Best Forex Brokers
The foreign exchange market is one of the most exciting, fast-paced markets in the financial world. Unfortunately, it is also one of the most volatile, with large swings in currency values commonplace. As a result, choosing the best forex broker for your needs can take time and effort.
To start with forex trading, you just need to explore the best forex brokers and open an account with one that suits your trading style. However, you must do some initial research to find the best forex broker. You can easily find the most suitable broker according to your trading experience and needs.
In this guide, we will discuss how to choose the best forex brokers, why you should start forex trading, the pros and cons of forex, and more. Besides that, to help you choose the best broker, we will compare the features and benefits of some of the leading brokers in the industry to give you an overview of each offer. So, let’s get started.
How To Choose The Best Forex Broker
When looking for the best forex brokers, there are several things you need to consider. These include:
#1 Regulatory Compliance
The first and foremost thing you need to check is whether a reputable body regulates the broker. A good way to check this is to see if the broker is listed on a major exchange. If they are, then they are most likely to be regulated. For example, a reputable forex broker in the USA will be an NFA member registered with the Commodity Futures Trading commission.
#2 Trading Platform
The first and foremost thing you need to check is whether a reputable body regulates the broker. A good way to check this is to see if the broker is listed on a major exchange. If they are, then they are most likely to be regulated. For example, a reputable forex broker in the USA will be an NFA member registered with the Commodity Futures Trading commission.
- Ease of Use
- Real-Time Quotes
- Technical Analysis Tools
- Charting Tools
- Order Management Tools
- Mobile Trading
#3 Account Features
When choosing a forex broker, you must consider the account features. Some of the things you might want to look for include:
- Minimum Deposit Requirements
- Leverage Ratios
- Commissions and Spreads
- Initial Deposit
- Commission Fees
- Leverage and Margin
- Ease of Deposits and Withdrawals
#4 Customer Support
A broker’s customer service should be accessible since Forex trading takes place 24 hours a day, seven days a week. In addition, think about whether it’s easy to get an actual person on the phone. A quick call to a forex broker can indicate their customer service and average wait periods.
What Is A Forex Broker?
A forex broker is an intermediary between traders and the foreign exchange market. They provide a platform where traders can buy and sell currencies and other services such as margin trading, which allows traders to borrow money to trade with.
The role of the forex brokers has become more important in recent years as the forex market has become more accessible to retail investors. Only large financial institutions and banks traded forex in the past, but now many online brokers allow retail investors to trade forex.
Generally, online forex brokers enable traders to largely use electronic trading platforms that the broker supports to execute forex deals. In addition to offering their own software for trading, many popular online forex brokers also support 3rd party MetaQuotes platforms, including MetaTrader 4 and 5 (MT4/5).
In addition, many forex brokers also provide extensive educational information for beginners, which may be utilized to improve their trading knowledge. They might also provide expert Forex market analysis and financial news feeds to assist you in making better trading decisions. Moreover, forex brokers make their money by charging commissions and spreads on the transactions they facilitate.
Why Trade Forex?
A forex transaction is the simultaneous purchase of one currency and the sale of another at a set exchange rate. Forex traders profit by selling one currency pair cheap and expensive or buying one pair high and selling it low.
A significant number of individuals trade forex because it’s a relatively easy process to get started. Once you open a trading account, download a free platform like MetaTrader. Trades can be executed quickly and easily, so traders have the flexibility to set their own pace. Plus, making money is another big motive for why people engage in forex trading.
This is usually where investors begin since they can gain a handle on the market without being overwhelmed by the asset they’re trading.
How Do I Know If My Forex Broker Is Regulated?
It is important to know if your forex broker is regulated. This will ensure that your broker is held accountable to a higher standard and that your funds are protected. The best way to find out is to check the broker’s website or contact them directly.
It is also good to check the regulator’s website to see if the broker is listed. For example, in the United States, you can check with the National Futures Association (NFA) or the Commodity Futures Trading Commission (CFTC). Moreover, check the reviews for your broker to see what other traders have to say about their experience.
Here is how you can determine if your forex broker is regulated:
👍 Check their license number
👍 Check Their Registration Status
👍 Find Their Membership Status
👍 Verify Details
👍 Global Availability
👍 Forex Brokers List
One must comprehend the currency pair offerings, account specifics (initial deposit, deposits/withdrawals, commissions/spreads, leverage, and margin), customer service, regulatory compliance, and trading platforms while thinking about how to select the finest Forex broker in 2022. Before choosing the finest Forex broker, take the time to read customer evaluations from both the broker’s past and present clients to get a sense of how well they performed when offering Forex services to individuals. Finding the best broker to trade with is essential for successful FX trading
The team at AsiaForexMentor.Com spent hours carefully compiling and curating the list of top brokers for this year’s edition of the best Forex brokers 2022. The flexible table below, in particular, offers a thorough comparison of Forex brokers that can be customized to a person’s preferences.
- View comparison
- AVATrade
- RoboForex
- EXNESS
- XM.COM
- MultiBank Group
- IC Markets
- Capital.com
- Instaforex
- Alpari
- FXOpen
- Forex.com
- Forex4you
- LiteFinance
- AMarkets
- FxGlory
- eToro
- Interactive Brokers
- Dukascopy Bank SA
- Markets.com
- GrandCapital
- FBS
- FreshForex
- FxPro
- FIBO Group
- HotForex
- HYCM
- OANDA
- Saxo Bank
- FXCM
- RoboMarkets
- Swissquote
- FXDD
- DeltaStock
- ActivTrades
- Admiral Markets
- NordFX
- BCS Forex
- IFC Markets
- Dukascopy Europe
- Alfa-Forex
- Orbex
- NPBFX
- Plus500
- ForexMart
- IG
- ForexChief
- EasyMarkets
- XTB.com
- CMC Markets
- Octa FX
- LMFX
- ICM Capital
- PhillipCapital UK
- Hantec Markets
- Finam Forex
- Core Spreads
- Fort Financial Service
- BMFN
- FxGiants
- Degiro
- GO Markets
- Forex.ee
- Tickmill
- Yadix.com
- Instaforex
- etoro
- Swiss Markets
- PSB Forex
- ICE FX
- FriedbergDirect
- TrioMarkets
- iOCBCfx
- UOB Kay Hian
- KGI Futures
- KE Forex
- City Index Singapore
- Haitong
- FXCitizen
- Land FX
- Pepperstone
- Vantage FX
- AXITrader
- Ak Investment
- InvestAZ
- Corner Trader
- Abshire-Smith
- ArgusFX
- Ayondo
- Bacera
- BogoFinance
