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Given that FX brokers were able to hold tightly onto the real statistics, the 95% to 99% estimations were precisely that, just estimations. Some brokers offer more complex instruments, like CFDs and derivatives. If you are interested in trading CFDs, dotbig review less-common currency pairs, or other financial instruments, seek out a broker with a wide selection. Currently, there are thousands of financial instruments you can trade on the platform which is good news for traders who like asset diversity.

  • IC Markets offers two Raw Spread Accounts and a Standard Account, all with variable spreads, on the MT4 platform.
  • When you consider that eToro traders’ winning rate is roughly 3 times more than the worst-performing brokers, it demonstrates why choosing your trading platform carefully is so important.
  • The EUR/USD spread was 0.9 at the time of this writing, which is a touch higher than our top picks, but fairly average overall.
  • Interactive Brokers for example, caters to sophisticated forex traders and charges a commission of 0.0008% on forex trades.

With the mission of placing “the world at your fingertips,” Saxo Bank offers 40,000+ different financial products and easily makes our list of top forex brokers. To help alleviate confusion from this plethora of choice, Saxo Bank also gives clients access to educational Forex tools and informational products to enrich knowledge . The platform has everything you’d expect to see in an online forex broker, including comprehensive charts and trading tools, a robust trading calculator, and real-time currency market sentiment information.

Which Forex Broker Offers the Best Platform?

XTB has offices in over 13 countries, including the UK, Germany and France, and over 450,000 customers worldwide. All the providers listed below are authorised and regulated by the UK’s financial watchdog, the Financial Conduct Authority . Identify your strengths and weakness as a trader with our exclusive cutting-edge behavioral science technology – powered by Chasing Returns. Join our analysts for a 60-minute webinar during the release of the Non-Farm Payroll report for instant analysis of the numbers and what they may mean for the markets.

best forex brokers

In addition to using Saxo Bank’s trading platform, you can also expand your trading options by adding third-party tools and their API. This forex broker is fully licensed and regulated as a European bank and supervised by the Danish FSA. They’ve been under this directive since 1996 and maintain good standing. Depending on where you are Forex in the world, CMC Markets is regulated by either Bundesanstalt fur Finanzdienstleistungsaufsicht or the Financial Conduct Authority . To keep your money secure, the company segregates funds and abides by strict custody requirements. Your funds will be kept secure in distinct money accounts that have been separated from CMC’s assets.

Best Forex Brokers Available Today

All you need to get started on eToro is to fund your account with a $200 minimum and you are good to go. You can also place trades of at least $25 and above and the platform has thousands of assets and stocks of roughly 2400 and counting across 17 different markets. You can even buy shares of companies based in the US, UK, Canada, Hong Kong and from several European stock exchanges by using this platform. 78.77% of retail investors lose money trading CFDs at this site. Leverage is the biggest feature offered by forex brokers that changed the trading game forever. With leverage, you can trade more volumes by borrowing from the broker thereby increasing your profit potential. However, leverage comes with greater risks too because the more leverage you use, the higher your risks.

If you’re looking for a wider selection, most other options on this list offer more. A broker offering sophisticated trading tools, and access to many investable markets and financial products. The powerful Next Generation platform they use is both user-friendly and full-featured, so CMC is a good choice for both beginners and experienced traders. There are both variable and fixed spreads, depending on the broker. Spreads can vary substantially between brokers, and between currency pairs. Brokers are always needed to facilitate trades of currency pairs.