex experience, I have been trading with many forex brokers from all over the world for 5 years now. I hope that my articles about forex brokers can help you succeed in this market just like me.

South asian airlines are about to launch blockhain payment

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.

Top 5 best forex brokers 2020

Forex

Getting started in forex?

The forex (foreign exchange) market is almost similar to stocks market (share market) here we are going to discuss about the best forex brokers and also some key features about forex market which will help you to decide best forex broker and getting started your forex trading. As you have decided to walk as professional forex trader it will be never easy without understanding some areas in foreign exchange which will help you to understand the risk. It is also quite difficult to decide which broker will be suitable as there are so many online brokers providing the wide range of assets of trading in like cfds, currency, indices, crypto, spread betting and commodities.

How to choose best forex broker:

Low spreads account: spread is the commission which you pay per transaction or the difference between bid and ask rate of a currency pairs which we calculate on pips basis called spread. The wider the spread it will be the lower will be your profit. So before deciding a forex broker a proper due diligences are important and then open a low spread account.

Regulation: for assessing quality of a forex broker also depends on its regulation. It is most important part in choosing a forex broker that broker must be regulated by some authorities in that country. Some of the famous forex regulatory bodies are CYSEC, FCA, NFA, CFTC and ASIC. If brokers are registered with these regulators you can find their registration proof of brokers on regulators website.

User friendly platform: if you are choosing a broker they must have a user-friendly dealing system for trading it can be their own build up app or they must have mt4 and mt5 platform. They must have proper analyzing tools available to analyze the market for better forecasting of your trades. Not only these but they also should have a proper communication system like most of the good broker use 24*7 live chat support to resolve your issue then and their itself. Verification process must be fast. They must have different faster ways of getting deposit and withdraw your money from the account.

Leverage: you can define leverage as a loan broker provides you to trade with extra money than you have in your account. We will understand it better with an example like you have $100 in your account but broker will let you put the trade of value $5000 that means they are providing you a leverage of 1:500. Most of the brokers provides such leverage but it’s also important while you are trading there should be a negative balance protection provided by brokers against such margin calls. If you have small capital you can take benefits of leverage to make good profit but also remember higher leverage you use higher risk you take.

Best forex brokers for 2020

*risk warning: trading in forex/ cfds and other derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.

These are the 5 top forex brokers who offer the best platform for trading to all type of traders:

1. Bdswiss

Bdswiss is one of europe’s most trusted, and popular online brokerages that was awarded “best trading conditions” in 2019 by world finance. Launched in 2012, bdswiss may not be an industry veteran yet. But over its relatively brief existence, it has registered massive growth becoming one of europe’s most trusted, and popular online brokerages. It has not all been smooth sailing for bdswiss though…its growth from some 130,000 processed transactions in 2012, to more than 9 million in 2018, was fraught by missteps and mistakes. Some of these were high-profile ones. To its credit however, the company has always owned up to its mistakes and made amends where possible/needed. Such was the case of a 2017 run-in with cysec, which saw the operator pay out a EUR 150,000 settlement to the regulator, for various violations. While the overall user feedback originating from portals such as trust pilot is very positive. Open account with bdswiss.

Company name: bdswiss group

Platform: metatrader 4, metatrader 5

Payment methods: 148+ including credit card, wire transfer, skrill neteller, sofort, giropay and many more

Phone support: +442036705890

EURUSD spread: from 0.3 pips

Leverage point : up to 1:30 (cysec), up to 1:400 (FSC)

Managed accounts: yes (only FSC)

Bonus offer: cash credit (only FSC)

Withdrawal process time: within 24h / instant credit card withdrawals

Fees: no deposit fees, 10 EUR fee on any bank wire withdrawals under 100 EUR and any other types of withdrawals, except credit card withdrawals, amounting to 20 EUR or less.

– raw spreads from 0.0 pips

– live webinars by professional traders and market analysts

– VIP trading alerts by professional traders

– multi-licenced, multi-awarded broker

– +250 cfds / world-leading platforms

– does not accept US traders.

2. Avatrade

Avatrade provides a remarkably online brokerage service as well as a generous 40% welcome bonus on the initial deposit. Avatrade operates as a multi-national corporation, and it has regional offices and sales centers in dublin, paris, tokyo, milan and sydney. The company bases its administrative headquarters in dublin, ireland. Its official website is located at www.Avatrade.Com.

Company name: ava capital markets ltd

Regulator: ASIC, FSA, FSCA, IIROC, FFAJ

Platform: ACT and MT4, mirror trader, zulutrade, currensee

Payment methods: mastercard, VISA, JCB, paypal, neteller, webmoney, skrill (not AUS or EU)

Leverage point : EU – up to 30:1, professional client/ROW up to 400:1

Bonus offer: 40% new member bonus

Withdrawal process time: 1-10 business days.

Cfds offered: avatrade offers a large variety pf CFD instruments – trade commodities, indices, etfs, stocks, bonds and cryptocurrencies

– free online trading coach.

– official sponsor of manchester city.

