Forex website list

For beginners, it’s advisable to start with basic educational content before moving on to market research and using trading tools.

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The 11 Best Forex Websites, forex website list.

That way, you’ll fully understand how what you’re reading and the tools your using can help you make better-informed trading decisions. Best for: forex forums

The 11 best forex websites

Updated 20 january 2021

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Trading on the foreign exchange market, or forex trading as it is more commonly referred to, takes a considerable amount of skill and knowledge.

For beginner traders, there’s a lot to learn, from basic concepts to trading strategies, risk management and platform familiarisation.

Once you’ve built the confidence to begin trading, you’ll then need to stay on top of market trends, economic news and global events that may impact the market. You’ll also want to continually improve your trading skills, learning how to successfully execute increasingly profitable trades.

Thankfully, there is a huge amount of information available online and it is relatively easy for beginner and experienced traders alike to find all they need to know with a little bit of research.

You’ll want to be sure that the sources you turn to are legitimate and trustworthy. Whether you’re looking for news, technical analysis, strategy guidance or educational resources, it’s vital that the sites you use are reputable.

To help you get started, here is our list of 11 of the best forex websites available.

11 best websites to learn forex trading

The following top forex trading websites include those providing news, education, analysis and trading tools. For a successful trading career, it’s best to use several in conjunction with one another.

1. Etoro trading school

Best for: multi market overview

The one day etoro trading school course covers multiple trading areas including forex, cryptocurrency and stocks.

In-person education is delivered by henry ward, a professional trader with over 10 years’ experience under his belt.

Though the course claims to be suitable for traders of all levels, the content is well suited to beginner traders, or those looking to learn more before dipping their toes into the water.

You’ll have an introduction to the financial markets, learn essential key terms and what they represent, and walk through the fundamental principles of trading.

Perhaps the most useful element of the course for beginners is the introduction of trading personalities. This should help you identify what type of trader you are and determine the most appropriate styles to suit.

In addition to the classroom-based course, held in london’s canary wharf, there’s also a library of webinars and podcasts for those interested in distance learning.

2. Babypips

Best for: beginner education

The first on our list of best forex websites is babypips, a user-friendly site with an easy to navigate layout and a range of tools and features ideal for those new to the world of forex trading.

It posts regular news updates and feature articles in areas such as:

Technical analysis

Trade ideas

Trading psychology

However, it’s through its educational content that babypips really shines.

Its school of pipsology takes a light-hearted approach to what is essentially a highly complex topic. Lesson articles are separated into 11 courses, beginning at pre-school level through to graduation, and are supported with online quizzes and a comprehensive glossary of terms.

There are also several free to use tools, like its position size calculator and gain and loss percentage calculator, designed to help beginner traders mitigate risk and assess the profitability of their trades.

Signing up for an account is free and you can also exchange tips and ideas with fellow traders through its various forums, making babypips perhaps the best website for forex education for beginners.

3. Bloomberg

Best for: financial news and analysis

Bloomberg is the customer-facing website of the international news agency, bloomberg news. It covers just about everything you need to know about events in finance, business and trading.

With stories updated as they unfold from around the globe, it is probably the best website for forex news, as well as providing markets trends, analysis and currency data.

Users are permitted free access to a limited number of articles each month. To get the most from bloomberg’s services, you’ll probably want to consider signing up for either its digital or all-access subscription, which can be paid for monthly or annually. These come with additional benefits including the open and close, bloomberg’s daily newsletter for traders.

4. Dailyfx

Best for: forex calendars

Dailyfx is a free to use website powered by UK-based brokerage, IG. As you would expect from a broker-run site, it provides live market data for major currency pairs, with both simple view and detailed view charts for in-depth technical analysis.

The site provides regularly updated financial news, which is easily filtered by market. You’ll find several articles per day posted under the forex news tab. This is complemented by a separate real-time news feed that pulls in breaking information from accredited sources.

There are plenty of educational resources in dailyfx’s forex university, with courses offered at beginner, intermediate, advanced and expert level. You can also take advantage of its daily live webinars.

There are several useful trading tools including pivot point and trader sentiment charts, but perhaps the most useful tools are the economic and central banks calendars. These provide clear details of upcoming global events and future meetings of each country’s central bank respectively, allowing you to make informed predictions on potential market movement and adjust your positions accordingly.

5. FOREX.Com

Best for: metatrader training

FOREX.Com is a leading UK forex broker that offers a comprehensive library of educational content. As a broker regulated by the financial conduct authority, you can be sure that the guidance provided by FOREX.Com is trustworthy and from a reputable source.

All of the educational materials are free, you do not have to open a trading account with forex.Com to access them.

Technical analysis

Trading strategies and concepts

Managing risk

Resources are separated into the three levels of beginner, intermediate and advanced.

Forex.Com also offers training on trading platforms. This includes its proprietary platform, but perhaps of more value, it also provides several tutorials on the use of the metatrader suite.

As many forex brokers provide this platform, learning how to use it to full effect is well worth your time.

6. Forexfactory

Best for: forex forums

This entry in our list of best forex websites is more geared towards the professional trader and, as its name would suggest, focuses solely on the foreign exchange market.

Information is easily accessible under six simple tabs. Some key ones are:

The ‘brokers’ tab offers an overview of several forex brokers, including their real-time spreads

The ‘market’ tab provides a live scanner and customisable forex charts

A detailed economic calendar sits under the ‘calendar’ tab

Although not comparable with some of our other best forex websites, there’s also a fairly comprehensive news feed.

Forex factory’s best features are probably found under its ‘trades’ and ‘forums’ tabs. The former allows you to see live trades being placed by others in the market, with the latter hosting a wide range of active discussions.

You can use forex factory for free, but you will need to register for an account to take part in its forum threads.

