Choosing a broker for trading. How to choose a broker. A ready-made scheme for a novice trader. Cost of services: tariffs and commissions

Good day, dear readers of the blog site!

The rating of Forex brokers is perhaps the most useful thing for all those who want to realize themselves in the field of stock trading. If you are looking for opportunities to make money on Forex, then you have probably already paid attention to the search for a broker - an intermediary, without whom trading on the stock exchange is simply impossible, isn’t it?

Before making a desperate choice, you read reviews about the activities of brokers on the Internet, right?

Since dreams of millions in profits dominate the minds of thousands of people, brokerage firms are becoming extremely numerous. Most of them are one-day scammers who lure money from inexperienced and gullible Internet users. By what first criterion can you distinguish a one-day project from a worthwhile project? That's right, according to the time of existence.

The more time a company has spent on the market, the more reliable it is. The Forex trading industry entered a phase of active development in 1997 - 1998; the most trusted companies were born during this period. However, there are also younger ones.

The firm's existence allows us to weed out dubious candidates, but this does not particularly narrow the scope under which many brokers still fall.

The second criterion is the number of clients (the popularity of the company) and their attitude towards the broker - the authority of the office.

In most cases, it is quite possible to get at least an approximate idea of ​​the number of traders in a particular company. The RBC channel helps in assessing authority - look at which firms’ traders often appear in market reviews, and you will weed out a great many “green” projects.

Now we have a circle of companies whose members are not scammers, but the prospects for cooperation with them are not the same. How will we proceed with the selection? According to trading conditions.

You will be able to form a detailed idea of ​​whether a broker is good or bad in your head only when you master the basics of Forex, but we will analyze the main points in this post so that you still benefit from reading.

As we know, brokers make money on spreads - the difference between the purchase price of a currency (called the “bid price” or, in English, “Bid”) and the sale price (“Ask”). The spread is not a constant value and periodically narrows and expands, but still there are certain values. Our task is to choose brokers with minimal spreads on key currency pairs.

Key currency pairs are the instruments with the lowest spreads. They are also called "major" instruments. You can see the list of all the majors in the terminal we installed (how to install it, configure it and generally where to get it from is written in the article).

Comparing spreads for the above pairs from different brokers will help you draw conclusions. If you choose scalping as your trading strategy, the level of income from spreads will depend greatly.

Scalping (pips/pips) is the general name for short-term trading strategies. The basic principle: you need to open a lot of transactions, most of which will definitely bring profit. Usually transactions are closed as soon as even a tiny profit appears - “the scalp is cut off”.

We've sorted out the spreads, let's move on. In the article about, we will say that on Forex, currencies are not sold “in units” - you cannot buy one dollar and wait for it to rise in price. Currency is sold in certain volumes - lots (as are shares sold in blocks).

The smaller the lot, the less money we need to open a position (the lower the risk and profitability, naturally). The smallest existing lot is “0.01” - 1000 units of currency (by opening a 0.01 lot deal we buy, for example, 1000 dollars, euros or other currency). However, there are exceptions to this rule - read reviews of some brokers below.

We will delve into the essence of this most important term in the above-mentioned separate article, for now you just need to remember that the smaller the lot the broker allows you to trade, the better (especially for those who are starting from scratch). Maybe you won’t open transactions for 0.01 lots, but where is the guarantee that you will never have to reduce the volume of open positions, gradually taking away profits?

It is better not to cooperate with companies that do not allow you to play on the exchange with minimum lots. It cannot be said, of course, that the Xtrade broker, whose smallest lot is 0.1, is bad, but we will have fewer opportunities to earn money by cooperating with it. A similar situation is with the company Kalita Finance - a veteran, has been on the market for a long time, but the minimum lot is 1. People with large initial deposits make huge money here.

So, remember, ideally you need to choose companies where you can open with a volume of 0.01 lots.

Leverage – the higher it is, the more risky transactions you can make on the stock exchange. If you plan to trade conservatively and carefully, then, in fact, you don’t have to pay much attention to leverage. I will note here, as in my very first article, that due to trading with leverage you can lose all your money, but you definitely cannot go into debt, so don’t worry (although there are exceptions, we will consider one of them when analyzing the Alpari broker).

The next important indicator is the number of instruments that the broker allows you to trade. They are divided into different categories, the main one, as mentioned above, is “major currency pairs”. There should be no less of them than on the previously presented screen. A very trendy instrument – ​​the USD/RUB currency pair – won’t hurt either.

Instruments of the “Exotic” type are not used in trading by all traders due to too large spreads, although they are no worse suited for medium-term strategies than “majors”.

If you have no knowledge at all about Forex and you have the vaguest idea about trading, it is best to find a broker who will provide quality training. The ideal option is webinars where you can ask questions to the teacher. By the way, regarding knowledge, take a look at the page with the material “Forex Books for Beginners” - perhaps the need for training will disappear by itself.

A huge number of newly created brokerage firms entice gullible Internet users with the opportunity to trade with an expert. In most cases, expectations are not met: there are many traders, and it is simply unrealistic to select an individual expert for each. The matter will be limited to the fact that the expert will give you certain advice and “let you go free.”

Having a cent account is not a mandatory quality criterion, but it can be useful if you want to start training with very tiny amounts (one or two dollars). True, does it make sense at all in this case to open up and start trading, because for such a case there is a demo account.

