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Compare 30 Forex Brokers For Trading5 min read

The following guide to comparing brokers can help you identify the most important variables to distinguish brokers from each other. One approach to find out about the broker is to go to their site. Each broker has its own policy, and you should know about it. Many brokers allow you to try Forex for free, using a completely free account to make demo money transactions. Forex trading is simple and profitable if the management and services provided by the broker are transparent and reliable. This is a very exciting activity that requires a person to combine discipline and analysis.

Top 30 Comparative Brokers For Trading

Rating 2020 is very important for every trader! This is done to make it easier and faster for you to choose a company from a full range of services. Brokerage companies are scattered all over the world and have many differences in trading conditions and services. This page provides a detailed comparison of the best brokers. The comparison is presented as objectively and simply as possible.

Broker Logo

Full Broker Name

Minimal Deposit

Terms Of Trade

Broker Location

Trade3603 min read

Created in 2013ST Services Ltd.Type of broker NDD/STP

500/$/€/£

Account in USD
Regulation in CySEC, ESMA, MiFID
Platforms Trade360, MetaTrader 5, Web
Assets Forex, Indices, Stocks, Commodities, ETFs, CFDs
27%
22%
27%

Cyprus

Cyprus

NAGA3 min read

Created in 2015NAGA Group AGType of broker Non Dealing Desk

100/$/€/£

Account in USD, EUR, GBP, PLN, CHF, BTC, LTC, DASH, ETH, BCH, NGC
Regulation in CySEC, FCA, MiFID, MiFIR
Platforms MetaTrader 4, MetaTrader 5, NAGA Web, NAGA Mobile
Assets Forex, Commodities, Crypto, Stocks, Indices, Metals, Energies, ETFs, CFDs
28%
30%
31%

Cyprus

Cyprus

TRADE3 min read

Created in 2009Trade Capital Markets (TCM) Ltd.Type of broker DMA

100/$/€/£

Account in USD, GBP, EUR, JPY
Regulation in CySEC, FSCA, MiFID
Platforms IBKR WebTrader, MetaTrader 4, MetaTrader 5, Mobile, CFD WebTrader
Assets Forex, Raw materials, Indices, Precious Metals, Stocks, CFDs, Crypto
26%
35%
32%

Cyprus

Cyprus

EasyMarkets3 min read

Created in 2003EF Worldwide LimitedType of broker Market Maker

25/$/€/£

Account in USD, CHF, EUR, AUD, JPY, SGD, NZD, GBP, CNY, NOK, ILS, PLN, CAD
Regulation in CySEC, MiFID, ASIC
Platforms MetaTrader 4, Mobile, WebTrader, Vanilla Options
Assets Forex, ETFs, CFDs, Commodities, Metals, Stocks, Oil, Gold, Indices, Options, Crypto
25%
25%
30%

Cyprus

Cyprus

LMFX4 min read

Created in 2015Global Trade Partners Ltd.Type of broker NDD

50/$/€/£

Account in USD, EUR
Regulation in None
Platforms MetaTrader 4, WebTrader, Mobile
Assets Forex, CFDs, Metals, Energy, Indices, Stocks, Commodities
0%
20%
28%

Macedonia

Macedonia

Tickmill3 min read

Created in 2014Tickmill UK Ltd.Type of broker ECN/STP

100/$/€/£

Account in USD, EUR, GBP, PLN
Regulation in MiFID, CySEC, FCA, FSA of Seychelles
Platforms MetaTrader 4, WebTrader, Mobile
Assets Forex, CFDs, Stock, Indices, Metals, Commodities
22%
24%
29%

United Kingdom

United Kingdom

Swissquote2 min read

Created in 1996Swissquote Group Holding Ltd.Type of broker STP/ECN

1000/$/€/£

Account in USD, CHF, EUR, GBP, JPY, HKD, CAD, AUD
Regulation in FINMA, DFSA, MFSA, SFC FCA
Platforms MetaTrader 4, MetaTrader 5, AdvancedTrader
Assets Forex, Crypto, Indices, Metals, Energies, Stocks, Bonds, ETFs, CFDs
25%
27%
29%

Switzerland

Switzerland

Opteck3 min read

Created in 2011Centralspot Trading Ltd.Type of broker Market Maker

250/$/€/£

Account in USD, EUR, GBP, JPY
Regulation in CySEC, IFSC
Platforms Unique Opteck WebTrader
Assets Forex, Stocks, Commodities, Indices
26%
30%
20%

