Top Forex Brokers Reviews 2011
Top forex brokers list introduces traders to some of the best forex brokers available in the markets today. Our review of the top forex brokers is based upon various factors such as our own trading experience with the forex brokers, real trader comments as well as other parameters we use to review the top forex brokers. In this article, we present a list of the top forex brokers who were carefully chosen based on their performance, forex trading criteria.
The top forex brokers list was put together based on the forex broker’s performance during this year of 2011.
While there are a number of forex websites that offer forex broker ratings, there are certain criteria to be considered in order to find out a dependable forex broker to trade with. Some of the criterion includes factors such as knowing about the minimum deposit required by the forex broker to open an account, the type of forex broker (ECN, Market Maker), what are the commissions charged and so on. Click here to read about how to choose a forex broker. Another factor to bear in mind is the type of forex trading platforms available with any of the top forex brokers.
Various traders have different needs, for example traders on the go might prefer to check their trading portfolio and open positions via their smartphone, thus requiring the need for a mobile forex trading platform while some traders prefer a web based forex trading platform.
Top Forex Brokers List
Below is a list of the top forex brokers that have been selected based on various parameters that we believe to be essential for a forex trader. The top forex brokers list is presented in an alphabetical order.
eToro Forex broker
Trading forex with eToro makes for a fun and exciting forex trading experience. With eToro, trading forex is no longer boring or serious. eToro’s innovative products such as the Openbook, CopyTrader makes it easy for even a complete forex beginner to get a feel of things. Whilst eToro’s forex trading platforms makes it comfortable for the most basic of forex traders, the trading platform is also well suited for the more advanced forex traders as well. eToro is one the top forex brokers with focus on customer support at eToro is considered to be one of the best and with the forex trading platform that is available in more than 10 different languages, anyone from across the globe can sign up with eToro and start trading forex. New traders at eToro get an incentive for trading, with bonuses up to $10,000. The above factors put together makes eToro one of the top forex brokers to trade with.
HotForex Forex broker
HotForex started off quite new just a few years ago and soon built up a reputation for itself as one of the best forex brokers to trade with. HotForex is an ECN, meaning that there are no re-quotes. Offering a sign up incentive of up to 50% on your first deposits, HotForex makes use of the MT4 forex trading platform and offers a variety of forex trading accounts starting from the mini accounts to the more advanced forex trading accounts. Being an ECN, HotForex also offers competitive variable spreads and is considered to be a preferred choice of destination for scalpers. Registered in Mauritius and regulated by the FSC, Hotforex is a credible forex broker to trade with and makes to our list of one of the top forex brokers.
SunbirdFx Forex broker
SunbirdFx is yet another ECN forex broker that has built up a reputation based on its superior trading platforms, impeccable customer support. SunbirdFx is a forex broker that is best suited for the intermediate to advanced forex traders and offers a variety of trading platforms to choose from. With SunbirdFx, not only individual forex traders but also money managers can sign up and trade directly or on behalf of their clients. SunbirdFx offers additional value added forex services that includes one free customized forex indicator service. So no matter what your trading style is, with SunbirdFx you can be sure to get a customized forex indicator service built just for you.
ThinkForex Forex broker
Licensed in New Zealand, ThinkForex is a fast growing popular ECN forex broker that is known for their fast execution speeds. ThinkForex focuses on providing the best forex trading experience for its clients and offers lucrative benefits such as free forex signals, free forex VPS located close to the liquidity providers and thus reducing on latency. Being an ECN, Thinkforex offers variable spreads which are known to be quite competitive when compared to the rest of the competition.
AtlasCapital Forex broker
ACFX is a Market Maker as well as offerinc ECN accounts. Atlas Capital Forex makes for a convenient forex broker from both beginners to advanced. ACFX offers various advantages and makes it an ideal forex trading broker for scalpers. With monthly trader contests, no commissions and competitive spreads, ACFX is a good choice for forex brokers looking for flexibility at the same time cautious about the spreads and intra day trading.
Trading with the top forex brokers
While there are lots of forex brokers online registered and operating from different countries across the world, not all forex brokers are made equal. This emphasizes the need for the forex trader to carefully scrutinize the forex broker in order to get the full picture before you create an account with any of the top forex brokers. For a full list of the top forex brokers read our forex broker reviews to gain an insight about the forex brokers.
It must be understood that the primary purpose of a forex broker is to support your trades thus providing the best possible deal. Along with this comes other aspects such as regulation, customer service, spreads, leverage and so on. Due to the fact that the financial markets are volatile, is it imperative that traders trade with one of the top forex brokers who besides being credible also help you to make the right trading decisions. This is enabled by features such as trade alerts, daily forex market news and so on usually offered by the top forex brokers. While choosing to trade with one of the top forex brokers, be sure that they offer the very best spreads or commissions possible.
Most new forex traders do not do their homework and end up getting disappointed, which is why we have put together this list of the top forex brokers to trade with. Besides the reputation, our list of the top forex brokers means that traders do not get scammed, which is quite rampant in the forex industry today.
The truth is that of the many of negative reviews often written about a forex broker is based on the fact that traders haven’t spent much time to learn the basics of forex trading, researching about the forex broker and even the lack of a proper trading strategy. This results in them feeling bitter especially when the trades don’t bring home the money. In conclusion, if you want to succeed in forex trading then it starts with trading forex with one of the top forex brokers.