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Top forex brokers

FXTM a regulated forex broker (regulated by cysec, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

Fxpro is a broker we are particularly keen on: it’s regulated in the UK, offers metatrader 4 (MT4) and ctrader – where the spreads start at 0 pips, level II pricing and full market depth. And the best part? With fxpro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS mastercard is also available for faster deposits and withdrawals.

Fxchoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

Hotforex is a EU regulated broker, offering wide variety of trading accounts, including auto, social and zero spread accounts. The minimum intial deposit for a micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

Broker	country	regulation	platform	min deposit	review
	cyprus, UK, mauritius	cysec, FCA, FSC, FSCA	MT4, MT5, web	$10	review website
	australia, cyprus	ASIC, cysec	MT4, MT5, iress	$100	review website
	cyprus,belize, australia	cysec, IFSC, ASIC	MT4, MT5	$5	review website
	UK, australia, south africa	FCA, ASIC, FSCA, cysec	MT4, trading station, ninjatrader	$50	review website
	UK, cyprus, UAE, south africa	FCA, cysec, DFSA, FSB	MT4, MT5, fxpro markets, ctrader	$100	review website
	cyprus	cysec	MT4, MT5, web	$1	review website
	belize	IFSC	MT4, MT5	$100	review website
	cyprus, UK, south africa, UAE	cysec, FCA, FSCA, DFSA	MT4, MT5, web	$5	review website

Latest forex news

INTERPOL warns of financial scammers using dating apps

The international criminal police organization commonly known as INTERPOL issued a stark warning that more and more often financial scammers are hunting for new victims among the unaware users of dating apps. In a high priority “purple note” issued to all 194 member states, the organization warns that "the threat involves taking advantage of people’s vulnerabilities as they look for potential matches, and luring them into a sophisticated fraud scheme. Read more

President biden halts crypto regulations proposed by trump administration

Newly sworn in president of the united states joe biden freezes crypto KYC regulation proposed by the trump administration last december. The reasons the president gave for this course of action were that his appointees would need time to get familiar with the proposed rules prior to their approval. As such, any changes that the former head of the US treasury, steve mnuchin has proposed will be postponed for a duration of 60 days following the announcement made yesterday, january 20th. If they are found to “raise no substantial questions of fact, law, or policy”, no further action will be taken. Read more

Forex 3D ponzi scheme mastermind nailed after thailand police raid

The man behind one of the largest forex ponzi schemes, apiruk kothi has been arrested on the 18th of january, after a year of evading capture. He has defrauded over 8 400 thai citizens of their funds, raising an estimated total of $66 million from them. This is not the first action against forex 3D – some of the broker’s victims sought what was promised to them by filing a complaint with thai authorities when the company failed to deliver on its promises in 2019. A warrant was issued against kothi and a raid was conducted on several of forex 3D’s associates, seizing $500 000 from them. Read more

UBS: crypto prices can actually go to zero

UBS global wealth management warns that although in the near future prices on the crypto currency market may still rise, the crypto industry faces long term existential risks. The swiss company points out at the regulatory threats and central bank backed stable coins as main threats to the crypto market. Read more

ECB's lagarde calls for crypto regulation

The president of the european central bank (ECB), christine lagarde has expressed some concerns about bitcoin’s anonymous nature and the cryptocurrency’s troubled past – in her words, it has been used for some “funny business”. Lagarde has once again called for regulation, following her previous statement on stablecoins. This time the president turns her attention towards bitcoin – stating the dire need for regulation of the sector. And although some policies have been implemented – brokers that accept bitcoin deposits generally follow strict anti-money laundering procedures, lagarde does not see this as enough. Read more

World’s largest crypto-powered dark web marketplace shut down

A joint operation between the law enforcement organs of several countries lead by the german koblenz public prosecutor’s office has managed to take darkmarket, the largest dark web marketplace offline. Darkmarket has been reported to have been the home of almost half a million users and over 2 400 sellers of illegal goods – malware, stolen or fake ID cards, drugs and anonymous SIM cards. The marker was also the place where transactions with cryptocurrency worth more than 140 million euro were finalized – out of them, there are more than 4 650 bitcoin tokens and 12 800 monero XMR transferred. Read more

Crypto trading volume on paypal hits new record

The volume of crypto transactions executed via paypal's newly launched crypto-purchase service reached a fresh record of $242 million on monday. For reference, the previous highest volume was almost twice as low - $129 million. The payment provider’s recently added feature has done a lot to make crypto trading more accessible to the retail user with the ability to exchange cryptocurrencies on the fly. For now that is only available to users in the US. However, paypal has expressed interest in expanding the availability of the service to choice markets in europe in the beginning of 2021 as well. Read more

UK’s FCA warns crypto investors to prepare to lose everything

The financial conduct authority (FCA) in the UK said in a stark warning to crypt investors that they should be prepared to lose all of their money. The warning comes after a day of high volatility on the crypto markets, when some 200 billion USD were wiped out of the combined value of all digital currencies. “the FCA is aware that some firms are offering investments in crypto assets, or lending or investments linked to cryptoassets, that promise high returns. Read more

FCA UK crypto CFD ban now in effect

Cryptocurrency derivatives – crypto cfds for example - are now not accessible to retail traders on the UK markets, as a ban introduced by the country’s financial conduct authority (FCA) in october 2020 went into effect yesterday, on the 6th of january. The FCA banned the provision of the assets noting their incredible volatility. This sentiment was perhaps justified recently, when amidst a huge scandal and two lawsuits, the price of the XRP token fell sharply, by more than 60%. Bitcoin, the most valuable crypto asset has also seen incredible plummet in value recently – from over $34 000 to just over $29 000 in the span of a single day. Read more

XRP overtaken by litecoin after yet another lawsuit filed against ripple

Fintech company ripple faces yet another challenge after the US securities and exchange commission (SEC) filed a lawsuit against it – this time from one of their partners – tetragon financial group. The company has requested that their preferred stocks in ripple be refunded, and has also filed complaint against ripple in a court in the state of delaware. Following that development, the price of ripple’s token, the XRP has suffered another hit, dropping by 5%. Although the price of the asset has somewhat recovered at time of writing, the XRP market cap was overtaken by litecoin’s own, whose LTC token briefly became the third biggest cryptocurrency on the market. Read more

Newest forex brokers

broker	country	regulation	platform	min deposit	review
	marshall islands/ UK	no	1000 EUR	review
	USA	no	N/A	N/A	review
	marshall islands	N/A	web	$250	review
	SVG	N/A	web	$250	review
	N/A	N/A	N/A	$250	review
	australia	no	MT4	N/A	review
	marshall islands, UK	no	MT4	N/A	review
	SVG	no	$99	review
	lebanon	CMA	$10000	review
	SVG/ UK	no	MT4	$500	review

Forex bonus programs

50% forex bonus by octafx

With its new promotion program octafx grants its clients a 50% trading bonus on each new deposit. The bonus funds are fully withdrawable after reaching a certain trading volume equal to the bonus amount divided by half in standard lots. For an illustration purpose, if you deposit let say 400 USD, your 50% bonus will add up another 200 USD to your account. And after you trade 100 standard lots (you can do that quite easily using leverage as high as 1:400), you will be able to cash out both the bonus and the profits generated with it. Bear in mind that with a 50% trading bonus, your profits could be 50% higher. Read more

