Global brokerage company Markets.com has clients from all over the world. Offering over 2,200 trading assets, it is one of the biggest Forex and CFD providers. Some of the strictest financial regulators regulate the company. Additionally, Markets.com provides exceptional customer care by offering assistance in a number of languages. Undoubtedly, one of the simplest financial markets to start trading in is the forex market. Open and establish an account with such a licensed online broker to get started. To choose the finest forex broker for your trading goals and expertise level, you must first conduct some preliminary research.
Commissions and Fees
It can be challenging to estimate Markets.com’s trading expenses. Overall, Markets.com is pricey and far from being on par with market leaders CMC Markets and IG, in our opinion.
For traders who invest at least $250, Markets.com provides a premium account named MarketsX with spreads comparable to those of its regular account offering and additional platform capabilities.
- Variable spreads
As per Markets.com review, spreads on its currency pairs moved from fixed to variable, putting the broker in step with the majority of multi-asset brokers who provide variable spreads in terms of trading expenses. Despite this, the minimum listed spreads still are considerably larger, and because the broker doesn’t post average spread information, it is unable to conduct an appropriate comparison.
- MetaTrader accounts
It’s also important to note that the company’s proprietary Web Trader platform offers spreads that are often tighter than its third-party trading platforms, such as MT4 and MT5, where the product selection is less broad.
- Average spreads
When compared to other companies with variable (floating) spreads, the firm offers spreads as small as 1.9 pips on the EUR/USD and 3.0 pips on it’s own MT4 offering, which are more expensive.
For customers to build their accounts, CedarFX focuses on combining the most favorable market circumstances with superior pricing and technology. A low spread typically denotes great liquidity and low volatility, two characteristics CedarFX takes pleasure in. CedarFX offers two account types: eco accounts and accounts with 0% commission.
- IG Markets
Customers of IG Markets get access to up to 80 different currency pairings for trading. The minimum deposit required by the broker is $250. For further security, IG holds your cash in segregated accounts through trustee agreements. IG provides support for third-party forex trading systems, including MetaTrader 4 and ProRealTime in addition to its unique trading platform. Trading using application programming interfaces is additionally permitted.
SimpleFX is accessible anywhere with a few limitations. The platform is accessible through WebTrader, MetaTrader 4, and native Android, iPhone, and HarmonyOS mobile apps (Huawei).
- Interactive Brokers
The best broker forex in the world, equities, ETFs, cryptocurrencies, bonds, options, futures, and other financial instruments is Interactive Brokers. Customers can choose from more than 100 tradeable currency pairs, tight spreads as thin as 1/10 PIP, real-time quotations from 17 of the biggest FX dealers in the world, and inexpensive fees with no hidden spreads or markups.
With access to 70 currency pairs, several CFD alternatives, spot metals, and the top 8 cryptocurrencies, FXCC is the ideal brokerage for non-U.S. users. Just a few examples of the well-known cryptocurrencies available are Bitcoin, Ethereum, and Litecoin. In addition, you might also invest in spot WTI and Brent crude oil, as well as 12 well-known stock indices.
Top Forex Sites to learn Forex Trading
Two excellent stages toward success are selecting a reputable FX currency broker and pairing your online broker decision with an excellent trading platform. But the key is education and ongoing improvement. Here are a few of the top forex websites recommended by Traders Union to help you develop into a top trader:
- Forex Factory
The news should still be followed when trading forex online with reputable firms. This and general currency market monitoring are both excellent uses for Forex Factory. They also offer a helpful economic calendar and a well-liked discussion forum.
- Forex live
Forex Live might be the place to go if you’re looking for a tool to help with your technical analysis. They offer fantastic daily market technical analyses that can deepen any offer. Additionally, they offer live charting capabilities, comprehensive economic calendars, and instructional information, which might be helpful.