Best Forex Brokers - Top 5 Brokers for 2020 - Traders Union

October 2020

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Selecting the best Forex brokers is important for successful trading in the Forex market. It is a challenge for professional and novice traders to choose the best brokerage firms with the best trading conditions. Learning the details regarding commissions and the availability and types of trading instruments; and analyzing various types of trading accounts are tasks that must be mastered before choosing the best Forex broker for traders.

The Traders Union experts constantly analyze the activities of Forex brokers in different countries according to many criteria. When preparing our rating, we focused on the size of the spreads, the sets of supported trading tools, the quality of the support service, and several other important factors. The best Forex brokers in 2020 according to Traders Union was compiled based on these data.

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Below you will find all the information.

The rating of Forex brokers was created also based on the members of the Union trade characteristics, as the Traders Union has access to them. No one else in the Forex market has such an opportunity to analyze data from hundreds of thousands of traders simultaneously. This is precisely why the Traders Union ratings of Forex brokers is the best and most objective ratings system of Forex brokers today.

  • 1

    #1 Best Forex Broker FxPro

    The FxPro broker was registered in February 2006 in Cyprus. The company’s activities are licensed by financial regulators: CySEC (Cyprus), Bahamian SCB, FCA (UK), and South African FSB. FxPro is successfully operating in more than 170 countries for retail and institutional clients. The broker has received more than 70 awards, including “Best Forex Trading Platform” and “Best Trading Platform”. FxPro has become known for providing the best trading tools. With FxPro broker, traders can trade more than 70 currency pairs, futures and stocks (Twitter, Apple, Google). The company has stock indices, metals and energy resources at its disposal. FxPro sets high safety standards with the client's funds being kept in large international banks. They are insured and separated from the broker's equity.

    👍 FxPro broker has an obvious advantage over competitors:

    a unique service to protect accounts from negative balance. The broker offers automatic transactions monitoring and a special risk management system, due to which a negative balance is excluded;
    investor compensation fund, ensuring the clients' funds;
    trusted and reliable advisors for trading available for novice traders;
    reliable customer support and a wide range of services, even in conditions of negative balance on traders' accounts;
    personal manager services and daily market analytics for VIP-accounts holders;
    the company’s capital exceeding 100 million euros;
    “Islamic” accounts availability (no swaps) for traders adhering to the Sharia principles;
    a high level of training of research department specialists, who provide clients with the most reliable working conditions.

    👎 FxPro weaknesses in comparison with competitors:

    the minimum deposit is $100, which can be high for novice traders;
    not enough debugged registration procedure for the affiliate program.
  • 2

    #2 Best Forex Broker Admiral Markets UK

    The Admiral Markets broker company commenced operations in 2001. The broker’s activities are registered and licensed by the Australian Securities and Investments Commission (ASIC). Admiral Markets now operates in more than 40 countries with a cash cycle of up to USD 40 billion. The broker holds a lifetime license issued by the Federal Financial Markets Service. It is also regulated by the Financial Conduct Authority (FCA). Access to the FX+Project as one of their specific features. In 2002 Admiral Markets was awarded the “Forex 2012” (“Best of the Best”) by The New Europe Magazine.

    👍 Admiral Markets broker has an obvious advantage over competitors:

    professional legal protection if necessary;
    a wide range of training materials for novice traders;
    quick withdrawal of profits.

    👎 Admiral Markets weaknesses in comparison with competitors:

    frequent quotations slippages;
    lack of relevant news;
    lack of a trading session schedule;
    overestimated commissions when trading.
  • 3

    #3 Best Forex Broker XM Broker

    XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. It has diversified and is now an international broker operating in almost 200 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.

    👍 XM Group broker has an obvious advantage over competitors:

    ECN-accounts for trading, with a guaranteed absence of requotes. The speed of order execution by XM Group broker almost does not exceed 1 second;
    the absence of charges over narrow spreads (the so-called "markup");
    a wide range of trading instruments: over 55 currency pairs (including cross rates), cryptocurrencies, stocks, raw materials (grain, cocoa, cotton), metals (palladium and platinum inclusive);
    no commission on the part of the company for depositing or withdrawing funds. The costs of payment system services are covered by the XM Group broker;
    multilingual customer support twenty-four/five.

