Top 10 forex brokers in the world

When picking the top 10 forex brokers in the world, there is a criterion.

My list of forex bonuses

Recommended Top 10 Forex Brokers Rating and Reviews, top 10 forex brokers in the world.

The criterion helps us categorize features, services, and versatility. Here is a list of some of the most important things we consider:

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 worldwide forex brokers in 2021

The top 10 forex brokers in the world were determined based on global forex regulation, spreads and the best forex trading platforms. The companies that made the top 10 list were outstanding at a unique forex trading category.

Compare the top forex brokers in the world based on their size, spreads, trading platform and more.

Top 10 forex brokers in the world 2021

By regulator and features here is the list of the largest forex brokers

Pepperstone – best global forex broker overall

IC markets– top ASIC broker with lowest spreads

CMC markets – FCA broker with range of currency pairs

TD ameritrade – best forex broker for U.S traders

Forex.Com – IIROC broker for canadian traders

IG– best broker for beginners with DFSA licence

FP markets – top CYSEC broker with metatrader 4

Interactive brokers – MAS fx broker and stockbroker

FXTM – top FSC broker with highest leverage

Thinkmarkets – best FSCA regulated broker

Pepperstone is the best global broker

Pepperstone is considered the best global broker overall, as it’s a great option for all styles of CFD and forex trading. All the tools and features required to develop successful currency trading strategies are offered by pepperstone, including low spreads, the best trading platforms, a great product range and award-winning customer services.

Spreads and account types

Regardless of the subsidiary you register with, pepperstone offers two account types that are suited to different strategies and levels of trading experience. You can choose between either commission-free standard spreads or razor spreads where you pay a flat rate commission fee.

Razor account – great for active traders

If you want to execute day trading, scalping or automated trading strategies, pepperstone’s razor account provides an ECN-style trading environment with ultra-tight spreads. As shown below, pepperstone offers low spreads that most of the world’s best brokers fail to match. For commonly traded forex pairs like the USD/JPY spreads average 0.13 pips with pepperstone, much less than what brokers such as tradersway and XTB offer, which average 0.50 pips.

Because you gain access to institutional grade spreads that can be as low as 0.0 pips, you pay a flat rate commission fee on top of the spread. Metatrader users incur a fee of AUD $3.50 per side per 100k traded, while ctrader has a 7 unit charge per lot. With ECN-like spreads and low commission fees, overall trading costs are low for razor account holders.

Data taken from broker website. Accurate as at 05/01/2021

Standard account – great for new traders

Standard accounts are great for beginners as you can trade commission-free spreads, avoiding the need to calculate trading costs when you’re starting out and building confidence. Compared to other top brokers, pepperstone offers the tightest no commission spreads. For instance, the standard account holders can access spreads averaging 1.33 pips for the AUD/JPY, significantly lower than 4.90 pips at tradersway or 3.36 pips at fxpro.

Data taken from broker website. Accurate as at 05/01/2021

Trading platforms and market access

To access the broker’s diverse range of forex and cfds pepperstone clients can use choose either metatrader 4 (MT4), metatrader 5 (MT5) or ctrader as their trading platform. All are available as desktop trading platforms for PC and mac computers, mobile apps for ios and android devices as well as webtrader platforms for online trading.

Five different asset classes are available to trade being forex, commodities, shares, indices and cryptocurrencies. As well as major, minor and exotic currency pairs you can also trade currency indices such as the US dollar index (USDX), a weighted basket of six major currencies including the GBP, JPY and EUR.

Although the online broker offers access to over 150 financial markets, access depends on the trading platform you are using. For example, share trading only available on MT5 as it is a multi-asset platform, while ctrader and MT4 are predominately forex trading platforms.

Pepperstone is ideal if you want to focus on trading cryptocurrency. Spreads are competitive and commission-free for when trading crypto with pepperstone. Five CFD products are available (bitcoin, bitcoin cash, ethereum, litecoin and dash), with bitcoin spreads starting from $10.00.

Note: clients in the UK will not be able to trade cryptocurrencies as the UK regulator, the FCA, no longer allows crypto trading.

Whether you are trading forex, cryptocurrencies or share cfds, pepperstone trading platforms offer a great range of analysis and automation features to help you develop trading strategies and save time.

Trading tools:

Algorithmic trading with expert advisors (eas) on metatrader platform or cbots when using ctrader.

Social-copy trading via metatrader’s trading signals or third-party social trading services such as myfxbook, mirror trader and duplitrade.

Charting tools to perform technical analysis and fundamental tools such as an economic calendar.

Autochartist and add-on expert advisors and indicators (pepperstone’s smart trader tools) are free to download

Tier-1 regulators

As well as an excellent trading environment and product range, pepperstone is seen as safe and trustworthy as it’s overseen by top-tier financial authorities. The level of investor protection you receive as a pepperstone client depends on where you reside and the subsidiary you register with:

Pepperstone, UK: regulated by the financial conduct authority, maximum leverage of 30:1 when trading forex and negative balance protection (NBP) is provided.

Pepperstone, australia: regulated by the australian securities and investments commission (ASIC), no NBP or leverage caps, with a maximum leverage of 500:1 for forex instruments.

Pepperstone, dubai: regulated by the dubai financial services authority (DFSA), maximum forex leverage 50:1.

Pepperstone, EU (mainland europe): regulated by cyprus securities exchange (cysec), maximum leverage 30:1

Pepperstone gmbh (germany and austria): regulated by the federal financial supervisory authority (bafin), maximum leverage 30:1

Pepperstone, international: regulated by the securities commission of the bahamas, no investor protections such as NBP or leverage caps.

