Looking for some regulated forex brokers for your scalping, intraday or swing trading? There are lots and lots forex brokers out there. Finding which one that suits you best is not easy. Don’t worry. You just came to the right place. We will help you find the most suitable forex brokers for you.
In this article, we have a list of seven regulated forex brokers. We will give you a short overview of each broker to help you determine whether a certain broker is suitable for your trading needs. Before we get to the list, we will tell you factors to consider first when choosing a broker first so you are better equipped to decide.
Choosing a Broker: Factors to Consider
When you are looking for a forex broker, you can’t just open an account on the first broker you see. Sure, you might get lucky. But that would be just too risky. What you should do instead is to take your time and put the following factors into consideration.
The number one factor to consider when choosing regulated forex brokers security. You can’t trade if the broker isn’t safe, let alone make profits. Remember that trading requires money and you are going to hand over your money to the broker. So, first and foremost, consider the security factor.
Thankfully, nowadays it is not difficult to check a forex broker’s credibility. There are plenty of regulatory agencies around the world who separate the fraudulent from the trustworthy. For example, the U.K. has FCA, Australia has ASIC, and so on. Be sure that your would-be broker is a member of renowned regulatory agencies.
2. Transaction costs
Regardless of whether you are a scalp trader, an intraday trader, or a swing trader, there will always be transaction costs as you trade. Each and every time a trader enters a trade, they will be subjected to pay either a commission or the spread. Naturally, you would want to find a forex broker who offers cheap and affordable rates.
The problem lies on the reliability. It is rare to find a reliable forex broker who offers the cheapest rates on the market. There has to be a sacrifice on the costs. So, choose a forex broker who is reliable and offers affordable rates for you.
3.Deposit and withdrawal
One of the easiest tells a forex broker is good is how it handles deposit and withdrawal. The more hassle-free the processes of both, the better the broker is. Keep in mind that a broker has no good reason to make it difficult for traders to withdraw profits. It holds funds only to facilitate trading. Nothing more. Example like EXNESS has instant withdrawals features. And a good forex broker has an average time required to process a withdrawal no more than 24 hours.
Before you hand over your money to a forex broker, make sure that the deposit and withdrawal process is both hassle-free. A broker that makes it difficult is a red flag. If anything, a broker should make the withdrawal process easy, smooth, and speedy. Don’t settle for less.
Next is the trading platform. When you are engaging in online forex trading, your trading activity will mostly be done through the trading platform of the broker. For this reason, you want a trading platform that is stable and user-friendly. User-friendliness is especially important if you are a beginner trader as you are probably not familiar yet with trading.
What kinds of features that a trading platform should provide? Easy to understand and use charting and technical tools, a free news feed, and relevant information regarding trading, among others. When you are looking for regulated forex brokers, be sure to check out their trading platforms.
Execution is really important as well. Under normal market circumstances, a good broker will fill a trader at the market price for each order. At the very least, the price should be very close at the market price or within the price’s micro-pips when a trader is clicking the “sell” or “buy” button.
Besides the price, the speed of the fill is also important. This is particularly true if you are a scalp trader. A scalp trader must win over half of their total trade to make up for the losses. And that would be very difficult if the fill is a few pips different.
There are many excellent forex brokers out there but none of them is perfect. As such, it is not a matter of “if” but “when” a problem will arise. Knowing this, you should put customer service into consideration when you look for a forex broker.
How a broker handles technical support or account issues is very crucial. Perhaps as crucial as how it handles trades. A good broker will be capable of handling issues while being helpful and kind to the traders. Never settle for a broker that has bad customer service.
Now that you know what factors should be considered in choosing a forex broker for your trading, let’s move on to the list. Below, we listed 7 regulated and safest forex brokers for scalping, intraday and swing traders.