Rank | Forex Broker | Founded | Regulated | Reviews | Payment Systems | Broker Type | Min. Deposit | Max. Leverage | Live Spread Euro/USD | Deposit Bonus | Accounts | Scalping | Bank Broker | VIP accounts | Micro accounts | Cent accounts | Hedging | No deposit Bonus | ECN accounts | Swap-free accounts | Trading instruments | Accepting US traders? | Provision of VPS | STP accounts | Phone Trading | 24-hour support | Number of CFD assets | Mobile trading | Accrual of % to deposit | Trust management | Affiliate program | Country of Headquarters | Countries of offices | Deposit Currency | Trading Conditions | Mobile Trading | Auto Trading | Deposit Method | Withdrawal Method | Trading Platform | Web-based Platform | Number of currency pairs | Stock exchange instruments | Entry to Stock Exchange | Support live chat | FAQ | support language | support website language | Standarad Accounts | Segregated Accounts | Unlimited Demo | Forigen Currency accounts | OCO orders | Trailing Stop | Gauranted Stop Loss | Cashback Rebate | Self-developed trading platform | Availability of API | Autochartist support | Trading signals | Trading with expert advisers | Speed of order execution | Maximum number of trades | Maximum position size | Locked Margin level | Stop Out level | Margin Call level | Fixed Spread | Floating Spread | 4 Digit Quotes | 5 Digit Quotes | No deposit Bonus | Add to Comparison |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1
|
AVATrade | 2006 | ASIC, CBI | Yes |
|
NDD | 100 $ | 1:400 | N/A | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 200 | iOS, Android | – | PAMM | – | Ireland | Australia, Germany | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | Yes | 47 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | 500 | – | – | 10% | 10% | live spread | – | – | – | – |
Added
|
||
2
|
RoboForex | 2008 | IFSC | Yes |
|
NDD, ECN | 0 $ | 1:2000 | N/A | 50 % |
Real
Demo
|
Yes | – | No | No | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 8700 | iOS, Android | 10 | LAMM, MAM | – | Belize | Belize | – | Trading conditions | iOS, Android | MQL.5 Signals | [“MetaTrader 4, MetaTrader 5”] | Yes | Yes | 50 | Promotions, Depositary Receipts (ADR and GDR) | Entry to stock exchanges | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | No limit | 100 лотов | 25% | 10% | 40% | spread | – | – | – | – |
Added
|
||
3
|
EXNESS | 2008 | FCA, CySEC | Yes |
|
MM | 0 $ | 1:2000 | N/A | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | iOS, Android | – | – | – | Cyprus | United Kingdom, Cyprus | – | Trading conditions | iOS, Android | MQL.5 Signals | [“MetaTrader 4, MetaTrader 5”] | Yes | No | – | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.01 sec | No limit | No limit | 100% | 50% | 30% | spread | – | – | – | – |
Added
|
||
4
|
XM.COM | 2009 | ASIC, IFSC | Yes |
|
ECN | 0$ | 1:500 | N/A | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | – | iOS, Android | – | PAMM, MAM | – | Cyprus | Australia, Belize | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, MetaTrader 5”] | Yes | No | 390 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.001 sec | 200 | 100 лотов | – | 50% | 100% | No | Yes | No | Yes | – |
Added
|
||
5
|
MultiBank Group | 2005 | ASIC | No |
|
NDD, ECN | 0 $ | 1:500 | N/A | – |
Real
Demo
|
No | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 20000 | iOS, Android | – | PAMM, LAMM | – | Hong Kong | – | – | Trading conditions | iOS, Android | MQL.5 Signals | [“MetaTrader 4, MetaTrader 5”] | Yes | No | 39 | – | – | yes | yes | English, Arab | English | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.1 sec | – | – | 50% | 50% | 50% | No | Yes | No | Yes | – |
Added
|
||
6
|
IC Markets | 2007 | ASIC | Yes |
|
MM | 20 $ | 1:100 | N/A | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 79 | iOS, Android | – | – | – | Australia | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 56 | – | – | yes | yes | English, Chinese | English, Chinese | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | 100 лотов | – | 50% | 100% | No | Yes | Yes | No | – |
Added
|
||
7
|
Capital.com | 2016 | ASIC, FCA | No |
|
NDD, ECN | – | – | N/A | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | – | yes | – | – | – | – | – | blank | blank | – | – | – | – | [“”] | – | – | – | – | – | yes | yes | – | – | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | – | – | – | – | – | – | – |
Added
|
||
8
|
Instaforex | 2007 | RAUFR | Yes |
|
ECN, STP | 0 $ | 1:1000 | N/A | 30 % |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 200 | iOS, Android | 13 | PAMM | – | Russia | Bangladesh, Ghana | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, MetaTrader 5”] | Yes | No | 390 | – | – | yes | yes | English, Bulgarian | Azerbaijani, English | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.1 sec. | – | – | 50% | 50% | 50% | No | Yes | Yes | No | – |
Added
|
||
9
|
Alpari | 1998 | IFSC, NAFD | Yes |
|
ECN | 1 $ | 1:500 | N/A | 100 % |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, Cryptocurrencies | – | No | – | Yes | yes | 59 | iOS, Android | – | PAMM | – | Russia | Belize, Belarus | – | Trading conditions | iOS, Android | – | [“”] | Yes | No | 44 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | 1000 лотов | – | 50% | 100% | No | Yes | Yes | Yes | – |
Added
|
||
10
|
FXOpen | 2005 | ASIC, FCA | Yes |
|
ECN, STP | 100 $ | 1:50 | N/A | 1 % |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, Cryptocurrencies | – | No | – | Yes | yes | 70 | iOS, Android | – | – | – | Russia, Saint Kitts and Nevis | New Zealand | – | Trading conditions | iOS, Android | Zulutrade | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 50 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | No limit | 1000 лотов | – | 10% | 20% | No | Yes | Yes | Yes | – |
Added
|
||
11
|
Forex.com | 2007 | FSC | No |
|
ECN, MM | 20 $ | 1:1000 | N/A | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 78 | iOS, Android | – | – | – | Australia, Hong Kong | USA | – | Trading conditions | iOS, Android | – | [“FOREXTrader PRO, MetaTrader 4”] | Yes | Yes | 47 | – | – | yes | yes | – | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | 1000 лотов | – | 10% | 20% | No | Yes | No | Yes | – |
Added
|
||
12
|
Forex4you | 2007 | FSC | NO |
|
NDD, STP | 50 $ | 1:1000 | N/A | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | iOS, Android | – | PAMM | – | British Virgin Islands | British Virgin Islands, Vietnam | – | Trading conditions | iOS, Android | – | [“”] | – | – | 39 | – | – | yes | yes | English, Vietnamese | English, Vietnamese | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | No limit | – | – | – | – | No | No | Yes | Yes | – |
Added
|
||
13
|
LiteFinance | 2005 | – | Yes |
|
ECN | 100 $ | 1:1000 | N/A | 100 % |
Real
Demo
|
Yes | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | – | iOS, Android | 7 | – | – | Saint Vincent and the Grenadines | Afghanistan, Vietnam | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | – | – | NASDAQ (US), NYSE (USA) | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.001 sec. | No limit | 100 лотов | – | 20 % | 50 % | No | No | Yes | No | – |
Added
|
||
14
|
AMarkets | 2007 | FSA | Yes |
|
NDD, ECN | 1 $ | 1:3000 | N/A | 25 % |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 300 | iOS, Android | – | – | – | Saint Vincent and the Grenadines | Saint Vincent and the Grenadines | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, MetaTrader 5”] | Yes | No | 390 | Promotions, Futures | NASDAQ (US), NYSE (USA) | yes | yes | English, Armenian | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.03 sec. | No limit | 20 лотов | 50 % | 20 % | 50 % | No | No | Yes | Yes | – |
Added
|
||
15
|
FxGlory | 2012 | – | Yes |
|
NDD, MM | 50 $ | 1:30 | N/A | – |
Real
Demo
|
No | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | – | iOS, Android | – | – | – | Georgia | Bulgaria, Georgia | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, MetaTrader 5”] | Yes | No | – | – | – | yes | yes | English, Arab | English | – | – | – | – | No | Yes | No | No | No | No | Yes | Yes | 0.0001 sec. | 1000 | 1000 лотов | 50 % | 30 % | 50 % | Yes | No | No | Yes | – |
Added
|
||
16
|
eToro | 2008 | ASIC, FCA | No |
|
NDD, STP | 10000 $ | 1:40 | N/A | – |
Real
Demo
|
No | – | – | – | – | Yes | – | – | – | CFD’s, Cryptocurrencies | – | No | – | Yes | yes | 1000 | iOS, Android | – | – | – | Cyprus | United Kingdom, China | – | Trading conditions | iOS, Android | Etoro | [“eToro Trader”] | Yes | Yes | – | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | No | – | No limit | – | 20 % | 20 % | 20 % | No | Yes | Yes | No | – |
