Forex broker comparison features help compare all broker's ratings, features, regulations, accounts, platforms, features, and fee structure. Filter your brokers to compare with the best forex broker and widely used analytical & technical tools, trading features, apps, leverage, spread, and more.
FOREX BROKERS COMPARISON
Brokers Name 2
Brokers Name 3
email@example.com Skype: roboforex.com
Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
2118 Guava Street, Belama Phase 1, Belize City, Belize
No.1 Corner of Hutson Street and Marine Parade Belize City, Belize
For OctaFX.com we have only SVGFSA license no. 19776 IBC 2011
Regulated by the Belize IFSC through the license number IFSC/60/271/TS/17
IFSC, International Financial Services Commission of Belize, license number 000122/15.
A comparison table or features helps select the top broker. Always presenting a top broker is not good readers. So, we present the top brokers with comparing options. Don’t be afraid to check it out because our designed option is simple and easy to uses. You can easily pick what you need. Here is why you need
The trading platform broker offers – it is a very important factor to go for a broker. The web platform, mobile & tablet platform, social trading platforms placing a trade is some different also there is a certain type of platform that not suitable for all traders.
Spread, leverage, fees they offer – selecting a broker is not the end. Among trading, you have to use the leverage that will increase your trading funds. Actually, leverage is borrowed money. Spread is the difference between the asking price and the selling price. As for the name, you can guess what the fee is. There are different fees, such as trading service, inactivity, deposit, withdrawal, etc. So, you need to check all of them before select any company.
A comprehensive guide to compare and choose the best broker
Filtering the main criteria to choosing the right broker can be difficult tasks, especially for newbie traders. The following criteria will help you when determining which broker is the right for your needs.
Is the broker safe to use?
The first and most important factor is the need to consider the reputation and regulation of the broker. Reputation means in the past, how they managed their service, in such way the client supports, security of client’s funds and more.
Furthermore, most reputable brokers are regulated by the top financial authorities, such as:
ASIC – Australian Securities and Investments Commission
BaFIN – The BundesanstaltfürFinanzdienstleistungsaufsicht (Germany)
IFSC – International Financial Services Commission
ISA – Israel Securities Authority
This type of regulator protects the clients’ funds and aims to keep the broker honest. The regulation jurisdiction designed to provide the best service and protect forex traders. They also check brokers' internal procedures, security, client service and keep client funds segregated from company funds.
The currency you can trade
While most brokers offer a wide range of impressive currency pairs, but in the list, the mandatory thing is your preferred currency. So, don’t look for all major, minor and exotic currency pairs. The question is: Does the broker offer the pairs you want to trade?
If you find your preferred currency in the list, it senses you can go for the broker. In general, most brokers will let you trade US dollar, EUR, and Pound in this most competitive market.
To see a comprehensive review of currency pairs, you can look at our forex broker reviews.
Broker trading platform
First of all, look at the broker that platforms offer, such as MT4, MT5, cTrader, etc. Consider whether you would like a phone platform, a desktop trading platform, or even a web trading platform that you could use on any system that has Internet access.
As soon as you determine how you are planning a trade, the specific trading platform you select will depend on personal taste. Most trading platforms provide similar services but seem and pretty different. The fantastic thing is that lots of trading platforms are configurable so that you can tailor them for your requirements.
Payment Options (Deposit and Withdrawals)
You also need to keep a lookout for deposit and withdrawal options. Since forex trading entails frequently moving funds to and from the broker, you need to ensure you could accomplish this fast --and, ideally. Have a peek at the deposit and withdrawal procedures the broker supports to establish whether they permit using charge cards or anything payment method you want and how much time the transfer will require. Also, don’t forget to check the fee structure.