Брокер B Forex

The global foreign exchange (forex) market is the largest and most actively traded financial market in the world. Both beginners and experienced traders seeking out a solid forex broker would be wise to investigate the trading experience, the breadth and depth of product offerings (currencies, contract for differences (CFDs), indexes, commodities, spread betting, cryptocurrencies, etc.), fees (including spreads and commissions), trading platform(s) (web-based, downloadable software, mobile, charting, and third-party platforms), customer support, trading education and research, and trustworthiness.

We research and reviewed dozens of forex brokers to help you decide which broker is right for your needs.

Best Forex Brokers

CMC Markets: Best Overall and Best for Range of Offerings

Why We Chose It

CMC Markets (CMC), founded in , is a well-established, publicly traded, and highly regarded U.K. forex broker that has successfully adapted to the ever-changing online brokerage landscape. The company is listed on the London Stock Exchange (LSE) under the ticker symbol CMCX. Like many forex brokers, CMC does not accept U.S. traders.

CMC Markets is for all types of traders, from the novice retail trader looking to dip their toes into the online trading of forex, CFDs, and spread betting, to the experienced veteran seeking exposure to a broad array of products. The firm's fees are competitive within the industry.

Pros & Cons

London Capital Group (LCG): Best for Beginners

Why We Chose It

London Capital Group (LCG), founded in , has continued to keep pace in the highly competitive online brokerage space. The company rebranded in with the launch of LCG Trader. This coupled with the ubiquitous MT4 (downloadable) platform and a functional mobile application, comprises LCG's online consumer offerings. LCG provides access to a broad selection of CFDs and spread betting instruments across several different asset classes. Like most others on this list, LCG does not accept U.S. traders.

As one of the major U.K.-based forex brokers, LCG offers a wide range of asset classes and a seamless trading experience. The firm's fees are competitive within the industry and it ranks high on our list for customer service. With these positive attributes along with its apparent focus on functional simplicity, LCG is well-suited to beginning traders. Although you don't have to be a beginner to benefit from its offerings, LCG is hard to beat if you are just starting out.

Pros & Cons

Saxo Capital Markets: Best for Advanced Traders

Why We Chose It

Denmark's Saxo Bank Group (Saxo Bank), founded in , classifies itself as "a leading Fintech specialist that connects people to investment opportunities in global capital markets." The company launched as one of the first online trading platforms in Saxo Bank has operated in the United Kingdom since through its subsidiary Saxo Capital Markets U.K. Ltd (SCML) and, like many forex brokers, it doesn't accept U.S. traders.

Saxo Capital Markets is for the advanced trader. It offers a broad variety of brokerage services geared towards sophisticated active traders, investors, professionals, and institutions. Smaller account holders may be disappointed by higher account minimums, a variety of fees, and fewer customer support options. Tiered accounts offer lower trading costs and added benefits as equity grows, but the majority of retail traders will have a tough time reaching the higher customer tiers.

Pros & Cons

XTB Online Trading: Best for Low Costs

Why We Chose It

Founded in as Poland's first leveraged foreign exchange brokerage house, X-Trade morphed into X-Trade Brokers in to comply with new Polish regulations. The company went public in , listing on the Warsaw Stock Exchange under the ticker symbol XTB, and it was rebranded as XTB Online Trading (XTB) in The firm does not accept U.S. traders.

XTB is a solid choice for traders who want to minimize their costs, whether it be the inherent cost of placing a trade (bid/ask spread) or not having to be burdened with extraneous costs, such as wire fees. XTB offers maximum leverage of up to for non-U.K. accounts while U.K. accounts get up to leverage. The firm places an emphasis on customer support and offers relevant educational tools and research amenities that would be well-suited to a novice trader.

Pros & Cons

IG: Best for U.S. Traders

Why We Chose It

IG Group (IG), founded in by Stuart Wheeler as the world’s first spread betting firm, is part of IG Group Holdings plc, a publicly traded (LSE: IGG) conglomerate. Unlike most brokers on this list, IG does accept U.S. forex traders, which has been the case since early when the company re-entered the U.S. market.

Globally, IG is for anyone wanting to trade CFDs. In the U.S., it's for clients who want to trade the foreign exchange markets. It's as simple as that. To deliver on this successfully, IG has adopted the time-honored adage, "go big or go home" because it can. Low spread costs, an emphasis on customer service and education, actionable research, and functional user interfaces make this broker well-suited to compete in the online forex broker market.

