Chúng ta có nên giao dịch với các nhà môi giới ngoại hối lớn nhất trong thị trường giao dịch tiền tệ không? Thị trường ngoại hối không ổn định, và điều quan trọng là chọn các nhà môi giới đáng tin cậy để giao dịch. Quan trọng hơn, để tiến xa hơn trong trao đổi tiền tệ, các nhà giao dịch cần một bối cảnh chuyên nghiệp để thực hành. Tuy nhiên, có rất nhiều nhà môi giới lừa đảo có thể nhận dạng được trong thời gian ngắn bên cạnh những người đáng tin cậy. Họ tạo ra tín hiệu sai để lợi dụng từ các thương nhân sau đó biến mất như một con ma.

Các nhà môi giới lớn nhất hàng đầu có lịch sử lâu dài vững chắc để chứng minh tên, phát triển và mở rộng. Nếu bất kỳ điều xấu xảy ra, bạn có sự bảo vệ với quy định hoặc hỗ trợ từ văn phòng khu vực. Đối với các quốc gia của bạn, họ có thể đã đặt một văn phòng, nhưng nó có giá trị giao dịch hơn nhiều quốc gia khác. Hơn nữa, trong thời gian SEO, thứ hạng trên tất cả các công cụ tìm kiếm làm cho mọi thứ khó tin hơn. Do đó, giữ bình tĩnh và cẩn thận trong nghiên cứu của bạn. Trong bài viết này, chúng tôi cung cấp 5 tên để bạn xem xét về các nhà môi giới ngoại hối lớn nhất, dựa trên điều sau:

Dịch vụ: Lan truyền / Ủy ban, Thi hành và Hệ thống thanh toán.

Độ tin cậy: Nhiều năm hoạt động, Lịch sử lừa đảo và Bảo hiểm.

Bảo hiểm: Quy định, Hệ thống hỗ trợ và Mục tiêu của Nhà môi giới.

Kết quả: Khối lượng giao dịch Forex và Dữ liệu tìm kiếm trực tuyến.

Mỗi nhà môi giới có sức mạnh riêng và các mục tiêu cụ thể. Nghiên cứu cẩn thận để tìm ra phù hợp nhất với bạn. Đề nghị của tôi:

• Bạn đang sống ở Mỹ, Forex là lựa chọn tốt nhất.
• Bạn đang sống ở châu Âu, ngân hàng Saxo và Exness là tốt nhất.

Bạn muốn đầu tư vào thị trường tiền tệ châu Á và châu Phi, hãy chọn Exness, với tài khoản Exness Cent.

1. Exness – 395 tỷ đô la

Exness bắt đầu vào năm 2008 và sớm trở nên nổi tiếng với giao diện người dùng thân thiện và điều kiện giao dịch đặc biệt phù hợp với tất cả các nhà giao dịch, từ người mới đến nâng cao. Exness cung cấp tốc độ thực hiện nhanh nhất và giao dịch miễn phí, tất cả tiền gửi và rút tiền là ngay lập tức khi có yêu cầu. Một ưu đãi về đòn bẩy giao dịch không giới hạn cho các tài khoản Cent, Mini và Classic chưa từng thấy trước đây và duy nhất với Exness. Ngoài ra còn có tài khoản ECN có thể truy cập trực tiếp vào thanh khoản của Interbank.

Về các dịch vụ khách hàng, Exness cung cấp nền tảng MetaTrader phổ biến bao gồm MT4 và MT5 mà nhiều nhà giao dịch tìm kiếm, nhưng đó là những lựa chọn duy nhất từ các nhà môi giới. Bên cạnh nhiều quy định từ nhiều quốc gia và khu vực (nhưng Hoa Kỳ), Exness cũng có hệ thống hỗ trợ đa ngôn ngữ với một loạt các văn phòng khu vực. Hỗ trợ trực tuyến có sẵn 24/7 với các trang web đa ngôn ngữ gồm 18 ngôn ngữ.

Trong những năm gần đây, Exness LT (New Zealand) cũng đã được công nhận bằng cách giành được các giải thưởng là Best Best Executions,, Best Best Management Management, và Best Best Broker tốt nhất trong cuộc thi World Finance Media. Năm ngoái, ngày 31 tháng 7, Exness đã công bố tài trợ chính thức với Real Madrid – đội bóng nổi tiếng của Tây Ban Nha và Cristiano Ronaldo – với tư cách cá nhân. Nhà môi giới này cũng nổi tiếng trong cộng đồng thương nhân châu Á với Tài khoản Exness Cent không có tiền gửi tối thiểu. Tài khoản trực tiếp Cent được cung cấp bởi các nhà môi giới nhỏ chỉ để giúp các nhà giao dịch mới thực hành ngoại hối.

2. Ngân hàng Saxo

Ngân hàng Saxo là một trong những tên đầu tiên trong giao dịch ngoại hối và được biết đến như một trong những nhà môi giới đáng tin cậy nhất. Được thành lập vào năm 1992 như một ngân hàng đầu tư của Đan Mạch chuyên giao dịch trực tuyến, Ngân hàng Saxo đã phát triển một nền tảng giao dịch tuyệt vời thống nhất tất cả các phiên bản máy tính để bàn, web và di động đạt được nhiều giải thưởng: Nền tảng Forex bán lẻ tốt nhất, Gói biểu đồ tích hợp, Công cụ và tính năng mạnh mẽ.

Bên cạnh các nền tảng nổi tiếng, Ngân hàng Saxo cũng cung cấp các chương trình giáo dục nơi bạn có thể dễ dàng tìm kiếm trên Học viện Ngân hàng Saxo. Có nhiều khóa học khác nhau, từ cơ bản đến nâng cao, với kiến thức cập nhật từ nhiều nghiên cứu.

Là nhà môi giới đáng tin cậy hàng đầu, Ngân hàng Saxo đã quy định tại nhiều viện lớn như một ngân hàng Đan Mạch. Quan trọng nhất, Ngân hàng Saxo đóng một phần của Bộ luật Toàn cầu FX với sứ mệnh phát triển và nâng cao tính toàn vẹn và minh bạch trên thị trường ngoại hối toàn cầu.

Ngân hàng Saxo cung cấp điều kiện giao dịch cạnh tranh bằng các dịch vụ thanh toán ổn định từ ngân sách khổng lồ của Ngân hàng. Đổi lại, tiền gửi tối thiểu cao đáng kể với 3 tài khoản giao dịch cho mỗi nền tảng. Tài khoản cổ điển yêu cầu khoản tiền gửi tối thiểu 10.000 đô la; Tài khoản Premium – $ 100.000 và Tài khoản bạch kim – $ 500,000. Ngoài ra, thương nhân Hoa Kỳ không được chấp nhận trong môi giới.

3. Forex – $ 185 tỷ

Forex.com cung cấp nhiều nền tảng mạnh mẽ trên mọi thiết bị điện tử với hệ thống học tập điện tử để hỗ trợ các nhà giao dịch mới có kiến thức cơ bản về ngoại hối. Trong vòng 17 năm, Forex đã ký nhiều hợp đồng với nhiều ngân hàng quốc tế trên toàn cầu để tăng cường hệ thống thanh toán và nhiều dịch vụ khác. Các nhà môi giới được tin tưởng cho nhiều trung tâm điều tiết mạnh mẽ từ Hoa Kỳ, Anh, Canada, Nhật Bản và Úc. Ngoài ra, Forex.com cũng đã giành được phần thưởng cho nghiên cứu và phân tích tốt nhất của FXStreet trong năm 2014 và 2015.

