Recommended Forex Broker - best Forex brokers offering free demo accounts
I have traded with numerous brokers since 2011, below are the best Forex brokers...
- STP / True ECN
- FCA Regulated
Open a free Forex trading demo account now...
When choosing a Forex broker, there is a lot to consider... Please read below to learn who my recommended Forex brokers are and why I recommend them...
Having a Forex broker that is well regulated is a top-priority when deciding on a Forex broker. The most well-respected financial regulators include the FCA (UK), the ASIC (Australia) and the CFTC or NFA (US). CySEC (Cyprus) is also a growing financial regulator. I strongly suggest that you choose a Forex broker that is registered and regulated by at least one of these bodies.
Type of Broker
If you are new to Forex trading, you may not know that there are many different types of Forex brokers. These include market makers, STP Forex brokers and ECN Forex brokers. If you are planning to take trading seriously and invest your own capital, I strongly recommend you open a Forex trading account with a STP or ECN Forex broker. These brokers generally offer a much better trading experience and it is in their best interest that their clients are profitable and regularly trading.
The amount of leverage a Forex broker offers is not essential when comparing Forex brokers, but you do need to ensure that sufficient leverage is offered to enable you to trade multiple positions without going into negative margin or receiving a margin call. A Forex broker that offers leverage from 1:50 upward is recommended.
Most Forex brokers offer MT4. This is a good platform. cTrader is another popular Forex trading platform. Some Forex brokers also offer their own bespoke trading platforms.
The Forex broker that I personally trade with is IC Markets. They are regulated by the FCA and the ASIC and are a true ECN Forex broker. They offer the MT4 Forex trading platform and high leverage. From my many years of Forex trading experience, this is the best Forex broker I have come across, I highly recommend this Forex broker. You can open free unlimited demo accounts with them. Click here to open a free Forex trading demo account.
I also trade with Darwinex . They are another great Forex broker that I personally recommend. They are regulated by the FCA and are a STP Forex broker. They offer reasonable leverage and a range of Forex trading platforms. Click here to open a demo account.