Best Forex Brokers - Top 5
Looking for the best Forex brokers in the market? If so, you're definitely not alone. As we've covered ad naseaum here at FTR, there is no perfect broker. It doesn't exist. You're going to find something that you don't like about every broker out there. However, there are some very good brokers that deserve to be recognized. When you look around, you're going to find that everyone has varying opinions on the brokers out there. This list is the top 5 brokers according to our experiences and opinion. If you're looking for good foreign exchange brokers to work with, you're bound to find one that you can work with on this list.
1. Ava FX
Ava FX is at the top of our list as they seem to make customers very happy. They have a lot trading tools and you can open up an account for only $100.
You can even get bonuses up to $1200 when you open an account. They allow you to deposit and withdraw money in several convenient ways such as Paypal and Moneybookers. The major downside to this broker is that they do not accept US clients. If you're not from the US, you can gain access to one of the best brokers around.
2. ACM Forex
ACM Forex is the real deal when it comes to the best Forex brokers. They are situated in Switzerland (which many people like) and they offer some of the best spreads in the industry. To get started, you're going to need at least $2,000. If the opening deposit isn't going to be a problem for you, you'll probably like most of the other features that they have to offer.
They offer Metatrader 4 and many other tools that you'll enjoy when trading the market. They have won multiple awards and you'll generally find good reviews on them across the net.
3. eToro
eToro allows you to take the figurative Forex bull by the horns. Just be careful though because, if you mess with the Forex bull, you get the horns. That's really all of the bull-related statements I could think of.
This broker is really a solid one and they have a lot to offer. If you're a newbie, this is one of the premier brokers you could start with. Their tools are really easy to use and you can even open an account with as little as $50. When you visit their site, it's easy to find exactly what you need. Their spreads are solid (as low as 2 pips) and they generally provide stellar customer service also.
4. Forexoma
Forexoma is known as "The People's Brokerage" around here. They have a lot of satisfied customers and they seem to really care about your success. While you may not necessarily be blown away by their website, they know what they're doing when it comes to giving Forex traders the tools they need to succeed. Besides offering a brokerage, they also offer other tools like expert advisors and manual systems to trade.
5. FXCM
FXCM is another quality broker that has a lot to offer. They have great customer service and they are situated in the US so they take US clients. You can open up a mini account with only $50 and you can use one of several different types of trading platforms. They offer Metatrader 4 and a couple other platforms that they have developed. They have good spreads, good execution and they offer a non-dealing desk system.
In Summary
While this is by no means an official list of the best Forex brokers in the world, these are 5 that we like. If you agree or disagree, feel free to leave your own review of the best brokerage firms in the industry below. This list may be updated periodically to reflect changes in who we feel are the best of the best.
What Broker do You Use? Have Any Horror Stories to Share?
Do you have your own story about a broker? Did you finally find the Holy Grail of Forex brokers? Or did you experience a horror story with a shady broker from a foreign country? If so, please share your story here. You can really help others in their search for the perfect broker.
