Best Forex Brokers & Platforms – Top 10 Brokers 2021

The definition of a forex broker is a company that offers various currency instruments to clients. But, beyond this, FX platforms come in all shapes, sizes and formats. So, how should you compare forex brokers, and find the best one for you? In our forex brokers reviews list, we have considered a wide range of ranking factors, from fees and spreads to trading platforms, charting and analysis options. However, the “best” forex broker will be a matter of individual preference. It may come down to the pairs you need, the platform’s ease of use, or the level of customer support required.

Best Forex Brokers are a leading forex broker. Offering the largest range of currency pairs (80+) and some of the tightest spreads in the industry.
1.0 Var
0.7 Var
0.7 Var
Total Assets
MT4 Integration
NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.
1.6 pips
1.3 pips
1.6 pips
Total Assets
MT4 Integration
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
2 pips
1 pips
1.5 pips
Total Assets
MT4 Integration
The leading US trading Exchange. Nadex offer genuine exchange trading to US clients on Binary Options. Fully regulated by the CFTC.
0.25 pips Var
0.02 pips Var
0.25 pips Var
Total Assets
MT4 Integration
Trade on a handful of the most traded currency pairs with leverage.
Total Assets
MT4 Integration
Use digital options to take straightforward buy and sell positions on a range of currencies.
Total Assets
MT4 Integration
Trade with leverage on the FX market.
Total Assets
MT4 Integration
Trade on FX pairs with 1:500 leverage.
Total Assets
MT4 Integration
Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry
Total Assets
MT4 Integration
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
0.8 pips var
0.6 pips var
0.9 pips var
Total Assets
MT4 Integration
IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.
Commission (.20 pts x trade value)
Commission (.20 pts x trade value)
Commission (.20 pts x trade value)
Total Assets
MT4 Integration
One of the largest discount brokers in the US, with a fixed trading commission and access to a large array of trading products and securities
Total Assets
MT4 Integration
Show All Brokers ⇩

How To Find The Best Forex Brokers

Below we’ve listed the main criteria for finding the best forex brokers 2021. We will expand on each area later on in the article.

  • Fees/Commission – This is the most important part of your global forex broker appraisal. One forex platform may charge you a tenth of the price for the same trade vs another. Take note of “hidden” fees, such as withdrawal or inactivity fees.
  • Operating Model – Forex brokers usually operate one of two operating models: dealing desk or no dealing desk. A dealing desk broker owns its order book, meaning they create liquidity for clients. These are known as ‘market makers’ because if there is no one to take the other side of a trade (i.e buy what you’re selling), they’ll take it themselves. No dealing desk brokers (also known as ECN brokers) connect to a larger market where filling orders is not an issue.
  • Market Coverage – The selection of assets on offer. Does the forex platform provide the FX pair or product you’re looking for?
  • Accessibility and Affordability – Beginner forex traders and small-timers need love too. You should never be forced into making a minimum deposit that you cannot afford to lose. Minimum deposits range from $10 to $1000 (or the £/€ equivalent). It might be worth investing more for a platform that suits you better, so stay open-minded.
  • Platforms – The forex trading platform and the tools it provides are your primary weapons in your personal war for profits. Personal preference will play a large part here, as many platforms offer very similar services, but look and feel very different. Remember many platforms are configurable, so they can be tailored to suit your needs.
  • Strategies – Not all forex brokers allow every strategy. For instance, it’s common to see limitations on scalping, hedging and automated trading strategies (EAs). If this is what you’re interested in, you’ll need to check before you sign up that you’re selecting a forex broker for scalping, for example.
  • Mobile Apps – Being able to trade on the go may be important. Some mobile apps are superior to others. Usually, the features available on desktop are not matched on a mobile app, so access to both is recommended.
  • Deposits and Withdrawals – The ability to move funds to and from the platform, quickly and preferably cheaply is key. Forex brokers with instant deposits for debit/credit cards and PayPal are common, so look out for these where possible.
  • Reputation – People talk. It is well worth listening to what traders say about their forex broker.
  • Regulation – A proper regulatory framework is key. It gives you the reassurance that the forex platform is operating within the rules the governing body has assigned. This provides an element of trust between broker and client.
  • Customer Support – You need someone to talk to if you run into problems. Competent support is a must. From opening an account, to help with the platform – customer support is important.
  • Company Background and History – Knowing the past exploits of forex brokers can give you a better idea of what it is up to now. A listed company has to publish numerous elements of information about their balance sheet, for example.
  • Education – It never hurts to improve your understanding of how the forex markets work. Some brokers offer extensive educational tools that will enable you to take advantage of movements when they occur.
  • Account Opening/Registration – Is it a simple process to open an account? Do clients need to be verified? These processes are not always the same and might be worth considering if opening an account has been problematic in the past.

best forex brokers list

Broker Costs

The services that forex platforms provide are not free. You pay for them through spreads, commissions and rollover fees.

