Forex Trading Top 5 Brokers In 2018

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What come firstly to traders is to seek the best Forex brokers. The question arise is the standard to evaluate a broker. My experience for years with variety of brokers helps to figure out my set of standards including reliability, trading fees, and customer support. My list of top 5 best forex brokers regarding my standards are as below

Exness reviews: 9/10
HotForex reviews: 8.5/10
XM reviews: 8/10
FBS reviews: 7.5/10
FxPro reviews: 7/10

Reliability

The safe trading of broker is essential to traders. Hence, the regulations and licences are the critical technique in determining the reliability of brokers. These techniques are verified by trusted financial institution worldwidely. The regulations define the standards, merits, conditions that brokers need to accomplish to ensure the safe trade to traders. However, brokers need to satisfy one or two regulations are enough. The more regulations applied by brokers leading to higher spread, lower leverage, higher commission and less competitiveness to brokers on Forex market. Hence, there are 5 brokers that satisfy the above mentioned aspects.

Broker names	Regulations
Exness	CySEC, FCA
HotForex	CySEC, FSCA, FCA
XM	CySEC, FCA, ASIC
FBS	CySEC, IFSC
FxPro	CySEC, FCA, DFSA, FSB

Trading fees

Trading fees is the second important factors that traders take into account. There are various fee accompany with trading, such as spread, commission, and minimum deposit rate.

The basic fee that brokers charge is the spread, the difference between ask and bid price. The unit of spread is pip. The high spread means trading fee to be high. Hence, traders always consider the possible lowest spread brokers. The best forex brokers 2018 spreads are:

Exness: 0.7 pip
Hotforex: 1.1 pip
FBS: 1.1 pip
XM: 1.7 pip
FxPro: 1.7 pip

Between 2 common accounts, regular and ECN, the benefit of ECN account is zero spread. Hence, commission is the fee of this account trading. The commission charge of top 5 brokers on ECN accounts are as below

Exness: $2.5
Hotforex: $6
FBS: $6
XM: $6
FxPro: $45

Minimum deposit requirement is another factors catch traders’ considerations. Beginner traders don’t want to deposit too much as they understand that they easily lose all their fund. Meanwhile, experts use this minimum to test the new brokers. The difference in minimum deposit requirements of top brokers are

Exness: $2.5
Hotforex: $6
FBS: $6
XM: $6
FxPro: $45

Customer support service

Regarding the complication of Forex trading, traders expects lots of helps from brokers. There are tons of various problems of trading. Hence, brokers need to be always available for their needs. The local offices in target markets and local language support services are essential which can support trader in person and in their language with convenience. Lastly, the local bank support would enhance the ability of minimise the transferring and withdrawing costs to traders.

In conclusion, reflecting my standards, the top 5 Forex brokers are