SOME THINGS ABOUT TOP 5 BIGGEST FOREX BROKERS IN 2018 THAT YOU MAY NOT KNOW

 Entering the forex market, all traders of course would like to trade with the best brokers. They may ask some questions like what top 5 largest forex brokers are, or which brokers are most reliable. In fact, identifying and selecting a good broker are not always easy, especially for beginners, and sometimes for experienced traders like us.  

At the present time, we still don’t have 100% of data to rank top largest brokers. However, with our experience of trading and working for some forex companies as well as our long time of searching and discussing with many brokers, we confidently believe that this article is useful for you. Sometimes, you may search the Internet in terms of “top largest forex brokers” and find the list of Hotforex, ICmarket, FBS, and FXTM. This list is incorrect because these brokers only trade in some countries in South East Asia and Africa.

Let’s look at the list below – 5 largest forex brokers in the world. (Note: this list is only based on monthly forex trading volume)

1. Exness.com: $395 billion.

2. XM.com: $320 billion.

3. Forex.com: $300 billion.

4. SaxoBank: $300 billion.

5. FXCM: $220 billion.

In a nutshell, in this article, I would like to give you three key things about top best forex brokers. I hope it can be a foundation for you to choose a prefect broker for your trading strategies. Now let enjoy the article!

The first thing I would like to mention is the reasons to trade with biggest forex brokers.

In a complicated forex market, scam brokers can steal your money anytime with their dirty hidden acts. Both beginners and experienced traders can be cheated before realizing. It can be said that identifying a scam broker at the beginning is hard because problems seldom happen at first. Moreover, if a broker wants to cheat you, they won’t let you know that. They will let you win more so that you can deposit more, and then they can get more. Therefore, don’t be wild if you can win much because the more wild you are, the more careless you will be, and the more loss it will lead to.

From the analysis above, we can see that trading with big forex brokers will prevent us from scam brokers as they have been reviewed by lots of other traders.

The second thing you should know is whether biggest forex brokers appropriate for all traders.

Most brokers listed above are from America and Europe. They are good choices for you if you are living in those countries. But if you live in others, I suggest that you should find other brokers to trade with because they only offer best services for people in their countries.

If you live in Asia and Africa, you can choose Exness which offers a remarkable payment system. You can deposit instantly without fee. Moreover, you will be supported by regional offices if you live in these countries: China, Indonesia, Thailand, Singapore, Malaysia, Cyprus, South Africa, India and Dubai. For other countries, it supports online 24/7 via live chat or phone.

If you live in US, Foex.com is suitable for you.

If you live in Europe, you can select Saxo Bank or Exness.

The final thing I would like to share with you is the standard to rank top largest forex brokers.

There are of course many standards, but in this category, publishing the trading volume is supposed to be the leading one. The clearer trading volume the brokers publish, the more transparent the brokers are. Hence, you should trade with such brokers as your money will be safer. If the brokers don’t publish the trading volume, you can find it on some reliable resources like statistic websites, financial news, or newspaper.

Sometimes, some big brokers with very high total trading volume such as Forex.com and Saxo Bank will have lower forex volume because they have to offer many products like Crypto, Forex, Future, Commodities, and Stock, etc.

Example:

• Forex.com: total trading volume is $500 billion, but forex volume is $300 billion.

• Saxo Bank: total trading volume: $600 billion, but forex volume is $300 billion.

Read more : TOP 5 BROKERS THAT HAVE THE LOWEST SPREAD

Read more: Sàn forex spread thấp

TOP 5 BROKERS THAT HAVE THE LOWEST SPREAD

 BRKV - There are a lot of factors that a trader needs to take into consideration before he makes his first move in the forex market. Besides the broker’s credibility, their spread is another factor that so many traders care about when it comes to the final decision of choosing brokers. So what’s spread? Why do so many traders want to work with low-spread brokers? And should you trade through a low-spread or not? All of these questions will be answered in my article below!

