Top rated forex brokers

Kiexo christopher borodin 29 january, 2021 reply read our extended forex guide to find out how to choose the best forex broker 2021.

Best forex bonuses

Forex Rating - Best Forex Brokers 2021, top rated forex brokers.

Forex rating - best forex brokers 2021

Forex rating is the easiest way to choose the right forex broker from many of online trading companies. Hundreds of companies operate in the fx market, but if you want to succeed in the field of forex trading it is essential to make the right choice from the very beginning. Our main goal is to rank, evaluate and compare forex brokers. We invite you to take part in determining top forex brokerages companies each month.

* forex broker rating accepts no liability for any errors in the information, trading conditions and forex reviews. For the most recent information please visit the company's site. Forex rating rates participants by the actual number of votes. Monthly rating results can be found in our statistics section. Detailed analysis of the monthly winners is published regularly in our forex brokers section. We also provide an opportunity to compare companies. If you want to compare several brokerages or analyze trading conditions, please use our free comparison and research tool which will vividly show you the main benefits of the best forex brokers. Whether you are looking for a qualified ECN or PAMM broker to invest or to manage your funds, our interactive platform will list the optimal top 10 brokers available.

Forex brokers’ reviews for 1 february, 2021

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Our professional support team and account managers are here 24/7 to help you with any trading account, tools, assets, platform, or trading questions, around the clock. Just give us a call, email us, or drop us a message on our live chat, and we'll be happy to help. We can even give you more information regarding upcoming events on how to best track them or where to find them.

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Take a researched, confident step into the markets, by getting to know all there is about trading cfds. Discover more about excentral's five asset classes by going over our free and easy ebooks and following our video tutorials. Go deeper into the trading pool, by improving your technical and fundamental analysis skills with our trading strategy tutorials. And for trading's sake, make sure to book your place for excentral's next webinar, for a shot to get to know michalis better. Or schedule your 1-on-1 with him instead.

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Forex ratings standards of fairness and credibility 2021 . Due to years of joint work and co-operation with established professional traders, forex-ratings.Com is by right known as one of the most reputable and credible global forex brokers’ rating. Forex-ratings.Com continuously works on the applied methodology of selecting, evaluating and rating forex brokers with due attention to the highly dynamic nature of the forex market development. Naming and ranking of the top forex brokers are based on the analytical approach to the data array comprising various parameters of the brokers’ business activities. One of the key elements of objective assessment is the feedback from fx traders regarding their interaction with our site. The interactive system is an integral part of the ever-evolving online platform.

Forex rating methodology . The evaluation system of forex rating is based on the results of the site's visitors' voting: the results can be taken for any period of interest (day/month/year). The listing participants are ranked in accordance with the actual number of positive and negative votes expressed as percentage. Remarkably, on the first day of every month all the voting figures are reset and voting starts anew to provide equal rights to all the rating participants in their strive to the top.

Forex forecasts

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the top 10 forex advisors including equilibrium, excalibur, night owl.

Top 10 forex advisors 2021

Read our extended forex guide to find out how to choose the best forex broker 2021.

Convert one forex currency to another, calculate foreign exchange rates using our free currency converter and calculator tool.

USD/JPY keeps the positive view and could attempt a move to the 104.75 in the next weeks, suggested FX strategists at UOB.

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Oil prices were steady on friday, sticking to ranges seen over the past three weeks, as investors looked for signs of changing.

List of the best 23 forex brokers | trusted reviews

Are you looking for a good and serious forex broker? – then this page is the right place for you. Thanks to the large selection on the internet it is often difficult to make the right decision. With more than 7 years of experience in the financial markets, we present you with the best providers with top service and without hidden costs. Find out in the following texts how to select a secure forex provider and which online broker offers the best conditions.

Broker:	review:	regulation:	spreads:	assets:	advantages:	open account:
1. Bdswiss	(5 / 5) ➜ read the review	cysec, FSC	starting 0.0 pips + $ 2.0 commission per 1 lot	250+ (50+ currency pairs)	+ individual offers + trading signals + raw spreads + leverage up to 1:500 + best education + personal support

Watch our full video review about the best forex brokers (risk warning: your capital is at risk):

Strict criteria for the forex broker review

In contrast to many other comparison sites, we present you on this website only the safest providers with the best conditions for traders. As experts with many years of experience, we have tested many forex brokers and still use some of them. A good provider should have certain characteristics that guarantee good and safe investing.

It is not uncommon to hear of fraud on the internet. This is to be avoided by this comparison. In addition, one would like to save on charges as a trader because the costs for the trade reduce of course the actual profits. Also, the security of customer’s money is of high priority. A regulation or license, for example, is urgently needed for secure trading with international brokers. All these criteria and many more are included in the test. Therefore we can present you on this page the best forex brokers in a list.

Proven facts for a good forex broker:

Regulation and license of an official finance authority

High safety of customer funds

Fast and reliable market execution

Small forex trading fees and no hidden fees

No requotes (high liquidity)

User-friendly trading platform

Free and unlimited demo account

Professional support

Fast deposit and withdraw methods

How does a forex broker work?

