Forex Broker Reviews

Here are my forex broker reviews containing all of the forex brokers that I have reviewed over the years. Each forex broker review includes the account types, trading platforms, trading tools, educational resources, deposit and withdrawal methods, regulation, summary and an overall rating.

What is a Forex Broker?

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.

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.

In each forex broker review I remain impartial and give you my humble opinion. At the end of the day, only you can decide which is the best forex broker for you. You may wish to compare forex brokers and view my best forex brokers.