– 24/7 cryptocurrency trading.

– A lot of educational material.

– does not accept US traders.

3. Octafx

Octafx is regulated under cysec and offers a 50% first time deposit this is a quite recently formed straight through processing (STP) ECN forex broker. They offers both the metatrader and ctrader platforms, all major currency pairs and commodities, leverage 1:500, a first time deposit match of 50% and a minimum deposit of $5. They have been operating since 2011 out of its main center in jakarta, indonesia. The company is also registered in saint vincent and the grenadines with license number 19776 IBC 2011 issued by the caribbean’s financial services authority or FSA. Octafx is regulated by cysec with the license number 372/18. Its official website is located at www.Octafx.Com

Company name: octa markets inc

Platform: metatrader 4, metatrader 5, ctrader

Payment methods: visa, bank wire, neteller, skrill, fasapay, local banks

Phone support: +442033221059

EURUSD spread: from 0.2 pips

Leverage point : up to 1:500

Bonus offer: 50% with every deposit

Withdrawal process time: within 24 hours

Cfds offered: metals, oils, indices

– 50% bonus with every deposit!

– some of lowest spreads in the industry

– ultra-fast trades execution

– instant deposits and fast withdrawals

– does not accept US traders

4. IC markets

IC markets has low forex fees. It also has an easy and fast account opening process, while depositing and withdrawals are free and user-friendly as well. On the negative side, IC markets has a limited product portfolio, offering only cfds and forex. We also received slow and irrelevant answers on live chat. Lastly, there is no investor protection for non-EU clients. Open account with ic markets.

Easy and fast account opening

Free deposit and withdrawal

Limited product selection

No investor protection for non-EU clients

High financing rate for cfds

Trading point holding, XM’s parent company, is a global CFD and FX broker founded in 2009. Trading point holding has two brands, XM and trading.Com. XM is available globally and is regulated by three financial authorities: the cyprus securities and exchange commission (cysec), the australian securities and investments commission (ASIC), and the international financial services commission of belize (IFSC). Open account with XM.

Low CFD and withdrawal fees

Easy and fast account opening

Only cfds, forex, cryptos for europeans

Fx hubs is dedicated to provide investors and traders with unbiased, absolute and complete reviews and ratings of online forex brokers. Our reviews are the result of several months of researching all features of an online broker’s platform, including the live trading experience, the quality of trade executions (no slippage), the assets available on their platforms, spread and fees, privacy, security, the mobile based application experience and customers service. We have build up a rating scale based on our criteria, we collected 1000s of data points and surveyed that we weighed into our rating systems. Forex signals hub

TOP 5 BEST FOREX BROKERS IN 2021. SEE FULL LIST NOW!

Exness: 9/10 learn more here

XM: 8.5/10 learn more here

Hotforex: 8.5/10 learn more here

FXTM: 8/10 learn more here

Forex.Com: 7.5/10

Continue reading to learn how these brokers are the best forex brokers in 2021.

Exness forex broker

XM forex broker

Hotforex forex broker

FXTM forex broker

FBS forex broker

STANDARDS OF THE BEST FOREX BROKERS

Trustworthy	trading costs	trading conditions	customer services
regulations	spread	accounts	payment system
historical activities	commission	quotes	local offices
trading volume	slippages	trading platforms	availability
rebate/bonus	leverage

TRUSTWORTHY

Regulations of the best forex brokers

Exness regulations check here

XM regulations check here

Hotforex regulations check here

FXTM regulations check here

Trading volume of the best forex brokers

Exness: $785 billion

XM: $300 billion

Hotforex: $280 billion

FXTM: $108 billion

XM has around 40,000 search monthly. More details.

Exness has around 36,000 search monthly. More details.

Historical activities of the best forex brokers

TRADING COST

Spreads of the best forex brokers

Exness: 0.7 pip. Check other pair's spreads

XM: 0.7 pip. Check other pair's spreads

Hotforex: 1.1 pips. Check other pair's spreads

FXTM: 1.7 pips. Check other pair's spreads

So, you can see that exness, hotforex, and XM are among the lowest spread brokers.

Commissions of the best forex brokers

Exness commission	$2.5	more details
hotforex commission	$3	more details
FXTM commission	$2	more details

Swaps of the best forex brokers

Exness swap	lots x contract size x point size x swap short or swap long x number of days
hotforex swap	position size * (counterparty fee * internal interest fee) * pip value) / currency rate
FXTM swap	pip value x number of lots x swap rate x number of nights

Slippages of the best forex brokers

TRADING CONDITIONS

Trading products of the best brokers

Exness: currency pairs, metals, cryptocurrencies, energies, indices, and stocks.

XM: currency pairs, stock, indices, commodities, cryptocurrencies, stocks, metals and energies.

IG: currency pairs, commodities, bonds, crytocurrencies, digital100s, options, indices, interest rates.

