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 ECB to Drive EUR/USD Momentum

The EUR/USD has another important week ahead with the ECB interest rate decision likely to be the key event. Economic conditions remain stagnate in the Eurozone and that might force the ECB to shift their monetary policy from neutral back to dovish. Re...

The EUR/USD Weakens Ahead of the ECB Minutes

The EUR/USD is back trading at near two-year lows and testing strong support after an ECB official suggested there could be some more bank loans ahead given the state of the Eurozone. This week ahead will feature the ECB minutes which will potentially ...

A Weak Greenback Boosting the EUR/USD

The EUR/USD has been stronger over the last week after the fallout from the FOMC hurt the USD. Jerome Powell and the US Federal Reserve have turned dovish and that has seen the USD weaken considerably. Read More on eurusd.co

ECB Rates Decision to Drive the EUR/USD

The EUR/USD has had a rough week as price deteriorated into the Friday and the momentum is now to the downside. This week, all the attention will firmly be on the ECB meeting and what ECB President Mario Draghi has in mind for the next rate hike. Read ...

ECB Minutes in Focus for the EUR/USD

The EUR/USD has been holding relatively steady in recent weeks as the volatility and turmoil has certainly taken its toll across the financial markets. This week, we will be looking for any hint of a change in monetary policy from the ECB in their minu...

FOMC in Focus for the EUR/USD

The EUR/USD has the potential to get a bit of boost this week as most of the attention will be on the FOMC. While the Fed is expected to raise US interest rate in December, the outlook might not be a hawkish as many have previously thought. Read More o...

Trade to Drive the EUR/USD

The EUR/USD is likely to receive a bit of a boost this week as markets absorb the fallout from the G20 and more specifically the agreement between the US and China on trade. As it stands the two countries will be looking to work towards a deal and for ...

The EUR/USD Waiting on Global News

The EUR/USD has seen a decent bounce off the lows, which was largely driven by weakness in the Greenback. With Thanksgiving ahead and a lack of top-tier data, markets will be driven by global news and the current sentiment, which to date has largely be...

FOMC to Drive the EUR/USD

The EUR/USD might well have staged a bit of a rally on Friday, but the trend is still strongly to the downside at the moment. This week it is the FOMC and their interest rate decision which will see the EUR/USD put under even more pressure. Read More o...

ECB to Drive the EUR/USD

The EUR/USD has been drifting lower over the course of the week, led predominately by a stronger USD. This week the ECB get their chance to counter what was a hawkish FED as they issue their thoughts on monetary policy and present the official interest...