A forex broker is an intermediary between a client (trader) and the interbank market for currencies (wikipedia). In addition, the broker can lend capital to the trader so that he can trade with leverage. The broker’s income is generated by the spread and the cost of financing the leveraged positions.

There are 2 different models of brokers: market maker and ECN/NDD broker

Example of live spreads for forex brokers

Market maker:

This broker does not place the trader’s orders directly into the real interbank or spot market. There is an internal matching system between the positions of the traders. Of course, the broker can hedge himself on the real markets so that there are no distortions in supply and demand. In most cases, this system can be opaque, and only as a broker employee, you know the exact functions. A market maker forex broker is not bad or scam. Nowadays, most providers offer good and exact executions.

ECN/NDD (no dealing desk) broker:

ECN and NDD mean direct access to the interbank market through various liquidity providers. These are large banks or very large forex brokers. The provider places the trader’s orders directly into the real market. So the customers get direct and real market prices for trading. With this model, there is no conflict of interest between trader and broker. Zero (no) spread accounts are offered.

Warning: only trade with regulated and licensed forex brokers

Security has the highest priority in online trading. When it comes to trading leveraged financial products, you have to be able to trust the forex broker. It is not uncommon for large sums of money to be used to generate a large profit. For example, brokers in europe must have regulations or licenses if they want to offer their services. The regulation can be in any european country. The same or almost the same requirements apply to brokers everywhere. In order to avoid fraud, it is important to look for such a license.

Licenses are only issued under certain conditions and criteria. If a broker violates these conditions, the license may be withdrawn immediately. All tested companies of mine are always concerned to keep the highest criteria and to guarantee a safe trade. Many brokers, for example, are regulated in cyprus. This has tax advantages. Nevertheless, there are also forex brokers with more than one regulation. The various regulatory authorities can be seen in the table above.

Facts of reliable and secure companies:

Regulation and license

Separated customer funds

Regulated deposit and withdrawal methods

Using well-known banks

Large liquidity providers

Another important point for serious trading is the security of customer funds. Payouts of winnings or the deposited amount should work smoothly. It was not uncommon for some brokers to speculate on customer funds themselves. In the end, withdrawals were refused or delays occurred.

How risky is forex trading?

Forex trading is managed by leveraged financial products. That means you are able to trade a bigger contract size than the amount of money in your account. Some brokers offer the leverage up to 1:3000. Many traders are afraid of the obligation to make margin calls and this is not without reason as the past has shown. Account balances could slip into the negative balance. This is possible due to extreme market situations and too large a position size in relation to the account balance.

The providers shown above all have no obligation to make additional contributions (except IC markets and vantage FX). With the providers in the upper table, you are therefore protected against such a scenario. In our experience, this can only happen if the account is too heavily leveraged. You should always beware of sensible risk management.

Beginners should always start with the free demo account to practice forex trading.

A demo account is essential for successful trading. The trading column form and conditions can be tested extensively with this account. It is a virtual credit account that simulates real money trading. It can be traded without risk. This means that new strategies can be developed or new markets tested. The demo accounts of the compared providers are completely free and unlimited. This account is best suited for entry into forex trading.

How to deposit and withdrawal money:

For most traders, the first deposit into their account is very exciting. It should work smoothly and be highly secure. Forex brokers offer well-known and proven payment methods. Capitalize the trading account with electronic methods (credit card, e-wallet, paypal, crypto) or with the classic way of bank transfer. Electronic methods work in real-time and the money is credited directly to the trading account. Trading can be started immediately. The minimum deposit at the compared brokers is very low. For example, you can open an account from as little as 1$. If this is worth it, you have to decide for yourself. There are no fees for deposits.

Example of payment methods of a forex broker

The payout is also very uncomplicated. With a few clicks, you can request a withdrawal on the menu. This is then released in 1-3 working days. However, most brokers payout customer money in less than 24 hours. All presented brokers passed this test. The fees can be high for small payouts. With payments over 200$, the most forex brokers take over the fees but some brokers do not charge any commissions.

Facts about the payments:

Instant deposit of money

Fast withdrawal within 1 – 3 working days

Electronic methods (skrill, neteller, paypal, and more)

Cryptocurrencies

Bank wire

Not every country is available for forex trading

Not every country is available for forex brokers and trading. This is because there are some restrictions and special regulations. For example, in some countries, an international broker needs a special license for that specific country. So it is too much afford for some companies to get the license and they stop taking clients from these countries. You can clearly see on the homepage which clients they accept. Not many brokers accept clients of the united states of amerika.

From my experience, the fastest-growing countries are in africa and asia. Because of the development of mobile internet, more people get connected to the forex market. India, nigeria, philippines, malaysia, and china are at the moment the fastest-growing countries.

Is forex trading legal?

Forex trading is fully legal if there is not any ban from the government. Forex trading is just changing money into another currency. This is not an illegal practice. The brokers on my review got official regulations so they act fully legal.

