Forex Broker Comparison & Test 2022: Which providers are reputable?

In addition, we also test the mobile app of a provider, if it is available. Also at this point we would like to point out once again that the use of a mobile app is not recommended for beginners. The overviews are too small to be able to make good decisions based on the courses.

This is designed to provide all the necessary information on the various courses in a clear and intuitive way. Usually, everyone can come to terms with the basic features of the software within a short time. We would also like to point out once again that dissatisfied customers are generally more inclined to leave a review than those who were really satisfied with the services of a broker. This phenomenon can be found in all companies, but especially those from the Internet.

Tools

This broker by right stay in a list of good forex companies. With clear and open registration, licensing and regulation you feel safe funding your https://forex-reviews.org/ money. I have an account since months with Activtrades FCA entity. On 7 February 2023 they closed my account and cancelled all profits I made.

They take it seriously, and they carry out the withdrawals fast. We would like to point out that these levers do not apply to all currency pairs. If you want to trade your favorite pair, inform yourself before signing up on the broker’s page how high the leverage is then. CFD brokers often want to lure new customers with a high deposit bonus. This is usually indicated as a percentage and indicates how much the actual deposit will be increased if it is the first deposit with this broker. However, a high deposit bonus usually comes with strict deposit conditions.

Very good bid-ask spreads

However, we would like to point out that only about 5% of the total capital should be wagered per position. This results in 5 dollars in this case, which seems pretty little. In our professional opinion, it is only possible to trade reasonably with a starting capital of at least $ 500. Important in terms of deposits and withdrawals, however, is the point of deposit options and, accordingly, the payout opportunities. Usually, in addition to payments by credit card and bank transfer, online services are also offered. These include, above all, Skrill and Neteller, which are represented almost everywhere.

For beginners, we also have Forex Brokers without deposit picked out. These are worth it to get started in Forex trading and try trading without risk. The point of deposit and withdrawal to a certain extent, of course, belongs to the sub-point of seriousness. Only a broker who has no fraudulent intentions and in which the customer’s well-being is in the foreground strives to make withdrawals dutifully within an acceptable time frame. The following table contains an overview of all brokers with whom we have already gained experience.

In addition, we name the times when employees are available. In each of our tests, we also asked a few easier and harder questions and requirements for the support team. This allows us to convince ourselves of the achievements of the employees themselves. The processing of our requests is also included in the evaluation.

Businesses

I like this platform because they made processes very easier. It’s always great for us to receive highly valued feedback from our important clients. However, if we will dig up a bit deeper, we will found out many smart tools aren’t available for MetaTrader 5 and ActivTrader platform.

• We go into details such as the owner and say in particular, since when this provider has been on the market and how much he had to do with financial instruments in advance.
• They are optional and can be added to the MT4 or MT5 versions of ActivTrade within two clicks.
• Most can only be installed onto your MTs, which is a good reason to use them.
• In 2009, it underwent a rebranding to become XTB Online Trading , and in 2016, it was listed on the Warsaw Stock Exchange under the ticker symbol XTB.
• Another essential part of our work is to examine the brokers for applicable licenses, regulations and legal restrictions.

In their reviews addressed directly to a broker, they actually complain not at all about the provider as such, but more about the trading principle of Forex trading. For our experience, we try to find out which customer opinions are to be taken at face value and can be incorporated accordingly in our tests. Newcomers and newcomers to the world of CFD trading are usually afraid to start directly with a high deposit. However, CFD brokers always have a minimum deposit, under which no deposits can be made. Due to the minimum deposit, the broker usually also determines for which type of trader the broker is actually suitable. What we have learned from the background check is briefly summarized in the experiences.

Software

According to the quantity of daily average revenue deals, it runs the most prominent electronic trading platform in the United States. The company trades stocks, futures, EFPs, futures options, FX, bonds, funds, and some cryptocurrencies. Active Brokers is the fifth-largest prime broker serving commodity trading advisors since it also targets them. In order to lure new customers, Forex brokers decide to draw attention to themselves with special promotions. These often have the content that a certain bonus is guaranteed on the first deposit. For example, if a new customer signs up and wants to make use of the 100 percent bonus with an initial deposit of $ 100, he can start directly with $ 200 on the market.

This includes both the quality of the response and the speed at which we were able to make contact. In addition, in our opinion, support employees must be competent and friendly in order for this to be an excellent support. All of these instruments can be traded on the popular platforms MetaTrader 4 and MetaTrader 5. Safety is always a crucial factor to consider while working with money. Making an overseas money transfer can be a security risk, so you must protect your money against fraud and fraudsters. Based on the background research, we separated the eight best forex brokers for you, which are trustworthy and reliable to secure your funds if you start to invest in the forex market.

You can also attend them and get new knowledge that may be applicable to trading. We do our best to contribute to our clients’ skills development. Our team thanks you for finding time to leave us feedback. We cherish such attention from our customers as they help us to understand activtrades review what direction to develop. Moreover, the Financial Conduct Authority (FCA #113942) has approved and regulated GAIN Capital UK Ltd. Additionally, clients in the UK and EU have up to £85,000 in additional asset protection through the Financial Services Compensation Scheme .

All of these tools are available for MT4 and MT5, and some of them are, in fact, developed by ActivTrades themselves. Basically, they show you the approximate points where the market may change trend, as well as other lines for your own trend analysis. Another important aspect of our analysis and research is the question of how other customers perceive a particular CFD broker. To do this, we go into the depths of the World Wide Web and see what comments are already available on the given broker. If it is appropriate, we also clearly express our concerns.

You can trade forex, indices, shares, commodities, pairs and crypto. Best trading platforms metatrader 4 and 5, plus innovative activtrader allow you to be fast and make the right orders. We work daily on our services, and our team believes that technically equipped platforms and contemporary tools help particular traders to get through market difficulties easier. Of course, I saw brokers that offered 5 or even more platforms, however if we will count up all of them here including mobile apps, then it’ll be a solid quantity.

During our check for seriousness, we also examine everything that has to do with direct contact with the company and provider. In any case, this also includes support and customer service for us. We have therefore also dedicated a part to this part in our section of the background check. We will discuss which contact options exist with the support team of the respective broker.