Note: clients in the UK should sign with pepperstone UK, clients in germany and austria should sign with pepperstone gmbh, clients in other mainland europe countries should sign with pepperstone EU.

Customer support

Pepperstone is known for its reliable and efficient customer service. Live chat, phone or email can be used to get in touch with the customer support team, with all contact methods available 24/6. The online broker has been recognised for its customer services for many years now, winning awards for the quality of trading support and relationship management provided by pepperstone.

Education

Pepperstone provides a range of free educational resources (such as webinars) to help you develop trading strategies and conduct market analysis.

Education	research
webinars and videos	market news
trading platform tutorials	market analysis and commentary
educational articles	economic calendar
glossary	trading guides
demo accounts	trading ideas

Another key educational resource is the broker’s demo account. As cfds and forex are complex instruments, trading comes with a high risk of losing money. Demos allow you to practise and build confidence in real-time currency trading conditions, but in a risk-free environment. The online broker offers trials for MT4, MT5 and ctrader with both standard and razor account pricing.

To open a real account with pepperstone, no minimum deposit is required, although the broker recommends at least $200.

Our rating

The overall rating is based on review by our experts

Reviews: top 10 forex brokers in the world

Oasdom list of top 10 forex brokers in the world

Which are the top 10 forex brokers in the world?

If you’ve gone through our ultimate guide to forex trading , you’ll agree that forex brokers are vital in the exchange market.

Forex brokers are ‘intervening agents’, ‘middlemen’ between individuals and the foreign currency market.

The forex brokers are the slab between a customer and the teller in a bank; they are the countertops between forex traders and forex market.

“forex brokers are the counter tops between forex traders and the forex market”

Forex brokers have been defined as “firms that provide traders with access to a platform that allows them to buy and sell foreign currencies”.

Money pays for things but money itself is also traded (sold and bought) every day, research has this statement backed up that there is such a list as top 10 forex brokers in the world and over $4.5 trillion are traded every single day in the forex market.

Top 10 forex brokers in the world today

Y’all know that there is always ranking everywhere no matter how much we try to stay away from the subject both willingly and unwillingly.

Of all the numbers of forex brokers in the world, I cannot out a finger on myself, there are some ranked as the top 10 forex brokers in the world.

1. IG MARKET

Rated to have an ‘excellent trading and research tools’ not exempting the educative sessions it offers traders on its platform to trade at rates that are challenging to competitors.

It is no wonder it is ranked as one of the top 10 forex brokers in the world. It all started with one man, stuart wheeler.

Stuart started a spread betting business named investors gold index in the year 1974, this business grew beyond leaps to be known as IG market today and ranked one of the top 10 forex brokers in the world.

It is not just a forex broker, it is a platform for CFD trading. Its headquarters is located at london, united kingdom. The following have been accredited to IG market:

Website: https://www.Ig.Com/en

Minimum deposit: $250.

Leverage: 1 : 200.

An investingoal rank of 4.5 out of 5.

2. OANDA

Oanda that was co-founded by computer scientist, dr stumm and dr oslen, an economist; in the year 1995 is now one of the top 10 forex brokers in the world.

Registered with the commodity futures trading commission and a member of the national futures association; it is regulated by ILROC, DFSA, MAS, and FSA.

It has presence in canada and europe and is reputed to have the best API.

Its headquarters is located at new york city, united states of america. The following have been accredited to OANDA:

Https://www1.Oanda.Com/

Minimum deposit: $1.

Leverage: 1 : 50.

An investingoal rank of 4.1 out of 5.

3. PEPPERSTONE

Pepperstone - best forex broker in the world

It has not only been ranked as one of the best forex brokers in the world but also ‘one of the largest and most important australian broker.’

Pepperstone was also co-founded by joe davenport and owen kerr in the year 2010. Fast forward to 9 years after, and it boasts of offices at different locations.

It offers forex trading on over 70 currency pairs, crypto-currency cfds, amongst other services.

It is said to have low fees, and the best customer services, including no withdrawal, deposit or inactivity fee. It offers various accounts which include demo accounts, standard accounts, and islamic accounts.

Its headquarters is located at melbourne, australia with branches in london, bangkok, shangai, and dallas. The following have been accredited to pepperstone:

Website: https://pepperstone.Com/au

Minimum deposit: currency equivalent in 200 units.

Leverage: 1 : 500.

An investingoal rank of 4.8 out of 5.

4. SAXO BANK

The danish investment bank was founded as a brokerage firm in year 1992. It was upon getting a banking licence in year 2001, its initial name, midas fordsmaeglerselskab was changed to saxo.

It is the only broker of the top 10 forex broker in the world more regulated as a bank than a forex broker, that doesn’t make it less a foreign exchange broker.

Its headquarters is located at copenhagen, denmark. The following have been accredited to SAXO BANK:

Https://www.Home.Saxo

Minimum deposit: $2000 – $10 000.

Leverage: 1 : 200.

An investing goal rank of 4.5 out of 5.

5. Forex.COM

Forex.Com is one of the top 10 world’s leading forex brokers and was founded in the year 1999. It has been reviewed to have ‘high level of safety and professionalism’.

Its headquarters is located at bedminster, new jersey, USA. The following have been accredited to FOREX.COM:

Website: https://www.Forex.Com/en-us/

Minimum deposit: $50.

Leverage: 50 : 1.

An investingoal rank of 3.7 out of 5.

6. XTB

It was established in year 2002 as X-trade before merging to become X-trade brokers, the year 2004. It has branches across the globe; poland, spain, germany, france, united kingdom inclusive.

It operates in over 15 different countries with distinct international versions that differ slightly from each other in spreads, leverage, and account types.

