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.

MultiBank Adds Natural Gas and Copper to Commodity CFDs Suite

MultiBank Exchange Group has announced the addition of natural gas and copper CFDs to its suite of commodity trading products. Customers can now experience more breadth and an enhanced experience through the trading of CFDs of copper, the world’s third most widely used metal, and natural gas, a fuel of immense geopolitical importance with margin … Continue reading "MultiBank Adds Natural Gas and Copper to Commodity CFDs Suite"

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MultiBank Exchange Group Chinese National Holiday celebration

On the eve of the Chinese National Holiday, MultiBank Exchange Group held a Chinese-style celebration in the Chinese capitalfor its Beijing office to celebrate its record success over the last few monthsyear and the hard work of all the employees who enabled that success. Reinforcing MultiBank Exchange Group’s ethos of unity, cohesion integrity and constant … Continue reading "MultiBank Exchange Group Chinese National Holiday celebration"

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Daily Market Report – Gold Ruined By USDX’s Rally October 23, 2017

Gold Correction In Play The yellow metal dropped after the morning gap and reached new lows. The rate is almost to reach a first downside target, where he may find temporary support again. Is located at $1275 per ounce as has squeezed a little in the last hours. Gold dropped as the USDX has forced … Continue reading "Daily Market Report – Gold Ruined By USDX’s Rally October 23, 2017"

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Daily Market Report – USD/CHF Hit New Highs October 23, 2017

USD/CHF Strongly Bullish Price rallies and extends the bullish momentum as the USDX is trading in the green. The USD has taken full control and drives the pair higher, remains to see what will really happen in the upcoming period and if the USDX will have enough energy to make a valid breakout above the … Continue reading "Daily Market Report – USD/CHF Hit New Highs October 23, 2017"

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Daily Market Report – USD/CHF Hit New Highs October 23, 2017

USD/CHF Strongly Bullish Price rallies and extends the bullish momentum as the USDX is trading in the green. The USD has taken full control and drives the pair higher, remains to see what will really happen in the upcoming period and if the USDX will have enough energy to make a valid breakout above the … Continue reading "Daily Market Report – USD/CHF Hit New Highs October 23, 2017"

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Daily Market Report – USD/JPY Valid Breakout October 23, 2017

USD/JPY Above Crucial Resistance The USD/JPY opened with a gap up and reached fresh new highs today. Was strongly bullish as the Yen was punished by the Nikkei’s impressive jump, the index opened with a gap up as well and touched new highs. The JP225 continues the upside movement, technically should approach and reach new … Continue reading "Daily Market Report – USD/JPY Valid Breakout October 23, 2017"

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Daily Market Report – Brent Oil Major Drop Still In Cards October 20, 2017

Brent Oil Another False Breakout The Brent Oil dropped and resumed the yesterday’s bearish candle and seems poised to reach fresh new lows in the upcoming days. Technically, it should start a larger drop after another false breakout and after the failure to reach the 59.50 previous high. Right now we still need a confirmation … Continue reading "Daily Market Report – Brent Oil Major Drop Still In Cards October 20, 2017"

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Daily Market Report – GBP/USD Imminent Breakdown October 20, 2017

GBP/USD On  The Way Down The Currency pair dropped significantly today and resumed the yesterday’s bearish candle. Price is pressuring an important dynamic support and is somehow expected to take this out. The USD has taken the lead on the short term and drives the rate down as the USDX has managed to increase again. … Continue reading "Daily Market Report – GBP/USD Imminent Breakdown October 20, 2017"

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Daily Market Report – NZD/USD Falling Wedge Invalidated October 20, 2017

NZD/USD Erases Everything The NZD/USD plunged aggressively in the yesterday’s trading session and erased the last week’s gains. Price ignored several downside obstacles and closed much below the 0.7055 previous low. However, remains to see if this is a valid breakdown, or the rate will come back higher. Technically, it could come to retest the … Continue reading "Daily Market Report – NZD/USD Falling Wedge Invalidated October 20, 2017"

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Daily Market Report – NZD/USD Falling Wedge Invalidated October 20, 2017

NZD/USD Erases Everything The NZD/USD plunged aggressively in the yesterday’s trading session and erased the last week’s gains. Price ignored several downside obstacles and closed much below the 0.7055 previous low. However, remains to see if this is a valid breakdown, or the rate will come back higher. Technically, it could come to retest the … Continue reading "Daily Market Report – NZD/USD Falling Wedge Invalidated October 20, 2017"

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