It’s easy to find the best broker in 2020. But how can you understand that these are good. Here are the full details of the best forex brokers—
- CMC Markets
Account Minimum: $0
Fees: Spread cost; Additional charge for guaranteed stops; Commissions; Overnight financing costs; Inactivity fees
Best for: Overall Forex Broker and Range of Offerings
CMC Markets (CMC), founded in 1989, is a well-established, publicly traded, and highly regarded U.K. forex broker that has successfully adapted to the ever-changing online brokerage landscape. The company is listed on the London Stock Exchange (LSE) under the ticker symbol, CMCX. Like many forex brokers, CMC does not accept U.S. traders.
Here are some pros and cons—
- Saxo Capital Markets
Account Minimum: £500 (Classic - UK)
Fees: Competitive FX Spread costs; Host of additional costs
Best for: Advanced Traders
Denmark’s Saxo Bank Group (Saxo Bank), founded in 1992, classifies itself as “a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.” The company embraced the technological advancements of the late 90s in launching one of the first online trading platforms in 1998. Saxo Bank has operated in the United Kingdom since 2006 through its subsidiary Saxo Capital Markets U.K. Ltd (SCML) and, like many forex brokers, it doesn’t accept U.S. traders.
- IG
Account Minimum: $250
Fees: Spread cost; Overnight financing costs; Inactivity fees
Best for: U.S. Traders
IG Group (IG), founded in 1974 by Stuart Wheeler "as the world’s first spread betting firm," is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) conglomerate that "empowers informed, decisive, adventurous people to access opportunities in financial markets." Unlike most brokers on this list, IG does accept U.S. forex traders, which has been the case since early 2019 when the company re-entered the U.S. market.
- FP Markets
Minimum Deposit: $100
Max Leverage: 1:500
Deposit Options: Bank Wire, VISA, MasterCard, BPAY, FasaPay, Neteller, Ngan Luong, PayPal, PayTrust88, Poli, Skrill, Transfer from Existing Broker, UnionPay
FP Markets Broker is one of the oldest and the most prestigious Forex and CFDs providers that you ever come across. Founded in 2005 and now they are considered as the first option for investing your money in the trading platform.
They are regulated by the strictest regulations in the world known as “ASIC,” and the headquarters is in Australia. In May 2020, they celebrated their anniversary and launched the new trading design that is loved by millions of people around the globe.
With FP Markets Broker in the house, you have got the tendency to roll with more than 13 thousand trading tools such as; Forex, Crypto, Commodities, Metals, and CFDs.
Here, you can see the 4 best brokers in the world. You can see more details in their official website. But one thing is for sure that these brokers has a great review. So, please read brokers review before choosing it.
Also, read AVATRADE REVIEW.
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