Step 1: Know exactly what you want to achieve through forex trading. It makes things much easier if you write down a list of features that you want in the forex broker you would like to work with.

You can achieve this by writing down answers for the following questions:. This is not an exhaustive list. You can add your own questions and then begin the research. Scan the network and visit the websites of brokers who have been shortlisted based on the answers to the questions listed in the previous section. Read their forex trading policies and rules, understand their terms and conditions and try to get a feel of their business transparency by checking the availability of contact addresses, telephone numbers, customer support services and information about the regulatory authority that supervises their operation.

If the address is not available, availability of telephone numbers, live chat facility, skype and email do not count at all. Websites of trusted forex brokers will have a physical address listed out. Trusted forex brokers who are collecting money from clients and providing platforms for currency trading always ensure that their websites are fully functional in all respects.

The next important aspect you should look for is regulation. It is always better to open a trading account with a regulated broker. A regulated broker would register the organization with appropriate authorities and operate under their regulatory supervision. The major regulatory authorities around the world are as follows:. Reading reviews of forex brokers is definitely helpful, but it can be confusing, sometimes even overwhelming.

It is, therefore, important that you stick to the following rules when reading reviews:. a If the broker has been operating for more than 10 years, you can be sure that the company knows the business and cares for its clients. Otherwise, the company would have been closed down.

b If the broker is regulated by the regulatory body of the country in which they operate , you know that the company is serious about its business and is making necessary efforts to comply with the rules and requirements stipulated by the supervising body.

c If the broker offers several trading products Forex, Futures, Stocks, Commodities, CFDs, Options, etc. d When reading reviews, make sure that there are no mentions about profit cancellations or withdrawal denials. If there are, it should raise a red flag in your mind. One or two stray mentions can be neglected, but you must take a serious view if there are many such reviews.

Your approach to identifying a trusted forex broker should be similar to one you use to choose a bank and entrust your money. The factors to be considered are reputation, transparency, ease of depositing and withdrawing funds and customer support service offered.

Finally, never agree to the terms and conditions without reading and clarifying with the customer service representatives. This is because many Forex brokers often forget to update their websites with changed trading conditions. The foreign exchange market, also known as forex is the largest and one of the most liquid capital markets in the globe with trillions of dollars exchanges daily. In the past couple of years, FX trading gained significant popularity mainly due to its ease of access and the many opportunities it offers.

If you have plans to join the interesting world of forex trading, you have a long way to go and a lot to learn until you succeed but information, knowledge, and logic thinking will surely get you there.

One of the first and most important steps towards a successful journey of currency trading is choosing a reliable and trustworthy broker. This is not an easy task considering there are hundreds of brokers out there with each one of them claiming to be genuine.

There are many factors to consider when choosing a forex broker, but the most important of them is regulation. In this article, we are going to discuss the benefits of working with a regulated forex broker. Since there is no centralized body that oversees the forex trading market, many countries now have independent and government bodies that have been tasked to supervise currency trading in their jurisdictions. These supervisory agencies regulate foreign exchange market by setting standards which all financial investment firms and forex brokers operating under their jurisdiction must comply with.

These standards ensure that all parties involved in Forex or CFD trading are subjected to fair and ethical financial practices.

Regulatory bodies also issue license to brokers that meet certain criteria to give them the right to offer services in a certain jurisdiction. The broker will have to abide by all the rules and regulations otherwise their license may be revoked. Now that you know what forex regulation is, the next question is, how do you benefit from working with a regulated forex broker as a trader? When Forex brokers are supervised by a regulatory body, retail traders investors can be sure about the credibility of the brokerage firm.

The biggest risk of working with an unlicensed forex broker is losing your hard-earned money when the broker engages in Ponzi schemes or fraudulent activities. Some of the most common fraudulent activities in the forex industry include excessive commissions, very wide spreads, restrictions on withdrawals and hidden terms and conditions.

Regulatory authorities have created a platform wherein such case cases of fraud in FX trading can be dealt with effectively. Regulatory bodies have been mandated by the law to deal with any broker engaging in illegal practices by following the stipulated legal channels. They can sanction, restrict, or ban the broker from ever conducting business by permanently revoking their license. The only problem here is the fact that the regulators can only deal with cases in their jurisdictions.

