Forex broker best 9

Forex broker best.


At Urban Forex we are all about helping our students as much as possible. We often get questions from you looking for advice on what broker to use or what broker we use ourselves.


So now I'm bringing you this article with our recommended brokers.


First, let's look at some of the most important features to keep in mind when choosing an online broker for Forex trading.


Regulation.


Not all regulatory jurisdictions and licenses are created equal for international forex Brokers. You should take note of which country your broker is based in and which country’s laws apply to your account.


To avoid fraud, it is critical to use a broker that is well-known and well-regulated.


The range of markets offered.


First, you determine which markets or individual trading products (currency pair or stock symbol) you want to trade, then check to make sure they are offered by the broker.


You should also check to make sure the products you want to trade are available in your region.


Forex spreads, commissions, and overall trading costs.


For forex trading: spreads and any round-turn commissions will make up the all-in cost to complete (open/close) each trade.


Forex trading costs are not easy to break down. Bid/ask spreads can vary across venues (because forex is decentralized), forex spreads may be either fixed or variable (floating), and variable spreads may widen or narrow (vary) at different rates across brokers.


While the all-in cost to trade can be critical for many traders, it is important to look at the whole picture in terms of how a broker’s overall offering could best suit your needs.


User Interface and Usability.


Some brokers are easier to use than others. Some look nicer than others. There are brokers that make things very simple to use and can be useful for beginners while there are also more complex platforms that might take a while to get familiar with.


Forex Trading has also taking larger steps towards mobile so finding a platform that provides a practical APP should also be taken into consideration.


Order Type and Execution.


Some execution methods or order-types may incur negative or positive slippage. This means orders will fill but the fill price could be better or worse than requested. Since each broker is different, some firms may re-quote an order with a new price for you to accept (or reject) in the case the price has changed.


Customer Service.


The quality of customer support can be a major differentiator across online FX brokerages, ranging from the speed and overall quality of assistance to the availability of help across global trading hours and international markets.


Now let's find out the brokers we recommend.


Who we Recommend.


We only recommend brokers we have experience with or brokers that long-term members have experience with. Having said that, none of them are flawless, they all have their pros and cons.


OANDA.


Pros:


Regulation : OANDA is regulated by entities including the CFTC, IIROC, FCA, ASIC, and the Monetary Authority of Singapore. Account Size : There is no minimum account size or trade size with OANDA. Board range of trading pairs : Traders can access 71 currency pairs, 16 stock index CFDs, 8 commodity CFDs, 6 bond CFDs, and 23 metals CFDs. Trade from the charts : Traders can open and close positions directly from charts in both the OANDA and the MetaTrader 4 desktop applications.


Cons:


Slow Customer Service : OANDA's customer service representatives are good but can be slow to respond. Hold times can be unusually long.


OANDA rates highly in most categories. It offers demo accounts that do not expire, giving you the ability to practice trading until you are ready to go live.


The minimum deposit is only $1. The max leverage is 1:50.


Deposit/Withdraw methods are bank wire, credit card, and PayPal.


OANDA is used by our Senior trader Armand who commented that:


"Oanda's spreads on majors are pretty tight but the spreads on exotics like EURNZD and GBPNZD is fairly high (think 10pips and during volatile market behavior (major news events) it may spike up to 20+). However, there are no commissions.


It has a very user-friendly desktop interface and user-friendly phone app."


FXPRO.


Pros:


Breadth of Trading Products : FxPro offers trading in Forex, cryptocurrencies, commodities, stock shares, and indices. No Dealing Desk Execution : Orders are executed without intervention from the dealing desk, which should be faster and provides anonymity. Registration and Regulation : FxPro is registered with the FCA in the UK which increases oversight and transparency.


Cons:


No Guaranteed Stops : Even at a higher cost there is no way to guarantee a stop loss order. Average Costs and Fees : While not disproportionately large, trading costs and account fees are merely average for the industry.


The FxPro platforms now process over 5,000 trades per second, and 99.9% of all orders are executed within 50 milliseconds. FxPro rates very highly in terms of desktop and APP usability.


It has a minimum deposit of $100 which is not high while also offers maximum leverage of 1:500 and a minimum lot size of 10k units.


Deposit/Withdraw methods include bank wire, credit card, PayPal, MoneyBookers, Neteller, NetBanx, Webmoney, FasaPay.


Dukascopy.


Pros:


Well-Capitalized Institution: Backed up by $160 million in assets. Competitive Pricing: 0.2 EUR/USD basic spread for all accounts.


Cons:


Minimum deposit: $5k minimum deposit for non-Swiss residents. Markets available: Limited beyond popular forex and CFDs. Inadequate Security Layers : No security token or secondary smartphone authorization for trading platforms.


Dukascopy is a Swiss Forex broker that offers both personal retail forex trading and binary options accounts.


Dukascopy’s flagship platform is JForex3, a desktop and web-based platform that supports both Windows and Mac. This platform is rich with trading tools and easy to use.


While the minimum deposit is $5k to open an account on its Swiss website, it is also possible to open one for as low as $100 with its European of Asian platforms.


Maximum leverage is 1:100 while the minimum lot size is 1k units.


Deposit/Withdrawal methods through bank wire, debit card, and credit card.


IB (Interactive Brokers)


Pros:


Low Commissions/Spreads: Some of the lowest commissions and spreads in major markets, including stocks, bonds, forex, CFDs, futures, and options. Trading Technology : Highly regarded proprietary trading technology with smart routing capability. Sophisticated Order Types : Comprehensive menu includes more than 60 order types and algos.


Cons:


Minimum Deposit: Steep minimum deposit of $10k to open an account. Technical Charting: Trading platform charts and indicators don't meet modern standards.


Interactive Brokers is Navin's preferred brokerage , the one he uses himself.


IB's trader workstation is considered one of the best trading platforms available for advanced traders. It's old-school, to say the least.


While IB is not exactly ideal for beginners, it can help you gain a better understanding of the details of the trades as it requires more attention to detail.


I compare it to learning to drive a manual car compared to an automatic. Learning to drive a manual (stick shift) car is more difficult but once you learn how to do it you will also know how to drive an automatic car. If you learn to drive an automatic car first you would not necessarily know how to drive a manual.


Minimum lot size is 25k units while the maximum leverage is 1:40.


Deposit/Withdrawal methods through bank wire or cheque.


So, there you have it. A list of the important factors you should consider when choosing a broker and 4 of the brokers that are used by Navin, the Urban Forex team and some of the Elite members.


At the end of the day, you need to choose a broker that suits you and your needs and I hope this article helps.


I want to hear from you!


Do you use any of the above brokers?


If not what broker do you use?


Let me know in the comment section below.

Forex broker best 8

How to Choose the Best Forex Account And Start Trading?


Just as you start your Forex trading journey, choosing the best Forex account type will be one of the first decisions you need to make. Since there are so many variables affecting this decision, there is no universal right or wrong; all that matters is which Forex account type is best for you. Based on your level of experience, capital, and trading style, you can open a Forex account type that suits you. Besides these aspects, you must also consider the features offered by each Forex account. Let’s take a look at them in detail.


Given the fact that the Forex market is home to a diverse range of traders of varying expertise, forex brokers are offering multiple accounts with different conditions, rather than only providing one account. Having multiple Forex account types to choose from gives traders a greater chance of finding an account that suits perfectly their needs.


For example, some accounts are best suitable for beginners to get started with, while others are better for those who want to deposit $100 or less, while still others are best for traders looking to make large investments. As trading preferences play a large role in which account is best overall, there are no absolutes. Below, we discuss everything you need to consider while choosing the best Forex account type that fits your needs.


What is the Best Account Type for Forex?


Standard, Cent, ECN, and Demo are the four best forex account types—and each has its own advantages and disadvantages. Choosing the best Forex account type for you involves careful consideration of several factors, including what type of trader you wish to be, your tolerance for risk, the amount you invest, and your trading strategy. It is important to select the best Forex account for you, as it impacts your performance and profits. Let’s go over each one individually.


1. Standard Account – Most Popular Trading Account.


As the name suggests, the Standard account is the primary trading account offered by most Forex brokers. The name may vary from broker to broker; it may be called a classic account or carry the broker’s primary account name. The main advantage of using a standard account is that brokerage firms typically offer their best features and benefits to standard account holders. For Standard accounts, 1 lot = 100,000 currency units.


Another beneficial thing about choosing the standard account is that you are free to trade a variety of trading instruments like currency pairs, commodities, high leverage, low spreads, high affiliate rebates, seasonal bonus programs, and the ability to trade in more volumes simultaneously. Using a standard account can also result in greater profits if you manage your trades well.


Despite the fact that using a standard account can be more profitable, it is also likely to be riskier. You need a relatively high knowledge of forex instruments and trading knowledge in order to open a standard account. Thus, this type of account is more suited to skilled and capital-rich traders.


2. CENT Account – Best for Low Capital Investment.


A Forex CENT account is a trading account with a balance measured in cents. That is, 1 USD = 100 cents. CENT accounts are ideal for Forex beginners since they allow trading with real money without risking too much.


Beginner traders can use CENT accounts to make the transition from a demo to a real trading account. The minimum lot size required is 0.01 lot, Therefore, it is possible for anyone to enter the forex market and begin trading with very small capital.


CENT accounts are best for testing and developing forex trading strategies. With the low-risk advantage, you can experiment different trading strategies while simultaneously sharpening your skills and gaining experience. However, a smaller capital will only yield smaller gains. If you want to gain bigger profits, it’s not the best idea to open a CENT account.


3. ECN Account – Direct Access to Market.


ECN stands for Electronic Communication Network; it is a system for trading Forex without agents. ECN accounts are one of the most popular account types because of their transparency and direct market access. Forex brokers offer an ECN account along with traditional accounts and charge a commission per lot, with lower leverage and minimum deposit.


ECN accounts are a perfect choice for professional traders seeking optimal trading conditions. With ECN accounts, trade execution can be faster than with other account types since all trades are executed immediately without requotes. Since ECN accounts instantly match orders from traders with the best buy and sell prices, they offer lower spreads.


4. Demo Account – Best for Beginner Traders.


When it comes to Forex account types, a Demo account is the one that you will come across at most of the brokers. If you are new to Forex trading and want to explore the Forex market without actually spending your money, a Demo account is what you need.


Trading on a demo account mirrors real-world forex trading. Demo accounts users can explore real-world trading functions, like analyzing price movements, testing out risk management strategies, understanding spreads, leverage tools, and utilizing stop-loss and take-profit orders.


Many people on the Forex market have this misconception that demo accounts are best suited for beginners only. While the truth is, demo accounts can be very beneficial even to those who have extensive experience in Forex trading. One of the best aspects of demo accounts is that they are an ideal tool for exploring and experimenting with new forex brokers, platforms, and strategies.


Effective ways to choose the Best Forex account.


Opening a new Forex account is an extremely important step, especially for beginner traders. Several factors should be taken into consideration when choosing the appropriate Forex account type. Choosing the best Forex account takes time as well as knowledge. It is crucial to research thoroughly and avoid making rash, rapid decisions. There are some main must-have characteristics to determine the best forex account type. Let’s discuss them one by one.


1. Review the Minimum Deposit Requirement:


Your first consideration when choosing a Forex account type will be what is the minimum deposit required. Many brokers offer the best conditions only to those who can afford to make a large investment. Those who want to start with a small investment will need to compare brokers to find the best account with a minimum deposit requirement. AximTrade ranks among the best brokers in this regard.


