With all the variety of Forex brokers, it doesn’t look that difficult to make the right choice. But it is not like that. Every broker has a specific range of features that make it attractive for a particular trader and investor. While checking some of the best online brokers, you will learn their features. With this information in mind, you will choose the most suitable option.
FxPro
FxPro is the online broker that provides customers with numerous currencies, stocks, and indices to be traded in a single Forex account. To create a pleasurable online experience for online users, FxPro allows you to make deposits and withdrawals in a fast and easy way. Thus, there are well-reputable payment methods such as credit/debit cards, UnionPay, Neteller, PayPal, and Skrill to be sued for financial operations. Even if you are a beginner, you can open a demo account to get some practical skills in a trading sector. When you feel like starting a “big” game, you will benefit from missing commissions, tight spreads, and numerous mobile, web-based, and desktop trading platforms such as FxPro Edge, cTrader, MetaTrader 5, and MetaTrader 4. Customers’ financial resources are kept on segregated accounts at the world’s most reliable banks. And they remain a subject to the insurance coverage in the amount of €20 000. If you want to ask some questions about this online broker, don’t hesitate to contact its multi-lingual customer support that operates five days a week.
Pros:
- Variety of assets including futures, precious metals, and CFD-contracts;
- Availability of MetaTrader 4, MetaTrader 5 and cTrader platforms;
- STP/ECN mechanisms;
- Multilingual technical support provided in an online format;
- Mobile trading options;
- Availability of VPS-server service;
- Participation in partner programs.
RoboForex
RoboForex is the European broker administered by the CySEC and the IFSC, which has gained the trust of the numerous traders and investors. The company follows the STP-model that is based on mixed scheme transactions. RoboForex offers multiple trading tools such as Forex, Stocks, Indices, ETFs, Commodities, Energies, Metals and Cryptocurrencies. Thanks to ECN and STP trading accounts, this online broker can support different payment methods. Currently, this broker is busy with expanding its operations in almost 170 countries across the world.
Pros:
- Short spreads starting from 0 pips;
- Micro profiles with the minimal 0.01 lot size;
- Numerous trading resources such as MT5, cTrader and R Trader;
- Multiple campaigns and bonuses;
- Security and insurance policies covering customers’ deposits.
IG Group
IG is an online broker covering 16,000 markets with various CFDs and currencies. As a result, IG has become a leading forex provider with affordable fees, excellent educational material, and numerous assets. There is a minimum of 0.6 pips for EUR/USD trading, which is considerably low compared to the industry’s average indicator of 70 pips. If you want to make some inquiries, you can always reach their customer support representatives via phone, live chat, email, and social media. Generally, IG is a great solution for both beginner traders and experienced investors.
Pros:
- Easily-navigated web-trading platform;
- High safety measures determined by the FCA in the UK.
- Low spreads for popular forex pairs;
- Coverage of more than 16,000 markets.
Tickmill
TickMill is an online broker encouraging new customers to open a Welcome Trading Account and enjoy a $30 Free Welcome Bonus for trading. The maximum reward can be estimated at $100! The newly registered traders and investors have to open a Welcome Account at the TickMill’s website to apply for this campaign. Also, they need to open a Live MT4 Trading account and make a $100 deposit. The account registration process is fast, easy, and completely digital. You can benefit from a bunch of options for deposit or withdrawal making. Moreover, Tickmill has a limited product description as it provides only Forex and CFDs. Trading platforms provided by MetaTrader feature modern design and simple navigation. Thus, your trading experience won’t disappoint you because you will be able to keep everything under control.
Pros:
- Low service fees;
- Modern design of available platforms;
- Simple navigation;
- Attractive promotion policies;
- Fast and easy registration procedure;
- Free deposit and withdrawal operations.
The Bottom Line
Finding the right broker can be a challenging task. If you make things right, you will enjoy the benefits for a long time. Now that you know some decent representatives of the trading market, you will join one of them for long-term cooperation. At least, you can consider those options for making the final choice.