Top Forex Brokers Trading Platforms

Do you want to invest in forex? Then, you need to know how reliable and trustworthy forex brokers are before committing your investment into their hands. We bring to you the top forex brokers trading Platforms.

Not all Forex brokers are reliable, in fact, some are outright frauds. To help you make an informed decisions in this regard, I have compiled this list of world’s most trusted and most reliable Forex brokers you can trade with.

What is the Forex Market?

The foreign exchange market is where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in Nigeria and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the Nigeria importer would have to exchange the equivalent value of Nigeria naira(#) into euros. The same goes for traveling. A French tourist in Egypt can’t pay in euros to see the pyramids because it’s not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.

Top Forex Brokers Trading Platforms

Forex Trading Platforms

These Forex brokers and Forex trading platforms are free to use. All you need to do is to make deposit and start trading, no extra or special fee is required. You can check our previous article on how to fund your forex account. Another good thing is that these Forex brokers are available for both the beginner Forex traders as well as the Pro Forex traders, no distinction and you can start with any minimum deposit allowed by the brokers.

List Of Top Forex Brokers

1. FXPrimus

This is a place to trade Forex, commodities, CFDs & indices with the safest trading platform. Discover an award-winning safe trading environment, founded on the proven philosophy of success through security.

  • Minimum Deposit — No
  • Trading Bonus — 100%
  • Regulators — CYSEC, FCA
  • Accept USA Traders — No
  • Demo Account — Available

FxPrimus pride itself as industry leader in security and excellence. They are one of the major sponsors of Manchester City Football Club in England. With over 100 thousand existing clients, you are sure to be in the company of many.

2. InstaForex

This Forex broker is based in Russia, operates in Asia, has offices in London and some other parts of the world. InstaForex has won many awards as one of the best Forex brokers in the world and holds licenses in Brokerage, Dealing and Capital Management Services from the Russian Federation.

  • Minimum Deposit — $1
  • Trading Bonus — 250%
  • Regulator — FFMS
  • Accept US Traders — No
  • Demo Account — Available

InstaForex come with lots of trading and monitoring tools for easy Forex trading. It is one of the biggest Forex brokers in the world and have been around for a long time.

3. ForexTime.com (FXTM)

This Forex broker was founded in 2012 and has received many awards for innovative trading. FXTM is the fastest growing Forex broker in the world and the founder is Andrey Dashin, the same person behind Alpari Forex Broker.

  • Minimum Deposit — $5
  • Trading Bonus — 200% up to $10,000
  • Regulator — CYSEC
  • Accept US Traders — No
  • Demo Account — Available

FXTM is used by traders in over 180 countries and is gully licensed and fully regulated. The headquarter is Cyprus and housed in a luxury five story office building. ForexTime allow for both mobile and web trading, and fully packed with the choicest trading tools.

4. AVATrade

This Forex broker has its headquarter in the British Virgin Islands and is regulated by the Irish Authority (MIFID) and ASIC. AVATrade was founded in 2006 and has become one of the world’s biggest FX Brokers. Owned and managed by the Ava Capital Markets Ltd, a subsidiary of Ava Financial Ltd, AVATrade is one of the most reliable Forex Brokers in the world.

  • Minimum Deposit — $100
  • Trading Bonus — 40%
  • Regulator — MIFID, ASIC
  • Accept US Traders — No
  • Demo Accounts — Available for all accounts.

AVATrade support both web and mobile trading with a world class customer support that is available 24hrs.

5. Alpari

This Forex Broker invite you to trade Forex with them and promised you the best. They are the “Company of the Year on the Forex Market”. ECN trading. With spreads from 0.1 pips, you can Leverage up to 1:1000 and comes with free analytical tools.

  • Minimum Deposit — $200
  • Trading Bonus — N/A
  • Regulators — CYSEC
  • Accept USA Traders — No
  • Demo Account — Available

Alpari is a highly successful Forex Brokers with many years experience in the game. When it comes to security and reliability, be sure you are dealing with the best in the money business.

6.  XTrade

This Forex Broker is world class in every aspects of trading. Founded in 2003 and owned by the XTB Limits, XTrade is reputed as one of the best Forex Broker ever.

  • Minimum Deposit — $100
  • Trading Bonus — 60%
  • Regulator — CYSEC
  • Accept US Traders — No
  • Demo Account — Available

XTrade is reliable and is one of the safest platform to trade Forex with over 10 years experience in the money game. They also have some of the best trading software and support both mobile and web based trading.

7.  XM Broker

With more than 500 thousand clients, XM is one of the go-to Forex broker in the world. They are based in Cyprus and managed by Trading Point Holdings Ltd, registration number: HE 322690, (12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus).

  • Minimum Deposit — No
  • Trading Bonus — 100$
  • Regulators — CYSEC
  • Accept USA Traders —
  • Demo Account — $100,000

If you want to start trading right now, this is one of the best place to get started and you are sure of being in a secured hands.

8.  EToro

This is one of the biggest name in the industry and have been around for many years. eToro brokers is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom. One thing unique about eToro is that they allows its users to watch the financial trading activity of other users, copy them, and make their own trades.

  • Minimum Deposit — $200
  • Trading Bonus — $1,000
  • Regulators — NFA, CYSEC
  • Accept USA Traders — No
  • Demo Account — Available

With over 4.5million registered clients, you know this is the big gun in the world commodity trade. They are fully regulated by the world’s regulatory bodies and boasts some of the finest trading platforms.

9. Markets.com

Markets.com is a top Forex broker, owned and operated by Safecap Investments Limited. Just like most Forex Brokers, they are headquartered in Cyprus. Fully licensed and regulated by CySEC & FSB.

  • Minimum Deposit — $100
  • Trading Bonus — $25
  • Regulators — CYSEC, FSB
  • Accept USA Traders — No
  • Demo Account — Available

Traders at every level can benefit from the Markets.com packed resource hub. The broker offers exclusive market analysis and news, live webinars, seminars, ebook and video libraries, in addition to free 1-on-1 personal training with personal account manager.

10. FXPro

This is the number one Forex Brokers in the world and has remained the leader since 2006. FXPro is truly professional. FxPro UK Limited is authorized and regulated by the UK Financial Conduct Authority with the registration no. 509956. FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission with the license no. 078/07.

Fisayo James
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