Profit on a cent account is a loss for the broker, because cent transactions are not brought to the market. This thesis gives the right to some people to claim that brokers “draw” not entirely correct quotes when trading cents and steal traders’ money. If the company is verified, there is no need to fear a catch.

It would be nice if the brokerage firm allows you to open different types of accounts with different conditions. Typically these are cent, standard and professional accounts.

So, all of the above criteria will allow you to avoid making serious mistakes when choosing a broker and not trusting scammers. A more reliable “feel” will be developed later, when you start real stock trading.

Maybe let's now take a quick look at some of the companies? Please note that the information below on the list of Forex brokers is current as of the beginning of 2017, however, I am monitoring changes and will try to make changes in a timely manner if necessary.

Domestic and foreign brokers – reliable and not so reliable

Below I will offer you a list of brokerage companies with a brief description of each. We will study their conditions and trading terminals in more detail in separate articles.

Alpari

Now we have reached the famous broker Alpari, on whose website we have already registered and downloaded a trading terminal. Let's take a look at the trading conditions.

Accounts here are divided into 3 types: Nano (cents, no minimum threshold), Standard (standard - dollar, minimum amount for opening an account - $100), ECN accounts (dollar, for professionals: commissions instead of spreads, higher Stop Out levels and other features).

Let us note right away that if you want to try trading on different accounts, you can collect $100 to open a “Standard” account, and then transfer part of the amount to a cent account.

It is not possible to trade securities on Alpari, but traders have several futures at their disposal. Gold, silver, oil are available from the commodity market, and space is reserved for the dollar/ruble pair.

Leverage – 1:500 – you can enter into even very risky transactions (but you shouldn’t do this), minimum lot – 0.01.

Would you like to learn about the possibilities of free daily one-on-one training with a trader in broker offices, which are located in almost every major city? Or are you interested in the opportunity to observe the transactions of professional traders through access to their trading accounts? Be sure to check out ours. There you will also find information about accounts, when trading on which you can remain in debt to the broker. But you don’t want this, it seems to me?

Recently, I have often come across reviews on the Internet from traders who accuse Alpari of fraud by presenting incorrect stock quotes on charts. Having become interested in this issue, I conducted a small study, the results of which I report in the above review.

Trading platforms – MetaTrader and BinaryTrader (for binary options). By the way, you can open trades on options even on a 30-second time frame, while the minimum time interval for Forex (if you remember) is 1 minute.

Alpari recently received a license from the Central Bank of the Russian Federation, so in terms of reliability it is second only to Finam.

Forex Club

For reasons that are not fully understood, the Forex Club company ranks first among brokerage firms on many rating sites. The abundance of trading instruments immediately catches your eye: currency pairs, commodities and raw materials, currencies, indices, futures, even cryptocurrency...

Training is divided into completely free and free when you top up your account. We can watch the first three lessons “just like that”; to watch the subsequent ones, which introduce technical analysis, trading on news, indicators, etc., you will have to top up your trading account with at least $500 - an amount that will be serious for many people.

Trading is carried out through MetaTrader. If we open an account of the “Start” type, we get the opportunity to trade 0.01 lots, on other accounts the minimum is 0.1 lot (by the way, to open a “Start” account, $200 will be enough). You are allowed to deposit/withdraw amounts from 10 $, no less.

Finam

Finam is one of the largest brokerage firms operating in Russia. In addition to currency pairs, you can trade securities here (the stock and foreign exchange markets are combined). Finam was awarded a license from the Central Bank of the Russian Federation, which can only be obtained by the highest quality companies.

The minimum deposit for a Forex account is $100, which is quite an acceptable amount. You can also open a ForexLite account with a minimum of $10. For a “regular account” the smallest lot is equal to five thousand units of the base currency - this is 0.5 lot. For ForexLite, the volume is even smaller – 1000 units – 0.01 lot.

Training on the brokerage firm’s website is available, and it is of quite high quality: after studying the basic principles, you move on to analyzing specific strategies. Trading is carried out entirely through the MetaTrader 4 terminal, the administrators do not invent the wheel.

If you doubt your abilities or are afraid to take risks, you can connect to the account of professional traders and automatically copy trades. Of course, there will be unsuccessful positions, but profitable ones will cover them, so every month will definitely be closed with a profit.

A detailed analysis of the company, its trading conditions (including for the stock market - an excellent opportunity to receive stable passive income), the terminal format (minor differences from other brokers are still present) is available in a separate article.

InstaForex

InstaForex cannot compete with Finam, but it is proud of its primacy among brokerage firms in Asian countries, even without the “licensed” status.

A great variety of trading instruments are available here, in particular, 107 currency pairs, 88 CFD contracts (for now it will be enough to know that these are transactions on the commodity or stock market). There is an opportunity to trade options.

For beginners, InstaForex is good because there is no minimum deposit - you don’t need either a hundred dollars or ten to open the first transaction. Just don’t forget about the risk management rules we talked about earlier. The deposit may be very tiny, but the risks will be serious, because the less money, the fewer transactions you can open in order to recover from “burning out” in unsuccessful positions.

Transactions are made through MetaTrader versions 4 and 5; it is allowed to open and close via the Internet from the WebTrader trading platform. The training is high-quality: basic course, instructions on strategies (indicators are especially well demonstrated). By the way, we have an article about training, where the main stages of mastering the exchange are described in detail.