Pros & Cons

Pepperstone: Best for Trading Experience

Why We Chose It

Since opening its doors in , Australia-based Pepperstone Group has emerged as a top-tier player in the online brokerage landscape, building a highly competitive and full-featured trading portal that focuses on forex, shares, indices, metals, commodities, and cryptocurrencies.

Pepperstone offers uncomplicated access to the markets, which allows clients to focus on the complicated task of successfully trading the markets. Pepperstone is ideally suited to traders who want a manageable range of low-cost offerings, multiple choices of user interfaces and account types, and efficient customer support.

Pros & Cons

Frequently Asked Questions

How We Chose the Best Brokers for Forex Trading

We research and reviewed more than a dozen forex brokers based on the breadth of products offered; fees, including spreads and commissions; the ease-of-use of the platform; training and educational resources; customer support; regulatory safeguards; trustworthiness; and more. All of these factors were weighted based on their importance to users.

Annual Award Winners - Overall

Results for the eunic-brussels.eu Annual Awards are unbiased and determined by our own independent research; Broker Awards are bestowed based on demonstrated excellence in categories considered important to investors, traders, and consumers.

After gathering and validating thousands of data points across + important variables, poring over our collected quantitative data, and factoring in the qualitative observations and qualified opinions of our expert researchers, we are proud to announce the top three forex brokers of

Winner: IG

Company	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard	Visit Site
IG		£	info

Regulated and trusted across the globe, IG offers traders the ultimate package of excellent trading and research tools, industry-leading education, comprehensive market research, and an extensive list of tradeable products. This fantastic all-round experience makes IG the best overall broker in

• Trust: Founded in , IG is publicly traded (LON: IGG) and regulated in eight Tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. All jurisdictions considered, we ranked IG as the most trusted forex and CFDs broker for our Annual Awards.
• Commissions: IG uses its size to provide traders with consistent pricing across the board — regardless of the product you trade — and shines for its active trader pricing available through its Forex Direct accounts.
• Forex trading platforms: While IG also offers MetaTrader and premium MT4 add-ons from FX Blue, only 76 tradeable instruments are available. There's no question; IG's flagship platform is the better choice between the two, and offers an extensive range of tradeable markets.

Runner-Up: Interactive Brokers

Company	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard	Visit Site
Interactive Brokers		$0	info

Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.

• Trust: Founded in , Interactive Brokers is publicly traded (NASDAQ: IBKR) and regulated in nine Tier-1 jurisdictions. Interactive Brokers is well-capitalized with USD billion of ending client equity and USD billion of equity capital.
• Commissions: Interactive Brokers offers competitive pricing, aggregating prices from 17 of the world's largest interbank forex dealers. Instead of marking up spreads, Interactive Brokers charges a commission per trade, which ranges from $16 to $40 per million round turn ($8 to $20 per side).
• Forex trading platforms: Interactive Brokers stands out for its trading platforms, which include its flagship desktop software – Trader Workstation (TWS) – and mobile trading app – IBKR Mobile – both of which provide access to advanced trading tools and global financial markets (including forex and CFDs).

Podium Finisher: Saxo Bank

Company	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard	Visit Site
Saxo Bank		$0	info

Saxo Bank has recently lowered the minimum deposit requirement for its entry-level Classic account to $0, making it easier for a wider range of traders to access its excellent trading platforms, phenomenal research, and 70,+ tradeable instruments.

• Trust: Founded in , Saxo Bank operates multiple regulated banks and is licensed in seven Tier-1 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.
• Commissions: Saxo Bank provides traders with excellent all-around pricing. For active traders (and those with large account balances), Saxo Bank offers competitive pricing in its Platinum and VIP accounts, which require a $, and $1 million balance, respectively.
• Forex trading platforms: The entire Saxo Bank client experience is absolutely brilliant. Alongside access to 70, tradeable instruments, Saxo Bank's flagship SaxoTraderGo platform is terrific, and includes everything traders require to navigate the market. Saxo Bank also offers third-party platforms such as TradingView, the globally popular platform with advanced charting capabilities. Learn more by checking out our TradingView guide.

Best Forex Trading Platforms

We've conducted thorough testing of the best trading platforms offered by dozens of the top forex brokers in the industry. Of the 60+ brokers that we've evaluated, we've selected our top picks for brokers that provide the best trading platform experience and listed them below (click on the broker's name if you want to read our full-length broker review):

What does a forex broker do?