The fee structures differ from one forex broker to another, and even from one account type to another. There are two widely used basic setups.

  • Spread Only – All other fees (with the exception of the rollover rate) are included in the spread
  • Blend Of Fees – Besides the spread, a commission may be charged as well


Most forex brokers make money through spreads on currency pairs. This can be either fixed or variable. Fixed spreads are always constant, regardless of market volatility. Variable spreads change, depending on the traded asset, volatility and available liquidity.

Daily spreads may only differ slightly among forex platforms, but active traders (or even hyper-active traders) are opening positions so frequently that small differences can mount up.

Traders should always be looking for forex brokers with the lowest spread. 1 pip fixed spread forex brokers are out there and ECN brokers may even deliver zero spreads.


A commission-based fee structure usually suits other tradable assets, such as stocks and shares. However, you may encounter an instance where a commission is charged by forex brokers. Use a profit calculator to understand whether low spreads make up for this.

Rollover Rate

Forex positions kept open overnight incur an extra fee, known as a rollover rate. This charge results from the difference between the interest rates of the two currencies.


While most forex brokers offer an impressive-looking selection of currency pairs, not all of them cover minors and exotics.

For example, if you want to trade Thai Bahts or Swedish Krone, you will need to double-check the asset lists and tradable currencies. These currencies are less commonly traded and therefore may not be offered by all platforms.

If you’re interested in major pairs (see below), then all brokers will cater for you.

The Aussie dollar and Swiss Franc, while considered ‘minor’ pairs, are often traded in high volume. You can read more about those here: AUD/USD or USD/CHF

That said, there are brokers out there that will truly go out of their way to cater to their traders’ needs. Some will even add international exotics and currency markets on request. Such flexibility is obviously a major asset.

What About Crypto?

Cryptocurrency pairs are ubiquitous nowadays. Crypto/fiat and crypto/crypto pairings are both popular.

The massive volatility associated with these products makes scalping a viable strategy for profitability.

Forex brokers do not usually offer spot crypto, instead, they’ll trade CFDs. The regulation of cryptocurrency varies globally. For example, for US residents, there are often difficulties accessing some of the largest exchanges due to SEC regulation. And, in the UK, all crypto derivatives are banned.

Micro Accounts

Not everyone trades forex on a massive scale. In fact, many forex traders are small-timers. These clients require forex platforms’ micro accounts, some of which have the US Dollar as their base currency.

Often, forex micro accounts do not even have a set minimum deposit requirement. Such cheap trading options make sense for those looking to use real money, without risking their life savings.


Besides fees, a forex broker’s trading platform is one of its largest selling points. Platforms are your portal into the investing world – giving you the ability to open and close trades but also monitor price changes and complete analysis.

They provide traders with technical analysis tools, live news feeds, diverse order types, automation, advanced charting and drawing options etc. Some may include sentiment indicators or event calendars.

We’ve provided an overview and comparison of the top trading platforms used by forex brokers below.

MetaTrader 4

MetaTrader 4 (MT4) is the original platform created by MetaQuotes. It has set many of the standards we’ve come to expect today for online analysis.

It’s famous for its in-depth analytics, which go way beyond the usual graphs and charting you’d expect. In fact, all in all, you can bring 31 different graphical studies to your results, including Fibonacci studies and Elliot wave drawing tools.

Plus, it was also one of the first to deliver analytics to mobile. You can access almost all these powerful tools on your phone just as easily as you can on a desktop.

FX brokers with MT4
MetaTrader 4

Read a more in-depth analysis of MetaTrader 4 here.

MetaTrader 5

It’s five years younger and sounds like an upgrade, but in fact, MT5 isn’t considered to be the better version of MT4. It really depends on what you want it for.

MT5 is geared more towards the US market and automatically complies with more US regulations than MT4 does.

While it’s true that it has more bells and whistles, like 44 graphical studies instead of 31, it’s really set up to deal better with high frequency automated trading. If that’s what you’re looking to do, then MT5 is for you, but if you’re not then you may find most of these additional features unnecessary and bulky.

