Forex Brokers

Top 10 Online Brokers for Forex Trading

There are a large variety of Forex brokers available to the Forex trader of today. Forex trading is fast evolving with new FX brokers emerging all the time and competition evolving at a rapid pace

Broker

Deposit

Features

Rating

Visit

$200

Trade with CopyTrader™
5 Million+ Registered Traders
Trade Now

75% of retail investor accounts lose money.

$10

Trade all FX & CFD s
Advanced Charting
One Click Trading
Trade Now

74-89% of retail CFD accounts lose money.

$100

Award Winning Broker
Advanced Charting Tools
Superior Customer Service
Trade Now

$100

Advanced Analysis Tools
2,000 +Instruments to Trade
No Fees or Commission
Trade Now

$100

Reduced Spreads
Advanced MT4
FCA Regulated
Trade Now

$250

Award Winning Broker
Advanced Charting Tools
Trade1500+ Global Markets
Trade Now

$150

Trade FX as Spread , CFDs & FX on MT4
Award Winning Platforms
Major, Minor & Exotics
Trade Now

$100

No Exchange Fees
Tax-Free Spread-Betting
No Commission
Trade Now

$100

FCA Regulated
200+ Assets to Trade
24/7 Customer Service
Trade Now

$150

Trade all FX & CFD s
Advanced Charting
One Click Trading
Trade Now

$100

No Exchange Fees
User-Friendly Platform
No Commission
Trade Now

* Please note that individual Brokers T&Cs Apply Risk Warning: Trading Forex (FX), Commodities, Options, and CFDs are a high-risk activity and you may lose more than your initial deposit. Please be sure you thoroughly understand the risks involved and do not invest money you cannot afford to lose. Your capital is at risk. Advertiser Disclosure: Top10tradingplatforms.com is an independent comparison websitesite funded from the referral fees and commision from the sites that it promotes. Top10tradingplatforms.com receives compensation from the brands and brokers sites and advertisements it features. Top10tradingplatforms.com is not able to display and feature information about all the available broker sites or broker site offers.

Risk Warning: Trading CFDs, Spread Bets and Foreign Exchange carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for everyone. Ensure you fully understand the risks involved and seek independent advice if necessary.

Nowadays everyone claims to be the master of Forex trading with so many broker options. Trading forex has seen exceptional growth in the number of forex broker-dealers offering their services in the world forex trading market over the last decade. Forex trading was once a more exotic activity left to banking institutes, importers and exporters, and large multinational companies. However, the intensification of world interaction has made the activity more familiar, commonplace, and attractive for individual traders who are looking for liquid assets and markets to trade within. The Forex market is very diffrent in many ways including its 24-hour schedule and its rapid growth. However, one characteristic really sets it apart from the rest of the world’s financial markets. It is by far the largest market in the world over to four trillion dollars traded daily.

As a result of its high trading volume and its easy access to anyone, the Forex market and more specifically the number of Forex brokers is growing faster than ever.

A large selection to choose from is always a good thing, however, the large number of available Forex brokers can make the choice that much harder for a new trader. The decision of which broker to choose is a crucial one and one that will strongly affect your trading future and its success or failure.

Who are important players are into Forex market?

There are many different people, organizations, and top Forex brokers who participate in the Forex trading market.

