Is the top Forex platform something you are wondering about? Especially when Forex has been a field of attention in recent years. Because of the development of technology and global trends, foreign exchange trading is gradually becoming popular with individuals and groups in the financial world. However, that does not mean that this is a “playground” that can be easily grasped. In this article,Learn Forex Trading will help you evaluate and rank famous trading platforms today. Let’s follow along and have an overview!
Criteria to help evaluate and rank top Forex platform
First of all, let’s review some criteria used by experts to evaluate. How to know which Forex exchange is reputable and suitable?
Pay attention to legal issues
This is the first thing you should consider when trading financially. Information related to law enforcement agencies and registration licenses will ensure you have insurance, somewhat limiting the risk of fraud.
Operating licenses as well as laws will force the forex trading online platform to follow the principles. That is, those rules will almost eliminate actions that affect users, and can also protect the assets of individual customers.
Need to pay attention to the features/financial factors of the exchange
To be ranked top Forex platform, it is impossible not to pay attention to this. The ultimate goal of every trader is profit. That’s right, so based on the feature factors, investors will know whether that Broker is suitable for their abilities and strategy or not. This is no longer just a matter of user experience, but also a matter of transaction efficiency.
List of 10 reputable Forex exchanges
After considering the two necessary conditions above, Learn Forex Trading did a small survey of the trading community. The results show that below are 10 reputable Forex exchanges. Note that because each person’s experience will be different, the order of exchange names is not the ranking order. To have a deeper understanding of one or more of the above top Forex platform, you can search or click on the platform name below to see the information we have carefully compiled:
Find out general information about the top Forex exchanges today
| exchange name | Headquarters | License | Founded year |
| Exness | Seychelles | License number SD025 issued by FSA- Financial Services Authority and registration number 8423606-1 | 2008 |
| ICMarkets | Australia | License number ACN 123 289 109 | 2007 |
| XM | Cyprus | License number 120/10 TPFIL Ltd ( Ltd Trading Point of Financial Instruments) | 2009 |
| XTB | Ba Lan | PFSA (Polish Financial Management Authority) license number: A/21/2010 | 2002 |
| Tickmill | Seychelles | FSA. License number: SD008 | 2015 |
| HFM | Cyprus | License number: 22747 IBC 2015. Issued in St. Vincent & the Grenadines | 2010 |
| FBS | Belize | License number: IFSC/000102/310. IFSC (Belonging to the International Financial Services Committee) | 2009 |
| IQ Broker | Republic of Cyprus | License number: 247/14. Issued by CySEC | 2014 |
| Olymp Trade | that | VFSC. License number: 40131. Member of the FinaCom Committee (TCIQT Committee) | 2014 |
| FxPro | Cyprus | FCA. License number: 509956 | 2006 |
The top Forex platform mentioned above all have more than 2 licenses. There are even quite a few, because of the large scope of operations, each broker mentioned above is interested in having the permission of the host country’s government, helping their customers feel more secure.
See more: Top 5 best forex trading platform in UK today
Compare account types on each Forex exchange
To be able to get closer to customer needs, leading Forex exchanges always research and establish many responsive account groups. The two most basic groups are DEMO and Real Accounts (Or Live/Real). Below is a linked list of account types on the top Forex platform. At the same time, we will also provide you with margin information for each type so you can consider:
| Exchanges | Account type | Deposit fee level |
| Exness | The Standard Account group includes Cet and Standard. Raw Spread, Zero, Pro (Professional Account) | Depends on the payment method with Standard Account; a Minimum deposit of $200 with a professional account |
| ICMarkets | Standard; Raw SpreadcTrader hoặc Raw Spread; | 200$ |
| XM | Share, Low Ultra, Micro và Standard | $5 for Micro and Standard; $50 with Ultra Low and $10,000 with Share |
| FBS | Micro, Cent, Standard, Zero Spread, ECN, Crypto accounts | The deposit level is 5$ respectively; $1; $100; $500; 1000$; 1$ |
| Tickmill | Classic; Pro; VIP | Deposit levels: $100; $100; 50,000$ |
| HFM | Cent, Premium, Zero, Pro | 5$ respectively; 100$, 200$, 200$, 250$, 500$ for Provider and 100$ for Follower |
| XTB | There are only 2 types: Demo and Real | 1$ with XTB real account |
| IQ Broker | Standard and VIP accounts | Standard: 10 USD, VIP: 1900 USD |
| Olymp Trade | Avance Account or Expert. Starter is an account type for newbies. |
Deposit for Advanced: 500$, for Expert: 2000$ |
| Fx Pro | Standard, Raw+, Pro, Elite | Minimum 100$ |
Visual representation of the advantages of 10 reputable top forex platforms.
