ThisForex trading broker provides currency trading training for online Forex trading. Traders who want to experience automated trading can use the Fixed Rate Finder platform as this forex broker is associated with an automated binary solution called Binary Options Robot. Traders who choose this broker have access to Forex and CFD trading as well as binary options through a unique multi-level OlympTrade is a Forex and Fixed time trades broker located in Saint Vincent and the Grenadines. The broker was founded, established, and launched in the year 2014. Olymp Trade boasts of a total of over 20,000 traders daily. This translates to Olymp Trade's monthly payouts of over $13,681,000 and more than 37,990,700 closed trades monthly. 1000020000 35000 50000 100000 250000 500000 reset filter Maximum Account Size ($) 200 The advantages of fixed spread forex brokers. as well as with confirmation to execute the current operation at the new rates - re-quotes. This way of the order implementation is called Instant Execution. ThisForex trading broker provides currency trading training for online Forex trading. Traders who want to experience automated trading can use the Fixed Rate Returns platform as this forex broker is associated with an automated binary solution called Binary Options Robot. Traders who choose this broker have access to Forex and CFD trading as well as binary options through a unique multi-level Beberapabroker forex yang memberikan kurs fix rate antara lain: 1. Broker forex FBS. Program kurs fix rate FBS berlaku hanya untuk klien Indonesia dan Thailand. Untuk klien forex Indonesia, nilai kurs adalah 1 USD = 10000 IDR. Untuk bisa mendapatkan fasilitas fix rate kurs FBS ini anda hanya perlu mengaktifkannya dengan masuk di link berikut. 2. GNFR. Want the best forex brokers? Forex trading is arguably one of the easiest financial markets to begin trading in. To get started, you just need to open and fund an account with a regulated online broker. Choosing the best forex broker to trade forex does require some initial research to find the one most suitable for your trading needs and experience picks for the best forex brokers appear below along with details about each broker and their trading platforms. As you read through your options, remember that the majority of forex trading platforms can help you open a basic account and begin your investing journey. 13 Best Forex BrokersWhat is a Forex Broker?Why Trade ForexForex Pros and ConsForex Markets ExplainedRisk and Reward in Forex TradingChoose Your Forex Broker WiselyFrequently Asked QuestionsMethodologyWith these brokerage options, you are choosing based on the services and extras they provide above and beyond what a traditional broker would do. Some brokers include advanced trading tools like TradingView, as well as a CRM system to manage your forex trades, currency pairs, and foreign exchange rates. Here is who made the listBest for Earning Cash Back for a Straightforward MetaTrader Experience HYCMBest for Execution IG MarketsBest for Eco-Conscious Traders CedarFXBest for Trading in the App OctaFXBest for Novice Trader Best for Passive Forex Investors TechBerryBest for Spread-Based Accounts for Beginner Traders JustMarketsBest for Advanced Forex Traders Interactive BrokersBest for Non-US Traders eToroBest for Leverage AvaTradeBest Bonus FXCCBest for Trading CFDs RoboForex1. Best for Earning Cash Back through is a subsidiary of StoneX NASDAQ SNEX and ranks as the best overall forex caters to forex traders with a wide selection of tradable currencies, low account minimums, and a notable trading platform. It's a suitable option for brokers seeking a home base for their currency trading. offers a comprehensive education and research center with free forex trading courses at various skill levels, which both new and experienced traders can benefit broker accepts clients and is regulated in the by the Commodity Futures Trading Commission CFTC and the National Futures Association NFA. also has oversight from regulators in 6 major world jurisdictions through its for clientsEasy-to-navigate platformExtensive educational resources and research tools90+ currencies to buy and sellLeverage available up to 501MetaTrader 4/5ConsCannot buy and sell other securities like stocks and bondsMetaTrader 5 only available outside the account protection for clients2. Best for a Straightforward MetaTrader Experience HYCMsecurely through HYCM Capital Markets's websiteHYCM is at top-rated forex trading broker offering investors access to 69 currency pairs. In addition to forex trading, HYCM provides its customers with leverage stock trading, ETFs, commodities and more. Signing up for an account is fast and easy — you can open a foreign exchange account in just 10 a customizable fee system, this FX trading platform has something to offer everyone, including experienced and new investors. The platform contains plenty of educational materials and investing resources for all its users. Unfortunately, HYCM does not serve customers in the USA; however, it is a great choice for individuals living in 140 other fee scheduleMetaTrader 4/5Islamic accounts are available for traders who need swap-free accountsLeverage 1500Mobile app with a simple trading experienceExcellent selection of educational and research toolsConsInactivity feesNo customer support on the weekendLimited opportunities for passive trading3. Best for Execution IG Marketssecurely through IG Markets's websiteSpread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. IG Markets gives clients access to trade up to 80 different currency pairs. The broker requires a $250 minimum Group accepts clients due to oversight from the CFTC and NFA. IG holds your money in segregated accounts under trustee arrangements for added security. In addition to its proprietary trading platform, IG offers support for 3rd-party forex platforms such as MetaTrader 4 and ProRealTime. It also allows application programming interface API trading. IG offers a variety of investment choices for forex for traders80+ currency pairsPlatform is designed to be user-friendly for and tablet platforms provide the same level of functionality as the desktop rates are easy to understand and traders can currently only trade forexCustomer service options are lackingNo 2-factor authentication on mobile devices4. Best for Eco-Conscious Traders CedarFXBest ForInvestors interested in 0% commission or eco conscious tradingsecurely through CedarFX's websiteCedarFX is not regulated by any major financial agency. The brokerage is owned by Cedar LLC and based in St. Vincent and the Grenadines. CedarFX believes in combining the finest market conditions with excellent pricing and technology so clients can grow their accounts in the foreign exchange forex broker provides traders with access to various investment choices such as stocks, futures, major and exotic forex pairs, and cryptocurrencies. However, additional educational resources could be beneficial. Overall, CedarFX is a distinctive choice for traders interested in offers 2 account types 0% commission accounts and eco users to offset their carbon footprintAvailable for traders0% commission investingDemo account available24/7 customer service available through live chatEco client accounts 10 trees planted for each lot tradedConsLack of educational resources for new investorsBroker is not licensed or can only be made in Bitcoin, with a minimum of $ Best for Trading in the App OctaFXBest ForTrading in the Appsecurely through OctaFX's websiteOffering over 200 assets with which you can trade, OctaFX, allows you to diversify your portfolio and build value all in one have access to trade multiple assets including crypto CFDs, 40 forex pairs, and copy trading. You can use this platform to look into other investment choices as your budget allows, making it possible for you to learn, study and invest in your own time. When you want to try something new, you can start with Octa FX and begin a new investment journey or keep many of your most unique investments in one currency pairsMetatrader 4/5 availableLow account minimumAll accounts are SWAP freeNegative balance protection for European clientsConsLimited number of tradable assetsLack of deposit and withdrawal methodsregulated by one top-tier regulator Cysec6. Best for Novice Traders ForForex Traders Seeking a Reliable and Secure Trading Platformsecurely through is a popular choice among forex traders due to its commission-free trading, low deposit requirement, high leverage, narrow spreads on major currency pairs, and speedy trade traders who deal in commodities, indices, crypto, CFDs, and stocks can also take advantage of