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The trading industry has allowed many people to start earning some extra money. Even though there are high risks, choosing the right broker and strategy can help reduce the risk and gain profits. According to one report, the daily forex trading volume reached $966.7 billion earlier this year. This figure was 26.4% higher than the daily forex trading volume 12 months ago.
At Traders Union, we understand how tough it can be to choose a broker. This is why our team constantly strives to investigate the large number of forex brokers that are available, with the goal of helping you find the ones that are superior to others. In this post, we share our selection of the best forex brokers you can choose today.
Top Forex Brokers Reviews
Traders Union has looked at many forex brokers in the past, and we provided reviews of the best options out there. When reviewing forex brokers, we always ensure all of the most vital factors are taken into consideration. This allows us to bring you accurate data and a comprehensive view of brokers - making the comparison between multiple brokers easier.
For 2024, these are our top picks when it comes to forex trading in particular:
We share a quick overview of each forex broker in this list - with a few essential benefits to help you understand which broker could be the ideal choice for your trading needs and preferences.
XM is currently one of the top choices when it comes to forex trading. The parent company, known as Trading Point Holding, was established in the year 2009. There are three authorities that regulate XM.
These include:
International Financial Services Commission of Belize
Australian Securities and Investments Commission
The Cyprus Securities and Exchange Commission
The platform is beginner-friendly. There are many educational resources that users can take advantage of. Stock CFD fees are also low. Opening an account with XM is quick and easy. The $5 minimum deposit allows you to get an inside look of the XM trading platform without risking a lot of money. The platform offers support for 11 base currencies. Some of the withdrawal options are free.
Top 10 Honest XM Group Reviews and Comments From Clients
I have been exclusively trading with ECN brokers and decided it is time to try a market maker for variety. I did a lot of research before signing up and XM Group was among my top three brokers in the final shortlist. I then decided to register with them. The registration process was straightforward and done within 5 minutes, and went right in for my first trade. The terminal is in MT5 and there is nothing much going on. Honestly, this is a huge plus for someone like me who prefers a no-frills platform as you can understand everything that goes on very easily. One standout feature I would like to mention is their fully-customizabl
XM’s registration process is by far the fastest among all the brokers I have enrolled in. I went to their website, clicked register, filled in my email and password, and my trading account was created just like that. I can already go around and explore its website features right after the account creation. Then I opted to download their XM app and went all in with the account verification which turned out to be super fast when using the app. They only asked for one identification card (a time saver) and a face scan for confirmation. Next I received an email saying that my documents have been uploaded and will be reviewed within 24 hours. Only a few minutes had gone by and I received another email confirming that my account had been verified. Love this smooth account registration process.
XM offers leverage ranging from 1:1 to 1000:1, which isantop feature for traders looking to open a large position with a low trading capital. but after my experience trading with leverage on XM, i think new traders should avoid trading with leverage when they newly start trading on their live account. Leverages should be a feature for experts if i am to suggest. After trying leverages on demo accounts I decided to use it on my live accounts. Eager to dip my toes into the dynamic realm of financial markets, I deposited $100 into my trading account with XM, a renowned brokerage platform.
Excitedly, I decided to trade the EUR/USD currency pair, one of the most widely traded pairs in the forex market. With a leverage of 1:100, I saw an opportunity to magnify the potential profits and opened a position.
The EUR/USD pair seemed promising, with positive economic indicators favoring the Euro. I was optimistic as the trade commenced, envisioning significant gains. However, the market is as unpredictable as the wind, and soon, the trade turned against my proposed strategy. The leverage, while offering the potential for amplified gains, also exposed me to higher risks.
As the EUR/USD pair plummeted, so did my account balance. In the blink of an eye, my $100 deposit dwindled away as a result of the fluctuations of the forex market. I realized the importance of risk management and the need for a thorough understanding of leverage. So my approach to trading is to implement strategies that would protect my capital in the future and to use a minimum of 1:10 leverage if I must use it anytime soon.
Beginner traders on XM group can benefit from the rich educational tools provided on the research and education section on the platform. When you click on the research button, resources available here are grouped into three different groups. Beginners alcan start learning about Forex trading with the options available under the learning center. Resources here will help a novice learn about the XM platform Forex and CFD trading. The videos available will introduce a beginner trader to the financial markets and instruments like shares, CFDs, Forex, Crypto, pips, lots, and position size. This videos are meant to breed novice traders from level 1 trader to an expert trader.
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them
oliviatrader 44 at gmail com
WhatApp +1 (423) 248 - 2140
I know XM Group and it turned out to be the right choice. I did not regret my decision, since XM Group turned out to be a normal company. Since then, I have been regularly earning around $350 per month using trading as an additional source of income. I have no particular complaints about XM Group and withdrawals of funds are ok. There were delays, but they were acceptable.
