Best Forex Brokers Overall
#1 – AvaTrade
When we were deciding on who to recommend as the best forex broker overall, we couldn’t go past the multiple licenses and regulatory approvals which AvaTrade has.
We strongly believe that safety and security of client funds should be the top priority, especially considering that depending on the trader, forex trading can carry very large balances.
#2 – Plus500
As with our top selection, Plus500 are also well to the fore in licensing & regulation. What we are particularly impressed by with Plus500 are the sponsorship deals they have struck with big sporting clubs, Manchester City Football Club (English Premier League) and the ACT Brumbies (Super Rugby). These global brands don’t associate with small operators.
Plus500 are also very active in advertising, we have probably seen here in Australia more Plus500 ads than any other competitor.
#3 – XM
If Plus500 partner up with some of the world’s biggest sporting clubs, then XM surely takes out the prize for sponsoring the world’s biggest sporting individual in Usain Bolt. The recently retired fastest man on the planet boasts a resume full of gold (8 time Olympic gold medallist) and XM make a very bold statement through this sponsorship.
XM are probably the biggest global brand, active all across the world through a lot of social media and boasts a client base of over 2.5 million users.
How we decide on our rankings
Overall performance is most suited for people new to forex trading but have some experience or knowledge of trading, stocks for example. We assesses each broker across all criteria, but focuses mostly on the following categories:
- Website user experience – The site must be easy to navigate and understand
- Trading platforms – Must have a variety to choose from and support trading via the website, desktop app, mobile web and mobile app
- Educational resources – Provide plenty of material for traders to use, free of charge to improve their trading
- Safety – Protect all clients from negative balances
- Support – Be available via multiple channels for customer contact
Why do we only list the top brokers?
We believe in quality, not quantity. The brokers we present in our top rankings are the companies that we trust ourselves. We have relationships with the staff and have an open channel of communication which provide a lot of benefits for our users, including the ability to efficiently handle complaints (and compliments, we love them too).
Forex brokers who are listed on our website must be regulated with at least one regulatory body. Click here for a full list.