For novice Forex traders, choosing a reliable broker becomes one of the main issues. The financial situation of newcomers does not allow them to work by trial and error, to open deposits at several dealerships, so you have to rely on the analytical activities of experts, reviews of experienced traders.
An independent rating of Forex brokers in 2020 is based on a thorough analysis of key indicators and real feedback from clients of dealing centers on neutral otzoviki.
Best Forex Brokers of 2020
1. Alpari Limited
Official site: https://alpari.forex/
An international broker began real work in the Forex market during a period of severe crisis. On the international market, an offshore company registered in St. Vincent and the Grenadines experienced ups and downs. But in the Russian market, the most reliable Forex broker has been working steadily for 20 years. Novice traders do not need to confuse the Alpari Limited dealing center with the Alpari Broker company, which worked in the stock market. The activities of the subsidiary, which the Central Bank of Russia revoked the license, was not related to the Forex market.
For twenty years of activity (the company really works since 1999, with formal registration in 1998), the broker has gained international authority, representative offices have been opened in Belarus, Ukraine, Moldova, Kazakhstan, and Uzbekistan.
Significant advantages of Alpari conditions for traders should be recognized:
- minimum deposit of $ 1;
- ECN accounts giving access to interbank liquidity;
- several language supports;
- extensive analytics;
- non-traditional currency pairs (including - AUD / CAD, GBP / SEK, USD / TRY, GBP / SGD, USD / DKK, NZD / JPY, EUR / NOK);
- telephone dealing;
- an abundance of webinars;
- Dow Jones streaming
- various service packages.
The official title of "Best Forex Broker" in Russia is not assigned. But the regular, for fifteen years, Alpari Limited getting into the top three Russian leaders gives the right to an international broker to claim such a title.
2. ForexClub (FX Club)
An international broker operating in the CIS, began operations in 1997. FX Club is registered in offshore St. Vincent and the Grenadines. In addition to Russia, the group of companies is popular in Ukraine, Armenia, Kazakhstan, is included in the register of the National Bank of Belarus.
Trading conditions and differences:
- minimum lot - 1000 units of deposit;
- zero spreads and commissions;
- a wide range of trading instruments (including stocks, metals, energy, the Russian ruble, cryptocurrencies);
- Libertex own trading platform;
- choice of leverage with a maximum of 1: 600;
- international certificate ISO 9001;
- numerous training programs;
- great forum.
The FX Club is included in the ranking of the best Forex brokers regularly; over the past decade, the company has received the "Best Broker of the Year" award several times.
3. FxPro
The international broker FxPro operates in 170 countries and is authorized in financial supervision departments and securities commissions in the UK, South Africa, Cyprus, Dubai, and the Bahamas. The main differences of the company, headquartered in London, are tier 1 equity (100 million euros), six classes of trading assets, and an external audit by British lawyers.
Trading conditions:
- minimum deposit of $ 100;
- fixed spread of the EUR / USD pair (1.5 pips);
- floating spreads of other pairs according to market conditions;
- withdrawal of funds to Mastercard, Visa;
- traditional trading terminals and own mobile application;
- a large set of trading tools.
Our 2020 Forex brokers rating put FxPro in third place due to financial stability, international authority, quick payments, and the minimum number of reasonable negative reviews.
4. Forex4you
An international broker registered in the Virgin Islands confirms its reliability with a FSC license. In Russia, the dealing center has been operating for more than ten years, regularly getting into the top ten brokers. Working with traditional MetaTrader terminals, Forex4you offers traders the following trading conditions:
- minimum deposit of $ 1;
- unlimited demo mode;
- floating market spreads;
- three deposit currencies (US dollar, ruble, euro);
- minimum leverage 1: 1;
- maximum loan 1: 1000;
- a wide selection of trading instruments (including commodity raw materials, cryptocurrencies, energy carriers).
The differences of Forex4you include active work with PAMM accounts, the absence of restrictions on robotic trading, the constant expansion of trading instruments, and the quick withdrawal of profits.
5. RoboForex
The international broker RoboForex, registered in Belize, has been working in Russia for ten years. During this time, the dealing center has significantly expanded the list of trading instruments, the analytical section. Last year, RoboForex offered traders the following trading conditions:
- minimum deposit of $ 1;
- 1 cent lots on micro accounts
- loyal verification;
- floating spread on the main currency pair EUR / USD;
- Promotion "No Deposit Bonus";
- maximum leverage of 1: 1000;
- fixed spreads of accounts Fix-Standart;
- access of ECN accounts to the interbank market with small commissions;
- copying transactions of experienced traders.
