- STEP 1 - Choosing A Broker
Choosing a broker is not a process that should take an hour or two. Instead, a trader should spend at least a few days comparing the quality of services offered by different brokers and their relationship to the trading portfolio. In this regard, novice traders who take their first steps in the market often have problems choosing a broker. Now a huge number of companies offer their services in this area. It is desirable to select a broker that is regulated and has a fresh performance report. Take a look at each one and see which works best for you:
...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.
...Forex.com 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 Forex.com.
...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.
...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.
...Forex.com 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 Forex.com.
...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.
...IG Markets is a safe and legitimate broker. The main activity is trading currency pairs, CFDs, metals and signals. It offers itself as a secure, reliable, and trustworthy broker. Not only is it regulated by one of the most trusted regulators in the world, but it's also a brand under a public company. That provides an extra layer of safety for investors.
Overall, if you are a CFDs trader or a trader who wants security, albeit, for a price, trading with IG Markets is more than the right choice. It's a brand that is definitely worth the shot, and we believe thousands of traders have made the right decision with this broker.
...HYCM is regulated by the FCA and the CySEC through its European offices located in London and Cyprus. In addition to these countries, the broker also has offices in Kuwait and Hong Kong. HYCM specializes in all international currency and stock markets.
HYCM provides a variety of financial services in more than 140 countries around the world. The company has also received numerous awards and is the preferred broker for traders around the world. In addition, the broker acts as a liquidity provider for institutional investors. The site interface is simple and easy to understand, and there are also 300 trading tools available to you.
...FXCM is the first of the Forex brokers whose stocks are listed on the NYSE. FXCM broker providing financial services in the field of Forex trading to both physical and institutional clients. Trading is organized directly with liquidity providers, which guarantees the best prices and the absence of slippage.
Thanks to the impeccable FXCM service, more than 200,000 clients worldwide use Forex trading services through various platforms, using the services of a brokerage company. This is one of the world's largest Forex brokers in terms of customer trading volume. The company's monthly trading volume is more than $250 billion, which spurs price competition between liquidity providers.
...CMC Markets is a British financial services company that offers online stock trading, spread bets, difference contracts and currency exchanges on global markets. The internal regulation of the company is carried out by the Financial Conduct Authority (FCA) with license number 173730. The company develops the latest technologies that will make trading as comfortable as possible and simplify the trading process.
CMC Markets also stands out from the competition with its comprehensive training and NextGeneration trading platform. They offer a free demo to help clients become proficient at operating their platform. The broker provides excellent liquidity, fast execution of transactions and favorable conditions.
...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.
...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.
...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.
...IG Markets is a safe and legitimate broker. The main activity is trading currency pairs, CFDs, metals and signals. It offers itself as a secure, reliable, and trustworthy broker. Not only is it regulated by one of the most trusted regulators in the world, but it's also a brand under a public company. That provides an extra layer of safety for investors.
Overall, if you are a CFDs trader or a trader who wants security, albeit, for a price, trading with IG Markets is more than the right choice. It's a brand that is definitely worth the shot, and we believe thousands of traders have made the right decision with this broker.
...ActivTrades is a Forex and CFD broker that stands out for its extensive capabilities, wide selection of assets and different trading conditions. More than 1000 products are available for trading. Now the broker will actively introduce activities in Europe, Asia and South America. Official company offices are open in New York, Melbourne, Prague and Singapore.
The company's advantages are transparent activities, fast order execution, low commissions, low spreads, a huge selection of trading instruments and round-the-clock support for traders. ActivTrades has also received numerous awards, which indicates high reliability.
...HYCM is regulated by the FCA and the CySEC through its European offices located in London and Cyprus. In addition to these countries, the broker also has offices in Kuwait and Hong Kong. HYCM specializes in all international currency and stock markets.
HYCM provides a variety of financial services in more than 140 countries around the world. The company has also received numerous awards and is the preferred broker for traders around the world. In addition, the broker acts as a liquidity provider for institutional investors. The site interface is simple and easy to understand, and there are also 300 trading tools available to you.
...FXCM is the first of the Forex brokers whose stocks are listed on the NYSE. FXCM broker providing financial services in the field of Forex trading to both physical and institutional clients. Trading is organized directly with liquidity providers, which guarantees the best prices and the absence of slippage.
Thanks to the impeccable FXCM service, more than 200,000 clients worldwide use Forex trading services through various platforms, using the services of a brokerage company. This is one of the world's largest Forex brokers in terms of customer trading volume. The company's monthly trading volume is more than $250 billion, which spurs price competition between liquidity providers.
...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.
...Deriv is an Forex and CFD broker launched in 2020, but with experience since 1999. Deriv specializes in providing trading services for Digital Options, Forex Spot Market and Contracts for Difference. The broker is regulated in different jurisdictions and complies with all EU rules. Deriv is licensed and registered with MFSA Malta, Vanuatu FSC, Labuan FSA, and the British Virgin Islands FSC.
This broker is definitely legitimate, reliable and trustworthy. More than 1 million traders have already been registered on the broker's platform in more than 100 countries. For trading, the broker offers to use its unique DTrader and SmartTrader platforms.
...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.
...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.
...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.
...Markets.com online Forex and CFD broker is a very popular broker among traders. In addition to the Markets.com trademark, the company is a serious Forex broker that has been in operation since early 2000. Being one of the early leaders in the retail space, Markets.com has evolved to become one of the well known and reputable Forex brokerages with over 18 years of successfully running the Forex brokerage.