FXTM’s loyalty programme offers cost reduction of up to 25%

Global award-winning brokerage FXTM currently runs a loyalty programme that allows its clients ro reduce their trading costs by up to 25%. By reducing the cost of every trade from 1$ to 5$ per standard fully completed lot, the broker actually provides traders with more vbalue for their dollars. All you have to do is open a live account with FXTM and not participate in any other active programme of FXTM. This cost reduction programme is availeble to standard or ECN zero accounts, which require an initial investment of $100 or $200, respectively. It is applicable to the following trading instruments: all forex, cfds (excluding cfds on shares), precious metals and commodity futures. Read more

Choose your 100: 100% deposit bonus & trade 100 bonus from FBS

End date: N/A who grants it? FBS is an international regulated broker performing globally in 19 languages for over 13 million clients. The company operates under the IFSC and cysec licenses in 190 countries, and won over 40 international awards for the most diverse and secure services. Who can get it? New and existing clients who open a special bonus account. What’s the catch? Both bonuses help traders boost their income with two different techniques. • 100% deposit bonus doubles your deposit, allowing you to get up to $20,000 to the deposited funds. • trade 100 bonus gives you free $100 for trading. Read more

$88,8 welcome no-deposit forex bonus by FBS (available to clients from malaysia)

Who grants it? FBS - an award-winning broker licensed in belize, that has more than 8 years of experience in the forex industry. It offers its clients competitive trading conditions, wide range of trading accounts, payment methods, several trading platforms, as well as various promotions. Who can get it? The lucky bonus $88,8 is a special offer to malaysian traders who open new accounts. Each new client from malaysia can get the $88,8 no-deposit bonus after opening a special account and verification of his or her e-mail and phone number. What’s the catch? Everything about this bonus is somewhat related to the number 8. Read more

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Best forex broker?

There is no such thing as a best forex broker. While all traders share the same ultimate goal - to make profit - they are all different in skill level, portfolio size, trading style and strategy, etc. In other words, my best forex broker might not be your best broker and vice-versa. There are, however, factors that you can use as pointers when choosing a broker.

• Regulation: check where your broker is based, what regulators it reports to, what licenses it holds, etc. Brokers do go broke and while this happens rarely, you would want to know your money is protected.


• Trading platform: most brokers offer the industry's most popular platform - metatrader 4 (MT4), but many also support their own platforms that are usually just as good.


• Execution: you can choose between ECN/STP/NDD and dealing desk execution. ECN brokers serve as mediators between traders and liquidity providers, charging a small commission for that; brokers who offer dealing desk trading (also known as market makers) trade against their customers but are able to offer tighter spreads. There's no saying that one type is better than the other - it all depends on your trading strategy and style.

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Forexbrokerz reviews

21 • average

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Reviews 21

Worst experience

Worst experience!
This page is SCAM!
As soon as I requested payout my account was suspended and I could not log in anymore. Then I got in contact with
www. Traderecovery. Net
they were able to get my money back as promised.

Wonderful!

Wonderful!
My experience with this company is terrible. I lost my money to this people and no one was talking about a way out of the mess. The customer care representative I spoke to kept saying there’s nothing they could do and then they stopped picking my calls or replying my mails. It was after I involved ( www. Traderecovery. Net) who filed a suit against them that prompted them to return my money.

Unbelievable.

Unbelievable.
I got back my refunds with the help of mr michael jones and his team.He has helped me recover both my deposit and profit.
Check telegram for him, search; mik114

These people are scammers and will keep…

These people are scammers and will keep everything you deposit with them. Stay well clear. I managed to get everything refunded with help of lorilynnbellaire56 at outlook ‘’ ‘’com
finally i can smile again!

At first it was strange to work with.

I’m a trader for more than a month, so far I only trade in currency pairs. My manager is preparing me for the transition to cryptocurrency, as I wanted. At first it was strange to work with the company, during the verification there were many questions, especially about such a thorough process.

These guys are a scam and also operate…

These guys are a scam and also operate under the website theforexreview.Com . They copy and paste the same review for all the brokers they post negatively about. They defame the brokers they review then pump their main brokers they get a commission from. They don't do any proper testing of the brokers they defame, its all to get ib refs and gain clicks and seo .

Demander de l'aide

Always make your background check up on any scheme you plan to invest on. Après mon expérience horrible avec coinmarketcap et cie. Je ne pouvais pas simplement m'asseoir et espérer que le service à la clientèle de ces systèmes soit efficace. Seek help from trusted experts like cryptobaserecovery8@gmail. Com or make your personal research on experts for your funds.

It is very clear that they are thiefs

It is very clear that they only promote brokers with whom they have agreements. If you try to publish a good comment about another broker it is not published, if you publish a negative comment it immediately appears. If you contact them they do not answer. They also do not have a phone or address were they are based. It is just one big SCAM set up.

This is a scam site

This is a scam site, I used a forex platform because of their reviews and I was scammed of $12k it turns out they partner with these forex plaforms to scam people of their hard-earned money.
Luckily I was able to get my money back when I contacted them at fundsrecovery. Ltd

Forexbrokerz say do not trust…

Forexbrokerz say do not trust unregulated brokers because there is no government to force them to pay withdrawals. The bad reviews you see of forexbrokerz are posted by unregulated brokers which are all scams .Two of the worst brokers are CFDS100 and kingsman global limited who manipulate the trades to con you into putting more money in.

Don't buy "crooked stanimir's" tricks for a second.

Forex brokerz is a total FRAUD website promoting only those who pay them referral and affiliate marketing commissions for traffic. The website is owned by stanimir zhelev who has been responsible for many other fraud sites that promote binary options scams and worse. A very shady character to say the least. Any broker with a high rating on this site is paying stanimir for the positive review. Don't buy "crooked stanimir's" tricks for a second and do your own research.

Best forex brokers for 2021

Brokerage companies are scattered all over the world and have many differences in trading conditions, products and services. Some companies are regulated, others are not. Some have been around for decades, others are rather young. Certain brokers work as market makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer a much larger selection of underlying assets for trading. This site was created to help you find the best forex brokers for your specific needs and requirements. There are several sections and filters in the menu on the left. These can be used to create a custom list of entities with preferable parameters and characteristics. If you find a certain broker you are currently trading with or have used before, feel free to share your experience about it in the comments section meant for forex broker reviews.

The forex brokerage business has undergone a lot of evolution in the last decade. The global financial crisis of 2008 and the events that happened thereafter have reshaped the industry. At about the same time, new technologies came up and also contributed to the evolution of the forex market and forex brokerage business. It is important for traders to understand what forex brokerage is all about and how it will affect their trading ventures. Before we get to meet the best forex brokers for 2021, it is pertinent to identify the role that forex brokers play in a trader’s career and why it is important to go with a forex broker that can match your circumstances and aspirations.

Role of forex brokers

Forex brokers have several roles to play in the market. These roles have also evolved over time, as traders demand a lot more from their trading providers. Forex companies now perform the following roles:

A) access to the market

This is the core role of the forex broker. The forex market is a virtual market with no physical location. At the centre of forex market operations is the interbank market, where the big banks offer various currency pairs for sale. Professional and individual traders therefore do not have to proceed to a physical location to trade, but rather have to have a means of accessing the interbank market. They can only gain access to the interbank forex market using software known as platforms. These platforms are provided by the forex brokers. So without the brokers, nobody can get access to the forex interbank market to trade.

