Forex trading reviews 2021
They always process all my withdrawals on time. Services are efficient and people are very professional.
New forex bonuses
Investlite bruno 19 january, 2021 reply
Forex broker reviews — forex comments 2021
All forex brokers with reviews
No issues with any of the services. Highly commendable broker company.
Investment center ralph sankt 21 january, 2021 reply
Signals and services works well for me. I gain decent profit.
Nixse kristin meier 21 january, 2021 reply
Good customer service. They always call to give some updates and to make sure I was able to read their emails. These is very important to me. I never had to missed out any important market forecast.
Kiplar stephan reiniger 21 january, 2021 reply
Who said you can't have trading platforms, and trading analysis tools too? In fact, at excentral, we believe you can't really have one without the other, which is why all your fundamental and technical analysis tools are available for free (even with no registration needed). So get your trading started the right way, by checking all the upcoming economic events and releases, double-checking your calculations and seeing what charts, indicators and analysts are anticipating. Did we mention it's free?
I started my trading career by placing small trades. What I am happy about is that I get the same level of help and attention up to this time. They are very helpful and attentive regardless if the trades are big or small.
Aussietrust luca wagner 21 january, 2021 reply
I didn't expect to have such good results after only 6 months of trading. After a little adjustment period, it's been going really well. I've made quite a few hefty withdrawals.
Roinvesting spencer 21 january, 2021 reply
24 option is SCAM please dont beleive them, they are fraudulent.
24option dana 20 january, 2021 reply
I initially thought that it was only me but after reading host of other replies I find that this broker should be punished by FCA for irregularities. First they claim to do instant deposits which 80% of the time work but the 20% when you need them most they dont work. I have made a deposit on jan 12th and it has still not reached my account. Mail after mail they ask me to send proofs which I do but this rubbish support does not respond properly and give standard replies. 2nd deposit was made today using neteller and that too has not reached my account. Another thing i noticed with this scam broker with whom i am trading since 10 yrs is they suddenly increase the spreads to as much as they want between 10:30 pm to 12:30 am GMT everyday. FCA please audit them
Exness nachiket 20 january, 2021 reply
This is my favourite trading platform. The broker is user-friendly and provides professional customer support. I can recommend roinvesting for everyone who wants to get a positive trading experience.
Roinvesting marius 20 january, 2021 reply
I've recently signed up with olymp trade. I did it solely to try fixed-time trading. I have never tried anything like this, while I'm always open for new things. Previously I traded forex only. Now I trade fixed-time as*sets and I like this specific format. I like that I can make trades very fast, even for less than a minute.
Olymp trade cristian jaso 20 january, 2021 reply
I am using their trading tools and signals for about six months and so far I am fully satisfied with my trading results. I will sure recommend and will keep this broker service.
Kiplar patrick rochefort 20 january, 2021 reply
They always process all my withdrawals on time. Services are efficient and people are very professional.
Investment center crescent lamy 20 january, 2021 reply
They are one of my favorite brokers because of good signals and fast withdrawal process. I will definitely keep them as my forex broker.
Nixse brigitte davignon 20 january, 2021 reply
Easy and quick withdrawal of funds. They are easy to deal with and all transactions are smoothly processed.
Finmarket saber achin 20 january, 2021 reply
HF affiliates is one of the leading partnership programs in the industry featuring competitive commissions, marketing tools and exceptional support. With the best commission structure and tailor-made products, we can help you achieve your expectations with high revenue share, multi-tier affiliate tracking system, no set-up fees to join and an auto-rebate system.
Friendly customer service. They always turn concerns to positive experience.
Aussietrust belisarda jacques 20 january, 2021 reply
Overall I'm satisfied with this company's services. Although I wish withdrawals went through quicker because I'm an impatient person, it's not such a big issue. Apart from that, I have nothing to complain about.
Investlite lara hart 20 january, 2021 reply
I'm happy with the quality of services and reliability of this broker. Customer support really tries hard to help customers.
101investing jonah P. 20 january, 2021 reply
How long take for withdrawing complete?
FBS joel 19 january, 2021 reply
Instaforex is fraud in bonus because they are not telling people before giving bonus what is the terms of conditions of bonus.
Instaforex safdar abbas 19 january, 2021 reply
Hello, we kindly suggest you read the term of the agreement bonus. All users can read it to learn all the conditions and there are no secret rules. And when you have some uncertainties you can always ask the support service if it is needed. The base of bonus systems is lying in learning and meeting our company for newcomers. It is just a pleasant bonus and only one of the many.
Instaforex 21 january, 2021
I have only been working with this broker for a couple of months, but have already earned almost $ 400. Excellent result. But I had trading experience before. I recommend that beginners learn more and trade carefully.
Investlite john bird 19 january, 2021 reply
Investlite has really top quality services. I like the way they approach their clients.
Investlite bruno 19 january, 2021 reply
101investing is perfect. They have the best trading conditions and a solid customer support.
101investing abraham 19 january, 2021 reply
I like how this broker conducts business and treats its customers. Really good and reliable company.
101investing hugh 19 january, 2021 reply
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It's a top broker for me. I trust this company because it's regulated and really takes care of its customers. Everything works smoothly.
Investlite billy 19 january, 2021 reply
Hftrading is great platform in new zealand to trade forex. Broker provides me with opportunity to trade more than 100 currency pairs. I'm glad that I always have choice and opportunity to earn. On hftrading platform I make 50$-80$ a week. Nice for additional income for me.
Hftrading michael 19 january, 2021 reply
Investlite is a relatively new platform for me, but the quality of service they provide is great. If this was the first broker I tried trading with, I would probably stick with it.
Investlite eveline 19 january, 2021 reply
I'm currently with everfx and have been for just over a week. It's nothing but stress. They hustle you to deposit as much money as possible and don't explain anything to you! They've taken advantage of me because i'm an inexperienced investor wanting to start fresh in life after the pandemic is over. My account manager has not explained to me what certain things mean or given me any warning of responsibilities i might have with my account (margin call). He just got me on board as quick as possible. I really thought that i was smarter than this. It's only now i've realised how much pain this broker is going to cause in the next few days. I'm most likely going to leave with nothing. I worked so hard for the money that i saved and now i have to say goodbye to it. To anyone reading this, always do your research before signing up to a firm. I was very naive.
Everfx L.D. 19 january, 2021 reply
Fxpro has everything you need as a trader. The trading conditions are acceptable and the spreads are fine. And the broker is reliable.
Fxpro sam 18 january, 2021 reply
I like to scalp with this broker. For five years of working in the financial markets, I have tried a great number of trading styles. But the thing I like most is scalping. I know that many people can't stand scalping because it puts a big psychological pressure on traders. Well, I can't deny this fact. It's really so. However, I don't see a tragedy here. Stress is a normal thing in trading. You can't totally exclude it just like you can't 100% suppress your fear because it's a natural feeling. All you need to do is to trade as frequently as possible and soon you will get used to your stress. As a result, you will not be frightened by scalping. Fxpro attracted me as a good broker for scalpers. I opened a ctrader account with the broker just to enjoy tight spreads (0,37). With low spreads, it's much easier to earn when scalping. You will see it with your own eyes once you start scalping.
