Forex Trading Made Easier
Forex Trading is our passion and we welcome you to this site. We are committed to your successful navigation of the Forex Trading world.
One of the ways we do that is to provide a growing list of reputable Forex Brokers with reviews and recommendations.
Our Top Forex Trading Brokers
|Broker||Welcome Bonus||Rating||Read Review||Open Account|
|UP TO $2000 BONUS||92/100||Read Review||Visit Broker|
|15% Welcome Bonus||90/100||Read Review||Visit Broker|
|Up to 30% Welcome Bonus||89/100||Read Review||Visit Broker|
|UP TO $10,000||87/100||Read Review||Visit Broker|
|Up to $10,000 per month||85/100||Read Review||Visit Broker|
|15% Welcome Bonus||82/100||Read Review||Visit Broker|
|Free Traning||80/100||Read Review||Visit Broker|
Our aim is to assist you in your education about Trading Forex and to help you choose the best Broker. You will find all the leading Forex Trading Brokers on this site for your convenience.
Forex trading online ought to be fast, easy, and convenient, but all these elements are largely dependent on choosing the right Forex platform. There is no money-making opportunity without risk, but how much risk you expose yourself to should be managed, and this is particularly true in the forex – foreign exchange realm.
To help you choose a reliable forex platform that will help you realize your trading objectives, our website has compiled all the leading forex trading sites in one place. So, how can you tell that they are the best? There are various attributes that you should seek in identifying the most ideal platform, including:
- Ease of use and accessibility
- Useful tools to assist with fundamental and technical analysis of currencies and the changing forex market
- Tight currency spreads
In addition, it is critical that you only work with a regulated and compliant market maker. After all, a market maker that puts your best interest first should operate in a transparent manner. The foreign exchange market is growing rapidly as investors increasingly look to hedge currency and inflation risk, and look for an alternative to fixed income and equity markets.
Owing to the propagation of internet technologies over the last couple of decades, coupled with the willingness of authorities and exchanges to accept technological integration, many novices to forex trading believe that they can be successful on their own in the forex trading realm. But what many may not realize is that trading with an established and reputable market maker is central to ensuring that their funds are safely deposited.
Useful features that help enhance your Forex trading online experience
We have narrowed down your choices for forex trading platforms. The recommended forex trading websites are reliable for various reasons, including the availability of features that can make your trading experience much easier. Some important features include:
Accurate forex quotes – Choose a trading platform that offers accurate trading quotes for the currency pairs you intend to trade, so you can initiate trades promptly and monitor your risk effectively.
- Reliable deal execution – Choose a trading platform that executes deals fast and reliably with minimal risk for costly requotes
- Good order placement – Choose a platform that allows fast entry of all types of order that you might need, including profits, trailing stops, and stop losses. It should also offer the OCO – One Cancels the Other feature to keep you from executing multiple orders for the same position
- Strong data security – The platform should operate under favorable internet security protocols to protect your account login information and personal data, and provide a backup option in the unfortunate event of data loss.
- Support for trading strategy automation – If you intend to use off-the-shelf forex trading robot software, or program your own trading strategies for automatic transaction execution, you should ensure that you choose a platform that supports those intentions to the fullest extent.
- Technical analysis tools – Good trading platforms typically provide multiple technical tools that include charting and other indicators for the currency pairs you will be trading. It would be useful if the charts were updated on a real-time basis so you can trade directly from them.
How to identify the right platform for forex trading online
As an investor or hardened forex trader, and before you put your (or clients’) hard earned money on the line, take your time to research and examine your options, so you fully understand your risk tolerance and the defining differences between the various forex trading platforms. Finding the best platform is necessary for increasing your chances for success and maximizing your profits. Some of the things to consider before choosing and applying for your forex account include:
- Type of account
Choosing the right online forex trading account involves picking the account that not only lets you invest the way you would prefer, but also allows you to trade for less. Based on these attributes, there are various kinds of forex accounts, including trading accounts, CFDs, and spread betting, and knowing the one that best fits your trading patterns will help you narrow down your forex trading platforms.
When considering trading in a specific currency market, the logical step would be to eliminate foreign exchange currency platforms that do not offer your preferred currency, and focus on choosing one from the remaining ones.
That said, you may want to note that majority of accounts typically include all the main world currencies. However, it may become an issue if you are looking to trade in a regional currency, which is why you should first check if that forex account deals with that small currency.
- How to trade
Many people prefer to trade conveniently on the go, be it online on from their mobile devices. So, it is important that you look for an international trading account that permits you to manage trades conveniently – online, by phone, or from your mobile device.
If you are a beginner looking to practice forex trading without having to risk your own money, then your top picks should be platforms that provide virtual trading. Once you are done with this step, you can shortlist those that meet your needs and eliminate the rest.
- Trading fees
Besides losses, any costs associated with trading forex online are largely dependent on the charges imposed by your trading account. So, make sure you check the charges before applying for the account. Many accounts offer incentives, such as guidelines on how to trade or the newest trading features, but require you to pay for them. If such an account ends up consuming your profits, it may be better to find a less expensive one that offers you good value for money.
Make sure to check the charges imposed on each account, including:
- Any monthly fees tied to your account
- Amount charged per trade
- Commission rates
We give you the best chance for successful forex trading online
If you plan to be in online forex trading for the long term, you will want to take your time to carefully select the forex trading platform that best meets your needs. The basic platform attributes, namely efficiency, user-friendliness, and reliability, coupled with a reputable forex broker that facilitates dealing via the platform, will typically translate to a better chance of your forex trading endeavor being profitable.