Thu. Oct 6th, 2022

Top 100 Forex Brokers – ( Complete List )
Forex trading involves the exchanging of one currency for another on the foreign exchange market . No investment in any market or business opportunity is without risk, and the main question always asked and answered by our inhouse team of professional is – “How should I compare forex brokers, and find the best one for me?” In our forex brokers reviews list , we have taken into account a wide range of important ranking factors, from regulations to minimum deposits, to trading platforms and max leverage as all of these factors is what makes a broker great, and impacts a client’s success as a trader.
TOP 5 FOREX BROKERS ON THE LIST ( 2022 )
To trade forex , a trader needs an online broker and trading with a trusted forex broker plays a massive part of a traders’ success in the market. As a currency trader or investor, different traders will have different and specific needs which will related to which platform , tool , or research requirements they may have.
For the trader to understand their own unique trading style will help determine which FX broker which will be best suited. The “best” forex broker for a trader will often come down to simple yet important offering like the trading platform or the fees.
The Popularity Rankings of Top 100 Forex Brokers and Platforms below are determined by a combination of the brokers popularity, the quality of the trading platform or platforms on offer and the most important point of all – regulation.
Alpari.
Min. Deposit: 20 US$
Max. Leverage: 1:500.
Trading Platforms: MT4, MT5.
Regulation: SVG FSC, IFSC.
Min. Deposit: US$200.
Max. Leverage: 1:30 | 1:200.
Trading Platforms: MT4, MT5.
Regulation: CySEC, FCA, FSCA.
FP Markets.
Min. Deposit: 100 US$
Max. Leverage: 1:500.
Trading Platforms: IRESS, MT4, MT5.
Regulation: ASIC, CySEC.
XM.
Min. Deposit: US$5.
Max. Leverage: 1:30 to 1:888.
Trading Platforms: MT4, MT5, XM WebTrader.
Regulation: CySEC, ASIC, IFSC.
AvaTrade.
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:400.
Trading Platforms: MT4, AvatradeGo.
Regulation: Bank of Ireland, ASIC, JFSA, FSCA.
GO Markets.
Min. Deposit: 200 US$
Max. Leverage: 1:500.
Trading Platforms: MT4, MT5, WebTrader.
Min. Deposit: 10 EUR.
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5.
Regulation: CySEC, IFSC.
OctaFX.
Min. Deposit: 100 EUR.
Max. Leverage: 1:30 | 1:500.
Trading Platforms: MT5, cTrader.
ETFinance.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: WebTrader, MT4.
ROinvesting.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, WebTrader.
TradeATF.
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:500.
Trading Platforms: MT4.
Regulation: CySEC, IFSC.
Exness.
Min. Deposit: 1 US$
Max. Leverage: 1:30 | 1:1000.
Trading Platforms: MT4, MT5.
Regulation: CySEC, FCA, SFSA.
Plus500.
Min. Deposit: US$100.
Max. Leverage: 1:300.
Trading Platforms: Plus500 Platform.
Regulation: FCA, CySEC, ASIC, MAS.
eToro.
Min. Deposit: US$200.
Max. Leverage: 1:30.
Trading Platforms: eToro Platform.
Regulation: CySEC, FCA, ASIC.
Min. Deposit: GBP 250.
Max. Leverage: 1:30.
Trading Platforms: MT4, IG Proprietary.
Regulation: FCA, ASIC, CFTC, FINMA, MAS, JFSA, DIFC.
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:500.
Trading Platforms: MT4.
Lirunex.
Min. Deposit: 500 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
BlackBull Markets.
Min. Deposit: 200 US$
Max. Leverage: 1:200.
Trading Platforms: MT4, MT5.
Scandinavian Capital Markets.
Min. Deposit: 10,000 US$
Max. Leverage: 1:30 | 1:100.
Trading Platforms: Currenex, cTrader, MT4.
Regulation: Swedish FSA.
Charter Prime.
Min. Deposit: 100 US$
Max. Leverage: 1:500.
Trading Platforms: MT4.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: WebPROfit.
CommSec.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: WebPROfit.
Synergy FX.
Min. Deposit: 100 US$
Max. Leverage: 1:500.
Trading Platforms: MT4, MT5.
MultiBank Exchange Group.
Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500.
Trading Platforms: Maximus Platform, ECN PRO Platfrom, MultiBank Pro Platfrom, MT4, MT5.
Regulation: ASIC, BaFin, RAK.
Just2Trade.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5, CQG.
Goldwell Capital.