Fxpro benjamin clerc 18 january, 2021 reply
I trade in 101investing in gold and silver transactions. There are no hidden fees and a wide section with financial tools.
101investing grace 18 january, 2021 reply
I'm happy with the quality of service by 101investing, I used to work with other brokers but now I completely switched to this one. Really nice mobile app as well!
101investing regan 18 january, 2021 reply
Forex rating presents you forex broker reviews based on customers' individual trading experience. The most useful reviews have been left by traders who have a real account with a certain broker. We provide you access to this data thus offering a great advantage for beginners and experienced traders because it's really hard to choose a perfect broker. But if you investigate this information properly, it can facilitate the task of selection the right forex broker.
It's an ideal variant for you to examine forex reviews we have published in our rating before making the final decision. While evaluating top forex companies we conducted a serious research to avoid fraud and scams in the brokers' list. You can fully rely on the forex brokers review about each particular participant and be sure that it was written impartially by a real trader. That's why we strongly recommend you examine reviews while choosing among lots of various intermediaries acting on the foreign exchange market.
We value our customers and want them to avoid any risks. To do this we provide monthly voting results summarizing all the "for" and "against" voting percentages in one list. Voting results are unbiased and every registered user may leave an opinion about any forex broker from the list. It is important to make a right choice when it comes to selecting a reliable broker; reviews of forex companies cannot be underestimated for this purpose. It is difficult to underestimate the opportunity you have here on the site: you get acknowledged with the latest and hottest comments of the fellow traders who reveal essential details of their good and bad trading experience with certain brokers. Forex-ratings.Com team does not necessarily share all the featured opinions, but we stand firm on a position that everyone who wants to be heard should be heard.
Chances are, some of the cases described by our site visitors are not really based on facts that can be proven. But, regardless of this, we consider that the main target of any forex broker review is to ease other traders' life in forex helping them avoid mistakes already made by somebody else. Any individual who is new to our site is welcomed to throw away the uncertainty and write their own reviews on forex brokers here. Remember: the more cases on fx trading are outspoken, the more objectivity in the foreign exchange market world is attained.
Top 10 forex brokers 2021
The estimated trading volume of the foreign exchange (forex) market stands at $6.6 trillion, a figure that exceeds even the volume traded across all stock markets.
The year 2020 is gone, but the problems it has brought upon the world and all of the major forex markets will linger in 2021 as the COVID-10 pandemic is far from.
HF affiliates is one of the leading partnership programs in the industry featuring competitive commissions, marketing tools and exceptional support. With the best commission structure and tailor-made products, we can help you achieve your expectations with high revenue share, multi-tier affiliate tracking system, no set-up fees to join and an auto-rebate system.
As many of you know, the foreign currency markets are open for trading 24/5, which makes it very hard for a human to keep track of everything that's going.
A combination of supporting factors pushed AUD/USD higher for the third straight session. The prevalent risk-on environment weighed on the safe-haven USD.
USD/CHF oscillated in a range below 0.8900 mark through the early european session. The upbeat market mood undermined the safe-haven CHF and extended some support.
Now, when you open a moneta markets live account, you'll get an extra 50% trading bonus whenâ you deposit $500 or more! Take advantage of 300+ tradable instruments and start trading with moneta markets.
Bitcoin (BTC) slid under $33,000 for the first time in over a week on jan. 21 as selling pressure gathered to drive price action lower. Data from cointelegraph.
Besides bitcoin and ethereum, ripple or XRP is another cryptocurrency that deserves to be considered for investing. In many minds, ripple is a digital asset.
Global stocks hit an all-time high early thursday on optimism that the new US administration will take bold steps in reviving growth and speed up vaccine distribution.
Given the worsening virus situation across the globe and slow vaccine roll out due to supply constraints we are still wary of risk sentiment. If the new virus.
Are you an ambitious, venture trader with a strong interest in foreign exchange trading? Read this article to get a better understanding of strong and weak currency.
Forex trading trends in 2021
Foreign exchange, or forex, is the largest financial market in the world. Yet trading is tough with just a few major wins among many more small losses, which means it is not a scenario for getting rich quickly. This requires discipline and planning. Many fail in forex trading as they allow emotions to get in the way of trading decisions and go off-plan with regards to risk management and expected return on investment.
More millennials and gen-Z start forex trading
It is expected that established fintech brands will target millennials and gen-Z who want to get into forex trading. Being so familiar with technological advancements and investment opportunities offered online, they are more willing to invest in forex and make the most of any forex deposit bonus on offer from reputable agencies. Forex is only one sort of investment that millennials and gen-Z are likely to take up in 2021, with hedge funds, commodities and private equity likely to see more interest from this demographic.
Trading apps
There are many trading apps available to help with amateurs begin forex trading. These apps are one of the trends expected to increase in 2021, supporting new traders, in particular, to stick with a trading strategy without risking more capital than is necessary. This means providing customers with signals and trading ideas that can guide trading in the forex markets. The best apps offer help to help successful trading. The developers of the best apps may also provide online courses focused on finance and trading.
The pandemic will remain a major factor
The foreign exchange market was heavily impacted by the coronavirus pandemic in 2020 and is likely to be a major factor in 2021, creating continued volatility relating to the control of covid-19, though rather than suggesting austerity, policymakers are currently discussing growth and inflation to drive down public debt burdens.
The pressure on the US dollar remains strong, and the expectation is that it could fall by another five or 10 per cent, though not to the levels seen in 2008 when the US dollar index touched the 71 level since US president biden is expected to return to a rules-based international order with more balanced global growth.
The australian dollar ended 2020 strong and is safe thanks to interest rates here and in most developed countries that are expected to be low for several years and though relations with china have been strained, this should not be significant to forex trading.
The UK pound is under pressure due to the UK’s struggle to contain the new variant coronavirus which may put additional pressure on the country’s economy. The economic impact of brexit is unclear, though the risk of a no-deal brexit was averted. Overall, the UK is still facing the possibility for a double-dip recession in the winter or 2020/21 due to increased lockdown measures and slower recovery rates challenging the first half of 2021.
Like the UK, canada is also suffering from a second wave of coronavirus although the situation did stabilise in december, and currently, the outlook for the canadian dollar looks favourable.
The pandemic provided significant support for the euro as traders turned focused on problems of the US dollar. The euro is expected to move higher, and the european central bank’s powers to halt this is limited, so forex traders expect new highs in EUR/USD at the start of 2021.
Carry trades a new normal
A carry trade in forex is when a trader looks for a profit from an interest rate differential between the two currencies within a forex pair. It can be very profitable to hold a position overnight and profit from the difference between rates via swaps paid into your account by your forex broker. However, finding variations in rates has become a lot harder due to the ongoing pandemic and a global recession with even the traditionally conservative central banks of australia and new zealand bottomed out at, or near, zero. However, it is still possible with exotics such as the notoriously volatile south african rand, mexican peso and brazilian real with currency pairs featuring USD, EUR and even JPY variations, but the risks are much higher.