Accounts of the best forex brokers

Click to check exness accounts

Click to check XM accounts

Click to check hotforex accounts

Click to check FXTM accounts

Leverages of the best forex brokers

Exness: 1:unlimited for accounts that have under $1000 and have traded over 5 lots. For accounts that have more than $1000, the leverage is 1:2000. Learn morehere.

Hotforex: 1:1000. Learn more here.

XM: 1:888. Learn more here.

FXTM: 1:1000. Learn more here.

Platforms of the best forex brokers

CUSTOMER SERVICE

Support teams of the best forex brokers

You can find the contacts of my best forex brokers in 2021 here:

Exness contacts and local officessee here.

XM contacts and local officessee here.

Hotforex contacts and local officessee here.

FXTM contacts and local officessee here.

The payment methods of the best forex brokers

Exness payment system learn more here

XM payment system learn more here

Hotforex payment system learn more here

FXTM payment systemlearn more here

CONCLUSION

In the end, I think this is the most accurate rankings of my 5 best forex brokers:

Exness: 9/10 learn more here

XM: 8.5/10 learn more here

Hotforex: 8.5/10 learn more here

FXTM: 8/10 learn more here

Forex.Com: 7.5/10

Peter pan

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Many forex traders prefer to work with ECN brokers because it means more liquidity, faster execution, and accurate pricing. According to some experts, true ECN forex brokers are the real future as far as forex trading is concerned. If you are new to forex trading, this may be confusing to you. Read on to learn more about ECN forex brokers, the advantages of trading with them, and a few top true ECN forex brokers.

ECN forex trading – what is it

ECN translates to electronic communication network and it enables forex trading. In this electronic system, the orders entered by the market makers are distributed to several third parties. The orders may be executed in part or full.

The ECN network connects liquidity providers (for example, major banks) and retail traders through an online broker. The ECN network makes use of a sophisticated technological system referred to as financial information exchange protocol (FIX protocol). The ECN brokerage makes money by charging a commission on each trade. So, for higher returns, the network has to encourage trades to do more transactions.

True ECN forex brokers

info	bonus	open account
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: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS	30% forex deposit bonus	visit broker
min deposit: $250 spread: as low as 0.1 pips leverage: up to 400:1 regulation: ASIC australia and FCA UK	visit broker
min deposit: $100 spread: starting 0 pip leverage: 500:1 regulation: FCA UK, FSA (seychelles), cysec	visit broker

Advantages of trading forex with top true ECN forex brokers

There are many advantages of trading with ECN brokers. Some of the key advantages are as follows:

If you choose to trade forex on an online platform provided by an ECN broker, you can be sure of the fact that others will not get to know as to who you are. Anonymity enables you to execute trades using neutral prices which reflect the true market conditions. The client’s trading direction – based on certain strategies, tactics, or market positions – will not bias the broker.

Instantaneous execution of trades

As trading takes place on the basis of prices, you get the best executable prices and the order gets confirmed immediately. Further, there are no re-quotes because ECN brokers are no-dealing desk brokers.

This type of broker does not offer fixed spreads. They offer variable spreads. This is because ECN forex brokers do not have any control over the bid/ask spread. Therefore, they cannot offer the same spreads at all times.

If you follow a risk management system or trading model of your own, you can connect the same to ECN brokers’ data feed. This means that you will have access to the best bid/ask prices and certain other data.

Access to liquidity providers around the globe

With ECN brokers, you get access to global liquidity providers such as leading world banks and other financial institutions.

Finally, an ECN forex broker only matches the trades between the participants. They cannot trade against their clients. This is something very important. Many people are people worried about brokers, especially the market makers, trading against them.

There are not many drawbacks as far as ECN brokers are concerned. They charge a fixed fee as commission, but it is cheaper and more transparent compared to that charged by the market maker. Another disadvantage is that it is difficult to calculate stops and targets on an ECN platform. This is because the prices keep changing and they offer variable spreads. The possibility of slippage is also there, particularly when sessions overlap.

Tips on how to choose a true ECN forex brokers

Now that you know a little bit about forex trading with ECN brokers, you might want to know how you can choose a true ECN broker. It is highly recommended that long-term traders should consider working with ECN brokers as they do not trade against customers. As with anything else in life, all brokers are not the same you can find out if the broker is really an ECN broker or not by asking the following simple questions:

Does the broker make any mention of a dealing desk anywhere on their website?

Does the broker change the spreads during news announcements? You may have to open a demo account and a real account in order to find this out. A true ECN broker will never change the spreads during news reports.

Is the broker offering fixed spreads or variable spreads? True ECN forex brokers never offer fixed spreads. They offer only variable or floating spreads.

What about negative slippage? The answer to this question is a no in the case of true ECN brokers.

Having understood how to identify true ECN brokers, here are some of the recommended true ECN forex brokers you can consider working with:

so, let's see, what we have: ✅ [the best forex broker] to properly make a comparison, ✅ you need to look at the core of the brokers. ✅ the best forex broker tends to be the one who focuses on traders, keeps improving their trading conditions to help traders earn money, and does not concentrate on short-term profit as well as pay IB more money to attract customers. At top 5 forex brokers