At InstaForex, you can, among other things, trade together with a trader in three free practical classes - you can’t imagine anything more luxurious for beginners.

Above we talked about trading accounts - the more diverse, the better. InstaForex ideally meets this requirement - there are both cent and spread (regular) accounts, and with commissions instead of spreads. There are even special “Islamic” accounts, the possibilities of which will be discussed in a separate article “InstaForex Brokerage Firm”.

BKS-Broker

On the MICEX (if you remember, this is the Moscow Interbank Currency Exchange), every third transaction is made by traders who have opened an account with the BCS broker - a fairly high figure. The company has been providing its services to traders for more than 19 years. Here you can work with absolutely all existing instruments: currency pairs, stocks and bonds, futures, forwards, options, etc. Access is provided to both the Russian and American markets.

After trading currencies, you can immediately move on to securities transactions. They are good for the opportunity to receive passive income, because the shares regularly pay dividends.

For beginners, accounts with a small commission are available (there are practically no spreads anywhere), from which you can successfully start playing in the market and earn money. There is no minimum deposit. Leverage is 1:200, you won’t be able to trade too aggressively, but 1:200 is enough to go through the roof. In the future, if necessary, you can reduce the leverage size if you are afraid of losing money due to high risk - a good recommendation.

Training is conducted in the format of webinars, there are good articles on trading. In addition, you can consult a toll-free hotline number. It is proposed to speculate in currencies through MetaTrader, and in shares through a service called QUIK - we will study it in detail in a separate material, “Review of the BCS brokerage firm.”

Amarkets

The Amarkets broker puts at our disposal 50 currency pairs (majors, exotics and others), seven metals (including gold and silver), 26 indices, several bonds and countless shares of various companies. The tools are most abundant.

The minimum lot for trading is 0.01, the maximum on regular accounts is not limited, on ECN and Institutional it is 100 lots. Leverage is 1:500, for ECN and Institutional – 1:100 (transactions are opened for large amounts, so there is no need for high leverage).

The training here is mainly carried out in text format - articles on technical and fundamental analysis are posted on the broker's website. The “Webinars” section usually contains one or two classes, nothing more.

From this we conclude that in terms of training, Amarkets is inferior to the projects described above. However, trading conditions here are quite favorable.

As for trading platforms, administrators do not bother much - Forex transactions are opened through MetaTrader, stock speculation occurs through the xStation terminal specially designed for this purpose.

The screenshot above shows shares of Russian companies available on xStation. Do not think that all the variety is limited to them: there are also securities of English, European, American companies, etc.

TeleTrade

The brokerage firm TeleTrade takes the process of training new traders very seriously. At first, all registered users study a basic course (theoretical, to know how to work in the terminal, where to start trading in general), then they move on to practice with teachers. The class schedule is compiled individually; you can study in the company’s office or via Skype.

The leverage here is not as large as in other offices; you can open a deal with a volume only 100 times greater than the funds at your disposal. The minimum position volume for most currency pairs (and there are many of them) is 0.1 - 0.15 lots - quite a lot; beginners do not always have enough money for successful trading.

In addition to currencies, you can trade stocks, metals, indices, securities and a great variety of other instruments.

Transactions are opened through MetaTrader 4 or 5 versions, there are applications for mobile devices. You cannot open options transactions in TeleTrade.

When you receive all the necessary knowledge, be sure to try yourself in game projects developed by the company. Funds are credited to your virtual account, you predict exchange rates and, depending on the accuracy of the forecasts, receive bonus points. Ten leading participants (results are summed up monthly) receive good cash incentives - an excellent chance to start trading without investment. We will consider this and other points in more detail in the article “TeleTrade Brokerage Company”.

FxPro

FxPro has been on the market for over 11 years – not as long as Finam, BCS or Alpari. However, the broker has gained serious trust among traders, not only professional ones, but also beginners. Administrators develop their own trading platforms, so in addition to MetaTrader, you can open trades through FxPro cTrader, FxPro Markets.

Transactions are executed very quickly. There are many instruments: currency, stocks, futures, indices and much more. There are no options, and cryptocurrencies are promised to be made available for trading soon.

All analytics are provided absolutely free. There is training in the form of recorded video lessons. Webinars are also held regularly.

Spreads are the same as other companies.

Leverage here depends not on the type of account, but on the volume of open trading positions. If less than 100 lots are open, the leverage is 1:500, if 100 - 200 lots - 1:200, 200 - 300 - 1:100, 300 - 500 - 1:50, more than 500 - 1:33. In principle, you are unlikely to open in very large volumes, so you have quite a lot of opportunities even for aggressive trading.

Read more about trading with the office in question and other details in our separate “FxPro Broker Review”.

Fibo Group

Broker Fibo Group began working in the financial market in 1998. During this time, countless deals were concluded. The company's analysts constantly appear on economic television programs; recently, one of the leading analysts, Tatyana Leiko, won the “Battle of Analysts” on RBC.

The list of trading instruments is not so numerous, but Forex currency pairs are available in full range, so there is a place for everyone, including people who are starting to learn from scratch.

In addition to good conditions, the company has favorable opportunities for investment or automatic trading, we will talk about this in the article “Fibo Group Brokerage Firm”, read it before making the final choice of a broker.

Regarding training, we note a large number of webinars on a variety of analysis methods. Plus, there are market reviews and high-quality analytics - an excellent solution to problems for beginners.

