The Quickest & Easiest Way To TOP BEST FOREX BROKERS

The Quickest & Easiest Way To TOP BEST FOREX BROKERS , That’s just one reason why the search for the best forex broker is a complex one. Another is that there are a variety of brokers out there, many of them unregulated or only regulated in countries outside of the U.S. For our list of best currency trading brokers, we considered only those that are regulated by the National Futures Association and the Commodity Futures Trading Commission.


The Quickest & Easiest Way To TOP BEST FOREX BROKERS ,In many respects OandA and Forex.com are evenly matched, but here are a few things that set them apart. Spreads are an important part of the cost equation for forex traders, so it’s important to keep those as narrow as possible. On this score, OandA consistently had the lowest spreads in our analysis, which compared forex brokers’ live spreads on the seven major currency pairs over the course of a week.

The Quickest & Easiest Way To TOP BEST FOREX BROKERS

Its recent addition of commission pricing should be more customer-friendly, too. Forex.com’s spreads were not too far behind in second place, but even small spread differences add up for active traders. On its side, Forex.com should appeal to active traders with its recently introduced cash rebate program, part of what has made the number one forex broker by client assets as of November 2017.


For US-based investors and traders, TD Ameritrade’s thinkorswim platform is a sophisticated multi-asset desktop experience optimized for securities trading, including off-exchange spot forex and exchange-traded options and futures (including Bitcoin).


Ally also provides useful educational resources and support for beginners, and forex traders can piggyback on Ally’s reputation for customer service. Ally is a good pick if you’ve already got an account there and are looking to trade multiple products in a single place (stocks, options, currency and others), or would simply like to try your hand at currency trading. Ally uses a spread markup, and its spreads were consistently above those of Forex.com and OandA. Ally functions as an introducing broker to GAIN Capital, which acts as the account holder and trade counterparty at Ally Invest, and so Ally likely must pass on an additional layer of costs, via a wider spread, to its own traders.


High-volume traders may benefit from a commission-only broker. On this count, ATC Brokers’ flat commission pricing looks like a clear winner. The company prices its commission round turn (in other words, for both sides, when you buy and sell) and charges $1.00 per 10,000 units. One caveat: Though the broker allows trades as small as 1,000 units, that $1.00 is a minimum commission.

Updated: April 6, 2019 — 11:40 am

Leave a Reply

Your email address will not be published. Required fields are marked *