Best us Broker Forex

Are you looking to speculate that the Euro (EUR) currency will go up in value against the US Dollar (USD)? If so, you will want to trade (or spread bet) the EUR/USD currency pair. The forex market is the largest and most liquid market in the world, representing every global currency with trading conducted 24 hours a day, five days a week.

Stock Broker Tier List (Best Stock Brokers Ranked)

To trade forex, you need an online broker. Trading with a trusted forex broker is crucial for success in international currency markets. As a currency trader or investor, you may have specific needs related to which platform, tool, or research requirements you have. Understanding your investment style can help determine which fx broker will be best for you.

Each year, our team here at ForexBrokers.com spends five months testing the biggest names in foreign exchange and assembles a guide to the best forex brokers for forex and CFDs trading. Here are our findings for 2021.

Best Forex Brokers for 2021

• IG - Best forex broker overall, most trusted
• Saxo Bank - Best for research
• CMC Markets - Best web platform, most currency pairs
• Interactive Brokers - Great for professionals and institutions
• TD Ameritrade FX - Excellent trading platform, US only
• City Index - Great all-round offering
• XTB - Best customer service, great platform
• FOREX.com - Great all-round offering
• eToro - Best copy trading platform

Are forex brokers reliable?

The most trustworthy brokers are also reliable. Reliability depends on which broker you choose, and can vary across brokers. You must be able to rely on your broker to safeguard the money in your brokerage account.

There are other trust factors to consider how dependable a broker is, such as ensuring it has adequate financial operating capital, how long it’s been in operation, and whether it holds proper regulatory licenses in the countries where it operates to help ensure compliance with local laws.

Related: My Forex Book

Who is the biggest forex broker in the world?

Tokyo-based GMO Click Securities is the largest forex broker by trading volume, with over $1 trillion in forex trading volume in the second quarter of 2020 alone, according to data compiled by FinanceMagnates.

For non-Japanese brokers, Sydney-based IC Markets is another high-volume broker with nearly $595 billion in trading volumes during the same 2020 period.

Note: Who the largest broker is may vary depending on what time period you measure. But common to the biggest brokers is that they have the most assets under management, biggest number of clients, and greatest market capitalization (valuation for public companies). All are important factors to consider when gauging the size of a forex broker.

What are the top 10 forex brokers?

Here are the top 10 brokers by forex and CFD trading volume according to data compiled by Finance Magnates during the first quarter of 2021 (data excludes Japan due to the abnormally high trading volumes known to come from Japanese brokers):

• IG
• Plus500
• Saxo Bank
• CMC Markets
• GAIN Capital
• FXCM
• Pepperstone
• Tickmill
• Axi

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