February 10, 2022
There are a lot of Forex brokers in the market but only very few stood the test of time and gave customer satisfaction through providing great features adding benefits to their clients. Here are the top 4 FX brokers of 2020.
Over a decade ago, Plus500 was founded in Israel and has since been recognized for its great technological innovations, global mission, and consistency which led to the expansion of the company. Currently, this broker has been listed at the London Exchange and has been a part of UK FTSE 250. Plus500 boasts to have at least 300,000 clients from different parts of the world.
Regulations of Plus500:
Currently, the company is employing the use of the best practices when it comes to security to make sure that the user information as well as the trading environment is ultimately safe. Plus500 can be used as a WebTrader but also for mobile applications such as Android, Windows, and iOS devices. The platform itself is very easy to use but thoroughly loaded with different important analytical tools.
Another highly recognized broker, AvaTrade has received multiple rewards and regulated with 6 different jurisdictions. Because of that, this Forex broker is highly reputable and belongs to the top brokers for this year.
AvaTech was first established last 2006 with headquarters located in Dublin, Ireland. AvaTrade allows trading for currency pairs, bonds, cryptocurrencies, stock, commodities, indices, and ETFs. Its social trading can be accessed through Duplitrade and Zulutrade platforms and they currently have 200,000 traders, trading approximately $2 million every month.
Another great broker on this list is the 24Option FX Broker. It is known to have a very good mobile app that has exceptional educational content. This FX broker has an advanced market analysis coming from the Trading Central. Its platform is fully-loaded with important tools for order management as well as analytical tools. 24Option is equipped with educational resources that are greatly needed by beginners.
But 24Option Forex Broker also has its own set of disadvantages. It charges an inactivity fee amounting to $40 and the cost increases after three months. It also charges high withdrawal fees.
If you are in the United States, you can still trade Forex as long as you are with the right broker. The features of IG.com include MT4 which can be expanded with some add-ons for a much better user experience. If you are a new trader and want to gather more knowledge about trading, then this comprehensive broker is the best option for you. IG.com also has an Autochartist that assists traders when it comes to their daily trade decisions as well as analysis.
The disadvantage of this broker is the high minimum deposit which is $250. This is considered high compared to other brokers out there. Deposits are also not possible through PayPal and other e-wallets.