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 consumers: ensuring stability and healthy competition, subjecting Forex brokers to rules and requirements.

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.

Take a look at the Brokers we suggest

FXCM

Highly safe, Fxcm is a UK-based broker offering forex and CFDs. Fxcm.com 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 $ 50.
  • 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.

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.

 

XTB

It is a global forex broker with warehouses worldwide.

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 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 main 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 broker to invest in is not an easy task as most sources are unbiased. 

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

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

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 and you can monitor the AI trading performance directly on our dashboard.

2. Manually with AI forex signals.

Wiseinvest also provides AI forex signals that perfectly fit into MT4, MT5 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, in order to match the performance of the signal as close as possible.

Each AI 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)

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 or change the leverage in your forex broker account. Learn more about leverage in forex trading clicking here.

 

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. The forex broker Fxcm warns that 69.66% 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.