Cloud-based e-FX platforms
Cloud-based forex trading platforms will likely become the new normal since they offer reduced costs, flexible design, high reliability and extremely low latency which is ideal in a constantly evolving market, with regards to regulation, specific products as well as actual market conditions.
Cloud-based systems offer enough flexibility that the cloud can be customised to match requirements, including the handling of thousands of datasets including FX data. With forex traders generally working from home, connections with other traders and broker information have been managed in the cloud to distribute details remotely with efficiency.
Forex trading trends in 2021
Foreign exchange, or forex, is the largest financial market in the world. Yet trading is tough with just a few major wins among many more small losses, which means it is not a scenario for getting rich quickly. This requires discipline and planning. Many fail in forex trading as they allow emotions to get in the way of trading decisions and go off-plan with regards to risk management and expected return on investment.
More millennials and gen-Z start forex trading
It is expected that established fintech brands will target millennials and gen-Z who want to get into forex trading. Being so familiar with technological advancements and investment opportunities offered online, they are more willing to invest in forex and make the most of any forex deposit bonus on offer from reputable agencies. Forex is only one sort of investment that millennials and gen-Z are likely to take up in 2021, with hedge funds, commodities and private equity likely to see more interest from this demographic.
Trading apps
There are many trading apps available to help with amateurs begin forex trading. These apps are one of the trends expected to increase in 2021, supporting new traders, in particular, to stick with a trading strategy without risking more capital than is necessary. This means providing customers with signals and trading ideas that can guide trading in the forex markets. The best apps offer help to help successful trading. The developers of the best apps may also provide online courses focused on finance and trading.
The pandemic will remain a major factor
The foreign exchange market was heavily impacted by the coronavirus pandemic in 2020 and is likely to be a major factor in 2021, creating continued volatility relating to the control of covid-19, though rather than suggesting austerity, policymakers are currently discussing growth and inflation to drive down public debt burdens.
The pressure on the US dollar remains strong, and the expectation is that it could fall by another five or 10 per cent, though not to the levels seen in 2008 when the US dollar index touched the 71 level since US president biden is expected to return to a rules-based international order with more balanced global growth.
The australian dollar ended 2020 strong and is safe thanks to interest rates here and in most developed countries that are expected to be low for several years and though relations with china have been strained, this should not be significant to forex trading.
The UK pound is under pressure due to the UK’s struggle to contain the new variant coronavirus which may put additional pressure on the country’s economy. The economic impact of brexit is unclear, though the risk of a no-deal brexit was averted. Overall, the UK is still facing the possibility for a double-dip recession in the winter or 2020/21 due to increased lockdown measures and slower recovery rates challenging the first half of 2021.
Like the UK, canada is also suffering from a second wave of coronavirus although the situation did stabilise in december, and currently, the outlook for the canadian dollar looks favourable.
The pandemic provided significant support for the euro as traders turned focused on problems of the US dollar. The euro is expected to move higher, and the european central bank’s powers to halt this is limited, so forex traders expect new highs in EUR/USD at the start of 2021.
Carry trades a new normal
A carry trade in forex is when a trader looks for a profit from an interest rate differential between the two currencies within a forex pair. It can be very profitable to hold a position overnight and profit from the difference between rates via swaps paid into your account by your forex broker. However, finding variations in rates has become a lot harder due to the ongoing pandemic and a global recession with even the traditionally conservative central banks of australia and new zealand bottomed out at, or near, zero. However, it is still possible with exotics such as the notoriously volatile south african rand, mexican peso and brazilian real with currency pairs featuring USD, EUR and even JPY variations, but the risks are much higher.
Cloud-based e-FX platforms
Cloud-based forex trading platforms will likely become the new normal since they offer reduced costs, flexible design, high reliability and extremely low latency which is ideal in a constantly evolving market, with regards to regulation, specific products as well as actual market conditions.
Cloud-based systems offer enough flexibility that the cloud can be customised to match requirements, including the handling of thousands of datasets including FX data. With forex traders generally working from home, connections with other traders and broker information have been managed in the cloud to distribute details remotely with efficiency.
Best forex brokers for 2021
Reviews of online forex brokers
Forex brokers are vital for both retail and institutional forex traders success and it’s also very important to trade using a reliable trading platform. Forex trading is not restricted to professional traders or a few specially chosen people in the market. And top rated FX brokers are able to cater to a wide variety of needs, beginners and amateurs included. All forex brokers, both good and bad, are free to be used by any trader, regardless of their experience, budget, or type of investment.
The way to find the best and most reliable forex brokers is to find good resources for honest opinion and trading experience in order to take good and bad brokerage apart. In this section we collect all online forex trading companies in one big list with their details rated and discussed. Finding the reliable broker to trade with is not so difficult anywhere because with the right knowledge you can filter out the bad seeds out of the top rated forex brokers in the fx industry in the matter of seconds. The agenda in this section is to bring awareness about all types of forex brokers in the industry, compare their trading conditions to generally accepted standard of good conduct among such firms and choose best forex brokers to trade with for both experienced an beginner traders today. Within the following list you can find platforms that are scam, along side with recommended and highly reputable brokerages.
How do we decide which ones are best forex sites in 2021 and which ones are fraud
The main agenda for this resource has always been to provide a reliable forex trading broker guide. There are just too many firms offering their services and without proper guidance it is almost impossible to figure out who is playing by the rules, and which one is scamming their customers. At the first glance, most brokers look reliable and attractive, however in some cases after trying out the platform, checking out the features, researching about each and every broker, receiving feedbacks from real traders, you can filter the top forex brokers from the bad apples.
We are a team of experienced traders with over 10 years of experience in the industry. We have seen it all, traded with many, got burned by rotten forex brokers, profited with the secure ones. Our experts of traders have the right set of mind and understanding of the industry in order to identify and rate the available material and present it to the public.
As we rate all of the listed forex trading broker, we make sure to research about their reputation among other traders online. We need the real comments and feedback from people who have experience with the platforms in order to create reliable information for those who seek genuine reviews. We collect the general information, verify the facts listed on each brokers' website, follow up with the customers who have traded or are currently using each and every broker.
At the end we have this section of review forex brokers from various countries including US, UK, australia, france, germany, south africa, india, cyprus, spain and more. This is an ultimate guide and hand-picked collection of information and rating from our team of experts and other traders like yourself, so make a best use of it!
If you have experience with any of the listed online brokers below, please leave your own forex broker review to grow the awareness and help other traders to make the right choice.
Importance and purpose of forex broker reviews and how we review forex trading companies listed here
Forex brokers reviews are created to list down the performance, level of trust, customer satisfaction and overall grade of a broker. In order to make proper assessment of the available information you get from the websites, feedbacks, forums and social media, you have to understand the industry and the market really well. In other words, you have to be an experienced trader with significant amount of trading hours to support your claims and expectations.
At forex explore we stand by fairness and unbiased forex broker rating and opinion. Each review consists of not only the advantages of each broker but reviews negative points and the lack of certain features you would expect a forex trading broker to have. We make sure to follow forex review checklist with every broker in question to create quality information for our viewers and reliable resource of brokers yellow pages of a sort.