Max. Leverage: 1:200.
Trading Platforms: MT4.
TriumphFX.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
FXFlat.
Min. Deposit: 200 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5, AgenaTrader.
MEX Exchange.
Min. Deposit: 0 US$
Max. Leverage: 1:500.
Trading Platforms: MT4.
JP Markets.
Max. Leverage: 1:200.
Trading Platforms: MT4, JPM App.
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5, NAGA Web.
FxNet.
Min. Deposit: 50 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
Regulation: CySEC, IFSC.
Atom8.
Min. Deposit: 2,000 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
Velocity Trade.
Max. Leverage: 1:30 | 1:200 | 1:400.
Trading Platforms: MT4, PFSOFT.
Regulation: ASIC, FCA, IIROC, FSB, FMA.
Invast Global.
Min. Deposit: 25,000 AUD$
Max. Leverage: 1:500.
Trading Platforms: MT4, MT5, IRESS, oneZero, Bloomberg.
Core Liquidity Markets CLM.
Min. Deposit: 100 US$
Max. Leverage: 1:500.
Trading Platforms: MT4.
Valbury Capital.
Min. Deposit: 10,000 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, IRESS, CQG Trader, PATS J-Trader.
Blueberry Markets.
Min. Deposit: 100 US$
Max. Leverage: 1:400.
Trading Platforms: MT4, MT5.
Global Prime.
Min. Deposit: 200 US$
Max. Leverage: 1:400.
Trading Platforms: MT4.
Baxter FX.
Min. Deposit: 50,000 US$
Max. Leverage: 1:400.
Trading Platforms: Currenex, Hotspot, FxAll.
TeraFX.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
Kerford UK.
Min. Deposit: 1,000 US$
Max. Leverage: 1:30.
Trading Platforms: Kerford UK Trader.
Sucden Financial.
Min. Deposit: 1,000 US$
Max. Leverage: 1:30.
Trading Platforms: Kerford UK Trader.
Finotrade.
Min. Deposit: 1,000 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
Finspreads.
Min. Deposit: 50 US$
Max. Leverage: 1:30.
Trading Platforms: Advantage Web.
TIO Markets.
Min. Deposit: 50 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5.
Cresco FX.
Min. Deposit: 1,000 US$
Max. Leverage: 1:30.
Trading Platforms: Cresco Trader, MT4.
CIX Markets.
Min. Deposit: 500 US$
Max. Leverage: 1:30.
Trading Platforms: CIX Trader, MT4.
Nadex.
Min. Deposit: 250 US$
Max. Leverage: 1:40.
Trading Platforms: Nadex Platfrom, NadexGO.
MahiFX.
Min. Deposit: 1 US$
Max. Leverage: 1:100.
Trading Platforms: MFXVector, MT4.
Regulation: ASIC, FMA, FCA.
CPT Markets UK.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
House of Brose.
Min. Deposit: 5,000 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5.
Regulation: FCA, CySEC, DFSA, CIMA.
Tickmill.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, WebTrader.
Regulation: FCA, FSA, CySEC.
Markets.com.
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:400.
Trading Platforms: Markets.com Web, MT5.
Regulation: CySEC, ASIC, FSCA.
Min. Deposit: 250 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, xStation 5.
Forex.com.
Min. Deposit: 50US$
Max. Leverage: 1:40.
Trading Platforms: MT4, FOREX.com Platforms.
Regulation: FCA, IIROC, ASIC, CFTC.
City Index.
Min. Deposit: 100 US$
Max. Leverage: 1:500.
Trading Platforms: MT4, cTrader.
IC Markets.
Min. Deposit: 100 GBP.
Max. Leverage: 1:30.
Trading Platforms: Advantage Web, AT Pro, MT4.
ETX Capital.
Min. Deposit: 200 US$
Max. Leverage: 1:500.
Trading Platforms: cTrader, MT4, MT5.
ForexCT.
Min. Deposit: 100 GBP.
Max. Leverage: 30:1.
Trading Platforms: TraderPro, MT4.
Amana Capital.
Min. Deposit: 500 US$
Max. Leverage: 1:400.
Trading Platforms: WebPROfit, MobilePROfit, Mirror Trader.
Oanda.
Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500.
Trading Platforms: MT4, MT5.
Regulation: FCA, CySEC, DFSA.
Equiti.
Min. Deposit: no minimum deposit.
Max. Leverage: 50:1.
Trading Platforms: MT4, fxTrade.
Regulation: CFTC, NFA, FCA, MAS, ASIC, IIROC.
