Choosing the best forex broker is the most important step when you are in forex trading. Someone who’s reliable, offers low spreads and commissions. A scam broker will not only cost you money, but also cost your time due to hidden fees, lack of necessary features, proper customer support etc.
Don’t worry! – SureShotFX has the list of some of the good brokers in the forex market. We have around 20,000+ clients from all over the world. And our premium forex signal channel members helped us choose forex brokers that will provide you the best service.
We researched and reviewed dozens of forex brokers to help you decide which broker is right for your needs. Meet the candidates: IG, Eightcap, IC Markets, OANDA and VantageFX.
IG forex broker is a publicly traded (LSE: IGG) conglomerate that unlike most brokers does accept US forex traders. They offer extensive range of pairs to trade, regulated by FCA (UK) and CFTC, NFA (US). With its low spread costs, good customer service and user-friendly interface- makes it in the top of our forex brokers list 2024.
Eightcap is a forex broker that maintains the perfect blend between amazing value and quality service. Narrow spreads and even fancy ECN accounts for people who want deeper forex market access. As a jack of all trades, they not only provide tight spreads, ECN accounts, but also notable educational resources, copy trading, and several platforms.
OANDA is a prominent global forex broker who’s very popular for its reliability of low spreads. Even in times of volatility, their spreads remain competitive and consistent. There are no surprises—just smooth and comfortable trading.
You can trust their reliability because of their open pricing and reporting. It is regulated by top-tier authorities like the UK FCA and Australia’s ASIC. Although, OANDA has less platform alternatives than some of its competitors, but their mobile and web apps are user-friendly for all traders. Just keep in mind that they don’t provide fancy tools or ECN accounts.
IC Markets – Traders Go To Choice
Expert traders who appreciate narrow spreads and quick execution would go with IC Marketsas their forex broker. No hidden fees or commissions, just pure price action. Just remember, raw accounts can be a bit spicy for beginners. Perfect for experienced traders who prefer high-volume trading and scalping tactics.
Account registration process of IC Markets are really easy for any trader. Like a trusted partner, it supports you in a variety of trading conditions and is suitable for experienced traders who appreciate consistency and trade in large volumes.
Vantage FX wins the award for platform versatility. You can choose between MT4 and MT5, as well as their very own trading platform. Spreads might be higher compared to others in the list. Consider them to be similar to your mood swings, which can be high or low but are slightly higher than ECN accounts. This broker also provides CFDs on stocks, indices, and commodities. Overall, Vantage is well suited forex broker. But its variable spreads and less transparency in comparison to other forex brokers can be a downside.
Bottom line is, the “best” forex broker depends on your preference and usability. We have narrowed down your search to some of the best forex broker in the market. Make sure your broker is regulated and choose a broker who offers reliable and responsive support. Don’t rush; instead, try out demo accounts while evaluating your selections. Then, with your trusted broker by your side, get out there and slay the Forex market!