Best Forex Brokers 2020
Reviews, Ratings, Rankings, Guides, Brokers & Tips.
Min Deposit: $5
Min Deposit: $100
Leverage: 500:1 | EU - 30:1
Min Deposit: $200
Leverage: 400:1 | EU - 30:1
Min Deposit: $100
Min Deposit: $100
888:1** see note
500:1 | EU clients 30:1
400:1 |EU clients 30:1
*Leverage depends on the entity of the group and the financial instrument traded.
2020 Top 5 Forex Broker Reviews
Forex trading is not only for professional traders. Anyone can try their hand at it and be successful.
Are you new to forex trading?
We can help beginners learn more about forex and trading.
If you are already experienced with Fx online trading, you will find our portal useful in discovering the top rated brokers who can bring you more success and a better broker experience.
There are hundreds of forex brokers out there, some better than the rest.
If you want to succeed and make money on the foreign exchange market, it is essential to make the correct choice right from the beginning.
- Our aim is to Rank Foreign Exchange Brokers, evaluate them and compare the brokers for you, so you don’t have to mine through hundreds of Forex Trading sites and thousands of reviews.
- We believe that less is more when it comes to the choices that we show you and recommend.
- We are always on the lookout for the best brokers.
- We handpick the Best Forex brokers who have proved to be reliable and respectable, and carefully vet them before we bring them to you on our ranked lists.
- We list ONLY legitimate Forex Trading sites.
We Investigate Brokers Before Listing
Our process of ranking the best FX brokers is a thorough process where we carefully filter contenders. We investigate every broker and their claims before listing them. We choose our top picks based on trading conditions, trading platforms, trade execution speed, account types, deposit methods and regulated bodies.
Since we care about your confidence in us, we also look particularly at customer service and the overall reputation of the brokers we recommend. The safety of your funds is key. You will find that all of our recommended brokers have received good reviews from traders for their security and customer service. We want our customers to have full confidence in every broker on our website. So we only look for the most trustworthy forex trading brokers to include.
You may already be familiar with some of these forex brokers but may have passed them by without a closer look. But with our guidance, we promise you will find the most legitimate Forex Trading sites.
What is Forex?
Let us consider a situation where your friend is asking you to invest in forex, and you are wondering what is forex?
The foreign exchange market or Forex, FX and Currency Market is a global market for the trading of the worlds currencies, or simply when one country trades with another, there is a need to exchange currency. The FX market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.
The very basis of getting started with fx trading is to understand what you will need to get started. You should start off with a reliable forex education program. A forex education program is a great way to start. It is very important to have a reasonable understanding of forex concepts to get started. The key to winning in forex is to picking the right strategy, which as well requires lots of training. Here at Forex Rank we want you to be fully confident when starting to trading in the Foreign exchange market.
Right Strategy Is About Minimizing Risks
When anyone is talking investment, you will automatically be prompted to think about returns and risks. Learning to control risks is the key to understanding forex. The best way to understand what is forex is to learn by doing. This experience is invaluable. With little strategic training, you can get started on the right path. Getting started on the right path involves choosing the right strategy.
Work With a Forex Trading Plan
When you choose to work with a particular forex trading plan, start off with a clear understanding of the strength, weakness, opportunities, and threats in the strategy. A plan need not be too complicated. A plan can be very simple, yet effective.
Start With a Simple Plan
If you are a beginner to trading who is just beginning to understand what is forex, you should start off with a simple plan. Creating a plan is not at all a tedious process. There are different levels of trading plans. When you trade with a strategy, you are actually trying to come up with a set of rules that can be used to trade forex profitably. Every plan is about controlling the risks and increasing the profits. The degree of risk and the amount in profits you are willing to make will decide the kind of strategy you should choose?
Develop the Skill
For those who are trying to buy commercially developed forex strategies, a crucial skill in need is to evaluate the strength of strategy. If you are going to buy a trading system you should be sure of what it is going to do for you. It does not make sense in to buying something that will not do you any good. You will not understand a strategy unless you know the ins and outs of forex trading.
Focus on the Performance
When you choose a forex strategy, you should choose it by the performance. The design of a complex strategy can sometimes be deceiving, while a simple strategy will perform robustly than you imagined. At the same time it is important to know that trading strategies are not a one size fit for all. A strategy that worked miracle for someone will not suit you in any way. Whereas, a strategy that did not work for someone might bring you lot of profit.
Anybody can hit on a sudden luck and make a big profit, but what matters is to make profits in a consistent manner. Luck will come and go, but skill and strategy is what you will need for consistency in profit making.
Forex Rank was created with the trader in mind, be it, a Newbie, intermediate or expert traders. We want to see you succeed and at the same time have fun! ForexRank.co lists only the Best forex brokers and up-to-date content on the Foreign exchange market.
To help you make headway in the foreign exchange market and achieve success, we offer the following services:
- Forex Broker Ranking and Reviews: We rank brokers based on client fund safety, reputation, customer service and overall scores besides offering an overall list of top-ranked brokers in the world. You will also find reviews that will tell you about the experiences of other traders on these platforms.
- Forex Trading News and Services: You need to follow forex economic news to be able to trade successfully in the market. You may know that news is what moves the market. You can find all the latest news and events right at our portal, which can help you anticipate price fluctuations. We source only the most reliable and relevant information from Investing.com on our portal, along with free trading signals that the portal provides. Our news comes with indicators of when to buy and sell.
- Managed Forex Accounts: We offer you information on companies that offer managed forex accounts, where experts will do the trading for you. You will only find recommendations that we would personally trust our money with, such as FxMAC.
- Forex Broker Bonus: A list of the brokers who offer free deposits or sign up bonuses to try them out can be useful, to test the waters. You will only find the best reliable forex brokers offering bonuses on our website.
- Information for Beginners: Successful FX trading depends on trading strategies. Forex trading beginners must study up on forex trading before they jump into the market, to avoid disappointments. We bring information and tips on trading, trading platforms, and types of brokers to get you started.
- Best Forex Brokers for Canadians: If you are Canadian, you can check out our list of best forex traders offering CAD currency trading accounts.
- Best Forex Brokers for UK: If you are based in the UK, check out our recommendations of forex traders that are regulated by the FCA UK and offer trading in GBP as base currency.
Find out how we can help you find the best forex brokers to start make money today. You can rest assured that we’ve done the due diligence on all the listings on our sites, in order to make sure that you can safely deposit, withdraw funds and have a satisfying trading experience.