9 Best Forex Brokers For 2019 - ForexBrokers.com Foreign Exchange Broker

The ForexBrokers.com once a year forex marketer review (three years running) is the most cited in the industry. With over 60,000 words on research more or miles side of} the site, we pay out hundreds on hours testing forex brokers every year. How we test.

Looking to bet that the Euro (EUR) coinage will travel up in value against the US Dollar (USD)? If so, you will desire to business the EUR/USD coinage pair. Representing each and every coinage more or miles side of} the globe, the forex mart is the largest including nearly all liquid mart in the world, business of} trading conducted 24 hours a day, five days a week.

To business forex, you need an online broker. Trading business of} a trusted forex marketer is crucial appropriate to success in international coinage markets. As a coinage trader or investor, you may have special needs linked to which platform, tool, or research requirements should be met. Understanding your investing style can aid determine which fx marketer will be leading appropriate to you.

Each year, our team on this spot at ForexBrokers.com spends six months testing the biggest names in forex including assembles a guide to the leading forex brokers appropriate to forex including CFDs trading. Here's our findings appropriate to 2019.

CFDs are complex instruments including come business of} a high risk on losing funds rapidly due to leverage. Between 74-89% on retail investor accounts be beaten funds when trading CFDs. You should see whether you understand how CFDs work including whether you can afford to grab the high risk on losing your money.

Best Forex Brokers

Here's a failure on some on the leading forex brokers in the world.

• IG - Best Overall, Most Trusted
• Saxo Bank - Best Web Platform, Research
• CMC Markets - Best appropriate to Low Costs, Active Trading
• TD Ameritrade FX - Excellent Trading Platform, US only
• FOREX.com - Great All-around, Low Costs
• City Index - Well-rounded Offering
• XTB - Great Customer Service, Easy to Use Platform
• Dukascopy - Best Desktop Platform, Mobile App
• FXCM - Well-rounded Offering

Best Overall, Most Trusted - Visit Site

Regulated including trusted more or miles side of} the globe, IG offers traders an large list on tradable products, excellent trading including research tools, industry leading education, including aggressive rates. This fantastic all-round understanding makes IG our No. 1 total marketer in 2019. (76% on retail CFD accounts be beaten money.) Read stocked review

Best Web Platform, Research - Visit Site

With aggressive pricing, excellent trading platforms, standard research, reliable consumer service, including over 30,000 CFDs offered, Saxo Bank offers traders a complete package worth being a consumer for, below a global trademark they can trust. (69% on retail CFD accounts be beaten money.) Read stocked review

Best appropriate to Low Costs, Active Trading

Through its offices regulated in major global business centers, CMC Markets offers traders a wide variety on offerings business of} excellent pricing including its Next Generation trading platform, which is packed business of} innovative trading tools including charting. Read stocked review

Well-rounded, US Only

With practically 80 coinage pairs to business alongside a plethora on trading tools including research, TD Ameritrade’s thinkorswim platform provides US-based forex traders a winning solution. Read stocked review

Great All-around, Low Costs - Visit Site

FOREX.com has plenty on options appropriate to Forex including CFD traders more or miles side of} its regulated offerings globally. With full-feature platforms, diverse trading tools, including broad research, FOREX.com caters to traders on the whole amount understanding levels. (70% on retail CFD accounts be beaten money.) Read stocked review

Well-rounded Offering - Visit Site

City Index is a multi-asset forex broker, regulated in the UK including Singapore, that offers aggressive spreads more or miles side of} multiple trading platforms. The marketer caters to the needs on assorted clients, from beginners to advanced automated traders, including offers an busy trader program appropriate to high-volume investors. (70% on retail CFD accounts be beaten money.) Read stocked review

Great Customer Service, Ease on Use - Visit Site

As a trusted multi-asset marketer regulated in several major business centers, XTB provides a well-rounded, aggressive trading experience. No question, consumer service including xStation 5 are the broker’s two standout highlights. (79% on retail CFD accounts be beaten money.) Read stocked review

