Top five forex brokers.

Hey guys in this video

I'm going to be telling you about the top five forex brokers in the world

These brokers have been around for a while and has submitted their spots as
reputable brokers in the forex market

But before we dive in here are some of the factors you need to consider when
seeking a broker

Reputation what the reviews say about a particular broker are people happy with
their services or are they bad?

Spread and Commission. This is the amount of broker charges you per trade.

Customer service and support how responsive is the broker to your complaints?

Regulation and license, are they regulated by the official body in their country?
You have to ensure that they're regulated

Payment method and deposit withdrawals how easily can you put money in and get
money out of your Forex account very important

Fast market execution how quickly does a broker fulfill your trade?

Margin and leverage. This is all about how much you were able to control with the
amount in your account

Currency pairs how many currency pairs are available for you to trade?

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Here's the list of the best five brokers in the world

Number one. IC markets. IC market is a reputable Forex broker. It has been in the
market since 2007

They're based on Australia and regulated by the Australian Securities and

Investment Commission. ASIC

IC markets is known to have some of the lowest fees in the currency market the
average spread for euro/USD is

0.1 while USD/Cad is

0.6. The other currency pairs fall somewhere in between for commissions

IC markets charges three dollars and fifty cents per lot per side for both
Metatrader 4 and 5 and 3 dollars per

100 thousand dollars on ctrader the minimum deposit is $200 and you can access a
maximum leverage of 500:1

IC markets you get to trade 60 plus currencies 10 plus crypto currencies and

215 plus CFD

Withdrawals and deposits are free and you can transfer funds via bank wire Visa
MasterCard PayPal Skrill, etc.

IC markets has great customer support. You can reach them via phone email or live
chat on ic markets

You will need to provide photo ID and proof of residence for verification

IC markets was awarded the best lowest spread Forex broker for 2020

number 2. Forex Time (FXTM)

FX TM is one of the leading forex brokers out there. They launched in 2011 and are
based in Cyprus

they're regulated by several financial institutions in different countries like the

FCA CYSEC and FSCA

That tells you that they are indeed trustworthy. FXTM offers low spread

0.1 for aud/jpy and

11.1 for EUR/NOK, the other currency pairs fall somewhere in between

FXTM charges no commissions on a standard account

FXTM lets you deposit a minimum of 10 dollars can offers a max leverage of 1:1000

FXTM you can trade up to 59 currency pairs for depositing and withdrawing funds you
have a lot of options

Bank wire credit cards, Skrill, netteller, web money, perfect money, Uwallets and
even Bitcoin

Deposits are free while you are charged up to three dollars per withdrawal

Customer support is great

They offer multiple languages available 24/5 to become a verified client on FXTM

You will need proof of identity and proof of address

FXTM was awarded of the best trading experience for 2019 by world finance Awards

No.3 Forex Financial Brokerage service (FBS)

FBS is a huge Forex broker in Asia founded in 2009

They have offices across Asia and are regulated by the IFSC and believes

FBS lets you deposit a minimum of $1 and they offer a maximum leverage of 1:3000,
the highest in the industry

Spread starts from as low as 0 up to 1 pip. No Commission is charged

On FBS, you can trade over 35 currency pairs

Deposit and withdraw methods abound visa, bit wallet, local exchangers. Perfect
money, Skrill, stick pay
FBS may charge fix commission or a percentage commission or a combination of both
depending on the withdrawal and deposit method used

customer support is quite good as they offer 18 languages. To get verified on FBS

All you need to provide is a copy of your government-issued ID or passport

FBS was awarded the most progressive Forex broker Europe 2019 by International
Business Magazine

No.4 OCTAFX

OctaFX was founded in 2011 and regulated by CYSEC (Cyprus Securities and Exchange
Commission)

OctaFX lets you deposit a minimum of $5 for a maximum leverage of 1:500

You get access to about 28 currency pairs and other commodities including crypto

The spread will depend on the type of account and the trading platform

Spread can range from 0.1 to 30 pips octa FX charges no Commission on Mt

4 and mt 5 but does on ctrader as

0.03 ask for withdrawals and deposits you could use any of the following

credit card, cryptocurrencies, wire transfer , Skrill and netteller

Best part is that there are no fees associated with withdrawal and deposit on
OctaFX

OctaFX offers customer support in multiple languages 24/5

All you need to verify your account on OctaFx is a government-issued photo ID.

awarded best broker 2019 by global banking and finance review

No.5 Exness

Exness group was founded in 2008 and is regulated by CYSEC FCA and FSA

You can deposit a minimum of $1 and they offer a maximum leverage of 1:2000

You can trade over a hundred currency pairs as usual trading fees depend on the
account type and the market treated

Standard accounts are Commission free and spread starts from 0.0 Pips

There are no fees for deposits and withdrawals, which could be done via the
following channels

MasterCard, Bitcoin, perfect money, netteller, webmoney, Skrill etc.

Exness offers 24/7 customer support in English and eleven other languages. To
verify your account

You will need proof of residence and photo ID.

Exness was awarded best global Forex customer service by the global Forex awards in
2019

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