BlackBull Markets
Top Brokers 2020 Description

Since the lockdown began, most people have started looking out for an alternative way they can improve their basic income and also learn new skills.

For those who are just entering the Forex trading market or those who are looking to find the right broker who they can open a trading account with for them to generate some potential income, this article is specifically for you. We will be providing you with an in-depth
knowledge of the best forex brokers for 2020.

 When you are working on your trading business make sure your structure is very sound and one of the most important things about working on your trading business is making sure that you are trading with the right broker.

 Who is a Forex Broker?

Forex brokers are firms that provide traders with access to a platform that enables them to shop for and sell foreign currencies. Transactions made in this market are always between a pair of two different currencies, so forex traders either buy or sell the actual pair they need to trade. Since you now know who a broker is, we will further explain to you in this article why the brokers listed in this section have been chosen by our unbiased reporters as the best Forex brokers for 2020.

There are so many Forex Brokers out there offering different services to their clients. Most of these brokers claim to offer more or less the same features and trading environment. There is always a right broker for everyone who is seeking to open a trading account, but these will differ individually.

Every trader out there is looking for a specific thing while choosing a forex broker, for most traders who we have spoken with and from our dealings with the brokers listed here,

Here are some of the things anyone should be looking at when choosing a good forex broker.

Forex brokers are not created equal and the type of service they offer can vary. These services start from:

  • Differences in trading conditions
  •     Educational support can hugely affect your trading experience.
  • Trading platform
  • Trading Assets
  • Regulations.
  • Leverage
  • Customer Support
  • Deposit/ Withdrawal procedures.

Now is a good time to run from a broker if they are; Unregulated Brokers whom you think cannot safeguard your trading funds Brokers that you cannot withdraw your funds from. For us here, none of the brokers on this list falls into any of the latter categories, because the brokers listed here are pretty solid and we have been deriving maximum satisfaction from our dealings with each one of them and we just wanted to inform you a little bit more about our.
Best Forex Brokers for 2020.

Again, this is our opinion and through our experience of working with them for years, they haven't let us down so in any way.

So let's go over the top twenty forest brokers for 2020. Our analysis considers the following guidelines; Differences in
trading conditions,
What type of trading condition does your broker offer?

 Educational: This is one of the most important factors that anyone
who wants to learn should be looking for. If a broker is going to provide you
educational material, it's already a milestone for both novice and professional
trader.

Trading platforms: Different brokers have different
trading platforms. Most brokers provide their traders with the normal MT4 platform; however, the key is looking for an easy and compatible platform that will suit your needs.

Regulation: Investing your funds with an unregulated broker
could potentially mark the beginning of the end for your trading career. That is why it is very important to know if the broker you are investing your funds with has the appropriate regulatory body which monitors their transactions with their clients.

Trading Assets: What are the assets that the broker you are looking to trade with is providing you? Most platforms can provide as much tradable assets more than 300 while there are also brokers who offer less tradable assets, so this is also an important factor for you to
consider.

Leverage: What is the broker specific leverage that your
broker is offering? Most Forex brokers provide you with a high leverage (up to 1:1000) while others do not. For the European trader, most trading firms offer leverage within 1:30 leverage depending also on the assets. However, caution is the watchword for traders.

There are several stories of traders making potentially tens of thousands of dollars with unregulated brokers and the brokers never pay out their earnings. We will, therefore, provide you with information on brokers that pay-out very well and also provide their clients with a very low spread.

Customer Support: Potential customers, especially
new traders, need guidance navigating trading platforms. Clients are more confident in their brokers when they rest assured that they have a solid customer support system in place to their queries, if and when any rises. We will introduce you to some of the best-regulated brokers with top notch customer service.

How long has this broker been around? Considering the time that your broker has been around will help you too in choosing the right broker. Remember that some of these forex brokers have their proprietary platforms that you can execute in all.

Top Brokers 2020
Easy Markets Review
Min. Deposit from $100
Leverage upto 1:400(1:30 for EU clients)
Trading Platforms easyMarkets Platform, MT4
Regulators ASIC, CySEC

VantageFX Review
Min. Deposit from $200
Leverage up to 1:500
Trading Platforms Web MetaTrader 4 MetaTrader 5
Regulators ASIC, FCA, CIMA

HYCM Review
Min. Deposit from $100
Leverage 1:500(1:30 for EU clients)
Trading Platforms Platforms: MT4 and MT5 (for now)
Regulators CIMA, CySEC, DFSA, FCA

NSB Review
Min. Deposit from $250
Leverage upto 1:50
Trading Platforms MetaTrader 5
Regulators MFSA

BlackBull Markets Review
Min. Deposit from $200
Leverage 1:500(1:30 for EU clients)
Trading Platforms MT4, MT5, WebTrader
Regulators FSPR, FSCL

Ava Trade Review
Min. Deposit from $100
Leverage up to 1:400 (1:30 for EU clients)
Trading Platforms Web,MetaTrader4, MetaTrader5,cTrader
Regulators ASIC, Central Bank of Ireland, FSCA, JFSA, JFFA, BVIFSC

Robomarkets Review
Min. Deposit from $100
Leverage 1:30
Trading Platforms Web, MetaTrader4, MetaTrader5,cTrader
Regulators CYSEC

Fortrade Review
Min. Deposit from $100
Leverage 1:30
Trading Platforms MT4, WebTrader, Mobile Trader
Regulators FCA, ASIC

PaxForex Review
Min. Deposit from $10
Leverage up to 1:500
Trading Platforms MetaTrader 4
Regulators None

FXPrimus Review
Min. Deposit from $1000
Leverage up to 1:1000
Trading Platforms Web, MetaTrader 4
Regulators CySEC, FSCA, VFSC

Think Markets Review
Min. Deposit from $5
Leverage up to 1:500
Trading Platforms Web, MetaTrader 4, MetaTrader 5, Specific
Regulators ASIC, FCA, FSCA

FXOpen Review
Min. Deposit from $1
Leverage up to 1:500
Trading Platforms Web, MetaTrader 4
Regulators ASIC, FCA

ICMarkets Review
Min. Deposit from $200
Leverage up to 1:500
Trading Platforms Web, MetaTrader 4, MetaTrader 5, cTrader
Regulators ASIC, CySEC, SFSA

FXTM Review
Min. Deposit from $10
Leverage up to 1:1000 (1:30 for EU and some non-EU clients)
Trading Platforms Web, MetaTrader 4 ,MetaTrader 5
Regulators FCA, CySEC, FSCA, FSC

XM Group Review
Min. Deposit from $5
Leverage 30:1(This Leverage applies to clients registered under the EU regulated entity of the Group. Leverage depends on the financial instrument traded.)
Trading Platforms Web, MetaTrader 4, MetaTrader 5
Regulators ASIC, CySEC, IFSC

FXCM Review
Min. Deposit from $50
Leverage up to 1:400 (1:30 for EU clients and UK clients)
Trading Platforms Trading Station, MetaTrader 4, Ninja Trader, Others
Regulators FCA, ASIC, FSCA

FP Markets Review
Min. Deposit from $100
Leverage up to 1:500
Trading Platforms Web, MetaTrader 4. MetaTrader 5, Specific
Regulators ASIC, CySEC

Axitrader Review
Min. Deposit from $No Minimum Deposit
Leverage up to 1:500 (1:30 for EU clients)
Trading Platforms WebTrader, Mobile Trading, MT4
Regulators  ASIC #AFSL number 318232,  SVGFSA #25417 BC 2019,  DFSA #Category 4 license with a "Retail" endorsement  FCA #509746