The base operating software on MT4 is not thought to run any slower than MT5, so think of it more like a slimline version of the same thing with more of what you need, and less of what you don’t.

The top MT5 forex platforms
MetaTrader 5

Forex brokers will usually offer both MT4 and MT5 as options. Although, MetaQuotes have stopped selling licences for MT4, so new brokers may not offer this.

Other Popular Platforms

TradingView is also a popular choice that consistently ranks within the top 10 platforms. As the world’s top social trading network, it’s used by numerous forex brokers and is especially popular among professional investors.

NinjaTrader is praised for its advanced features and technical analysis tools. In particular, the NinjaTrader Ecosystem allows access to thousands of apps, EAs, and other add-ons created by external developers.

Bespoke Proprietary Platforms

Another popular option for forex trading platforms is the bespoke route. Many forex brokers will offer their own white-label (also known as proprietary) platforms alongside the usual MT4 and MT5 solutions.

The great benefit of these is that they’re usually designed specifically around a certain kind of market, strategy or currency pair. In this way, you’ll find they can often be better suited to your specific needs. But at the same time, they can be less versatile.

Proprietary solutions are in some cases less than optimal. Traders who base their strategies on the use of EAs and VPS, will struggle to find a proprietary platform that compares to MT4 and MT5. In fact, many do not offer the functionality altogether.

While we are discussing strategies: not all forex brokers support strategies such as hedging, scalping and EAs. Make sure you understand any and all restrictions in this regard before you sign up.

Mobile App

For those who want to trade on the go, a mobile app is obviously important. While all forex brokers feature such apps these days, some mobile platforms are very simplistic.

They lack all the advanced analysis and market research features, and as such, are hardly useful.

Forex brokers with mobile applications
MT5 mobile


The developers of trading software are often adding new and unique functionality to their platforms. But some also allow user-developed AI or tools to be added. In fact, many allow users to load their own functionality to a ‘code base’ (in the case of MT4) where other users can then download those add-ons for free. This added configurability is very attractive for certain traders.

The majority of ‘off the shelf’ software falls into two camps: signals or automated trading robots (‘bots’).


Signal platforms, as the name suggests, are set up to alert the user when certain market conditions are met.

Within this type of software, you can dictate when you receive signals and how they are sent. Speed is crucial when using signals.

The major advantage to using this type of software is that you don’t have to sit in front of a market ticker watching currency fluctuations day and night or keep yourself plugged into world politics, because you’ll be alerted to price targets as they are reached. Systems can also be configured to recognise certain patterns.

Signals can add some discipline to trading, as, in theory, trades will only be placed when certain conditions are met – reducing any made on impulse. This is a double-edged sword, though, because it still relies on your judgement to make the correct decision once the signal has been sent.


Automated trading software takes forex signals to the next logical step. Not only will opportunities be identified (based on your configuration) but the trades will also be automatically placed as per your commands.

While this might sound easier than a signal platform, if you’re going to do it properly, it requires a huge amount of homework and fine-tuning before you’re ready to set the algorithm free in the markets for it to start making you money.

Put simply, the automated forex trading software systems – called robots or bots – will trade your money using a pre-determined set of entry and exit criteria that you decide in advance.

There are apps that you can download to check the progress of your forex bots on the move, but fundamentally it is up to them to make the right trades.

In comparison to signal platforms, the frequency of trades placed by automated forex platforms cannot be matched. This is because bots can execute faster than any human – and they can do so 24/7.

This means there is far more potential to make money, but you’re also exposing yourself to far more risk.

The robot will follow the trading rules until the balance runs out, and that can all happen very quickly if things start going wrong. Automated forex trading platforms are a domain for the experienced trader only.

Tools & Features

From charting to futures pricing or bespoke trading robots, forex brokers offer a range of tools to enhance the experience.

Again, the availability of these as a deciding factor on opening account will be down to the individual.

Level 2 (or Level II) data is one such tool, where preference might be given to a brand delivering it.


Some traders may rely on their forex broker to help them learn to trade. From guides to classes and webinars, educational resources vary from brand to brand.

However, a broker is not always the best source for impartial advice. Consider checking other sources too – such as our Education page.

Deposits and Withdrawals

There are some massive disparities between the costs associated with deposits and withdrawals from one broker to another. Such disparities mostly result from the internal procedures observed by different forex brokers.

At one platform, it can take as much as 5 times longer to fund an account than at another. The incurred costs differ quite a bit as well.