AximTrade lets you start trading Forex with as little as $1. However, a lower investment won’t yield big returns. If you are new to Forex and would like to explore the Forex market in real-time with small capital, a CENT account would be a good place to start.


2. Evaluate the Transaction Costs of a Broker:


Forex brokers charge fees in one form or another, and each trade carries a commission. Traders cannot ignore these costs as they can drastically affect portfolio performance. It’s therefore important to consider your transaction costs, spreads, and commissions when opening a Forex account.


Check on Spreads.


A spread is basically the transaction cost for a trade measured in pips. It is the difference between the bid and ask price of a currency pair. The larger the gap, the higher the spread. Spreads can be influenced by many factors that include market volatility, trading instruments and liquidity.


Examine the Commission charges.


While the spread refers to the trading cost, commissions are paid at the entry and exit points of the trade. Some brokers may offer lower spreads, then offset them with higher commissions. Make sure to check these prices before opening an account so that you are aware of all fees.


Keep in mind that the brokerage fees can eat your profits, and look for a broker with lower fees. Enjoy lower spreads on all major currencies from 0 to 1 pip with AximTrade. The price you want to buy or sell is your choice, with 0% commissions on some accounts.


Look over Swap Rates.


Swap rates or rollovers are overnight interest rates that are added or deducted from holding a position overnight. Overnight Trading Costs are important to monitor, as they increase the longer a trade remains open. Since a swap can be viewed as a form of interest or a fee charged by a broker, it poses a problem for Muslim traders following Sharia law.


Brokers like AximTrade offer Islamic accounts to solve this problem. The only difference between this type of account and a regular one is that there are no special fees or interest charges. AximTrade offers swap-free accounts to customers in certain regions, particularly Islamic and Arabic-speaking countries.


3. Ensure your account has access to trade all Assets.


Some brokerage firms will only allow their standard account holders to trade their entire selection of assets while limiting it to micro account holders.


For example, a broker might limit the number of currency pairs available to micro account holders, while standard account holders will be able to trade all currency pairs along with other assets like commodities and stocks.


The difference with AximTrade is that there are no limitations on trading currency pairs, and any account holder can enjoy the freedom of trading multiple assets like forex, metals, energies, indices and cryptocurrency.


4. Availability of MT4 – Best Forex Trading Platform.


MetaTrader 4 (MT4) is considered by the vast majority of forex traders to be the best platform for forex trading in the modern era. It is well known for its user-friendly interface, making it easy for both new and experienced traders to trade with ease and comfort. Traders of all levels find this Forex platform easy for trading multiple currency pairs and other financial instruments such as CFDs, indices, futures, commodities, and even cryptocurrencies.


AximTrade MetaTrader 4 provides easy access to the market from anywhere. You can access AximTrade’s MT4 platform from anywhere and anytime and stay updated on market activity from your laptop or smartphone. The AximTrade MT4 platform allows professional traders to manage multiple forex trading accounts effectively and efficiently.


Benefits of choosing AximTrade Forex Account.


AximTrade offers a variety of options when it comes to forex accounts. Traders can choose the best account type based on their trading strategy, experience, and investment capital. AximTrade offers up to 15 trading accounts, including 7 Standard Accounts, 2 Cent Accounts, 5 ECN Accounts, and 1 Infinite Leverage Account per Active Member Area.


As a global leading Forex broker, AximTrade provides forex traders with the highest leverage on the market, up to Infinity. Register to explore the diversity of forex currency pairs and the best trading conditions with easy-to-use technology, educational resources, technical analysis, and highly competitive trading options like Copytrade .


Featuring an execution time of 0.004s, 100+ trading instruments, flexible leverage, and a 100% forex bonus, AximTrade stands out as the best broker for its reliability and excellent trading conditions. Discover luxury trading with a minimum deposit requirement and a diverse range of tools offered by the leading broker. Check the full Aximtrade Review to learn more about the broker’s reputation in the forex market.


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Forex broker best 7

Best High Leverage Forex Brokers.


Finding the best high leverage forex broker that will give you the maximum leverage can be a challenge. There are a ton of different highest leverage brokers out there. We’ll review each, so you can figure out which one is right for you.


In order to trade currencies, you will need a Forex Broker. The broker will allow you to access the market to both buy and sell various currencies from around the world. The broker will also allow you to use leverage, which is when you trade large positions with a small deposit known as margin. Essentially, the broker loans you money to control larger amounts of currencies, as on a percentage basis the currency markets are very stable.


Top Brokers Minimum Deposit Max Leverage Regulations $200 1:30 ASIC, CySEC, FCA, MiFID VISIT BROKER 68% of retail CFD accounts lose money. eToro USA LLC does not offer CFDs, only real Crypto assets available. $100 1:400 MiFID VISIT BROKER $50 1:200 IFSC VISIT BROKER.


However, it is important to be cautious about leverage, as controlling a large position can increase the gains and losses in a position. While leverage restrictions can vary from country to country, it is important to understand what needs you have based upon your trading system and methodology.


Let’s check out some of the top-rated maximum leverage forex brokers on the market today.


Compare the Top Forex Brokers with High Leverage in 2022.


Here’s a list of the best high leverage forex brokers that will let you maximize your position and increase your gains with unlimited leverage.


Hot Forex.


Hot Forex is a Forex and Commodities broker that has been in business since 2010 and has received over 30 industry awards. They offer a straight-through trade process in order to facilitate trading of the markets. This means that they use an ECN based model, matching orders. This means that there is no dealing desk, and this helps with a conflict of interest problem arising. The company is currently incorporated in St. Vincent & the Grenadines, although regulated in various countries around the world.


Hot Forex uses MetaTrader, both 4 and 5. These versions are the two most popular platforms in the world and are possibly the most versatile. The ability to download thousands of indicators and robots from the internet has made is popular with traders. MetaTrader offers reliability, as it has been the industry standard for several years, facilitating millions of trades every year.


Account Stats.


Leverage: Leverage will vary a bit for traders, depending on not only the account type, but also the asset. See below.


Disclaimer about leverage: Leverage is offered based on your knowledge and experience. The Leverage / Margin requirements may be subject to change as a result of applicable regulations in your country of residence. Maximum leverage: Flexible leverage.


Minimum deposits allowed: Traders can get started with Hot Forex with as little as $5, depending on which account they are opening. That being said, minimums can go as high as $500.


Account types:


Micro: Min. deposit of $5, spreads from 1 pip on Forex, and leverage as high as 1:1000 Premium: Min. deposit of $100, spreads from 1 pip on Forex, and leverage as high as 1:500 Zero Spread: Min. deposit of $200, spreads from 0 pips on Forex, and leverage as high as 1:500 Auto: Min. deposit of $200, spreads from 1 pip on Forex, and leverage as high as 1:500 PAMM: Min. deposit of $250, spreads from 1 pip on Forex, and leverage as high as 1:300 HFCOPY: Min. deposit of $500 for strategy providers, and $100 for followers. Spreads from 1 pip on Forex, and leverage as high as 1:400.


Regulations:


SV (St. Vincent & the Grenadines) FCA (United Kingdom) DFSA (Dubai) FSA (Seychelles)


Payment options: Hot Forex allows wire transfers, Union Pay, Maestro, Mastercard, Visa, Bitcoin, Bitcoin Cash, FasaPay, Neteller, Skrill, and WebMoney.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients.


Pros.


Offers high leverage Low deposit minimums Ability to copy traders MetaTrader ecosystem Regulated in multiple jurisdictions Markets include Forex, Energy, Bonds, and other commodities.


Cons.


Doesn’t allow US clients Based in St. Vincent and the Grenadines.


Bottom line.


This regulated broker with high leverage has been around for a decade and has offered thousands of traders a safe place to ply their craft. The broker has plenty of bonuses and significant educational materials. The ability to trade markets on a global scale is a major advantage as well. Hot Forex is a respected broker with experience, making it a valid choice.


FXTM (Forex Time)


FXTM is a Forex and CFD broker that has been in business since 2011, gathering over 25 awards. FXTM is one of the fastest growing CFD and Forex brokers in the world, and as a result they will continue to improve over time.


FXTM uses MetaTrader, both 4 and 5, the world’s most popular CFD and Forex trading platform by far. The market leader in platforms, you will have the ability to choose from thousands of addons and find that it is by far the most reliable and flexible platforms you can get. Beyond that, the reliability is a major selling point for MetaTrader. FXTM also offers not only the standalone versions of MetaTrader, but also the web based and mobile flavors as well.


Account Stats.


Leverage: Leverage will vary a bit for traders, depending on not only the account type, but also the asset. See below.


Minimum deposits allowed: Depending on what account you choose, you can start with $10, 10 GBP, 10 EUR. However, you can also face a minimum deposit as high as $25,000, 25,000 GBP, or 25,000 EUR if you choose the FXTM Pro Account.


Account types:


Standard: Min. deposit of $100, spreads from 1.3 pips on Forex, and leverage as high as 1:1000 Cent: Min. deposit of $10, spreads from 1.3 pips on Forex, and leverage as high as 1:500 Shares Account: Min. deposit of $100, spreads from 0.1 pips on CFDs, and leverage as high as 1:500 ECN: Min. deposit of $500, spreads from 0.1 pips on Forex, and leverage as high as 1:1000 ECN Zero Account: Min. deposit of $200, spreads from 1.5 pips on Forex, and leverage as high as 1:1000 FXTM Pro: Min. deposit of $25,000, spreads from 0 pips on Forex, and leverage as high as 1:200.


Regulations:


CySEC (Cyprus) FCA (United Kingdom) FSCA (South Africa) FSC (Mauritius)


Payment options: FXTM allows wire transfers, Union Pay, Maestro, Mastercard, Visa, Bitcoin, FasaPay, Neteller, Skrill, WebMoney, and dozens of other alternatives. There are plenty of local options as well.


Please note that the list of the methods above depend on the FXTM entity and on the Clients Country of Residence.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients.


Pros.


Offers extraordinarily high amount of leverage Low deposit minimums Ability to copy traders MetaTrader ecosystem Very tight spreads Markets include Forex, Energy, Bonds, and other commodities Regulated in multiple jurisdictions.


Cons.


Doesn’t allow US clients.


Bottom line.


FXTM has been providing an awesome trading platform for over 10 years, and is highly visible through sponsorships via football, F1, tennis, and many more venues. This means that the broker will continue to strive for excellence, as they have a high profile reputation that they will defend. The broker allows you the ability to trade the global markets, in both correlated and non-correlated assets. The ease and ability to trade so many markets is a big advantage.


FBS.


FBS is a Forex and Commodities broker that has been in business since 2009. The company offers plenty of markets to trade, but in the end, it is quite often the massive amounts of leverage that people tend to flock to. They are regulated in Belize, which isn’t always the best sign, more importantly they are based in the Marshall Islands.


FBS uses MetaTrader, both 4 and 5, just as many others do. The ability to trade from your desktop, mobile phones, and web based is a major advantage of the platform. The ability to download thousands of indicators and robots from the internet has made is popular with traders and remember that many of these are free as well. MetaTrader is well-known for its reliability and versatility, and this continues to be a selling point.


Account Stats.


Leverage: Leverage will vary based on what account you are using, but it can be as high as 1:3000, the highest in the industry. See below for more information.


