Saxo is a renowned financial services provider that facilitates trading, investments, and banking. Clients have access to over 72,000 trading instruments, investment solutions, and managed portfolios. The reputable name also features open pricing and the best possible regulation from 10+ organisations like FCA, FINMA, and ASIC. Saxo Bank provides forex ..Read More
Category: Forex Brokers
For those new to forex trading, a forex broker is a company that provides you with a trading account and platform for trading online. Anyone can open an account and trade forex currencies, CFD’s on stocks, indices, commodities, cryptocurrencies, precious metals, energies and more. You can see a selection of my best forex brokers if you like.
The majority of forex brokers will provide clients with the popular and widely used MetaTrader 4 (MT4) platform free of charge for desktop, web and mobile devices. MetaTrader 4 is well known for its intuitive interface and abundance of trading tools. Its user friendliness makes it a popular choice for beginners whilst it has plenty of advanced functionality to satisfy the needs of most seasoned traders.
You can choose to open a demo account if you wish to practice your trading strategies with virtual funds until you feel confident enough to open a real account. This is common practice amongst new traders as it enables them to familiarise themselves with the trading platform and how trading online works.
Brokers charge a fee for using their services. This can include a spread and commission on each trade you place with them. It is generally considered that the lower the spread and commission, the cheaper your trading costs can be.
In addition to broker fees, there are other factors worth considering such as the regulation, account funding options, minimum deposit, leverage, educational resources, trading tools, market analysis and customer service.
Whilst there are many forex brokers to choose from, I would personally choose a regulated and established brokerage that has tight spreads, competitive commissions with plenty of liquidity providers (LP’s) for reliable execution speeds at the best possible prices. I would also opt for a regulated broker to help give me peace of mind that my funds should be safe in the case something should go wrong.
Topstep Alternatives
While Topstep has gained popularity as a forex trading account funding platform, there are several alternatives in the market that try to offer similar opportunities for aspiring traders. These alternatives try to provide traders with a chance to showcase their skills, access capital, and potentially build a career in trading. ..Read More
My Forex Funds Alternatives
My Forex Funds is a prop trading firm that provides demo accounts for traders to try and pass challenges. If you are looking for a prop trading firm and want to see what other options are out there, here you will find a list of some of the most popular ..Read More
FTMO Alternatives
FTMO alternatives are a diverse range of trading programs and platforms that try to cater to aspiring and experienced forex traders seeking an alternative to the well-known FTMO Challenge. These alternatives try to provide traders with unique features, varying risk parameters, and distinct evaluation processes, offering a broader spectrum of ..Read More
Coinigy Review
Coinigy tries to emerge as a distinguished and influential force within the multi-exchange trading platform landscape, trying to provide an invaluable gateway to the vast expanse of global financial markets. Regardless of their size or scale, a myriad of businesses turn to this platform as a dependable resource, relying on ..Read More
Tradier Review
Tradier is a versatile and innovative online brokerage platform. In this review, we’ll try to explore the key features, benefits, and functionalities that make Tradier a noteworthy choice for traders and investors alike. Whether you’re an experienced professional or just starting your journey in the world of finance, Tradier’s user-friendly ..Read More
SuperForex Review
Founded in 2013 and based in Belize, SuperForex is an online forex broker that offers online trading services on over 300 trading instruments across multiple asset classes, such as forex, indices, stocks, cryptocurrency, commodities, energies, and metals. The broker provides clients with the MetaTrader 4 trading platform, offering competitive spreads, ..Read More
NordFX Review
Founded way back in 2008, NordFX is an established online broker that offers very competitive forex and CFD trading conditions to clients from across the globe. They give you the opportunity to trade on a generous selection of financial instruments across different asset classes, including forex, stocks and commodities such ..Read More
Pepperstone Review
Pepperstone have been around for many years and have rightly earned a fantastic reputation amongst the forex trading community as one of the best forex brokers, if not the best. Pepperstone is a name that I have often seen popping up during my many years of forex trading. I have ..Read More
PU Prime Review
Based in Mahe, Seychelles, PU Prime (Pacific Union) is an online trading broker that was launched in 2015 and has continued to provide traders with competitive trading conditions, such as low spreads from 0.0 pips, zero commission accounts, quick trade execution speeds, multiple payment methods, flexible account types, multiple methods ..Read More