A forex broker is a company that is licensed (or considered exempt) by a national regulator to grant you — as a retail or professional client — the ability to buy or sell foreign currencies, by way of an online trading platform or over the phone (known in the industry as voice broking). A forex broker may offer you the underlying currency, or a non-deliverable spot contract or derivative such as a contract for difference (CFD) depending on any relevant country-specific regulatory restrictions. It's important to only use brokers that are properly regulated to reduce your risk of being scammed.

Do I need a broker for forex?

Yes, to trade forex you'll need to use a forex broker. You'll need to open an account and deposit enough collateral (margin) to enable you to place orders with your broker to buy or sell forex.

The forex broker's job is to execute your orders — either internally by acting as the principal to your trade (market maker execution) or by sending your orders to another market, thus acting as your agent (agency execution).

Your broker should be regulated and properly licensed in your country of residence (or in a major financial center). We’ve included a few important questions that are worth asking to help determine if your forex broker is trustworthy:

• Does the broker have adequate financial operating capital?
• How long has the broker been in operation?
• Does the broker hold proper regulatory licenses in the countries where it operates, and is it in compliance with local laws?

How much money do you need to start trading forex?

The specific amount of money you’ll need for trading forex will depend on multiple factors, such as your personal financial situation, your trading goals, and your tolerance (or appetite) for risk.

Beginner forex traders might start trading forex with as little as $, while it’s not uncommon for professional day traders to have six or even seven-figure trading accounts. If you are a beginner, you’ll first need to determine if forex trading is suitable for you. Check out our guide to trading forex for beginners here.

The next step will be deciding on your trading budget. This is especially important given the risks involved in trading forex from a margin account. Forex brokers typically offer a range of contract sizes so you can fine-tune the size of your trade – which will determine how much risk you are taking for a given profit target.

A micro account with a low margin requirement would make it possible to trade forex and test a trading strategy with as little as $ of risk capital. In this case, your potential risk will be limited – but so will your potential rewards. Trading forex with a small amount of risk capital can let you test a new investment methodology, or allow beginner traders who are new to forex trading to learn by trial and error without “breaking the bank.”

Regardless of your trading budget, you'll need to choose a dependable method for depositing and withdrawing funds for your live trading account. PayPal has grown in popularity as a way to fund forex trading accounts, due to its extensive international presence and wide range of supported currencies. Head over to our guide to the best PayPal forex brokers to learn more about using PayPal to fund your account, and to see our list of the best forex brokers that accept PayPal.

Which broker is the best for forex?

IG took first place for our Annual Awards as the best overall forex broker, with available currency pairs and the ability to trade CFDs and forex options, traders have plenty of choices. IG holds nearly a dozen regulatory licenses (and holds the distinction of being the only forex broker regulated in both Switzerland and the U.S.); simply put, IG is one of the most trusted brokers in the industry.

Who is the biggest forex broker in the world?

IC Markets is the largest forex broker by trading volume, with over $ billion in forex trading volume in the third quarter of alone, according to data compiled by Finance Magnates. IC Markets is also well-known as an excellent option for algorithmic traders due to its great pricing and execution. Check out our full-length review of IC Markets, and algo traders (or traders who want to learn about HFT systems) can check out our popular guide to high-frequency trading.

What are the top 10 forex brokers?

Here are the top 10 brokers by forex and CFD trading volume according to data compiled by Finance Magnates during the third quarter of (data excludes Japan due to the abnormally high trading volumes known to come from Japanese brokers):

Which forex broker has the best trading platform?

CMC Market's Next Generation platform comes with a massive selection of nearly 10, tradeable instruments. It delivers a terrific user experience, as well as advanced tools, comprehensive market research, and an excellent mobile app. Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders. The new Dynamic Trading tool allows you to place multiple trades simultaneously, which was a nice innovation by CMC Markets this year.

Best forex brokers for different styles of trading

What do you value most in a forex broker? Maybe you want to trade forex on the go. You might be looking for the most cost-effective forex brokers. Or maybe you are a beginner forex trader who is just getting started.

With a wide range of forex brokers comes a wide variety of features and specialties. To help you find the best forex broker for what you’re looking for, we’ve listed our top picks for some of the most sought-after features in the forex industry.

