The Popularity Rankings below are determined by a combination of the broker’s website popularity, both in terms top 5 us forex brokers website traffic and links to the website from other places on the Internet, and the number of individual trader ratings. We are not trying to determine the largest broker as in total trading volume but rather the broker that has the most interest to the greatest number of individual retail traders. Popularity Rankings are presented for informational purposes only. Best Online Forex Brokers does not recommend online forex brokers based solely upon popularity.
Clicking on the icon will show or hide the additional languages available. Clicking on the broker name before the language will bring you to their site in that language. When possible, clicking on the Regulatory Authority will direct you to the regulatory authority’s site on either the page for that broker, a list of brokers licensed by that authority, or to a page where you can do a licensed entities search. Saxo Capital Markets Agente de Valores S. X Trade Brokers Menkul Degerler A.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. While the SNB event had major consequences for retail forex brokers, there were other long term trends that also contributed to the big changes in volumes at major brokers. CHF pair that followed SNB’s decision to remove the Euro peg of the Swiss Franc had different consequences for brokers.
Some of them weathered the storm without a scratch while others lost millions of dollars. Another big name that was affected is FXCM. 300 million in order to continue operating. The bailout from Leucadia was insufficient for FXCM to avoid its downfall as the company suffered irreparable damage to its reputation. Two years later, in February 2017, FXCM announced the sale of its US client base to Gain Capital and the withdrawal from the US market.
Saxo Bank is also believed to have suffered up to 107 million in losses from the SNB move, but in the end it managed to survive the event without much damage thanks to its very strong stocks trading and CFD business. There are also clear winners from the SNB shock. Brokers like IC Markets, Direct FX, Oanda, XM, Hot Forex or Forex. Direct FX was the first broker to pay the client’s debt caused by the event. Overall, what represented the demise of Alpari UK and FXCM was a huge opportunity for other brokers, who were proven to have better hedging and protection systems in place.