First, let’s take a look at the table that I made below. This table contains the top brokers that have the lowest spread

Name	EUR/USD Spread	Regulation
Exness	0.7 Pip (Classic account)	CySEC, FCA
Hotforex	1.1 Pip (Premium account)	Vincent
FBS	1.1 Pip (Standard account)	Belize
XM	1.7 Pips (Zero account)	FCA (UK)
FXTM	1.7 Pips (Standard account)	Belize
Forex.com	1.8 Pips	NFA (US)
FxPro	1.7 Pips	FCA (UK)

As you can see from the table above, the CySEC brokers have the lowest spread (Exness’s spread is an example) and the US/UK’s brokers have the highest spread (1.7-1.8 pips). As we all know, the US/UK are the leaders in the forex market all over the world, their transaction cost is less competitive than so many other brokers in the world. But why their spreads are so high? This is the question that so many new traders have asked me. The answer to this question is because of their disadvantages from their regulations: They aren’t allowed to offer high leverage or bonuses. Moreover, they also have to spend a lot of money on their regulation fees. In order to earn more profit, they have to raise their spreads and commission fees. So should we work with a US/UK’s broker or not? What brokers are the most suitable for you? These will all be answered below!!  

Before I go into details, I want to spend a few minutes to explain the definition of spread. So unlike Commission, Spread (often calculated with pip) is the difference between the seller’s price (Bid) and the buyer’s price (Ask). In the forex market nowadays, almost every broker doesn’t cost you any commission fees, and instead of taking the commission fees, they will take your spread. So the spread and the transaction fee move in tandem. In other words, the higher the spread rises, the higher the transaction fee is.

As I stated before, “all most every broker doesn’t cost you any commission fees”, yes, just almost. In the market, we have 3 kinds of brokers: Market Marker, STP and ECN. Market Marker and STP are the kind of brokers who don’t require any commision fees. As a result, when they get quotes from liquidity sales, they will “mash up” (a terminology in the forex market which is used to describe the action of adding spread to the quotes). Since their main incomes are from the spread, it’s reasonable why their spreads are higher than ECN’s spread. About ECN-the third kind of brokers, they have low spread but they will charge you commission fees as the commission fees are their main income. In conclusion, STP and Market Marker cost you spread and no commission fees. ECN brokers will take both you spread (nearly zero) and commission fees. So, since this is top 5 brokers that have the lowest spread, only non-ECN brokers are in the ranking below.

So, this is my top 5 lowest spread forex brokers:

1. Exness.com 

2. Hotforex.com 

3. FBS.com 

4. XM.com 

5. FxPro.com 

So, how to choose the best low-spread broker? Before I answer this question, I would like to warn you that not every type of traders should choose a low-spread broker to work with. Specifically, there are 2 types of traders in the market: the long-term investor and the scalper. A long-term investor is a trader who keeps their position open for more than one month, in contrast, a scalper usually opens and closes their position in a short time. As a long-term investor, because of their characteristics, they often earn more pips per position than a scalper and only have to pay 2% per position. For this reason, they usually don’t care much about the commission and spread. But, they have to deal with another problem: the swap (the cost you have to pay to keep your position open) since sometimes the swap cost can be accounted for 90% of their profit. So for this kind of brokers, my recommendation for them is to find a low swap broker. On the other hand, a scalper usually searches for a low spread broker. Because they only earn some pips per position, they prefer a low spread and low commission fees broker. In brief, only scalpers should work with low spread brokers.

But, there are thousands of brokers that have low-spread out there in the market? How do we know which broker is the best for us? As an experienced broker who has worked in this field for more than 6 years, I would recommend you search for these standards below:

• Whether that broker is regulated or not?

• Do they have a local payment system or not? (Explanation: If the broker doesn’t have a local payment system, traders will have to deposit/withdraw money using international payment methods such as Visa cards, Credit cards, PayPal, Skrill, Neteller, etc. These methods usually cost you 2-4% of your total transaction amount and from my point of view, that cost is too money-consuming and unnecessary.)

• Is there local support? And if there is, then is it good or not?

• Is their spread higher than other brokers in your area?

First, if you’re living in a country that has regulated brokers, don’t hesitate and choose one of them (please read my recent post to know why). But if your country doesn’t have any regulated brokers, then my advice for you is to find a trusted broker that has the lowest spread in your region. From my point of view, if you’re in Asia, then go ahead and open an Exness’s account (Click here to learn about Exness’s regulation). If you’re African, then I suggest working with XM and FxPro. And if you’re a US citizen, then Forex.com is born for you. Last but not least, if you’re from the EU, then XM, Exness and FxPro are the best of the best.

Thank you for reading my post!! Wish you the best and hope that you find my article useful!

