Ally Invest, a subsidiary of Ally Financial, is a company with a strong history of serving customers with compelling financial products since the early s.

In , Ally Financial founded Ally Invest to give investors all the tools they need to be successful in the stock market. Since then, the company has grown to be one of the top investing and trading platforms online. Some of the perks investors enjoy when working with Ally Invest include:. Ally Invest has earned its position as a member of the cream of the crop in forex, the stock market, and finance in general. Through more than years of service to the financial community, the company has been an innovator in the provision of compelling financial services in the United States.

Trading forex is a different process than investing in stock and, according to The Balance , many forex traders lose money, especially new traders.

Much of this lack of success can be attributed to a lack of understanding of how the forex market works. Some of the most important factors you should consider before diving into the market include:.

If you plan on trying your hand in the space, one of the most important moves you will make is choosing the right brokerage to work with. Your broker should have top-of-the-line charting, research, and trading tools, come with regulatory oversight, and have a successful record of service to the financial industry. The brokers listed here fit that bill to a T. Skip to content Advertiser Disclosure Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers.

com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. com does not include all banks, credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation.

Advertiser partners include American Express, Chase, U. Bank, and Barclaycard, among others. Invest Money 5 Best Forex Brokers and Trading Platforms of By Joshua Rodriguez.

FEATURED PROMOTION. Table of contents. You own shares of Apple, Amazon, Tesla. Why not Banksy or Andy Warhol? Check out our guide to trading forex for beginners here. The next step will be deciding on your trading budget.

This is especially important given the risks involved in trading forex from a margin account. Forex brokers typically offer a range of contract sizes so you can fine-tune the size of your trade — which will determine how much risk you are taking for a given profit target.

In this case, your potential risk will be limited — but so will your potential rewards. For most beginners, trading forex with an amount of capital that you can afford to lose can be a great way to learn with less risk, and can be of value if you focus on the percentage returns rather than their dollar value.

IG takes first place in our Annual Review as the best forex broker, with available currency pairs and the ability to trade CFDs and forex options, traders have plenty of choices. IG is the only broker that is regulated in both Switzerland and the U. expand What does it mean to be the biggest forex broker? What can be considered the largest forex broker may vary depending on the time period used to measure size.

Important factors to consider when gauging the size of a forex broker are the assets under management, number of clients, and market capitalization valuation for public companies. Here are the top 10 brokers by forex and CFD trading volume according to data compiled by Finance Magnates during the third quarter of data excludes Japan due to the abnormally high trading volumes known to come from Japanese brokers :.

CMC Market's Next Generation platform comes with a massive selection of nearly 10, tradeable instruments. It delivers a terrific user experience, as well as advanced tools, comprehensive market research, and an excellent mobile app. Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders.

The new Dynamic Trading tool allows you to place multiple trades simultaneously, which was a nice innovation by CMC Markets this year. If you're a fan of mobile platforms — or trading forex on the go — see our picks for best forex trading apps here. What do you value most in a forex broker? Maybe you want to trade forex on the go. You might be looking for the most cost-effective forex brokers. Or maybe you are a beginner forex trader who is just getting started.

With a wide range of forex brokers comes a wide variety of features and specialties. IG offers the most tradeable CFDs in the industry, 19, CFDs, or "contracts for difference," enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset.

Alongside nearly 10, CFDs, CMC Markets offers the most tradeable currency pairs, with pairs that can be quoted both ways i. As a highly-trusted and regulated global brand, Interactive Brokers IBKR provides everything professional traders might need, from advanced trading tools and platform features to competitive pricing across a wide variety of markets, as well as connectivity to over global exchanges.

In addition to competitive spreads and low commission-based pricing for forex, Interactive Brokers provides more third-party research than any other broker. Interactive Brokers continues to innovate its platform offering, such as with its new Impact app for environmental, social, and governance ESG investing, alongside the related Impact dashboard available in its Trader Workstation TWS desktop and WebTrader platforms. Professional client status : In today's highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA's professional client status with their broker.