Minimum deposits allowed: Based on the account you choose, you can start trading with as little as $1, but minimum deposits can reach as high as $1000, if you choose the ECN account.


Account types:


Standard: Min. deposit of $100, spreads from 0.5 pips on Forex, and leverage as high as 1:3000 Cent: Min. deposit of $1, spreads from 1 pip on Forex, and leverage as high as 1:1000 Micro: Min. deposit of $5, spreads from 3 pips on Forex, and leverage as high as 1:3000 Zero Spread: Min. deposit of $500, spreads fixed from 0 pips on Forex, and leverage as high as 1:3000 ECN: Min. deposit of $1000, spreads from -1 pip on Forex, and leverage as high as 1:500.


Regulations:


Payment options: FBS allows Credit Card, Neteller, PerfectMoney, Skrill, and Wire Transfer.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients.


Pros.


Offers extraordinarily high amount of leverage Low deposit minimums Ability to copy traders MetaTrader ecosystem Very tight spreads Markets include Forex, Energy, Shares, and other commodities.


Cons.


Doesn’t allow US clients Regulated in Belize Based in Marshall Islands.


Bottom line.


FBS was created over a decade ago, which is probably the best part of the broker. While they do offer 1:3000 leverage, the trader will more than likely lose most if not all of their deposits using this kind of leverage. This broker also cannot offer services to clients of multiple countries, and one of the biggest “red flags” that we see is that they claim an award as the Best Broker in Malaysia, while not being able to accept traders from that same country. There are places that you can trade without some of these suspicious signs.


NordFX.


NordFX is a Forex and Commodities broker that has been in business since 2008, being trusted by thousands of traders worldwide. They offer a straight-through trade process in order to facilitate trading of the markets. This means that they use an ECN based model, matching orders. Without a dealing desk, NordFX offers a fair set up for retail traders. They are based in Cyprus, Scotland, and Vanuatu.


Nord FX uses MetaTrader 4, the world’s most widely used terminal for trading Forex and CFDs. MetaTrader 4 will be very easy for most traders to use, and the versatility is a major feature of this platform. Most traders will have experience using it, and the ability to find thousands of addons is a crucial advantage. They are in the phase of bringing in MetaTrader 5, as it is the future as well.


Account Stats.


Leverage: Leverage will change based on the account you choose, but most are set at 1:1000, unless you are opening a stock account. See below for more information.


Minimum deposits allowed: Contingent on the account you choose, you can start trading with as little as $10, but minimum deposits can reach as high as $500, if you choose the Zero account.


Account types:


Fix: Min. deposit of $10, spreads from 2 pips on Forex, and leverage as high as 1:1000 Pro: Min. deposit of $1, spreads from 0.9 pips on Forex, and leverage as high as 1:1000 Zero: Min. deposit of $5, spreads from 0 pips on Forex, and leverage as high as 1:1000 Stocks: Min. deposit of $500, commission of 0.2% round turn, and leverage at high as 1:5.


Regulations:


Payment options: Nord FX allows Credit Card, Bank Transfer, WebMoney, QIWI, Skrill, Neteller, PerfectMoney, Yandex Money, Ngan Long, Pay Today, and Dragonpay.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients.


Pros.


Offers high amount of leverage Low deposit minimums MetaTrader ecosystem Good spreads Markets include Forex, Energy, Shares, and other commodities.


Cons.


Doesn’t allow US clients.


Bottom line.


NordFX has been around from 2008 and has been well-known for that time. The broker has offered global markets to traders the entire time and has serviced hundreds of thousands of clients worldwide. All things being equal, Nord FX is one of the larger players in the high leverage markets.


Octa FX.


Octa FX is a Forex and Commodities broker that has been in business since 2011, making is a bit of a newer broker compared to the rest of this list, but is regulated and offers the world for the global trader. Octa FX is based in St. Vincent and the Grenadines.


Octa FX uses MetaTrader 4 and 5, the world’s most widely used terminal for trading Forex and CFDs. MetaTrader 4 or 5 will be very easy for most traders to use, and the versatility is a major feature of this platform. Octa FX also offers cTrader, a popular trading platform, especially for those that are more algo inclined. Theses platforms are available via mobile, desktop, and web based.


Account Stats.


Leverage: Leverage will change on the account you are using, all the way up to 1:500. See below for more info.


Minimum deposits allowed: Depending on your account choice, you can start your account with as small as $100, but minimum deposits can reach as high as $500, if you choose the Pro account.


Account types:


Micro: Min. deposit of $10, spreads from 0.4 pips on Forex, and leverage as high as 1:500 Pro: Min. deposit of $500, spreads from 0.2 pips on Forex, and leverage as high as 1:200 ECN: Min. deposit of $100, spreads from 0 pips on Forex, and leverage as high as 1:500.


Regulations:


Payment options: Nord FX allows Credit Card, Bank Transfer, WebMoney, Skrill, Neteller, PerfectMoney, Bitcoin, and a massive list of local banks and payment systems around the world.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients.


Pros.


Offers high amount of leverage Low deposit minimums MetaTrader ecosystem Also offers cTrader platform Good spreads Markets include Forex, Energy, Shares, and other commodities.


Cons.


Doesn’t allow US clients Based in St. Vincent and the Grenadines.


Bottom line.


Octa FX has been around from 2011. This is one of the younger brokers on this list, but in the end, it does offer a nice selection of markets. Beyond that, this broker offers tight spreads in those markets. However, this is a broker that is based in St. Vincent and the Grenadines, which isn’t always the best sign.


JustForex.


JustForex is a Forex, CFD, and crypto broker that has been in business since 2012. This is a smaller concern, but in the end, if you wish to add crypto to your trading, by definition you will probably work with a newer broker. They are based out of Belize.


JustForex uses MetaTrader 4 and 5, which are some of the most popular Forex trading platforms on the market. The platform allows traders to access the currency markets in a simple and straightforward way, but also will allow the trader to add as many extras as they need as far as indicators and algos. This allows the trader to use stand alone platforms, mobile, and web based.


Account Stats.


Leverage: Leverage will vary depending on the account you are using, all the way up to 1:3000. This “ties” it for the highest amount of leverage on this list. See below for more info.


Minimum deposits allowed: Depending on what account you choose, you can start with as little as $0, but minimum deposits can reach as high as $500, if you choose the Pro or ECN accounts.


Account types:


Standard: Min. deposit of $100, spreads from 0.1 pips on Forex, and leverage as high as 1:3000 Pro: Min. deposit of $500, spreads from 0.1 pips on Forex, and leverage as high as 1:3000 ECN: Min. deposit of $500, spreads from 0 pips on Forex, and leverage as high as 1:500 Cent: Min. deposit of $0, spreads from 0.3 pips on Forex, and leverage as high as 1:1000 Mini: Min. deposit of $0, spreads from 0.3 pips on Forex, and leverage as high as 1:3000.


Regulations:


FSA (St. Vincent and the Grenadines)


Payment options: JustForex allows Credit Card, Bank Transfer, Neteller, PerfectMoney, SticPay, FasaPay, and some other local payment systems.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients.


Pros.


Offers high amount of leverage Low deposit minimums MetaTrader ecosystem Crypto available Markets include Forex, Energy, Shares, and other commodities.


Cons.


Doesn’t allow US clients Based in St. Vincent and the Grenadines Relatively new company.


Bottom line.


Octa FX has been around from 2012. This is another relatively young broker, as it hasn’t been tested by a financial crisis. While there is a lot of bonuses offered by this broker, the reality is that we need to feel safe with our brokers. This is a broker that is based in St. Vincent and the Grenadines, which means that there are safer alternatives out there.


Trader’s Way.


Trader’s Way is a Forex and CFD broker that has been in business since 2011. This broker is a long series of “red flags” to say the least. While they offer attractive forex spreads and in Forex, metals, and energies, they have serious issues when taking in deposits. The company is based in Dominica, not exactly known for its strong financial industry.


Trader’s Way uses MetaTrader 4 and 5, the most popular Forex platforms in the world. The platform allows traders access to CFD, metals, and energy markets in a popular and simple way. This platform is so well-known that the addons and templates that are available are mind boggling.


Account Stats.


Leverage: Leverage will vary depending on the account you are using, all the way up to 1:1000. This is probably the biggest advantage to using this broker.


Minimum deposits allowed: Depending on the account you choose, you can start with as little as $1, but minimum deposits can reach as high as $100, if you choose the CTrader ECN account.


Account types:


FIX: Min. deposit of $1, spreads fixed from 2 pips on Forex, and leverage as high as 1:1000 VAR: Min. deposit of $1, spreads from 1.4 pips on Forex, and leverage as high as 1:1000 ECN: Min. deposit of $100, spreads from 0.5 pips on Forex, and leverage as high as 1:1000 ECN: Min. deposit of $50, spreads from 0.5 pips on Forex, and leverage as high as 1:500.


Regulations:


Payment options: Trader’s Way allows Credit Card via VLoad, Bank Transfer via Abra, Neteller, PerfectMoney, USD Coin, Litecoin, Ether, and just about any other type of secondary methods. The fact that the broker can’t even accept direct payments just screams a major problem.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients. However, they only “suggest” that they aren’t directly their sales pitch at your, not that they won’t take your deposit. This is another “red flag.”


Pros.


Offers high amount of leverage Low deposit minimums MetaTrader ecosystem Markets include Forex, Energy, and metals.


Cons.


Doesn’t allow US clients, in theory Based in Dominica Unregulated Cannot take direct deposits easily.


Bottom line.


Trader’s Way has been around from 2011. The fact that this is an unregulated broker from Dominica is reason enough to stay away. Beyond that, they cannot take a direct payment very easily, so this makes working with them extraordinarily difficult.


Alpari.


Alpari is a huge Forex and CFD broker that has been in business since 1998. This is a global broker that has offices on three different continents, allowing for a global presence that people all over the world will be familiar with. The original company was founded in Russia but has since branched out all over the world.


Alpari uses MetaTrader 4 and 5, the most popular Forex platforms in the world. Alpari allows people to use it in desktop, mobile, and web based forms. As with all of the other brokers on this list, you can add a lot of value to the platform with algos, indicators, and the like.


Account Stats.


Leverage: Leverage will vary depending on the account you are using, all the way up to 1:1000. The amount of leverage will depend on the account and asset. See below.


Minimum deposits allowed: Depending on the account you choose, you can start your account with only $100, but minimum deposits can reach as high as $25000, if you were to choose the Forex Pro Account.


Account types:


Standard: Min. deposit of $100, spreads fixed from 1.2 pips on Forex, and leverage as high as 1:1000 Micro: Min. deposit of $1000, spreads from 1.7 pips on Forex, and leverage set at 1:400 ECN: Min. deposit of $500, spreads from 0.4 pips on Forex, and leverage as high as 1:1000 Pro: Min. deposit of $25,000, spreads from 0.4 pips on Forex, and leverage as high as 1:300.


Regulations:


FSC (Mauritius) CySEC (Cyprus)


Payment options: Alpari allows Credit Card, Bank Transfer, Neteller, PerfectMoney, Bitcoin, Skrill, FasaPay, and some other local payment systems.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients.


Pros.


Offers high amount of leverage Low deposit minimums MetaTrader ecosystem Markets include Forex, metals, and others Global company.


Cons.


Doesn’t allow US clients.


Bottom line.