So sánh với Ngân hàng Saxo, nhà môi giới cung cấp nền tảng học tập điện tử tốt hơn bên cạnh Trung tâm giao dịch, giúp nghiên cứu và phân tích kỹ thuật. Forex.com cung cấp các tài nguyên tự học tuyệt vời bao gồm các bài học cơ bản để nâng cao nền tảng giao dịch thực và tài khoản demo với số tiền ảo 50.000 đô la.

Forex.com chấp nhận thẻ tín dụng hoặc thẻ ghi nợ và chuyển khoản ngân hàng. Đối với khoản tiền gửi ban đầu tối thiểu, Tài khoản Mini là $ 250. Phạm vi của các giao dịch tối thiểu và tối đa là từ $ 30 đến $ 10.000. Hỗ trợ trực tuyến có sẵn 24/7. Nhược điểm chỉ là loại hai tài khoản tùy chọn cho các nhà giao dịch.

Forex.com đã thành công trong việc phát triển nền tảng FOREXTrader PRO, dễ dàng cho khách hàng truy cập từ một nơi. Các thương nhân thích nền tảng mạnh mẽ vì tính năng Biểu đồ tự động của nó. Điểm yếu của nó nằm ở phiên bản di động với ít chức năng hơn.

4. FXCM – $ 108 tỷ

Thị trường vốn Forex được thành lập năm 1999, Mỹ và bắt đầu với nền tảng giao dịch dựa trên web. FXCM được liệt kê trong số các công ty tăng trưởng nhanh nhất bởi Inc. 500 Danh sách các công ty tăng trưởng nhanh nhất của Mỹ trong ba năm liên tiếp. FXCM đã được phê duyệt theo quy định của các khu vực tài chính lớn.

FXCM rất mạnh với hệ thống giáo dục của mình trên nhiều nền tảng khác nhau. Có hai tài khoản demo để đào tạo trong vòng 30 ngày, với quỹ 2.000 đô la cho bản demo nhỏ và 50.000 đô la cho bản demo tiêu chuẩn. Tuy nhiên, bạn cần tách tên người dùng và mật khẩu cho các loại tài khoản khác nhau. FXCM cũng cung cấp hỗ trợ trực tuyến 24/7 với hơn 20 ngôn ngữ và đối với điều kiện giao dịch, điều đáng chú ý là FXCM có mức chênh lệch cực thấp, thấp tới 0,5 pips.

Đối lập với Saxo Band và Forex.com, FXCM không tập trung vào việc hợp nhất, nhưng kết hợp với nhiều bên thứ ba cho phần mềm và tiện ích bổ sung. Do đó, FXCM cung cấp các khóa học giáo dục với các tài nguyên cao cấp để giúp các nhà giao dịch thấy mình phù hợp với thị trường.

Thật không may, trong những năm 2015 và 2016, FXCM đã gặp rắc rối lớn về tài chính đối với châu Âu, dẫn đến khoản lỗ 225 triệu đô la, sau đó rút ra khoản vay 300 triệu đô la từ Tập đoàn quốc gia Leucadia và một trang web lớn đã bị bán tháo. Hiện tại, thành viên Leucadia đang được bổ nhiệm làm chủ tịch hội đồng quản trị FXCM. Trong năm 2017, FXCM đã làm thất vọng nhiều nhà giao dịch ngoại hối vì họ không còn chấp nhận khách hàng Hoa Kỳ vì mất giấy phép quy định của Hoa Kỳ và rời khỏi thị trường Hoa Kỳ.

5. XM – 300 tỷ đô la

Năm 2009, sau Exness, XM tham gia thị trường ngoại hối. Nhà môi giới đang chạy nhanh trên cuộc đua để trở thành người nhanh nhất với người chạy nước rút người Jamaica Usain Bolt làm Đại sứ chính thức. Phương châm của XM: Tấn Usain Bolt là XM và XM là Usain Bolt. Giờ đây, XM đã hỗ trợ cho đến 30 ngôn ngữ năm ngày một tuần với 16 nền tảng giao dịch mạnh mẽ đầy đủ tính năng. XM cũng có 40000 tìm kiếm vào tháng trước trên Google – cao nhất, tiếp theo là Exness với 36000.

Tại XM, các khoản thanh toán Moneygrams và Western Union được chấp nhận và không yêu cầu ký gửi tối thiểu. Nhà môi giới này cũng có nhiều phần thưởng và khuyến mãi khổng lồ: có những ưu đãi hạn chế với 100% tiền thưởng lên tới 5000 đô la cho các khoản tiền gửi mới và các nhà giao dịch có thể kiếm được phần thưởng tiền mặt vô hạn và tiền thưởng tín dụng với mục nhập vào Chương trình khách hàng thân thiết XM, nhà môi giới cũng cung cấp theo mùa đặc biệt tiền thưởng là tốt. XM đang dẫn đầu lĩnh vực giao dịch trực tuyến với cam kết tự. Các nhà đầu tư vào People, tổ chức có trụ sở tại Vương quốc Anh, đã biểu thị XM cho những nỗ lực của mình trong việc giúp đỡ khách hàng dưới danh tiếng của XM.

Chỉ có hai loại tài khoản, nhưng XM cho phép tất cả khách hàng mở tối đa 200 vị trí cùng một lúc, bao gồm các đơn đặt hàng đang chờ xử lý. Ngày nay, các nhà giao dịch đang tìm kiếm một nhà môi giới MetaTrader được quy định cung cấp cả MT4 và MT5, như XM và Exness. Donith có hệ thống giáo dục mạnh mẽ, nhưng XM tổ chức các hội thảo và hội thảo quốc tế thường xuyên, giúp khách hàng tìm hiểu thêm về các dịch vụ XM và đăng ký để có nhiều cơ hội hơn.

To be honest, when I were asked who would be the best ECN brokers, I could not give out the answer straightaway. Not only me, but other traders had also experienced the same situation. The main point is there is no absolute standards to evaluate the best ECN brokers, the best selected brokers for traders would depend on the countries they are living in and their trading plans. I would not really agree with some opinions claimed that brokers form the United State (US) and United Kingdom(UK) are the better than other brokers in the world. Even when they are more reliable, they could not offer many benefits to the traders like lower spread and commissions, lower margin or better trading platforms. A good example here would be brokers in Cyprus. But you don’t need to be so worry if there is no perfect criteria for you to follow, I would share with you some of my measurement when I evaluate an ECN broker. This measurement, of course, have been used by many experience ECN brokers before. Below are three main measurement you should take into consideration.

• Reliability

• Lower trading cost

• Lower spread and condition

• Satisfied local supports

• Well organised payment systems to reduce the deposits and withdrawal fee

• Better rebate

• Desirable bonus

• Good trading conditions

Don’t worry if there are lots of category you haven’t heard before, let me explain the importance of each of these criteria. Additionally, we also introduces you top 5 ECN forex brokers chosen by many traders worldwide in the table below:

1. Reliability

This is the most essential standard when you firstly choose a best forex broker. As you have known, most of ECN traders are big and experienced, they usually deposit hundreds or thousands of dollars to trusted brokers. They prefer to pay more trading cost to prevent themselves from bad brokers.

So How to know which brokers are the reliable ones? The answer is straightforward, you need to check their licenses. Licenses are offered to the brokers by either profit or non-profit organisations. Each regulation has its own criteria that brokers must follow including:

• Maximum Leverage

• Quotes quality

• Broker’s minimum operation fund.