In customer service expressions, Markets is recognized as a leader and offers its customers a best service in more than a dozen heterogeneous languages. The platform has also won awards from London Investor Show Forex and Finance Review & Global Banking, which provides recommendations on the quality of its services.
...EasyForex was established in 2003 and currently acts as a broker with global reach. It provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs, commodities and metals, to options on both its proprietary platform and the ever popular MetaTrader.
Simple and professional business solutions. From world-class trading platforms with expanded order execution and risk management tools to real-time market data and real-time streaming, Easy-Forex ® helps partners deliver advanced trading technologies and solutions to customers worldwide.
...XMarkets is a financial services provider governed by European Union law and which provides the opportunity for online trading on the global financial markets. They position their services to the company as the most reliable and secure.
XEMarkets customers have direct access to the financial markets of more than 1000 financial instruments, including currency, stock indices, precious metals and energy, in terms of transparent real-time pricing, the lowest spreads and flexible financial leverage.
...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.
...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.
...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.
...IG Markets is a safe and legitimate broker. The main activity is trading currency pairs, CFDs, metals and signals. It offers itself as a secure, reliable, and trustworthy broker. Not only is it regulated by one of the most trusted regulators in the world, but it's also a brand under a public company. That provides an extra layer of safety for investors.
Overall, if you are a CFDs trader or a trader who wants security, albeit, for a price, trading with IG Markets is more than the right choice. It's a brand that is definitely worth the shot, and we believe thousands of traders have made the right decision with this broker.
...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.
...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.
...BDSwiss offers its clients a reliable investment tool in the CFD/Forex market. The broker is fully compliant with the EU Financial Instruments Directive 2014/65 or MiFID II. The broker has all the necessary tools for online investing: a very successful platform, a well-developed training department where we can take the necessary courses and webinars.
By providing its clients with the best trading conditions and software, BDSwiss has become the top choice for many traders. Now more than 1 million traders from different countries of the world trade with BDSwiss. The company also has offices located in other countries such as Germany and Italy. This is one of the most popular brokers in Europe.
...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.
...Markets.com online Forex and CFD broker is a very popular broker among traders. In addition to the Markets.com trademark, the company is a serious Forex broker that has been in operation since early 2000. Being one of the early leaders in the retail space, Markets.com has evolved to become one of the well known and reputable Forex brokerages with over 18 years of successfully running the Forex brokerage.
In customer service expressions, Markets is recognized as a leader and offers its customers a best service in more than a dozen heterogeneous languages. The platform has also won awards from London Investor Show Forex and Finance Review & Global Banking, which provides recommendations on the quality of its services.
...OctaFX uses state of the art technology and knowledge to enhance the Forex trading experience and provides forex brokerage services to its clients in over 100 countries around the world. The broker acts in full compliance with international legislation and regulation standards and guarantees its clients the safety of funds and protection from negative balance.
Today it is the leading forex company in the modern financial market. The broker is regulated by the British regulator of financial institutions FCA, as well as the European organization CySEC in accordance with the MiFID directive.
...ForexTime or FXTM is an international professional who provides an expanded range of online trading and investment services in the international currency market for clients from 99 countries. The main advantages are fast processing of orders under the best conditions, reliability, convenience and a wide range of services in the personal workspace.
Broker ForexTime has a solid license and a good reputation for customers, as evidenced by positive reviews. Traders will have access to a wide range of trading instruments. You can use currency pairs, precious metals, futures, contracts for difference. The total number of trading instruments is more than 100.
...EasyForex was established in 2003 and currently acts as a broker with global reach. It provides its services in over 160 countries worldwide, offering trading in 175 products ranging from currencies, CFDs, commodities and metals, to options on both its proprietary platform and the ever popular MetaTrader.
Simple and professional business solutions. From world-class trading platforms with expanded order execution and risk management tools to real-time market data and real-time streaming, Easy-Forex ® helps partners deliver advanced trading technologies and solutions to customers worldwide.
...EverFX is a serious global award-winning Company which serves retail and institutional Clients from over 180 countries in the world. This is a broker offering trading on favorable terms, opening a multifunctional account, low spreads, minimum commissions, 130 trading instruments. The broker focuses on providing the most favorable and comfortable conditions for clients.
EverFX aims to create long-lasting relationships with its clients and empowers them with the necessary tools, knowledge and support to enjoy and excel in their trading endeavors. The broker sponsors the Sevilla Football Club and is its official partner in the European League.
...XMarkets is a financial services provider governed by European Union law and which provides the opportunity for online trading on the global financial markets. They position their services to the company as the most reliable and secure.
XEMarkets customers have direct access to the financial markets of more than 1000 financial instruments, including currency, stock indices, precious metals and energy, in terms of transparent real-time pricing, the lowest spreads and flexible financial leverage.
...FIBO Group is a group of companies that forms a financial holding company operating on the international market. This holding has the latest technologies in the field of Internet trading in the financial sphere and asset management. The sphere of influence of this holding covers almost all world markets that participate in Internet trading.
Today FIBO Group is popular among emerging traders and experienced professionals who seek to achieve great success in trade. Thanks to transparency of transactions, convenient instruments and comfortable conditions, trade with FIBO Group has become a fascinating and profitable activity.