7. Fxstreet

Best for: good all-rounder

A highly popular source of information in the trading community, fxstreet is a good all-round site providing everything you’d expect to find on one of the top forex trading websites.

News, analysis and a range of forex charts are available including live charts, a forecast poll and rates table. Fxstreet’s chart station allows you to track four charts on one page for detailed and comparative analysis.

A lot of fxstreet’s resources and tools are free to use, including its trading signals service, although signal notifications are limited per month and subject to a 15-minute delay.

To make the most of this feature and get access to all signals in real-time, you’ll need to upgrade to fxstreet premium for a monthly fee. This will also give you access to its trading institute, which hosts four live forex webinars per week.

8. Investing.Com

Best for: free trading tools

This free-to-use website provides a wealth of useful trading information and resources including:

News

Analysis

Real-time data

Educational material

Investing.Com prides itself on catering to beginner traders, with premium features free of charge. Although a US-based website, it provides a localised service.

Investing.Com is also one of the best forex websites when it comes to free tools. Of particular note are its forex volatility and forex correlation calculators. These allow novice traders to get to grips with both the historic volatility and correlation data of a wide range of currency pairs, enabling them to make better-informed trading decisions.

9. Investopedia

Best for: mid-level education and interactive learning

Next on our list of best forex websites is investopedia, a comprehensive resource providing:

Market news

Trend analysis

Trading education

Investopedia has an exceptionally clean layout that is easy to navigate and user-friendly. Its news updates are separated under category tabs including ‘company’, ‘markets’, ‘trading’ and ‘political news’, though its coverage does not compare with the more dedicated news sites like bloomberg.

You’ll find a multitude of educational articles that cover everything from basic terminology to professional trading strategies. These are well structured and informative, but perhaps a little more complex than the educational content found on babypips.

For more in-depth and interactive learning, the investopedia academy is a valuable resource. Courses are available for all levels of experience, each consisting of over 30 individual on-demand video lessons and supporting materials like quizzes and practice exercises. Whilst its onsite articles are free to access, the investopedia academy is a paid-for service.

10. Tradingview

Best for: forex charting

Tradingview is one of the top forex trading websites for charting and social networking. Through cloud-based software, traders of all levels of experience can easily research and track the market with customisable charts set up for specific alerts and indicators.

There are four plans available:

Basic

Pro+

Premium

The basic account is free but relatively limited. If you’re new to trading and want to practice charting currency pairs, then the basic account may work for you.

However, to take full advantage of tradingview’s charting software and active social community, you’ll need to upgrade to one of the paid plans. These do all come with a free trial, so you can try them out before making a long-term commitment.

11. Udemy

Best for: on-demand learning

Unlike the other forex websites in this list, udemy is not specifically designed for trading education or information. Rather, it is a global online learning platform that hosts a multitude of courses in almost every subject imaginable.

That said, it has an extensive range of resources for those looking to learn about trading on the foreign exchange market. A simple search for forex brings up over 2,000 courses, from introductory overviews to expert level lectures.

Whilst there are some free-to-access courses, most are paid-for lectures. Prices vary greatly and some can be quite steep, but you’ll often find price promotions that offer a significant discount. Courses are taken through on-demand video and most feature additional resources such as supporting articles or assignments.

Under each course heading, you’ll find an overview of what you’ll learn, a breakdown of each lecture and details on the course instructor. You’ll also see a course star rating and be able to read informative feedback from previous students.

Final thoughts

There are so many websites for forex news and education that it can be difficult to know which ones you can trust, and which ones are best avoided. Hopefully, the above list has provided you with a variety of reputable sources with which to start or progress your forex trading journey.

As mentioned, it’s best to use several of these sites to ensure you’re covering all the basics when it comes to learning about forex trading.

For beginners, it’s advisable to start with basic educational content before moving on to market research and using trading tools. That way, you’ll fully understand how what you’re reading and the tools your using can help you make better-informed trading decisions.

Wikijob does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.

FOREX WEBSITES - THE 12 BEST WEBSITES

There are countless forex websites on the internet. In this article I reviewed the 12 in my opinion best forex websites.

Some of these forex websites stand out from the crowd with extremely fresh content and up to date news. Others have a strong educational value. And as you will see, one of the forex websites is especially created to prevent you from getting scammed by fraudulent companies.

Check the following forex websites which I really think are the best in their area.

1. Forex website: bloomberg

Bloomberg is a great financial website. It provides round the clock information, analysis, trading news and financial data. For social entertainment, it provides news of events/happenings and sports all around the world. The company behind the website also provides a trading terminal for the banks and other financial institutions.

It is an all in one stop shop. For quick access and reference, the site is further sub-divided into different tabs ( commodities, stocks, rates & bonds, currencies, futures, economics, fixed income, etfs, sectors). It is a user-friendly site that affords all users irrespective of location on the globe relevance. It covers the USA, europe, asia, africa, middle-east, and japan. If you want to be successful in forex trading, this is a must add to your arsenal.

The link to the website is - www.Bloomberg.Com

2. Forex website: babypips

Babypips is another awesome website that cannot be ignored when discussing the best forex websites. As their name suggests, it is ‘the beginner's guide to FX trading’. The look of the website cum its simplicity is top-notch. As the name suggests, it grooms baby traders to become adult traders.

It has created a niche in the forex education because of its ability to deal with topics and discussions in simple and clear terms. There is no assumption with the teachers and administrators of this forex website. I am therefore tempted to rank this as the number one best forex website that every beginner in forex should start off with before moving to the other sites discussed here as the basics to profitable forex trading are well explained therein.

This is without prejudice! - www.Babypips.Com

Partially automated trading besides your day job

Alerts in real-time when divergences occur

My recommended MT4/MT5 broker

3. Forex website: forexlive

Forexlive is another top forex website that every forex trader should have in his/array of trading tools. It is inclusive of several tabs such as crypto currency; technical analysis, economic calendar, list of forex brokers, robust education, live market quotes, live charts, forex orders and other several forex tools.

