How to choose a forex broker?

When selecting your forex broker, you should consider trading platforms and tools, the number of currency pairs offered, customer service and, of course, trading costs. But comparing costs is tricky in forex trading.

Are forex brokers regulated?

Forex brokers and the FX trading marketplace are regulated by the CFTC, or Commodity Futures Trading Commission, and the NFA, or National Futures Association. This over-the-counter marketplace takes place on multiple international exchanges. Forex traders can buy, sell, exchange and speculate on the exchange rates between scores of currency pairs.

Is IC Markets a good forex broker?

IC Markets is the largest forex broker by trading volume, with over $774 billion in forex trading volume in the third quarter of 2021 alone, according to data compiled by Finance Magnates. IC Markets is also well-known as an excellent option for algorithmic traders due to its great pricing and execution.

Is IG Group a good forex broker?

Founded in 1974, the IG Group has longevity on its side. This international forex broker, with offices in 16 countries, offers forex trading across mobile, tablet and browser-based web platforms. The platforms are fast with customizable indicators, charts and drawings.