• Bonus

• Segregated accounts to protect clients.

• Advertising messages to avoid misleading for traders.

In order to get regulations, brokers have to satisfy all of the standards before being evaluated by the organisations. Hence, it is not easy to get a regulation and the more trustworthy a regulation the more reliable that broker is.

However, licenses also have their disadvantages such as high spread and commission, higher margin requirements, less trading platforms supported, less payments method choices, etc. Even when brokers have to pay regulation fee, the regulations prohibit the brokers from setting a high leverage, leading to low trading volume, finally causing to lower income. Additionally, a regulated broker must have an isolated account for client-fund insurances’ payment. So it means that their income will reduce even lower because they have to pay costs. Therefore they have to charge higher spread or commission, this indicates that the more licenses they have, the less competitive advantages they are. Although brokers with licenses in the United States (US) and the United Kingdom (UK) are the most reliable comparing to the rest of the world, but the regulations don’t protect the traders outside of these two countries. So it does not make any sense for Asian and African traders to pay a large amount of money for the American or British brokers but receive no protection in case there is any problem.

In my point of view, the more licenses a broker get doesn’t reflect how good that broker is. Licenses are important because it illustrates a broker’s standards, but remember, the more regulations the more costly. So quality is more important than quantity, a good broker just need to have one reliable regulation to prove that they are following trustworthy financial criteria and the company is having good financial health. Here are some licenses that popular brokers have:

As you see, they all got at least one reliable regulation such as CySEC, FCA, ASIC. Now I will explain the reason why these brokers are more reliable than other brokers from the United State and Europe.

These brokers are more reliable to the traders because for only one reason, they are in top largest forex brokers:

• Exness - the largest forex broker earns $400 billion per month.

•    XM  monthly Trading volume is $300 Billion

•    FxPro monthly income is $ 100 Billion.

In my perspective, a reliable brokers must have a positive relationships to the size that brokers are. All these retail brokers have existed in the market for around 10 years and there isn’t any scam report. Most of the complaints on the social network are because of new traders don’t understand the trading system. For instance, many traders complained about Exness trading platform: they git Stop Loss when the price weren’t hit stop loss prices. Because Exness price chart is Bid price, and Stop Loss will be Ask or Bid Price depends on your buying or selling position. Check for Exness scam, click here.

2. Low trading cost

The United State brokers usually charge much higher spread and commission. An example is while Forex.com charges from 1.7-2 pip for trading EUR/USD, all listed above brokers charge very little spreads, approximately 50% lower than the US brokers. ECN accounts charge from 0.0xx pip spread and from $5 to $7 for each lot. Exness is the one charging the lowest spread, which is from 0.0xx pip and sometimes the spread come down to zero. It only charges $5 commission per lot while ICMarket charges from $6 to $7 and XM charges $6.

The payment systems are more beneficial for Asian, African and Australian. Despites the fact that the US and UK brokers offering lots of benefits for their domestic traders, their systems for foreign traders are not as good as it supposed to be, especially for Asian and African traders. As I am an Asian trader, my bank will charge me from 1.7% to 4% of my fund if I deposit by Credit Card. It’s hard to earn 5% per month but I have to pay 4% just for depositing, so it is make no sense to me for doing trade with those brokers. Hence, choosing ECN brokers offering local payment systems is necessary. Based on the experience I have when trading with many brokers, and I considered Exness payment system is the best. They not only offer over 30 different payment methods helping the customers to have a wider choices, their local payment systems are also free-charged. Additionally, I also don’t have to spend hours or days to withdraw my fund, since Exness withdrawal system is spontaneously, I could get my money back within seconds or I also can withdraw to my bank accounts within few minutes. It’s remarkable because there isn’t any broker could do that.

One main reason explaining the fast speed of Exness system is the automatically system which does not need any finance guys to participate in the process. The system will check the matching between the withdrawal information and your ID, and return your money immediately. Moreover, Exness also has to invest a big amount of money into these systems including e-wallets, banks, and local payment systems to keep all transaction run smoothly and automatically. Check Exness Payment system here.

Offer good rebates/bonuses

The majority of experts doesn’t matter how good rebates or bonuses are, because have been spending too much money to care more about brokers’ credibility, spread, wrap and payment systems. But in fact, rebates and bonuses also attribute to relevant cost. For instance, when you get $5 rebate per lot, it means you are saving 0.5 pip spread (if trading XXX/USD). For me, once the brokers are reliable, their rebates and bonuses program are extremely attractive.

In the listed of 5 brokers, only FXTM and XM offering bonus programs for beginners. The bonuses are very appealing since you could get $ 30 welcome bonus if you create accounts for the first time. And you also can get 100% bonus when depositing. Meanwhile, the US/UK brokers seldom offer bonuses due to the regulations of bonuses prohibition, this is also a disadvantage that I have mention earlier.

Get XM 30$ bonus here

Get FXTM 50$ bonus here

3. Satisfied local supports

Unlike the majority of brokers who offer online services only in English, these brokers support average more than 20 languages. They support the customers through live chat, phones and local offices. Their service is available 24/7 for the most common language like English, Chinese and Thai. In the forex trading market, supporting service is essential to traders. The traders will need lots of helps due to the complexity of the forex market, and it would be even more helpful if the brokers could offer the services in local languages.

These brokers are mainly work on Asian and African regions including the biggest forex markets like: China, Thailand, Indonesia, South Africa, Malaysia, Vietnam, Iran, Russia and Arabic. You could find their offices in China, Thailand, Indonesia, Malaysia and Dubai. In case the country you are living in don’t have regional offices, you could live chat or call them for the services. To be more specific with the number of languages they are supporting:

• Exness supports 13 languages and 24/7

• XM supports 30 languages and 24/7

• Hot Forex supports 27 languages and 24/7

4. Most desirable trading conditions

I have done a survey of 100 traders with a question “what type of Forex account do you think it is the best forex account for trading?” and the results was 95% traders think ECN account is the best account. However, in reality, 80% of them are trading in Market Maker and STP accounts.

Why their act is different from what they think it is right? The best benefit of ECN account is low cost and high transparency, but the drawback of it is volatility. Trading by ECN account is risky for beginners because its quotes are much more volatile than STP and MM accounts. Moreover, ECN slippages are higher, so quotes are not stable. In the consequence, there are lots of no-quote errors and gaps. One explanation is owning to the wild market of ECN, where hundreds or even thousands traders are cheating and taking each other advantages. Even when trading with a company (Market Maker) or a bank (STP) are more stable, we still need ECN brokers that can provide more stable quotes and less slippages.

Some people think that liquidity providers who will deliver to you better quotes. But the reality is not that simple, because these liquidity providers will contribute more quotes for themselves so they are not persistent. There will be lots of no quotes, slippages and gaps. But the 5 brokers I have mentioned did it differently. They get quotes from tens liquidity providers at one time and then they will choose the best quotes distributing to retail clients. It is much safer because if there is one liquidity provider got a quote problem, there still be nine more providers to them, who always having best quotes ; less slippages, gap and no-quote problems; as they are the top liquidity providers. Here are top 3 best ECN quote brokers.

As you may have known, MT4 and MT5 are the most 2 popular trading platforms, but they aren’t perfect. They are not compatible with some operation system like Windows Vista, XP; they also cannot be installed in some phones. That is one of the reasons why some brokers have choose to invest in trading platforms that could be observed and worked on the phones. FxPro and XM are leading in developing and improving trading platforms. Check XM trading

After all, here are some of my standards I would recommend to you when you need to find a suitable broker to your plan and trading conditions. Even when you might looking for other standards that you think they are necessary to your trading strategy on the way you go, the criteria I have just shared would be a useful knowledge when you do currency trade.