Added
|
||
17
|
Interactive Brokers | 1977 | FCA, CFTC | No |
|
MM | 1000 $ | 1:200 | N/A | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 495 | iOS, Android | – | – | – | USA | United Kingdom, Hong Kong | – | Trading conditions | iOS, Android | – | [“”] | Yes | Yes | 91 | Promotions, Futures | NASDAQ (US), CME (USA) | yes | yes | English, Spanish | English, Spanish | – | – | – | – | No | Yes | No | No | No | No | No | No | – | – | – | – | – | – | Yes | No | Yes | No | – |
Added
|
||
18
|
Dukascopy Bank SA | 1998 | FINMA | No |
|
ECN | 100 $ | 1:300 | – | – |
Real
Demo
|
Yes | Yes | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 1168 | iOS, Android | – | PAMM | – | Switzerland | Hong Kong, China | – | Trading conditions | iOS, Android | – | [“Jforex”] | Yes | Yes | – | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | 200 | 250 лотов | – | 200 % | 100 % | No | Yes | No | Yes | – |
Added
|
||
19
|
Markets.com | 2006 | CySEC | Yes |
|
NDD | 10 $ | 1:2000 | – | 100% |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 2500 | iOS, Android | – | – | – | Cyprus | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Market Mobile Trader”] | Yes | Yes | 50 | Promotions, Bonds | NASDAQ (US), CME (USA) | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | No limit | – | – | – | 20 % | No | Yes | Yes | No | – |
Added
|
||
20
|
GrandCapital | 2006 | – | Yes |
|
STP | 1 $ | – | – | 25 $ |
Real
Demo
|
No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 400 | iOS, Android | – | – | – | Russia | Azerbaijan, Bangladesh | – | Trading conditions | iOS, Android | MQL.5 Signals | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | Yes | 20 | Promotions, Futures | NASDAQ (US), CME (USA) | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | No limit | 1000 лотов | 25 % | 20 % | 50 % | No | Yes | Yes | Yes | – |
Added
|
||
21
|
FBS | 2009 | IFSC, NAFD | Yes |
|
ECN, STP | 0 $ | 1:1000 | – | 40% |
Real
Demo
|
No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | iOS, Android | – | – | – | Belize | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | No | No | – | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | No | No | No | No | No | No | No | 0.2 sec. | No limit | 100 лотов | 50 % | 20 % | 40 % | No | Yes | Yes | No | – |
Added
|
||
22
|
FreshForex | 2004 | KROUFR | Yes |
|
NDD, MM | 100 $ | 1:500 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 130 | iOS, Android | 36 | PAMM, LAMM | – | Russia | Saint Vincent and the Grenadines | – | Trading conditions | iOS, Android | – | [“MetaTrader 4”] | No | No | 390 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.1 sec. | No limit | 100 лотов | 25 % | 20 % | 40 % | No | Yes | Yes | Yes | – |
Added
|
||
23
|
FxPro | 2006 | FCA, CySEC | Yes |
|
NDD, ECN | 0 $ | 1:500 | – | – |
Real
Demo
|
Yes | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 71 | iOS, Android | – | PAMM, MAM | – | United Kingdom | United Kingdom, Cyprus | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, cTrader”] | Yes | Yes | 390 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 5.0E-5 sec. | No limit | 10000 лотов | – | 20 % | 20 % | No | No | Yes | Yes | – |
Added
|
||
24
|
FIBO Group | 1998 | FSC, CNMV | Yes |
|
NDD, MM | 5 $ | 1:1000 | – | – |
Real
Demo
|
Yes | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 70 | iOS, Android | – | PAMM | – | Austria | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, cTrader”] | Yes | No | 389 | – | – | yes | yes | English, Indonesian | English, Arab | – | – | – | – | No | No | No | No | No | No | No | Yes | – | No limit | No limit | – | 20 % | – | No | Yes | Yes | Yes | – |
Added
|
||
25
|
HotForex | 2010 | CySEC, FSC | No |
|
NDD | 100 $ | 1:400 | – | – |
Real
Demo
|
No | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | iOS, Android | – | – | – | Cyprus | Mauritius, Saint Vincent and the Grenadines | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 390 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.3 sec. | 500 | No limit | – | 10 % | 40 % | No | No | No | Yes | – |
Added
|
||
26
|
HYCM | 1977 | FCA | Yes |
|
MM | 0 $ | 1:50 | – | 10% |
Real
Demo
|
Yes | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | – | iOS, Android | – | – | – | United Kingdom | Hong Kong, Cyprus | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | No | Yes | 390 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.01 sec. | No limit | 50 лотов | – | 10 % | 70 % | No | No | Yes | Yes | – |
Added
|
||
27
|
OANDA | 1996 | ASIC, FCA | Yes |
|
– | 10000 $ | 1:100 | – | – |
Real
Demo
|
Yes | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | iOS, Android | – | – | – | USA | Australia, Bangladesh | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Oanda FxTrade”] | Yes | Yes | 73 | – | – | yes | yes | English, Spanish | English, Spanish | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | – | – | No | Yes | Yes | No | – |
Added
|
||
28
|
Saxo Bank | 1992 | ASIC, FCA | No |
|
ECN, STP | 0 $ | 1:100 | – | – |
Real
Demo
|
Yes | Yes | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 32421 | iOS, Android | – | – | – | Denmark | Australia, Brazil | – | Trading conditions | iOS, Android | – | [“SaxoTrader”] | Yes | Yes | 148 | Promotions, Futures | NASDAQ (US), CME (USA) | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | – | – | No | Yes | Yes | Yes | – |
Added
|
||
29
|
FXCM | 1999 | ASIC, FCA | Yes |
|
NDD | 100 $ | 1:500 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 57 | iOS, Android | – | LAMM, MAM | – | USA | Australia, United Kingdom | – | Trading conditions | iOS, Android | – | [“FXCM Trading Station, MetaTrader 4”] | Yes | Yes | 37 | – | – | yes | yes | English | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.2 sec. | No limit | – | – | 100 % | 100 % | No | Yes | No | Yes | – |
Added
|
||
30
|
RoboMarkets | 2012 | CySEC | Yes |
|
NDD, ECN | 1000 $ | 1:100 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 8700 | iOS, Android | – | – | – | Cyprus | Germany, Cyprus | – | Trading conditions | iOS, Android | MQL.5 Signals | [“MetaTrader 4, MetaTrader 5”] | Yes | Yes | 50 | Promotions, Depositary Receipts (ADR and GDR) | NASDAQ (US), CME (USA) | yes | yes | English, Spanish | English, Spanish | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | 200 | 100 лотов | 25 % | 20 % | 100 % | No | Yes | No | Yes | – |
Added
|
||
31
|
Swissquote | 1996 | FINMA | Yes |
|
STP | 250 $ | 1:50 | – | – |
Real
Demo
|
No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 200 | iOS, Android | – | – | – | Switzerland | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Advanced Trader”] | No | No | – | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | No | No | No | No | No | No | No | – | No limit | No limit | 1 % | 0 % | 0 % | No | Yes | Yes | No | – |
Added
|
||
32
|
FXDD | 2002 | MFSA | No |
|
NDD, ECN | 100 $ | – | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 95 | iOS, Android | – | – | – | Malta | – | – | Trading conditions | iOS, Android | – | [“Jforex, MetaTrader 4”] | Yes | Yes | 59 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | – | – | No | Yes | Yes | No | – |
Added
|
||
33
|
DeltaStock | 1998 | BNB | No |
|
NDD, ECN | 100 $ | 1:400 | – | – |
Real
Demo
|
No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | – | iOS, Android | – | – | – | Bulgaria | – | – | Trading conditions | iOS, Android | – | [“DeltaTrader, MetaTrader 4”] | No | No | – | – | – | yes | yes | English, Spanish | English, Spanish | – | – | – | – | No | No | No | No | No | No | No | No | 0.001 sec. | No limit | No limit | – | 20 % | 50 % | No | Yes | Yes | No | – |
Added
|
||
34
|
ActivTrades | 2001 | FCA, CNMV | Yes |
|
