Best Forex Brokers in 2020
If you are a trader, you might be well aware of the fact that forex is the largest financial market in the world. This has turned out to be the most attractive feature of this trading option, leading many people to choose forex over many other popular options. Since the demand has increased exponentially over the years, traders are looking for the best brokers to make the right move throughout their careers. Every trader checks several key features before selecting a particular platform. The overall trading experience, customer support, reliability, trading platforms offered, depth and breadth of the products, and trading research are some of the features you must look for in every broker. Such methodologies have been followed strictly to compile this list of the best forex brokers in 2020.
1. CMC Markets
It was founded in 1989 and is a highly regarded, publicly traded, and well-established brokering platform that allows the traders to find the best currency to buy or sell. Since it has been in the market for over three decades, its adaptability to the current scenario was always questioned. But the developers and the whole group of experts led the company in the right direction to blend in with ease. CMC is not available to be used by US traders, just like how many other forex brokers work. One of the greatest benefits of CMC Markets is that it can be used by all types of traders, regardless of their experience in the field. Anything from CFD to spread betting can be accomplished here but only with proper guidance. It is important that you learn the working of the platform before you sign up for its services.
2. London Capital Group
Any novice trader trying to have the first big break in their career should start with LCG. The company was founded in 1996 and has been kept its pace with the market's growth ever since. In 2016, LCG coupled with MT4 to launch the most anticipated product called the LCG Trader. A broad range of spread betting instruments and CFDs can be accessed with the asset classes you own. The most impressive feature of LCG is its focus on customer service, almost never failing to keep the bars high. Trading and account incentives are available on this platform, and it also offers the clients better protection. Again, LCG also doesn't accept US clients, and it also has substandard site maintenance.
3. Saxo Capital
Classified as one of the leading Fintech specialists, Saxo Capital is a forex brokerage platform founded in 1992 by Denmark's Saxo Bank. They were the first to launch a successful online trading platform in the '90s. Advanced traders must surely go for this option over any others on this list. It not only offers an extensive range of services but also has an excellent user interface. However, Saxo Capital also doesn't accept US clients and fails at providing the clients with proper customer service.