Capitalco serves customers around the world as an introducing broker of FxPro with a global product line based on the most innovative online trading experience by offering superior trading environment and a wide range of educational materials
How to choose the Best Forex Broker ?
Traders identify key features and advantages to choose the best broker. An award winning online broker like FxPro provides its traders with industry’s best trading platforms, a multi-asset product with access to top-tier liquidity and professional trading conditions.
The broker must be specialized in Contracts for Difference (CFDs) on foreign exchange, futures, shares, cryptocurrencies, spot indices, spot metals and spot energies.
In addition to overall trading experience, your broker should offer widely used trading platforms like MetaTrader4 and MetaTrader5, web-based, downloadable software, mobile, charting, tight spreads, exclusive customer support, trading education and research, and most important trustworthiness.
Through extensive research and a strict adherence to our robust methodology, we have determined the best forex brokers in all of these areas and more, which has resulted in our top rankings below.
Our mission has always been to help people make the most informed decisions about how, when, and where to trade and invest. Given recent market volatility and the changes in the online forex brokerage industry, we are more committed than ever to providing our traders with unbiased and expert reviews of the top trading platforms for ivestors of all levels, for every kind of market.
✓ FxPro: Best Global Forex Broker with Highest Rating in the Investment Industry.
✓ Saxo Capital Markets: Best Forex Broker for Advanced Traders.
✓ Interactive Brokers: Best Broker for Institutional Investors.
✓ Pepperstone: Best Forex Broker for Retail Experience.
FxPro: Best Forex Broker
✓ Account Minimum: USD 100 (Classic)
✓ Platforms: MT4, MT5, cTrader, FxPro Edge
✓ Ultratight spreads with No Commission on MT4, MT4 Instant and MT5 accounts
✓ Ultrafast execution
✓ Ultralow latency equinix datacentre co location
✓ Ultradeep liquidity
✓ FxPro operates as a No Dealing Desk intervention broker
✓ Ultrafast withdrawals
✓ Profesisonal education and free reserch tools
✓ Five Star multilingual Customer Service 24/7
✓ Deposit / Withdrawals Support 24/7
✓ Best for: Beginner, Advanced and Professional Traders
✓ FxPro UK Limited – authorized by the FCA (UK) registration no. 509956
✓ FxPro Financial Services Limited – authorized by CySEC (Cyprus) registration no. 078/07
✓ FxPro Financial Services Ltd – authorized by FSCA (South Africa) registration no. 45052
✓ FxPro Global Markets Ltd – authorization by SCB (Bahamas) registration no. SIA-F184
FxPro started its operation in 2006 as an online forex broker and since then enhanced its service dramatically, by its aim and follow of a client-centric approach well‑known throughout the industry as a trustworthy and reliable broker. In fact, FxPro now serves retail and institutional clients from around 170 countries, which made it one of the leading Forex Brokerages. FxPro range of forex pairs and the ability to trade equity indices, cryptocurrencies, commodities, futures and a wide range of over 2000 different shares set them a way above competitors in the industry.
FxPro offers traders algorithmic trading through cTrader, which is an advanced algo and technical indicator coding application that allows traders to create and build algorithmic trading strategies and custom indicators. FxPro also offers a Virtual Private Server (VPS) that enables clients to upload and run MT4 Expert Advisors and algo bots 24 hours a day, without needing to keep a trading terminal running.
FxPro: How are you protected ?
The regulated status of the broker ensures its legit status, a regular check on the performance from the respected authority that ensures the client’s deposit by the set of protective measures. Client funds are stored in segregated accounts of European investment-grade banks, while the trader is a participant in the Financial Services Compensation Scheme (FSCS) of investors in case of insolvency, as well trade with negative balance protection.
Saxo Capital Markets: Best for Advanced Traders
✓ Account Minimum: USD 10,000 (Classic)
✓ Fees: Competitive FX spread costs; Host of additional costs
✓ Best for: Advanced / Professional Traders
Saxo Capital Markets
Denmark’s Saxo Bank Group (Saxo Bank), founded in 1992, classifies itself as “a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.” The company embraced the technological advancements of the late 90’s in launching one of the first online trading platforms in 1998. Saxo Bank has operated in the United Kingdom since 2006 through its subsidiary Saxo Capital Markets U.K. Ltd (SCML) and, like many forex brokers, it doesn’t accept U.S. traders.
Saxo Capital Markets provides services for advanced traders. It offers a broad variety of brokerage services geared towards sophisticated active traders, investors, professionals, and institutions. Smaller account holders will encounter a number of unusual obstacles that include higher account minimums, a variety of fees, and fewer customer support options. Tiered accounts lower trading costs and add benefits as equity grows, but the majority of retail traders will have a tough time reaching the higher customer tiers. The company is ranked as the winner for Investopedia’s Best Forex Broker for Advanced Traders in 2020.
Interactive Brokers: Best for Institutional Investors
✓ Account Minimum: USD 100
✓ Fees: Fixed per-share pricing of $0.005 per share traded with a $1.00 minimum and a maximum of 1% of the trade value. Includes all exchange and most regulatory fees.
✓ Best for: Institutional Investors
Interactive Brokers is ideal for institutional investors and sophisticated active traders who want a robust trading platform and access to a long list of asset classes. The broker has broadened its appeal, introducing new products, services, and educational content aimed at less active traders and investors but there are fees for all that additional services.
Pepperstone: Best for Retail Experience
✓ Account Minimum: 200 units of the base currency
✓ Fees: Spread costs; Overnight financing costs
✓ Best for: Retail Experience
Since opening its doors in 2010, Australia-based Pepperstone Group has emerged as a top-tier player in the online brokerage landscape, building a highly competitive and full-featured trading portal that focuses on forex, shares, indices, metals, commodities and even cryptocurrencies.
Pepperstone offers uncomplicated access to the markets which allows the client to focus on the complicated task of trying to successfully trade the markets. Pepperstone is ideally suited to traders that want a manageable range of low-cost offerings, multiple choices of user interfaces and account types, and efficient customer support.
How to Choose the Best Online Forex Broker ?
You will need to ask yourself several questions during the process of searching for the best broker:
✓ Are you a beginner or advanced trader ? You will want a broker that has great educational material about Forex and CFD trading as well as solid customer support.
✓ Do you have a certain amount for an initial investment ? FxPro allows traders to start with minimum deposits of a $100 with no transaction fees, which can be a great opportunity for individuals with limited access to funds.
✓ Are you always on the go and in need of a multi-asset mobile platform ? FxPro offers comprehensive mobile app delivering state of art features and trading environment.
✓ Are you an advanced or professional trader ? FxPro offers more to professional traders including advanced order types and full-featured charting platforms with a wealth of analytical tools, algo trading and expert advisors, etc.
✓ Do you like to trade a wide range of financial instruments ? The range of products offered by forex brokers varies, and you’ll want to choose a broker that provides a wider range of financial instruments including currency pairs, spot indexes, commodities, shares, spot energies, spot precious metals and cryptocurrencies.
✓ All of these factors should be considered carefully before choosing an online forex broker. We’re here to help with our reviews, ratings, and rankings, but ultimately, you must determine which forex broker is best for you.
Section: Forex Guide
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