If you use the service of a trustworthy and experienced broker, your chances to provide profitable Forex trading will increase. So, it is necessary to know what to pay attention to when choosing the brokerage company to find the best Forex trading broker.
There is a list of main features you need to focus on when selecting a brokerage agency in Europe:
- Period of work and availability of activity stoppages
- Official licensing
- Customer reviews
- Spread sizes
- The lowest deposit amount
- Access to trading platforms
- Maximum leverage
- Availability of bonuses
- Payment options for payouts and deposits
- Trading instruments
- Available currencies
- Commissions and fees
- Security system
Taking into account all the above criteria, it is possible to highlight five the best Forex brokerage agencies today:
- RoboForex
- FxPro
- XM Group
- AVATrade
- Admiral Markets
RoboForex
Benefits of RoboForex:
- Great choice of asset classes (eight positions)
- Tight spreads for standard accounts
- Generous bonus system
- Wide range of currency pairs and trading tools
- Low minimum amount of deposit — $10
- Low commissions
- Different types of accounts
- Access to other trading platforms including MetaTrader Suite
Downsides of RoboForex:
- Lack of fixed spread accounts
- Not FCA regulated
FxPro
Benefits of FxPro:
- Original automatic offers of transactions to protect accounts from the negative balances
- Availability of the Islamic type of accounts
- Personal manager service and daily analysis of the market for VIP clients
- No fees for deposits and cashouts
Downsides of FxPro:
- High minimum deposit sum — $100
- Inconvenient registration process
XM Group
Benefits of XM Group:
- 55 currency pairs
- Wide selection of trading tools including CFDs on metals (platinum and palladium), shares, and raw materials (cotton, cocoa, etc.)
- No commissions for parts of deposit and payout funds
- Multilingual client support service
Downsides of XM Group:
- Does not provide PAMM accounts and access to social trade platforms
- Small selection of trading marketplaces
AVATrade
Benefits of AVATrade:
- Diversity of trading instruments including CFDs on stocks, metals, various types of goods, and indexes
- 24/7 customers support available in 14 languages
- Different types of accounts (swap-free type for Muslim traders)
- Provision of automatic trading with such tools as indicators, advisors, and others
Downsides of AVATrade:
- Not easy-to-use website interface
- Trading terminal is periodically frozen
Admiral Markets
Benefits of Admiral Markets:
- Professional legal security system
- Plenty of free educational materials for beginners
- Instant and free payouts
- User-friendly site interface and easy registration procedure
- Low CFDs fees
Downsides of Admiral Markets:
- No trading sessions schedule
- Too high trading commissions
