This article is about the top forex brokers in the market. In forex trading there's a few brokers that stand out from the rest and they are Sax Bank and Gain Capital Trading. Both are huge brokers and have the market cornered. Both offer trading in stocks, bonds, derivatives, commodities and forex. Both have great customer support and reliable and advanced trading platforms.
So is there really any reason not to choose one of them as your forex broker? Well, do you have $100,000 to deposit, because that's the kind of money you need to trade directly with either broker at decent rates. Sax Bank do offer a forex account with only a $2000, but you will pay so much in commission and fees, that it will likely not be feasible to trade with that amount. Gain Capital requires $100,000 to open a trading account. They also run Forex.com, which has a much smaller minimum deposit (only $250), but they don't seem to be popular with traders online. Too expensive, the thing is, these two brokers are aimed at institutional and professional traders. They're not aimed at smaller private traders. In fact, you could get the impression that the high minimum deposits and fees is a deliberate attempt to discourage smaller investors and focus on the big players. Nothing wrong with that of course. It just doesn't help you.
But where do you go if you don't have that kind of money? There are a lot of brokers available. If you read reviews online then there are two things you're invariably going to run into: The very positive and the very negative reviews. Forex is a very competitive market and even though it can't exactly be proved, it wouldn't be too much of a stretch to think that forex brokers spend some of their marketing budget on 'reputation management'! Just keep in mind that things are most likely not as bad or as good as the reviews claim. To find the top forex brokers, you'll have to try for yourself.
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