Access can be provided directly using the ECN/STP platforms (also known as direct market access platforms), or indirectly using the market maker platforms that route orders to the broker’s dealing desk. Traders should as much as possible, try to understand the implications of getting direct access to the FX market on one hand, and getting indirect access on the other. The type of access granted will determine factors such as amount of capital to start with, as well as the trading styles and processes to be adopted.

B) trader education

This is gradually but surely becoming a very important element of the forex broker’s functions. Research has shown that 90% of retail traders will lose 90% of their accounts in 90 days. This is a well-established market statistic. Majority of the losing traders (if not all) are traders who are uneducated about the market and who do not understand how to trade profitably. These will end falling by the wayside. No broker wants to spend money acquiring clients, only to have them quit the market after decimating their accounts in 90 days. With brokers realizing that such an arrangement is not good for business in the long run, many of them are now investing significantly into trader education. Videos, articles and webinars are the common means by which beginner traders are given an introduction into the forex market.

C) market research

Once traders get established on the platforms using trader educational resources, their trading activities can be sustained via the provision of market research tools, analysis and news feeds. Many brokers have incorporated this into their offerings as well. For the trader, this is a good thing.

Criteria to consider in choosing a forex broker

The criteria for choosing a forex broker have evolved over the years. While there are still some elements that are critical to the choice and which have remained constant over time, there are other parameters which have emerged and which will be considered below.

1. Spreads/commissions

Spreads are the primary cost to the trader. Lower costs mean that the trader will have a chance to retain more profits, or at least reduce the losses that may be incurred. Competitive spreads are now a factor used in broker selection. It may not be immediately obvious how much savings on spreads can translate to, but high volume traders such as scalpers know that when up to 300 trades are placed in a month, then savings from reduced spreads can be substantial.

2. Leverage

Leverage in forex is now a big deal. What started off in 2010 when leverage caps were introduced in the US by the commodities and futures trading commission (CFTC), has now been extended into the united kingdom and europe. Retail traders in the UK and EU have seen leverage caps reduced from as high as 1:500, to just 1:30 for major forex pairs. Minor pairs and cfds have even tighter leverage limits. This has increased margin requirements significantly. However, some brokers outside these jurisdictions have continued to maintain the high leverages, thus attracting traders who were caught out by ESMA’s decision. Some of the UK/EU brokers have also opened international divisions, where their international client accounts are being migrated to. So traders now have a choice of operating with the low leverage brokers, or the high leverage ones.

3. Regulation

Regulation will continue to remain a key factor in broker selection. Regulation ensures that traders are protected and that the trading environment is transparent and secure. The brokers presented on this site are regulated in their respective areas of operation, which ensures that traders who open accounts with them are assured of safety of their funds.

4. Broker type

A mention has earlier been made about direct and indirect access to the interbank market. As a trader, you need to know how each type of access will affect you. Market makers provide indirect access because they buy positions from the interbank market and resell them to their clients using a dealing desk. Market makers usually require smaller amounts of starting capital, provide fixed spreads, and tend to have more slippages and requotes. They provide a low barrier for market entry.

ECN brokers on the other hand, provide direct market access. They require large amounts as initial capital, provide variable spreads, but do not have slippages and requotes. However, they charge commissions on trades in addition to spreads. At the end of the day, the trader’s financial capacity will determine if a market maker or an ECN broker will be selected for the trading venture.

5. Trading resources

Trading resources are generally tools that are provided by a broker to enhance the trading experience and potentially improve a trader’s trading outcomes. More is not always better. In this case, it is about finding the broker that has the right mix of trading resources that cover analysis, news and market insight.

6. Customer support

Customer support can now be offered using a variety of means that were not in existence 10 years ago. Social media channels such as facebook and twitter, as well as messaging apps such as telegram can now serve as channels for receiving near-immediate responses from a broker’s customer support desk. Choose a broker with a diversified customer support structure which deploys these new means of communication.

Our list of forex brokers

The list below features best forex brokers selected by us for 2021 year. This list has been prepared after due consideration of all the factors mentioned above. In this list, you will find many brokers that are offshore brokerages with high leverage, or offshore divisions of EU/UK brokerages that can provide high leverage trading platforms to their clients. Feel free to read our forex broker reviews and make an informed choice based on the contents of this website.

Fxdailyreport.Com

Till about a decade ago, you had to make use of the telephone if you wanted to invest in the financial markets. You had to call up your broker for placing as well as closing orders. Introduction of online trading has, however, simplified every aspect of the investment process. You can carry out trades from the convenience of your home or on-the-go using the platform provided by brokers. Sounds simple, but the problem is there are umpteen number of forex brokers that offer trading platforms out there in the market. And, you need to work with the best forex broker if you want to achieve your financial goals. So, it all boils down to identifying the right broker to work with and it is definitely not an easy task. Read on to find out as to how you can identify the best forex brokers. In this post, various aspects you need to take into consideration when choosing a forex broker are discussed in detail so that the selection process becomes simpler and easier for you.

Top recommended and the best forex brokers for 2021

Broker	info	bonus	open account
	min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
	min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
	min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
	min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
	min deposit: $100 spread: starting 0 pips leverage: up to 400:1 regulation: FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
	min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
	min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
	min deposit: no minimum deposit spread: 1.2 pips leverage: 50:1 regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
	min deposit: $10 spread: leverage: regulation: cysec	-	visit broker
	min deposit: $200 spread: from 3 pips leverage: 400:1 regulation: NFA, FCA, cysec	visit broker
	min deposit: $100 spread: starting 0 pips leverage: up to 500:1 regulation: FCA UK, ASIC australia, MAS singapore	visit broker
	min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS	30% forex deposit bonus	visit broker
	min deposit: $250 spread: as low as 0.1 pips leverage: up to 400:1 regulation: ASIC australia and FCA UK	visit broker
	min deposit: €100 spread: the spread can be as low as 0.01%” (0.01% = spread for EUR/USD) leverage: 1:294 regulation: ASIC, cysec, FCA (UK)	visit broker
	min deposit: $100 spread: starting from 0.9 pips leverage: 400:1 regulation: MIFID, FSB & ASIC	visit broker

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Main parameters to be checked for identifying the best forex brokers:

#1: regulations and licenses

It is highly recommended that you choose only forex brokers that are regulated or authorized by leading regulatory bodies such as commodity futures trading commission (CFTC), national futures association (NFA) and financial conduct authority (FCA in UK), among many others. This is because regulated brokers are more reliable than their non-regulated counterparts. Further, your hard earned money remains safe with such brokers for two reasons: they will be appropriately capitalized and they maintain segregated accounts for theirs as well as traders’ funds.

#2: forex trading platform

The online trading platforms that recommended forex brokers provide would not only be simple, but also intuitive and easy to operate or navigate. It, therefore, makes sense to try out a few online forex platforms and see for yourself as to which one has a better user interface and is easily navigable.

#3: customer support services

Customer support is a key aspect that you need to evaluate. Best fx brokers would often be aware of the needs of the traders and provide good, efficient and responsive customer support services. During the course of trading forex on an online broker’s platform, there will be times when you need certain time sensitive clarifications. If the customer support service of the broker you are planning to work with is not good enough, you could end up losing money. It is, therefore, recommended that you evaluate the brokers’ customer support service both by speaking to their representatives on telephone and by communicating with them through email.

Leverage offered for forex trading varies from one broker to another. If the leverage is high, the trader can make more profits. However, the risk of accumulating losses is also equally higher. Therefore, you should choose a broker that offers leverage suiting to your needs and based on your style of trading.