    👎 XM Group weaknesses in comparison with competitors:

    no PAMM-accounts, social trading platforms and other passive profit opportunities;
    limited choice of trading platforms. The broker offers just various modifications of MT4 and MT5 to work on PCs and mobile devices.
  • 4

    #4 Best Forex Broker AvaTrade

    AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.

    👍 AvaTrade broker has an obvious advantage over competitors:

    a wide range of trading tools;
    services accessibility on five continents due to the availability of appropriate licenses;
    day-and-night all-around customer support in 14 languages;
    wide selection of trading platforms;
    mobile versions of trading platforms for much more comfortable trading;
    swap-free accounts for Muslim clients, excluding elements of gharar and maisir;
    segregated account where you can store customer funds safely and securely;
    possibility to conduct automated trading using tools such as advisors, indicators, etc.;
    no restrictions for scalping supporters in trading;
    large amount of quality training materials; regular webinars for traders of varying degrees of preparation.

    👎 AVATrade weaknesses in comparison with competitors:

    website interface that requires simplification and improvement;
    insufficient operational efficiency of support specialists;
    periodic trading terminal freezing.
  • 5

    #5 Best Forex Broker FXTM

    Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission), South African FSCA (Financial Sector Supervision Authority), UK FCA (Financial Conduct Authority), and FSC (Mauritius Financial Supervisory Commission). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).

    👍 FXTM broker has an obvious advantage over competitors:

    large number of trading accounts with various conditions satisfying any trader requirements;
    accessible and relevant training materials for novice traders;
    opportunity to use automatic programs in trading.

    👎 FXTM weaknesses in comparison with competitors:

    periodic delay in funds withdrawing;
    a very limited choice of services for investors (only a system for transactions copying);
    low efficiency of customer support;
    no access to trading on weekends (Saturdays and Sundays);
    no opportunities for passive earnings (PAMM accounts).

Brokerage companies from the TOP-5 list are reliable and proven Forex brokers who always provide their clients with high-quality services. These characteristics allow us to recommend these brokers as the best in the Forex market.

5 Best Forex Brokers in 2020
5 Best Forex Brokers in 2020
Position Broker’s name Regulation Min deposit
№ 1 FxPro FCA (Great Britain), CySEC (Cyprus), FSCA (South Africa), SCB (Bahama Islands) $100
№ 2 Admiral Markets UK FCA (Great Britain), CySEC (Cyprus), ASIC (Australia) $200
№ 3 XM Broker ASIC (Australia),IFCS (Belize), and CySEC (Cyprus) $5
№ 4 AvaTrade This broker is regulated by the Australian ASIC, Japanese FSA, and South African FSCA. $100
№ 5 FXTM The company’s activity is regulated by CySEC (Cyprus Securities and Exchange Commission), South African FSCA (Financial sector surveillance authority), UK FCA (Financial Regulatory Authority), as well as FSC (Financial Supervision Commission of Mauritius) $5

Top 5 Best Online Brokers for Beginners

Below you will find a table compiled by the Traders Union’s specialists based on an analysis of key indicators of Forex brokers, which are critical for beginner traders. It presents the most popular brokers among beginner traders.

5 Best Online Brokers for Beginners
5 Best Online Brokers for Beginners
Broker Minimum deposit Types of accounts for beginners Additional payment from Traders Union
Admiral Markets UK $1 Demo-account, Zero 25% of the broker's net profit
XM Broker $5 Micro-account, Demo-account $8 per lot
FXCM $50 Demo-account, Mini-account 1 pip per 1 lot
FXTM $10 Demo-account, Cent from $5 per lot
FxPro $100 Demo-account $4.8 rebate per 1 standard lot

More about Brokers for Beginners

5 Best Brokers for Investments

When a trader decides to become an investor, he needs to select the best Forex broker with the most favorable conditions for investing. After all, there are hundreds of brokerage companies and many of them already have very favorable investment programs.

The broker’s experience and whether the broker is a member of a Forex regulatory agency are key factors to consider when assessing the reliability of a broker. Moreover, it is to be expected that the broker's experience is determined by the age of the agency. Therefore, we do not recommend cooperating with brokerage companies that were founded less than 3-5 years ago. They may well be promising and convenient for small investors, but a limited operating history in the global exchange market may indicate that the company is not yet competent to handle a serious financial event (such as a global financial crisis). A broker’s lack of experience could cause you to lose your entire investment.