It was listed on the warsaw stock exchange in year 2016 and was awarded best broker in europe (2005) by money markets journal.

It has an edge with its fast deposit and withdrawal, user friendly account opening and good research tools; no wonder it is not on one of the top ten forex brokers in the world but ranked the best CFD broker.

It offers demo accounts, pro accounts, islamic accounts, and standard accounts with terms and conditions.

Its headquarters is located at bedminster, new jersey, USA. The following have been accredited to XTB:

Website: https://www.Xtb.Com/int

Minimum deposit: $250.

Leverage: 30 : 1.

More top forex brokers list

Our list of best forex trading brokers still continues.

7. FXCM

FXCM is the abbreviation for forex capital market. It is one of the best forex brokers in the world.

The child company of jefferies financial group (formerly leucadia national corporation) and global brokerage incorporation was founded by drew niv in the year 1999 as shalish capital market before its current name, FXCM.

The retail broker offers forex trading in in cfds on ‘major indices and commodities’ with an estimated ’79.79% of retail investor accounts losing money in trade’.

8. FX pro

Not excluded from the list of leading forex trading brokers, FX pro was founded in year 2006. Its trading platforms include MT4, MT5, and ctrader.

It offers trading platform for cfds on forex, shares, spot indices, future spot metals, and spot energies.

It was ranked the most trusted forex brand, UK, 2017 by global brands magazine and best FX provider, 2019 by online personal wealth awards.

Price water housecoopers (PWC) is an external auditor for FX pro.

Its headquarters is located in the city of london, united kingdom. The following have been accredited to FX pro:

Website: https://www.Fxpro.Com

Minimum deposit: $100 – $500.

Leverage: 1:500.

9. Markets.COM

The 9 years old forex brokerage firm, that is owned by safe cap investments limited, a subsidiary of playtech; and one of the top ten forex brokers in the world.

Just like 1xbet, one of the top leading betting companies , markets.Com is in partnership with arsenal FC as the ‘official forex and CFD trading partner’…yes, footballers too forex trade.

Its headquarters is located at nicosia, cyprus. The following have been accredited to markets.Com:

Https://www.Markets.Com

Minimum deposit: $100 or its currency equivalent.

Leverage: 1 : 300.

An investingoal rank of 3.8 out of 5.

10. XM

XM was founded in year 2009 and is said to offer low spreads, minimum trade size of 0.01, and a maximum leverage of 888 : 1.

Investingoal ranked it the third largest broker in the world and one of the top 10 forex brokers in the world.

Its headquarters is located at limassol, cyprus. The following have been accredited to XM:

Website: https://www.Xm.Com

Minimum deposit: $5.

Leverage: 1 : 500.

An investingoal rank of 4 out of 5.

While we are quite familiar with taking dollars to the bank and smiling out with naira notes or paying in naira for that online transaction that spoke in a different currency, this knowledge does not guarantee an A in the forex market.

When you venture in to this type of foreign exchange trading, you need to have knowledge of currency pairs; it is inevitable as forex market is centered on it.

What makes up a good forex broker?

Customer service: A forex broker that cannot be accessed at least 6 days in a week at anytime within 24 hours does not fit.

Prompt response to inquiries and efficiency of customer service scores a forex broker high.

Fee structure: A good forex broker gives reasonable fees for services and not charge ridiculous fees, bearing in mind investors, traders also want to make money not dispose of it.

Markets and products: there are many forex brokers out there but not all deal in the same products, currency pairs.

There is a probability that you might not get that product you thought you saw at that high priced forex brokers’.

Level of security: the security features provided by that forex brokerage firm is very important.

Web trading platform: A good broker has a user friendly trading platform that is well – equipped and efficient.

Efficiency

Deposit and withdrawal fee: while some put you on a long waiting list, some might charge you unreasonable amount for withdrawing or closing an account (like say person no need the money).

A good forex broker update customers on record directly from the inter bank system.

Account opening: A good forex broker has a demo account on its options for beginners to try out forex trading and charge reasonable with a probable sign up bonus.

Before deciding on which forex broker is best suited for you, look at your budget size, capital, investment goals, and others before making that decision.

Remember there are many forex brokers out there but there are not many of your capital lying around, waiting to be picked up.

If you’re a beginner trader, there are some great trading platforms you can try out which include meta trader 4, MT4 and MT5 and so on.

Last notes on top forex brokers in the world

You can easily lose money in the foreign exchange market and measures MAY NOT be taken as in the normal financial institutions since the rules that control secured transactions in an ideal finance world may not apply in the foreign exchange market.

There are more than enough trading brokers out there, it’s all up to you to carry out necessary findings and choose the one that suits your trading needs.

Did you find this post helpful? Do give it a like and share and don’t forget to drop your comments.

Fxdailyreport.Com

Till about a decade ago, you had to make use of the telephone if you wanted to invest in the financial markets. You had to call up your broker for placing as well as closing orders. Introduction of online trading has, however, simplified every aspect of the investment process. You can carry out trades from the convenience of your home or on-the-go using the platform provided by brokers. Sounds simple, but the problem is there are umpteen number of forex brokers that offer trading platforms out there in the market. And, you need to work with the best forex broker if you want to achieve your financial goals. So, it all boils down to identifying the right broker to work with and it is definitely not an easy task. Read on to find out as to how you can identify the best forex brokers. In this post, various aspects you need to take into consideration when choosing a forex broker are discussed in detail so that the selection process becomes simpler and easier for you.