Review conclusion: start trading with a reliable forex broker

On this page, we have presented you with our current list of the top 23 forex brokers in comparison. Now you have a selection of good and reputable companies in front of you. It was particularly important to us that we only present providers here, which we have tested by ourselves with real money. This is not the case with most comparisons.

Profit now from the most favorable fees and the best conditions by my experience of many years. With these providers, you are 100% safe and can take your forex trading to the next level.

We hope you could learn something in this comparison and act now with better providers through my recommendations. If you can’t make up your mind, please also read the reviews.

Successful forex trading requires a good and reliable broker. In this review, we showed you the top 23 secure forex brokers. Now you can choose your professional trading partner.

Recommended top 10 forex brokers rating and reviews

Narrowing down the number of forex brokers to just the top 10 forex brokers in the world is complicated. However, we have made a list of the top 10 forex brokers and as with the previous lists; it took vast amounts of forex education.

Many of the experts who provide most of the forex education on our site made the top 10 forex brokers in the world list. They included in this process, many important things you should know.

Read on to find out how we know that this list contains only the best of the best.

1. Forex ratings

This is something we do mathematically. Calculating points is not an easy feat. We base it on so many things. Among them, one is forex education. To understand what it’s like to come up with a rating system, you first need to know what’s important.

When picking the top 10 forex brokers in the world, there is a criterion. The criterion helps us categorize features, services, and versatility.

Here is a list of some of the most important things we consider:

Regulation authorities

How old is the company?

Offices and branches

Commissions and spreads

Analytical services, reviews, and forecasts

Customer reviews

News about the company

ECN and PAMM accounts availability

Forex competitions

Education for free

Number of payment systems available

Automated withdrawals

Website performance

After doing the ratings, it becomes very easy to pick the names on our top 10 forex brokers in the world. As you can see, it is exhaustive. We examine all the angles we know you care about as the customer.

2. Customer reviews

This is a big part of something that we call ‘ social proof ’ in the world of digital marketing. The word of someone who has used service is worth more than an advert. We read through reviews left by customers to compile an acceptable top 10 forex brokers in the world list.

Reviews make up some points we use in the rating system. However, on their own, they represent accuracy. You want to know that the people telling you an FX broker is good to have the first-hand experience.

Reviews help with:

Providing a cautionary step before you take any action

Giving you social proof

Assuring you of credibility

Confirming the reliability of a company

We read as many of them as possible to form a clear picture of a company.

3. Reputation

The reputation of a company can help you know about it even before you meet anyone from there. Some of these companies are on the top 10 forex brokers in the world list because of reputation.

Several trusted financial authorities, experts in the forex market and customers speak well about them.

Most of these top 10 forex brokers get their name out there by doing things that include offering free forex education on their websites. We look out for where they get mentioned, why and the impression we get from that.

Read on to find out which ones will be the best for you.

4. Regulation authorities

When it comes to forex brokers, we always want to know that they are regulated. When they are not, it becomes a problem because this lack of regulations opens up doors for fraudulent operations.

Before you sign up with a broker, always make sure that they are appropriately regulated. When you check the bottom of the website for any broker, you will find a license number, if they are genuine.

If you do not see it, ask them for it or avoid them because that is a red flag that they may not be who they say they are.

If they have the number, just copy it and check for their name on the website of the regulator that they claim oversees them. If you do not find it, you should know that they are lying. Some of the most well-known regulators in the world are:

ASIC – australian securities and investments commission

Bafin – the bundesanstalt für finanzdienstleistungsaufsicht (germany)

CFTC – commodities and futures trading commission (united states)

Cysec – cyprus securities and exchange commission

FCA – financial conduct authority (united kingdom)

FFMS – federal financial markets service

FINMA – swiss financial market supervisory authority

FMA – financial market authority (austria)

FSA – financial services agency

FSB – financial services board (south africa)

Financial services commission – BVI

Financial services commission (FSC) – mauritius

IFSC – international financial services commission

FSP NZ – new zealand financial service provider

ISA – israel securities authority

MFSA – malta financial services authority

SEBI – securities and exchange board of india

VFSC – vanuatu financial services commission

UAE – abu dhabi central bank

With these, you can never go wrong. If the broker is not certified by them, they do not qualify for our list of the top 10 forex brokers in the world. The more the regulation, the better. However, it is not the only metric that makes the companies qualify.

5. Commissions and spreads

The opportunity for a broker to take advantage of you comes in when they do not come clean about the charges. When we look at the commissions and spreads, we want to see them at the industry standard or even lower than usual.

To be clear, we do not pick the top 10 forex brokers in the world because of unusually low fees. The trading fees need only to be reasonably low and not too low. When the deal starts to look too good, always be careful because that is a sign of a scam broker trying to get you.

In picking the top 10, we look at the brokers with the lowest spreads among the points that we look at. When they allow you to make profits reasonably, we add them to our shortlist as we check the other things.

Sometimes, the brokers might advertise a low spread and not have it. In most markets, the aim for most traders is to look for the lowest spreads because they allow you to trade cheaply. So, we make sure to look at the validity of the claims before picking them for this list.