Read more : Look at top 5 best ECN forex brokers reviewed 2018

Hey there, this is Fanara Filippo. I'm the author of this article and I'm currently collaborating with Brokerreview.net, or BRKV in short. My articles are mainly for forex traders from Thailand, Indonesia, India, Bangladesh, and South Africa.

Read more: http://cashbackforex.club/tkmct_10/san-exness-co-uy-tin-khong-co-lua-dao-khong-danh-gia-san-exnes.html

Look at top 5 best ECN forex brokers reviewed 2018

BRKV - In my opinion, to find out the best broker is not easy. With many years experience in trading, I can’t determine a best ECN forex broker because each broker has strong point and weak point. I discussed with lots of many different traders about standards of a best ECN forex brokers and we concluded that there isn’t perfect ECN forex brokers. But we can provide for you top 5 best ECN forex brokers based on trading conditions such as: lower spread, lower margin, better trading platforms, better payment systems….

Top 5 best ECN forex broker is shown in the following table:

No	Broker names	Rating
1	Exness.com	8/10
2	FxPro.com	7.5/10
3	XM.com	7.5/10
4	ICmarkets.com	7/10
5	FXTM.com	6.5/10

Now, I will introduce some criterions in order that you choose the most suitable ECN broker

1. Reliable brokers

The best forex broker needs to make sure about regulations. Regulations show that brokers have standards, reputation and capability. A license can guarantee the safety of traders keeping away from bad traders. On the other hand, a license will limit many things for a broker. Brokers don’t offer high leverage. So, their trading volume will be lower. Their income will be lower. They will have to offer higher spread, lower leverage, less trading tools, and higher minimum deposit... It clearly shows that having many licenses is not good at all. Especially, US and UK regulations don’t protect traders in the rest of the world. So, it doesn’t make sense for Asian, Africa traders have to pay more for US/UK regulation brokers but no one protects them if some-bad-thing happens .In my view, one trusted certificate is enough to prove that they follow reliable financial standards and company has good financial health.

You can consult this table to know more about top 5 best ECN forex brokers reviewed 2018.

No	Broker names	Regulations
1	Exness.com	CySEC, FCA (UK)
2	FxPro.com	CySEC, FCA (UK), DFSA (Dubai), FSB (South Africa).
3	XM.com	CySEC, FCA, ASIC
4	ICmarkets.com	ASIC (Australia)
5	FXTM.com	IFSC

I will give you some information about 5 these brokers and the reason why they are reliable.

- They are in top largest retail forex brokers:

•    Exness is the largest retail forex brokers: $400 Billions monthly.

•    XM Trading volume: $300 Billions monthly

•    FxPro: $ 100 Billion monthly.

These brokers founded around 10 years; I believe that they are the best ECN brokers to choosing in trading market.

2. Trading cost

The first thing is that we need to take notice of spread and commission. US brokers often charge highest spread and commission while these ECN brokers charge lowest trading cost. For example: For ECN accounts, they charge from 0.0xx pip spread and from 5 - 7$ for each Lot. Exness charges lowest spread with 0.0xx pip. Sometimes, If market doesn’t change, their spread will be zero. For commission they only charge 5$ commission per lot while ICMarket charges from 6 - 7$, XM charges 6$. The second thing is that they offer better payment systems/methods for Asia, Africa, and Australia.

I know some good US and UK brokers are only good in domestic market. For instance, now in my Asian country, if I deposit by Credit Card, my banks will charge me from 1.7 - 4% my fund. It's hard to earn 5% monthly but I have to pay 4% just for depositing. So, it is non-sense for me to trade in those brokers. So, choosing ECN brokers offer local payment systems is very important. The third thing is that these brokers need to have the best payment system.

With many years experience in trading as well as considering carefully many factors. I choose Exness is my “best friend”. They offer over 30 different payment methods. Particularly, they offer many local payment systems which are free-charged. I like everything which is clear and fast. Exness meets my demands. Exness payment system is fast because they built an auto system. Nobody can prevent withdrawal activities. Only simple actions you can trade with Exness easily. Check Exness Payment system here.

Last but not least, these ECN brokers offer better rebates/bonuses

I am attracted by some bonus programs. Most experts complain that they spend too much money to care about bonus/rebate. Things need to care is credibility, spread, swap and payment systems. But I think that rebates and bonuses are vital parts to draw attention traders. What if you get 5$ rebate per lot? It means you are saving 0.5 pip spread (if trading XXX/USD). For me, if the brokers are reliable, there rebate and bonus program are extremely attractive. Furthermore, offering bonus apply for ECN brokers while US and UK brokers don’t allow due to regulations as I mentioned above.

