Finding Top Forex companies can be a thing of challenge since what works for you may not necessarily work for others and coupled with the fact that no forex company is a hundred percent perfect because just like humans, they also have their shortcomings too. This article will basically serve as a guide on how to identify good or probably top Forex companies in your locality or the world at large. Remember that great minds think alike and so does Top Forex companies, in terms of policies and coverage. They have the same characteristics with little or no difference entirely.
In order to locate or identify Top forex companies, here are a few pointers you should look out for.
Top Forex companies tend to have a regulation on how your security should be insured during every transaction. They have measures put in place to arrest any form of threats that may not be seen by the trader. These measures are not necessarily set down by the brokers but by a specialist agency in charge of regulating such companies. All top notch forex companies are well regulated.
Top forex companies ought to have a good reputation in the market. There should be enough reviews about their services. The reputation of top forex companies usually depends on several things which is mainly concerned with the history of how well a customer was treated by the company. Go through all the reviews of the company and make sure you are satisfied with what you are seeing before thinking of using them for your business. It should however also be noted that a company’s online review should not be the only thing to be considered because the company can pay a random group of people to write out five star reviews about them.
EXAMPLES OF TOP FOREX COMPANIES
Some examples of top forex companies as compiled by topratedforexbrokers.com are shown in the table below. NOTE: this list is subject and may not have included other top forex companies/brokers. This is just a few out of the numerous. The list was compiled using regulation and reputation as a yardstick and is not entirely perfect.
Broker Min Deposit Regulation Bonus
XM $5 CySec $30 Free
AvaTrade $100 MiFID 40%
Fxtm $5 CySEC,FSB $30*
Plus500 $100 CySEC N/A
HotForex $50 CySEC 100%*
Markets.com $100 CySEC N/A
CM Trading $250 FSP Up to $3,000
HYCM $100 FCA UP TO $5000
24 option $100 CySec N/A
Instaforex $1 FFMS 250%
FBS $1 IFSC $123 Free
eToro $50 CySEC, FCA Up to $1000
FIBO Group $300 CySec N/A
Itrader $250 CySEC UP TO $30,000 per T&C
easyMarkets $200 CySEC 50%
Trade.com $250 CySEC $25 No Deposit
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.