Among the many forex brokers out there, a list of the most popular ones is definitely a useful tool. This is especially true if you’re new to the industry. It will help you identify which ones offer the best features and services.
FxOpen
Founded in 2005, FxOpen is an online CFD and Forex brokerage company. It has a diverse portfolio and offers its clients a competitive and reliable trading environment. The broker offers multiple trading platforms including MetaTrader 4, MetaTrader 5, and WebTrader. It also offers CFDs on cryptocurrencies and metals. The firm also offers a variety of funding options and provides a VPS service.
FxOpen’s website is easy to navigate and offers up-to-date news and live spreads. The broker also offers a variety of payment methods including credit cards, WebMoney, and AstroPay. It also has local phone numbers in several countries. It is a member of the Financial Commission, a Hong Kong-based self-regulatory organization that resolves disputes between brokers and traders.
FXCM
Compared to FXCM, Zulutrade brokers list offers similar commissions. They also offer similar trading instruments, research, and education resources.
Zulutrade has one of the largest social trading platforms in the world. They offer a large number of strategy providers and trading instruments. They also offer a social trading platform, which is useful for novice traders. However, there are some limitations.
In addition, they charge high fees for withdrawals. Bank transfers can take up to 3 – 5 days, while credit card and e-wallet transfers are instant.
Another potential drawback is the lack of some popular investment tools. They offer trading on 12 commodities, but they don’t offer popular asset classes such as equities, currencies, or bonds.
FxPro
Whether you’re new to trading or a seasoned veteran, you’re probably looking for a broker that will meet your needs and help you grow your portfolio. This can be difficult, considering there are thousands of options out there. But it’s possible to narrow down your choices and find the right one.
First, you’ll want to check out the broker’s spreads. This is a good indicator of how well they execute trades. A good broker will have low spreads compared to its competitors.
You’ll also want to check out the trading platforms they offer. Some brokers offer their own proprietary trading platforms. This is especially useful for beginners, as it allows you to place your money in the market without worrying about the platform.
OANDA
fxTrade is OANDA’s flagship mobile app. It features news, market analysis, and a trading signal. It also supports TradingView charts. OANDA’s mobile app has a user-friendly design and is easy to use.
fxTrade offers a social trading environment and does not require a separate account. It also offers integration with Autochartist, an automated technical analysis platform. However, the mobile version of fxTrade does not sync with the desktop version.
OANDA offers a wide range of trading platforms. It supports MetaTrader 4 and MT5 and has a proprietary fxTrade trading platform. It offers API access to third-party developers, and it can be used to develop algorithmic trading systems.
CMC Markets
Founded in 1989 by Peter Cruddas, CMC Markets is a financial derivatives dealer based in London, UK. It offers trading services for forex, stocks, commodities, indices, and spread betting. It is a member of the FTSE 250 Index, as well as the Sydney Stock Exchange.
The company provides trading services for both advanced and beginner traders. It also offers educational resources such as videos, webinars, and articles.
The CMC Markets platform offers 9587 products. These include 8958 shares, 57 treasuries, and bonds, as well as 339 currency pairs. It also offers more than 115 indicators and drawing tools.
The platform allows clients to trade in both long and short orders. It provides an educational section that provides video tutorials, as well as articles are written by trading experts.
eToro
eToro is a social trading platform, that allows clients to follow the trading activities of other clients. It provides access to a plethora of markets, including stocks, currencies, and cryptocurrencies. It is also home to thousands of verified investors.
Aside from being a social trading platform, eToro offers a range of other features including passive investing, crypto auto trading, and Forex trading. It is also a fully regulated brokerage trading firm. This makes eToro a good choice for beginner traders. It is also compliant with the Markets in Financial Instruments Directive (MFID) and the Financial Conduct Authority (FCA) regulations.
As the name suggests, eToro has a copy trading function, allowing clients to follow the trades of up to 100 other users at once. It also has an exemplary social trading platform, allowing clients to share trading ideas and trading tips. The site has over one million users.
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