It has long been known that XM Group has nothing good to offer. All their strategies remained at the level of the last century. Training is expensive and will only result in a waste of time. And finally, trading. I don't know who XM Group is currently associated with, but note that it is not a broker, but an intermediary.
If you are a smart person, avoid XM. Slippage is horrible there, they don’t pay out money. Support is the worst . There is no point in trading here, you will drain everithing. It is impossible to trade during news, and even in a quiet market. Good performance without requotes lasted a month after opening the account, then it was a nightmare.
xm group is trying to scam you out of a huge amount, and if they understand that you don’t want to invest anymore, they drain your deposit. Everything is easy and simple.
XM Group showed itself well. The platform works well, so trading is convenient. My orders are opened at the desired quote and slippage occurs very rarely. The trading platform may perform worse when important news is released. But anyway, at this time I am trading limit orders and everything works fine. I recommend XM Group.
AvaTrade is often recommended for people who are very new to the forex trading market. The platform gives the user access to a full educational portal, where you can learn more about trading strategies and other basics. In addition to forex trading options, AvaTrade also gives the user access to cryptocurrency.
The company gives the user the ability to choose between a variety of trading platforms. This includes a mobile application, as well as desktop software and a web-based system. The market commentary is updated on a daily basis, which gives the user tips on upcoming trends. Forex news is also provided from top-tier sources. In addition to providing its own trading platform, AvaTrade also offers support for MetaTrader 5.
Top 10 Honest AvaTrade Reviews and Comments From Clients
I decided to test the waters with AvaTrade by using their demo account, and I must say, the experience was quite good. It helped me get familiar with the platform and how trading works. Now, I'm considering transitioning to a real account. However, my final verdict hinges on how smooth the deposit and withdrawal processes are. If these aspects meet my expectations, AvaTrade will definitely earn a 5-star rating from me. Otherwise, it might drop to 3 or 4 stars. Nonetheless, I appreciate the overall experience and commend the team for their efforts.
Been using AvaTrade for a few weeks now, and I'm happy with the support they offer. They have a couple different ways to get help, which is convenient. There's an AI-powered chatbot that can answer basic questions, and you can also contact them via WhatsApp. That's pretty cool for quick inquiries.
If you have a more complex issue, you can email their customer support team. They got back to me pretty quickly with a helpful answer when I had a question about withdrawal options.
However, it would be even better if you could connect directly with a customer service rep through the chatbot. Right now, it just directs you to email if your question is complex. A live chat option would be nice too, for those times when you need help right away.
Overall, AvaTrade's customer support is good, with multiple ways to get help. Just wish there was a more direct way to connect with a rep through the chatbot.
I mostly use AvaTrade for long-term stock investing, not day trading. Their fees seem reasonable for that, and they have a good selection of stocks to choose from. Can't speak for the other features like CFDs or options, but for basic stock investing, AvaTrade seems like a decent option. AvaTrade's mobile app is handy for checking on trades on the go, but it could be smoother. Sometimes it takes a while to load charts and info, which can be frustrating.
Also, placing trades on the app feels a bit clunky compared to the desktop platform. Would be nice if they updated the app to be more user-friendly.
While trading with AvaTrade, there was one incident. I opened a trade on the USD/CAD currency pair. The trading was going smoothly, and there were no important news releases. Suddenly, there was a sharp market movement that hit my stop-loss. The movement was 29 pips. Later, everything returned to normal, but I incurred a loss. Over the course of a month, I pursued the review of my claim and the cancellation of the losing trade. The company canceled the losing trade, acknowledging such movement as outside of the market. Overall, with AvaTrade, you can fight for and defend your rights.
I requested a withdrawal from Avatrade at the end of the day and received my funds the next afternoon without delay or difficulty. I was pleasantly surprised by the speed of the transaction, especially considering that some companies delay payments for several months. Moreover, I make good profits from my trades on the Avatrade platform, which works flawlessly.
Although I do not consider AvaTrade to be a scam company, I would not recommend starting trading here. Because my work with this broker did not end in the best way. Not only can AvaTrade limit a certain type of trading at any time, but there are also many problems with the platform. Therefore, I lost most of my deposit while trading.
Recently I noticed strange changes in trading conditions of AvaTrade. Spreads constantly increase to high values, which leads to large slippages when opening trades. This caused me some doubts, since I had previously worked with them for several months and had no such problems. I don’t really understand what happened with AvaTrade’s conditions.
Awful broker AvaTrade. They do not pay out funds, citing technical issues. Then my personal account was blocked. I cannot log in. Has anyone had similar problems? What is happening with this company lately? Perhaps AvaTrade is on the verge of collapse? I really wouldn't want to lose my money.
