Forex trading is an extremely large business that spans hundreds of markets across the globe. There are more forex brokers in the world than you can shake a stick at, and there are differences in all of them. Depending on where these brokers are trading out of, they would fall under different regulations, and it can affect a lot when it comes to trading.
While the goal is ultimately the same for most traders, to find the best low spread brokers, there are so many options that it can get overwhelming. That is why today you can look at some of the best forex brokers out there around the world as well as the type of services and features they offer.
HotForex – HF Markets Ltd. – FSCM Regulation
This forex broker offers six different account types, depending on your needs, and deals solely in MetaTrader. The company has well over 100 different securities to trade with, which isn’t as much as some others, but still attractive. As well, their pricing is going to be around average, depending on the account type you choose.
FXTM Global – FT Global Ltd. – CySEC Regulation
FXTM Global is a great choice for traders, as they offer access through PC and mobile, and make use of the MetaTrader 4 and 5 platforms. You are going to gain access to over 250 trading instruments and the ability to trade wherever you may be. Their pricing is competitive, and they have fairly small minimum account balances.
GKFX Financial Services Ltd. – FCA Regulation
This mighty ECN broker offers trading in both forex and CFD markets, and they have numerous brokerages around the world in various countries. They take advantage of the MetaTrader 4 platform, and this can be used both on your computer and most mobile devices. They offer reasonable prices, more than 50 currency pairs, and over 100 CFD options.
XM – XEMarkets – CySEC Regulation
Here we have another great choice for currency pair trading, and XM uses an STP, or straight-through processing approach to do business. This basically means that you use their platform to trade directly with the liquidators, with no middleman involved. They have over 50 currency pairs to choose from, as well as web and mobile apps that make trading a breeze.
Pepperstone Financial Party Ltd. – ASIC Regulation
Pepperstone is a very well known forex broker based in Australia and is one of the best Australian brokers available. This brokerage is a perfect choice for new investors, as they have no minimum balance required, and their fees are low compared to some. The only downside here is the currency pair options, but they do have enough to keep traders interested.
Tickmill – TMill UK Ltd. – FCA Regulation
Based in London, England, Tickmill is a brokerage that was launched in 2014 and already it has a name that a lot of forex traders are going to recognize. They position themselves as a low-cost trader and can be very affordable depending on the type of account you choose to open. They make good use of the MT4 trading platform and are a good spot for the average currencies trader to do their daily business.
All Brokers Offer Different Things
Above is just a small sample of some of the best forex brokers in the world, but your choice is really going to depend on your needs and you can also check best forex broker in uae. Keep in mind that every single broker is going to offer your different services, trading platforms, currency choices, and overall experience. Before making any choices ensure that you know exactly the type of broker you require.