Forex Best Brokers

When looking for the best forex broker on the internet to suit your particular needs, the first consideration will always be whether or not you feel comfortable entrusting the broker with your trading capital.

Furthermore, if a broker you are considering doing business with has a generally poor reputation among its clients or is not overseen by one of the major regulatory agencies, then you would be well advised to consider looking elsewhere for the brokers that the retail forex market has to offer.

Some of the top forex brokers in terms of their trustworthiness and reputation are eToro, Easy Forex and AvaFX. To set up an account with them in order to start trading currencies, you typically just need to visit their website, select an account type, fill out a form and provide suitable documentation.

Once the account has been opened, you will then need to fund it. This can usually be done via bank wire transfer or credit card payment, although even Paypal funds can be used in some cases.

Here is a short description of these leading brokers, to help you get to know them a little bit better:

eToro - Ideal for Absolute Beginners or Forex Dilettantes

Many people who are new to trading the foreign exchange market or who are not really serious about becoming full time traders are considering opening up accounts for the very first time. One of the best online brokers for such traders is eToro.

Entry level traders might find the educational materials and the simplistic, yet rather entertaining, graphical trading interface offered by eToro to be helpful as they hone their trading skills and set about developing a consistently profitable trade plan for themselves. Furthermore, those who are less committed to forex trading might enjoy the games offered by the broker.

Of course, they might want to graduate to using a broker that offers a more professional and traditional style of trading platform once their initial training and trade plan development phase has concluded. Nevertheless, more experienced traders still might find some of the market commentary provided by eToro useful, and they can always have a little fun watching eToro’s graphical platform that features games and currency symbols competing against each other.

Read more about eToro

Easy Forex - One of the Best Brokers for Novices

Another internet forex broker that has developed a good reputation among retail traders for helping those new to forex trading get started on the right foot is Easy Forex. Like eToro, Easy Forex provides its clients with extensive training materials and good customer support aimed primarily at novices.

One of the advantages of Easy Forex over eToro is that Easy Forex introduces novices gently to a more professional style trading platform so that they can more easily adapt to using just about any broker’s forex trading platform as their trading skills advance.

Read more about Easy Forex

AvaFX - Suitable for All Trading Levels

Many traders consider AvaFX to be one of the top online brokers since their trading platform is both simple enough for beginners to use, as well as sufficiently sophisticated for trading experts to appreciate its features.

Another major advantage of AvaFX is that its platform permits a broader based trader to monitor and take positions in a variety of financial instruments, as well as the major currency pairs. For example, AvaFX allows you to trade commodities like oil and gas, precious metals, sugar and cotton, as well as major stock indexes like the DJIA, the S&P500, the FTSE100, the DAX40, the CAC30, the Italian MIB index, and the Nikkei 225.

Read more about AVAFX

Best way to learn the trends in currency markets is to follow-up on latest News before taking any trading action.

Forex Trading News

Here are the latest Forex News as provided by

EUR/USD Weekly Analysis 26 June 2017 – Rangebound in a Quiet Market

The EURUSD remains in a range which forms a bull flag on the longer-term charts. Activity has tapered off ahead of summer holidays, and news flow is expected to be quiet. Both the top and the bottom of the range have already been convincingly tested and held. Fundamentals and the chart pattern still support long […]

EUR/USD Weekly Analysis 19 June 2017 – a Rangebound Market with a Slightly Bullish Bias

The Fed hiked rates as expected and Janet Yellen insisted they will raise rates again this year. The USD did strengthen on the back of these comments, but gave up most of those gains when weak consumer confidence and housing data was released on Friday. The market is not convinced by Yellen’s stance, which is […]

EUR/USD Weekly Analysis 12 June 2017 – Waiting for the Fed

The Euro has lost momentum over the past two weeks, though the fundamentals driving its rally remain in place. Last week the Eurozone news flow didn’t do enough to keep the rally going, and the UK election result weighed on currencies across the Eurozone. The main event this week is the FOMC rate decision and […]

EUR/USD Weekly Analysis 5 June 2017 – News Flow to Dominate the EUR/USD Story this Week

The technical picture for the Euro is quite simply that it is going up. The charts are telling us very little about how fast that may be or how deep the corrections may be. (EUR/USD Weekly Chart – The rally resumes) However, there is plenty of news and data this week, and fundamentals will probably […]

EUR/USD Weekly Analysis 29 May 2017 – Waiting for Employment Data

The Euro-Dollar pair is consolidating ahead of US employment data later in the week. The rhetoric from the Fed and the data over the last few months has some participants believing the FED may not hike rates in June. If this is confirmed by the data, the Euro may extend its gains, while strong data […]

EUR/USD Weekly Analysis 22 May 2017 – The Euro Gathers Momentum

A combination of Euro strength and Dollar weakness has created a very strong trend for the Euro. This is now prompting dollar bulls to get out of their positions, which adds to the trend. Before we have a clear idea of where the Euro is headed in the long term we will have to see […]

ECB, RBA Rates Remain Unchanged, Aussie GDP Slowed Most in Two Years

The Reserve Bank of Australia left Cash Rate at 2 percent as weakness in the Australian dollar has cushioned the blow of China’s weakness and lower commodity prices. Australian GDP revealed its weakest growth in two years as it posted 0.2 percent in the second quarter, mainly due to the weakness in export volumes, the […]

Yuan Devaluation Rattles Markets; Greece Approves Deal Amid Growing Opposition

China’s central bank rocked global markets this week as it initiated devaluation of the Yuan, saying it would begin setting the daily rate based in part on the prior day’s trading. In a press conference on Thursday, PBOC discussed its recent policy moves and Deputy Governor Yi Gang said “adjustment is almost complete”. He further […]

RBA, BOE Put Rate on Hold; Canada, US, NZ, Australia Jobs Outlook Diverge

On Tuesday, the Reserve Bank of Australia left the Cash Rate unchanged at 2 percent. Meanwhile, the Bank of England kept its Official Bank Rate at 0.50 percent. The latest Official Bank Rate votes surprisingly showed only one policymaker out of nine, Ian McCafferty, saw the need to raise rates. Analysts expected two BOE MPC […]

2nd Greek Bailout Vote Passes, Gold & Oil Continue their Decline

The Greek government approved on Thursday some reform-related demands of creditors in order to stay in the Eurozone. The televised voting showed 151 lawmakers supported Prime Minister Alexis Tsipras in passing the second tranche of policy measures. Meanwhile, in his speech in Frankfurt on the same day as the Greek vote, Bundesbank President Weidmann commented […]