Rating of dealing centers
An independent rating of dealing centers will help you not only choose your broker for forex trading but also learn about the company's advantages and disadvantages in advance. The rankings were determined based on a vote by over 1,000 traders conducted on the website.
New dealing centers offering their services appear every day. Unfortunately, advertised terms and conditions don't always reflect the reality, so it's advisable to work with partners who already have a reliable reputation.
ALPARI - COMPANY WEBSITE
• Initial deposit - unlimited
• Spread size - floating from 0 points
• Availability of cent accounts - yes
• Trading platform - MetaTrader 4, 5 Mobile options
• About 4000 investment accounts with different levels of profitability
• Advantages - 23 years of reliability in the financial markets, low spreads, cashback, cent accounts and accounts for professionals, the ability to attract an investor.
• Disadvantages - not found
RoboForex - COMPANY WEBSITE
• Initial deposit - from 10/10 dollars/euros.
• Welcome bonus - 30 dollars.
• Spread size - from 0 points.
• Availability of cent accounts - yes
• Trading platform - MetaTrader 4, MetaTrader 5, cTrader, R Trader, WebTrader, MobileTrader for iOS and Android
• Advantages - bonus upon replenishment, fast withdrawal of funds, large withdrawal of trading platforms, scalping and expert advisors allowed, six account currencies, tight spreads, withdrawal of funds without commission.
• Website in English
AMARKETS - COMPANY WEBSITE
• Initial deposit - $100
• Spread size - from 0.3 points
• Availability of cent accounts - yes
• Trading platform - MetaTrader 4, MetaTrader 5, cTrader, R Trader, WebTrader, MobileTrader for iOS and Android
• Advantages - bonuses, scalping allowed, low spread.
AMarkets' liquidity provider is the FCA-regulated xOpenHub, and the broker's servers are located as close as possible to xOpenHub's servers. This ensures the fastest possible order execution.
• Disadvantages - none detected during testing.
4. NPBFX Company - COMPANY WEBSITE .
• Initial deposit - from $0, recommended from $50,
• Spread size - floating from 0.4 points,
• Leverage 1:1000,
• Availability of cent accounts - no
• Average withdrawal time is only 8 minutes
• Trading - currency pairs, cryptocurrencies, metals, securities, commodity futures,
• Trading platform - MetaTrader 4, and its mobile and online versions, ZuluTrade
• Advantages - a reliable bank broker, more than 20 years in the financial services market
• Disadvantages - no MT5 trading platform and cent accounts,
One of the most interesting brokers with a wide selection of deposit and withdrawal options, as well as currencies in which to deposit funds, and high-quality local support.
5. EXNESS Limited - COMPANY WEBSITE .
• Initial deposit - from $10
• Spread size - fixed from 0.1 points.
• Leverage 1:2000,
• Availability of cent accounts - yes
• All strategies allowed
• Trading platform - MetaTrader4, MetaTrader Mobile, Multiterminal, MetaTrader 5
• Advantages - 120 currency pairs, free VPS hosting, tight spreads, order execution from 0.01 seconds, RAMM and PAMM accounts.
• Disadvantages - completely English-language site
7 . ForexClub - COMPANY WEBSITE .
• Initial deposit - from $1
• Spread size - from 0 points,
• Leverage 1:500,
• Availability of cent accounts - yes
• Average withdrawal time is only 10 minutes
• Trading - stocks, metals, currencies, cryptocurrencies, agricultural products.
• Trading platforms - MetaTrader 4 and MetaTrader 5
• Advantages - reliable broker (23 years on the market), tight spreads, no commission for deposits when using electronic payment systems, lightning-fast order execution without requotes.
• Disadvantages - none found.
8. InstaForex - COMPANY WEBSITE .
• Initial deposit - none.
• Spread size - fixed from 3 points or commission per lot, depending on the account type.
• Availability of cent accounts - yes.
• Trading platform - MetaTrader 4.5, iPhoneTrader, AndroidTrader, Webterminal
• Advantages - the highest bonuses when replenishing an account, free VPS, forex copy service.
• Disadvantages - quite wide spreads on some currency pairs.
What criteria were taken into account when compiling the rating of dealing centers?
Forex dealing center ratings allow you to learn about such parameters as the initial deposit amount, minimum spread, the ability to trade on cent accounts, the type of trading platform, and, of course, the strengths and weaknesses of the dealing center.
The initial deposit amount is the amount of funds required to begin trading. Dealing centers often state this figure as "0." This approach is nothing more than a marketing ploy, as trading with deposits of less than a few tens of dollars is only possible on cent accounts. As for
the minimum spread, it's more accurate to focus on the average spread, as the stated minimum spread rarely corresponds to the truth. This is especially true for brokers that use floating spreads, as commissions can increase several times during a trading session.
This review is based on surveys conducted on several websites, our own research, and trader reviews.
For traders' convenience, only noteworthy dealing centers are included; otherwise, the list would take up several pages, which would only complicate the selection process. A plethora of new brokers are emerging, but unfortunately, it's almost impossible to find a trustworthy company among them. Therefore, it's best to avoid taking risks and choose a proven dealing center from the ratings to minimize the risk of problems.
In addition to standard terms and conditions, significant attention was paid to reviews from traders who are or have been clients of these dealing centers and have already provided feedback on their work.
I had to deal with most of the brokers personally, which also influenced the rating.
Alpari, a company that has been successfully providing access to financial markets for over 20 years, took first place. In addition to attractive trading conditions, it offers a flexible approach to various strategies and an advanced PAMM account service, allowing you to invest or attract funds into your trading.
RoboForex, a broker, ranked second. Despite the lack of extensive advertising, this option is distinguished by its reliability and honest attitude towards its clients. Slippage and requotes are virtually non-existent, and orders are executed almost instantly. The company is ideal for scalping, with no restrictions on the duration of trades or their number per trading session.
Amarkets, a well-established broker among traders in the CIS and internationally, ranks third in popularity. Favorable trading conditions and a stable trading terminal are also noteworthy. The DC's staff is always ready to help newcomers master the trader's profession and is happy to answer any questions.
The Forex DC rating is not fixed, so if new factors emerge in the brokers' operations, their positions in the table may change. To form your own, most accurate opinion, open accounts with several brokers simultaneously and compare your impressions and experiences.
