Finding the best broker for Forex Trading or CFD Investing is actually a very simple task. All you need to do, is verify that your broker has a valid license from the government.
Many scams are operating online with fake advertisements about huge profits via secret trading systems. All those companies have created fake Forex broker firms, to look like they are legitimate companies, when in fact they are not. With more than 2,000 firms offering Forex trading, there are about 20 companies who are among the most popular in the world. Below are listed a few brokers that are licensed and regulated.
If you are interested in using an automated trading software, you can see the popular systems here.
The Best Forex Brokers
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There are hundreds of Forex brokers worldwide.
90% of these companies are illegal scam operations, where investors are not able to withdraw their money.
Many investors are looking for a Forex broker who offers automated trading software. The most advanced systems you can see here.
Sensible investors will always choose to trade with a licensed and regulated Forex broker as oppose to an unregulated broker. The reason investors always choose a Licensed Forex Broker, is because they are looking for an honest broker, who will not co-mingle funds from their account with the firms money.
A regulated broker ensures that an investor can withdraw their funds from their trading account. Licensed Forex brokers usually have a better reputation than unlicensed brokers. In the event that a regulated broker declares bankruptcy, the clients funds are usually protected by the governments investors protection fund.
European Regulated Brokers
Cyprus is one of the most popular places for new Forex brokers to gain a license. The Cyprus Securities and Exchange Commission regulates many of the large international Forex brokers.
Financial Regulators in Europe are members of the MiFID, which means that a broker who is registered at the FCA in the United Kingdom, is recognized as a authorized financial service provider by BaFIN in Germany and the CONSOB in Italy.
Australia Regulated Brokers
Brokers in Australia are licensed and authorised by ASIC. The most prestigious license for an online Forex broker is from ASIC.