Brokers often try to attract you by offering high capital bonuses when you make your first deposit. This is good because you get more money for trading. You can choose the broker that offers the highest first deposit bonus, but you should make sure other aspects discussed above and those that are discussed below suit your needs.

#6: deposits and withdrawals

It is important that you understand the brokers’ policies related to deposits and withdrawals. The features to be evaluated when choosing top forex brokers are minimum amount to be deposited to start trading, deposit methods offered, currency options provided, minimum withdrawal amount specified and waiting time for withdrawals, among others. Further, it makes sense to go through all other written policies in detail.

Brokers make money by charging a fee for each of the trading transactions that you execute on the forex trading platform provided by them. As far as the broker and you are concerned, the significant source of revenue would be the spread, the difference between ask and bid prices. It pays, therefore, to check as to how the brokers you have shortlisted handle spreads:

Do they offer fixed or variable spreads?
What is the average and maximum spread for the currency pairs that you are planning to trade?
What spreads are offered when the volatility is very high?
Do you have to pay any commission for each trade apart from the spread?

Before buying a car, you always go for a test drive. Similarly, look for forex brokers that offer demo accounts. This helps you to open a practice account. You can try out their platform and find out for yourself as to which of the shortlisted brokers is best suited to your requirements. Most brokers offer practice accounts these days. So, it is easy for you to get a feel of the brokers’ platform before committing to depositing money and trading.

#9: other parameters for identifying the best forex brokers

The forex brokerages that offer very low account minimums can be considered for evaluation under the category “best forex brokers”. This is good because you don’t have to deposit large amounts of money in order to trade forex. Minimum account balance can be as low as $5 in the case of some of the reliable forex brokers.

Online forex brokers often try to snatch business through promotions. Do not fall prey to their sales gimmicks. Best forex brokers would never make unbelievable and unachievable promotional offers. It is true that cash and prizes form part of the game, but they should be reasonable.

Another aspect to look for when evaluating online forex brokers is the educational services offered by them. This helps you to master the art of forex trading. Brokers that provide you with a variety of educational tools for assisting you in assessing the forex market are the best forex brokers to work with.

Why expert traders trade with regulated forex brokers

If you’re looking to become a successful forex trader, then working with a skilled and trustworthy broker is very crucial. In the forex market, the two main types of brokers you’ll get include the regulated and the non-regulated brokers. Obviously, the former typically operates under regulations stipulated by a forex regulator. Regulated forex brokers must also be fully licensed and registered in their country of operation, unlike their non-regulated counterparts.

Role of regulation

Of course, the role of regulation in forex market cannot be underestimated. Regulation ensures that all players in this booming industry are strictly supervised. This way, merchants are protected from the many unscrupulous traders out there looking to swindle them off their hard earned money. Another thing, regulation also builds trust between merchants and their brokers, since most merchants don’t have enough time to monitor every investment.
Let’s take a quick look at some of the leading regulatory agencies:

• CFTC and NFA: commodity futures trading commission and national futures association, regulate the financial services sector in united states of america (USA).


• Cysec: the cyprus securities and exchange commission is the regulatory watchdog within the cysec domain. It offers services to the EU member states.


• FCA: the financial conduct authority regulates the operations of over 56,000 financial services and companies in the UK.


• ASIC: the australian securities and investment commission regulate the financial services sector in australia.


• FSB: the financial services board is a south african agency which oversees functioning, regulation, and licensing of south african forex brokers.


• Bafin: bafin is a financial supervisory authority providing its services to forex companies in germany.

Advantages of regulated forex brokers

With regulated brokers, you’ll always have some peace of mind when carrying out your real-money transactions. To expound more, here are the main reasons why expert traders prefer regulated brokers:

1. Credibility

It’s an open secret that most of us like to deal with trusted organizations, especially when money is involved. That being said, the credibility of any forex broker is greatly enhanced if the company is regulated by the relevant agencies. Remember that all regulated forex brokers are mandated to follow some strict rules put in place by their respective regulatory bodies. Furthermore, their regulatory bodies expect them to regularly present a copy of their audit report. Therefore, if a broker is listed on its regulatory body list, then it’s safe to say that the forex broker has fully complied.

2. Compensation

Getting compensated in case of any unfortunate scenario is arguably the best reason why most expert traders opt for regulated brokers. With most regulated brokers, you can rest assured that all your hard earned money will be refunded in case your brokerage firm goes down. For example, brokers operating under cysec are required to remit their contribution to the ICF (investor compensation fund). This pool of funds is to help settle any form of customer claims in case of any eventuality.

3. Effective customer service

Before choosing a forex broker, it’s always recommended that you settle for one who can effectively and immediately resolve all customer issues. In this case, most regulated brokers are always competent enough when dealing with technical support or account issues. In addition, they are very helpful and kind during the whole account opening process.

4. Quick deposits and withdrawals

Any reputable forex broker will allow their merchants to make deposits and withdrawals without any hassle. A regulated broker should have no reason whatsoever to make your earnings process difficult because they don’t have control over your funds. All they have to do is to facilitate the platform to make it convenient enough for you to trade.

5. Updated trading platform

Most regulated brokers are mandated by their respective regulatory authorities to provide their clients with the latest, powerful, and easy-to-use trading platforms. In fact, most of their platforms will readily provide you with all that you need to begin trading immediately. You’ll get a lot of educational materials including webinars, videos, articles, seminars, and e-courses at no extra charge. It goes without saying that regulated brokers also offer their clients free demo accounts to help them sharpen their skills before going live.

6. Legality

All over the world, governments are struggling to deal with issues concerning money laundering. Some of them have even gone ahead to pass very strict anti-money laundering laws. So to be on the safe side, you should always trade with a regulated broker. Most regulated forex brokers will ask you to provide some of your personal identification documents such as proof of address and photo ID. This might sound tedious to you but it’s always safe to be part of a regulated organization that can prove your money is being used in a legal way.

To sum it up, regulated forex brokers are always the best as well as the safest option to trade with. This is because they are always ahead in terms of legality, security, and safety of your funds. All in all, you can manage your risks better if you opt for a regulated forex broker.

Understanding true ECN vs STP broker

The foreign exchange market, also known as currency market, is a universal decentralized market that provides traders an opportunity to trade currencies. It is a market which incorporates all aspects of buying, selling, and exchanging currencies at the present-day or determined rates.

There are different kinds of forex brokers that you can choose to trade forex with. However, though all the brokers in forex are intended to provide a similar basic solution, the way they operate behind the scenes is different. Different types of brokers have varying techniques of operation, and the specific broker you cooperate with can significantly determine your success rate as a forex trader. Here are some crucial factors that will enable you determine which broker between a true ECN and STP broker is the best one to trade forex with:

Understanding true ECN vs STP broker

True ECN i.E. Electronic communications network brokers operate without their individual dealing desk. These brokers provide an electronic trading platform where professional market makers at monetary organizations such as banks, and other online trading participants including traders can enter bids and offers through their particular systems.

STP i.E. Straight through processing brokers are brokers without a dealing desk also. These brokers apply some of the techniques utilized by market makers to provide their particular clients with trading conditions which are more flexible. By STP brokers hiring some of the tactics of market makers, they are able to bypass the limitations connected to trading exclusively within the interbank market.