One other key feature of the site is the social trading (social trading allows newbies to duplicate the workings of an expert trader. Little or no previous knowledge about trading is required to do this. It is however still advisable that intending traders learn the ropes for a long-term and sustainable gains as against leaning on social trading.

The website can be accessed via this link - www.Forexlive.Com

4. Forex website: dailyforex

Dailyforex is absolutely a website that every would-be forex trader and those already trading should desire to use. It has a rich column dedicated to ‘reviews’ of different subject matters. It also offers trading signal service. Still, on the features of the site, it is loaded with lots of forex learning resources, market updates, trading tools like daily forex mobile app, forex widgets etc.

For those who are anxious to test the forex market with paper money, they could also open a demo account with forextime via the daily forex website for free. It ranks as one of the best forex websites.

For ease of reference, this URL will take you further to the website - www.Dailyforex.Com

5. Forex website: investopedia

Investopedia is a finance and investing website. This website could easily be called ‘university of forex’ simply because of its rich contents as depicted by the ‘academy tab on the website. It provides the users with all that is needed to be profitable in the forex business. It has in its ‘topics’ tab amongst the following – wealth management, financial advisors, personal finance, trading etc.

In the academy tab, many important topics like- investing for beginners, find great value stocks, cryptocurrency for beginners, financial modeling are not left out.

For further reference, readers could check - www.Investopedia.Com

6. Forex website: netdania

Netdania is another incredible forex website under our top forex websites for consideration. They provide an array of products ranging from mobile/desktop applications to cloud services, real-time tradable rates from 10 top global liquidity providers indicating best bid and ask prices. It is very easy to navigate through the website.

They also host free netdania's "live trading webinars" for interested participants. Like every other best forex website sites, they have a rich news section.

Their main website could be accessed via - www.Netdania.Com

7. Forex website: forexcrunch

Forexcrunch website looks like a blog page because of its simplicity. In spite of its simple looks, it has all it takes for a forex trader to succeed. It does not require too much expertise to navigate through the page contents. Their slogan is also very appealing – trade forex responsibly. It provides a comprehensive weekly forecast and daily outlook of events. Like other websites under our radar, it has a very rich live forex calendar.

For further information about this website, readers are advised to access via - www.Forexcrunch.Com

8. Forex website: tradingview

Tradingview is a forex website that allows free membership to use their facilities. It requires a free sign-up to enable access to the full contents of their website. It has a very rich user interface. Once could launch trading charts without having to download any application like mt4 or mt5 to the computer. It thus makes viewing of charts on the mobile phones/ tablets easier via their URL. The charts are updated real-time.

It also has an all-time up to date economic calendar. For ease of reference, readers are enjoined to check - www.Tradingview.Com

9. Forex website: forexpeacearmy

Forexpeacearmy is a forex website where it all happens. Any information provided in this website from experience are often verifiable. As the name depicts, forexpeacearmy, they assist users of different forex products in the resolution of conflicts that may ensue between them and their service providers. They actually live up to their name. Over the years they have been able to save tons of thousands of dollars for people by way of advice and uncovering shady attitudes of some forex service providers through their forex traders’ court.

They provide top notch reviews, strategies, education and tools. They also have a dedicated community which handles scam alerts, traders’ court, forums, beginners’ bootcamp etc. They are acclaimed to be unbiased professionals in their dealings. No compromise in revealing the evils in the forex world. Their source of revenue is by advertisements placed on their website and currently have over five million visitors to their website annually.

There have so far not been any issue of compromise reported against them. - www.Forexpeacearmy.Com

10. Forex website: forexfactory

Forexfactory is all-encompassing and one of the best forex websites available today. It is accessible to everyone that has an internet connection on the pc or mobile device. It has a very user-friendly interface. The site can either be accessed as a visitor or as a registered user. The forum section is very rich with lots of useful information and materials for forex traders ranging from expert advisors, strategies, and downloadable books.

The trade feed and live accounts tab are also very enriching to users of the site as it showcases live trades. The forex calendar on the website can also be customized to suit one purpose e.G. Last week, this week, next week, last month, this month etc.). There is also a comprehensive list of forex brokers on the site.

For more information about this website, you are enjoined to look up www.Forexfactory.Com

11. Forex website: fxstreet

Fxstreet is another leading source of forex news, real time forex analysis, currency exchange rates, a robust economic calendar, education, list of forex brokers, broker news and spreads. It is adjudged to be one of the top best forex websites known at the moment. There is also a section for cryptos. The design of the website is also very good.

This website can be accessed at www.Fxstreet.Com

12. Forex website: financemagnates

Financemagnates is a forex website specifically designed for english and russian language users. Users can either switch from english to russian or vice versa. The website is well embellished with arrays of features like news, intelligence, events, thought leadership etc. Which any forex trader will find useful. The website is open to visitors and registered users.

Check this forex website here www.Financemagnates.Com

We shall keep reviewing and updating this list of forex websites as more and more good sites begin to surface.

Forex brokers list

The following is a comprehensive forex brokers list. You can rest assured that the broker reviews listed below were conducted with the utmost level of professionalism and objectivity. It is highly recommended that you read them, open a demo account with several different forex brokers, and only then begin trading the forex market.

Still not sure which forex broker is right for you? Our broker matching tool can help you choose the right broker by assessing your location, trading preferences, skill level and other determining criteria. Click here to get help choosing a broker.

You might also be interested in our top brokers list for 2021.

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Forex trading courses

Want to get in-depth lessons and instructional videos from forex trading experts? Register for free at FX academy, the first online interactive trading academy that offers courses on technical analysis, trading basics, risk management and more prepared exclusively by professional forex traders.