The trader wants to have a profitable strategy that will allow them to lower the transaction costs, as much as possible. Since the spread is the difference between the bid and asks prices, standard accounts will try to charge as much as they can without oppressing the trader too much.

6. News about the company

Knowing as much about a company as possible, require that we look through their past to make sure that they are not hiding something that could be potentially damaging to the clients that they serve. The top 10 forex brokers in the world are the ones with a good track record.

Any company that is worth making it to the list would be in the news in one form or another. We also check what the people who signed up for it say. This helps us have a clear picture of what a company is all about so we can give you accurate information when we compile the top 10 forex brokers list.

7. Education

Most of the top forex brokers in the world know that education for their customers is an essential thing. So, it is not uncommon to find that they provide it. Even the most professional traders know the value of information and will check information before they make a decision.

Having all the information you need for any of the things you need to do in the market is handy. Education forms the backbone of all traders who make it in the market.

8. ECN and PAMM accounts availability

Many of you do not know where to look when trying to find the best ECN brokers online. In our list of the top 10 forex brokers in the world, we have listed some of them who have ECN accounts. With these accounts, you get direct access to liquidity providers.

PAMM accounts are a little trickier. With them, you make use of other traders who are more competent than yourself. They trade on your behalf, for a percentage of the profits. To be on the safe side, you should not go independent when it comes to this.

We have listed the best companies that offer access to this service, it allows you to make money without having to do all that work or take risks as a novice who may not be able to thrive in a competitive market.

To wrap up

The process of picking the top 10 forex brokers in the world is not an easy one, but we had fun doing it because it allowed us to know more about an industry that is one of the biggest in the world. As a trader, you will be safe when you go with any of these choices.

To make sure that no one has to fall prey to scams, we also prepared lists for those who want to know how to avoid scams, lists of true ECN accounts and other reviews that will complement this one to create a fuller picture that will make sure you are adequately prepared when you step out into the world of forex as a trader.

Best metatrader brokers 2021

The forexbrokers.Com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Having used metatrader 4 (MT4) and metatrader 5 (MT5) for more than a decade, I wanted to create a comprehensive guide for traders. In this guide, I will breakdown the best brokers for metatrader 4 and answer the most common questions about the trading platform.

This MT4 guide starts with basics that will help beginners and then progresses to more advanced topics, such as social copy trading and using automated trading systems.

Best metatrader (MT4) brokers

IC markets - best overall for metatrader

FP markets - full metatrader suite, competitive pricing

XM group - metatrader with custom indicators

Pepperstone - metatrader suite with addons

Fxpro - metatrader suite, average pricing

Vantage FX - metatrader suite, great pricing for higher balances

Swissquote - metatrader suite, swiss bank

Best overall for metatrader - visit site

IC markets caters exceptionally-well to algorithmic traders through its commission-based accounts. Third-party research and trading tool plugins are part of the IC markets metatrader platforms offering, making it our number one metatrader broker in 2021. (74-89% of retail investor accounts lose money) read full review

Full metatrader suite, competitive pricing - visit site

FP markets' low effective spreads (raw ECN account) combined with its platform add-ons and access to over 130 tradeable symbols is a winning combination in 2021. Like other best MT4 brokers, the full metatrader suite is available. (the vast majority of retail investor accounts lose money) read full review

Metatrader with custom indicators - visit site

XM group is a vanilla metatrader broker that offers the complete metatrader suite, along with a few notable upgrades to enhance the experience, in addition to custom indicators. Trading tools aside, XM group’s research offering is rich with depth and variety, challenging industry leaders such as IG and saxo bank. (77.55% of retail investor accounts lose money) read full review

Metatrader suite with addons

While pepperstone offers a small set of tradeable products, it provides one of the largest selections of third-party platforms, including multiple social copy trading options. Pepperstone's smart trader tools module, developed by FX blue LLP, brings a dozen platform add-ons that enhance the default metatrader experience if you have a balance of over AUD 500. (between 74-89% of retail investor accounts lose money) read full review

Full metatrader suite, average pricing - visit site

Besides offering the full metatrader suite, fxpro stands out for its execution methods, with both agency and market-maker execution available by account type. While not a discount broker, fxpro does offer an active trader program that can help high volume traders reduce their trading costs. (80.59% of retail investor accounts lose money) read full review

Metatrader suite, great pricing for higher balances

Vantage FX offers the full metatrader suite, which includes the smart trader add-ons. While not a discount broker on its main accounts, if you deposit $20,000 to access the PRO ECN account, vantage FX offers low effective spreads with commission comparable to pricing leaders. (74-89% of retail investor accounts lose money) read full review

Metatrader suite, swiss bank

Traders willing to pay a premium to have their brokerage account held with a swiss bank choose swissquote for its competitive, multi-asset offering. Like its competitors, swissquote offers the full metatrader platform suite. (79% of retail investor accounts lose money) read full review

Metatrader 4 brokers list

Is metatrader 4 a broker?

No. Metatrader 4 is a third-party trading platform that connects to a broker for forex trading. Metatrader 4 is the most popular third-party platform for trading forex. Alongside MT4, ctrader is another popular trading platform.