the platform's favorable trading conditions and strong tools. The company emphasizes its advanced technology, superior customer service, and adaptable trading 1001Tight Spreads100+ currency pairsZero commission chargeConsUnavailable for Canadian, Japanese, Turkish and Israeli tradersLack of regulation in some jurisdictionsFewer educational resources are available in comparison to other platformsLimited tradable instruments — the platform focuses mainly on forex trading with a limited selection of other assets7. Best for Passive Forex Investors TechberryBest ForPassive Forex Investorssecurely through Techberry's websiteWhen you invest in the forex market, there are millions of other traders just like you looking for the right strategy. When you use TechBerry, you get access to automated social trading and analysis that leverages statistics from the current everyone who uses TechBerry is getting up-to-date data that is then used by to make better decisions for your investments. Put simply, you fund your account and allow the platform to give you the trading strategies that will work best in your situation. With an average monthly return of you can be sure that you money is in the right hands. This works well for passive forex investors because it allows you to let the platform do most of the work on your behalf. When you choose the strategy, the platform executes those trades and maintains that strategy until you make a with TechBerry, you getReal-time trade monitoringAutomated tradingQuality customer supportVerified analysis Loss protection insuranceSeveral account optionsFinally, you can also earn money from your trading statistics. Just sign up and share your data with TechBerry to get paid for the data streams that you create every day with your forex ProsReal-time asset informationVerified analysisLoss protection coverageConsMay not serve self-directed investors8. Best for Spread-Based Accounts for Beginner Traders JustMarketsBest ForSpread-Based Accountssecurely through JustMarkets Inclusions's websiteJustMarkets, formerly Justforex, was founded in 2012. JustMarkets offers four types of accounts for you to choose from. The services and instruments offered depend on your jurisdiction. Two account types allow you to start with as little as $1, while the other two require a minimum deposit of $ over 170 trading instruments and availability in 200 countries, JustMarkets is a global platform with low fees. It allows you to try forex trading without investing a large amount. Additionally, it has customer service available 24/7 in English, Indonesian, and trading instrumentsHigh leverage of up to 13000 up to 130 for retail clients and up to 1300 for professional clients on 4/5 offered MT5 only for EUOrder execution from secondsUp to 11 base currency options depending on license typeScalping, hedging, forex robots EA allowedConsNot available in the or Japan and some EU countriesEducational materials are limitedNo cTrader or TradingViewNo banking license9. Best for Advanced Forex Traders Interactive BrokersBest ForActive and Global TradersSecurely through Interactive Brokers’ websiteInteractive Brokers is a premier broker for trading forex, stocks, ETFs, cryptocurrency, bonds, options, futures, and more. Clients have access to 100+ tradeable currency pairs, tight spreads as narrow as 1/10 PIP, real time quotes from 17 of the world’s largest FX dealers, and low commissions with no hidden spreads or desktop trading platformMobile app offers the same functionality as the desktop to a massive range of tradable assetsLow margin ratesEasy-to-use and enhanced screening optionsASIC regulated brokerConsFor new investors, trading platforms can be dauntingForex trading is not available for residentsVery restrictive trading permissions10. Best for Non-US Traders Non US eTorosecurely through eToro Forex's websiteeToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFD trading is not available to users and 77% of retail CFD accounts lose money. eToro specializes in social trading, which is ideal for beginners since you can follow the trades of expert traders with a proven track record. In addition to its world-class social trading network, this broker has excellent educational resources for forex beginners. Their intuitive multi-asset trading and social trading platforms and apps can be used by anyone immediately. Unfortunately, they do not support the MetaTrader 4 and 5 MT4 and MT5 trading is straightforward and feature that allows new traders to copy the same strategies used by professionalsVirtual dummy account that gives you $100,000 to practice tradesAdvanced trading features in the mobile appConsHigh non-trading feesNo crypto-to-crypto trading pairsCustomer support needs improvement11. Best for Leverage Non US AvaTradeBest ForNon US Forex Tradingsecurely through AvaTrade's websiteAvaTrade, one of the most secure brokers in the industry, carries 7 regulations across 6 continents Europe, Australia, Japan, British Virgin Islands, UAE and South Africa. You’ll be pleasantly surprised by its asset availability, leading platforms and generous trading conditions you can leverage your positions up to 4001.ProsControlled by regulatory agencies of multiple countriesSupport available in 14 languages and trading platforms can be accessed in 20 languagesDemo account availableVariety of trading assetsFast and easy account openingConsAverage trading costsHigh inactivity feesTransferring funds may take up to five days; withdrawals could take up to 10 days12. Best BonusNon US FXCCBest ForForex and CFD Traderssecurely through FXCC's websiteFXCC is the best brokerage for users, allowing you to choose from 70 currency pairs, several CFD options, spot metals and the top 8 cryptocurrencies. Bitcoin, Ethereum and Litecoin are just a taste of the popular cryptocurrencies that are available. You might also invest in 12 popular stock indices, spot WTI and Brent crude broker modelFree Virtual Private Server VPSSupports MetaTrader 4Has an offshore subsidiary for high leverage tradingConsSupports only one trading platformNo customer support on weekendsMetaTrader 5 not available13. Best for CFD Trading RoboForexsecurely through RoboForex's websiteRoboForex is a global multi-asset trading platform that runs on MT4 and MT5. It operates in various countries and claims more than 10,000 users. Traders can trade forex and contracts for difference CFDs — and do so in multiple languages. The platform was started in 2009 and is located in account minimumNo deposit or inactivity feesNegative balance protectionSupports multiple trading platformsCopy trading availableFree VPS serverConsMay not scale to your needsSmall number of currency pairs offeredLack of crypto toolsWhat is a Forex Broker?Retail forex brokers are financial institutions that act as an intermediary between individual trader clients and the foreign exchange market. These FX platforms have an online presence in the form of an official website and they target smaller traders who wish to operate in currency trading on a margin forex brokers generally allow traders to execute forex deals largely using their supported electronic trading platforms. In addition to offering their own proprietary trading software, many online forex brokers support popular 3rd party forex trading platforms like MetaTrader 4 and 5 MT4/5 from forex brokers also offer very useful educational information for beginners you can use to increase your knowledge about trading. They might also provide access to expert forex market analysis and financial news feeds to help you make better trading you choose a forex broker that uses automation, you can try trading bots. These bots are AI-enabled programs that use prevailing information to trade on your behalf, and each bot uses a specific trading plan that is designed to help increase your earnings. However, trading bots are not perfect. You must do your research, set a budget and monitor your account for the best Trade ForexMaking a forex transaction involves the simultaneous purchase of 1 currency and the sale of another at a given rate of exchange known as an exchange rate. Forex traders make a profit by buying 1 currency pair low and selling it high, or by selling 1 currency pair high and buying it people like to trade forex because they can get started so easily by opening up a trading account and downloading a free forex platform like MetaTrader. You can get in and out of positions rather quickly, easily trade at your pace and make money based on your trading objective. This is often the place where investors start so they can get a handle on the currency market without feeling confused over the asset they’re