We have included the best Forex brokers of 2020 for investors in the table below. The list is regularly updated and adjusted by the Traders Union specialists.

5 Best Forex Brokers for Investors
5 Best Forex Brokers for Investors
Broker Regulator Minimum deposit Type of Investment program Charge from the Traders Union
RoboForex IFSC $10 RAMM, Auto-trading (CopyFX) 40% of broker’s profit
FXTM FCA, CySEC, FSCA, FSC $10 FXTM Invest $8 per lot broker’s commission
Instaforex FSC $1 PAMM accounts, auto-trading (FOREX COPY) 1.6 pips per lot
FxPro CySEC, SCB, FCA, FSCA $1 RAMM (SuperTrader) $20 up to $300 million trade CySEC, FSCA $250 Strategy Builder, Strategy Template 28% of spread

More about Brokers for Investments

Top 5 Best Bitcoin Forex Brokers in 2020

It is extremely important to choose a trusted broker for successful trading to protect your investments from fraudulent activities. Here you can find a list of the largest and best Bitcoin brokers offering to trade a BTC/USD pair and other cryptocurrencies.

5 Best Bitcoin Forex brokers
5 Best Bitcoin Forex brokers
Broker Minimum deposit Cryptocurrencies available Types of account for Bitcoin trading Extra charges by Traders Union
RoboForex $10 26 cryptocurrencies, including Bitcoin, Bitcoin Cash, Dash, EOS, Ethereum, Ripple и Litecoin, etc. Prime, ECN, Pro-Standard, Pro-Cent, R-Trader 80% from 50% of the broker’s profit
Exness $1 Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash, etc. Standard, Pro, Zero, Raw Spread 80% from 40% of spread
InstaForex $10 Bitcoin, Bitcoin Cash, Ether, Ripple, Litecoin, etc. Insta.Standard, Insta.Eurica, Cent.Standar, Cent.Eurica 80% from 2 pips per lot
FXCM $50 Bitcoin (BTC/USD), Ethereum (ETH/USD), Litecoin (LTC/USD), Bitcoin Cash (BCH/USD), Ripple (XRP/USD), EOS (EOS/USD), Stellar (XLM/USD) , etc. Demo, Mini, Standard, Active Trader 80% from 1 pips per lot
FXTM $10 Bitcoin, Ethereum, Litecoin, Ripple, etc. Standard 80% from $8 per lot

More about Bitcoin Forex Brokers

Top 3 CFD Brokers in 2020

It’s possible to refer to CFDs as financial instruments that are critical to a trader’s portfolio. But, how does the whole system work? Basically, experts calculate profit and losses by comparing the differences in price that exist between when traders enter and exit a contract.

Essentially, brokers will pay these differences depending on whether or not traders make a profit. If it’s a loss, the trader has to pay the broker the difference in prices.

For beginners to CFD trading, this can all seem like a complicated process. However, the choice of a CFD broker can make trading a seamless process.

  • This is one of the largest online networks available for social investment. Furthermore, it’s a rapidly developing brand in the area of online CFD trading and other investments.

    Today, there are over 4 million traders that choose to work with the eToro trading company. In fact, these traders come from over 140 different countries.

    With eToro, traders can rest easy knowing they’re dealing with a reliable company. This CFD broker is under the regulation of the FCA and CySEC authorities. Even with a quick check of online reviews, it’s easy to determine the reliability and integrity of this trading partner.

  • XM broker is a company that has been making positive waves in the Forex and CFD markets since 2009. Today, they have over a million active customers making them a powerhouse in the world of online CFD and forex traders.

    For traders wondering which are the top CFD brokers in 2020? Well, this company is one of them. It’s an industry leader that has over 120 different specialists in its employ.

  • IG Markets claim it’s the world-leading provider of CFD trading services. Traders won’t find many reviews or experts that disagree with this school of thought.

    For starters, millions of brokers from around the world trust IG Markets. The appeal of this CFD broker is in its strict regulation and supervision. The company is evaluated by a host of local bodies, including the UK FCA, the US CFTC, and NFA, the Singapore MAS, and the Bermuda Monetary Authority.