• menu_book  Great for beginners - IG’s vast selection of educational materials (it even has a mobile app dedicated to trader education, called IG Academy) makes it our top choice for beginner traders. Check out our full guide on the best forex brokers for beginners here.
• smartphone  Excellent trading app - Saxo Bank’s SaxoTraderGO mobile app boasts an impressive, intelligent design, paired with an abundance of useful information that makes it easy for traders to make clear-headed decisions, making it our top trading app. Check out our full guide to the best forex trading apps here.
• groups    Social copy trading - Interested in following the trades of expert forex traders? eToro deftly merges self-directed trading and copy trading into a sleek, unified trading experience. Copy traders can read our full social copy trading guide here.
• euro  Low costs - Of Tickmill’s three accounts (Classic, Pro, and VIP), it was the competitive commission-based pricing for professionals available through its VIP and PRO accounts that helped Tickmill finish 1st overall for Commissions and Fees. Take a look at our full guide dedicated to low-cost and zero spread brokers here.
• app_shortcut  MetaTrader - IC Markets’ MetaTrader offering includes an impressive range of third-party research and trading tool plugins, which helped IC Markets earn our pick for the best MetaTrader broker. Read our full MetaTrader guide, and learn more about the newest version of MetaTrader with our guide to the Best MetaTrader 5 Brokers.
• currency_bitcoin Crypto trading - eToro’s large number of available crypto assets helped make it our top broker for crypto trading for our Annual Awards. Check out my guide that covers crypto trading and the best bitcoin brokers here, or read my guide to the Best Bitcoin ETF brokers.
• laptop_mac  Mac Compatible Brokers - Saxo Bank - Streamlined designs and robust trading tools make Saxo’s desktop platform, SaxoTraderPRO, a winner. Mac users should take a look at our guide to the best forex trading platforms for Mac devices.

Which forex broker offers the most CFDs?

Saxo Bank offers the most tradeable CFDs in the industry, with a staggering 60,+ tradeable symbols available. CFDs, or "contracts for difference," enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset. If you’d like to learn more about how CFDs work (and to see our picks for the best CFD trading platforms), check out our full-length guide to the Best CFD Brokers and Trading Platforms.

Which forex broker offers the most currency pairs?

Alongside nearly 10, CFDs, CMC Markets offers the most tradeable currency pairs, with pairs that can be quoted both ways (i.e. EUR/USD or USD/EUR), which comes to a total of pairs.

Which forex broker is best for professionals?

As a highly-trusted and regulated global brand, Interactive Brokers (IBKR) provides everything professional traders might need, from advanced trading tools and platform features to competitive pricing across a wide variety of markets, as well as connectivity to over global exchanges. In addition to competitive spreads and low commission-based pricing for forex, Interactive Brokers provides more third-party research than any other broker.

Interactive Brokers continues to innovate its platform offering, such as with its new Impact app for environmental, social, and governance (ESG) investing, alongside the related Impact dashboard available in its Trader Workstation (TWS) desktop and WebTrader platforms.

Professional client status: In today's highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA's professional client status with their broker. Traders designated as Professionals in the EU do not receive negative balance protection and other consumer safety mechanisms such as eligibility for compensation schemes in the event of a broker's insolvency.

How do I choose a forex broker?

Here are three of the most important factors to keep in mind when choosing an online broker for forex trading.

1. First, make sure your broker is properly licensed and regulated. The safety of your deposit is always the top priority.
2. Next, compare the account offerings, trading platforms, tools, and investment research provided by each broker.
3. Finally, read detailed forex broker reviews to compare pricing and product offerings (e.g., number of forex pairs and CFDs available to trade) to find what is most important to your forex trading and investment needs.

How do I know if my forex broker is regulated?

It’s important to make sure that your forex broker is well-trusted and properly regulated in order to avoid forex scams. To see an intuitive, comprehensive list of highly regarded regulatory agencies, check out our Trust Score page. Also, be sure to check out our in-depth reviews of forex brokers – we detail the regulatory status of each individual forex broker across the international forex landscape.

