Brokers

The best Forex Brokers in 2020


What are the best Forex Brokers in 2020? In addition to choosing a Forex brokerage firm that best suits your personal needs in forex trading, it is essential to check the certifications of official regulatory agencies.

These agencies want to protect forex traders๐Ÿ”’: ensuring stability and healthy competition, subjecting Forex brokers to rules and requirements.

๐Ÿ”ฌ As a result of extensive and impartial research, we will list here the best forex brokers in 2020, taking into account a variety of aspects such as regulation, pricing, technology, liquidity, and support. Plus, to list the best possible forex brokers, we seek to select brokers that are also authorized by other tier-1 regulators.

Who regulates forex brokers?

Each country has its own regulatory bodies such as NFA in the US, FCA in the UK, MAS in Singapore, and ASIC in Australia.

These requirements are more flexible in one country and stricter in others. Therefore, to better assist you, we recommend some brokers with reliable certifications that offer good quality services.

In summary, find out now which are the best Forex brokers in 2020:

  • FXCM: best offering and excellent support ๐ŸŽ–
  • Oanda: excellent price plan and great support ๐ŸŽ–
  • XTB: best platform usability ๐ŸŽ–
  • Pepperstone: various copy trading platforms
  • IG: excellent offering and web platform

๐ŸŽฏย  Our mission is to help you trade forex efficiently and improve your outcomes. Get extra forex trading insights from leading finance experts on our trading Academy and on our free forex Telegram channel.

๐Ÿ’น When trading forex, we suggest you consider long term results.

Let’s take a look at the top Brokers

FXCM

Highly safe, Fxcm is a UK-based broker offering forex and CFDs. Fxcm was established in 1999 and its main shareholder is the Jefferies Financial Group, listed on the NYSE and it has an investment banking background.

the best forex brokerage

Overall, in 2020 FXCM finished Best in Class across six categories, including Platform & Tools, Customer Service, Education, Mobile Trading, Ease of Use, and Social Copy Trading.

  • They provide excellent technical research tools, low spreads, and no withdrawal fees.
  • When you have a low value to invest: accounts can be opened from just $ 150.
  • It is authorized by the following regulators: ASIC in Australia, FSB in South Africa, FCA in the UK, and ACP in France.

FXCM.com works with Wiseinvest automated AI trading and AI forex signals.

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.

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OANDA

It is an award-winning forex broker and it is licensed in the USA.

forex brokerage oanda
  • When investing in fixed trading sizes, Oanda’s trading platform accepts low trading volumes.
  • This makes it perfect for putting our threats at low risk.
  • When you have a low value to invest: accounts can be opened for just $ 1.
  • It is authorized by the following regulators: ASIC, JFSA, CFTC, and FCA.

Oanda works with Wiseinvest automated AI trading and AI forex signals.

๐Ÿ‘ A particularity of OANDA is related to the contract size or minimum position sizes. Generally, a micro-lot is the smallest contract size for forex trading. However, OANDA offers the option to negotiate contracts of size 0.001ย  micro-lote. It means that you can trade forex for just $1.
Open a forex trading account with broker Oanda and start investing from just $1 by clicking here.

XTB

It is a global forex broker with warehouses worldwide. They are considered one of the best forex brokers in Europe.

forex trading xtb
  • Facilitates deposits and tax withdrawals whose foreign-related fees are consistently better than average.
  • For new traders, they use a basic account that guarantees stop loss (GSLO) and for active high-volume traders at even more attractive rates.
  • They have an educational program with courses on basic, intermediate, specialized, and premium content.
  • Authorized by the regulator: FCA.

XTB works with Wiseinvest AI forex signals.

 

IG: It is one of the most trusted forex brokers in the world.

forex broker IG
  • It guarantees to stop loss (GSLO), protecting you against unexpected volatility and offering low, transparent rates.
  • They also operate DailyFX.com: It provides access to comprehensive real-time news, research, and educational material.
  • Authorized by the following regulators: ASIC, JFSA, MAS, FINMA, FCA, and CFTC.

IG works with Wiseinvest automated AI trading and AI forex signals.