As one of the top CFD brokers in 2020, traders can expect the best level of service. They offer advanced trading options to foster a long-term business relationship.

More about CFD Brokers

Best Forex Brokers for Scalping

For scalping, brokers who provide ECN, DMA, STP accounts with a floating spread, and market execution of orders are suitable. Brokers who offer opening orders based on the Instant Execution principle with a fixed spread is not suitable for scalping. This is due to volatility and the constant requotes that can occur. Under these conditions, the trader simply will not be able to carry out this strategy properly.

Trading in the Forex market involves certain financial risks, and when scalping, these risks increase. We recommend working only with reliable Forex brokers. The following is a list of the highest-rated brokers who are the best to use when scalping. They are also the most popular forex brokers used by traders for scalping.

Top 5 Best Forex brokers for scalping 2020
Top 5 Best Forex brokers for scalping 2020
Broker Regulation Minimum Deposit Account Types Surcharge from Traders Union
Roboforex IFSC $10 Demo, Pro-Cent, Pro-Standard, ECN, Prime, R Trader, Islamic accounts 80% of affiliate payout
Exness CySEC $1 Demo, Standard Cent, Standard, Standard Plus, Raw Spread, Zero, Pro 80% of affiliate payout
Tickmill FSA, FCA, CySEC $25 Classic, Pro, VIP, Demo 80% of affiliate payout
FXCM FSA $500 Demo, Mini, Standard, Active Trader 80% of affiliate payout
Instaforex FFMS, BVI FSC $1 Demo, Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica 80% of affiliate payout

More about Brokers for Scalping

Best PAMM Forex Brokers in 2020

An important feature of modern Forex PAMM brokers is that their systems are automated. In other words, the investor needs only select a manager from the list and invests with him. The manager makes bets, and the system independently distributes funds and profits. That is why PAMM accounts are the best passive income option that a Forex broker can offer.

As previously mentioned, different brokers have their own conditions. This is also true regarding PAMM accounts. It is important to understand that only part of the capabilities of a PAMM account is determined by the Forex broker. The conditions for participation are determined by the manager. However, the broker's trading decisions remain important. Therefore, the success of investments in PAMM accounts depends primarily on him.

To help you choose from hundreds of brokers in the market, we have selected the 3 Best Forex PAMM Brokers of 2020.

  • One of the oldest and most famous Forex brokers has been operating since 2009. It has the most advanced PAMM-account system called RAMM (Risk Allocation Management Model). The broker's activities are regulated by the Belize International Financial Services Commission (IFSC). The broker works with all trading platforms and its minimum deposit is $10.

  • This company was registered in 2006 in Cyprus. It is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of the Bahamas (SCB), the UK Financial Conduct Authority (FCA), and the South African Financial Conduct Service Authority (FSCA). Upon request, FxPro clients can become members of the MAM (Multi-Account Manager) system.

  • This company started its operations in 2007 in Sydney, Australia. The company is licensed to provide financial services (AFSL) and is also regulated by the Australian Securities and Investments Commission (ASIC). IC Markets offers its clients an "Investment Manager" program, which provides consulting services on participating in the MAM, PAMM, and LAMM systems.

More about PAMM Forex Brokers

Best Forex Brokers in Europe

The European Union in itself is a highly productive and beneficial region for all sorts of Forex activities. Economic integration provides a higher and safer ground for trade. Simultaneously, forex activities in such competitive and potent areas can be rather complicated and risky. Your budget, investment options, potential scammers, and other risks are an inevitable part of the journey.

Luckily, the Traders Union has the support of reliable and expert Forex brokers. When you involve in Forex via Traders Union brokers, you mostly make your investments secure. There's no loss of money; instead, you get a routine cashback!