Even so, there has been a noticeable reduction of forex trading scams. What will you do as a trader is your broker goes bankrupt or disappears with your hard-earned money? It can painful to lose money in forex trader but if you find yourself in such a scenario, there may be some hope for you, if the broker in question is regulated.

Depending on your case, you can be compensated for your lost funds as most regulated brokers have some form of insurance for their clients. For example, for a broker to be regulated and licensed by CySEC, they have to sign up for the Investor Compensation Fund ICF. If, for some reason, your CySEC regulated broker canceled your profits, went bankrupt or engaged in actions that led to the loss of your funds, you may be eligible for compensation by ICF.

To claim your compensation, you are required to visit their website and fill an online form or send a letter attaching all necessary documents to their offices.

This way, the broker will always be able to attend to your withdrawal requests without any issues. Most unregulated forex brokers will often come up with tricks to lure unsuspecting potential clients. Regulatory bodies also prevent brokers from using dangerously high leverage options, extreme wide spreads, and enticing marketing schemes. You now know the benefits of working with regulated brokers, but how do you determine whether a broker is licensed or not?

How do you know when a broker is lying they are licensed and regulated? Here are two ways to determine whether a forex broker is licensed;. Regulatory bodies require the forex brokers regulated by them to list their list details regarding their regulation on their websites.

This includes their license number and the name of the regulatory authority. This information can be found in the About Us section or at the bottom of each webpage on their website.

Most regulatory bodies have a website with a tool to search license numbers of the brokers they are regulating. It is definitely one of the best online trading platforms on the market.

Freedom Finance Europe Ltd. is a professional broker, operating today in many international territories, mainly in Europe. At the base of everything, the presence of a dynamic platform, which offers access to various world stock exchanges and allows to invest in IPOs a rarity in the sector. All this to allow even users with less experience in the sector to invest using clear and intuitive tools. Through the Freedom24 platform, all interested users have the possibility to open a personal account and access the investment section.

Freedom Finance provides you with a demo trading account to initially practice and gradually learn how to trade, without the need to deposit your money right away. The Freedom Finance platform is based on a streamlined and intuitive operation.

Through the services of the platform, you always have the possibility to read the analyses of Freedom Finance analysts, manage your investment portfolio, buy or sell shares, ETFs and other instruments. One of the main features of Freedom24 is that it allows registered investors to invest in new shares i.

IPOs , even before they become public on the market. There is always the possibility of reselling them in later stages. Registering with Freedom24 allows you to benefit from a completely free account for the first 30 days. The other fee profiles allow you to choose between a fixed monthly fee, more suitable for high-volume traders, or a zero-fee profile, with a small commission per share. Trade is a perfect online trading platform for those who want to invest in cfd stocks, shares, indices and cryptocurrencies from home with their PC or smartphone.

The reason why we have chosen Trade over other brokers is because it is so easy to use. The trading platform is easy to use and extremely innovative both in terms of UX — user experience — and internal technology. The company is based in Cyprus, as is the case with most trading brokers , and is regulated by CySEC.

It is worth mentioning that the guidelines that a CySEC regulated broker must follow are much stricter than in the past. The company the platform belongs to is Trade Capital Markets, and it is listed in the register of intermediaries without a branch, so it is a p latform authorised to operate in UK.

Inside you have the possibility to trade with more than financial instruments : from cfd trading, stocks, commodities, indices, forex trading and cryptocurrencies bitcoin, ethereum etc. As a demo user you will be able to use all the features of the real account. Trade does not charge commissions on trades, which means you only pay the spread for each trade and of course the withdrawal. IQ Option entered the market in , and since then has done a great job of differentiating itself from other binary options broker services, becoming one of the most popular binary options brokers ever.

By logging on to IQ Option, you can bet on whether the price of a stock, index or currency will go up or down over a certain period of time. Beware though, in recent months, due to the trading regulations issued by ESMA the European Securities and Markets Authority , the broker IqOption has radically changed its core business from binary trading to CFD trading.

