Very often on Forex forums you can see messages “Recommend a reliable Forex broker” or “Which company is better to trade with?” And in fact, choosing a decent brokerage company can sometimes be very difficult. In this article we will look at some brokers that we can recommend for Forex trading.

Let's start with the fact that the choice of broker is determined by the requirements of each specific trader. Therefore, even the most reliable broker may not be the most the best option in all cases.

Brokers for beginners

For example, let's take a novice trader. What is the most important thing for a beginner? Learn to trade. If a beginner has not seen a terminal before and does not know how to open and close transactions, then he should not open, for example, an ECN account with a minimum deposit of $1000. At first, it is better not to think about trading for money at all; it is better to focus on studying theory and practice on a demo account.

Demo accounts were invented to help beginners get used to trading terminal, study its functionality, learned how to open trades, set stop losses and take profits, use indicators, etc. You can also try trading on a demo account different strategies. Such training will not lead to loss of funds, since the money on the demo account is virtual. This is their biggest advantage. The vast majority of modern brokers offer trading in demo mode.

The next step in a trader’s career is the transition to trading with real money. At this stage, it is very important to choose the right brokerage company. In many cases, your entire future trading career depends on this.

What should you pay attention to? To check whether the broker has cent accounts. This is a great tool for a beginner who is just getting ready to trade with real money. On a cent account, trading volumes are reduced by 100 times (the minimum lot is 0.0001), therefore, a possible lost amount also decreases by 100 times.

The best cent brokers are Roboforex and Forex4you. Therefore, we recommend them to start trading. What is special about these companies? In addition to the usual cent accounts with Instant Execution and fixed spread they offer cent accounts with market execution (with five-digit quotes) and floating spreads. In Roboforex it is Cent Pro, in Forex4you it is Cent NDD. These accounts have more accurate quotes and better execution, and the minimum deposit is $0.01.

However, cent accounts can be useful not only for novice traders. They are usually used for testing advisors and new trading strategies. Therefore, for these purposes we also recommend registering with Roboforex and Forex4you.

Brokers for experienced traders

For experienced traders, good trading conditions and the reliability of the broker. Everything is clear with reliability - more experienced traders operate large sums, so they need an age company with a good reputation. Regarding trading conditions, there should be a large selection of trading instruments, the possibility of ECN trading, execution should be instant, and spreads should be narrow and stable.

We can recommend brokers Exness and Alpari to experienced traders. These are some of the most reliable companies on the market and offer truly excellent trading conditions. Alpari has been operating for more than 20 years, Exness for more than 10. There is ECN trading here, and in Alpari ECN is available on the Metatrader5 platform. A special feature of Exness is interest-free deposits and withdrawals of funds, as well as fast payments (to electronic wallets small amounts output automatically).

There is also an excellent option with ECN - AMarkets, where the minimum deposit to start trading on an ECN account is only $500.

Brokers for scalping

Many traders are looking for companies where they can trade using scalping strategies (where trades are closed within a few minutes or even seconds). Not all brokers allow their clients to conduct such trading, citing the fact that it creates a large load on the terminal. Many companies’ customer agreements have a clause that allows you to cancel transactions that last less than 1, 3, or 5 minutes (it’s different everywhere).

Brokers for trading cryptocurrencies

Recently, cryptocurrencies, especially Bitcoin, have become increasingly popular among traders. And many forex brokers provide the opportunity to trade cryptocurrencies.

If you are interested in crypto trading, we can recommend two brokers to you - Exness and AMarkets. These companies offer to open a Bitcoin account, the base currency of which is BTC. That is, you can top up your account and withdraw funds directly in bitcoins.

Diversification of funds

Now let's talk a little about diversifying funds. This long word means the distribution of money among several companies. Everyone remembers the proverb “Don’t put all your eggs in one basket,” and so it’s the same with Forex trading tools. You should not keep all your money (especially if the amount is large) in one company. It is necessary to distribute funds among 2-3 brokers so that in the event of any force majeure you do not lose all the money at once.

Doesn't this surprise you?
It's not about the shoulder at all.
Change at least 100 forex companies, the same thing will happen. Unlike normal Russian brokers Forex dealings give you your winnings from their money. Yes, some claim that they cover the aggregate positions of clients from Western banks. But an ordinary trader will not be able to check this. The entire interior kitchen is not transparent. Ask to provide any evidence of this, supporting documents. What will they answer you?