If you’re reading this article, I’d like to congratulate you on choosing the right path to start your trading career. You must have done quite a lot of researches already but you can feel rest assured now as I’m confident that this article is definitely the right guide for you. To start off, here’s our list of the best forex brokers for beginners.

XM.com: 9/10

Exness.com: 9/10

FBS.com: 8/10

First, I would like to share with you the misunderstandings of beginners.

Usually, beginners think that forex demo account is the best one for them. But in fact, demo account won’t work for beginners, and even has negative effects.

As beginners, you should keep away from ECN account as it’s only good for experts. It is very volatile, which means it has many slippages and gaps.

Research shows that 95% of beginners will lose money if they invest too much at the early stage. They may get 50-100% profit, and even up to 10,000%, but 99.9999999% of them lose all afterwards. Thus, I advise you should only keep your profit rate from 3 to 5% per month.

Some beginners think that trading on the news means that they should open positions within the news release time. But in fact, the best time for opening positions is 15 minutes before or after the release time.

Second, let learn about wrong knowledge traders get regards best brokers for beginners.

Honestly, I used to think that I had to trade with the best forex brokers, but after many losses, I realized that I was wrong. There is no definition of “best” but “the most suitable” in the forex trading world. Which brokers is appropriate for you will depend on your trading strategies, your experience and your country’s trading conditions.

Third, I will show you the criteria of best brokers for beginners.

Actually, there are many standards of best brokers. However, in this category, I just mention six most important standards of them.

• Low deposit requirements:

As you are beginners who only deposit small funds, no brokers want to cheat you. Instead, they will nurture you, so they will give you best trading conditions. In this case, you shouldn’t deposit more than $100 as you only trade a little amount of money, so you don’t need to care about the trading cost.

• Small trading lot requirements:

At first, because of less experience, you should open small positions. Some brokers like XM, Exness and FBS have Micro accounts and Cent accounts whose minimum trading lot is only 0.0001 Lot USD. With these accounts, you can deposit whatever you want as there are no minimum deposit requirements.

• Easiness:

As some brokers’ trading systems are complicated, here I give you some advices to deal with them.

• Choosing the easiest brokers

• Trading by web trade or web terminal at the beginning, then changing into MT4 or MT5

• Depositing by Visa or Master at the beginning

• Good local support:

I used to get some problems in terms of login, installing MT4 and 3D security of Credit Card, etc. when I first traded. Therefore, I suppose it will be easier and quicker if your supporters can speak your native language.

• Reliable brokers:

This criterion is not very important to beginners as they only deposit small amount of money; they hence can trade with any brokers they like. However, when they get enough experience and knowledge, they will want to invest bigger amount of money. At that time, this criterion will be very significant and necessary to them.

• Good trading and coaching programs:

Some brokers offer weekly or monthly training programs for clients. They usually ask you to deposit big amount of money. You shouldn’t do that unless they are in the list of TRUSTED FOREX BROKERS IN 2018.

Four, I will give you the list of three best forex brokers for beginners.

XM.COM: 9/10

EXNESS.COM: 8.5/10

FBS.COM: 8/10

XM is a little bit better than Exness as it allows you to open smaller positions (0.00001 lot USD) and has many training programs.

Exness is the largest retail forex broker. It has cent account which you can open as small position as 0.0001 USD. Its advantages are the support and payment systems.

FBS also has cent account as well as good support and payment systems. But it only offers good services in countries where it has offices.

Fifth, let find out whether or not beginners should join demo contest for practicing.

Usually, we think that demo contests are for beginners to practice. However, all demo contest winners are professional traders. Most of them are Chinese, Thai and Indonesian. Their profitable rates are 10,000%. That means they are using robot trading to win demo contests.

As beginners, you cannot win such high profitable rates. They will waste your time and affect your trading strategy as they focus on profit and ignoring risks.

Final, the last thing I would like to share is my advices for beginners.

• Trading with Micro or Cent account

• Depositing less than $100 for the first month

• Learning risk management

• Not using robot trading. It’s only suitable for experts as they know how to customize the robots to follow their trading strategies.

• Not falling if someone asks you to deposit thousands of dollars and promises the profit rate up to hundreds percent per month. That’s because the higher the profit is, the higher the risk will be.

In conclusion, understanding all about best brokers for beginners is not an easy thing. It requires time, patience and some other factors. But with my short article, I hope it can help you, at some levels, dig in much deeper with the awareness of best brokers for beginners.

With the experience of two years trading with different forex brokers, many people invite me to advise them on the brokers so that they can begin with the best forex broker in 2020. According to me, it is difficult to say exactly which one is the best. However, I will give you a comparison about them in different features, and then you can select the one that is most appropriate for your trading strategy and needs.

In my opinion, top ranked brokers would deliver to their traders good trading conditions, best tools and great support. Additionally, their reputation and security should also be considered before you do the first trading. I will choose some giants in the Asian forex market to make the comparison namely Exness, FxPro, Hot Forex, XM and FBS etc.

1. Low Spread

Brokers usually don’t charge commission on regular account, so spread is their main income. Spread is defined as the difference between the ask price and the purchasing price. Traders of course love brokers who offer low spread. Exness, FBS or Hot Forex are the ones who offer low spread which is around 1.1 pip for the most common currency pair- EUR/USD.

2. Low Commission

Besides from regular account we also have ECN account, it is an account for professional and big traders. Since the spread for ECN account is almost none, therefore commission is usually charged by most of the brokers. The lowest commission charge is Exness, who only charge 2.5 USD for each lot traded.

3. Minimum Deposit

It will be so risky for a new trader to deposit a large amount of money when starting. However, this risk is not appear to experienced traders, so they usually partner with  big brokers such as FXCM or Forex.com who require a lot of minimum deposit, $2000 and $500 orderly. In contrast, smaller traders often choose to work with Exness and FBS (at least $1 deposit) or Hot Forex ($5) because they only demand a little for the minimum deposit. To understand what account you should open, please click this link.

4. High Leverage

Generally speaking, Western brokers in countries like the United States, United Kingdom or Japan could not offer the traders low leverage because they are prohibited by the government law. Meanwhile, Asian brokers are not controlled by this law, hence they could offer their customers with very high leverage. Henceforth, Asian traders really benefit a lot more than Western ones when we talking about leverage. Here are some examples:

• Exness: For accounts with less than $1000 and having traded more than 5 lots, the leverage is unlimited. For accounts with over $1000, it is up to 1:2000.

• Hot Forex: up to 1:1000.

• FBS: up to 1:1000.

• XM: up to 1:888.

5. Trading Volume

In my opion, in order for new traders to search for a reliable broker, they should not forget to look at that broker’s trading volume. It is because the trading volume of a broker is positively related to the traders’ believe putting on that broker. If there are approximately millions or thousands traders choose to believe in that broker and doing transaction with that one, so why don’t we?  Here are the monthly trading volume of some big forex brokers.

• Exness: $323 billion a month.

• Hot Forex: $280 billion a month.

• Forex.com: $185 billion a month.

• FXCM: $108 billion a month.

You and I could clearly see that Exness is the most preferable broker choosing many traders per month.  And if you would like to participate in a trading contest, don’t refuse to visit this page.

6. Reputation

Even when a reputation of a broker is judged based on many aspects, I will only choose the most three important ones that you should prioritize when evaluating a broker’s reputation. To understand more about Exness, please click here.