All of the available forex trading brokers reviews are conducted by expert traders and market reviewers who are strongly involved in currency market for many years. Our overall experience in trading and investment gives us over the top understanding of how brokers should do business and what information is relevant when it comes to choosing the best forex broker in the industry today for forex or bitcoin crypto trading.
The best forex brokers – how to select A top rated forex broker from the database
Whether you are searching for reliable forex broker or your prime agenda is to analyse a complete list of all the top rated trading brokers available today online - the task to too great and time consuming to do it on your own from the very beginning. There are just way too many brokers governing the internet at this point.
For a complete beginner in the currency trading, this can be a huge turn off. While you still don't have proper knowledge and experience to determine whether the broker is good or scam. Therefore the following section is a deal come true, because here you can find all that broker review pros and cons you have been searching for to help you investigate and choose the right brokerage from the huge bunch.
Best forex brokers
Let's make that confusion go away and state the obvious - here are the best forex brokers in the world:
- Octafx - best overall, most trusted
- XM - best web platform, research and wordwide seminars
- Liteforex - great all-around, low costs
- Avatrade - great customer service, easy to use platform
Why low cost forex brokers are a great choice?
First of all, let's try to understand what low costs mean when it comes to trading online. There is the obvious - spread - and you want to find the lowest option possible on the currency pair you trade. What happens when you are offered with either fixed spreads or variable spreads? How do you compare the two and decide? Fixed spread is pretty obvious and includes commissions per each lot traded, so here you have to find a broker that has low fixed spreads plus cheap commissions. In case of variable spreads, you don't want to trade with a broker that has crazy wide spreads which can wipe your account clean in one blink of an eye.
Then comes not so obvious - all sorts of execution policies and requirements within the brokerage terms and conditions, such as slippage and rejections. Some brokers are not what they seem like, aka market makers, where you basically trade against the broker. This is not something you want to get involved with because broker is earning money on your losses. You got the picture, didn't you!?
Best forex trading platforms
Forex trading platforms are your link and necessity towards online currency market. No matter what your trading plan is, how many currency pairs you choose to get involved with, what is your financial situation - your selected platform will effect you and your trading experience every single day. You want to choose a forex trading platform with awesome analytical tools, advanced but easy to read charts, various versions to work both on desktop, web and mobile, so you can access your trading account any time, any where.
We have tested and reviewed over 300 forex brokers and while there are various trading platforms out there, metatrader 4 and 5 are still majorly outstanding when it comes to performance, innovation, analysis and features. It might not be a simple as your toddler's toy phone, and yes you will have to master it to make the best out of it. All in all, a great platform must provide traders with solutions during the trading hours.
How to choose a forex broker in 2021?
There are ranking factors involved in choosing a forex broker and it is used by many traders to define an ultimate brokerage firms. Obviously not all traders seek the same thing, hence there is still the element of choosing what you want, however there are basic factors which you have to take under consideration and below we have listed them for you.
1. Spreads and commissions
Spreads is what the broker gets paid with. At the same time, lower spreads means more profits for traders, and less risky trading experience.Today brokers compete with each other through spreads they offer because this is one of the important factors when choosing one. Reduced spreads are what you have to aim for.
Leverage in forex is what makes trading interesting. Keep in mind that US brokers suffered a major blow by the commodities and futures trading commission (CFTC) when it reduced the maximum leverage to 1:30 from leverage up to 1:500. This has significantly altered the margin requirements and made the whole trading experience mediocre.
On the bright side, some offshore brokers outside CFTC regulatory claws, continue to offer high leverages and attract many traders. Some of the UK/EU brokers have also opened international divisions allowing traders to move to international account and explore the perks of maximum leverage. Overall, you can now go for low leverage brokers, or find the ones that offer high leverage. The choice is yours.
Regulation is definitely one of the important ranking factors when you choose a broker. Regulation keeps brokerages at bay with various requirements and security demands. Within our reviews of the brokers on this site, we make sure to mention whether the broker is regulated or not and by which regulatory body. This way you can make a decision without doubt.
4. Trading resources and educational material
Trading resources could be extremely valuable to a new trader. Daily market analysis, tips, commentary on major currency pairs, seminars, webinars and mentoring. It is a big plus when the broker is strongly involved in supporting the traders with market analysis, news and trading tutorials.
We put major emphasis on payment options offered by each broker because there is literally nothing more annoying than unable to fund and withdraw money at ease. In our reviews we favor brokers with various payment options including online ewallets such as skrill, neteller, paypal and more.
Customer support must be available at all times with technical and fundamental knowledge of platform and forex trading. Social media channels such as facebook, twitter and even whatsapp and telegram should be included within the options of communication of a reputable broker. The bottom line is that you have to be able to get your answers within minutes.OUR LIST OF FOREX BROKERS
The list below features best forex brokers selected by traders and reviewed by our team of experienced traders for 2021 year. We have ranked the brokers based on their performance and factors mentioned above and more. In this list, you will find many brokers that are offshore brokerages with high leverage, EU/UK brokerages with various payment methods, metatrader 4 and MT 5 platforms and web-based options, various minimum deposits and more. Take full advantage of the forex broker reviews and make an informed choice.
How will forex trading change in 2021?
Successful forex traders or investors in the forex market, the global decentralized market for trading currencies, have traditionally been seen to have an ability and a knowledge that enables them to predict the forex market by analyzing a forex trend. As we head into 2021, it has become clear that there is no formula for predicting movements in the market.
The year 2020 was a huge challenge for investors, a harsh reminder that predicting the future is a risky game. Yet the risks of FX trading can be mitigated by FX bonus offers, promotions in which a broker extends a line of credit to traders in the form of free money, trading credits, gifts, or rewards. These credits can be used for trading, but in some cases, they can also be withdrawn, subject to the broker’s terms and conditions, and can help to decide your overall capital outlay.
The challenges of 2020
In the US, the S&P 500 dropped more than one-third in march, there has been a contested US presidential election, and the spread of covid-19 continues to increase. None of this could have been predicted and leaves 2021 wide open to possibilities. Yet, whilst 2020 was a challenge in many ways, the market registered a growth of 60 percent after march, the fastest fall and recovery in history, while central bank balance sheets and fiscal deficits grew at a pace never seen before.
Predictions for 2021
Forex trading is likely to see many changes that will impact in 2021. Here are some predictions that act as a warning against the potential misallocation of risk by investors. It is about what is possible, even if not probable, though relevant due to the pandemic which will undoubtedly spring surprises.
President-elect joe biden
The biden administration is due to begin on 20 january. Whilst his administration plans to raise taxes on the rich, with the potential to impact stocks, the market reacted well on the night of biden’s apparent victory and continued to rally as the election results became clearer after some dispute.
Covid-19 vaccines
In december 2020, covid-19 vaccines started being distributed and this will be closely monitored, particularly in the first half of 2021. A gradual return to normalcy is expected, with congress expected to provide help to small businesses and consumers until vaccines slow the spread of the virus. Significant macro-economic impacts will hit the entire investment sector if there are speedy results.