The accounts are differentiated, and very qualitatively. You can trade on a cent account, on MT4 Fixed - with fixed spreads (helps with long-term trading), MT4 Floating - here the spreads are already floating, MT4 NDD - suitable for scalpers, there is the highest speed of order execution and other advantages. We'll talk about other accounts in a separate review.

Forex4you

Broker Forex4you offers us to trade currencies, metals, some stocks and other instruments. There are cent, classic and professional accounts. The "Classic" account is divided into two subtypes: simply "Classic" and "NDD". The second option is something between a classic account and a professional one; it differs from the first by a floating spread of 0.1 points and a commission.

Leverage can reach a level of 1:1000, but if the deposit exceeds $100,000, the maximum leverage is reduced to 1:200, if we have more than 250,000 - to 1:100, and if we have more than $500,000 - 1:50. The minimum lot is 0.01, the maximum here no longer exceeds 200.

Forex4you, like other brokerage firms, has its own features and promotions. In particular, working with a personal manager who will be available at absolutely any time and will be able to advise on every issue of interest. There is also a bonus program. Read about all this in our separate review “Forex4you Brokerage Company”.

Trading is carried out through MetaTrader; the project does not develop its own terminals. The training takes place in the format of webinars, but there are not very many of them; webinars on technical analysis are generally held quite rarely.

Alfa-Forex

On February 13, 2018, the company stopped serving clients with Russian citizenship.

If you decide to cooperate with the Alfa-Forex broker, you will be presented with a great variety of instruments: Forex currency pairs of various types (major, exotic, ruble and others). Trading is carried out through MetaTrader - everything is extremely simple and clear.

Spreads for currency pairs do not differ from those of other brokerage firms, some of which can be found in the extract from the table below. The indicated value is the floating spread (if you remember, it can narrow and expand, right?), in brackets is the average value that most often exists on the market.

We wrote about swaps in the very first article. Let’s make it clear right away: “long” is the name of the buy position, “short” is the name of the sell position. The data is provided for 100,000 units of the base currency, that is, for 1 lot.

Conclusion about Forex brokers

Dear friends, we have reviewed eleven of the best companies for trading on the foreign exchange market. Now you already know approximately which one to choose for trading. Fraudulent organizations from the “black list” or “gray” companies did not appear in our general review; perhaps we will devote time to them later.

Before choosing a company, please read its full description (the link is located in each separate block). If you have questions about choosing a broker, ask them in the comments.

If you are interested in a brokerage firm not described above, please “order” its description in the same way through the comments, within a few days a detailed study will appear on the blog pages.

Good luck with your trading, big profits!

Today there are a large number of different brokerage companies in the world, each of which provides unique trading conditions, bonuses and promotions. Such a wide variety of companies often does not allow us to adequately assess the competence of a particular broker. This article will show you how to choose a broker and teach you to pay attention to important factors to consider when choosing.

• When choosing a broker to work with, it is important to pay attention to how long the company has been operating in the financial markets, and whether it has the ability to provide its clients with insurance against any force majeure situations.
• Consider what maximum leverage the broker provides, as well as how many instruments you can trade. As a rule, only proven and wealthy companies can afford a much wider choice than others.
• The professionalism and competence of a broker's technical support service is an important indicator that can say a lot. A company with a good reputation will not allow itself to hire employees who cannot provide adequate assistance to their clients.

Example of a proven broker: AMarkets

As an example, we decided to take such a time-tested broker as. The company has been providing its services since 2007 and has shown the highest level of work since the very first day.

The company has more than 100,000 customers and 3,000 partners around the world. At the same time, the percentage of successful users is currently 40.3%. This is the second best result in the world for this indicator among online brokers.

The most important goal of the company is to take care of its customers and provide them with the most comfortable trading conditions. The broker has its own analytical department, which regularly conducts training webinars, publishes reviews of financial markets and holds conferences in Russian cities.

Company advantages

Features of the company that are worth paying attention to are:

1. Fully regulated brokerage. Regulatory functions are provided by the Financial Commission. The commission guarantees the possibility of reimbursement of $20,000 to each client in case of claims.
2. More than 1600 trading instruments and assets: currencies, metals, CFDs, ETFs, commodities, bonds, futures and shares. Each client will be able to choose for himself exactly the one that is the most profitable and convenient for him.
3. The company allows you to use two platforms for trading - familiar and innovative. While the former has a standard set of trading capabilities, xStation allows you to make trades using more than 1,500 instruments, also for free.
4. The AMarkets analytics department has developed unique indicators that every client of the company can use absolutely free of charge. Cumulative position indicator, “ ” and - these analytical tools simplify your trading decisions and allow you to earn even more.
5. Possibility to insure your losses. Such investments allow you to receive passive income and not waste time on independent trading. Great for both beginners and trading professionals.
6. The largest database of trading advisors (more than 100), each of which has been tested. The opportunity to receive timely professional assistance in setting up and optimizing robots.

Special company promotions

The company has many unique promotions and bonuses suitable for both beginners and trading professionals:

• Bonuses from Artem Deev. By watching, you can receive special code words that will make it possible to constantly increase your earnings.
• A promotion, using which you can transfer all the profits received on the demo account to a real account. Details of the promotion can be found.
• The legendary competition “”, which gives you the opportunity to receive a $100 no-deposit bonus on a real trading account. The conditions of the competition are presented. Please note that you can immediately continue trading with the money you win and even withdraw it.

