Here is a list of the best Forex Brokers for the most profitable trades
Choosing the right broker is what determines a trader’s life. Forex, or what is also called FX, means foreign exchange and is the latest form of investment. The best Forex broker platforms will give you easy access to buy and sell currencies all over the world, from the most stable currencies such as dollars, pounds and euros, to the most volatile currencies.
How much money you make depends on the price at which you buy or sell, which can fluctuate dramatically. This is why trading FX can be considered a risky option even though it is being bought and sold for around 3 trillion dollars per day.
Almost all Forex trading platforms will offer high-tech charts and market news for you to analyze. Best Forex Broker and profitable offers an easy-to-use platform, low trading fees, and quality educational materials.
1. Best in terms of speed
Its combination of features, varied asset availability and a long-term track record of success make FxPro an award-winning platform for traders. Thanks to its speed, safety and reliability, FxPro has attracted more than 1.3 million clients from 170 countries.
- Various types of trading instruments
- High level of safety and reliability
- Advanced algorithmic trading for cTrader
Founded in 2006, FxPro is a global forex and CFD broker with a longer history than any of its competing platforms, and the best reliability to continue using it.
2. Best Spreads
The OctaFX ECN / STP platform is a special entry point for novice retail traders, offering trades that can be executed in less than a second, low spreads and copy trading options.
- Execute orders without hidden fees and swaps
- A rich study platform complete with discussion, analysis and facilities
- Copy trading feature for successful traders who want to share their strategies
OctaFX is an ECN / STP broker providing super fast market execution in under 0.1 seconds and ultra low spreads starting from 0.4 pips. This broker provides deposits and withdrawals of funds through various facilities free of charge. OctaFX provides several platforms best forex trading software including MetaTrader 4, MetaTrader 5, and cTrader for desktops, tablets and mobile phones. Established in 2011.
3. Best Interbank Trading
- Perfect real-time trading, analysis and news tools
- Scalping with spreads starting from 0.1 pip
- Regulated by Swiss banks and securities dealers with deposit protection
With a combination of access to the Swiss Foreign Exchange Marketplace with an enhanced trading platform and a strong Forex Brokerage service through banking partnerships, Dukascopy Swiss Forex Group continues to set the global industry standard for interbank Forex trading. Established in 2004.
4. Best for Beginners
Olymp Trade is an international online platform for profitable forex trading in financial markets. Every day, more than 30 thousand traders from 20 countries trade here. Operation Olymp Trade is the best forex broker regulated by the Financial Commission, an independent international organization.
- Invest easily using any device on an intuitive trading platform
- An active community of traders online and a 24/7 support team
- Guide and video tutorials education
Established since 2014, Olymp Trade has been dedicated to developing a platform and educational library useful for traders of all levels. The platform provides a number of perks, including a growing webminar library, a D10,000 free rechargeable demo account, state-of-the-art trading tools and 1 to 5 working days of withdrawals.
By offering very low deposits and investments, Olymp Trade has made trading affordable and is the best and most profitable forex broker for all traders, both beginners and professionals. Trade currency pairs, metals, stocks, indices and commodities Monday through Friday, while cryptocurrencies can be traded and traded every day. Their payment systems namely Qiwi, Skrill, WebMoney, Visa or MasterCard make it easy to top up accounts.
5. Best diversity
FXTM aims to optimize the CFD and Forex trading experience with flexible leverage, fast execution, copy trading, customizable accounts, and mobile capabilities.
- Different types of accounts
- More than 30 payment methods
- Minimum deposit of 10 dollars
A newcomer to the CFD trading arena, Forex Time – or FXTM – was founded in 2011, and has quickly climbed the ranks to become a popular platform for traders of all walks of life. With a focus on various types of accounts, a huge number of deposit and withdrawal methods, and a powerful market analysis mini-site, the FXTM service is able to attract a wide variety of groups. These useful features are supported by its status as a licensed broker and complying with authorities such as the FCA and CySEC, which underpin its credibility among the traders it serves around the world.
6. Best Help Team
Alvexo’s multi-channel help and educational materials make it a popular choice for newcomers to Forex traders, while experienced traders appreciate its cutting-edge trading requirements.
- Trading platforms of various types
- Extensive educational material
- Daily market analysis and profitable trading signals
Alvexo is a regulated global Forex brokerage and investment company specializing in global financial markets. Alvexo is a registered trademark of the VPR Safe Financial Group Limited registered liability company, registered as a Cyprus Investment Firm (CIF) and regulated by the Cyprus Securities & Exchange Commission (CySEC). Established in 2014.
7. Best Security
AETOS Capital Group is a highly secure CFD and Forex platform offering live updates and educational materials to help traders make informed decisions from anywhere.
- Timely news and helpful market commentary
- Comprehensive study and analysis resources including Trading Central
- Routing is guaranteed safe with 256-bit SSL encryption and Verisign authentication
AETOS Capital Group which was founded in 2007 is a well-known global online broker specializing in financial trading services products. In the UK, this broker is authorized and regulated by the Financial Conduct Authority. The platform is also licensed and regulated by the Australian Securities and Investments Commission (ASIC).
8. Best Customization
The Exness Group is an innovative CFD and Forex broker specializing in customized trading terms, including fast withdrawals and unique leverage values.
- Low minimum spreads and balances
- Different types of accounts including Classic, Mini, ECN and Sharia
- Regulated by the FCA, CySEC, etc.
Founded in 2008, Exness is a broker that has nearly 60 thousand active client accounts from all over the world. Traders choose Exness because of the regulatory oversight and licensing of the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). This is also because Exness offers several types of flexible accounts and financial instruments to suit a variety of strategies.
9. Best Social Community
eToro is a leading global broker in co-trading and online investing. The broker’s cryptocurrency platform facilitates near real-time transactions and offers copy trading. An intuitive shared trading platform.
- Low cost
- Offers a wide variety of cryptocurrencies
- CFD and Non CFD trading
eToro was founded in 2007 and within a short period of time occupied the highest position in the financial sector by pioneering the art of trading together, or copy trading. The advantage of this platform is that it can socialize with other traders, investigate their profiles and strategies, discuss the markets, and duplicate their tactics.
10. Best for Individual and Institutional Traders
- Virtual Private Server Service by BeeksFX
- 8+ payment method for faster deposits and withdrawals
- Monthly promotions give privileged traders the opportunity to earn more money
Tickmill is a Forex and CFD trading service provider that is authorized and regulated in the UK by the Financial Conduct Authority and the Seychelles Financial Services Authority. With the aim of serving both individual and institutional investors, Tickmill offers first-class trading products with a major focus on CFDs, Forex, Stock Indices, Commodities and Bonds. Established in 2014.
And that’s the list of 10 best brokers according to their respective strengths and also as a profitable forex broker in 2020 that you need to try so that you are successful in forex trading.