ForexBrokers.com 2017 Annual Forex Broker Review
Fellow Traders and Investors,
Today, I am honored to publish the inaugural ForexBrokers.com Forex Broker Review for 2017.
It has been incredibly inspiring to lead research for this work, because as Financial Technology (FinTech) continues to evolve rapidly, it is no easy challenge to stay fully informed about all the products available from all forex brokers. Nevertheless, this is the standard we continually aim to maintain at ForexBrokers.com.
The core of our mission statement is “empowering traders,” and we achieve this by providing the information you need to select a forex broker. This is the driving force behind what inspires me every day.
I have been on both sides of the trading spectrum: as a trader (investing) as well as working at online forex brokerages (as a licensed representative). I have spoken with thousands of traders over nearly 20 years in the industry and understand the evolving challenges market participants face.
Over the past seven months, I have spent hundreds of hours collecting over 5,000 data points across 20 international forex brokers. The goal was simple: conduct rigorous testing and analysis to develop a clear perspective of the forex brokerage industry. It has been an insightful and rewarding journey I am delighted to share with you.
Following the investigative research approach used by our sister site, StockBrokers.com, for each broker, I examined 255 variables across seven key categories: Commissions & Fees, Platforms & Tools, Mobile Trading, Research, Customer Service, Education, and Offerings of Investments. This analysis enabled us to rate and rank each broker and make the results easy for you to quickly review and compare.
To find the forex broker that best matches your needs, start with the “Best in Class” category list below, which provides an overview and ranking of recommended brokers based on aspects that matter to you most. Then, read a full-length review and compare features side by side using the comparison tool to finalize your broker selection.
Global Director of Research
Best in Class
Our “Best in Class” awards highlight the top five forex brokers for eight categories. Each category winner is displayed below its respective section label. Click on a category name to view all five winners and read additional commentary.
Best in Class for:
Forex Broker Reviews
All forex brokers were assessed on 255 total variables different variables across seven core areas: Commissions & Fees, Offering of Investments, Platforms & Tools, Research, Customer Service, Mobile Trading, and Education. Read full length forex reviews including commentary, ratings, images, feature lists, and detailed commission notes.
Each year forex brokers stand out for going “above and beyond” in the areas that matter most to clients. To recognize these FX brokers, we distribute industry awards. Here are the 2017 winners.
#1Desktop Platform Dukascopy JForex3
#1Web Based Platform SaxoTraderGO
#1Smartphone App thinkorswim
#1MetaTrader Broker FxPro
#1Platform Technology thinkorswim
#1Trader Community Dukascopy
#1Social Trading eToro
#1Most Regulated IG
#1Most Currency Pairs CMC Markets
#1VIP Client Experience Saxo Bank
#1Banking Services Swissquote Bank
#1Phone Support XTB
#1Email Support Pepperstone
#1Live Chat Support eToro
2017 Forex Broker Rankings
In total, 5,239 data points were gathered to rate and rank twenty forex brokers. To determine an Overall winner, we weighted each category as follows:
- Commissions & Fees (18%)
- Offering of Investments (20%)
- Platforms & Tools (20%)
- Research (15%)
- Customer Service (14%)
- Mobile Trading (12%)
- Education (1%)
Disclaimer: It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBrokers.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokers.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information.