Rating Forex brokers regularly is quite important since conditions and financial products offered by these companies change frequently. Special ongoing rating systems are employed to evaluate brokers based on a plethora of factors including trading conditions, liquidity providers, banking options, customer support, and others.
One of the most detailed and objective ratings is created by the Traders Union. Let’s take a closer look at their top 5 selection of trading platforms that you should pay attention to in 2021.
FxPro
FxPro is a household name that has been around for, seemingly, ages. The broker offers big leverage (1:500) and offers a wide variety of instruments that any trader will find quite compelling. For example, you can use any of the most popular terminals:
- MT4 and MT5 are highly customizable terminals where you can use hundreds of indicators, drawing tools, and add-ons to make your trading a little bit more refined.
- cTrader is another terminal that earned respect from traders, thanks to its usability and low demands in regards to PC performance.
- Edge is another terminal that offers a wide variety of instruments and opportunities to work from any device.
The broker also offers a choice of hundreds of assets to trade and works with not one but five liquidity providers to ensure maximum transparency and efficiency of trading. Multilingual support that works around the clock 7 days per week and informative educational materials make trading more beneficial.
XM Group
Any Forex veteran will recognize this brand. One of the best brokers out there is consistently placing high in all categories by which brokers are judged. With dozens of international awards and thousands of positive testimonials, this company is undeniably in the vanguard of the industry.
XM Group welcomes novice traders offering new clients bonuses and education. You can start trading with only $5 on your balance. It is a good choice for any beginner. (www.stocktargetadvisor.com)
It is hard to find any issues with XM Group. If you are looking for your first broker, choose XM Group. Chances are you will stay with them for a long time.
Admiral Markets UK
When it comes to the quality of service and diversity of financial products, Admiral Markets UK does not require any introduction. This company operates in the UK, as the name suggests, and offers its clients a wide array of instruments and beneficial trading conditions.
Thanks to special programs protecting their clients from any mishaps that may occur, the company can guarantee that their clients won’t lose money. Admiral Markets UK works with three liquidity providers (Goldman Sachs, UBS, and Deutsche Bank).
You can use any currency you like to open an account. All orders are executed immediately. One of the unique features is protection against volatility which is great for novices. On the other hand, it is quite expensive to start trading with Admiral Markets UK since the minimum deposit is $200.
Ava Trade
Consistently rated as one of the best in the market, Ava Trade ensures that its clients are happy and leave only positive reviews by offering a rich selection of assets to trade and flexibility in terms of terminals. You can use:
- MetaTrader4 and MetaTrader5 — two incredibly versatile terminals that can be expanded with add-ons, plug-ins, and indicators.
- Mirror Trader and ZuluTrade are two terminals that allow you to copy deals made by the most successful traders. ZuluTrade is often used as an additional analytical tool.
- Mobile terminals such as MT5 mobile allow users to trade even when they cannot access their laptops. Sometimes having an opportunity to trade on the go is precious!
Ava Trade provides you access to over 250 assets including indices, metals, currency pairs, commodities, and even cryptocurrencies.
FXTM
Also known as Forex Time, this particular broker is less focused on cutting-edge technology and more on the convenience of clients by offering beneficial trading conditions and access to hundreds of assets. You can also use crypto to deposit funds and trade.
In this Forex Broker Rating, FXTM takes an honorable 5th place. The company earned it, thanks to interesting features that many other brokers simply lack. For example:
- You can have 1:2000 leverage when you need it
- The minimum deposit is just $10
- 6 types of accounts to cater to the needs of all traders
Pro tip
An online broker is required in order to trade FX. A positive trading experience in the foreign exchange markets depends on using a reputable broker. There are brokers out there who claim they can assist you. There are certain brokers who are unreliable and cannot be trusted. Additionally, figuring out which brokers are reliable and which are not can be difficult.
In this situation, you can always rely on websites like Learn 2 Trade. Signals provided by Learn 2 Trade help to conduct forex trading. They are designed to give traders and investors the knowledge and information necessary to succeed in the world of trading.