Otherwise, the payment process largely hinges on the accepted money transfer methods. It would make sense for forex brokers to adopt as many such methods as possible, yet some still fall well short of the mark.

Most forex brokers also specify minimum deposits with their accounts, which can range from $10 to $10,000. This can act as an entry barrier to less experienced clients with less capital to invest.

Payment Methods

The most common methods are bank wire, VISA and MasterCard. The majority of forex platforms tend to accept Skrill and Neteller too.

Forex brokers with PayPal are much rarer. The same goes for forex brokers accepting bitcoin.

We are not talking about bitcoin trading, but actual deposits made in the top cryptocurrency.

Customer Feedback

Based on actual user feedback, a forex broker’s reputation can best be gleaned from various community review sites and forums.

You have to take this type of feedback with a grain of salt, to say the least.

First of all: disgruntled traders are always more motivated to post feedback. They are not likely to be unbiased.

Secondly: not all of this feedback is factually correct. Furthermore, there is no way to actually fact-check/verify this data. Even sites like TrustPilot are blighted with fake posts or scam messages. There is no quality control or verification of posts.

That said, it is still relevant. If there’s a forex broker about which no one has ever said anything good, chances are it might have issues. To the trained eye, genuine trader reviews are relatively easy to spot.

The utter lack of community feedback is red flag as well. People always have something to say about forex brokers. Therefore, something is definitely amiss if there is no information available in this regard.

Forex brokers mobile trading app


Regulation should be an important consideration. Across the world, there are different regulatory bodies that govern the rules a forex broker must adhere to. Forex brokers regulated in Russia, Canada, UAE (Dubai) or Pakistan may have different responsibilities to those in the USA, Philippines or South Africa, for example.


In Europe, ESMA (the European Securities and Markets Authority) has jurisdiction over all regulators within the European Economic Area (EEA). This includes the following regulators:

  • CySec (Cyprus Securities and Exchange Commission)
  • BaFin – (Bundesanstalt für Finanzdienstleistungsaufsicht)
  • FINMA (Swiss Financial Market Supervisory Authority)

If a forex platform is regulated by one of the above, they are permitted to provide financial services throughout Europe. Therefore, you’ll often find that forex brokers are regulated by CySEC, but accept clients from Germany, Switzerland and the rest of Europe.

In Europe, forex leverage is capped at 1:30 (or x30). Outside of Europe, leverage can reach 1:500 (x500).

Traders in Europe can apply for professional status with their forex broker. This removes their regulatory protection and allowing them to trade with higher leverage.

Other rules include the duty for forex brokers to display warnings about the “risk of losing all your money” when CFD trading and the ban on offering binary options.

Other Global Regulators

Outside of Europe, the largest regulators of forex brokers are:

  • SEC – Securities and Exchange Commission (US)
  • CFTC – Commodity Futures Trading Commission (US)
  • FCA – Financial Conduct Authority (UK)
  • CSA – Canadian Securities Administration
  • ASIC – Australian Securities and Investments Commission

These are the most stringent global regulators. Forex brokers offering services in their jurisdictions must register with them to provide financial services legally. In other nations, the regulators are more laisse faire and regulation is not mandatory. Therefore, forex platforms operating in India, Hong Kong, Ghana, Kenya, Qatar etc. are likely to be regulated in one of the above, rather than their national regulator.

Offshore Regulation

Regulators based in Vanuatu, Belize and other island nations are called ‘offshore regulators’. Sadly, this is not a sign that should instil confidence in the forex broker. Beyond a nominally available dispute-resolution system, such regulatory coverage offers you no protection.


Leverage can be a factor to consider when selecting forex platforms. However, regulation often takes the choice out of this. Leverage is capped at 1:30 by the majority of forex brokers regulated in Europe. Assets such as gold, oil or stocks are capped separately.

Note that higher leverage increases potential losses, as well profits.


Most forex brokers will follow regulations and segregate client and company funds into separate bank accounts. This protects traders in the case of broker liquidation.

Data protection is usually legislated at a government level. In the EU, GDPR regulation applies. This restricts what forex brokers can do with your personal data, offering that added level of protection.

Account security also differs among forex brokers. Some platforms may offer the additional layer of protection of 2FA (two-factor authentication) which will protect against hacker intrusion.

Demo Accounts

If this is all sounding like too much already and you’re feeling daunted, you can ‘try before you buy’ using a demo account. Many forex brokers will allow you to open a simulation account. This trading training software uses imaginary money to see how you would have performed had you made the decisions that you did on the real forex market.

