Each and every forex trader out there faces the same challenge at some point in their career. This challenge boils down to choosing the right forex broker. This holds especially true for beginners who are just getting their feet wet in the forex trading environment. This choice is fairly significant for all of them since their future trading performance will depend on that choice. The truth is, all of those forex companies may differ in a number of aspects, including the offered trading conditions.
Choosing the right forex broker is not a neasy task to accomplish, especially for beginners who often lack the required knowledge about financial markets to make the right choice. Apparently, when choosing a broker to trade with such traders often keep in mind their current needs and goals. However, the reality is that most of them don’t really know how to make the right choice since this task requires taking into account a whole lot of various factors, which may later affect their trading performance.
So, how do you choose the right forex broker if you are a trader with zero or little expertise? Well, to start with, advanced traders recommend that beginners take into account the unbiased and independent rating of forex brokers created by Masterforex-V Academy. Indeed, this rating that can really guide you down the right track and show you who deserves trust, who is promising, who deserves your attention, and who can offer you the most competitive trading conditions in the indsutry. Once again, the given rating is 100% unbiased since it is based on a number of quantitative criteria, including the results of the open voting. By the way, you can cast your vote for or against a certain forex broker (one vote per IP is allowed).
Best Forex Brokers for Beginners in March 2018
The current list of the best forex brokers in the wrold is represented mostly by the companies that are included in Masterforex-V Academy’s list of premium brokers. The rating takes into account both the rating points (Fort Financial Services has 1000,00 points, OANDA has 871 points, Alpari has 1,020.30 points, and so on), and the results of the open voting.
The following 3 brokers occupy the first 3 positions in the rating:
- Fort Financial Services. The company was founded in 2010. Since then, they have been focused on delivering premium-quality products and services to both beginning and advanced forex traders of all kinds.
- OANDA. This is a true heavyweight in the international forex industry with over 20 years of expertise. The company has been taking advantage of cutting-edge technologies when rendering services to corporate and retail clients all over the world.
- Alpari Limited. This is another veteran of the industry. Even since being founded almost 20 years ago, the company has been increasingly popular with international traders and investors thanks to spotless reputation as well as the exceptional quality of service.
These tree top-ranking brokers are followed by such brokers as:
- ORBEX
- FreshForex
- Larson&Holz
- FXOpen
- YA-HI.com
- GKFX
- EXNESS
- InstaForex
- Forexite
- Grand Capital
- 24FX
- TenkoFX
- ForexStart
- FBS Markets Inc.
- Premium Trading
- Rinkost Markets
- FX-Invest
- Dealingcity
- Forex EuroClub
- Pellucid FX
- Binoa
- Arena FX
- iP Forex
