The top forex broker should have a number of strong points (or pros) that make them stand out from the competition. These include: a wide range of products; low spreads and commissions; easy-to-use trading platforms; educational resources and training; customer support; regulatory safeguards; trustworthiness and more.

One of the most important factors to consider when choosing a forex broker is whether or not they are regulated by a top-tier financial authority. This ensures that the broker is held to a high standard of transparency and adheres to strict financial regulations. Examples of top-tier regulators include the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Conduct Authority (FCA) in the UK, and CySEC in Cyprus.

Top Forex Trading Platforms: Key Features and Reviews

Other things to look for in a good forex broker include whether they offer a demo account and how easy it is to use. Demo accounts allow traders to practice and learn the ropes without risking real money. It is also worth checking whether the broker offers segregated funds, which means that client funds are kept separate from company funds. This is a requirement for brokers regulated by FCA and CySEC, and should be a mandatory feature of any reputable forex broker.

IG is a forex broker with a solid reputation for education and research, offering traders the chance to learn and practice before starting trading. Its platform suite is robust, with multiple account types and access to a wide range of CFD markets and forex pairs. Its fees are competitive within the industry, and its emphasis on functional simplicity makes it well-suited to beginner traders.