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TOP 10 Forex Brokers 2016: Full Comparison

This table contains a list of the best online forex brokers 2015 - 2016, with the most suitable trading conditions. Based on a set of features, the rating of brokers will help you find the best conditions on the basis of spread, maximum leverage and minimum deposit. In addition this rating allows you to leave independent review.

# Broker Brokerage Conditions Trading Instruments Bonuses & Promotions Open Account
1  Alpari broker Min Deposit: $0
Max Leverage: 1-1000
Typical Spread:    Floating From 0.1 Pips
Rebates Services:yes
Social Trading (CopyForex):yes
Forex (61pairs), CFD, Indeces, Binary Options, Stocks Alpari Cashback Program,Premium Client Status 

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2 InstaForex Broker Min Deposit: $1
Max Leverage: 1-1000
Typical Spread: Floating From 0.1 Pips
Rebates Services:yes
Social Trading (CopyForex):yes
Forex (107pairs), CFD, Indeces, Binary Options, Stocks Bonus club,30% bonus,Max bonus 250%

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3 Exness Broker Min Deposit: $1
Max Leverage: 1-2000
Typical Spread: Floating From 0.1 Pips
Rebates Services:yes
Social Trading (CopyForex):yes
Forex (130pairs), CFD, Indeces, Binary Options, Stocks Exness bonus

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4 Markets.com Broker Min Deposit: $100
Max Leverage: 1-200
Typical Spread: Floating From 0.1 Pips
Rebates Services:yes
Social Trading (CopyForex):yes
Forex (57pairs), CFD, Indeces, Binary Options, Stocks Bonus 25$

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 5 Min Deposit: $1
Max Leverage: 1-1000
Typical Spread: Floating from 0 pips
Rebates Services:up to $3
Social Trading (CopyForex):yes
Forex (31pairs), CFD, Indeces, Binary Options bonuses up to 100% and 115%

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6 IronFx Broker Min Deposit: $100
Max Leverage: 1-500
Typical Spread: Floating From 0.1 Pips
Rebates Services:yes
Social Trading (CopyForex):yes
Forex (200pairs), CFD, Indeces, Binary Options, Stocks 35%bonus

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7 xm.com broker Min Deposit: $5
Max Leverage: 1-888
Typical Spread: 1,8pips
Rebates Services: no
Social Trading (CopyForex):no
Forex (50+pairs), Indeces, Commodities           Bonus up to $5000

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8 HotForex broker Min Deposit: $50
Max Leverage: 1-1000
Typical Spread: 1,4pips
Rebates Services: yes
Social Trading (CopyForex):yes
Forex,CFD, Indeces, Binary Options Trading, Stocks, Commodities 100% supercharged bonus, 100% credit bonus, 30% rescue bonus

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9 Forex4You Broker Min Deposit: $1
Max Leverage: 1-1000
Typical Spread: Floating From 0.1 Pips
Rebates Services:yes
Social Trading (CopyForex):yes
Forex (90pairs), CFD, Indeces, Binary Options, Stocks Bonus 25%

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10 FxOpen Broker Min Deposit: $1
Max Leverage: 1-1000
Typical Spread: Floating From 0.1 Pips
Rebates Services:yes
Social Trading (CopyForex):yes
Forex (64pairs), CFD, Indeces, Binary Options, Stocks Welcome bonus,  bonus 10%

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The choice of a brokerage company is very important because the trader deals with it regarding any matter and surely it is very important to refer to a trusted one, with which you may work for a long time. 

Useful Tips: How to compare and choose the Best Fx broker

Forex trading is one of the most popular ways of earning for millions of traders around the world. Of course, one of the main requirements for successful trading is to choose a broker - a good and reliable company.
If you do not know what and how to choose a forex broker, on this page you will find a few tips that will help you cope with this task. Today, hundreds of large brokers offer their services. The choice is really huge. Before we move on to our rating of forex brokers in 2016 are encouraged to investigate the general rules about how you need to select the successful broker. We propose to learn general rules about how you must compare and choose the most suitable for trading company.

To make properly choosing is not so difficult!