Boost to pharmaceutical stocks
Public companies involved in the covid-19 vaccine efforts will be well rewarded. These include pfizer (PFE) and moderna (MRNA), but also those companies involved in the logistics of moving the vaccines at well-below-freezing transport.
Demand for travel stocks
Once the pandemic is under control and restrictions on movement are lifted, there will be a great demand for travel, which will help all those in the industry, including airline stocks, hotels and cruise lines which could add between 1 and 1.25 percent to the US GDP.
Demand for restaurant stocks
On the day pfizer announced its vaccine had 90% efficacy in phase 3 trials, chain restaurants covering almost every cuisine, rallied. Cracker barrel, cheesecake factory and denny’s all saw double-digit percent gains that day.
Work from home stocks
Those that benefited from the need for people to work from home, like zoom, will see the massive gains in 2020 likely fall as fast in 2021 as people return to the workplace. When pfizer announced its effective vaccine, zoom lost nearly 20 percent at one point. Food delivery services may also be impacted.
Stock rotation
New investing phases are normal, and it is likely investors will move into different sectors in 2021, with a predicted slowdown in tech stocks that had a long bull market in 2020. This is made more likely by the antitrust litigation against google and other tech giants.
Be prepared for the unexpected
Investors should be prepared for another year of volatility in 2021. Investors should have enough savings in case of another pandemic and adjust investment strategies so that any panic selling over the past year is not repeated.
2021 is likely to see long-term investments with a low-cost diversified portfolio able to weather whatever the market brings, moving away from hot stocks, sectors or investment trends that stretch far into the future.
Best forex robots 2021
For a long period, we professionally research the forex automated trading market. Over the years, we have gained experience that we systematically share with you in our reviews. Choosing an EA is a very important procedure, as it involves using it on a real account in order to make money. In the table, we have put together the ratings and results of the best trading robots performing.
ROFX is the best way to get started with forex. The system, based on machine learning and customizable patterns using AI, allows you to have up to 10% of monthly profit without the need for any effort. In confirmation of their capabilities, the first deposit to a real account with a robot was the amount of ten million dollars. ROFX provides a well-designed PAMM system that means that all robot performs go on the company servers.
Forex fury is an incredibly popular robot showing a stable and predictable profit. On the one hand, the robot allows you to make many settings to adjust the trading to the needs of the trader, but on the other hand, it requires not a little knowledge in order to effectively manage it. The robot holds its winning rating at a level above 90%, which in itself is a unique phenomenon in the world of trading robots.
Forex robotron is another example of the success of forex trading using a fully-automated trading robot. Trading with it shows high and predictable results. The monthly gain is more than 20%. At the same time, the robot requires deep knowledge and understanding of trading processes in order to achieve similar results. That is why it can be difficult for beginners to master working with it.
Each experienced forex trader has gone through a long phase of formation, ups, and downs. Many of them nulled their accounts several times while learning to trade. All this time, traders had to analyze the history of trades, follow the news, and trades on their own so on day after day. With the advent of trading robots, many of these routine functions were taken over by them.
The robot is a fully automatic program and doesn’t require you present. This allows beginners to start trading forex immediately after the deployment of the program and does not require previous experience. This is a great advantage for those who want to try their hand at forex trading.
The robot provides work in a fully automatic mode, giving a stable passive income. At the same time, its owner can control all its aspects of the activity, configure it at its discretion, control the current trading process from market analysis, to entering and exiting a position.
Robots are usually developed based on some strategies that have already brought substantial profit to their owners. By applying them at the core of the robot, devs thus allow you to get your profit too. A feature of some robots is that developers maintain the availability of analysis of the history of trading operations so that traders can use this data to improve their own strategies.
- Knowledge-free to start earning money on forex
- Fully-automated trading, without needing of understanding performing processes
- Usually, the seller provides back-tests and shows a robot perform on a real or demo account
- 30(60)-days money-back guarantee is an option from many sellers.
- Completely removes influence of the emotional statements during trading
- A robot can run on many accounts, as well as, trade effectively many currency pairs at the same time
- It can perform 24/7 giving you opportunities to spend your time whatever you want
- Free-trial a robot for applying it on the demo account is also quite often option
- You know the strongest sides of a robot you chose, so you can easily improve your own strategy.
- You can easily compare the official robot performing with the performing of your copy, so you’ll be able to simply find out when your robot becomes a scam.
- Running a robot on your PC is required to be online 24/7 and get a stable connection.
- There’s high enough chance to get a scam instead of a trading assistant.
- Price varies depending on futures, patterns, amount of currency pairs, etc.
- 30(60)-days money-back guarantee is an option from many sellers.
- Sometimes, there’s a high level of the min account balance for smooth trading with low risks.
Here are some functions which are applied in almost every good trading robot:
The forex robot is usually designed with the settings that are responsible for managing current trading transactions. These are the following functions: hard stop loss, trailing stop loss, and take profit features. Both experienced traders and beginners should take into account that without these functions, they will not receive full-fledged automated trading.
A developed set of patterns that include not only the parameters of the trade but also the specified criteria for market analysis. Thanks to this system, the robot is able to independently decide on the selection of the most successful entry and exit points. Typically, the robot is programmed to use technical analysis and indicators: order flow, support and resistance levels, and RSI or MACD.
With automated trading, a lot depends on how accurate and fast the robot is in making decisions. The EA must provide its owner with timely entry and exit points from transactions, which in turn should significantly increase the profitability of its work. The ability to enter a deal at the lowest point and exit it at the peak distinguishes a good robot from a bad one.
- Trade accuracy
- Numbers of traded currecny pairs
- Different risks level management
- Performing and order execution speed
- Official performing data (gain, profit) from myfxbook and fxblue sites
- Pricing for buying/subscriptions
- Support availability
- User interface
- Bitcoin or other crypto trading availability
- Customization of the standart patterns
It’s a computer program developed by devs and traders. It works on the proven patterns that allow you to make profit using robot owners’ trading experience.
A trading robot (EA) fits everyone. For beginners, it suggests the smooth start of trading on the forex. For good traders it lets relax more, using combined strategies of robots and trader to get better results with same amount of spent time.
Robots prices start from $99 to $25000 depends on futures and strategies. Most of the robots start to work well from a $1000 deposit
Not at all. From buying to applying usually goes about 10 minutes. No special knowledge is needed.
Yes, it does. Every robot is developed with the stop-loss system that allows you to lose not so much if it’s happened
It mostly depends on the risk you trade with. Our experience tells +100% of annually gain is good profitability.
10 the best forex robot reviews 2021 (comparison)
Forex robot review 2021 on the subject of investing, there are limitless methods to rip-off a dealer. Many agents control to break out with their fraudulent activities for a time period. Then they may be both ‘stuck’ by means of a regulatory organization or they reach absconding with their customers’ funds, never to be seen again.
Scams should be executed in a smart, convincing manner.
They need to also be handy for the dealer. The simpler it is for the dealer to seemingly make cash, the greater a fraud will succeed. The modern-day entry into the foreign exchange scam marketplace is the forex robot that is an ideal example of promises of clean money.