Traders designated as Professionals in the EU do not receive negative balance protection and other consumer safety mechanisms such as eligibility for compensation schemes in the event of a broker's insolvency. To determine the best forex brokers for professional traders, we broke down each broker's active trading program, and compared all available rebates, tiers, and all-in costs.

Trading platforms were then tested for the quality and availability of advanced trading tools frequently used by professionals. Here are three of the most important factors to keep in mind when choosing an online broker for forex trading. Not sure how to go about choosing a forex broker? Check out our Forex Broker Compare Tool to compare dozens of the biggest forex brokers in the industry and analyze their top tools and features.

Our Compare Tool is fed by data gathered by our expert researchers for our forex broker reviews , so you can feel confident you have the most up-to-date information at your fingertips. To see an intuitive, comprehensive list of highly regarded regulatory agencies, check out our Trust Score page. Also, be sure to check out our in-depth reviews of forex brokers — we detail the regulatory status of each individual forex broker across the international forex landscape.

Here are the Overall rankings for the 39 online brokers who participated in our Annual Review, sorted by Overall ranking. Was this helpful? Yes or No. At ForexBrokers. com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers.

Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies click here to learn about how we calculate Trust Score. We test all available trading platforms for each broker — whether they are proprietary or come from third-party providers — and evaluate them based on a host of data-driven variables.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS Ultimately, our rigorous data validation process yields an error rate of less than.

For a full explanation and accounting of our research and testing process, please click here to learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Unlike other brokers, the Markets. com demo account is unlimited, so you can practice as long as you like. com gives you the option of three different forex trading platforms: Web Trader, a desktop app, and a mobile app.

So you can trade on whatever device you choose, wherever you happen to be, as all three give you the same profile. Official website of the forex platform IC Markets. From the Land Down Under comes IC Markets. The regulatory authorities further oversee it in Seychelles and Cyprus.

If you want a dependable forex broker with a proven track record and impeccable credentials, then check out IC Markets first. They are a go-ahead bunch that never stands still in terms of its service offering or the technology it deploys. They offer three main account types. In common with most other forex brokers today, they offer Islamic swap-free accounts as well.

The accounts use either MetaTrader 4 and 5 or cTrader. IC Markets has worked hard to get its market share. They are user-focused and continuously on the lookout for innovations to improve the user experience. So they are quite progressive in that regard. This strategy has paid dividends so far in terms of growth and expanding its international customer base in the face of tough competition. They do go after new forex traders and support them well with an extensive library of educational resources.

However, the actual platform itself may appear daunting at first for newbies with its array of forex tools and levers. Newbies will benefit from starting with a demo account. The ten platforms we have reviewed here. Namely, IQ Option , BDSwiss , eToro , FxPro , XTB , Admiral Markets , FXCM , Libertex , Plus , and ICMarkets. However, your definition of what is best may be radically different from someone else. Best is a very subjective term. Best can be best defined as the platform that is the closest match to your forex trading objectives and preferences.

Some platforms are better suited for beginners, others for more advanced forex traders or large volume traders. However, we are confident that the ten brokers we showcase here cover all the bases. You should have no trouble finding a forex platform to serve your needs. Yes, you can. These are free and allow you to learn the platform and get you up to speed with forex trading. Demo accounts are risk-free as you are trading with virtual cash to learn the ropes. Some demo accounts are good for 30 days; a few are unlimited.

Not in the sense of a casino or horse race track, no. Unlike horses or blackjack, the odds are tipped in favor of the trader who knows the forex market and how to trade. As professional traders, we know what to look for when choosing a good forex trading platform. It is important to check the broker by certain criteria. First of all, you should have a look at the regulation of the broker. There are some scam websites that are unregulated and trying to rob the customers of money.

So be very careful and only trade with platforms that are fully regulated. Then it is important to check the trading conditions and offers of the forex platform. Most brokers are offering a free demo account so you can test it by yourself. The support for customers should also be checked. No one wants a forex broker who is not answering important questions or helping his own customers.

