The Best Brokers for Forex Trading

After our analysis and comparison of dozens of online Forex brokers, we have selected a list of the three best. In the rest of this article, we'll give you more details about the best brokers of the moment.

1 - eToro: Best Forex Broker for Beginners 

eToro logoCreated since 2007, eToro is the broker considered by connoisseurs as the leader in forex in France. For investing in the financial markets as well as internationally, it is the most comfortable site. It is regulated by CySEC (in Cyprus), FCA (in UK) and ASIC (in Australia). It has shown innovation with the creation of its social trading jewel ("copy trading") which allows you to copy the trades made by other traders on the platform.

The trading interface is quite attractive and its ease of use is ideal for beginners. At the disposal of its customers, eToro provides an ergonomic trading application for pleasant portfolio management even on cell phones. Moreover, it is possible to trade financial assets other than currency pairs (forex). You can invest in crypto-currencies (16 crypto-currencies available) physically or via CFDs using leverage. Other products include: stocks, crypto-currencies, CFDs, commodities, stock indices...

Forex spreads or commissions start from 1 pip and for major pairs the spreads are :

  • EUR/USD: 1 pip
  • USD/JPY: 1 pip
  • GBP/USD : 2 pips
  • USD/CHF: 1.5 pip
  • EUR/GBP : 1.5 pip

It is possible to use leverage in your trading at eToro and it varies between 2 and 400 depending on the asset. The payment methods you can use are: Paypal, Skrill, Neteller, Credit Cards, Rapid Transfer, Bank Wire, Klarna Bank / Sofort, Online Banking - Trustly (EU region)...

Benefits at eToro 

  • Regulated, reputable and well-established broker
  • 0% commission on stocks and ETFs
  • Wide selection of crypto-currencies available
  • Intuitive and easy to use platform, ideal for new traders.
  • Social and collaborative trading possible with CopyTrader TM and Copy Portfolios
  • Responsive customer service

Disadvantages at eToro 

  • Fixed withdrawal fee of $5
  • Non-negligible spread rates 
  • Inability to give feedback.

2 - Libertex : Forex Broker Without Spreads

LibertexThe Libertex broker was established in 1997 and has a client base of over 2.2 million customers in 11 different countries. It has 49 currency pairs in its catalog that it allows you to trade.

On the Libertex platform, there is no spread applied and this is good news. However, you are required to pay commissions on all your transactions. These commissions depend on the asset and the transaction. For example, it is 0.008% for the EUR/USD pair. 

On the site, you can use the leverage, which has a maximum of 1:30. The site is user friendly, works on phone without any problem on cell phones with its numerous technical analysis tools. You have no particular worries about making deposits (the minimum is 100 euros) and withdrawals quickly. 

The withdrawal fees are : 

  • 1 € for debit or credit cards
  • 0.5% of the amount for bank transfers
  • 1% of the amount for Neteller
  • Free for Skrill

Commissions on the main currencies: 

  • EUR/USD: 0.009
  • GBP/USD: 0.008
  • BTC/USD: 0.91
  • CAC 40 : 0.035
  • Gold: 0.004

Libertex is 200 financial assets including 50 currencies, a platform for trading or the possibility of using the MT4. If you are a beginner, this is the best place to learn. On the site, you can enjoy a fairly comprehensive training. Specific concepts are taught to you with a lot of pedagogy to allow you to understand the financial markets and to better grasp how the tools work. 

The payment methods are : Paypal, Skrill (e-wallet), Neteller (e-wallet), credit cards, SEPA/international bank transfers...

Advantages at Libertex

  • CySEC-regulated organization with a maximum guarantee of the deposited capital (€20,000)
  • High quality customer service
  • The site is made in many languages
  • A major player in the market for over 20 years
  • A wide range of training
  • Several trading platforms available (Libertex, Libertex Mobile and MT4)
  • There is no spread

The disadvantages of Libertex

  • Stocks and crypto currencies are only tradable in CFDs
  • No EA (Expert Advisor) services available on the Libertex platform

3 - : Best Secure Trading Site is the trading site that aims to give you the best possible trading experience on any device. You get over 70 technical indicators and 5-star rated educational training. The platform has been around since 2016 and has very quickly established itself as one of the largest online trading interfaces in France. The space designed to do trading has won awards and its customer base has over 788,000 clients worldwide. 

The team has provided a fairly simple and easy to use trading application for those who prefer to work on their smartphone. There is no minimum amount set if you want to fund your account. That makes it accessible to everyone. is more than 3,000 markets consisting of 2,733 stocks, 142 currencies, 34 indices, 54 commodities and 84 crypto-currencies... So you can see that Forex doesn't miss a beat. 

In addition to its 0% commission policy, the customer service is available 24/7 while remaining very cooperative. The spreads are also very low and you can trade with peace of mind. Your money is safe, held in bank accounts and protected by state-of-the-art security protocols. is fully regulated by the world's top financial supervisory bodies such as the Financial Conduct Authority and CySEC. It is fully compliant with PKI data security standards. Your data is encrypted and protected to limit risk. 

Advantages of 

  • The ease of use of the trading platform
  • No deposit and opening fees
  • No minimum deposit amount 
  • No commissions on transactions
  • Presence of a free demo account
  • The use of artificial intelligence for information and learning
  • Comprehensive training programs
  • Partnership with Tradingview,

Disadvantages of

  • Unavailability of customer service on weekends
  • No MetaTrader integration on

Post a Comment

Previous Post Next Post