General overview of true ECN and STP brokers

• Use of scalping techniques

True ECN and STP forex brokers do not care about how much their particular traders make. Therefore, these types of brokers allow traders to utilize scalping techniques to close their respective positions. Note that false ECN and STP brokers cannot allow you to use scalping techniques as a trader since they will be disadvantaged anytime you make small profits.

True ECN and STP brokers are types of forex brokers without a say when it comes to control on spread provided. These brokers have no control on spread offered since it’s the liquidity provider that determines the spread which is to be provided.

Though true ECN and STP brokers can add markups when necessary, they cannot in any way take it further down than the amount provided.

Difference between true ECN and STP brokers

• Commission charged

On true ECN accounts, as a trader you will be required to pay a fixed commission to open and close trades. The spreads offered on true ECN accounts are determined by the rates of liquidity providers.

When using STP accounts as a trader, you will not be required to pay any commissions.

Pros of trading forex with a true STP broker

• Cannot bankrupt themselves

True ECN brokers cannot trade against their specific clients to bankrupts themselves.

• Similar price rates

If you are a forex trader, trading with a true ECN broker means you are guaranteed of price rates that are similar to those of the interbank market.

• Negative balance protection

As a trader utilizing the trading account of a true ECN broker, the broker will be accountable for any dues with liquidity providers should your account read negative as a result of any reason beyond their control.

Cons of choosing a true ECN broker

Dealing with a true ECN broker will require you to pay rollover fees and commission at times.

Pros of trading forex with an STP broker

• Their rates and the interbank prices are same


• They provide their clients low entry capital requirements

Cons of choosing an STP broker

Choosing an STP forex broker means when you enter a trade you’ll not be informed what spread to expect.

Most true ECN and STP brokers are linked to several liquidity providers at the same time period. Despite both true ECN and STP brokers having incredible trading solutions which can meet your needs as a trader, their terms of operation vary. Whether you will choose a true ECN or STP broker, the rule of thumb is always ensuring you minimize losses and maximize profits as much as you can when trading forex. Ensure you compare carefully the terms of service of both a true ECN and STP broker before you choose one to handle your trading needs.

List of the best 23 forex brokers | trusted reviews

Are you looking for a good and serious forex broker? – then this page is the right place for you. Thanks to the large selection on the internet it is often difficult to make the right decision. With more than 7 years of experience in the financial markets, we present you with the best providers with top service and without hidden costs. Find out in the following texts how to select a secure forex provider and which online broker offers the best conditions.

Broker:	review:	regulation:	spreads:	assets:	advantages:	open account:
1. Bdswiss	(5 / 5) ➜ read the review	cysec, FSC	starting 0.0 pips + $ 2.0 commission per 1 lot	250+ (50+ currency pairs)	+ individual offers + trading signals + raw spreads + leverage up to 1:500 + best education + personal support

Watch our full video review about the best forex brokers (risk warning: your capital is at risk):

Strict criteria for the forex broker review

In contrast to many other comparison sites, we present you on this website only the safest providers with the best conditions for traders. As experts with many years of experience, we have tested many forex brokers and still use some of them. A good provider should have certain characteristics that guarantee good and safe investing.

It is not uncommon to hear of fraud on the internet. This is to be avoided by this comparison. In addition, one would like to save on charges as a trader because the costs for the trade reduce of course the actual profits. Also, the security of customer’s money is of high priority. A regulation or license, for example, is urgently needed for secure trading with international brokers. All these criteria and many more are included in the test. Therefore we can present you on this page the best forex brokers in a list.

Proven facts for a good forex broker:

• Regulation and license of an official finance authority


• High safety of customer funds


• Fast and reliable market execution


• Small forex trading fees and no hidden fees


• No requotes (high liquidity)


• User-friendly trading platform


• Free and unlimited demo account


• Professional support


• Fast deposit and withdraw methods

How does a forex broker work?

A forex broker is an intermediary between a client (trader) and the interbank market for currencies (wikipedia). In addition, the broker can lend capital to the trader so that he can trade with leverage. The broker’s income is generated by the spread and the cost of financing the leveraged positions.

There are 2 different models of brokers: market maker and ECN/NDD broker

Example of live spreads for forex brokers

Market maker:

This broker does not place the trader’s orders directly into the real interbank or spot market. There is an internal matching system between the positions of the traders. Of course, the broker can hedge himself on the real markets so that there are no distortions in supply and demand. In most cases, this system can be opaque, and only as a broker employee, you know the exact functions. A market maker forex broker is not bad or scam. Nowadays, most providers offer good and exact executions.

ECN/NDD (no dealing desk) broker:

ECN and NDD mean direct access to the interbank market through various liquidity providers. These are large banks or very large forex brokers. The provider places the trader’s orders directly into the real market. So the customers get direct and real market prices for trading. With this model, there is no conflict of interest between trader and broker. Zero (no) spread accounts are offered.

Warning: only trade with regulated and licensed forex brokers

Security has the highest priority in online trading. When it comes to trading leveraged financial products, you have to be able to trust the forex broker. It is not uncommon for large sums of money to be used to generate a large profit. For example, brokers in europe must have regulations or licenses if they want to offer their services. The regulation can be in any european country. The same or almost the same requirements apply to brokers everywhere. In order to avoid fraud, it is important to look for such a license.

Licenses are only issued under certain conditions and criteria. If a broker violates these conditions, the license may be withdrawn immediately. All tested companies of mine are always concerned to keep the highest criteria and to guarantee a safe trade. Many brokers, for example, are regulated in cyprus. This has tax advantages. Nevertheless, there are also forex brokers with more than one regulation. The various regulatory authorities can be seen in the table above.

Facts of reliable and secure companies:

• Regulation and license


• Separated customer funds


• Regulated deposit and withdrawal methods


• Using well-known banks


• Large liquidity providers

Another important point for serious trading is the security of customer funds. Payouts of winnings or the deposited amount should work smoothly. It was not uncommon for some brokers to speculate on customer funds themselves. In the end, withdrawals were refused or delays occurred.

How risky is forex trading?

Forex trading is managed by leveraged financial products. That means you are able to trade a bigger contract size than the amount of money in your account. Some brokers offer the leverage up to 1:3000. Many traders are afraid of the obligation to make margin calls and this is not without reason as the past has shown. Account balances could slip into the negative balance. This is possible due to extreme market situations and too large a position size in relation to the account balance.

The providers shown above all have no obligation to make additional contributions (except IC markets and vantage FX). With the providers in the upper table, you are therefore protected against such a scenario. In our experience, this can only happen if the account is too heavily leveraged. You should always beware of sensible risk management.

Beginners should always start with the free demo account to practice forex trading.

A demo account is essential for successful trading. The trading column form and conditions can be tested extensively with this account. It is a virtual credit account that simulates real money trading. It can be traded without risk. This means that new strategies can be developed or new markets tested. The demo accounts of the compared providers are completely free and unlimited. This account is best suited for entry into forex trading.

How to deposit and withdrawal money:

For most traders, the first deposit into their account is very exciting. It should work smoothly and be highly secure. Forex brokers offer well-known and proven payment methods. Capitalize the trading account with electronic methods (credit card, e-wallet, paypal, crypto) or with the classic way of bank transfer. Electronic methods work in real-time and the money is credited directly to the trading account. Trading can be started immediately. The minimum deposit at the compared brokers is very low. For example, you can open an account from as little as 1$. If this is worth it, you have to decide for yourself. There are no fees for deposits.

