One of the first important decisions that new traders need to make is where to buy and sell forex and other financial instruments and assets.
There are many platforms online available, and it’s hard to know which ones are better than the rest of the pack.
But we’ve searched high and low to find platforms that provide traders with advantages when they are trading.
What is a Forex Broker?
Forex brokers are companies that run platforms that facilitate the purchase and sale of foreign currencies.
A majority of retail forex investors and traders use forex brokers in order to gain access to currency markets, and while a number of firms provide their services to institutional investors, forex brokers predominantly service the retail market.
Forex brokers will typically list dozens or hundreds of individual assets, with hundreds to thousands of different trading combinations called “pairs”.
Forex brokers are situated in many different countries around the world with globally-dispersed clients, however, places such as the US, Switzerland, Cyprus, and Gibraltar are particularly common locations for forex brokers to domiciled and headquartered.
PrimeXBT: Cheap Fees and Powerful Features
PrimeXBT has gone from strength to strength throughout the recent past with daily average trade volumes growing to over $300 million per day, and the platform’s listings continually being added to.
Today traders can trade cryptocurrencies and traditional assets such as commodities, stock indices and forex pairs on the platform.
PrimeXBT provides leverage of up to 100x for crypto-assets and up to 500x on traditional assets, including forex.
The platform’s fees are low at just 0.05% on all trades, which is lower than any other large trading platform we’ve found.
FXTM: Wide Range of Assets
FXTM was founded in 2011 and provides a trading environment suitable for all levels of retail traders.
While originally on forex was traded on FXTM, today a wide range of assets that include cryptocurrencies, stocks, metals, indices, and shares CFD’s are available to trade.
FXTM has a low minimum deposit and fast execution times.
In Summary
PrimeXBT and FXTM are the best forex trading platforms available online.
Where many other platforms are lacking, both of our selections have gone above and beyond to provide traders with added features and additional ways to be profitable.
Check either of these great platforms if you’re searching for a high-quality place to trade forex.
