WHO ARE THE BEST?


What do we look for in a Forex broker? Trustworthiness, reliability, advanced trading tools, signals, educational support such as webinars, e-books, tutorials, videos, no hidden fees and commissions and the list goes on.

A Forex broker has much in common with a banker. You are depositing your hard earned cash into the broker’s trust, in return for the promise that they’ll help you make it grow. Often however, all the promises are false and not only do they not build up your investment, but in the best case they make it very difficult for you to withdraw your deposit and in the worst case, you actually lose all your money.

How do you find a broker whom you can trust? A simple Google search under the term ‘Dolceformula’ gives you 2,450,000 results. If you search using the expanded term ‘Dolceformula’, you get 2,680,000 results. Traders who search for a regulated broker get the ‘505,000’ results. The most responsible way of finding the broker you can trust is to rely on broker and user reviews. At Best FX we do just this for you. We collate the reviews of the industry’s top brokers and analysts and set them out for you, for your ease and convenience.

Find Out Your Best Forex Trading Reviews – Forex Broker Reviews

TOP 10 FOREX BROKERS 2018

Advertiser Disclosure
Min Deposit
Promotion
Features We Like
Rating
Risk Warning
fxtm
$200
None
  • Loyalty Cashback Program
  • Follow Successful Traders & Copy Them
  • Hedging & Scalping Permitted
  • Trade any Market
  • Best FX Broker 2016 European CEO Awards
9.7
easy markets
$100
Up to 30% Deposit Bonus
Demo Account
Get Deal
  • Up to 30% Deposit Bonus
  • Trade CFDs With No Slippage – Ever!
  • No Commissions or Sneaky Fees
9.5
pepperstone
$100
Earn Qantas Points
on every trade
Get Deal
  • Award Winning CFD Broker
  • No Deposit or Withdrawal Fees
  • Fee-Free Funding Options
9.4
wise banc
$100
Earn Qantas Points
on every trade
Get Deal
  • 1 on 1 learning sessions
  • Access to webinars
  • Customize market updates
  • Free trading academy
  • Support 24/7
9.3
alpha
$100
Earn Qantas Points
on every trade
Get Deal
  • 1 on 1 learning sessions
  • Access to webinars
  • Customize market updates
  • Free trading academy
  • Support 24/7
9.2
markets
$100
Free 10K demo account
Get Deal
  • No Commission
  • Competitive Spreads
  • Advanced Innovative Trading Platforms
  • Check Trends with Traders’ Trends Feature
9.0
capital
$100
Free 10K demo account
Get Deal
  • No Commission
  • Competitive Spreads
  • Advanced Innovative Trading Platforms
  • Check Trends with Traders’ Trends Feature
8.9
24option
$100
Free 10K demo account
Get Deal
  • No Commission
  • Competitive Spreads
  • Advanced Innovative Trading Platforms
  • Check Trends with Traders’ Trends Feature
8.8
fxcm
$100
Free 10K demo account
Get Deal
  • No Commission
  • Competitive Spreads
  • Advanced Innovative Trading Platforms
  • Check Trends with Traders’ Trends Feature
8.5
exness
$100
Free 10K demo account
Get Deal
  • No Commission
  • Competitive Spreads
  • Advanced Innovative Trading Platforms
  • Check Trends with Traders’ Trends Feature
8.3

Terms & Conditions apply to the offers above as determined by the offering broker. Click ‘Visit Site’ for more details. DISCLOSURE: BEST FX gets commissions and referral fees from the sites that it promotes. Risk Disclaimer: Contracts for difference (CFDs) & forex trading carry a high degree of risk to your capital and you could lose more than your initial deposit.

FOREX FOR BEGINNERS

Forex traders speculate about currency price movements using a fairly small amount of capital. Let us say that due to market conditions, you believe that the Euro will rise and Sterling will fall in value, so you purchase Euros with Sterling and hopefully sell them for more Pounds when the Euro goes up. When you trade Forex CFDs you don’t actually own the asset or currency you are speculating on. Your profit comes from price changes in the underlying asset.

REGULATION
Because the completion is so intense and the currency markets are so volatile, it is essential for traders to choose a broker who are regulated by well-known authority such as the British Financial Conduct Authority or the Cyprus Securities and Exchange Commission (CySEC).
CUSTOMER SERVICE
Forex trading takes place 24 hours a day during working days, so make sure that the broker’s customer service are available at all times and that they answer the phone promptly. The last thing you want is to be kept waiting on the line.
As you become more professional you’ll want added perks so make sure that the broker offers a variety of account types. Look for competitive spreads and easy deposits and withdrawals. If they offer cash gifts or bonuses, be sure to read the small print.
CHOOSING A FOREX BROKER
As a rule, choose a broker who will not charge you any commission or fees for inactivity, and who allows you to withdraw your money at will. Make sure the platform is rich in trading tools and has a developed education center.
ASSETS OFFERED
Don’t limit your trading to currency pairs. Build a portfolio that includes indices, commodities and even cryptocurrencies if appropriate. Make sure to benefit from the brokers free webinars. It’s the best way of getting pressure free instruction from the brokers top trading professionals. Always ask for a recording of the webinar to enjoy it at leisure in your own free time.
TRADING PLATFORM
The trading platform is where you’ll be making your money, so it has to be easy to use and straightforward. It is crucial that it offers an advanced collection of trading and analytical tools to make your trading experience a more profitable one.