1. XM

XM is a well-regulated and multiple award-winning forex brokers that provide a trading environment that is suitable for both novice and experienced traders. XM focuses a lot on security features and also provides a variety of educational resources that are considered to be amongst the best in the industry. XM’s trading platform is intuitive and easy to use. If you are new to XM, opening an account with them is hassle-free and quick. 

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Established in 2009, XM has grown tremendously to garner more than 3,500,000 clients. Today, it supports more than 30 languages and is among the most preferred trading platforms for users worldwide.

Pros

• A wide variety of trading account types
• Easy and hassle-free opening of accounts
• Excellent educational tools and resources
• Services are reliable and secure
• Multiple-language support
• No withdrawal fee
• Low minimum deposit

Cons

• Average forex and stock index CFD fees
• No 24/7 support

2. HotForex

HotForex is a popular and widely respected forex and commodities broker that was established in 2010. It has always been the policy of HotForex to provide the best trading environment to both retail and institutional clients. HotForex has its offices spread across different countries, including the UK, Cyprus, South Africa, UAE, and more.

To enable customers’ trade online in forex and derivatives, HotForex offers different types of trading tools, software, and account types. HotForex is regulated by different bodies, including CySEC, FSCA, DFCA, FSA, FSC, and FCA. With HotForex, users can trade with forex pairs, cryptocurrencies, bonds, stocks, commodities, and indices. 

Pros

• Forex fees and commissions are low
• Low minimum deposit
• Educational service is excellent and reliable
• Excellent proprietary copy trading platform
• Recipient of multiple awards
• Well-regulated broker
• Best fund protection

Cons

• Yet to break into some markets
• A limited number of assets

3. Exness

Established in 2008 by a group of information technology and financial professionals, Exness has made rapid progress to be recognized as one of the industry leaders. The growth for Exness has been such that it delivers a wide range of trading instruments to its clients that are spread across the globe as of today. 

The customer-centric platform of Exness comes with a variety of interesting and useful tools that enhance the trading experience for several users. Be it forex pairs, metals, indices, currency pairs, energies, or stocks, Exness provides its clients with a trading environment that is secure and safe. The broker is highly regulated too!

Pros

• Wide range of forex pairs
• Well regulated
• Commission-free trading
• Provides a variety of trading platforms, including MT4, MT5, MT4 Web Terminal, and Mobile trading platform
• 24/7 customer support in more than 24 languages
• Low deposit requirement and availability of low spread

Cons

• Non-availability of discounts and bonus for existing and new clients
• No support for social networking forms

4. RoboMarkets

A new entrant in the world of forex broking, RoboMarkets has made rapid strides and now excels in providing a variety of professional services to both retail and institutional clients from Europe. Having established itself in 2012, in the following year, it got the license of a European broker. It is regulated by the CySEC.

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Clients can trade with more than 12,000 instruments and 8 asset types with RoboMarkets. In addition to this, there are the latest proprietary technologies and professional trading platforms using which clients can do their trading. 

Pros

• More than 5 account types
• 24/5 customer support in different languages
• 12,000+ instruments to trade on
• Regulated by CySEC
• Availability of MT4, MT5, and R Trader terminals

Cons

• Withdrawal fees charged