Forex is the world’s biggest and most liquid market, and everyone interested in trading, investing, or investing in stocks has to keep an eye on it. One of the main ways to trade this market is through Forex brokers. By trading with Forex brokers and investing in Forex assets, it means that you invest in the overall economy.
With that being said, we thought we’d share with you 5 of the best Forex brokers to trade with and invest in.
FXCM is one of the biggest brokers on the market today. It is an excellent place to trade with Forex assets. As part of the FXCM service, clients can invest in their Advantage Forex service, which is specifically designed for High-Net-Worth Individuals.
This is a premium Forex service that charges a monthly subscription fee of $999. For every trade of $50,000 or more, clients have to pay a 3% fee added to the brokerage account. The account must be kept active and fully invested for every $50,000 trade volume. This makes it a very viable choice for high-net-worth individuals to get their hands on.
Forex Simple Trading
Forex Simple Trading is an online brokerage service that offers a monthly subscription fee of only $49 for Forex and CFD trading accounts. They also offer zero-commission trading accounts for regular trading and no deposit bonus.
There are no charges for buy and sell orders; trading with Forex and CFD is entirely free. However, you do need to keep your account active to trade, and they do offer lower commission rates for gold, silver, stocks, and GTC Forex currencies.
TradeKing is an online broker that offers one of the lowest trading fees and no minimum deposit on Forex trading. They are brokers with no deposit bonus on Forex CFD or Forex Stocks. In addition to that, they also have an interest rate financing program, making it easy for people to start with a Forex or CFD trading account or invest in stocks.
TradeKing also offers a commission-free trading program for all Forex and CFD. On top of that, TradeKing offers flat and 0% commission on online Forex orders and online stock trades, making it an attractive investment platform for a wide range of investors.
Cumberland Brokerage has been around for years, and they also offer commission-free trading for all Forex and CFD products. As well, they have a monthly trading fee of only $11. That means that, for each trade of $50, there is no transaction fee at all.
One of the main reasons why Cumberland Brokerage is a popular broker for people to invest in Forex is the low risk of the Forex and CFD market. Few opportunities are highly volatile, and Cumberland Brokerage manages to consider these opportunities when putting the order. This is why they charge a minimal deposit.
Oanda is an online broker with a competitive reputation. Oanda has an extensive clientele with multi-million dollars of assets, so they have a vast clientele. Oanda is an online brokerage that offers many of the best Forex and CFD trading features, and they even have some of the best features for CFD trading, including time blocks and wall trading.
Oanda also has a flat commission rate of $5 for each Forex or CFD trade, and there are no extra fees for account opening. The program also offers a minimum deposit of only $10 for 100 shares of a CFD.
Investing in stocks and Forex is a risky business. Still, several brokers are available on the market to take this risk out of the equation and make it as easy as possible for new investors to get started. When you combine these low brokerage fees with the many investment features that the brokers on this list offer, you have a great deal of potential.