We’ve also put together a step-by-step guide to help you determine if your forex broker is well-regulated:

1. Find its license number: Identify the broker’s registration number from the disclosure text at the bottom of the broker's homepage.
2. Confirm the broker’s public profile: Look up the entity name (i.e. the legal company or brand name) on the regulator's website to validate the registration number.
3. Confirm regulatory status: We track, rate, and rank forex brokers across over 20 international regulators, and you can find the official websites of the biggest, most important international regulators on our Trust Score page.
4. Global availability: Confirm that the broker can accept clients in your country of residence. If the broker lacks regulation in your home country, it’s still worth checking to see if they can legally accept clients from your country (for example, if the broker is regulated in an alternate jurisdiction that is deemed acceptable).
5. Verification: Call the phone number or contact the email address listed on the regulators’ website if you have any doubts as to the legitimacy of a website or brand purporting to be regulated.

eunic-brussels.eu Overall Rankings

Now that you've seen our picks for the best forex brokers, check out the eunic-brussels.eu Overall Rankings. We've evaluated over 60 forex brokers, using a testing methodology that's based on + data-driven variables and thousands of data points. Check out our full-length, in-depth forex broker reviews.

No matter what market you trade, you can only access the financial markets through a broker. They connect forex retail market participants with to liquidity providers.

For that purpose, there are two types of brokers: A Book broker and B Book broker. Most brokers use a mix of both models, but it&#;s essential to know how each works and what that means for you as a trader. 

Let’s get to it.

What are A-Book Brokers?

An A-Book broker operates on what&#;s called a &#;no dealing desk&#; model. This means that when you place an order to trade a currency pair, say GBP/USD, the broker sends your order to a liquidity provider, like a bank. This liquidity provider matches your trade with an opposite side trade. 

The A-Book process is synonymous with a traditional brokerage role. A facilitator of transactions, sort of. They offer you a direct and reliable connection to the global forex market through STP (Straight Through Processing) or ECN (Electronic Communication Network) accounts.

ECN accounts route your orders directly to the interbank market, where the orders get filled. An STP account, on the other hand, often has more than one liquidity provider. These liquidity providers can be other the interbank market, STP brokers, or even ECN brokers.

How do A-Book Brokers Process Trades?

• You decide to buy GBP/USD and place your order with an A-Book broker.
• The broker forwards your order to a liquidity provider, who finds another market participant wanting to sell the same pair.
• Your order is matched, and the trade is executed.

Usually, the A Book broker does this with fairly competitive bid-ask spreads.

Advantages of A-Book Brokers for the Retail Trader

These are some of the advantages of A-Book Brokers:

• Transparency: Orders are passed to the interbank market, providing clarity over execution.
• No Conflict of Interest: Brokers profit from trade volume, not from trading losses, aligning their interests with the traders&#;.
• Market Execution: Orders are filled at the best possible market rates, ensuring fair pricing.

Disadvantages of A-Book Brokers for the Retail Trader

Here are some of the disadvantages of the A-Book Model:

• Variable Spreads: Can widen significantly during major news events or low liquidity, increasing trading costs unexpectedly.
• Commission Fees: Retail traders may have to pay a commission on top of spreads, increasing the cost per trade.
• Slippage: The best price may not be available, and orders may be filled at a slightly different price than expected.

How Does the A-Book Forex Broker Make Profit?

A-Book forex brokers make their profits via a small mark up on the spread/commission that you directly pay when placing trading orders. Assume the spread from the liquidity provider is 3 pips, your A Book broker may list it on their platform as 4 pips, guaranteeing them a 1 pip profit. Therefore, the more you trade, the more they will make.

They obviously want your trading account to be active – they don’t care if you are winning or losing; all they want is that your trading volume will be as high. 

Think of a real estate broker or a stockbroker. They source the deal and, in return, earn a commission. It’s the same with A-Book brokers. 

What Are B-Book Forex Brokers?

When placing a trade via a B-Book broker, they fill your trade in house. Forget the bank. You’re now buying directly from the supplier. So, a B-Book forex broker can be best described as a market maker who is responsible for always providing execution and paying the differences (losses or profits) to their clients.

How Do B-Book Brokers Process Trades?

Here&#;s what a B-Book execution looks like:

• You initiate a buy order for GBP/USD with a B-Book broker.
• The broker internally takes the opposite position, &#;betting against you.&#;
• The trade is executed within the broker&#;s system. 

Some people will say that this execution model generates conflicts between the client and the broker. However, there are some advantages to trading via B-Book brokers. This includes very competitive spreads (sometimes as low as zero), fast execution, and the ability to get an execution on all instruments (including exotic currency pairs).

How Does the B-Book Broker Make Profit?