Like other most reliable Forex brokers in Russia, RoboForex company receives a minimum number of real negative feedback on the speed of payments, the size of commissions.
6. FinmaxFX
The young FinmaxFX broker has been working in Russia since 2015. The activities of the dealing center are subordinate to European directives, certified by the CROFR. Working with popular trading terminals and their own mobile applications, FinmaxFX broker offers traders the maximum leverage by European standards (1: 200), the minimum deposit of $ 100.
Non-standard trading conditions include:
- narrow spreads (1 point for VIP clients);
- a set of trading instruments (more than four hundred assets);
- swap trading;
- daily webinars;
- deposit protection system;
- large database of training materials (books, videos, economic calendar, news blog);
- original bonus programs.
Despite a short period of activity, FinmaxFX is in the top six Forex brokers of 2020 in sixth place, its rating is constantly increasing.
7. Finam
Finam Forex Company operates under Russian law, licensed by the Central Bank of the Russian Federation. The authorized capital of 143,000,000 rubles allows the broker to calmly survive the turmoil of the financial market without stopping the payment of profit to traders. Last year, the broker offered traders the following trading conditions:
- twenty seven currency pairs;
- leverage 1:40;
- several trading terminals (including TRANSAQ, QUIK, FinamTrade platforms, mobile applications)
- large sizes of minimum lots (not less than 1000 units);
- deposit and withdrawal of money by bank transfer.
Many of these conditions are not suitable for novice traders. But Finam Bank positions its Finam Forex subsidiary as a dealing center for experienced financial market players.
8. NordFX
Having been working in the Russian Forex market since 2008, the NordFX international broker, after tightening the legislation of the Russian Federation, has reduced its position. But many experienced traders continue to work with NordFX and recommend it to beginners in reviews. The company has earned such a reputation for its impeccable history of payments and resolution of conflicts with customers. Last year, the NordFX dealing center offered traders the following trading conditions:
- minimum deposit of $ 10;
- fixing and floating spreads;
- simple registration and verification (only passport);
- leverage close to the maximum on the market (1: 1000);
- 100% deposit bonuses;
- various news, reference, analytical information.
NordFX was ranked 8th in our ranking of Forex brokers in Russia, but its potential is much higher. MasterForex Academy put it on the first places of its own ratings seven times. The decrease in the rating positions this year is due to the lack of a license from the Central Bank of Russia.
9. Grand Capital
For six years of work in the Russian market (since 2013), Grand Capital has earned a reputation as a reliable broker. The agreement, which the trader signs during registration, provides for the return of the deposit in case of bankruptcy of the broker (from the compensation fund), compensation for grounded complaints to the Estonian regulator (up to 20,000 EUR).
Trading conditions of the broker Grand Capital:
- minimum deposit of $ 10;
- perpetual demo trading;
- maximum leverage (1: 2000);
- available deposit of ECN accounts ($ 500);
- familiar terminals (MT4, MT5);
- extensive analytics, reference sections.
According to traders' reviews, Grand Capital is distinguished by its speed of paying out profits, quick resolution of conflicts with customers, and impeccable technical support.
10. Alfa Forex
The top 10 Forex brokers in Russia are completed by Alfa-Forex, licensed by the Central Bank of the Russian Federation. The requirements of Russian law limit the broker, but the financial support of the parent bank guarantees the stability and reliability of the dealing center. Alfa-Forex company offers Russian traders:
- Independent Alfa Bank Account
- eleven currency pairs;
- fixed leverage 1:40;
- fixed spread (from 1.6 to 7 points);
- standard and mobile terminals;
- automatic trading;
- deposit and withdrawal of money by bank transfer.
Difficulties for novice traders can be the personal opening of an account at an Alfa Bank branch, the large size of the initial deposit (even the minimum lot is a thousand base units). Income tax is levied on each payment. But in case of financial conflicts, you can contact the administrative court of the Russian Federation, you have direct access to invested finances in your bank account.
Which Forex broker to choose?
For dealing centers, getting into the best Forex brokers in Russia in 2020 raises prestige and authority, but does not change the principles of work. In fact, a novice trader can open a deposit with any broker from the top ten. For prudent beginners, it is better to start work with dealers with minimal deposits. But in the list of brokers you can find offers of work with maximum leverage, allowing you to quickly increase the deposit.