Instead of metatrader, some brokers build their own custom trading platforms in-house. Based on assessing 27 brokers in our 2021 review, the best forex brokers offer proprietary platforms.

Metatrader platforms comparison

Using data from our forex broker comparison tool, here's a comparison of the metatrader platforms offered by the best MT4 brokers.

Feature	IC markets visit site	FP markets visit site	XM group visit site	pepperstone
proprietary platform	no	no	no	no
desktop platform (windows)	yes	yes	yes	yes
web platform	yes	yes	yes	yes
social trading / copy-trading	yes	yes	yes	yes
metatrader 4 (MT4)	yes	yes	yes	yes
metatrader 5 (MT5)	yes	yes	yes	yes
ctrader	yes	no	no	yes
duplitrade	no	no	no	yes
zulutrade	yes	no	no	no

Who created metatrader?

Founded in 2000, metaquotes software corp is the developer of metatrader4 (MT4) and metatrader5 (MT5) software. The metatrader suite, which is licensed by brokers and offered to traders, is one of the most widely used trading platforms for retail forex and cfds trading globally.

How do I get a broker for metatrader?

We spent three months testing 27 different forex and cfds brokers, then compiled a list of the best metatrader 4 brokers. Our top pick for 2021, IC markets, offers the full metatrader suite alongside competitive pricing, add-on trading tools, and quality market research.

Once you decide on a broker you want to use for MT4, you simply open and fund a brokerage account. Thereafter, you can start trading forex and cfds with MT4. Alternatively, most brokers offer demo accounts so you can use virtual funds to practice trading before funding with real money.

What is the difference between MT4 and MT5?

Metatrader 4 (MT4) is based on a prior generation (version) of software, whereas metatrader 5 (MT5) is the latest version. In addition to cfds and forex trading, MT5 can support stock trading and futures trading, making it more of a multi-asset platform.

MT5 also includes advanced functions like utilizing cloud-storage to run strategies and to conduct backtesting. With MT4, backtesting must be done locally or through a virtual private server (VPS).

Overall, while MT5 looks and feels similar to MT4, MT5 is a more modern, faster trading platform. Despite the underlying advantages of MT5, MT4 is still more widely available and used.

Metatrader charts

Both metatrader 4 and 5 provide an easy-to-navigate layout. For charts, 31 different charting tools are provided alongside 51 technical indicators, providing traders a good starting point for performing basic technical analysis.

In terms of layout, customizable chart templates can control how default charts appear. Traders can save all their charts into a profile so the entire workspace is backed up, including all trend lines and chart configurations.

Lastly, it is worth noting that a web-based version of both MT4 and MT5 are available, although the web-based versions are not offered by all brokers and do not support automated trading as the desktop versions do.

Does metatrader support copy trading?

The signals market available on the MQL5 community enables users to copy the live trades of approved signal providers. Also known as social copy trading, each signal provider charges a different subscription fee for access.

Does metatrader support automated trading systems?

Yes. Expert advisors (eas) are used in the MT4 and MT5 platform to run automated trading systems. An EA will either be a copy of the original .MQ4 file that contains the source code, which can be modified, or it will be an .EX4 (executable) file of the same code, which cannot be tampered with and is often chosen by those who want to distribute their strategies without revealing their source code.

Most eas have a range of customizable parameters that let users specify the position size and risk/reward-related attributes, among other elements, that may be configured before automated trading is enabled.

Does metatrader support developers?

Today, MT4 and MT5 have extensive documentation, codebase, and articles to help developers create algorithmic trading systems. The metaquotes language (MQL) syntax enables programmers to create automated scripts and trading systems.

The proprietary MQL language supports custom scripts, utilities, libraries, indicators, and automated trading strategies known as expert advisors (eas). The metatrader developer ecosystem continues to evolve each year.

Does metatrader support backtesting?

Backtesting, or using historical data to assess how a strategy would perform in the past, is an important part of assessing the quality of any automated trading system. With MT4 and MT5, backtesting enables traders to see how an EA would have performed over a historical period of time for a requested instrument, e.G., currency pair.

When an EA is built and then tested on historical data for the first time, this is known as testing on out-of-sample data, which means the EA has never used these historical prices (in which case the result will not have the benefit of hindsight).

What are the risks of backtesting?

While backtesting is used by traders, it is also used by the signal creators too. Some developers may optimize their strategies over a historical data set (i.E., run it multiple times over the past three months of EUR/USD tick data) on purpose, which can lead to curve-fitted results.

While there can be some benefits to optimizing a strategy using historical data, results of a curve-fitted strategy can be misleading as only the best trades are cherry-picked, and the results of forward-testing the same strategy can be significantly different. Therefore, forward-testing a strategy can be even more important than backtesting it, before the value of results can be assessed.

Is automated trading with metatrader risky?

Yes. Experts, which are automated trading systems in MT4 and MT5, are built by traders and rely on backtesting to prove their profitability. As the famous market adage says, "past performance is not indicative of future results." the problem with automated strategies is that they rely on the benefit of hindsight bias. The reality is that very few trading systems are profitable over the course of an entire year.