 

CMC: It is a well-established and respected forex broker.

forex trading cmc markets
  • It offers account holders a guaranteed stop loss (and even bonuses for using it).
  • It offers free bank withdrawals, which is ideal for new and low volume traders.
  • They do not offer a free API interface to allow automated and sophisticated transactions.
  • Authorized by the following highly reliable regulators: ASIC, IIROC, MAS, and FCA.
  • Facilitates deposits and tax withdrawals whose foreign-related fees are consistently better than average.
  • For new traders, they use a basic account that guarantees stop loss (GSLO) and for active high-volume traders at even more attractive rates.
  • They have an educational program with courses on basic, intermediate, specialized, and premium content.
  • Authorized by the regulator: FCA.

Some benefits of the brokers mentioned:

  • Clients keep their funds, which the broker cannot use to cover their expenses, in segregated accounts.
  • All the brokers mentioned were authorized by the major financial regulators.
  • The Brokers may not interfere with or negotiate with their clients.
  • Brokers should ensure that all customer complaints are dealt with. best with a pro-professional attitude.
  • Some Brokers must report periodically to provide ongoing monitoring of illegal financial activities.
  • All brokers hold operating capital as an obligation to ensure their ability to manage their clients’ positions.

Sometimes finding a forex broker to invest in is not an easy task as most sources are unbiased.ย 

The choice of the aforementioned brokers: For reasons of sustainability, customer satisfaction awards, low rates, and ease of use.

The best way to trade forex

There are two ways to invest with our AI in forex:

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

automated trading with ai bot

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 โœ…

  • Setup in 3 minutes.
  • Totally hands-off, from anywhere.
  • Invest from just $1.
  • APY of 40% over the past 13 years*.
  • Lightning-fast execution & no slippage.
  • No commissions, no management fees.
  • Portfolio with 40 different automatic strategies.
  • No MT4/MT5 or other platforms required.
  • Test with a risk-free practice account.
  • Trading results directly on our dashboard.

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 more prominent 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).

We center around the arrival of 40% of APY and not simply on Win Rate.

It is basic to see that forex brokers may charge spreads, commissions, and overnight expenses in your trading account, and these elements can influence the AI trading execution. You can check our forex trading track record to see more about AI trading by clicking here.

How much do I need to trade forex with AI?

You can begin in forex trading with free AI forex signals or automated AI trading and start investing from only $1 in the forex brokers. It is likewise conceivable to test utilizing a risk-free practice account with our AI trading system. In any case, to do proficient risk management, we recommend you start investing from at least $100. Notice that some forex brokers require different initial deposits to trade.

What is the trading strategy of our AI?

Our AI strategy is a mix of various AI trading system, with more than 100 features, that characterize 40 distinct strategies which at the same time consider: Quotes of the 28 forex pairs, Supports, and Resistances in various time periods, Trends and Counter-patterns, Cross-markers, Index of each pair, Economic Calendar, Investors Sentiment.

Our AI examines those fundamental, technical, and sentiment factors that influence forex trading, and all models are assessed continuously utilizing various loads. In the wake of finishing the investigation, the decision of the signal emanation technique is made considering the improved probability of momentary benefit and the sum accessible for speculation.

Usingย technical analysis, our calculation considers not just the examples of different patterns, including backing and obstruction levels and cross-pointers, yet our AI is likewise ready to make its own ongoing record for every money pair, that is utilized to distinguish what is the best course and target.

Comparable to fundamental analysisย in forex, the AI makes a connection inside the financial schedule to discover news information that can influence explicit cash sets.

What is the best forex broker for my country?

As long as not all Forex brokers accept accounts from all countries, you need to check availability to open a Forex trading account directly with the broker. We have been working to identify the best foreign exchange brokers for each country, as you can see below:

The best forex brokers in Nigeria.

Best US Forex Brokers.

Get to know Australia’s best Forex Brokers.

Did not find a licensed forex broker in your country? Remember that forex trading is not regulated in all jurisdictions, but most countries allow their citizens to open an fx trading account with foreign brokers. For example, this is the case for forex in Nigeria ๐Ÿ‡ณ๐Ÿ‡ฌ and Brasil ๐Ÿ‡ง๐Ÿ‡ท.

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. ๐Ÿ˜‰

Takeaways ๐ŸŽ“

  • Due to a wide variety of existing Forex brokers, starting to trade Forex has become increasingly affordable.
  • The best forex brokers in 2020 are FXCM, Oanda, XTB, Pepperstone, and IG.
  • Wiseinvest provides the best AI trading solutions for forex. You can trade automated from just $1 in the forex brokers FXCM and Oanda 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.

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.ย Oanda warns that 76.8% of retail forex traders lose money trading CFDs.ย 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.