    License:

On one hand, licenses from such popular agencies in the forex market like ASIC (Australia), CySEC (Cyprus), FSA (Japan), CFTC (United States), NFA (also United States), and FCA (United Kingdom) always make brokers becoming reliable. On the other hand, those licenses will prevent brokers from offering traders best trading conditions such as low spread, high leverage, low commission, as they have to pay an amount of fee to those agencies.

    Audit:

Similar to licenses, brokers that are audited by big accounting firms namely Deloitte, PWC,EY and KPMG, are really reliable regarding to the approval from those audited companies about the accuracy and transparency of those brokers. Speaking of transparency, you should go to a broker that has a high transparency value. Currently, I consider Exness and FxPro are top two reliable brokers because they public all their financial reports and information on their websites. Moreover, Exness also demonstrated the position their bank account is to everyone.

Search Traffic:

Similar to the trading volume, the frequency of people searching for a broker indicates how trustworthy that broker’s performance is. Since the more people searching for them, the more professional their performances are. Here are some brokers that are most searched online, the result is collected from Google Keyword Planner.

• XM: 40,000 search monthly.

• Exness: 36,000 search monthly.

• FBS: 30,000 search monthly

7. Withdrawal time

Traders always pay attention to the withdrawal time of a broker. From my observation, when we trade with national brokers, the withdrawal time might be shorter but it is also more risky. On contrary, international brokers take a longer time (sometimes up to hours) for a trader to withdraw or transfer money but they are more reliable, therefore you need to find a trader has the shortest withdrawal time so you can follow you plan strictly. I would recommend a star in this field to you, Exness is a broker who has the shortest withdrawal time since all of the work is done spontaneously by the system so the tasks are performed within milliseconds.

8. Customer care

Last but not least, a good customer service also demonstrated how thoughtful a broker is because the forex market is tough and complicated so people always in need for advices and instructions, especially the beginners. Additional not everyone could speak English fluently, especially for Asian traders, so good brokers should be available 24/7 not only to answer the questions but also can support them in different languages. Famous and big brokers like Exness, FBS, FxPro and XM all provide satisfied customer service (24/7 availability and multiple languages) for their clients.Have you heard about Exness customer service? If have not click here.

Making a decision on a broker that will be suitable to your conditions and strategy is not an easy task and it is very important when you first doing trade.  After reading this article, I hope you will know what criteria should be considered when you come to a new broker. Almost all favourable brokers are the same, however, each of them have their unique key feature. Hence it is your choice to pick up the best one for you. To know more about top best forex brokers, please click this link.

This article is be referenced from top5fxbrokers.com, you can see more in here.

Many people who just entered the industry will get confused about so many brokers. And because they think spread is the only cost you pay when trading, they tend to search for a low spread broker. I can easily recommend you a top 5 lowest spread brokers, but, before we reached to the list, I would like you to make sure that the lowest spread brokers do the best for you. Why? Because what you paid wasn’t just spread, and the lowest spread might not as good for you as you expected.

1. DIFFERENCES BETWEEN SPREAD AND COMMISSION

There are three types of forex brokers which are Market Maker, STP and ECN. As Market Maker and STP brokers’ main income is spread, and they add spread into the quotes they get from liquidity providers, their spread is higher compared to that of ECN brokers. For ECN brokers, they offer the exact quotes received from liquidity providers, so they have to charge commission as it’s their main income.

From that, we can see that there are three factors differentiating between spread and commission.

1. Spread is Market Maker and STP brokers’ main income.

2. Commission is ECN brokers’ main income.

3. For ECN accounts, spread is nearly zero, so the main fee you have to pay is commission.

As it is too long to review all types of brokers, here I just show the list of top 5 lowest spread brokers for your consultation. If you want to learn more about them, just click on their names.

1. Exness.com

2. Hotforex.com

3. FBS.com

4. XM.com

5. FxPro.com

2. WAYS FOR SELECTING A GOOD LOW SPREAD BROKER

As there is a dozen of low spread brokers, choosing a good and appropriate one is not easy. Here I recommend some standards of good low spread brokers which you can refer.

• Regulations: Choose a broker that is regulated in your country. In the event that your country has no regulated brokers, choose a reliable and low spread one.

• Local payment systems.

• Low spread and commission.

• Perfect local supporters.

3. REASONS WHY US AND UK BROKERS’ SPREAD IS HIGHER

We know that US and UK are two largest forex markets in the world. However, their spread and commission are less competitive as they are higher than others. Before explaining the reasons, I would like to share with you the table below regards spread and regulations of top 5 lowest spread brokers.

From the table, we can see that Exness has the lowest spread; US and UK have the highest spread.

Now I will explain the reasons as followings:

With US and UK regulations, those brokers are not permitted to offer high leverage, but they have to pay regulation fee. Therefore, they have to charge more spread and commission.

So, if you are Asian scalpers, Exness is the best forex broker for you. If you are African traders, XM and FxPro are the best. If you are US traders, Forex.com is the number one. If you are European traders, XM, FxPro and Exness are perfect choices for you.

4. SORT OF TRADERS WANTS TO TRADE WITH LOW SPREAD BROKERS

Traders compose of two types which are scalpers and long-term investors. Scalpers are traders opening and closing their positions in short time, usually less than a month. Their main transaction costs are spread and commission, and they only earn some pips for each order. Thus, they prefer low spread brokers. Contrarily, long-term investors keep their positions longer. They can earn hundreds of pips per order, so they don’t care about spread and commission. But they sometimes have to pay 90% of their profit for swap as it is their main transaction cost. For them, low swap brokers will be their preference.

So in conclusion, the type of traders needs low spread brokers is scalpers.

This is the end of my article. Thanks for reading and hope you like it.

Since Asian traders tend to experience more obstacle in the forex trading world, this article is dedicated solely to Asian traders who are struggling in building up their career rather than for all global traders. Despite the fact that Asian traders account for 30% trading volume in the trading world, it is still illegal for citizens to engage in forex trading in most Asian countries. If any problems ever occur, Asian traders do not have the privilege to be protected by their traders, which is extremely unfair. This is the reason why choosing most reliable brokers is the most important thing for Asian traders when they first start their career. The standard for a trustworthy broker in Asia is also different from other countries, the purpose of this article is to help Asian traders find an appropriate trader to commit for a long time.

Reliable broker – Asia standards

1.    Regulated brokers.

2.    Top largest forex brokers.

3.    Regional offices

4.    Payment systems.

5.    Company history – Scam reports.

Why is there no criteria about regulation of the brokers even when it is the most important figure that traders need to take a look before making decisions? It is because the standard for regulated brokers are explained carefully in this article.  And the top 5 sàn forex tốt nhất are:

• Exness.com

• XM.com

• Forex.com

• Saxobank

• IG Group

1. Payment systems

No limit and fast payment system is very important for us, as we are traders so we need to have our profit and deposited fund quickly. I have seen many brokers trying to prevent their customers from withdraw too much of our fund because they don’t have sufficient available cash for the withdrawal. As the result, the longer you leave the fund in their accounts, the more dangerous your fund will be. Therefore it is my alarm to you to stay away from those brokers. Good standards for payment systems are:

• Fast deposit and withdrawal system.

• High minimum withdrawal limitations.

• Low or zero fee for deposit and withdrawal.

• Local payments.