Cyprus

Cyprus

SimpleFX3 min read

Created in 2015Simple FX Ltd.Type of broker Market Maker

1/$/€/£

Account in USD, AUD, EUR, CAD, GBP, CHF, JPY, CNY, CZK, DKK, NOK, PLN, RUB, SEK
Regulation in None
Platforms WebTrader, MetaTrader 4, Specific
Assets Forex, Crypto, Indices, Metals, Energies, Stocks, Commodities
0%
18%
30%

Saint Vincent And The Grenadines

Saint Vincent And The Grenadines

Saxo Bank3 min read

Created in 1992Saxo Bank A/SType of broker ECN/STP

10,000/$/€/£

Account in EUR, USD, GBP, JPY
Regulation in JFSA, Bank of Spain, MAS, SFBC, CONSOB, FINMA, FCA, ASIC, ACPR, Bank of U.A.E, MiFID
Platforms SaxoTrader, Saxo WebTrader, Saxo MobileTrader
Assets Forex, CFDs, Commodities, Indices, Stocks, Bonds, Futures
40%
30%
30%

Denmark

Denmark

Plus5003 min read

Created in 2008Plus500 Ltd.Type of broker Market Maker

100/$/€/£

Account in USD, EUR
Regulation in CySEC, FCA, ASIC, FMA, FSB, MAS
Platforms WebTrader, Mobile, Desktop
Assets Forex, Commodities, CFDs, Crypto, Stocks, Options, ETFs, Indices
33%
28%
35%

United Kingdom

United Kingdom

HF MARKETS3 min read

Created in 2010HF Markets (SV) Ltd.Type of broker ECN/STP

50/$/€/£

Account in USD, EUR, JPY, GBP, AUD, CHF, NZD, XAU
Regulation in CySEC, FCA, CIMA
Platforms MetaTrader 4, MetaTrader 5, Mobile, WebTrader
Assets Forex, Metals, CFDs, Indices, Stocks, Energy, Crypto
27%
24%
31%

Saint Vincent And The Grenadines

Saint Vincent And The Grenadines

HY Markets3 min read

Created in 1999Henyep Capital Markets GroupType of broker Market Maker

100/$/€/£

Account in EUR, USD, GBP, RUB, AED
Regulation in FCA, CySEC, CIMA, MiFID
Platforms MetaTrader 4, MetaTrader 5, Mobile, WebTrader
Assets Forex, CFDs, Oil, Metals, Raw Materials, Indices, Stocks, Crypto
27%
24%
31%

United Kingdom

United Kingdom

Interactive Brokers3 min read

Created in 1978Interactive Brokers Group, Inc.Type of broker ECN/STP

10,000/$/€/£

Account in USD, EUR, JPY, GBP
Regulation in FCA, IIROC, CFTC, SEC, FINRA, NFA
Platforms Trader Workstation, WebTrader, IB API, FIX CTCI
Assets Forex, Metals, CFDs, Indices, Oil, Options, Stocks, Commodities, Futures, Crypto, ETFs
33%
35%
32%

United States

United States

Swiss Markets3 min read

Created in 2012BDS Markets Ltd.Type of broker STP

200/$/€/£

Account in USD, EUR, GBP, CHF, SEK, PLN
Regulation in NFA, CySEC, MFSA, FSC, MiFID
Platforms MetaTrader 4, WebTrader
Assets Forex, Energy, Indices, Commodities, Metals, Crypto, CFDs
34%
20%
28%

Cyprus

Cyprus

Pepperstone3 min read

Created in 2010Pepperstone Group LimitedType of broker ECN/STP

200/$/€/£

Account in AUD, USD, EUR, GBP, CHF, JPY, NZD, CAD, SGD, HKD
Regulation in FCA, ASIC, DFSA
Platforms MetaTrader 4/5, cTrader, WebTrader, API Trading, MAM/PAMM
Assets Forex, Metals, Crypto, Commodities, CFDs, Energy
30%
35%
32%

Australia

Australia

DeltaStock2 min read

Created in 1998Deltastock ADType of broker NDD/ECN/STP

100/$/€/£

Account in USD, EUR, JPY, GBP, AUD
Regulation in MiFID, AFM, CONSOB, CySEC, FCA
Platforms MetaTrader 4, Mobile, WebTrader, Desktop, DeltaTrading
Assets Forex, Spot Gold and Silver, CFDs on Stocks, Indices and ETFs, CFDs on Brent, Crypto
33%
28%
35%

