Best Forex Brokers Guide
Updated May 09, 2021
Compare Forex Brokers
The Forex market has the largest trading volume per day, with almost $4 trillion per day. The market is open 6 days a week, beginning from Sunday afternoon EST and ending on Friday afternoon. Forex traders get to speculate on the world’s currencies. The movements of these assets depend on political events and other economic changes all over the world. Therefore, this is a market where all currencies affect each other.
Trading in the Forex Market
Traders are able to open long or short positions on the exchange rates of a currency pair. When they go long, they are essentially speculating that the exchange rate of that currency pair will go up. When a trader opens a short position, they are speculating that the exchange rate of that currency will go down. Since this market does not have a main regulatory body, traders do not need to borrow capital or securities form a broker to enter a short trade. However, it should be noted that there is still a fee to be paid, which is called a rollover fee.
Forex Brokers
Most traders use brokers when trading Forex, as they manage the money in their account and provide other services. However, as with all services, fees will be incurred. Some brokers include their fees on fine prints, so it is important to thoroughly research before choosing a broker. In this article, we will provide you with some criteria to check against the Forex broker, so that you can make the best choice.
Steps to Choosing the Best Forex Broker
The first step to choosing your broker is to figure out your needs. That means figuring out the type of investor that you are and your plans. You also need to check for account security features and whether the broker is regulated. Brokers in USA are typically regulated by the NFA and CFTC. Other developed nations also regulate their brokers. Various brokers have different account requirements and account minimums. Therefore, you need to have clear goals about your budget that you can afford to pay and key trading features that you will need.
You will also need to check if your broker offers capital protection. Some brokers can get your money by force if you have a losing position on margin. If the brokers default, they are not required by law to distribute all their capital to their clients. Therefore, you should make sure that they offer reliable service. You can do so by reviewing their withdrawal policy and how they manage your money. Some brokers also offer educational resources and tools to help you improve your trading experience.
Intro to Currency Pairs
The basis of all speculation in the Forex revolves around the movements of the currencies’ exchange rate. The way that we measure the movements of the currency rates are done using units called pips. A currency pair expresses the exchange rate of 2 currencies. This is done by performing fraction mathematics. One currency is used as the denominator and one as numerator. The numerator is called the base currency and the denominator is called the quote currency. For example, if the EUR to USD exchange rate is 1,20000 it means that the EUR is trading 20% higher than the American dollar.
Since we explained that the EURO to USD ratio was 1,20000, this currency pair measures the strength of the euro compared to the dollar. The opposite currency pair, which is USD to EUR, will measure the strength of the dollar compared to the euro. Since we know EUR/USD, we divide by 1 to get the reverse currency rate, thus (1: 1,20000) = 0.83000.
Essentially, the most popular strategy is to trade the currency with the highest trading volume because it will also offer lower costs. Currently, the most popular currency pairs are EUR to USD, USD to JPY, GBP to USD and USD to CHF.
Measuring Market Fluctuations
To measure the market fluctuations, we rely on pips. The Forex quotes have 5 digits where the last 2 digits are displayed in large print. This is the smallest increment that the ratio can change. There is an ask price and a bid price. The difference between these 2 values is called the spread. When you enter a trade, you need to plan your investment capital and the right position to enter. The bigger the capital allocated, the fewer pips you need to make a significant profit and vice versa.
Loans
Forex account are eligible to get loans, or margin. This is money that your broker can lend you to trade. Usually, Forex brokers allow up to 50 times leverage, loaning you a huge amount of capital relative to the one that you have in cash. It is important to know that interest is incurred from loans. Therefore the trader needs to be careful when trading on margin, as it needs to be ensured that the margin capital is making profit. If you trade on margin and the trade goes in the opposite way, your capital can get wiped out quickly.
The Actual Market
Forex is traded through a communication network among banks that does not have a main regulatory body. Since they are not regulated, they are not forced to show the best quotes. Thus, they can make profits by displaying overpriced quotes too. The broker’s platform is used to execute the trades. Metatreader is a strong platform that is used by most brokers. There are desktop platforms and mobile based trading platforms too that can be used too.
Types of Orders
There are a lot of trades that one can execute. There are safety tools that safeguard your capital, such as stop losses and close all orders. You can place a market order, which is an order that gets filled instantly at the market's best available price. The stop order is a request to buy a currency pair at a given price. Limit orders enters a currency pair at the best given entry price of your choice or better. A stop limit order sends 2 orders at the same time - a stop order and a limit order. Guaranteed stop loss is a order that will be filled with absolute accuracy if the price falls below certain value. Close all is an order type that closes all positions at the best available price.
Compare Forex Brokers Verdict
Trading in the Forex requires many steps to ensure that you make a profit. Hence, sufficient research should be conducted to ensure that the trader is aware of the trading features necessary to execute the strategy. Before choosing the right Forex broker, such prior knowledge needs to be established before you can decide which broker best suits your needs. Therefore, traders should constantly remind themselves of the points brought up in this article to ensure that you work with the right broker.
We've collected thousands of datapoints and written a guide to help you find the best Forex brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Forex Brokers Investment Platforms below. You can go straight to the broker list here.
Reputable Forex Brokers Checklist
There are a number of important factors to consider when picking an online Forex Brokers Investment Platforms trading brokerage.
- Check your Forex Brokers Investment Platforms broker has a history of at least 2 years.
- Check your Forex Brokers Investment Platforms broker has a reasonable sized customer support of at least 15.
- Does the Forex Brokers Investment Platforms broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Forex Brokers Investment Platforms broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Forex Brokers Investment Platforms broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Forex Brokers Investment Platforms can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Forex Brokers Investment Platforms.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Forex Brokers Investment Platforms.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Forex Brokers Investment Platforms of 2021 compared
Here are the top Forex Brokers Investment Platforms.
