Top Forex Brokers: Ratings and Reviews for 2021
Top Forex Brokers Rated
Forex trading, also known as foreign exchange trading, is the buying and selling of currencies on the foreign exchange market. To participate in forex trading, you will need to open an account with a forex broker. With so many brokers to choose from, it can be overwhelming to find the right one for you. To help you in your search, we have compiled a list of the top forex brokers rated based on factors such as reputation, customer service, and trading platforms.
1. IG Group
IG Group is a well-established forex broker that has been in operation for over 45 years. They are known for their competitive spreads, user-friendly trading platform, and excellent customer service. IG Group is regulated by multiple regulatory bodies, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).
2. OANDA
OANDA is another top-rated forex broker that has been in the industry for over 20 years. They offer a wide range of currency pairs to trade, competitive spreads, and a powerful trading platform. OANDA is regulated by the Commodity Futures Trading Commission (CFTC) in the US and the Financial Conduct Authority (FCA) in the UK.
3. Forex.com
Forex.com is a popular choice for forex traders due to their competitive pricing, advanced trading tools, and comprehensive educational resources. They are regulated by multiple regulatory bodies, including the National Futures Association (NFA) in the US and the Financial Conduct Authority (FCA) in the UK.
4. TD Ameritrade
TD Ameritrade is a well-known brokerage firm that offers forex trading in addition to their other services. They provide a user-friendly trading platform, competitive pricing, and excellent customer support. TD Ameritrade is regulated by the Securities and Exchange Commission (SEC) in the US.
5. CMC Markets
CMC Markets is a global forex broker that offers competitive spreads, a wide range of currency pairs, and a powerful trading platform. They are regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).
When choosing a forex broker, it is important to consider factors such as regulation, trading platforms, customer service, and pricing. The brokers listed above are among the top-rated in the industry and are known for their reliability and trustworthiness. Before opening an account with any broker, be sure to do your own research and read reviews from other traders to ensure you are making an informed decision.