Top recommended and the best forex brokers for 2021

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
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: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker
min deposit: $100 spread: starting 0 pips leverage: up to 500:1 regulation: FCA UK, ASIC australia, MAS singapore	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: the spread can be as low as 0.01%” (0.01% = spread for EUR/USD) leverage: 1:294 regulation: ASIC, cysec, FCA (UK)	visit broker
min deposit: $100 spread: starting from 0.9 pips leverage: 400:1 regulation: MIFID, FSB & ASIC	visit broker

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Main parameters to be checked for identifying the best forex brokers:

#1: regulations and licenses

It is highly recommended that you choose only forex brokers that are regulated or authorized by leading regulatory bodies such as commodity futures trading commission (CFTC), national futures association (NFA) and financial conduct authority (FCA in UK), among many others. This is because regulated brokers are more reliable than their non-regulated counterparts. Further, your hard earned money remains safe with such brokers for two reasons: they will be appropriately capitalized and they maintain segregated accounts for theirs as well as traders’ funds.

#2: forex trading platform

The online trading platforms that recommended forex brokers provide would not only be simple, but also intuitive and easy to operate or navigate. It, therefore, makes sense to try out a few online forex platforms and see for yourself as to which one has a better user interface and is easily navigable.

#3: customer support services

Customer support is a key aspect that you need to evaluate. Best fx brokers would often be aware of the needs of the traders and provide good, efficient and responsive customer support services. During the course of trading forex on an online broker’s platform, there will be times when you need certain time sensitive clarifications. If the customer support service of the broker you are planning to work with is not good enough, you could end up losing money. It is, therefore, recommended that you evaluate the brokers’ customer support service both by speaking to their representatives on telephone and by communicating with them through email.

Leverage offered for forex trading varies from one broker to another. If the leverage is high, the trader can make more profits. However, the risk of accumulating losses is also equally higher. Therefore, you should choose a broker that offers leverage suiting to your needs and based on your style of trading.

Brokers often try to attract you by offering high capital bonuses when you make your first deposit. This is good because you get more money for trading. You can choose the broker that offers the highest first deposit bonus, but you should make sure other aspects discussed above and those that are discussed below suit your needs.

#6: deposits and withdrawals

It is important that you understand the brokers’ policies related to deposits and withdrawals. The features to be evaluated when choosing top forex brokers are minimum amount to be deposited to start trading, deposit methods offered, currency options provided, minimum withdrawal amount specified and waiting time for withdrawals, among others. Further, it makes sense to go through all other written policies in detail.

Brokers make money by charging a fee for each of the trading transactions that you execute on the forex trading platform provided by them. As far as the broker and you are concerned, the significant source of revenue would be the spread, the difference between ask and bid prices. It pays, therefore, to check as to how the brokers you have shortlisted handle spreads:

Do they offer fixed or variable spreads?
What is the average and maximum spread for the currency pairs that you are planning to trade?
What spreads are offered when the volatility is very high?
Do you have to pay any commission for each trade apart from the spread?

Before buying a car, you always go for a test drive. Similarly, look for forex brokers that offer demo accounts. This helps you to open a practice account. You can try out their platform and find out for yourself as to which of the shortlisted brokers is best suited to your requirements. Most brokers offer practice accounts these days. So, it is easy for you to get a feel of the brokers’ platform before committing to depositing money and trading.

#9: other parameters for identifying the best forex brokers

The forex brokerages that offer very low account minimums can be considered for evaluation under the category “best forex brokers”. This is good because you don’t have to deposit large amounts of money in order to trade forex. Minimum account balance can be as low as $5 in the case of some of the reliable forex brokers.

Online forex brokers often try to snatch business through promotions. Do not fall prey to their sales gimmicks. Best forex brokers would never make unbelievable and unachievable promotional offers. It is true that cash and prizes form part of the game, but they should be reasonable.

Another aspect to look for when evaluating online forex brokers is the educational services offered by them. This helps you to master the art of forex trading. Brokers that provide you with a variety of educational tools for assisting you in assessing the forex market are the best forex brokers to work with.

Why expert traders trade with regulated forex brokers

If you’re looking to become a successful forex trader, then working with a skilled and trustworthy broker is very crucial. In the forex market, the two main types of brokers you’ll get include the regulated and the non-regulated brokers. Obviously, the former typically operates under regulations stipulated by a forex regulator. Regulated forex brokers must also be fully licensed and registered in their country of operation, unlike their non-regulated counterparts.

Role of regulation

Of course, the role of regulation in forex market cannot be underestimated. Regulation ensures that all players in this booming industry are strictly supervised. This way, merchants are protected from the many unscrupulous traders out there looking to swindle them off their hard earned money. Another thing, regulation also builds trust between merchants and their brokers, since most merchants don’t have enough time to monitor every investment.
Let’s take a quick look at some of the leading regulatory agencies:

CFTC and NFA: commodity futures trading commission and national futures association, regulate the financial services sector in united states of america (USA).

Cysec: the cyprus securities and exchange commission is the regulatory watchdog within the cysec domain. It offers services to the EU member states.

FCA: the financial conduct authority regulates the operations of over 56,000 financial services and companies in the UK.

ASIC: the australian securities and investment commission regulate the financial services sector in australia.

FSB: the financial services board is a south african agency which oversees functioning, regulation, and licensing of south african forex brokers.

Bafin: bafin is a financial supervisory authority providing its services to forex companies in germany.

Advantages of regulated forex brokers

With regulated brokers, you’ll always have some peace of mind when carrying out your real-money transactions. To expound more, here are the main reasons why expert traders prefer regulated brokers:

1. Credibility

It’s an open secret that most of us like to deal with trusted organizations, especially when money is involved. That being said, the credibility of any forex broker is greatly enhanced if the company is regulated by the relevant agencies. Remember that all regulated forex brokers are mandated to follow some strict rules put in place by their respective regulatory bodies. Furthermore, their regulatory bodies expect them to regularly present a copy of their audit report. Therefore, if a broker is listed on its regulatory body list, then it’s safe to say that the forex broker has fully complied.

