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  • - TOP 10 - Forex CFDs Brokers

    A broker is a company that allows traders to speculate on various assets on their platform, and in return receive a commission for a spread. From the hundreds of Forex brokers that you will find online, we chose only the best. Recently arrived CFD brokers often exaggerate their capital statistics and volume of transactions, so it is better to trade with those brokers who have long been on the market and have experience in this industry. The higher the capitalization, the more reliable the broker is, as high capitalization guarantees the reliability of services from liquidity providers. Traders can trade safely and securely. Everyone who trades CFDs should be aware that he is using a highly speculative trading instrument that can bring not only huge profits, but also losses.

    Nowadays, many CFDs brokers offer quality services, but it is sometimes difficult for traders to decide which one to choose, so we have published only the best with their pros and cons. The first thing you should pay attention to is the regulatory bodies that the broker deserves. Next, you need to select the criteria for your trading: Trading costs, spreads, leverage, platform, as well as deposit and withdrawal of funds, because your future income will depend on your choice. Below you find the best broker by type DD/NDD/ECN/STP/DMA and choose the one that best suits your trading needs.

    Which Forex Broker Is The Best?

    ...Ava is a global company with offices in Paris, Dublin, Milan, Tokyo, Sydney, New York and is regulated by the Central Bank of Ireland and other local institutions around the world. Avatrade was previously known as Ava Fx.

    AvaTrade have their own proprietary platform and also a vast array of platform variations including their own social trading platform, possibility to connect ZuluTrade, web based platform also for Macs and mobile platforms. Company provides four trading instruments and investment products, including retail trading in the Forex market, CFDs, options and cryptocurrencies.
    Overall Rating
    Full list of Forex, CFDs, Crypto
    24/7 cryptocurrency trading
    A lot of educational material
    Fixed spreads
    24h customer support
    Exclusive market news and analysis
    Demo account limited to 21 days
    No scalping allowed
    Not available for USA traders
    Inactivity fee on stagnant accounts
    Slow withdrawal of funds
    Occasional stability issues
    Broker Check
    ...CityIndex is a leading Forex, CFD and Spread Betting broker, providing professional trading services to retail and small institutional clients around the world. CityIndex is part of GAIN Capital and is regulated by the Financial Conduct Authority (FCA). In the United States, the broker is regulated by the National Futures Association (NFA). The company has offices in London, Dubai, Sydney, Shanghai, Hong Kong and Singapore, among several other areas.

    CityIndex helps traders grow, giving them the tools they need to improve their trading skills. They provide services at fair and transparent prices, and provide the best customer support as well as extensive educational resources and market news.
    Overall Rating
    High quality research tools
    Winner of numerous awards
    Tight spreads & low margins
    Fast execution speed
    Segregated client bank accounts
    Access to more than 12,000 markets
    Limited payment options
    No Swap free accounts
    Broker does not provide bonuses
    Inactivity fee after 12 months
    No social platform and copying
    Metatrader 5 not yet available
    Broker Check is managed and maintained by GAIN Capital Group, one of the largest companies in the Forex market. The Broker offers many options for Forex and CFD traders through its affiliates, registered all over the world. Thanks to its full-featured platforms, a variety of trading tools and comprehensive research, this broker is suitable for traders with any level of experience.

    The services of GAIN Capital are in great demand among many large investors, professional dealers, financial managers, consultants and experienced traders from more than 140 countries. GAIN Capital Group offers private investors access to a trading terminal, which is recognized as one of the best on the market in combination with professional services on
    Overall Rating
    World Forex market leader
    Fast execution of orders
    Access to a huge range of assets
    Security of information and cash
    Great and reliable customer support
    Narrow spreads and low commissions
    Lengthy registration process
    Limited account types
    Demo account is available for 30 days
    Absence of social trading features
    Delays in the withdrawal of funds
    Limited set of trading instruments
    Broker Check
    ...Plus500 is one of the biggest names in CFD trading. CFDs, including 50+ Forex CFDs, are the only products that Plus500 offers. With customer service available 24/7 and a full web-based platform, this is a good provider for those starting out who want to keep it simple. The company now has more than 400,000 active customers and a $1.7 trillion trading volume.

