HERE ARE 5 LARGEST FOREX BROKER YOU MUST KNOW

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All traders wish to trade with the best forex brokers, because they will be supported by excellent trading condition when doing business with these brokers. However, who are the top reliable or best forex brokers? Both the beginners and experienced traders find it hard to find out the answer for this question.

Let’s learn more about the best 5 forex brokers in 2018 today.

Even though we have traded forex and worked for some forex companies for a long time, we still cannot collect enough data to create the list of top 5 largest forex brokers. However, we have done research for some months. Besides, we have also contacted with some brokers to gather as much information as possible. We can make sure that our research are highly reliable, so you can trust this list. While doing research, we have also consulted to some online lists which we think they are maybe fake or totally unreliable. Because there are some new brokers such as Hotforex, ICmarket, FBS, or FXTM in those lists. These brokers only target at some countries in South East Asia and Africa. As a result, these brokers are not considered to be the largest brokers in the world. That’s why you should never rely on online list which are not verified by authorized organization.

Here is the list of the 5 largest forex brokers in the world:

It is important for you to know that the list is based on Forex trading volume only, so those big brokers who have low forex trading volume won’t be listed, and these are monthly trading volume.

  1. Exness.com: $395 Billions.

  2. XM.com: $320 Billions

  3. Forex.com: $300 Billions

  4. Saxo Bank: $300 Billions

  5. FXCM: $220 Billions.

HERE ARE 5 LARGEST FOREX BROKER YOU MUST KNOW

1. Why should you trade with these largest forex brokers?

The forex market is full of risks. Scam brokers are willing to use hidden dirty trick to steal money from traders. Not only the beginners but also the experienced traders can become the victims of these brokers. It is common that traders can lose all money until they discovered that those brokers are scammer.

It is difficult to identify a scam broker at the beginning

In most cases, the problems won’t happen at the early period of trade. At the beginning, the scam broker will offer the traders better trading conditions. By this way, they can make the traders relax their guard and invest more money. However, when you gain higher profit, you cannot control your trade anymore and eventually you will fail. You should be aware that the more money you deposit, the more benefits scam brokers can get. You also tend to win at the beginning when trading with non-scam brokers. That’s because you follow risk management right from the start.

Trading with largest forex brokers can protect you from scam brokers

It was not until the traders lost all money that they realize that the brokers have cheated on them. Therefore, we should trade with the largest forex brokers only. Top brokers will never let you down because you will be supported with excellent trading conditions and high-quality services. Besides, the largest forex brokers have done business with thousands of traders. Nowadays, thanks to the development of the Internet, traders can easily share their experience in trading with the brokers with others on social media. You can take advantages of these reviews to check the reliability of a broker. If the brokers steal money from the traders, they will be exposed immediately on the Internet. Therefore, only reliable brokers can develop and attract more customers.

2. Which standards to rank the largest forex brokers?

You can find the trading volume published by some forex brokers. Obviously, you should only trust the trading volume audited by the top 4 audit companies. I strongly advise you to trade at these brokers who have verified trading volume, because they are very reliable. Trading with transparent brokers will help you avoid being scammed. On the other hand, some brokers don’t publish their trading volume. In this case, I referred to some trusted resources such as statistic websites, financial news, and newspaper.

Despite having high total trading volume, some big brokers such as Forex.com and Saxo Bank, their forex volume are low. That’s because they provide many products like Crypto, Forex, Future, Commodities, and Stock... The total volume is much higher than Forex volume.

Example:

  • Forex.com’s total trading volume is $500 Billions, but Forex volume is $300 Billions.

  • Saxo Bank’s total trading volume is $600 Billions, but Forex volume is $300 Billions.

Learn more about Exness now.

3. Should you trade with the largest forex brokers?

Most brokers in the above list are American and European brokers. This is a good news for traders living in those areas. But if you live in Asia, Africa, and Australia, which brokers you can trade with? American and European brokers are not really suitable with you, even though that are all reliable forex brokers. Before doing business with a brokers, there are some factors that you need to carefully check:

  • Are they regulated in your countries?

  • Can we deposit and withdraw by local payment systems?

  • Do they have local support?

So, if you are living in Asia and Africa, Exness is the perfect choice for you

Exness targets mainly at Asia and Africa which are very convenient for traders living in these areas. Exness’s payment is such a remarkable system that you can deposit and withdraw instantly and free. You will be charged from 1.7- 4% of your deposit fee when trading with brokers who don’t have local payment system. Exness also have opened offices in most big countries such as: China, Indonesia, Thailand, Singapore, Malaysia, Cyprus, South Africa, India and Dubai. The traders living in these countries will be supported online 24/7 bay Exness. You can get instant responses from their live chat. You can also leave a phone number and they will call you back. Last but not least, Exness is famous for its reliability. Click here to learn more.

If you are living in US, Forex.com is the best choice for you, because they are reliable and leading in the US market.

If you are living in Europe, Saxo Bank and Exness are the best.

And this is list of 5 largest forex brokers for you

  1. Exness.com: $395 Billions.

  2. XM.com: $320 Billions

  3. Forex.com: $300 Billions

  4. Saxo Bank: $300 Billions

  5. FXCM: $220 Billions.

 

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