Forex Reviews Ι Stocks and CFDs Brokers

When you want to trade Forex, Stocks, Futures, Cryptocurrencies, Bonds or CFDs, there’s always a broker or an exchange where you can open an account to facilitate your trading.

In fact, since trading became popular on the internet, hundreds of brokers have sprang up and they all masquerade as “the best brokers” to trade with on the internet.

Some of the features they use to lure traders include:

  1. Education capabilities
  2. Market research and analysis including weekly trade ideas
  3. AI software for trading
  4. High leverage and tight spreads
  5. Deposit bonuses
  6. Cutting-edge trading platform

Because there are literally hundreds of brokers on the internet offering the same exact thing, one may ask:

How do we choose the best broker and avoid the bad ones?

To answer that question, we’ve selected 3 brokers that we think have at least met industry standards.

These brokers are ranked according to features, level of customer support, regulations, reputation and many other factors.

On the other hand, we leave traders to decide which brokers they want to choose. Usually, one trader’s style is different from another trader’s strategy.

The two traders cannot be satisfied by one broker due to their varying trading styles and needs in general.

The list of the best brokers to trade with

As we’ve said previously, we’ll rank brokers based on their capabilities and most of these parameters are looked at in favor of the client.

So we’ll also look at how they handle customer funds, structure of their business, whether or not they’re regulated and also length of time that they’ve stayed in operation.

On top of that, we usually update this list to reflect any changes or actions that may have been taken against any broker by their respective regulatory authorities.

We’re only listing brokers that are regulated by financial organizations listed below:

FCA (United Kingdom)

ASIC (Australia)

Cysec (Cyprus)

BaFIN (Germany)

CFTC (United States)

FSA (Japan)

FSCA (South Africa)

FSC (Mauritius)

IFSC (Belize)

FSP (New Zealand)

ISA (Israel)

DFSA (United Arab Emirates)

SEBI (India)

Some of the financial regulators above are made up for independently governed agencies while others are operated by the Central bank of the country where the financial regulator is based at.

FXChoice

Our Ratings: 80/100

Regulated: IFSC/60/191/TS/19

US Traders: Yes

Withdrawal time: Under 24 hrs

MT4 and MT5: Yes

Leverage: 1:200

Minimum Deposit: $100

Support: Very Good

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OctaFX

Our Ratings: 75/100

Regulated: FCA 19776 IBC 2011

Withdrawal time: Under 2 hrs

MT4 and MT5: Yes

cTrader: Yes

Leverage: 1:500

Minimum Deposit: $50

Support: Very Good

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iqoption

Our Ratings: 75/100

Regulated: CySec

Assets: Forex, Stocks, Options, Crypto

Withdrawal time: Under 2 hrs

MT4 and MT5: No

Leverage: 1:100

Minimum Deposit: $10

Support: Good

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