BusinessTrending

Traders Union’s Forex Brokers Comparison- March 2021

Best-brokers-for-forex-trading-2021

Hey, are you interested in the forex market and want to invest in forex trading, and want to make big money. So first you need a Broker who’ll do the exchange of currency for you. So here we bring you the Best forex brokers platform for march 2021, where you can easily place a trade like buying and selling.

You might be thinking about which are the best forex brokers and which are trending in 2021. We help you shortlist brokers by recommending the best forex broker based on factors including spreads, trading commission, leverage, reviews, customer support, range of markets, and currency pairs.

So here is the list of forex brokers comparison whom you should approach before start trading in the forex market.

  1. IG – This is the most trusted Broker in Forex
  2. Saxo Bank – Best for research
  3. CMC Markets – Best web platform, offer most currency pairs
  4. Interactive Brokers – Great for professionals and institutions
  5. TD Ameritrade FX – Excellent trading platform, operations limited to the US only
  6. Ally Invest – low-cost stockbroker, best for option trading
  7. Robinhood – easy-to-use interface, trade on cryptocurrencies
  8. FOREX.com – Great all-round offering
  9. eToro – Best copy trading platform

1. IG:-

IG provides an outstanding selection of trading platforms and tools. The functionality is widespread and serves traders of all experience levels. While IG also offers MetaTrader and premium MT4 add-ons from FX Blue, only 76 tradeable instruments are available. Official Site.

FeatureIG
Forex TradingYes
CFDs (Total)19537
Forex Pairs (Total)104
Cryptocurrency (Physical)No
Cryptocurrency (CFD)Yes
Social Trading / Copy-TradingYes
different investment products available to IG clients

2. Saxo Bank :-

Saxo Bank is a multi-asset broker that offers investors and traders a vast selection of more than 40,000 tradeable symbols. In addition to electronically-tradeable markets spanning nearly every asset, Saxo Bank offers spot FX, FX options, non-deliverable forwards (NDFs), Contracts for Difference (CFDs), stocks, stock options, Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), futures, and 33,000 bonds (available only via phone). Official site.

FeatureSaxo Bank
Forex TradingYes
CFDs (Total)9000
Forex Pairs (Total)170
Cryptocurrency (Physical)No
Cryptocurrency (CFD)No
Social Trading / Copy-TradingYes
different investment products available to IG clients

3. CMC Markets:-

CMC Markets is a globally trusted broker that delivers a terrific offering for traders thanks to excellent pricing, nearly 10,000 tradeable instruments, and the Next Generation trading platform, which comes packed with quality research, innovative trading tools, and powerful charting. Official site.

FeatureCMC Markets
Forex TradingYes
CFDs (Total)9852
Forex Pairs (Total)158
Cryptocurrency (Physical)No
Cryptocurrency (CFD)Yes
Social Trading / Copy-TradingYes
different investment products available to IG clients

4. Interactive Brokers:-

Interactive Brokers enables customers to trade from a vast selection of global financial markets, from stocks and options to futures and spot forex. In total, traders can access 125 market centers across 31 countries. Interactive Brokers is considered low-risk, with an overall Trust Score of 94 out of 99. Official site.

FeatureInteractive Brokers
Forex TradingYes
CFDs (Total)7400
Forex Pairs (Total)105
Cryptocurrency (Physical)No
Cryptocurrency (CFD)No
Social Trading / Copy-TradingNo
different investment products available to IG clients

5. TD Ameritrade FX:-

TD Ameritrade offers a range of tradable products, and currency really rounds out its portfolio. Currency traders are able to use the broker’s highly regarded Thinkorswim trading platform, and can also trade on a couple of mobile apps. Official site.

FeatureTD Ameritrade
Forex TradingYes
CFDs (Total)0
Forex Pairs (Total)73
Cryptocurrency (Physical)No
Cryptocurrency (CFD)No
Social Trading / Copy-TradingYes
different investment products available to IG clients

6. Ally Invest:-

Ally Invest is better known as a low-cost stockbroker, but currency trading really adds some breadth to its offerings. Ally is a good choice for traders just starting out, and it offers more than 80 currency pairs and easy-to-use charting software, including a mobile app. Official site.

Pricing: Spread

Maximum leverage: Up to 50:1

Currency options: More than 80 pairs

7. Robinhood:-

On Robinhood, clients can trade a range of cryptocurrencies, including some of the most popular. Tradable currencies include Bitcoin, Ethereum, Litecoin, and Dogecoin, among a total of seven types of cryptos. You’ll also be able to get quotes on 10 other digital currencies. Official site.

Read also:- Bitcoin Surpassed $34,000 For The First Time

8. FOREX.com:-

With a wide range of markets available, FOREX.com’s multi-asset offering shines the most on its flagship Advanced Trading (desktop) and Web Trading (browser) platforms. The products and services available to you at FOREX.com will depend on where you are located and the applicable entity that holds your account. e.g CFDs are not offered in the US due to regulations, while outside of the US, FOREX.com offers over 4,500 CFDs. Official site.

FeatureFOREX.com
Forex TradingYes
CFDs (Total)4500
Forex Pairs (Total)91
Cryptocurrency (Physical)No
Cryptocurrency (CFD)Yes
Social Trading / Copy-TradingNo
different investment products available to IG clients

9. eToro:-

eToro is easy-to-use copy-trading platform where traders can copy the trades of investors across over 2300 instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies.

For trading forex and CFDs, eToro is slightly pricier than most of its competitors, despite recently cutting spreads and introducing zero-dollar commissions for US stock trading. Also, eToro’s range of traditional research materials and tools is limited compared to its peers. Official site.

FeatureeToro
Forex TradingYes
CFDs (Total)2314
Forex Pairs (Total)47
Cryptocurrency (Physical)Yes
Cryptocurrency (CFD)Yes
Social Trading / Copy-TradingYes
different investment products available to IG clients

Regardless of which kind of broker you’re targeting, you’ve to focus on at least a few features that are common to any forex broker:

  1. Pricing
  2. Leverage
  3. Currency pairs
  4. Spreads

Source: https://tradersunion.com/

Piyush Pawar

With his good SEO skills and vast Technical knowledge, Piyush had a broad experience in content writing. He has good hands-on Technical and Non-Technical tools. Always motivated to share his knowledge through his writing and on Social Media platforms. https://www.instagram.com/piyuush_/?hl=en

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

2 + eight =

Back to top button
The Tech Infinite