Top forex robot review 2021
Foreign exchange robots are all about earning money at the same time as you sleep which makes them high vicinity for fraudulent interest. Forex robotic scams are only now beginning to be uncovered however now not anybody consents that forex robots are scams initially.
Fortunately, there are more and more websites score forex investors and their structures. You can make greater educated decisions after analyzing critiques and checking with experienced forex experts.
Forex trading robots comparison at least, one have to search for critiques earlier than purchasing a forex robotic, regardless of what claims are made approximately its success.
Foreign exchange robots have become a whole lot of hype of past due and forex robot scams aren’t a ways at the back of. Almost every forex dealer presently gives its account holders the opportunity to use a foreign exchange robot for his or her trades.
The agencies producing forex robots often rely on very large, small print disclaimers to hold them out of problem for promising high-quality results while the ones results are unrealistic within the long term.
Best forex robot comparison
The problem is that forex robots are run based totally on automatic mathematical algorithms, now not thinking of such things as market situations that adjust with political problems, climate and different factors.
The inconsistency of the market is not possible to software into a robot, and therefore the consequences of forex robots are inconsistent as nicely.
Most foreign exchange robot scams are easy to pinpoint and would seem obvious to any investor. However regardless of blatant forex robot comparison fake guarantees of huge income “at the same time as you sleep” millions of greenbacks are dropped into those foreign exchange robotic scams each day
EA fx robot review
Even those brokers that are successful exaggerate their numbers to attract new customers.
One needn’t rely upon the foreign exchange broking for those robots because forex robots are without difficulty to be had for purchase online.
Even amazon sells the software program package deal made available by using one foreign exchange company beneath the heading,
“make money while you sleep – advanced forex auto trading robot.” this is what leads so effortlessly to forex robot scams.
Whilst you study any two weeks of buying and selling inside the beyond that were profitable, and then make an earnings claim based on those weeks, you aren’t lying to anyone.
Forex robot review
Those forex robots claim their profitability based totally on any given a success term in their beyond while checking out the product so they aren’t lying.
TMGM review 2021
Regulated by ASIC | segregates client funds | trust rating: A | true ECN
CFD trading involves high risk be careful with your investement
CFD trading involves high risk be careful with your investement
With this TMGM review we want to find out if TMGM is really one of the best forex brokers of 2020.
We conducted an in-depth review in january 2021 to find out the answer and bring it to you!
The OTC derivative and forex trading company TMGM group was founded in the year 2013, offering its trading services to both retail and wholesale clients. A few years later, after successfully acquiring an IT company, the forex broker created TMGM equities to deal in exchange tradeable products such as stocks, bonds, debentures as well as providing MDA services.
According to their vision, the CFD provider sets out to continuously improve on the bridge between demands and solutions for global investors.
trading platform | metatrader, IRESS |
head office | australia (sydney) |
founded | 2013 |
↔ maximum leverage | 500:1 |
execution servers | alibaba cloud express |
broker type | ECN |
negative protection | no |
trading options | forex, cfds, indices |
OUR RATING: 8.8 | |
the overall raiting is based on review by our experts | |
reliability: 9 / 10 | spread: 10 / 10 |
offers: 9 / 10 | speed of execution: 9 / 10 |
customer service: 7 / 10 | uptime: 9 / 10 |
trading conditions | |
max leverage: | 500:1 |
platform: | |
min deposit: | $200 |
spread: | from 0.0 pips |
cuts out dealing desk: | yes |
methods of deposit and offers | |
deposit / withdraw: | |
rebates engine forex: | coming soon! |
SECURITY, MARGINS AND TECHNOLOGY
SECURITY
TMGM group holds an australian financial service license (trademax australia pty limited, AFSL: 436416) and is regulated by the australian securities and investments commission (ASIC), guaranteeing safety for their customers.
The firm assures to hold all client monies in a segregated trust account which is strictly separated from company funds.
In full compliance with anti-money-laundering CTF legislations, TMGM australia has an AML/CTF program in place to ensure KYC procedures.
The firm assures to hold all client monies in a segregated trust account which is strictly separated from company funds.
Spreads comparison
Axitrader
THINK MARKETS
OANDA
IC MARKETS
Easymarkets
CHARGES AND MARGINS AT TMGM
As is the case with all CFD providers, clients at TMGM pay a spread on every non-equity CFD. The broker also offers share cfds through a different platform called IRESS, which also let traders receive dividends from their investments.
TMGM offers an extremely wide range of markets, including currency pairs (fx), commodities, global stock indices, shares, options, bonds, warrants and cryptocurrencies for CFD trading. Their clients have access to a wealth of financial instruments and maximum leverage of up to 500:1, depending on the selected account type and instrument used.
Margin requirements depend on the trading account, individual settings as well as the traded instrument and can be viewed in detail in TMGM’ products disclaimer.
TECHNOLOGY
Analysing technology features of TMGM we need to clearly distinguish between the broker’s trading conditions and their website/client portal.
On the positive side of things, TMGM’s trading environment is at a highly competitive level, with solid liquidity providers and onezero as their bridge to guarantee deep liquidity at regular market conditions. Our tests confirm that even during volatile times liquidity is rarely an issue and spreads stay within a tight range. Thanks to alibaba cloud express connections, which provide TMGM with a fast, secure, stable and private network communication, users benefit from a top-notch, professional trading network. TMGM utilises its multi-region datacentres to create a highly accessible and fast network to their clients. Their beijing, shanghai, shenzhen and hongkong servers in alibaba cloud datacentres are providing the fastest connections to customers in china, whilst their sydney, singapore, taiwan, frankfurt, US servers are serving international clientele. All these servers located all over the world are connected back to the TMGM main trading servers in the US alibaba cloud datacentre.
Trading platforms available at TMGM are the traders’ darling metatrader 4 (MT4) as well as the less popular IRESS. They are also about to launch metatrader 5 (MT5) anytime soon now.
FBS trader is the broker's new, proprietary trading platform. The broker highlights that this trading platform is as powerful as the popular metatrader platforms but simpler to use.
MT4 is available for windows as a download version with the usual minimum system requirements. Additionally, metatrader 4 is offered as a web application (webtrader) and for mobile devices. Mobile trading is accessible to both android and ios devices (ipad and iphone). IRESS is cloud based so doesn’t require any software installation.
MT4 comes with its typical variety of technical indicators and technical analysis tools. On top, one MT4 extra feature many traders appreciate and which is freely given by TMGM is a live news feed. Further expert advisors (EA’s) are allowed and accessible and can be implemented in one’s trading strategy.
IRESS is a rich cloud-based trading platform. It is one of the most advanced equities trading platforms on the market, feature rich and suitable even for professional share traders. It offers advanced market analysis tools with customisable features as well as fast and secure order execution. At TMGM, IRESS allows access to exchange traded products such as equities, warrants, etfs and options trading.
Trading platforms available at TMGM are the traders’ darling metatrader 4 (MT4) as well as the less popular IRESS. They are also about to launch metatrader 5 (MT5) anytime soon now.
Execution of speed comparison
Forex.Com review
Forex.Com is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies, indices, commodities, etfs and ipo. For commodity traders, they offer a range of energies, metals and agriculturals.