Example of payment methods of a forex broker

The payout is also very uncomplicated. With a few clicks, you can request a withdrawal on the menu. This is then released in 1-3 working days. However, most brokers payout customer money in less than 24 hours. All presented brokers passed this test. The fees can be high for small payouts. With payments over 200$, the most forex brokers take over the fees but some brokers do not charge any commissions.

Facts about the payments:

• Instant deposit of money


• Fast withdrawal within 1 – 3 working days


• Electronic methods (skrill, neteller, paypal, and more)


• Cryptocurrencies


• Bank wire

Not every country is available for forex trading

Not every country is available for forex brokers and trading. This is because there are some restrictions and special regulations. For example, in some countries, an international broker needs a special license for that specific country. So it is too much afford for some companies to get the license and they stop taking clients from these countries. You can clearly see on the homepage which clients they accept. Not many brokers accept clients of the united states of amerika.

From my experience, the fastest-growing countries are in africa and asia. Because of the development of mobile internet, more people get connected to the forex market. India, nigeria, philippines, malaysia, and china are at the moment the fastest-growing countries.

Is forex trading legal?

Forex trading is fully legal if there is not any ban from the government. Forex trading is just changing money into another currency. This is not an illegal practice. The brokers on my review got official regulations so they act fully legal.

Review conclusion: start trading with a reliable forex broker

On this page, we have presented you with our current list of the top 23 forex brokers in comparison. Now you have a selection of good and reputable companies in front of you. It was particularly important to us that we only present providers here, which we have tested by ourselves with real money. This is not the case with most comparisons.

Profit now from the most favorable fees and the best conditions by my experience of many years. With these providers, you are 100% safe and can take your forex trading to the next level.

We hope you could learn something in this comparison and act now with better providers through my recommendations. If you can’t make up your mind, please also read the reviews.

Successful forex trading requires a good and reliable broker. In this review, we showed you the top 23 secure forex brokers. Now you can choose your professional trading partner.

Is forexbrokerz.Com legit?

The rank of the website you are interested in is:

Reliable. Legitimate. Secure.

The rank is based on a 1-100 scale, with 100 being the most reputable.

The short answer to the question above is yes. The forexbrokerz.Com is well-known (maybe not to you until today) and safe to use. However, there are a few other things that you need to know. As usual, VLDTR® put to use 50+ critical factors to authenticate if forexbrokerz.Com is legitimate. Let's take a look at this company and its forex trading niche.

The scam detector’s algorithm gives this business the following rank:

81.9/100

Our robust validator tool confidently provided this rank due to an intelligent algorithm created by our fraud prevention specialists team. Let's see why forexbrokerz.Com got this rating.

Details

Thursday 20th, november 2008 12:00 am

Not detected by any blacklist engine

Forexbrokerz.Com : forex trading

As forexbrokerz.Com is part of a busy forex trading sector but doesn't have a top rating yet, we tried to scrap a paragraph from the website's metadata (below) to see if it is done right:

Forex brokers review and rating ★ list of ECN brokers ★ MT4 brokers ★ micro forex broker ★ spread and slippage comparison ★ forex arbitrage

Let's dive into the non-biased forexbrokerz.Com review and more.

Forexbrokerz.Com review

Our powerful VLDTR® tool finds forexbrokerz.Com having an authoritative high rank of 81.9 . This means that the business is reliable. Legitimate. Secure.

The algorithm generated the rank relying on 53 relevant factors. In this particular case, the most important ones signaled public feedback, social media mentions referring to customer service quality, and the alexa rank. Another one that seemed to be determinant was the forexbrokerz.Com 's DA, which is the domain name authority.

Other influential factors were, but are not limited to, references in online media publications, the IP address, and minor discrepancies on the website.

Forexbrokerz.Com : scam or not?

In conclusion, is forexbrokerz.Com a scam? No, it is not, but you need always to pay attention to details and use common sense when engaging in online transactions of any kind.

In many cases, the trendier a website becomes - whether it is from the same forex trading field or not - the more complaints it gets (compared to positive reviews). Think banks, electricity companies, or amazon. They are 100% legitimate organizations, but there are always hiccups and occasional errors.

There are always complainers for everything - including for forexbrokerz.Com - but it doesn't mean the company is a scam. You need to learn to make the difference between the platform and its users (in general, not necessarily in this particular case).

We take pride in our scam detector VLDTR® tool and in the fact that the rankings can't be rigged or bought. The ratings are not based solely on reviews that people leave on specialty websites but an intelligent aggregation of powerful factors.

Best bitcoin brokers

Every successful investor and trader should consider adding bitcoin and other digital assets to a well-rounded and diversified portfolio. Read on to discover dailyforex’s picks for the best bitcoin brokers (based on reviewing over 100 bitcoin brokers on eleven criteria) so that you can choose the right one for you.

Best broker for social traders and crypto traders : 75% of retail CFD accounts lose money

Best broker for social traders and crypto traders : 75% of retail CFD accounts lose money

Wide range of cfds + trailing stop losses

Cysec, FCA, ASIC, FMA, FSB, MAS

Wide range of cfds + trailing stop losses

Highly regulated, choice of fixed or floating spreads

Mifid, central bank of ireland, FSA, ASIC, BVI, FFAJ, FSCA, ADMG - FRSA

Highly regulated, choice of fixed or floating spreads

Great ECN execution on MT4 platform

Great ECN execution on MT4 platform

Excellent educational offerings

1:500 (ASIC entitiy only), 1:30 cysec retail, 1:300 cysec pro

Excellent educational offerings

Bitcoin industry overview

Bitcoin officially launched in 2009 but was a pure retail phenomenon for many years until 2016 when its price began to increase exponentially. It formed a massive bubble which burst in december 2017 after just failing to hit $20,000. This dramatic increase created many new retail millionaires before the crypto winter of 2018 sent it spiraling down to below $3,100. It was a necessary development, allowed bitcoin to mature, and attract institutional capital. Regulators around the globe warmed up to this new asset class. The covid-19 pandemic of 2020 led to panic selling by retail traders while professionals dumped bitcoin to meet margin calls for equity portfolios. This led bitcoin down to a reaction low below $4,000 from where it launched a strong recovery. By the end of 2020 bitcoin was again close to its all-time high price. Bitcoin remains volatile but also possesses tremendous profit potential. More companies have added bitcoin to their balance sheets, banks have started to embrace it, and it has solidified itself as a viable store of value, often labeled digital gold.

While the mining of the first block of bitcoin, on january 3rd, 2009, also referred to as the genesis block of bitcoin or block 0, started a revolution, the idea of digital assets dates back over a decade. Many companies floated ideas and implemented or used digital assets before the yet-to-be-identity behind satoshi nakamoto mined the now-infamous block 0 of bitcoin, which created a new asset class. Computer engineer wei dai and computer scientist nick szabo, the creators of bitcoin predecessors b-money and bit gold, respectively, were early supporters of bitcoin. Satoshi nakamoto, per rumors but without official proof, mined 1,000,000 bitcoin before disappearing from the public, handing over the project to gavin andresen, the lead developer at the bitcoin foundation.