Let's sum it up

The company is one of the leaders in the modern online brokerage market. AMarkets provides the best trading conditions, develops the industry as a whole and has customer care as its main goal.

This broker is an excellent choice for all categories of traders and is not capable of disappointing any client. This is confirmed by the company’s impeccable reputation and numerous user reviews.

Every Forex market trader sooner or later faces an important question about how and which Forex broker should be chosen. Currently, the top Forex brokers are constantly changing, and deciding without outside help can be an extremely difficult task.

What to look for when choosing a TOP Forex broker?

In any case, the correct course of action would be not to follow the lead of advertising and go to the nearest representative offices in your city, but to consciously analyze the quality of the services provided by various brokers. When analyzing top Forex brokers Regulatory issues should be addressed initially.

As a rule, those participants who have recently set out on the path and do not have a significant deposit amount, are trying to decide how and which broker will bring them the greatest profit, and pay maximum attention to this issue.

When deciding on the top Forex brokers, it is worth considering that currently there is no targeted legislative framework that would fully regulate those other issues of the Forex market.

Thus, in this regard, there are no differences between brokers. Along with this, determined by how and which broker to choose, it is important to pay attention to more significant, real issues.

And, perhaps, it would be fair to start with such a category of Forex brokers as credibility and reputation.

Forex brokers can earn a positive reputation only through many years of productive work and, be that as it may, in the top Forex brokers it is difficult to “falsify” the results regarding reputation.

Thus, speaking about the question “Which broker and how to choose?” It is important to pay attention to its position in the top list and the time that the broker is on the market and provides services.

An important fact in determining exactly your top broker in Forex is the assessment of comments and reviews on specialized sites. Often, after studying this material, many “how” and “what” disappear by themselves.

It is worth considering that promising options are those Forex brokers who have been on the market for three to five years, effectively survive periods of crisis and remain on the top list for a long time.

It is better not to contact Forex brokers who have just opened and promise mountains of gold. Be that as it may, tempting offers and favorable contract terms are attractive only at first glance. Both win-win offers and high interest rates are nothing more than a lure for a gullible trader. It is absolutely impossible to predict the behavior of such a broker in the near future.

And, on the contrary, brokers who have been on the top list for a long time value their reputation and always solve problems, even complex ones, in favor of traders. When choosing top brokers, it is necessary to take into account that openness and transparency of brokers’ policies is the key to their effective activities and, as already mentioned, their reputation. As a rule, on the official website of such Forex brokers, information about the current situation, goals, structural formation, and financial operations of the Forex broker is always updated. All diplomas, certificates, licenses are open to traders.

Already having the above characteristics, a Forex broker can be considered quite serious and can be trusted with up to thirty thousand dollars.

Top Forex brokers. Best brokerage companies

Currently, among the best top Forex brokers, according to independent estimates, are:

Broker InstaForex

Broker Alpari

The second place is occupied by Alpari, a Forex broker, which has about 100,000 clients and billions in foreign exchange turnover. This broker is perfect not only for an experienced trader, but also for a novice currency exchange trader. The only drawback is the large range with increased market volatility. You can also find a lot of useful information about this top broker here: Alpari, reviews of Forex investors about the brokerage company.

Broker Forex4you

The third candidate on the list of top brokers. The quality of work is comparable to the previous broker, but its arsenal of trading tools is inferior.

Broker MaxiMarkets

In general, this broker is quite decent, but it is worth noting frequent gaps when trading with the main server and significant amounts of the initial deposit (from $500).

How and is it even worth considering a broker’s customer support when choosing one?

This question comes in second place after the definition of reputation. The Forex market is a constantly changing, dynamic model and questions will arise in any case for all traders. In this case, priority should be given to the broker who can provide the trader with all the necessary information through customer support tools. How best to choose positions, how to calculate odds, how to choose indicators, and so on. You can get comprehensive answers to these and many other questions only if the employees of top brokers are well competent.

To determine this issue, you can test a particular Forex broker by simply calling and asking a few questions. You should receive a correct, precise, polite and short answer.

Moreover, currently the true TOP Forex brokers treat regular and profitable clients in a special way. Each of them is provided with a permanent manager who will always accompany the client and regulate his work not only for the benefit of the trader, but also the company as a whole.

A completely logical point of reliability that top-list brokers should have is their ability to process all necessary client transactions over the telephone. Of course, not everyone can be provided with such a service, but if you are an important client and the amount of your deposit is significant, this point is mandatory in terms of choosing a broker.

BEST FOREX BROKERS, ACCORDING TO THE RUSSIAN RATING FOR 2019:

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How and which one to choose a Forex broker?

Speaking of choice, how can we not mention trading conditions. Those brokers who occupy leading positions in the top list are extremely scrupulous about this characteristic, since it is a direct reflection of the effectiveness of work in the Forex market. It consists of several components.

1. Firstly: how and which broker to choose based on account type? For those traders who are just starting to work on the currency exchange, it is important to have a broker. Of course, the number of professional traders at top-list brokers is greater than that of ordinary beginners, however, this is a real opportunity to try your hand, for example, in a new strategy, and prevent the “loss” of real money, even if you have enough of it. Like other brokers, trading in this case is carried out in micro lots. Traders who are accustomed to working “on a large scale” and are familiar with the specifics of the Forex market should pay attention to whether the top broker has the opportunity to enter the interbank level with accounts such as STP or NDD.

