When you want to start trading currency pairs in the forex market, you have a lot to think about. Of course, you need to learn as much as you can about this market and how it works, and you need to uncover the ways that other traders are able to succeed and make their money grow by buying and selling various currency pairs every day. But, beyond all of the education that you need in order to set a foundation on which you can grow as a trader, there is something else that is really important to think about: which online broker will you use?
That’s right, the online broker that you select to trade forex is something that you need to consider carefully. Although it might not seem like a big deal, choosing the right broker for your needs will make a big difference. So, to help you get started on your search for the ideal online broker, here is a list of some of the best forex brokers that are worth checking out.
HFM – Rating: 5 stars
For a lot of people around the world, HFM is considered the best forex broker, and there are a lot of good reasons why this online broker is so popular. For instance, they offer more than 3,500 trading instruments, so you can go way beyond trading in the forex market when you are ready to do that. You could, for instance, start trading metals, indices, energies, commodities, physical stocks, and CFDs, among other instruments. You can also gain access to the sought-after MetaTrader trading platform, including MT4 and MT5 for your computers and mobile devices so you can trade at home and on the go.
And this online forex broker also provides a variety of trading tools that you can use to do a range of things. For example, you can use calculators to make smarter trading decisions, or check out the economic calendar to see which upcoming events might impact the values of currencies from all over the world. As you can see, there is a lot that HFM has to offer forex traders of all experience levels, so if you are looking for a new broker or you are totally new to forex, definitely check them out and see for yourself.
AvaTrade – Rating: 4.5 stars
Another great option to think about is AvaTrade if you are in search of an online broker that will give you access to the popular forex market. You can easily open an account, and there is also the option of giving a demo account a try if you would like to do that (the demo account is free). Also, this broker will give you the option to choose from multiple trading platforms, including AvaTradeGO, AvaOptions, and MetaTrader 4 and MetaTrader 5, so you can trade on your computers and mobile devices as you please.
Plus, whether you are new to forex and online trading or you would like to learn more so you can improve the way that you trade, this online broker provides various free resources in their Education Center, so you can turn to those whenever necessary as well. And, in addition to all of that, if you ever decide that you want to trade more than currency pairs in forex, you can also stick with AvaTrade to trade in other markets, such as cryptocurrencies and CFDs.
Pepperstone – Rating: 4.5 stars
Another one of the top forex brokers that is worth your consideration is Pepperstone. This is a broker that offers a lot, so it is hard to fathom why anyone wouldn’t check them out when they are searching for a high-quality online broker. First off, they give you access to multiple trading platforms so you can choose the one that you want to use.
This is helpful because you won’t need to feel restricted to using a platform that you might not be too happy with. For instance, two of the popular platforms that you can choose from are MetaTrader 5 and TradingView. Secondly, this online broker provides market analysis, trading tools, an economic calendar, and helpful educational resources to learn how to trade in the forex market like a pro.
Plus, in addition to forex, you can use them to trade shares, indices, commodities, and cryptocurrencies – this is always helpful because you never know if you will want to start trading in other markets as you gain more experience and aim to grow your money in multiple ways over time. As you can see, you have quite a few options that are worth looking into when you want to find a top-quality broker to get started in forex. No matter which broker you decide to go with, remember to calculate risk and execute trades carefully for the best possible results.
