In this website I always try to recommend the best to trade in the Forex market and that’s why in this entry I recommend the Brokers that I consider to be the best to trade both because of their regulations, low commissions and spreads, account types, trading platforms and their clients’ opinions.
I assure you that the Brokers mentioned here are excellent and beyond what I can say that information can be verified by yourself with their regulators and also the official pages of these five Brokers, keep in mind that from here you can register in any of these five investment platforms (keep in mind that if you belong to a country of the European Union the maximum leverage is limited to 1:30 for financial instruments of the market and up to 1:2 for cryptosystems).
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What are the best brokers to trade in the Forex market in 2020?
This is a Top 5 in which the best Brokers are mentioned, as such the information is very brief, but you can expand it in the individual entries of each platform which are linked from here, now, these Brokers are:
In the first place of this top five we have the InstaForex Broker which I consider to be the best broker for trading on the Forex market, InstaForex is the number one broker in Asia and beyond that this broker stands out in the rest of the world as one of the best due to its regulations, trading platforms, account types and tight commissions.
InstaForex is a Broker with tight spreads for trading on the market and apart from that it charges very low commissions for each lot executed, I assure you that this Broker will meet your expectations when trading on Forex as it is the best one you can use, for more information about this Broker visit the “InstaForex Review – Excellent Broker for Forex Trading” entry.
InstaForex offers various types of accounts and each and every one of them has a maximum leverage of up to 1:1000, in addition there are various trading platforms such as MetaTrader 4, MT5 and Webtrader, besides the minimum deposit for any of the InstaForex account types is from just one dollar or one euro. If you want to register in InstaForex you can do it from here:
In the second position we have the Broker Libertex, another excellent financial broker to trade in the foreign exchange market, Libertex is online since 1997 and since then provides excellent services, today this Broker has already accumulated more than two million active clients and this continues to grow over the days.
Libertex only offers one account type for all traders, both retail and wholesale, although having only one live account is more than enough as your minimum deposit is only 10 dollars or euros and you have a maximum leverage of up to 1:500.
This Broker is characterized by not having spreads and only charges a standard commission for each lot that is executed through its platform, it should be noted that this commission may vary depending on the financial instrument that is used, but it is quite tight so you do not spend much money by way of commissions, for more information about this Broker visit the entry “Meet Broker Libertex” and to register on their platform do it at once from here:
In the third place of this top five we have the Broker RoboForex, this is one of my favorite brokers, being an excellent company of high prestige worldwide, as its name says they specialize in automated trading, however, beyond that they also provide excellent services to those people who want to trade on their own account without the use of trading robots.
RoboForex is another Broker duly regulated and authorized, this financial broker offers various types of accounts that fit the needs of any investor and apart from that has multiple trading platforms that make available to its clients, the spreads at commissions are quite tight and in the case of the spreads they start from 1.3 pips, the minimum deposit in this Broker for your most basic account goes from 50 dollars or euros for more information about the types of accounts of this Broker visit the entry “Types of RoboForex accounts” and for general information about RoboForex visit this other “RoboForex Review – Forex and CFD Broker”.
The maximum leverage offered by RoboForex used to be up to 1:1000 but since 2019 that has changed and now the maximum is up to 1:2000, being as such the highest maximum leverage that a Broker can offer, in case you want to register at once with this Broker visit the login:
In fourth place we have the Forex Time Broker popularly known as FXTM which was founded in 2014 and to date already has over one million active customers worldwide, this broker is as but as good as those mentioned above and has a highly technological interface that allows excellent development for traders and this I say with my own solid arguments because I have made trading from its platform on multiple occasions.
This Broker adapts to any Trader and offers many types of accounts, its most basic account requires a minimum deposit of only five dollars or euros, it has a maximum leverage of up to one per thousand and its spreads are adjusted starting at 1.5 pips depending on the financial instrument used to trade in the market, in case you want more information about FXTM visit this entry “FXTM Broker Review – Features and Opinions” and to register at once in its platform do it from here:
In fifth and final place is the Alpari broker who has been offering its investment services on the market for more than 20 years. This broker is excellent and the main advantage beyond being regulated is that it has been online for many years. Alpari is a broker that, like its predecessors, adapts to the needs of any type of investor, offering multiple account types and its most basic account requires a minimum deposit of only one dollar or more. In addition, this broker offers various trading platforms and a maximum leverage of up to one per thousand.
Alpari aims to provide its clients with the highest standards in financial services by offering excellent and competitive professional service on Forex. In this Broker, you can trade using the powerful MetaTrader 4 and MetaTrader 5 platforms with which most traders make their investments on the currency market.
For more information on Alpari Brokers, please visit the following link “Alpari Review – Leading Online Forex Broker” and if you would like to open an account with them now, then click here:
Keep in mind that all the brokers I mentioned offer trading platforms for mobile devices, do not mention it in every broker so as not to be repetitive, but it is important for you to know that with any of the five brokers mentioned you can trade from your mobile phone whether it is Android or Apple.
Risk Warning: CFDs are a difficult product to understand and the CNMV believes they are not suitable for retail investors given their complexity and risk.
Warning for EU citizens: CFDs are complex instruments that carry a high risk of losing money quickly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You need to understand how CFDs work and whether you can afford to take the high risk of losing your money.