There are several great forex brokers for scalping and swing such as TICKMILL, JUSTFOREX, HOTFOREX, FXPRIMUS, Rakuten, ICMARKETS, Pepperstone, Exness, Roboforex, FBS, OSPREY, DUKASCOPY and many more that you can consider if you want to start forex trading business. Before doing it, you should know a little bit about those forex brokers. By learning about the forex broker, you know which one of them will be the best broker who will help you. The information below shows to you about those borkers and hopefully you can decide the best one after reading it.
1. Forex Pepperstone ECN Broker Review
As a forex broker, Pepperstone is a great option for day traders regardless of whether they are scalping, intraday, or swing traders. It offers spreads on several accounts, institutional-grade conditions, and pricing, and has zero spreads for certain currency pairs which apply during certain specific market conditions. Due to these, it is a solid option for intraday traders.
• Regulations: FCA and ASIC
• Type: ECN
• Minimum deposit: USD 200
• Forex leverage: 1:500
• Platforms: MT4 (for Android, iPad/iPhone, and desktop), MT5 (desktop only), cTrader (cTrader mobile, cAlgo, and web platform)
• Other instruments: CFDs on commodities, indices, and cryptocurrency
Pepperstone is not the only broker you can use to support your forex trading. There is also offering stocks and cryptocurrency. Pepperstone which is also considered as a reputable broker. Pepperstone provides a very professional trading experience in both the trading platform, support services as well as a very flexible and very fast deposit and withdrawal service.
The company is head quartered in Melbourne, Australia and maintains offices in Dallas and Shanghai. Just like TICKMILL and ICMARKETS, PEPPERSTONE is ready to serve you with good connectivity so you can limit reboot or system failure problem. It is considered as a featured broker within 2MS.
2. IC Markets Broker Review
This is an Australian broker. It has no trading restrictions and no requotes and thus, doesn’t have any price manipulation whatsoever. If you are a day trader who wants a true ECN environment for your trade, then IC Markets will be suitable for your trading needs. IC Markets have very good review in forex peace army forex forum.
• Regulation: ASIC
• Type: STP, ECN, Market Maker
• Minimum deposit: USD 200
• Forex leverage: 1:500
• Platforms: cTrader, cTraderiPad/iPhone, cTrader Android, cTrader Web, MT WebTrader, MT4, MT5, MT Android, MT Mac, MT iPad/iPhone, cTradercAlgo
• Other instruments: CFDs on commodities, indices, cryptocurrency, stocks, bonds, and futures
If you want to get more brokers in New York, so the answer is IC Markets. It is different compared to forex Pepperstone, IC Markets forex broker is known as a featured broker within 8MS.
3. FBS FOREX
There is something interesting about this broker. FBS advertises itself as a broker that doesn’t charge swaps or commissions for certain accounts. This makes it an exciting option for day traders. Not to mention it also has no slippage promise and very tight spreads, making it all the more attractive.
FBS is an international forex broker since 2009 and have more than 190 branch offices currently including Indonesia. More than 14 million traders and 370 thousand partners have chosen FBS as their forex broker.
• Legal Documents: Domain all property rights of FBS Inc .; Registration No. 74825; Addresses at: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960
Website operated by FBS Markets Inc .; Registration No. 119717; FBS Markets Inc. is regulated by IFSC, with IFSC / 60/230 / TS / 18 license number; Address at: No.1 Orchid Garden Street, Belmopan, Belize, C.A.
• Minimum deposit: USD 5
• Forex leverage: 1:500
• Platforms: cTrader (desktop, iOS, Android), MT4 (desktop, iOS, Android, web platform), MT5 (desktop, iOS, Android, web platform)
• Other instruments: CFDs on commodities, indices, and cryptocurrency
If regulated forex brokers are what you want, then Tickmill is undoubtedly among the best option with its five industry regulations. On top of that, the company has, not just little to no slippage, but also tight spreads as well, thus making it a very solid option for day traders alike.
A. Seychelles Financial Services Authority (FSA)
Tickmill Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority.
