The most reliable Forex broker, with a license and deposit insurance

The first question that arises when deciding to start trading on the forex market is what makes a reliable broker and which of the existing brokerage companies can be called such.

A reliable forex broker for forex trading must possess certain qualities and have its own distinctive features.

And we're not talking about favorable trading conditions, bonuses, and promotions—everyone knows where there's a free lunch.

What should you pay attention to? This can confirm a Forex broker's reliability and save a trader from many future headaches.

Most of the potential problems you'll encounter when working with a particular company can be found in its client agreement. If such clauses are present, you risk incurring losses or losing your profits at the most unexpected moment:

Trade duration limits – brokers often limit the minimum order duration to 10-15 minutes. If you violate this rule, the trade is cancelled and not counted.

Client insurance is an additional consideration when choosing a brokerage company. Currently, brokers insure their clients up to €20,000 with The Financial Commission.

The fund participates in resolving disputes between brokers and traders, and also provides payments in the event of brokerage company bankruptcy.

Withdrawal of profits – read this section especially carefully. Don't just ask, as some DCs limit withdrawals for two weeks after depositing.

Also, pay attention to the company's public profile; a reliable forex broker should be widely known, participate in various exhibitions, and have won awards in financial competitions.

Size matters – from my own experience, I can say there's a direct correlation between the size of your capital and the company's turnover. The larger the amount you plan to trade, the more reputable the company should be; otherwise, no one can guarantee liquidity when trading large volumes or a smooth withdrawal process.

Reliable Forex Brokers You Can Vouch For

Based on my own trading experience and the feedback of fellow traders, I can currently identify three reliable Forex brokers that meet all the necessary criteria and are stable. Furthermore, their clients' funds are insured in a special fund, providing additional protection in the event of any misunderstandings.

RoboForex is suitable for those who enjoy using expert advisors in their trading or scalping. The company also offers a unique opportunity to test the quality of its services with a $30 no-deposit bonus.

For large clients, ECN-Pro accounts with improved trading conditions are available. A particularly attractive feature is the lack of a minimum deposit.

Amarkes is suitable for absolutely any trading strategy and type. A wide selection of accounts with various trading conditions is available. The initial deposit starts from $200.

Alpari is a reputable broker with over 2 million clients and monthly turnover of approximately $150 billion. Its nearly 25 years of experience in providing services only speaks volumes about its reliability.

The company offers cent accounts, so you can start trading with as little as $10. Since 2019, client transactions have been processed using one of the most advanced technologies—ECNCore.

These reliable forex brokers are the best option for opening an account, although this doesn't reduce the risk of forex trading itself, which should always be taken into account. In addition to trading currencies, the companies listed above also offer trades in securities, precious metals, futures, and cryptocurrencies.