This can be good for new traders looking to test the waters and ease their nerves, and it can also be useful for more experienced traders looking to trial new strategies and ideas in a risk-free environment. It’s the best ‘on the job’ training that you can get. The best forex trading platforms for beginners will offer this function, and it’s highly recommended that you give it a go. It’s a real advantage.

See our list of the best forex demo accounts.

Company History

A proper regulatory agency will not think twice about handing out cease and desist orders to dishonest brokers. It will also likely blacklist them.

This practice creates an online trail, an operational history of sorts, highlighting the past sins of currently “reputable” forex brokers.

What’s interesting about this history is how little exposure it receives. You actually have to scour the archives of regulators to happen upon such relevant bits of information.


From cashback, to a no deposit bonus, free trades or deposit matches, forex brokers used to offer loads of promotions. Regulatory pressure has changed all that.

Forex platforms offering bonuses are now few and far between. Our forex bonus page will list them where offered, but they should rarely be a deciding factor in your choice.

Always check the terms and conditions and make sure they will not cause you to over-trade. Many forex brokers with welcome, low or no deposit bonuses have time limits or turnover requirements. This is particularly crucial when assessing a forex broker offering a no deposit bonus. Often, bonuses that are given without the need to deposit are non-withdrawable.

Order Execution Types

Once you click the “Open Trade” or “Enter” button in your trading interface, you start a rather intricate process. Forex brokers use a number of different methods to execute your trades.

Exactly which method it uses for a particular trade will be reflected in the price you pay for it. Some forex platforms only support certain order execution methods. For instance, your broker may act as a market maker and not use an ECN for trade execution.

If you are looking for this method specifically, you will need to seek out an ECN forex broker.

ECNs are great for limit orders, as they match buy and sell orders automatically within the network.

Some other options that your forex broker can use are:

  • Order To The Floor – Mostly used for stocks. This execution type is handled manually, through actual trading floors/regional exchanges. It is therefore extremely slow.
  • Order To Third Market Maker – This execution type involves a third party, which is a market maker. The market maker handles trade execution. Some market makers pay brokers to send them orders. Thus, your order may not end up with the best market maker.
  • Internalization – When using this method, forex platforms match the order from its own inventory of assets. This execution method is therefore extremely fast.

Order execution is extremely important when it comes to choosing forex brokers. It also goes hand-in-hand with regulatory requirements.

Broker Reporting

Regulators aim to make sure that traders get the best possible execution. In fact, forex brokers in Europe and the US are required by ESMA and the SEC to report the quality of the execution their services provide.

MiFID II sets clear guidelines in this regard. Online forex brokers are required to submit data concerning their execution methods as well as execution prices on a trade-by-trade basis.

In this reporting, the prices paid by forex platforms are compared to those quoted to the public. If the broker executes trades at better prices than the public quotes, it has some additional explaining to do. Plus, if it routes the trader’s order through a less-than-optimal path, it has to disclose this fact to the trader.

These examples yet again showcase the importance of a proper regulatory background.

Account Types

From cash, margin or PAMM accounts, to Bronze, Silver, Gold and VIP levels, account types can vary. The differences can be access to 0 pip spreads, Level II data, settlement or different leverage and commission. Comparison is recommended to ensure you’re getting the best deal for your capital allowance.

Micro accounts might provide lower trade size limits for example.

Retail and professional accounts will be treated very differently by both brokers and regulators for example. An ECN account will give you direct access to the forex contracts markets.

So research what you need, and compare it to what you are getting at your current forex platforms.


Sadly, there are some forex brokers that are just scams. Avoid getting caught out with these checks:

  • Were you ‘cold called’? Reputable firms will not call you out of the blue (this includes emails, Facebook or Instagram channels)
  • Are they offering unrealistic profits? Just stop and consider for a minute – if they could make the money they are claiming, why are they cold calling or advertising on social media?
  • Are they offering to trade on your behalf or use their own managed or automated trades? Do not give anyone else control of your money.

If you have any doubts, simply move on. There are plenty of legitimate, legal brokers.

Forex platform scams

We have ranked forex brokers and platforms based on our own opinion and offered ratings in our tables, but only you can award ‘5 stars’ to your favourite!

Read who won the ‘Best Forex Broker 2021‘ on the Awards page.

Difference Between A Broker And A Market Maker?

Forex brokers are intermediaries. Their primary (and often only) goal is to bring together buyers and sellers by matching orders automatically, without human intervention (STP). For this service, it collects its due fees.