AVATrade is quite ok. Although there is nothing particularly outstanding here, they allow you to increase your deposit and this is good. After switching to the direct market, I have no complaints about the execution of trades. When I traded on a classic account, requotes often occurred when there were spikes in volatility, which is why I decided to change the account type. Now everything is fine and even if there are occasional slippages, they do not cause serious problems. AVATrade withdraws money without serious delays.
Without a doubt, AvaTrade can be considered a broker with a high rating among traders. Before opening an account here two years ago, I studied the company's activities and reviews from those who trade with it. Many traders speak positively about their collaboration with AvaTrade. Now I can also say that the broker provides good conditions, and most importantly, there are no issues with fund withdrawals.
When it comes to talking about social trading, eToro is often the very first name that comes to mind. This company was made popular by its unique take on forex trading. eToro is a complete social system that allows you to follow experts in the forex market - you can then initiate a copy trade strategy. This means you will copy the trades executed by these experts, which could increase your chances of profiting.
With eToro, the minimum account balance is $50. The company does charge fees for trades initiated, which range from 0.75% up to 2.9%. The platform currency offers support for several trading pairs, as well as 15 cryptocurrencies.
Top 10 Honest eToro Reviews and Comments From Clients
eToro is my go-to broker for trading US blue chips. The process is pretty straightforward. As long as your account is sufficiently funded, trades are executed instantly. They have a limit order button for every asset which allows me to dictate the price I want to buy a stock. I tried using it to trade Forex too and although they have an attractive lineup of tradable pairs, I found their spreads to be flimsy compared to the broker I currently use. Still, my strategy worked well with their terminal with a 23% profit after a ratio of 60 wins and 40 losses despite the iss
Used eToro’s virtual portfolio while practicing to trade Forex. It’s readily accessible from their website and has a $100,000 virtual fund. It has given me the flexibility to try different strategies and choose the most profitable one that fits my risk appetite. After many trials and errors, I finally decided to fund my account with $1000. After close to two years of trading with eToro, my fund value is now at a little above $3300 which is a 230% increase from my starting point. I find it impressive especially for that short amount of time and think that my practice with the virtual account really helped build confidence. My strategy involves a lot of swing trades, with a consistent 1:1 to 1:10 leverage ratio, no stop loss since I am on standby the majority of the trading session, and a portfolio allocation of 70-30 stocks and crypto.
Stability in trading is the most important thing that I note in a broker’s operation. There are a lot of scams now, and finding a good broker is now very difficult. The regulator's license is important, but the company's presence on the market is more important. Entrusting the service to someone who has been operating for many years is the best idea. I have decided on eToro.
eToro is the first broker where I am not bothered with requotes. They haven’t occurred in 3 months even at high activity. It is clear that eToro has a thorough approach to work; the equipment is not cheap.
I started my eToro way back in 2020 to invest in US ETFs which at that time were not very accessible in my location. I checked their website and did a careful research before creating my account because of a number of complaints about their high fees. The website says commission is free, as with other factors which are charged in other platforms such as overnight and custody fees. Cut the story short I created an account with them and purchased one of their ETF products for an expense ratio of 0.03% at the time of sale. I thought this was such a steal price compared to an equity index feeder fund offered by a major bank brand in my area. From my estimation and confirmed by their agent as well (contacted them before posting this review), commissions from my trades averaged 0.09%, with a 0% commission structure on shares. Insanely low! This makes them my favorite platform for trading stocks.
Recently I completed a small experiment to test the performance of eToro and I am happy to share my conclusions. I made sure that the company really operates, quickly executes trades in the market, and withdraws profits. Although the eToro platform is not always perfect, it is still possible to make a profit on it.
I've been searching for a broker for a long time to comfortably trade stocks, and I'm very glad I opened an account with eToro. A big advantage is that trading fractional shares is possible. The commission for traders is no higher than with other brokers, and customer support always responds quickly, and money transfers are fast—I work with a card.
I wouldn't consider eToro a top-tier broker. It's a rather mediocre platform that can experience glitches. However, it offers a wide range of assets, including cryptocurrencies, which is a plus. There's also the opportunity not only to earn income through investments but also to engage in trading oneself. Overall, eToro may be an acceptable option for some traders.
I could not decide which broker to work with for a long time. I chose eToro and everything seems to be fine. Maybe the amounts were small, but there were no problems with orders and withdrawal of funds. So far I am staying here.
I am currently trading on eToro with various instruments. There are many good strategies here that you can subscribe to. I am still testing my skills in investments, so I understand that there may be mistakes. However, I like the eToro platform for its simplicity and features. There are many different payment systems available, but I use Skrill. For now, I am making a small profit from my investments.
