No traders will feel happy when trading with the bad brokers. However, the question here is that how can you know that broker is the best, not the others? Or in other words, which criteria making a broker become the most perfect one?

If you would like to know the answers, why not reading my article immediately? In this article, I will try to be as most objective as possible to give you an overview of the best forex brokers who are currently providing services.

  1. BROKERS WITH GOOD SUPPORT TEAM:

That customer service is one of the vital factors when doing business is, I think, not strange to you as you all know that business is all about people, trust and profit. For new traders, they are in need of good advices and help to guide them how to make money safely because they find themselves sometimes lost in the vast forex trading market. Thus, they should trade with a broker in top best forex brokers as their customer services are excellent. They support 24/7 and in many different languages in their local branches in China, Thailand, Indonesia, Malaysia, and Dubai. In other places, they support online and through phone in English and native languages.

– Exness supports 18 languages 24/7

– XM supports 23 languages 24/7

– HotForex support 27 languages

– FxPro and FBS support 19 languages

  1. BEST BROKERS AND REGULATIONS:

Needless to say, regulations are important. Trade with those who have your country’ regulations if your country has regulations. If not, trade with those obtaining one of these trusted regulations: US, UK, AU, JP, Hong Kong, Singapore, and CySEC.

 

No Broker names Regulations
1 Exness CySEC, FCA
2 HotForex CySEC, FSCA, FCA
3 XM CySEC, FCA, ASIC
4 FBS CySEC, IFSC
5 FxPro CySEC, FCA, DFSA, FSB

 

  1. BROKERS OFFERING LOW TRADING COSTS:

It is a good idea to trade with a broker offering low trading costs as these small costs can add up to big amount of money after a long time trading. That’s the desire of almost all traders.

Due to the disadvantages of their regulations, U.S. and UK brokers cannot offer high leverage or bonuses. Therefore, have to charge more spread and commission.

So, my advice is that you should choose other largest forex brokers instead of U.S. and UK ones.

  • If you are ASIAN traders, Exness is the best brokers for Scalpers.
  • If you are Africa traders, XM and FxPro are the best.
  • If you are US traders, Forex.com is the best
  • If you are European traders, XM, FxPro and Exness are the best.

Depending on their aims, traders will care about the minimum deposit of a broker. Some beginners just want to practice trading in real conditions; they will choose a broker that requires very little deposit to start trading with real accounts. Experienced traders need to test the features of a broker before working with them. Also, they don’t want to deposit much as they just take a test.

FBS and Exness minimum deposit is $1.

– XM, Hotforex minimum deposit is $5:

To conclude what I have shared with you, I will show you the rank of the best forex brokers:

– Exness: 9/10

– HotForex: 8/10

– XM: 8/10

– FxPro: 7.5/10