Bulgaria

Bulgaria

Alpari3 min read

Created in 1998Alpari LimitedType of broker ECN/STP

1/$/€/£

Account in USD, EUR, RUR, GLD
Regulation in FCA, CFTC, FCM, NFA
Platforms MetaTrader 4, MetaTrader 5, WebTrader, Mobile, Alpari Options
Assets Forex, Crypto, Metals, CFDs
35%
25%
25%

Russia

Russia

Orbex3 min read

Created in 2011Orbex LIMITEDType of broker NDD/STP

500/$/€/£

Account in EUR, USD, GBP
Regulation in CySEC, MiFID, FCA, AFM, BAFIN, ESMA, BANQUE DE FRANCE, CONSOB
Platforms MetaTrader 4, Mobile
Assets Forex, CFDs on Metals, Futures, Metals, Indices
40%
20%
25%

Cyprus

Cyprus

IFC Markets3 min read

Created in 2006IFC Markets Corp.Type of broker DMA/STP

1/$/€/£

Account in USD, EUR, JPY
Regulation in CySEC, FSC, BVI, MiFID
Platforms NetTradeX, MetaTrader 4, MetaTrader 5, WebTrader, Mobile, Desktop
Assets Forex, CFDs, Commodities, Oil, Metals, Crypto, Indices
24%
32%
30%

British Virgin Islands

British Virgin Islands

FxPro3 min read

Created in 2006FxPro Financial Services Ltd.Type of broker Non Dealing Desk

500/$/€/£

Account in USD, EUR, GBP, CHF, JPY, PLN, AUD
Regulation in CySEC, FCA, MiFID
Platforms MetaTrader 4, MetaTrader 5, cTrader, Mobile
Assets Forex, CFDs, Futures, Indices, Stocks, Metals, Crypto, Energies
25%
26%
25%

United Kingdom

United Kingdom

eToro4 min read

Created in 2007eToro (Europe) Ltd.Type of broker Market Maker

100/$/€/£

Account in USD, EUR, JPY, GBP, AUD, CHF
Regulation in CySEC, FCA, ASIC, AFSL, MiFID
Platforms MetaTrader 4, MetaTrader 5, WebTrader, Mobile, CopyTrader
Assets Forex, Indices, Securities, CFDs, ETFs, Raw Materials, Crypto, Stocks and Goods
30%
31%
34%

Cyprus

Cyprus

OANDA3 min read

Created in 1996OANDA Corp.Type of broker Market Maker, No Dealing Desk

1/$/€/£

Account in USD, EUR
Regulation in CFTC, FCA, NFA, JFSA, IIROC, MAS, FFAJ, KLFB, ASIC
Platforms MetaTrader 4, Mobile, WebTrader
Assets Forex, Gold, Metals, CFDs, Stocks, Crypto, Oil, Indices, Commodities, Bonds
40%
20%
29%

United States

United States

Vantage FX3 min read

Created in 2009Vantage Global Prime Pty Ltd.Type of broker ECN/STP

200/$/€/£

Account in USD, EUR
Regulation in CIMA, ASIC, AFSL
Platforms MetaTrader 4, MetaTrader 5, WebTrader, Mobile, ZuluTrade, Myfxbook
Assets Forex, CFDs, ETFs, Indices, Stocks, Commodities
21%
27%
26%

Australia

Australia

XTB3 min read

Created in 2002XTB GroupType of broker STP/ECN/DMA

250/$/€/£

Account in EUR, USD
Regulation in CySEC, IFSC, FCA, KNF, CNMV, CMB, MiFID
Platforms MetaTrader 4, xStation 5
Assets Forex, CFDs, Crypto, Indices, Commodities, Stocks
30%
27%
29%

Belize

Belize

Darwinex3 min read

Created in 2012Tradeslide Trading Tech Limited.Type of broker DMA/STP

500/$/€/£

Account in EUR, USD, GBP
Regulation in FCA, MiFID
Platforms MetaTrader 4, MetaTrader 5, ZeroMQ, Zorro, FIX API
Assets Forex, Indices, Commodities, Stocks, Crypto, Oil, CFDs, Metals, Energy
24%
30%
35%

United Kingdom

United Kingdom

MarketsX2 min read

Created in 2010TradeTech Markets LimitedType of broker Market Maker

100/$/€/£

Account in USD, EUR
Regulation in FSCA, MiFID, ASIC, FSC, FCA, CySEC, FSB
Platforms MetaTrader 4, MetaTrader 5, Mobile, WebTrader, MarketTrader
Assets CFDs, Forex, Crypto, Stocks, Bonds, Commodities, Indices, ETFs, Blends
40%
30%
30%