Alpari is one of the oldest brokers that we are looking at in this article. They are well known and have offered services to millions of traders for over 20 years. They are one of the largest brokers on the market and have a far reaching presence that can give many traders will appreciate.


Alpari is probably the most famous broker out there and will be well capitalized in order to make trading there safe. The broker has a huge presence in not only the currency markets, but also as a sponsor of a lot of major sports teams, race teams, etc.


RoboForex.


RoboForex is a broker offering Forex, a large amount of CFD markets, and crypto. The company has been around since 2009, and has three major offices in Belarus, Belize, and Cyprus. The broker has been very active in the CFD world and allows a lot of different global markets that people can gain access to.


RoboForex uses MetaTrader 4 and 5, the most popular Forex platforms in the world. They also offer access to cTrader, and even more intriguing R Trader. All of these platforms are professional and well-known, with MetaTrader being the biggest one. However, if you like algo trading, cTrader is a great choice. R Trader features everything a trade could want in a browser-based package.


Account Stats.


Leverage: Leverage will vary depending on the account you are using, all the way up to 1:2000. The amount of leverage will depend on the account and asset. See below.


Minimum deposits allowed: Depending on the account you choose, you can start with as little as $10, but minimum deposits can reach as high as $5000, if you were to choose the Prime Account.


Account types:


Pro-Standard: Min. deposit of $10, spreads from 1.3 pips on Forex, and leverage as high as 1:2000 ECN-Pro: Min. deposit of $10, spreads from 0 pips on Forex, and leverage as high as 1:300 Prime: Min. deposit of $5000, spreads from 0 pips on Forex, and leverage set at 1:100 Pro-Cent: Min. deposit of $10, spreads from 1.3 pips on Forex, and leverage as high as 1:2000 Affiliate: Min. deposit of $10, spreads from 0 pips on Forex, and leverage as high as 1:2000 R Trader: Min. deposit of $100, spreads from 0.01 on stocks, and leverage as high as 1:200.


Regulations:


IFSC (Belize) CySEC (Cyprus)


Payment options: Alpari allows Credit Card, Bank Transfer, Neteller, PerfectMoney, Bitcoin, Skrill, FasaPay, and several other local payment systems. The list is exhaustive and continues to grow.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients.


Pros.


Offers high amount of leverage Low deposit minimums MetaTrader ecosystem Markets include Forex, metals, indices, and crypto Global company Multiple platforms to choose from.


Cons.


Doesn’t allow US clients.


Bottom line.


RoboForex is a large company that offers a lot of markets for traders to deal in. The markets that they offer allow the trader to take advantage of correlated assets, as well as non-correlated assets. The ability to use several platforms will also be a major advantage. Because of this, RoboForex looks as if it is ready to move into the ranks of the larger brokers out there. The massive amount of funding options will make this a broker that many people will find convenient, as many of the payment options are local. Being a global company, they are still growing very rapidly.


FiboGroup.


FiboGroup, also known by its long form name Financial Internet Brokerage Online Group, is a company that started in 1998, and offers both Forex and CFD trading. This company is one of the oldest online trading brokers in the world and is based in the British Virgin Islands.


FiboGroup offers the industry standard MetaTrader ecosystem, and therefore should be familiar for many traders around the world. The ability to customize the platform will of course be a major advantage of the broker via this ecosystem. The broker also offers cTrader, which allows for algo trading, and a whole host of many other advantages.


Account Stats.


Leverage: Leverage will vary depending on the account you are using, all the way up to 1:1000. The amount of leverage will depend on the account and asset. See below.


Minimum deposits allowed: Depending on your account choice, you can start with as little as $0, but minimum deposits can reach as high as $500, if you were to choose the MT5 NDD Account.


Account types:


MT4 Cent: Min. deposit of $0, spreads from 0.6 pips on Forex, and leverage as high as 1:1000 MT4 Fixed: Min. deposit of $300, spreads from 2 pips on Forex, and leverage as high as 1:200 MT4 Floating: Min. deposit of $300, spreads from 0.8 pips on Forex, and leverage set at 1:200 MT4 NDD: Min. deposit of $300, spreads from 0 pips on Forex, and leverage as high as 1:400 cTrader NDD: Min. deposit of $300, spreads from 0 pips on Forex, and leverage as high as 1:100 MT5 NDD: Min. deposit of $500, spreads from 0.01 on stocks, and leverage as high as 1:100.


Regulations:


FSC (British Virgin Islands) CySEC (Cyprus)


Payment options: FiboGroup allows Credit Card, Bank Transfer, Neteller, Skrill, WebMoney, and several other local payment systems.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients.


Pros.


MetaTrader ecosystem Markets include Forex and metals Well-established company Multiple platforms to choose from.


Cons.


Doesn’t allow US clients.


Bottom line.


FiboGroup is a well-established company that offers access to several markets globally. However, the leverage offered here isn’t as strong as some other places, so this could be a barrier for some traders. Nonetheless, the broker is very established, and this in and of itself can be one of the main reasons that people continue to deposit money into the company.


The broker also allows several platforms and account types, so this of course is another great feature of this broker. They have facilitated traders for well over 20 years and have a good reputation online from traders around the world. That being said, they are a bit behind the times when it comes to the offerings available to trade.


Grand Capital.


Grand Capital is a broker that offers Forex and CFD markets for retail traders. It has been in business in one form or another since 2006, making it very old as far as Forex brokers are concerned. The company is based in St. Vincent and the Grenadines, where many other brokers are headquartered.


Grand Capital offers the MetaTrader ecosystem, both the 4 and 5 versions. With this in mind, it allows traders to switch brokers if they known the platform with almost no issue. After all, the MetaTrader platform is so common, that if you have ever traded before, you will almost certainly used it. If you haven’t, you will certainly love the abilities built into this platform.


Account Stats.


Leverage: Leverage will vary depending on the account you are using, all the way up to 1:500. The amount of leverage will depend on the account and asset. See below.


Minimum deposits allowed: Depending on the account you choose, you can start with as little as $10,


Account types:


Standard: Min. deposit of $100, spreads from 0.1 pips on Forex, and leverage as high as 1:1000 Crypto: Min. deposit of $100, spreads from 2.9 pips on crypto, and leverage as high as 1:200 ECN Prime: Min. deposit of $500, spreads from 0 pips on Forex, and leverage set at 1:200 Micro: Min. deposit of $10, spreads from 0.9 pips on Forex, and leverage as high as 1:500 MT5: Min. deposit of $100, spreads from 0.4 pips on Forex, and leverage as high as 1:100 Swap Free: Min. deposit of $100, spreads from 0.01 on stocks, and leverage as high as 1:100.


Regulations:


Payment options: Grand Capital allows Credit Card, Bank Transfer, Neteller, Skrill, Cryptocurrencies, WebMoney, and several other local payment systems.


US customers: No. As they offer commodity CFDs, they do not have the ability to accept US-based clients.


Pros.


MetaTrader ecosystem Markets include Forex and metals Well-established company Multiple platforms to choose from.


Cons.


Doesn’t allow US clients.


Bottom line.


Grand Capital is a forex broker with unlimited leverage that allows traders to access CFD markets in order to trade currencies, crypto, and several other markets to take advantage of global conditions. The broker has been around for quite some time, and this is one of the strengths of the broker. The large amount of ways to deposit funds is a major benefit as well.


The broker doesn’t accept US or Japanese clients, which is a negative. However, this is more a matter of Dodd-Frank regulations than anything else. Clearly, this is a place that offers a lot of opportunities, but perhaps the leverage is a bit less than some of you might be looking for. Beyond that though, this is a solid broker, offering a lot of choices internally.


Top High Leverage Forex Brokers.


Broker Leverage Comparison.


Forex Broker Minimum Account Size Maximim Leverage Hot Forex $5 1:1000 FXTM (Forex Time) $10 1:1000 FBS $1 1:3000 Nord FX $10 1:1000 Octa FX $10 1:500 JustForex $1 1:3000 Trader's Way $1 1:1000 Alpari $1 1:1000 RoboForex $10 1:2000 FiboGroup $1 1:1000 Grand Capital $10 1:1000.


Common Unlimited Leverage Broker Questions.


What is leverage in Forex?


Leverage in Forex, just as in other markets, is the ability to trade more of a position that you can actually afford. Basically, the broker loans you a certain amount of money in order to trade larger amounts of a currency pair, which makes quite a bit of sense, because quite frankly the currency markets don’t move enough to make them worthwhile without boosting your leverage.


To trade an unlevered position, it’s not uncommon to see 2% moves for the year. Currency markets typically don’t move very much of the course of the year, so without leverage they tend to be longer term investments.


Which Forex broker has the highest leverage?


The Forex broker that offers the highest amount of leverage on this list is JustForex. It offers 3000 times your deposit, which allows the trader to make massive gains or massive losses based upon a very minimal move. Because of this, it allows for massive speculation, but you should never forget that leverage can cause quite a bit of damage if you are on the wrong side of the trade.


In other words, if you are trading a position and it goes against you, you can lose as much as 3000 times the amount that you have put forward to manage the position.


What is the maximum leverage in Forex?


There is no real maximum leverage in Forex, but the JustForex leverage of 3000 times is certainly one of the biggest. It comes down to the jurisdiction in which the Forex broker is regulated, as it can change from one country to another.


For example, it’s not uncommon to see 200 times leverage in one country, but only 50 times leverage in another. It just comes down to the local laws in which brokers find themselves working with. In general, the more well established the regulator is, the more likely you are to see lower leverage than higher, as they tend to be much more protective of retail traders in general.


What is 1:500 leverage in Forex?


1:500 leverage simply means that for every one unit of a currency that you have deposited, you can trade 500. For example, if you have $1 available for trading, you can open up a $500 sized position. This means that your wins or losses are 500% of your margin that you have laid out for the position, and therefore your position size will move 500 times its actual pricing.


While Forex traders talk about pips, the reality is that a pip is a very small movement overall, and therefore it is the leverage that makes it pay or cost as much as we see on our platforms.


What is the best leverage for a beginner?


As a general rule, the lower the leverage the better it is for a beginning trader. Ultimately, leverage can be extraordinarily dangerous, so you need to be cautious about what you use for leverage. As a general, beginning trader should use a demo account, and then perhaps a small account that has a handful of currency ended in order to get the feel of live trading. Over time, will then start to increase your deposit with your beginner forex broker.


Ultimately though, the leverage isn’t as important as the money management. There is almost no reason to ever have extreme amounts of leverage, and quite frankly 1:200 can be quite destructive to your account if you are not careful. For what it’s worth, most professional trading desks are operating somewhere near 1:10 leverage. There is a reason for this, mainly because of the possibility of ruling on a news event.


Our Recommendation.


While there are several Forex brokers in this list that I would consider using, perhaps the one that seems most viable for the average retail trader is Alpari, as it is so well-known and heavily regulated. Beyond that, it has a worldwide reach so there are offices around the world. It’s a high profile broker, so therefore it does not want bad press. This means that safety of clients capital and trading conditions will be paramount with such a well-known company. After all, being founded in 1998 and still being one of the bigger brokers out there is no small feat.


While the excessive amounts of leverage at other Forex brokers may be somewhat attractive to some traders, the reality is that extreme gains can be made with much lower leverage, and beyond that, Alpari operates a wide range of markets that you can benefit from. That being said, you can also make a relatively strong argument for several others on this list.