Fast forward a decade, and an entire ecosystem exists around cryptocurrencies and digital assets, of which there are more than 7,000, and the number continues to grow. Following the 2008 global financial crisis, trust in the fractional reserve banking system diminished, debt continues to pose a significant threat, and many, especially those below the age of 40, sought an alternative to fiat currency. The demand for cryptocurrencies results in many exchanges vying for the title of the best bitcoin exchange. It leads to improvements in their trading platforms and services to attract traders. Bitcoin remains the most valuable cryptocurrency, and most online forex brokers start to offer trading in this evolving asset class, either via direct market access or through derivatives, most commonly contract for differences (cfds). Investors and traders need to understand the difference between buying and selling the actual currency or doing so with a derivatives contract.

At first, most bitcoin transactions took place on cryptocurrency exchanges, but forex brokers expanded into the sector. Today, most offer bitcoin cfds, and some support various wallets to allow transactions of actual cryptocurrencies. Our review examined over 100 brokers to determine the best bitcoin brokers for november 2020. The sector remains in its infancy but has matured to a level where trading has become more stable, price action respects technical parameters, and a growing number of professionals have entered the market. Companies, especially software companies, and banks started to embrace bitcoin and company as an asset, and investors and traders have one more sector to analyze, trade, and generate profits. Bitcoin trading will continue to attract new traders and expand its market share among traded assets. With this list of our best bitcoin brokers, you will have the infrastructure to add bitcoin trading to your daily routine successfully.

Bitcoin trading regulation

As with all assets, regulation varies by jurisdiction, and in the case of bitcoin and other digital assets, it may differ between regions within the same country if there is some kind of federalized political system. Since all our reviewed brokers provide exposure to the cryptocurrency market via cfds, traders do not possess ownership of the underlying asset. Therefore, cryptocurrency regulation, spotty and changing as it may be, does not apply. All that matters is that the broker remains well-regulated and compliant with all rules, and CFD traders have nothing to worry over. It is important to note that those seeking to buy and hold, or hodl as the cryptocurrency sector refers to it, must do so by purchasing bitcoin on an exchange, which requires a cryptocurrency wallet. Cfds are for trading purposes with a short-term approach only, due to daily financing costs on leveraged overnight positions. So, if you want to hodl, you must own the asset in your cryptocurrency wallet, but if you seek to trade and profit from the volatility in price action, you will do so with ease by using cfds. Ensure you do so with a regulated broker, which was a criterion for all the bitcoin brokers we reviewed.

What to look for in a bitcoin broker?

While managing your assets from a competitive bitcoin trading platform remains essential, there are several other factors to consider when evaluating a broker to ensure you deposit your capital into a safe, secure, and transparent environment.

Here are some attributes each bitcoin broker must excel at:

• Regulation:always make sure that you trade with a regulated broker. It does not provide a 100% guarantee that you will not experience well-hidden malpractice, but it does go a long way to ensure you remain protected against outright fraud and theft. Traders must avoid trading with an unregulated broker, irrelevant of how attractive an offer may be.


• Reputation: regulation is not all that traders should rely on, as reputation is equally important. A bitcoin broker that enjoys the trust of a growing number of traders and has been operational for over a decade points to a secure trading environment.


• Price: while the price of bitcoin may appear the same across all exchanges, you must look at the difference between the bid and the ask price, known as thespread. It is how brokers earn their revenues, and there can be vast differences in the mark-up, which will directly impact your profitability. Select a broker with tight spreads so you can earn more from each trade. Market makers with commission-free trading usually cover the difference with a notably higher mark-up.


• Payment charges: most brokers waive deposit fees, but some apply internal withdrawal charges. Also, check the costs of your payment processor, as most payment options carry costs. Depending on your preference and circumstances, you may want to make sure your broker supports your payment processor. You may also face currency conversion charges if you transact in a currency that differs from your account base currency.


• Customer support: you never know when something unexpected occurs, and trading with a bitcoin broker that offers swift access to customer support can assist. Since cryptocurrency trading takes place 24/7, look for a broker with 24/7 customer support. Otherwise, it will be less beneficial than you may need it to be.


• Design & ease of use: the best bitcoin trading platforms will feature a user-friendly interface, allowing traders to manage their portfolios with ease. The MT4 and MT5 trading platforms require upgrades, available at a cost, to achieve improved usability for trading bitcoin. Some brokers offer them free of charge, while others have developed a proprietary trading platform. Do not be afraid to test them all as demo accounts to see the differences and find the one that suits you the most.


• Variety of coins:all brokers offering cryptocurrency cfds will provide access to the top four assets by market value. It is adequate for new retail traders to get started, but if you require broader access, the choice of brokers will narrow significantly.


• Leverage: trading cfds without leverage defeats the purpose of a derivative contract, but always use leverage together with goodrisk management. It remains the most beneficial trading tool and also the most misunderstood and misused one. Since cryptocurrencies remain highly volatile, the maximum is often much lower than on other assets. Trading with a bitcoin broker granting maximum leverage of at least 1:5 will offer enough of a competitive edge.


• Demo account: A demo account is usually available at all brokers. Use it to test the trading platform, or if you have an automated trading solution, run it in a demo version first. Many brokers create more favorable conditions in a demo account to attract deposits from new traders. Many believe a demo account is ideal for learning how to trade, more effectively conducted in a live trading environment with a small initial deposit.


• Initial deposit:the smaller the initial deposit, the greater the flexibility of your financial management. Most brokers lowered their minimum to $100, some have it as low as $1, and others waive it altogether. Also, check about follow-on deposits, as most brokers require a more significant initial one and lower it after that.

Pros & cons of trading bitcoin with a broker

There are pros and cons of trading bitcoin with a broker rather than at an official exchange. It often depends on your preferences.

The pros of trading bitcoin with a broker

• Cfds do not require a cryptocurrency wallet


• Regulatory restrictions do not apply


• More leverage on assets


• Broader range of payment options


• 24/7 customer service


• Trading tools, research, and education


• Ease of use from customizable trading platforms

The cons of trading bitcoin with a broker

• Higher costs due to mark-up in spreads


• Not suited for long-term investors and hodlers


• Fewer assets

How do bitcoin brokerages work?

Most bitcoin brokerages write derivative contracts, usually cfds, that allows traders to profit from price action without owning the underlying asset. Cfds remain the best assets for traders, developed for short-term trading with leverage. Since traders do not own the instruments, there is no need to sign-up for a cryptocurrency wallet. Brokers earn their revenues via spreads, commissions, or a combination of both. Some offer direct investments into the asset and provide clients with a cryptocurrency wallet.

The difference between a bitcoin broker and an exchange

There are three notable differences between a bitcoin broker and an exchange:

• Brokers offer derivatives without ownership, while bitcoin exchanges grant it. Therefore, the former caters to traders and the latter to investors.


• Spreads at bitcoin brokers are usually higher.


• Brokers have fewer assets, often focusing on the top fifteen or less of the ones with the largest market capitalization. The best bitcoin exchange will provide investors and traders with a broad selection of cryptocurrencies and other digital assets, allow for swift conversion between them, and grant superior liquidity, leading to improved trading costs.

Bitcoin buying fees

Before you can determine the best bitcoin trading platform, make sure you evaluate the associated fees. They vary across brokers and consist of spreads, commissions, or a combination of both if you trade derivatives. Purchasing physical bitcoin faces network costs and commissions, and depending on the payment processor, you may have to pay a percentage of the deposit amount.

Selling short bitcoin

One of the benefits of trading bitcoin cfds is that you can profit from price action in either direction. Short selling bitcoin allows traders to earn from a decline in the price of bitcoin, while they lose if the asset advances. The best bitcoin brokers have no restrictions on trading strategies, granting complete freedom on how traders approach bitcoin.

