Money has to work. If you keep it in a safe deposit box, inflation greatly reduces its value over time. Forex is one of the ways that can help you increase your capital. This market has huge liquidity and allows you to earn money by trading dozens of currency pairs. To successfully capitalize on world currency fluctuations, you need a reliable broker. How to choose an intermediary who will help you succeed in the foreign exchange market?
TOP-3 brokers for Forex traders
When choosing a broker, you need to take into account many factors: assets you plan to work with, the size of your deposit, the functionality you need, and whether you are a beginner or an experienced trader. There are platforms that offer a minimum commission, some work only in certain regions, and some provide a range of additional services. Below, you will find descriptions of the TOP-3 brokers that have different advantages.
MobileTrader: Online Trading by Roboforex
Roboforex is the first on this list. This brokerage firm was founded in 2009. It provides financial services in over 100 countries and helps millions of people make money. Roboforex is a leading software developer in the Forex industry. The company has developed Mobile Trader, which is the best app for successful trading. So far, over a million users have downloaded and successfully use it.
The Mobile Trader application is notable for its simplicity and functionality. Even if you are new to trading, you can learn Forex trading in a few days. The application is selected and recommended by experienced traders. It also received a number of prestigious awards due to undeniable advantages:
- Intuitive interface;
- Lots of currency pairs;
- A demo account can be created;
- Advanced tools for experienced traders;
- The application is free.
Roboforex is a reliable and experienced broker, one of the leaders in this market. Choosing their app guarantees professional service and wide functionality for online trading.
Saxo Bank
Saxo Bank continues our list. The broker offers favorable trading conditions for professional traders. It allows you to invest in ready-made long-term portfolios managed by professionals. The broker gives access to thousands of assets, including Forex, futures, CFDs, and many others. Unfortunately, the company’s website is not very convenient, and it takes time to figure it out. Signing up is also not so easy: for registration, you will need to provide your personal data. Overall, Saxo Bank is undoubtedly one of the most experienced and reliable brokers.
Pepperstone
Pepperstone closes this shortlist. This is an Australian broker who has received many Forex Broker awards. Pepperstone serves over 300,000 clients in over 150 countries. A wide range of trading opportunities is available here. They include Forex, CFDs, commodities, indices, and cryptocurrencies.
Here, you can trade with very low fees. Order execution is fast. The support service is working. This broker is suitable for beginner traders who are not ready to risk large sums.
Conclusion
When choosing an online broker, you need to understand exactly what you expect from an intermediary. In most cases, this is a low entry threshold and the ability to place orders quickly. Most functions that traders need can be found in the Mobile Trader application from the Roboforex broker. We recommend this app to everyone who is interested in Forex.