Binary options are only available more for professional traders. IQ Option has not raised any suspicions of fraud so far. From the point of view of security, no weak points are reported. One of the biggest advantages of the Iq Option platform is the charts: with the charts available you can do basic technical analysis, you can use Japanese candles and many other indicators such as Moving Averages, Bollinger Bands, MACD, RSI, Stochastic Chart, and others.

This is a very positive feature as we know that binary options brokers leave something to be desired when it comes to charts or other technical tools. IqOption is a web platform that not only allows you to invest in cryptocurrencies without buying them but also to buy and sell them within your own exchange.

Furthermore, if you trade cfd with the broker, you can choose to withdraw your profits in bitcoin or other cryptocurrencies. Like many online brokers, IQ Option also offers the possibility to use a demo account. Registration is easy and you can start trading immediately with the IQ Option Demo. The demo of IQ Option, does not differ from the real account, so we can take the opportunity to make a trading simulation that allows us to test ourselves and get to know the instrument and the platform on which we will invest our money.

When you have practiced enough, you can open a real account, verifying your personal data, as is the case with all CySEC brokers.

One thing that many traders will be happy to know especially novices is that in addition to the Demo Account being free, the minimum deposit at IQ Option is only 10 Euros , a very affordable amount to start trading.

There is a minimum deposit, however, which is among the lowest ever. The transaction will be confirmed within 24 hours. In order to avoid money laundering, gains or withdrawals will be paid to the same account from which the deposit was made. IQ Option: Access one of the best binary options brokers on the market. Login here: Iq Option Login.

Or click here to register: Iq Option Download. With AvaTrade we are talking about a broker that is a bit more technical, ideal for those looking for a professional trading platform but also a good choice for novice traders looking to grow. To think that AvaTrade is a scam is at least unlikely. It is one of the most regulated brokers internationall y, with authorizations granted by the Central Bank of Ireland, the BVIFSC Virgin Islands , ASIC Australia , FSCA South Africa , FSA and FFAJ Japan.

On the AvaTrade website the user can find all necessary information, documentation and reviews. AvaTrade has also won several awards and accolades, as the best forex broker and more.

It is also a sponsor of Machester City, further proof of its reliability. The software offers all the tools for comprehensive technical analysis and can be used from app and desktop. AvaTrade can also be used on MT5, AvaTradeGo, AvaOptions and other platforms. For beginner users, the broker has greatly enhanced training by offering videos, lectures, webinars, ebooks and even autographed trading books.

In addition, they have also activated copy trading functionality to follow the moves of the pros. The company has chosen to focus on forex, CFD and crypto trading, a reductive choice compared to other online trading platforms. You can contact AvaTrade by phone, email or live chat. In general, AvaTrade charges low trading commissions and high interest rates. There are no withdrawal or deposit fees. The table below briefly shows the financial levers and commissions applied by the Uk trading platforms i.

with a website translated into Italian that we have reviewed. Study all the features of a trading platform before choosing the final one. Remember that the features of a trading platform may be subject to change at the discretion of the broker. Before depositing, find out as much as possible about the new features and changes implemented in terms of costs, levers and other useful data. The world of trading is attracting more and more people thanks to the ease with which it is possible to invest from home and try to earn money on the stock exchange.

However, this requires absolute transparency from brokers and an increasing effort to make users aware of the high risk of losing money. A growing trend in is the phenomenon of banks providing an online trading service. We have mentioned Fineco, but there are many like it in the world. Saxo Bank is undoubtedly one of the best online broker services and a prestigious Danish bank.

Watch out also for Degiro, which is growing incredibly in the trading sector. This is launching it from the Netherlands to all European countries and the world, with almost 60 awards to its credit. Speaking of low commissions: the race for the lowest costs seems to be another challenge of the future for online brokers, who are minimising trader fees especially emerging platforms. It is worth mentioning the American broker Robinhood , which is ready to take its share of the market by offering 0 commission trading.