Therefore, while there can be pros to using an automated strategy, traders must be aware of the pitfalls and know how to assess any strategy before using it to manage their investment capital.

Here are several tips to help you select a good automated trading strategy:

Research and learn the trading methodology (strategy) the expert advisor follows for their automated strategy.

Backtest the strategy across multiple instruments/timeframes, if possible, and examine its historical performance (if available).

Compare the subscription cost and historical performance to similar automated strategies.

Once you decide on a strategy, test the strategy with a small amount of capital first, then slowly increase your investment size over time.

Which MT4 broker is the best?

When it comes to forex trading on metatrader 4 (MT4) in 2021, the best MT4 broker is IC markets. IC markets offers the full metatrader suite alongside competitive pricing, add-on trading tools, and quality market research.

Is metatrader 4 only for trading forex?

The metatrader 4 (MT4) platform is predominantly for forex trading. However, depending on the broker, MT4 often comes with a range of other symbols such as cfds on indices, commodities, futures, energies, and metals.

What are "expert advisors" in metatrader?

When using metatrader platforms, such as metatrader 4 (MT4) or metatrader 5 (MT5), there are automated trading systems known as expert advisors (eas), or experts for short. Experts are not humans. Instead, they are the automated trading systems created by traders to execute a trading strategy.

Final thoughts

When selecting a metatrader broker, traders should consider the trustworthiness of the broker (where it is regulated), the number of tradeable securities offered, pricing, customer service quality, and any available addons offered beyond the default metatrader experience.

All in all, metaquotes has proven itself to be a trusted leader in developing forex and multi-asset trading platforms for online forex brokers and retail traders globally.

To sign up for a live forex account or demo trading account with a metatrader broker that offers MT4 or MT5, see our list of reviewed brokers above to choose a broker that best suits your overall trading needs.

Summary

Here's a summary of the best forex brokers for metatrader.

Methodology

For our 2021 forex broker review we assessed, rated, and ranked 27 international forex brokers. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex risk disclaimer

"there is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." learn more.

About the author: steven hatzakis steven hatzakis is the global director of research for forexbrokers.Com. Steven previously served as an editor for finance magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading cfds, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading cfds with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how cfds, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The forexbrokers.Com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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Top 10 ECN forex brokers in 2021

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

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

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

Top 10 ECN forex brokers

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How many forex brokers are available in the world?

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

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

Country-specific

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

Forex strategies for UK regulated brokers

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

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

US regulated forex brokers

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

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

Australian regulated forex brokers and platforms

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

Canadian regulated top 10 forex brokers

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

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

Forex brokers with european regulation

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

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

The common checklist for top 10 forex brokers

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

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

Forex strategies and goals

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

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

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

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

top 10 forex brokers with forex strategies

What is the best forex strategies?

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

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

The bladerunner trade

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

Bolly band bounce trade

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

Daily fibonacci pivot trade

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

Forex overlapping fibonacci trading strategies

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

Pop ‘n’ stop trade

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

Trading the forex fractal

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

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

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

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

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

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

Positional trading

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

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

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

Final thoughts

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

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

Top forex awarded brokers 2021

Forex broker rating is a long-time running and well-reputed list featuring the most prominent and active brokers acting on the forex market today. Our visitors are capable of voting, reviewing and commenting on the performance as well as on the strong and weak points of the brokers listed in the rating.

* forex awards accepts no liability for any errors in the information or trading conditions. For the most recent information please visit the forex-brokers site.

Top 10 forex awards nominations 2021

Top forex nominees 2021

We are evaluating and honoring the best forex brokers in almost 30 nominations

Fxpro is an award-winning online broker offering contracts for difference (cfds) and spread betting on forex, futures, spot indices, shares, spot metals and spot energies. Fxpro serves clients in.

Nordfx is a leading multi-awarded international broker that offers individuals and companies a full set of services for forex trading. Since its foundation in 2008, nordfx always keeps abreast of.

Hotforex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. Through its policy of providing the best possible.

Octa markets incorporated is a forex broker recognized worldwide. Octafx provides forex brokerage services to its clients in over 100 countries around the world. Octafx uses the most up-to-date.

Latest forex columns

We review the top forex industry events on a daily basis

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Top 8 best forex brokers for trading in 2021

With an average daily turnover of over $5 trillion, the forex market is exponentially growing and gaining popularity adding millions of new users each day.

Therefore, it becomes essential for you to choose a trusted and reliable forex broker as markets are already subjected to risk, however it’s beneficial to have peace of mind knowing that your capital is in safe hands.

List of best forex brokers

Below we have compiled a detailed list of the best forex brokers in the industry and provided an in-depth overview to help you choose the forex broker that best suits your needs.

1. IG group

Established in 1974, IG group is well known & one of the best forex brokers in europe. Being a publicly-traded company & trusted in six tier-1 jurisdictions, IG is a highly safe & reliable broker for forex as well as cfds trading.

IG also offers rewarding features as an online forex broker and has a global presence including countries like new zealand, japan, the united states, and of course, the united kingdom. Additionally, if you are a resident of europe and intend to benefit from international market opportunities, then IG also offers opportunities to trade in etfs.