Most visited forex broker reviews

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Risk disclaimer: dailyforex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of dailyforex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

Best forex brokers for 2021

Brokerage companies are scattered all over the world and have many differences in trading conditions, products and services. Some companies are regulated, others are not. Some have been around for decades, others are rather young. Certain brokers work as market makers and have fixed spreads, others provide STP or ECN accounts with direct market access and offer a much larger selection of underlying assets for trading. This site was created to help you find the best forex brokers for your specific needs and requirements. There are several sections and filters in the menu on the left. These can be used to create a custom list of entities with preferable parameters and characteristics. If you find a certain broker you are currently trading with or have used before, feel free to share your experience about it in the comments section meant for forex broker reviews.

The forex brokerage business has undergone a lot of evolution in the last decade. The global financial crisis of 2008 and the events that happened thereafter have reshaped the industry. At about the same time, new technologies came up and also contributed to the evolution of the forex market and forex brokerage business. It is important for traders to understand what forex brokerage is all about and how it will affect their trading ventures. Before we get to meet the best forex brokers for 2021, it is pertinent to identify the role that forex brokers play in a trader’s career and why it is important to go with a forex broker that can match your circumstances and aspirations.

Role of forex brokers

Forex brokers have several roles to play in the market. These roles have also evolved over time, as traders demand a lot more from their trading providers. Forex companies now perform the following roles:

A) access to the market

This is the core role of the forex broker. The forex market is a virtual market with no physical location. At the centre of forex market operations is the interbank market, where the big banks offer various currency pairs for sale. Professional and individual traders therefore do not have to proceed to a physical location to trade, but rather have to have a means of accessing the interbank market. They can only gain access to the interbank forex market using software known as platforms. These platforms are provided by the forex brokers. So without the brokers, nobody can get access to the forex interbank market to trade.

Access can be provided directly using the ECN/STP platforms (also known as direct market access platforms), or indirectly using the market maker platforms that route orders to the broker’s dealing desk. Traders should as much as possible, try to understand the implications of getting direct access to the FX market on one hand, and getting indirect access on the other. The type of access granted will determine factors such as amount of capital to start with, as well as the trading styles and processes to be adopted.

B) trader education

This is gradually but surely becoming a very important element of the forex broker’s functions. Research has shown that 90% of retail traders will lose 90% of their accounts in 90 days. This is a well-established market statistic. Majority of the losing traders (if not all) are traders who are uneducated about the market and who do not understand how to trade profitably. These will end falling by the wayside. No broker wants to spend money acquiring clients, only to have them quit the market after decimating their accounts in 90 days. With brokers realizing that such an arrangement is not good for business in the long run, many of them are now investing significantly into trader education. Videos, articles and webinars are the common means by which beginner traders are given an introduction into the forex market.

C) market research

Once traders get established on the platforms using trader educational resources, their trading activities can be sustained via the provision of market research tools, analysis and news feeds. Many brokers have incorporated this into their offerings as well. For the trader, this is a good thing.

Criteria to consider in choosing a forex broker

The criteria for choosing a forex broker have evolved over the years. While there are still some elements that are critical to the choice and which have remained constant over time, there are other parameters which have emerged and which will be considered below.

1. Spreads/commissions

Spreads are the primary cost to the trader. Lower costs mean that the trader will have a chance to retain more profits, or at least reduce the losses that may be incurred. Competitive spreads are now a factor used in broker selection. It may not be immediately obvious how much savings on spreads can translate to, but high volume traders such as scalpers know that when up to 300 trades are placed in a month, then savings from reduced spreads can be substantial.

2. Leverage

Leverage in forex is now a big deal. What started off in 2010 when leverage caps were introduced in the US by the commodities and futures trading commission (CFTC), has now been extended into the united kingdom and europe. Retail traders in the UK and EU have seen leverage caps reduced from as high as 1:500, to just 1:30 for major forex pairs. Minor pairs and cfds have even tighter leverage limits. This has increased margin requirements significantly. However, some brokers outside these jurisdictions have continued to maintain the high leverages, thus attracting traders who were caught out by ESMA’s decision. Some of the UK/EU brokers have also opened international divisions, where their international client accounts are being migrated to. So traders now have a choice of operating with the low leverage brokers, or the high leverage ones.

3. Regulation

Regulation will continue to remain a key factor in broker selection. Regulation ensures that traders are protected and that the trading environment is transparent and secure. The brokers presented on this site are regulated in their respective areas of operation, which ensures that traders who open accounts with them are assured of safety of their funds.

4. Broker type

A mention has earlier been made about direct and indirect access to the interbank market. As a trader, you need to know how each type of access will affect you. Market makers provide indirect access because they buy positions from the interbank market and resell them to their clients using a dealing desk. Market makers usually require smaller amounts of starting capital, provide fixed spreads, and tend to have more slippages and requotes. They provide a low barrier for market entry.

ECN brokers on the other hand, provide direct market access. They require large amounts as initial capital, provide variable spreads, but do not have slippages and requotes. However, they charge commissions on trades in addition to spreads. At the end of the day, the trader’s financial capacity will determine if a market maker or an ECN broker will be selected for the trading venture.

5. Trading resources

Trading resources are generally tools that are provided by a broker to enhance the trading experience and potentially improve a trader’s trading outcomes. More is not always better. In this case, it is about finding the broker that has the right mix of trading resources that cover analysis, news and market insight.

6. Customer support

Customer support can now be offered using a variety of means that were not in existence 10 years ago. Social media channels such as facebook and twitter, as well as messaging apps such as telegram can now serve as channels for receiving near-immediate responses from a broker’s customer support desk. Choose a broker with a diversified customer support structure which deploys these new means of communication.