At the moment it is not possible to open a trading account from Italy. The prediction is that in a scenario of very restrictive regulations and certifications, we are sure that reliable brokers will prevail over the others. Untrustworthy trading platforms will be banned immediately and will no longer be able to trade with European investors.

To learn more about the best cryptocurrency brokers we recommend you read the article published a few days ago on TradingChooser: Bitcoin Trading Platforms. For the rest all recommended platforms give the possibility to trade cfd of bitcoin and other cryptocurrencies. In some cases there is a very large list available.

This is the case with eToro which provides the trader with the following cryptocurrencies:. In the list above, we have tried to include the best known and most popular platforms on the web. The question we are often asked is:. Among those listed in the table above one of the professional platforms is AvaTrade, which allows you to move well in technical analysis and trade through external third-party software such as Mt4 MetaTrader 4 or Mt5.

Another recommended trading site for experts looking for a user-friendly broker is Plus, which is very technical and comprehensive. A free trading platform is usually trading software that allows you to trade or use the platform completely free of charge, i. without having to deposit money. Most of the recommended trading platforms allow you to take advantage of a Demo Account , which is the ability to simulate trading operations using virtual money.

In practice, for free, you can try the platform without any limits. A ll of the above platforms give their users the opportunity to open a free, no-deposit demo account. A demo account gives you the opportunity to simulate trading operations virtually without depositing money. This allows you to try out the trading platform and decide whether it is right for you or whether it is too complicated to handle. Have you heard of the Online Trading View platform and are wondering what it is?

Well, actually TradingView is not a real trading platform, it is rather a technical analysis platform made by MultiCharts, which allows you to follow the real-time performance of major stocks, indices, ETFs and more. In addition, it offers accurate charts and complete histories with indicators and tools for professional traders. The only sore point is the cost of the subscription, which is not for every budget. These platforms provide their traders — free of charge — with real real-time stock books, through which you can view charts, histories and quotes of all assets available.

Having up-to-date quotes and reliable histories allows you to understand the evolution of the market price of a particular share. If you want to buy Amazon shares, one of the first things to check is the current price and any past lows and highs. Having an up-to-date chart like the one we show below is essential to carry out a whole series of trading strategies that will allow you to obtain reliable results when applying technical analysis Read our free guide to online trading.

If we then move to the sponsorship side, it is easy to think that trading brokers who have become official sponsors of major football teams would hardly have obtained such partnerships if they had been scams. Case in point? AvaTrade is an official sponsor of Manchester City, Markets. com is a sponsor of Arsenal and Plus has been the main sponsor of Atletico Madrid for several years. If you want to invest in the stock market by earning from the performance of shares, indices or currency exchange , you have two options: either you can go to your personal bank and ask to open a securities account with all the costs and commissions involved or you can enter the world of online trading, entrusting the sums to be invested to one of the many online brokers who trade CFDs contracts for difference or shares.

The online trading platforms that we have shown you in our table represent the best the trading market has to offer in Italy at the moment. Through the platforms you can trade online, buy and sell stocks, ETFs and currencies. Warning : We will never get tired of saying that before entrusting your money to a broker, make sure that he is authorised and regulated by Consob, Cysec, FCA or other regulatory bodies.

To start trading just choose one of the recommended platforms from the list above, click on the one that meets your needs and register.

After registering, you will have the opportunity to deposit or try the platform in demo mode in practice, you will be given virtual credits with which to test the software. Once you have made your deposit, you can start investing.

Online trading platforms compared. Find out which are the best trading sites on the web for legal in United Kingdom. Choose one of the best online trading brokers trustworthy and certified by Fca , avoid scams by choosing one of the best authorized trading platforms in this ranking.

Updated to November take account of data on the security of trading platforms extracted from the TradingChooser website. In short, choosing the best broker is really essential whatever your trading experience beginner or professional. Before moving on to the analysis, let us define the concept of brokers and trading platforms. A broker is a company authorised to act as an intermediary between the individual and the financial market.

Trading platforms are the software used to trade CFDs and forex. Some brokers have their own native platform e. eToro , others use platforms common to other brokers e. MetaTrader 4. Trading sites are the first step for those who want to start playing the stock market from home, an activity that was once precluded to many.