NDD | 0 $ | 1:500 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 94 | iOS, Android | – | – | – | Estonia | Bulgaria, United Kingdom | – | Trading conditions | iOS, Android | – | [“”] | – | – | – | – | – | yes | yes | English, Arab | English, Spanish | – | – | – | – | No | No | No | No | No | No | No | Yes | 0.5 sec. | No limit | 100 лотов | 50 % | 30 % | 100 % | No | Yes | Yes | Yes | – |
Added
|
||
35
|
Admiral Markets | 2001 | FCA, CNMV | No |
|
NDD, ECN | 0 $ | 1:1000 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 68 | iOS, Android | – | PAMM | – | Vanuatu | – | – | Trading conditions | iOS, Android | MQL.5 Signals | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | – | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | 100 | 1000 лотов | – | 20 % | 40 % | No | Yes | Yes | Yes | – |
Added
|
||
36
|
NordFX | 2008 | SEBI, VFSC | Yes |
|
NDD, ECN | 1 $ | 1:200 | – | 100% |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, Cryptocurrencies | – | No | – | Yes | yes | 334 | iOS, Android | – | – | – | Saint Vincent and the Grenadines | India, Thailand | – | Trading conditions | iOS, Android | MQL.5 Signals | [“MetaTrader 4”] | No | No | – | Promotions, Futures | NASDAQ (US), CME (USA) | yes | yes | English, Russian | English, Russian | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.005 sec. | 200 | 100 лотов | 25 % | 20 % | 100 % | No | No | Yes | Yes | – |
Added
|
||
37
|
BCS Forex | 2006 | FSA | No |
|
NDD, ECN | 0 $ | 1:400 | – | 50% |
Real
Demo
|
Yes | Yes | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 500 | iOS, Android | 7 | – | – | Cyprus | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 5, MetaTrader 5 Mobile”] | Yes | No | – | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.01 sec. | No limit | No limit | – | 10 % | – | No | No | Yes | Yes | – |
Added
|
||
38
|
IFC Markets | 2006 | FSC, CySEC | No |
|
STP | 100 $ | 1:300 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | – | iOS, Android | – | – | – | Latvia | Latvia | – | Trading conditions | iOS, Android | – | [“NetTradeX, MetaTrader 4”] | Yes | Yes | – | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | No | 0.4 sec. | 200 | No limit | – | 200 % | 100 % | No | No | Yes | No | – |
Added
|
||
39
|
Dukascopy Europe | 2010 | FCMC | No |
|
ECN | 0 $ | 1:40 | – | – |
Real
Demo
|
No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | 34 | iOS, Android | – | – | – | Russia | – | – | Trading conditions | iOS, Android | – | [“Jforex”] | No | No | 29 | – | – | yes | yes | Russian | Russian | – | – | – | – | No | No | No | No | No | No | No | Yes | 0.002 sec. | – | No limit | 50 % | 85 % | 100 % | No | Yes | No | Yes | – |
Added
|
||
40
|
Alfa-Forex | 2016 | CBR | No |
|
NDD | 500 $ | 1:500 | – | – |
Real
Demo
|
Yes | Yes | – | – | – | Yes | – | – | – | Currency | – | No | – | Yes | yes | – | iOS, Android | – | – | – | Cyprus | – | – | Trading conditions | iOS, Android | – | [“”] | – | – | – | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | No | – | No limit | – | – | 20 % | – | No | Yes | Yes | No | – |
Added
|
||
41
|
Orbex | 2010 | CySEC | Yes |
|
ECN | 10 $ | 1:200 | – | – |
Real
Demo
|
No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | – | iOS, Android | – | – | – | Russia | Belize, United Kingdom | – | Trading conditions | iOS, Android | Zulutrade | [“MetaTrader 5, MetaTrader 5 Mobile”] | Yes | No | – | – | – | yes | yes | English, Russian | English, Russian | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.1 sec. | – | 50 лотов | 50 % | 20 % | – | No | Yes | No | Yes | – |
Added
|
||
42
|
NPBFX | 1996 | IFSC | No |
|
NDD, STP | 100 $ | 1:300 | – | – |
Real
Demo
|
Yes | Yes | – | – | – | Yes | – | – | – | Currency | – | No | – | Yes | yes | 2000 | iOS, Android | – | – | – | Israel | Australia, United Kingdom | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | No | No | 59 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | No limit | – | – | – | – | No | Yes | Yes | No | – |
Added
|
||
43
|
Plus500 | – | – | – |
|
– | 1 $ | 1:5000 | – | – |
Real
Demo
|
No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | iOS, Android | – | PAMM | – | – | – | – | Trading conditions | iOS, Android | – | [“”] | No | No | 109 | – | – | yes | yes | English, Polish | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | No | – | – | 1000 лотов | – | 10 % | 30 % | Yes | No | Yes | No | – |
Added
|
||
44
|
ForexMart | 2015 | CySEC | Yes |
|
ECN | 0 $ | 1:200 | – | – |
Real
Demo
|
No | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 100 | iOS, Android | 3 | PAMM | – | United Kingdom | Austria, United Kingdom | – | Trading conditions | iOS, Android | – | [“”] | Yes | Yes | 101 | Promotions, Futures | NASDAQ (US), LSE (United Kingdom) | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | No | 0.09 sec. | – | No limit | 5 % | 50 % | 100 % | Yes | No | Yes | No | – |
Added
|
||
45
|
IG | 1974 | ASIC, FCA | No |
|
DMA, MM | 1 $ | 1:400 | – | – |
Real
Demo
|
Yes | Yes | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | Yes | yes | – | iOS, Android | – | – | – | Singapore | Russia, Singapore | – | Trading conditions | iOS, Android | – | [“MetaTrader 4”] | Yes | Yes | – | – | – | yes | yes | English, Russian | English, Indonesian | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | – | – | No | Yes | No | No | – |
Added
|
||
46
|
ForexChief | 2014 | VFSC | Yes |
|
ECN, STP | 100 $ | 1:400 | – | – |
Real
Demo
|
No | – | – | – | – | No | – | – | – | – | – | No | – | No | yes | – | iOS, Android | – | – | – | Cyprus | Australia, China | – | Trading conditions | iOS, Android | – | [“MetaTrader 4”] | Yes | No | – | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | No | No | No | No | No | No | No | – | – | – | – | – | – | Yes | Yes | No | No | – |
Added
|
||
47
|
EasyMarkets | 2001 | ASIC, CySEC | Yes |
|
MM | 250 $ | 1:200 | – | – |
Real
Demo
|
No | – | – | – | – | No | – | – | – | – | – | No | – | No | yes | 1500 | iOS, Android | – | – | – | United Kingdom | Hungary, Germany | – | Trading conditions | iOS, Android | – | [“MetaTrader 4”] | Yes | Yes | 46 | – | – | yes | yes | English | English, Hungarian | – | – | – | – | No | No | No | No | No | No | No | Yes | – | – | 50 лотов | 50 % | 30 % | 30 % | Yes | Yes | Yes | Yes | – |
Added
|
||
48
|
XTB.com | 2002 | FCA, CNMV | Yes |
|
NDD, STP | 0 $ | 1:500 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 10042 | iOS, Android | – | – | – | United Kingdom | Australia, Austria | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | Yes | 389 | – | – | yes | yes | English, Spanish | English, Spanish | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | 200 | – | – | – | – | No | No | No | Yes | – |
Added
|
||
49
|
CMC Markets | 1989 | ASIC, FCA | Yes |
|
NDD, STP | 100 $ | 1:500 | – | – |
Real
Demo
|
No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | No | yes | 44 | iOS, Android | – | – | – | Saint Vincent and the Grenadines | United Kingdom | – | Trading conditions | iOS, Android | – | [“CMC Next Generation”] | Yes | Yes | 27 | – | – | yes | yes | English, Indonesian | English, Bengal | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.1 sec. | – | – | – | 15 % | 25 % | No | Yes | No | Yes | – |
Added
|
||
50
|
Octa FX | 2011 | FCA, FSA | Yes |
|
ECN | 50 $ | 1:1000 | – | 50 % |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 92 | iOS, Android | – | – | – | USA | USA | – | Trading conditions | iOS, Android | – | [“cTrader, MetaTrader 4”] | Yes | No | 47 | – | – | yes | yes | English | English | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | 100 лотов | – | 15 % | 30 % | No | Yes | No | Yes | – |
Added
|
||
51
|
LMFX | 2015 | – | Yes |
|
NDD | 200 $ | 1:200 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 49 | iOS, Android | – | MAM | – | United Kingdom | China, Mauritius | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 32 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | – | – | No | No | No | Yes | – |
Added
|
||
52
|
ICM Capital | 2009 | – | Yes |
|