Licence number: SD008
FSA is established under the Financial Services Authority Act 2013. The regulator’s key responsibilities include the licensing, supervision and development of non-bank financial services in Seychelles through a solid regulatory regime.
B. Financial Conduct Authority (FCA)
Tickmill UK Ltd is authorized and regulated by the UK Financial Conduct Authority.
FCA Register Number: 717270
The FCA is an independent public body given statutory powers by the Financial Services and Markets Act 2000, regulating the conduct of both retail and wholesale financial services firms in the UK. The regulator’s mission is to make financial markets work well with the aim to protect consumers, enhance market integrity and promote competition.
C. Cyprus Securities and Exchange Commission (CySEC)
Tickmill Europe Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission as a CIF limited company.
Licence number: 278/15
CySEC is the financial regulator of the Republic of Cyprus, established according to section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001. The purpose of CySEC is to safeguard investor protection and facilitate the sound development of the securities market through the exercise of efficient supervision.
• Advantage trading with tickmill :
0.0 SPREADS FROM
80+ TRADING INSTRUMENTS
REGULATED BY THE FSA OF SEYCHELLES AND FCA OF UNITED KINGDOM
• Minimum deposit: USD 100 for all account types
• Forex leverage: 1:500
• Platforms: MT4, MT5, (web platform), cTrader
• Other instruments: CFDs on shares, indices, futures, energies, metals, also spread betting
Tickmill UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA) and is required to segregate retail client funds from the company’s own funds.
As a member of the Financial Services Compensation Scheme (FSCS) in the UK, all clients of Tickmill UK Ltd are covered in the event of default by Tickmill UK Ltd. Clients are covered up to the value of £50,000.00.
Tickmill Ltd Seychelles is regulated as a Securities Dealer by the Financial Services Authority (FSA) of Seychelles. As such, our internal systems are in compliance with the FSA regulations, which means that your funds are held in segregated accounts to protect your assets.
5. JUSTFOREX ECN Broker Review
JustForex was founded in 2012 as a brand of IPCTrade Inc. Just forex is ECN / STP forex broker. So very good for scalping and intraday trading.
For UK forex traders, you can ask a help from Justforex. The server of this reputable forex broker is located in London. What they offer to the forex traders is good connectivity. Justforex is a good choice if you want to find featured broker within 3MS.
The company stood along with the most popular Forex brokers just in a couple of years due to the high quality of its services, the stability of work and trading conditions based on the traders preferences.
JustForex offers a great choice of the most popular payment methods, wide list of available financial instruments, tight spreads, completely no limits on the trading strategies, beneficial partner programs so we can get extra money.
Justforex is a retail Forex broker that provides offers great trading conditions on accounts such as Cent, Mini, Standard, ECN Zero, a wide choice of trading instruments, a laverage up to 1:3000, tight spreads, market news and economic calendar.
JF GLobal Limited, Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St.Vincent and the Grenadines, registration number 23993, registered by the Financial Service Authority (FSA).
Justforex have many types forex account. See detail below for your preferences.
6. HOTFOREX Broker Review
Do you find difficulties starting to join financial business like trading forex? When you decide to begin trading or scalping forex, you need to know what forex is and how to choose a company broker that provides facilities in trading/ scalping forex. Hotforex is one of forex broker that serves both retail and institutional clients. Most traders worldwide choose this broker because they get what really they need includes expert advisors. Besides that, this broker offers eight types account and all retail, affiliates and white label can access to interbank spread and liquidity.
All Trading Strategy Of Hotforex
The first thing is we have to completing our hotforex account verification by upload scan id or passport and utility bill to hotforex support department as usually. Then if you have an account in this broker you access your account completely and you will get some benefits such as submitting document online, checking account balance, transferring fund between accounts, monitoring trade history and trades in real time, getting advice from expert advisor, using trading tools and you can access your last transaction as your reference.
