Interactive Brokers is well known for its low costs and powerful trading platforms preferred by active and professional traders. Forex traders won’t be disappointed by the advanced trading tools available as well as real-time quotes from many of the world’s largest forex dealing banks. You can even trade stocks on international exchanges and attach a forex order to hedge the currency at the same time. At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers.

Forex trading from 0.0 pips

Our research is unbiased and independent; learn more about how we test. In our analysis of 23 international regulators across 62 of the best forex brokers, Lime Fx is considered Trusted, with an overall Trust Score of 87 out of 99. Vantage is considered highly trusted, with an overall Trust Score of 90 out of 99. In our analysis of 23 international regulators across 62 of the best forex brokers, Vantage is considered highly trusted, with an overall Trust Score of 90 out of 99. GBE brokers is considered Aigh-Risk, with an overall Trust Score of 71 out of 99. Check out our Forex Broker Compare Tool to compare dozens of the biggest forex brokers in the industry and analyze their top tools and features.

Can I trust GBE brokers?

Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders. The new Dynamic Trading tool allows you to place multiple trades simultaneously, which was a nice innovation by CMC Markets this year. IC Markets is the largest forex broker by trading volume, with over $774 billion in forex trading volume in the third quarter of 2021 alone, according to data compiled by Finance Magnates. IC Markets is also well-known as an excellent option for algo trading due to its great pricing and execution. Check out our full-length review of IC Markets, and algo traders (or traders who want to learn about HFT systems) can check out our popular guide to high-frequency trading. ForexBroker.com’s proprietary Trust Score ranks forex brokers based on their reliability and overall trust.

Forex trading FAQs

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Vantage offers its own proprietary trading app, alongside the standard MetaTrader suite of mobile apps. Vantage has built a decent foundation for a new mobile trading application with its Vantage App.

Is Lime Fx or Vantage safer for forex and CFDs trading?

If you are a beginner, you’ll first need to determine if online forex trading is suitable for you. The only limit to a possible day trading strategy is that it must, of course, be short-term and fast-paced, with trades closing the same day. Some of the best forex trading strategies for day trading include automated indicator-based strategies, where a trading signal is generated to buy or sell based entirely on the state of one (or many) market indicators.

This influences which products we write about and where and how the product appears on a page. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. To get started, simply choose from the list of Spotlight or Signals providers, decide how much you want to trade, and add any risk management parameters. In addition to copy trading features, Myfxbook Autotrade offers journal features where you can keep track of your trading history. After opening a few positions in both MetaTrader platforms, I’ve found that one of the main differences between the two is how many order types you can execute.

1. Many brokers offer sophisticated third-party trading platforms like MetaTrader, cTrader, or TradingView which can all be used for day trading depending on your preferences.
2. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
3. With a wide range of forex brokers comes a wide variety of features, specialties, and forex trading platforms.
4. Vantage is considered highly trusted, with an overall Trust Score of 90 out of 99.

How we make money

Based on our research on the regulatory status of over 60 brokers, we’ve found that Vantage holds 2 global Tier-1 licenses, while GBE brokers holds 1. Vantage holds 1 global Tier-2 licenses, while GBE brokers holds 0. Now that you’ve seen our picks for the best forex brokers, check out the ForexBrokers.com Overall Rankings.

Vantage provides Forex traders access to the most liquid global FX markets. Experience a true institutional level of trading through our deep FX liquidity pools and become an active Forex Trader in global markets. Based on my first-hand Lime Fx review, the firm is an excellent choice for traders looking for low fees, best-in-class tools and a range of global markets. Importantly, as https://limefx.name/ you can see from my comparison of other brokers below, Vantage also holds its own in terms of access to the best trading platforms. The Raw account and Pro ECN offer attractive pricing, especially for experienced investors looking for ultra-tight spreads with low commissions from $3 per side. The crisp design and slick interface makes analyzing markets and placing trades straightforward.

Changing to horizontal mode offers an optimal charting view, though frustratingly it can take a few seconds for the app to respond. Fortunately, this minor drawback is outweighed by the ease of overlaying indicators and drawing tools, plus the integrated economic calendar, newsfeed, market analysis, and even FX TV. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

However, TopFX struggles to compete with the best brokers in several categories, including market research and education. CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money.

Lime Fx shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option. We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry.

Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker’s commissions and fees, we found that Lime Fx offers better pricing overall for traders. GBE brokers provides traders 71 currency pairs (e.g., EUR/USD) compared to Vantage’s 57 available pairs. Saxo offers the most tradeable CFDs in the industry, with a staggering 60,000+ tradeable limefx website symbols available. CFDs, or “contracts for difference,” enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset. If you’d like to learn more about how CFDs work (and to see our picks for the best CFD trading platforms), check out our full-length guide to the Best CFD Brokers and Trading Platforms.

We’ve evaluated over 60 forex brokers and the top trading platforms using a testing methodology that’s based on 100+ data-driven variables and thousands of data points. Trading with a trusted forex broker is a crucial factor for success in international currency markets. As a contract for difference (CFD) trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have.

Alongside nearly 10,000 CFDs, CMC Markets offers the most tradeable currency pairs, with 158 pairs that can be quoted both ways (i.e. EUR/USD or USD/EUR), which comes to a total of 316 pairs. For example, if you are planning to trade the EUR/USD within the next ten minutes but there is a major upcoming economic news event from the U.S. Federal Reserve, that could be the worst time to trade given the potential for market volatility and price gaps, including widening spreads (depending on the broker).