There are plenty of forex platforms around to choose from. Indeed, over-choice is a little bit of a problem. These are ten forex platforms that go beyond expectation for various reasons. In our research, we identified the ones from the pack that displayed distinguishing characteristics. The platforms that offer a little more than others. That special x-factor that sets them apart.

We have also highlighted the forex platforms we firmly believe are leaders in the field. The ones we think are suitable for beginners, have exceptional ease of use, transparency, and excellent overall trading conditions. We think you may well agree with our picks of the bunch. The message is clear, though. What we have done is whittle the process of elimination down to a shortlist of ten candidate platforms.

And zero in on the forex platform that feels custom-built for your needs. Last Updated on November 10, by Andre Witzel. Risk Warning: Your capital can be endangered.

Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The texts on this page are not an investment recommendation.

Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.

You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results. This site uses cookies.

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The list of the 10 best Forex Trading platforms:.

How will a Biden presidency affect the dollar or British pound? How will the GBP fare against the Euro in a post-Brexit world? When you want to profit from the markets you will need a professional Forex Trading Platform. These types of current affairs questions are precisely what cuts to the very heart of forex trading.

Having an insight into the answers could enable you to make a tidy profit by placing money on which way pairs of currency move. This is how you can make money trading in the foreign exchange markets. But you should be aware that forex markets are highly volatile and dynamic.

Profits — and losses — can be made in seconds. You often need nerves of steel to be sure to jump in the right direction. In this article, we will present you the best 10 platforms for Forex Trading. Read about the conditions and start trading with the lowest spreads.

You should consider whether you can afford to take the high risk of losing your money. To get going, you will need to find an online forex broker to place your orders. In this review, we spotlight the ten best forex trading platforms overall. We have applied various criteria to enable these platforms to secure a place in our top ten. The criteria include ease of use, speed of execution, fees, trading tools, learning resources, market analysis, and real-time data.

Precisely the same benchmarks you would use to draw up your own shortlist of forex platforms. Official website of the forex platform IQ Option. This online broker traces its beginnings back to the binary options markets. Today, though, it has evolved into a fully-fledged forex broker offering its trading platform as a desktop app, a browser extension, and a mobile app. You can use IQ Option on whichever device happens to be the handiest for you.

One of the first things you will notice is how easy and intuitive their platform is; even novices should quickly pick it up. As forex trading is an inherently risky business, IQ Option has sought to remove much of the pain through risk management tools. These include adjustable leverage, stop-loss, and take-profit settings to help protect your capital.

Another vital area where IQ Option is particularly strong is market news and technical analysis and evaluation of the currency markets. These aspects are crucial if you are to make sense of what is happening globally that could impact forex trading — and your profits.

Their news service is supported by over technical analysis and indicator tools to provide you with the essential insight you need to make for successful forex trading. Official website of the forex platform BDSwiss. But BDSwiss is more than merely a forex broker trading on an archetypal reputation. It delivers as well, and by some measure. The numbers, they say, speak for themselves. And talking of withdrawals, BDSwiss states the average time for a withdrawal to drop is five hours.

Not too shabby compared to many other customer support teams we have all encountered in the past. The forex industry has long recognized BDSwiss excellence with multiple awards wins bursting their trophy cabinet at the seams. BDSwiss is, then, a safe pair of hands for your forex trading.

The company is well regulated in numerous jurisdictions, including the US, Seychelles, Germany, and the European Union. Official website of the forex platform Etoro. This Israeli-developed forex platform is hands down the best for social copy trading. Launched in , eToro is today synonymous with social network trading.

eToro is considered a low-risk broker as it is regulated in two tier-one jurisdictions in Australia and the UK. In addition, it is further regulated in a tier-two and a tier-three jurisdiction. And certainly will top the category for social trading, for sure. But what makes this behemoth of the forex trading marketplace so special? For starters, it has been designed from the ground up for novice traders.

You are unlikely to find a simpler entrance into forex trading. This is because eToro is incredibly easy to use and boasts a user-friendly platform. There are some educational resources available on the site. But they are a little thin considering eToro bills itself as a platform custom-designed for beginners. Plus, the single biggest attraction of eToro is its copy trading chops. Official website of the forex platform FxPro.