1 Compare the Top Forex Brokers with High Leverage in 2022 1.1 Hot Forex 1.1.1 Account Stats 1.1.2 Pros 1.1.3 Cons 1.1.4 Bottom line 1.2.1 Account Stats 1.2.2 Pros 1.2.3 Cons 1.2.4 Bottom line 1.3.1 Account Stats 1.3.2 Pros 1.3.3 Cons 1.3.4 Bottom line 1.4.1 Account Stats 1.4.2 Pros 1.4.3 Cons 1.4.4 Bottom line 1.5.1 Account Stats 1.5.2 Pros 1.5.3 Cons 1.5.4 Bottom line 1.6.1 Account Stats 1.6.2 Pros 1.6.3 Cons 1.6.4 Bottom line 1.7.1 Account Stats 1.7.2 Pros 1.7.3 Cons 1.7.4 Bottom line 1.8.1 Account Stats 1.8.2 Pros 1.8.3 Cons 1.8.4 Bottom line 1.9.1 Account Stats 1.9.2 Pros 1.9.3 Cons 1.9.4 Bottom line 1.10.1 Account Stats 1.10.2 Pros 1.10.3 Cons 1.10.4 Bottom line 1.11.1 Account Stats 1.11.2 Pros 1.11.3 Cons 1.11.4 Bottom line 2.1 Broker Leverage Comparison 3.1 What is leverage in Forex? 3.2 Which Forex broker has the highest leverage? 3.3 What is the maximum leverage in Forex? 3.4 What is 1:500 leverage in Forex? 3.5 What is the best leverage for a beginner?

Forex broker best 6

8 Best Stocks to Buy Right Now (January 2023) – Investment Ideas.


It’s been difficult to watch the action in the stock market lately. The Federal Reserve, or Fed, is moving to combat inflation at levels we haven’t seen in more than four decades, and most financial experts agree that there’s a high probability of an economic recession in the near term. Of course, the market is reacting. The S&P 500 is down more than 21% year-to-date with the Dow Jones Industrial Average and Nasdaq composite falling more than 16% and 30%, respectively. In times like these, it’s hard to decide which stocks you should buy, if any. However, even when picking stocks feels like you’re swimming through a sea of red, there are lush, green opportunities to take advantage of.


Best Stocks to Buy Right Now.


When the bears take hold of the market, it’s easy to second-guess your investment decisions and difficult to find anything you’d be interested in piling your money into. However, no matter how red the market is, there’s always a glimmer of green.


You own shares of Apple, Amazon, Tesla. Why not Banksy or Andy Warhol? Their works’ value doesn’t rise and fall with the stock market. And they’re a lot cooler than Jeff Bezos. Get Priority Access.


Where are those glimmers now? The top stocks to buy now are large companies with a massive economic moat — a competitive advantage that keeps competitors from chipping away at them. Many of these are non-cyclical plays that offer strong dividends. And there are a few cyclical gems that risk-tolerant investors may want to dive into for a discount on gains that seem all but guaranteed in the future. Here are some ideas for the best stocks to consider buying right now. There’s a little something for every kind of investor.


1. Amazon.com, Inc. (NASDAQ: AMZN)


Performance : Amazon.com’s stock price has fallen more than 33% year-to-date (YTD) and more than 38% over the past year. Dividend Yield : 0% Valuation Metrics : Price-to-earnings ratio (P/E ratio): ~53; price-to-book value ratio (P/B ratio): ~8; price-to-sales ratio (P/S ratio): ~2.3. Market Cap : ~$1.152 trillion.


Tech stocks like Amazon.com are likely the last pick you’d expect to find on this list. The company operates in a highly cyclical industry and has given up about a third of its value this year alone. There’s no question that some AMZN investors are frustrated beyond words at this point, but that’s often the best time to buy.


Even through the recent selloff, the stock has maintained its position as a favorite among exchange-traded funds (ETFs) and mutual funds. What’s so exciting about this falling knife?


Amazon.com is an e-commerce giant with a clear ability to weather economic storms. The company’s share price didn’t even flinch in the face of the COVID-19 pandemic, likely because it benefited greatly from stay-at-home orders and store closures.


That’s not the first crisis the company has faced. Although it had its ups and downs, the company’s strong fundamentals carried it through the dot-com bubble burst and the Great Recession. And though the stock may be trading down at the moment, that trend isn’t likely to last forever.


If history is any indication, the company will be sailing toward all-time highs again in no time flat.


The company also has a potential bounce back to greatness as fears settle. Throughout the majority of its existence, Amazon.com has focused on razor-slim margins in the e-commerce space. However, its newer Amazon Web Services (AWS) cloud computing offering is anything but a thin-margin offering. Margins on the AWS business are so big that they’re pushing the company’s average margins to the roof.


All told, Amazon.com does face some economy-related headwinds ahead, but it’s nothing the company hasn’t already proven to be perfectly capable of handling. If you’re risk-tolerant enough to hold on through what may be a short-term rough patch and wise enough to dollar-cost average in the bear market, AMZN is a stock that’s worth your consideration.


2. Devon Energy Corp (NYSE: DVN)


Best for income investors.


Performance : DVN is up more than 12% YTD and 84% over the past year. Dividend Yield : ~9%. Valuation Metrics : P/E ratio: ~11; P/B ratio: ~4; P/S ratio: ~2.75. Market Cap : ~$33.9 billion.


Devon Energy is an income investor’s dream. The company is the highest-paying dividend stock on the S&P 500. Devon Energy is an oil and gas powerhouse with a long history of stellar performance — and after more than 80% growth over the past year, the share price growth is expected to continue.


Income investing veterans may be thinking, “DVN is only paying dividends because oil and gas prices are soaring.” But that’s not the case. The company has consistently paid strong dividends to investors for the past 29 years, even when oil and gas prices have been down.


It has a strong balance sheet and impressive credit rating. Even when the oil and gas industry isn’t so hot, the company has access to the money it needs to pay dividends.


Now may be the best time to buy too.


The Organization of Petroleum Exporting Countries (OPEC), the world’s largest oil cartel, recently announced plans to boost oil production. The announcement sent DVN falling, giving up much of the gains it’s seen this year already. Although the stock is up 12% YTD, it’s given up more than 33% of its value in the past month.


These declines aren’t going to last forever.


European nations are expected to ban more than two-thirds of Russian oil imports within the next year, which could send oil prices headed for the top yet again. That’s great news for DVN and its investors.


Nonetheless, if you’re an income investor, chances are you’re not too concerned with price appreciation; you’re more interested in the quarterly dividend check. When you invest in Devon Energy, you can rest assured that meaningful dividend payments will come on schedule, just as they have for nearly 30 years.


3. Meta Platforms Inc (NASDAQ: META)


Best for growth investors.


Performance : Meta Stock has fallen more than 50% YTD and more than 52% over the past year. Dividend Yield : 0%. Valuation Metrics : P/E ratio: ~12; P/B ratio: ~3.5; P/S ratio: ~2.75. Market Cap : ~$453 billion.


Meta Platforms, formerly Facebook, is a favorite on Wall Street; it’s the fourth most commonly found stock in ETF portfolios. However, the past year has been a tough time. Although that may send most investors running for the hills, it’s actually an opportunity.


Meta is a growth stock by just about any definition. The company has had solid revenue growth for years, and earnings per share (EPS) growth was impressive until the most recent earnings report. Moreover, the stock was known for tremendous price appreciation until the rug was pulled from the tech sector as inflation concerns set in earlier this year.


The declines have created an opportunity you don’t see often — a growth stock that can make value investors drool. Meta is trading with a P/E ratio of around 12, while the S&P 500’s P/E is over 19. The stock’s P/B ratio is also sitting at a five-year low.


Sure, there are a few short-term headwinds to consider, including:


Weak E-Commerce Spending . As prices rise and recession fears mount, e-commerce and consumer spending will likely fall, which could weigh on the company’s advertising revenue. Transition to the Metaverse . Meta recently changed its name from Facebook in an effort to rebrand the company as the center of all things metaverse. This transition may come with some growing pains in the near future. Economic Headwinds . Many experts are warning of a potential recession, which could eat into the company’s revenue and profitability in the short term.


Even with these headwinds, Meta offers a unique opportunity to tap into a stock that has historically outperformed the market in a big way but to do so at a steep discount to the current market value.


4. H&R Block Inc (NYSE: HRB)


Best for value investors.


Performance : HRB is up nearly 50% YTD and more than 54% over the past year. Dividend Yield : ~3%. Valuation Metrics : P/E ratio: ~5; P/B ratio: ~123; P/S ratio: ~1.4. Market Cap : ~$5.8 billion.


H&R Block is a household name, offering do-it-yourself tax services as well as full-service tax professionals. It’s also one of the most appealing value stocks on the market.


First, let’s address the elephant in the room — the 123 P/B ratio. Sure, that’s high by any standard. However, it’s inconsequential to HRB. The company has few tangible assets because it’s in the service sector.


To get a true picture of the discount the stock trades at, just look at its P/E and P/S ratios, which stand at around 5 and 1.4, respectively. That’s low for any sector. Its P/E ratio is about a quarter of that of the S&P 500.


Beyond the seriously discounted valuation, HRB stock has significant appeal in the current economic times.


All people eat, sleep, and pay taxes. Increasing interest rates and dwindling consumer spending may have a negative impact on other businesses, but people still have to file their taxes regardless of the state of the economy. HRB’s business model fares well even if a recession were to set in.


While other companies are looking for ways to cut costs headed into a recession, HRB is working on revamping its small-business product to increase profitability.


If that’s not enough for you, the company even provides a nice, thick layer of icing on the cake with a respectable 3% dividend yield.


5. ASML Holding NV (NASDAQ: ASML)


Best for banking on the microchip shortage.


Performance : ASML shares have fallen ~45% YTD and ~37% in the past year. Dividend Yield : ~1.4%. Valuation Metrics : P/E ratio: ~41; P/B ratio: ~18.5; P/S ratio: ~9. Market Cap : ~$184.28 billion.


There’s been quite a bit of interest in semiconductor manufacturers like NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) as of late. A widespread semiconductor shortage is having a profound impact on nearly every industry from automobiles to computers and even healthcare.


However, companies like NVIDIA and AMD couldn’t survive without companies like ASML Holdings, a semiconductor equipment manufacturer that makes tools for the aforementioned brands and several others.


ASML Holdings enjoys a monopoly on the extreme ultraviolet (EUV) lithography machines needed to make the tiny patterns you find on microchips. They’re not just aesthetically pleasing either. The smaller and more complex these patterns, the more data a chip is capable of processing.


These machines aren’t cheap either. ASML snags about $150 million in revenue every time it sells one, and revenue is expected to climb ahead. Even with a potential recession looming, analysts are forecasting significant growth in earnings through the rest of 2022 and 2023.


The bottom line is simple. ASML holds a global monopoly on a tool used to create an in-demand product in a global supply shortage. Its tools are used to create the microchips auto manufacturers, medical device manufacturers, and tech companies can’t seem to get enough of. Not to mention, recent declines in the stock have brought the share price to a more than reasonable valuation.


6. Exxon Mobil Corp (NYSE: XOM)


Best for combating inflation.


Performance : Exxon Mobil stock is up ~33% YTD and ~38% over the past year. Dividend Yield : ~4%. Valuation Metrics : P/E ratio: ~13; P/B ratio: ~2; P/S ratio: ~1.2. Market Cap : $357 billion.