By betting against you.

Yes, really.

In the B-Book model, brokers make money when traders lose. They provide the prices, bear the market risks, and manage trades using their capital. That&#;s why they&#;re called market maker brokers or dealing desk brokers. They balance their books by hoping that losing trades will cover the winning trades they must pay out. 

May sound crazy, but that&#;s how the inner workings of the brokerage industry operate.

What B-Book brokers have going for them is that they can offer better trade execution prices because they can immediately fill orders, which can be seen as beneficial to the trader.

Advantages of B-Book Brokers

Here are some advantages of B-Book Brokers:

• Fixed Spreads: Often offer fixed spreads, which can be advantageous during volatile market conditions.
• Lower Entry Requirements: B-Book brokers typically offer lower minimum deposit requirements, making it more accessible for new traders.
• Instant Execution: Trades are often executed instantly, reducing the waiting time for orders to be filled.

Disadvantages of B-Book Brokers for the Retail Trader

These are some of the drawbacks of using B-Book models:

• Conflict of Interest: Potential conflict exists since these brokers only profit when traders lose.
• Price Manipulation Risk: Theoretical risk of price manipulation, as the broker controls the execution and pricing.
• Profitability Limitations: Extremely profitable traders might be &#;penalized&#; as they can be viewed as a risk to the broker&#;s profitability.

How Does This Affect You?

As a trader, it&#;s not about labeling one model as good and the other as bad, but rather understanding which model aligns with your trading strategy. It&#;s about focusing on the price and execution quality you receive from your broker.

Some traders are uncomfortable with the idea of a broker benefiting from their losses, and it&#;s understandable. You know, the broker may start getting some unscrupulous ideas.

However, this is part of the Forex trading ecosystem, and both broker models can coexist with your strategy as long as you are informed and choose the broker that fits your trading needs the best.

Key Takeaways

• A-Book brokers route your trades directly to the interbank market or through liquidity providers.
• They offer variable spreads and are generally more trustworthy than B-Book traders because they&#;re not interested in seeing you lose money.
• The B-Book broker takes trades opposite to yours. When traders lose money, they win. And when traders make money, they lose money.
• They offer fixed spreads and fast execution because they are their own liquidity provider. The traders don&#;t go to interbank markets. Rather, they are executed by the broker who has taken the opposing sides of traders trades.
• Most brokers use a hybrid model where they be an A or B-book broker, depending on that their trader wants.

Check out what our traders have to say

Hear from our traders

Love these guys!
Solid Support Team throughout the whole application process! Love these guys. They also offer a partner referral program where you and your friend can both receive a bonus (bonus depends on the amount of friends you refer to) and all you need is proof that

James Hwang

Amazing broker in all areas!
I spent a great deal of time researching different brokers. I wanted a regulated one that I could trust for the long term and also high leverage so decided to try blueberry markets.

Scott Smith

Excellent Broker!
Blueberry Market has everything you can ask for, I'm super happy it has been recommended to me as my first broker. Support is super reactive, and spreads are low. Nothing shady, transparency is a must ! Love blueberry markets!

Vincent

Top Level Broker.
Opening an account was rapid and hassle free just normal ID requirements. I recieved a friendly call from my account manager the next day to welcome me. Support are very responsive should you need them for any questions

Mr C Bunch

Amazing experience!
I have a very nice experience trading with this broker. Execution speed is one of the best all over the market. A lot of trading instruments and tight spreads. Deposit and withdrawal options are also on the good level, everything is always fast and working smoothly. Trading platforms

Pro Kittisak

Just a word to define the "perfect" broker after hearing about it I wanted to test and I do not regret it because I discovered a perfect broker!
A customer service always available that answers any question and settles any problem quickly

Imani

Absolutely one of the best!
Ok margins for retail traders, very helpful and friendly customer support, very easy depositing and withdrawing funds.

Stefan Ivarsen

Very helpful when experiencing problems and also the education from John how he analyses the market for free is very informative. Support staff very friendly and know what they are doing.

Lesley Mtombeni

Credible and trustworthy!
I have been with Blueberry markets for more than three years, feeling secure and comfortable. They are very professional, customer friendly and respond fast to your concern pertaining to trading. I just do not know what to write further, since all dealings with them are simple, just.

