Foreign exchange, commonly referred to as Forex, can be as simple as converting one currency to another currency, or as sophisticated as trading currency in the Forex market. The Forex market accounts for over $5 trillion in terms of volume being traded every day, making it the largest and most complex financial market in the world. Since the currency market is a huge and decentralized over-the-counter (OTC) exchange, one has to practice due diligence in comparing Forex brokers to understand the nitty-gritty of currency trading.
FOREX BROKERS LIST
When considering the best broker for Forex, one must understand the currency pair offering, account details (initial deposit, deposits/withdrawals, commissions/spreads, leverage, and margin), customer service, regulatory compliance, and trading platforms. Before selecting the best Forex broker, one should also invest time in reading reviews from that broker’s previous and current clients to have a sense of gauging how they fared when providing Forex services to people. Trading with the right broker is vital for successful currency trading.
For this list of Forex brokers, the team behind TopBrokers.Com spent hours of rigorous data gathering and consolidation to curate the top 10 list of leading brokers. In particular, the multi-functional table below provides a detailed Forex brokers list that can be adjusted to a person’s preference via filters. We’ve compiled the best forex brokers in the world for you to analyze using relevant qualities and characteristics.