The top forex platform: Exness, ICMarkets
| Exchanges | Spread | Rose | Swap | Lever | Assets/trading tools | Transaction method |
| Exness | The lowest is 0 pips. Gradually increase according to the selected account type | No commission with Standard, Standard Cent, and Pro; $3.50/lot- pm with Raw Spread; $0.2/lot- pm with Zero | Free of charge | Unlimited | 5 types include Forex CFDs (Including many rare currency pairs), Stocks, indices, cryptocurrencies, commodities | 9 Trading methods |
| ICMarkets | Minimum fluctuation from 0 to 1 pip | Free with Standard; $3.00 flat fee with cTrader Raw Spread; 3.50 with Raw Spread | There are no fees for Islamic accounts | 1:500 | 7 asset classes including Cryptocurrencies; Futures contracts; Share; Index; Goods; Forex; Bonds | 12 types of deposits and withdrawals |
Top reputable exchanges: XM, FBS
| Exchanges | Spread | Rose | Swap | Lever | Assets/trading tools | Transaction method |
| XM | Ranging from less than 0.6 – 1 pip for each account type | Only charge flexible commissions with Share. Free in other categories | Free with Swap free account (Islamic) | The highest is 1:1000. The lowest is 1:1. Leverage depends on deposit fees. The Share account does not use leverage | 8 asset groups: Forex; Stock index; Cryptocurrency; Share; Energy; Goods; Metal; Stock CFDs; Petroleum | 9 types of withdrawal transactions, 4 withdrawal methods |
| FBS | The lowest spread is -1 pip for the ECN account, the highest is 3 fixed pips for Micro | Free commission with Standard, Cent, and Micro. Fixed $6 with ECN and $20/lot with Zero Spread. 0.05% rate for the open-close position | Unstable | Ranging from 1:5 to 1:3000 depending on the account type selected | 7 trading asset groups including Cryptocurrencies (30 types), Metals, Stocks (>100 Types), Forex (27 pairs), Forex Exotic, Energy, indices | More than 8 deposit and withdrawal methods |
Top reputable exchanges: Tickmill, HFM, XTB, IQ Broker
| Exchanges | Spread | Rose | Swap | Lever | Assets/trading tools | Transaction method |
| Tickmill | Spreads range from 0.0 to 0.53 pips | Varies by account type. Classic Tickmill account is Free. $1/lot/way with VIP. $2/lot/way with Pro | Free Swap with Muslim accounts | Maximum leverage 1:500 | 6 types of trading assets: Bonds, Commodities, Metals, Indices, Forex, BTC/USD | 6 payment methods |
| HFM | from 0.0 pips | Free commission minus Zero | Free Swap on certain trading instruments | Highest leverage 1:5000 | 7 main asset types: Bonds, Commodities, Cryptocurrencies, Metals, Stocks, Indices, Forex | 14 deposit methods, 11 withdrawal methods |
| XTB | Float from 0.35 pips | Are not | Related to the size/width of the order or transaction size. | 1:500 | 6 main asset types: Cryptocurrencies, ETFs/CFDs, Stock CFDs, Indices, Forex, Commodities | 5 deposit and withdrawal methods on XTB |
| IQ Broker | Spreads are floating/not fixed. | Are not | Are not | Depends on the type of asset traded. With Forex it can be up to 1:1000 | 6 main asset groups: Forex, stocks, options and Cryptocurrencies, EFT, Commodities | Diversity |
Top Forex platform: Olymp Trade and Fx Pro
| Exchanges | Spread | Rose | Swap | Lever | Assets/trading tools | Transaction method |
| Olymp Trade | Depends on the account type chosen by the user | Based on transaction size and investor’s pre-trade choices | Flexible, no more than 15% of total transaction | From 1:10 to 1:500 | 7 main asset groups: OTC, Cryptocurrencies, ETFs, Indicators, Commodities, Forex, Stocks | Diversity |
| Fx Pro | From 0.0 pips | 1:500 | 6 different asset types including Futures, Indices, Stocks, Metals, Energy, Forex | Diversity |
Which platform should I choose among the top Forex platforms?
After the above information, readers must have a certain idea about reputable Forex exchanges in the UK today. To ensure objectivity, we will not make any subjective choices. The reason is that the user experience will depend heavily on their needs and experience. So instead, experts from Learn Forex Trading suggest how to choose the right broker based on the evaluation criteria at the beginning of the article and the “Disadvantages” section below. Or you can learn more information from the Trading Experience section on this website.
See more: Instructions for registering an Exness account
Some disadvantages of top forex platforms are mentioned above.
Although they are all reputable Forex exchanges, in reality, each exchange will have its limitations. So what are those limitations?
| Exchanges | Defect |
| Exness | Spread expansion was relatively strong at the time of the news announcement. Limited order placement distance. Using time zones is quite strange. Exness does not have too many Bonus programs for customers. |
| ICMarkets | The minimum deposit is relatively high. The account has some limitations. US clients are restricted on ICMarkets. |
| XM | The minimum deposit with Share is quite high. Many procedures are relatively time-consuming. The leverage is not high. Spread is still relatively larger than other exchanges. |
| FBS | Spreads are still relatively high with low-fee accounts. The Copy Trader trading platform has been discontinued. FBS’s deposit and withdrawal time is relatively long due to many approval steps. |
| Tickmill | Limited trading assetsHigh margin level |
| HFM | The type of trading assets is still limited |
| XTB | Limited trading accounts, Spread is not low |
| IQ Broker | Withdrawal fees are relatively high. The product allows relatively few transactions |
| Olymp Trade | Olymp Trade’s Payout rate is quite low. Restrict trading assets |
| Fx Pro | Few promotions or incentives for customers. The verification process is quite time-consuming and complicated |
summary
Above is the list of leading top forex platforms in the UK market. Hopefully, through this article, Learn Forex Trading has given you useful information. If you are still interested or have questions, stay tuned for more interesting information from our information page. Hopefully, you will find a source of knowledge and a suitable broker for your needs. Good luck!
FAQ
Are there any exchanges with a high success rate?
Successful trading depends on many different factors. Therefore, we cannot only consider the trading exchange factor but also need to consider the market and investors’ experience.
Are the Forex brokers above legal?
The above trading exchanges are all in the gray area of UK law. Currently, the laws related to this field are not specific. However, you can still rest assured because the 10 exchanges mentioned all have guaranteed international licenses.
Which exchange is easiest to use?
This is a highly subjective question. Because the interface or experience of using the exchange depends on the trader. Therefore, you should use it yourself to make it easier to evaluate.