  • Banks – Banking institutes makers largest proportion of forex trading, the biggest banks will trade billions of dollars every day. The trading takes place on behalf of clients, but the majority is done by the bank in-house.
  • Companies – Companies use the Forex market to pay for goods and services from other countries. And also, to sell goods and services in other countries. This is actually a very important part of the daily Forex market.
  • Central banks/ Governments – Governments and central banks can affect an increase or decrease in their own currencies value, and as such play a very important role in foreign exchange markets. They are also able to stabilize the market by using their large foreign exchange reserves.
  • Hedge Funds – More than 75% of foreign exchange transactions are speculative. The people buying or selling the different currencies have no real intention of taking actual delivery. The sole purpose of making a Forex transaction would be to speculate on whether the price of a currency is going to go up or down. Large hedge funds have a huge part to play in the currency markets because they control and speculate with billions of dollars every day.
  • Individuals – When traveling to a foreign country, individuals are participating in the foreign exchange market, when they change up their vacation money while in holiday or buy anything online from another country.
  • Investors – If an investment firm manages large portfolios on behalf of their clients, the Forex market is used because it allows them to buy and sell foreign securities.
  • Retail Forex traders – Retail forex traders refer to people like you. This section of the industry is growing each and every day, as more and more people learn about the top online Forex brokers, and get a taste for the excitement and opportunities it brings. There are also many Forex trading platforms that allow the market to be easily accessible via the internet. To access the currency markets, retail Forex traders use the services of a Forex broker or a bank. There are two types of Forex broker – dealers and brokers. Top Forex brokers act as an agent for the retail trader. They try to find the best possible price and execute trades on behalf of their customers. Dealers, on the other hand, act as the counterparty to a retail trader’s transaction. The price they quote is the one they are willing to deal at, and they make their money through the difference between the buying and selling price (spread). Forex dealers are also known as market makers because they make the market for the trader.

The benefits of trading the Forex market

As with any form of investment, there are disadvantages and advantages of participating. First, we’ll look at the benefits.

  • Forex trading online means you are free to trade anywhere in the world, provided of course you have a reliable internet connection
  • Low charges and fees, compared with trading stocks and commodities
  • There are fewer currency pairs to concentrate on, then the large numbers of stocks and shares
  • Access is easy and usually only requiring a couple of hundred dollars to get started
  • Opening hours are Sunday 5 pm EST, to Friday 4 pm EST, which means you can trade whenever you want
  • Forex is a volatile market, and traders can make a profit whether the market is rising or falling

Guide Line To select The best Australian Forex Brokers

Australian Forex brokers are best because of the main thing regulation. Australian regulation ASIC is one of the best regulation in the worlds. Before investment fund safety is important in the financial markets. Do you think How to select the best Australian Forex brokers?  We give some guideline for you how to select the best Australian Forex brokers:-

  • If you are a beginner in the forex market. You should select a Forex broker carefully. Because your heard earn money you will invest in the brokers. If you are confused to select the Forex brokers don’t worry our selected brokers are proper regulated reliable and trusted, So you can select one of our listed brokers for your real trading accounts. Or can check open a demo account.
  • Brokers good reputation, background history and experience in this Forex market they are operating successfully or not. Look at their last operation history and their present reputation is suitable for your heard money investment.
  • Trading instrument available for your trading. When you are selecting brokers you should look your prefer trading instrument they are offered for trading or not. You should select broker offer more trading instrument because if have more trading instrument you have more opportunities to trade.
  • Before selecting brokers you should look at their offers trading platform. The trading platform is the main key to the entry Forex market. So when you are selecting Forex broker you should look brokers offer a reliable trading platform or not. You can find the broker’s website their offers trading platform.
  • When you are selecting forex brokers you should try to open with the brokers who offer a bonus program. The bonus is the promotion from the brokers. The bonus will help your trading activity easier.
  • Before you are selecting brokers you should look their offers spreads and leverage. You are trying to find the broker who offers tight spreads if you trade with tight spreads your trading coast will lower. Means your profit will more using tight spread. If the brokers offer high leverage you will trade big of the amount. But remember use high leverage is risky and very dangerous if your open position goes against.  So leverage will be used carefully how much loss you can efforts if the trade goes against you.
  • You must have good customer support. You check the broker’s website they are offering what type of customers support. In this Forex markets must have live support because during the trading time if you have any problem trading related you should contact immediately broker live support they will solve your problem. So when you are selecting brokers you should check their live support as it for you suitable or not. Most of the brokers are offers Multilanguage. So you check your preferable language they are an offer or not. So you can check the broker then you will choose the brokers who can serve you the prefer language support.