Since the currency market is a huge and decentralized over-the-counter exchange, one has to practice due diligence in selecting a Forex trading broker to understand the nitty-gritty of currency trading. IC Markets is the largest forex broker by trading volume, with over $774 billion in forex trading volume in the third quarter of 2021 alone, according to data compiled by Finance Magnates. Unlike other major trading platforms such as MetaTrader which require a 3rd party tool for social trading, eToro is built from the ground up with social trading in mind. Since AvaTrade is a market maker, the broker only has a spread-only (i.e. commission-free) account. Spreads start from 0.9 pip, while this is slightly higher compared to what other brokers have for a ‘Standard Account’ which is also commission, you get the extra security provided with spreads being fixed. IG is a well-established online broker regulated by 10 different financial authorities, including the Dubai Financial Services Authority .

forex rankings

The Bonus of hundreds of Forex Brokers to choose from makes it far more likely for traders to find a firm which suits their own trading style and needs to a tee. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this Forex news price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. Using a Skrill credit card allows you to deposit your money into your account online under the condition of ensuring the safety of funds.

Other Top Forex Brokers That Nipped At The Winners Heels

One of the best options for beginner traders, where you get access to a comprehensive knowledgebase, complete with video tutorials, and ultra-competitive trading conditions for improved trading performance. SAXO BANK are offering their own fully customizable trading platform SaxoTraderPRO. There is a functionality for quick order placement, advanced charting elements, and level II market display. There is also one innovative feature – Algorithmic orders. They can be executed on specific user-defined conditions and they are integrated in the order. For example – you can have much more complex order management in MetaTrader, but you must have the platform running. The company is in the forex business for more than 15 years with offices in over 13 countries.

  • All information on is only published for general information purposes.
  • Traders have the opportunity to make use of the demo account plus trade live on the very popular MetaTrader 5 platform.
  • Research and educational tools alongside both web and mobile platforms are on offer.
  • A major perk for US customers is that you can trade exchange-listed US shares, US and Canadian ETFs, as well as options commission-free.
  • EasyMarkets obtained a license in Australia in 2003 in Cyprus license in 2007.
  • This can help you be sure about what is offered and how the broker serves its customers.

It’s important to only use brokers that are properly regulated to reduce your risk of being scammed. You can trade a wide range of asset classes with TD Ameritrade including forex, shares, ETFs, options, mutual funds, futures and bonds, with cryptocurrency products expected to be available soon. All TD Ameritrade clients can enjoy commission-free fx trading, with 70+ currency pairs offered by the broker. Several third-party platforms, such as MetaTrader and cTrader, are popular within the trading community.

Personal Tools

FCA is committed to protecting consumers, promoting competition, and enhancing the integrity of the UK financial system. Based on the trading rules, capital safety, brand influence, and reputation etc, top 10 FCA-regulated brokers are selected below. Hercules.Finance is a financial education website powered by a team of Financial Specialists and IT experts, mainly introduce solutions of Forex, CFD and Commodity Investment, and a number of Payment Services. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services.

forex rankings

This can lead to sudden drops in capital that are out of the trader’s control. Financial firms and institutions are monitored by FINMA, the Swiss government body. The regulator is tasked to supervise banks, insurance companies, dealers, and exchanges in Switzerland. The term Social Trading originated witheToroin Forex 2007. The Broker has millions of registered users thanks to their diverse offering of investment tools and excellent MetaTrader 5 platform which is on offer. Research and educational tools alongside both web and mobile platforms are on offer. And an overview of the 5 Best MetaTrader5 trading platforms.