Get to know the top-rated forex brokers for 2021
Brokers

Get to know the top-rated forex brokers for 2021


The forex market is the most actively traded financial market in the world, working 24/7, and with nearly 6 trillion in daily volume. Most Forex brokers are free to be used by any trader regardless of their experience, budget, or investment. The secret to finding the best and most secure Forex brokers is knowing where to find them and how to look for them. The most important key points to look at when choosing a broker are regulation, trading experience, fees, trading platforms, and payment methods.

If you’re looking forward to investing in forex in 2021, this reading is for you!

The regulation of Forex

At present, there is no consistent global regulation of this market. The regulatory sector continues to operate at the local level, with each broker registering under regulation in a location of their choice. 

The regulation aims to ensure fair and ethical business behavior. Under applicable regulatory contracts, all Forex brokers, investment banks, and signal sellers must operate in strict compliance with the rules and standards set by Forex regulatory bodies or their activities may be considered illegal.

These bodies must be registered in the country where their operations are based, which ensures compliance with quality control standards. Brokers are subject to periodic audits, reviews, and evaluations that require them to maintain industry standards.

It is highly recommended that you consider brokers with a good reputation in the past, not only in your country but also in other jurisdictions, such as the United Kingdom, Australia, US, etc.

Thus, to list the best possible brokers in the forex market, we seek to select brokers that are authorized by tier-1 regulators.

Find out now which are the top-rated forex broker for 2021:

  • FXCM: best offering and excellent support 
  • IG: excellent offering and web platform
  • XTB: best platform usability  
  • Pepperstone: various copy trading platforms
  • TD Ameritrade: the US only and great trading platform
  • Forex.com: excellent price plan and platform
  • Interactive Brokers: multi-asset broker and competitive fees
  • CMC Markets: best web platform and various currency pairs
  • FXTM: accepts Nigerian currency 

 

FXCM

forex trading

Founded in 1999, FXCM is regulated by the Financial Sector Conduct Authority (FSCA),  Australian Securities & Investment Commission (ASIC), and the Financial Conduct Authority (FCA). FXCM is part of Leucadia Investments, a publicly-traded company and it is considered one of the best forex brokers overall.

FXCM provides two types of accounts available: standard and premium (Active Trader) for high volume investors.

The broker’s minimum initial deposit is $100. To deposit funds into your account, FXCM offers several options: debit and credit cards,  bank wire,  Skrill, Union Pay, and  Neteller. You can check these options and the cost of operation here.

Even on the standard account, FXCM provides low commission rates and average tight spreads. We searched average spreads of major Forex pairs for standard accounts, listed below:

  • EURUSD: 1.1 pips
  • GBPUSD: 1.7 pips
  • USDJPY: 1.2 pips
  • USDCAD: 1.6 pips
  • USDCHF: 1.6 pips
  • AUDUSD: 1.2 pips
  • NZDUSD: 1.6 pips

Customers depositing a minimum of $25,000 can have an Active Trader account (premium fx trading account). This type of account comes with a lower commission rate of $25 per million and access to premium searches.

It is important to note that Active Trader accounts are charged a commission per trade, in addition to the reduced spreads,  in contrast to standard accounts, which are charged only the spreads.

FXCM has its platform called Trading Station, which includes various types of orders, advanced charting applications and indicator presets. In addition to this platform, other trading platforms are also available: MT4, ZuluTrade e Tradingview.

You can trade forex automated with an AI trading system in FXCM!

By using the AI trading system, artificial intelligence will automatically invest in your FXCM account. You can monitor the AI trading performance in real-time directly on our Wiseinvest’s dashboard or the FXCM trading station.

You can also trade manually with the AI forex signals at your own pace. In this case, just copy each forex signal and paste it into the trading room.

Open a trading account with the forex broker FXCM by clicking here.

 

IG

best forex brokers

IG was founded in 1974 and has more than 239,000 customers worldwide. It is one of the safest forex brokers, being regulated by the Financial Sector Conduct Authority (FSCA), Australian Securities & Investment Commission (ASIC), and five other Tier-1 regulators. Thus, traders’ investments are kept in segregated bank accounts, in regulated banks, and cannot be mixed with IG’s own money.

