6 BEST FOREX BROKERS ACCORDING TO PROFESSIONAL TRADERS

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Forex market has become one of the tools used by many people to buy and sell foreign currencies, with the hope of getting a definite profit from this activity. It is not surprising that nowadays you will find a large variety of forex brokers offering joining promotions that range from balance deposit bonuses to lucrative trading lot sizes. Well, you need to know that we summarize some of the best brokers that are widely used by people to carry out their trading activities so far. As for the names of each of these brokers, we also complete information such as broker data and some of the advantages offered. If you are curious, please just look at the information below.

Here are the Best Brokers for Professional Traders

  1. IQ Option

This broker is indeed familiar to forex traders, even those who are not familiar with forex even know what Iq Option is because of its advertisements that we can see everywhere. In accordance with its advertisements which are quite popular on the internet, this broker has many advantages that can be obtained by many traders such as a significant investment and strengthening its quality with language support from various countries in the world. Customer support 24 hours / 7 days is responsive enough to provide information and services to customers. This broker provides a large market coverage so we believe it can be a reference for you. Some things you can trade such as Stocks, Cryptocurrencies and commodities. The following is some additional information from IQ Option.

  • Minimum deposit: $10 dollars
  • Laverag Up to 1:500
  • Regulation: Fsb, CySEC
  • Broker Type : Marker Maker
  • Instruments provided: indices, ETFs, CFDs, Commodities and Stocks
  • Website: www.id-iqoption.com
  1. ETORO

This next forex broker has been around since 2020 and is one of the largest brokers in European countries. It has even expanded its wings to Indonesia, so you can start trading at this broker. In 2018, it has recorded growth of up to 100% and has offices in Cyprus and other offices in London, Moscow and Hong Kong branches. Then, Etoro also offers many fairly complete trading instruments such as indices, stocks, forex and Cryptocurrence. As for the use of the most famous trading platform from this broker, it is more intuitive and easy to use even for novice traders. There are trading applications that allow every trader to copy strategies from other traders. It’s easy and fast, so you have a higher chance of earning. The other information from this broker is as follows.

  • Minimum deposit: $200 dollars
  • Laverag Up to 1:500
  • Regulation : CYSEC, FCA UK
  • Broker Type : ECN-DMA
  • Instruments provided: indices, ETFs, CFDs, Commodities and Stocks
  • Country : Europe, Russia, UK and China
  • Website : www. etoro.com
  1. XM

Who is not familiar with this one broker? It was founded in 2009 in Cyprus and is one of the third largest brokers after IQ Option and Etoro. When viewed from the perspective of using the platform itself, the trading applications offered are Metatrade 4 and MT5 which are already superior with the latest technology in order execution. That’s why XM is very popular among active traders to this day. The following is additional information about the Xm broker that you need to know.

  • Minimum deposit: $5 dollars
  • Laverag Up to 888 : 1
  • Regulation: CySEC, ASIC
  • Broker Type : Marker Maker
  • Instruments provided: indices, Commodities, Stocks and CFDs
  • Country : Cyprus
  • Website : www. xm.com
  1. FxPro

This forex broker, which has been around since 2006 and was founded in the UK, has become one of the brokers who are more into the forex category. This type of broker is ECN / STP and has won several awards over the years, also famous for its trading platform which is quite easy to understand for novice traders. Fxpro also always provides the latest innovations to serve traders as much as possible, the presence of several technologies from this FxPro platform feature can be clear evidence that this broker will put sophistication in Forex trading matters. You can also enjoy several other services provided by FxPro such as FxPro Library, cAlgo Algorithmic and Quant Strategy builder. You can see other information from this broker at the bottom.

  • Minimum deposit: $10 dollars
  • Laverag Up to 1:500
  • Regulation: CySEC and FCA
  • Broker Type: STP (Straight Through Processing)
  • Instruments provided: Forex
  1. IG.COM

Another broker that you must use as a place to play forex is IG.COM which is one of the well-known brokers among active traders since 1974. This broker is famous for its maximum service and reliability in providing satisfaction in trading, then IG Market is also one of the brokers with the highest number of CFDs that can be accessed by many investors, to be precise there are around 10,000. Although several years ago it did not support the metatrader platform, now IG.com already has a platform called ProRealTime that can be integrated with MT4 and L2 dealers. Please see additional information from this one broker.

  • Minimum deposit: $200 dollars
  • Laverag Up to 200 : 1
  • Regulations: FCA UK, FINMA (Not for American customers) and ASIC
  • Broker Type : Marker Maker
  • Instruments provided: indices, ETFs, CFDs, Commodities , Stocks, Interest Rates, Bonds, Bitcoin and IPOs
  • Great Britain
  • Website : www. ig.com
  1. Oanda

The next best broker at position number 6 is Oanda, which has been around since 1995 and is one of the biggest players among forex traders. Furthermore, about 20% of daily spot forex operations pass through Oanda servers. The trading platform that is widely used here is the classic MT4 and also provides its own webtrader that can be used by their customers. The following is additional information from the Oanda broker.

  • Minimum deposit : No minimum deposit
  • Laverag Up to 50 : 1
  • Regulations: IIROC, Mas Singapore, CFTC, FCA UK and NFA
  • Broker Type : Marker Maker
  • Instruments provided: Commodities, Bonds, Indices, and CFDs
  • Country: United States and Canada
  • Website : www.oanda.com

So much information on the best and largest forex brokers according to professional traders. That is all and thank you.

 

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