Top 12 Forex Brokers in the World 2014

Top 12 Forex Brokers in the World

1. Broker #1: IG Group

Overview: IG Group is one of the most established brokers in the world, offering a wide range of financial products, including Forex.

Key Features:

• Regulated by the FCA and other major financial authorities.
• Offers access to over 80 currency pairs.
• User-friendly platform with advanced trading tools.

Pros:

• Extensive market coverage.
• Strong regulatory oversight.
• Educational resources for traders.

Cons:

• Higher minimum deposit requirement.
• Limited in some countries.

2. Broker #2: Saxo Bank

Overview: Saxo Bank is a Danish investment bank that offers online trading and investment services, including Forex.

Key Features:

• Regulated by multiple global financial authorities.
• Advanced trading platforms with extensive charting tools.
• Competitive spreads on major currency pairs.

Pros:

• Strong reputation and trustworthiness.
• High-quality trading platforms.
• Extensive research and analysis tools.

Cons:

• High minimum deposit.
• Complex fee structure.

3. Broker #3: CMC Markets

Overview: CMC Markets is a UK-based broker that has been providing online trading services since 1989.

Key Features:

• FCA-regulated.
• Offers over 300 Forex pairs.
• Intuitive platform with powerful trading tools.

Pros:

• Wide range of currency pairs.
• No minimum deposit.
• Advanced trading tools and educational content.

Cons:

• High fees for overnight positions.
• Limited account types.

4. Broker #4: Forex.com

Overview: Forex.com is one of the largest Forex brokers globally, known for its transparency and regulatory compliance.

Key Features:

• Regulated by the FCA, CFTC, and other major authorities.
• Offers a variety of trading platforms, including MetaTrader 4.
• Competitive pricing and fast execution.

Pros:

• Extensive market access.
• Strong regulatory framework.
• Low minimum deposit.

Cons:

• Limited product range beyond Forex.
• Customer support can be slow at times.

5. Broker #5: XTB

Overview: XTB is a global Forex and CFD broker known for its award-winning platform and customer service.

Key Features:

• Regulated by the FCA and other European regulators.
• Offers over 50 Forex pairs.
• Innovative xStation platform with powerful analysis tools.

Pros:

• Excellent customer support.
• Low trading costs.
• User-friendly platform.

Cons:

• Limited educational resources.
• High fees for withdrawals.

6. Broker #6: OANDA

Overview: OANDA is a well-established broker with a strong reputation for transparency and reliability in the Forex market.

Key Features:

• Regulated by the CFTC, FCA, and other top-tier regulators.
• Offers a wide range of currency pairs and CFDs.
• User-friendly platform with advanced charting tools.

Pros:

• No minimum deposit.
• Strong regulatory oversight.
• Competitive spreads.

Cons:

• Limited account types.
• No MetaTrader 5 platform.

7. Broker #7: Pepperstone

Overview: Pepperstone is an Australian-based broker known for its low-latency execution and competitive pricing.

Key Features:

• Regulated by ASIC and FCA.
• Offers over 60 Forex pairs.
• Low spreads and fast execution.

Pros:

• Excellent execution speeds.
• Strong regulatory compliance.
• High leverage options.

Cons:

• Limited research tools.
• No proprietary trading platform.

8. Broker #8: eToro

Overview: eToro is a popular social trading platform that allows users to copy the trades of successful traders.

Key Features:

• Regulated by the FCA, CySEC, and ASIC.
• Innovative social trading platform.
• Wide range of assets beyond Forex.

Pros:

• Easy-to-use platform.
• Social trading features.
• Strong community of traders.

Cons:

• High spreads.
• Limited advanced trading tools.

9. Broker #11: Exness

Overview: Exness is a leading Forex broker known for its excellent trading conditions and transparent practices.

Key Features:

• Regulated by CySEC and the FCA.
• Offers instant withdrawals and a wide range of payment methods.
• Provides MetaTrader 4 and MetaTrader 5 platforms.

Pros:

• Tight spreads and low fees.
• Fast execution and reliable services.
• 24/7 customer support.

Cons:

• Limited educational resources.
• Not available in some countries.

10. Broker #12: OctaFX

Overview: OctaFX is a well-known Forex broker that offers competitive trading conditions and a user-friendly platform.

Key Features:

• Regulated by CySEC and other authorities.
• Offers MetaTrader 4, MetaTrader 5, and cTrader platforms.
• Attractive bonuses and promotions for traders.

Pros:

• Low minimum deposit.
• Tight spreads and low fees.
• Various account types for different trading styles.

Cons:

• Limited customer support channels.
• No support for US traders.