Our list of forex brokers

The list below features best forex brokers selected by us for 2021 year. This list has been prepared after due consideration of all the factors mentioned above. In this list, you will find many brokers that are offshore brokerages with high leverage, or offshore divisions of EU/UK brokerages that can provide high leverage trading platforms to their clients. Feel free to read our forex broker reviews and make an informed choice based on the contents of this website.

Updated list of scam/fake bitcoin & forex investment websites

Hello dear reader, you must have stumbled on this article because you googled to find out if the bitcoin trading website you are trying to use is fake or real. Here is a detailed post on list of scam/fake bitcoin investment websites.

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Why are scammers increasingly using fake websites?

One obvious answer is, more and more people like me are telling the new comers not to send money through western union or a similar method to any individual, but rather to create an account with the broker and deposit the money to the broker, and that an account manager only needs trading account login to trade. This way the scammer does not get hold of the funds directly. This has obviously reduced the possibility of the scammers getting money from new comers. This also has resulted in anyone who asked money in such a manner to be immediately suspected of being a scammer.

The scammers who have seen this development have started pretending to be real helpers since they will not need to ask people to send money to them directly. But they too will act to be good guys giving good advice ‘create and fund you own account with the broker’. So someone who says this can’t be a scammer, right? So the unsuspecting victim creates an account with this ‘broker’ and deposits money. This way the money goes right to the scammers, no withdrawal is ever possible.

Daily list of scam/fake bitcoin & forex investment websites

These websites were obviously set up to scam people. If you have come across any such websites that are not listed here, please let me know. Please note that I will not post here the website of any registered broker, who is regulated by the regulatory body of a country.

The list of blacklisted websites

123tradeoption.Com

Abxmarketoption.Com

Activetraders.Club

Americantradingcouncil.Com – pretends to be the business licensing authority of USA

Ameritradeoptions.Com

Automaticfxoption.Com

Acetradeoptions.Com

Acmetradeway.Com

Aipcapitaltrade.Com

Alphaoptionstrade.Com

Apeloptions.Com

Atmxnet.Com

Automatedequity.Com

Auxiliaryoption.Com

Auxiliarymine.Com

Azcoinsoption.Com

Betaoption.Net

Biltonfx-options.Com

Binance-invest.Co

Binancetrade.Live

Binarycent.Com

Binarycent24.Com

Binarycashflow.Com

Binaryexpert.Org

Binary99.Com

Binarygiantfunds.Com

Binaryfxoptions.Com

Binarrylite.Com

Binarysignalsandinvestment.Com

Binarytrade360.Com

Binomo-trade.Com

Binoptia.Com

Bingoptionstrade.Com

Bitcoingoldexpert.Com

Bitcoinminingplan.Com

Bitcoinprotrade.Com

Bitcoin-vest.Com

Bitearn.Net

Bit-empire.Com

Bithubpay.Com

247bitcoincrypto.Com

Bit-cash.Club

Bitforexminer.Com

Bitoption24.Com

Bitoptionfx.Com

Btx-coin.Online

Bit-donor.Com

Bit-gold.Co

Bitmaxtrade.Com

Bitnexoption.Com

Bitprofit247.Com

Bitsload.Co.Uk

Bitworldzone.Com

Bitsyfarm.Com

Boastbitcoin.Com

Bofxsmartoption.Com

Boptions360.Com

Bostrades.Com

Botrades247.Com

Bqoptions.Com

Brave-options.Com

Btcbinaryworld.Com

Btchunters.Net

Btcinvest247.Uk

Btcbinarymate.Com

Btcexcelinvest.Com

Btc-expoit.Com

Btc-goals.Com

Btc-loan.Co

Btc-luno.Uk

Btcmaxs.Com

Btc-mine.Org

Btc-pools.Com

Btcpaying.Com

Btcproinvest.Club

Btcrevenue.Org

Btmglobal.Info

Btxoption.Com

Bullionoption.Org

Bulliontrade24.Com

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Note: jeff from bullionoption.Org contacted me and requested me to remove their website from this list. He said bullionoption.Org is regulated as SD bullion. But, SD bullion rejected this claim. Jeff was unable to give any proof of where and by which regulatory authority is bullionoption regulated.
Update: we can now see that the domain bullionoption.Org is actually owned by a nigerian.

If you are a representative or owner of any of these websites and you want to remove your website from the list, contact me and provide the registration and regulation numbers. If you provide proof of registration and regulation, I will remove the website address from the list immediately.

Here is a list of email addresses linked to scammers

Axtraderfunds19@yahoo.Com (neteller ID)

Saileekamp@hotmail.Com (neteller ID)

Anspackard555@gmail.Com(facebook scam posts recommend this email – talking to him revealed his scamming ways)

Whatsapp number related to anspackard555@gmail.Com : +1 872 302 7538

Palmer_shelliej77@yahoo.Com (paypal email – used by the same guy with the email anspackard555@gmail.Com)

Frankbaron02@gmail.Com (scam posts give this email – the facebook account recommends nixoption.Com mentioned above)

Alexanderwill1100@gmail.Com – (one of the scammers who operate btcbinarymate.Com)

Janevinsokunbi@gmail.Com (skrill ID – one of skrill ids used by ultimatepayoptions.Com)

Mrkelvincampbell@gmail.Com – related to ultimatepayoption.Com

Kelvinloanservice@gmail.Com – related to tradeopture.Com

+1(267)510-3413 – whatsapp number related to tradeopture.Com

Akspage@gmail.Com (skrill ID)

Ajmasjea@yahoo.Com (skrill ID related to dailytradeoption.Com)

+18482510450 (whatsapp number related to equitytrade24.Com)

Ebelesamson52@gmail.Com (skrill ID related to paceoptions.Com)

You can help me by sending me the links of scam websites and email addresses you come across. Even if you are not so sure, you can send the link and I will check it. Use the form below to contact me. Or you can also use the live chat to talk to me.

