Introduction
First of all, determine what you want to get from your Forex broker before selecting one. This way you can narrow down your search considerably, and will make it easier to find the right Forex broker for you. As forex trading attracts more and more people, many international forex brokers are quick to have their presence in the market. While some of these forex brokers offer good services, there are others that simply operate as scams! You might have heard people complaining about how they lost thousands of dollars with fake international forex brokers. If you're looking for a legit and credible offshore Forex broker, then read on to discover our selection of the best ones out there today:
FXTM
FXTM is an online forex broker based in the UK, with offices in Dubai, Moscow, and Kyiv. It offers both MT4 and MT5 trading platforms, as well as a wide range of currency pairs and CFDs on commodities. One can start investing with as low as 10 USD.
FXTM gives you access to their demo account without requiring any deposit; and if you want to trade on the go, they have a mobile platform that’s compatible with iOS or Android devices (including tablets).
If you want to learn more about trading forex before jumping into it yourself, FXTM has an extensive education section where they cover topics like how to choose your broker wisely and how to read charts correctly.
Avatrade
Avatrade is a well-known broker that has been around for several years. It is regulated by the FCA and offers CFD trading on forex, commodities, indices, and stocks.
Avatrade is a multi-asset broker which means its clients can trade in many markets with one account. In addition to forex, they offer trading on equities, bonds, ETFs, and commodities.
AVA Trading is also a multi-market broker because it offers MT4/MT5 platforms for all its clients whether they want to trade on their desktop or mobile device (tablet or phone). This means you can start trading where ever you want without having multiple accounts with different providers because AVA Trading provides all this functionality from one place!
XM
XM is an award-winning broker trading on several instruments, forex, commodities, stocks, indices, and cryptocurrencies.
You can start trading XM for as low as 5 USD. They offer MT4 and MT5 trading platforms. They also offer spreads as low as 0.6 pips and a very low and fast payout.
Available for all devices and a very simple sign-up process.
XM is one of the best forex brokers that offer over 5000 USD trading bonuses.
Know more about Forex brokers before you select them!
In addition to the cost of trading, you should also consider other factors such as the services and tools offered by a forex broker. Some forex brokers offer demo accounts that allow traders to practice trading with virtual money. This is an excellent way for new traders to gain experience without risking their own capital.
Other features that may be important for your trading include:
The option to trade on multiple accounts at one time
A mobile app for easy access to your account from anywhere in the world
Accessible customer support via email or phone 24/7
Conclusion
Forex trading is not for the faint of heart, but with the right broker and enough practice, it can be incredibly rewarding. We hope this article has helped you decide which broker is best for your needs—but remember, it’s always a good idea to do more research so you know everything about them before signing up.
This is for educational purposes only. This is not investment advice. The information provided is believed to be accurate as of the date of publishing.
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