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Best Forex Brokers In Europe 2023
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Best Forex Brokers In Europe 2023
The low spreads, no-dealing desk ECN pricing, low trading costs, top-tier trading platforms, CFDs offered, execution speed and range of funding methods combine to make Pepperstone the best forex broker in Europe. Although headquartered in Melbourne, Australia, Pepperstone is regulated by various financial authorities around the world.To get more news about best forex brokers in europe, you can visit wikifx.com official website.
The broker serves the needs of European forex traders through its UK branch which is regulated by the Financial Conduct Authority (FCA). The broker is also regulated in Germany and Austria by BaFin in Cyprus by CySEC. Outside of Europe and the UK, Pepperstone is overseen by the DFSA in Dubai, CMA in Kenya and the SCB in the Bahamas.Using a broker with tier-1 regulation means you are using a broker that has measures to protect the integrity of their trading operation of their clients and systems in place to ensure clients’ funds are safe.
Forex Trading With Spreads From 0.0 PipsAt Pepperstone, European traders can benefit from forex trading with spreads starting from 0.0 pips. The average spread on the most popular currency pairs is 0.16 pips on EUR/USD respectively 0.4 pips on GBP/USD – found on the Razor trading account. The table below compares European forex brokers with the lowest spreads.
On top of the charged spread, Pepperstone has a rock-bottom commission rate from USD 3.50 for one standard lot traded or EUR 2.61 for the EUR-based trading account.3 Powerful Trading PlatformsMetaTrader 4, MetaTrader 5 and cTrader make up the suite of trading platforms offered by Pepperstone. The trading terminals are supported across multiple devices including desktops, browsers and mobile Apps. The unique trading features and tools included help beginner traders and professional traders eliminate the market noise and make decisions on the spot.Also, the trading platform boasts a reliable high order execution speed of 85ms. The graph below compares the best forex brokers in Europe and the tested order execution speed using MT4 market orders.
Commission And Commission-Free TradingIf you want to trade on the foreign exchange market, you need a brokerage trading account. At Pepperstone, you can choose between two account types – the Standard account and Razor account.
Standard AccountThe Standard account charges no commission, meaning the main trading cost you’ll run into is the bid-ask spread.
This account is a safe choice for beginner traders as traders don’t need to concern themselves with commission costs which can be confusing when calculating costs.
Razor AccountThe Razor account comes with commission costs of USD$3.50 side-trip or $7.00 round-turn for each standard lot (100,000 units) you trade on top of the spread. If you are looking for lower fees, then this account is the best choice. While all traders can use this account, this account is most popular with experienced traders.Pepperstone tops all European forex brokers and stole the first place. The top-notch financial services offered by this FX broker include low spreads, a good selection of trading platforms, lightning-fast order speed, a low entry barrier and a dedicated trading account with zero commissions. Claim your free demo account by clicking the button below.