To open a live account, you’ll need a minimum deposit of at least £50. Alternatively, forex.Com offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the financial conduct authority, UK (FRN: 113942). Forex.Com puts all client funds in a segregated bank account and uses tier-1 banks for this. Forex.Com has been established since 1999, and have a head office in united states.
Before we dive into some of the more detailed aspects of forex.Com’s spreads, fees, platforms and trading features, you may want to open forex.Com’s website in a new tab by clicking the button below in order to see the latest information directly from forex.Com.
Full disclosure: we may receive a commission if you sign up with a broker using one of our links.
69% of retail investor accounts lose money when trading cfds with this provider
What are forex.Com's spreads & fees?
Like most brokers, forex.Com takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on forex.Com’s website. The colour bars show how competitive forex.Com's spreads are in comparison to other popular brokers featured on brokernotes.
Forex.Com | |||
---|---|---|---|
EUR/USD (average: 0.7 pips) | 1.0 pips | 0.7 pips | 0.1 pips |
GBP/USD (average: 1.1 pips) | 0.9 pips | 1.7 pips | 0.1 pips |
USD/JPY (average: 1.1 pips) | 1.1 pips | 0.6 pips | 0.1 pips |
AUD/USD (average: 0.8 pips) | 1.2 pips | 0.6 pips | 0.2 pips |
USD/CHF (average: 2.3 pips) | 1.1 pips | 2.3 pips | 0.2 pips |
USD/CAD (average: 2.9 pips) | 0.9 pips | 0.5 pips | 0.3 pips |
NZD/USD (average: 3.6 pips) | 2.3 pips | 2.8 pips | 0.3 pips |
EUR/GBP (average: 2.4 pips) | 1.3 pips | 0.5 pips | 0.1 pips |
Spreads are dynamic and are for informational purposes only.
As you can see, forex.Com’s minimum spread for trading EUR/USD is 1.0 pips - which is relatively high compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with forex.Com vs. Similar brokers.
How much does forex.Com charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with forex.Com at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $16.2. Here’s a rough breakdown of the fees and how this compares against IG & XTB .
Forex.Com | IG | XTB | |
---|---|---|---|
spread from : | $ 10.00 | $ 6.00 | $ 2.00 |
commission : | $0.00 | $0.00 | $0.00 |
total cost of a 100k trade: | $ 10.00 | $ 6.00 | $ 2.00 |
$4 less | $8 less | ||
visit forex.Com | visit IG | visit XTB |
All fees/prices are for informational purposes and are subject to change.
What can you trade with forex.Com?
Forex.Com offers over 300 different instruments to trade, including over 80 currency pairs. We’ve summarised all of the different types of instruments offered by forex.Com below, along with the instruments offered by IG and XTB for comparison.
FX / currency cfds | forex.Com | IG | XTB |
---|---|---|---|
# of forex pairs offered | 80 | 90 | 48 |
major forex pairs | yes | yes | yes |
minor forex pairs | yes | yes | yes |
exotic forex pairs | yes | yes | yes |
cryptocurrencies | no | yes | yes |
commodity cfds | forex.Com | IG | XTB |
---|---|---|---|
# of commodities offered | 12 | 34 | 21 |
metals | yes | yes | yes |
energies | yes | yes | yes |
agricultural | yes | yes | yes |
index & stock cfds | forex.Com | IG | XTB |
---|---|---|---|
# of stocks offered | 220 | 8000 | 1606 |
UK shares | yes | yes | yes |
US shares | yes | yes | yes |
german shares | yes | yes | yes |
japanese shares | yes | yes | yes |
see forex.Com's instruments | see IG's instruments | see XTB's instruments |
What’s the forex.Com trading experience like?
1) platforms and apps
Forex.Com offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Forex.Com also offer their custom forextrader PRO platform.
Forex.Com also offer mobile apps for android and ios, making it easier to keep an eye on and execute your trades while you are on the move.
Still not sure?
2) executing trades
With forex.Com, the minimum and maximum trade requirements vary depending on the trader and the instrument. As forex.Com offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As a market maker, forex.Com may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that forex.Com offers its traders below.
Trading features:
Accounts offered:
- Demo account
- Mini account
- Standard account
- ECN account
- Islamic account
Funding methods:
3) client support
Forex.Com support a wide range of languages including english, chinese, and arabic.
Forex.Com has a brokernotes A support rating because forex.Com offer over three languages and email support.Live chat support.Phone support.
4) what you’ll need to open an account with forex.Com
As forex.Com is regulated by financial conduct authority , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore forex.Com’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with forex.Com you can visit their website here.
Marcus founded brokernotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about brokernotes & marcus here.
Forex factory review (2021) – connecting traders
When trading, a major way of learning and keeping the know is by connecting with like-minded traders! An issue for myself is finding just where to look for those people so I started to look for some sites that I would be able to connect and have discussions about the current market. One website that stuck out to me a lot was forex factory which I will talk about in this article.
- What is forex factory?
- What does forex factory offer?
- Forums
- Trades
- News
- Calendar
- Market
- Brokers
- What stands out about forex factory?
- What did I enjoy most about forex factory?
- Online reviews of forex factory
- What skill would I recommend forex factory to?
- How would I rate forex factory?
What is forex factory?
Forex factory was created by fair economy inc for the main purpose of helping traders get involved with other traders for industry discussions. The main focus for the discussions was so traders could learn key takeaways from others that would positively influence their trading decisions and goals. Along with teaching traders useful new techniques and information, forex factory also works carefully to know signs of any threats that traders may face that could negatively affect their trades.
Forex factory pride themselves for being the go to website for traders to achieve the purest, and most insightful trading information. All information on the site is available to every trader around the world at the exact same time.
What does forex factory offer?
Forex factory offers a vast amount of information on the site, which can be accessed by an trader of any trading level. Once coming onto the site you can see the following sub elements on the site as shown below in the picture. I will further explain what each sub-element offers.
Features on the forex factory website
Forums
If you’re looking to have discussions with real life traders – forums is the place for you! Once clicking on the forums section, you will be able to explore 8 different sub-forums with different areas they are covering. The forums you can participate in are:
- Interactive trading
- Trading systems
- Trading discussion
- Platform tech
- Broker discussion
- Trading journals
- Rookie talk
- Commercial content
Once you click on a sub-forum that interests you, to participate all you need to do is signup for an account which takes only a couple of minutes and requires just a valid email address to begin. However, without an account, you can still access and read the discussions. What I found great about the trading forums, was that there really was a sense of community on there, and everyone was willing to easily explain any questions you might have. Along with the sense of community, there is just about every trading area you can think of already created making it easy for you to jump right in with the discussion.
Trades
Just like the name suggests, if you’re looking for key trade information you can find it all under this section. Once clicking you can see a list of major currencies and their live results. There are two keys areas on this which I really enjoyed. The first one being was that I can easily filter through the currencies as seen below in the image.