Exness would obviously my advice to you when we come to the criteria of fast payment system. After traded with various brokers, Exness impressed me with the fastest money transactions as I could get back my fund within few seconds and even during the weekends. Moreover, their payment system costs you nothing but still finish your transaction within the shortest time. Check for Exness Payment system here.

2. No scam reported

As we have an idiom stated “with age comes wisdom”, I only choose to work with brokers who have at least 10 years’ experience in the forex market and obviously have no scam reported. For me, a decade is enough for brokers to prove for their ability and reliability.  You could search for a broker’s scam reports or handling problems methods on most of economic news about the forex market. An example would be about Swiss Central Bank float its CHF in 2015, and the CFH/USD changed over 3000 pips. This leaded to the loss of many brokers and some of them even lost for hundred million dollars. You can find details about these events and see how these brokers treated their clients’ loss here. After all obstacles, I am sure about my top 5 reliable brokers for Asian traders:

• Exness.com

• XM.com

• Forex.com

• Saxon bank

• IG Group

3. Regional office locations

After you have a list of chosen brokers, you should prioritize ones that having local offices in your country. It does not mean that when these large brokers, who owned valuable regulations, don’t have regional offices in your area so they are not trusty. When large brokers having offices in your country means that national citizens are their target segment and they are already successful within domestic traders. In fact, brokers must register for licenses and company when they want to open any office in a country, and they also have to follow that government law strictly. Additionally, having local offices in your area will ensure the fast supporting services from that brokers in case problems occur and if they intend to scam you, you will be protected by the government laws. Hence, it is better to choose brokers with regional offices in order to protect your benefits from bad brokers.

4. Size of the forex broker

People usually said when you want to make sure that does a restaurant serve good dishes, look at the amount of the customers they are serving. Why? Since many people have tasted the dishes and want to come back or introduce to new customers to that restaurant, the food should be good.  Similarly, whenever I need to make a choice between hundred brokers, I will choose the broker that has the largest trading volume. To clarify, since many customers have tried and be satisfied with the trading service, they then decided to keep trading with that broker so it helps you to feel more secure with the chosen broker.  Even when I also firstly tests the trading service by myself, the problems not often come at the beginning but after few months when I start trading. So besides from testing the system by yourself, you should take the other traders’ choices into consideration. Here are the largest forex brokers:

1. Exness.com: $400 Billions/month

2. Forex.com: $300 Billions/Month

3. XM.com $290 Billions/Month.

4. Saxobank: $265 Billion/Month

5. Hotforex.com $209 Billions/month.

Although this may be true, largest brokers sometimes will not suit to your trading strategies as each of them have their own benefits that they could offer you.  To be more specific, if you want to become a long term traders and you would like to keep your positions to be opened for some months, so a brokers who are not only reliable but offer low swap could be your final choice.  Conversely, if you just want to resell your currency pairs for quick profit, you should choose brokers who offer low spread or commission with high quality executions. Similarly, a gambler should choose high leverage broker, and a person that live in a country with problems with the payment system should choose whom allow the deposit/withdraw by local payment systems.

On the whole, I would advise you to make 3 accounts with 3 largest brokers, each account you will deposit approximately $100.  Then you observe which one returns more profit to you, and that broker will be the perfect choice for your trading strategy. But don’t forget, top biggest brokers are always reliable to your trading activities.

How ridiculous could it be when numerous forex traders are racing in the best forex contests, while many others are still being struggling outside choosing themselves a contest, trying to find ‘safe’; or hesitate to jump into the game, afraid of ‘getting lost’. Forex Contest, unfortunately, can even become the worst nightmare of loss of multiple forex tradesmen.

Those contests from the currency market are only for the Demo account, and with the Demo money. The only thing that is real is the prize, which you can use to trade later or even withdraw them to buy goods. All the pressure is unreal, the money that lost is the money that brokers shifted you, so what is the point of being so nervous here? So, today, this article is to share with you the basic of Forex Contest rules and condition, and even with the names of the best contests as well.

You can see more in the list here.

I.    What do brokers offer in contests?

1.    Prize

The prize is absolutely what people look at first when talking about any contests or competition. And, to attract beginners and new traders, some brokers introduce a huge amount of money for winners.

For example, Exness holds the most significant awards: $120,000 in total. Participants have 12 rounds to compete, and the first place wins $3000. Total of prize for each round comes to $10,000.

FXTM launched the same value in each round. However, there are only 4 rounds in FXTM titan contests. On the other hand, the first place takes $5000.

FBS hosts contests more frequently. You can take part in FBS monthly contest and win $450 maximum. The total value of a prize is $1000.

You can find the detailed prize for other places as below

2.    Withdrawal terms

It’s not inviting anymore if you won the contest but not allowed to take the money. Therefore, forex contests are evaluated by the terms of withdrawal.

Regarding it, I would like to say my most favorite FXTM, who allows participants to take everything they won in the contests. FBS has the same term with a smaller value. I recommended it as the runner-up.

Exness is generous, too. However, Exness benefits itself by contests in a straightforward term. That’s winners are allowed to take half of the money. The rest is supposed to stay in clients’ accounts and get ready to trade.

3.    Rules

The demo contests are for new traders who never trade with the host brokers. I’d like to repeat. And the participants are supposed to be beginners in the industry. As consequences, the rules come easy and straightforward to follow.

Some basic terms every broker require participants such as:

•    A person is allowed to take contests by only a demo account.

•    Attendants are supposed to trade by virtual money and no more personal deposit accepted

•    The confirmation of winners must be done in 5 days

•    Host brokers hold responsibilities for any disputes.

I would like to let you know more about specific rules of some large brokers such as FXTM or Exness. The rules of the largest brokers usually clear and simple, no hidden terms, so that I recommend beginners to take their contests.

Check the list of the best forex broker 2018.

The first illustration is the FXTM. Like other brokers, FXTM gives customers virtual money, in this case, the money is $100,000. FXTM organizers decide the winners by the ratio of profit. They calculated by following formula:

[Net Profits ÷ 100000] x 100 = XX.XX%.

The second example is the Exness. Exness offers attendants $10,000 of virtual money. And they choose the best performance of all.

4.    Leverage

Brokers usually apply high leverage to promise a big shot. For instance, Exness applies 1:2000 of leverage to World Cup contest. In FXTM Titan, leverage is 1:500. With FBS, it’s only 1:100 of leverage.

II.    How to experience contests to the fullest?

Firstly, you should know that what happens in contests come differently in real life. Therefore, do not take it as seriously as a training course or lessons. Let’s make it like a chance to do every test you could try. Because they are risk-free.

I have some tips that could help you in the way of conquering the contests:

1.    Do not care about risk

The accounts are demos. The contests are demos, and when starting the game, participants get virtual money to trade. That means you would never lose any money of yours or waste deposit on transactions. I advise you to trade as many lots as you can. That improves the profit rate and increase your chance of winning.

2.    Choose the highest leverage

High leverage can cause traders to win big and also lose big. However, finishing the contest sharply and quick saves lots of your time.

3.    Register more than an account

More accounts can increase the opportunities of winning just because you can take part in the contest more than once.

4.    Notice volatile times

Closing transaction right before the news release time is something like gambling. You can make a huge back or lose everything.

5.    Trading bots

Trading bot’s productivities are much higher than human’s. Using trading bots can easily pull the profit rate up to 10,000%. By the way, you can test the trading bots.

III.    Why are the best forex contests for new traders?

-    They are hosted by the largest and most reliable brokers who can guarantee profit and prize to new traders who barely know about the market. Find the most reliable brokers here

-    The contests give the best rewards and ideal conditions for first transactions of beginners?