FXCM is a long-standing forex broker that was founded in 1999. The company did decide to move away from the US Market a few years ago, and thus no longer offer account options for local citizens in the United States. For the international market, however, FXCM remain a good option. There are many educational resources that people can access, which also makes the platform an ideal choice for those who are new to the industry. FXCM is a top choice among people who use automated trading.
Top 10 Honest FXCM Reviews And Comments From Clients
I’m trading with FXCM for the second week. I invested $2,300 and today the income is $487, not as promised in percentage, but I think this is good for 2 weeks of trading.
The broker FXCM has its own rating among traders. Many people trade here. The company holds several regulatory licenses, indicating a serious approach to transparency and trust in the broker. I opened an account with FXCM five years ago. During this time, there hasn't been any serious reason to accuse the broker of unfair dealings. There are occasional issues, but they are not critical.
I've been working with the broker fxcm for over four years now. It hasn't always been smooth sailing. Over the past two years, the company has changed its policy regarding swap rates. While previously, some assets had positive swap rates, now they are negative. Therefore, for medium-term trading, I had to adjust my trading system. However, the spread at fxcm remains very attractive.
I’ve been trading with FXCM for several years and there is no doubt that it is the right choice. At the very least, this broker is licensed. There is good client support, so there are no problems with registration, correspondence, etc. Regarding the trading itself, I have a couple of comments, but they are not so significant.
fxcm's service is good. You quickly open a user account, quickly pass verification, and create an account. I like the large number of valuable assets that you can work with. Trading here is comfortable and you can make money with a good strategy. fxcm has good analytics. News is constantly broadcast to the platform, you can study various economic reviews.
If we compare trading with FXCM to other brokers, the conditions here may be less favorable. The spreads are small, but the company charges a commission for orders in both directions, and the commission is quite significant. There are instances when the broker runs promotions and reduces the commission. The FXCM trading terminal works well, although, of course, there can be issues during the release of important news, but these problems can be tolerated.
FXCM is a reliable partner. Their contracts are transparent and detail its terms and conditions. During my trading with FXCM, I did not encounter any serious problems. The broker’s fees are adequate and slippage is rare. I believe that FXCM is an ideal choice.
I have a positive opinion about FXCM, and I think this broker is ideal for beginners. The website is straightforward, without unnecessary information, and all sections are easily visible. The registration takes some time, but it's necessary for a detailed check of the future trader. The customer support is always available. Yes, some employees may not be as well-versed in the subject, but they still try to help. I definitely recommend FXCM for forex trading.
I can confidently say that FXCM is reliable and professional. During the entire time of our work, I did not encounter any troubles, and I could always rely on their fast payouts and good trading platform. I was satisfied with our relationship with FXCM and have no plans to change my partner.
The broker FXCM offers favorable trading conditions. There are trading terminals that are simple and easy to use. However, there are also issues that prevent me from giving FXCM a high rating. For example, when news is released, it's often challenging to open a trade due to requotes, and limit orders have to be used. Overall, I consider FXCM to be a decent broker.
The MarketsX web-based system introduced by Markets.com is one factor that attracts many users. This platform is organized and very easy to use, making it an attractive option for people who haven’t traded before. Markets.com was founded over two decades ago. Apart from being a good choice for beginners, the company also caters to the more experienced forex trader. There are two tier-one authorities that regulate Markets.com. Apart from the 57 forex pairs, users also gain access to 2179 CFDs and a range of cryptocurrencies.
Top 10 Honest Markets.com Reviews and Comments From Clients
It's been 5 months since I opened a trading account with markets.com. I traded here and everything suited me. Three weeks ago I had a problem with logging in, so I contacted the support team. They promised to help me, but the problem is still not fixed. Moreover, now they completely ignore me and do not respond. Draw your own conclusions.
I traded with Markets.com a few years ago. They did not withdraw money, $ 1500. The kitchen is still the same! Proceedings did not lead to anything, the entire regulation was written for their convenience and benefit. He is always right, and even if he is wrong, then yf is still in flight.
I disagree about Markets.com, this is a specific scam, once I could not close a deal for half an hour, I almost lost my deposit. After this incident, he withdrew all the money and transferred it to another company.
Reliable broker with favorable trading conditions. The downside for me when opening an account was the high requirements for the minimum deposit. I agree that even 250 dollars is not enough for a full-fledged trade, but before depositing large amounts, you need to check all the nuances of working with the company. For this, the demo is not enough, you need a cent account or no requirements for the starting balance. But I opened an account on the numerous recommendations of acquaintances, so I was not afraid to invest a large amount. To the advantages of Markets.com in terms of trading conditions, I can add the presence of a welcome bonus of 20%, which can be cashed out with active trading. I completed the volume requirements in 2 weeks.
