When it comes to choosing reliable forex brokers, a number of factors need to be taken into account. In this article, we will find out how you can confidently identify the online trading platform and broker best suited to your needs. In fact, you have to assume that we are not all the same, so every trader has their own needs, goals, tastes and preferences.
The choice is wide but considering our experience in the field we have decided to select some of the best regulated Forex brokers in Europe. Being regulated means that they are perfectly legal and safe. We have also talked about these brokers in the tutorial videos that we published on Youtube, as well as in the guides on our website “Playing on the Stock Exchange”.
In the table above you can see the brokers we have selected. On the left column you will find the logo of the company, then the main features, the minimum deposit and a button to access the opening of the account. Keep in mind that after registration there is no need to deposit and indeed there is the possibility to practice with virtual money with a demo. In this way, you will have the opportunity to test the platform and learn.
In this regard, we recommend that you watch the tutorial video associated with the selected platform. To do this, just click on the “Complete Guide” button within the same table. There is a complete guide for every Forex broker.
If you are wondering what criteria we have used to create this table, we will respond immediately. First, brokers are regulated. Secondly, they are very popular and well known. Consider that 24option is an official partner of Juventus F.C. while Plus500 is the main sponsor of Atletico Madrid. This is just to say that these are important companies, with a solidity that is not indifferent. The same goes for the other brokers on the list.
Reliable Forex Brokers: Watch out for Fraud
Newcomers should not venture on the Internet at random, perhaps relying on those inviting ads that happen in advertisements. Serious regulated brokers do not offer promises but simply services. The success of transactions depends only on the trader’s ability and willingness to improve. That, at least, is our thought.
For this reason, to “stay where you touch”, we recommend you choose a famous, popular, known broker. An important broker, in short. Our table includes only big names. However, you are free to choose your broker elsewhere as well, however, subject to the advice of selecting only level brokers.
A way to check that a broker is serious is to look at his website. At the bottom of the page there must be all the information (and there is a lot of it) about regulation (with regulator and license number), the various authorizations, disclaimers and so on.
Also, although it may seem strange, when you venture into the web you should distinguish the sites of brokers from sites that offer a service (eg signals on the Forex).
So, to recap, a serious broker:
- Presents a site with all the information related to its regulation.
- Publish everything related to authorizations.
- It offers a fully autonomous trading service on financial instruments (and not simply signals etc.).
- Allows you to operate independently (does not require money to operate automatically).
- Allows you to deposit and withdraw freely, at any time.
- No sentences that promise safe, easy or quick economic results.
By simply checking these aspects, you will eliminate the danger of running into scams related to Forex trading.
However, if you want to learn with a free guide and use a demo at the same time, choose one of the brokers in our table and view its complete guide.
Italian MT4 Brokers for Forex Trading
Our table includes brokers and these have different platforms. One of them, 24option, offers not only its own platform, but also MetaTrader 4. This is the most popular professional trading platform in the world, used by hundreds of thousands of users. 24option, although not Italian, has been operating in Italy for several years now (the vast majority of brokers are not Italian). The important thing, however, is that it is regulated at European level and therefore offers all the guarantees on security that the user needs.
We talked about the MT4 platform in our complete guide to MetaTrader 4, where we explain all its main features. It is a professional trading platform in the sense that it allows you to trade at a high level and is optimal for those who want to have all the technical analysis tools available at all times. MT4 has all the technical indicators that can be deduced.
In the “terminal” window, again, you can access an endless library of trading tools, which also include signals, indicators and more. The MT4 Forex trading platform includes a real community of users from all over the world.