Top 10 Forex Brokers – A review of the best forex brokers in the market for forex profits

Picking a forex broker can be one of the toughest decisions you are going to have to make as a trader as it will ultimately decide the method of trading that you use. Do you want high leverage? Do you want a chance to use demo accounts if you are a beginner? How often can you lift out your profits?
These are all questions that you should be asking if you want to profit with forex trading. Your broker can make or break you as a beginner trader and your experience will define whether you are a long term trader or one of the many thousands who try their hands and fail miserably due to bad management through your broker.
It is not always their fault you understand, brokers are there to make money too! Your job as a trader is to pick the best of them to trade with and so we are here to provide a little guidance in this area. I will tell you the Top 10 Forex brokers that I would recommend, those I have traded with; including those I would trade with again and those I would avoid! This is the list of the Top 10 Forex Brokers we have selected to help you gain forex profits.

1)         AVA FX

AVA FX is one of the most popular forex brokers that is currently in the market.  This forex broker provides a range of  benefits for forex traders including fixed spreads and 24 hour trading and support.  AVA FX allows you to trade dozens of currency pairs and metals and you can open an account with as little as $100.  Payment can be make via credit card, Paypal or Webmoney giving you as much flexibility as possible and you can withdraw instantly with an AVA Debit Card.

AVA FX provides all its clients with free advanced forex trading tools and daily exclusive institutional analysis, and offers certain accounts up to 200:1 leverage and no commissions or fees.

Open a forex trading account with AVA FX

2)         ETORO

ETORO is one of the simplest trading platforms which is why it is part of our Top 10 Forex Brokers List and can help beginner forex traders to trade the market efficiently, removing many of the pitfalls that are found with other forex brokers.  The company prides itself on creating a flexible trading platform that provide easy and fast access to the forex market, allowing you to trade from home, or on the go with its new social trading network called ‘OpenBook’.  This simple trading method will appeal to everyone from the beginner trader to the seasoned expert, proven in the 1.5 million clients that currently trade with ETORO.

Clients can log in to the social network and allow traders to interact with each other passing along investment ideas and tips whether through live chat or via the groups message boards there is an education for everyone.  You can even find expert traders and copy those traders with the best results based on their track record and risk profile.

ETORO will also help new traders to assess their risk, providing great tools such a pre-set leverage settings to help their clients calculate their risk and safe guard their investment.  The ‘Guardian Angel’ system provides real-time trading recommendations and advice based on the customers individual trading style and preferences.

You have the opportunity to learn and practice for free with ETORO with the many courses and a free practice account for every customer to assist you in making the right decisions before you begin to trade forex for real.  Every new traders will receive a virtual $10,000 allowing you to test the new found knowledge that you have gained from the site.

Make money with a forex account with ETORO

3)         Zulu trade

Zulutrade is one of the more modern and advanced forex brokers in the market today.  Zulutrade provides a mirrored trading system for its clients allowing you to pick from the best forex traders based on past performance and the number of pips they have gained.  This is a totally hands off system and is ideal for those traders who either do not have the time to trade for themselves or who are just looking for forex profits.

The system was created is response to a need to audit traders on a global level and at the same time, allowing all forex traders to share their knowledge and performance and have others sign up under them to advance their own knowledge.

You can test the Top 10 Forex Broker Zulutrade for 30 days on a demo account and follow your preferred traders allowing them to trade your virtual funds and gaining an idea of the forex profits that you will receive on a real account.

Open an automated trading account with Zulu Trade

4)         Plus 500

The PLUS 500 trading platform provides free time unlimited demo accounts to all its new clients, a useful tool in a forex world where many platforms curtail your demo activity.  The platform will allow you to trade with fixed spreads and no commissions and a leverage of 1:50.
Plus 500 provides all its clients with real time streaming quotes and advanced technical analysis allowing you to benefit from the market news as it happens. Traders can choose between forex currencies, CFD’s, Indices, Oil and a lot more and can fund their account from as little as £100 via credit card or wire transfer.

If you are a new customer to Plus 500 you will receive up to 30% bonus on your first deposit and a free £20 gift for trading.  The execution of trades is carried out in real time via quote fast and you will have access to the world’s financial markets in just a few clicks via this Top 10 Forex Broker.

Open an account and receive £100 with Plus 500

5)         Youtrade FX

Those who are looking to increase their forex profits should open a live account with Youtrade.  If you are not confident enough yet to trade your own money you can also open a demo account with a virtual $50,000 to spend.  Accounts include mini accounts, standard accounts and premium accounts so you are sure to find something that will suit your deposit amount and risk level

This trading platform is incredibly hassle free using the more advanced trading technology and services to help you manage your account.  Clients can make use of the various trading strategies that are provided by a team of expert traders and the trading forum to discuss your trading ideas openly.

Youtrade is an investment firm and internet brokerage and will allow you to trade CFD’s on stock, indices, commodities and currencies.  The company prides itself on maintaining long term relationships with their clients which is based on trust, corporate values and most importantly your success

Open an account with Youtrade now

6)         Finotec

With finotec you can have the flexibility to choose between five different trading platforms to suit your needs including Currenex, Sky, MT4, Fund manager Meta Trader and FIX API each one loaded with trading toolkits to help you gain forex profits.  The broker provides low spreads, one click market execution orders and real time charts to help you make money in the forex market.

If you are someone who is constantly on the go the SMS text alert system will allow you to never miss a trade and you can take comfort in knowing that this broker is FSA Regulated.
Finotec uses their network of leading banks to find you the best spread available at the time that you place your trade, ensuring that you never pay a higher spread than you need to.  In some cases you will even find 0 pip spreads, and lets face it where else have you seen that?
The fact that $20 billion is executed with Finotec every month allows them to get you the best possible pricing for your currency pairs and is one of the reasons why they are included in our Top 10 Forex Broker list.

