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Best 5 Digit Forex Brokers : Most Trusted And Secure For 2018

Forex quotes were available in 4 digits up until recently. However, these days, it is common to see forex brokers providing 5 digit quotes with the partial pip being indicated by the last digit of the quote. Therefore, it is easy to understand why a 5 digit quote is more accurate. 5 Digit forex brokers allow traders to play with half-pips and thereby giving them more options to play. With the emergence of several 5 digit forex brokers in the virtual world, it is important that you choose the best one based on your requirements.
Here are some of the best 5 digit forex brokers that can make a difference to you:

1. XM
Established in 2009, XM is a Cyprus based forex broker that was founded with an intention of improving the quality of services in the forex trading community. Today, traders who have an account with XM can easily access forex markets, CFDs, and commodities. Besides being regulated by CySEC, XM is registered with FSA of the UK and Germany’s BaFin.

Traders can choose between XM MetaTrader 4 and XM Web Trader platforms to carry out their trading activities. Also, the forex broker provides its users with a wide range of trading accounts like XM Zero, Standard Trading, Micro Trading, Islamic Accounts, Demo Accounts and Managed Accounts.
Like other forex brokers in its category, XM doesn’t charge any commission from traders. However, a spread on trades carried out by the users is charged by the broker and this can sometimes be as low as 1 pip. Here again, there is a choice between variable spread and fixed spread that a user can opt for. The customer support of XM is available 24/5 through e-mail, chat, Facsimile and the telephone.

2. HotForex
100% SuperCharged BonusVoted as one of the best online forex brokers of Asia in 2012, HotForex has indeed created a name for itself in the world in a short period. Based in Mauritius, this forex broker is regulated by FSC and goes about providing services with utmost transparency, openness, and honesty.

In addition to allowing users to trade using MetaTrader 4 platform which is considered as a standard in the forex industry, HotForex allows traders to carry out their trading activities through other devices, including mobile and tablets. The extremely useful resources and tools this broker provides make it a popular choice in the forex industry.

Some of the popular trading accounts available with HotForex include – Micro Trading, VIP Trading, Premium Trading, Currenex Trading and Islamic Trading. Customer support is provided 24/5 through 12 different languages over the phone, fax, Skype, e-mail and live chat.

3. Easy-Forex
Easy-Forex is quite a popular online forex broker that offers its traders access to quite a few world markets. Besides EU, Easy-Forex is regulated in many countries. Today, Easy-Forex helps traders not just in carrying out trades in the forex market but also in commodities.

Traders with Easy-Forex can use either a web trading or MetaTrader 4 platform and therefore have great flexibility to log onto a computer or any other device to do their trade.
The customer support of Easy-Forex is available through e-mail, chat and e-mail all through forex sessions. Traders can make a call to a few EU numbers as well as a few others in case of queries.

4. RoboForex
The trading conditions at RoboForex should attract both experienced and new traders alike as this reputed forex broker has got everything covered for everyone who wishes to trade online. A minimum deposit is not required to trade with RoboForex and this applies for all trade account types. Therefore, the traders that are not willing to invest a large amount of money or not averse to taking risks, are sure to find RoboForex quite attractive.

The trading platforms supported by RoboForex include MetaTrader 5, MetaTrader 4 and cTrader. Other lesser known terminals and platforms are also supported by RoboForex like MultiTerminal, WebTrader RoboForex, and Currenex Viking Trader. Mobile versions for iOS and Android are also supported.
RoboForex accepts different modes of payment including Skrill, Visa, and Mastercard, Neteller, FasaPay and others. Furthermore, the customer support features of this broker are available to traders 24/7 via multiple languages.

5. Exness
Exness is a Russia-based forex broker that has always been known for carrying out its activities in a transparent way. Therefore, it is less surprising to see it gain strength to strength since it was established in 2008.
Traders who have an account with Exness can choose between MetaTrader 5 or MetaTrader 4 trading platforms. Also, the forex broker provides MetaTrader platforms for traders always on the move with its apps for a number of devices including Android, iPad, iPhone, Windows, and Blackberry.

Exness truly cares for a variety of clients they serve and this is evident in the account types they provide. These accounts are classified as – Cent Trading, Mini Trading, ECN Trading and Classic Trading. Also, as it with other forex brokers, Exness doesn’t charge you a commission. Instead, they add the spread on the quote they give you. Customer support at Exness is reliable and quick. Traders can contact Exness 24/7 via Call back service, e-mail, the telephone and live chat. The broker’s website is supported in 17 different languages.

6. AvaTrade
This Dublin-based forex broker has been a pioneer in providing online forex trading services for a long time with their monthly trading volumes exceeding $60 billion. Therefore, if you’re looking for a broker that has both reputation and experience, then look no further than AvaTrade. Today, AvaTrade services its clients worldwide through its offices located in multiple cities including Sydney, Tokyo, Milan and Paris. Its customer support features are available to traders 24/7 via multilingual options.

It is not just forex; AvaTrade also specializes in providing services covering stocks, indices, and commodities. Furthermore, all its trading and other activities are governed by financial bodies across the British Virgin Islands, Japan, Australia and Europe.
Options available to traders with AvaTrade include Automated Trading, AvaTrader, AVAOptions, MetaTrader 4, Mac Trading, MT4 Floating Spreads, Mobile Trading and Web Trading. The trading account types offered by AvaTrade can be split into two – real account (Silver, Gold, Platinum and Ava Select) and demo account.

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RISK:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.