With an average turnover of around US$4 trillion every day, the foreign exchange market is the largest and most traded financial market in the World. It's a decentralized global market place, where it's possible to buy and sell currencies. If you're a trader looking to turn this into your cash cow, it's vital to use a broker that you can trust with your money, and this is where we come in.
Founded in January 2015 by Steffen Nielsen, TopForexBroker.net is a service that offers up to date, comprehensive Forex broker reviews. Steffen is a professional trader who has been Forex trading for more than a decade (4 of those years full time) and would like to share his experience with traders from around the World. As you may well know, not all Forex brokers are created equal and popularity is always shifting from one to the other. By using this website, you'll be able to learn why, and make a well informed decision on who to trust with your hard earned money.
There are new Forex brokers arriving on the market on a daily basis, and many of them don't have your best intentions in mind as an online trader. Using his own personal experience as a Forex trader, Steffen stays current with the market and will help you figure out who the best online brokers are at any one time. This doesn't just include the top Forex brokers, but relatively new companies with a proven track record and a lot of promise. You can also contact Steffen directly and ask if he has any advice, or if you'd like to share your own experience as a trader.
Some might say that we have come a long way from bartering for goods based on the value of our coin, but the foreign exchange market is still a bustling entity – albeit an ever more digital one. Brokers act as intermediaries between traders and "Interbank" – which refers to the networks of banks that trade with each other. As mentioned, not all brokers are created equal and each will offer different leverage amounts (anywhere from 10:1 to 100:1), and may charge on commissions or spreads. Our reviews look at these factors are more, such as:
The World's currencies are changing all the time, and for many it's possible to predict when a country's currency is going to become stronger or weaker. This is especially apparent after the recent financial crises, with each nation scrambling to pick themselves back up. As a result there are a lot more discussions about industry (including lending and borrowing), and the cards are often laid out on the table for all to see. If you haven't started trading Forex, there has never been a better time. Let us help you find the best online broker for your budget and trading style.