The forex market is the most actively traded and largest financial market in the world. When deciding on the best forex broker, both experienced and beginner traders usually look for different key benefits and features. Among the most critical ones of these include but are not limited to the trading experience, the depth and breadth of product offerings (indexes, CFDs, currencies, spread betting, commodities, digital currencies, etc.), fees (commissions and spreads), customer support, research, trustworthiness, trading education, and trading platforms (downloadable software, web-based, charting, and 3rd platforms).
CMC Markets
Founded in 1989, CMC Markets is a publicly traded, well-established, and highly regarded forex broker that has effectively adapted to the advanced online broker landscape. The company is officially listed on LSE (London Stock Exchange) under the symbol CMCX. Like many other Forex brokers, CMC doesn’t accept U.S. traders.
CMC Markets is suitable for types of traders, from experienced traders looking for exposure to a wide range of products, to novice traders looking to get their feet wet in the online trading arenas of CFDs, Forex, and spread betting.
Saxo Capital Markets
Founded in 1992, Denmark-based Saxo Bank Group markets itself as the leading FinTech company focused on multi-asset trading and investment. It delivers banking as a service to wholesale clients. The company adapted the technological advancements in the late 90’s and launched one of the first online trading forex trading platforms. Saxo Bank has operated in the UK since 2006 under its subsidiary company called Saxo Capital Markets Ltd (SCML) and like many other brokers, it doesn’t accept US traders. Its man pros include industry’s best research, superior user interface, regulated by FCA, wide range of offerings, and improved protection client accounts.
How do you look at these forex brokers? Please feel free to share your feedback in the comments below.