My Top Forex Brokers (Highly Reputable Highly Efficient)

With so many brokers in the Forex market today new traders often find it hard to know which to choose. The trading conditions offered by brokers also go a long way to affect the success of a trading system. Some brokers place limitations on the number of pending orders others place minimum stop loss distance, others offer competitive spreads.

This article aims to enlighten you on my best brokers with whom I have live accounts (Note: I am affiliated with them).

Global Prime

This is arguably one of the most reputable brokers in terms of transparency and service. All around the globe they have one of the least complaints and negative reviews. The trade Forex, Commodities, Futures and Derivatives.

Find below their Forex Peace Army review. 

A rating above 4.0 is an exceptional result given the fact that Forex Peace Army is one of the most brutal( harsh but quite honest too) review sites there is of brokers.

Pros

They have one of the most competitive trading conditions in the industry. Their spreads are as low as 0.2 for EURUSD sometimes and they have no minimum limits for take profits and stop losses. In fact you are going to get all the trading conditions of an ECN account (an account that links traders directly without brokers intervention) on their standard account. I am yet to see anybody complain about price manipulation with them. You are sure going to get what you trade with this broker

Cons

• ·    They charge brokers commissions. I don’t see this as a con though because they are there for business but some clients prefer spread instead.
• ·     Their highest leverage is 1:200 if you are looking to trade on higher leverage they may not be the first choice for you.
• ·    Their minimum deposit is $500. This may be too high for some people looking to start with smaller accounts.
• ·         Website is not as developed as other brokers

 OPEN A GLOBAL PRIME TRADING ACCOUNT HERE

Tick Mill

I suggest you run a demo account on with these guys to have an idea how cool their platform is. Their spreads are tight, no restrictions on minimum stops and take profits etc.  Find below a review on Forex Peace Army.

You may be thinking that a 3.7 is low for a top broker but you can compare with others brokers there they average 2.8 thereabouts.

Find below a screen shots of the account types as posted on the site.

Pros

• They have account types for all kinds of traders, classic for those  who prefer spreads, pro for those who prefer commissions, Islamic account for those who don’t want interest(debit and credits).
• Trading conditions are good for scalping on pro and VIP accounts
• They have several withdrawal and deposit options
• They have leverage of up to 1:1000 ( Highly discouraged if you are not a scalper)
• Minimum deposit is $25
• Currently have a $30 bonus on deposit (as of oct 2017)
• They assert to have the best trading conditions in the market.
• 
  

Cons

• ·         Their customer service is not that great
• ·         Account approval might be slower than you might like

OPEN TICK MILL CLASSIC ACCOUNT HERE

OPEN TICK MILL PRO ACCOUNT HERE

Forex4you

This account is my favourite when it comes to micro accounts  they have two types of flavours for micro accounts whose trading conditions are great fixed spread accounts. They also have a unique service where traders can copy successful trades  and pay commission per lot but the commission is a meager sum when compared to the cost of paying for a signal service or virtual private server to trade. As far as I am concerned this is the best banner as for micro accounts.

Pros

• They offer spread and commission flavours for all their account versions so you always have something to choose from.
• Limit levels are within a spread or 2 pips
• You can test out your strategy on micro accounts before using big accounts results will be identical provided you chose the same commission or spread account type
• The lots sizes are small up to  0.01 lots this allow for more flexibility if your system opens several trades
• You can copy trades practically for free with their Forex4you service
• As at October 2017 they are running a 25% bonus on deposit program. You will have to select it when making the deposit to get it. see image

Cons

• Their customer service is not that great
• Account validation is not that fast

• OPEN CENT ACCOUNT WITH FOREX4YOU
• OPEN CLASSIC ACCOUNT WITH FOREX4YOU
• OPEN PRO ACCOUNT WITH FOREX4YOU
• OPEN SHARE4YOU ACCOUNT

 Conclusion

There is no excuse for not being financially independent in this age. With as little of 50$ you can earn up to $500 in a year and $10000. in 3 years. See app for calculating compound interest here. All you need are good brokers, a good strategy and sound money management systems. You have been provided with a list of good brokers you have the money all you need is good risk management and a strategy. For strategies, and Mutual fund like resources check out

Good safe pamm accounts that will bring you at lease 2% monthly
Some recommended good Forex Signals and EAs

Do well to make good use of your money and ride to financial freedom. Thanks

Alpari UPDATE: 9 SEPT 2018_-THIS BROKER HAVE BEEN STRUCK OFF THIS LIST. I WILL NOT REVEAL WHY TO COVER THEIR SHAME. HOWEVER, BE REST ASSURED WHEN SOME PEOPLE FAIL, THEY FAIL BIG TIME.

Alpari is one of the oldest and reputable brokers and according to Wikipedia were the first to start offering PAMM accounts (a kind of mutual fund for Forex). They have great services, large number of active traders. They are old experienced and have a global outreach.  They are placed  third list on this because of the variety of services they offer especially their exceptional PAMM service see details here.

Find below their Forex peace army review. They are not well rated but I have and am still trading with them and they are not as bad as the rating. They just have more customers which usually translates to more dissatisfied customers.

Pros

• Good trading conditions
• Offer rebates (Cash Back Services upon active trading)
• Offer micro accounts and ECN accounts
• They offer 44 instruments including exotic pairs 

Cons

•  Alpari has a limit on the number of 25 orders on the micro account. If your strategy involves place stop and limit others you will have problem with their account. Their standard account has a more than 300 orders though
• Customer service is average
• At the time of writing they also have a maximum of 1 micro account (Higher number is subject to approval)
• The charge on deposit and withdrawal
• At the time of writing they have a limitation of maximum of one nano(micro/cent) account only.

OPEN ACCOUNT WITH ALPARI