Market maker forex brokers, on the other hand, actively create liquidity in the market by acting as a counterparty to traders. If there’s no one to take the other side of your trade (buy when you’re selling), they’ll take the other side of the trade. This does lead to a conflict of interest. Market makers will be profiting from your losses.

The Bottom Line

Hopefully, you now understand some of the methods we’ve used to create our forex brokers ranking list.

Picking the right platforms for you from the extensive list of forex brokers is no easy task. But it is imperative that you get it right. While we can point you in the correct general direction, only you know your personal needs. Take them into account, together with our recommendations.

Reviews of Forex Brokers & Platforms

Use this table with reviews of the top forex brokers to compare all the FX platforms we have ever reviewed. Note that some of these forex brokers might not accept accounts opened from your country.

If we can determine that a broker or platform would not accept your location, it is marked in grey in the table.

Forex Broker Reviews
Broker Demo Min Dep. MT4 Bonus
101investing Yes $250 Yes No
12Trader Yes $500 No No
4xCube Yes $10 Yes No
AAAFx Yes $300 Yes Yes
AccentForex Yes $50 Yes Yes
ActivTrades Yes $500 Yes Yes
Admiral Markets Yes $100 Yes No
AdroFX Yes $25 Yes Yes
ADS Securities Yes $100 Yes No
AETOS Yes $250 Yes Yes
AGEA Yes $1 Yes Yes
Alpari Yes From $/£/€ 5 Yes Yes
Alpho Yes $100 No No
Alvexo Yes 500 EUR/USD Yes No
Amana Capital Yes $50 Yes Yes
AMarkets Yes $100 Yes Yes
ArgusFX No $0 Yes No
Arum Capital Yes $500 No No
AskoBID No €250 No No
ATC Brokers Yes $5,000 No No
Atiora Yes $1 Yes Yes
Avatrade Yes $100 Yes No
Axes Yes $100 No No
Axi Yes 0 $/€/£ Yes No
Axiory Yes $50 Yes No
Ayondo Yes £1 Yes No
BCS Forex Yes $1 Yes Yes
BDSwiss Yes 100 $/€/£ Yes No Yes $5 Yes No
BlackBull Markets Yes $200 Yes No
Blackwell Global Yes $250 Yes No
BP Prime Yes $5,000 Yes No
Bulbrokers Yes $100 Yes No
Capex Yes $100 No Yes
Capital Index Yes $100 Yes Yes Yes £/$/€20 Yes No
CFD Global FX Yes $500 No No
CGS-CIMB Yes 100 SGD Yes No
City Credit Capital Yes $500 Yes No
CityIndex Yes £/$100 Yes Yes
CIX Markets Yes $500 Yes No
CMC Markets Yes £ 0 Yes No
CMSTrader Yes $500 No No
CMTrading Yes $250 Yes No
Colmex Pro Yes $500 Yes No
Core Spreads Yes $0 Yes No
Corsa Capital Yes $1 No Yes
CPT Markets Yes $100 Yes No
CrescoFX Yes $1,000 Yes No
Daniels Trading Yes $2,000 No No
Darwinex Yes $500 Yes No
DeltaStock Yes $100 Yes Yes Yes €/£/$5 No No
DIF Broker Yes Undisclosed No No
DirectFX No $100 Yes No
DMM FX Yes Undisclosed Yes No
Dsdaq Yes 0.001 BTC/BCH/LTC No Yes
Dukascopy Yes $100 Yes Yes
EagleFX Yes $10 Yes No
Easy Markets Yes €100 Yes No
Eightcap Yes £/€/$100 Yes No
Equiti Yes $500 Yes No
ETFinance Yes $250 Yes No
eToro Yes $200 ($50 in US) No No
ETX Capital Yes £250 Yes No
EuropeFX Yes €200 Yes No
EverFX Yes $250 Yes Yes
eXcentral No $250 Yes No
EZ Invest Yes $500 Yes No
FBS Yes $1 Yes Yes
FCMarket Yes $500 Yes No
FIBO Group Yes $50 Yes No
Financial Spreads Yes £250 No No
Financika No $200 No Yes
Finexo Yes $100 Yes No
Finotrade Yes $1,000 Yes No Yes $100 Yes No
Finspreads Yes £50 No No
Fondex Yes $0 No No Yes $100 Yes No
Forex4you Yes $0 Yes Yes
ForexMart Yes 1 EUR/USD Yes Yes
ForexTB Yes $250 Yes No
FortFS Yes $5 Yes Yes
Fortrade Yes $100 Yes No
FP Markets Yes $100 Yes No
FreshForex Yes $10 Yes Yes
Fullerton Markets Yes $100 Yes Yes
Fusion Markets Yes $0 Yes No
FXCC Yes $0 Yes No
FXChoice Yes $100 Yes Yes
FXCM Yes £300 Yes No
FXDD Yes $/£1 Yes No
FXFlat Yes €200 Yes No
FXGiants Yes $100 Yes Yes
FxGlory Yes $1 Yes Yes
FXGM No $200 No No
FxGrow Yes $100 No No
FxNet Yes $50 Yes No
FXOpen Yes $300 Yes Yes
FXPIG Yes $200 Yes No
