The Forex industry is not the easiest to get around with. Numerous trends, major life events and other external factors are constantly changing the way traders approach FX.
Just like in any other financial trading industry, brokerages play a significant role in Forex. The goal of a forex brokerage is to provide investors/traders with easy access to the forex trading market and generate profit along the way. Many of them will even help you learn a bit about how to trade by providing educational content, webinars and other informational resources.Ā
There are different types of brokerages out there, big and small ones, some specializing in one financial market e.g. Crypto, Forex, CFDs, etc., but at the end of the day, they all work in a similar manner.
Finding the best FX brokers with ECS
One of the most challenging parts is finding the right Forex brokerage that suits your needs and your trading preferences. Elite CurrenSea (ECS) is a financial institution with a combined trading experience of 30 years. With a solid background and expertise in Forex, ECS scouted the most trusted brokers in the market so you did not have to come across scamming companies and enjoy an effortless trading experience. The company suggests traders choose from the top 3 leading FX brokerages. Each of them has its own unique style and approaches to trading.
Key to Markets
The list begins with one of the famous British brokerages, Key to Markets(KTM). The brokerage is famous for its Algorithmic trading capabilities. Offering more than 65 currencies to trade with the company takes the lead with its trading instruments. The company, like many others, offers PAMM account services where investors of all experience levels can maximize their profitability. PAMM accounts are especially beneficial for
who are earning money while learning important trading lessons. Individuals have the opportunity to join the PAMM account through a very easy process that is completed in a few hours. The overall procedure is largely customizable where investors have the choice of which PAMM to join and the account managers can set the flexible fee structures.
AvaTrade
The second on the list is AvaTrade. Founded in 2006, AvaTrade is regulated on all the continents making it the safest broker (low-risk) for trading CFDs and forex. The company is famous for its innovative approaches to trading. AvaTradeGO is a prime example of how the company prioritizes imaginative solutions. AvaTradeGO is an application that can be installed on both android and ios mobile devices, that enables traders to complete their orders from anywhere.
AvaTrade takes pride in the transparency of its work. Do not expect to have any hidden fees when working with this brokerage. Having a minimum deposit of $100 AvaTrade is undoubtedly one of the best choices for both experienced and novice traders.
XM
Probably the most popular brokerage on our list, XM is one of the best Forex brokerages on the market. Since 2009, having more than 600 professionals working under the company, with all of the experience combined XM supports more than 30 languages which makes it the best choice for any level of traders all over the world. The international approach that the company took made it have the best customer support offering help 24/7 with a personalized approach to all of your problems or inquiries.
The process of opening an account with XM is really easy, taking only 2 minutes. The company makes sure you have all the right information and resources to tackle this competitive and complicated industry.