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TOP BROKER REVIEWS 2023

Trading Online FX 

Welcome to Trading Online FX. Where we cater for every level of forex and CFD learning experience, from novice to professional. Similarly whether you trade in hundreds or in millions of dollars or a few hundred, we have the platform for you. Below we have our TOP Broker Reviews 2021. 

If you are new to the world of Forex and CFDs, Trading Online FX helps you begin with no risk by opening a practice accounts, with all the live features found on a robust full-featured platforms.

In addition when you are ready to begin trading for real. We can help you open a trading account with a recommend broker within minutes. Take the Trading Guided Tour for a brief interdiction to Forex as well as our educational page for information on how to get started. 

XM MARKETS

XM has low stock CFD and trading fees. Account opening is user-friendly and fast. After that you can use many educational tools, such as webinars and a demo account to get to know the platform.

They have a limited product portfolio as it offers mainly CFDs and forex.  Furthermore there is no investor protection for clients onboarded outside the EU.

Pros Cons
Low stock fees Limited product portfolio
Easy and fast account opening Average forex and stock index fees
Great tools No investor protection for non-EU clients

For instance start with the instruments of your choice on the XM MT4 and MT5, available for both PC and MAC. Additionally they have a variety of mobile devices. Alternatively, you may also want to try out the XM WebTrader, instantly accessible from your browser.

Furthermore they have many account types which all are different. The Standard, Micro, and Ultra Low accounts charge higher spreads but there is no commission. The Zero account charges lower spreads, but there is a commission. 

AVA FX

If you are an experienced trader, you will find there platform easy to use and readily adaptable to your personal requirements.

Be aware that the high degree of leverage can work against you as well as for you. Leverage can lead to large losses as well as gains see our Risk of loss page.

AvaFX is compensated through the difference between the buy and sell prices known as the ASK.

AvaFX set high standards to its services because quality is just as decisive for them as for there clients. They believe that versatile financial services require versatility in thinking and a unified policy of business principles.

There Research and Education center offers daily updates on all the major trading sessions. Along with multiple daily briefings on all critical market events which daily shape the global markets.

In addition there range of platforms for Apple and Android mobile devices will seamlessly allow you to access and trade on your account from your smartphone or tablet with full account functionality.
  • Ava FX is a global leader in online trading
  • Founded in 2006 by traders and Internet experts
  • Over 50,000 customers in 150 countries
  • Trading volume of more than $50 billion per month.
  • Multi award winning including most transparent broker
  • Completely focused on 100% customer satisfaction
  • Multi-lingual, 24-hour customer service
  • User friendly advanced and beginner trading platforms
  • Secure allocation of clients funds in segregated pooled accounts
  • Regulated by the Central Bank in Ireland & EU MiFID compliant
In conclusion take time to familiarize yourself with AvaTrader next-generation platform. With exclusive commentary and analysis, and a wide range of opportunities designed to meet the particular demands of both the new beginner and the highly experienced trader.
 
 
 
 

PLUS500

PLUS500 has a simple, easy-to-use platform, with an especially well-designed mobile system. In addition the account opening process and customer support are great. Account opening is super fast and approved within 24 hours.

Additionally on the negative side, they have a limited product portfolio, consisting only of CFD products. Plus Some standard research tools.

Pros Cons
Easy-to-use platform Medium product range, only CFDs
Great account opening Time Minimal research tools
Helpful customer support Average FX fees

Furthermore they offer one account type, which is often referred to as a Retail account. You can apply for a Professional account if you meet two of the following three criteria: 

  • Sufficient trading activity in the last 12 months
  • Financial instrument portfolio over €500,000 
  • Relevant experience in the For & CFDs Market

For instance the Professional account lets you trade with higher leverage compared to a Retail account. Where the leverage has been reduced to the range of 1:2 to 1:30.

The maximum leverage for Professional accounts ranges from 1:5 (for options) to 1:300 (for forex) for the various instruments. With options at the bottom and Forex products and indices at the top of the range.

eTORO

Founded in 2007 which means they are one of the most respected and established trading platforms for forex and CFDs.

They offer excellent cryptocurrency trading, and is our pick for in 2021. Furthermore they offer a user-friendly web platform and mobile app that is great for casual investors, including beginners.

Overall, eToro has pricing close to the industry average for trading physical cryptocurrency, such as 0.75% for buying or selling bitcoin. While its fiat to crypto conversion fee is high at 5%. Meanwhile converting from crypto to crypto at eToro only costs 0.1%. With a large number of assets and both CFDs this is our number one cryptocurrency broker for Crypto Trading in 2021.

Additionally they are a market-maker broker and lists a typical spread of 1 pip on the EUR/USD. Which is higher than the industry average. They offer a VIP club membership with five tiers ranging from silver to diamond for traders who maintain balances between $5k -$250k. Depending on the level, benefits vary from a dedicated account manager to reduced deposit fees. Access to private signals, and exclusive assets, among other VIP-style account benefits.

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