In these 5 brokers, there are only FXTM and XM have bonus programs for beginners. You can get 30$ welcome bonus when first times create accounts. And you also can get 100% bonus when depositing.

Get XM 30$ bonus here

Get FXTM 50$ bonus here

3. Trading conditions

In trading conditions, you pay attention to many things such as better quotes, developing more trading platforms, lower slippages, better execution speed, lower swap or fee swap. I think you should know more about quotes and trading platforms. Their ECN quotes are better.

To know the reason why 80% traders are trading Market Maker and STP accounts I did a survey of 100 traders. In fact, they tell me that ECN account is the best. But the best advantage of ECN account is low cost and transparency. Trading ECN account is risky for beginners because its quotes are much more volatile than STP and MM accounts. Better quotes mean there are less slippages, gap, and no-quote problem. Of course trading with a company (Market Maker) and a bank (STP) is much stable.

Here are top 3 Best ECN quote brokers

1	Exness.com	Check it now
2	FxPro	Check it now
3	ICMarket	Check it now

Although MT4 and MT5 are not perfect, they are 2 most popular trading platforms. Some brokers have invested their own trading platforms because they aren’t compatible with some operation system such as Windows Vista, XP as well as some phones. Therefore, FxPro and XM are placed high in developing/improving trading platforms.

Check XM trading platform here

4. Local supports

ECN brokers are more advantages than other brokers about language. They support 24/7 with over 20 different languages especially English, Chinese, and Thai by live chat, phone and local office as well. If brokers can support traders by local languages, it’s more convenient for us.

These brokers are mainly work on Asia and Africa. And these countries are the biggest forex markets: China, Thailand, Indonesia, South Africa, Malaysia, Vietnam, Iran, Russia, Arabic countries. For the countries that they don't have regional offices, they support by live chat and phone.

- Exness supports 13 languages and 24/7

- XM supports 30 languages and 24/7

- FxPro supports 19 languages

Read more : How to decide the best forex broker 2018

Hey there, this is Fanara Filippo. I'm the author of this article and I'm currently collaborating with Brokerreview.net, or BRKV in short. My articles are mainly for forex traders from Thailand, Indonesia, India, Bangladesh, and South Africa.

Source: http://cashbackforex.club/tkmct_11/nen-choi-forex-o-san-nao-san-forex-nao-tot-nhat-viet-nam.html

How to decide the best forex broker 2018

BRKV - Why are people looking for the best forex broker 2018? With the worldwide connected economy, forex is always a hot market for traders. Therefore, many forex brokers are trying to gain their reputation and make the traders take more thoughts on what traders are the best one for their business.

To make it even easier for those traders who want the good forex broker services, this article will summarize clearly and wholly the best forex traders of 2018 through criteria that traders can review basing on these. Obviously, a good trader has a trustful service with the license confirmed and provides a quick solution that cost the tiny fee or none at all. These advantages are the features that differentiate them from the small or beginning brokers that are less guaranteed and committed. From these categories, both beginners or experienced ones can rely on and make good decisions for their trading when working with or exchange forex.

So review this article for choosing the suitable brokers for your upcoming plans of trading. Or you can read this article for the current best 5 brokers.

  Licenses

Globally famous brokers definitely own for themselves a reliable certificate that is certified by reputable organizations. There are some certificates that make the names trustful itself like NFA (US), FCA (UK), ASIC (Australia), CySEC (Cyprus), FSA (Japan), CFTC (US). With these licenses in hand, a big broker can define themselves for reputation when working with clients. They, clients, can totally trust the brokers can serve them the best service with these licenses.

However, there are warnings that worth noticing that one license fits perfectly for one area. For instance, the Asian market is well served with FSA certificate and kind of not relevant with an FCA one. And secondly, more licenses brokers have more spread, fee or less leverage and trade tools they provide. So, it is not totally perfect for a broker to own a lot of licenses but one with a high level of trust or standard is good enough for gaining traders’ belief.