Exxon Mobil is one of the biggest names in oil and gas, making it a great stock to combat inflation. Economists often use the price of gasoline as a first-glance gauge of inflation. When gas prices start to rise, it begins a domino effect. Shipping costs increase, which leads to higher end-consumer prices.


That’s why Exxon Mobil is one of the best stocks you can buy to combat inflation.


The company is the largest gas station chain in the U.S. As prices rise, Exxon becomes a direct beneficiary that rakes in ever-growing revenues and profits. Sure, the stock isn’t so impressive when gas prices are down, but at the moment, it’s a great play.


Exxon isn’t just a gas station chain either. The company has its fingers in all streams of the production process, from drilling crude oil to refineries to selling the end product directly to consumers.


With gas prices rising to well over $4 per gallon, the company is adding plenty of free cash flow to its balance sheet.


At the same time, XOM shares are more than fairly priced. The company’s P/E ratio is well below the average for the S&P 500 and its P/S ratio is approaching 1. Add in a yield of around 4%, and we have a winner, my friends.


7. UGI Corp (NYSE: UGI)


Best for risk-averse investors.


Performance : UGI has fallen ~15% YTD and ~16% over the last year. Dividend Yield : ~3.75% Valuation Metrics : P/E ratio: ~15; P/B ratio: ~1.4; P/S ratio: ~0.9. Market Cap : ~$8 billion.


Many investors’ stance on risk has changed since the bear market set in. If you’ve become more risk-averse and want a stable utility play with great dividends to fill the void in your portfolio, UGI is a compelling pick.


The company is a regulated natural gas and propane distributor with a history that spans well over a century. It has consistently paid dividends to investors for 138 years and raised its dividend payments for the past 35 years consecutively.


That means that even in 2001 when the dot-com bubble popped, in 2008 and 2009 when the Great Recession took hold, and in 2022 when COVID-19 reared its ugly head, UGI investors enjoyed dividend increases.


Sure, the stock price has had a painful fall over the past year, but its declines are still a meaningful beat compared to the S&P 500’s losses.


Moreover, the company’s growth metrics suggest recent declines will be short-lived. In the most recent quarter, UGI produced 34%+ revenue growth, 90%+ net income growth, 85%+ diluted earnings growth, and 42%+ net profit growth.


When you invest in UGI, you’re investing in a company that has more than a century under its belt — one that hasn’t missed a beat on paying investors dividends in all that time and has a history of outperforming the S&P 500 in bear markets.


8. Duke Energy Corp (NYSE: DUK)


Best for recession-proofing your portfolio.


Performance : DUK stock has grown ~2.75% YTD and ~6.5% over the last year. Dividend Yield : ~3.7%. Valuation Metrics : P/E ratio: ~20; P/B ratio: ~2; P/S ratio: ~3. Market Cap : ~$81.9 billion.


Duke Energy is one of the largest electric utility providers in the United States. The company serves more than 7.7 million energy customers and more than 1.6 million natural gas customers across six states.


There are three compelling reasons to consider investing in DUK in a bear market:


Consumer Habits . When the economy takes a hit, consumers spend less, but they just about always pay their utility bills. That makes DUK a great investment in a recession. History . The company has historically outperformed the S&P in the face of multiple economic hardships. Stability Over Growth . The company has seen some impressive growth in recent years but management’s core focus is on the stability of the business, making it a low volatility play.


Truth be told, there’s not much to say about Duke Energy. It’s not a sexy business, it doesn’t have a ton of growth prospects, and it’s not likely to make you rich any time soon. But what it’s not doing only serves to outline what it is doing.


Duke Energy is continuing its mission to provide its customers with quality, fairly priced services. As it does, it gives its investors stable returns, consistently paid dividends, and an easier time going to bed at night regardless of the state of the economy or broader market.


Final Word.


The stocks above are some of the best to stand behind as the declines in the market continue. Considering the state of the market, every one of them is a large-cap stock, and most follow a more reserved investment strategy.


Though these are my favorite picks for investors looking for different options, you have your own unique risk tolerance and investment goals. Never blindly invest in stock picks you read about online, not even the picks above. Do your own research and make educated investment decisions based on what you learn and how it relates to your unique situation.


Disclosure: The author currently has no positions in any stock mentioned herein but may purchase shares of Devon Energy (DVN), H&R Block (HRB), ASML Holdings (ASML), UGI Corp (UGI), and Duke Energy (DUK) within the next 72 hours. The views expressed are those of the author of the article and not necessarily those of other members of the Money Crashers team or Money Crashers as a whole. This article was written by Joshua Rodriguez, who shared his honest opinion of the companies mentioned. However, this article should not be viewed as a solicitation to purchase shares in any security and should only be used for entertainment and informational purposes. Investors should consult a financial advisor or do their own due diligence before making any investment decision.

Forex broker best 5

Tips for Finding a Great Forex Broker.


Tips to help you choose the right broker and avoid disaster.


Cory Mitchell, Chartered Market Technician, is a day trading expert with over 10 years of experience writing on investing, trading, and day trading for publications including Investopedia, Forbes, and others.


Updated on November 16, 2021.


Reviewed by.


Akhilesh Ganti is a forex trading expert and registered commodity trading advisor who has more than 20 years of experience. He is directly responsible for all trading, risk, and money management decisions made at ArctosFX LLC. He has Master of Business Administration in finance from Mississippi State University.


As if there wasn't already enough to learn when trading forex, the forex broker you choose is actually the biggest trade you'll ever make. You're giving all your trading capital to that company, with the expectation that you'll be able to trade with it and withdraw it when it's time to take your profits.


You may have great forex strategies, but if your broker runs off with your money, all your hard work and research was for nothing. Follow these five in-depth tips on how to find a great forex broker, so you end up with the right broker that meets your needs, without exposing you to any scams.


Consider Your Needs.


Busakorn Pongparnit / Getty Images.


Before looking at brokers, assess your own needs. Here are some things to consider:


Are you going to day trade a lot or a little? Trade very small moves, or capture bigger moves?


If you day trade a lot and capture small moves, consider an ECN broker. You'll pay a commission on trades but the spreads are much tighter, which matters when trading small moves. Search only for "ECN Forex Brokers."


If you don't think you'll need an ECN broker, then you still have a big pool of potential brokers left.


If you're going to do "scalp" trading, you'll need an ECN broker.


How much capital do you have? With a small amount of capital, you have to trade micro-lots. If you have over $5,000 you can start day trading mini lots. Don't open a standard lot account unless you have at least $50,000.


Choose a broker and account type (lot size) that matches your capital.


When it comes to depositing and withdrawing funds from your account, different brokers offer various methods. Choose a broker that aligns with your needs.


What the Broker Should Offer.


Now that you know what you want, and have hopefully narrowed the list of potential brokers, look for the following in the brokers you're still considering.


No "dealing desk." If you're a day trader you want to be interacting directly with the market, and not sending your order to a trading desk which then initiates it in the market. That takes too much time, and often results in "re-quotes." This is when the price has changed since you placed your order, and the broker asks you if you wish to proceed. Because of the time delay, your trade opportunity is likely gone.


Make sure your broker is regulated in a country with a well established financial system. A forex broker regulated in Cyprus, for example, is better than no regulation, but you could still have problems. Pick brokers regulated by U.S., U.K., Canadian, Japanese, New Zealand or Australian authorities, as examples.


You're a day trader, so demand competitive spreads. For example, if day trading the EUR/USD during a major session expects the spread to be close to one pip (point in percentage) with a non-ECN account. Two pips are too high; eliminate that broker as an option. With an ECN account, the spread should be half a pip or less during major sessions.


Look for a broker that's available when you need them. Open a demo account with brokers you are interested in, then send them lots of emails with questions. Monitor how fast and how thoroughly they respond. If the customer service isn't good, eliminate that broker from the list of your potentials.


Be Wary of "Losing Trader" Reviews.


Part of your research in choosing a broker should be looking at written reviews of the broker as well as discussion forums.


Be wary of these though. Unless the information comes from a credible source, and most forums are not credible sources, you're likely to find fake reviews, both positive and negative.


Most day traders will lose money, and since most traders can't admit that to themselves, they blame others when it happens to them. Just because someone complains about losing money doesn't make the broker they were using bad, even though the writer may blame the broker.


Look up what people are saying, but maintain objectivity. Lots of false information gets published with no credible reference.


Personally Test out the Broker.


Your list of potential brokers should be smaller now. But with so much false information out there, don't make a decision yet. Instead, test out the brokers you are most interested in.


First, open a demo account and take note of the trading conditions. Your orders should execute instantly. Spreads should be tight and the platform stable, not crashing all the time. If the demo works well for several weeks, then open a live account, with a fraction of the capital you intend to deposit. For example, if you have $10,000 to deposit, start by only putting in $1,000. Trade the live account with your partial deposit for at least two weeks. During this time, continue to test customer support, asking them questions and assessing how quickly they respond. Initiate a withdrawal for some of the funds in your account. Depending on your withdrawal method, this may cost you several dollars, but it's worth it to know whether withdrawals can be done easily. If everything seems good after all this, you've done your due diligence. Deposit the rest of your capital and begin trading as usual.


Avoid "Bonuses"


When you open a live account avoid any and all "bonuses" the forex broker may offer. Here's an example: "Open a $1,000 account and get $100 in bonus cash!"


Nothing really comes for free. If you accept a bonus it may interfere with withdrawals, because some of the money in your account is now the broker's money. Send an email with your account application that explicitly states you don't want to take part in any bonuses that they have on offer.

Forex broker best 4

The 6 Best Forex Brokers: Reviewed, Ranked, and Compared.


If you want to participate in the foreign exchange market—the most dynamic, heavily traded market in the world—you’ll need a broker.


On the surface, all forex brokers may look about the same, but there can be drastic differences in trading costs, trading execution, reliability, and your overall trading experience. These differences could determine whether you become a successful forex trader or suffer significant trading losses.


Trading forex can be extremely profitable. It is also inherently risky. Don’t increase your risk by choosing the wrong broker.


I’ve carefully analyzed dozens of forex broker options and reviewed, ranked, and compared them so that you can choose the best forex broker to help successfully launch your forex trading career.


Table of Contents.


Review Summary.


This chart summarizes and compares the account details of the world’s best forex brokers. Extended reviews are located below.


Best Regulated Global Forex Broker Best Regulated Forex Broker (US) Best Regulated Broker for Beginners Best Offshore Forex Broker Firm FxPro IG AvaTrade N1CM Initial Deposit Requirement $100 $0 $100 $5 Tradable Assets 70 currency pairs, CFDs, crypto, stocks, commodities, indices, futures US: 80+ currency pairs Non-US: Forex + CFDS, crypto, stocks, commodities, indices 55 currency pairs, CFDs, crypto, stocks, commodities,indices 50+ currency pairs, commodities, stocks, indices Regulation & Reputation A A+ A C+ Promotion 25% account bonus Offers Swap-Free Accounts Yes No Yes No Accepts US Clients No Yes No Yes My Overall Score 9.2/10 9.4/10 9.0/10 8.4/10.


My Top Pick: IG – 9.4/10 (Best Regulated Forex Broker – US)


IG sets the gold standard for regulated forex brokers. They’re regulated in the UK, US, EU, Australia, and elsewhere. They have nearly 300,000 global clients and have been in operation since 1974. You won’t find a more trustworthy forex broker.