Pros and ConsThe foreign exchange market has a unique set of pros and cons for traders that include those listed leverage Because exchange of currencies at the going market rate has no net value, the use of leverage in foreign exchange trading allows you to control quite large positions with a rather small margin deposit. This increases your risk but also lets you benefit from relatively small exchange rate liquidity The forex market is the largest financial market in the world, so it has a very high level of liquidity in the major currency pairs. This allows for sizable transactions to be executed in those pairs at virtually any time during normal trading trading The forex market remains open for trading at all times from 5 EST on Sunday until 5 EST on Friday, even during holidays. This provides constant trading opportunities during market asset choices While many stocks can be traded, only a relatively few currency pairs are available to forex traders, and not all of them are highly liquid like the Strong movements can occur in the forex market as new information is digested by participants. This volatility can result in unexpected gains or losses for OTC market The Interbank forex market trades over the counter OTC and so it remains largely unregulated. Still, some regulations are put in place in many jurisdictions to protect retail traders making transactions through online Markets ExplainedIn the forex market, traders agree to exchange 1 currency for another to make a transaction in that currency pair at a particular level known as the exchange rate. Like stock prices, this exchange rate fluctuates based on supply and demand factors, as well as on the forex market’s overall expectations of future traders can make money on a currency transaction in 2 ways. First, if they buy or go long a currency and it goes up in value versus the sold currency, then they earn a profit. Second, if they sell or go short a currency and it goes down versus the bought currency, then they also currency pairs quoted in the forex market show substantial volatility or fluctuations, which can result in gains or losses for traders. You can review the EUR/USD pairing over the past week, month, year or more. Seeing the history of the pairing gives you quite a bit of information, and you can compare the stock’s movements to current events in either the or European the comparison process, you may notice that the pairing moves inverse to the news you’re reading. As you read further, you learn how to anticipate where currencies will move based on current and Reward in Forex TradingRewards are generated in forex trading when you take a long or short position in a currency pair that subsequently appreciates in value. The high level of risk in doing a forex transaction is when the market doesn’t perform as expected once you have done a forex brokers allow traders to magnify the gains or losses they take on a position via the use of leverage. Leverage is typically expressed as the ratio of the size of a position you can control by placing one unit of base currency on deposit as margin. Hence, a 5001 leverage ratio would mean that you can control a $500 position with a $1 margin most successful traders have a minimum risk/reward ratio for a trade before they will consider taking it, such as 12 or 13. For example, if you think the chances of a trade making 20 pips is around the same as the chances of it losing 10 pips, then your risk/reward ratio of that trade is 12. If that meets your risk/reward ratio criteria, then you might consider that trade worthy of Your Forex Broker WiselySince your forex broker will be your primary trading partner, you want to choose one carefully to make sure they are reputable and will fit your requirements and trading strategies. Open a demo account with an online broker you’re thinking of using to see whether it is a good fit. Demo account trading can also help prevent potentially costly errors that might arise from you being unfamiliar with the broker’s trading Asked QuestionsQCan I trade forex with $10?AYes, some online forex brokers will accept clients with a very low minimum deposit like $10 or even less. QCan I trade forex without a broker?AYes, you can trade in the over the counter OTC forex market with major financial institutions using credit lines if you are a high net worth individual or corporation. If you’re a retail trader with a modest amount of risk capital to use as margin, you’ll need an online forex broker to trade currency pairs through. QIs forex good for beginning investors?AInvestors can diversify their portfolios by trading currencies and other forex assets, despite the potential complexity of forex trading. It is recommended to approach trading with caution and to thoroughly research the assets you plan to invest in. Forex trading platforms offer a variety of educational and research resources for you to utilize. Take advantage of these resources to expand your top brokers were chosen for this review for various reasons depending on the specific category in which we felt they excelled. Baseline requirements included the strength of their regulatory environment, their generally good overall reputation with clients earned over an extended period and a substantial number of currency pairs available for trading. People's ChoiceBest Forex Broker Visit this?RatingREGISTER 1 Get $10,000 in your DEMO account Minimum trading amount is $1 Get up to 98% Rate on Return Fast deposits and withdrawals $10 minimum deposit $10 minimum withdrawal Get $10,000 FREE to DEMO trade in Quotex. The Fixed Time Trading market is a constantly changing industry. With so many brokers to choose from, it can be difficult to decide which one will best suit your trading needs. We’ve compiled a list of the top 10 Fixed Time trading platforms that are most likely going to be in business in 2022. We hope this helps you make an informed decision about where you want to start investing your money. Fixed Time Trading Platforms of 2022 1. Olymp Trade. Olymp Trade offers a wide variety of options to trade with, including forex pairs, commodities, stocks, and indices. They offer up to a 92% fixed return on your investment for each successful trade you make along with instant withdrawals without any fees or minimum withdrawal requirements. Visit this?RatingREGISTER 1 Get $10,000 in your DEMO account Minimum trading amount is $1 Get up to 98% Rate on Return Fast deposits and withdrawals $10 minimum deposit $10 minimum withdrawal Get $10,000 FREE to DEMO trade in Quotex. This is probably the most well-rounded Fixed Time platform that we’ve seen in a long time. We would recommend Olymp Trade to any investor who wants a high rate of return and ease of use. They also offer a free demo account so you can try out their platform before deciding if it’s right for your trading needs. Complete Olymp Trade Review 2022. Is this the best Broker so far? Let’s Find Out. Visit this?RatingREGISTER 1 Get $10,000 in your DEMO account Minimum trading amount is $1 Get up to 98% Rate on Return Fast deposits and withdrawals $10 minimum deposit $10 minimum withdrawal Get $10,000 FREE to DEMO trade in Quotex. 2. Iq Option. Iq Option is a broker that has been around since 2013 and has quickly become one of the most popular binary options platforms in the world. They offer a wide range of assets to trade, high payouts, and a user-friendly trading platform. Iq Option is regulated by CySEC and has built up a reputation as being one of the most trustworthy brokers in the industry. There are two main types of binary options trading platforms broker-assisted and self-directed. Most people will want to start out with a broker that provides assistance but at the same time gives them room for learning on their own, before transitioning into more advanced strategies such as algorithmic trading or social trading. Iq Option is a broker-assisted platform that provides users with all the tools they need to make informed trading decisions. Their trading platform is easy to use and offers a wide variety of features, including high payouts, expiry times from 60 seconds to 365 days, and the ability to trade on over 190 assets. Iq Option is a great choice for new and experienced traders alike. 