If you have been a participant in the world of forex trading then you must be aware of the difficulties in finding the best FX brokers. There are no less than hundreds of thousands of options out there. But only a few of the highly advertised forex brokers are worth trusting with your money. Striving to find the best forex brokers especially the one which complements your own trading style is crucial for improving your trading skills. That is why we have shared details of the best FX brokers that you can trust in the following section.
This particular forex broker is owned by the Libertex Group which has been in the business since 1997. Libertex and its users enjoy regulatory licenses from the CySEC which is considered the forex market’s biggest and most influential regulatory agency. The forex brokerage platform allows users from all over the world to participate in forex trading.
Why use Libertex?
- For being an excellent fx broker platform, Libertex has received hundreds of awards recognizing its potential and expertise.
- You can trade more than 250 instruments using this broker along with special trading tools and conditions.
- An affiliate program is available for any trader who is interested in a collaboration with this global fx broker.
FXCC came into existence back in 2010 and now it has joined the league of most reliable and best FX brokers through consistent performance and increasing demand. This is an STP/ECN type broker that offers forex and CFD trading capabilities to all kinds of traders in a cost-effective way. Its institutional-grade features make FXCC, a worthy forex brokerage platform.
Why use FXCC?
- It has only one type of account called the ECN XL Account for every user which minimizes confusion and allows first-timers to trade comfortably.
- FXCC also offers an extremely tight spread which is usually around 0.0 pip and 0 trading commission fees.
XM Group is acknowledged as one of the best FX broker platforms available for global clientele because it has acquired appropriate licensing from CySEC. Clients of the XM forex brokerage service enjoy trading up to 300 different financial instruments and direct access to the world’s largest financial markets.
Why use XM?
- The leverage available is up to 888:1 which differs in terms of the financial instrument chosen by traders.
- XM requires a minimum deposit of just $5 and provides tighter spreads.
LegacyFX tops the list of the best-performing multi-asset trading specialist forex brokers around the world. It is also one of the most promising broker platforms for beginners and pros since 2012 when it was first launched. LegacyFX joined the list of leading FX brokers after it received licenses from VFSC, NBRB, CySEC, and some other regulatory agencies.
Why use LegacyFX?
- This broker has recently gone under a total revamp of its website which has improved its UI and functionalities.
- It charges 0 fees on deposits and withdrawals.
The Australian forex broker called Pepperstone is certainly not a new name on the list of best FX brokers. Regulated by ASIC, and FCA, Pepperstone has been offering a wide range of trading services to its global clientele supporting MT4, MT5, and cTrader. Pepperstone is a fan favourite due to its infrastructure that supports lightning-fast executions.
Why use Pepperstone?
- The leverage generally offered by this broker is up to 500:1
- Two different types of trading accounts are available that are silver and gold
- Quality services, reliable customer service, and high-volume trades executions are also the reason why Pepperstone is trusted by retail and institutional traders equally.
HotForex is another award-winning broker platform that has been a pioneer in the forex market offering its services to both institutional as well as retail clients since 2010. In the previous years, this broker has acquired regulatory licenses from CySEC, FSC, FCA, BaFin, FSB, and even DFSA.
Why use HotForex?
- The original MT4 and MT5 downloads are available on the HotForex server so that traders can benefit from the authentic trading platforms.
- It utilizes a unique kind of PAMM system which has become quite popular in recent years within forex. It can be customized per the trader’s wishes and requirements easily.