The first strategy is information from trading central; technical analysis report. This report presents information about financial research and asset in multiple languages. This information is really useful for both traders and scalpers to know what happened in the financial market in reality. The second strategy is traders’ board that provides information of currency changes. This board is updated every 60 second, it helps clients to observe the market currency and take it as consideration before making a financial decision. The third strategy is economic calendar; it provides information about real time economic situation for today, yesterday, tomorrow, this week and next week. The fourth strategy is HotForex VPS Hosting that serves for 24/5 a week. This service is available for both new and client with $5000 deposit to maintain it for a month. Then, this hosting gives a powerful and protected connection for client. Other advantages for clients are facility to trade other assets (gold, silver, indices, oil, forex, commodities and single stock), act will all expert advisors, free with any single deposit over $5000, facility execute trades 24/5 a week, easily reached from anywhere in the world, security with password accessibility, 20000 MB disk space, CPU up to 2200 MHz, 512MB RAM, Bandwidth unlimited, standard Forex VPS $30 per month, advance VPS $55 per month. The fifth strategy is trading calculator that helps clients to calculate financial deposit and give information about what you can do with your assets. In addition, this calculator informs client about where is their financial position, it is useful for them because they can execute market after they know the real financial position. The sixth strategy is one click trading; this facility helps you to execute by clicking a button. The seventh strategy is auto withdraw; clients can transfer fund from account to the my wallet. Those are facilities that hotforex offers for its clients.
There are eight types account; Micro account, Premium Acount, Zero account, Currenex account, VIP account, Fix account, Auto account and HF social account. Micro account has high laverage which is up to 1:1000. Each account has different laverage and there is not 1:500 laverage. The last, there are some bonuses that this broker offers such as forex rebate up to USD2 per lot directly to your account with minimum deposit $250. This bonus is 100% supercharged, other bonuses are increasing laverage. Those are hotforex broker facilities that you need to consider if you want to join this broker. Becoming a client or having an account at this broker is not difficult, you just need to apply and choose what account type that you need. There are eight accounts type with its features and you can choose one of it.
Neteller can be one of the best option for instant deposit and withdrawal.
HotForex is a MetaTrader-only broker offering market-maker execution across a perplexing variety of six different account types. Despite a moderately enhanced MetaTrader offering, HotForex provides a many selection of tradeable products compared to leading multi-asset brokers.
Founded in 2010, HotForex regulated in one tier-1 jurisdictions and three tier-2 jurisdictions, making it a safe broker (average-risk) for forex and CFDs trading.
HotForex is a MetaTrader broker that offers the full MetaTrader suite with an optional tools package for customers called Premium Trader Tools to enhance the default experience. Customers have access to just over 100 securities, and limitations apply; for example, crypto CFDs are not tradeable on weekends.
With six different account type options, pricing at HotForex varies greatly by account types. At best, HotForex’s pricing is more better than the industry standard.
Lastly, if we want to get some extra cash from hotforex affiliate partners, we can join and promote our affiliate links to by joining as hotforex rebate promotion or if you have some great forex strategy test your best trading skill in hotforex demo contest.
7. Exness Broker Review
Perfect For Scalping Traders
Do you have interest to join forex broker for scalping forex? If you are interested in this field, you have to know first which broker that you choose to get a good service. Exness as best forex broker for scalping with 1:2000 laverage and candlestick basic patterns is a broker that give its trader all facilities to get profit in scalping forex; with 1:2000 laverage, exness provides trader to have much borrowed money in forex and with candlestick basic pattern, traders can access market instantly to get the actual information about what is happening in the market and it also helps you get a lot of pips.
Exness is a forex broker that has been founded in 2008. Exness gives full facilities for traders in scalping forex who have account in its company. It has a deep comprehension in scalping forex and it supports traders to get what they need. All members of exness will realize their potentials in this business field because they get it from exness.
WHAT TRADERS REALLY NEED IN THIS FIELD?
