Online trading through broker sites has become increasingly popular in recent years, a process that has been made more accessible by easy sign-up processes, low deposits and mobile trading apps. Choosing a safe online broker is the first, and possibly most important, step for a new online trader.
Broker Info Best In Customer Satisfaction Score
#1 ForexTime LogoYour capital is at risk Founded: 2011 Global CFD & FX Broker
Number One Broker
BEST FOREX BROKER Visit broker
5
#2 BlackBull Markets LogoYour capital is at risk Founded: 2014 Global Forex Broker
Number One Broker
BEST SPREADS Visit broker
4.8
#3 66% of retail CFD accounts lose money Founded: 2014 Global Forex & CFD Broker
Number One Broker
Best Trading Conditions Visit broker
4.9
#4 Forex Broker eToro Logo67% of CFD traders lose Founded: 2007 Global CFD & FX Broker
Number One Broker
ALL-INCLUSIVE TRADING PLATFORM Visit broker
4.9
#5 Forex Broker Pepperstone LogoBetween 74-89 % of retail investor accounts lose money when trading CFDs Founded: 2010 Global Forex Broker
Number One Broker
Low minimum deposit Visit broker
4.9

    Why You Need to Pick a Safe Online Broker

    All the top online trading brokers will offer a variety of benefits and bonuses to draw you in, but the best online brokers are those who are fully licensed and regulated, and offer various protections to their customers. Without these protections, it is easy to lose your money or fall prey to a scam.

    How to Find a Safe Online Broker

    Do your research thoroughly. Check that your broker is licensed and regulated in the jurisdictions they operate in. Find out if they are a member of the Investment Compensation Fund (ICF). Ask if they offer negative balance protection and secure encryption of your personal data. It is also a good idea to read broker reviews, both in the industry press, and from real customers online.

    Can You Trust Top Online Brokers?

    Remember that the most talked about brokers are not necessarily the safest. It is easy to deceive people on the internet, and some “top” online brokers may not be what they seem. They could well be running a scam by paying websites to create fake reviews, or perhaps pay bloggers and editorial sites to post links to their sign-up pages.

    Don’t be fooled into investing with dubious online trading brokers. Do your research, and check those licences to ensure they are fully regulated.

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    We Only Work With Safe Online Brokers

    Here at Forex Fraud, we want to protect you from disreputable online trading brokers. We only work with brokers that we have researched, brokers that follow best industrial practices and are fully compliant with regulations. Explore our onsite resources to find a safe online broker.

    You will still have to look at the various benefits each broker offers, to ensure you pick the best provider for your individual needs and requirements, but you can rest assured that we will only recommend trusted, reputable, safe online brokers.

    Stay smart

    It seems obvious that picking a safe online broker is the key to protecting yourself when trading online, but it is very easy to be taken in by brokers who seem to offer a lot of benefits, or an attractive sign-up bonus. Stay smart, do your research, and ensure you pick a safe online broker that meets all your needs.

     

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