Cyprus

Cyprus

ForexTime4 min read

Created in 2011ForexTime LimitedType of broker ECN/STP

100/$/€/£

Account in USD, EUR, GBP, NGN
Regulation in FSC, CySEC, FCA, IFSC, FSCA
Platforms MetaTrader 4, MetaTrader 5, WebTrader, Mobile
Assets Forex, CFDs, Commodities, Metals, Stocks, Oil, Gold, Indices, ETFs, Crypto, Commodity Futures
32%
20%
29%

Cyprus

Cyprus

AvaTrade3 min read

Created in 2006AVA Trade EU Ltd.Type of broker ECN/STP

100/$/€/£

Account in USD, EUR, JPY, GBP, AUD
Regulation in MiFID, Central Bank of Ireland, JFSA, ASIC, BVIFSC, FFAJ, FSCA, FSRA, IIROC
Platforms MetaTrader 4, MetaTrader 5, WebTrading, Mobile, AvaOptions, AvaTradeGO
Assets Forex, CFDs, Commodities, Indices, Metals, Oil, Gold, Options, Crypto
40%
30%
30%

Ireland

Ireland

Binary3 min read

Created in 1999Binary Investments (Europe) Ltd.Type of broker Instant Execution, Market Execution

5/$/€/£

Account in USD, GBP, EUR, AUD, BTC, LTC, ETC
Regulation in MSFA, LFSA, BVIFSC, VFSC, FCA, ACPR, BAFIN, CONSOB, CNMV, FI, MiFID
Platforms Deriv, SmartTrader, MetaTrader 5, MetaTrader 4, WebTrader
Assets CFDs, Forex, Crypto, Options, Stocks, Commodities, Metals, Energies
40%
30%
30%

Malta

Malta

Importance of Choosing Forex Brokers

Some trading sites may provide great special offers and services, but may otherwise have poor quality services that are best avoided. With the development of high-speed Internet connectivity, smartphones and some of the best-in-class applications, it has now become much more convenient and easier to acquire real-time access to Forex anytime, anywhere. For this reason, you may wonder why it is so important to look at the different types of Forex brokers and classify them into groups depending on the characteristics of their account.

With the most suitable broker and ideal platform, you can navigate a certain profit in the global market. If you cannot achieve this, you put yourself at risk of reaching a broker who may not be as worthy of your business as some others. Since brokers understand that such an agreement is not very good for business in the long term, many of them are now investing heavily in training traders.

You will not fail with the most suitable trading tools and suitable money management abilities. The reliability of the broker is of utmost importance. Current financial systems are not reliable. Always try to remember that there is no single reliable trading system and technology that will ensure you absolute success.

Thus, finding a high-quality broker that you can trust is an important part of becoming a successful trader. Forex trading uses leverage, which allows you to earn large amounts of money with very little investment, although trading with minimal capital is not recommended. Forex trading is perceived by many as a quick enrichment scheme, and many beginners are looking for an easy way to make big money in the market.

There are many explanations for why a Forex broker provides high leverage. For this reason, it is extremely important for traders to be especially careful about the geographic location of the Forex broker when comparing different alternatives in the industry. When you start your business in the Forex market, choosing the right broker is vital to your future success.

Search of High-Quality Forex Broker

The London market is the largest and most volatile Forex market, since there you can find several of the largest retail outlets of large banks, and transactions that are completed usually include large amounts of money. The amount of leverage available to you is directly related to your assets and your credit rating. There are several reasons why the amount of Forex brokers is quite low, let’s look at each of them below.

Keep in mind that the greater the amount you trade, the greater the risks. Meanwhile, the market maker faces a significant conflict of interest with its customers, as the corporation may decide to act against its customers. Many traders miss the opportunity because they do not have real-time support. He must apply for a license renewal at least three months before the expiration of their current license.

Comparison of several brokers is absolutely necessary for all traders. American brokers have a very difficult life because they must be regulated by the NFA or CFTC. You will find that a number of brokers are regulated by CySEC, which is based in Cyprus. Not all brokers are safe and reliable, and it is extremely possible that you are not deceived, even if you are a talented and experienced investor. If you are looking for a broker outside the United States, check out our list of broker reviews to get a broker that suits you.

