HOW MUCH DO YOU KNOW ABOUT THE BEST FOREX BROKERS?

HOW MUCH DO YOU KNOW ABOUT THE BEST FOREX BROKERS?
November 22 10:52 2018 Print This Article

I admit that bonuses are really attractive at some levels, but don’t let the bonuses influence you when choosing a forex broker because eventually, you’ll have to pay it back. In fact, those who offer such many promotions are usually less prestigious.

In my article today, I’m going to show you an overview of the forex brokers currently providing services. I hope that after reading the article, you can easily choose the best forex brokers for yourselves.

BROKERS WITH GOOD REGULATIONS:

Regulations can be said to be very important. So, if your country has regulations, you can trade with any brokers who have your countries regulations. But what happens if your countries don’t have regulation? In this situation, choosing brokers who have 1 trusted regulation is enough. The trusted regulation can be US, UK, AU, JP, Hong Kong, Singapore, or CySEC.

What regulations do top 5 best forex brokers have?

No Broker names Regulations
1 Exness.com CySEC, FCA
2 HotForex CySEC, FSCA, FCA
3 XM.com CySEC, FCA, ASIC
4 FBS CySEC, IFSC
5 FxPro CySEC, FCA, DFSA, FSB

BROKERS WITH GOOD SUPPORT TEAM:

We all know that the most critical thing when doing business is customer service. Why so? That’s because business is all about people, trust and profit. In a complex and vast market like forex trading market, this factor is more important than ever. For beginners, they sometimes find themselves lost; and thus, they are almost always in need of professional help and advices on how to make money safely. Luckily for them, each broker in the largest forex brokers (Exness, HotForex, XM, FBS, and FxPro) has excellent customer service including 24/7 and multiple language support. Most of them have their own branches in China, Thailand, Indonesia, Malaysia, and Dubai… As a result, traders can choose one of these brokers to trade with.

They also offer support online as well as via phone in English or native languages for the countries that they don’t have regional offices. Let me show you the brokers list of those who can help you in different languages.

– Exness supports 18 languages 24/7

– XM supports 23 languages 24/7

– HotForex support 27 languages

– FxPro and FBS support 19 languages

 

BROKERS OFFERING LOW COST:

Being able to trade with traders offering low trading costs is what many traders want because these small costs can add up to quite a lot of money after a long time trading. Unluckily, such reliable brokers as U.S. and UK charge more spread and commission than others. The reasons are that their regulations don’t allow them offer high leverage or bonuses, and they have to pay more for the regulation fee.

Therefore, you had better not to trade with them. Instead, you should choose the alternatives based on the types of traders you are. Specifically:

If you are ASIAN marketer, Exness is the best brokers for Scalpers.

If you are Africa marketer, XM and FxPro are the best.

If you are US marketer, Forex.com is the best

If you are European marketer, XM, FxPro and Exness minimum deposit are the best.

Summary

Below is the rank of the best forex brokers based on the above standards:

– Exness: 9/10.

– HotForex: 8/10.

– XM: 8/10.

– FxPro: 7.5/10.

I hope that this rank can help you to select the best forex brokers for yourselves. However, to make it more effective, you should open accounts in at least 2 top brokers. And you should trade at those 2 brokers. After 1 month, the brokers that you get more profit rate are better and you can deposit your entire fund to that broker.

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Demarco Gonzalez
Demarco Gonzalez

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