The first is the rule that gives traders profit. There are various instruments in trading, fixed spread, there is no commission for company when traders collect their profit and save it. The second is reliability; the company give surety to all traders that their infestations and profit are safe. The third is service based global standard; it makes traders comfortable when executing because they just need one to two second to do it. The fourth is transparency, the company shares information all about how it works.
The fifth is quality, company always considers all what traders want to get. The sixth is accessibility; since there is no commission for trading, everyone can access all services that company provides. All those facilities that exness provides are for traders’ pleasure and if you are interested in scalping forex, you can consider this company.
Other supports for clients that exness provides are an officially websites that can be accesed in 22 languages and the supports in 13 languages include 24/5 for 10 languages and 24/7 for three languages (Russian, English and Mandarin). It means that not only in one or two countries clients of exness. The second is laverage up to 1:2000. This facility helps clients to manage trading strategy and ease them to deal with margin. 1:2000 margin is available for some accounts; cent account and mini account.
There are four kinds of account that you can choose. The first is cent account; choosing this account you have deposit minimum $1 convert to cent, lot from 0,01=$0,1 cent/pip, 1:2000 laverage, spread from 0,7 pips, supporting automatic depositing and withdrawal of money such as NETELLER, skrill, moneybrokers, Web Money, Perfect Money and RBK money. The second is Mini account, this kind account has similar specification with cent account except for deposit minimum which is $10 and laverage up to 1:2000. The third is classic account; the specification is deposit minimum $2000, laverage up to 1:2000, lot from 0,1=$1/pip, spread from 0,3 pips and supporting Automatic depositing and withdrawal like other accounts above. The last is ECN account; deposit minimum for this account is $300, laverage up to 1:100, lot from 0,1=$1/pip, spread from 0,1 pips and supporting automatic depositing and withdrawal.
The EXNESS is already an established broker as it already won a global award. It offers amazing account types with security and safety of funds. The broker also recognized as among the best in the forex industry in terms of trading execution. This is expected, considering how the broker tries to keep up with the latest technologies.
Nymstar Limited is a Securities Dealer registered in Seychelles with registration number 8423606-1 and authorised by the Financial Services Authority (FSA) with licence number SD025. The registered office of Nymstar Limited is at F20, 1st floor, Eden Plaza, Eden Island, Seychelles. Nymstar Limited is duly authorised to operate under the Exness brand and trademarks.
The Easiest Deposits & Withdrawals In The Market
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• Regulations: FSA, FSCA, CySEC
• Type: ECN
• Minimum deposit: USD 5, GBP 5, EUR 5,
• Forex leverage: 1:2000
• Platforms: (iOS, Android), MT4 (desktop, web platform, Android, iOS, Mac, multi-terminal), MT5 (desktop, web platform, Android, iOS, Mac)
• Other instruments: CFDs on indices, commodities, shares, and spot metals
Try trading with exness with instant withdrawals services ? Open live forex account with exness with laverage up to 1: 2000.
This broker grew quite well in the last few years. It is not surprising. Robofrex. After all, it has among the fastest executions in the forex industry. Not only that, but it also offers more than eight asset classes as well. Today, many traders are running micro accounts for their day trading activities, enjoying the tight spreads that the broker offers
• Regulations: CySEC, IFSC
• Type: STP, ECN, Market Maker
• Minimum deposit: USD 10
• Forex leverage:1:2000
• Platforms: R Trader (web platform), cTrader (desktop, Android, iOS, web), MT4 (desktop, Android, iOS, web), MT5 (desktop, Android, iOS, web)
• Other instruments: CFDs on soft commodities, indices, stocks, metals, energies, and ETFs. RoboForex also has another instrument crypto currency as well.
Hopefully, the list of reputable forex brokers around New York, London and around the globe here helps you to get the best broker for forex trading activity so you can get significant income. Don’t forget too using NETELLER as payment option to get fastest processing for withdrawal and deposit.