   Transparency and Fund

It is a huge loss if you are unlucky being tricked by the scam or unsecured brokers that usually have an unclear fund or try to hide the financial reports. So, how do traders know which brokers have the high level of security and transparency that make sure they will be compensated if they lose money. With a publicized brokers they are not hesitated to post all the information about their fund, revenue or financial report right on their site so that any traders can consider themselves. In the recent forex brokers, Exness and FxPro are two brokers that typically have their financial states apparently shown on the websites. Exness even announces their fund now is 4 times higher than the clients’ deposit, which means clients will be guaranteed to be protected if they will be in sudden troubles.

So, transparency and security is an important feature when judging a broker when traders are walking around to find a safe place to invest.

   Trading volume

From the financial report of some best forex brokers, I can provide some valid amount of trading volumes from big brokers that are counted yearly

Exness: 323 billion $ each year

Hot Forex: 280 billion $ each year

Forex.com: 185 billion $ each year

FXCM: 108 billion $ each year

What does the trading volume say about a broker? Yeah, a high trading volume proves that this broker gains their credibility and is trustworthy attracting clients everywhere.

   Withdrawal or Transfer

When traders do their business that is when they risk a huge amount of their money into this trading, so, they do want all the process will be smoothly run. By smoothly, that does not just mean “quickly’’, ‘’safety’’ and ‘’efficiency’ are more important. With the transfer or withdrawal process, internal brokers may offer the faster way or period of time but they are riskier than the foreign brokers which are more professional and well-known widely.

Exness has the better solution for this concern when they have an efficient system that transfer and help client withdraw in the nick of time with the working-well machine that commits the fast service. Exness has the focus on this aspect and to make sure that all the work is done quicker than any other brokers.

   Fee and Commission

There will be cost for the service and forex brokers are no exception, but with the market of the variety of brokers, traders can still be settled with the most reasonable fee and spread. Considering some figures below to see what is the most ideal brokers for traders when they want the lowest spread or charges or even none at all for the service. For some low-rate-in-spread-and-commission brokers, I can name Exness, Hot Forex, or FBS just with 1.1 pip in the comparison with some other higher numbers of XM and FXTM’s go with about 1.7 pip. Of course, there are most brokers have their priority to regular clients when they cost no commission on them. However, for ECN clients, they have to pay for the commission when the spread is almost not at all. Check here for the best ECN brokers today.

Almost big brokers in the world work with EUR/USD currency pair so the lowest spread and the tiny amount of commission are preferred by traders and there is one recommend for them is Exness with the lowest spread rate, just about 2,5 $ for each lot. 

   Customer service

One of the most satisfying fact that gains clients’ long-term relationship is the good customer service that makes the traders feel they are always welcome with any problems faced. Forex markets are run worldwide and when traders operate their business with the forex, languages are the huge block. So, the brokers are tooled with the multi-language speaking staff will serve with the efficient service. Moreover, the professional traders work all day with the flexible time frame that is available at any time. The good service like that can be found on some of the well-known brokers like Exness, FBS, FXPro, and XM.

   Leverage level

How to know what brokers can be a good source for good leverage. With the case of the US, UK or even Japanese brokers, they are governed by regulations of many licenses that require a high fee or offer low leverage. That means traders will find other paths that are generous on the leverage for their trading plan. Exness offers for the accounts trading over 5 times and having the amount of margin of more than $1000 the maximum leverage of 1:2000, that is definitely a huge amount. Or that maximum number of Hot Forex FBS  is 1:1000, and for XM is 1:888. These are easy going gate for the traders want an open door for their trading, especially Exness.

   Deposit amount

Why is a minimum amount of deposit is so compromising for traders? Assuming that you are a fresh trader that is so green and naive for the market, the little amount of deposit is the best cost for a failure for the first time trading. Some big brokers understand that beginning traders are stepping one foot into the forex market so they will risk very little amount for the deposit. For the begging step or the safe spend on forex, a beginner can make the very first account on Exness and FBS with only $1 for the deposit or Hot Forex with $5

These all review about some features that may be useful for your consideration when you invest in the forex field, so make sure you have in hands all the judges from this article. If you’re looking for an account for beginners, check here.

Read more : WHY ARE TRADERS INTERESTED IN BEST FOREX CONTEST

Hey there, this is Fanara Filippo. I'm the author of this article and I'm currently collaborating with Brokerreview.net, or BRKV in short. My articles are mainly for forex traders from Thailand, Indonesia, India, Bangladesh, and South Africa.

Sourse: http://cashbackforex.club/