Ranking of The Best Forex Brokers 2024
Are you looking for an online FX broker to trade with?
In the main page of FXBonus.Info, you can see the current ranking of online Forex brokers.
The current top 3 brokers are the followings:
Deriv
XM
FBSThe ranking of FXBonus.Info is made by traders according to their activities and will be updated in real-time following the current trend.
To see more of the ranking and other special offers, go to the main page of FXBonus.Info below.
Choose the Best Forex Broker
The forex market has a daily trading volume of more than 4 trillion dollars.
It is the largest financial market in the world.
It is a market (OTC), which means that there is no central market.
These are some of the reasons why choosing a broker is a serious decision and not necessarily an easy task.
What aspects should be taken into account when choosing a broker?
1. Is the broker regulated?
Each reputable broker is duly regulated in the country of its activity or by another major regulatory body.
Disreputable brokers often attract attention for attractive websites and interesting promotions, but the forex market is associated with the investment of your funds so it is crucial to know that your money is safe with a regulated broker.
For example, XTB, being a global broker, must comply with multiple regulations from different financial regulators such as the FCA of the UK, the CNMV of Spain, the KNF of Poland, IFSC of Belize, BaFin of Germany, among others.
In addition, XTB is a company listed on the stock exchange ( Warsaw ), therefore, the regulatory requirements are even higher and the financial information of the company is public and audited, and any client can access it.
2. Is it easy to deposit and withdraw funds?
It is very important that clients can deposit or withdraw with full freedom and without limitations imposed by the broker.
Deposits and withdrawals should be processed easily and simply.
At XTB, you can make deposits or withdraw funds at any time and whenever you see fit.
All through the Client Office.
Check out XTB’s Fund Deposit Methods
3. Are all the costs clear?
When choosing a broker it is very important to understand and be aware of all the costs associated with the trading that you will carry out.
It is crucial that your broker has a section on its website dedicated to all costs related to the operations of its clients so that they do not come across any surprises when trading.
At XTB, they believe that transparency is essential in building long-term relationships with XTB’s clients.
That is why XTB has a section on XTB’s website with all the information related to trading costs.
In addition, XTB’s award-winning xStation platform has a trading calculator, which specifies all the costs associated with the trade that is about to be opened, so that you know all the costs before opening the operation.
Find out more about XTB’s service costs
4. Is customer support 24 hours a day and 5 days a week?
Trading in the forex market can often be a lonely activity, in which clients may need some kind of help or support, and it is very important for the client to be sure that they can contact the Customer Service area at any time and any day of the week while the financial markets are open.
Communication by email is the minimum, but the best brokers in the world give clients the possibility of communicating with the customer service area instantly through their website, telephone, or in-person, at the offices of the broker.
At XTB, they want to build long-term relationships with XTB’s clients.
This is why each client at XTB is assigned a personalized Account Manager, whose objective is to be support and support in terms of training and technical aspects.
In addition, the client can contact the Customer Service area at any time, either by Chat (24 hours a day, 5 days a week), Telephone, or by visiting XTB’s offices.
5. Does the broker provide education?
The best brokers in the world have training programs for traders focused on the development of the client in the financial markets.
It is important to choose a broker with a training program that is logical, in stages, and that covers a wide range of aspects that are relevant when learning about trading, and that are not mere videos of people talking about incomprehensible technicalities.
At XTB, the client will be able to enter a training program in stages, from basic, for inexperienced people, to advanced for experienced and knowledgeable Traders.
Covering the most relevant topics (basic concepts, technical analysis, chartism, fundamental analysis, trading psychology, trading strategies, etc).
In addition, XTB’s clients can access the Trading Method trading school for free.
How to invest in Forex and CFD markets?
This is the question that anyone who is going to start their journey in the world of trading and investing should ask themselves.
Market operations can be carried out in very different ways and depending on which techniques we like the most, we will have to acquire some knowledge or others.
But in general, we can say that regardless of the style we choose, there are some common “ideas” that we must understand before diving into this activity:
- How to invest is a complex task, sometimes exciting and sometimes frustrating. When you start there is more of the second than of the first.
- The movement of any asset is formed by the mixture of four factors: micro or fundamental aspect, macro aspect, risk perception, and market psychology. They are usually closely related.
- Depending on the style of trading or investment we choose, we will give more weight to one or the other of the above factors. But even if we specialize in one of them, we will always have to spend some time understanding what happens with the other three.
- We must choose the style that best suits our temperament. So if we are people with an appetite for risk and availability of time, agile operations oriented to the short term, or trading can be a good option, while for those who are more conservative and do not have all day to watch the market, should tend towards a medium-term investment concept.
- Do not underestimate the psychological pressure generated by this activity, especially if you have opted for short-term operations. This type of work will confront you with yourself, that is, it will test your patience, cold blood, conviction, and capacity for suffering.
- Learning to “trade” and how to invest takes time, so your goal should be oriented, not to earn large amounts of money from the beginning, but not to lose it. This is a marathon, not a 100-meter race.
So should you invest while you learn?
Yes, as we have already said, the psychological factor is a very important part of the operation.
You can start with trading with demo accounts, but here the stress is not real. Over time you will have to experience it on a real account, but with control.
Don’t let the result of your investments block you.
If you suddenly find yourself looking continuously as the number that represents the profit or loss of your trades fluctuates…you are already blocked! At this time it is recommended that you talk to your account manager, exchange ideas with him and see the best way to get back on the market.
Open an account with XTB for free
Please check XTB official website or contact the customer support with regard to the latest information and more accurate details.
XTB official website is here.
Please click "Introduction of XTB", if you want to know the details and the company information of XTB.
IronFX
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!