How should you go about choosing your broker? Which company is the best fit for your trading style? There have lot of options to choose a broker. Hope you can find suitable brokers to invest your money in.
Forex Brokers Comparison table – The most complete list of online Forex brokers compared by minimum deposit, leverage, min. spread and more.
Forex brokers spread comparison table – Get Forex brokers spread in real-time and get the best deal!
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Brokers by Countries
* Tax haven countries
Brokers by Regulations
Each country has its own national body for regulating its financial service industry to make sure that things don’t get out of hand. A Forex broker must be licensed in the country in which their operations are based, this is a very important regulation to look out for.
Being approved by Forex Regulatory Bodies mean that the broker maintained strict quality control standards and your business with the broker is safe.
Main Forex Regulatory Organizations:
- United Kingdom: The Financial Services Authority (FSA) UK.
- US: National Futures Association (NFA).
- Switzerland: The Swiss Financial Market Supervisory Authority (FINMA).
- Australia: Australian Securities and Investments Commission (ASIC).
- Denmark: Financial Supervisory Authority (DFSA) (Danish: Finanstilsynet).
- France: AMF – Autorité des marchés financiers.
- Germany: BAFIN.
list of Brokers by Forex Regulatory Bodies:
|FSA UK||NFA||ACP||AFSL||Banque de France|
*MiFID (Markets in Financial Instruments Directive) is ‘Directive’, not Forex Regulatory Bodies. More about MiFID from wiki.
Brokers by Trading Platform
As Forex traders we need stable and user-friendly trading platform. It is important to make sure that the platform does not freeze at high trading time such as news or events.
The table listed most famous trading platform. Which one suit you best?
|MetaTrader 4||MetaTrader 5||ActTrader||Autochartist||Mobile Trader|
|Web Trader||Mirror Trader||MYFX||Currenex||Active Trader|
|Kiwi Trader||Novativa Streamster™||PFD Trader||Power Trader||Trading Station|
Brokers by Deposit/ withdraw options
Which is payment processor that you are going to use to invest/withdraw?
Brokers by Trading Instruments
Brokers by Broker Types
There are several different types of Forex broker.
Brokers by Type of Spread
Forex brokers make money from spread (market maker, DMA, STP) or charge fixed commission per turn round (true ECN). Spread is the different between bid and ask (buying and selling) price, it can be fixed or variable.
Which is the best choice?
Fixed spread: You know exactly what you paid for when put on a trade, the spread will stay the same even in high trading activity such as news release time. List of brokers offer fixed spread.
Variable/ floating spread: Sometime spread can be as small as 1 pip or even smaller but the spread can widen up to 10 pips! List of Brokers offer floating spread.
Some broker offer both pricing model which give clients more choices. If you don’t satisfied with fixed spread you can move over to other. To Learn more about this please check account type and trading condition of brokers before opening account. List of Forex brokers offer both fixed and floating spread.
ECN Broker type charge smaller spread, the spread can be 0 pip sometime but you need to pay extra commission per turn round. Learn more about ECN Brokers.
Brokers by Precision pricing
|4 digits||5 digits||4/5 digits|