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Best Forex Brokers 2020



Best Forex Brokers 2020

We have compiled a rating of the best forex brokers for traders from Asia, Africa, Central and South America in 2020. The best Forex brokers of 2020 presented in this review offer minimal, narrow spreads and excellent platforms with a large selection of technical analysis tools for effective online trading.

This Best Forex Brokers rating takes into account the most important functions and advantages of choosing a Fx broker, including fees, differences in the requirements for account, available tools and trading platforms, as well as the quality of customer support.



Forex Brokers Rating


Best Forex Brokers for Online Trading. Rating of the best forex brokers in 2020 - TOP 12 forex brokers and trading platform in the world:


  1. OLYMP TRADE - 5.0 Stars, (best forex platform for beginners) review website
    for users from Indonesia - link.

  2. Interactive Brokers - 4.8 Stars.

  3. Dukascopy - 4.7 Stars.

  4. Saxo Bank - 4.5 Stars.

  5. IG - 4.4 Stars.

  6. TD Ameritrade - 4.3 Stars.

  7. Alpari - 4.2 Stars.

  8. GAIN Capital (FOREX.com) - 4.1 Stars.

  9. OANDA - 3.9 Stars.

  10. FXCM - 3.8 Stars.

  11. Forex4you - 3.8 Stars.

  12. WELTRADE - 3.7 Stars.


forex trading


Olymp Trade


Our winner, Olymp Trade, is one of the largest online brokers forex in the world, with more than 100,000 customers worldwide. The company offers global access to an extensive line of products, which includes Forex, fixed time trades, stock indices, individual stocks, products and cryptocurrencies on various professional, mobile and web trading platforms.



Best forex trading platform for beginners


Best trading platform for beginners: the broker provides a free demo account for 10,000 conventional units and a training program for beginners - login. For experienced traders, VIP accounts, personal consultations and VIP webinars are available. Olymp Trade is the largest platform with the most active accounts in Asia. Its size allows you to offer a zero spread in the industry.

Trade is available in over 165 countries: Indonesia, Malaysia (Malay), Philippines, Vietnam (Viet Nam), Taiwan, Thailand (Thai), Bangladesh, Singapore, China, Hong Kong, South Korea, India, Sri Lanka, Pakistan, Turkey (Turkish, Turkiye), Bahrain, Kuwait, Qatar, Oman, United Arab Emirates (AE), Saudi Arabia (SA), Iraq, Jordan, Yemen, Lebanon, Libya, Morocco, Palestinian Territories, Syria, Argentina, Brazil, Chile, Peru, Venezuela, Uruguay, Colombia, Mexico, Ecuador, Algeria, Egypt, Tunisia, Zimbabwe, Namibia, Mozambique, Tanzania, Sudan, Ethiopia, Kenya, Nigeria, South Africa and other countries.

Choosing the right fx broker is critical to the success of a trader in international currency markets. Our team at Forexof.com has prepared a rating of the leading online forex brokers. In each resume of the fx broker, we emphasize where each broker stands in general and against his competitors.

The Fx market is by far the largest financial market in the world. When searching for the “best” forex broker, both beginners and experienced traders usually look for several key features and benefits. Among the most important of them are fees (including spreads and commissions), a trading platform (s) (including software, web platforms, mobile, graphic and third-party platforms), customer support, training in trading, and research and reliability of currencies. All these parameters were taken into account when creating this rating of the best forex brokers in 2020.



How To Find The Best Forex Broker 2020


The main criteria for finding the best Fx Broker 2020 are these – we will expand on each area later on in the article:

Trading Conditions/Fees – This is the most important part of your global Forex broker appraisal. There is no way around that. One forex broker may charge you 10 times less for the same trade than another. Take note of “hidden” fees, such as withdrawals fees, or inactivity fees.

Market Coverage – You need to be able to trade the fx pair or product of your choice/preference.

Accessibility and Affordability – Beginner forex traders and small-timers need love too. You should never be forced into making a minimum deposit that you cannot afford to lose. Minimum deposits range from $10 to $1000 (or the £ / € equivalent). It might be worth investing more for a platform that suits you better, so stay open minded.

Trading Platforms – The forex platform and the tools it features are your primary weapons in your personal war for profits. Pick the one that suits you best. Remember many platforms are configurable, so they can be tailored to suit you. Personal preference will play a large part here, as many trading platforms offer very similar services, but look and feel very different. Is a mobile platform your priority, or a desktop web platform?

Mobile Trading Apps – Being able to trade on the go may be important. Some mobile apps are superior to others. Ideally, a mobile platform for online trading will function just like the web version.

Deposits and Withdrawals – You have to move funds to and from the broker, quickly and preferably cheaply. The Deposit/Withdrawal methods supported by the fx broker determine whether or not you can accomplish that. Financing an account may also require a specific payment method.

Reputation – People talk. It is well worth listening to what traders say about a forex broker they have already tried.

Regulation – When push comes to shove, legal recourse is your first, last and only hope to settle the problems you might have with your forex broker. A proper regulatory framework is preventive in nature. It aims to keep such problems from popping up in the first place.

Customer Support – You need someone to talk to when you run into problems with your deposits, actual trading, or – God forbid – withdrawals. Competent support is a must. From opening an account, to help with the platform, customer support can be important.

Company Background and History – Knowing the past exploits of your fx broker can give you a better idea of what it is up to now. A listed company has to publish numerous elements of information about their balance sheet for example. You want peace of mind that your trading funds are segregated, and held safely and securely.

Education – It never hurts to improve your understanding of how the forex markets work and how you can make the most of the opportunities they present. Some brokers offer extensive educational tools.

Account Opening / Registration – This is a simple process to open an account with your broker? Do clients need to be verified? These processes are not always the same and might be worth considering if opening account has been problematic in the past.


General Risk Warning: Trading in derivative financial instruments brings a high level of investment income, but is also associated with the possibility of losing your investment. It is recommended that you familiarize yourself with the trading conditions before bidding.

Tags: best forex brokers, rating, Asia, Africa, Central America, South America, 2020

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