Comparison of Forex brokers, minimum deposit, commission size, and trading conditions

One of the most important stages in a trader’s career is choosing a broker through whom stock trading will be carried out.

Today, this is quite difficult to do, since there are more than several thousand dealing companies on the market for such services.

At the same time, each brokerage company claims that it is the best, provides the highest quality services and has the most attractive trading conditions.

The easiest way to make the right choice is to compare the main indicators of Forex brokers that are currently among the top brokerage companies.

 Forex broker comparison table 2022-2023

If we evaluate the comparison of Forex brokers, we can say that most brokerage companies indicate fairly similar trading conditions; unfortunately, this is not always confirmed in practice.

Average spread size – now there are practically no accounts left with a fixed spread, so this indicator is quite an important point.

The size of the floating spread can vary from 0 to several tens of points, which is why its average size is so important. It is advisable to pay attention to the current value every time you open a new order.

Initial deposit - at the moment, most brokers allow you to trade with literally zero deposit, the only requirement is that there is enough money for collateral when opening a transaction.

At the same time, there are companies that try to exclude clients with accounts less than $100-200, but if you like the broker himself, then this amount is unlikely to play a decisive role in your choice.

Order execution speed - in how many milliseconds will your order be executed on the exchange, this indicator affects the likelihood of requotes , since with slow execution the price may change and a refusal may occur.

The speed value depends on the broker’s servers and, if the connection is poor, it can change tens of times; the execution speed is also indicated without taking into account the quality of your Internet.

Account currency – now you can keep money in your account not only in traditional euros and US dollars, but also in other currencies or even cryptocurrency.

This allows you to avoid additional conversion when withdrawing funds from the trader’s account.