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.

Geopolitics to Drive the EUR/USD

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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"

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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"

The post Third Round Demo Competition Winners Announced appeared first on mexgroupblog.

Trump Shaking up the Markets

Last week all the action was no doubt in the US. Early on we got our first official interest rate rise. It was the one we had all been waiting for but all we ended up with was a falling USD which was a surprise. Then US President Donald Trump sparked m...

Powell the Key to the EUR/USD this Week

The EUR/USD saw some downside in late trade last week. Perhaps that’s in anticipation of a coming rate rise at this meeting of the FOMC. This week, US Federal Reserve Chairman Jerome Powell takes control in what is slated to be the first of three rate ...

Inflation the Key Issue for the EUR/USD

US markets saw a strong rally on Friday thanks to a better than expected jobs report. Over the course of the week, the USD finally managed to lift itself off the canvas and find some buyers. That meant the EUR/USD started to turn around and is now look...

Exclusive: Multibank Exchange Scores Unprecedented Victory Against Hong Kong SFC

Multibank Exchange Group has scored a major victory against the Hong Kong financial regulator, the Securities and Futures Commission (SFC). The firm’s solicitors have managed to successfully force the regulator to cancel an alert that it issued against the firm in February. The Hong Kong Court gave a priority hearing the go-ahead, resulting in action … Continue reading "Exclusive: Multibank Exchange Scores Unprecedented Victory Against Hong Kong SFC"

The post Exclusive: Multibank Exchange Scores Unprecedented Victory Against Hong Kong SFC appeared first on mexgroupblog.

ECB Back in Focus for the EUR/USD

The USD fell away late in the week as US President Donald Trump proposed tariffs on steel and aluminum. That meant the EUR/USD found support and rallied into the close. This week our attention is firmly on the ECB as they have their latest European Cen...

Fed Chair Powell to Drive the EUR/USD

The USD continues to be the big driver of the EUR/USD. This week we will hear from new Federal Reserve Chairman Jerome Powell when he testifies in front of Congress. That is going to be important for the short-term direction of the US Dollar as we will...