For several years now, forex trading has evolved from being a small industry whose operations was restricted mainly to major cities and operated during the day to a global industry that is worth billions of dollars and is accessible to all 24/7 via the internet. For those interested in forex trading, a large number of forex brokers exist online who not only trade currencies on your behalf but also provide trial or demo accounts that are free that train people on how to trade currencies, provide information on the latest trends in the forex market and trader support in several languages.
Best Top Forex Brokers Available Online
1. Alpari Forex Broker
Alpari is one of the top forex brokers online due to its high quality service to currency traders and access to some of the most popular trading platforms. Although based in New York, it has offices in London and Shanghai and accepts currency traders from all over the world. The minimum opening deposit is $500 and the minimum trade lot size is $1000. It accepts a wide variety of funding options which include; wire transfer, check, credit card and PayPal. It is the most highly rated forex brokerage firm when it comes to providing 24-hour support to customers. Alpari also provides one-click trading and Pro-account holders can benefit from low commission trades. However, standard account holders have fewer benefits and control over the online trading platforms as compared to Pro account holders.
2. Dukascopy Forex Broker
Dukascopy is a top forex broker that is considered one of the most reliable for European customers. Based in Switzerland, it has a minimum deposit of $100 and a minimum trade lot size of $1000. It also offers a wide variety of funding options for its customers including; wire transfer, credit card Automated Clearing House and even bank guarantees and can support transactions of up to $2 million at a go. However, Dukascopy does not accept US customers that is why PayPal is not a funding option. At the same time, unlike other forex broker firms, access to the Meta trader-trading platform is through a third party application.
3. MB Trading Forex Broker
MB trading is a forex brokerage firm that focuses on serving the US and the European customers and not only trades in forex but also futures and stocks. It has a minimum deposit of $400 and minimum trade lot size of $1000. Funding options include; wire transfer, check, credit card, and Automated Clearing House. The main advantage of this forex broker is its low commissions and ability to trade beyond forex. However, there are several nations that are on its blacklist and are not supported such as Morocco and Vietnam and nations sanctioned by the US.
All the above trading platforms are ECN regulated and with the exception of Dukascopy, which does not directly trade via Meta trader all other trading platforms including proprietary software, web based and mobile apps for all major operating systems are available.