Best forex brokers for 2021

Role of forex brokers

A) access to the market

B) trader education

C) market research

Criteria to consider in choosing a forex broker

1. Spreads/commissions

2. Leverage

3. Regulation

4. Broker type

5. Trading resources

6. Customer support

Our list of forex brokers

In this season of giving, it’s time to thank and recommend forex sites / blogs that are very useful for forex traders. Here are my 20 picks.

With some of these forex sites, I have different kinds of collaboration which I’m happy with, and it’s also an opportunity to thank them. I’ll start with sites that don’t appear on my top 10 forex blogs list, and continue with those that are on the list – sites that regular readers know.

Forex factory: the largest forex forum has an excellent calendar and a wonderful news section I’m proud to be a member of.

Fxstreet: my collaboration with this multi-lingual forex giant is with daily outlooks as well as aggregated weekly forecasts and previews of big events.

Forex live: based on a blogging platform and publishing content like a twitter feed, forex live is there for you all the time. They include interbank moves that affect forex, constant news updates and lots more. It’s a great resource which I use daily.

Alphaville: A blog of the financial times, alphaville provides great analysis into macro analysis, helping understand the news behind the news. This sure widens my horizons.

Trading NRG: in a world with everything connected to everything, it’s important to keep up with oil, gas, gold silver. Trading energy does it superbly.

Forex TV: part of the growth in the industry means it has also video – forex TV leads this field. I’m happy to collaborate with julie sinha and provide commentary on a weekly basis.

Netdania: they have superb charting tools used on many important sites. They are fine tuning the software all the time. I use their graphs on a daily basis.

Currensee: the first forex social network has made huge steps forward in 2010. I truly believe in what they’re doing, and happy to work with them closely.

Fxtechstrategy: mohammed isah’s technical analysis site covers currencies, precious metals and commodities using many technical tools.

Dailyfx blogs: one of the biggest and widest forex portals has a busy blogs section, which I’m happy to participate in.

Winners edge trading: casey stubbs does a great job covering EUR/USD. His great posts about trading psychology are very insightful as well. Keep up the good work casey!

The forex articles: james woodley speaks his mind regarding forex strategies, forex trading ideas and weekly updates on trading. He also gave me the inspiration for this post.

Forex magnates: michael greenberg knows everybody in the industry and brings not only news, but sharp opinions I’ve enjoyed in this turbulent year in the industry.

Francesc riverola: CEO of fxstreet provides also covers the industry from within, and spices things up with songs and reports about his home town – barcelona.

Forex blog: adam kritzer brings forex opinions from the world’s second largest economy – china. His long term macro insights are always a god read.

Trading U – chicago blog: jay norris writes about psychological effects of forex trading, trading patterns, technical analysis and much more.

Forex blog: since 2006, the blog has grown into a great site with great resources. Andriy’s weekly technical lines are very useful.

Fxpath: james chen started his own site in 2010 and it looks great. He focuses on straightforward and accurate technical analysis and also provides forex lessons. Chen is clearly an authority in forex.

Currency thoughts: larry greenberg, a veteran currency economist brings forex news from many places all over the world, and in-depth analysis of current events.

Kathy lien– head of currency research at global forex trading (GFT). She provides interesting technical and fundamental analysis, forex signals and strategies. A significant part of posts are of her interesting TV interviews.

That’s it. Thank you, everybody. I hope I didn’t forget anyone…

I hope you’ve enjoyed forex crunch in 2010 and I have lots of plans for 2011.

About author

Yohay elam – founder, writer and editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding forex crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. In computer science from ben gurion university. Given this background, forex software has a relatively bigger share in the posts. Yohay's google profile

15 comments

Pingback: ending the year on a high note… | forexlive

Interesante lista. Voy a revisar los sitios que no conozco.

List of the best 23 forex brokers | trusted reviews

Are you looking for a good and serious forex broker? – then this page is the right place for you. Thanks to the large selection on the internet it is often difficult to make the right decision. With more than 7 years of experience in the financial markets, we present you with the best providers with top service and without hidden costs. Find out in the following texts how to select a secure forex provider and which online broker offers the best conditions.

Broker:	review:	regulation:	spreads:	assets:	advantages:	open account:
1. Bdswiss	(5 / 5) ➜ read the review	cysec, FSC	starting 0.0 pips + $ 2.0 commission per 1 lot	250+ (50+ currency pairs)	+ individual offers + trading signals + raw spreads + leverage up to 1:500 + best education + personal support

Watch our full video review about the best forex brokers (risk warning: your capital is at risk):

Strict criteria for the forex broker review

In contrast to many other comparison sites, we present you on this website only the safest providers with the best conditions for traders. As experts with many years of experience, we have tested many forex brokers and still use some of them. A good provider should have certain characteristics that guarantee good and safe investing.

It is not uncommon to hear of fraud on the internet. This is to be avoided by this comparison. In addition, one would like to save on charges as a trader because the costs for the trade reduce of course the actual profits. Also, the security of customer’s money is of high priority. A regulation or license, for example, is urgently needed for secure trading with international brokers. All these criteria and many more are included in the test. Therefore we can present you on this page the best forex brokers in a list.

Proven facts for a good forex broker:

Regulation and license of an official finance authority

High safety of customer funds

Fast and reliable market execution

Small forex trading fees and no hidden fees

No requotes (high liquidity)

User-friendly trading platform

Free and unlimited demo account

Professional support

Fast deposit and withdraw methods

How does a forex broker work?

A forex broker is an intermediary between a client (trader) and the interbank market for currencies (wikipedia). In addition, the broker can lend capital to the trader so that he can trade with leverage. The broker’s income is generated by the spread and the cost of financing the leveraged positions.

