Top Forex Brokers and Trading Sites

Here you will check out each of the sites that are more popular in currency trades.

Name
USA FRIENDLY
Bonus
Deposit
 Regulated
Review
avatrade-logo
AvaTrade
No
Up To $10,000
$100
Yes
xtrade
Xtrade
No
Up To $6000
$100
Yes
easymarkets-logo
EasyMarkets
No
UP To $2000
$25
Yes

AvaTrade – AvaTrade (previously called AvaFX) is a trusted global name in the forex industry. They have been established since 2006 and boast massive monthly trading volumes exceeding $60 billion with over two million trades per month.

Xtrade – The Broker was established back in 2003 year, so you might be fully aware that it has rich enough experience to offer you the best from the market – from the most reliable platform to the best trading facilities.

EasyMarkets – EasyMarkets is a pioneering regulated market maker established in 2003 under the trade name of “easy-forex”. They enable traders with online access to global markets with a user-friendly platform available on any device – mobile, tablet and desktop

Forex Brokerage

Forex broker is an intermediary between a trader and the currency market. Retail foreign exchange trading is not possible without Forex brokerage. Finding the best Forex broker among hundreds of the online companies is not an easy task. That is why TbinaryBrokers offers a full set of tools that allow finding, comparing and researching almost all of the available FX firms.

ECN Forex Broker vs Dealing Desk Forex Broker

In the forex market there are 2 types of brokers dealing desk brokers and ECN brokers. A dealing desk broker profits by earning the spread between what he can obtain from the ECN market in which he trades and the spread offered to his clients, which is why most dealing desk brokers do not charge a commission.

ECN brokers typically offer a spread of a pip or less, with price competition being depended on the number and activity of the ECN participants. Because the ECN broker is not a counterparty to the transactions, the broker profits by charging a commission.

Forex Regulation

Below is a list of countries where the largest FX margin providers are based, along with their corresponding regulatory bodies.

  • United States: National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC)
  • United Kingdom: Financial Services Authority (FSA)
  • Australia: Australian Securities and Investment Commission (ASIC)
  • Switzerland: Swiss Federal Banking Commission (SFBC)
  • Germany: Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN)
  • France: Autorité des Marchés Financiers (AMF)

Although being listed with one of the above regulatory bodies will help you to sort out the trustworthy forex brokers from the fraudulent or dishonest ones.

Forex Trading Platforms

There are tens of different platforms to trade the Foreign Exchange. Beginners usually prefer to trade using a Web-Platform which is easy to learn and to use. The Forex industry’s standard is MetaTrader-4. MT4 offers trading on charts, Expert Advisors, historical back-tests, hundreds of free technical analysis indicators, and much more. MT4 is used by about 85% of all retail traders and it is offered by almost all ECN Forex Brokers in the market.