Below is a short list of the best forex brokers in the market along with my personal review of them. This is not to suggest the best forex broker in my point of view, should be the best for you too. Instead, some of the top brokers are reviewed here in order to shed some light on what makes a broker better and also to guide you in the right direction in selecting the best forex broker that matches all of your requirements.
4. AvaFX
| Company | Ava FX |
|---|---|
| On-line since | 2006 |
| Country | British Virgin Islands |
| Payment options | WebMoney, PayPal, Moneybookers, Western Union, e-gold, credit cards and bank wire |
| Minimum account size | $100 |
| Minimum position size | 0.1 lot |
| Leverage | 1:200 |
| Spread | 3 pips on EUR/USD |
| Regulation | Regulated by Irish Financial Regulator. |
Click here to open an account with Ava FX
AvaFX is a reputed forex broker that has many advantages. Service features of this forex broker include:
- Variety of billing options including PayPal
- Meta Trader Platform
- Automated trading strategies
- Award winning unique platform for those who don’t use MT4
- CFD, Metals and Oil trading in addition to forex instruments
Broker Rating: 
3. Etoro
| Company | eToro Inc. |
|---|---|
| On-line since | 2007 |
| Country | Cyprus |
| Payment options | Moneybookers, WebMoney, bank wire, credit cards, PayPal and Neteller |
| Minimum account size | $50 |
| Minimum position size | 0.01 lot |
| Leverage | 1:100, 1:200 and 1:400 |
| Spread | 2 pips on EUR/USD |
| Regulation | Registered member of NFA (ID: 0382918). |
Click here to open an account with eToro
Etoro is one of the most innovative forex brokers in the market. Its newbie-friendly platform is exclusive and helps traders make the right decisions from day 1. The latest addition to its service arsenal is the CopyBook trading which literally allows traders to copy other successful traders automatically. Etoro’s service highlights include;
- Newbie friendly platform
- Web-based trading platform
- Excellent customer support
- Various funding options including PayPal
- Muslim friendly accounts available on request
- Excellent FREE forex course for live account traders
- Attractive deposit bonuses
Broker Rating:
2. Plus500
| Company | Plus500UK Ltd |
|---|---|
| On-line since | 2009 |
| Country | United Kingdom |
| Payment options | Credit cards, PayPal and wire transfer |
| Minimum account size | $50 |
| Minimum position size | 0.1 lot |
| Leverage | up to 1:200 |
| Spread | 2 pips on EUR/USD |
| Regulation | Registered by FSA of UK (ID #509909). |
Click here to open an account with Plus500
Plus500 is one of the most undervalued brokers in my opinion. Except for not supporting Meta Trader 4 as a trading platform, Plus500 is an excellent forex broker whether you want to trade forex, CFD, commodities or index trading. Please be advised that this broker may require document proof of your identity before you can withdraw your profits. This procedure is in fact a measure of protecting its clientele, so its another reason to be confident about Plus500 as a brokerage firm. Residents of Russia, Ukraine and some other post-soviet union countries are not allowed to open accounts at Plus500.
- Some of the service features are:
- FREE $20 on account opening
- CFD, commodities and index trading in addition to forex
- PayPal supported broker
Broker Rating:
1. TradingPoint
| Company | Trading Point of Financial Instruments Ltd. |
|---|---|
| On-line since | 2009 |
| Country | Cyprus |
| Payment options | PayPal, wire transfer, credit cards, Neteller, Liberty Reserve and Moneybookers |
| Minimum account size | $0.02 |
| Minimum position size | 0.0001 lot |
| Leverage | from 1:1 to 1:500 |
| Spread | 1.9 pip on EUR/USD |
| Regulation | Regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 120/10. Authorised by FSA of UK (reg. #538324). |
Click here to open an account with Trading Point
Trading Point is the most sort after forex broker that I have worked with so far. No requotes with transparent trading conditions to compliment excellent customer support. This forex broker also has numerous funding and withdrawal options including PayPal. Minimum account size for real accounts is very low so that you can actually trade even nano lot sizes. This means you can even try Trading Point on a live account with a nominal deposit. Also has muslim friendly accounts on request. Overall Trading Point is the best forex broker that meets majority of the feature-requirements demanded by both newbie and expert forex traders.
- Trading Point forex broker’s features include;
- Meta Trader 4 platform
- Web-based and mobile trading platforms as well
- Attractive bonuses on deposits
- Very low minimum account size
- No requotes
- Muslim friendly accounts
- PayPal and numerous other funding options
Broker Rating:
As a British born Cypriot trade living in London, I am proud to see two Cypriot-based Forex companies in the top 4 Forex Brokers.
It is also nice to see that in times of economic uncertainty, some of the best Forex companies come from place you would not expect and the companies deemed some of the best in the industry may not have the most recognisable and thought of names.
I have been working with a company in London with times to the Mediterranean and similar to the two Forex companies mentioned above they provide a fantastic service and their services have been recently recognised by the Wealth Management Awards
Christopher Georgiou´s last [type] ..Another Level – 18 Jun (HSBA, IAP, LAND, RRS)