Moreover, they generally work outside the legal framework of Russia and have 1000 ways not to give back not only their clients’ winnings, but even the initial amounts they invested, if they really want to or decide to close down in a day, when they don’t have to worry much about their reputation. Google it and you will find many interesting stories. If you win small change, they will save their reputation and give it away. Don't expect to cash out big winnings.

How is this possible? Very simple. Let’s say the company wanted to get your money, they put a spike on the eurodollar against your position by 2000 points with slippage and hello to Kolya Marzhinovsky. All your money now belongs to the company. You tell them: “how, this can’t be, here are the Reuters quotes, there was no such price”, They tell you: “read the contract, quotes from third-party sources are invalid in disputes”

Or they will make unprofitable trades themselves in your absence, and then you will not prove that it is not you. They will say “we believe you, not you, probably hackers hacked your computer, but according to the contract we are not responsible for the actions of 3rd parties and hacking of your computer.”

At the same time, you cannot challenge their actions, because... They do not relate to the FSFM in any way, please contact KROUFR? So this organization consists of the largest forex offices. Who will KROUFR extract money from? At ourselves?)) In any case, no legal force KROUFR decisions will still not have. From my point of view, this organization is pure marketing and populism.

Well, let’s say you go to court to seek justice. The judge does not understand what forex is; it is not mentioned in any law. You will explain to him that there is a certain pseudo-currency market in Russia, where DyTs with gambling licenses work, hand out free credits 100 times higher than your deposit and the spreads there are always almost fixed at 3 pips? :). Reading documents: agreement, law on currency regulation and control, a “broker’s” license for gambling and organizing sweepstakes, the judge will make a decision: the company is right, according to the contract, not to attach itself to them. You yourself signed up for such conditions, didn’t you? But there are no laws on Forex. And hi" :)

If I haven’t convinced you by now, watch the Channel 5 program with comments from a counteraction expert financial pyramids Leonid Armer, and you will understand everything. About "Russian Forex" discussion at the end from 1:29:20
www.5-tv.ru/programs/broadcast/506247/

To the machine operator: there is a proposal so that people immediately understand what they are getting into when playing on “Russian Forex”, it would be nice to create a thread marked “important and required reading for everyone”, where this matter would be discussed in detail and why you only need to open an account from a normal broker, and not from those who call themselves brokers, handling client requests within themselves.

Our users often ask us, advise the best Forex broker, who to choose for trading.

Nowadays, progress in the brokerage services market has reached the point where it is very difficult to choose the best broker. You can choose by low or no commissions, by small spreads, by quantity financial instruments. But this is not the same...

Now many Forex brokers offer similar conditions, there is such competition that they are ready to offer you their money so that you can trade with them, in order to get you hooked on them.

What to do, how to choose the best broker?

Our network of sites has existed for almost 10 years, we have collaborated with all the Forex brokers we can, we know all the companies from the very beginning. Thousands of reviews, complaints and also positive information have passed through us.

Moreover, we have personal experience work with all major brokers. We have our own “trust list” of companies that we trust.

Probably the oldest and most reliable on our list - it will be broker InstaForex, it was always possible to work with this company for both us and our clients, there were controversial issues, sometimes InstaForex delayed payments, but these were “growing pains”, then, when the company got stronger, there were no problems with it at all, it essentially became best forex broker in the CIS area. InstaForex has several million clients around the world, and the reviews that write to us are ours personal reviews they say that the company is really the best, or one of the best, on the brokerage services market.

Next it’s worth mentioning Alpari broker. At first it was in the shadow of InstaForex, but the broker turned out to be serious, and now, we can say that in some ways it has even surpassed InstaForex. There is a feeling that this is a more conservative broker, that it did not have “growing pains” like InstaForex, there were no payment delays. The only negative is that it was more convenient for our clients to trade in InstaForex, there are more flexible trading conditions. But now Alpari rightfully occupies a place in the Top 3 best brokers Russia and the CIS countries, it has no serious disadvantages at all.

And we'll call the third broker Exness, this broker, as we already wrote, is probably the best for withdrawing money; on any day, at any hour, they will withdraw all your money without questions, checks and automatically, when you need it. Over the years of work at Exness there have never been any serious complaints. It’s hard to remember that we had a really negative review about this broker. The only negative is that this forex the broker does not yet have a license from the Central Bank of the Russian Federation, like Alpari and InstaForex, but we think that everything is still ahead. We recommend Exness if speed and efficiency are important to you, especially with regards to withdrawing funds from your account.

These are the best, in our opinion, forex brokers on the market today (March 2018). Be careful, work only through trusted companies!