Best Desktop Platform, Mobile App

Thanks to its JForex platform suite, Dukascopy provides forex traders industry leading trading tools including mart research, which includes our favorite moving app appropriate to 2019. Customer service including a narrow offering are the only feeble spots in an otherwise great offering. Read stocked review

Well-rounded Offering

While its variety on tradeable markets is narrow, FXCM caters well to high-volume traders, algorithmic traders, including traders that appreciate tough charting tools including standard mart research. Read stocked review

Best Forex Brokers appropriate to Low Costs

Forex trading costs are not easy to break down. Reasons why trading costs can be impacted: bid/ask spreads can vary more or miles side of} venues (because forex is decentralized), forex spreads may be either set or variable (floating), including variable spreads may widen or narrow (vary) at dissimilar rates more or miles side of} brokers.

Furthermore, killing policies vary more or miles side of} firms in terminology on how orders are handled (slippage/rejections), stable when the whole amount else is equal. Brokers may be acting when mart makers (dealers) to kill your trades and/or may be acting when agents appropriate to killing (relying on top of more dealers to execute). Forex spreads may involve a round-turn commission. In addition, not the whole amount brokers publish their normal spread data, including appropriate to those who do – not the whole amount brokers file their normal spread over the identical time-frames, production it difficult to produce an right comparison.

To assess brokers, we took into consideration how greatly beginners, normal traders, including stable more veteran traders would pay, looking at normal spreads appropriate to standard forex contracts (100,000 units) when well when mini accounts (10,000 units) including micro accounts (1,000 units), where applicable. We then calculated the all-in worth via including any round-turn order that was added to prevailing spreads.

While the all-in worth to business can be crucial appropriate to many traders, it is important to look at the whole picture in terminology on how a broker’s total offering could leading suit your needs. Questions to ask include: What are normal spreads appropriate to the description types offered? How will differences in amount requirements or killing sort offered affect my forex trading volumes including linked trading costs? These are lately some on the questions that can aid traders see door key differences between offerings.

Best Forex Trading Platforms

Forex trading platforms are the modern gateway to investing in international coinage markets. Regardless on your trading style, or preferred multi-asset instrument, the platform technology you employ can affect practically the whole amount aspects on your trading experience. From accessing research to analyzing latest events or performing technical study on top of charts, forex trading platforms part the common goal on production it easy to aid you business including see trading opportunities, while as|during the while that} managing your special investments.

Over the history decade, forex trading platform technology has continued to evolve steadily more or miles side of} devices, business of} a shift from desktop to spider's web including then to mobile. With ongoing enhancements to the user understanding throughout the year, forex brokers compete appropriate to mart part amid shifting regulations including the evolving needs on traders.

From among the 28 forex brokers we tested this year, it was clear that the leading forex platforms continued to innovate including pack a slew on features including tools into a simplified user experience, while as|during the while that} keeping the technology up to date business of} the up-to-date supported standards. All in all, these platforms give customers a rich including pleasant understanding in the whole amount crucial areas on forex trading.

Overall, the leading forex platform appropriate to you will depend on top of a myriad on factors. First, do you prefer a web-based environment or desktop download? Next, see how important tools such when charting or automated trading are to you. Available order types including more special tools including advanced features are also items to remain in mind.

Fortunately, practically each and every forex marketer supports opening a demo description including testing out the understanding in a pretended trading environment.

Best International Offering

Foreign exchange markets are unlocked 24 hours a day, five days a week, which means investors can constantly glance over international markets appropriate to opportunities to invest. Having access to multiple help classes from within a single platform is important to many investors, when business markets, including forex including stable cryptocurrencies, are very interconnected. The ability to respond quickly to geopolitical including business latest events in real while is key.

In the beforehand 2000s, a fine line used to exist: brokers were nearly all often condensed on top of offering lately one asset, appropriate to example forex, to their customers. However, this day trading platforms are certainly not longer lately appropriate to trading forex, stocks, or futures; instead, multi-asset offerings are now industry standards among the whole amount the largest online brokers. That said, the variety on products including markets you can business stationary varies greatly more or miles side of} firms.