Brokers offer several advantages: very low commissions, small capital investment, total convenience trading from app or PC , complete autonomy, instant operations. In addition, it is important to know how reliable the brokers operating on the market are , so as not to run into frequent online scams.

The platforms that we have listed in the table currently represent the best possible choice for a trader who is looking for the maximum reliability in a platform. We go, therefore, to see in the detail the single platforms putting in evidence for every broker the more important criteria in order to make the correct choice:.

eToro is perhaps the most famous broker in the world and one of the best trading platforms for beginners. The Cypriot company has contributed a great deal to the spread of online trading on a large scale, not least because of the best socia l trading service on the market.

The community of millions of traders is the strength of eToro, as well as a first sign of reliability. The company is undoubtedly one of the most transparent in providing clear information to users about permissions, the team behind it with CEO Yoni Assia and other useful warnings.

In the world eToro is authorized and regulated by CySEC, FCA and ASIC, while in Italy it operates with the permission of FCA. It offers a proprietary web platform, accessible on the web and via app, very user-friendly , with a demo account to test features and simulate the experience of being a trader. Many people know eToro for its social trading, the feature that connects traders from all over the world to share experiences, strategies and copy the work of experienced traders.

On eToro the user can trade ETFs, forex, CFDs and cryptocurrencies. Moreover, from mid it is also possible to buy cryptos, trade them and store them within the eToro Wallet, one of the very few brokers to offer this service. Compared to the standards of the best online trading platforms, eToro has an unsurprising customer support. The broker does not provide direct support over the phone, and chat advice is rather cumbersome. The service is available 24 hours a day from Monday to Friday.

eToro does not charge commissions on deposit management and allows you to trade online with 0 commissions spreads apply. Official website: www. Official Website: www. Plus is a regulated broker listed on the London Stock Exchange AIM: PLUS with a long history. Since September 1, it has also been the sponsor of Atalanta. Plus was one of the first user-friendly trading platforms and made it possible for CFD trading to become widely available to everyone.

Like most r egulated brokers, it offers negative balance protection, which means that you cannot lose more than your deposit.

Visit the website to find out more. Plus offers very low spreads, but they are dynamic, meaning they change over time. You pay no commissions and have no monthly fix. If you hold the position open overnight, i. for more than one day, you will be charged a small fee. Plus is regulated and authorised by CySEC and the FCA. We have tried several times to make withdrawals with the Plus platform and have received our funds in days, so if you register with real documents you will have no problem withdrawing.

It is definitely one of the best online trading platforms on the market. Freedom Finance Europe Ltd. is a professional broker, operating today in many international territories, mainly in Europe.

At the base of everything, the presence of a dynamic platform, which offers access to various world stock exchanges and allows to invest in IPOs a rarity in the sector. All this to allow even users with less experience in the sector to invest using clear and intuitive tools. Through the Freedom24 platform, all interested users have the possibility to open a personal account and access the investment section. Freedom Finance provides you with a demo trading account to initially practice and gradually learn how to trade, without the need to deposit your money right away.

The Freedom Finance platform is based on a streamlined and intuitive operation. Through the services of the platform, you always have the possibility to read the analyses of Freedom Finance analysts, manage your investment portfolio, buy or sell shares, ETFs and other instruments.

One of the main features of Freedom24 is that it allows registered investors to invest in new shares i. IPOs , even before they become public on the market. There is always the possibility of reselling them in later stages. Registering with Freedom24 allows you to benefit from a completely free account for the first 30 days.

The other fee profiles allow you to choose between a fixed monthly fee, more suitable for high-volume traders, or a zero-fee profile, with a small commission per share. Trade is a perfect online trading platform for those who want to invest in cfd stocks, shares, indices and cryptocurrencies from home with their PC or smartphone. The reason why we have chosen Trade over other brokers is because it is so easy to use. The trading platform is easy to use and extremely innovative both in terms of UX — user experience — and internal technology.

