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 Forexnews.co.

The EUR/USD Finds Some Support Ahead of CPI

The EUR/USD finally managed to stem the bleeding last week, after what has been a steep decline in the shared currency. For the most part the weakness has come on the back of a rising USD. As the US economy continues to improve the Greenback continues ...

The EUR/USD Downtrend is Gaining Steam?

The momentum in the EUR/USD is starting to gain steam. Unfortunately, for Euro bulls it is clearly to the downside. During the week we saw a slightly dovish FOMC and a mixed US employment report, however, the EUR/USD continued to fall. That is suggesti...

Time to Sell the EUR/USD?

The last few weeks have seen the tide turn for the USD. What was initially a bearish Greenback has now turned to a raging bull. This week brings about the FOMC interest rate decision and the US employment report. A hawkish Fed or a strong non-farm-payr...

Capital Finance International Awards MultiBank as “Best Forex ECN Platform Europe & Asia 2018”

  As reported by Capital Finance International In April 2018, MultiBank Exchange Group was named “Best Forex ECN Platform Europe & Asia 2018” by Capital Finance International, a leading financial journal and an online resource reporting on global economics, business and finance. In reference to MultiBank’s award, the following statement was made by Capital Finance …

Continue reading "Capital Finance International Awards MultiBank as “Best Forex ECN Platform Europe & Asia 2018”"

Capital Finance International Awards MultiBank as “Best Forex ECN Platform Europe & Asia 2018”

  As reported by Capital Finance International In April 2018, MultiBank Exchange Group was named “Best Forex ECN Platform Europe & Asia 2018” by Capital Finance International, a leading financial journal and an online resource reporting on global economics, business and finance. In reference to MultiBank’s award, the following statement was made by Capital Finance …

Continue reading "Capital Finance International Awards MultiBank as “Best Forex ECN Platform Europe & Asia 2018”"

Can the ECB Spark the EUR/USD?

The last few weeks have been highlighted by a number of geopolitical events. That has been putting some pressure on the USD. By late last week, it appears that those fears have been alleviated. Now the focus turns to the ECB as they are set to release ...

MultiBank Further Expands Presence in Asia through New Headquarters in Hong Kong

  17th April 2018, Hong Kong– MultiBank Exchange Group has chosen Hong Kong to be the site of its new Asia Pacific headquarters, thus expanding its presence in the world’s largest forex and financial derivatives market. The new office opened in April 2018 and operates under the company name MEX Fintech Limited, being a financial …

Continue reading "MultiBank Further Expands Presence in Asia through New Headquarters in Hong Kong"

Geopolitics to Drive the EUR/USD

Last week it was all about the US-China trade wars. As tensions finally eased, US President picked out his next target and it was Syria. Over the weekend the President authorized an air strike against Syrian targets in response to a chemical weapons at...

Trade Wars to Drive the EUR/USD

Last week all the focus was firmly on the ongoing trade war between the US and China. A series of tit-for-tat comments is hurting the fortune of investors and increasing the volatility of the USD. There are a number of key economic data releases this w...

Third Round Demo Competition Winners Announced

After another exciting round of demo competition, MultiBank Exchange Group has announced the 3rd round winners and awarded them their cash prize of $15,000 earlier this week. First Place Winner Coming in first place is Mr. Salman Khan from Pakistan. He has been trading forex for over 10 years now and has honed in on …

Continue reading "Third Round Demo Competition Winners Announced"