We review the top Forex brokers in the industry

Know the Best regulated Forex brokers for 2021, their trading conditions, bonuses, contests and promotions.

Tap into the high potential of the Multi Trillion dollar Forex market​

 

In the last two decades Forex trading in the world has became very popular and today trillions of people across the globe trade Forex with a view to earn profits from this highly potential market. But it should be noted that though the Forex market offers a high earning potential it also comes with a high risk element. It is always advisable to take all your trading decisions with discipline and proper research.

 

Choosing the right Forex or binary broker is very crucial

For earning in Forex trading, choosing a good broker is very important otherwise you might face problems at the time of withdrawing your profits or in the worst case scenario, a broker might even wind up with their traders money. It is in this area where we can provide you with a lot of help, however your actual profitability is influenced largely by the quality of trading decisions you actually can take.  Take your time to know your Forex or binary broker properly, it's trading terms and conditions and try to always take informed decisions all through your trading career.

What makes a good broker?

 

The most important thing that makes a good Forex or binary broker is it's reliability. We have seen brokers come up with excellent bonus offers and promotions but after a while they just wind up. So caution should be exercised before deciding to work with new entrants in the Forex industry, working with brokers that are established and trusted by a large number of traders across the globe is more advisable.  it is important to consider the following before deciding to join and trade with a broker.

1. Licensing and regulation - Regulated Forex brokers are more preferable

This is the most important thing to consider in judging the reliability of a Forex or binary broker. A broker that is well licensed has to adhere with the guidelines of the regulating authority and thereby is safer to invest and trade. Also the reputation of the regulatory or licensing authority matters, the stronger the regulatory authority the more reliable the Forex broker usually is.  Following are some of the strong regulatory authorities to look for

National Futures Association (NFA), Commodity Futures Trading Commission (CFTC) - United States

 

Financial Conduct Authority (FCA) - United Kingdom

 

Securities and Exchange Board of India (SEBI) - India

 

Australian Securities and Investment Commission (ASIC) - Australia

 

Swiss Federal Banking Commission (SFBC) - Switzerland

 

Cyprus Securities and Exchange Commission (CySEC) - Cyprus

 

Autorite Des Marches Financiers (AMF) - France

 

Investment Investment Regulatory Organisation of Canada (IIROC) - Canada

2. Educational material the broker provides and demo account

Trading is not a place where a newbie can enter and start earning a lot of money straightaway. If a person wants to earn in trading, he has to devote time for learning and practice. Today demo accounts are given free of cost by almost every broker and also many top brokers provide educational material that can be used for learning. As the age old proverb still holds good, "First learn and then earn".

3. Quality of order execution of the broker

A good Forex broker will fill your trade at the best possible price and with least slippages or re-quotes. At normal market conditions like when there is no news, a good broker will fill your order fast and at market price, however at times of high impact news some deviations are acceptable. Leave a Forex broker instantly if even at normal market conditions you are facing often re-quotes or your orders are not filled at or close to the market price. 

4. Trading costs, spreads and commission charged by the broker

Every time you trade you either have to pay for the spreads or commission, so the spreads and commission charged by a Forex or binary broker can impact your profitability. Today there is competition everywhere and also among the Forex brokers. Many competent Forex brokers today offer ultra low spreads and charge very less commission on trades and hence such brokers are more attractive than the others.

 

So it is important to take note of your trading or transaction costs. If you are a day trader or trade several times in a month it is important that you choose a broker with low spreads or commissions. Along with other parameters, we do consider the spreads and commissions charged by a broker,  before reviewing and recommending it.

5. How simple and hassle free is the withdrawal process of the broker

Some brokers have instant deposit but when it comes to withdrawal they take several days and some even are on the hunt to find excuses to avoid making any payments. Such brokers should be avoided and it's better to work with brokers that are financially strong and offer hassle free and fast withdrawals.  Time is money and there is no reason for any broker to take very long or make it hard for you to withdraw your own money. It's advisable to make a small deposit at first with any broker, check out it's trading conditions and withdrawal procedure and if you are satisfied then go for bigger deposits.  

There are brokers that have instant deposits and instant withdrawals which you can have a look at here. Of course there are other things also to look for and which we have considered before listing these brokers on our website. 

6. Trading platform and mobile trading experience of the broker.

It is the trading platform through which a trader places his trades in the market and hence it's stability and quality matters a lot. The Metatrader 4 - (MT4) is still the most popular trading platform among traders across the globe though some traders choose to use the Metatrader 5 (MT5) and they are available both for Computers and mobiles.  All good Forex brokers offer both these platforms and also certain other trading platforms with some unique features.

7. Quality of customer support provided by the broker

There are many instances where a trader might need to contact a Forex broker. So your Forex broker should have good customer support and should be easily approachable at the time of need. Leave a broker as soon as possible if it is not having good customer support or is not solving your queries on time. Note that some Forex brokers provide excellent support during account opening or during deposit of money but their after sales services is bad, some brokers turn deaf and dumb when it comes to queries related to withdrawal of money.

We do consider the quality of customer support before listing a Forex or binary broker on our website, but you as a trader needs to be always alert because none other than God knows what is in store for the next day. 

