Investment in trading is equally beneficial as it also is risky. But before investing, we need to know whether what we’re getting ourselves into is secured and beneficial or not. In this article, I’d like to concentrate on the best forex brokers of 2020. Any forex traders out there, this one for you!
Which online forex trading platforms are good to invest in?
According to reviews and ratings are given, the following are the best forex brokersthis year:
- IG
- Pepperstone
- XM Group
- Forex.com
- City Index
- AvaTrade
What makes them beneficial compared to other brokers?
Well, all of them have more than 55 FX currency pairs and all of them have strict regulations. All of the mentioned brokers are well-established, competitive and they have many interesting trading tools that make forex trading easier and trading is done speedily making the invested money worth it. Pepperstone has made its customer support available in 12 different languages and they can be contacted at any time because they’re available 24*7. They’re available via chat, email, and phone, too. IG has a whole academy for its users to learn more and improve their trading skills. This is a huge advantage for them because this way users may want to invest in them as they’re being benefited in a lot of ways.
XM Group’s specialty is its execution speed. Approximately 99.35% of trades are executed successfully in just 1 second. This execution speed is a major reason why they are considered to be one of the best forex brokers. Forex.com accepts US clients which is a plus point for everyone US citizen interested in forex trading. 0.03 seconds is their average trade execution speed. It has been available since 2001. City Index is not completely a forex trading broker alone but it also offers more than 12000 markets for online trades. They’ve been established for over 35 years and their work has brought them where they are, this day. AvaTrade doesn’t take commissions and they have a lot of trading tools and also help in improving trading skills through their provision of educational resources.
Are there disadvantages involved?
Well, there are 2 sides to a coin. Now that we have seen the positives, let’s look at the negative aspects of these brokers. IG and Pepperstone need a deposit of $250 and $200 respectively. City Index and AvaTrade need $100 as deposit and they also don’t accept US clients. But Forex.com needs $50 and XM Group needs only $5 as a deposit. Forex.com and City Index don’t support online payment apps like PayPal. XM Group and Pepperstone don’t accept US clients, too.
Now, that you have the information you need, you can check and invest in whichever one of these best forex brokers available.
Click here to know more about #best forex brokers.
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