How To Win Friends And Influence People , If you’re aware of the risks here and still prepared to dive in, here are NerdWallet’s top picks for the best brokers for forex trading. (Thinking you want to dive out instead? Trading stocks might be more your speed — here are the best brokers for that.)
How To Win Friends And Influence People ,One suggestion: All of these brokers offer free demo accounts so you can test the market with virtual dollars. Dip a toe in with some play money before you dive in with your own cash.Best Brokers For Forex Trading Overall . Traders seeking a large selection of instruments and asset classes across global financial markets will not be disappointed with the range of premium services Saxo Bank offers, including research, active trader pricing, and wealth management services that cater to investors’ needs. Saxo Bank was our #1 broker in multiple categories in 2019
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These brokers stand out for their educational resources and trader support.
If you’re just jumping into the forex market, you want a broker that can provide educational resources and customer support to get you started. Forex.com has broad customer support, along with a wealth of videos, webinars and guides to help you learn the basics. But even though Forex.com is listed as best for beginners, don’t think it’s not a high-calibre option for experts, too.
Best Forex Trading Platforms And Tools
TD Ameritrade offers a choice of high-quality trade platforms and advanced tools.TD Ameritrade is hard to beat with its much-loved thinkorswim trading platform, which allows users to trade not just currency, but also a range of other investment products. The platform is professional-level, with advanced technical analysis capabilities and the ability to create custom forex pairs, and TD Ameritrade has an equally robust mobile app, Mobile Trader. Thinkorswim also offers up $200,000 of play money for practice with its paperMoney feature. One drawback: The platform is advanced enough that new traders can easily get overwhelmed.