Trillions in currency trades happen on the foreign exchange market (forex) every day, making it the world’s most active financial markets. The best forex brokers provide robust trading tools and research, a variety of tradable assets, competitive pricing, strong customer support, and user-friendly platforms.
A great best forex broker must be safe and secure. The safest brokers are regulated by a government body and adhere to strict regulatory standards. They also must have a solid reputation and be financially sound. Some brokers, like eToro and XTB, offer excellent educational content for beginners, while others, such as Pepperstone and FXTM, are well-suited for advanced traders looking for low spreads and fast execution.
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The most important thing to look for in a forex broker is whether they have an extensive range of currency pairs. Choose a broker that offers a large number of major, minor and exotic pairs to broaden your trading opportunities. Look for a broker that offers STP, or Straight Through Processing, which means the broker sends your order to liquidity providers at market price for immediate execution with no markup. Other crucial factors include trading platform, speed of execution, fees and customer service. IG stands out for its industry-leading offering in all of these areas, including its renowned TraderPro desktop platform, mobile apps, and best-in-class research. Plus, the company is a publicly-traded entity that provides an additional layer of investor protection.