2. Secondly: how and which one to choose a top broker based on the size of the deposit? As a rule, serious ones do not limit their clients to the amount of the deposit. As a rule, this applies to both the minimum and maximum amounts.

3. Thirdly: how and which one to choose a top broker for spreads and swaps? Currently, many top brokers offer their clients along with fixed rates. It is worth noting that when choosing a top broker, you need to pay attention to the fact that the fixed spread should not exceed two points for the euro/dollar currency pair. If we are talking about floating spreads, then their values ​​should not be prohibitive, especially at those moments when market volatility is maximum. The same goes for swaps, whatever one may say, they are not important during day trading.

However, if you decide to stick to your strategy for several of your trading days, perhaps weeks (the term months is not excluded), then the choice of a top Forex broker should be directed towards those that have opposite swap values ​​in view of a particular transaction. The ideal option would be a swap-free top Forex broker, of which there are not many at present.

4. Next, how and which top Forex broker to choose depending on the amount of leverage? It is worth considering that professional traders are not inclined to make positive assessments of those top Forex brokers who have maximum performance. The fact is that in this form, margin trading becomes too risky. However, if you are somewhat limited in the size of your deposit, then this type of top Forex broker will be quite appropriate in order to achieve an increase in the volume of your deposit. It is worth considering that the actual amount of leverage today is 1:500, which is provided by most top Forex brokers.

5. How and which top broker to choose based on speed of work? Speed, as we know, is of great importance, especially in the Forex market, where changes and dynamics of the situation occur very quickly. Reducing the speed of processing transactions is a priority for top Forex brokers, and this point should be paid attention to those traders who have not yet decided. How to check the speed of operations of the Forex broker you are interested in? The answer is very simple: just trade on a cent account for some time and then look at the result.

Currently, self-respecting brokers have achieved performance levels of a few tenths of a second. As for such an item as requotes, they will be available exclusively at Forex moments, so if you see situations with frequent requotes at the broker you are interested in, you should change it. Regarding slippage, the situation is similar. If you see frequent slippages from your broker (which are typical with accounts that are executed at market prices), then you should look for another broker.

6. The next question: how and which Forex broker should you choose based on the type of connection with the trading server? The main thing in this matter is stability. If you see that the server is disconnected too often, especially at key moments of the trading session, then the answer lies on the surface. Moreover, the reason in this case is not a significant factor and does not play any role, because as a result, it is you who will lose money.

7. And lastly: how and which top Forex broker should you choose according to its trading platform? It is no secret that currently the most common and widespread trading platform is MetaTrader version 4. Thus, most top brokers offer just this option, along with the ability to trade with MetaTrader version 5, for example, in test mode.

It is also important to be able to provide traders with trading from their mobile device: mobile versions of trading platforms. Currently, such technologies have been developed and are widely available. Moreover, the range and choice in this mode is not inferior to remote trading via a personal computer.

The popularity of automated trading on the Forex currency market is growing rapidly every day. The number of brokers offering their services for trading is also growing. But not all of them are suitable for advisors. And many traders ask the question: “Which Forex broker is the best for trading advisors and experts?” In this review, I will tell you which broker to choose for automated Forex trading and where are the most ideal conditions for using trading robots and algorithmic systems. I have personally worked with the brokers listed below, including using advisors.

Before going directly to the brokers, I will tell you by what criteria this rating list was compiled.

1. Broker reliability. This is the most important criterion by which you need to choose a broker. And it doesn’t matter for independent or automated trading. The broker must be licensed and regulated in one of the countries, hold client funds in segregated accounts, and have insurance for client funds.
2. Trading conditions. This factor plays a huge role when trading with advisors, since the profitability of your trading system depends on it. It happens that your robot shows profitable trading with one broker, and negative trading with another. This may just be due to different trading conditions. The size of the spread, the size of commissions and swaps, the method of submitting transactions to the exchange, the types of accounts with the broker - all this ultimately affects the performance of your system.
3. VPS server for advisors. It is impossible to imagine the stable operation of advisors without a reliable VPS server. You can rent it from a separate specialized company, or use the additional service of a broker, who provides it to its clients for free or for a small fee. By the way, if you decide to rent a VPS from a separate company, then be sure to read review of the best VPS servers for Forex.

So, below are the TOP 7 brokers that are ideal for successful trading as Forex advisors. All brokers are selected for an average deposit from 0 to 1000 dollars. Almost everyone has cent accounts, which are necessary for testing advisors. I recommend opening cent accounts for advisors, and not demo ones, since on demo accounts, with almost all brokers, the quality of quotes is much different from quotes on real accounts.

FOREX4YOU - The best conditions for your experts

Broker Forex4you is rightfully considered an ideal broker for independent trading and trading with advisors. I have been working with this broker for 5 years and have never had any complaints about the quality of work, withdrawal of funds and execution of orders. Perhaps Forex4you is rightfully the best Forex broker for trading advisors.

