What Is Forex

We found 24 online brokers that are appropriate for Trading Forex.

What is Forex? – Updated for 2020

Forex is one of the most actively traded markets with banks, businesses and people leading to a daily world wide trading volume of $5 trillion USD.

Currency trading, also known as Forex trading FX Trading or foreign exchange is the conversion of one country currency into another country’s currency.

While some currency conversion is done for practicality like when traveling, the majority of foreign exchange is done by traders aiming to capitalize on the fluctuation on currency price movements.

Forex prices can fluctuate dramatically during the day allowing Forex traders to profit from the fall and rise in currency exchange rates. Be aware that Forex market volatility increases risk.

How Do Currency Markets Work?

Currency markets operate all over the world, this allows you to trade the Forex markets 24 hours 7 days a week.

Unlike stocks or commodities, forex trading doesn’t occur on exchanges but directly between two parties in an OTC market (Over the counter market).

The foreign exchange market is conducted with a community of banks, spread across four forex trading centers in various time zones. The worlds largest Forex markets are in Sydney, New York, London and Tokyo.

What is a Forex Pair?

Forex brokers split forex pairs into Major pairs, Minor pairs, Exotic pairs and regional pairs.

Here is an example of some of the worlds most traded currency pairs by volume.

What is a Base currency in a Forex Pair?

A base currency is the first three letter currency code displayed in a forex pair.

What is a Quote Currency in a Forex Pair?

A quote currency is the second currency code in the forex pair.

What Influences The Forex Market?

The economic health of a country is a major factor in the overall value of that nations currency.
Economic health is judged by many ever changing factors including supply and demand of that currency.

Can Central banks Affect the Forex Market?

The supply of currency is controlled by who controls the country monetary policy, this is usually the nations central bank. Changes in monetary policy can have dramatic effects on the value of a nations currency. If more currency is released into an economy for example the supply increases with can potentially lower the value of a currency.

News and Media Reports and Forex

If a good market news is released via any one of the worlds available media channels it builds confidence in a country’s economy. If commercial banks, investment firms and businesses around the world have assurance in a country they are more likely to invest and move their businesses to that country. This will increase the value of the country’s currency

Political Stability and Forex

If a country or region is politically unstable this change effect currency prices and investment dramatically.

Political stability ensures continuation of economic policy which means less change of dramatic currency fluctuations. When the political sentiment is unstable in many nations, it creates fear in the market.

Forex Market Sentiment

The sentiment of a currency, economy change be greatly affected by a piece of news. If traders believe the market will go in a certain direction due to some new information it can cause the majority of traders collectively to follow. Understanding the sentiment of the forex market is essential to successfully trading forex.

How Do You Trade Forex?

The increasing development and maturing of internet trading has give the rise to many regulated online brokers giving you the ability to take advantage of forex price movements.
Popular methods of trading on the forex markets is CFD trading and spread betting.

We list what we think are the top forex brokers below. You can go straight to the broker list here

Forex Brokers Guide

We've collected thousands of datapoints and written a guide to help you find the best What Is Forex 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 What Is Forex 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 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.

Our brokerage comparison table below allows you to compare the below features for brokers offering Forex Brokers.

We compare these features to make it easier for you to make a more informed choice.

Best 15 Forex Brokers of 2024 compared

Here are the best Forex Brokers.

Compare Forex Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are forex brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more forex brokers that accept forex clients

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets NordFX EasyMarkets SpreadEx FXPro Plus500 Admiral ThinkMarkets FXPrimus
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) 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 Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec) Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Min Deposit 200 10 100 No minimum deposit 5 200 100 100 1 100 1 100 100 200 No minimum deposit 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 1,000,000+ 30,000,000+ 935,000+ 10,000,000+ 400,000+ 300,000+ 10,000+ 10,000+ 142,500+ 10,000+ 1,866,000+ 24,000,000+ 10,000+ 500,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
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  • Email support
  • Live chat
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  • Live chat
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  • Live chat
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  • Live chat
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  • Live chat
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  • Live chat
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  • Live chat
  • Phone support
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  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
IC Markets
Sign Up with
Roboforex
Sign Up with
eToro
Sign Up with
XTB
Sign Up with
XM
Sign Up with
Pepperstone
Sign Up with
AvaTrade
Sign Up with
FP Markets
Sign Up with
NordFX
Sign Up with
easyMarkets
Sign Up with
SpreadEx
Sign Up with
FxPro
Sign Up with
Plus500
Sign Up with
Admiral Markets
Sign Up with
ThinkMarkets
Sign Up with
FXPrimus
Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 76-85% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. 74-89 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Losses can exceed deposits Your capital is at risk Losses can exceed deposits 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider 82% 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 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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
Demo IC Markets
Demo
Roboforex
Demo
eToro
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
FP Markets
Demo
NordFX
Demo
easyMarkets
Demo
SpreadEx
Demo
FxPro
Demo
Plus500
Demo
Admiral Markets
Demo
ThinkMarkets
Demo
FXPrimus
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, JP, NZ US, CA, EU, RU, SY, KP, CU US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO US, CA, JP, SG, MY, JM, IR, TR RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC.

