FxExplained Forex Awards 2019
It is Awards time! Below we reveal the Forex Brokers that we at FX Explained have deemed to standout in various categories, including; Best Platform, Best Mobile Trading, Best for Cryptocurrency, Best New Broker, Best Broker for New Traders and of course the much-coveted Best Overall Broker.
It has been an extremely difficult process to narrow down a wide and impressive field of candidates in each category, but through our vigorous testing we have come to the following decisions.
The Brokers that have come top in each category have also stood out across the various categories, but have also excelled in their particular areas. A big congratulations to all of the winning Forex Brokers!
So, let’s reveal the results.
Best Overall FX Broker: OctaFX
Superior technology means OctaFX is able to offer their customers very tight dealing spreads and quick execution times. There is less slippage on orders and no re-quotes.
These key features, alongside the numerous interesting promotions and contests the broker offers, makes OctaFX an attractive package for retail traders, especially those that wish to trade actively.
OctaFX also offers a very modern dealing network and state of the art connectivity to the markets. Leverage ratios of up to 500:1 are on offer and this ratio applies even to micro lots, whilst Demo accounts are also available.
Traders that are looking to employ strategies like scalping, hedging and news trading will not be disappointed in OctaFX.
It is for these reasons that we place OctaFX as Best Overall FX Broker 2019!
Best Trading Platform: Markets.com
Markets.com is seen as the go-to trading platform for a proprietary web trader. Alongside being a remarkably powerful charting and analysis provider with their web version, the platform is also available in mobile versions, for Android- as well as iOS-based devices.
Scores of technical indicators are included in the Markets.com platform and there is a unique feature called a trading cube too. Real-time news feeds are also delivered for those keen on trading the fundamentals in combination with technical analysis.
For these reasons we place Markets.com as Best Trading Platform 2019.
66% of retail CFD accounts lose money.
Best Mobile Trading Broker: eToro
eToro wins best mobile trading app because of its social component (copy trading) combined with great functionality and ease of use. The eToro Mobile Trading app has been installed by more than 1 million users, making it one of the most successful mobile trading solutions ever.
In addition to trading, it gives traders exposure to its social component that allows traders to “copy” their peers, as well as make their trades available for copying. The app supports real money trading as well as a virtual portfolio.
For 2019, the eToro Mobile Trading app is our winner is this category.
66% of retail CFD accounts lose money.
Best Cryptocurrency Broker: eToro
Alongside all the great features we describe above for best mobile trading app, eToro offers real cryptocurrency trading as well as CFDs. This means you can actually purchase cryptocurrencies, the actual asset through eToro. It also allows for cryptocurrency Copy Trading.
For these reasons eToro also wins as Best Cryptocurrency Broker 2019
Best New Broker: everFX
everFX has an excellent regulatory background, which allows for solid trading conditions on a superb platform. everFX also offer access to Autochartist, free education and in 2018 was the “Fastest Growing CFD broker in the EU”. Spreads and commissions depend on the type of account for which traders sign up, but there are no hidden fees. In addition, customer support offers multiple ways to reach them.
For their free education provision and customer support, everFX is our 2019 Best New Broker.
Best Broker for New Traders: easyMarkets
easyMarkets offers over 300 trading instruments, a deal cancellation feature and fixed spreads. Moreover, easyMarkets provides educational material through their learning centers, with educational material including; videos, glossaries, eBooks and training articles, to cater for every level of trading experience. Furthermore, an economic calendar, daily market commentary, technical charts and various trading tools round out the company’s educational and market analysis offerings.
easyMarkets educational prowess makes them our Best Broker for New Traders in 2019.
So that brings us to the end of the FX Explained Forex Brokers Awards 2019. Once again a big congratulations to all of the winning Forex Brokers!