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Home / 6 Best Forex Broker Platforms in the World to Choose from

6 Best Forex Broker Platforms in the World to Choose from

What is the meaning and what are the criteria for the best forex broker? Forex is a financial instrument with the largest trading value in the world, surpassing stocks and other instruments. Forex market investment is also large in Indonesia, especially with the proliferation of online investment developments. It's just that before investing in forex, of course you have to know how to choose the best broker.

Forex brokers are parties who can serve retail transactions that will arrange for each individual trader to be able to make forex trades by forwarding requests from these traders to larger brokers until each trader's requests can be accommodated in the forex market. Forex brokers can be companies, institutions, agents, or individuals.

1. Gainscope

First, there is Gainscope which has been established since 2002 and is based in Singapore. This forex broker supports MetaTrader4, Android MT4, and Mobile trading platforms, and has Indonesian language.

It's just that Gainscope is not recommended for beginners who want to learn trading because to make an initial deposit requires a minimum of $250 or around 3 million rupiah. The amount is quite decent and you should just open a demo account.

Features of the world's best forex broker Gainscope:

Lots starting from 0.01 lots
Regulated by CFTC, NFA, MFSA
Spreads from 0 pips
Mobile and tablet trading
Accepting USA traders
Credit/debit card deposit methods, wire transfer, and PayPal.

2. OctaFX

OctaFX has been around since 2011 and is based in Saint Vincent and the Grenadines. One of the best forex brokers in the world 2020 already supports the Indonesian language so you can trade without language barriers.

OctaFX supports various platforms ranging from MetaTrader4, android mt4, and mobile. You can also open a demo account to learn to trade. But if you feel proficient and want to open a real account, you must prepare a minimum deposit of $5.

OctaFX 2020's best trading app features include:

Smallest lot 0.01 lot
Regulated at IFSA, 19776 IBC 2011
50% deposit bonus
Floating spreads from 0 pips
Deposit methods use local banks, wire accounts, moneybookers, perfect money, visa/mastercard,phasepay, cashU, and internal transfers.

3. Financial Broker Success (FBS)

Financial Broker Success (FBS) is also a trusted and best forex broker today. Many traders from all over the world have used it, including Indonesia. This broker already uses Indonesian language so that local traders will not be constrained by language.

Features of the best forex brokers 2020 Financial Broker Success:

Smallest lot 0.01 lot
Minimum deposit $1
Regulated by crfin, Cysec, IFSC
Free demo account
100% deposit bonus
From 0 pips
Supports trading via smartphones and tablets
Deposit methods can be through wire accounts, local banks, credit/debit cards and many more.

4. XM

The next best forex broker in the world is XM which has its head office in Cyprus. This XM broker is a subsidiary under the auspices of Trading Point Holding Ltd. The company is a financial investment service provider based in Cyprus.

XM Broker was officially established in 2009 and is also trusted by many traders from all over the world including Indonesia. This broker has a Metatrader trading platform and also provides Indonesian. Not only that, this 2020 best trading application also supports mobile and tablet platforms.

Features of the world's best forex brokers 2020:

Smallest lot 0.01 lot
Minimum deposit $5
Free demo account
15% promo bonus
Regulated by FCA UK, CySEC, BaFin, ASIC
Spreads from 1 pips
Deposit methods ranging from Western Union, wire transfer, webmoney, Fasapay, credit/debit cards, and many more.

5. HotForex

HotForex is a broker based in the Caribbean and is one of the largest brokers in the world in terms of daily volume. This broker provides various platforms ranging from web, mobile, and also Mac with the MT4 program. HotForex is known for its security system of client funds which has won them several awards.

HotForex world's best forex broker features:

Regulated by CySEC, FSC (not available for US customers)
Type: STP
Minimum deposit: $5
Leverage up to 1000:1
Country: St. Vincent & the Grenadines
Supporting Instruments: Commodities, Stocks, CFDs, Indexes.

6. Tickmill

Tickmill is one of the most trusted trading sites that was founded in 2014 so it is relatively new. This international broker is widely trusted by traders to trade. Tickmill has 2 trading platforms namely Metatrader and Webtrader. The minimum deposit here is around $25 or around 350 thousand, so beginners must learn before opening a real account. But if you want to open a demo account here, it doesn't matter because it can be used for learning.

Tickmill's best forex broker features:

Supports English and Indonesian
24-hour support via live chat, email and phone
Smallest lot 0.01 lot
Regulated by FCA UK, FSA (Seychelles)
Spreads from 0 pips
Free demo account
Deposit methods via wire accounts, credit/debit cards,phasepay, and many more.