Compare Forex Brokers Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Forex Brokers Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Brokers Investment Platforms that accept Forex Brokers Investment Platforms clients
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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FP Markets
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Pepperstone
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XM
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Plus500
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FXPrimus
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EasyMarkets
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SpreadEx
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| Rating | |||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) |
| Min Deposit | 200 | No minimum deposit | 200 | 250 | 100 | 200 | 5 | 100 | 100 | 100 | 1 |
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| Used By | 20,000,000+ | 250,000+ | 180,000+ | 200,000+ | 10,000+ | 10,000+ | 3,500,000+ | 15,500+ | 10,000+ | 142,500+ | 10,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with icmarkets |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with pepperstone |
Sign
Up with xm |
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Up with plus500 |
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Up with fxprimus |
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Up with easymarkets |
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Up with spreadex |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
| Demo |
eToro Demo |
XTB Demo |
IC Markets Demo |
AvaTrade Demo |
FP Markets Demo |
Pepperstone Demo |
XM Demo |
Plus500 Demo |
FXPrimus Demo |
easyMarkets Demo |
SpreadEx Demo |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US, IN, PK, BD, NG , ID, BE | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | BR, KR, IR, IQ, SY, JP, US | US, CA, IL, KR, IR, MM, CU, SD, SY | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US | US, TR |
All Forex Brokers Investment Platforms in more detail
You can compare Forex Brokers Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Forex Brokers Investment Platforms for 2021 article further below. You can see it now by clicking here
We have listed top Forex Brokers Investment Platforms below.
Forex Brokers Table of Contents
- Forex Brokers Explained
- 6 Factors to Consider when Choosing Forex Brokers
- Are Your Forex Brokers Trusted And Established?
- Are The Forex Brokers World Leading?
- What are the Forex Brokers Commissions and Fees?
- What are the Forex Brokers Funding and Withdrawl Methods?
- Find Forex Brokers with Round-the-clock support?
- Make sure the Forex Brokers Offer Comprehensive Trader resources?
- Why do Forex Brokers need to be regulated?
- Forex Brokers FAQ
- What are the best Forex Brokers Investment Platforms brokers?
- What is the best Forex Brokers Investment Platform broker?
- Related Forex Brokers Reviews
- Related Forex Brokers Alternatives
- Related Forex Brokers Comparisons
Forex Brokers Explained
Trading the financial markets with Forex Brokers when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Forex Brokers is the platform that a Forex Brokers offer.
Choose Forex Brokers that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Forex Brokers that you can rely on.
6 Factors to Consider when Choosing Forex Brokers
Follow these five rules for selecting a broker that's right for you:
Are Your Forex Brokers Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Forex broker is eToro. Established in 2007, and in operation for 14 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
Another top rated broker is XTB.
XTB was established 2002, and in operation for 16 years XTB have a head office in Poland.
XTB is regulated. This means XTB are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) regulatory bodies.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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FP Markets
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Pepperstone
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| Year Established | 2007 | 2002 | 2007 | 2006 | 2005 | 2010 |
| Head Office | Cyprus, UK | Poland | Australia | The British Virgin Islands | Australia | Australia |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 |
| Used By | 20,000,000+ | 250,000+ | 180,000+ | 200,000+ | 10,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | No | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit XTB | Visit IC Markets | Visit AvaTrade | Visit FP Markets | Visit Pepperstone |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
Are The Forex Brokers World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 2000 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Forex Brokers is XTB . XTB Segregates clients funds and offers over 4000 instruments.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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FP Markets
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Pepperstone
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| Instruments Available | 2000 | 4000 | 232 | 1000 | 100 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
| Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | US | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | BR, KR, IR, IQ, SY, JP,US |
| Forex pairs offered | 50 | 57 | 65 | 80 | 60 | 70 |
| Forex pairs offered | 50 | 57 | 65 | 80 | 60 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 31 | 21 | 19 | 16 | 18 | 16 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes | Yes | Yes | No |
| Stocks Offered | 2042 | 1696 | 110 | 99 | 10000 | 60 |
| UK Shares | Yes | Yes | No | Yes | Yes | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | No |
What are the Forex Brokers Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Forex broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). eToro minimum deposit is 200.
Another top rated Forex broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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FP Markets
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Pepperstone
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| Min Deposit | 200 | 0 | 200 | 250 | 100 | 200 |
| Withdrawl Fees | Yes | varies | No | No | No | No |
| Inactivity Fees | Yes | No | No | No | No | Yes |
| Deposit Fees | No | No | Varies | No | Yes | No |
| CFD Commission Fees | No | Yes | Yes | No | Yes | Yes |
What are the Forex Brokers Funding and Withdrawal Methods?
When dealing with Forex Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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FP Markets
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Pepperstone
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| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | Yes | Yes | Yes |
| Skrill | Yes | Yes | Yes | No | Yes | Yes |
| Payoneer | No | Yes | No | Yes | No | Yes |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Forex Brokers with Round-the-clock support?
Customer service is very important when dealing with Forex Brokers.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Forex Brokers customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, Italian
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
eToro and XTB offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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XTB
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IC Markets
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AvaTrade
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FP Markets
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Pepperstone
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| Support |
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| Languages | English, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |
| Learn More | Visit eToro | Visit XTB | Visit IC Markets | Visit AvaTrade | Visit FP Markets | Visit Pepperstone |
| Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
Make sure the Forex Brokers Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and XTB work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Forex Brokers need to be regulated?
A regulated Forex broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Forex brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Forex Brokers List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account