The 3 Best Forex Brokers

Most online brokers offer access to forex markets, but when navigating the most liquid market in the world it's important that you are working with the best forex broker available. Currencies are quoted in pairs and it is important to make sure the pairs you trade are included in the platform. Fees are also quoted differently, as certain brokers quote a fixed spread, while others include a markup automatically, so it may look like you are not paying any fees but in reality you are. The best forex broker will have the pairs you want with a transparent fee system and an easy to use interface for executing orders. All of the brokers on this list are not specialty forex brokers, but they should offer you the tools needed to trade forex markets.

Ed Carlson

Ed Carlson

Online Stock Trading Expert

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Updated: January 16, 2014
1.

Most online brokers offer access to forex markets, but when navigating the most liquid market in the world it's important that you are working with the best forex broker available. Currencies are quoted in pairs and it is important to make sure the pairs you trade are included in the platform. Fees are also quoted differently, as certain brokers quote a fixed spread, while others include a markup automatically, so it may look like you are not paying any fees but in reality you are. The best forex broker will have the pairs you want with a transparent fee system and an easy to use interface for executing orders. All of the brokers on this list are not specialty forex brokers, but they should offer you the tools needed to trade forex markets. Open an Account

2.

TD Ameritrade's advanced thinkorswim platform lets you access global forex markets charting packages, currency trading maps, global news squawks, and real-time breaking news from CNBC International, all from one integrated platform. Perhaps most impressive is the fact that TD Ameritrade offers access to this platform without charging a subscription fee. Currency spreads with TD Ameritrade are competitive, and the Forex Currency Map gives you a bird's-eye view of the world financial markets. The Currency Map also gives you a visual handle on your base currency's worldwide performance. If you are just wading into forex trading, use the papermoney® program to test your strategies with real market data without the risk of losing money. Open an Account

3.

TradeStation's award winning platform offers many great technology tools to help you navigate the markets. The ability to trade 34 currency pairs in one window with fully customizable charting puts TradeStation among the top forex brokers. Infrequent traders will appreciate that there are no base or minimum activity charges. Prices are competitive, but spreads vary depending on the currency pair. For lightening fast execution, the Quick Trade bar allows you to trade any currency with a single mouse click, or take the time to refine your strategy by back testing your ideas against 40 years of currency data. Open an Account

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