It can be rather difficult to find a forex broker that offers both excellent service and low trading fees. This is why we thought we’d review our top 3 forex brokers. So, without further ado, let’s get started…
IG is a forex broker that was established in the UK in 1974 and regularly appears on lists of the best UK forex brokers. Currently, it is one of the biggest CFD providers in the world. For peace of mind, it is well regulated, as it is overseen by regulators around the world, including the FCA.
IG is considered by many to be an extremely safe option – mainly due to the company being listed on the stock exchange.
The IG platform we found to be easy to use, and the customer service was also excellent and fast to respond to any enquiries we had. Depositing money is a breeze, as well as withdrawing. The one negative we can find is the high trading fees.
XTB is primarily a forex and CFD broker, but there also is the chance to trade with real stocks in certain countries. XTB is a global player, and has ten offices around the world.
XTB is listed on the Warsaw Stock Exchange, and because it is a listed company, it’s finances and accounts are more transparent than those brokers who are not listed. They are authorized and regulated by different regulators around the world, including the FCA.
Like IG, it offers excellent account management features, and the deposit and withdrawal options are also comprehensive. One thing it does lack is 24/7 customer service, which really is needed I think in this day and age.
The third broker that we would consider is FXCM (Forex Capital Market). They are a London-based forex broker, and are well known for their forex products, as well as offering some CFDs too. FXCM are now 20 years old, having been established in 1999. Their two main shareholders are Jefferies Financial Group and Global Brokerage, who are both listed on the stock exchange.
We loved the low trading fees and financing rates on offer from FXCM. The research tools are very good, and opening an account is a relatively easy process, especially compared to IG and XTB. Although, the user interface could do with some improvement.
Check out FX-List.com for a full list of forex brokers.