In difficult economic times, the issue of generating additional income is particularly relevant. In recent years, there has been a growing interest among citizens in trading currency pairs and other financial assets. A brokerage company is an intermediary between the user and the financial market. Hundreds of companies with different conditions of cooperation offer their services nowadays.
To get a good start in trading, it is important to choose a reliable broker with attractive terms, reasonable commissions and an opportunity to acquire basic trading skills. MOFT experts have analyzed several dozens of brokerage companies and made a rating of the Forex brokers offering optimal conditions for the beginners. Using this information, you can save time and choose a brokerage platform that best meets your financial objectives.
Companies with an official license from the European Central Bank publish financial statements that reflect their activities. For example, forex dealers have recently reported for the last quarter of 2022. All forex companies presented below have received their evaluation based on our personal opinion and feedback from some of the portal's readers. Please note that this assessment is in no way a confirmed fact, but rather a recommendation for visitors of our info resource. List of forex brokers is created for simplified search of the best dealing company for private exchange trading.
The best deposit bonuses
A deposit bonus or a top-up bonus is one of the brokerage promotions to attract new clients. The essence of such a promotion is that when a client deposits an account opened with a particular company, together with their own real funds, they receive a bonus as a percentage of that amount. Brokers with instant deposit can help to expand the trading possibilities of a beginning trader. The amount can range from 20% to 200%, depending on the amount deposited. With rare exceptions, a much larger bonus is also offered. But there is not much the client can do with it as in most cases the bonus can only be used as a collateral, i.e. one cannot go into deficit with these funds.
Before you take the bonus, you must clarify the conditions for its use. The larger the amount, the more likely it is that the bonus will not contribute to the drawdown (when one's own funds are in deficit and the bonus level is reached, the bonus is cancelled and there is nothing left in the account). But sometimes brokers are ready to give deposit funds for full trading. A distinction is made between a deposit bonus for the first deposit and for subsequent deposits.