Jan 02 2022 0

Forex trading has become more and more popular everywhere in the world nowadays. Anyone with a smartphone, laptop, or PC and the Internet can join this market instantly. When you trade forex, everything you do will take place on the trading platform of a forex broker. Therefore, the quality of the broker can decide the success of your trades. Now, you must be asking: What is the best forex broker? We are here to show you answer.

What is the best forex broker?

what is the best forex broker

  1. Exness: Very reliable and transparent. Best in trading platform and withdrawal system.
  2. HotForex: Best for experienced traders. Low trading cost.
  3. XM: Best customer support. Low cost and fees.
  4. FBS: Best forex bonus. Best for beginners.

Now let’s go into details to see how good they are.

How to find the best forex broker?

Brokers are evaluated based on certain points, which are:

  • Credibility: how reliable that broker is
  • Trading cost: brokers need to have low transaction cost
  • Trading conditions: brokers need to provide traders with the best features and trading platforms.
  • Customer support: clients must be able to get help from brokers 24/7.

Exness forex broker

Exness is famous for its transparency in the forex market. It uploaded all the financial records on the website for everyone to see. This makes traders feel really safe and confident when they do business with this broker. Moreover, Exness has the CySEC and FCA forex regulation, two of the most difficult to acquire. So you can rest assured about the reliability of Exness.

what is forex broker

Exness is one of the biggest brokers which charges spread as the main income. But among them, Exness has the lowest spread. It is preferred by many traders in the world thanks to the reasonable cost of transaction. When trading currency pairs in fixed spread, you will receive the lowest spread that you cannot find at any other brokers. Exness has the 6 most popularly trading currency pairs, which is very convenient for traders.

Among the biggest brokers in the market, Exness forex broker exceptionally has the fastest withdrawal system with the best quality. It can execute a large amount of transactions with high speed, high accuracy and the excellent service, which makes Exness one of the top 10 forex brokers in the world. How can it do a thing like this? Can people do these things? The key is using machines to do the jobs for humans as they can do it automatically, accurately and efficiently. With just this difference, it makes Exness outstanding and simply the best among the top 10 forex brokers. To experience the service, please create and try yourself working with Exness now.

HotForex forex broker

The whole thing taken into consideration, there are various focal points of HotForex making it a great service provider to trade with:

  • It gets the controls from CySEC (Cyprus) and FSCA (South Africa) similarly as FCA, DFSA, and FSA.
  • It is available in 27 languages, and even has client organization 24x5 in step with buying and selling day.
  • It offers many save methods.
  • With the overall banks, your stores are secured in detached statistics.
  • It also has multiple accounts with escalating benefits: Micro, Premium, VIP, Fix, Auto, HFCopy.

Apart from the as of overdue referenced highlights, HotForex moreover has any other exquisite one this is understudy assist. With a rehearsed purchaser association acquire familiar with bounty of twelve vernaculars, they'll bolster you at something point via smartphone, mail, live visit or Skype. Further, inside the instructive pages of the association, you can find out bunches of making ready substances, debts, or delineating instruments to signify.

XM forex broker

XM’s spread and commission are similar to the best forex brokers (1.7 pip for the EUR/USD pair). Their commission fee is also lower than ICMarket (only $6 to open and close trade).

XM mainly attracts clients through many interesting bonus programs. Two big bonus programs are deposit bonus program and loyalty program. If you make use of bonus programs, I make sure that you will make profits more.

Currently, XM have over 4 regulations and licenses from trusted and popular regulatory agencies  such as FCA (UK), CySec, ASIC (Australia), FSB (South Africa), and IFSC.

Customers using demo accounts and real accounts can contact the support team for help through online chat, phone calls or email over 30 different languages. Professional support team, support 24/5.

FBS forex broker

For regulations, FBS obtains two of most reliable regulations which are CySEC and IFSC, so you can feel secure when trading with FBS. Also, the reliability of FBS is indicated through its achievements and awards including: Best Customer Service Broker in Asia 2016, Best Forex Broker in Southeast Asia, Best Forex Broker in Thailand, etc.  

This is a must-have criterion for considering the best brokers. In the complex trading market, the more support and help form traders, the better. Therefore, the ways a broker assists their traders are standards to evaluate them. FBS supporting team is fantastic in my opinion because of these reasons:

  • Supporting clients in English 24/7 on live chat. 
  • Offering local offices in Indonesia, Malaysia, Egypt, Thailand, China, Korea and Myanmar for traders who cannot speak English. Those offices are always willing to help customers 5 days a week.

I hope after this, you can have the answer for What is the best forex broker? Follow us for more articles about forex trading, forex brokers, and forex strategies.


Peter Pan

Hey, I’m Peter Pan. I am a writer currently resided in Thailand. For my forex experience, I have been trading with many forex brokers from all over the world for 5 years now. I hope that my articles about forex brokers can help you succeed in this market just like me.

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