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Forex Broker Reviews

More Forex Broker Reviews

Forex brokers are always changing to try to keep up with the proverbial Joneses and get more customers. That’s why we like to periodically check in and see how individual brokers are looking.

Here are a few forex broker reviews that should give you some viable options if you’re in the market for these services:

Dukascopy Review (not accepting US clients)

One of the top brokers on every list. Dukascopy is praised as one of the most solid and dependable out there. It’s an ECN forex broker and therefore charges a commission but it’s worth it because it means that they are not a market maker and pose no conflict of interest to the trader. Most traders are pleased with their ability to accommodate scalping as well as being comfortable with large accounts. They provide advanced technology that might be difficult to use at first, but with familiarity, the additional data is worth it.

Oanda Review

Another broker that appears close to the top of every list. Most Oanda clients are extremely satisfied with how tight their spreads are and how fast the execution is; you can include us on the satisfied list. The ease of transferring funds between accounts and ability to open accounts with other currency is also a client pleaser here. Some clients complain that Oanda trades against the client and hunt stop losses. Some Oanda clients also find their charts to be complicated, but for the most part this doesn’t seem to be a major issue in our view—good charts should be robust.

FXDD Review

FXDD clients find the charting exceptional. Trade execution is instantaneous. Customer service is outstanding. The spreads at FXDD are occasionally on the high side, but considering the quality of the FXDD platform in terms of trading execution, this is the price you pay. Expedient withdraws and deposits, those are other positives. Some clients of this broker claim that the system freezes up. We have not experienced this but home gamers with slower Internet connections could be in for a rocky ride in that respect.

FXCM Review

FXCM is a good broker for large accounts. It can be difficult to find a broker that is particularly trustworthy at handling large accounts. This is one of them. They also have instant execution, high leverage, and almost no slippage. Low spreads, no dealing desk, and great customer support. They also have no restrictions on entries, stop losses, or limit orders. FXCM treats its customers like grown-ups.

eToro Review

eToro clients, ForexCurrencyPro.com among them, are pleased with the rapidity of execution and tightness of spreads. There is only a one hundred dollar minimum deposit, which gives eToro a good following in the beginning forex trader community. The charts and analytics at eToro forex are exceptional. They also offer leverage of up to 400 to 1. There have been some complaints about the server at this broker and also about slippage. Read our full review of EToro here.

As Always, the Choice Is Yours

Ultimately it is up to you to determine which forex broker(s) you like and trust with your money. There are plenty more of them out there. These are just a few options.

Using an ECN forex broker is appealing to some people because the broker’s interest is not in conflict with the trader’s interest. The downside, which some traders don’t like, is that there is a commission. Personally we often like the idea of paying the commission to know that our gain is our broker’s gain, but this is really a matter of personal choice.

It’s important to find a broker that offers low spreads, instant execution, and sufficient leverage.

Other things to look for in a forex broker are customer service, ease of deposit and withdrawals, good charts and news, demo accounts, low minimum deposits, and compatibility with forex robots.

Reviews

Easy Forex  
eToroUSA  
Finexo  
Forex WebTrader  
ForexYard  

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