What will be the Top Forex Broker in 2018 in India and the Rest of The World?

Are you interested in Forex trading to make some quick profits? If so, let us remind you that choosing the best Forex broker to get started with, is essential. Although a Forex trader is assumed to have some previous knowledge and experience of the industry, still a good Forex broker can make a difference. It becomes even more crucial if you are inexperienced. 

There are various factors that you need to look before you can actually come up with a decision as what broker you should go for. However, this can be a hectic task to do. Today, we have enlisted top Forex brokers of Developing countries, including India, so you can join them with full confidence and make your way earning profits.

India Chooses World’s Top Forex Broker of in 2018

It’s also a fact, that many Indian Stock and Forex traders start working with Top FX Brokers – world leaders of Forex Industry in 2018. This fact shows that many well-known brands perform really well in conquering the market of Indian Forex players. Top Forex companies, such as XM.com are fighting for the Market and it seems that they are reaching some success.

We’ve collected a list of trusted brands that have a chance to become Indian and World’s Leaders of Forex trading industry. Please note that the list is compiled after screening below mentioned Forex brokers through a rigorous selection criteria. 

Should XM be Ranked as the Best FX Broker for 2018

XM is one of the best Forex brokers around the world and especially – India offering its clients to trade multiple trading assets including Forex, metals, stocks, induces, cryptocurrencies, commodities, and CFDs. The broker was founded in 2009 and is headquartered in Belize. The broker is fully authorized and regulated by Financial Conduct Authority in the UK and from Cyprus Securities and Exchange Commission in Cyprus. The broker is well-known for offering world’s most reputable trading platforms such Mt4 multi-terminal and MT5. The broker also offers a wide range of deposit and withdrawal options to its customers along with excellent customer support round the clock. Other important features of the brokers include low spreads starting from 0.0 pips and high leverages of up to 1:888. The broker also offers a bonus reward up to $500 to its clients.

FXTM – The Second Top Rated Broker for 2018

FXTM is also another award-winning Asian and Indian broker that offers its clients to trade more than 250 tradeable instruments. The broker was established in 2009 and is recently relocated to Cyprus. The broker has multiple regulations from different regulatory bodies across the globe including IFSC and SEBI. Considering the security of clients’ funds, the broker holds its client’s investment in segregated bank accounts. The broker offers competitive spreads ranging from 0.1-1.3 pips along with generous leverages of up to 1:1000. The minimum deposit to open an account at FXTM starts from $5 only. There are various methods available for deposit and withdrawals at FXTM including Skrill, Debit card, Credit card, Fast Bank Transfers, Web money etc. The broker also offers a referral bonus to its clients for referring a customer to them. 

Plus500 Rises to the Third Position in Topbrokers.com Listing

Plus500 is an online Forex broker offering cutting edge trading services to its clients all around the world . The broker offers a wide range of tradable instruments. However, the leverage offered by the broker is cooperatively low i-e 1:300. The broker was formed in 2008. It is regulated by the world’s most reputable regulatory bodies including ASIC and FCA. Plus500 is known to be an NDD broker. The minimum balance requirement to open an account at Plus500 is just $100. The broker also offers a demo account to its clients so they can practice their trading skills without putting their real investment on a stake. The broker offers excellent multilingual customer services to its clients. Traders can deposit and withdraw funds using multiple methods available At Plus500.  

EToro: EToro is another popular name in the world of Forex trading. It is a multi-purpose trading platform that doesn’t offer only brokerage services but also acts a social trading platform enabling its clients to copy trades of other professional traders. It’s almost been a decade since the broker was formed i-e 2007.The broker is fully regulated by Financial Conduct Authority and Cyprus Securities & Exchange Commission under license number FRN 583263 and 109/10 respectively. The broker offers a great deal of security to its clients’ funds and holds all investment from clients in isolated bank accounts. The minimum deposit at EToro is $50. The broker offers its clients state of the art trading platform with an additional feature of copy trader. The customer support team at EToro is very friendly and responsive.

Avatrade: Avatrade is one of the oldest online Forex brokers offering its clients to trade in stock, Forex, indices, cryptocurrencies, metals, and CFDs. The broker was incorporated in 2006. The broker’s head office is in Ireland. It is fully authorized and regulated by Australian Securities and Investment Commission as well as Central Bank of Ireland – CBI.  The broker doesn’t limit its services to a specific region or class, it takes into accounts the needs of all stakeholders. It also offers swap free account for Muslim traders. Traders can get started with Avatrade by depositing $100 only. It offers completive spread with a leverage of 1:400. There are multiple methods available to deposit and withdraw funds at Avatrade including payment through cards, bank transfers, e-wallets, web money and other local payment methods. 

Final Words for Indian traders

In the last, we would like to suggest traders that they should focus on developing their trading skills more than looking for best Forex broker around in India. No doubt, a good Forex broker plays a vital role in the success of a trader, however, you must not forget that brokers are meant to earn profits and not to serve a social cause. They still might trick you sometime, therefore, it is pertinent for you to learn different trading tips and tricks so you can stay independent, safe and financially sound.