#1 Rated* Forex and CFD broker

If we add the CySEC and FCA watchdogs, https://traderoom.info/is-plus500-a-brokerage-we-can-truly-trust/ then, we can certainly state that this broker cannot escape with any irregularity. Traders Trust provides the widely used MT4 trading platform, accessible on desktop, web, and mobile devices, offering a seamless trading experience across different devices. For the Pro account, a higher minimum deposit of €500 is required, and for the VIP account, the minimum deposit increases to €5,000. These minimum deposit amounts ensure accessibility for traders across different experience levels and investment capabilities. Based on our test trade, the firm provides competitive tight spreads, with an average spread of 0.1 pips for the EUR/USD currency pair in the Forex market.

Is Libertex reputable?

FXTM provides solid research support from its in-house team covering fundamental and technical analysis. The educational offering is also strong, including articles, ebooks, and video content to help new traders master the waves of the markets. Moreover, FXTM clients are assigned a dedicated customer solutions representative, which makes the interaction with the broker even easier. Per our findings, the broker has advantages and disadvantages that are important for traders to consider.

Traders Trust is an STP Forex broker with two branches in Cyprus and Bermuda. Jurisdiction in Cyprus is regulated by the authoritative body CySEC, but offers strict trading conditions. At the same time, the Bermuda company offers more comfortable trading conditions, but is not regulated by any government agencies. In addition, the broker offers a service for auto-copying transactions of the best traders.

Typical Spread on Majors

We were pleased with the service offered by Traders-Trust, and really couldn’t find anything bad to say about it. The fact it is an STP broker, rather than a money maker, is always going to a good point in our eyes. Give their demo account a try, and you’ll soon get a feel for their service, and be able to decide whether they are the broker for you.

Best Trading App

1. Based on our test trade, the firm provides competitive tight spreads, with an average spread of 0.1 pips for the EUR/USD currency pair in the Forex market.
2. Not all options are available to every trader, dependent on their geographic location.
3. My tests showed that FP Markets offers mid-to-low spreads compared to the broader industry.
4. Be wary of any broker or investment advisor who contacts you unsolicited from a company with which you’ve never done business.
5. Investments may not do as well as expected for legitimate reasons.

He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.

Top 3 Forex Brokers 2024

Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. The Traders-Trust support team is available 24/5 and traders can reach the support via phone, e-mail, and live chat. Trust FX​ is a Forex Broker offering Forex Trading services via Web trading platform. Regarding orders execution model, Trust FX is a b-book broker (market maker).

A separate help and support section exists, but the separation from the FAQ section is not ideal. A direct line to the finance department would be an improvement. I want to single out the competitive commission-free pricing for the crypto CFDs environment and the cryptocurrency CFDs selection at Libertex. TopForexBrokers.Net team does not trust this broker and advises you not to sign up with it. X-Connected low latency servers within the NY4 datacentre execute your trades with fast execution speeds from as low as 10ms. We’re here to help you on your trading journey all day, every day.

For example, EUR/USD spread at the Standard Account was 0.6–0.7 during my tests, while the Gold spread averaged between 18 and 20. The commissions in the Raw Spread account were also competitive, which is important for active traders. My research indicated that FP Markets provides a wide range of tradable instruments, including a huge stock offering, which is available via an IRESS account.

AvaTrade impressed me with its wide range of platforms and tools. It has incorporated MT4 and MT5, which have easy learning curves. The broker’s proprietary Web Trader platform has advanced charting capabilities, affording the execution of comprehensive technical analyses. The broker also incorporates DupliTrader, which is one of the biggest and best-known retail platforms for social trading. If a broker has a score less than 80, like this one, we won’t recommend it to you.

1. Traders Trust provides the widely used MT4 trading platform, accessible on desktop, web, and mobile devices, offering a seamless trading experience across different devices.
2. There is a beginners course covering topics such as different types of orders, winning tactics, frex terms and a glossary of concepts.
3. Do your own research, contact the broker or even go and meet them to get a much better picture of how trustworthy they really are.
4. CFDs are especially risky with 74-89% of retail accounts losing money due to high leverage and complexity.
5. There is no verification of responses necessary, and traders may answer at will, making it a nuisance and granting the regulator a good feeling about the regulatory environment.

Finally, there is AvaOptions, a platform that is specifically tailored to accommodate trading options contracts. Excerpts from full reviews in the public domain at Forex Peace Army. I’ve been using Global Prime for a while now and I’m very satisfied. Therefore, before engaging in trading activities you should carefully consider and understand the differences while trading in different jurisdictions.

Brokers can absolutely steal your money, although it isn’t common. What tends to happen more often is brokers will steer you into investments that benefit them or into investments they wouldn’t themselves make. This is why it is so important to make sure you are combing your statements regularly to ensure nothing seems off. Be wary of any broker or investment advisor who contacts you unsolicited from a company with which you’ve never done business. The contact could take the form of a phone call, email, or letter.

Trust FX offers trading of currencies, indices, stocks, cryptocurrencies, CFDs and commodities. Technology has significantly streamlined the process of checking your brokerage account. You can use mobile applications provided by brokerage firms that allow you to monitor their accounts in real-time. Many brokerage firms offer online portals accessible through web browsers as well. There are many ways to get you set up with electronic access to specific types of data, both related to your portfolio and how other types of investments are performing.

The website has a lots of useful information related to trading Forex. District Court for the Eastern District of New York, the complaint charged the individuals and four entities with violations spanning antifraud, securities, and broker-dealer registration laws. Seeking injunctive relief, disgorgement of profits, and civil penalties, the SEC had also sought officer and director bars against key figures involved in the scheme.