We help your chose the right Forex brokers

 

In the first place we don't merely review a Forex or binary broker just because it's willing to pay us for advertisement.  We only review reputed Forex brokers that are trusted by a large number of traders, have strong establishment and provide a trading environment where traders can actually  make good profits.

Trading with more than one broker can facilitate your trading performance since this way you can benefit from certain features, trading conditions or bonus offers that a particular broker is offering. Note that all top Forex brokers compete with each other and strive to improve their performance in order to keep their existing customers and secure new customers. 

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List of top Forex brokers that we recommend

1.

Avatrade

Min deposit

withdrawal time

Payment methods

$100

Withdrawals are usually processed within 4-12 hrs but sometimes may take up to 48 working hours.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney.

2.

Deriv

Min deposit

withdrawal time

Payment methods

$5

Withdrawals are processed within 1 working day.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Fasapay, Perfect Money, Qiwi, Paysafe, Jeton Wallet, Sticpay, Airtm, Deriv payment agents, bitcoin.

3.

Exness

Min deposit

withdrawal time

Payment methods

$1

Withdrawals are usually processed instantly by Exness, if a withdrawal is not subject to instant execution, it will be processed within 24 hours.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Perfect Money, Jeton Wallet, Jeton go, Sticpay, online bank transfer, Netbanking, bitcoin.

4.

FBS

Min deposit

withdrawal time

Payment methods

$1

Not instant, but withdrawals are super fast and are usually processed in 15-20 minutes. However in some cases withdrawals may take up to 48 hours.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Perfect Money, Sticpay, Globe pay, FBS Exchangers, Google pay, bitcoin.

5.

Forex4you

Min deposit

withdrawal time

Payment methods

$1

Forex4you have an excellent track record for processing withdrawals. Withdrawals are timely, fast and their average withdrawal processing time is 287 mins. that is the average time taken for processing withdrawals is 4 hours 47 mins, which is an excellent thing in itself.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Perfect Money, Netbanking, bitcoin.

6.

Fxopen

Min deposit

withdrawal time

Payment methods

$1

Withdrawals via electronic payment systems are usually processed within 1 business day. Bank wire transfers may take 1-3 business days.

Bank Wire, Credit card, Debit card, Webmoney, Perfect Money, CashU, Qiwi wallet, Epay, AdvCash, Airtm, Intellect money, FasaPay, Yandex Money, Instant local bank transfer,

7.

Fxoptimax

Min deposit

withdrawal time

Payment methods

$10

Withdrawals are usually processed within few hours but can take up to 1 business day.

Bank Wire, Skrill, Neteller, Perfect Money, Fasapay.

8.

Hotforex

Min deposit

withdrawal time

Payment methods

$5

Withdrawals are usually processed instantly by Hotforex, however withdrawals via bank transfers and debit/credit cards takes 1-3 working days.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Perfect Money, online bank transfer, Bitcoin-Bitpay

9.

Nordfx

Min deposit

withdrawal time

Payment methods

$10

Withdrawals through online payment systems are processed within 1 business day. Bank transfers can take up to 3 days while withdrawal through bank cards can take up to 5 days.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Perfect Money, Paytoday, Dragonpay, Local deposit/withdrawal.

10.

Octafx

Min deposit

withdrawal time

Payment methods

$50

Withdrawals are superfast and timely, Octafx processes most of it's withdrawals within an hour or two.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Netbanking, UPI,bitcoin.

11.

Weltrade

Min deposit

withdrawal time

Payment methods

$25

Though not instant, withdrawals are super-fast and the company is known for timely withdrawals. Weltrade processes it's withdrawals within 30 mins.

Credit card, Debit card, Skrill, Neteller, Webmoney, Perfect Money, Qiwi wallet, Fasapay, Local bank (Indonesia), bitcoin.

12.

XM Group

Min deposit

withdrawal time

Payment methods

$5

XM group is trusted by traders across the globe for safe and hassle free withdrawals. Withdrawals are processed by Xm within 24 hours, usually in a few hours.

Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Online bank transfer.

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Disclaime

 

The content provided on the website includes general information, our personal analysis and views, which are intended for educational and research purposes only. When choosing any Forex or binary broker or taking any investment or financial decision, you should apply your own discretion, use your knowledge and intelligence and do the research. We do our best to timely update the information on our website but does not guarantee that the information is necessarily provided in real-time nor is it necessarily accurate. Any trading or other financial decision you take shall be at your sole and full responsibility, and Strategicinvestor.net cannot be held responsible for any losses incurred by you. Our team studies a broker or promotion before listing it on the website but Strategicinvestor.net does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website. Strategicinvestor.net and it's team, officers, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.

Risk disclosure

 

This website includes information about contracts for difference (CFDs), cryptocurrencies and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Trading in CFDs and cryptocurrenciesare carries a high level of risk that may not be appropriate for all investors. Strategicinvestor.net encourages you to study, do the analysis, perform your own research before making any trading or investment decision.

Advertiser Disclosure

 

Strategicinvestor.net mission is to provide reviews about Forex and binary brokers and their promotions that are unbiased and objective. Operating as an online business, we may earn through third party advertisers but it shall not bias or influence our reviews and opinions.

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