best forex brokers

Best 4 forex Brokers

FBS

1.EXNESS Review

Summary of EXNESS Group Trading Company

Exness Trading Company has been working in the Forex market since 2008. The broker operates legally in more than 130 countries, fully complying with local laws in all jurisdictions. The Exness group of companies holds licensed issued by the following regulatory authorities: FCA (UK), CySEC (Cyprus), FSA (Seychelles), CBCS (Curacao and Saint Martin) FSC (British Virgin Islands), FSC (Mauritius), FSCA (South Africa) , CMA (Kenya). The broker is also a member of the Financial Commission, providing up to EUR 20,000 insurance coverage per client in the event of a force majeure. The service is regulated by licenses of CySEC (Cyprus Securities Commission), FCA (Office of Financial Regulation and Supervision of Great Britain) and FSA (Office of Financial Regulation and Supervision of the Republic of Seychelles). The broker holds the leading position in Forex ratings. The company’s monthly trading turnover totals $325.8 billion USD. The broker currently has CFDs available for cryptocurrencystocksmore than 120 currency pairs, energy and metals. Exness’s service provides favorable working conditions for traders: low commission, instant execution of orders and withdrawal of funds. There are several options for opening an account depending on the traders’ needs. A demo account is available – a training account that is useful for both beginner level traders and professional traders.

💰 Account currency:35+ currencies, including EUR, CHF, ZAR, INR and others
🚀 Minimum deposit:Standard, Standard Cent, Standart Plus – 1 USD, Raw Spread, Zero, Pro – $200
⚖️ Leverage:1:2000 at the start, 1:Unlimited under condition of opening 10 positions and trading at least 5 lots (500 lots for the cent account)
💱 Spread:Standard, Standard Cent – from 0.3 pips, Pro – from 0.1 pips, Raw spread, Zero – from 0 pips, Standard Plus – from 1 pip
🔧 Instruments:Currencies, assets of stock and commodity markets, cryptocurrencies
💹 Margin Call / Stop Out:Standard: 60/0%, Standard Cent: 60/0%, Standard Plus: 60/0%, Pro: 30/0%, Raw spread: 30/0%, Zero: 30/0%

NOTE!

Do not miss a chance to get additional monthly bonuses and payouts for trading at EXNESS Group.

Enter the referral code when you register on the website or EXNESS Group app available on App Store or Google Play:

l0b2c9g5 

*TU may receive partnership reward for registration of the client on the company’s website on a referral link.

Your capital is at risk.
 
👍 Advantages of trading with EXNESS Group:
  • Free VPS hosting; to qualify, you need to trade for a minimum of 14 days and lifetime deposits of $500;
  • Instant withdrawal of money 24/7;
  • Segregated accounts;
  • Narrow spreads;
  • Trading platforms: МТ4, МТ5 (desktop and mobile versions), Exness Trading Terminal (browser and mobile versions).

👎 Disadvantages of EXNESS Group:

  • extend its customer service to offer support 24/7;
  • Exness Training resource section is currently only available in English language only. Could benefit from being offered in multiple languages.

Overall

Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.

Visit EXNESS Group

Your capital is at risk.

Geographic Distribution of EXNESS Group Traders

 
 Thailand 55.12%
 
 Vietnam 25.12%
 
 South Africa 3.66%
 
 Kenya 0.86%
 
 Brazil 0.71%
 
 Japan 0.55%
 
 Namibia 0.41%
 
 Saudi Arabia 0.33%
 
 India 0.14%
 
 Egypt 0.1%
 
 Others 5%

FBS FULL REVIEW

FBS (fbs.com) is an international broker operating in 190 countries. The brokerage company has been on the market for over 10 years, and during this time it has earned about 40 international awards. It is regulated by the CySEC under license number 331/17 and provides flexible conditions for Forex trading. In addition to classic currency pairs, the company’s clients can trade indices, futures contracts, exotic currencies, and metals. FBS is especially popular in Asian countries such as India, Malaysia and Indonesia.

💰 Account currency:EUR
🚀 Minimum deposit:€10
⚖️ Leverage:1:3000
💱 Spread:From 1 pip
🔧 Instruments:Forex, indices, metals, futures contracts
💹 Margin Call / Stop Out:40% / 20%

FXPESA FUll Review

FXPesa is a retail trading broker based in Kenya. Clients can trade a broad range of currency pairs, plus CFDs on indices, commodities and shares. This FXPesa review will cover everything you need to know about the broker, including typical spreads, leverage, deposit methods and withdrawal options.

FXPesa Headlines

FXPesa is a relatively new forex and CFD broker that was established in 2019. Its headquarters are in Kenya, in the capital Nairobi, and the company has offices scattered around the country.

FXPesa is the trading name of EGM Securities Limited and is regulated by the Capital Markets Authority (CMA) of Kenya. The company is considered trustworthy by Kenyans, as the parent company is also regulated by the CMA and is well-known in the industry.

The broker provides services to most global traders, however, some countries, such as the USA and Israel, are excluded.

Trading Platforms

FXPesa offers both a web platform and a desktop trading app for PC, known as FXPesa Trader. Both platforms are available through the broker’s website. With the web-based platform, no download or installation is required. Once you sign in with your account login details, you’ll receive full access to all forex and CFD markets. The platform is simple, easy to navigate and provides all the tools required.

In addition to the proprietary platform, MetaTrader 4 (MT4) is also available. MT4 is one of the most popular trading platforms in the industry. While the layout can seem a little dated, navigation is intuitive, making it easy to open and close trades. MT4 is equally suitable for beginners and advanced traders and comes with a host of additional features, including automated trading, signals, advanced charts, plus research and analysis tools. MT4 is free to download for clients on both Windows and Mac.

Assets

FXPesa specialises in forex pairs and CFDs. The key assets available include:

  • Index CFDs – 12 global indices, including the Nasdaq 100
  • Forex – 66 currency pairs, with a range of majors, minors and exotics
  • Commodity CFDs – There are eight commodities, including gold, silver, oil and platinum
  • Share CFDs – A variety of stocks from the Nairobi Stock Exchange (NSE) are available as well as US, UK and European shares

When comparing FXPesa vs competitors like Scope Markets, the broker offers a substantial range of trading instruments.

Note, cryptocurrencies like Bitcoin are not available.

XM Full Review

XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted more than 5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.XM Profile Details

💰 Account currency:USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR (can be changed depending on the account type)
🚀 Minimum deposit:Micro, Standard — 5 US dollars, XM Ultra Low — 5 US dollars, XM Zero — $5. XM Ultra Low and XM Zero accounts are not available to all entities of the Group.
⚖️ Leverage:Up to 1:1000 (*The maximum leverage for clients registered under the EU and AU regulated entity of the Group is 30:1. Leverage depends on the financial instrument traded)
💱 Spread:Micro, Standard — from 1 pip, XM Ultra Low — from 0.6 pip, XM Zero — $3.5
🔧 Instruments:CFDs on currency (including cross rates), shares, stock indices, precious metals, energy products, cryptos (are not available under the EU regulated entity of the Group)
💹 Margin Call / Stop Out:50%/20% (The margin call and stop out levels for clients registered under the EU regulated entity of the Group are 100% and 50% respectively)
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