    The company operates through several regulated subsidiaries, including in the UK, Cyprus, Singapore, Australia, and Bulgaria. Interestingly, Plus500 is listed on the London Stock Exchange, which suggests that the broker is transparent.
    Overall Rating
    Well regulated broker
    No commission
    User-friendly trading platform
    Platform desktop, web and mobile
    Wide range of currency pairs
    Less resources for new traders
    No telephone customer support
    Platform limited to regulated jurisdictions
    Limited product portfolio, only CFDs
    Absence of social trading features
    Broker Check
    ...Saxo Bank is a Danish financial services company in the European and Asian stock markets. The company is regulated by the Regulatory Danish Financial Supervision Authority (DFSA) and also adheres to the European Directive on Financial Instrument Markets (MiFID).

    Among clients there are hundreds of traders from around the world - the geography of distribution of company services reaches 100 countries. Saxo is headquartered in Copenhagen, with 12 branches in the world's megacities. An important achievement of Saxo Bank is a system of stable business partnerships under various programs.
    Overall Rating
    Global regulatory licenses
    Wide variety of trading assets
    Professional work platform
    Availability of investment service
    Award-winning brokerage
    High inactivity fees
    High cost of trading accounts
    Limited payment methods
    No bonuses or promotions
    Delay in withdrawing funds
    Broker Check
    ...eToro is the worlds leading social trading platform that gives you the option to invest in stocks, cryptocurrencies, ETFs, currencies, commodities, and indices. It features a huge set of tools (over 1,000), a social trade service, crypto trade, greater age (over 10 years) and regulation by European watchdog bodies. It has mandatory verification and a relatively high entry threshold.

    The trading platform provides an innovative interface and its features are displayed according to each trader's experience. Its wide range of features includes an easy to use user interface, instruction manuals, research tools and an online community of over 4.5 million traders.
    Overall Rating
    Global regulatory licenses
    Availability of training area
    Ability to interact with other traders
    Ability to copy other traders
    Wide range of markets
    Low minimum deposit limits
    High fees for any cash transactions
    No scalping allowed
    No support MetaTrader
    Limited cryptocurrency options
    No phone customer service available
    Spreads are higher than average
    Broker Check
    ...OANDA offers trading services to customers on a wide range of financial instruments: CFDs, Forex, Commodities, Bonds, and Metals. Today OANDA is very popular among the FOREX market participants. The company is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).

    Due to this, as well as a well-deserved reputation for over 20 years, the OANDA broker is very popular among traders around the world. Currently, a forex broker performs over a million transactions per day. It is estimated that around 20 percent of all online Forex transactions go through OANDA's servers.
    Overall Rating
    Highly regulated and secure broker
    High quality execution of transactions
    Multiple trading platforms
    Negative balance protection
    Open and transparent pricing
    Useful research and education resources
    Slower phone support
    Does not offer promotions or incentives
    Few cryptocurrency tools
    Less competitive spreads
    Few ways to enter and withdraw funds
    The site is not very user-friendly
    Broker Check
    ...Tickmill is a Forex and CFD trading provider offering the best trading conditions for trading. Today, the broker is actively developing as a high-tech ECN broker, providing the entire range of services for online trading in the international foreign exchange market. The broker offers its customers low spreads, fast execution of orders and guarantees complete transparency of relationships with traders.

    The Group of specialists has experience in the field of trade since 1994 and is actively involved in the financial markets and also holds licenses for financial services in the UK (FCA), Cyprus (CySEC), South Africa (FSCA) and operates an offshore entity in Seychelles.
    Overall Rating
    Professional customer support
    Spreads starting at 0 pips
    Low commission trading fees
    Possible automated trading
    No requotes and high liquidity
    Limited platform options
    No CFDs on individual stocks
    No cryptocurrency trading
    MetaTrader 5 not available
    Does not accept US traders
    Broker Check
    ...London Capital Group (LCG) is a well-capitalized, multi-asset and financial trading brokerage company with a unique structure. LCG offers online financial trading and investment services, such as forex, stocks, commodities, metals, oil, and spread betting. Licensed and regulated by the Financial Conduct Authority (FCA) and registered on the London Stock Exchange (LSE).