ICM Capital.
Min. Deposit: 500 US$
Max. Leverage: 1:30 | 1:500.
Trading Platforms: MT4.
Regulation: JSC, FCA, DMCC, SCA.
Pepperstone.
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500.
Trading Platforms: MT4, MT5, cTrader.
Regulation: FCA, ASIC.
PhillipCapital UK.
Min. Deposit: 200 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
PhillipCapital UK.
Min. Deposit: 50 US$
Max. Leverage: 1:200.
Trading Platforms: MT4, Trading Station.
Regulation: ASIC, FCA.
Rakuten.
Min. Deposit: 50 US$
Max. Leverage: 1:400.
Trading Platforms: MT4, Rakuten FX, ZuluTrade.
Regulation: ASIC, SFC.
Saxo Bank.
Min. Deposit: 2,000 US$
Max. Leverage: 1:30 | 1:100.
Trading Platforms: SaxoTraderGo, SaxoTraderPRO.
Regulation: Danish FSA, ASIC, JFSA, MAS, FCA, FSC.
ThinkMarkets.
Min. Deposit: 250 US$
Max. Leverage: 1:400.
Trading Platforms: MT4, Trade Interceptor.
Regulation: ASIC, FCA.
Swissquote.
Min. Deposit: 1,000 US$
Max. Leverage: 1:100 | 1:30.
Trading Platforms: eTrader, Swiss DOTS.
Regulation: FINMA, FCA, MFSA, SFC, DFSA.
Dukascopy.
Min. Deposit: 1,000 US$
Max. Leverage: 1:30.
Trading Platforms: JForex, MT4.
Min. Deposit: 0 US$
Max. Leverage: 1:30.
Trading Platforms: LCG Trader, MT4.
Regulation: FCA, CySEC.
Interactive Brokers.
Min. Deposit: 2000 US$
Max. Leverage: 1:40.
Trading Platforms: TWS, IB WebTrader.
Regulation: US SEC & CFTC, ASIC, FCA.
One Financial Markets.
Min. Deposit: 250 US$
Max. Leverage: 1:30.
Trading Platforms: ONE MT4.
Regulation: FCA, DIFC, FSCA.
SVK Markets.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: AT Pro, Advantage Web, MetaTrader 4.
Ikon Finance.
Min. Deposit: 200 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, Ikon Prodigy.
Min. Deposit: 500 US$
Max. Leverage: 1:30.
Trading Platforms: Currenex, FastMatch, Integral, FXall, digitalvega, hotspotFX, solidFX, FXCMPRO, FXONE.
Abshire Smith.
Min. Deposit: 250 US$
Max. Leverage: 1:30.
Trading Platforms: VertexFX10, MT4, Straticator.
FIXI Markets.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5, Currenex.
GMG Markets.
Min. Deposit: 200 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, GMG+
VARIANSE.
Min. Deposit: 500 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, Flextrade.
Temple FX.
Min. Deposit: 50 US$
Max. Leverage: 1:500.
Trading Platforms: MT4.
Land FX.
Min. Deposit: 300 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5, Land FX MultiTerminal, ZuluTrade.
Regulation: FCA, FSA.
Financial Spreads.
Min. Deposit: 250 US$
Max. Leverage: 1:30.
Trading Platforms: Proprietary WebTrader, Mobile App.
Destek Markets.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
Blackwell Global.
Min. Deposit: 500 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
Regulation: FCA, FSP.
easyMarkets.
Min. Deposit: 100 EUR.
Max. Leverage: 1:30 | 1:200.
Trading Platforms: MT4, WebTrader, Mobile App.
Regulation: CySEC, ASIC.
ADS Securities.
Min. Deposit: 100 US$
Max. Leverage: 1:400.
Trading Platforms: OREX, MT4.
Regulation: UAE Central Bank, FCA, SFC.
Advanced Markets.
Min. Deposit: 2,500 US$
Max. Leverage: 1:100.
Trading Platforms: MT4, DMAhub, Fortex 5 & 6.
CMTrading.
Min. Deposit: 250 US$
Max. Leverage: 1:200.
Trading Platforms: MT4, Sirix.
SquaredDirect.
Min. Deposit: 200 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
Min. Deposit: 100 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5, FXDD WebTrader.
Regulation: MFSA, FSC.
Formax Prime.
Min. Deposit: 1,000 US$
Max. Leverage: 1:30.
Trading Platforms: MT4.
EverFX.
Min. Deposit: 250 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, Status.
