Which Broker Has The Best Performance In 2018?

Trading forex is a complex field that there are some blur concepts that can confuse traders. So, make sure that you are clear from all the terms of the trading forex world before you can go further to make more profit not losses. The main terms about one broker that should be checked the most are trading cost, customer care and the reputation

First, top five best forex brokers 2018 that meet some certain criteria are

• Exness: 9/10
• HotForex: 8.5/10
• XM: 8/10
• FBS: 7.5/10
• FxPro: 7/10

Let’s analyze why these brokers are mentioned as the best brokers

The reputation

The reputation of one broker can be tested through the licenses they have. There are some famous organizations that provide licenses for brokers who qualify the required standards. Brokers who own the reputable licenses are more reliable because they can  make their clients believe that they are protected when some harm caused to their trading may happen. Therefore, licenses are very important for both traders and brokers. However, more licenses do not equal better the broker is. More than one or two licenses lead to less benefit, for example lower leverage; moreover, higher fees of spread and commission. You better find out what brokers are reliable now.

Top five brokers try to low down the fees for traders

Trading fees are normal in the trading business but traders need to consider it for the long term, if it will be piled up after a lot of executions. Therefore, traders should care about how much they cost for commission, minimum deposit and spread.

Minimum deposit

This amount is a big problem for starters who are not ready to lose a lot because they are in the training period so small deposit is more logical. Also, some traders love to explore about brokers’ trading platform. Both of these traders love to open accounts with small minimum deposit:

• Exness: $1
• FBS: $1
• Hotforex: $5
• XM: $5
• FxPro: $500

Spread

Traders would like the low spread in order to execute more and more orders, so they will not pay more for the spread finally. The spread is based on the difference between Bid and Ask price. Top lowest spread now:

• Exness: 0.7 pip
• Hotforex: 1.1 pip
• FBS: 1.1 pip
• XM: 1.7 pip
• FxPro: 1.7 pip

Commission

It is common that ECN account and regular account are two main kinds of accounts and ECN account is required with zero spread; therefore, the best ECN brokers 2018 have to charge the commission. Top lowest commission rate as below:

• Exness: $2.5
• Hotforex: $6
• FBS: $6
• XM: $6
• FxPro: $45

Client support

A lot of trouble and questions come around the trading way. Traders need a place to ask for help. Therefore, top forex brokers can satisfy their clients with the service. First, they have the local offices that serve clients in person to listen to their clients’ problems. Second, they support in a lot of language for Asian traders can speak and express their needs clearly. Finally, local payment helps to limit the charges for transferring process. The top five forex brokers can meet all the standards.

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