Best Forex Broker In The World 2019

The world of forex trading can be challenging, especially for beginners. Finding the best forex broker is crucial, as it can affect your trading performance and experience. With hundreds of brokers out there, it can be overwhelming to choose the right one. In this article, we’ll discuss the best forex brokers in the world for 2019.

What is a Forex Broker?

A forex broker is a financial services company that provides traders with access to a platform where they can buy and sell currencies. They act as a middleman between the trader and the currency market. Forex brokers earn money through commissions and spreads on trades made by their clients.

Criteria for Choosing the Best Forex Broker

There are several factors to consider when choosing the best forex broker, including:

Regulation

Regulation is crucial in the forex market, as it protects traders from fraudulent activities. The best forex brokers are regulated by reputable authorities, such as the Financial Conduct Authority (FCA) in the UK, the National Futures Association (NFA) in the US, and the Australian Securities and Investments Commission (ASIC) in Australia.

Trading Platform

A trading platform is a software that allows traders to open, close, and manage their trades. The best forex brokers offer user-friendly platforms that are easy to navigate, have advanced charting tools, and provide access to news and analysis.

Spreads and Commission

Spreads and commission are the fees charged by forex brokers for their services. The best forex brokers offer competitive spreads and low commission rates to their clients.

Customer Service

Customer service is essential in the forex market, as traders need assistance with their trades and account management. The best forex brokers provide excellent customer service through various channels, such as phone, email, and live chat.

Best Forex Brokers in the World 2019

Here are the best forex brokers in the world for 2019:

1. IG Group

IG Group is a UK-based forex broker that is regulated by the FCA. They offer a user-friendly platform with advanced charting tools and 24/7 customer support. They also have competitive spreads and low commission rates.

2. CMC Markets

CMC Markets is a UK-based forex broker that is regulated by the FCA. They offer a platform with advanced charting tools and access to news and analysis. They also have competitive spreads and low commission rates.

3. Saxo Bank

Saxo Bank is a Denmark-based forex broker that is regulated by the FCA and the Danish Financial Supervisory Authority (FSA). They offer a platform with advanced charting tools and access to news and analysis. They also have competitive spreads and low commission rates.

4. Forex.com

Forex.com is a US-based forex broker that is regulated by the NFA and the Commodities Futures Trading Commission (CFTC). They offer a platform with advanced charting tools and access to news and analysis. They also have competitive spreads and low commission rates.

5. Pepperstone

Pepperstone is an Australia-based forex broker that is regulated by ASIC. They offer a platform with advanced charting tools and access to news and analysis. They also have competitive spreads and low commission rates.

FAQ

Q: What is the difference between a regulated and an unregulated forex broker?A: A regulated forex broker is one that is monitored and supervised by a government agency, while an unregulated forex broker is not. Regulated brokers offer more protection to traders, as they are required to follow strict rules and regulations.Q: What is a spread in forex trading?A: A spread is the difference between the bid price and the ask price of a currency pair. It is the fee charged by forex brokers for their services.Q: What is a trading platform?A: A trading platform is a software that allows traders to open, close, and manage their trades. It provides access to the currency market and various tools for analysis and charting.

Conclusion

Choosing the right forex broker is crucial for your trading success. You need to consider various factors, such as regulation, trading platform, spreads and commission, and customer service, before making a decision. The best forex brokers in the world for 2019 are IG Group, CMC Markets, Saxo Bank, Forex.com, and Pepperstone. Choose the one that suits your needs and preferences, and start your forex trading journey today.Terima kasih telah membaca artikel ini. Silakan baca artikel lainnya untuk meningkatkan pengetahuanmu tentang dunia forex trading.