Greetings, novice investors! I am sure that my review today will please many of you. I thought for a long time about what to devote this article to, and suddenly I realized that it is impossible for ordinary private investors to get into the stock market. In this regard, every single transaction on the stock exchange can be carried out only through professional intermediaries - brokers. It is for those who are already thinking about how to choose a broker and where it is better to open a brokerage account that this article was written. In it you will find the most important points, which all newcomers to the stock market need to pay attention to: starting from the criteria for assessing the reliability of an intermediary company and ending with the choice of a tariff plan. Sit back and get ready to gain invaluable knowledge!

Broker selection criteria

Today, finding a broker is not difficult - almost everyone large banks act as intermediaries and provide individuals access to exchange trading. These in our country include Sberbank, VTB 24, and Gazprombank. Please note that a real intermediary must have a brokerage license. You can check its availability on the Central Bank website , where you can download a list of current brokers. If the company you are interested in is on this list, then everything is in order and you can safely use its services.

Considering that the number of brokers that provide individuals with access to the stock market is growing literally by leaps and bounds, stock trading for beginners should begin with the choice of an intermediary. Since they are all, one way or another, similar, you can decide how to choose a broker on the stock market by analyzing the following selection criteria:

• reliability;
• tariff plan and the size of the commission;
• convenience and work comfort.

Well, now, let's talk about each of them in more detail.

Company reliability

I would like to immediately begin your training in brokerage business with the fact that the criterion of reliability is quite subjective indicator. Even the largest companies cannot always be reliable. However, I personally believe that the largest firms, market leaders, can be called reliable. To estimate the size of a brokerage company, just look at the number of its clients and the turnover of transactions on the stock exchange. I advise you to choose from the list of companies that are included in top brokers.

Tariffs and commissions

Broker commissions are one of the most important aspects that long-term investors should pay attention to. So, an annual commission of 1% over 10 years will reduce the profitability of your investments by as much as 10%. Most often, clients are offered to choose several options for tariff plans with different conditions, which depend on the volume of transactions, trading style and exchange sector. The commission may be fixed amount, or may be charged in the form of percent on the size of the transaction. The larger this amount, the less interest you will pay.

There are tariffs under which clients pay the contractually agreed amount monthly, regardless of whether any operations have been carried out or not. This option can be beneficial for those who make volume trades, since it is cheaper to pay fixed amounts rather than a percentage of the completed transaction.

When choosing an intermediary, be sure to find out:

All service fees

• What will your depository expenses;
• Will you need to do monthly or annual subscription fee;
• What is usage rate borrowed money (leverage);
• Commission amount when buying/selling shares.

What is the minimum deposit amount

What conditions does the broker provide for depositing and withdrawing money into your account?

• Number of deposit methods and their fees;
• % for bank transfer;
• Admission deadlines;
• Will you have to pay tax on the sale of shares, and in what form will client information be sent to the tax service?

For ease of comparison, I suggest you study an example of the company’s commissions Finam:

I would also like to note that before you open a brokerage account with the company you like, don’t be lazy to read Full description tariff, in which additional commissions may be hidden. So you may well be asked to fork out, for example, for maintaining an account when there is little trading activity on it.

Convenience and comfort

Personal experience

As for me, my experience began with the fact that I categorically refused to work with the Russian stock exchange. This is due to the fact that this market is one of the developing countries, and therefore much more unstable than its counterparts from the USA or Europe. Due to my ignorance of the domestic exchange, my search led me to a broker just2trade . I want to say right away that this intermediary is subsidiary Finama, and registered offshore in Cyprus. To start trading, you must have a minimum amount of 200 dollars. For each closed transaction you have to pay a commission of about 3.5 dollars. Per use credit funds Finam broker removes by 0,014% daily. Concerning insurance invoices, then on paper the amount of compensation is $50,000.

Perhaps the only factor in the reliability of this company can be considered its affiliation with Finam, which, in turn, is part of top 5 broker ratings stock market Russian Federation.

Open a brokerage account

Results

In this review, I have decided not to make any recommendations or advise you of a specific broker on the market valuable papers. I made this decision for one simple reason - I did not want my review to be of an advertising nature. I tried to be as objective as possible, shared own experience, and I really want you to make your own decision regarding which mediator to choose for yourself. Using all the above criteria, having studied reviews about brokerage companies, you can easily identify the leader among companies in a particular market. Be careful and careful in your choice. Have a successful and profitable transaction, and see you soon!

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