Skip to main content

BEST FOREX BROKERS COMPARED IN 2018

How to find the good broker for our business? This is the question that many people often ask me when they are looking for the best forex broker.  Despite having two years of experience in trading with many different forex brokers, it is very difficult to give immediate advice to the trader that I like this broker and you should choose it instead of choosing other brokers. And more than any other way, I think making comparisons between different elements is the only way you can decide which one is the most suitable for your trading strategy and involves. The ratings for the best forex broker will be based on how they look after and what the broker can offer to their trader. It goes without saying that it is the best trading conditions, the best tools and the most caring. Moreover, their reputation and security are things that cannot be ignored. From my point of view, common names like Exness, FxPro, Hot Forex, XM, and FBS in the Asian market should be mentioned in the rating.
LOW SPREAD …

HOW TO RANK THE BEST FOREX BROKERS OF 2018?

Dealing with different brokers in almost 2 years, there are common-asked questions on how to choose the best forex brokers at beginning as clients want to ensure that there is a safety and professionalism when working with brokers. Let’s say, to really quote the best brokers, I might say, is impossible, because each brokers has certain strong points and drawbacks. It also depends on certain time that brokers and traders begin to trade. However, in this article, hopefully, you may find it is crucial to decide who the best brokers for you is.
My ranking is primarily based on brokers’ needs and requirements in terms of customer services. The top brokers are willing to give supportive conditions, tools and good care in comparison with others. They will be there to protect what it is called “reputation” and “security” in whatever context is.
In this article, I will mention most specifically about Asian market- Exness, FxPro, Hot Forex, XM, and FBS, then, you may see this article as a clarification and comparison writing. 

LOW SPREAD
By spread, which is where Brokers’ income come from. This amount is not considered as commission because very few of them charge commission. The ask and buy price are different from one another. Traders enjoy trading with brokers - Exness, FBS, or Hot Forex, because their low spread, which is 1.1 pip for the EURUSD currency pair.
LOW COMMISSION
As I mentioned commission free, it is regular accounts I’m talking about. Especially, ECN account, preferred and recommended by professional and big traders, the spread is almost none. Therefore, traders have no ways else but charging for commission. Now, Exness listed as the most outstanding broker, whose lot traded as of 2.5 USD.
MINIMUM DEPOSIT
By trading as beginners, new traders hardly ever wish to deposit a great deal of money for their security, but experienced brokers such as FXCM or Forex.com, to whom require a minimum deposit, consequently $2000 and $500. Other brokers require a small deposit, for example Exness and FBS (only $1 minimum) or Hot Forex ($5). Such a big difference that cause new traders’ consideration.
HIGH LEVERAGE
There is a hug distance between Asian and Western traders. Certainly, I do not mean saying about physical distance, it is more likely to be the advantages which Asian traders have, compared with those in United States and United Kingdom or Japan, where regulations and rules, are strictly  followed and been controlled as well as standardized by authorities. It is not as easy as it seems to offer lower leverage to clients, whereas, in Asia, where regulations applied freely, brokers are eligible to provide traders much higher leverage as long as both sides agreed with each other, for instance:
WITHDRAWAL TIME
Traders usually pay attention to the broker’s withdrawal time precisely. Because of withdraw or transfer money, that domestic trading saves more time than that of international trading, it is another story whether they are reliable and truthfulness enough, in client’s viewpoints. Trading with foreign brokers sometimes takes day and night to fully complete and more importantly, it is more secure and safer. Choosing the fastest trading trader to follow your trading strategy appealed to be the best alternative. As I have been trading with Exness and being one of regular brokers, it is my recommendation to choose them. Because the process is automated, they let the machine to accomplish the work. Consequently, millisecond is the time to perform. I have seen that Exness has no opponents regarding to this category.
REPUTATION
There are various criteria’s that a broker’s reputation expected to achieve, including the license, audit and search traffic.
  • License:
Being licensed leading to the feeling of trustworthy, a broker has lifted his record to higher standard. It can be certified by famous agencies, such as SIC (Australia), CySEC (Cyprus), FSA (Japan), CFTC (United States), NFA (also United States), and FCA (United Kingdom). But, it turns about to be trader’s prevention from offering trading conditions, for instance  low spread, high leverage, low commission), because the fees will be shared to their partners.
  • Audit:
Being audited by big accounting firms, such as Deloitte, PWC, EY, and KPMG, brokers become extremely conscientious among other brokers in the market. Based on the reputation that the firms have built, they can in hand confirm brokers’ exactitude and transparency. Until recently, I have found that Exness and FxPro are the 2 most reliable due to the publicity financial reports and information. It is evidently to for them to reveal how much money they have in the bank account without any hesitation.
  • Search traffic:
.also, I have figured that most searched brokers have more good quality because of their good performance which leads to their name appeared and found more on top. This is understandable and alike to search engine and key words. I would like to introduce you some most-frequent-searched brokers on the internet, citing “Google Keyword Planner”
XM: 40,000 search monthly.
Exness: 36,000 search monthly.
FBS: 30,000 search monthly.
TRADING VOLUME
Knowing trading volume of a broker plays such an important role in client’s success. What is the reason? This business is counted as the number of frequent trading and traders. The more traders who are willing to trade, the better brokers seem to be. If the broker is listed on top favorite list of traders, he or she must perform very well and be traders’ best friend. To know about trading volume be like, here is the statistic:
Exness: $323 billion a month.
Hot Forex: $280 billion a month.
Forex.com: $185 billion a month.
FXCM: $108 billion a month.
CUSTOMER CARE
People find that forex market is such complicated, where included lots of risks and stressful, by this reason, knowing how to provide professional customer care will be a huge advantage. If you find yourself as a new trader, collecting advices, listening and following experts’ instruction are what you should keep in mind. An ideal and competitive broker is someone who is available 24/7, able to provide multi-languages support. Nowadays, English is a common-used language, but however, not every trader is native speaker, for example, those come from Asia countries. Being known and recognized as famous and big brokers Exness, FBS, FxPro, and XM have tremendously perfect customer services for their clients.
OPEN AN ACCOUNT AT FxPRO TODAY!

