In order to take advantage of the money making possibilities offered by Forex online trading, you need a broker that suits your individual needs and style. We’ve taken a look at all of the biggest names in Forex online trading. Here are some quick-hit reviews of what we consider to be the most interesting Forex online trading brokers.
AvaFX
In our experience, AvaFX is the best overall Forex online trading broker. AvaFX achieves this status thanks to a platform that is solid in every important way. Relative newcomers may find some other Forex online trading platforms easier to use (more on that in a moment), but once you’ve got some experience, you’ll likely find that AvaFX has everything you need in order to get the most out of Forex.
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In addition to numerous other advantages, AvaFX offers trading in many exotic currency pairs as well as commodities that aren’t available elsewhere, providing the most comprehensive and extensive money making opportunities. Furthermore, AvaFX has the best customer service and support in the industry, which really solidifies their position as the broker to beat.
Easy Forex
Easy Forex provides a service that corresponds well with its name. While Forex online trading can be an intimidating prospect for newcomers, Easy Forex does everything possible to make the process much simpler and easier to execute. This is accomplished primarily by its simplified, streamlined platform. While advanced users and those with a lot of experience in Forex online trading may find that Easy Forex doesn’t fully accommodate their needs, if you’re looking to get into Forex for the first time, Easy Forex is a great place to start thanks to its superior ease of use and simplicity.
UFX
UFX is another Forex online trading provider that should appeal primarily to newcomers. Most Forex online trading brokers offer some type of instructional material and trading courses, but UFX has some of the best material in this respect, including a friendly mentoring system. For advanced users, UFX offers some interesting wrinkles such as binary options trading, something that can’t be found at most other brokers. That being said, UFX also lacks certain advanced capabilities, such as the MetaTrader platform, and this keeps it from being able to compete with the likes of AvaFX when it comes to providing for more experienced traders.
InstaForex
InstaForex occupies a definite niche within the world of Forex online trading. While the nature of the InstaForex service makes it unsuitable for larger transactions, InstaForex is particularly well suited to micro trading, a form of Forex online trading that involves making a relatively large volume of relatively small transactions. Micro trading isn’t for everyone, and it doesn’t have the same appeal as general Forex online trading. That being said, if you’d like to get into micro trading, InstaForex is well worth considering.
E-Trade
E-Trade is one of the best known securities brokers in the online world, and has been for some time. They are primarily known for allowing users to deal in other types of transactions, such as securities and options trading, mutual funds, and bond markets, among other things. However, it is possible to engage in Forex online trading through E-Trade as well. Unlike most Forex-specific brokers, E-Trade charges a per transaction fee, so it may not be appropriate for all Forex traders. Nevertheless, E-Trade is well worth considering because of the overall quality of its service and the massive variety of trading options available. If you’re into Forex, and you’d like to get into other forms of trading, E-Trade is the best place to go.