Top 5 European Forex Brokers in 2020
Top 5 European Forex Brokers in 2020
Company Trading Platforms Trading Instruments Trading Currencies Deposit and Withdrawal Means Leverage Range
FxPro MetaTrader 4, MetaTrader 5, cTrader, FxPro Markets Forex, Spot metals, Spot indices, CFD for shares, CFD for agricultural products, CFD for energy, CFD for indices -10 USD, AUD, JPY, CHF, GBP, EUR, PLN Bank cards, bank transfers, electronic payment systems 1:1 – 1:500
Admiral Markets MetaTrader 4, MetaTrader 4 mobile version, MetaTrader 4 Supreme edition, MetaTrader 5 CFD for Spot metals, spot energy resources, spot indices, index futures CFD, CFD for securities EUR, USD, GBP, CHF, BGN, CZK, HRK, HUF, PLN, RON Wire Transfer, Visa, MasterCard, Maestro, E-wallets 1:25 – 1:500
XM Group MT 4, MT 5, MT 4 multiterminal Forex trading and CFDs on Stocks, Commodities, Equity Indices, Precious Metals, and Energies USD, EUR, GBP, JPY, CHF, AUD, RUB Visa, MasterCard, Maestro, Bank transfer, electronic systems 1:1 – 1:888
Ava Trade MT4, Ava Trader, MirrorTrader, ZuluTrader, Mobile app, Ava Trader Web, MT4 Web Forex, Metals, CFD, trade options, securities USD, EUR MasterCard, Wire transfer, electronic systems 1:200 – 1:400
FXTM MT 4, MT 5, iOS/Android, Multiterminal, WebTrader, Desktop Forex, Spot metals, Share CFDs, CFDs on commodity futures, CFDs indices, CFDs on cryptocurrency EUR, USD, GBP, INR, IDR, PLN, NGN, CZK, RUR, GSH, DZD, MYR, AFN, LAK, VND, EGP, BDT, IQT, THB, CNY, TZS, BTC, ETH, LTC, DASH Bank cards, local transfers, Bank Wire, E-wallets Exinity Limited: 1:1000, ForexTime Limited: 1:30, ForexTime UK: 1:30

More about European Forex Brokers

Best Forex Brokers in US

The Traders Union specialists constantly analyze the activities of Forex brokers in different countries according to many criteria. When preparing our rating, we focused on the size of the spreads, the sets of supported trading tools, the quality of the support service, and several other important factors. The Top 5 of the best Forex brokers in the USA in 2020 according to Traders Union was compiled based on these data.

US-regulated Forex brokers
US-regulated Forex brokers
Position Company name Regional restrictive regulations Characterization
№ 1 Is registered with the CFTC (U.S.), NFA (U.S.), and FCA (U.K.) 9,4
№ 2 IG Markets Is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) 9
№ 3 Thinkorswim by TD Ameritrade Is regulated by the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and the Commodity Futures Trading Commission (CFTC) 9,3
№ 4 Interactive Brokers Is regulated by the Financial Conduct Authority (FCA), the US SEC, and CFTC and is a member of the SIPC ( compensation scheme 8,6
№ 5 OANDA Is regulated by the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) 7,2

More about US Forex Brokers

Our Assessment Methodology for Evaluation of Brokers

We evaluate and assess each broker using over 100 objective criteria, resulting in an average score for each Forex broker, which characterizes all aspects of its work. We also take into account its trading volume, which we have access to thanks to hundreds of thousands of traders of our Union. We also take into account reviews on brokers by their traders, which we curate on our website. As a result, according to our unique algorithmic matrix, which is applied to all companies, our program impartially calculates the overall average for each company and its position in the rating. This makes our rating system the most objective and independent in the Forex market.

More about Our Assessment Methodology

Latest Customer Reviews

Ich arbeite seit etwa 4 Monaten mit FxPro. Die Bedingungen sind gut und es gibt viele verschiedene Instrumente. Der Kundensupport ist nicht schlecht und sie haben ein gutes Terminal. Ich muss erwähnen, dass es keine Einschränkungen bei der Verwendung von Strategien und Robotern gibt. Ich kann ihnen sicher eine 9 von 10 geben. Ich handle nur und es ist einfach, das zu bekommen, was ich brauche. Das Wichtigste ist, dass ich meine Gelder leicht auszahlen kann. Was soll ich sonst noch sagen?

Der Swissquote-Broker ist eine Definition von Schweizer Qualität. Die fortschrittliche Handelsplattform ist blitzschnell und stürzt nicht ab. Die Auftragsausführung lässt nichts zu wünschen übrig und es gibt keine Fehler. Hier ist alles auf einer anderen Stufe und Sie können frei handeln wie ein echtes Ass. Ich bin hoch erfreut, mit einem ausgezeichneten europäischen Broker zu handeln und ein Paket zu schnüren. Dieser Broker verdient glaubwürdige Kunden. Als ich das erste Mal auf diese Website kam und mich hier registrierte, war das ein großer Freudentag für mich. Die Transaktionen waren erfolgreich, und das Geld wurde pünktlich ausgezahlt. Ich kann diesen fabelhaften Broker also nur wärmstens empfehlen. Alles läuft wie eine Schweizer Uhr.