NDD | 200 $ | 1:400 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 59 | iOS, Android | – | – | – | United Kingdom | Australia | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 37 | – | – | yes | yes | English | English, Italian | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | 50 лотов | – | 50 % | 100 % | No | Yes | Yes | No | – |
Added
|
||
53
|
PhillipCapital UK | 1975 | ASIC, FCA | No |
|
NDD | 1000 $ | 1:200 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 80 | iOS, Android | – | MAM | – | United Kingdom | Hong Kong, United Arab Emirates | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 42 | – | – | yes | yes | English | English, Chinese | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | 500 | – | – | 20 % | – | No | Yes | Yes | No | – |
Added
|
||
54
|
Hantec Markets | 2009 | FCA | Yes |
|
NDD | 0 $ | 1:200 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 3000 | iOS, Android | 14 | – | – | Russia | Russia | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 30 | Promotions, Futures | NASDAQ (US), NYSE (USA) | yes | yes | English, Russian | English, Russian | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | 50 % | 30 % | 30 % | No | Yes | Yes | No | – |
Added
|
||
55
|
Finam Forex | 1994 | CBR, NAFD | No |
|
NDD, DMA | 100 $ | 1:400 | – | – |
Real
Demo
|
Yes | Yes | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 200 | iOS, Android | – | PAMM | – | Ireland | Australia, Germany | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, MetaTrader 5”] | Yes | Yes | 47 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 10 % | 10 % | No | Yes | Yes | No | – |
Added
|
||
56
|
Core Spreads | 2014 | FCA | Yes |
|
NDD | 1 $ | 1:240 | – | 50 % |
Real
Demo
|
No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | No | yes | 1605 | iOS, Android | – | – | – | United Kingdom | – | – | Trading conditions | iOS, Android | – | [“CoreTrader, MetaTrader 4”] | Yes | Yes | 33 | – | – | yes | yes | English | English | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 20 % | 20 % | No | No | No | Yes | – |
Added
|
||
57
|
Fort Financial Service | 2010 | IFSC | No |
|
NDD, ECN | 5 $ | 1:1000 | – | 50 % |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | * | iOS, Android | 5 | – | – | Belize | Malaysia | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, NinjaTrader”] | Yes | No | 35 | Promotions | NASDAQ (US), CME (USA) | yes | yes | English, Spanish | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.1 sec. | – | 100 лотов | – | 10 % | 30 % | No | No | Yes | Yes | – |
Added
|
||
58
|
BMFN | 1988 | ASIC, FCA | No | – | NDD, DMA | 0 $ | 1:400 | – | 20 % |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 90 | iOS, Android | – | LAMM, MAM | – | United Kingdom | Australia, Bulgaria | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 22 | Funds (ETF) | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | No | – | – | – | – | 100 % | 110 % | No | Yes | Yes | Yes | – |
Added
|
||
59
|
FxGiants | 2015 | ASIC, FCA | Yes |
|
ECN, STP | 50 $ | 1:500 | – | 20 % |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 250 | iOS, Android | – | MAM | – | Cyprus | Cyprus | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 389 | – | – | yes | yes | English, Arab | English, Spanish | – | – | – | – | No | No | No | No | No | No | No | Yes | 0.01 sec. | – | 80 лотов | – | 20 % | 40 % | No | No | No | Yes | – |
Added
|
||
60
|
Degiro | 2008 | BaFin | Yes |
|
NDD | 0 $ | – | – | – |
Real
Demo
|
No | – | – | – | – | No | – | – | – | CFD’s, Exchange | – | No | – | No | yes | 100 | iOS, Android | – | – | – | Bulgaria | Netherlands | – | Trading conditions | iOS, Android | – | [“DEGIRO WebTrader”] | Yes | Yes | – | Promotions, Futures | NASDAQ (US), CME (USA) | yes | yes | English, Hungarian | English, Hungarian | – | – | – | – | No | No | No | No | No | No | No | Yes | – | – | – | – | – | – | No | Yes | Yes | No | – |
Added
|
||
61
|
GO Markets | 2006 | ASIC | No | – | NDD | 200 $ | 1:300 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 67 | iOS, Android | – | – | – | Australia | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 43 | – | – | yes | yes | English, Chinese | English, Chinese | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 20 % | 80 % | Yes | No | No | Yes | – |
Added
|
||
62
|
Forex.ee | 2004 | FSA | No |
|
NDD, ECN | – | 1:500 | – | 15 % |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, Cryptocurrencies | – | No | – | No | yes | 51 | iOS, Android | – | PAMM | – | Saint Vincent and the Grenadines | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 45 | – | – | yes | yes | English | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 15 % | 30 % | No | No | Yes | Yes | – |
Added
|
||
63
|
Tickmill | 2014 | FCA, SIBA | Yes |
|
NDD | 10 $ | 1:500 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 84 | iOS, Android | – | – | – | Seychelles | United Kingdom | – | Trading conditions | iOS, Android | – | [“MetaTrader 4”] | Yes | No | 62 | – | – | yes | yes | – | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | 0.1 sec. | – | – | – | 30 % | 100 % | No | Yes | Yes | No | – |
Added
|
||
64
|
Yadix.com | – | – | – |
|
– | 25 $ | 1:500 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 77 | iOS, Android | – | MAM | – | – | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | No | No | 56 | – | – | yes | yes | English, Malay | English, Malay | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 50 % | 100 % | No | No | No | Yes | – |
Added
|
||
65
|
Instaforex | – | – | – | – | – | 100 $ | 1:400 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 4600 | iOS, Android | – | – | – | – | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | Yes | 63 | – | – | yes | yes | English | English | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | 200 | – | – | 50 % | 80 % | No | Yes | No | Yes | – |
Added
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66
|
etoro | – | – | – |
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– | 250 $ | 1:500 | – | – |
Real
Demo
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No | – | – | – | – | No | – | – | – | – | – | No | – | No | yes | – | iOS, Android | – | PAMM, MAM | – | – | – | – | Trading conditions | iOS, Android | – | [“”] | No | No | – | – | – | yes | yes | English, Hungarian | English, Arab | – | – | – | – | No | No | No | No | No | No | No | No | – | 5 | – | – | – | – | Yes | Yes | No | Yes | – |
Added
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67
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Swiss Markets | 2012 | CySEC | Yes |
|
STP | 100 $ | 1:500 | – | – |
Real
Demo
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Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | – | – | PAMM | – | Germany | Cyprus | – | Trading conditions | – | – | [“MetaTrader 4”] | Yes | Yes | 389 | – | — | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | 350 лотов | 100 % | 20 % | 100 % | No | Yes | No | No | – |
Added
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68
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PSB Forex | 2016 | CBR, NAFD | No |
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NDD | 200 $ | 1:40 | – | – |
Real
Demo
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No | Yes | – | – | – | Yes | – | – | – | Currency | – | No | – | No | yes | 17 | iOS, Android | – | – | – | Malaysia | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 5, MetaTrader 5 Mobile”] | Yes | No | 17 | – | – | yes | yes | Russian | Russian | – | – | – | – | No | Yes | No | No | No | No | No | No | – | – | 10 лотов | – | 50 % | 45 % | No | Yes | No | Yes | – |
Added
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69
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ICE FX | 2015 | – | No | – | STP | 1500 $ | 1:300 | – | 100 % |
Real
Demo
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Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 63 | iOS, Android | – | PAMM, MAM | – | Canada | Cyprus | – | Trading conditions | iOS, Android | – | [“MetaTrader 4”] | No | No | 3 | – | – | yes | yes | English, Russian | English, Russian | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | 1000 лотов | 50 % | 50 % | 100 % | No | Yes | No | Yes | – |
