Want to trade FOREX or stocks, but don’t know, which broker to choose? Here are some reviews of best brokers!
|Broker||Regulation||Min. Deposit||Max. Spread||Our rating|
|ASIC, FSA, CBI, FSC BVI||$100||Fixed Spread||95/100||Review|
|CySEC||$25||from 1.8 pips||92/100|
|CySEC, MiFID||$1||2 pips||87/100|
|CySEC, MiFID||$1||0.7 pips||85/100|
What is Forex?
Forex or foreign exchange, also known as FX is buying one currency while simultaneously selling another, that mean you are exchanging the sold currency for the currency, you are buying. Currencies are always trade in pairs, like EUR/USD or USD/JPY. Unlike stocks or futures, there is no centralized exchange for forex. All transactions happen via online brokers.