2. Compensation

Getting compensated in case of any unfortunate scenario is arguably the best reason why most expert traders opt for regulated brokers. With most regulated brokers, you can rest assured that all your hard earned money will be refunded in case your brokerage firm goes down. For example, brokers operating under cysec are required to remit their contribution to the ICF (investor compensation fund). This pool of funds is to help settle any form of customer claims in case of any eventuality.

3. Effective customer service

Before choosing a forex broker, it’s always recommended that you settle for one who can effectively and immediately resolve all customer issues. In this case, most regulated brokers are always competent enough when dealing with technical support or account issues. In addition, they are very helpful and kind during the whole account opening process.

4. Quick deposits and withdrawals

Any reputable forex broker will allow their merchants to make deposits and withdrawals without any hassle. A regulated broker should have no reason whatsoever to make your earnings process difficult because they don’t have control over your funds. All they have to do is to facilitate the platform to make it convenient enough for you to trade.

5. Updated trading platform

Most regulated brokers are mandated by their respective regulatory authorities to provide their clients with the latest, powerful, and easy-to-use trading platforms. In fact, most of their platforms will readily provide you with all that you need to begin trading immediately. You’ll get a lot of educational materials including webinars, videos, articles, seminars, and e-courses at no extra charge. It goes without saying that regulated brokers also offer their clients free demo accounts to help them sharpen their skills before going live.

6. Legality

All over the world, governments are struggling to deal with issues concerning money laundering. Some of them have even gone ahead to pass very strict anti-money laundering laws. So to be on the safe side, you should always trade with a regulated broker. Most regulated forex brokers will ask you to provide some of your personal identification documents such as proof of address and photo ID. This might sound tedious to you but it’s always safe to be part of a regulated organization that can prove your money is being used in a legal way.

To sum it up, regulated forex brokers are always the best as well as the safest option to trade with. This is because they are always ahead in terms of legality, security, and safety of your funds. All in all, you can manage your risks better if you opt for a regulated forex broker.

Understanding true ECN vs STP broker

The foreign exchange market, also known as currency market, is a universal decentralized market that provides traders an opportunity to trade currencies. It is a market which incorporates all aspects of buying, selling, and exchanging currencies at the present-day or determined rates.

There are different kinds of forex brokers that you can choose to trade forex with. However, though all the brokers in forex are intended to provide a similar basic solution, the way they operate behind the scenes is different. Different types of brokers have varying techniques of operation, and the specific broker you cooperate with can significantly determine your success rate as a forex trader. Here are some crucial factors that will enable you determine which broker between a true ECN and STP broker is the best one to trade forex with:

Understanding true ECN vs STP broker

True ECN i.E. Electronic communications network brokers operate without their individual dealing desk. These brokers provide an electronic trading platform where professional market makers at monetary organizations such as banks, and other online trading participants including traders can enter bids and offers through their particular systems.

STP i.E. Straight through processing brokers are brokers without a dealing desk also. These brokers apply some of the techniques utilized by market makers to provide their particular clients with trading conditions which are more flexible. By STP brokers hiring some of the tactics of market makers, they are able to bypass the limitations connected to trading exclusively within the interbank market.

General overview of true ECN and STP brokers

Use of scalping techniques

True ECN and STP forex brokers do not care about how much their particular traders make. Therefore, these types of brokers allow traders to utilize scalping techniques to close their respective positions. Note that false ECN and STP brokers cannot allow you to use scalping techniques as a trader since they will be disadvantaged anytime you make small profits.

True ECN and STP brokers are types of forex brokers without a say when it comes to control on spread provided. These brokers have no control on spread offered since it’s the liquidity provider that determines the spread which is to be provided.

Though true ECN and STP brokers can add markups when necessary, they cannot in any way take it further down than the amount provided.

Difference between true ECN and STP brokers

Commission charged

On true ECN accounts, as a trader you will be required to pay a fixed commission to open and close trades. The spreads offered on true ECN accounts are determined by the rates of liquidity providers.

When using STP accounts as a trader, you will not be required to pay any commissions.

Pros of trading forex with a true STP broker

Cannot bankrupt themselves

True ECN brokers cannot trade against their specific clients to bankrupts themselves.

Similar price rates

If you are a forex trader, trading with a true ECN broker means you are guaranteed of price rates that are similar to those of the interbank market.

Negative balance protection

As a trader utilizing the trading account of a true ECN broker, the broker will be accountable for any dues with liquidity providers should your account read negative as a result of any reason beyond their control.

Cons of choosing a true ECN broker

Dealing with a true ECN broker will require you to pay rollover fees and commission at times.

Pros of trading forex with an STP broker

Their rates and the interbank prices are same

They provide their clients low entry capital requirements

Cons of choosing an STP broker

Choosing an STP forex broker means when you enter a trade you’ll not be informed what spread to expect.

Most true ECN and STP brokers are linked to several liquidity providers at the same time period. Despite both true ECN and STP brokers having incredible trading solutions which can meet your needs as a trader, their terms of operation vary. Whether you will choose a true ECN or STP broker, the rule of thumb is always ensuring you minimize losses and maximize profits as much as you can when trading forex. Ensure you compare carefully the terms of service of both a true ECN and STP broker before you choose one to handle your trading needs.

