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Best Forex Brokers

Get a quick look on the best brokers available

Forex trading is not the easiest way to build wealth. It requires a lot of skill and some complications that can intimidate new traders. The best forex brokers are those that offer a variety of services and products, including trading platforms. They must also provide reliable customer service, secure platform, and other essential trading features. Finding a good broker is hard. Brokers are paid to sell you financial products. That means they don’t always have your best interest at heart, and that’s why it can be so hard to find a trustworthy one. We’ve created this website as an unbiased resource for investors looking for honest brokerage reviews from real people like you and me. Here we’ll share our experiences with different brokers and let you know which ones we recommend based on our research and first-hand experience using their services.

You have a busy job, and you don’t have time to research the latest brokers or you’re new to forex trading. That’s why we created Broker Reviews. We do all the hard work for you! Our team of experts tests every broker so you can find out which one is best suited to your needs. By reading our reviews, you’ll be able to compare different options in just minutes. All of our reviews are written by industry insiders who know exactly what they’re talking about, so that means there’s no bias or fake information here!

IG

Min. Deposit: $250
Max. Leverage: 1:30
Trading Platforms: MT4, IG WebTrader

IG Group offers online trading to retail and institutional investors. It offers three types of trades: CFDs, spread bets, and futures. Its most significant product is the CFD, or contract for difference, which allows investors to trade on the difference between prices of assets in rapid succession.

BullGeko

Min. Deposit: $250
Max. Leverage: 1:300
Trading Platforms: MT4, WebTrader

There are diverse brokers available on the web, and Bullgeko happens to be a relatively recent addition to the list. The company was founded in 2013, and they describe themselves as a “Bitcoin-based platform.” However, the platform also offers trading options on diverse assets inside and outside the cryptocurrency world. 

FxPro

Min. Deposit: $250
Max. Leverage: 1:200
Trading Platforms: MT4, MT5, cTrader

FxPro is a global forex broker founded in the UK in 2006. Since then, it has built a strong reputation for providing innovative services to retail traders through its popular platform. The London-headquartered company also serves institutional clients from over 170 countries with 24/5 support via email and phone features.

eToro

Min. Deposit: $200
Max. Leverage: 1:30
Trading Platforms: eToro Platform

eToro is an international Forex broker licensed in over 30 countries, offering traders over 800 trading instruments across Forex and CFDs. With an extensive range of assets and the best investment opportunities in the world, they make sure that you get access to the markets that suit your risk profile.

Bitonext

Min. Deposit: $250
Max. Leverage: 1:600
Trading Platforms: WebTrader

Bitonext is a U.K based broker that is newly founded in 2016 and has been offering a wide range of asset classes to deal with. The broker offers forex, crypto, indices, shares, and commodities trading. However, the broker is not regulated; they have applied for the license, and the process is underway. Bitonext provides enough options to deposit and withdraw on your account. The minimum deposit requirement is 250$. If you are looking for commission-free trading, Bitonext is in the first row of brokers offering the same. The broker also offers various account types for every level of trader, and the spreads are as low as 0.0 pips. The broker does not have any third-party platform, but the proprietary web trading platform is equipped with tools and trading indicators. The broker promotes education while sharing the trading guides and helpful material for beginners. You can enjoy the facility of automated trading with the broker.

Interactive Brokers

Min. Deposit: $0
Max. Leverage: 1:40
Trading Platforms: TWS, IB WebTrader

Interactive Brokers (IB) allows traders to trade from anywhere in the world via its online platform. This forex broker is a market maker and global trading firm specializing in options, futures and forex for professionals and beginners. It is regulated by the NFA and FCA in the US and UK respectively.

FXTM

Min. Deposit: $50
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, FXTM Trader

FXTM is a top-ranked CFD and FX broker offering over 400 contracts, including indices, shares, futures and commodities. Their trading platforms are user-friendly and highly intuitive. The company has been around since 2011, and they are regulated by several financial authorities such as the FCA (United Kingdom), CySEC (Cyprus), ASIC (Australia) and the NFA (Japan).

XM

Min. Deposit: $5
Max. Leverage: 1:30 | 1:888
Trading Platforms: MT4, MT5, XM WebTrader

XM offers access to over 80 digital currency pairs and over 45 fiat currencies in CFD’s. The company’s goal is to build a trusted brand while providing entry into the cryptocurrency market for retail traders. XM Forex is well known for its convenient app – which provides excellent mobile trading, advanced charts, and 24H news feed. To add an extra level of protection for new traders, the XM team includes certified financial advisors in all markets.

TICKMILL

Min. Deposit: $100
Max. Leverage: 1:500
Trading Platforms: MT4

Founded in 2014, Tickmill is a fully regulated broker that operates in the UK. Unlike forex brokers that use CFDs and spread betting firms that only handle bets on markets (rather than actual currencies), it offers crypto trading via real cryptocurrencies stored in secure offline wallets. The broker maintains two bank accounts: one for client funds and one for collateral held in the event of insolvency.

Pepperstone

Min. Deposit: $200
Max. Leverage: 1:30
Trading Platforms: MT4, MT5, cTrader

Pepperstone has been a forex broker since 2010. It was developed by a private company incorporated in Australia, and initially it only offered forex related services. In 2012, it launched its first CFDs products, and now they also offer binary products. The company is well known for its tendency to attract new traders through its attractive promotions that include free trading bonuses and cash-back deals.

alvexo

Min. Deposit: $250
Max. Leverage: 1:30
Trading Platforms: alvexo WebTrader, MT4

Alvexo is an independent broker that offers several different currency pairs and CFDs. They’re regulated by the CySEC (Cyprus Securities and Exchange Commission) and authorized and regulated by the Financial Conduct Authority (FCA). The company is based in Cyprus, but also has offices in Paris, France.

Plus500

Min. Deposit: $100
Max. Leverage: 1:30-EU | 1:300-AU
Trading Platforms: Plus500 Platform

Plus500 is one of the most popular CFDs online. It offers tight-spread trading with leverage up to 300:1 and has over 300,000 clients worldwide. Its platforms are available in eight languages: Arabic, Bulgarian, Chinese, Croatian, Czech, French, German and Russian. Plus500 offers unique features that help you trade a wide range of markets, including foreign exchange, stocks and commodities using CFDs.

XTB

Min. Deposit: $5
Max. Leverage: 1:30
Trading Platforms: XTB WebTrader, MT4

XTB is a global CFD and forex broker that emphasizes regulation and offering CFDs on major world indices, commodities, stocks, metals, and financial products. The company offers its clients institutional-level execution quality in more than 25 countries and 12 languages.