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Traders Union experts published the results of their own research and named the top 10 Forex brokers regulated by CySEC (Cyprus Securities and Exchange Commission).
Compiling the rating, analysts focused on reliability, user convenience, and the number of trading instruments. Trading conditions and costs were taken into account too. The top three included IC Markets, Exness, and eToro.
IC Markets
IC Markets was established in 2007 in Sydney, Australia. In 2009 the broker already had a CySEC license, which testified to the rapid and effective development of the company. Today IC Markets is remarkable for many advantages, namely:
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instant execution of orders;
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support for all trading strategies and styles;
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intuitive trading platforms with additional tools;
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the lowest spreads and commissions;
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round-the-clock availability of customer support service;
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no fees for depositing and withdrawing funds.
IC Markets also has some disadvantages. The broker demands a rather high minimum deposit of $200. IC Markets is not available for USA users. But in general, this broker is worth the trader’s attention. More information can be found via source link.
Exness
Exness has been active in the Forex market since 2008. CySec licensed the company in 2013. The company's philosophy is based on three principles: transparency, honesty, and reliability. Regular and rigorous audits help Exness to improve the quality of services provided. Exness traders can trade with more than 50 currency pairs as well as trading in gold and silver - in fact, this is a standard set of trading tools for a Forex broker.
Exness provides access to trading through MT4, MT5, Webtrader terminals, and mobile applications (mt4, mt5). Exness offers 4 types of accounts: Cent, Mini, Classic, and ECN. The broker is suitable for traders with any level of skill.
eToro
eToro is a broker that focuses on traders’ safety and security. The company pays significant attention to the standards of cybersecurity, and client’s funds are stored on segregated accounts. eToro offers access to its services from any corner of the world and from any device. In addition, eToro offers a multi-active trading platform with the support of stocks, ETF, Forex, crypto, indices, etc. eToro gives a lot of opportunities for social trading and copying the best traders. Muslims can open halal Islamic accounts with no swaps. Like most of the brokers from this list, eToro offers low spreads and favorable trading conditions.
To see the rest of brokers, recommended by Traders Union, traders should visit an official Traders Union website.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.