Benefits:

IG group being one of the best forex trading company provides access to a wide range of investment products. Its investment products include currency pairs which are around 104 as well as cfds which are around 19500. They also provide the option of cryptocurrency trading as cfds.

Leveraging its size and reputation as one of the top forex brokers in the world, IG provides competitive pricing regardless of the product you choose.

If you are a professional CFD trader who trades with high volumes, then IG also offers attractive discounts through its active trader rebate programme. Rebate hierarchy is of 2 levels with level 1 being of £50 million worth of transaction volume per month which offers 10% of the spread rebate and level 2 being of £300 million worth of transaction volume per month which offers 20% of rebate.

With an astonishing selection of trading platforms, IG is termed as one of the best forex brokers to use. Facilities provided serves amateur as well as professional traders. Moreover, IG group’s advanced web platform services provide an amazing trading experience.

Limitations:

Even though IG’s L2 dealer platform can be considered for active trading due to its discount offerings, the MT4 platform still lags in performance and is limited in the product range.

IG developed mobile stands among the top in the industry, however, it is not recommended for stock and investment research as the only information access it offers is from reuters. If you are into investing in stocks research and invest in best day trading stocks.

2. CMC markets

Established in 1989, CMC markets is a public traded and renowned UK forex broker making it one of the best forex brokers in europe. Adapting to the changing technological advancements and developing a next-generation online trading platform proves CMC markets is well equipped to provide a futurist and feature-rich trading experience.

Being one of the top forex brokers in the world, CMC markets offers a wide range of products and trading instruments like cfds and spreads in varied asset classes. Apart from that it also provides an opportunity to invest in cryptocurrencies and government bonds.

Benefits:

CMC markets is regulated by one of the most trusted regulatory agencies in the united kingdom i.E. Financial conduct authority which enhances its credibility as well as reliability. Moreover, all client funds are strategically segregated in the various UK and european banks ensuring the safety of client funds.

CMC markets‘ highly prompt and interactive customer service distinguishes them from the rest of the brokers making it one of the best forex trading companies. You need to be able to reach a broker quickly as time is of the essence in trading.

Limitations:

The biggest limitation is faced by residents of the united states as like most of the UK forex brokers, CMC markets also doesn’t accept US clients because of the regulatory conditions.

Like IG group, CMC markets also has the major product and facility constraints on its MT4 platform.

3. IC markets

Founded in 2007, IC markets is a fairly young brokerage company but getting included in our list shows that it definitely at par with companies that have been in the business for a long time. Headquartered in australia, IC markets proves to be a blessing for algo traders.

The brokerage company is building it’s brand and reliability one step at a time. At present, it holds regulatory status in one tier-1 jurisdiction and one in tier-2 jurisdiction putting it in the list of reliable brokerages for trading in forex and cfds.

Benefits:

IC markets provides an astounding amount of market research accommodating both technical and fundamental analysis. This enables traders and investors alike to stay updated and develop their future strategies.

IC markets offers highly attractive costs with the opportunity of scalable execution which makes the brokerage platform a blessing for algorithmic trading.

IC markets holds a strong place in being one of the best metatrader brokers due to its advanced MT4 and MT5 platforms for both, web as well as desktop.

Limitations:

IC markets’ trust score among its competitors remains low as it is not a publicly-traded company and has authorization from only one of tier 1 regulators i.E. Australian securities and investment commission.

The brokerage company only offers limited trading instruments with only 61 currency pairs and 230 cfds making it less attractive for active traders

In comparison with industry leaders, IC markets research tools are quite lagging and don’t cater to traders’ needs.

4. Plus 500

Another young growing brokerage company on our list is plus 500 which was founded in 2008 and headquartered in israel. Plus 500 is a publicly-traded company and prides itself as primarily an online trading platform.

Plus 500 has its global presence through its subsidiaries which are located throughout europe and asia-pacific and are listed on london stock exchange since 2018. Moreover, the brokerage company was the first one to offer bitcoin CFD in 2013 putting it on the best forex brokers’ list.

Benefits:

Plus 500 offers a comprehensive product mix on its platform by providing access to forex, stock index, shares, options derivatives, commodities, etfs as well as cryptocurrencies to clients around 50 countries.

Plus 500 enjoys the trust of the UK market as it is regulated by the FCA which is one of the major regulatory agencies of the country. Also, its user-friendly webtrader platform makes it reliable and attractive to clients around the globe.

One of the biggest benefits of plus 500 is its facility of negative balance protection ensuring client protection as this facility restricts losses to the total capital in the account.

Limitations:

As explained above the importance of having a broker on call, plus 500, unfortunately, lacks in the same forte. With its customer service limited to online modes like chat and e-mail, traders are unable to reach a broker in the time of need.

The biggest limitation is faced by residents of the united states as like most of the UK forex brokers, plus 500 also doesn’t accept US clients because of the regulatory conditions.

Professional traders who adopt multiple research tools from third parties will also be disappointed as the brokerage company doesn’t offer the desired facility on its webtrader platform.

