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.

Daily Market Report – USD/JPY rallies post FOMC September 21, 2017

USD/JPY BOJ Eyed The currency pair rallied in the last hours and reached some important resistance levels. Is trading in the green even if the Federal Reserve has decided to keep the Federal Funds Rate steady at 1.25%. The greenback rallied versus all its rivals after the FOMC, the USDX jumped aggressively and now is … Continue reading "Daily Market Report – USD/JPY rallies post FOMC September 21, 2017"

The post Daily Market Report – USD/JPY rallies post FOMC September 21, 2017 appeared first on mexgroupblog.

Daily Market Report – EUR/USD FOMC is to unleash the storm September 20, 2017

EUR/USD Stays Higher The currency pair has resumed the minor rebound and has touched a near-term dynamic resistance. Technically is expected to drop on the short term, but unfortunately, the fundamental factors will take the lead later. Price has changed little till now, but a high volatility is expected during the FOMC, you should stay … Continue reading "Daily Market Report – EUR/USD FOMC is to unleash the storm September 20, 2017"

The post Daily Market Report – EUR/USD FOMC is to unleash the storm September 20, 2017 appeared first on mexgroupblog.

North Korean Rocket Man Didn’t Have Any Strong Risk-Off Sentiment to Currency Markets; Traders Await FOMC Decision 20-9-2017

Dollar Edged Up Ahead of Federal Reserve’s Meeting. The dollar index added 0.1 percent to 91.855, holding well above its more than 2-1/2 year low of 91.011 plumbed on Sept. 8. Analysts expect U.S. central bank policymakers to announce at the end of their two-day meeting later on Wednesday that they will trim its $4.2 trillion … Continue reading "North Korean Rocket Man Didn’t Have Any Strong Risk-Off Sentiment to Currency Markets; Traders Await FOMC Decision 20-9-2017"

The post North Korean Rocket Man Didn’t Have Any Strong Risk-Off Sentiment to Currency Markets; Traders Await FOMC Decision 20-9-2017 appeared first on mexgroupblog.

North Korean Rocket Man Didn’t Have Any Strong Risk-Off Sentiment to Currency Markets; Traders Await FOMC Decision 20-9-2017

Dollar Edged Up Ahead of Federal Reserve’s Meeting. The dollar index added 0.1 percent to 91.855, holding well above its more than 2-1/2 year low of 91.011 plumbed on Sept. 8. Analysts expect U.S. central bank policymakers to announce at the end of their two-day meeting later on Wednesday that they will trim its $4.2 trillion … Continue reading "North Korean Rocket Man Didn’t Have Any Strong Risk-Off Sentiment to Currency Markets; Traders Await FOMC Decision 20-9-2017"

The post North Korean Rocket Man Didn’t Have Any Strong Risk-Off Sentiment to Currency Markets; Traders Await FOMC Decision 20-9-2017 appeared first on mexgroupblog.

Daily Market Report – NZD/USD losing altitude September 20, 2017

NZD/USD Bounce Or Break? The currency pair has increased in the morning, but failed to reach the 0.7343 previous high and an important dynamic resistance. The sellers have stepped in again and have forced the rate to erase the morning gains. NZD/USD dropped even if the USDX slides further, the index slipped below the 91.92 … Continue reading "Daily Market Report – NZD/USD losing altitude September 20, 2017"

The post Daily Market Report – NZD/USD losing altitude September 20, 2017 appeared first on mexgroupblog.

Euro Little Changed After German PPI

Destatis released Germany's producer prices for August in the pre-European session on Wednesday at 2:00 am ET. After the data, the euro changed little against its major rivals. As of 2:01 am ET, the euro was trading at 0.8881 against the pound, 1...

Daily Market Report – GBP/USD FOMC On Spotlights September 20, 2017

GBP/USD Stuggling To Hold Ground The GBP/USD posted some gains on Tuesday, but seems too overbought to stay near the 1.3618 previous high. The pair is still located in the green area, so it could climb towards new peaks after a minor decrease. Price has found temporary resistance1.3618 level and dropped below a broken dynamic … Continue reading "Daily Market Report – GBP/USD FOMC On Spotlights September 20, 2017"

The post Daily Market Report – GBP/USD FOMC On Spotlights September 20, 2017 appeared first on mexgroupblog.

Daily Market Report – USD/JPY Is This A Valid Breakout September 19, 2017

USD/JPY Upside Paused The price is trading in the red right now, it was rejected by an important static resistance. Remains to see what will really happen in the upcoming period because the USDX stay lower and the Nikkei stock index could retreat a little to retest the 20058 major broken resistance. The Nikkei is … Continue reading "Daily Market Report – USD/JPY Is This A Valid Breakout September 19, 2017"

The post Daily Market Report – USD/JPY Is This A Valid Breakout September 19, 2017 appeared first on mexgroupblog.

Daily Market Report – USD/CAD slides ahead US data September 19, 2017

USD/CAD Facing Tough Resistance The currency pair is trading in the red right now and tries to retreat a little after the yesterday’s amazing rally. Remains to see what will happen later as the United States is to release important economic data. The fundamental factors will drive the rate so you should be very careful … Continue reading "Daily Market Report – USD/CAD slides ahead US data September 19, 2017"

The post Daily Market Report – USD/CAD slides ahead US data September 19, 2017 appeared first on mexgroupblog.

Daily Market Report – EUR/JPY Accelerates The Upside Thrust September 19, 2017

EUR/JPY At New Highs The currency pair has rallied aggressively and has managed to escape from a minor ascending channel, signaling that the bulls are in full control and should drive it much higher.  The Yen is demolished by the Nikkei’s impressive rally, the index is trading at 20282 level, much above the 20058 broken … Continue reading "Daily Market Report – EUR/JPY Accelerates The Upside Thrust September 19, 2017"

The post Daily Market Report – EUR/JPY Accelerates The Upside Thrust September 19, 2017 appeared first on mexgroupblog.