Brokers

Regulated forex brokers

When viewing the forex broker or a trading platform, it is the paramount priority to choose from the hundreds the most reliable one and the best forex provider, as it will determine the whole trading experience. Indeed, doing research and compare the vast number of forex brokers with many aspects to consider, maybe not an easy choice, as well time-consuming. So here we are ready to assist your selection and answer the most common questions.

Can I trade forex without a broker?

This may be the first question you would ask, as indeed forex market, FX or currency market is the largest global non-centralized exchange where trading process performed electronically via networks. While main forex participants are international banks and financial institutions operating huge volumes through a need to exchange currencies, presented as currency pairs, and assist international business with the conversion which is known as the interbank market.

Therefore, in order to trade fx you should be authorized dealer to do so, as well as operate a quite sufficient amount so before forex brokers were introduced to retail traders and global community it was not possible for trade markets. For this reason, forex trading brokers are the companies or agent if you like that gives retail forex traders access through its platform to operate forex market and trade various markets including commodity futures, indices, bonds, etc.

Do I need license to trade forex?

So this is another pleasant and great opportunity which is given by forex brokers, as you may access trading without financial or dealer license. Moreover, there are hundreds of opportunities with a relatively small investment which allows you to trade forex, do technical analysis and analyze markets almost instantly.

Are forex brokers regulated?

And now we will check the most crucial question if forex broker can be regulated, since the market is decentralized, and is it safe to trade forex? Obviously, this is the biggest trump you may fall as a retail trader if you choose a non-reliable, mainly non-regulated or offshore firm without a proper license you may easily fall into a scam and lose money.

So due to increasing demand and mainly that traders got no easy access to trading or financial education, the world countries established particular organizations or authorities in order to oversee the market proposals and regulate forex broker firms. So yes, forex brokers are regulated while holding a license from a local authority alike world known FCA in the UK, ASIC in australia, commodity futures trading commission CFTC in the USA, MAS in singapore and more.

What does a regulated broker mean?

The whole concept of regulation is to oversee forex business in a particular country or region, protect clients and ensure safe conditions while trading forex. So in simple words, regulated broker means a safe and legit broker that is compliant to various rules and criteria set by the international authority with the purpose to provide secure trading and good customer service. So its trading environment and provided services like technical analysis, education and tools are also aligned to the best practices.

In addition to its constant check on the service providing, authorities protecting clients throughout compensation schemes and other security checks, however, these conditions may vary from the regulator to another.

How do I know if my forex broker is regulated?

In order to check if broker is regulated or not, you should verify this information through the official brokers’ website first, as regulated companies always provide its licenses. And the next step is to verify a license through the official regulatory website. However, in our forex broker review you will find all the necessary information and license check as well.

It is a fact, unscrupulous brokers may easily fake information and assure you of its license while its not true, so always verify information through the official source. As well, adhere to trade with brokers regulated in serious jurisdictions, not the offshore once, as they luck of strong regulation, requirements and necessary safety measures. Read more by the link why avoid brokers from st vincent & the grenadines.

How to choose best forex broker?

Security of funds is always first in forex trading, for that reason, we recall your attention to open an account with regulated brokers only. Making it simple, regulated broker means that you will trade forex with proper security of funds and investment itself, so first of all good broker is a sharply regulated broker.

Further on, you should also check the necessary conditions and select offer suitable for you and trading strategy you deploy.

For this reason, we assist your selection and provide an assortment of efficient regulated brokers with updated on a weekly basis in-depth forex broker list. A professional detailed analysis with trading fees account overview, platform breakdowns while sorted by regulation, country or trading conditions, along with traders comments so smarter decision is easier now.

Realistic forex, flexible solutions!

The forex market has been considered as ONE of the fastest-growing markets in the world ��

When beginners or experienced traders hit the forex market, they both look for the top forex brokers by generalizing several keys and features such as trading platforms, customer support, trading education, currency research, trustworthiness, and fees.

Are you an active trader? Are you looking for the best forex brokers that combine advanced tools with a reliable trading environment and much more?

Topasiafx is breaking down the list of top 10 forex trading platforms who are best in the business till now. Technically, we're guiding you through updated forex trading processes and procedures for several countries.

Unbiasedly, we found the brokerages below among the 2021's top 10 forex brokers in the world.

Why top 10 brokers in the world?

Aren’t sure which forex broker is right for you?

Topasiafx is here to recommend so you can have no major headache. The reasons and qualities you are looking for when choosing the BEST forex broker to trade with can be very overwhelming.

As a trader, you must make your own homework to pick up a brokerage firm that is among the top 10 forex brokerages. This will decide your success or failure. Similarly, this will be saving you a lot of time down the road and keep your focus on your trading strategies.

Dude, did you read what we just said?

Here is a checklist of the main characteristics you should check out when you are deciding on the latest forex brokers out there.

Ultimate security: like it or not, you always need to look for a SECURE forex broker. Really, you want to hand over your hard-earned money to a company that claims to have the strongest regulatory bodies in the world!

Never be intimidated by false claims and bonuses. The good news is that verifying the regulation of a forex broker is not that hard nowadays.

Deposit & withdrawal: there is no reason for any broker in the world to make your life like hell the time you want to withdraw your profits. You must put this quality on your regulated forex brokers as it is going to facilitate your trading experience. Don't forget that. Right?

Customer support: this is paramount when deciding on your best forex broker in the world. Make sure to test and pick up a broker who will support you along your forex trading journey.

Trading platform: when you look at the regulated forex broker in the world, go for a user-friendly and advanced trading platform that supports you to trade from anywhere, any device, and any time.

Execution: you need to make you make your own due diligence when deciding on the authorized forex brokers in the world. Look for the 2021's forex brokers to choose the one that fills you at the best possible price for your orders.

