When looking for ideal forex brokers, it’s crucial to look for essential features ranging from the overall trading experience, depth of trading instruments, user-friendliness and trustworthiness. As a retail forex trader, reputable forex brokers can help you get started and serve as your primary access point to the financial markets. In addition to dealing spreads competitively enough for your trading strategy, please make sure the service it offers is compatible with the currency pairs you need.
After extensive research and strict adherence to our robust approach, we have handpicked the best among top forex brokers. Having integrated these trusted forex brokers, MT2 trading distills the information to help traders make informed decisions about where to invest.
AvaTrade
AvaTrade provides direct access to over 250 financial instruments on MetaTrader 4. While it is tailored for Apple devices, it still works well on Android and Windows devices. It provides segregated client accounts compatible with popular browsers; hence you don’t need to download anything. With three chart types and 30 analytical tools, you can set up multiple order types along with trailing stop-loss and pending orders.
Exness
Established in 2008, Exness is a young broker with a good reputation owing to its transparency and professionalism. With a monthly operation volume of more than $100 billion and an exponential growth rate exceeding 17,000 new clients per month, Exness features market-leading spreads and colossal leverages. The broker has a minimum deposit requirement of $100 and is regulated by the FSA, CBCS aside from allowing Bitcoin and seamless cryptocurrency trading.
Fibo Group
Globally, The Financial Intermarket Brokerage Online Group is among the top 20 forex brokers. Regulated by the FSC with meager commissions, it offers a broad range of account types and mobile app versions of MT4, MT5 and cTrader platforms. Perhaps its high level of transparency, the vast clientele is attributed to annual audits carried out since 1998 for compliance.
FX Choice
FX Choice has emerged over the last years as the leading broker, specializing in forex and CFD trading. It features MetaTrader 4, Back office login, deposits and withdrawals, demo account and seamless cryptocurrency trading. Given that it has no conflicts of interest owing to its Non-Dealing Desk technology, it matches clients’ trades to the market without acting as a counterpart. At the same time, FX Choice has a swap fee-free along with a 100% deposit bonus.
FX Primus
FX Primus has 1-on-1 guidance and account assistance from a dedicated account manager. While market swings come with extreme risk, the broker covers you from losses that might exceed your account balance. It features a weekly market outlook recap and insights of one week ahead and technical advice for top-traded instruments. With free access to market research and access to video tutorials, the broker has a group of experts that guide you through every topic in the video tutorials.
Fusion Markets
Fusion markets is among the top forex brokers driven by the need to offer discounts to its customers, offering the lowest trading costs through $4.50 AUD per lot commission and very low spreads. They are based in Australia and regulated by ASIC and VFSC with excellent support and an easy to navigate website. Fusion Markets has $10 minimum deposit and fast withdrawals typically within 1 business day.
On the flip side, the platform is among forex brokers offering essential educational tools and limited product selection.
Hot Forex
Aside from forex, Hot Forex offers a vast range of trading instruments ranging from CFDs, metals, shares, indices and bonds. Withdrawals and deposits are processed the same day and come with an unlimited time non-expiring demo account with a $100,000 account balance on Metatrader 4.
With over a decade in business, Hot Forex has over 2,500,000 accounts opened, all of which are audited by Deloitte and regulated by FCA, DFSA, FSCA and FSA.
HYCM
HYCM is considered one of the average-risk forex brokers, with a rating of 84 out of 99. As one of the most recognized names, the broker has over 40 years’ operational history and offers a comprehensive range of services. Aside from offering negative balance protection, HYCM has a 12ms trade execution time and stringent regulation that boosts its transparency.
IC Markets
One notable element of IC markets is its ECN pricing that makes it a good choice for beginners. Additionally, the broker has commissions of $3.50 per side and competitive spreads that come with no funding or withdrawal fees. Similar to ECN brokers, IC Markets connects customers with leading financial institutions, allowing retail trader accounts to access No Dealing Desk (NDD) execution.
The broker accepts PayPal, has seamless support along with a high reputation and incredibly low spreads.
LMFX
LMFX is a customer-based broker with a broad range of trading tools, educational resources, contests and bonuses tailored for trader needs. Traders can leverage up to 1:1000 along with extraordinary measures to ensure the safety of funds. To equip investors with the skills they need, LMFX presents highly-seasoned forex professionals who guide you through crucial trading topics geared to achieving revenue expectations. It comes with a personalized client area, flexible deposits and huge bonus offerings.
Nord FX
Nord FX has over a decade of experience in the financial markets and has been awarded over 50 accolades since 2008. The broker has an established reputation and comes with an order execution of 0.5 seconds with low commissions and stringent regulation. At the same time, the broker offers Bitcoin and Cryptocurrency trading in over 1.5 Million client accounts in almost 190 countries globally.
RoboForex
RoboForex is a New Zealand broker known for its security and a good rating for the reliability of deposited funds. There is no limit to the incredible benefits of RoboForex as it comes with tight spreads, fast order execution, and a minimum lot size of 0.01. The broker is regulated by the IFSC and a Financial Commission Compensation Fund member that allows high leverage, Bitcoin and Cryptocurrency trading.
Tick Mill
As one of the forex brokers with a solid track record in their financial standing, Tick Mill has established itself as a reputable technology-driven market lead. It features industry-leading execution speed, low commissions and spreads, negative balance protection and financial regulation.
Vantage FX
Vantage FX is ideal for long-term traders. Using its MetaTrader platform Suite, Webtrader and mobile app, Vantage FX offers clients fast access to the global forex market and CFDs. The broker is ideal for traders who want to trade medium to high volume, those who need top-tier liquidity and beginners needing financial market access.
At the same time, Vantage FX is suitable for intermediate and expert traders with limited capital, scalpers, long-term traders and swingers.
Final Thoughts
Trading forex begins with selecting trusted forex brokers whose goals are customer-driven. Based on the successful selection of forex brokers with the suitable methodology and comparing features, MT2 trading bases decisions on reliability, speed and fees.
Thankfully, we’ve done the compilation and are sure to help you make the best-informed decision.