Top Forex Brokers

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Top Forex Brokers

#1 IQ Option

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK. IQ Option is one of the largest and most well-known brokers for trading. Unlike most competitors, the broker not only offers CFD's, but also numerous binary options. Cryptocurrencies such as Bitcoin or Ethereum can also be traded on the platform. As mentioned before, IQ Option is a broker for financial derivatives. The financial services provider has the advantage of having both CFD's and binary options in its portfolio. Traders can thus trade a variety of underlyings with different instruments. As usual with CFD trading, IQ Option always uses a lever. Put simply, investors can make disproportionately high transfers of both profits and losses of the underlying asset to their own trading account. General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

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#2 ForexTime

ForexTime Limited is licensed by the Financial Services Board (FSB) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475 and has an established branch in the UK.Still, their main focus is forex and CFDs trading. FXTM is a broker that takes all traders into consideration by offering them specific account types that are suitable for their level of knowledge and trading style. Variety of platforms, assets, and services makes FXTM one of the important players on the forex market.

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#3 Formax Prime

Formax Prime is an online broker offering an ECN trading environment for spot forex, as well as other trading instruments like indices and commodities. Forma Prime's website describes a core business approach with a focus on honesty, fairness and high standards of value and service. Of course, this does not mean that clients of Formax are certain or even likely to make money, but that they can expect fair treatment from their broker. Formax Prime uses the ECN business model. This appears to be a true ECN model from what we are able to determine from Formax Prime's Terms and Conditions, Best Execution Policy and the FCA license. This is the best business model for a forex broker because it minimizes the potential conflict of interest between the broker and the client. In this model, Forex Prime establishes a trading venue where there are multiple bids and asks provided by liquidity providers or other clients to achieve tight spreads.

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