The forex market is riddled with scammers and cheats. Therefore, we have put together the following brokers that can be trusted. The following are broker recommendations that have been tested and now trusted.

Any broker that can be trusted must have the following properties: regulation by a trusted body; diverse, fast, and easy deposit and withdrawal options; simple, user-friendly, and comprehensive trading platform(s); low trading fees; seamless execution; and good customer support.

The following brokers are our top three broker recommendations, that have been tested and found to possess the above qualities:

  • FBS
  • NPBFX
  • FXTM

First Recommendation

FBS logo

FBS

FBS is an international broker with more than 190 countries of presence. 14,000,000 traders and 370,000 partners. They also record about $500,000,000 in client profit annually.

FBS was founded in 2009 and since then received numerous international awards: the Best FX IB Program,Best Forex Trading Account 2018, Best Copy Trading Application Global – 2018, Best Forex Broker Asia-2018, Best Investor Education – 2017, Best FX IB Program – China 2017, the Most Progressive Forex Broker Europe 2019, Best Forex Broker Vietnam 2019.

  • Regulation: FBS is regulated by the IFSC (International Financial Services Commission)
  • Deposit and Withdrawal: FBS supports deposits and withdrawals through various payment methods such as debit/credit cards, online wallets e.g. Skrill, Neteller, Perfect Money, and STIC pay.
  • Trading Platforms: FBS offers MT4, MT5, Web, and App trading platforms, which are easy to use.
  • Trading Fees: FBS has low fees. They feature low spread and do not charge commission except on the zero spread and ECN accounts.
  • Execution: FBS operates using lightning-fast STP technology
  • Customer Support: FBS offers good customer support 24/7 and in various languages.

In addition to these, FBS also offers fantastic promotions, which make them the first of our broker recommendations.

Second Recommendation

NPBFX Logo

NPBFX

Founded in 1996, the NPBFX company provides foreign exchange services to its clients. NPBFX has a long history of serving its clients, some of their clients began work with them in the era of telephone transactions. And continue working till now with modern technology platforms. In addition to services for private traders, the company provides liquidity to corporate clients and institutional partners.

NPBFX has won multiple industry awards including Best broker CIS 2018, Best STP broker 2017, Best execution broker 2017, among others.

  • Regulation: NPBFX Company is a member of The Financial Commission. The Financial Commission is an independent international organization whose purpose is to settle disputes between broker and trader on FOREX. The Financial Commission ensures rapid, objective and professional resolution of disputes between the parties. Compensation of up to $20,000 per client is available to all clients.
  • Deposit and Withdrawal: Clients can add and withdraw their funds through bank cards: Visa, MasterCard, Maestro; e-wallets: WebMoney, QIWI, Yandex, Skrill, Net-Teller, FasaPay and inter-bank transfer (SWIFT)as well.
  • Trading Platform: NPBFX clients can trade on the financial markets through the most advanced, powerful and reliable trading platform: MetaTrader 4 and the mobile version of MetaTrader 4 available on Android, iPhone or iPad with the economic news from Dow Jones Newswires.
  • Trading Fees: NPBFX charges low spread on their trading accounts.
  • Execution: They operate using STP technology routed through the Equinix NY4 data center in New York.
  • Customer Support: Customer service is available 24 hours a day, 5 days a week. The company`s clients can communicate with Multilanguage support at any time from 22:00 GMT Sunday to 21:00 GMT on Friday. All transactions can be passed either through trading terminals and via our phone dealing service.

NPBFX also offers multiple promotions that you can avail yourself of. You can register here. NPBFX is the second of our broker recommendations.

Third Recommendation

FXTM

FXTM logo

FXTM has over 2 million clients worldwide to become a global leader in online financial trading & investment.

Best Online Forex Trading Company Nigeria 2018, Best European Forex Affiliate Broker Programme 2019, Best Investment Broker 2019, Best Trading Experience 2019, Best Trading Conditions 2018, and Best FX Broker Asia 2018, among others.

  • Regulation: FXTM is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.
  • Deposit and Withdrawals: FXTM offers a host of deposit and withdrawal options featuring wire transfer, bank cards, bitcoin and electronic wallets such as Skrill, Neteller, Perfect Money among several others.
  • Trading Platform: FXTM offers multiple user-friendly trading platforms such as MetaTrader 4 / MetaTrader 5, Mobile and tablet apps, WebTrader
  • Trading Fees: FXTM offers competitive spreads on their accounts and only charge commissions on ECN accounts.
  • Execution: Orders are instantly executed, with cutting edge technology.
  • Customer Support: FXTM offers dedicated customer support in 18 languages. Furthermore, multilingual and friendly personal account managers are also available.

FXTM also offers a couple of promotions. And they are the third of our broker recommendations.

Explore CrackingFX

You can find out more about trading forex by reading our blog or interact with other forex traders at our forex forum. You can also read broker reviews to guide you if you need to choose a new broker. For discussions with other traders with different brokers, visit our forum page on forex brokers. If you have had an encounter with the broker, feel free to share your experience with other traders over at the broker ratings and comments page. There, you can also read reviews of other traders.

Are you a beginner looking to learn forex from scratch? Or do you need to refresh your knowledge on forex? Check out free courses and quizzes on our courses page. Visit our store for forex materials such as books and other gadgets to make your trading experience easier. You can make use of free forex tools such as pip calculator, position size calculator, etc. at our tools page.