• Cent accounts using NDD technology. This broker is famous for its excellent performance and quality of quotes on cent accounts. And this is all because transactions on cent accounts are processed using NDD technology (direct access to the exchange without the participation of a broker).
• Low spreads from 0.1 pips.
• Leverage up to 1:1000.
• Availability of swap-free accounts.
• VPS server for an additional fee. The broker offers to use a VPS server for a fee, which starts from 600 rubles per month. In this case, it would be more advisable to choose a third-party VPS server.
• Popular copy trading system. You may ask why is this necessary? For you, as a trader using advisors, this provides an opportunity to earn additional profit. If your advisor shows stable profits, then you can open your account for copying by other novice traders. For each copied transaction you will receive a certain commission. In my opinion, this is a great way to make extra profit in Forex. I talked about the system for copying transactions in a separate review “Share4you - social trading from Forex4you”.

RoboForex - broker with free VPS server

The brokerage company Roboforex initially positioned itself specifically as a broker for trading robots and advisors. Now, of course, there is no such positioning; it is comfortable to trade both manually and automatically. But nevertheless, the broker has a number of advantages that are necessary for trading by trading experts. We can definitely say about Roboforex that this is one of the best brokers for your experts, advisors and robots.

• Free VPS server. Roboforex provides a free VPS server for stable operation of your advisors, provided that the amount in your accounts is at least $300. From experience, I can say that it is advisable to deposit a little more than this amount, since if the equity on your accounts drops below this level, the VPS server will be turned off within 24 hours.
• Cent accounts in 4 currencies. When opening an account, you can choose the currency of the trading account in dollars, euros, yuan and denominated in gold.
• Interest on available funds on the account up to 10% per annum.
• “Rebates (Cashback)” program allowing you to receive a return of 1.5% of the spread.
• Tradable bonus for replenishing your account up to 50 percent.

EXNESS - broker with infinite leverage

Exness was founded in 2008 by specialists in the field of finance and information technology. Over the past 8 years, the company has become one of the leaders in the field of Forex trading. The company stands out for its excellent trading conditions and high quality management.

• Free VPS server. Exness also provides a free VPS server for clients, subject to a trading account balance of at least $500.
• Leverage 1:∞ (infinite). Read more about infinite leverage.
• Spread from 0.1 points for classic and 0.3 for cent accounts.
• Metatrader 5 and MetaTrader 4 terminal.
• More than 80 account currency options.

The brokerage company Weltrade was founded 10 years ago and during this time it has proven its worth. Many traders choose Weltrade because of the company's customer-oriented service and favorable trading conditions.

• Cent accounts from 25 dollars or euros.
• Leverage up to 1:1000.
• Market execution of orders, including on cent accounts.
• Order execution speed from 0.9 seconds.
• VPS server from a broker. Weltrade offers its clients a VPS server for trading with advisors as an additional service. The cost per month is from 7.99 dollars or 510 rubles.

The brokerage company InstaForex is especially popular in East Asia and Eastern Europe, including Russia. The company has proven its level more than once, winning various competitions and receiving awards at exhibitions. Perhaps this is the best broker with maximum bonuses.

• The biggest bonuses. Instaforex stands out for its bonus program, with bonuses for replenishment up to 250% and no deposit bonuses.
• Availability of accounts without spreads. InstaForex, along with regular classic accounts, offers clients Eurica accounts with zero spreads (a small commission is charged instead). For some advisors, the spread value is a fairly important parameter.
• Free VPS server with a total balance on your accounts of $5,000 or more.

Amarkets is the best online broker for your robots

Broker Amarkets, in my opinion, is one of the most reliable brokers in Russia. In this regard, it cannot be ignored and not included in this rating. You can also note the individual approach to each client and the high quality of order execution.

• Free advisors from the broker. Amarkets offers its clients time-tested trading experts that show stable, profitable results free of charge.
• Spread from 0 points.
• Leverage up to 1:500.
• VPS server available for accounts over 20 thousand dollars. In this case, a third-party VPS will most likely be relevant.

Alpari is the best broker in terms of reliability

Alpari is one of the most experienced companies in the Forex industry and the largest broker in Russia. The main advantage of the company, of course, is its impeccable reputation and reliability. Despite the fact that most traders choose Alpari for independent trading or for investment, the company is also interesting for trading with advisors. First of all, due to the fact that several years ago it introduced new Nano accounts.

• Cent account "Nano" in dollars and euros.
• Leverage up to 1:1000.
• Stop Out 10% on cent accounts. This is a particularly important parameter for advisors that provide for large drawdowns.

During the period of transition in the global economy, the profitability of investments such as real estate and deposits falls; organizing your own business requires a lot of time, effort and is accompanied by high risks. Therefore, people are looking for alternative types of investments.

Today, the level of financial literacy of the population is growing, and securities are beginning to attract more and more interest. Individuals cannot directly participate in the stock market. To gain access to exchanges, you need to choose a reliable broker and open an account for trading on the stock market.

Who provides brokerage services

You can open a brokerage account in Russian and foreign organizations. There are companies whose main activities specialize in various types of investments. On the Russian market these include:

• FINAM,
• Opening,
• ZERICH,
• IT Invest.

Recently, more and more commercial banks are ready to offer brokerage services to their clients. One would think that companies that focus specifically on investments, with extensive experience in trading the stock market, would be a priority due to the highest quality of service. But competition forces new participants to provide more favorable conditions to investors, so when choosing a broker, banking offers must be analyzed no less carefully.

Broker selection criteria

Before trusting your money to a particular company, it is important to find out as much information as possible about it. There are probably many reviews from other clients. Basic statistical data, as a rule, is available on the websites of the organizations themselves.