    LCG is a multinational brand which is used by a decentralized international branch network of companies providing corporate and institutional services around the world. The broker claims to offer instant and reliable order execution and guarantees no requotes to its customers.
    Overall Rating
    Competitive trading condition
    Unique research, tools and analysis
    Fast execution of orders
    Multilingual customer support
    User-friendly trading platforms
    Not available for USA traders
    ECN accounts $10,000 minimum deposit
    Does not support social trading
    Payment methods are limited
    Customer support is not available 24/7
    Broker Check
    ...Dukascopy is an EU-registered investment brokerage whose main office is in Switzerland and which is 100% owned by Swiss Forex bank Dukascopy Bank SA. Gives customers direct access to the planet's liquid markets.

    Together, the Dukascopy can be considered one of the largest companies in the market, which has made a name for itself by providing Forex broker services, and now still expands the arsenal for its clients through binary options.
    Overall Rating
    Trading system «Swiss FX Marketplace»
    Narrow spreads from 0.1 pips
    Instant performance of orders
    Over 500 CFD markets
    Access to professional analysis and news
    Deposit insurance up to 100,000 CHF
    All services are focused on professionals
    For some customers difficult verification
    Complex structure of the official site
    Higher than average fees
    Not available for USA traders
    Payment methods are limited
    Broker Check

    The Forex trading market is the busiest market in the world considering its capacity to generate as much as $4 trillion each day. Because of the great liquidity of the Forex market, investors and businessmen continue to engage in the currency trading as they meet their objective of gaining good profit. Participation in the Forex market requires help in choosing a Forex broker. This is because the Forex market has no central place that is why traders must acquire a reliable Forex broker in order for investors to be in the right track. Knowing how competitive the Forex market is, finding a quality broker is essential. Below are tips on selecting the best broker.

    1. Forex Broker Must be Reputable

    When choosing a broker you have to check on his portfolio. It is important that the broker must be a member of reputable organizations such as the National Futures Association of NFA. Also check that the broker is registered with the U.S. Commodity Futures Trading Commission or CFTC as a Retail Foreign Exchange Dealer or Futures Commission Merchant.

    If you want to know why a broker should be a member of these organizations, perhaps their functions will explain why:

    • The NFA is an organization that regulates the United States future industries. It is responsible in providing services, programs and rules in protecting the credibility and integrity of all investors and traders in the market. The organization sees to it that each member in the organization is able to practice his or her regulatory responsibilities.
    • The CFTC is an agency of the government which functions independently. Their task is to regulate options market and commodity futures in the United States. The CFTC is responsible in protecting the public and market users from any form of abusive practices, manipulation and fraud related to financial futures and options as well as commodity sales.

    As a way of choosing a reliable broker, make sure that the broker is an NFA member and/or a regulated by the CFTC. Always check on the «about us» page of the website that this information are stated otherwise brokers without NFS and CTFC evidence should not be accommodated.

    More often than not, websites with flashy designs pretend to be prestigious and reputable. For as long as there’s no proof about their membership to NFA and CTFC, then these brokers should be avoided. It always pays to be cautious in choosing a reputable broker.

    2. Currency Pairs Offered by Forex Broker

    The Forex market comprise of a number of currencies for trading, therefore you have to focus on only a few pairs which have the greatest liquidity. These major currency pairs are:

    • The Euro / US Dollar (EUR/USD);
    • The British Pound / US dollar (GBP/USD);
    • The British Pound /Japanese Yen (GBP/JPY);
    • The US Dollar / Japanese Yen (USD/JPY);
    • The Euro / Japanese Yen (EUR/JPY);
    • The British Pound / Swiss Franc (GBP/CHF);
    • The US dollar / Swiss Franc (USD/CHF).

    Brokers are allowed to present other currencies to the trader however; it is still the trader who has the power to select which currencies he or she is interest at.

    3. Forex Broker Customer Support Service

    The Forex market operates 24 hours a day, 5 days a week. On the side of the trader, customer service is a totally important service because there are times when queries need to be answered. In addition, customer service must also be available on the same time and days the Forex market is open. When it comes to communicating with a customer service representative, traders prefer to speak with a live agent rather than an auto attendant. This is because trading is a serious matter that involves investing money therefore; such issues must be resolved accurately. Since brokers need to earn the trust of traders, information about their company details, leverage, spreads as well as organizational memberships must be readily available.