Best Forex Brokers Rank (CFD)

The above list of forex brokers is updated on a regular basis, however, if you notice that any data is out of date, we will be grateful for information. The ranking of forex brokers visible above is created on the basis of ratings added by portal users and does not include brokers who did not receive any opinion. All opinions are verified before publication, both automatically (the script detects suspicious patterns of adding opinions) and manually (substantive verification of opinions). We make every effort to ensure that the information collected on the website is as useful as possible for traders looking for a broker in our ranking. If you have experience with any of the brokers, share information about them by adding your own opinion. Remember to choose a forex/CFD broker based on your trading preferences. Depending on the type of trading you use, different broker characteristics may have a completely different meaning for you. The lowest commission is not always the most important factor. When you find a broker, you have never heard about, check out his competences and opinions.

What is Forex Broker?

A Forex broker is a financial institution that buys and sells assets on behalf of its clients and receives a commission in return. It can be said that the Forex broker acts as an intermediary that enables private investors to place orders to buy and sell in the Forex market. This means that if you want to invest in the foreign exchange market, you must have an account with one of the Forex brokers.

If it weren't for the Forex broker, you would need a lot of money and a unique relationship with banks to be able to trade in the foreign exchange market. On the other hand, the Forex broker will allow you to invest even relatively small amounts. What's more, most often they will provide you with a demo account where you will learn about the currency exchange platform and the mechanisms behind these transactions.

Where can you use the services of a broker?

Brokers usually work in banks and brokerage houses. They are usually people with economic education. Forex brokers can be found here.

What does the broker earn?

The broker usually charges a commission for each transaction made, which is his remuneration. Therefore, clients, when planning to buy or sell, have to add or deduct the broker's commission.

Does the broker make money even when the client loses?

Not everyone is able to predict all the situations that may happen on the stock market. The broker can also get it wrong. The strategy developed between the client and the broker may, in addition to profit, bring losses, but the broker always charges a commission, because it is not calculated on the profit, but on the value of the transaction.

How to choose a Forex broker

Choosing a Forex broker is not an easy task. You should take into account a number of factors such as the assets you want to trade, our deposit or the commission charged by the broker. It is worth paying attention to the service in Polish or the friendliness of the transaction platform. Due to the number of factors, it is worth reading the Forex broker ranking available on our website.

What broker for beginners

When we are new to Forex trading, choosing a broker can play an even greater role. It is worth focusing primarily on the ease of use of the transaction platform, the availability of educational materials on the broker's website, but also, which is extremely important, with the minimum possible deposit or the smallest transaction size that we can conclude. We suggest you use our eBook to help you choose the right broker.