What are the most trusted Forex brokers online?

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asked Jul 3, 2022 in Investing by costy (6,550 points)
What are the most trusted Forex brokers online?

3 Answers

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answered Jul 3, 2022 by Capobianco (12,490 points)
The most trusted Forex brokers online are.

IG - Best overall broker, most trusted.
Saxo Bank - Best web based trading platform.
CMC Markets - Excellent overall, best platform technology.
Interactive Brokers - Great overall, best for professionals.
TD Ameritrade FX - Best desktop platform, U.S. only.
FOREX.com - Excellent all-round offering.

Best Overall: Fidelity Investments.
Best Broker for Beginners: TD Ameritrade.
Best Broker for Mobile: TD Ameritrade.
Best Broker for Options: tastyworks.
Best Broker for Low Costs: Fidelity Investments.
Best Broker for Advanced Traders: Interactive Brokers.

A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies.

Forex is short for foreign exchange.

Transactions in the forex market are always between a pair of two different currencies.

With a relative fee, a broker may charge $1.00 per $100,000.00 of a currency pairing that is bought or sold.

If a trader buys $1,000,000 EURUSD, the broker receives $10.00 as a commission.

If a trader buys $10,000,000 the broker receives $100.00 as a commission.
0 votes
answered Jul 4, 2022 by fraddy (6,050 points)

Honestly, I am not an expert, plus I trade sometimes when I have some free time. I think that trading is a good option to earn money but when you know how it works. This time, I was using https://fx-list.com/broker/xm which is a pretty good option if you need some reliable broker. . Forex is not only about money, it helps to get additional information concerning cryptocurrency, different trading options etc.

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answered Jan 17 by lowerkoker (1,680 points)

To be honest, I don't think it's possible to find the best or most reliable broker. There are many options that provide excellent conditions for traders, but there are always pros and cons. In general, I advise you to check this site http://usforexbrokers.com/reviews/interactive-brokers/. I think you will find a great broker to trade here.

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