All Forex brokers in more detail

We have listed 24 best Forex brokers below.

You can compare Forex Brokers 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 Best Forex Brokers for 2024 article further below. You can see it now by clicking here

1
IC Markets
(4/5)
Min deposit : 200
IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies
IC Markets was established in 2007 and is used by over 180000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
2
Roboforex
(4/5)
Min deposit : 10
Roboforex offers Forex, CFDs
Roboforex was established in 2009 and is used by over 1000000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
3
eToro
(4/5)
Min deposit : 100
eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds
eToro was established in 2007 and is used by over 30000000+ traders.
76% of retail investor accounts lose money when trading CFDs with this provider.

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
4
XTB
(4/5)
Min deposit : 0
XTB offers Forex, CFDs, Cryptocurrency
XTB was established in 2002 and is used by over 935000+ traders.
76-85% 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.

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
5
XM
(4/5)
Min deposit : 5
XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs
XM was established in 2009 and is used by over 10000000+ traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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.

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
6
Pepperstone
(4/5)
Min deposit : 200
Pepperstone offers Forex, CFDs, Social Trading
Pepperstone was established in 2010 and is used by over 400000+ traders.
74-89 % of retail investor accounts lose money when trading CFDs

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by 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
7
AvaTrade
(4/5)
Min deposit : 100
AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading
AvaTrade was established in 2006 and is used by over 300000+ traders.
71% of retail investor accounts lose money when trading CFDs with this provider

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
8
FP Markets
(4/5)
Min deposit : 100
FP Markets offers Forex, CFDs
FP Markets was established in 2005 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB)
9
NordFX
(4/5)
Min deposit : 1
NordFX offers Forex
NordFX was established in 2008 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008
10
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto
easyMarkets was established in 2001 and is used by over 142500+ traders.
Your capital is at risk

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx offers Forex, CFDs, and spread betting
SpreadEx was established in 1999 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPro
(4/5)
Min deposit : 100
FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies
FxPro was established in 2006 and is used by over 1866000+ traders.
75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Plus500
(4/5)
Min deposit : 100
Plus500 offers CFDs, CFD Shares, CFD Indices, CFD Forex, CFD Commodities, CFD ETFs, CFD Options, CFD Futures, Real shares via Plus500Invest
Plus500 was established in 2008 and is used by over 24000000+ traders.
82% 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.

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA
Admiral
(3/5)
Min deposit : 200
Admiral Markets offers Forex, CFDs
Admiral Markets was established in 2001 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
ThinkMarkets
(3/5)
Min deposit : 0
ThinkMarkets offers Forex, CFDs
ThinkMarkets was established in 2010 and is used by over 500000+ traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec)
FXPrimus
(3/5)
Min deposit : 100
FXPrimus offers Forex, Social Trading
FXPrimus was established in 2009 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Trading212
(3/5)
Min deposit : 1
Trading 212 offers Stocks, Forex, Commodities, Indices
Trading 212 was established in 2004 and is used by over 15000000+ traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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.

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

Web Trader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA) Firm reference number 609146, Financial Supervision Commission (FSC), Cyprus Securities and Exchange Commission (CySec) License number 398/21
forexmart
(3/5)
Min deposit : 1
ForexMart offers Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading
ForexMart was established in 2015 and is used by over 10000+ traders.
Your capital is at risk

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4,WEB,desktop

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Eightcap
(3/5)
Min deposit : 100
Eightcap offers Forex, CFDs
Eightcap was established in 2015 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC)
ForTrade
(3/5)
Min deposit : 100
ForTrade offers Forex, CFDs
ForTrade was established in 2014 and is used by over 1000000+ traders.
Your capital is at risk

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, Binary, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Investment Industry Regulatory Organization of Canada (IIROC), National Bank of the Republic of Belarus (NBRB)
IB
(3/5)
Min deposit : 10000
Interactive Brokers offers Forex
Interactive Brokers was established in 1977 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

Web Trader, NinjaTrader, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Forex.com
(3/5)
Min deposit : 100
Forex.com offers Forex, Indices, Commodities, Equities, Cryptocurrencies
Forex.com was established in 1999 and is used by over 200000+ traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC)
IG
(2/5)
Min deposit : 0
IG offers Forex, CFDs, Spread Betting, Share dealing
IG was established in 1974 and is used by over 239000+ traders.
Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
ETX Capital
(3/5)
Min deposit : 100
ETX Capital offers Forex, CFDs, Spread Betting
ETX Capital was established in 2002 and is used by over 10000+ traders.
Losses can exceed deposits

Funding methods

  • Bank transfer
  • Credit Card
  • Paypal

Platforms

MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps

Spread type

  • fixed spreads
  • variable spreads

Customer support

  • Live chat
  • Phone support
  • Email support
Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)