-    Forex contests give beginners chances to test every strategy and ideas crossing their mind for the first time.

However, new traders should know that experienced traders take part in the contests, too. Of course, they aim at prizes, but that means the games are not simple anymore. Also, real trading doesn’t happen the same as in contests. Many troubles and risks coming up that new traders might not be prepared.

I would advise new traders not to focus much in contests but they can attend some contests, and they should be the best forex contests, for example:

1.    FXTM Titans

2.    Exness World Cup Contest

3.    FBS Pro

When I just begin my business in forex market, I don’t get much knowledge and experience to get all benefits from brokers. One of the most important policies from brokers for beginners is welcome bonus when beginners start to register new account at their system. Moreover, there are different kinds of bonuses from brokers – welcome bonuses, deposit bonuses and lot back bonuses – but welcome bonuses are more popular and beneficial for traders than other two. To help you avoid that trading beginners don’t miss any helpful things from welcome bonuses, I decided to write this article to clarify all aspects of welcome bonuses. If you have serious concern about welcome bonuses, let’s read until the end of this article for more understanding.

1. What are the current highlighted welcome bonuses?

Since I started to participate in the forex market, I’ve traded with numerous popular brokers. From my experience, there are 3 best forex brokers which offer the best welcome bonuses in forex market. Here is list:

• XM  => VISIT  HERE

• FBS => VISIT HERE

• FXTM => VISIT HERE

From these 3 brokers as I mentioned above. I am really impressed XM because of not only excellent in their welcome bonus programs, but also offer 100% bonus on new deposition.

2. Notes to choose the best forex welcome bonus

In order to choose a goods forex welcome bonus, my advice for you there is welcome bonus that have to make sure 3 important conditions:

• Easy withdrawal conditions

• High welcome bonus value

• Reliable forex brokers

For withdrawal conditions:

It is so important if we can get an easy withdrawal conditions. As there are a lot of brokers who have very stringent policies related to the way of withdrawing bonus. In point of fact, you can’t actually withdraw your welcome bonus directly. However, you can be assured that you can still withdraw the profits obtained from trading with real bonus money. That’s the reason for why many brokers gave a condition like the minimum lot traded requirement that comes with withdrawing bonus.

Here are a few specific numbers of each featured broker such as XM, FBS or FXTM:

• XM: the broker has conditional withdrawal fairest ever. Traders with XM only need to complete 0.1 lot to be able to withdraw profit.

• FXTM: requires a trading lot to be able to withdraw profit.

• FBS: There are 123 bonus programs in total, meaning you can receive up to $ 123 in cash. Therefore, the highest profit that you can withdraw for each lot is $ 3.

Example: Assume for 7 trading days, you earn $ 60 profit. To withdraw all of your profits, you need to trade at least 20 lots.

For welcome bonus value: In the fact that almost traders need amount of welcome bonus as high as possible. And as you may know while XM and FXTM offer relatively the same amount of welcome bonus which is around $30, FBS offers the highest attainable welcome bonus amount which is $123.

For reliable forex brokers:

In forex market, the reliable of a broker always put in the first position for choosing a broker. Therefore, your broker should always be reliable and has no shady side to it. In my experience XM to be the best in term of reliability and transparency.

All bonuses in forex can be split into groups. Except for the welcome bonus, what are the bonus groups? Click here to learn more.

3. Whether or not we can withdraw forex bonus profits?

My answer is yes. According to my information as above that if you want to withdraw forex bonus profits, most brokers gave certain withdrawal policies regarding to this matter. At the present, I know two known commons withdrawal conditions that most brokers have:

• Finished trading lot requirements

Regarding to this issue, I see most brokers require you to have finished at least a certain amount of trading before you can withdraw the bonus. We can call it like “dark point” to this policy. More than that the traders would have to deposit more money than the bonus itself in order to complete the trading lot requirement.

• No direct bonus withdrawal

Welcome bonus or deposition bonus is the program that most brokers that I’ve done business with restrict its traders from directly withdrawing. This is also the reason why if they hadn’t done so, tons of scammers and exploiters would’ve taken advantage of the situation and made a profit for themselves.

4. Should we choose brokers with good bonus or low spread?

This is a big question and also the popular question from all trader that I know. Most of them are so hard to choose one instead of two due to both conditions are so attracted. But I think we should be focus on the long term than a good condition in the first time. I don’t mean a good welcome need to remove in this selection because of, as I told you before, a good welcome bonus will bring to a lot of advantages for some brokers.  I recommend that you should be choose a brokers with low spread or overall better trading conditions always better in the long-term since essentially. It is also that you can trade with the best trading conditions

 Review the spread of brokers here.

5.  Two ways to discover forex bonus programs

Here’s the two popular methods, you can use for welcome bonus and get the profit much more than normal:

For loose withdrawal policies: hedge two new account together. This is the way you can get a one wins and the other one loses so you can make sure chance to win up to 50

For broker with high leverages: create new account as much as possible after that you hedge the same as first way, you also need to take advantage of the high leverages to open very big positions.

Weighing the pros and cons, I come to the conclusion that searching for an attractive bonus was difficult, choice bonus program matching their goals even harder, requiring you need to have more knowledge and experience on the forex market. Exercise and try many different forms is the only way to pass the time you can be “seasoned” than in the business process and bring about benefits for yourself.

New traders may feel that forex trading is complicated when they just started trading and research even shows that the majority of new traders lost their money in the first days of trading. That is why many experienced traders would suggest new ones to practice with a demo account for a couple of months first before putting their money on the best forex broker. I personally think it is an ok advice but not the best one also. Because it has shown in some research that the more you gain from demo trading, the more you may lose when start trading with a real account. The main reason for that is because brokers let you win in demo trading. Brokers will offer better trading conditions when you use demo accounts such as better price, better execution, lower volatility, and spread. With those good trading conditions, traders are likely to win a lot of profit and that may make them be overconfident when transitioning to trading with real money. They may think that they are ready to move to real trading and deposit real money into brokers. But they did not realize that real trading is very different from demo trading and it is often harder. So, because of that misunderstanding, they must start learning again with a real account this time and that could be so much harder than learning with no idea what is forex trading because they are already familiar with demo trading. They have to get rid of whatever they learn from demo trading for several months and start over with a real account. And that may cost many new traders a lot more time to start over because they approach forex trading with a wrong method.

CLICK HERE TO FIND THE BEST ACCOUNT FOR BEGINNERS

So you may wonder what approaches should beginners take? I would personally advise beginners to start their trading career with a real account right away. And choosing Cent account should be the following step as it is the top trading account for beginners due to reasons as follow:

-          Trading with Cent account is really real, from real trading conditions like real spread, real price to most importantly real profit and money.

-          By trading with a real account like Cent account, you can also be more disciplined because you can lose your money if you can not keep yourself disciplined and manage risks when trading.

-          It is the best for beginners to trade with Cent account due to its Cent Dollars. You can deposit a low amount of money like 10$ in exchange for 1,000 Cent Dollars (USC). You can get a lot from this 1,000 USC by open a lot of orders and start trading. As you are trading with a real account so withdrawing profit at any time is possible. The worst thing can happen to you is losing 10$ you deposited. But from just that 10$, you have already practiced trading for like a month and gaining a lot of knowledge and experience at a very low cost. Moreover, because it is involving money from your wallet, you will have to try harder to learn and improve yourself.

CLICK HERE TO FIND THE MOST RELIABLE BROKERS

Why is Cent account of Exness considered the best account for beginners?