Ich arbeite schon seit etwas mehr als 2 Jahren in Admiral Markets. Seit Anfang meiner Zusammenarbeit mit diesem Broker war er zuverlässiger als andere, mit denen ich zusammengearbeitet habe. Sie bieten die günstigsten Handelsbedingungen. Der Support-Service ist immer verfügbar und sie sind sehr reaktionsschnell.
Sie haben einen guten Ein- und Auszahlungsservice. Ich plane, auch in Zukunft mit diesem Broker zusammenzuarbeiten. Admiral Markets bietet großartige Möglichkeiten für Anfänger. Ihr Support-Team bietet die notwendige Unterstützung. Ich kann sie nur wärmstens empfehlen.

Circle Markets seems to be nothing but a Forex trading scams. It's absolutely impossible to contact their office. They're kind of bottled up, I read about them on the web and decided not to sign up.

I got deceived here. Atiora agents would do anything for traders not to get their money back. They don't care about the law or undertaken obligations. I tried to withdraw my $200 profit, they declined it and sent me a list of violated agreement clauses. But I've never had such problems before... they change the conditions as they wish!

I've been an Alfa-Forex client for about 4 months. I've lost more than $1,000, but decided to go on and deposit $3,000 more to keep trading. The money was credited instantly, I won back my losses, but as soon as I ordered withdrawal of the whole amount, my request was declined with no reason at all. Later they told me there were no trading orders on my account, so I couldn't prove my profits. I have all the videos! screenshots! Run away from them not to get in trouble!

It's been more than 24 hours since I sent the money to my trading account. The sum was deducted from the credit card, but was never credited to the trading account. Customer care began to ignore my queries. Quite a strange set of circumstances, to my mind.

AlfaTrade is no brokerage, it's nothing but a bunch of shameless liars that cannot be trusted. All their promises eventually lead to losing money! I deposited 300 USD and traded up to 500 USD account balance. Then I tried to withdraw 150USD, and that was it. Those sharks began to blackmail me, demand further depositing, and threaten to block my account.

This is the company where you'll definitely lose your money. I saw no informative data on order execution procedures on their website. Orders weren't closed in profit when I tried to close the positions manually. The order was not executed at the first price, then at another price, and was eventually closed by SL. I got minus, and there's no way for me to regain suffered losses. My accusations remained nothing but accusations. Customer support came up with the market activity as a reason, though there were no relevant news or strong market fluctuations.

In der Vergangenheit habe ich etwa schon 10 Broker ausprobiert, und obwohl einige von ihnen ehrlich waren, waren die meisten immer noch unehrlich. Es bringt Erfahrung mit sich, wenn Sie nach einem ehrlichen und transparenten Broker suchen. FxPro ist einer von den ehrlichen Brokern. Sie zeigen echte Assetpreise an, sie sind 100% transparent und haben einen sehr guten Support. Definitiv ist das der beste Broker und der erste, dem ich vertraue.

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FAQs about the Best Forex Brokers

Is the selection of the best Forex brokers relevant?

The administration of the Traders Union portal carefully monitors the relevance of all the data provided and updates it monthly. However, you can always clarify the information indicated on this page on the official websites of the considered brokerage companies.

Where can I find the reviews about the Best Forex brokers for 2020?

You can find independent reviews of traders about their cooperation with the most popular brokerage companies on the profile pages on independent websites that host reviews for brokers and on the Traders Union website because we do it best.

Two Forex brokers are suitable for me. I find it difficult to make a choice so what should I do?

In this situation, we recommend you to open demo accounts in both companies and try to start trading in test mode. We also recommend you study the reviews again and be sure to consult with colleagues. These methods should help you make your final choice.

Are the reviews or favorable trading conditions of brokers the most important?

We believe that these are complementary points and it is not necessary to choose in favor of any single criterion. Therefore, we prepared this rating, which included the most reliable companies offering comfortable and attractive conditions for successful work in the Forex market.