We found 11 online brokers that are appropriate for Trading Forex.
When you want to trade Forex, you will need to find the right Forex broker first before proceeding. Finding the right Forex Broker will be pivotal for your future in Forex as you are going to make the trade on the platform. That is why you will want to work with a trustworthy and reliable service.
It is true that Forex is one of the top financial products in the world. Because of the popularity nature, there are many brokers who are attracting Forex fans across the globe.
When you use your favorite search engine to look for the best Forex broker, finding out the best one can be a huge challenge. There are many Forex brokers which claim to offer the best service but only few of them can keep their word.
It would probably take time and effort to research on your own and here are some tips for you to apply to ease you in locating the best Forex brokers for you.
When browsing around, there will be tons of choices that might make you wonder which one is best. There is nothing improper with jotting down a list and then, you will want to narrow down that list until you find the best candidate for the Forex brokerage for you.
You must ask yourself about the brokerages that you want to work with. You will not want to risk losing your money for poor services or scamming companies. A good brokerage will not object showing you their proof of credibility. They do not hesitate to show you their licenses and certification. The companies that are regulated are indeed better than the no regulated companies.
You may want to ensure that they are monitored, depending on the place where the business is operating. The regulation is made by the third-party institutions to protect the clients when using the brokerages. After all, you will have peace of mind when your funds are handled by the brokers who have good credentials a respectable reputation.
It is of no consequence where you want to trade Forex. What matters is that you want to make sure that these brokers are regulated by the official Financial institutions. In the UK, for instance, the Financial Conduct Authority or FCA is the governing body who regulates brokers in the UK. If your broker is in another country, the regulation could be different.
The cost is one of the most notable factors to consider. After all, you do not want to end up losing your profits due to hefty fees from your brokers. Brokers have different ways to make money. Some of them use a commission system but some of them focus on fair spreads to rate the fees.
For those who have not known, the spread is the gap between the buy and sell price on the currency pair. You will almost certainly will want to get used to the profit margin. To determine the right brokerage for you, you will want to look at their average spreads. Look at their offers. Just skip the spreads average that will burden your capital. You can also look over their minimum deposit.
The trading platforms from the Forex are an important aspect for you. Again, you must assess the trading platform with the view that you are going to use it for a long time in the future. That is why you want to make sure to stick to the platforms that are user-friendly and navigable. It doesn't take you a long time or effort to get used to the platform for trading.
In common, the top reputable and trustworthy brokerages are using MetaTrader 4 platform in their system. If you are familiar with this, you just need to proceed.
Even though you are not familiar with the MT4 or other trading platform, a good brokerage must provide you with a free demo account so that you can try it out first before using your real money on the platform.
Besides everything else that we have mentioned above, the determining factor to make it a good company or not is based on their customer support. What do you think about their customer care? Are their solutions helpful for you? Does their representative answer every question that you ask? Are you satisfied with their customer support?
The quality of customer support can tell a lot about how well their services are. When the customer support department does not do well in assisting their customers, then you should not expect too much on their services.
A good customer service is a good evidence that the brokerage really pays attention to their customers' satisfaction.
We've collected thousands of datapoints and written a guide to help you find the best Forex Broker UK Reviews 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 below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Forex trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Forex.
Compare Forex min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Forex. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex that accept Forex clients
Broker |
eToro
![]() |
IC Markets
![]() |
XTB
![]() |
AvaTrade
![]() |
FP Markets
![]() |
Trading212
![]() |
Plus500
![]() |
Pepperstone
![]() |
EasyMarkets
![]() |
XM
![]() |
FXPrimus
![]() |
Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) | 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), Financial Supervision Commission (FSC) | 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 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 100 | 1 | 100 | 200 | 100 | 5 | 100 |
Funding |
|
|
|
|
|
|
|
|
|
|
|
Used By | 17,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
Benefits |
|
|
|
|
|
|
|
|
|
|
|
Accounts |
|
|
|
|
|
|
|
|
|
|
|
Spreads |
|
|
|
|
|
|
|
|
|
|
|
Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
Support |
|
|
|
|
|
|
|
|
|
|
|
Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with xtb |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with trading212 |
Sign
Up with plus500 |
Sign
Up with pepperstone |
Sign
Up with easymarkets |
Sign
Up with xm |
Sign
Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 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. | 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. 76% 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. | 76.4% 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. | 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 | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus 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, | 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 | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare Forex 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 for 2021 article further below. You can see it now by clicking here
We have listed top Forex below.