Finotec has no dealing desk and automatically routes your trades to the banks, allowing them to state that they have no conflict of interest with their clients.  They use the most modern of algorithms to get you the price you requested in 95% of the clicks that you make.

Users can open a Forex Demo Account and practice trading with virtual money and they can also open a Forex Mini Account with as little as $200. All client funds are deposited with highly respected financial institutions and leading international banks.

7)         Forex Metal

Forex-Metal.com provides services which allow customers to trade on Forex and CFD online and have very competitive trading conditions including 0% commission on forex trading.  As a newbie you can have an account with a 1:200 leverage but with a balance up to $500 you can trade with a leverage of 1:500!
The service is immensely quick with instant execution of trading orders and the ability to trade all instruments from one single account.  If you get stuck you can always take advantage of their professional team with years of experience.
MetaTrader 4 is the best platform for Forex and CFD trading available today on the market and Forex Metal provides this service to its clients including multilingual interface that supports English, Russian, German, French, Chinese (simplified), Japanese, Indonesian and other languages, unlimited charts, real time datafeeds and news, internal e-mail, complete printable transactions statements and export facility, trading actions and system signals and of course has the usual technical analysis indicators and tools including mobile trading access for PDA.

Open a 0% commission trading account with Forex Metal

8)         ACFX

AtlastCapital is a member of the AtlasGroup and was incorporated in October 2007.  The AtlasGroup has over 20 years experience in investments and commercial banking and well as real estate investments.

ACFX offers a wide range of solutions for your trading needs including trading execution and STP solution for trading through Metatrader 4 platform and can provide spreads as low as 2 pips.
The benefits of trading with this member of the Top 10 forex brokers is the micro accounts, swap free (Islamic) accounts, Metatrader trading platform, Leverage up to 1:500, 57 currency pairs including exotic currency pairs, accounts in 6 currencies and multi-lingual 24/5 online support.

The fact that new traders can open an account for as little as $50 should allow you to dip your toe in the forex water and should you need support from ACFX they have a 24/5 service via phone, live chat and email.

If you are not sure about opening a live account with your own money you can open a demo account for free with $50,000 of virtual funds to test your forex strategies.  This forex broker also includes automated trading accounts and various expert advisors if you simply do not have the time to trade for yourself.
ACFX provides up to the minute forex news and free analysis of the news as it comes in.

Open a forex trading account with ACFX

9)          Instaforex

It is often claimed that Instaforex is the best broker in Asia and certainly looking at some of the options and benefits available it would be hard to disagree!  This Top 10 Forex Broker allows you to work with 107 currency tools, 34 CFD contracts on American shares as well as gold transactions and ECN Broker services.  Instaforex provides competitive and effective spreads for each of the tools and tries to make this element of your trading the most comfortable it could be.

Regardless of the size of your deposit, Instaforex will work with you to provide you a trading account to suit your needs, whether you have $10 – $10,000, you can actively work on increasing your forex profits.

You can have the freedom to choose any leverage from 1:1 up to 1:1000 depending on the risk management strategy you use when trading.  If you are a long term trader who abides by conservatism when it comes to capital management, then 1:100 leverage is for you. But if you are an aggressive type of daytime trader, then a 1:1000 leverage may become an irresistible urge!

You can also trade on Instaforex without a spread, which makes the trading process easier to understand visually and the use of technical analysis more effective in decision making.  Claiming to be the best in Asiahas its benefits for its clients as the swap rates are amongst some of the most competitive we have seen, with an equal swap system with buy and sell deals with the company receiving no commission for the swap and as a result the client does not over pay.

Technical support is available to you 24/7 and this includes those who are trading on a demo account, Instaforex has a great reputation for its customer care and its specialists analyze brokerage service markets and do their best to react to upcoming trends.

InstaForex Company offers its clients to get the Welcome Bonus to the trading account. The Welcome Bonuses’ line from InstaForex Company is divided into two types: fixed bonus and floating bonus. To receive the fixed Welcome Bonus (30/110/200/1000/5000 USD) you need to activate your trading account’s depositing. The floating Welcome Bonuses are added according to the replenishment of the balance through the payment systems, which are included in InstaForex Company’s listing. The floating Welcome Bonus in InstaForex Company equals to 30% regardless of the payment system.

Open an account with the Best Forex Broker in Asia – Instaforex

10)       Easy Forex

Easy Forex have been around for almost as long as the forex market!  They have analysed that different traders have different needs and wants and they continue to evolve to ensure that their traders trade in a safe, informed and supported environment.

They have the largest community group on Facebook, running competitions, analysing market reports and holding conversations that are relevant to all levels of traders and are also prolific users of Twitter, tweeting messages directly from their dealing room.

You can open an account with Easy Forex for as little as $25 and they have made the sign up process as simple as possible with just two steps and a multitude of ways to pay (including using your credit card)

For those who are new to forex trader and require a mentor of sorts, this is provided by way of your personal Account Service Manager who will provide one to one training in whatever language you speak.

Those who are more experienced traders get great service and professional market insights from their Personal Dealer.

You can choose to trade via the web, on your desktop, smart phone, iPhone or PDA you can choose which platform to suit your needs. With your one trading account, you can trade on all the platforms.

Easy Forex also offer a fixed spread on your account so no matter what the market is doing you won’t be punished for it, all you will pay are spreads and rolling fees, no commissions on deposits or withdrawals.

Whether you’re starting out or an advanced trader, you’ll benefit from the comprehensive online video education course provided by this Top 10 Forex Broker. You can sharpen your trading skills on the no obligation Trade Simulator or get a free $100,000 Demo Account giving you access to all the platforms and trading services.

Open an account with Easy Forex and increase your forex profits