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Why use Compare Forex Brokers before forex trading?

Trading CFDs successfully requires the best fx broker to suit your trading style. Compare Forex Brokers help you shortlist brokers by recommending the best forex broker based on factors including spreads, trading commission, leverage, reviews, customer support, range of markets and currency pairs.

View the top foreign exchange brokers for each country below, If you are looking for a forex trading platform, then have a look at our forex platform comparison.

Australian Forex Brokers

The Australian Securities and Investments Commission (ASIC) is the local regulator for CFD providers in Australia. You can view our best ASIC regulated forex brokers page which includes leading brokers with an AFSL licence from Pepperstone, IC Markets to CMC Markets. ASIC regulations mean brokers can’t claim they are an ECN broker, but you will find brokers such as Pepperstone and IC Markets still offer tight spreads with ‘ECN pricing’ from 0.0 pips AUD/USD spreads.

ASIC places trading conditions on brokers such as the requirement to segregate client funds. There were ASIC updates requirements, including reduced leverage from last year.

UK Forex Brokers

UK forex trading is regulated by the Financial Conduct Authority, which has restricted leverage for retail forex traders to a maximum of 30:1. Other trading conditions include negative balance protection, segregation of client funds, reporting and training. You can view our best UK forex broker page for the best FCA regulated providers based on the GBP base currency. Factors considered when making the short-list for this page include the forex trading platform offered (from MetaTrader 4 to cTrader), execution speeds and trading costs. Brokers considered ranging from eToro, to FxPro.

You can also view the UK forex broker section for a most comprehensive list of forex platforms, providers, and even a list of ECN brokers. Spread betting is also a unique feature for UK traders with a specific section for this trading.

South African Forex Brokers

The FSCA (Financial Sector Conduct Authority) is the local regulator for the South African foreign exchange market. Trading conditions unique to the FSCA include the requirement for a provider to have a local presence. The best brokers in South Africa like FXTM often have high-risk trading accounts with leverage exceeding 500:1, straight-through processing (STP), low spreads on major currency pairs such as EUR/USD and no dealing desk. You can view the best fx brokers in South Africa.

Traders can also view the South Africa forex broker section, including providers with ZAR accounts (base currency). Most non-ZAR account base currency is the US Dollar, while exotics like the Hong Kong dollar are rarely considered.

Singapore Forex Brokers

Singapore is the third-largest foreign exchange market regulated by MAS (Monetary Authority of Singapore). Online forex brokers in Singapore offer a range of financial markets, account types, and offer a plethora of minimum deposits depending on the type of trader they want to attract. You can view the best MAS regulated forex brokers that offer to trade global currency markets.

There is also a Singapore fx broker section to explore trading in the region and other CFD types, including Bitcoin and other cryptocurrencies. You can also see forex broker reviews on brokers such as FXCM, AvaTrade and Interactive Brokers.

US Forex Brokers

Forex trading with CFDs is not permitted by the NFA or CFTC who are the two major financial regulators when it comes to derivatives trading in the United States. However, spot trading is permitted and is similar to CFD trading in that both are leveraged trading instruments and have similar platforms. Our US broker section look at some of the best brokers for trading in the United States

Forex Brokers Comparison Methodology Explained

Compare Forex Brokers was created by a team that has worked in the forex industry for several years. Our experienced individuals collected information based on different regulation standards and ECN brokers combined with their forex trading platforms such as MetaTrader 4. Factors taken into consideration include brokerage (fees and spreads), charting facilities, project management tools, online trading environment and liquidity offered that can impact slippage. No scraping or automation is used to compare forex brokers to ensure the highest top forex broker comparisons are made.  Feel free to let us know your thoughts about the forex market or our comparison tables!

It should be noted that some brokers are regulated in multiple regions. Choosing the regulated region for such global regions can impact trading such as FSA regulated brokers will offer higher leverage on retail investor accounts and the account interest rate. Protections can also be impacted when you trade forex such as negative balance protection.

Along with our top forex broker comparison tables, you can also get information on trading forex markets, trading strategies, CFDs, forex courses and currency trading strategies.

So whether you’re a beginner looking to trade currencies for the first time or an experienced forex trader, you have come to the right place!

Understanding The Risks Of Forex Trading

Currency trading is a leveraged product, which means that an fx broker can amplify your deposit up to 500 times in some regions. This leverage means there is a real possibility of losing your money when volatility is reached in financial markets. It is important to understand the risks and disclaimers involved and consider options such as demo accounts prior to trading real money. Protection Status

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