IG is undoubtedly one of the biggest and safest brokers in the financial derivatives industry. It holds licenses issued by some of the best and most reputable financial regulators globally. I tested Pepperstone’s fees by opening a ‘Razor’ account, which features a $3.5 single-turn commission (only for FX pairs) per traded lot (100,000 units) and raw spreads from 0.0 pips. I assessed that this combination falls marginally lower the industry average and is geared towards high-frequency trading. It is regulated in 8 jurisdictions globally and maintains excellent execution standards.
Forex Day Trading Explained : A Comprehensive Guide for Aspiring Traders
The broker provides 95 crypto products you can trade, which is the most we’ve seen of any broker. Of other top crypto brokers, XM offers 58, eToro offers 41 and Admirals offers 42. In terms of trading platforms, Eightcap offers both MetaTrader platforms and TradingView as its main platforms. We particularly like the broker’s add-on trading tools which enhance its overall trading platform offering. Lastly, OANDA has some of the most competitive commission-free spreads, keeping its costs low.
Not only is eToro the best social trading broker out there, but it also has the largest social trading network and community in the industry. There are over 30 million users, which is an astounding number of traders to connect with. The two unique tools Eightcap offers, however, are Eightcap Labs for EA trading and FlashTrader. We particularly found FlashTrader useful, allowing us to automatically place limit and stop orders either side of our new trades based on points or price. Where we found Eightcap stands out when testing its platforms is in the trading tools it offer. As well as the standard MT4 Signals for copy trading and EAs for algorithmic oanda review trading, Eightcap also offers Capitalise.ai for those who wish to automate their trading without any coding knowledge.
– Trusted Broker With Best RAW Spreads
- Established in 2010, Pepperstone has earned a reputation for its transparency, reliability, and technological innovation.
- The Home Trader Club is an educational platform headquartered in London, England.
- The broker also offers a diverse range of products across 10 asset classes, which you will appreciate as a professional trader.
Therefore, choosing a broker with competitive spreads involves careful analysis of a broker’s average spreads, as well as what account you trade with. To simplify the process, we have tested the spreads of 15 of the top brokers across Standard and RAW account types. In addition to having the fastest execution speeds we’ve tested, BlackBull Markets also provides a solid range of trading platforms and a huge range of 26,000+ physical shares to trade.
- Also, we looked out for special bonuses and promotions targeting Saudi clients.
- In order to trade forex, you need an account with a brokerage that offers forex trading access.
- All of them are solid choices – and Pepperstone also provides a bevy of premium add-ons for their platforms.
- IUX’s in-house market analyst team provides high-quality market research, helping swing traders stay up-to-date on all the latest market news.
- With execution speeds of 77ms for limit orders and 100ms for market orders, this put Pepperstone at third overall on our list.
Best brokers for US traders
While most brokers charge for GSLOs, CMC Markets actually refunds this velocity trade cost to you. To join Saxo Bank, the biggest drawback is that you are required to deposit $10,000 just for an entry-level classic account. The minimum spread has recently been reduced – clients can now trade EUR/USD with spreads as low as 1 pip. While this may be a step in the right direction, eToro still has a ways to go, as many competitors offer more appealing spreads. The spread for standard accounts, on average, is 0.6 – 1.27 pips, while the spread for Razor accounts ranges from 0 – 0.3 pips.
Its main mission is to protect participants in the financial market from fraud. With better charts, analysis tools, automated traded, and backtesting, you can become a better trader. However, it’s also about the interface and whether you can access these tools across all trading platforms including your phone. The quality of trade executions is considered high by most traders, and it has clear pricing and fee structures, which make it more trustworthy overall as a forex broker.
That said, forex platforms vary in style and functionalities, so it might be a good idea to try at least several platforms via a demo account until you find the one that matches your needs. Every reputable forex broker should apply for a license or register with the regulatory bodies governing forex activities in the region where the broker wants to operate legally. For instance, any trustworthy forex broker operating in the US will be an honorable member of the NFA (National Futures Association) and will be registered with the CFTC (Commodity Futures Trading Commission). The former is a self-regulatory and industry-wide organization monitoring the futures trading industry in the USA. It develops programs, regulatory rules and services that share one common goal – to protect the integrity of traders, investors and the financial market. The latter represents an independent government agency that regulates the commodity options and futures markets.
Best Comprehensive Course Offering
However, you do have to learn about spreads, transaction costs, and currency pairs. You also have to follow trends for emerging cryptocurrencies and accept that there is a high amount of risk when you invest largely in certain currencies that don’t follow the pattern you thought they would. You might be surprised at how many external factors impact the forex market—GDP, for example, has a major influence.
Pocket Option: A Unique Offering
In 2025, choosing the right broker is crucial for a successful trading experience, as it impacts trading costs, execution speed, and fund security. With so many options available in 2025, it is essential to find a well-regulated, reliable broker that offers competitive trading conditions. Generally, top Forex brokers offer competitive spreads and transparent fee structures.
In addition, it has the reputation of being the most trusted retail forex platform. There is a minimum deposit required if/when funding by card depending on the country and currency. IG also offers six cryptocurrencies to trade as CFDs or spread bets but bitcoin has a 40-pip spread which is above the industry average. In practice, this means that active, high-volume traders won’t be paying any such fees. Market data fees may also apply – but they don’t amount to too much, and they can also be waived if you pay a certain amount in commissions. Regulation is critical as it ensures the broker operates under stringent guidelines and supervision, offering security and trust for traders.
They prioritises security and has strict safeguards in place to protect client accounts and sensitive information. We have explored and tested the top 100 Forex brokers to identify the 10 best. We recommend CMC Markets because of its huge CFD range, which includes 9000 share CFDs. Our broker reviews are reader supported and we may receive payment when you click on a partner site. This includes an IF-DONE order type, which is a two-step order where the second step can’t be executed until the first step is completed.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. We abide by our strict guidelines for editorial integrity based on the objective standards we have set for our reviews.
Along with the lowest Standard Account spreads we’ve tested, IC Markets offers several benefits as a forex broker. These include offering a good selection of trading platforms, a solid range of markets and excellent social and copy trading tools. In addition to competitive spreads and zero commission, tastyfx offers its own proprietary trading platform. Further, we engaged directly with these brokers by opening live accounts, enabling us to evaluate the competitiveness of their trading fees. Finally, we tested their trading platforms for user-friendliness and richness in features, ensuring the best experience for traders. While most of IC Markets’ offering is geared toward high-frequency and high-volume traders, it offers an excellent range of features for traders in Saudi Arabia.
VPS hosting ifc markets review provides low latency trading and protects against power outages, system downtime, and connectivity failures. During our live fee test, I found the spread for EUR/USD during the London and New York trading session averaged 0.9 pips. This is better than the industry average of 1.0 pips for a commission-free trading account. Within each of these categories, we scrutinize over 250 data points, comparing and contrasting various brokers to ascertain how their offerings stack up against the industry’s average standards. Forex trading in Saudi Arabia, like any place with a growing forex market, needs a careful selection of a broker.