Pros.


You could probably argue that there’s no more heavily regulated business in the world than IG. In addition to maintaining compliance with financial regulators from numerous countries and jurisdictions, IG Group is also a publicly traded company. This makes them as transparent and trustworthy as it gets.


Although most traders probably choose IG for peace of mind and security, there are plenty of other advantages as well. IG has won widespread acclaim, including being named the best all-around forex broker (Investopedia), the best mobile trading platform (Investment Trends FX Report), and the best customer service (Investment Trends).


Trading costs are also minimal at IG. For example, spreads on EUR/USD start at .8 pips and average about 1 pip. Of course, spreads are always changing as the market moves, but just through my own observations, IG’s spreads are typically lower than its competition in the US for the major currency pairs.


IG also excels at trader education. Beginning traders can choose from ample educational resources that focus on the basics. Programs vary by country, but US traders have access to over six hours of online courses that cover all the trading fundamentals. Seasoned forex traders can take advantage of live webinars, usually one or two a day, that discuss current market conditions and offer continuing education.


Although I wish IG offered MT5, their own proprietary trading platform is good, particularly the mobile version. In addition to being named best mobile trading platform by Investment Trends, the IG forex trading app has a 4.7/5 rating in the Apple App Store, with more than 4,000 reviews.


For a broker with as good a reputation as IG, it goes without saying that the trade execution is stellar, and few brokers can match the number of currency pairs available. US forex traders have more than 80 currency pairs at their disposal. European traders can access more than 18,000 markets through CFDs and spread bets and can also invest in ETFs and shares.


Finally, the customer service department, often an afterthought at some forex brokerages, is also worldclass, with 24-hour assistance available five days a week in most countries.


Cons.


There are so many forex brokers out there that it can be easy to find some that beat IG by a few pipettes on spreads. Unregulated brokers, in particular, often offer cheaper spreads. Yes, every pip counts in forex, but unregulated brokers don’t provide anywhere close to the same level of security. You get what you pay for, basically.


There are other downsides to being regulated beyond slightly higher prices. For example, thanks to IG’s adherence to anti-money laundering laws and KYC (Know Your Client) guidelines, you might have to submit more paperwork than you would at other brokers.


Although most identity verifications are almost instantaneous, you might be looking at a longer sign-up process should something be slightly amiss with your paperwork.


Overall.


If reliability and safety are your priorities when choosing a forex broker, you should choose IG. If you also want tight spreads, tons of currency pairs, great education, and 24-hour trader support, you should still choose IG.


My Second Pick: FxPro – 9.2/10 (Best Regulated Forex Broker – Global)


FxPro ranks with IG as one of the safest forex brokers in the world. They currently don’t offer their services in the US, but are available to traders pretty much anywhere else. FxPro has won numerous awards for its overall performance, lightning quick trade execution, and trading platforms and tools.


Pros.


FxPro was founded in 2006 and has evolved into a world class broker. Over the years they’ve executed nearly a half billion trades and currently handle up to 7,000 trades per second.


They can execute so many trades because FxPro is peerless when it comes to execution speed. According to their own records, most trades are completed in less than 14 milliseconds. That means an infinitesimal amount of slippage, and it’s one of the main reasons that FxPro traders are exceedingly loyal.


This loyalty is also driven by the quality and variety of FxPro’s charting and analysis tools and the fact that they offer the best forex trading platforms. FxPro’s proprietary trading platform is excellent, or traders can choose MT4, MT5 or cTrader. Integrate your platform of choice with FxPro’s analytic tools, trade calculators, and informational resources and you’ll be as informed as any forex trader in the market.


In addition to more than 70 currency pairs, FxPro offers traders access to commodities such as gold, cryptocurrency, indices, and shares. What they may be most known for, however, are their CFD offerings on all of the aforementioned assets plus energy. CFDs are very popular despite the risk, and I should note that FxPro discloses that more than 84% of its traders lose money on CFD trading.


FxPro is also excellent for beginners because they offer Negative Balance Protection for all clients. This guarantees that you never lose more than the funds you have in your account. This is important if you’re trading CFDs or taking advantage of FxPro’s 200:1 leverage. Whenever leverage is involved, it’s easy for traders to lose more—sometimes substantially more—than what they deposited. FxPro makes sure this never happens.


Customer service is also one of FxPro’s many strengths. They are available 24/5 and can be reached via live chat, email, or phone (for any fellow old-schoolers out there). Impressively, FxPro offers trader support in 17 different languages.


Cons.


FxPro offers 70 currency pairs, which is a few less than IG. So if you are into trading exotic pairs, double check to make sure FXPro trades your currencies of choice.


If you are married to cTrader as your trading platform, know that FXPro charges commissions on certain trades when using that platform. Users of cTrader should check if their financial instruments of choice come with that additional fee. If you use MT4 or any of the other trading platforms, your trades are commission free.


It’s a shame that FxPro has not yet expanded its services to the US. Certainly the fact that CFDs are not permitted in the US has a lot to do with this. CFDs are a big part of FxPro’s business, so without them expansion to the US probably doesn’t make sense.


The educational resources at FxPro are good, but not quite as comprehensive as what is offered by IG. FxPro has a wealth of information on “interactive cards,” but doesn’t offer as many videos or webinars, which I prefer.


Overall.


If you live in one of the 170 countries in which FxPro operates, you are in luck. Sign up with FxPro for competitive spreads, great trading tools and resources, and impossibly fast trade execution.


#3: AvaTrade – 9.0/10 (Best Forex Broker for Beginners)


AvaTrade is another excellent, extremely safe broker that is available to traders in most countries other than the US. They’ve been around forever and are renowned for their customer service and groundbreaking approach to automated trading.


Pros.


AvaTrade was a pioneer among early online brokers and was one of the first to offer retail traders access to forex markets. Since then they’ve continued to innovate, perfecting new trading platforms, including AvaTradeGo, their mobile app, and the AvaSocial App, a cutting edge automated trading app.


These proprietary trading apps are offered alongside other trading platforms, including MT4 and MT5. AvaTrade also gives traders a lot of options in terms of tradable assets with more than 1,000 to choose from. If you want to do more than trade forex, crypto, stocks, commodities and indices are also accessible, usually with CFDs.


AvaTrade claims to offer a “customer first” approach to their business, but unlike other brokers, they can back that claim up. For one, they have more than 300,000 registered traders, which pretty much speaks for itself, and two, they have made sizable investments in programs designed to keep their traders happy and informed.


One of their most visible investments has been in their trader education program. They have uploaded literally thousands of videos to their YouTube channel. These videos cover everything from tutorials on how to use various trading platforms to weekly trading plans, to informative, hour-long webinars designed for novice traders.


In addition, AvaTrade offers e-books and tutorials on their site. The breadth of their educational resources makes them the ideal online forex broker for beginners.


AvaTrade has also invested a great deal into their customer service department, and the results are very clear. Traders rave about the response times and knowledge of the trader support staff.


For what it’s worth, according to each broker’s disclosures, those who trade CFDs with AvaTrade seem to fare better than those that use FxPro. According to their websites, 84% of FxPro retail investor accounts lose money on CFDs compared to 71% of AvaTrade traders. There could be any number of reasons for this discrepancy and we may not be comparing apples to apples, but it is a significant enough difference that it bears mentioning.


Like the FxPro and IG, AvaTrade is as safe as it gets. They are regulated in the EU, Japan, Australia, South Africa, UAE, and the British Virgin Islands. AvaTrade is also reportedly planning an IPO on the London Stock Exchange, which would further increase the firm’s transparency.


Cons.


Although their educational resources are outstanding, I don’t think AvaTrade’s charting and analysis tools live up to what is offered by FxPro. That’s a matter of personal opinion, of course, and many traders would probably disagree.


Historically, AvaTrades has been known as a fairly pricey broker, but a recent announcement that they were cutting trading costs seems to be making a difference. I’ve arbitrarily checked spreads on major currency pairs and found them to be in line with, if not a little bit cheaper than, other regulated brokers. Whether or not they keep the lower price points remains to be seen.


AvaTrade also offers the least amount of currency pairs of my top 6. By my count they offer 55 pairs, which is obviously still a lot, but less than other forex brokers of their caliber. They offer a lot of other tradable assets in other financial markets, but if you’re focused solely on forex and you like exotic pairs, you might be out of luck.


Overall.


I love AvaTrade for their ingenuity, commitment to their traders, and educational resources. They are regulated in multiple jurisdictions and a great choice to start your forex trading career.


#4 N1CM 8.4/10 (Best Offshore Unregulated Forex Broker)


“Unregulated” brokers always present significant risks, but they also offer certain advantages over their regulated competition. Among all the unregulated offshore forex brokers out there, I believe N1CM to be the most trustworthy and reliable.


Pros.


N1CM is categorized as an unregulated or offshore broker because they are registered in Vanuatu. Since the vast majority of N1CM’s traders are from countries other than Vanuatu (population 307,000), N1CM is unregulated in most of their traders’ jurisdictions. However, the Vanuatu Financial Services Commission does regulate its broker to a certain degree, so technically N1CM is a regulated broker. If that’s too much mental gymnastics for you, I suggest you go with one of the regulated brokers listed above that are subject to far stricter oversight.


Why did I include that last paragraph in the pros section? I’m trying to reach those of you who might just read the pros and skip over the cons. Offshore brokers definitely pose significantly more risk than their regulated competition.


There are, however, advantages to using offshore brokers. One advantage is that offshore brokers have the freedom to offer more promotions and deposit incentives. N1CM, for example, is currently offering a 25% account bonus. Certain restrictions apply, of course, but N1CM will put an extra 25% of your initial deposit into your account. That’s a pretty outstanding welcome.


Another reason forex and CFD traders choose to go the offshore route is the enormous leverage. N1CM offers 1000:1 in all of its accounts. That’s significantly more than you’ll get at any of the regulated brokers. N1CM also permits the trading of CFDs for all its clients, even those that live in countries like the US, where CFDs are more or less prohibited.


Thanks to the relatively cheap costs of registration in Vanuatu, N1CM can afford to offer really tight spreads and most accounts are commission free. If you are a high-frequency trader and your only priority is cheap trading costs, N1CM is your broker.


N1CM also breaks away from the typical regulated broker by offering some unique account options. A Cent account is for those who want to deposit less than $1,000 to start and don’t make frequent trades, while a Pro account is for those who take on larger positions and expect trade execution within .5 seconds.


The sign-up process with N1CM is a bit easier than with a regulated broker. Although they follow the same Anti-Money Laundering protocols as regulated brokers, N1CM seems to have streamlined the process.


Cons.


N1CM is an offshore brokerage. Vanuatu is in the middle of the South Pacific, which is about as offshore as you can get. This means there’s no deposit protection, no enforcement of capital reserves, not a lot of risk disclosure, and very little transparency. Yes, I feel these risks are mitigated with N1CM, but they are still risks that are not to be taken lightly.


If you use MT4 or MT5, you won’t be disappointed, but if you prefer other trading platforms you are out of luck. N1CM does not have its own trading platform nor does it offer cTrader or any others.


N1CM also offers fewer options when it comes to tradable assets. For an offshore broker they have quite a few options, but they come up short when compared to the best forex brokers above. N1CM offers 52 currency pairs, which isn’t bad, and a number of indices, but only a limited number of other assets.