Last but not least, don't take a QUICK decision when choosing a forex broker. You can take more time to analyze your preferred forex broker to know clearly about their pros & cons.

Remember that only detailed research can help to go a long way and rise an investor's possibility of advancement in the 2020 forex market.

Fxpro- forex broker rating

We are fxpro. Before we put any FX broker on this list, we try as much as possible to calculate their usefulness. For our readers, we do not take chances. We base the forex reviews on ratings. Ratings take a lot of things into account.

We think to become an fxpro, know some of these important things we look at.

1. Regulation authorities

Our forex reviews look closely at the agencies that regulate the forex brokers here. They can be american, british or australian, among others. The better the regulation agency, the more the points an FX broker will score.

2. How old is the company?

The track record of an FX broker is easier to determine if they are old. When they have had time in the market, it means that we have some history to look back at. Using these criteria, we can assess reputation.

3. Offices and branches

The greater the geographical coverage of an FX broker, the more points they score. As fxpro, we look at all the places where they are available.

4. Commissions and spreads

To compete in the forex market, a company can either offer low spreads or support high levels of spread. The lower the spread offered, the more points an fxpro company earns.

5. Analytical services, reviews, and forecasts

In the service of the customers, fxpro companies will offer an analysis of what they think will happen. The forecasts and predictions help customers make the right decisions. We look at: daily, weekly and monthly analysis, availability of analysis department, and multilingual analysis.

6. Customer reviews

We have neutral, positive and negative reviews. A positive forex review gets an added point, neutrals get half a point and negatives get minus one point.

7. News about the company

As always, it is much easier on the mind, to know how the broker you work with is doing. This will let you know the health of the fxpro you signed up with. The news has opportunities for you that include new developments among other important facts.

8. ECN and PAMM accounts availability

If an FX broker has either of these, they get extra points. They will help you have access to interbank networks, forget about delays in orders and distribute investments in several PAMM accounts to reduce risk.

9. Forex competitions

Yes, they exist. FX brokers should be able to have the competitions. They will help you as a trader, test your capabilities against the other traders. It is very exciting.

10. Education for free

This is something that many of the fxpro companies are implementing. Many of the people who want to trade do not have funds to learn from professionals. In recent times, our forex reviews include facts about the availability of free education.

Number of payment systems available

Automated withdrawals

Website performance

It takes a lot of time and work to get all this done but now; you have nothing to fear. We have done it all for you. Check out our lists.

Find out best forex broker in the world by country in 2021

The global forex market is enormous and makes it challenging to find the best forex broker in the world. When we look for the top 10 forex brokers in the world, we kept in mind about both beginners and experienced traders. There are some differences among the forex brokers from different countries. When we make the list of forex brokers from different countries, we look for several significant key features such as product offerings, platforms, customer support, education facilities, research, and trustworthiness.

With the extensive research and proven methodology, we have found out the best brokers. Here in this article, we will discuss the factors we looked at and our methodology. Our mission is always to help the traders to choose the best stuff on forex trading. Let’s dive deep into the details of the best forex broker .

best forex broker in the world by country

How we choose the best forex broker in the world?

We devoted significant time and attention to develop a list of the brokers who are considered to be best in the world. However, we did not make it from anywhere. We researched for a long time and came out with a list by considering the following criteria.

Regulatory compliance: it is the first factor to categorize the best forex broker in the world. However, there are no central regulations for brokers. But, regulations are varied from country to country. Since forex brokers are from different countries, they have to follow the country of origin’s forex regulations.

Fancy professional looking website never guarantees to be the top 10 forex brokers in the world. Instead, having the membership of a regulatory body does make a broker one step ahead. Besides, without the regulatory compliance, a broker should not be counted as a forex broker.

For this, we have looked at the “about us” section of a broker if they have a membership. We omit all the brokers without membership. When we found a broker with membership, verified it with the regulatory websites. Then, added to the list of top 10 forex brokers in the world. So, a trader is safe to select any of the brokers from our list.

Account details: the next thing we have checked the account details of the broker. Since each forex broker has various offerings, we had to check all the components one by one. The details we checked for the best forex broker in the world are-
- Leverage and margin: forex brokers offer a different level of leverage. However, the amount depends on the broker. The leverage could be 50:1 or 200:1, and may more. Leverage usually works in the trader’s favor, which potentially increases the profit. On the other hand, it can also destroy all the investments.Having that in mind, we have checked the margin and leverage intensely. The trusted and reputed ones we listed as best forex broker in the world.

Commissions and spreads: we also looked at the spreads and commission amounts of those brokers before put them in the top 10 forex brokers in the world.

Initial deposit: it is one of the main factors as a deposit is a must to start trading. However, most of the forex brokers allow small initial funding. Besides, some brokers offer a large amount of deposit initially. Usually, those brokers are for advanced users who want to leverage their income more. And we considered both types of brokers for our handpicked list.

Currency pair: most of the brokers offer popular currency pair in their trading list as those currencies are easy to trade and have quick liquidation value. However, some brokers may offer all types of currency pairs. So, it is essential to select the broker that offers your desired currency pair. Most of our listed brokers offer all types of currencies, and some offer only popular currencies.

Customer support: forex market remains open for 24 hours a day. Most of the broker offers 5 days of customer support, while some may offer seven days. It doesn’t mean that providing five days is not the best forex broker in the world. Top forex brokers also offer 24/5 rather than 24/7 customer support. So, we have listed both customer support types. Furthermore, we focused their service and accessibility instead of how many days they are open for support.