I can rank terminal at Markets.com with “A”. During 3 years of trading, the system didn’t freeze, and orders were always executed clearly. I tried to deposit $200 from the Master Card plastic, they deposited within an hour.
In my opinion, the best way to check if a broker is a good broker or not, you need to test its work yourself. And I did.
The conditions at Markets.com are good, the terminal used to freeze for a short time, but not so dusty and it did not affect trading. There are no problems with the withdrawal, as you get your money in a few minutes during the business day. So you can trade.
Based on my experience, I can say that I’ve traded with different brokerage companies. But I stopped with Markets.com, as it is the fastest way to withdraw money. Some of my friends also trade here and have the same opinion about the broker. Otherwise, there are small flaws, but really small ones, so you can trade!
I have more positives than negatives to say regarding Markets.com. I opened a no deposit account and was able to make money, but after that, I lost 60%. Of course, I don't blame anyone, except for the unpredictable market. You have to be ready for ups and downs there. Now everything is alright. I withdrew money immediately, with no problems from Markets.com. In general, everything suits me and I plan to learn more about different strategies and master the Forex market.
I have never had to deal with making money this way before. But my boyfriend works with Markets.com and suggested that I try it too. Now we trade together. Initially, of course, I reacted with caution to this whole venture, but after the first time I withdrew the profit I earned, all my fears disappeared. At first, things did not go very well. But Markets.com turned out to be a decent brokerage. Compared with other brokers, orders are executed to the maximum. Customer Support is very fast and thorough. This broker is very beneficial and I advise everyone to sign up.
Trading is good, with no slip-ups. Overall, I am satisfied. I replenished my account with $1,000 and doubled my investment. As for the withdrawal, I had to wait 4 days before I received the money. I was already having doubts, but they said that it was a one-time technical failure and this will not happen again. After that, my withdrawals only take about 2 hours. In general, the broker did not cause me to be suspicious. I think the delay was caused by the banks. This broker does not like to work with small amounts. I had 2 additional problems but everything was settled quickly. I am satisfied.
Swissquote is considered to be more geared toward those people who are already experienced. With this particular forex broker, you are required to make a larger initial deposit. Swissquote does offer support for both MetaTrader 4 and MetaTrader 5, which adds diversity to the platform selection. There are several zero commission trading opportunities available on the Swissquote platform too.
Top 10 Honest Swissquote Bank Reviews and Comments From Clients
A year ago, when I was a novice trader, I carefully studied the market and looked for a reliable broker to avoid possible fraudulent schemes. After a long search and analysis of many reviews and forums, I decided to choose Swissquote. It turned out to be the right choice. I did not regret my decision, as Swissquote turned out to be a reliable and professional company. I recommend this broker.
I have received positive experience for two years of trading with Swissquote. Their reliability, execution speed, and lack of requotes make trading convenient and enjoyable. The only thing I would like to improve is to expand the range of tools for technical analysis, including those designed for trading on stock markets. Overall, I recommend Swissquote to Forex traders.
Swissquote did not pass my own check. I made a deposit, traded a little, and saw serious issues. I have a lot of experience and problems with opening orders and the operation of the platform are obvious to me. Technical support is very weak.
Although Swissquote is considered good, I cannot write a positive review about it. The spread here is not 1.5 points, as stated on the website. The average spread for major currency pairs at Swissquote is 4-5 points without widening. During the night or during strong market movements, the spread can reach 15-20 points. My trading strategy cannot withstand such a spread.
Swissquote practices blocking traders who trade successfully and actively. Although the company does not prohibit active trading, it appears that there are still restrictions. At first, I was blocked from accessing my user account for a week precisely because of active trading. Then Swissquote introduced a limit on the number of trades per day - no more than two. It’s kind of nonsense, these restrictions are strange! There is no point in trading with the broker that does not allow you to open more than two trades per day.
It seems to me that the company Swissquote is not Swiss. Because they opened an account for me in some branch located in Estonia. When I asked if the license of the Swissquote bank applies to the Estonian branch, they answered affirmatively. However, I found information on the bank's website stating that the Swiss license only applies to the company's activities in Switzerland. It looks very much like deception.
I had to leave Swissquote. Serious problems began here, due to which I received large losses. The most noticeable problem was with non-market quotes, which occurred more than once. Perhaps this was a failure of the Swissquote platform, but I do not exclude some kind of manipulation on the part of the company. Regardless of the reason, I can't stay in this situation.
Swissquote has long ceased to function properly. Now, their entire focus is on trading education courses. They don't offer anything on the stock market anymore. Oh yes, I forgot, they suggest investing in their crypto, trying to gather investors. In short, Swissquote is complete nonsense and not of interest to me.