The company is based in Cyprus, as is the case with most trading brokers , and is regulated by CySEC. It is worth mentioning that the guidelines that a CySEC regulated broker must follow are much stricter than in the past. The company the platform belongs to is Trade Capital Markets, and it is listed in the register of intermediaries without a branch, so it is a p latform authorised to operate in UK.

Inside you have the possibility to trade with more than financial instruments : from cfd trading, stocks, commodities, indices, forex trading and cryptocurrencies bitcoin, ethereum etc. As a demo user you will be able to use all the features of the real account. Trade does not charge commissions on trades, which means you only pay the spread for each trade and of course the withdrawal.

IQ Option entered the market in , and since then has done a great job of differentiating itself from other binary options broker services, becoming one of the most popular binary options brokers ever.

By logging on to IQ Option, you can bet on whether the price of a stock, index or currency will go up or down over a certain period of time. Beware though, in recent months, due to the trading regulations issued by ESMA the European Securities and Markets Authority , the broker IqOption has radically changed its core business from binary trading to CFD trading.

Binary options are only available more for professional traders. IQ Option has not raised any suspicions of fraud so far. From the point of view of security, no weak points are reported. One of the biggest advantages of the Iq Option platform is the charts: with the charts available you can do basic technical analysis, you can use Japanese candles and many other indicators such as Moving Averages, Bollinger Bands, MACD, RSI, Stochastic Chart, and others.

This is a very positive feature as we know that binary options brokers leave something to be desired when it comes to charts or other technical tools. IqOption is a web platform that not only allows you to invest in cryptocurrencies without buying them but also to buy and sell them within your own exchange.

Furthermore, if you trade cfd with the broker, you can choose to withdraw your profits in bitcoin or other cryptocurrencies. Like many online brokers, IQ Option also offers the possibility to use a demo account. Registration is easy and you can start trading immediately with the IQ Option Demo.

The demo of IQ Option, does not differ from the real account, so we can take the opportunity to make a trading simulation that allows us to test ourselves and get to know the instrument and the platform on which we will invest our money. When you have practiced enough, you can open a real account, verifying your personal data, as is the case with all CySEC brokers. One thing that many traders will be happy to know especially novices is that in addition to the Demo Account being free, the minimum deposit at IQ Option is only 10 Euros , a very affordable amount to start trading.

There is a minimum deposit, however, which is among the lowest ever. The transaction will be confirmed within 24 hours. In order to avoid money laundering, gains or withdrawals will be paid to the same account from which the deposit was made. IQ Option: Access one of the best binary options brokers on the market. Login here: Iq Option Login. Or click here to register: Iq Option Download.

With AvaTrade we are talking about a broker that is a bit more technical, ideal for those looking for a professional trading platform but also a good choice for novice traders looking to grow. To think that AvaTrade is a scam is at least unlikely. It is one of the most regulated brokers internationall y, with authorizations granted by the Central Bank of Ireland, the BVIFSC Virgin Islands , ASIC Australia , FSCA South Africa , FSA and FFAJ Japan.

On the AvaTrade website the user can find all necessary information, documentation and reviews. AvaTrade has also won several awards and accolades, as the best forex broker and more. It is also a sponsor of Machester City, further proof of its reliability. The software offers all the tools for comprehensive technical analysis and can be used from app and desktop.

AvaTrade can also be used on MT5, AvaTradeGo, AvaOptions and other platforms. For beginner users, the broker has greatly enhanced training by offering videos, lectures, webinars, ebooks and even autographed trading books.

In addition, they have also activated copy trading functionality to follow the moves of the pros. The company has chosen to focus on forex, CFD and crypto trading, a reductive choice compared to other online trading platforms. You can contact AvaTrade by phone, email or live chat. In general, AvaTrade charges low trading commissions and high interest rates.

If you have traded forex in the past, you will appreciate the choice of platform that is available, namely, MetaTrader 4 and 5, cTrader, and they are proprietary developed, FxPro Platform. It is equally diverse in its trading accounts. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. Here's how we tested. These cookies are strictly necessary to provide you with services available through our website and to use some of its features. AvaTrade can also be used on MT5, AvaTradeGo, AvaOptions and other platforms.

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