3. Expert Option Expert Option is a well-established binary options broker that has been in business since 2015. They offer a variety of trading products, including stocks, commodities, indices, and currencies. Expert Option is one of the few brokers that are regulated by the Cyprus Securities and Exchange Commission CySEC. They have a user-friendly platform that is easy to navigate, and their customer service team is available 24/11 to assist you with any questions or concerns that you may have. Expert Option also offers a wide variety of deposit and withdrawal methods, including credit cards, wire transfers, and e-wallets. They offer a 50% bonus on all deposits, and they have one of the highest payout rates in the industry. Overall, Expert Option is a great choice for binary options traders who are looking for a reliable and reputable broker. Visit this?RatingREGISTER 1 Get $10,000 in your DEMO account Minimum trading amount is $1 Get up to 98% Rate on Return Fast deposits and withdrawals $10 minimum deposit $10 minimum withdrawal Get $10,000 FREE to DEMO trade in Quotex. Visit Expert Option 4. Binomo Binomo is a binary options broker that has been around since 2014. They have an excellent trading platform with a wide variety of assets to choose from, and they offer some of the highest payouts in the industry. Withdrawals are processed quickly and without hassle, and their customer service department is always willing to help you if you have any questions or problems. Visit Binomo. 5. Deriv is a newer brand that has quickly become an industry leader in digital options trading. They are fully regulated by the CFTC and have won numerous awards, including Best New Binary Options Broker of 2016 from Money-Media. Their innovative technology allows for quick deposits and withdrawals within one day while also offering some of the highest payouts in the market. Deposit Methods Credit card, debit card, bank wire, Skrill, Neteller Minimum Deposit $5 Features 24/hour customer support, high payouts, fast withdrawals, innovative technology Regulation CFTC-regulated Company Reputation Great Visit Deriv. Forex Trading Platforms of 2022. 6. XM Forex. XM Forex is a regulated broker that has been in business since 2009. Visit this?RatingREGISTER 1 Get $10,000 in your DEMO account Minimum trading amount is $1 Get up to 98% Rate on Return Fast deposits and withdrawals $10 minimum deposit $10 minimum withdrawal Get $10,000 FREE to DEMO trade in Quotex. They offer a variety of trading platforms, including the popular MetaTrader MT-four platform, mobile apps, and web platform. XM Forex offers competitive payouts, fast withdrawals, and a wide selection of assets to trade. They are also one of the few brokers that offer Islamic accounts, which are compliant with Sharia law. Visit XM Forex Get 100% Deposit Bonus Rating AAA+ Why We Like Them Great payouts, fast withdrawals, and a wide selection of assets. They are also one of the few brokers that offer Islamic accounts. 7. FXTM Broker A veteran of the industry, this UK-based broker is known for its fast withdrawals and easy-to-use trading platform. FXTM is regulated by the ASIC, which means you can trade with confidence knowing that your funds are safe from any prying eyes. FXTM offers over 100 different assets including currencies, stocks, indices, and commodities so there’s always something for everyone. You can also enjoy free trading tools, demo accounts, and webinars to help you gain the necessary knowledge before starting your own investments. 8. Hot Forex Hot Forex is a broker that’s been around since 2010 and has a good reputation in the industry. They offer a variety of trading platforms, including the popular MetaTrader platform. They also have a wide range of deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets like Skrill and Neteller. Hot Forex is regulated by the Cyprus Securities and Exchange Commission CySEC and is considered to be one of the safest brokers in the industry. They have a wide range of assets available for trading, including stocks, commodities, indices, and currencies. One downside to Hot Forex is that its minimum deposit is $100. This is much higher than most other brokers, but they have a low minimum withdrawal amount of just $5. Hot Forex offers one free demo account and two different types of live accounts Standard and VIP. Their standard trading platform is fairly user-friendly for those who don’t have any experience with Forex trading, but their VIP account offers a number of additional features, including personal training, a dedicated account manager, and trading signals. Hot Forex is a great broker for those who are looking for a wide range of assets to trade and want a regulated and trustworthy broker. Visit this?RatingREGISTER 1 Get $10,000 in your DEMO account Minimum trading amount is $1 Get up to 98% Rate on Return Fast deposits and withdrawals $10 minimum deposit $10 minimum withdrawal Get $10,000 FREE to DEMO trade in Quotex. Visit Hot Forex >> 9. eToro eToro is a social trading platform that allows you to trade stocks, indices, commodities, and currencies using their copy trader feature. This means you can automatically copy the trades of other traders on the platform who have a history of profitability. eToro has over six million users and is one of the most popular trading platforms of all time. eToro is licensed and regulated by the Cyprus Securities and Exchange Commission CySEC and is one of the few binary options brokers that are registered with financial regulatory authority. The platform also has an A+ rating from the Better Business Bureau. Minimum trade size $25 Payouts 81% on EUR/USD pair Trading platform Web, mobile, and desktop Deposit methods Credit card, debit card, PayPal, bank transfer, Skrill, Neteller Features Copy trader feature, social trading network, multiple language support, iPhone and Android apps, demo account Company reputation Good Security Secure socket layer SSL encryption for data transfer and storage, two-factor authentication. eToro also offers a 100% guarantee on deposits up to $200 if the site is hacked or goes out of business. 10. Pepperstone. Pepperstone is a well-known forex and CFD broker that entered the binary options market in 2017. They offer an industry-leading trading platform with a wide range of features, including one-click trading, social trading, and advanced charting tools. Pepperstone also offers competitive payouts on winning trades as well as a variety of deposit and withdrawal methods. Visit this?RatingREGISTER 1 Get $10,000 in your DEMO account Minimum trading amount is $1 Get up to 98% Rate on Return Fast deposits and withdrawals $10 minimum deposit $10 minimum withdrawal Get $10,000 FREE to DEMO trade in Quotex. Pepperstone is a regulated broker with a strong reputation in the industry. They are based in Australia and are licensed and regulated by the Australian Securities and Investments Commission ASIC. Visit this?RatingREGISTER 1 Get $10,000 in your DEMO account Minimum trading amount is $1 Get up to 98% Rate on Return Fast deposits and withdrawals $10 minimum deposit $10 minimum withdrawal Get $10,000 FREE to DEMO trade in Quotex. Last updated by Richard Berry June 2, 2023 Currency brokers can save you money when converting and transferring large amounts of money abroad for property purchases or business because they offer better exchange rates than banks and advice on when to convert currency. Best currency brokers compared and reviewed You can use our comparison of what we think are the best currency brokers to compare how many currencies they offer, the minimum and maximum transfer, what type of transfers they offer, how much currency they transfer annually, how many customers they have and when they were founded. In our guide, we review some of the best currency brokers and explain how to get the best price, execute transactions properly and prepare for sending or receiving large amounts of money to or from abroad. Currencies Direct Best currency broker 2023 Currencies 40+Minimum transfer £100Forward contract 12 monthsAnnual transfers £ of customers 325,000 Currencies Direct has built up a network of 22 offices since 1996 around the world and serves more than 325,000 personal, business and online selling clients. You can transfer money online, through the company’s app, in one of its branches or over the phone with the help of an account manager. In our 2023 and 2020 currency broker awards Currencies Direct won best overall currency broker. This was based on the feedback of clients asked to rank currency brokers relative to their peers. Clients voted on ease of use, speed and reliability of transactions, and extra features like mobile apps, customer service and added more information read our expert Currencies Direct review Pros✔️Personal service✔️Negotiable exchange rates✔️Part of a large groupCons❌No currency options TorFX Best currency broker for large international transfers Currencies 40+Minimum transfer £100Forward contract 24 monthsAnnual transfers £ of customers 325,000 TorFX founded in 2004 is better suited