The spreads on the swissquote bank platform were much higher than stated. Despite promises of spreads from 1.7 points, in reality they started from 5 points and even more. This significantly exceeded my expectations and created additional costs when trading. Also, inaccurate quotes were another problem. swissquote bank support ignored my tickets and I had to close my account with this broker.
It’s not correct to call swissquote bank a decent broker. Once you start making money, they will simply stop executing your stop orders and drain your account. Stop order slippage of 40-60 pips is a common occurrence at swissquote bank. Be careful and withdraw your funds on time. If they withdraw money to you. I hope my review will help someone save their deposit.
Tickmill offers super fast account opening, along with low fees when trading with forex. No fees are charged when making a deposit or requesting a withdrawal. The minimum deposit with Tickmill is $100, with support for four base currencies. A demo account is available, which gives you an opportunity to try the platform before making an investment.
Top 10 Honest Tickmill Reviews and Comments From Clients
I trade independently and believe that Tickmill is honest. From time to time I attend webinars that provide quite good analytics, which are more aimed at novice traders. Once I had a problem with an order, but the broker decided in my favor and canceled the trade. Withdrawing money is fast, I use a bank card for this. I can recommend Tickmill.
Recently I received affiliate payments from tickmill. I am very glad, since it is a good percentage of my passive income. But I recommend Tickmill because it respects traders. The platform is quite functional, spreads are narrow, and fees on the ECN account are small. There are no problems with withdrawals; I have never been deceived.
I have been using the brokerage services of Tickmill for over two years. It's a serious broker with transparent conditions. I am currently trading on a classic account, but I plan to switch to the Pro account because Tickmill offers zero spreads on that account, which is very beneficial for active trading. I withdraw profits to my bank account, and the funds are received within three days.
Tickmill is an excellent broker. I recommend it to everyone who trades or starts trading. I started trading with Tickmill several years ago. I didn’t find any problems with the system connection of the platform. This broker withdraws money without any problems.
I would like to share my experience with Tickmill, which turned out to be a good choice. Positive aspects include high leverage, which can be useful for experienced traders. Accounts are open incredibly quickly within only 3 minutes. I liked that information on the Tickmill website is available in different languages, which makes it easy to interact with. All this made my work in the market easy and comfortable. I actively trade major currency pairs and spreads on them fully meet my requirements.
The trading experience with Tickmill is highly individual, and opinions may vary. I have been trading with them for four years, and I haven't encountered serious problems. They offer attractive conditions, and what I like the most is that they really fulfill their promises. I have tried trading on similar accounts with different brokers, but I like working with Tickmill because the conditions are more pleasant, and bonuses can be utilized. I have no sense of deception, and order execution is always better than with other brokers.
I am not worrying about my deposit with Tickmill. I have tested this company for three years. I started trading first on a demo account, then switched to a live one. Tickmill has not yet given me a reason to write a claim. There is no trading without problems, but I did not see any manipulation on the part of the broker. I recommend this broker as reliable!
Confirming that Tickmill is commendable. Trades are executed quickly, with real quotes, and there is no price chart manipulation. I'm used to trading exotic currency pairs, and here it works well. I've been trading with Tickmill for three years and don't plan to switch. Highly recommended as a reliable broker.
Tickmill successfully fulfills its obligations and stands out for its instant order execution. Withdrawal of funds occurs without violations. Although the choice of payment instruments may be limited, they work smoothly. Their informative webinars add to the positive impression - I was pleasantly surprised when they discussed the strategy of support and resistance levels. I recommend Tickmill.
Tickmill is a reputable broker with extensive experience in the financial markets, which is certainly a huge advantage. In addition, their reputation is impeccable, and there are practically no extremely negative reviews about the company’s activities on the Internet. There are mostly positive or neutral reviews about Tickmill.
IC Markets is a good option for people who prefers lower fees on their trading activities. The platform is limited to forex and CFDs only, but the company is trusted - as it is regulated by a tier-one authority. IC Markets was founded in 2007. There are 61 forex pairs to choose from when trading.
Top 10 Honest IC Markets Reviews and Comments From Clients
I decided to use the services of IC Markets not long ago. Now I think that not all negative reviews are justified. This is a good broker and I have already withdrawn profits several times, everything went without problems. IC Markets’ rates differ from those of other brokers. But you can adapt to this problem.
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them
oliviatrader 44 at gmail com
WhatApp +1 (423) 248 - 2140
I was looking for a reliable broker and noticed the long existence and good reputation of ICMarkets. Moreover, my friend, who has been trading for a long time, recommended contacting them. After several years, I have become a more experienced trader and I am satisfied with the work of the broker.
I have been trading with IC Markets for some time now and I can draw some conclusions. The platform works stably, which indicates a serious approach to its work. Spreads are quite optimal, although for cryptocurrencies they are higher than average as compared to those of its competitors. Slippages occur, there is nothing you can do about it. But there are no problems with requotes at all. In general, I think it’s possible to rate IC Markets “good”.