In a possible liquidation situation of the broker, all deposits are legally protected under the conditions of fiduciary money, since clients’ funds are held in regulated trust accounts.

IG offers two types of accounts, the standard and the other for professionals with a higher volume of trades. Both accounts have different fees and commissions.

For example, the average spread for the EUR/USD pair is 0.86 pips (minimum at 0.6 pips) and the margin required for the standard account is 0.50%, while for the trading account it is 0.40%.

To open a standard account, you will need to deposit at least £250. To deposit funds into your account, you can use, at no additional cost, a debit card of Visa and MasterCard flags; a credit card (1%charge for Visa and 0.5% charge for MasterCard); PayPal (1% charge), and BPAY.

The main IG trading platform is web-based. It is customizable, the graphics contain advanced features and allow the insertion of alerts for indicators. Besides, MetaTrader4 platforms, a platform of their own, L2  Dealer,  ProRealTime, and APIs are offered. IG also has a mobile app for you to invest anywhere.

You can use the AI signals in the IG accounts. The signals are sent by email and Telegram, being necessary only to copy and paste into the broker’s account.

Open a trading account with the forex broker IG by clicking here.

 

XTB

best forex brokers

A publicly-traded broker, XTB is a brokerage founded in 2002. It is regulated by a tier-1 regulator: the Financial Conduct Authority (FCA). Thus, it treats the protection of Client Money in strict accordance with the FCA’s rules and regulations. All retail Client Money is held in segregated client bank accounts. All client funds are protected by the Financial Services Compensation Scheme (FSCS), up to £ 85,000 per person in the unlikely event of its insolvency.

There are three types of accounts available from XTB. The standard account has a minimum spread of 0.5 pips, minimum order 0.01, maximum leverage of 1: 500 and has no commission for forex. The Pro account has a minimum spread of 0.1 pips, a minimum order of 0.1 lot, maximum leverage of 1: 500, and a commission starting at $ 3.50 per lot.

The Islamic forex trading account has a minimum spread of 0.7 pips, a minimum order of 0.01, maximum leverage of 1: 500, and a commission starting at $ 10 per lot. The average spread of XTB for the EUR / USD pair is 0.7 pips for the standard account and 0.3 pips for the Pro account.

There is no minimum initial deposit amount when opening an XTB account. Funds can be deposited into your account by bank transfer, credit cards (MasterCard, Maestro, and Visa), and e-Wallets (PayPal and Skrill).

XTB’s trading platform is xStation 5, which has heat maps, sentiment analysis, and trader statistics.

It is available on the web, mobile, and tablet. XTB also offers the MetaTrader 4 platform.

You can invest using Wiseinvest AI forex signals on XTB. The signals are sent by e-mail and Telegram, requiring only copy and paste into the brokerage account.

Open a trading account with the forex broker XTB by clicking here.

 

Pepperstone

best forex brokers

Pepperstone was founded in Australia in 2010 and quickly became one of the largest forex brokers in the world. It is licensed by the Australian Securities and Investment Commission (ASIC) and authorized and regulated by the UK Financial Conduct Authority (FCA). Pepperstone is not a publicly-traded company. Pepperstone holds all client funds in segregated accounts held with a tier-one Australian bank.

With two types of account, Razor and Standard, Pepperstone offers variety in its pricing plan. The Razor account is commission-based and offers a minimum spread of 0. The average spread of this type of account for the EUR / USD pair is 0.16pips. The standard account is based on commission incorporated into the prevailing spreads. This type of account has average spreads for EUR / USD of 1.13 pips.

The minimum initial deposit when opening a Pepperstone account is $200.00. The deposit methods are Visa and MasterCard, POLi, bank transfer, BPAY, PayPal, Neteller, Skrill, and Union Pay.

Despite not having its platform, Pepperstone offers the MetaTrader 4, MetaTrader 5, and cTrader platforms. Also, they offer platforms for copy trading, such as MirrorTrader, RoboX, ZuluTrade, and MyFxbook. You can access the comparison of these platforms here.

You can use Wiseinvest AI forex signals on Pepperstone. The forex signals are sent by e-mail and Telegram, requiring only copy and paste into the brokerage account.