to those who need to transfer a large amount of money as they provide a personal service where you can ask for price alerts, advice on market timing and also protecting your budget through currency forward more information read our expert TorFX review Pros ✔️Part of a large group✔️Good exchange rates✔️24-month currency forwardsCons ❌No currency options Key Currency Excellent exchange rates for large transfers Currencies 42Minimum transfer £1,000Forward contract 12 monthsAnnual transfers £2bnNumber of customers 50,000 Key currency has been helping customers with large currency transfers since 2015, is one of the cheapest currency brokers we feature and also won “best currency broker” in our 2022 awards because of their discounted rates. You can send money in 42 currencies around the world, and as well as very large transfers you can send as little as £1,000, and you can lock in an exchange rate for up to a year in more information read our full Key Currency review Pros✔️Excellent exchange rates✔️Personal service✔️Advice and strategy helpCons❌No currency options OFX Best currency broker for zero transaction fees Currencies 55+Minimum transfer £250Forward contract 12 monthsAnnual transfers £ of customers 1,000,000 OFX does not charge any fees on top of the exchange rate you get. Exchange rates are of course bank-beating and are based on size, so the larger your transaction the better the rate you will receive. OFX is also one of the most established currency brokers and have been established since more information read our expert OFX review Pros✔️Bank beating exchange rates✔️Lots of currency available✔️Good app and analysisCons❌No currency options Global Reach Partners Best currency broker for complex transfers Currencies 30+Minimum transfer £3,000Forward contract 24 monthsAnnual transfers £6bnNumber of customers 30,000 Pros✔️Expert advice ✔️Currency options✔️Discounted exchange ratesCons❌High minimum transfer What's in this guide to the best currency brokers? show What does a currency broker do?As well as a currency broker being able to give you much better exchange rates, here, we highlight ten reasons why you should use a currency broker compared to your exchange rates on large transfers You’ll get a better exchange rate with a currency broker than your management Banks generally don’t offer forward contracts to lock in an exchange Service A currency broker will offer phone support from an account manager to hold your hand through the You can call up a currency broker almost any time to ask for advice and progress With a currency broker, you have more control over the timing of a You can use limit orders and stop-loss orders to get a better price with a currency Currency brokers offer a variety of ways to protect your foreign exchange exposure with Some currency brokers offer OTC FX options for buying and selling foreign currency If you receive a foreign currency into a UK bank, they will generally convert it automatically, giving you no control over costs and Currency brokers can give you a fixed percentage mark-up on your course, there are sometimes occasions when a currency broker is not better than your bank. Here are a few reasons why a bank may be more appropriate than a currency transactions Sometimes currency brokers will only convert £1,000 upwards, you are better off using a money transfer app for You’ll need to open an account with a currency broker, but you will already have one with your It will be more expensive to send money through your bank, but if it is just a one-off small amount, the price may not matter, versus the time it takes to open a currency broker protection Currency brokers are not covered by the FSCS Financial Services Compensation Scheme, so your money is safer at the bank as they have enhanced protection on customer balances. What is the best currency broker?In our 2023 awards Currencies, Direct won “best currency broker”. They scored very highly in our customer survey, with very high scores in customer satisfaction and Currencies Direct is also a well-established provider founded in 1996 and has 22 offices around the We have chosen what we think are the best currency brokers based on20 years in the currency brokerage industryInterviews with the currency broker CEOs and senior managementOver 17,000 votes in our annual awardsAnalysis and testing of the platforms and pricing Which currency broker has the best exchange rates?Key Currency consistently offers the best exchange rates in our quote comparison tool. As they are a slightly smaller currency broker, with lower costs and personal service, they are able to offer bank-beating exchange rates for larger currency brokers offer better exchange rates than banks because they buy and sell currency on their client’s behalf closer to the live interbank rate. Fees for converting currency are built into the exchange rate and can be worked out as a percentage from the mid-market. For example, if the GBP EUR exchange rate is a high street bank may let clients sell GBPEUR 4% below the mid-market at and let them buy it at 4% above the exchange rate at However, a currency broker may offer rates from the mid-market, which is exchange rates selling at and buying at currency broker will buy and sell currency through banks, however, as they exclusively deal in currency transfers and executive significant volume, they can negotiate better rates for themselves and their clients than if they were an individual conducting a single currency broker offers the most currencies?OFX offer over 55 different currencies for large money is another point where currency brokers differ. Some currency brokers can only send money to major destinations, whilst others offer a more comprehensive service and you can send currency to almost important to note that the more obscure the currency or destination, the higher costs and the length of time the currency transfer takes will currency routes like euros to Europe of Dollars to American will be cheaper and quicker than sending large amounts of funds to India or China, for example. The banking networks are different and there are additional anti-money laundering rules for different currency broker has the best customer service?In our 2023 awards Currencies, Direct received the best feedback from their clients for customer service. Over 85% would recommend them to a friend, which was 10% higher than the next currency broker recommendation brokers offer account executives to help with the actual conversion, the process of sending funds abroad and advice on market timing. One of the major concerns clients have when transferring money abroad is the safety of their funds and that they will arrive at the destination. Unlike banks like NatWest or money transfer companies like TransferWise, which almost entirely operate online and have no point of contact to discuss transactions with, personal account executives are available to discuss all aspects of a transaction. Account executives can also help explain the best time to buy and sell a currency, if a currency forward may be appropriate, and how to get the best exchange rate when sending large amounts of currency currency brokers offer the best currency forward contracts?Global Reach Partners and TorFX will let you do a currency forward contract up to two years into the future. The majority of other currency brokers offer currency forwards up to one year. If you are using currency forwards as part of your overall currency hedging strategy, Global Reach would be the better choice because they also offer currency brokers can lock in the current exchange rate for transactions that do not need to be done for some time in the future. Most currency brokers offer currency forwards up to a year in advance, but some specialists offer forwards for two to three years. A good example of the use of a currency forward contract is buying a holiday home abroad. If a couple knows they will need to buy EUR 500,000 in six months time and do not want to risk the exchange rate moving against them, they can buy the euros at today’s exchange rate but not have to pay for them until the currency forward settles after six is the most established currency broker?Currencies Direct is the most established currency broker we feature having been founded in currency brokers offers are a little more expensive than start-ups because new providers come to market to undercut the established companies. As such, overall prices are driven down, which is good for the consumer. However, currency brokers that charge so little that they do not make any profit present more of a risk than established currency brokers who operate on health margins and