Why use Compare Forex Brokers before forex trading?
Successful trading of Forex with CFDs requires careful consideration with choosing an fx broker to ensure the right broker for your trading style. Compare Forex Brokers is a forex broker comparison website that reviews all the best forex brokers to help you decide on a broker.
Our forex broker reviews cover all the essential trading considerations including account types, spreads, trading commission costs, trading platforms (inc. webtrader, mobile apps and social trading platforms), leverage, customer support, range of markets (i.e. cryptocurrencies, indices, stocks, ETFs) and available currency pairs such as EUR/USD. AUD/USD, EUR/USD and USD/JPY.
All brokers have different features and it helps to understand these features and what they mean for you. We cover and explain these features as part of our review, for example, some brokers are market makers which means they are the counterparty to your trades. These brokers typically only offer a standard account type which means no commission trading. Other brokers follow a no-dealing desk model which means they connect you with liquidity pools to bring you tight spreads. Such a broker offers an STP or ECN trading model so charge a commission so spreads can be as low as 0.0 pips.
Another critical feature to consider is trading platforms. Popular trading platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader. We look at some of the best trading platforms on our forex trading platform comparison. If social trading or copy trading is more for you we look at some options on this page Best Forex Social Trading Platforms, alternative if your wish to automate your trading then you can find some good options on 6 Best Automated Trading Software