World-Wide Popular Forex Brokers in 2023

Forex trading, also known as foreign exchange trading, is the process of buying and selling currencies in order to make a profit. It is the largest financial market in the world, with trillions of dollars traded daily. Forex trading involves speculating on the value of one currency against another, and traders use various strategies and techniques to analyze the market and make informed decisions. The forex market is open 24 hours a day, 5 days a week, and is accessible to anyone with an internet connection. It is a highly liquid and volatile market, and requires a deep understanding of global economics and political events.

Role of Forex Brokers

Forex brokers are financial institutions that provide traders with access to the foreign exchange market. They act as intermediaries between the traders and the market. Forex brokers offer various trading platforms, tools, and resources to assist traders in making informed decisions. Forex brokers play a crucial role in facilitating trading activities in the foreign exchange market.

How to Select Forex Brokers？

· Regulation and Reliability: Verify the broker's licence and compliance with rules and regulations. Search for regulation from established regulators such as the UK's FCA, Australia's ASIC, or Cyprus's CySEC to ensure fund safety.

· Trading assets : Check to see if the broker provides trading assets other than major currency pairings. If you want to trade commodities, indices, or cryptocurrencies, look for a broker who offers access to these marketplaces.

· Commissions spreads, and fees: Compare spreads, commissions, and other costs charged by brokers. High charges have a big impact on profitability. Confirm the fees for deposits and withdrawals.

· Reviews: Independent studies should be used to investigate other traders' experiences with the broker. Avoid brokers who have a lot of negative feedback.

· Additional features: Top Forex trading platforms provide traders with additional features such as VPS, copy trading, educational resources, and analytical tools.

Here is the list of worldwide famous forex brokers in 2023 by Traders Union.

About RoboForex

RoboForex Ltd is regulated by the FSC, license 000138/437. It established in 2009. It provides Stocks, Indices, ETFs, Currencies, Commodities, Energies, Metals, Cryptocurrencies, CFDs on futures. Roboforex offers 6 trading platform to customers MetaTrader 4, MetaTrader 5, cTrader, R WebTrader, R MobileTrader, R StocksTrader.

About Tickmill

Tickmill is a forex broker regulated in the United Kingdom. It is authorized and regulated by the Financial Conduct Authority (FCA) and is a member of the Financial Services Compensation Scheme (FSCS). The broker offers trading in a variety of financial instruments, including forex, commodities, indices, and bonds.

About Exness

Exness is a forex broker founded in 2008, with headquarters in Cyprus. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. The broker offers trading in over 120 financial instruments, including forex, metals, energies, cryptocurrencies, and indices.

About FxPro

FxPro is a regulated broker. It is regulated by the CySEC with license number 078/07 and FCA with license number 509956. FXPro offers a free 180-day lifespan demo account that enables traders to test their trading strategies and get a feel for the platform's features and functionality without risking any real money.

About Octafx

OctaFX is a reputable broker that has been in operation since 2011. The company is registered in St. Vincent and the Grenadines and regulated by CySEC and FSCA. OctaFX offers a wide range of trading instruments, including forex, commodities, and indices.

About Forex4you

Forex4you is a British Virgin Islands-based online brokerage business that was founded in 2007. The organization offers retail trading services in a variety of financial markets, such as Forex, commodities, equities, and indices. Flexible account kinds and different trading platforms seem to be the company's selling factors.

About IC Markets

IC Markets is a well-known Australian currency and CFD dealer that has been in business since 2007. Over 250 financial assets, including currency, commodities, equities, securities, and coins, are available to buyers through the business. The Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority both authorize and oversee IC Markets. (FSA).

Wikifx is the ultimate platform for forex trading enthusiasts. With its user-friendly interface and comprehensive database of brokers. Wikifx provides traders with the tools they need to make informed decisions. Whether you're an experienced trader or just a newbie. Wikifx has everything you need to succeed in the world of forex. To expand your knowledge and stay informed about the forex market. Download the Wikifx app on your phones. Here is the Link to the download: https://www.wikifx.com/en/download.html