Bitcoin CFD to hodl

Since a bitcoin CFD does not offer ownership of the physical asset, and daily swap rates on leveraged overnight positions apply, it is not suited to hodl bitcoin. Anyone interested in hodling should do so in a cryptocurrency wallet that can store bitcoin after its purchase. Hodling derived from a typo on social media from the word holding, which caught on with the cryptocurrency crowd and is now part of the terminology.

Blockchain & bitcoin

Many new retail traders often confuse the two or mistake them for the same product. The blockchain technology is not specific to bitcoin, but rather a requirement for all digital assets to function. Bitcoin requires it, but there are many blockchain solutions, which do not require cryptocurrency assets, spanning other sectors. In plain english, a blockchain compares to a hyper-charged database. It can be centralized or decentralized, and various blockchains use different protocols. Bitcoin is a cryptocurrency that functions on the blockchain, where transactions are confirmed, ledgers maintained, and new bitcoins mined.

Cryptocurrency wallets

The primary purpose of a cryptocurrency wallet is to store digital assets. It remains a requirement for anyone interested in owning the physical asset or to hodl bitcoin and other cryptocurrencies. Bitcoin trading via cfds does not require one since there is no ownership. There are many available, with two distinct ones to consider. A hot wallet is stored online, which remains vulnerable to hacking and theft. A cold wallet keeps bitcoin offline, making it more secure. The former ideal if you need to make online transactions, so maintaining a small amount in a hot wallet is acceptable. The latter is the better alternative for hodlers. Several companies developed cold wallets, and you should keep most of your physical, digital assets in secure offline storage. Paper wallets fail to gain popularity and compare to gift cards. A generator will create a unique bitcoin address that you can print and keep in a safe place. They are less convenient than a cold wallet but do not require hardware.

Cryptocurrency exchanges

With the emergence of the cryptocurrency sector, new exchanges appeared. They allow investors to purchase physical assets delivered to their cryptocurrency wallets. All maintain hot wallets but store most digital assets in cold storage to protect them from theft. Many remain unregulated, some dominant ones went out of business after being hacked, and others appear across the world. Over the past decade, some more trustworthy and stable cryptocurrency exchanges started to form the nucleus of today's infrastructure for all digital assets. Over the next decade, more cryptocurrency exchanges may appear to cater to the growing demand, both from the retail and professional sectors.

Investors can often get improved pricing on exchanges, where broker mark-ups do not factor in. They charge a commission per transaction, and network fees apply. While some do try to comply with AML/KYC requirements, others maintain a pure cryptocurrency approach where privacy and anonymity remain superior to government and regulatory mandated rules and regulations. Others offer a hybrid approach, where investors can transact without account verification up to a specific limit. Trading with exchanges that operate in jurisdictions without proper oversight carries additional risks, and investors must weigh them carefully. The entire sector continues to evolve and mature, and more changes moving forward will reshape the current business model, bringing more in-line with well-established equity exchanges.

ICO & token

An initial coin offering (ICO) refers to the public sale of a coin on an exchange. It allows investors to take part in a new project based on expectations that it will yield disruptive results. Some compare it to an initial public offering (IPO) of a private company that lists its shares in a public market to raise capital. Most legal experts, correctly, disagree with that comparison. While some similarities may exist, an ICO resembles crowdfunding for a project using blockchain technology. After bitcoin kick-started the cryptocurrency sector, over 7,000 assets followed suit, creating an entire ecosystem around it. Early enthusiasts account for a significant part of the initial financing, but institutional capital plays a growing role in it. Investors in an ICO treat the asset as a store of value and generally do not intent to sell for a quick profit.

A token is the opposite and intended for transactions. It is programmable for a specific purpose and can be multi-functional if needed. They usually remain stored on a different blockchain, with ethereum the dominant one. Many dominant projects use the ERC-20 token on the ethereum blockchain, and some migrate to their blockchain following an ICO. There are many token sales as new projects come online and crowd-sale their vision directly to potential future users. Therefore, the cryptocurrency and digital asset sectors are well-positioned to expand to all sectors of life.

Cryptocurrency risks

While the cryptocurrency sector is exciting and offers excellent opportunities for investors and traders alike, they do not come without risks. Regrettably, the industry especially in relation to little-known coins is quite rife with scams and fraud, as criminals seek to profit from the increasing popularity, especially among new retail traders who often follow the social media hype without conducting due diligence. The risk of hacking of cryptocurrency exchanges and loss of assets persists, and while frequency decreased, the threat endures. Safe storage and security of private keys remain additional risks and challenges. This is one reason many forex and CFD brokers do not offer physical transactions of assets while relying on derivative contracts. High volatility also adds a significant trading risk.

Methodology (how we test/choose)

We reviewed over 100 bitcoin brokers based on eleven criteria. Each research consists of over 2,000 words and lasted more than ten hours. Over 100 brokers were reviewed in-depth and from a trader's perspective, ignoring the marketing tactics deployed by some to confuse retail traders. Therefore, we sourced the list of our best bitcoin brokers from more than 200,000 words of dedicated research compiled over 1,000 hours, ensuring the most comprehensive approach to identify the best bitcoin brokers.

The eleven criteria used in our research are:

• Regulation and security


• Trading costs


• Asset selection


• Account types


• Trading platforms


• Unique features


• Research and education


• Customer support


• Bonuses and promotions


• Account opening process


• Deposits & withdrawals

What is the safest bitcoin exchange?

It depends on your geographic location and trading preferences. There is no single bitcoin exchange or broker that is necessarily “safest” for all.

Can you buy bitcoin in a brokerage account?

Yes, a growing number of brokers offer bitcoin, but usually as a derivative contract. Some also support bitcoin auto trading as an option.

What is a bitcoin broker?

A bitcoin broker allows investors and traders to transact in bitcoin and underlying derivative contracts. There are bitcoin brokers who developed a dedicated bitcoin trading app to support trading it.

Do I need a broker to buy bitcoin?

No, you can do so on an exchange or peer-to-peer off-exchange.

Who is the best bitcoin broker?

The best forex broker to trade bitcoin depends, once again, on your needs and preferences. All five that made our best bitcoin brokers list are competitive choices worth considering.

How much is the bitcoin fee?

The fees vary across brokers and exchanges but can include spreads, commission, and a network fee if you purchase the physical asset. Deposit and currency conversion costs may also apply.

How are bitcoin fees calculated?

It is a complicated practice of trial and error, but cryptocurrency wallets do the math for you. Miners need to verify each transaction, and they seek the highest reward. Each block has a limited size, and for the inclusion of yours into the next block, you must pay a fee. Usually, the calculation is in satoshi per byte. For example, if your transaction is 10,000 bytes and the current cost on the bitcoin blockchain is 12 satoshi per byte, you will have to pay 120,000 satoshi. As the bitcoin trading price increases, so do the fees in fiat currency value.

Why are bitcoin fees so high?

There is plenty of competition, a growing number of transactions, which significantly outstrip the supply of miners. Scaling has become a distinct issue with cryptocurrencies.

How do I know if a bitcoin broker is regulated?

Each broker provides its regulatory information at the bottom of the homepage. You can then check it against the database of the regulator and verify.

So, let's see, what we have: find the best forex or CFD broker. Read forex broker reviews, view rankings, and compare brokers side by side. At forexbrokerz

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• Best bitcoin brokers


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• Methodology (how we test/choose)