Open a trading account with the forex broker Pepperstone by clicking here.

 

TD Ameritrade

A publicly-traded broker, TD Ameritrade is a brokerage founded in 1975. It is regulated by five tier-1 regulators:

  • The Financial Conduct Authority (FCA).
  • Investment Industry Regulatory Organization of Canada (IIROC).
  • Securities Futures Commission (SFC).
  • Monetary Authority of Singapore (MAS).
  • The Commodity Futures Trading Commission (CFTC). 

It has several security procedures for customer accounts, including The Asset Protection Guarantee to protect customer assets in the event of unauthorized activity.

You can check its security procedures here.

The standard account of TD Ameritrade has an average spread of 1.065 pips for a pair like EUR/USD. You can trade 75 currency pairs. There is no minimum initial deposit amount when opening a TD Ameritrade account.

Funds can be deposited into your account by Electronic Bank Deposit (ACH), Wire Transfer, and Check.

TD Ameritrade’s trading platform is thinkorswim, which is available in desktop, web, and mobile versions. The platform includes several indicators and investment strategies and it is fully customizable, and downloadable software.

You can invest using Wiseinvest AI forex signals on TD Ameritrade. The signals are sent by e-mail and Telegram, requiring only to copy and paste into the brokerage account.

Open a trading account with the forex broker TD Ameritrade by clicking here.

 

FOREX.com

Part of GAIN Capital Holdings, FOREX.com is a global market leader founded in 2001. It is licensed by four tier-1 regulators:

  • The Commodity Futures Trading Commission (CFTC).
  • Investment Industry Regulatory Organization of Canada (IIROC).
  • Japanese Financial Services Authority (JFSA).
  • Financial Conduct Authority (FCA). 

It is considered a safe company as all customer deposits are kept separate from its operating funds and distributed across a global network of custodian banks.

Clients’ money is held with top-tier banks and FOREX.com has trust letters in place to ensure the money remains segregated from the assets of the bank.

With two types of account, Standard and Commission, FOREX.com offer the option of choosing a pricing model that best suits your trading style. The Standard account has an average spread of 1.4 pips for the EUR / USD pair. The Commission account is ideal for traders looking for the flexibility of trading significant reductions on spreads and has a $5 commission per 100K traded.

The minimum initial deposit when opening a FOREX.com account is $100.00. The deposit methods are credit card, debit card, or wire transfer.

You can check the minimum and maximum per transaction by clicking here.

FOREX.com’s desktop platform, Advanced Trading Platform, is available on desktop, web, and mobile. It offers professional analytics tools, integrated trading strategies, and advanced charting features. The broker also offers MetaTrader 4 and MetaTrader 5.

You can use Wiseinvest AI forex signals on FOREX.com. The signals are sent by e-mail and Telegram, requiring only to copy and paste into the brokerage account.

Open a forex trading account with broker Forex.com by clicking here.

 

Interactive Brokers

Founded in 1977, Interactive Brokers is regulated by the following tier-1 regulators:

  • The Commodity Futures Trading Commission (CFTC).
  • Investment Industry Regulatory Organization of Canada (IIROC).
  • Securities Futures Commission (SFC).
  • Japanese Financial Services Authority (JFSA).
  • Financial Conduct Authority (FCA).
  • The Monetary Authority of Singapore (MAS). 

Interactive Brokers (IBKR) offer low commissions for forex trading and these commissions get lower based on volume, which is an excellent option for high volume traders. The broker doesn’t publish the average spreads of forex currency pairs, but you can check real-time quotes on their website.

The broker does not have a minimum initial deposit. To deposit funds into your account, IBKR offers the following options: Wire transfer, check (all checks, including retirement checks), and online bill payment check.

Trader Workstation is the IBKR’s trading platform. It is a desktop platform and includes all of the most advanced algorithms and trading tools.

Also offers a library of tool- and asset-based trading layouts for total customization. Interactive Brokers also has a mobile app and does not offer MetaTrader.

You can use the AI forex signals in the Interactive Brokers accounts. The signals are sent by email and Telegram, being necessary only to copy and paste into the broker’s account.

Open a trading account with the forex broker Interactive Broker by clicking here.