In recent years, both institutions and individual investors and traders have made huge profits in the market. Brokers will inform you of the latest ups and downs so that you know where your hard-earned money should go. In addition, in the interest of transparency, it is important to understand that newcomers to Forex trading will rarely earn tens or hundreds of dollars a day from the start. Traders, as you know, compare and select brokers based on the amount of bonuses that are given to them in accordance with the size of their investments.

Thus, finding a high-quality broker that you can trust is an important part of becoming a successful trader. If you are interested in trading in the Forex market, you should find a good broker. Getting started with online forex trading is easier and cheaper. In fact, mini forex trading is a good idea for beginners who are new to the market so that they can feel first.

Search of Platforms Forex Brokers

Online trading gives you direct access to the market, and there are many organizations that do business just to deal with you online. You do not need special things for online Forex trading software. An excellent trading platform should be updated several times per second. Brokerage business has undergone significant evolution in the previous decade.

You do not need to be an expert in trading when using Forex software. You will want to find a broker who will provide you with free real-time price charts and a fantastic online trading platform. Many brokers now provide traders with a Java-based platform, rather than the usual software that must be installed on your PC. You can see the transactions that were completed, profit, loss and drawdown. The limited number of foreign currency brokers in the United States is, of course, associated with a tightly regulated environment, which requires brokers to deposit a significant amount of funds, and at the same time reduces the broker’s profitability by limiting leverage.

Rating 5 Forex Brokers & Pros / Cons

«Forex» is regulated by FCA in the UK and the respective regulatory agencies in the US (NFA), Japan, Hong Kong, Singapore, Cayman Islands, Australia and Canada. The broker is actively promoting its services in the Asian region. It is popular with beginners and advanced traders alike, with a proprietary platform FOREXTrader Pro that offers plenty of charting capabilities and intuitive trading.
Pros Broker
World forex market leader
Fast execution of orders
Security of information and cash
Access to a huge range of assets
Cons Broker
Limited account types
Delays in the withdrawal of funds
Site works only in several languages
Lengthy registration process
88
Overall Broker Rating
Visit Broker
eToro one of the world's largest social networks for traders, which has a reputation as a reliable CFD broker registered in Cyprus. Developers position the company as a network of social trading, where you can independently trade currencies, stocks, cryptocurrencies, indices, goods, copy transactions of successful traders or investors, and discuss trading and investment decisions.
Pros Broker
Global regulatory licenses
Ability to copy other traders
Wide range of markets
Available deposit rates
Cons Broker
High spread
Money withdrawal fee
No scalping allowed
Weak technical support
87
Overall Broker Rating
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The company provides traders with access to the financial markets, allowing them to trade thousands of assets. These financial assets include stocks, forex, cryptocurrencies, CFDs, commodities, and indices. IG has been known to provide top-notch services to their customers over the past few decades, allowing them to access effective trading tools, an economic calendar, market analysis, daily news, an intuitive trading platform, educational resources and other vital resources.
Pros Broker
Low spreads
Thousands of markets
Guaranteed stop losses
Highly regulated broker
Cons Broker
Limited payment methods
No copy or social trading platform
High inactivity fees
Low leverage for UK and EU traders
86
Overall Broker Rating
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NAGA ever since its inception, in 2015, has been all about making the world of trading, investing and managing financial assets open and much easier for everyone. Regulated by CySEC, you will find a safe and reliable platform with many advanced features and tools compared to other platforms. An interesting addition to their portfolio of financial products is NAGA Group, a Fintech group trading on Frankfurt Stock Exchange. They use the NAGA Coin within the NAGA Wallet and NAGA Ecosystem.
Pros Broker
Various education instruments
Unique social trading
Great crypto trading and deposits
Large and active community
Cons Broker
Only one account for all
Web platform might be too simple
Low spread only for stock CFDs
The site slows down browser
84
Overall Broker Rating
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«Markets» online forex and CFD broker is a very popular forex broker among traders. In addition to the trademark TradeTech Markets Limited, the company is a serious forex broker that has been in operation since early 2000. Being one of the early leaders in the retail forex space, «Markets» has evolved to become one of the well known and reputable forex brokerages with over 10 years of successfully running the forex brokerage. Broker offers a very wide range of assets, including CFDs on Indices, Currencies, Commodities, Stocks, Cryptocurrencies, ETFs, Blends and Bonds. The platform is unique and has more than 2000 instruments are available.
Pros Broker
Fully regulated
Wide range of assets
Low trading fees
Reliable trading terminals
Cons Broker
No support on weekends
Website could confuse new traders
Higher than average swap rates
No deposit in cryptocurrency
84
Overall Broker Rating
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