Choosing your Forex Broker

For an aspiring Forex Trader, it is recommended to know the basics of Foreign Currency Exchange or Forex Trading, also known as FX Trading.

Technically, the Forex Market is composed of Banks, Commercial Companies, Central Banks, Investment Management Firms, Hedge Funds, and Retail Forex Brokers and investors; that includes ourselves (Forex Traders). The FX market is considered to be the largest Financial Market in the world, in which transactions that are processed each day are worth Trillions of dollars in total.

There are a lot of risks, which can be a reasonable for you to always go for a good and trusted Forex broker.  Here at RichDadph we can provide you and assist you on your Trading Journey. And the first step is to choose a reputable Forex broker that could offer you educational tools and resources as a beginner.

It is important for a Trader to review a certain Broker before signing up, and the following are the things you need to know about:

1. History and Background

2. Spreads
3. Leverage
4. Platform
5. Minimum Deposit
6. Withdrawal Procedure
7. Trading Signals
8. Education Section 
9. Customer Support
10. Trader's Community

A sign of the best forex broker is a high level of security with a perfect risk management system. This is the characteristic you should look in a forex broker before choosing one for you. Because you just can’t hand over your savings or earning to a fraud or illegal broker.

A LEGIT Forex broker will always allow you to deposit and withdraw your money anytime you want.

To begin with, the following Brokers are recommended for you to sign-up for a FREE Trading account.


AXI [AxiTrader Limited]


Axi (previously known as AxiTrader) was founded in 2007 and is an Australian forex broker. The new brand "Axi" was launched in 2020.

Axi is regulated by multiple financial authorities worldwide, such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Dubai Financial Services Authority (DFSA). As such, Axi is considered safe because it is regulated by several top-tier authorities.

Axi offers over 85 currency pairs, gold, silver, oil, cfds, indices, bitcoin and other cryptocurrencies for your personal investment and trading options.

👉  Click Here to sign-up for your FREE AXI Trading Account


FXPRIMUS [Primus Markets INTL Limited]


FXPRIMUS is globally acclaimed for offering one of the safest and most secure online trading environments available anywhere in the forex industry.

FXPRIMUS is the first retail Forex brokerage in the world to offer a Trust account option to all clients regardless of account size, and the first to contract an independent third party fund administrator to monitor the flow of client funds. No other brokerage offers this high level of fund safety and protection to all its clients.

FXPRIMUS is also the only non-Swiss based Foreign Exchange brokerage firm to earn both the ISO 27001:2005 designation, which is the highest international certification standard in information security and the ISO 9001:2008 designation in recognition of our standardised Quality Management best practice protocol.

👉  Click Here to sign-up for your FREE FXPRIMUS Trading Account


MTrading [ServiceComsvg Ltd.]


MTrading, domiciled in Belize, offers Forex trading on currency pairs, precious metals, stocks, indices and fossil fuels. 

Their main focus is to provide a secure and easy trading experience for traders who reside in key cities in Asia-Pacific and the emerging markets of Africa and South America, including Thailand, Sri Lanka, Vietnam, Philippines, Bangladesh, India, China, Nigeria, Ghana, Egypt, Malaysia, Indonesia, Singapore, Nepal and the APAC region.

MTrading is a full service brokerage company authorized by the Belize International Financial Services Commission (IFSC). It is an endorsed partner of Admiral Markets AS, a broker authorized within the European Union by the Estonian Financial Supervision Authority (EFSA). All customers' trades and orders on MTrading platform are automatically connected to Admiral Markets AS servers.

👉  Click Here to sign-up for your FREE MTRADING Account


Conclusion – Forex Brokers

Selecting the right forex broker a make or break your future in the currency exchange trading markets. So, look before you leap otherwise it will prove to be a costly decision in terms of time as well as effort and money.