Added
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70
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FriedbergDirect | 2008 | IIROC | No |
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NDD, STP | 30 $ | 1:33 | – | – |
Real
Demo
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No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | No | yes | 200 | iOS, Android | – | – | – | Cyprus | Germany | – | Trading conditions | iOS, Android | – | [“FXCM Trading Station”] | Yes | No | 36 | – | – | yes | yes | English | English | – | – | – | – | No | Yes | No | No | No | No | No | No | – | – | 500 лотов | – | 25 % | 90 % | No | Yes | No | Yes | – |
Added
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71
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TrioMarkets | 2014 | CySEC | Yes |
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ECN, STP | 0 $ | 1:300 | – | – |
Real
Demo
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Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 101 | iOS, Android | – | PAMM, MAM | – | Singapore | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 49 | – | – | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 30 % | 200 % | Yes | No | Yes | No | – |
Added
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72
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iOCBCfx | 2004 | MAS | No | – | NDD | 500 $ | 1:35 | – | – |
Real
Demo
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Yes | Yes | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 500 | iOS, Android | – | – | – | Singapore | – | – | Trading conditions | iOS, Android | – | [“iOCBC”] | Yes | Yes | 35 | – | – | yes | yes | English | English | – | – | – | – | No | Yes | No | No | No | No | No | No | – | – | – | – | 30 % | 100 % | No | Yes | Yes | No | – |
Added
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73
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UOB Kay Hian | 2000 | MAS | No | – | NDD | 1000 $ | 1:50 | – | – |
Real
Demo
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No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | iOS, Android | – | – | – | Singapore | United Kingdom, Hong Kong | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, UTRADE FX Elite”] | Yes | Yes | 34 | Bonds, Depositary Receipts (ADR and GDR) | NYSE (USA), LSE (United Kingdom) | yes | yes | English, Chinese | English, Chinese | – | – | – | – | No | Yes | No | No | No | No | No | No | – | – | – | – | 20 % | 100 % | No | Yes | Yes | No | – |
Added
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74
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KGI Futures | 2001 | MAS | No | – | NDD | 0 $ | 1:50 | – | – |
Real
Demo
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Yes | – | – | – | – | Yes | – | – | – | Currency, Exchange | – | No | – | No | yes | 127 | iOS, Android | – | – | – | Singapore | China | – | Trading conditions | iOS, Android | – | [“CQG Trader”] | Yes | Yes | 11 | Promotions, Futures | CME (USA), NYSE (USA) | yes | yes | English, Chinese | English, Chinese | – | – | – | – | No | Yes | No | No | No | No | No | No | – | – | – | – | 20 % | 100 % | No | Yes | Yes | No | – |
Added
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75
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KE Forex | 1972 | MAS | No | – | NDD | 1000 $ | 1:50 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 1000 | iOS, Android | – | – | – | Singapore | – | – | Trading conditions | iOS, Android | – | [“Currenex Classic, KE Trade”] | Yes | Yes | 44 | Promotions, Futures | CME (USA), NYSE (USA) | yes | yes | English | English | – | – | – | – | No | Yes | No | No | No | No | No | No | – | – | – | – | 30 % | 100 % | No | Yes | Yes | No | – |
Added
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76
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City Index Singapore | 2006 | MAS | No | – | MM | 0 $ | 1:50 | – | – |
Real
Demo
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Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 4500 | iOS, Android | – | – | – | Singapore | Australia, United Kingdom | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, AT Pro”] | Yes | Yes | 58 | – | – | yes | yes | English | English | — | – | – | – | No | Yes | No | No | No | No | No | Yes | – | 500 | – | – | 30 % | 100 % | No | Yes | No | No | – |
Added
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77
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Haitong | 2010 | MAS | No | – | NDD, ECN | 100 $ | 1:50 | – | – |
Real
Demo
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Yes | Yes | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 100 | iOS, Android | – | – | – | Singapore | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Currenex Classic”] | Yes | No | 6 | – | – | yes | yes | English, Chinese | English, Chinese | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 50 % | 100 % | No | Yes | Yes | No | – |
Added
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78
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FXCitizen | 2010 | VFSC | No | – | NDD, ECN | 0 $ | 1:1000 | – | – |
Real
Demo
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Yes | – | – | – | – | Yes | – | – | – | Currency | – | No | – | No | yes | 38 | iOS, Android | – | – | – | Belize | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 35 | – | – | yes | yes | English, Chinese | English, Chinese | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 30 % | 100 % | No | Yes | Yes | Yes | – |
Added
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79
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Land FX | 2013 | FCA, FSCS | No |
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NDD, ECN | 0 $ | 1:500 | – | 10 % |
Real
Demo
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No | – | – | – | – | No | – | – | – | – | – | No | – | No | yes | – | iOS, Android | – | – | – | United Kingdom | Egypt, Indonesia | – | Trading conditions | iOS, Android | Zulutrade | [“”] | Yes | No | – | – | – | yes | yes | English, Arab | English, Vietnamese | – | – | – | – | No | No | No | No | No | No | No | No | – | – | – | – | – | – | Yes | Yes | No | No | – |
Added
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80
|
Pepperstone | 2010 | ASIC | Yes |
|
ECN | 300 $ | 1:400 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 93 | iOS, Android | – | MAM | – | Australia | China, USA | – | Trading conditions | iOS, Android | Zulutrade | [“MetaTrader 4, cTrader”] | Yes | No | 31 | – | – | yes | yes | English, Russian | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 20 % | 90 % | No | No | No | Yes | – |
Added
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81
|
Vantage FX | 2009 | ASIC | Yes |
|
ECN | 200 $ | 1:500 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 56 | iOS, Android | – | PAMM, MAM | – | Australia | – | – | Trading conditions | iOS, Android | Zulutrade | [“MetaTrader 4, MetaTrader 5”] | Yes | No | 38 | – | – | yes | yes | English | English, Vietnamese | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 50 % | 80 % | No | No | No | Yes | – |
Added
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82
|
AXITrader | 2007 | ASIC, FCA | Yes | – | NDD | 200 $ | 1:400 | – | – |
Real
Demo
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Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 134 | iOS, Android | – | MAM | – | Australia | United Kingdom, United Arab Emirates | – | Trading conditions | iOS, Android | – | [“MetaTrader 4”] | Yes | No | 83 | – | – | yes | yes | English | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 20 % | 90 % | No | No | No | Yes | – |
Added
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83
|