Five key criteria that must be considered if you want to choose a good and reliable broker for successful work in the forex market.
These key criteria will help to define broker's reliability:
•    Reliability of the broker. Working activity duration in the Fx market.
•    Availability of necessary licenses and legal documents.
•    Conditions of legal dispute settlement.
•    The possibility of risks insurance and availability of insurance guarantees.
•    Respectability (a high rating by the quantity of positive reviews).

Reliability of the broker


Even the most successful strategy and well-thought solutions will not bring the desired profit, if the brokerage company cancels orders (slippage and requotes) and could not provide quality customer support. To avoid such problems, you can thoroughly examine reviews about the company you are interested in.
To properly choose a suitable broker, you must take into account both reviews about forex broker and the presence of Reputable Forex Regulators.  In most cases the presence of licenses endeavors to provide high quality and good conditions of trading because traders can submit complaints to the regulatory authorities.  The regulatory authorities have the right to impose on the company untrustworthy various sanctions from monetary fines to revocation of licenses.

Reputable Forex Regulators by Country

United States
Commodity Futures Trading Commission CFTC
National Futures Association NFA
U.S. Securities and Exchage Commission SEC
National Association of Securities Dealers NASD
United Kingdom
Financial Services Authority FSA (UK)
Australia
Australian Securities and Investment Commission ASIC (AUS)
Japan
Financial Services Agency (FSA)
Singapore
Monetary Authority of Singapore (MAS)
Hong Kong
Hong Kong Securities Futures Commission SFC (HK)
Switzerland
Swiss Federal Banking Commission (SFBC)
Germany
Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFIN)
France
Autorite des Marches Financiers (AMF)

In considering how to compare and choose the Best Fx broker on the criteria of reliability, it's certainly worth to mention the need to take into account the presence experience of the company in the market and reviews of professional traders.

Trading conditions


In most cases, the newcomers have very limited budget and can’t afford to choose large and reliable brokerage company which holds licenses of solid regulators. Therefore, in this case we recommend you to look for the optimal compromise between attractive trading conditions and reputable broker.
Pay attention to the following parameters of trading conditions:
- The spread size on the most popular trading instruments.
- A number of payment systems for funds deposit/withdrawal.
- The range of leverage size allowing to increase trader's trading opportunities.
Before you choose a professional broker pay your attention to hidden commissions and fees. Very often brokers make the decision to establish for its customers, not only the spreads for opening positions (withdrawal of funds, provision of services and so on). This moment is crucial if you want to know how to choose the right broker and not to lose money earned in the future.
Special attention should be paid to bonuses, promotions and other means of promotion. For example, in the majority of cases upon your first deposit you can get an additional bonus from 50 to 200% of this amount. Besides important benefits is providing free analytical services and tools for trading.

Deposit/Withdrawal


Each Fx broker independently decides how to deposit and withdraw funds from their customers, as well as what size to set a limit on the daily output / input. Almost all brokers support the ability to replenish and withdraw the deposit using transfers to bank accounts and credit cards. Moreover, in practice, you can select a suitable broker for trading in Forex, which will be convenient for you to maintain a payment system (Skrill, PayPal, etc.).
Most often, such payments shall be established by a minimum fee, and the money is properly credited to the trading account within a few minutes. It should be noted that some reliable and good brokers support the auto deposit/withdrawal. Before choosing a Forex broker, you should evaluate the need of this useful service. This is quite an important feature that allows you to automatically transfer the earned money in the forex market to your e-wallet.

Trading Platform & Software


We recommend you choose a broker, which offers functional and understandable trading platform, supporting the most popular and functional terminals. Usually it is Metatrader.
Having a web-version of the trading platform and mobile application to trade can be viewed as an important advantage that motivates you to choose such a professional broker. Of course, in most cases, these kinds of trading platforms have much more modest functionality for performing a good technical analysis, as well as trading signals and other tools.

Customer Reviews


Reviews and opinions of colleagues are crucial for beginners in the forex market.  However, to approach to their evaluation should be critical. Novice traders can blame even the most reliable and good broker for their failures not themselves, because only the trader decides how to trade and how to choose a trading strategy. Quite often the foreign exchange broker bought paid advertising reviews.
Do not trust everything will be properly written. Therefore it is necessary to take into account the really useful recommendations from experienced traders.