 

CMC Markets

forex brokers

CMC Markets was founded in 1989 and, in the last two years, they’ve won over 50 awards. It is a publicly-traded company and it is regulated by the regulators:

  • Monetary Authority of Singapore (MAS)
  • Investment Industry Regulatory Organization of Canada (IIROC)
  • The Financial Conduct Authority (FCA)
  • Australian Securities & Investment Commission (ASIC). 

Thus, they distinguish clients’ money from their own and hold it in separate bank accounts.

In the event of insolvency, retail clients would have their share of segregated money returned, minus the administrators’ costs in handling and distributing these funds.

CMC Markets offers two types of accounts, the CFD Account, and the Corporate Account. With competitive pricing, the accounts have an average spread of 0.7 pips for the EUR/USD pair and a margin rate of 3.00%.

There is no minimum initial deposit amount to open an account in CMC Markets. To deposit funds into your account, you can use Online Bill Payment, Electronic Funds Transfer (EFT), Wire Transfer, and Personal Cheque.

The main CMC trading platform is called Next Generation and is web-based. It is fast and contains advanced features and tools. Besides, MetaTrader4 is offered. CMC Markets also has a mobile app for you to invest anywhere.

You can use the AI signals in the CMC Markets accounts. The signals are sent by email and Telegram, being necessary only to copy and paste into the broker’s account.

Open a trading account with the forex broker CMC Markets by clicking here.

 

FXTM

Established in 2011, the FXTM brand is a global leader in online trading. It is regulated by the Cyprus Securities and Exchange Commission, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa. The company is also registered with the Financial Conduct Authority(FCA) of the UK. Thus, all funds for retail clients have full segregation from the assets of the firm.

You can check its security procedures here.

FXTM offers various deposit methods. You can check all by clicking here

There are four types of accounts offered by FXTM: Standard, Cent, ECN, and ECN Zero. You can check the main details of each account below:

Standard

  • Minimum Deposit: $/€/£ 100
  • Spread: From 1.3 pips
  • Leverage: Floating from 1:2000
  • Minimum Volume per Trade: 0.01 lots
  • Trading Platforms: MT4/MT5

Cent

  • Minimum Deposit: $/€/£ 10
  • Spread: From 1.5 pips
  • Leverage: Fixed from 1:1000 – 1:25
  • Minimum Volume per Trade: 0.01
  • Trading Platforms: MetaTrader 4

ECN

  • Minimum Deposit: $/€/£ 500
  • Spread: From 0.1 pips
  • Leverage: Floating from 1:2000
  • Minimum Volume per Trade: 0.01 lots
  • Trading Platforms: MT4/MT5
  • Commision: $2 per lot

ECN Zero

  • Minimum Deposit: $/€/£ 200
  • Spread: From 1.5 pips
  • Leverage: Floating from 1:2000
  • Minimum Volume per Trade: 0.01 lots
  • Trading Platforms: MT4/MT5

You can invest using Wiseinvest AI forex signals on FXTM. The signals are sent by e-mail and Telegram, requiring only to copy and paste into the brokerage account.

Open a trading account with the forex broker FXTM by clicking here.

Investing with AI. The best way to become a trader 🏆

Regardless of your experience level, Artificial Intelligence can help you become a successful trader. So, there are two ways to invest with our AI in the forex.

1. Automated with AI-Trading. Check out the 3 steps to trade automated with our AI.

By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms.

With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity. You can monitor the AI trading performance in real-time directly on our dashboard.

Automated AI trading benefits ✅

  • Invest in forex from just $100.
  • It is automatic, time-saving, and safe.
  • An annualized average return of +42%* over the past 10 years.
  • Setup in 3 minutes.
  • Totally hands-free, from anywhere.
  • Integrated with the forex best brokers.
  • Your capital is protected by the brokers.
  • Test with a risk-free practice account.
  • Up to 60 trades per month.
  • Automatic trades on average every 12 hours.
  • You have full control of your broker account.
  • Fast execution of trades.
  • No commissions, no management fees.
  • Automatic risk-management with low trading exposure of your capital (0.10% up to 0.65% per trade).
  • No MT4/MT5 or other platforms required.
  • Portfolio with 40 different automatic strategies.
  • Trading results directly on our dashboard.
  • Optional free forex signals.
  • Trading alerts by email and Telegram.
  • We have a team of professionals to support you.

Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker FXCMClick here to open an account with FXCM.

2. Manually with AI forex signals.

Wiseinvest also provides AI forex signals that perfectly fit into MT4MT5, and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.

There are five unique variables for each AI signal, and each must be copied exactly, to match the performance of the signal as close as possible.

Each AI forex signal alert consists of the following five data points:

  • Symbol (forex pair)
  • Direction (long or short)
  • Position size (number of units or lots)
  • Take profit (price level to exit with maximum gain)
  • Stop loss (price level to exit with maximum loss)

Check out how to trade with our AI forex signals.

  1. Subscribe to a Wise-Plan.
  2. Open a Brokerage account. Check this article about the best forex Brokers.
  3. Set an amount and a position size on our Wiseinvest dashboard.
  4. Our AI will send you real-time trading alerts by email and Telegram.
  5. Copy the signals and paste into your Brokerage account.

All forex signals are sent every time that our AI trading system identifies a new trading opportunity. Our trading strategies are developed on a variety of time frames such as 4 and 8 hours.

Wiseinvest AI forex signals are Market Orders and you do not need the entry price. You can copy each signal while it is available on our dashboard. We do this way to assure that traders will just place signals while they are good to be traded.

You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.

When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate pips and change the leverage in your forex broker account. Learn more about leverage in forex trading by clicking here.

What is the AI performance in forex trading?

The Win Rate of our AI shifts as indicated by the period and can reach up to 95%. The performance depends on the proficient wilderness estimation metric, which implies that our model is beneficial at whatever point the Win Rate is greater than 60%. All techniques of our AI Trading framework look for stable returns and adequate outcomes to accomplish a normal return of 40% every year (APY), without the utilization of high influences.

We comprehend that what is important in forex trading is the conclusive outcome. Along these lines, the financial specialist needs to consider that Win Rate isn’t generally the best measurement to gauge execution in forex, as other signals suppliers unveil. For example, out of 100 exchanges, it is conceivable that lone 1 exchange is sufficient misfortune to make the 99 exchanges not productive. For this situation, the Win Rate would be 99%, yet the conclusive outcome would be unfeasible (negative).

How much do I need to trade forex with AI?

You can start in forex trading with free AI signals or an AI trading account and deposit just $100 in the broker. It is also possible to test using a risk-free practice account with our AI trading system. However, to do efficient risk management in real accounts, we suggest you start at least $100.

Notice that some forex brokers require different initial deposits to trade forex.

How long should I hold my investments?

The great famous investor Warren Buffett says if you don’t feel comfortable owning a stock for 10 years, you shouldn’t own it for 10 minutes. Even during the period, he called the “Financial Pearl Harbor,” Buffett loyally held on to the bulk of his portfolio. This reinforces the importance of being patient when using our AI trading solution.

Takeaways 🎓

  • To become a trader, you must consider that you need two essential things: a trading tool and knowledge. Wiseinvest can help you for free.
  • The next trading generation comes with tools like AI trading.
  • With an average daily volume of $6 trillion, forex is the largest and most liquid financial market in the world and offers great opportunities to invest.
  • Forex sessions are 24/5 from Sunday at 5:00 pm Eastern (ET) through Friday 5:00 pm.
  • Due to a wide variety of existing Forex brokers, Forex trading has become increasingly affordable.
  • Wiseinvest provides the best AI trading solutions for forex. You can trade automated from just $100 through partner brokers with AI trading or manually with AI forex signals in the forex broker of your choice.
  • You can invest in forex with automated AI trading or AI forex signals for free.
🎯 Wiseinvest is committed to democratizing the retail forex trading market through AI solutions. We work hard to provide financial education, allow anyone in the world to invest easily with Automated AI trading and free AI forex signals. To assure the quality of the AI trading system, our multi-layer platform is integrated with AWSIBM Watson, and Google AI.

Enjoy other free articles about forex trading on the trading Academy and on our free forex Telegram channel.

Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.

The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs.

FXCM warns that 74.74% of retail forex traders lose money trading CFDs. The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.