Find the best online Forex trading site for you right now, with Forex Trading Expert.
We examine the Forex market bringing you the most trusted and highly rated brokers through impartial advice, unbiased reviews and strategy guides. Our team of experts have done the hard work by cutting through all the jargon, enabling you to choose the best broker for your trading style with ease.
On this site, you will learn:
- How to choose a regulated Forex broker
- About finding the best online brokers
- The best bonuses and strategies out there
This week, the US dollar has been the best performer among forex majors, adding 0.79% against euro, 0.13% against Japanese yen, and 0.88% against the ... Read more.
The Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT, released a report on Wednesday, encouraging the players of the... Read more.
On Monday, Danish Saxo Bank and US-based CLS Group reported weak Forex trading volumes in May, which slightly contradicts the general trend. Other bro... Read more.
The Best Online Brokers
We look beyond the hype and the promises to ensure that a broker actually delivers on their claims. We trade ourselves so that we can get the real experience and share our findings through our honest factual and in depth reviews. Our list of criteria include the following:
Forex brokers want you to trade with them. Once you start trading they want to make sure that you continue to do so. In order to achieve this they offer incentives in the form of bonuses which include welcome bonuses and match deposit bonuses. These bonuses often have to be traded a number of times before the cash becomes available to withdraw but can help to boost your profits. Whilst not all brokers offer bonuses, others will offer generous ones.
In today's world of technology it is imperative that people are able to trade on the move. This may be from a laptop but largely it is from a handheld device like a smartphone or tablet. If you have to pinch the screen to be able to zoom in it is unlikely that you are going to spend very long on the site. In addition to being mobile responsive it is important that the sites are compatible with both iOS and Android devices.
To maximize your success as a Forex trader you need a broker that you can trust.
Good customer support is key in the world of Forex trading. Traders need to be able to get hold of someone when they have a query or question or if they need general support. Help should be available by phone, live chat and e-mail with responses that are both prompt and helpful. A good customer service system can make the difference to the choice of broker for many.
To set themselves apart from other brokers, many Forex brokers offer additional benefits to try and encourage traders not only to sign up but also to remain with them. One benefit that can make a huge difference are the trading tools, strategies and general education that a broker offers. If you are winning so is the broker, the more you win, the more you will trade. By teaching you how to become successful the broker is cementing the future of your trades with them.
Trade Top Pairs Anytime
There are many pairs to trade in, from the more popular combinations like EUR/USD to the less popular "exotic" currencies like the Mexican Peso. Whilst some brokers only offer a handful of the more popular currency pairs, others offer in excess of 300. If you have the time and patience to study lots of different currencies then the spread of the lesser known pairs can be quite fruitful. Some prefer to stick with what they know and the following pairs:
The EUR/USD pair refers to the Euro and the United States Dollar. As the most popular currency pair available to trade, the pairing refers to how many of the second currency, in this case the USD, you would need to buy the first currency, the Euro. Let's say the conversion is 1.17 USD to the Euro. This means it would cost you 1.17 USD to buy 1 Euro. If you were buying EUR 10,000 it would cost you USD 11,700.
The GBP/USD pairing refers to the British Pound against the United States Dollar. In this order with the GBP being the first currency of the pair, it means how many USD it would cost to buy £1. If the current exchange rate was USD 1.17 to £1 then it would cost USD 11,700 to buy £10,000.
The AUD/USD is the Australian Dollar vs the United States Dollar and again in this order refers to how many United States Dollars it would cost to buy AUD 1. If you were to flip the pair around to USD/AUD it would then translate to how many AUD it would cost to buy USD 1.
By the same token as those above, the CAD/USD pair refers to the Canadian Dollar against the United States Dollar. Another major currency pair in this particular format it means how many USD it cost to buy CAD 1.
Contributing to the website since 2012 we are one of many consultancy projects Samuel works on. With 38 years of experience in finance, insurance and foreign exchange his combined knowledge makes him an effective operator. Learn more.
Jessica has written for us for 5 years and offers a unique perspective due to her having worked in the financial industry internationally. In fact, Jessica has worked in a staggering 8 countries including Germany, China and the USA. Learn more.
Ben’s contributions as a freelancer to the site since 2013 are highly valued. He has a real talent particularly within short-term speculation, making many successful trades on the directions of the global financial markets. Learn more.
Anatol has been writing for our news site for a year and is the newest member of our team. While he’s new to us, he’s certainly not new to trading with over 10 years’ experience being a professional financial journalist and working in the markets. Learn more.
Frequently Asked Questions
Is Forex trading an easy way to trade?
If you take time to understand how Forex works then it is relatively easy to get to grips with. It takes patience and sometimes you won't see the results for weeks.
How are they different to binary options?
When trading binary options you either receive a fixed profit or you make a fixed loss. If you call it right then you will be paid out on the trade. If you are wrong then you lose the trading amount.
Is it possible to trade on a mobile or tablet?
Yes. In order to survive a good broker must have a mobile offering. This can either be in the form of a mobile responsive website or via an app.
Can I be sure my money is safe and secure?
If you choose a reliable and reputable broker then your money will be safe. Our broker reviews are comprehensive and examine multiple criteria to ensure that we only bring you the best.
How do I find a reliable and trusted broker?
The first thing to check is their licensing. We have spent lots of time examining each broker and only recommend those that are reliable and trusted.