Ak Investment | 1996 | SPK | No | – | NDD, DMA | 0 $ | 1:100 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, Exchange | – | No | – | No | yes | 100 | iOS, Android | – | – | – | Turkey | – | – | Trading conditions | iOS, Android | – | [“TradeAll”] | Yes | Yes | 28 | Futures, Promotions | NASDAQ (US), NYMEX (USA) | yes | yes | English, Turkish | English, Turkish | – | – | – | – | No | Yes | No | No | No | No | No | No | – | 1000 | – | – | 50 % | 100 % | Yes | No | Yes | No | – |
Added
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84
|
InvestAZ | 2010 | FSP, SPK | No | – | ECN | 1000 $ | 1:1000 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | 99 | iOS, Android | – | – | – | New Zealand | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, MetaTrader 5”] | Yes | Yes | 44 | – | – | yes | yes | Azerbaijani, English | Azerbaijani, English | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 20 % | 40 % | No | No | No | Yes | – |
Added
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85
|
Corner Trader | 2012 | FINMA | No | – | MM | 100 $ | 1:200 | – | – |
Real
Demo
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No | – | – | – | – | No | – | – | – | Currency, CFD’s | – | No | – | No | yes | 1000 | iOS, Android | – | – | – | Switzerland | – | – | Trading conditions | iOS, Android | – | [“Cornu00e8rTrader”] | Yes | Yes | 28 | Promotions, Futures | NASDAQ (US), NYSE (USA) | yes | yes | English, Italian | English, Italian | – | – | – | – | No | Yes | No | No | No | No | No | No | – | – | – | – | 50 % | 100 % | No | No | Yes | No | – |
Added
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86
|
Abshire-Smith | 2011 | FCA, FSCS | No | – | STP, DMA | 1 $ | 1:200 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | iOS, Android | – | – | – | United Kingdom | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Vortex MT”] | Yes | No | 20 | Promotions, Futures | NASDAQ (US), NYSE (USA) | yes | yes | English, Arab | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 5 % | 5 % | Yes | No | No | Yes | – |
Added
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||
87
|
ArgusFX | 2000 | CySEC | No | – | STP | 500 $ | 1:500 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | iOS, Android | – | MAM | – | Cyprus | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 51 | – | – | yes | yes | English, Deutsch | English, Arab | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | – | 100 % | No | Yes | Yes | No | – |
Added
|
||
88
|
Ayondo | 2008 | FCA, BaFin | No |
|
NDD | 0 $ | 1:100 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | yes | – | iOS, Android | – | – | – | United Kingdom | Germany, Spain | – | Trading conditions | iOS, Android | – | [“”] | Yes | Yes | 35 | – | – | yes | yes | English | English, Chinese | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | – | 100 % | No | Yes | No | Yes | – |
Added
|
||
89
|
Bacera | 2009 | ASIC | No | – | MM | 100 $ | 1:400 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | – | 56 | iOS, Android | – | – | – | Australia | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 4, Meta Trader 4 Mobile”] | Yes | No | 27 | – | – | yes | yes | English | English | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | – | 100 % | No | Yes | Yes | No | – |
Added
|
||
90
|
BogoFinance | 2006 | CySEC | No | – | NDD | 0 $ | 1:100 | – | – |
Real
Demo
|
Yes | – | – | – | – | Yes | – | – | – | Currency, CFD’s | – | No | – | No | – | 47 | iOS, Android | – | – | – | Lebanon | – | – | Trading conditions | iOS, Android | – | [“MetaTrader 5, MetaTrader 5 Mobile”] | Yes | No | 32 | – | – | – | – | – | – | – | – | – | – | No | Yes | No | No | No | No | No | Yes | – | – | – | – | 20 % | 100 % | No | Yes | Yes | Yes | – |
Added
|
10 Best Forex Brokers
#1 Avatrade – Best Overall
Avatrade is a regulated forex broker that offers online trading services in more than 250 instruments across multiple markets, including forex, indices, commodities, shares, and cryptos. In addition, it carries seven regulations on seven different continents, including UAE, South Africa, Japan, Australia, Europe, and the British Virgin Islands.
With Avatrade, you can start trading with a minimum deposit of $100 and leverage of up to 400:1. Traders can also take advantage of the broker’s numerous bonuses, including a welcome bonus of up to $10,000 and an Avapoints loyalty program to earn extra points.
In addition, traders can trade several instruments, including forex pairs, commodities, stocks, indices, bonds, ETFs, and Vanilla Options. Furthermore, AvaTrade is regulated by seven international commissions to ensure the safety of our customers: CBI (EU), B.V.I. FSC (British Virgin Islands), ASIC (Australia), FSCA (RSA), FRSA (UAE), FSA, and FFAJ (Japan).
Advantages
- Regulated by multiple financial authorities
- Leverage up to 400:1
- Negative Balance Protection
- Multiple account types and platforms
Disadvantages
- No US clients accepted
- Variable spreads
#2 Roboforex
Avatrade is a regulated forex broker that offers online trading services in more than 250 instruments across multiple markets, including forex, indices, commodities, shares, and cryptos. In addition, it carries seven regulations on seven different continents, including UAE, South Africa, Japan, Australia, Europe, and the British Virgin Islands.
With Avatrade, you can start trading with a minimum deposit of $100 and leverage of up to 400:1. Traders can also take advantage of the broker’s numerous bonuses, including a welcome bonus of up to $10,000 and an Avapoints loyalty program to earn extra points.
In addition, traders can trade several instruments, including forex pairs, commodities, stocks, indices, bonds, ETFs, and Vanilla Options. Furthermore, AvaTrade is regulated by seven international commissions to ensure the safety of our customers: CBI (EU), B.V.I. FSC (British Virgin Islands), ASIC (Australia), FSCA (RSA), FRSA (UAE), FSA, and FFAJ (Japan).
Advantages
- Lots of account types with low minimum deposit requirements
- Leverage up to 1:2000
- Highest affiliate payments
- Instant payment withdrawals
Disadvantages
- A minimum deposit of $10 is required
- Lack of cryptocurrency trading tools
- For accounts Pro, Pro-Cent, ECN, and Prime, there are only 36 different currency pairs
#3 Exness
Exness is a global brokerage firm with two main offices in Seychelles and Cyprus. This company provides financial services, investment solutions, and mainly corporate partnerships to clients worldwide. The EU-based company in Cyprus, which is fully regulated, provides services to members within the EEA and other parts of the world.
Exness offers several assets, including stocks, cryptocurrency, over 120 currency pairs, and metals. The broker’s service is reliable, with low commission, instant execution of orders, and withdrawal of funds. With the leverage of 1:100 up to 1:2000, Exness is one of the best brokers for scalpers.
In addition, this broker includes a wide range of payment systems to deposit and withdraw money using any currency pair. Plus, with infinite leverage, traders have the ability to make profits on small deposits — something other platforms don’t offer.
Advantages
- Free of cost VPS hosting
- Instant money withdrawal
- Segregated accounts
- Narrow Spreads
- Several trading platforms (MT4, MT5, and mobile trading)
Disadvantages
- High minimum deposit requirements
- Although the Exness Training resource section is comprehensive, it would be more inclusive if offered in multiple languages.
#4 Alpari
Alpari is a global trading company founded in 1998 by three partners in Russia. The company has acquired extensive experience and expertise over the years of operation and has become one of the largest Forex brokers.
Alpari is committed to offering high-quality services for trading on the foreign exchange currency market. With over a million clients in 150 countries and offices around the globe, Alpari has a reputation for reliability and excellence.