are well capitalised. When choosing a currency broker based on how well established they are, you may find that you pay a premium for security versus opportunistic fintech start-ups. Start-ups also tend to either be heavily focussed on technology, which makes the process very quick and cheap, but offers little personal service. Or, a new currency broker may focus only on personal service with commission-based salespeople. However, personal service comes at a cost, as commission-driven currency brokers may not be the cheapest option. Currency broker FAQs Currencies Direct and TorFX with both let you send as little as £100 abroad. However, it is important to note that if you will only be doing small money transfers you will be better off with a money transfer app. Currency brokers speicalise in transfers above £10,000 so for small deals there may be a fee, some will treat small transfers as a loss leader for larger Currency brokers do not have a maximum amount you can send, although the maximum you can convert in one go will depend on the liquidity of the currency pair. Almost anywhere. Check our currency broker tables to see which currency broker offers the most currency pairs. OFX is the most established currency broker we feature having been founded in 1998Established currency brokers offers are a little more expensive than start-ups because new providers come to market to undercut the established companies. As such, overall prices are driven down, which is good for the consumer. However, currency brokers that charge so little that they do not make any profit present more of a risk than established currency brokers who operate on health margins and are well capitalised. When choosing a currency broker based on how well established they are, you may find that you pay a premium for security versus opportunistic fintech start-ups. Start-ups also tend to either be heavily focussed on technology, which makes the process very quick and cheap, but offers little personal service. Or, a new currency broker may focus only on personal service with commission-based salespeople. However, personal service comes at a cost, as commission-driven currency brokers may not be the cheapest option. OFX is the largest currency broker by client base with over 1 million customers worldwide. Coming second with around 350,000 clients are TorFX and Currencies Direct which are both part of the same group. Global Reach sends the most amount of money abroad as an individual entity due to its high net worth and business client Global Reach is the best currency broker we feature that also offers currency options alongside large money transfers for businesses and In theory, £1, but a currency broker will expect clients to transfer a minimum of £10,000 at some point to make their services cost-effective. Yes, you can convert and transfer funds over the phone with a currency broker. Dealing online is easier, faster and safer than ever, but you may find having a broker at the end of the phone beneficial, especially for larger currency transfers. However, this may cost you a little more. Pricing is the same as fixed-rate brokers. There are many advantages to doing large currency transfers online, as you can keep an eye on the exchange rate and do the conversion at the exact second the price is right for you. However, for one-off, large, personal transactions, having a dealer taking all the risk or making a mistake on the other end of the phone can make life a lot easier. You can see which brokers offer telephone support in our comparison table above. Tax is a complex issue and you will need to discuss this directly with your currency broker and financial advisor based on where you are sending currency and what it is for. Yes, currency brokers will let you transfer and convert money in any currency they offer. So, for example, you can convert GBP to EUR, then EUR to USD, and then USD to JPY. Yes, currency brokers can offer OTC trading products like FX options. However, FX options are sophisticated financial products that are generally reserved for business hedging. However, firms like Assure Hedge offer a simple options product for private clients. In most circumstances, it is possible to open a currency broker account online and be ready to transfer funds that day. However, in some cases, it can take transferring large amounts of money abroad, currency brokers have to conduct anti-money laundering checks before any transfer can be made. This usually takes place when you open your account, where a currency broker will ask what type of transfers you will be making, what they are for, and where the funds are from and going to. This may seem intrusive but it is very important to provide any information you are asked for promptly. If you do not, it may cause a delay in your account being opened and your ability to transfer funds you have a particularly complex transaction to an exotic destination, the process can take some time whilst checks are being made. This is one of the rare occasions when you must decide if your bank can make the transfer on time, at a higher cost, or if you can wait for your currency account to be in place and take advantage of their reduced best way to ensure that your international money transfer arrives on time is to open a currency brokerage account before you need it and be absolutely upfront about what the transfer is for and provide all the necessary supporting documentation guide on preparing for a large currency transfer goes into more details about the process. Currency brokers make money by widening the spread between the price at which they buy currency and the price you buy it from. Banks can charge a spread of up to 4% for currency transfers. Currency brokers charge around for transactions above £10,000. Currency brokers will charge a smaller spread margin for larger currency the past, currency brokers would charge a commission on top of the fees included in the exchange rate. However, as the market has become more competitive, this is no longer commonplace. When you use a currency broker, your funds are not protected by the FSCS, which guarantees a certain amount of a customer’s account balance, should an investment or savings account provider go into liquidation. When choosing a currency broker, you should ensure that your funds are held in a ring-fenced, segregated account that is separate from the firm’s operational activities. This offers more protection than if your funds were mixed with the brokers, but does not guarantee complete protection. Make sure your money goes in and out of the currency broker as quickly as possible. Currency brokers are not the same as forex brokers. Forex trading brokers are used for speculating on the price of currency markets and can be used to hedge currency exposure with derivative contracts like futures, options and swaps. Currency brokers are different because they do not offer speculative services; currency brokers only provide currency conversion for buying and selling foreign currency for international payments. Currency brokers can offer hedging facilities through currency forward contracts, but currency forward transactions settle on a specific date to reduce risk, rather than speculate for profit. Currency brokers versus money transfer appsCurrency brokers are often confused with money transfer companies, foreign exchange brokers and currency exchange specialists. The key differences between the different types of service areCurrency brokers – large international transfersMoney transfer firms – small international transfersForeign exchange brokers – speculation on currency movementsCurrency exchange specialists – converting physical cash currencyMoney transfer providers are generally better for small regular transfers and currency brokers for large currency conversions. Some currency brokers will offer the facility for their clients to make small regular currency transfers as part of their overall service, but would not generally accept clients that only do small the minimum transfer a currency broker would expect a client to do would be upwards of £10,000. This is because it is not cost-effective for them to onboard clients that would not generate enough revenue to cover the cost of maintaining the account. On the contrary, money transfer providers can provide quicker onboarding and lower fees for small transfers because as the amounts transferred are generally less than £10,000, they do not have to conduct such stringent anti-money laundering checks. Use a currency with the previous question about the best UK accounts for getting paid in Euros, this is an inquiry that we are seeing more and more often at the Good Money Guide. And it’s exactly the kind of question we want to again picking the right account /provider for you will likely be decided by the amount of money you wish to convert and how frequently you will be converting one currency into example if it’s going to be a “one off transaction” to purchase a property abroad or repatriate the proceeds of a foreign property sale then that will require a different service, than if we are talking about converting smaller sums on a monthly basis to pay maintenance charges or other discover more about moving and converting foreign currencies please see the dedicated currency transfer sections of the Good Money Guide website  Which is full of useful information about choosing a currency transfer agent. This article contains affiliate links which may earn us some form of income if you go on to open an account. However, if you would rather visit the currency brokers via a non-affiliate link, you can view them directly hereKey CurrencyOFXGlobal ReachTorFXCurrencies Direct Richard Berry Richard founded the Good Money Guide previously Good Broker Guide in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global Man Financial. Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities now King and Shaxson after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000. Currency Transfers Currency Transfers Currency Transfers Daftar Broker Forex dengan Kurs Rupiah Tetap Fix Rate Forex trading adalah aktivitas perdagangan secara global yang di lakukan di atas sebuah platform trading yang di jalankan secara online dimana penjual dan pembeli bisa mengaksesnya dari seluruh dunia secara ral-time. Saat ini banyak orang yang ingin tahu dan ingin bisa melakukan perdagangan valas karena perdagangan ini menjanjikan keuntungan yang tak terbatas dan bisa di capai dalam waktu yang sangat singkat. Aktivitas menjual dan membeli valuta asing bisa di lakukan dengan mudah cepat dan efisien. Hal ini dimungkinkan karena aktivitas trading forex di lakukan melalui platform online. Banyak anggota masyarakat yang menilai salah tentang aktivitas trading ini. Ada yang berpikir bahwa forex trading adalah jalan paling cepat untuk bisa kaya. Ada juga yang mengira bahwa trading adalah bisnis spekulasi. Semuanya tidak benar mengingat trading adalah aktivitas jual beli biasa dan trader mendapatkan keuntungan dari selisih harga yang di dapatkan. Didalam forex trading, untung dan rugi adalah sesuatu yang biasa terjadi. Resiko rugi selalu ada. Menilai seorang trader beruntung atau tidak biasanya dilakukan dalam satu periode tertentu. Bila yang bersangkutan dalam satu periode tertentu tersebut banyak mengalami kekelahan berarti yang bersangkutan merugi. Dan juga sebaliknya. Karena tidak mungkin seorang trader beruntung atau merugi terus. Broker atau pialang adalah badan atau institusi yang manghubungkan seorang trader dengan pasar valas. Untuk bisa melakukan trading semua trader harus bergabung dengan sebuah broker. Ada banyak broker yang ada dan kita harus memilih yang terbaik. Untuk dapat memilih broker terbaik berikut adalah beberapa tips yang harus anda perhatikan. Reputasi Sebuah Broker Sebelum anda bergabung dengan sebuah broker, anda harus memastikan sebuah broker mempunyai reputasi yang baik. Kita bisa bertanya kepada trader senior atau melakjukan research di internet. Pilihlah salah satu broker yang menurut anda baik dan bereputasi baik. Broker dan Regulasinya Broker yang profesional biasanya mereka mengikuti regulasi yang di tetapkan oleh pemerintah dimana broker tersebut berada. Regulasi tersebut biasanya di cantumkan di website broker yang bersangkutan yang memungkinkan khalayak ramai untuk membacanya. Trading Platform Dalam hal ini anda harus memilih broker yang memiliki beberapa jenis platform yang memudahkan para tradernya. Platform yang baik adalah platform yang tidak hanya mencantumkan cart pergerakan oair mata uang saja tetapi juga berbagai indikator yang akan membantu trader untuk melakukan aktivitas tradingnya. Dukungan Teknis yang Memadai Sebuah broker yang professional bisanya mereka berusaha membantu trader mereka semaksimal mungkin. Trader bisa menghubungi broker secara mudah baik melalui email. Telphone maupun dengan layanan chat yang ada. Ekesekusi yang Cepat Broker yang professional bisa mengeksekusi sebuah order dengan cepat. Semakin cepat mengeksekusi sebuah order maka semakin baik. Untuk mengetest kecepatan eksekusi order anda bisa melakukannya lewat akun demo. Kecepatan execusi ini benar benar vital. Seorang trader tidak mungkin menunggu ordernya terlalu lama di eksekusi. Pilihlah Perusahaan yang Sudah Lama Berdiri dan Memiliki Banyak Trader Secara garis besar semakin lama berdiri sebuah perusahaan trading bisanya memiliki reputasi yang bagus. Perusahaan trading bisa berkembang dengan baik biasanya mereka memiliki kemampuan untuk mengelola keuangan sendiri. Mereka juga mempunyai kemampuan untuk melakukan pendidikan berkelanjutan untuk para staff nya. Adanya Peraturan yang Ketat dari Negara Dimana Broker Tersebut Berada Melihat dinegara mana broker tersebut berada sangat penting untuk seorang trader. Trader yang berada di Negara maju biasanya di atur oleh sebuah badan atau regulator dengan ketat. Regulator tersebut selalu memastikan bahwa para broker trader tersebut melakukan aktivitas legal dan fair terhadap tradernya. Salah satu negara yang ketat dalam regulasi broker adalah Inggris dengan regulasinya FCA UK dan Australia dengan regulasi ASIC. Keamanan Dana Anda Semua trader pasti menginginkan dananya terlindungi dengan sempurna. Perusahaan broker yang professional akan membedakan dana perusahaan dan dana para trader. Biasanya mereka akan meletakan di dua akun bank yang berbeda sehingga bisa terlindungi dengan aman. Perusahaan broker tidak akan bisa menggunakan dana trader untuk operasional perusahaan. Memillih broker yang baik merupakan hal penting yang harus dilakukan oleh seorang trader karena braker adalah penghubung trader dengan pasar saham. Bila trader tidak percaya dengan brokernya maka hyang bersangkutan tidak akan bisa malakukan aktivitasnya dengan tenang. Hal ini yang harus anda pertimbangkan ketika anda memilih broker forex. Only a handful of forex brokers offer fixed rate in their services, mainly because of the risk and cost that they must bear. But for traders, this feature can be very helpful. Forex trading is prevalent among traders worldwide because of the currency market's flexibility and liquidity. Many traders believe that forex trading can be very profitable in a relatively short time, which is true if you know the right strategy. In the modern world, forex trading is available for everyone by using an online broker. This way, traders have even more options and opportunities to seek. See also Forex Broker Types Which One Is Better For You? However, not all currencies in the market have equal values. Some currencies have more significant values and more popular than others, which then influences each currency's exchange rate. There are two types of exchange rates system in macroeconomics over the years fixed exchange rate and floating exchange rate. Basically, a fixed rate means that the central bank makes sure that the currency's exchange rate to another currency or the current gold price doesn't move past a certain level, so the rate is fixed. In comparison, the floating exchange rate means that the currency rate depends on the market, specifically on the supply and demand relative to other currencies. The exchange rate can often be an issue for forex traders before they deposit or withdraw because there are a few things that must be considered. "When is the perfect time to deposit with the best rate?" "Does broker A have a better rate than broker B?" "What payment method has the best rate?" Such problems often arise among those who want to build a consistent career in trading. In other words, the exchange rate can potentially have a tremendous impact on the trading experience in general, adding more stuff to stress about. To help traders overcome this issue, some forex brokers came up with the idea of offering a fixed rate for deposit and withdrawal. With this facility, traders don't need to worry about getting bad exchange rates because of their terrible timing when funding their trading accounts. However, there are also some downsides to this feature. Fixed Rate in Forex Brokers In forex trading, deposit and withdrawal are two crucial things for many traders and they can affect traders' overall opinion of the broker. That is why many brokers try their best to improve their deposit and withdrawal service, in which a fixed rate can be offered as one of the solutions. With