Menu

Top Rated Forex Brokers List In 2017 (Best Brokers for Beginners)

Top Rated Forex Brokers List In 2017 (Best Brokers for Beginners)

Share This!

Estimated reading time: 6 minutes

There are dozens of lists on the internet purporting to highlight the Top rated Forex brokers on the internet.

However, not all of the Forex brokers you find in those lists are actually top rated Forex brokers.

Some brokers have been blamed for high spreads, yet you still find them in the list of top rated Forex brokers published in other review sites.

It’s sickening to realize that most reviewers have downgraded their standards for qualifying FX brokers into the ultimate list of top rated brokers.

That’s the reason you find every Tom Dick and Harry featuring in those lists, even if they don’t have basic requirements like 4-5 star customer service.

These are the same Forex brokers who simply make it difficult for clients to trade profitably because they are market makers.

And the worst thing is that some Forex brokers are pure scams. Once you fund your account with them, there is no withdrawing funds whatsoever.

Any attempt to do so will be thwarted with silly terms and conditions which are clearly oppressive on the side of the client and favorable on the side of the broker.

In other words, these brokers are never to be trusted because they always have issues with clients and these problems are never attended to, hence they don’t even deserve to appear in any list of recommended Forex brokers.

Again, other scam brokers have been accused of high-handedness and unprofessional conduct.

We’ve seen them appearing on top of this list in reviews that are not very considerate with regards to their readers affairs.

Unfortunately, these Forex brokers make up a bulk of what we have on the internet as ”top rated Forex brokers”.

The good news is that we have already cut the rat race for you by taking our time to publish you the ultimate list of our recommended forex brokers that are not scams. Our list is influenced by a number of qualities that were analyzed before publishing.

So if you don’t have time to do your own research because you want to trade straight away, you can use the following Forex brokers instead.

These top forex brokers were hand-picked by us after conducting careful research and scrutinizing every product and services offered by them.

In addition to this, we also looked at various customer reviews before awarding a rating appropriately.

Top Rated Forex Brokers In 2017 (Best for Beginners)

BrokerMin DepositRegulationBonus
BrokerMin DepositRegulationBonus
$5FCA, IFSC, CySec$30 no deposit bonus
$100ASIC, FSP, FFAJ, FSA$35-$14,000
$1 CySecN/A
$1ASIC, FCA$10
Any amount IFSC50-101% of your deposit

#1 XM: Number one choice for beginners

XM broker takes pride in offering over 300 investment instruments which range from currency pairs, to commodity, indices, metal and so on.

XM broker is also one of the most generous top rated Forex brokers in terms of bonuses since clients can access up to $5000 in pure bonus money.

The broker has been offering a unique leverage of 888:1 which can be adjusted accordingly to suit your needs.

XM Forex broker has 3 different types of accounts which traders can choose depending on their needs.

These include Micro, Standard and XM Zero accounts. Of course these accounts have various features which may inform your decision when choosing one account as opposed to the other.

xm broker
XM broker’s homepage

To get a clear picture of what this broker is offering, read our comprehensive review of this broker here. You will understand why XM made it into our list of top rated Forex brokers.

#2 AvaTrade: Has the best cutting-edge technology

AvaTrade has the widest selection of trading platforms. This broker is always focused in growing its customer base, hence their keenness in implementing new technology and evolving from one level to the other.

AvaTrade falls among the list of most regulated Forex brokers on the internet. And that means they are an international broker with the widest reach around the globe.

With a minimum deposit of $100 only, you will be on your way to opening a live trading account here.

#3 Exness: most affordable among the top forex brokers

Exness Forex broker is well-regulated and considerate of its clients needs.

Although Exness doesn’t have a bonus or promotion that can entice clients presently, they still have good trading conditions and account types for their clients.

You can see that the minimum amount of deposit needed to experience what Exness is offering is $1, which is more than affordable to anyone wanting to try out their service.

They have 4 different types of accounts in total which we believe will suit your needs appropriately.

This broker does not charge commissions like other top rated Forex brokers do. Read more about them here.

exness
Exness Forex broker

#4 FXOpen: most innovative among the best forex brokers with bitcoin investment option

When we did a review on this broker, we were quite pleased to find out that they were offering crypto-currency trading as well.

FXOpen is among the few forex brokers on the internet offering trading opportunities to those who would like to take advantage of the volatility of Bitcoin and other crypto-currencies.

However, this Forex broker is also providing other regular Forex products and services.

Trading currency pairs, commodities and indices is also possible through the various account options offered at FXOpen.

We love their ECN account type which guarantees clients a no-dealing desk trading experience at the best ask bid prices.

Minimum investment is also pocket-friendly meaning that all traders can afford what FXOpen is offering on their platform.

Also, being that FXOpen is well-regulated by two governing bodies, it’s safe to conclude that this is one of the safest brokers to trade with on the internet, which is why they easily made it into our list of top rated Forex brokers on the web.

top rated forex broker fxopen
FXOpen top rated Forex broker

#5 Alpari: top rated forex broker for ECN traders

Alpari handles a very huge trading volume on a monthly basis — which is one of the qualities of top rated Forex brokers.

They are also well-regulated and keen on listening to their customers’ needs.

Their ECN account type only requires a minimum deposit of $200 which is very affordable so to speak.

On the other hand, their standard account does not have any minimum deposit requirement.

This Forex broker is also keen on spreads. During normal market conditions, Alpari keeps its spreads at less than 1 pip.

However, spreads also tend to vary based on market conditions. But generally, they keep their spreads low to attract new traders and keep existing ones.

What makes Alpari a unique Forex broker is that they’ve invested in educational material for their members. It’s clear that this company is striving to improve its position on our list of top rated Forex brokers.

With all the competition out there, only the innovative ones make it on the list of top rated Forex brokers.

You as a client of Alpari will enjoy more in terms of educational material which you will have access to. It cannot be said any better than this.

top rated forex broker alpari
Alpari

 

A note on these top forex brokers

This list o will keep growing as we discover more genuine and reliable brokers who deserve here.

We don’t want to restrict you to just a handful of forex brokers because we believe there are many honest brokers out there.

It’s only a matter of time before we add them here. If you have any comments or suggestions about any of the brokers, kindly drop a comment below.

Summary
Review Date
Product Name
Top Rated Forex Brokers
Author Rating
51star1star1star1star1star

If You'd Like to Get Notified When This Blog is Updated, Subscribe Below...

3 Replies to “Top Rated Forex Brokers List In 2017 (Best Brokers for Beginners)”

  1. Agradezco su información, tengo tiempo tratando de conseguir datos que me ayuden a invertir en Forex y hasta ahora los veo muy convincente. Gracias.

Leave a Reply

Your email address will not be published. Required fields are marked *

Binary Option Scams, Warnings, Reviews & Updates...

99.9% Tested & Trusted Binary Options Signal Services

Signup today for free and be the first
to receive this exclusive information!

Popular Articles

Follow Us

Valforex.com cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More

Show Buttons
Hide Buttons

Avoid Forex Scams!!!

​Don’t Fall Into the Dirty Hands Of Forex Scammers! Get Free Reports on Forex Products and Services that Really Work.