FXPrimus Yes $100 Yes No
FXPro Yes $100 Yes No
FXTM Yes From $50 Yes Yes
FXTrading Yes $200 Yes Yes
GCI Yes $500 Yes Yes
GKFX Yes €100 Yes No
Global FX Yes $300 No No
Global Market Index Yes $2,000 Yes No
Global Prime Yes AUD $200 Yes No
GO Markets Yes $200 Yes Yes
Grand Capital Yes $10 Yes Yes
Hantec Markets Yes $0 Yes No
HFTrading Yes $250 Yes No
Hirose Yes $20 Yes Yes
House Of Borse Yes $5,000 Yes No
HQBroker No $250 Yes No
HYCM Yes $100 Yes Yes
IC Markets Yes $200 Yes No
ICM Brokers Yes $300 Yes No
ICM Capital Yes $200 Yes No
IFC Markets Yes 1 USD / 1 EUR / 100 JPY Yes Yes
IFGM Yes $200 Yes No
iFOREX Yes $100 No No
IG Group Yes £250 Yes No
Infinox Yes £1 Yes No
InstaForex Yes €1 to €1000 (Account choice dependent) Yes No
Interactive Brokers Yes $10000 No No
InterForex Yes $500 No Yes
Intertrader Yes $500 Yes Yes
Investous Yes $250 Yes No
IQ Option Yes $10 No No
IronFX Yes $100 Yes Yes
ITradeFX Yes $0 No No
JFD Bank Yes $500 Yes No
JP Markets Yes $0 Yes Yes
Juno Markets Yes $100 Yes Yes
Just2Trade Yes £2500 Yes No
JustForex Yes $1 Yes Yes
Key To Markets Yes $100 Yes No
Khwezi Trade Yes R 2,000 Yes No
KLMFX Yes $250 No Yes
Land FX Yes $300 Yes Yes
Larson & Holz Yes $250 No Yes
LBLV Yes $5,000 No Yes
LCG Yes 0 $/€/£ Yes No
LDC Yes $100 Yes No
LegacyFX Yes $500 No No
LH Crypto Yes €10 No No
Libertex Yes €100 Yes No
LiteForex Europe Yes $50 Yes No
LiteForex Investments Yes $50 Yes Yes
LMFX Yes $100 Yes Yes
LQDFX Yes $20 Yes Yes
M4Markets Yes $5 Yes Yes Yes $100 Yes No
Mega Trader FX Yes $0 Yes Yes
Mitto Markets Yes $0 Yes No
Moneta Markets Yes $200 Yes Yes
MTrading Yes $100 Yes Yes
MultiBank FX Yes $50 Yes Yes
Nadex Yes $250 No No
Naga Yes $250 Yes No
NBH Markets Yes $100 Yes No
NicoFX Yes $100 Yes No
NinjaTrader Yes $50 Yes No
Noble Trading Yes $100 Yes Yes
NordFX Yes $10 Yes No
NPBFX Yes $10 Yes Yes
NSFX Yes $300 Yes No
Oanda Yes $0 Yes No
OBR Invest Yes $250 Yes No
OctaFX Yes $100 Yes Yes
Optimus Futures Yes $500 Yes No
Orbex Yes $200 Yes No
OspreyFX Yes $25 Yes No
PaxForex Yes $10 Yes Yes
Pepperstone Yes £200 / $200 Yes No
Plus500 Yes $100 No No
Price Markets Yes $5,000 Yes No
PrimeXBT No 0.001 BTC No No
ProfitiX No $250 No No
Q8 Trade Yes $250 Yes Yes
Questrade Yes $1,000 No Yes
Quotex Yes $10 No Yes
RoboForex Yes $10 Yes Yes
RoboMarkets Yes $/£/€100 Yes No
ROInvesting Yes $250 Yes No
Sage FX Yes $10 Yes Yes
Saxo Bank Yes $10000 No No
SimpleFX Yes $0 Yes Yes Yes 100 £/€/$ or 1000 NOK, SEK Yes No
Smart Prime FX Yes $25,000 Yes No
SmartFX Yes Undisclosed No No Yes $0 No No
Spread Co Yes £200 No No
Spreadex No $1 No No
Squared Financial Yes $100 Yes No
Stratton Markets Yes £250 Yes No
SVK Markets Yes $100 Yes No
Swissquote Yes $1,000 Yes No
SynergyFX Yes $50 Yes Yes
TD Ameritrade Yes $0 No Yes
TeleTrade Yes 100 EUR/USD Yes No
TeraFX Yes $100 Yes No
ThinkMarkets Yes $0 Yes No
Tickmill Yes $100 Yes Yes
Tier1FX Yes $1,000 Yes No
TIO Markets Yes $50 Yes No
TMS Brokers Yes $0 No No
TP Global FX Yes $200 Yes No
Trade Nation Yes $0 Yes Yes
Trade Pro Futures Yes $2,500 Yes No
Trade Republic No $0 No No Yes $100 Yes No
Trade12 No $250 Yes No
Trade360 Yes $250 No No
Trader's Way Yes $10 Yes Yes
TradeTime Yes $500 Yes Yes
Tradeview Yes $100 Yes Yes
Trading212 Yes €/£/$1 No No
TrioMarkets Yes $500 Yes Yes
TusarFX Yes $1 Yes Yes
UFX Yes $100 Yes No
Uptos No $250 No No
Valutrades Yes $0 Yes No
VantageFX Yes $200 Yes Yes
Varianse Yes $500 Yes No
Videforex Yes $250 No Yes
Webull Yes $0 No Yes
Weltrade Yes $25 Yes No
WH SelfInvest Yes €500 Yes No
Windsor Brokers Yes $100 Yes Yes
XGlobal Markets Yes $500 No No
XM Yes 5 $/€/£ Yes Yes
XTB Yes $0 No No
XTrade Yes $250 No No
Zenfinex Yes $50 Yes No
Zero Markets Yes $200 Yes Yes
ZuluTrade Yes $1 to $300 (Broker choice dependent) Yes No


