As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers. There are over 50 indicators available in the mobile app covering all the most well-known ones, such as Bollinger Bands and MACD, and other newer ones, such as the Stochastic Relative Strength Index. While there are no drawing tools in the app, it still provides a lot of features not found in other forex brokers’ trading apps and is well worth trying out.

What fees to consider?

CMC Markets has the biggest number of currency pairs, with more than 338 pairs on offer with the Next Generation Trading platform and 175 with MetaTrader 4. The broker offers all the Major Forex Pairs and a decent list of minor and exotic pairs on offer. Other low-spread forex brokers we like include Pepperstone for zero-pip spreads, Fusion Markets for low RAW spreads and OANDA for low Standard account spreads. This is because ECN (Electronic Communication Network) brokers offer a solid and fair pricing model, with technology that provides high-speed execution. As such, ECN brokers can offer increased pricing transparency and lower spreads while often reducing slippage and re-quotes because of the fast trade execution. These supervisory bodies regulate forex by setting standards for all brokers regulated under their jurisdiction.

Every broker will charge small fees for the services it offers to its clients. Brokers may apply both spreads and commissions to forex trades, making a profit from each type of fee. However, it is common for brokers to impose zero commissions on trades and instead, increase the spread that is applied to forex orders. Pocket Option distinguishes itself in the forex arena with its focus on user-friendly quick trading. This platform appeals to both novice and seasoned traders by providing intuitive tools and a seamless trading experience.

– Most Trusted Social Trading Platform

A strong choice for US traders with global access, due to its NFA and CFTC regulation, which provides solid regulation, multiple platforms, and competitive pricing. Furthermore, JustMarkets offers traders a variety of specialised trading features and tools to improve their trading experience. Known for its user-friendly interface and competitive trading conditions, AvaTrade caters to both novice and experienced traders worldwide. IG Group offers the most CFDs, with an extensive range of over 13,000 trading instruments. This includes 110 forex pairs, 13,000 shares CFDs, 130 indices and over 2000 ETFs.

Below is a list of Forex brokers in the world, ranked based on spreads, execution speed, and trading features. XM is a well-established online brokerage firm that provides a wide range of trading services for forex, commodities, indices, stocks, metals, energies, and cryptocurrencies. Founded in 2009, XM has grown into a globally recognized interactive brokers forex review brand, serving clients in over 196 countries. Exness is a prominent online brokerage firm specializing in forex and CFD trading.

• These technologies help traders analyze market data more effectively and make faster, informed decisions.
• You are restricted to MetaTrader platforms as a standard account holder, while RAW accounts are available with MT4, MT5 or cTrader.
• It is wise to review the deposit and withdrawal methods and their respective fees so you are not surprised by any high charges.
• I particularly appreciated the in-built news and analysis from tastyfx’s own in-house analysts, as well as the automated chart pattern recognition tool directly on the platform.

I also discovered a good selection of educational materials, including a course on Learn to Trade Crypto. The content is high quality and covers topics for beginner, intermediate, and pro traders. There’s also a wide range of platform video tutorials and webinars to support crypto CFD trading. In forex trading, the spread refers to the difference between the bid price and the ask price of a currency pair.

IC Markets and Pepperstone are considered two of the best ECN brokers in the world. They both offer tight spreads, fast execution, and direct access to liquidity providers. These brokers are well-regulated and provide excellent trading conditions, making them popular choices for traders looking for transparent and efficient trading environments. With plus500 canada its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders.

What is the role of regulation in forex trading?

Moreover, RoboForex provides free Virtual Private Server (VPS) hosting, enabling low-latency trading for its users. If you’re uncertain about which trading platform to choose, consider exploring each one using a broker’s demo trading account. This approach will help you identify the platform that best suits your needs. A forex broker may charge several types of fees and traders must be aware of them to maintain profitability. While the Saudi Arabian Capital Markets Authority and Saudi Central Bank ensure proper market liquidity for the Saudi Riyal and oversee financial institutions, they do not regulate forex brokers.

• Pepperstone is an award-winning brokerage that combines low fees and spreads with several highly-customizable platforms.
• The best way to test the fees for yourself is to use a demo trading account or open a live account with the minimum deposit first.
• Founded in 2009, it is headquartered in Belize and offers more than 12,000 tradable instruments exclusively via its flagship R StocksTrader platform dedicated to stock trading.

Which Broker Has Trading With The Most CFDs:

Apart from the MetaTraders, FOREX.com also has its own proprietary web-based platform. It comes with over 70 technical indicators, 50 drawing tools, as well as an alert/notification feature. The proprietary platform is quite customizable, user-friendly, and supports plenty of advanced order types.

Are there any specific restrictions on leverage in Saudi Arabia?

Professional traders can enjoy access to a broad range of trading platforms that cater to different trading styles. Established in 2002, FxPro is headquartered in London and is authorized and regulated by the FCA, CySEC, FSCA, and SCB. It offers over 2,100 financial instruments, including CFDs on forex, commodities, stocks, indices, and cryptocurrencies. FxPro provides an excellent range of products, tools, and services that cater to the needs of professional traders. HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.

Saxo: Best for Range of Offerings

Saxo delivers this broad offering with superb trading technology, excellent customizability, support in multiple countries, and a lot more. CMC Markets (CMC) was founded in 1989 and is publicly traded on the London Stock Exchange under the ticker CMCX. From its inception, the company has operated with a focus on making financial markets truly accessible for investors.

Our team of expert traders tested several regulated and trustworthy forex brokers and compiled a toplist with the best among them. Each broker received a quality score based on several factors, activtrades review including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more. A forex broker provides access totrading platforms where individuals can buy and sell currencies.

I also assessed that a typical value of trade on both account types – $7 and $7.5, respectively – stands below the industry average. Hence, I concluded that IC Markets has one of the most competitive pricing models in the industry. Forex.com also gives traders access to more than 80 currency pairs, and you’ll get access to the broker’s own trading platform in web and mobile versions, or use MetaTrader platforms if you prefer. Most trading platform solutions boast a user-friendly interface, so it will take you no time to master the quickest way to access markets and orders.

What’s more, you can trade a large range of 80 forex pairs with these low spreads, adding to the appeal of Fusion Markets. The tests done by our colleague Ross Collins found Fusion Markets has the lowest RAW/ECN-style spreads for AUD/USD, USD/JPY, second lowest spreads for GBP/USD, USD/CAD, USDCHF and 3rd lowest for EUR/USD. If we average out the results, Fusion Markets has the lowest overall average of 0.22 pips. For its RAW account, Eightcap achieved an average spread of 0.06 pips for EUR/USD, which is the second lowest we’ve encountered, just behind IC Markets at 0.02 pips. Again, this compared very favourably to the industry average of 0.22 pips for EUR/USD.

Octa provides clients with tight spreads, fast execution speeds, and flexible leverage options to enhance their trading experience. FBS offers flexible leverage options, tight spreads, and fast execution speeds to accommodate the varying needs and preferences of traders. Including forex currency pairs, commodities, indices, cryptocurrencies, and shares.

Its average execution speed reaches 14 milliseconds, making IG one of the best brokers in the world with respect to speed. I found the broker’s copy trading offering very accessible since beginners can copy the strategies of other traders with as little as $100 in their account balance. FXTM’s copy trading feature offers signal providers and signal followers a chance to interact with each other and generate revenue/profits from each other. Tastyfx allows spreads as low as 0.8 pips (a pip is one ten-thousandth of a point) on the most traded currency pairs.