A short review on top 10 best Forex Brokers of 2018

A short  review on top 10 best Forex Brokers of 2018

There are large number of people in online world who want to get several information about best Forex brokers. The question that is always asked in this regard most online is who are the best Forex Brokers? So, I had a long desire to write something on this query .And today I am going to write a short review on top 10 best Forex Brokers of 2018.

A list of top 10 best Forex Brokers of 2018 along with short review is presented below:

A list of top 10 best Forex Brokers-

  1. Markets.com
  2. FxPro
  3. IG Markets
  4. Oanda
  5. Saxo Bank
  6. Forex.com
  7. XM.com
  8. HotForex
  9. IC Markets
  10. Direct FX

A short review on top 10 best Forex Brokers-

  1. Markets.com:

Markets.com is the one of the best, most admired and internationally recognized Forex trading provider with multiple trading platform which offers trading instruction and secures access to your trading account via web browser, laptop, PC, and mobile. For this reason at present Markets.com has been a clear example of a Top Forex Broker.

Markets.com is a well-known Forex & CFD broker which is fully authorized and regulated by the Cyprus Security & Exchange Commission (CySec) .This company offers online trading service in currencies, metals, commodities and indices.  Leverage up to 300:1 is provided by the company. You can start trading here with $100 only. Different methods of deposits and withdrawals are offered by this company, such as credit/debit card (Visa card, Master card or Diners club), wire transfer and local payment systems.

Several trading platforms are offered at market.com, such as-WebTrader, MetaTrader4 etc.

Markets.com supports fifteen several languages, such as French, Arabic, Italian, German, Spanish, Polish, Romanian, Slovakian, Portuguese, Norwegian and Swedish.

In order to get started with market.com, you have to setup an account with company by providing some necessary information. The verification process is completed within few hours. An unlimited demo account is offered for new traders. Anyone can practice new trading strategies with virtual balance offered by the company before being experienced.

At a glance some information about Markets.com

  • Type of broker: Market Maker
  • Acts: CySEC, FSB
  • Minimum deposit amount : $ 100
  • Leverage ratio : up to 1: 300
  • US Customers: No
  • Country/ State: Cyprus
  • Others tools : Stocks, indices, ETFs, CFDs, Commodities, Bitcoin
  1. FxPro

The English broker FxPro was founded in 2006 .It is always one of the best brokers for the ECN/STP category which is most popular to many traders. FxPro won different awards over the years for its outstanding performance. It always offers several new technologies to its traders. Many successful traders are using its (FxPro) several services such as – FxPro Quant Strategy Builder, cAlgo Algorithmic Trading, FxPro Library and FxPro VPS those are really helpful for traders.

 

At a glance some information about FxPro

  • Type of broker: STP (Straight Through Processing)
  • Acts: CySEC, FCA
  • Minimum deposit amount : $ 100
  • Leverage ratio : up to 500:1
  • US Customers: No
  • Country/ State: UK
  • Others tools : Stocks, Indices, Futures CFDs, Commodities
  1. IG Markets

At present IG Markets has been able to achieve a lot of reputation by this time for its outstanding services. IG Group is such a company which offers financial derivative trading like CFDs and financial spread betting. The majority activities of this company are based in UK but it has also expanded its activities in international market. It is an enlisted company in London Stock Exchange which is a part of FTSE 250 Index.
The company had been established by Stuart Wheeler in 1974. IG Index and IG markets are the operating company of IG Markets. IG markets have been into CFDs which present it in currency markets in same range. The key people of these organization are Andy Green acting as chairman and Peter Hetherington as CEO. As per report of 2015, the company had revenue of 427 million pounds and net income of 131.9 million pounds.

At a glance some information about IG Markets

  • Type of broker: ECN/STP & Market maker
  • Acts: FCA UK, ASIC, FINMA
  • Minimum deposit amount : $ 200
  • Leverage ratio : up to 200: 1
  • US Customers: No
  • Country/ State: UK
  • Others tools : CFDs, Stocks, Commodities, Indices, ETP, Options , interest Rates, VIX, bonds, bitcoin, IPO
  1. Oanda

OANDA is a foreign exchange company of Canada which had been established in 1996 by Richard Olsen and provides several services, such as update information on forex, facility of online retail foreign exchange trading (Forex), facility of currency transaction and conversion. At first it had been opened in Delaware only to provide live currency details through online. Then company website used to provide several free tools for data history tables, currency conversion, multilingual interface, data analysis and news.

In US, at present OANDA has been considered as non-bank FCM (Futures Commission Merchant) which is specialized in spot trading of forex and a member of National Futures Association and also registered with Commodity Futures Trading Commission (CFTC).
The feature that makes this broker unique is – here you can start trading with a nominal amount.

At a glance some information about Oanda

  • Type of broker: Market Maker
  • Acts: NFA, CFTC, FCA UK, IIROC, MAS Singapore
  • Minimum deposit amount : none
  • Leverage ratio : up to 50:1
  • US Customers: Yes
  • Country/ State: Canada, USA
  • Others tools : Indices, Commodities, bonds, CFDs
  1. Saxo Bank

Basically Saxo Bank is known as an investment bank in Denmark. The products of the company are online trading, Investment banking, trading platform and investment. The headquarter of this organization is in Copenhagen.
The company had been established in 1992 by Lars Seier and Kim Fournais. A small portion of share of this company had been bought by General Atlantic for $30 million and later same portion of share was purchased by TPG Capital for DKK 9.6 billion in 2011. The key people of this organization are Lone Fonss Schroder as Chairman, Henrik Normann as Vice-chairman, Kim Fournais as Founder & CEO and Lars Seier as Founder.