There are many advantages to IC Markets broker. First, of course, is the presence of a license from a reputable regulator. Accounts can be opened for citizens of many countries. Second, the platform works very well. Order execution speed is high, and you can actively trade manually or with the help of an advisor. I am quite satisfied with IC Markets as a broker.
This is a normal broker with good conditions. If someone thinks that clients are being deceived here, I will disappoint you. I have two years of trading experience with IC Markets, and withdrawals are always smooth. I use bank cards for withdrawals, and it takes only one or two days. I have not encountered any issues with this.
I'm new to the Forex Markets. After reading reviews of many platforms, I decided to register with IC Markets. I have opened a demo account and am working on it. My cautious tactics have so far brought me growth. If I can build my own trading strategy, most likely I will stay trading with IC Markets. There is a very convenient trading platform, professional support service, and a convenient user account.
I feel very comfortable working with IC Markets. It's not just because of the technical aspects, which are in order with many brokers nowadays, but also because of their customer service. I never feel like I'm a nuisance or asking silly questions when dealing with their support staff. I always get detailed answers to all my queries when I contact them via email. Any issues are resolved in a way that leaves me satisfied. I highly recommend IC Markets if you want to trade calmly and stress-free.
I continued working with IC Markets two years ago. Before that, I’d taken a break from trading and withdrawn all my money. Although I traded with IC Markets for more than a year. My review is positive. Neither before nor now have I had any reason to file a complaint with the broker. IC Markets fulfills all its obligations.
I can confidently speak positively about IC Markets. Although I've been trading here for just over a year, I've withdrawn funds three times, and each transfer was fast and on time. I engage in scalping, so competitive spreads are important to me. IC Markets offers competitive spreads, aiding in profitable scalping.
InstaForex is a highly regulated company, which adds to the overall trustworthiness of the forex broker. The company has very low trading fees. Both mobile and desktop platform options are available, giving you more choices when choosing how and where to trade. Education is provided on the platform, along with frequent news updates.
Top 10 Honest InstaForex Reviews and Comments From Clients
Copying trades on InstaForex is another interesting passive income opportunity I have really been active on after learning about it. I am not saying that all the strategies I copied from the expert traders on the platform resulted in profits but a higher percentage was profitable. To be on a safer end when copying trades, it is important that you evaluate the trader's profile and performance in the market before you choose to compare them. I always assess and evaluate the traders trading history. Check how many days the trader has been trading and total profit and equity. Copy multiple traders to spread your risk and make sure the traders you follow employ a variety of trading techniques. If you would rather close your trades within a 12-hour window or the same day, then follow day traders.
It is important that you closely monitor the market before opening a position if you are trading within a one-day time frame. I use the Bolinger bands, stochastic oscillator, and average directional index and they are on my top indicators list when I choose the 1 day time frame. The average directional index helps me determine a trend momentum and strength, the Bollinger bands help to identify price patterns, and the stochastic oscillator compares the closing price of an instrument to the range of its price over a certain time.
You can immediately access the InstaForex web terminal to start trading. You can login as a client or guest. The guest account is mostly a paper account and it is one of my favorites especially when I want to test a trading strategy. The web terminal is sectioned in a very concise manner. You select between the classic to view the instrument listing and their current prices and can immediately navigate to the charts of the pairs you select by clicking on the chart symbol at the right-hand end of the listed assets. The terminal is arranged so users can identify and know where to be depending on what they want to do atthe moment. So if the MetaTrader platforms might look hectic for you as a new trader, the InstaForexForex terminal can provide with a friendly and colourful interface to trade.
I liked the copy trading service from InstaForex. Perhaps traders who don't have much trading experience expect to make a profit of up to 100 percent, but that's not the case! So I'm very happy to have a return of up to 20 percent per month with this service; these are good overall results.
InstaForex can be considered a reliable broker. I have been trading here for over a year and have withdrawn my profits more than once. There are problems, but not such as to accuse this project of fraud. The platform works almost flawlessly, although slippages and gaps sometimes occur. InstaForex withdraws profits without any problems, but you need to take fees into account.
For me, InstaForex has been a reliable trading partner for several years, and I am satisfied with my results. They offer various trading platforms, five types of accounts, access to over three hundred assets, including cryptocurrencies, as well as various bonuses and the option to choose leverage. Although there are sometimes minor delays in the operation of the trading terminal, this happens extremely rarely, and I have not encountered any issues with withdrawing funds from my InstaForex account.
Hello everyone! I've been trading with InstaForex for over four years, and I can't say anything negative about them. It's a fairly stable broker. The trading platforms work almost without any issues, and orders are executed very quickly. Regarding withdrawals, InstaForex fully adheres to the regulatory conditions and processes withdrawals very quickly. I believe that this broker can be recommended for collaboration.