As an all-rounder, FxPro does a pretty good job. When you use FxPro for your forex trading, you immediately understand that things have been thought through. As you navigate around and trade foreign exchange currency pairs, it becomes clear that everything works seamlessly. All the dots have been joined together logically. While it may not have the cheapest fees around, this is more than compensated because the platform works exceptionally well and is rock solid.

And who can put a price on that kind of peace of mind? And it does live up to this ambitious claim. With regulation in multiple jurisdictions, FxPro is considered a low-risk broker. It is subject to regulation in the UK, Cyprus, South Africa, and the Bahamas. Additionally, FxPro has been around since , making it one of the more long-established forex outfits.

Since its founding, FxPro has executed million orders for almost 1. If you have traded forex in the past, you will appreciate the choice of platform that is available, namely, MetaTrader 4 and 5, cTrader, and they are proprietary developed, FxPro Platform. We are no exception. We cannot hesitate to recommend this remarkable forex platform to anyone who cares to listen.

He has marginally less silverware than XTB, but as a brand ambassador, we must infer he has an uncanny knack for picking a good team. He may well be onto something with XTB, to be fair. When you sign up, you are assigned a manager to help with your forex trading account. Unlike other platforms that offer forex as an add-on to their portfolio of services, XTB is laser-focused on forex trading and you can also trade more than 1, assets.

You can trade up to 48 currency pairs, with spreads as low as 0. And it is all conducted within their safe and secure online platform. Their award-winning platform appeals to both veteran forex traders and novices alike.

The trading environment is transparent and well supported through real-time market analysis, live stats, and arguably the most comprehensive charting tools anywhere. Official website of the forex platform Admiral Markets. This forex platform is one of the elder statesmen of forex trading, having been established for 19 plus years.

Admiral Markets is a globally regulated, multi-award winner that lets forex traders gain access to the markets on the industry-standard platforms, MetaTrader 4 and 5. There are several good reasons to give Admiral Markets a big thumbs up.

Since being formed in , Admiral Markets has made steady progress in expanding into the forex trading machine it has become today. You can be assured then that Admiral Markets is not some fly-by-night outfit. Two hundred dollars is at the higher end of the scale, so you ensure the account you open has negative balance protection.

This tool is an essential consideration when using leverage, and not all Admiral Markets accounts have it as standard. You may wish to investigate Admiral Markets with a demo account first before committing yourself.

Their demo accounts last for 30 days and give you a live trading experience but with virtual cash. You can extend the 30 days demo to unlimited if you wish by opening a live account. But you will need to go through the full document verification process for a live trading account. Official website of the forex platform FXCM. FXCM has been around so long it has had time to shorten its name from Forex Capital Markets, the handle it was using at launch in The brokerage is regulated in the UK, the European Union, South Africa, and Australia, so there are no worries on that score.

It has an interesting mix of trading platforms, comprising MetaTrader 4, ZuluTrade, Trading Station, TradingView, and NinjaTrader. It is equally diverse in its trading accounts. FXCM is not the prettiest of interfaces, the website in particular. Functional would be the best description. However, aesthetics apart, you can be sure FXCM is the business for forex trading.

They have had two decades to get things spot-on for their clients. They are ultra-contactable. You can get a hold of real humans via live chat, phone, email, and SMS text. Should you need to pick up the phone, there are 42 country-specific numbers, spanning South Korea to Venezuela and points in between. And if your internet connection goes belly up, you can call their trading desk and place orders by phone.

Benefits of the FXCM forex trading platform:. Official website of the forex platform Libertex.

As such, always tread with caution. Like in a real-life order your knowledge is raising, so it is vital that one not skip their classes or levels in this particular case. CySEC, FSCA, ASIC, FCA. eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors — or receive exclusive perks for sharing their own trading strategies. The brokers listed here fit that bill to a T. It is also registered with FINRA in the US.

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