Since this blog started, I’ve received a lot of emails from readers. Thank you all. Many of them are with questions, covering broad subject of Forex trading. I try to answer them all, even if sometimes it doesn’t happen right away. Unfortunately, I don’t have all the answers. Among the many topics touched in emails, as well, as comment sections, is one regarding Forex brokers. Typically they are something like “Which Forex broker is the best”, or “Can you recommend a broker?”.

I don’t feel very comfortable recommending a broker. I have accounts with four different ones and over the years also traded with four others, two of which are no longer in business. This is a relatively small sample of what is available, so my personal views are, at best incomplete. Besides, it seems that every time I turn computer on, an add from a broker I never heard about pops up. This field keeps growing fast, although not in USA, where industry consolidation is still under way.

Trader looking for a broker might what to check out websites which publish reviews of Forex brokers. They compare many aspects of services offered, such as spread, charting, customer support etc. One of the most comprehensive and in depth review lists I found is on www.forextradingzone.org. List contains at least 20 brokers and reviews them in great details. As a matter of fact, reviews are increadibly fastidous.

On another page that website offers direct comparison of brokers by pairing them against one another. Ratings are assigned in a star system, and most features are covered. Very handy set up. I recommend visiting this site to anybody looking for a broker. Even traders who already have accounts might want to take a look and see how their broker compares with others. Information is free, so check it out.

Mike K.