Trading platform: for beginners, success in forex trading depends on the platforms. As newbies need a simple and easy trading platform, while experts may use the complex one. So, we focused on both beginners and experts and made the top 10 forex brokers in the world’s

Broker tools: to survive on market volatility and associated risk, most investors want a broker with some risk management tools. So that they can provide analysis before investing. However, order types and demo accounts are the two most important and common risk management tools.

Order types reduce the loss when price movement goes against you. Most of the broker offers basic order types, for example, stop-loss orders and market orders. On the other hand, some brokers offer guaranteed stop-loss orders, which is mostly for the more advanced traders. It also lets a user close at a specific price. We have considered and tested all the order types for the entire best forex broker in the world.

A demo account is another tool that every trader should use. It shows the quality of a broker. Furthermore, the demo account helps to judge a broker properly. As the trader can open a demo account before depositing the fund, it reduces the prospective loss if the broker turns out as scam or bad.

We have checked almost all the forex broker through the demo account. Additionally, the satisfactory ones were included in the top 10 forex broker in the world.

top 10 forex brokers in the world by country

Top forex brokers by country

The forex market is very competitive. As a result, there is a lot of brokers to help millions of trader. Brokers from different countries offer different services according to their regulations. Residents from those countries can get benefits easily for their country-specific brokers. Let’s see the benefits offered by brokers from different countries. Although we have considered each benefit and opportunity while choosing the best broker in the world by different countries.

Recently, australia has become one of the popular forex trading hubs. As more and more international brokers are opening their business in australia, it is growing sustainably. There was the latest regulatory restriction in the european forex market, which makes all the brokers move in australia. So, in the near future, most of the best forex broker in the world will be found in australia.

Additionally, the australian financial system is favorable for finance services. However, australian forex broker needs to properly follow the australian securities and investments commission’s (ASIC) regulation. So, while we made the list of the best forex brokers from australia, we check with the ASIC.

The forex market in the USA is highly regulated and opening a forex broker business is not easy in there. All the brokers in the USA need to main the corporate governance standards as well as disclosure of financial reporting. So, US traders don’t need to worry about safety.

However, forex brokers in the USA mist attain the membership of the national futures association (NFA). Besides, they are regulated by the commodity futures trading commission (CFTC). US forex brokers may provide leverage up to 1:50 for major currencies while they can provide only 1:20 for minor currencies. Furthermore, they can no provide hedging due to the first-in, first-out (FIFO) rule.

Unlike the USA, canadians brokers are not active in the forex industry as citizens can trade with any best forex broker in the world from any country. So, local brokers don’t get enough traders. However, there are only a few native forex brokers who operate in canada. Canadian brokers are not strictly regulated like the USA. They need to maintain their tax files properly. Broker’s regulation depends on the provenance. Although, canada is not harsh on brokers as there are no significant restrictions like the USA.

UK is the home of the top 10 forex broker in the world as the UK economy is trusted. Besides, the regulatory environment is favorable for both brokers and investors. Financial conduct authority (FCA) oversees the UK regulations, which ensures the investor’s fair deal while trading.

South africa

Once upon a time, african countries were the hub for scammers. But, recently, forex brokers tend to open their business in south africa (SA) as their economy is growing rapidly. Besides, financial service’s demand is also increasing to the citizens. Rising regulatory pressure in europe also makes the broker move out to SA. Brokers in south africa are regulated by the financial sector conduct authority (FSCA). There are a very few best forex broker in the world has an office in south africa, and they offer bonuses to the traders. For your information, bonuses are not allowed in the european union region.

Singapore is one of the top five forex centers in the world as its forex turnover is between $260-$300 billion/day. At present, there are more than 600 forex brokers are located in singapore, which includes banks, CFD brokers, and insurance companies to the forex. Among those, some of them are listed in the top 10 forex broker in the world. Monetary authority of singapore (MAS) regulates the forex brokers in singapore.

Dubai offers huge opportunities to trade in the forex. Securities commodities authority (SCA) of UAE regulates the forex brokers in dubai. However, the central bank of the UAE also regulates potential brokers. So, trading in dubai with regulated brokers is safe and reliable.

The asian economy is having its peak within a few years, which attracts more forex traders and brokers in this region. However, southeast asian countries are getting active in forex trading recently. However, some countries like bangladesh banned forex trading because of money laundering issues. On the other hand, retail forex trading is illegal in some asian countries like india. But, there are some loopholes too, which attracts traders from those asian countries to trade.

Since 2000, OTC forex trading is illegal in india. But, some traders are still trading through some undisclosed loopholes anyway. According to indian law, indians cannot send money to a broker account abroad. However, the indian trader uses third parties such as skrill, neteller to deposit funds with foreign brokers.

Of course, legal trading is also available on local exchange in india.

New zealand

New zealand has some best forex broker in the world, as there is no strict restriction like the US. Although NZ offers a simple registration process for the brokers. Furthermore, brokers are not fully regulated in new zealand. That’s why we had to test a lot of brokers to pick a broker from NZ to our top 10 forex broker in the world list.

As we all know, the swiss banking system is popular as one of the most secure and sophisticated systems. All those things make swiss brokers as trusted, reliable, and advanced to among the traders.

Swiss brokers need to sign the swiss banks and securities dealers agreement, which ensures the trader’s protection. However, licensed banks can only act as a forex broker in switzerland. As a result, some of the swiss brokers become the best forex broker in the world.

Conclusion

Given the fact of the changes in the online forex industry and market volatility, we act more intensely to provide our readers unbiased opinion on the best forex broker in the world. Besides, our top 10 forex broker in the world is handpicked by our experts, which is helping the trades to make their decisions throughout the year.

So, let's see, what we have: here listed recommended top 10 forex brokers rating and complete guide to start your trading with confidence. Find to select your best forex brokers... At top 10 forex brokers in the world