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

The first question that arises when deciding to start trading on the foreign exchange exchange is what kind of reliable broker should be and which of the existing brokerage companies can be called such.

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

Moreover, we are not talking about favorable trading conditions and various bonuses and promotions; everyone knows where there is free cheese.

What should you pay attention to that can confirm the reliability of a Forex broker and save the trader from many troubles in the future.

Most of the troubles that await you when working with a particular company can be read in its contract with the client. If such items are present, you risk incurring losses or losing profits at the most unexpected moment:

Limiting the time of transactions - brokers often limit the minimum duration of an order to 10-15 minutes.

If you violate this rule, the transaction is canceled and does not count. Client insurance serves as an additional argument when choosing a brokerage company. Currently, brokers' clients are insured in the amount of 20,000 euros through The Financial Commission fund.

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

Withdrawal of profits - read this paragraph especially carefully, just read, and do not ask, as some DCs limit the withdrawal of funds within 2 weeks after replenishment.

In addition, you need to pay attention to the publicity of the company itself; a reliable Forex broker, first of all, should be known in wide circles.

Participate in various exhibitions, win awards in financial competitions. Size matters – from my own experience I can say that there is a direct relationship between the size of your capital and the company’s turnover. The larger the amount you are going to trade with, the more reputable the company must be, otherwise no one can guarantee you liquidity when trading large volumes and the absence of problems with withdrawal of funds.

Reliable Forex brokers you can vouch for

Based on my own trading experience and reviews of familiar traders, at the moment I can highlight three reliable Forex brokers. Which meet all the necessary parameters and are in a stable condition. In addition, client funds are insured in a special fund, which provides additional protection in case of misunderstandings.

RoboForex is suitable for those who like to use advisors in their trading or are interested in scalping. In addition, the company provides a unique opportunity to test the quality of its services through a no deposit bonus of $30.

For large clients, ECN-Pro accounts with improved trading conditions are provided.

A particularly attractive point is the absence of a minimum deposit. Amarkes is suitable for absolutely any trading strategy and options. Large selection of accounts with different trading conditions. Initial deposit from $200.

Alpari is a reputable broker with more than 2 million clients, whose turnover reaches about $150 billion per month, and almost 25 years of experience in providing services testifies only to its reliability.

The company has cent accounts, so you can start trading with literally $10.

Since 2019, customer transactions have been carried out using one of the most advanced technologies - ECNCore. It is these reliable Forex brokers that are the best option for opening an account, which, however, does not reduce the risk of trading on the currency exchange itself, which should never be forgotten. In addition to the opportunity to trade currencies in the companies listed above, you can also open transactions in securities, precious metals, futures and cryptocurrencies.