A more objective description of a potential broker will be given by official ratings based on the assessment of international independent financial agencies and the results of competitions among investors conducted by exchanges.

To make a final decision, you must be guided by the following criteria:

• Efficiency,
• Safety,
• Functionality,
• Tariffs and commissions,
• Service comfort level.

At the same time, we should not forget that one investor has the right to open different brokerage accounts based on the needs of a particular situation.

What is effectiveness?

There are many analytical sites that accumulate information about various brokers. Basic information about Russian brokers is contained on the website of the Moscow Exchange, where 2 ratings are regularly compiled:

• Based on the amount of cash turnover involved in trading operations of all brokerage account holders.
• By the number of active clients.

These indicators reflect the company's share in investment. In addition, by analyzing statistical data on the activities of brokers, you can pay attention to the amount of profit, the level of profitability, the number of transactions, and the volume of dividends paid.

Every year the Moscow Exchange holds the “Best Private Investor” competition. The results are public, and preliminary conclusions can be drawn based on the top ten winners. The information about the trader indicates the broker through whom the transactions were carried out. And the best result of clients is an important indicator of a broker’s performance.

What information indicates reliability

When investing their money, any investor wants to be sure that the chosen broker can be trusted and that their capital is safe. All financial companies are assessed by independent international and national rating agencies based on their level of reliability.

The resulting score is the first indicator that future clients pay attention to. Thus, in the rating system of the domestic rating agency (www.ra-national.ru), the highest is AAA, a high level of reliability for companies that have received ratings AA+, AA, AA-. The conclusion is made based on the results of key financial indicators and the reputation of the organization.

In addition to the reporting figures, it is better to check other information about the broker.

• On the website of the Central Bank of Russia, make sure that the company has a license for brokerage activities.
• Using the website of the Federal Service for Financial Markets, find out how long the broker has been operating. A long period of uninterrupted operation speaks of the successful experience of the company.
• Try to find information on the Internet about the owners and managers of the company, information about the provision of financial statements. The presence of such data demonstrates the openness and transparency of the broker.
• Find out whether the brokerage account is insured and what amount is reimbursed in the event of an insured event.

What you need to know about the possibilities

An equally significant factor is how wide the range of broker services is. The more tools and additional offers, the more diverse and profitable transactions can become.

1. Not all companies can provide access to any market (stock, foreign exchange, commodity, etc.). It is important to consider what exactly you plan to invest in.

• Stock,
• Bonds,
• Currency,
• Precious metals,
• Futures.

1. The opportunity to participate in foreign markets expands the range of investment instruments, since the securities of more companies will be involved in trading operations.

1. Many investment companies offer their clients margin to make transactions. Provided there are liquid securities in the portfolio, the broker allows the client to make a purchase in an amount exceeding the amount of funds in the account, as collateral for the securities themselves. This service allows you to make more transactions, which means you can grow your portfolio faster.

What do you have to pay for?

A broker is an intermediary between the private investor and the investment markets. Therefore, you need to pay for maintaining a brokerage account. Tariffs and services vary between brokers, and each of them may offer several options. In addition, it is necessary to take into account other material issues: the size of the minimum deposit, whether the proceeds from the sale of shares are subject to taxation, the process of interaction with the Federal Tax Service.

The main points that are set out in the tariffs:

• Commission on the amount of the trading transaction. It can be expressed as a percentage, or it can be a fixed fee. The minimum commission for one transaction is often set, so an attractive low percentage for transactions with small amounts is not always profitable. In the case of regular large-scale transactions, a fixed payment is cheaper.
• Subscription fee. In some cases, the agreement provides for a monthly or annual write-off of a certain amount, regardless of whether the client participated in the auction.
• Interest when using borrowed funds (in case of margin lending).
• Fees for depositing brokerage accounts and withdrawing funds. The tariffs also specify a limit on the number of transactions for a certain period and the timing of receipt of money to a third-party account.
• Additional commissions. Sometimes in the tariffs you can find reasons such as the absence or low trading activity on the account.

When understanding the tariff parameters, it is better to focus on the attached full document, and not on the extract from it posted on the advertising page.

Ease of use – whim or necessity

The number of companies providing brokerage services is growing rapidly. Therefore, the investor has a large choice, and in addition to financial conditions, the degree of comfort in working with a broker becomes important. To determine whether you will be comfortable using a brokerage account, you need to know the following information in advance.

• How easy and fast it is to open an account.
• Is it possible to contact a company branch directly? The more service points, the more confident the client feels.
• Do you often need to contact the company’s office, or do the options of working in your personal account allow you to avoid many procedures?
• Quality and speed of processing technical issues.
• What are the requirements for a specific trading program? Some programs are paid, functionality may differ.
• How meaningful and professional are the consultations and analytics offered to clients?
• Does the broker provide free educational materials?

A convenient trading platform, clear and prompt interaction with the broker, and timely assistance from the support service have a beneficial effect on the client’s effective activities.

All Internet users have access to the rating of the most famous and reliable companies providing brokerage services. But the choice of a broker is determined not only by the objective advantages of a particular company, but also by the needs of the client himself. This way the list can be limited by the size of the minimum contribution. Tariffs also depend on the amount of investment. The more money the client places in the account, the more favorable the conditions the broker offers.

For some investors, access to international markets is essential. Some people are not ready to pay a higher commission for a more convenient trading platform. Therefore, everyone determines the most important criteria for themselves.