Entering the world of forex can be an intimidating experience. Everyone wants to make money, but not every individual can do it alone. Luckily for young and veteran investors alike, there is plenty of help available through online brokers. For nearly two decades, firms have dedicated their time and efforts to helping you succeed as an investor. Here is a look at some of the best online forex brokers today:
FOREX.com (Minimum Deposit: $250)
Forex.com is a top choice for Americans. This U.S. Forex broker has been facilitating trades since 1999. Operated by GAIN Capital Group, Forex.com is a leader in the booming industry. What is so special about this site is its user-friendly set up. New traders are offered free training through webinars, tutorials, and live interaction. With Forex.com, clients’ security is the number one priority. They are a publicly traded company that is officially regulated in six other jurisdictions worldwide.
E-trade FX (Minimum Deposit: $2,000)
E-trade FX is a favorite amongst traders due to its simplicity. Sure, the minimum deposit for this broker may be larger than other sites, but that is done with a purpose. This broker is specifically engineered for advanced and frequent forex traders. In other words, E-trade FX is not the best platform for new users and traders. E-trade FX is ideal for forex power players determined to keep tabs on trends, trades, outside markets.
OptionsXpress (Minimum Deposit: None)
OptionsXpress is powered by Charles Schwab – a name that gives this platform maximum credibility in the forex world. And contrary to E-trade, this broker is perfect for young investors. Options offers live and recorded webinars for those wanting to learn more about investing. In addition to that, a newsletter and blog keep track of the latest market trends. This top of the line broker has been offering invaluable financial advice online since 2001. With a plethora of affordable options, penny options, and future contracts, Options truly gives users – options!