Fxview Reviews Read Customer Service Reviews of fxview com

Again, for the EUR/GBP currency pair, Pepperstone offers 1.35 pips when Tradersway promotes an average spread of 2.50 pips. Among brokers regulated in the U.S., I’m choosing IG as the best forex broker in 2024. IG consistently ranks in first place or near the top of nearly every category we track, including investment options, commissions & fees, trading platforms, mobile apps, research, and education. In addition, IG holds more regulatory licenses than any other broker we review, helping to boost its trustworthiness.

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TradeWise FX claims that there is “no need to be experienced” and that it provides “80-90% probability” forex trades. These kinds of claims are dangerous and can indicate that you are dealing with a forex scam. TradeWise FX also advertises account types that guarantee minimum profits (there is no such thing as “guaranteed profits” in the forex market).

Most Trusted Forex Brokers Comparison

We really appreciate you taking the time to share your experience with us, and we agree, Marcus is truly an asset to our customer service team. As a regulated broker, we must abide by all rules set by our regulators. Please note that our offerings are based on your country of residence. Your feedback guides our business and helps us keep improving the service we provide.

Best US Forex Brokers of May 2024

Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading. Select one or more of these brokers to compare against FOREX.com. Read our full explanation and accounting of our research and testing process to learn more about how we test.

Trading platforms tested

  1. The broker’s claim that you have “zero chances of losing your investments” is vastly misleading, no matter the context.
  2. I reached out tosupport, and within 10 minutes, they fixed the issue.
  3. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs.
  4. The disclosures at the bottom of the homepage give the appearance of a regulated broker.
  5. I also love that there is transparency and the ability to see others results.

OANDA’s longstanding history dating to 1996, impeccable regulatory track record, global licenses and capital infusions from private equity groups over the years make it a safe broker to hold client funds. Furthermore, unlike most brokers that offer micro contracts (1,000 units) as the smallest trade size, OANDA allows you to trade as little as 1 unit of currency when trading forex. This makes OANDA a great option for those who want to test a trading strategy with a small deposit and not be constrained by the minimum trade size. OANDA’s trading costs are generally steep, with high effective spreads across both its default and core pricing, compared to the best brokers. While not a discount broker, OANDA’s main advantage is its automated execution across its account offering. A trusted global brand, OANDA stands out for its reputation and quality market research.

FOREX.com offers multiple execution methods and account types (FOREX.com is one of my top picks for market maker brokers), as well as transparent execution statistics. Herofx is very outstanding, I transferred money from another brokerage to Herofx and waited for hours before the funds hit my wallet. I notified customer support after a significant delay only to realized the address sent to expires 2hrs after its generated. However, customer support tracked my transaction and deposited the funds on my account in less thank 24hrs yet they promised 24-48hrs. Even during the downtime they experienced during the week, I’m certain most customers got their withdrawals approved and deposits too. Vantage Markets (or Vantage) is an award-winning multi-asset broker offering clients access to trade CFDs on Forex, Commodities, Indices, Shares, ETFs, and Bonds.

We’ve conducted extensive research and collected data on regulatory bodies across a wide range of regulatory environments, jurisidictions, and countries. Not every regulatory agency or license warrants inclusion into our Trust Score system. Trust Score is a powerful proprietary algorithm that allows traders to get an at-a-glance rating of a broker’s overall trust.

This broker advertsies “profitable plans” and a “highly profitable” investment platform along with “Investment Plans” that claim to guarantee an astronomical return on https://traderoom.info/ investment. Such extreme, unbalanced claims can indicate that you are dealing with a forex scam. Astrofxoptions lacks regulation and appears on the FCA warning list.

Being able to get in touch with your broker should be easy. IC Markets have an excellent reputation for efficient customer service with 24/7 availability. You can use email or phone to contact a customer support representative or use the live chat feature online. As an IC Markets forex trader, you have a choice of three trusted mainstream trading platforms – MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader. Depending on the platform you choose, a different selection of trading tools and CFDs will be available.

We use dedicated people and clever technology to safeguard our platform. Every aspect about this platform is untrustworthy, support closed my ticket within 1hour due to inactivity ? Disgusting withdrawal fees (If you are lucky and will leave you withdraw your founds without any problems)Typical 3rd party broker scammer business model for influencers to pact a good deal of promotion. The entire MT5 froze and i could not close any open trades. They told me they could close it for me but didnt mention that they will close it at the time requested!

Taken from our forex broker comparison tool, here’s a comparison of the must trusted forex brokers. Between 74% and 89% of retail investor accounts lose money when trading CFDs. Reputation and a history of sound trading practices are vital for a broker. Avoid unregulated forex brokers that promise unrealistic returns.

I initially sent funds to my wallet and they said it was not on the blockchain. After i got my funds and paid the money I was allowed to trade a couple times. Then one day my account was locked until I verified my info. I was not allowed to trade, transfer, deposit, withdrawal or nothing. They needed a selfie of me and they wanted a bank statement like bruh wth.

Scammers will steal photos and personal information to create fake social media accounts of high-profile traders (I’ve been impersonated dozens of times). There are many potential variations of forex scams across the world (and all over the internet), but there are a few common warning signs to look out for. Forex scams often assert that they can guarantee profits – something no reputable firm or broker would ever claim. While downplaying risk, forex scams tend to use high-pressure sales tactics (as in, FOMO on an incredible investment opportunity) to persuade you to send them money. Lots of scam forex brokers claim to have won some impressive awards.

The customer support guided me step by step and assigned me an account manager to process my request. Overall, I’m glad it’s easy for beginners trust fx broker review like me to start. Brokers that have earned Trust Score’s “Highly Trusted” rating are considered the most trustworthy firms in the industry.

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative. Simply put, we do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

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