Hijazi

I have been trading with Blueberry for almost 6months. I love the service of Blueberry, their customer service is very good, I could contact customer support whenever and there is someone reply to me immediately. The spread is very tight for Blueberry. I recommend BlueberryMarkets for those looking for a regulated broker.

Jen Fei Choong

Fast and efficient and effective and great spreads on the Professional account.
Great company to deal with friendly and helpful and the systems work well to help you get good results when you trade. Access to the live forex trading room is helpful also. Thank you for an excellent platform.

Matt

THE BEST BROKER I EVER TRADED WITH! Blueberry Markets is one of the most trusted and secure broker, it offers very competitive spreads and their customer service is fantastic.

Peter Musinsky

Read More Reviews

With our experience, competence and focus on the needs of our traders, we continuously improve our processes, the scope of our services and our product portfolios. Our vision to make online trading more accessible to private individuals has already been successfully implemented and GBE brokers is now one of the strongest CFD providers in Germany.

Never before has it been more important for private traders to have an experienced and trustworthy broker at their side who understands the needs and concerns of their clients and implements them accordingly. With our strong German branch in the port of Hamburg, we have a common gateway to the world. Due to the Hanseatic background, the protection of our online traders is very important to us. Our customers are offered this security by the regulatory authorities CySEC and BaFin. We concentrate especially on German-speaking private clients as well as institutional clients with an international focus who want to trade Forex and CFDs with us. Our experienced management team, the clear ownership structure and many operational units are firmly in German hands.

You can be sure that a personal support person with a great deal of profound expert knowledge will be at your side so that you can trade confidently with us.

Forex trading is an exciting and profitable venture for many people. However, with the vast number of forex brokers available, it can be challenging to identify a reputable one. A B book broker is one type of forex broker that can be difficult to identify. In this article, we will take a closer look at what a B book broker is and how to identify one.

What is a B Book Broker?

A B book broker is a type of forex broker that operates on a dealer model. This means that the broker takes on the risk of trades made by their clients instead of passing the risk onto a liquidity provider. The broker will typically hedge their risk by taking the opposite position to that of their clients. For example, if a client buys EUR/USD, the broker will sell EUR/USD. This allows the broker to profit from the spread and the commission charged on each trade.

B book brokers are also known as market makers. This is because they create a market for their clients by providing liquidity. They do this by taking the opposite side of their client&#;s trade. As a result, B book brokers are often accused of trading against their clients.

What are the Risks of Using a B Book Broker?

There are several risks associated with using a B book broker. These risks include conflicts of interest, lack of transparency, and potentially higher trading costs.

Conflicts of Interest

B book brokers have a conflict of interest as they take on the risk of their clients&#; trades. This means that they may be motivated to trade against their clients to maximize their profits. This can lead to biased advice and recommendations that do not necessarily benefit the client.

Lack of Transparency

B book brokers are not required to disclose how they operate their business. This means that clients may not be aware of the risks associated with trading with a B book broker. This lack of transparency can lead to mistrust and suspicion between the broker and their clients.

Potentially Higher Trading Costs

B book brokers make their money from the spread and commissions charged on each trade. As a result, their trading costs may be higher than those of other brokers. This is because they need to cover their hedging costs and other expenses associated with operating a market-making business.

How to Identify a B Book Broker?

Identifying a B book broker can be challenging, but there are some signs to look out for. These include:

1. Lack of ECN/STP Accounts

B book brokers typically do not offer ECN/STP accounts. This is because they operate a dealer model and take on the risk of their clients&#; trades. ECN/STP accounts allow clients to trade directly with liquidity providers, which is not possible with a B book broker.

2. High Spreads and Commissions

B book brokers typically charge higher spreads and commissions than other brokers. This is because they need to cover their hedging costs and other expenses associated with operating a market-making business.

3. No Negative Balance Protection

B book brokers typically do not offer negative balance protection. This means that clients can lose more than their account balance if their trades go against them. This can lead to significant losses and financial ruin.

4. Lack of Transparency

B book brokers typically do not disclose how they operate their business. This can lead to mistrust and suspicion between the broker and their clients.

Conclusion

Identifying a B book broker can be a challenge, but it is essential to do so to avoid the risks associated with trading with one. Look out for signs such as lack of ECN/STP accounts, high spreads and commissions, no negative balance protection, and lack of transparency. By being vigilant and doing your research, you can avoid the risks associated with trading with a B book broker and find a reputable forex broker that meets your trading needs.