List of currencies available to search on the forex factory site
Another being the monthly leaderboard of seeing who has the best results for their trades. Whilst this may make traders question why their trades are not doing as well, I thought of it as what can I learn from their tactics, which is what the site is all about! Along with being able to see the leaderboard results, you can see the username of the person who has the highest trade which I think makes a great learning opportunity to get some useful and helpful tips from them to use towards your own trades.
The monthly leaderboard available to view on the forex factory site
I’m not going to lie, most news sections don’t appeal to me all that much, but the news section on forex factory was extremely useful to me. Once clicking on the news tab I could immediately see the newest stories, and believe me, these are extremely up to date and constantly getting up dated with new stories. Along with being able to see the newest stories, I could also see the hottest. Personally I enjoyed the hottest stories as these were the stories that were most relevant to myself. As i’ve shown below, even the hottest stories are updated on a regular basis meaning you will never miss any news that could affect your trades.
Hottest stories on the news feature
Along with showing the news stories, another major benefit for me was the ability to be able to search news stories of how impactful they are. This was something which I think is excellent for beginner traders as they can get a key indiction of any trades they should make adjustments to their strategy for. The only negative I have for this is that this specific filter was a small side function at the bottom of the page and I do think this would be more useful being at the top.
The filter available on the news feature
Calendar
When trading an economic calendar is extremely important. Whilst I have read reviews of other users liking this economic calendar, for me, it wasn’t my favourite. I actually preferred the babypips calendar which I talked about in my review here, but this is just personal preference. The calendar allows you to easily see impact and the actual, forecast and previous results along with being able to see graphs like I have shown below.
A graph available on the calendar section
Whilst the graphs and economic calendar is great and allows you to see old data, for me, I found the layout not to be the most visually pleasing, but again, this is just personal preference and I would still highly recommend users to check it out.
Market
The market section allows you to see what is happening currently within the financial markets along with being able to see on three additional markets, those being:
- Metal
- Energy
- Crypto
On the market section I could easily filter which currencies I wanted to have a look at along with set the time range to show updates by 1 minute, 5 minutes, every hour, every four hours, daily and monthly. Along with this, I could change the lines and indicators as you can see below.
The filter available to use
One common occurrence I did notice on the market section, was that the section just wouldn’t load and I would have to refresh the page multiple times to get it to show. This was extremely frustrating and did put me off using this as a market resource site, so I would recommend if you also have this issue, to refresh and the issue should fix itself.
Brokers
Ever wondered what broker you should open a live or demo account? This section can help you easily see a list of brokers along with additional information such as regulators, platforms, minimum deposit and base currency used. This is fantastic to find your next broker you want to trade with and quickly filter exactly what you are looking for from a broker to find your perfect one. I highly recommend this.
What stands out about forex factory?
For me personally, what really stood out for me was the real sense of community on the site. I was able to view information from traders and along with easily ask which is something I find a lot of websites lack.
Along with the sense of community, they also have a section where you can contact the forex factory team and leave some feedback about the website along with even asking for a feature. I really liked this and it did make me feel like the site truly care about maximising the traders experience on the site.
Whilst I haven’t used this feature myself, I have read reviews of other users praising the customer support, so I do think if you have a suggestion, do send it to them as they really do seem to listen!
What did I enjoy most about forex factory?
The best feature for myself, other than the forums which I can’t speak highly enough about, was the news section. The ability to get all the latest news along with filter the importance and the impact it would have on your trades was an element I really enjoyed. This feature is definitely one I would recommend to beginner traders so they can really learn just how important the news can be on their trades.
Online reviews of forex factory
The online reviews for forex factory all seem to praise the economic calendar along with the sense of community on the site. Whilst the economic calendar personally wasn’t my favourite element, I can see why others would love it.
A review by a user speaking positively about the economic calendar
What skill would I recommend forex factory to?
I would recommend this site to any skill level due to the wide range of functions it has. Beginners would be able to take advantage of the news section along with the forum section to ask questions and also see the impact news can have on their trades by being able to search and filter the news easily.
More advanced users would also enjoy the forums section but I do think the economic calendar is one which they will most enjoy as it is a feature widely loved by most traders.
How would I rate forex factory?
To sum up forex factory, I’m going to rate the site on 3 elements, that being ease, information, and entertainment which I will rate out of 5.
Ease – I’ll give the site four out five, even though the site was easy to use, I did think some features should be highlighted more prominently, such as being able to filter the news by impact on trade.
Information – I’ll easily give this 5 out of 5 for the forums and news feature. The forums are amazing for being able to build a sense of community and get real life answers along with the news being extremely up to date. These two features are why I would recommend the site to other traders. I would also say that just like reviews say, to check out the economic calendar as it is extremely useful to use.
Entertainment – I’ll give this 3 out of 5. Whilst the site had some enjoyable forums and news articles, it doesn’t have the same level of entertainment that other sites such as babypips, but that being said, babypips is a hard one to match so I do acknowledge this.
Overall, I did highly enjoy some features forex factory offer such as the news and forums section so I recommend you try it out for yourself. You can also follow them on facebook, especially their twitter which they update extremely frequently, for daily market updates.
So, let's see, what we have: we provide forex broker reviews and comments written by forex experts and tarders on a daily basis — forex-ratings.Com at forex trading reviews 2021
Contents of the article
- New forex bonuses
- Forex broker reviews — forex comments 2021
- Top 10 forex brokers 2021
- Forex trading trends in 2021
- More millennials and gen-Z start forex trading
- Trading apps
- The pandemic will remain a major factor
- Carry trades a new normal
- Cloud-based e-FX platforms
- Forex trading trends in 2021
- More millennials and gen-Z start forex trading
- Trading apps
- The pandemic will remain a major factor
- Carry trades a new normal
- Cloud-based e-FX platforms
- Best forex brokers for 2021
- Reviews of online forex brokers
- How do we decide which ones are best forex sites...
- Importance and purpose of forex broker reviews...
- The best forex brokers – how to select A top...
- Best forex brokers
- Why low cost forex brokers are a great choice?
- Best forex trading platforms
- How to choose a forex broker in 2021?
- How will forex trading change in 2021?
- The challenges of 2020
- Predictions for 2021
- President-elect joe biden
- Covid-19 vaccines
- Boost to pharmaceutical stocks
- Demand for travel stocks
- Demand for restaurant stocks
- Work from home stocks
- Stock rotation
- Be prepared for the unexpected
- Best forex robots 2021
- 10 the best forex robot reviews 2021 (comparison)
- Top forex robot review 2021
- Best forex robot comparison
- TMGM review 2021
- SECURITY, MARGINS AND TECHNOLOGY
- Forex.Com review
- What are forex.Com's spreads & fees?
- What can you trade with forex.Com?
- What’s the forex.Com trading experience like?
- 1) platforms and apps
- Still not sure?
- 2) executing trades
- Trading features:
- Accounts offered:
- Funding methods:
- 3) client support
- 4) what you’ll need to open an account with...
- Forex factory review (2021) – connecting traders
- What is forex factory?
- What does forex factory offer?
- What stands out about forex factory?
- What did I enjoy most about forex factory?
- Online reviews of forex factory
- What skill would I recommend forex factory to?
- How would I rate forex factory?
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