If you are keen to get stuck into trading forex online it is essential that you find yourself a top forex broker. Whilst a fool-proof trading plan is a key aspect of achieving forex success, having a forex broker who understands your needs and is willing to act in your best interests is equally crucial.

ForexSpace has compiled a list of the top forex brokers available on the net to help you with the difficult task of finding the best broker for you.

Eight Of The Best: Top Forex Brokers – In No Particular Order

Forexyard – This online broker offers its services to traders of all levels, the world over. A belief in “building a relationship with each and every client” is what has driven this seven-year-old company towards transparent and user-friendly software which allows the trader to get on with the most important tasks of the day with minimal fuss. By all accounts, this broker is best suited to those traders with $1,000 or more to trade. So-called, ‘mini-accounts’ are easy to use, with minimum $100 deposits and generous leverages on offer; ideal for the newbie trader.

Plus 500 – One of the top forex brokers currently operating in the UK, Plus 500 offers round-the-clock trading on a wide range of markets including equities, commodities, indices and forex. A 24/7 customer service desk is also on hand to deal with any queries which arise. This is a broker for the organised and orderly amongst you, with dedicated tabs awarded to each service offered to the trader. Regulated by the FSA, you can be sure of an efficient and reliable service. With a minimum deposit of €100/$100 and a free, unlimited demo trading account, this easy-to-use broker is great for the novice trader.

Hantec Markets - This broker is particularly well-suited to the professional forex broker and operates on the MetaTrader 4 and Currenex platforms. The benefits of Currenex being that you will have access to an ECN (electronic communications network), complete with some of the advantages offered by access the interbank market with access to pending order details and liquidity. The downside? Only accounts of $25, 000 + are welcome with Currenex. Meanwhile, the MT4 offers perfectly functional features for those of us who would rather open a small account, of around $1000. One of the top forex brokers around for major pairs trading, but do not expect too much in the way of exotic pair support.

Alpari (UK) – Perhaps one of the best known forex brokers in the world, Alpari are true global giants. The broker’s sheer size and financial backing brings its benefits to traders of all levels, with minimum account deposits of $200 and access to the popular MT4 trading platform. As for downsides? The company’s size plays a duplicitous hand when it comes to its colossal size. Access to customer service is often more difficult than with smaller brokers but only you will know whether this is a service you frequently rely upon.

Easy Forex - Perhaps the most attractive feature of Easy Forex - for novice traders seeking the top forex brokers for their needs - is the opportunity to start an account with less than $50. The broker’s demo account allows users to buy and sell in a straightforward manner, with no need to download complicated software (and less risk of glitches ruining your trades just at the wrong time). This also allows you to trade from any location in the world. One point to be aware of: when you continue each day-trade to another day, a charge is created. If you do not have those funds inside your account, the broker will subtract it out of your credit-card without prior warning.

eToro - The key difference with eToro as one of the top forex brokers around, is that it functions as a social trading broker. A ‘chat’ feature allows traders to interact with each other, giving young traders the chance to learn with experienced traders and affording experienced traders the chance to enhance their combined knowledge and gauge market sentiment. A wide array of payment options are also on offer, making it very convenient for clients to deposit and withdraw money from eToro.

Vantage FX - Based in the heart of the City of London, this broker provides traders with educational content, guides and blogs as well as a fully functional trading platform. Place orders and make trades whilst staying up to date with the latest market commentary, daily currency highlights, weekly video content and booking your place in the audience of weekly webinars. Forex forums speak volumes of this particular brokers capacity for friendly customer service, making it a good choice for a trader who wants to stay in touch with their brokers in a more direct and personal manner.

ActivTrades PLC. - One of the nation’s top forex brokers, providing access to forex and commodities trading. Registered with the Financial Services Authority (FSA), ActivTrades offers user the MT4 and 5 platforms from which to launch their forex trading career, along with access to the world’s major futures exchanges. Be aware - customer support is only available Monday to Friday. 

Sarah Cox, Writer