After making up your mind to trade Forex, it is impossible to overemphasize the importance of the choice of Forex brokers. That a fake or unreliable Forex broker invalidates all the gains acquired through hard work and study is obvious.
After researching these Forex brokers extensively, we arrive at the conclusion that they meet and even exceed our criteria for selecting the best Forex brokers on the internet. Not only are they flexible, but they also provide an excellent user experience. In addition. they offer a wide range of tools and assets to trade.
Here are the major criteria:
- Regulatory compliance
- Trading on the good old MetaTrader4 Platform
- Up to 1:200 in leverage, a wide range of tradeable assets
- Variety of payment methods
- You can start trading with 100 USD
- Minimal spread
| Broker | Min. Deposit | Max. Leverage | Regulation | MT4/MT5 |
|---|---|---|---|---|
| FXChoice | $100 | 1:200 | IFSC | Yes |
| PaxForex | $100 | 1:500 | FSA | Yes |
| AvaTrade | $100 | 1:400 | ASIC, JFSA, IIROC, MiFID | Yes |
| VantageFX | $200 | 1:500 | ASIC, FCA, CIMA, VFSC | Yes |
What Trading Platform is the best?
Scam EA Test recommends legit MT4/MT5 brokers because these platforms offer excellent charting with many technical analysis indicators, multiple types of orders, as well as a wide range of Expert Advisors for automated trading. As a rookie trader, you should be utilizing trading products and services with a reputation, see here.
Furthermore, Metatrader platforms come as a downloadable version, web, or mobile app to trade on the go.