Best Forex Research

Almost each and every forex marketer aims to give its clients business of} research subject matter including tools to discover including analyze investing opportunities. At the identical time, we are living in the digital details age where traders can grow missing in the sea on forex latest headlines, production it hard to grow the details they need unless brokers give the correct arrangement appropriate to forex research.

Beyond latest headlines including an business calendar, leading forex brokers usually unite in-house research appropriate to first latest including technical analysis, then couple it business of} outsourced research content. Firms that grab it a step further may stable lead to their special TV channel, appropriate to example, to stream video updates instead on providing basic regular or weekly video updates.

Furthermore, many research tools are more and more integrated within trading platforms, such when regular or weekly mart recaps including analysis, live trading rooms, including integrated pattern- recognition tools appropriate to latest events including charts, when well when screeners, cook maps, including sentiment indicators.

When selecting a forex marketer appropriate to its FX research tools, remember that standard is lately when important when quantity. The reason why our top picks appropriate to research consistently make high marks every year is that they give a great blend on in-house mart study when well when tier-1 standard third-party research.

Best Forex Trading Apps

While practically the whole amount forex brokers have offered moving apps appropriate to years, the competition continues to increase when clients demand many on the identical features in moving that are generally found on top of desktop including spider's web platforms.

To determine the leading forex brokers appropriate to moving trading in 2019, we focused on top of identifying moving experiences that were bug-free, cleanly designed, including provided a wide variety on features. Additionally, we looked appropriate to brokers who have been capable to lead to a seamless understanding between their moving apps including their desktop and/or web-based platforms.

Best Customer Service

When using a forex broker, a single consumer service understanding is not enough to assess the all-round standard including opportunity on service. Instead, multiple interactions business of} a broker’s consumer help staff should be conducted to determine an total rating on consumer service.

Here at ForexBrokers.com, we accompany the rigorous testing approach used via our sister site, StockBrokers.com, the nearly all respected in the industry when it comes to trusted US stockbroker reviews.

For the 28 international forex brokers included in our consumer service assessment, we conducted institutional-grade phone testing business of} the aid on UK-based consumer understanding research group Customerwise. Over the course on six weeks, 229 phone tests were conducted more or miles side of} the UK (Note: brokers who do not offer any UK-based phone help were excluded from testing).

FX consumer service leading netting organizer score

In the final ranking appropriate to leading consumer service, IG finished up first followed via XTB, ADS Securities, LCG, including Saxo Bank in fifth. View the stocked rankings.

Best appropriate to Day Trading (Professional Client Status)

When it comes to busy trading / day trading, not the whole amount forex brokers’ offerings are created equal. The trading requirements, including resulting commission/spread discounts a forex trader is entitled to, can vary greatly more or miles side of} forex brokers.

The ready trading tools day traders need, such when advanced order types, appropriate to example, may vary from one firm to another. Not only that, but in today's very regulated forex world, traders who desire to maximize their amount influence essential seek including gain ESMA's trained client status business of} the broker.

Needless to say, trained forex traders are consistently engaged business of} the mart on top of a regular basis. Tracking news, monitoring watch lists, conducting analysis, including placing trades produce up nearly all on the normal routine. As a result, this special breed on investor places miles more trades, on top of average, than any long-term investor.

Overall, the leading marketer appropriate to busy trading will depend on top of your special situation when it comes to order including fees. All the forex brokers in this class offer aggressive pricing appropriate to busy including trained traders who business frequently. Here's our top picks appropriate to 2019.

If you’re considering an busy trader program you might first ask: How greatly do I plan to business over the calendar month? How will the ready amount rates at my marketer affect my business sizes including total volumes? How sensitive is my trading strategy to spread/commission rates? Other factors that can play a crucial part in your total understanding are the killing method, order types, trading platforms, including more such preferences.

How to Choose a Forex Broker

Here are some on the nearly all important factors to remain in mind when choosing an online marketer appropriate to coinage trading.