What Is The Best Forex Broker?

There is no single top forex broker as every client has different needs, strategies and geographical locations. For example, of the top 8 brokers in South Africa, only 5 may make the list in Dubai or India, and even then they may be topped by other firms built around the local markets. So, whether you are in New Zealand, Japan, Lebanon, China, Mexico or beyond, finding the right broker will be a completely different experience. Follow our guide above for how best to compare local brokers, or see our ranked list of brokers that accept clients in your area.

Are All Forex Brokers Licensed?

Forex broker regulation is split among the various financial and geopolitical jurisdictions in the world. While most brokers will conform to rules imposed by regulatory agencies, there are some that do not. For example, some companies intentionally set themselves up in regions not affected by the ESMA but still advertise to European customers. These are generally either scams or specialist firms that provide anonymous brokering to best protect their client information through means like not requiring KYC data on account setup.

Are There Forex Brokers That Accept Bitcoin?

Forex brokers around the world accept various payment methods for funding and emptying accounts. There are many brokers that accept wire transfer and payment (debit or credit) cards, with a growing number using and accepting PayPal, Bitcoin, Venmo and other e-wallets and payment systems.

What Is The Best Forex Trading Platform?

Much like brokers, finding the best forex trading platform is a personal and subjective task. With so many commercial and private platform providers, brokers offering their own trading software and clients with unique strategies out there, there are no clear best forex trading platforms. Plus, if you are in Nigeria, Australia, South Africa, the Philippines or Canada, the range of forex trading platforms on offer will vary with the available brokers.

MT4 and MT5 are generally safe bets and strong all-rounders, but you should do your research into what is available to you, see our list of forex trading platform for more information. Platforms may also be limited by the operating systems they can run on, so if you are looking for the best option for Mac, make sure you factor this in.

What Additional Software Do Forex Brokers Offer?

Software for forex speculation is not limited to platforms and mobile apps. Signals forex trading software provides buy and sell signals, while automation systems and bots support algorithmic investment strategies. Some automated traders use a paid or free VPS, which cuts out the middle man and allows faster order execution. Before signing up for additional features, check our automated forex trading software reviews.

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