At a glance some information about Saxo Bank

  • Type of broker: Market Maker
  • Acts: FINMA
  • Minimum deposit amount : $ 10,000
  • Leverage ratio : up to 100: 1
  • US Customers: No
  • Country/ State: Denmark
  • Others tools : Stocks, Options, ETFs, ETCs, Futures, CFD, Bonds
  1. Forex.com

The company had been established in 1999 as GAIN Capital Group. In 2004, FOREX.com had been launched by GAIN Capital Group to help traders in foreign exchange market (forex).  GAIN Capital uses the name “Forex.com” for Brokerage business in currency trading. GAIN Capital Holdings, Inc. is a financial service company situated in America. Headquarter of this company is in New Jersey. This company has been specialized in online trading since 1999.Different types of services are provided by this company regarding currency trading. Besides, the website of this company provides educational tools on currency trading those are really helpful for beginners.

The key persons of this organization are Glenn Stevens as CEO, Nigel Rose as CFO, Samantha Roady as president, Jeff Scott as COO and Mike Lear as CIO.

At a glance some information about Forex.com

Type of broker: ECN/STP – Market maker

  • Acts: CIMA, NFA, CFTC, FCA, IIROC, ASIC, FFA, MAS, SFC
  • Minimum deposit amount : $ 250
  • Leverage ratio : up to 200:1
  • US Customers: Yes
  • Country/ State: US
  • Others tools : Indices, Commodities
  1. XM.com

XM.com was founded in Cyprus in 2009 which has been the biggest forex broker in Cyprus and third in the world with remarkable growth rate in recent years. This broker offers services through different platforms like MT4 (Meta Trader 4) and MT5 (Meta Trader 5).

It should be mentioned that this company has won several awards in the last couple of years/ in recent years like “Fastest Growing Broker”, “Trading Platform with Best Execution”, “Best innovative Forex Product” and “Best trading Execution Broker”

At a glance some information about XM.com

  • Type of broker: Market Maker
  • Acts: CySEC, ASIC
  • Minimum deposit amount : $ 5
  • Leverage ratio : up to 888:1
  • US Customers: No
  • Country/ State: Cyprus
  • Others tools : Indexes, Commodities, Stocks, CFDs
  1. HotForex

HotForex is also known as HF Markets Ltd. It is a Caribbean based broker and was founded in 2010. Though HotForex is comparatively young, it promptly became one of the largest brokers in the world. Its Daily growth report indicates so. It operates its activities in Europe through a CySEC license.

A wide range of platforms are offered by this broker, such as desktop, web and mobile. It also allows the possibility of using the MT4 with Mac. HotForex is renowned for its great security systems about the funds of its clients. By this time HotForex won several awards like “Best Client Funds Protection Broker Awards” and “Best Forex Broker”.

At a glance some information about HotForex

  • Type of broker: STP
  • Acts: CySEC, FSC
  • Minimum deposit amount : $ 5
  • Leverage ratio : up to 1000: 1
  • US Customers: No
  • Country/ State: St. Vincent & the Grenadines
  • Others tools : Indexes, Commodities, Stocks, CFDs
  1. IC Markets

Sydney based IC Markets was founded in 2007 which is the first Australian forex broker and became one of the largest brokers in the world in recent years. And it’s still being developed rapidly. IC Markets has been renowned for its latest cutting-edge ECN technology which has made it eligible to become one of the best brokers in the world. For this reason this broker has been able to win the hearts of most of the traders worldwide.

At a glance some information about IC Markets

  • Type of broker: ECN/STP
  • Acts: ASIC
  • Minimum deposit amount : $ 200
  • Leverage ratio : 500:1
  • US Customers: No
  • Country/ State: Australia
  • Others tools : Commodities, Indices, Futures, CFD
  1. Direct FX

Direct FX  is another Sydney based broker which was founded in 2006. It is the third Australian forex broker of which reputation spread out worldwide by this time. Most of the customers of this broker are Chinese and they are enough experienced in forex trading. Direct FX has become very popular among the experienced traders especially who are habituated of using advanced platforms (the CQG FX and CQG ONE, the MAM and VPS solutions). Besides, this broker gives opportunity to use binary tools which have been very popular among the traders worldwide in recent years.

The goal of this organization are to provide best environment and necessary tools & instructions for its customers.

The management team of this organization is very experienced and skilled in their own profession. Most of the members of management team have got up to 40 years experience. This company always focuses on applying new technologies in trading so that its customers can succeed in this business easily.

At a glance some information about Direct FX

  • Type of broker: ECN/STP – DMA/STP
  • Acts: ASIC
  • Minimum deposit amount : $ 100
  • Leverage ratio : up to 400:1
  • US Customers: No
  • Country/ State: Australia
  • Others tools : Futures, Commodities, Stocks, CFDs, binary options

In this article the brokers those have been presented are being considered as top 10 best Forex Brokers in recent years. But this situation may change any time. So, before joining with any broker try to collect latest information in this regard from online. Thanks a lot for reading this article. If you like this article please share it with your friends. And if you have any question in this regard please don’t hesitate to ask me.

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