Forex brokers are synonymous with the volatility of the foreign exchange market and its intricacies, thus some of the brokers are naturally sought after more than others. Some factors that play a role in deciding the selection process include an extensive exchange volume of the brokers’ client base, availability of instant services to the brokers’ clients, a reputation and its customer service, a high level of service and great customer support.
Different factors play a significant role in choosing the best forex brokers. Listed below are some of the best forex brokers which you can look out for in the upcoming years.
The Western Union Group, based out of the United States, is the second largest forex broker in the world. With a strong user base of more than half a billion consumers, the Western Union Group has a number of active broker branches, according to their web site.
Western Union has earned the respect of its customers as well as other brokerages due to its client-friendly services and knowledgeable customer service. Western Union prides itself as being an industry leader and offers a completely new kind of forex trading. With the use of technology, Western Union is taking the forex trading market to new heights.
Cboe Global Markets
The Cboe Global Markets, founded in 1972, is one of the largest and fastest growing exchanges in the world. The Cboe offers its brokerage services through a number of strong brands, such as: Plus500, Safex, Binance, XBT Provider, and more.
Cboe has an extensive customer base in more than 90 countries and more than half a billion active brokerage accounts. The Cboe is considered the leading forex brokers by many prominent finance publications. Veracity markets registration is always open as it is one of the best forex broker for beginners.
OANDA, founded in 1990, is an international exchange company, offering the most cutting-edge forex tools, such as its competitive and adaptive data feeds. It has multiple branches in different countries.
It currently has a global total of more than 1,500 transactions per second, with a total of 750,000 transactions daily, according to their website. OANDA has partnered with leading exchanges and is currently available to service customers in over 90 countries.
CME Group, founded in 1973, is a leading operator of financial futures exchanges, offering a wide range of products and services, including: listed, segregated, and over-the-counter (OTC) futures, options, equities, equities and indexes.
CME Group has more than 1.2 million financial market users, which consists of broker dealers, commodity trading advisors, market makers, institutions, as well as pension funds and endowments. CME Group is currently the world’s largest futures exchange, with $1.7 trillion in total trading volume every day.
NEX Group is a leading operator of electronic markets that include the main UK and European stock exchanges and most markets in the world. The NEX Group offers two types of products, namely electronic trading solutions, and execution services and solutions.
NEX Group has a number of well-known financial services companies as its customers, including asset managers, banks, brokers, and traders, in addition to many national authorities.
Above are the five companies that have shown to have superior trading records over the years. Therefore, if you have decided to make a move into the forex market then it would be a good idea to buy a stock from any one of these firms as this will give you a large advantage over other competitors.