There are 2 different models of brokers: market maker and ECN/NDD broker

Example of live spreads for forex brokers

Market maker:

This broker does not place the trader’s orders directly into the real interbank or spot market. There is an internal matching system between the positions of the traders. Of course, the broker can hedge himself on the real markets so that there are no distortions in supply and demand. In most cases, this system can be opaque, and only as a broker employee, you know the exact functions. A market maker forex broker is not bad or scam. Nowadays, most providers offer good and exact executions.

ECN/NDD (no dealing desk) broker:

ECN and NDD mean direct access to the interbank market through various liquidity providers. These are large banks or very large forex brokers. The provider places the trader’s orders directly into the real market. So the customers get direct and real market prices for trading. With this model, there is no conflict of interest between trader and broker. Zero (no) spread accounts are offered.

Warning: only trade with regulated and licensed forex brokers

Security has the highest priority in online trading. When it comes to trading leveraged financial products, you have to be able to trust the forex broker. It is not uncommon for large sums of money to be used to generate a large profit. For example, brokers in europe must have regulations or licenses if they want to offer their services. The regulation can be in any european country. The same or almost the same requirements apply to brokers everywhere. In order to avoid fraud, it is important to look for such a license.

Licenses are only issued under certain conditions and criteria. If a broker violates these conditions, the license may be withdrawn immediately. All tested companies of mine are always concerned to keep the highest criteria and to guarantee a safe trade. Many brokers, for example, are regulated in cyprus. This has tax advantages. Nevertheless, there are also forex brokers with more than one regulation. The various regulatory authorities can be seen in the table above.

Facts of reliable and secure companies:

Regulation and license

Separated customer funds

Regulated deposit and withdrawal methods

Using well-known banks

Large liquidity providers

Another important point for serious trading is the security of customer funds. Payouts of winnings or the deposited amount should work smoothly. It was not uncommon for some brokers to speculate on customer funds themselves. In the end, withdrawals were refused or delays occurred.

How risky is forex trading?

Forex trading is managed by leveraged financial products. That means you are able to trade a bigger contract size than the amount of money in your account. Some brokers offer the leverage up to 1:3000. Many traders are afraid of the obligation to make margin calls and this is not without reason as the past has shown. Account balances could slip into the negative balance. This is possible due to extreme market situations and too large a position size in relation to the account balance.

The providers shown above all have no obligation to make additional contributions (except IC markets and vantage FX). With the providers in the upper table, you are therefore protected against such a scenario. In our experience, this can only happen if the account is too heavily leveraged. You should always beware of sensible risk management.

Beginners should always start with the free demo account to practice forex trading.

A demo account is essential for successful trading. The trading column form and conditions can be tested extensively with this account. It is a virtual credit account that simulates real money trading. It can be traded without risk. This means that new strategies can be developed or new markets tested. The demo accounts of the compared providers are completely free and unlimited. This account is best suited for entry into forex trading.

How to deposit and withdrawal money:

For most traders, the first deposit into their account is very exciting. It should work smoothly and be highly secure. Forex brokers offer well-known and proven payment methods. Capitalize the trading account with electronic methods (credit card, e-wallet, paypal, crypto) or with the classic way of bank transfer. Electronic methods work in real-time and the money is credited directly to the trading account. Trading can be started immediately. The minimum deposit at the compared brokers is very low. For example, you can open an account from as little as 1$. If this is worth it, you have to decide for yourself. There are no fees for deposits.

Example of payment methods of a forex broker

The payout is also very uncomplicated. With a few clicks, you can request a withdrawal on the menu. This is then released in 1-3 working days. However, most brokers payout customer money in less than 24 hours. All presented brokers passed this test. The fees can be high for small payouts. With payments over 200$, the most forex brokers take over the fees but some brokers do not charge any commissions.

Facts about the payments:

Instant deposit of money

Fast withdrawal within 1 – 3 working days

Electronic methods (skrill, neteller, paypal, and more)

Cryptocurrencies

Bank wire

Not every country is available for forex trading

Not every country is available for forex brokers and trading. This is because there are some restrictions and special regulations. For example, in some countries, an international broker needs a special license for that specific country. So it is too much afford for some companies to get the license and they stop taking clients from these countries. You can clearly see on the homepage which clients they accept. Not many brokers accept clients of the united states of amerika.

From my experience, the fastest-growing countries are in africa and asia. Because of the development of mobile internet, more people get connected to the forex market. India, nigeria, philippines, malaysia, and china are at the moment the fastest-growing countries.

Is forex trading legal?

Forex trading is fully legal if there is not any ban from the government. Forex trading is just changing money into another currency. This is not an illegal practice. The brokers on my review got official regulations so they act fully legal.

Review conclusion: start trading with a reliable forex broker

On this page, we have presented you with our current list of the top 23 forex brokers in comparison. Now you have a selection of good and reputable companies in front of you. It was particularly important to us that we only present providers here, which we have tested by ourselves with real money. This is not the case with most comparisons.

Profit now from the most favorable fees and the best conditions by my experience of many years. With these providers, you are 100% safe and can take your forex trading to the next level.

We hope you could learn something in this comparison and act now with better providers through my recommendations. If you can’t make up your mind, please also read the reviews.

Successful forex trading requires a good and reliable broker. In this review, we showed you the top 23 secure forex brokers. Now you can choose your professional trading partner.

Recommended top 10 forex brokers rating and reviews

Narrowing down the number of forex brokers to just the top 10 forex brokers in the world is complicated. However, we have made a list of the top 10 forex brokers and as with the previous lists; it took vast amounts of forex education.

Many of the experts who provide most of the forex education on our site made the top 10 forex brokers in the world list. They included in this process, many important things you should know.

Read on to find out how we know that this list contains only the best of the best.

1. Forex ratings

This is something we do mathematically. Calculating points is not an easy feat. We base it on so many things. Among them, one is forex education. To understand what it’s like to come up with a rating system, you first need to know what’s important.

When picking the top 10 forex brokers in the world, there is a criterion. The criterion helps us categorize features, services, and versatility.