To kick start trading, you need to pay attention to find which broker is the best match to you. Don’t rush yourself, as it takes time, effort and strategy. I strongly believe that after reading my article, you will feel there is a broker inside you, calling for trading or being able to “catch” an appropriate broker. Although brokers’ tasks are quite the same, but they are different individual, being able to cope with them, you may find you are moving forward in correct direction. And, “good fruits” is about to harvest. Now, have you found your broker? I hope so.

Comments

Popular posts from this blog

BEST FOREX BROKERS COMPARED IN 2018

How to find the good broker for our business? This is the question that many people often ask me when they are looking for the best forex broker.  Despite having two years of experience in trading with many different forex brokers, it is very difficult to give immediate advice to the trader that I like this broker and you should choose it instead of choosing other brokers. And more than any other way, I think making comparisons between different elements is the only way you can decide which one is the most suitable for your trading strategy and involves. The ratings for the best forex broker will be based on how they look after and what the broker can offer to their trader. It goes without saying that it is the best trading conditions, the best tools and the most caring. Moreover, their reputation and security are things that cannot be ignored. From my point of view, common names like Exness, FxPro, Hot Forex, XM, and FBS in the Asian market should be mentioned in the rating.
LOW SPREAD …

WHO IS THE BEST FOREX BROKER IN THE WORLD PRESENTLY?

Nowadays, the forex market is becoming more and more popular than ever and everyone is looking for the best forex broker. Everyday there are a large number of traders exchanging from all over the world. As a consequence, there are so many organizations that offer forex services, which are named forex brokers, aroused daily. For beginners, choosing a great broker to start trading might be quite a problem. That’s why today I’ll make a comparison among some well-known brokers and rank them based on 8 different categories so you can decide which one is the top broker in 2018. One thing to bear in mind is that, this article is intended for Asian traders. How can we assess a broker? The answer is the way they treat their traders. A good broker to cooperate with must give their traders high-quality trading conditions as well as customer services. Furthermore, transparency and security is a requirement. Finally, they have to guarantee the long-term profit for the traders. Never get deluded by …

BEST FOREX BROKERS IN 2018

During two years working in the forex market and trading with the best forex brokers from all over the world, I have been frequently asked for advice about brokers. For those who have just started their trading career, they often crave for the assurance that they are choosing the right broker. In my opinion, it is no easy task to search for the “best broker”, therefore all I could do is to apply my experience to the reality and help them find the most suitable broker for themselves. I will also compare some famous brokers from different aspects and rank them based on some basic features. Hopefully after this article, you will manage to choose the most suitable broker for yourself. I believe it is best for you to identify your trading methods and needs so as to find the right broker. Based on my experience, I tend to rate a broker by observing what they offer and how they treat their traders. Good trading conditions, useful tools and heartfelt service are the features that distinguish q…