With the leverage of Up to 1:3000 and spread from 0.2 pips, Alpari is suitable for scalpers as well as long-term traders. The company also provides a demo account to test strategies and get familiar with the trading platform.
Advantages
- A wide variety of account types with low minimum deposit requirements
- Leverage up to 1:3000
- Excellent customer support
- Several ways to deposit and withdraw quick funds
Disadvantages
- No trades on weekends
- Several perks are only available on VIP accounts.
- Swap-free Islamic accounts just for MetaTrader 4.
#5 FXChoice
FXChoice is a good choice for beginner forex traders as it offers multiple account types and 100:1 leverage. In addition, it is a MetaTrader-only broker that provides access to the MT4 and MT5 platforms.
FXChoice offers leverage of 1:200 on all account types, and spreads start from 0.1 pips on the ECN account. The minimum deposit is $100, which may be too high for some beginner traders. The spreads and swaps of FX CHoice are modest, the collaboration program is useful, and the loyalty program is decent.
This online broker also provides a demo account and multiple payment methods to deposit and withdraw funds. Moreover, there are plenty of currency pairs and other assets to trade. However, it doesn’t accept clients from the USA.
Advantages
- Regulated by the IFSC
- Leverage up to 1:200.
- MetaTrader 4 and MetaTrader 5 platforms
- ECN trading available
Disadvantages
- Does not accept US clients
- Withdrawals take 4-5 days (wire transfers)
#6 JustForex
JustForex is an online broker that offers a wide range of assets, including currency pairs, precious metals, cryptocurrency, and stock indices. The company was founded in 2012 and is headquartered in St. Vincent and the Grenadines. JustForex provides services to clients from over 100 countries.
JustForex offers several account types with leverage of up to 1:3000 and spreads starting from 0.0 pips. The minimum deposit is $1, making it accessible to beginner traders with a small budget.
This brokerage company is ideal for traders who use various trading strategies. You’re allowed to utilize expert advisors, trade news, and copy trades. The broker is also great for clients who prefer long-term and medium-term trading styles and those adhering to Islamic principles.
Advantages
- Negative balance protection for traders’ deposit protection
- EA trading to trade automatically
- Hedging to prevent risk chances
- Allows traders to trade cryptos
- Automated copy trading for copying successful trades
Disadvantages
- No PAMM accounts
- A small selection of trading instruments
- Traders may experience delays in withdrawals, and there are withdrawal fees
#7 FXTM
FXTM (FXTM) is another forex broker that began operations in 2011. It enables investors to profit by executing active trading or investment strategies. The organization is governed by the CySEC (Cyprus Securities and Exchange Commission), South African FSCA (Financial Sector Supervision Authority), UK FCA (Financial Conduct Authority), and FSC (Mauritius Financial Supervisory Commission).
The Micro account requires a minimum deposit of $10, allowing novices to grasp the basics of trading and study the market’s operational principles without risk or major investments. However, the Standard account requires a $100 deposit with 0.01 lots and spreads from 1.3 pips.
In addition, FXTM offers a leverage of up to 1:2000, which is significantly higher than the industry average. You can also open swap-free accounts and use powerful trading platforms like MetaTrader 4, MetaTrader 5, and cTrader.
Advantages
- 1:2000 leverage ratio
- Segregated accounts
- Negative Balance Protection
- Ultra-low spreads are from 0.0 pips
Disadvantages
- Only copy trading is offered for investment
- Brokers are not available on weekends
#8 InstaForex
InstaForex International Company has been providing services to currency traders since 2007. Presently, more than 7 million traders utilize our services worldwide. We offer them access to 300 different trading instruments, such as the PAMM Investment system and ForexCopy — a tool for copying successful trades of other traders.
The user-friendly interface of InstaForex allows traders to quickly and easily get started with trading. The minimum deposit is just $1, and the maximum leverage ratio is 1:1000. You can also use InstaForex’s web-based platform or mobile trading app for Android and iOS devices.
In addition, InstaForex is the perfect broker for those who want to combine active trading with passive investment. The best conditions and the proposed trading platforms can increase the profitability of passive investment and minimize the financial risks of the trader. The ForexCopy trade copying system, PAMM accounts, and an affiliate program are the most beneficial services for extra income.
Advantages
- Best trading conditions for the novice traders
- Various instruments for trades, including futures, stocks, and cryptocurrencies
- Passive income with PAMM accounts and copy trading
- Hedging trader’s currency risks
- Fixed spread options and optional average market spread
Disadvantages
- Traders may experience intermittent trading terminal freeze
- Some reviews show the ignorance of customer support
- The mobile trading app is not as comprehensive as the web trading platform
#9 XM
XM Group is a forex and CFD broker founded in 2009. For over ten years, XM Broker has provided technology-based solutions to more than 5 million traders. The company is now experiencing significant growth and recognition in the industry, including awards for being the Fastest Growing Broker and Best Forex Service Provider.
XM Broker is ideal for trading professionals due to the high order processing speed and low level of commitment. Additionally, XM Broker has licenses from three leading international regulators: ASIC (Australia), FCS (Belize), and CySEC (Cyprus). The broker offers a leverage of up to 1:888 and a minimum deposit of $5.
XM is the best choice, especially for beginner traders. With its high-tech trading platforms, such as MetaTrader 4, Webtrader 4, and Mobile trading app, XM provides the perfect environment to learn and practice forex trading with virtual money before moving on to a live account.
Advantages
- XM Broker promises that all orders will go through, with 99.35% completed almost immediately.
- No additional fees on tight market margins
- Offers more than 1000 trading instruments and more than 55 currency pairs
- No commissions on money withdrawals
Disadvantages
- Filing claims with the regulator for small amounts is not practical due to the subsequent financial and time costs
- No support on weekends
#10 NordFX
NordFX is an international forex broker providing online trading services since 2008. The company is headquartered in Mauritius and regulated by the Financial Services Commission (FSC). NordFX offers its clients a wide range of forex pairs, CFDs, and metals for trading.
NordFX is a good choice for beginner traders as it offers a demo account with $10,000 in virtual money. This allows newbies to practice trading strategies before moving to a live account. The broker also has an extensive education center covering all forex trading basics.
This broker offers leverage of up to 1:1000 and spreads 0.9 pips for floating and two pips fixed on major currency pairs. Overall, NordFX offers optimal trading conditions for both beginner and experienced traders.
Advantages
- Allows trading on currency pairs, cryptocurrencies, metals, oil, and major stock indices
- Advanced customer reporting with traffic tracking and commission statistics
- Reliable trading options as NordFX has stable servers
- Offers multilingual support in different languages
- Fixed spread options and optional average market spread
Disadvantages
- The regulator does not consider the claims of traders with small amounts.
- No support on weekends
How We Rank The Best Forex Brokers
To choose the best forex brokers, we focused on identifying mobile-friendly platforms with competitive spreads and trading fees, a wide range of currency pairs, and robust customer support. We also looked for regulated brokers who have been in operation for at least five years.
At Asia Forex Mentor, we consider reviews on popular forex forums. However, we only go by what other traders say. We conduct our due diligence, gathering as much information as possible to ensure that our list is as accurate and up-to-date as possible. As a result, according to our evaluation criteria, we calculate the overall score of each broker and choose the top-rated forex brokers to recommend to our readers.
Conclusion
Now that you know the ins and outs of some of the best forex trading platforms, it’s time to find the best forex broker. The brokers on this list have been carefully selected based on their fees, features, and regulation. So no matter what your trading style is, you should be able to find a forex broker that suits your needs.
Take a test drive of some of these best forex broker platforms and see which is the right fit. Happy trading!