Small brokers are generally the one offer Cent accounts, not large brokers. Of course, trading with those small brokers is not what I would recommend. As mentioned in many of my articles, larger brokers are generally the one offer higher reliability and better trading conditions. There is one exception which is Exness as it not only offers Cent accounts but also is on the list of the world biggest retail brokers. You can verify that via Exness financial report. This is a reliable report as it is prepared by the top 4 audit firms in the world – Deloitte.

However, Exness is limiting the number of orders beginners can make because Exness is not targeting beginners. But even with that limit, you can probably get trading practice for up to 2 months with one of the largest brokers under probably the best trading conditions as well. I will make it clear why I consider Exness’ Cent account is the best account below:

-          Exness is on the top of biggest traders in the world so you can trust them.

-          Cent account of Exness does not have any minimum level for depositing so you can deposit as low as $1 or something like that. That is still important as not all new traders want to put a lot of money at the early stage of their career.

-          Exness sets a limit of opening positions to 0.0001 Lot USD or 0.01 Lot Cent and it is one of the lowest minimum position value in the forex trading market. You would hope for the value of the orders to be as low as possible because, for new traders, they are likely to fail so you should aim for practicing. And you can practice more if the value of the orders gets lower. You only need to deposit $10 and get chances to practice from 1 to 3 months.

-          Leverage Exness Cent account is currently offering is one of the highest. So you can get more free margins to keep your orders stay open as when the leverage get higher, the margin will be lowered.

-          It is very easy, fast and convenient to deposit and withdraw profit from Exness’ Cent account with many local payment methods of Exness and also from local banks.

-          Exness also offers support in various languages like Malaysia, China, Thailand, Saudi Arab, Vietnam, Iran, and English-speaking countries as well. So beginners that cannot speak English can also seek help from Exness to answer a long list of complex matters of forex trading.

How to open a Cent account of Exness?

-          Visiting this link to open a Cent account of Exness.

-          An email account and a phone number are what it will require you to open an account. The whole thing may only cost you like one minute only.

We cannot deny that the forex market is a large and complex place.  Anyone when come to this market, they often wonder about some questions like: “Who is the reliable and best forex brokers?” or “What are the top 5 largest forex brokers in 2018?” Although, most of traders want to trade with the best forex brokers, but it is difficult for them to recognize these brokers. We think that this is also a hard question for experienced traders.

Before we begin to find out the top 5 ”king” brokers, you can review our article about the best forex brokers in 2018 for more information.

Who have many years experienced in trading forex market. We have a chance in contact with a lot of traders, some of us even used to work in the forex companies. In spite of the fact that they are not 100% data for making sure to create the top 5 largest forex brokers. It’s can be say that is baseless words. Hence, we spent almost half a year to collect enough evidence. So you can completely trust what we will give you the following. Though, we also consider to some online lists but we have the reasons to think they are not reliable. Because   when we search: “những sàn forex uy tín nhất“, and we find that the name like Hotforex, ICmarket, FBS, or FXTM in those lists. We know these brokers. They are new brokers and their target just focus on some countries in South East Asia and Africa. This proves that it’s impossible for them to be largest forex brokers.

Here is list of the 5 largest forex brokers in the world:

This list is based on Forex trading volume only, so those big brokers who have low monthly forex trading volume won’t be listed.

1. Exness.com: $395 Billions. Click here to learn more.

2. XM.com: $320 Billions

3. Forex.com: $300 Billions

4. Saxo Bank: $300 Billions

5. FXCM: $220 Billions.

1.  Largest forex brokers are the perfect choices for traders:

There are a lot of scam brokers who are always willing to use complicated and dirty tricks to steal trader’s money in the forex market. Therefore, not only beginners but also experienced traders can be easily defrauded. Unfortunately, it was not until the traders lost all money that they recognized that the broker was a scammer.

Why can a scam broker not be exposed at the beginning?

Sadly, the problems won’t usually happen at the early stage of trade. The more money traders deposit, the more benefits scam brokers can get. Therefore, a scam broker will offer traders favorable trading conditions to make them relax their guard and invest more money. Even when you trade with non-scam brokers, you are highly likely to win at the beginning, because you usually follow risk management right from the start. More and more forex brokers are founded in the forex trading market. Consequently, the traders find it increasingly difficult to choose a reliable broker.

Trading with the largest forex brokers will keep your fund safe

In most cases, a scam broker will never pay the money back to the traders. The victims realize that they are defrauded only when they lost all money. But how to recognize a scam broker? To check reliability of brokers, you should get as much information about them as possible. The largest forex brokers have done business with thousands of traders. These traders will usually post and share their business experience with these brokers on the Internet and social media. Nowadays, we are living in a “flat world”, so you can take advantage of the reviews on the Internet to check reliability of the brokers that you intend to trade with. If there are any scams, you can know about them immediately. Thanks to the Internet, unreliable brokers will be exposed. Therefore, only reliable brokers can attract more traders and become the largest forex brokers. For example, Exness is one of the biggest forex brokers and is highly prestigious. You can click here to learn more about Exness’s transparency.

2. Which standards should the largest forex brokers have?

You can check out the trading volumes published by some brokers on the Internet. You should only rely on trading volumes audited by top 4 audit companies. The traders which have transparent trading volume are very reliable. I strongly encouraged you to trade with these reliable brokers. Trading with a transparent broker will keep your fund safe and sound. However, there are some brokers who don’t publish their trading volume. Therefore, I used some trusted resources such as statistic websites, financial news, and newspaper in order to check transparency of these brokers.

While having low forex volume, some big brokers such as: Forex.com and Saxo Bank have very high total trading volume. It is because they provide many products like Crypto, Forex, Future, Commodities, and Stock… Consequently, their Forex volume is much smaller than the total volume.

Example:

• Forex.com’s total trading volume is $500 Billions, but Forex volume is $300 Billions.

• Saxo Bank’s total trading volume is $600 Billions, but Forex volume is $300 Billions.

3. Why should traders do business with the largest forex brokers?

Most brokers in the above list are located in America and Europe. As a result, this list will bring the traders living in those areas a lot of benefits. But if you are Asian, African, and Australian traders, what brokers can you choose? You have to make sure that the brokers are not only reliable but also satisfy some criterion. Here are some factors you need to carefully check out:

• Whether they are regulated in your countries.

• Local payment systems

• Local support

Exness is perfect choice for Asian and African traders

Exness’ s payment system is very convenient for Asian and African traders. That’s because there are a number of target countries in these areas. You can deposit and withdraw instantly and free, while other Asian brokers which don’t have local payment system will charge you from 1.7- 4% of your deposit fee. You can find Exness’s offices in most big countries such as: China, Indonesia, Thailand, Singapore, Malaysia, Cyprus, South Africa, India and Dubai. Of course, Exness must been regulated by these country to open offices in these cities. Additionally, Exness will offer Asian and African traders online 24/7 support services. It means that you can get instant responses from their live chat.

Read more about Exness Cent account, the best choice for beginners.

If you are living in US, you should trade with Forex.com. They are reliable and leading in the US market.

If you are living in Europe, Saxo Bank and Exness are perfect choice.

If you want to know whether US, European brokers are suitable with you or not, you should read this article: Best forex brokers for Asian traders.

Here is the list of 5 largest forex brokers for you:

1. Exness.com: $395 Billions.

2. XM.com: $320 Billions

3. Forex.com: $300 Billions

4. Saxo Bank: $300 Billions

5. FXCM: $220 Billions.