5. OANDA

Established in 1996, OANDA is one of the most reputed and trusted forex brokers. In fact, its advanced and high-quality market research makes the brokerage firm one of the top forex brokers in the world.

Being a globally trusted name OANDA is regulated in each of the six tier-1 jurisdictions which enhance its credibility as well as reliability.

Benefits:

One of the major benefits of OANDA is the relief it offers US traders as it accepts US clients. This feature provides the firm a competitive advantage and distinguishes it from the rest of the brokerage firms

OANDA platform is well designed keeping in mind the slightest of needs for traders. Its platform offers a wide range of tools inclusive of dow jones FX select news and advanced trading calculators making fxtrade an efficient and convenient platform.

OANDA market research tools are also state of the art, providing in-depth economic analysis, real-time data, and advanced data analytics.

Limitations:

OANDA is not suited for beginner US traders as it doesn’t offer the facility of negative balance protection to them. This can be highly detrimental as if the stop loss is not maintained, the client capital balance can go negative making the loss unlimited.

The brokerage company offers limited trading instruments with only 70 currency pairs and merely 55 cfds making it less attractive for active traders.

OANDA can also prove to be quite expensive if you are an occasional trader as it charges inactivity charge each month in addition to its other operating fees like deposits and withdrawals etc.

6. Forex.Com

Established in 2001, forex.Com was introduced as a part of new jersey-based GAIN capital holdings which is a global leader in online trading services since 1999. Forex.Com is one of the reputed names in forex trading providing an excellent range of instruments globally. It also offers user-friendly and real-time tools for in-depth market research and screening. Being one of the most technologically advanced platforms, forex.Com prides itself as the #1 rated online broker making it one of the top brokers of the world.

Benefits:

Forex.Com offers a wide range of instruments to profit from giving traders numerous opportunities.

Forex.Com offers an inbuilt trading view chart that will enhance your trading experience with its programming language pine script offering traders the to develop custom indicators at no extra cost.

Forex.Com offers the UK and european clients a facility of negative balance protection ensuring client protection as this facility restricts losses to the total capital in the account.

Limitations:

Forex.Com doesn’t offer its US clients a facility of negative balance protection which is highly detrimental as if the stop loss is not maintained, the client’s capital balance can go negative making the loss unlimited.

Even though the live chat service is advertised, it is unavailable on the platform. Being an online broker, efficient customer service is way more necessary.

7. FXCM

Established in 1999, FXCM is operated by jefferies financial being a leucadia company. The brokerage company is trusted by clients globally for trading in forex and cfds because of its long-standing reputation as well as 3 of its regulatory authorities being in tier 1 jurisdiction.

Moreover, its best-in-class platform and tools as well as customer service make it one of the best forex brokers to use for amateur and professional traders alike.

Benefits:

FXCM not only competes but supersedes its competitors when it comes to advanced trading platforms and tools. It provides best in class platforms like MT4, tradingview, and ninjatrader8 making it a blessing for algorithmic trading and one of the best forex sites for trading.

FXCM offers premium research material on its platform inclusive of content from trading central, investing.Com as well as fxstreet.

Availability of premium content from efx data on FXCM trading platform also provides quality market data.

Limitations:

FXCM only offers limited trading instruments with only 39 currency pairs and 82 cfds making it less attractive for traders

We wouldn’t recommend FXCM for retail traders as the brokerage company was banned from the US market just 2 years ago and trust issues still persist.

Transparency concerns have also been observed relating to its net costs, subscriptions, and unavailability of direct interbank.

8. TD ameritrade FX

Established in 1971, TD ameritrade is one of the best forex brokers in the USA. The firm remains one of the biggest names in the industry and is continuously building on the legacy. With its highly user-friendly platform and interactive services, TD ameritrade is the recommended forex broker for beginners.

The availability of multiple platforms on the platform serves traders of all spheres. For beginners, the brokerage firm’s best in class educational material offers great insights.

Moreover, active investors benefit from its state of the art thinkorswim platform that provides all needed data and tools to decode market opportunities.

Benefits:

The user-friendly platform offered by TD ameritrade ensures convenience for all and it’s well designed mobile application provides an informative but simple experience.

Availability of the advanced thinkorswim platform on the web provides traders access to advanced tools and real-time analysis to trade in multiple instruments like equities, options, forex, and much more on the web.

TD ameritrade is one of the top forex brokers in the world offers a wide range of instruments in varied asset classes.

Limitations:

TD ameritrade doesn’t offer cryptocurrency trading and only provides the option of trading in CME bitcoin futures

You might have to shift among multiple platforms. For an instance, if you wish to trade in options then the trade-specific tools are confined to thinkorswim platform, however for the purpose of fundamental analysis, one would need to access the web portal.

So this was a list of the best forex brokers in the industry. Since your forex broker will be your trading partner, choose them carefully, and make sure they are reputable and fit your requirements as a trader.

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So, let's see, what we have: choose the best forex broker 2021 using the forex rating. Top rated forex companies with forex reviews and bitcoin forex brokers on forex-ratings.Com at top rated forex brokers