InstaForex is one of the best brokers. I know that everyone will talk about their brokers in exactly the same way. I have been working with it for more than one year. I started as a novice trader, and now I already have a completely profitable trading strategy. The conditions are excellent, there have never been any problems with withdrawals. I recommend the broker.
I am very pleased with working with InstaForex. I started trading here four years ago, when I was new to the market. Now I already have a profitable trading strategy and a good monthly income. I use the analytical materials of the InstaForex portal very often, this is a good help for any trader.
I have been trading with InstaForex for over two years now. Before registering, I studied reviews about this broker, and most of them were positive. Now, I can also leave a positive review about InstaForex. The company is transparent, with no hidden fees, and fulfills its obligations to clients.
With Libertex, you get access to a platform that has won more than 30 awards in the forex industry. The company offers the user access to multiple instruments. Apart from forex, you can also trade with cryptocurrencies, ETFs, indices, stocks, and more. Multiple deposit methods are available.
Top 10 Honest Libertex Reviews and Comments From Clients
When I first started trading on Forex, I already heard about Libertex as a reliable company. I decided to try and for 6 years of cooperation I was not disappointed. One of the main advantages is the author's platform, where the transaction parameters are calculated using a multiplier. In addition, instead of spreads, a fixed commission is set, which allows you to significantly reduce costs. The disadvantage of such a commission system is that you still have to pay interest on losing trades. I am not new to trading, but I constantly visit the training section, where experienced traders share the secrets of success. I want to try to work with cryptocurrency somehow, because the broker provides such an opportunity.
The speed of the Libertex platform is close to perfect. I regret that I did not start working with it from the beginning, I lost time. The only inconvenience is that there are no spreads here, and the commission is not always calculated clearly. Therefore, the projected income is often past the real one.
I had a bad experience with 2 dishonest brokers, so now Libertex seemed like a fairy tale to me! Conditions are excellent, execution is instant. I checked the withdrawal and it works. You can make money with this company, and even make good money.
Libertex consistently pays money, and that's a fact! For me, this is the main point in the question of whether it is worth further cooperating with the company. Therefore, I’ve been with Libertex for almost a year now. At the moment, I have no complaints about the company. Everything is calm and clear, and this is very important!
I've been trading with Libertex for six months. In general, trading here is quite comfortable. Conditions are the very thing I need. The trade execution quality is good. The withdrawal of the money earned is made within the time frame specified in the regulations. There is nothing to complain about!
I’ve been trading on the Libertex platform for 2 years. Its interface is convenient even when using a smartphone. It has over 45 indicators, fundamental and technical analysis tools. The broker offers many options for replenishment and withdrawal of money such as e-wallets, bank accounts, and cards. There are no problems or delays with withdrawal. Unfortunately, algorithmic trading cannot be conducted on Libertex as the platform's functionality is simply not designed for this.
I’ve been experienced to trade on the Libertex platform a couple of months ago. Hitherto, I traded with MT4, so the functionality of the broker’s auctorial terminal seemed crude to me. Today, most indicators and trading advisors are designed for MT4 and MT5, so Libertex users are not allowed to use useful ready-made tools. The commission of 0.03% spread familiar to a trader, is confusing. In general, the broker lefta questionable impression.
I’ve been trading with Libertex broker for a while. The platform is tooled for trading by fundamental analysis, but still technically inferior to the usual MetaTrader. The commission is high, lackingthe complete absence of a spread.I consider the "zero spread" characterization to be a potential client deception and a reason to look forward to a more worthy intermediary on Forex.
I decided to work with the Libertex broker because I found a lot of positive reviews about its platform and favorable terms online. I opened an account in a couple of minutes, replenished the deposit for only $10, and began to master the terminal. Its functionality is significantly different from MT4, but anyway you can get used to it. As far as I’m concerned, the main disadvantage of Libertex is the injunction on the use of advisors. Also, the broker does not have leverage and an unusual multiplier is provided instead of it.
I work with Libertex and with several other brokers at the same time. I used to trade with Libertex, but then I decided to test their auctorial platform. Certainly, primarily its menu and settings were a little incomprehensible to me, but after a week of trading, I finally got used to it. I trade only currency pairs with Libertex in order not to pay the spread. Sure, the broker still charges a commission, but its size is still less than that of other brokers.
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.
Forex trading, short for foreign exchange trading, is the practice of buying and selling currencies in the global foreign exchange market with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether one currency will rise or fall in value relative to another currency and make trading decisions accordingly.
CFD is a contract between an investor/trader and seller that demonstrates that the trader will need to pay the price difference between the current value of the asset and its value at the time of contract to the seller.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