Regulation including Trust: Not the whole amount regulatory jurisdictions including licenses are created the same appropriate to international forex including CFD Brokers. Investors should know which country their marketer is based in including which country’s laws seek to their account, including the regulatory status on that broker. To prevent forex fraud, it is crucial to employ a well-known including well-regulated broker. See: How to Avoid Forex Trading Scams

Company Policies including History: As part on each and every investors due diligence process, steps to aid make certain description security should involve verifying a firm’s regulatory licenses including its legal obligations in safeguarding clients’ money. It is also important to review the consumer agreements, scan up on top of the company's history, including verify that its primary offices are located in a well-respected country, if not your own.

Range on Markets Offered: It is always important to determine which markets or individual trading products (currency pair or stock symbol) you desire to trade, then check to produce sure they are offered. Also check to make certain the products you desire to business are ready in your region.

FX Trading Tools & Platforms:  Which platforms including trading tools are ready appropriate to the products you are considering? Are they consistent business of} your spider's web browser, computer operating system, or moving smartphone, or any more devices you are planning to employ appropriate to trading? 

FX Analysis including Global Market Research: Available research tools appropriate to scanning, analyzing, including conducting technical including first study will vary from marketer to broker. 

Forex spreads, commissions, including total trading costs: For forex trading, the all-in worth to complete (open/close) every business will consists on the spreads, plus including any round-turn commissions. The identical generally applies to CFDs, in terminology on bid/ask spreads plus any per business commission.

Order Execution: Available killing methods can depend on top of whether the marketer is a principal dealer acting when a mart maker, and/or if they are an agency-only marketer relying on top of third-party dealers (liquidity providers). Other killing methods, policies, conditions, or ready order types can vary (including premium or free business charge tools such when guaranteed stop-loss orders, fill-or-kill or fill within a maximum deviation range) can vary from marketer to broker.

Order Type including Execution: Some killing methods or order types may experience invalidating or confident slippage. This means orders will fill but the fill price could be better or worse than that requested. Since every marketer is different, some firms may re-quote an order business of} a modern price appropriate to you to accept (or reject) in case the price has changed.

Customer Service: Customer service is important. The opportunity including standard on help can be a major differentiator more or miles side of} online FX brokerages, ranging from the speed including total standard on assistance to availability more or miles side of} global trading hours including international markets.

Education: Currency trading can be complex. Even veteran investors are constantly knowledge to expand their breadth on coinage markets. The disparity between coinage brokers that give thorough, high-quality education including those who do not is vast.

Summary: Best Forex Brokers 2019

Broker	Best For	Total Forex Pairs	Total CFDs	Overall Rating
IG	Best Overall, Most Trusted	91	15000	4.5 Stars
Saxo Bank	Best Web Platform, Reseach	182	32999	4.5 Stars
CMC Markets	Best appropriate to Low Costs, Active Trading	183	9959	4.5 Stars
TD Ameritrade	Well-rounded, US only	75	0	4.5 Stars
Forex.com	Great All-around, Low Costs	84	220	4 Stars
City Index	Well-rounded Offering	84	4500	4 Stars
XTB	Well-rounded Offering	48	1728	4 Stars
Dukascopy Bank	Best Desktop Platform, Mobile App	64	357	4 Stars
FXCM	Well-rounded Offering	39	24	4 Stars

Read Next

• Best Forex Brokers appropriate to Beginners
• Best Forex Brokers appropriate to Copy Trading
• Best MetaTrader Brokers
• Compare Forex Brokers

Methodology

For our 2019 Forex Broker Review we assessed, rated, including ranked 28 international forex brokers. Each marketer was graded on top of 81 dissimilar variables and, in total, over 60,000 words on research were produced.

While encouraged, marketer participation was optional. Each marketer had the opportunity to complete an in-depth data profile including give administrator while (live in person or over the web) appropriate to an once a year update meeting.

All data submitted via brokers is hand-checked appropriate to accuracy. Ultimately, our rigorous data validation process yields an mistake rate on less than .1% every year, providing site visitors standard data they can trust. Learn more about how we test.

Forex Risk Disclaimer

"There is a highly high degree on risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, including cryptocurrencies, there is goodly exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory charge including mart volatility that may considerably affect the price, or liquidity on a coinage or linked instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.

Share this post