fixed rate feature, traders don't need to worry about the fluctuating exchange rate between their currency and the account's base currency. Just imagine you want to deposit $100 in your account. When the exchange rate of USD/SGD is at you must spend SGD133. At another time, when you want to deposit another $100, the exchange rate may have risen to so you have no choice but to spend SGD140. That is why, in this situation, traders must calculate the rate from time to time in order to get the best deal at the right time. However, you can scratch that from your to-do-list if your broker has a fixed rate feature going. Let's say the broker decided that the exchange rate is at and you want to deposit $100, then you need to prepare SGD135 at all times, no matter how big the price change in the market. See Also Lowest Deposit Forex Brokers From the illustration, above, we can see that fixed rate can be very beneficial for many traders regarding their deposit and withdrawal activities, especially if their currency tends to be highly volatile and prone to extreme changes. However, by using this feature, there will be no benefits from higher withdrawal rates. Fixed Rate vs. Fixed Spread Fixed rate is different from fixed spread. Fixed spread essentially refers to the spread charged for every transaction, while fixed fate only applies to the deposit and withdrawal transfers. Not all brokers with fixed spread feature fixed rate and vice versa. However, some brokers actually charge a "spread" for deposit and withdrawal activities. Let's say the broker decides that the deposit rate is and the withdrawal rate is The SGD2 difference means that you must pay an SGD2 spread for every deposit and withdrawal roundabout, multiplied by the size of funds involved in the two transactions. The situation will be different if the broker offers a fixed rate feature because, in this case, the deposit and withdrawal rates are always the same. That means the spread is always at SGD0 because there's no difference between the deposit rate and the withdrawal rate. Brokers Offering Fixed Rate Despite its benefits, it is unfortunate that not many brokers offer a fixed rate for their clients. Usually, it is being provided by DD and STP brokers that operate under offshore regulators. The reason is it might not be as beneficial for brokers because they have to bear a higher risk when the exchange rate is unstable, increasing the broker's chance to go bankrupt from covering traders' losses in exchange rates. Still, a few brokers have managed to provide fixed rate based on its attractiveness to new clients. Here are some of them that you can consider 1. FBS ⚖ Leverage13000 💲 Min Deposit$1 ⌛ Year Established 2009 Bonus offers Trading contests Free education Affiliate program Islamic accounts available FasaPay Neteller Skrill Wire transfer Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others. FBS is regulated by IFSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients. Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 130 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize. In all types of accounts, provided spreads start from 1 pip. On a standard account, volume orders can be made from to 500 lots. Therefore, this account is recommended for experienced traders. Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading tools 28 currency pairs and 2 metals. Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, Standard and Cent. FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time. MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors EA and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support. Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of depositing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays. To increase the security of client funds, FBS also provides segregated account where 70% of funds can be deposited in the client bank. This broker also presents something unique; a guarantee 10% to 100% of the deposit fund. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds. Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker IB or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income. Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site. Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week. In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages. FBS is a globally recognized broker with a fixed rate feature available for all clients worldwide. The broker has a high reputation due to its compliance with two regulators; IFSC Belize and CySEC Cyprus. Since its first launch in 2009, FBS has earned many traders' interest. Their fixed rate is offered along with other services including fast response customer support, Islamic account option, bonuses, promos, and low spread trading in various types of accounts. 2. FirewoodFX ⚖ Leverage11000 💼 Regulation- 💲 Min Deposit$10 ⌛ Year Established 2014 Bonuses PAMM Segregated accounts Wire transfer FasaPay FirewoodFX is a forex broker established in 2014 and is currently under the regulation of St Vincent and the Grenadines. Although the broker is considered relatively new compared to its competitors, FirewoodFX offers simple trading conditions that are easy to understand for beginners. FirewoodFX offers the top-rated trading platform MetaTrader 4 that can be accessed via desktop, web trading, and mobile app. Other than that, the broker offers a fixed rate feature in their deposit and withdrawal service. This feature is available in Micro account which only requires a minimum deposit of USD10 USD. This way, traders can enjoy the fixed rate benefits by trading in small lot size starting from micro lot and high leverage of 11000. 3. Monex ⚖ Leverage1100 💼 Regulation × BAPPEBTI Indonesia More Info 💲 Min Deposit$500 ⌛ Year Established 2000 In contrast to the previously mentioned brokers, Monex Investindo Futures is a broker originated from Indonesia which operates under the regulation of BAPPEBTI since 2000. This broker is known to give their best service for all clients by providing competitive trading conditions. One of the most popular facilities is fixed rate to help their clients avoid risks and difficulties during market's extreme volatility that may affect the exchange rate between the US Dollar and Indonesian Rupiah. Conclusion While forex trading can bring a generous amount of profits to traders, it can also be disastrous for them who prefer to frequently deposit and withdraw their money from time to time. The floating exchange rate system makes their transactions prone to high spreads that cost a lot of money when summed up together. It can eventually lead them to carefully choose the right time to deposit or withdraw from their trading accounts; creating a difficulty that can be avoided completely with a fixed rate. In this case, forex brokers offering fixed rate can be a good answer to end that problem. This comparison table can be a good reference should you choose to try trading in one of the three forex brokers mentioned previously General Rating Trustpilot 411 users 1 users 💼 Regulation × ASIC Australia 426359 More Info × CySEC Cyprus 331/17 More Info × FSCA South Africa 50885 × IFSC Belize IFSC/000102/310 More Info × FCA United Kingdom temporary permit 808276 More Info × BAPPEBTI Indonesia More Info ❗ Information Testimonials 161, News 35, Bonus 10, Promotions 10, Contests 11 Testimonials 11, News 2, Bonus 1 Testimonials 29 ⌛ Established 2009 2014 2000 💲 Min Deposit $1 $10 $500 ⚖ Max Leverage 13000 11000 1100 🔢 Spread Variable Fixed Variable 💸 Commissions $6 💡 Min Position lot lot lot 💳 Payment Credit/debit cards, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer Wire transfer, Credit/debit cards, UnionPay, Perfect Money, FasaPay and Tether USDT 🏢 Offices 🧩 Demo Account 📁 Segregated Account 🕋 Islamic Account 👨‍💻 PAMM Account 📈 Managed Account 💱 Hedging 🇺🇸 US traders 🕛 Swaps 🏆 Trading contests ⚡ Automated trading 💰 Bonus offers 📖 Free education 1️⃣ One-click trading ⏱ Trailing stop ⏳ Pending orders Forex CFD Indexes Spread Betting Gold & Silver Crypto Stocks Oil Metals Energies Futures ETF Options Agriculture Spread Betting Indices Commodities Bonds Binary Options ETFs Shares Physical Stock 🗣 Website Languages Arabic, Bengali/Bangla, Burmese, Chinese, English, French, German, Indonesian, Italian, Japanese, Korean, Laothian, Malay, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese English, Indonesian, Chinese Other broker comparisons can be found out here. Diva NadiaPassionate in contemporary global financial issues, I'm currently active in researching topics on cryptocurrency, forex, and trading strategies.

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