If you’re new to forex trading, you won’t find a whole lot of educational resources at N1CM. Yes, you can find plenty of forex educational services elsewhere, but I think a broker should bear some of that responsibility.


Overall.


I vastly prefer the security of regulated brokers. However, if offshore brokers are the only option for you or if you value tighter spreads and sign-up bonuses over account security, N1CM is your safest bet.


#5 Forex.com 8.2/10.


Forex.com has a few flaws but deserves a spot amongst the best forex brokers due to its trustworthiness, trading tools, and transparency.


Pros.


Forex.com claims to be the #1 forex broker in the US, although their methodology backing up this claim is a little dubious. They awarded themselves the top spot based on the amount of client assets (per the CFTC). I’m not sure that’s the right metric to claim the #1 spot, but it does mean they are a trusted broker with a lot of assets.


Further underscoring their trustworthiness, Forex.com has been around since 2001 and is regulated by the NFA and CFTC in the US, in addition to six other regulatory agencies. Forex.com is also a subsidiary of StoneX Group, which is traded on NASDAQ, meaning they are transparent as well as well regulated.


They also offer more currency pairs than anyone, but I’m most impressed with their innovation in the pricing department. Through flexible payment plans, you can choose a cost structure that best suits your personal trading style. They also offer a unique active trader program that issues rebates on every trade you make. High-frequency traders saved around 15% with the rebate program.


Forex.com also features a really nice suite of advanced trading tools including advanced charting, performance analytics, and “SMART Signals,” a trading algorithm that provides real-time trading ideas by searching for more than 800 price movement patterns.


The Forex.com trading platform holds its own, and you can also choose to use MT4 or NinjaTrader. I know a few forex traders who are fiercely loyal to NinjaTrader, and Forex.com is the only forex broker that made my list to offer it.


If you are new to the world of currency trading, Forex.com offers invaluable education resources. Their two-hour live webinar courses are an excellent introduction to trading forex.


Cons.


And now the bad news: Forex.com has issues when it comes to processing withdrawals. Most traders don’t have problems, but the ones that do seem to have persistent issues that aren’t quickly resolved.


I don’t think there’s anything devious about these delays. Forex.com is just following to comply with Anti-Money Laundering laws. The trouble is, they are not very efficient at following these protocols and once something goes awry, they can take weeks to get everything back on track. And while Forex.com is certainly not trying to abscond with anyone’s money, their intent really doesn’t matter if you are the trader facing significant withdrawal delays.


The withdrawal issues speak to the one general problem that pushes Forex.com down my rankings—poor customer service. For a lot of traders, this will never be an issue. Forex.com runs a pretty smooth ship and you may never need help from the support desk.


But poor trader support darkens everything Forex.com does. A good example is the rollout of the new trading app. I like the app itself, but when traders had issues adapting, customer support wasn’t as responsive as they should have been, and despite the app’s improvements, many traders were left frustrated.


Overall.


Despite the inefficient withdrawal process and customer support issues, Forex.com is a premier broker that offers the most currency pairs, flexible pricing options, and an active trader rebate program that makes this a good time to sign up.


#6 Capital.com 8.1/10.


Capital.com is another great forex and CFD broker that does not accept US clients. That’s a shame for my American readers, as Capital.com is a secure broker with an incredible range of tradable assets, innovative trading tools, and a great track record.


Pros.


Capital.com has half a million registered traders despite being locked out of the US, one of the largest forex trading markets. They are certainly doing something right!


No doubt a lot of these traders are attracted to Capital.com’s sheer breadth of asset offerings. You can currently trade more than 6,000 different assets including crypto, commodities, shares, and yes, currency pairs. In fact, last time I checked I counted more than 130 forex trading options. If you love trading exotic currency pairs, Capital.com is your best option.


Other key selling points are Capital.com’s low trading costs and excellent execution speeds. They don’t charge commissions and their spreads on major currency pairs are some of the tightest I’ve seen from regulated brokers this year. Speedwise, they’re among the world’s fastest online brokers.


Traders with Capital.com are also given access to their “patented AI trade bias detection system.” I think that’s just a really cool, modern way to say they can automatically analyze your trades. I like the idea of a robot checking over my trades and offering opinions.


The technological innovations don’t stop with analytic robots, either. Capital.com also offers an award-winning trading app centered around CFDs. The app issues price alerts, has in-app educational resources, and enough charting and analytical tools to keep you on the top of your game, even if you’re trading from your phone rather than from your computer.


Cons.


Although it doesn’t seem quite as bad, Capital.com also occasionally struggles with inefficient withdrawals. Once again the main culprit seems to be the AML laws, but almost all the brokers on this list face the same compliance issues and manage to do so without alienating affected traders.


Again, I think this is symptomatic of a broader issue with customer service, which can affect a broker’s entire operation.


For such a prominent broker, I’m a little disappointed in Capital.com’s educational offerings. They offer a comprehensive glossary, which can be a good reference for newcomers to the forex market, but their video series leaves something to be desired. For instance, their introduction to forex trading is a mere four minutes.


Capital.com’s available trading platform options are also pretty underwhelming. If you don’t care for their own platform, your only other option is MT4. If you’ve grown comfortable with MT5 or any other platform, you’re out of luck.


Capital.com is regulated in both Cyprus and the UK, meaning it’s trustworthy, but they’ve only been in business since 2022, so while they have an ample track record, they don’t have nearly the longevity of their peers.


Overall.


Capital.com is a worldclass broker with a few occasional flaws but an incredible array of currency pairs and very low trading costs. They’re the ideal broker for European and Asian residents who want to sign up with an outstanding broker.


Methodology.


Choosing the right forex broker is a big step towards becoming a profitable forex trader.


I put a tremendous amount of work into my annual broker rankings and comparison, and I hope this article has helped you make that critical decision.


If you’d like to dig even deeper, or if you’d like to analyze a forex broker that didn’t make my list, I want to show you how I reached my conclusions.


Although new forex brokers always seem to be appearing on the scene, I started my analysis by compiling a list of brokers who had a proven track record.


From there, I ranked each forex broker according to the following eight factors and awarded points on a scale of 1 to 10. Although you could argue that some of the factors are more important than others, I gave them all the same weight to make my rankings because different factors are going to be more important to different traders.


Here’s my list of factors, listed in no particular order:


Factor 1: Trading costs.


The success of many forex trades hinges on very small price movements. Excessive commissions and large spreads can eat up your small profit margins and turn successful trades into net losses. Over the long term, trading costs can have a significant bearing on your overall profitability.


Forex brokers make their money through commissions and/or spreads. Commissions are straightforward and easy to assess, but you also have to factor in spreads. Spreads are the difference between the bid and ask prices, and the forex broker will pocket that difference. The wider the spread, the more money ends up in the broker’s pocket than yours.


Factor 2: Trading execution.


Trading execution can be critical, especially when markets are moving very fast. If a broker takes too long to place a market order you’ve made, you may end up with a completely different price point. This is known as slippage—when the price you pay is different from the set price in your order. The better the broker, the less slippage.


Many brokers disclose their average execution speed and it is a useful metric. The forex market moves so quickly that a good broker executes trades within a tenth of a second.


Factor 3: Trading tools and platform.


Some brokers offer their own trading platforms and many offer industry standard platforms, such as MT4 or MT5. The key is to find a trading platform that provides you with all the information you need and is intuitive enough that you can quickly pull the trigger on a trade.


There’s also a small aesthetic element. You might find yourself staring at this screen for hours at a time, so it should be efficiently layed out and somewhat pleasing to look at. It’s also important that your broker provides a platform with the charting and analysis tools that you plan on using.


Most forex brokers also offer mobile platforms for tablets and phones, so if you don’t plan to be at your desk all day, you can still make trades or respond to dramatic events in the market.


I gave out points in this category based on the number of trading-platform options each broker offered and the quality of those offerings.


Factor 4: Ease of withdrawal.


This shouldn’t be a factor, but it is. Theoretically, you should be able to withdraw your deposit plus any profits without any complications or delays, but it isn’t always so simple. Less-than-reputable brokers may ask for a fee or invent some sort of delay to prevent you from withdrawing. This is a huge red flag. If there is any sign of trouble regarding withdrawing your money, find another broker as soon as you can.


I included ease of withdrawal in my analysis to eliminate bad brokers. Every forex broker in my top six got a 10/10 in this category, otherwise they wouldn’t deserve to be on any best forex broker list.


Factor 5: Regulation and reputation.


This is obviously a huge factor, and all of my best forex brokers listed above scored very highly in this category. I am amazed, however, how many traders open up accounts with brokers that are loosely regulated and have terrible online reputations. You can’t believe everything you read on the internet, of course, but where there’s smoke there’s usually fire.


I prefer regulated brokers, for the reasons I listed here. Using a regulated broker also just saves time. I don’t have to do significant detective work to determine the security of a broker if a regulatory body like the CFTC (Commodity Futures Trading Commission) has essentially done it for me.


For some forex traders, unregulated brokers are either the preferable or only option, so I also included the most trustworthy unregulated broker I could find on this list.


Factor 6: Tradable assets.


Not every broker offers the same currency pairs or tradable assets. All forex brokers offer the major currency pairs, of course, but some offer a limited number of exotic pairs. Considering that there’s more than $6 trillion traded in the forex market every day, even the most scarcely traded currency pairs are pretty liquid these days. A good broker will give its traders access to as many pairs as possible.


Many forex brokers also offer a number of other assets, such as equities, indices, crypto, and more. But for the sake of this analysis, I only scored the brokers on forex-related trading. If you plan to trade other markets with the same broker, you might score this category a little differently.


Factor 7: Resources and education.


We live in an incredible age where there’s a wealth of information about any given subject at our fingertips. Google “forex trading for beginners” and there’s 133 million results. So your broker doesn’t necessarily need to be your source of forex education—you have 129,999,999 other options.


However, a broker can be a very valuable resource, particularly in regards to topics specific to their trading platform or charting software. Your forex broker can also keep you up to date with strategies based on current market conditions, and the best forex brokers employ market analysts that can alert you to trading opportunities you otherwise would have overlooked.


Trading forex is a pretty solitary profession, but a really good broker offers you enough support and resources that you’ll feel like part of a team.


Factor 8: Customer service.


A lot of traders ignore this category, but it can be critically important if you run into technical problems and can’t unwind a position or execute a trade. A customer service department that responds quickly and accurately can make a massive difference.


Live customer support is a must in a market that moves as fast as the forex market. If you encounter a problem, you need assistance instantly, not in three to four hours.


The quality of a forex broker’s customer service is also a good proxy for how much they value their traders. The best forex brokers invest in their customer service department because they want what’s best for their clients.


Risks of Forex Trading, Leverage, and CFDs.


I want to take a quick moment to remind everyone reading this article of the substantial risks associated with currency trading. Those risks are magnified by taking on leveraged positions or using leveraged financial instruments such as CFDs. Any time leverage is involved, you can lose more than your initial deposit. Do not trade any of these instruments unless you fully understand the risk involved.


Best Forex Brokers Conclusion.


The best forex broker for you depends on a lot of factors such as where you live, what you trade, and how you trade. It’s a decision only you can make, but after studying and trading the forex market for years, I can confidently say that you can’t go wrong with any of the brokers above. These are the best of the best.


The best of the “best of the best” is clearly IG, particularly in the US where your forex broker options are limited. If you value account security, tight spreads, great educational resources and a great variety of currency pairs, start trading with IG today.