Forex Broker Review of the Best Forex Brokers Available Today
This forex broker review provides a wealth of information to help you find the perfect forex broker for your trading strategy. A forex broker can make or break a trading strategy. Severe order slippage, stop-hunting, wide bid/ask spreads, and even poor customer service can easily turn a profitable trading strategy into a losing one. That's why your forex broker is a key component in the building of your forex trading system. Choosing a broker should be based on thorough research and due diligence. There are several criteria you should use to evaluate the top forex broker for your forex trading system. These include whether or not they are regulated (how safe our your funds?), their trading platform, leverage provided, order execution, and the quality of their customer support. It will take some time researching and testing different brokers, but the effort is well worth it.
To help save you some of the legwork, you can read my forex broker review on what I consider two of the best forex brokers available today. Over the years, I have had trading accounts with many different brokers, including Gain Capital, Oanda, IBFX, FXCM, GallantFX, IamFX, and Alpari. In the end, I've found two brokers that excel above the others in most, if not all, the criteria used for evaluation.The Best of The Best Both brokers are members of their respective regulating body. Being fully regulated, this means your funds are safer with them than with non-regulated forex brokers. Also, both brokers offer some of the best customer support I've seen, which is very important...it's your money after all. You want a broker to treat your trading account with as much care as you do.
The best broker overall is AskOBid.
They are far superior to other brokers in terms of safety of funds, trade execution, customer support, and trader education. They also offer micro-lot trading, which is a low-risk approach to test new trading strategies. And with a minimum deposit requirement of only $100, they make forex trading accessible to just about everyone. Read my broker review of AskOBid to see why I consider it the best forex broker. If you're looking for the best forex brokerage firm for scalping strategies, then it's worth reading my broker review of MB Trading. This ECN broker offers some of the tightest trading spreads I've seen. In fact, I use MB Trading exclusively for all my automated trading software, with profitable results. Check out my live test of the popular FAP Turbo forex robot which I am running on a real money MB Trading account.
MB Trading
is also ranked by Barron's as one of the top online brokers, with an impressive rating of 4.5 out of 5 stars. MB Trading's community support outshines most other brokers. "MBT World" is a feature that provides traders with social-networking, webinars, and a Wiki that answers frequently asked questions. There is also a link to submit ideas that other traders can vote on. Forex Broker Comparison Chart After reading the reviews of both AskOBid and MB Trading, you might still have trouble deciding which broker is best for you. To make it easier, I created a chart that provides a quick side-by-side comparison of both brokers. See which broker is best for your forex trading system by studying this forex broker comparison chart. Take your time and really study this forex broker review. The broker you choose can make all the difference in determining whether your forex trading system makes money...or loses money. By the way, if you employ a binary option forex trading strategy, then you will benefit by reading my forex broker review of the best binary option brokers in the market today.
Rant or Rave About Your Forex Broker!
Got a forex broker you're really happy with? Or did you have one that could have qualified as the worst broker on the planet?
Well, here's your chance to tell us all the details! Your forex broker review will help great brokers gain the popularity they deserve, while keeping bad brokers from acquiring new victims (ahem, customers).
How Other Forex Traders Feel About Their Brokers...
Click on the links below to see what other forex traders have to say about their brokers.
Maybe you agree or disagree with them? Feel free to add your own comments to their reviews.
Investtechfx.com
    
(The following is a list of the twelve complaints filed against Investtechfx.com. For a more complete explanation, go to: http://www.100forexbrokers....
Tune Forex
Not rated yet
Pros
Fast and accurate execution many fast deposit and withdrawal options 25% bonus on every deposit (not only the first one) energies, metals and ...
XForex
Not rated yet
I was a victim of fraud committed by one of the Forex Companies called XForex which I think it is located in Cyprus (www.xforex.com) as I lost my Capital ...
Harbour FX
Not rated yet
Started using this broker only recently and found that the Expert Advisor strategy center was awesome. Really great addition to the site.
DCMforex.com
Not rated yet
Great service, great trade execution so far. The MT4 platform is super fast. Best I've used. All orders big and small instantly filled, no delays. They ...
GFT Forex
Not rated yet
Although there's no perfect FOREX broker that I've found, GFT Forex comes pretty close.
Good:
* Very good rollover rates (just a fractional pip ...
CMS FX
Not rated yet
There's no perfect broker. CMS' pluses and minuses:
Good:
* Absolute lowest rollover rates, approaching LIBOR rates.
* Accept credit cards,...
Forex.com (FOREX arm of Gain Capital)
Not rated yet
There's no perfect broker (as I often say), and Forex.com is no exception.
Good:
* Pays interest on free margin (up to 3%!).
* Accepts credit ...
PFG Best (pfgbest.com)
Not rated yet
There is no perfect broker and PFG is no exception.
Good:
* Fairly low rollover rates.
* Sell FX spot options (thru ikongm.com).
* CFTC ...
FXCM
Not rated yet
FXCM was my first forex broker and I traded with them for about 2 months, all the way until they decided to widen their spreads to over 10 pips on EURUSD....
FXClearing
Not rated yet
I researched a lot about them before I opened an account. There were some positives and negatives, but after trading with them during the past 6 months,...
Interactive Brokers
Not rated yet
I traded indexes with IB and was okay with it, but then I moved to trading forex and it was just a complete disaster. Their execution was just too sloppy....
Oanda
Not rated yet
I traded with Oanda for about a year, and everything was going within what I thought was acceptable limits, until I opened another broker's account and ...
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