Here is a list of some of the most important things we consider:

Regulation authorities

How old is the company?

Offices and branches

Commissions and spreads

Analytical services, reviews, and forecasts

Customer reviews

News about the company

ECN and PAMM accounts availability

Forex competitions

Education for free

Number of payment systems available

Automated withdrawals

Website performance

After doing the ratings, it becomes very easy to pick the names on our top 10 forex brokers in the world. As you can see, it is exhaustive. We examine all the angles we know you care about as the customer.

2. Customer reviews

This is a big part of something that we call ‘ social proof ’ in the world of digital marketing. The word of someone who has used service is worth more than an advert. We read through reviews left by customers to compile an acceptable top 10 forex brokers in the world list.

Reviews make up some points we use in the rating system. However, on their own, they represent accuracy. You want to know that the people telling you an FX broker is good to have the first-hand experience.

Reviews help with:

Providing a cautionary step before you take any action

Giving you social proof

Assuring you of credibility

Confirming the reliability of a company

We read as many of them as possible to form a clear picture of a company.

3. Reputation

The reputation of a company can help you know about it even before you meet anyone from there. Some of these companies are on the top 10 forex brokers in the world list because of reputation.

Several trusted financial authorities, experts in the forex market and customers speak well about them.

Most of these top 10 forex brokers get their name out there by doing things that include offering free forex education on their websites. We look out for where they get mentioned, why and the impression we get from that.

Read on to find out which ones will be the best for you.

4. Regulation authorities

When it comes to forex brokers, we always want to know that they are regulated. When they are not, it becomes a problem because this lack of regulations opens up doors for fraudulent operations.

Before you sign up with a broker, always make sure that they are appropriately regulated. When you check the bottom of the website for any broker, you will find a license number, if they are genuine.

If you do not see it, ask them for it or avoid them because that is a red flag that they may not be who they say they are.

If they have the number, just copy it and check for their name on the website of the regulator that they claim oversees them. If you do not find it, you should know that they are lying. Some of the most well-known regulators in the world are:

ASIC – australian securities and investments commission

Bafin – the bundesanstalt für finanzdienstleistungsaufsicht (germany)

CFTC – commodities and futures trading commission (united states)

Cysec – cyprus securities and exchange commission

FCA – financial conduct authority (united kingdom)

FFMS – federal financial markets service

FINMA – swiss financial market supervisory authority

FMA – financial market authority (austria)

FSA – financial services agency

FSB – financial services board (south africa)

Financial services commission – BVI

Financial services commission (FSC) – mauritius

IFSC – international financial services commission

FSP NZ – new zealand financial service provider

ISA – israel securities authority

MFSA – malta financial services authority

SEBI – securities and exchange board of india

VFSC – vanuatu financial services commission

UAE – abu dhabi central bank

With these, you can never go wrong. If the broker is not certified by them, they do not qualify for our list of the top 10 forex brokers in the world. The more the regulation, the better. However, it is not the only metric that makes the companies qualify.

5. Commissions and spreads

The opportunity for a broker to take advantage of you comes in when they do not come clean about the charges. When we look at the commissions and spreads, we want to see them at the industry standard or even lower than usual.

To be clear, we do not pick the top 10 forex brokers in the world because of unusually low fees. The trading fees need only to be reasonably low and not too low. When the deal starts to look too good, always be careful because that is a sign of a scam broker trying to get you.

In picking the top 10, we look at the brokers with the lowest spreads among the points that we look at. When they allow you to make profits reasonably, we add them to our shortlist as we check the other things.

Sometimes, the brokers might advertise a low spread and not have it. In most markets, the aim for most traders is to look for the lowest spreads because they allow you to trade cheaply. So, we make sure to look at the validity of the claims before picking them for this list.

The trader wants to have a profitable strategy that will allow them to lower the transaction costs, as much as possible. Since the spread is the difference between the bid and asks prices, standard accounts will try to charge as much as they can without oppressing the trader too much.

6. News about the company

Knowing as much about a company as possible, require that we look through their past to make sure that they are not hiding something that could be potentially damaging to the clients that they serve. The top 10 forex brokers in the world are the ones with a good track record.

Any company that is worth making it to the list would be in the news in one form or another. We also check what the people who signed up for it say. This helps us have a clear picture of what a company is all about so we can give you accurate information when we compile the top 10 forex brokers list.

7. Education

Most of the top forex brokers in the world know that education for their customers is an essential thing. So, it is not uncommon to find that they provide it. Even the most professional traders know the value of information and will check information before they make a decision.

Having all the information you need for any of the things you need to do in the market is handy. Education forms the backbone of all traders who make it in the market.

8. ECN and PAMM accounts availability

Many of you do not know where to look when trying to find the best ECN brokers online. In our list of the top 10 forex brokers in the world, we have listed some of them who have ECN accounts. With these accounts, you get direct access to liquidity providers.

PAMM accounts are a little trickier. With them, you make use of other traders who are more competent than yourself. They trade on your behalf, for a percentage of the profits. To be on the safe side, you should not go independent when it comes to this.

We have listed the best companies that offer access to this service, it allows you to make money without having to do all that work or take risks as a novice who may not be able to thrive in a competitive market.

To wrap up

The process of picking the top 10 forex brokers in the world is not an easy one, but we had fun doing it because it allowed us to know more about an industry that is one of the biggest in the world. As a trader, you will be safe when you go with any of these choices.

To make sure that no one has to fall prey to scams, we also prepared lists for those who want to know how to avoid scams, lists of true ECN accounts and other reviews that will complement this one to create a fuller picture that will make sure you are adequately prepared when you step out into the world of forex as a trader.

So, let's see, what we have: want to learn more about forex trading? Looking for websites to help? Here's a list of 11 of the best to help you out. At forex website list