Key to Markets.
Min. Deposit: 100 US$
Max. Leverage: 1:30 | 1:500.
Trading Platforms: MT4.
Regulation: FSCL, FCA, DMCC.
IFC Markets.
Min. Deposit: 1 US$
Max. Leverage: 1:30.
Trading Platforms: NetTradeX, MT4, MT5.
Regulation: CySEC, BVI FSC.
AAATrade.
Min. Deposit: 500 US$
Max. Leverage: 1:30.
Trading Platforms: MT4, MT5, WebTrader.
Here is a summary of our findings overall.
IG – Best Overall IG is a broker which is regulated and trusted globally and offers traders a wide-ranging list of tradeable products , outstanding trading and research tools , excellent education, and competitive rates.
Saxo Bank – Best VIP client experience For traders who can afford a minimum deposit of USD 10,000 minimum (GBP 500 – UK), Saxo Bank offers competitive pricing, great trading platforms, excellent research, trustworthy customer service, and over 40,000 instruments to trade .
Dukascopy – Well-rounded offering Dukascopy offers forex traders excellent trading tools and market research, including a great mobile app.
City Index – Excellent all around offering Apart from an extensive range of products, City Index offers competitive spreads, great platform options, premium research tools, and reliable customer service.
com – Great platforms and pricing FOREX.com is a great choice for forex and CFD traders globally with competitive pricing , full-feature trading platforms , comprehensive market research, and a robust mobile app.
XTB – Best customer service, great platform XTB is trusted multi-asset broker which is regulated in several major financial centres and provides traders’ a well-rounded, competitive offering. XTB highlights include excellent customer service and the xStation 5 trading platform.
FXCM – Well-rounded offering FXCM caters to multiple trader types including high-volume traders, algorithmic traders, and offers quality market research.
Which are the Best Forex Brokers for Low Costs?
Breaking down Forex trading costs are not easy and trading costs can be impacted by various reasons. Variable spreads may also widen or narrow at different rates across brokers.
Execution policies will vary across brokers in terms of how orders are processed even when all else is equal. Brokers may be acting as market makers or dealers to execute a trader’s trades or act as agents for execution. Forex spreads may include a round-turn commission. Not all brokers will publish their average spread data, and not all brokers record their average spread over the same time-frames, making it a difficult task to make an accurate comparison.
When assessing brokers, we have taken into consideration how much beginners, average traders, and seasoned traders would pay by looking at average spreads for standard forex contracts (100,000 units) as well as mini accounts (10,000 units) and micro accounts (1,000 units). We have calculated the all-in cost by including any round-turn commission that is added to prevailing spreads.
Saxo Bank.
Saxo Bank offers competitive all-round pricing and is our top choice as the best broker in the Commissions and Fees category. Saxo Bank offers traders the most competitive all-in cost to trade, with no added commissions or fees. For example, Saxo Bank’s average spread was just 0.6 pips on the EUR/USD pair over a 30-day period. Saxo Bank also offers traders a commissions-based pricing model which includes discounts for high-volume traders, and pricing can vary by region.
While the all-in cost to trade can be very important to many traders , it is vital to look at the whole picture in terms of how a broker’s overall offering could best suit a traders’ specific needs. Traders should ask themselves – “What are the average spreads for the account types offered?” and “How will differences in margin requirements or execution type available affect my forex trading volumes and related trading costs?” – which will help them compare key differences between offerings.
Best Forex Trading Platforms.
Forex trading platforms are the gateway to investing in international currency markets and regardless of a traders trading style or preferred multi-asset instrument , the platform technology used will affect nearly every aspect of the trading experience. If its accessing research or analysing news events, using a proper forex trading platform makes a considerable difference.
The technology associated with Forex trading platforms has continued to steadily evolve, shifting from desktop to web, and mobile. From the 100 Best Forex Brokers we have tested it is clear that the best forex provides traders with a robust, feature-filled, all-in-one experience across all devices.
Choosing the best forex platform will depend on a multitude of factors. Does a trader prefer a web-based environment or desktop download and how important tools such as charting or automated trading are? Order types, unique tools and advanced features should also be considered. Trying each platform out through a demo account is advised.
IG.
IG is at the top of our list for traders who desire an excellent platform experience which includes technical analysis on charts to integrated trading signals, streaming news, and premium research. Paired with a light-mode and dark-mode option, traders can create multiple workspaces, and content is categorized across asset classes and market sectors.
Saxo Bank.
Saxo Bank takes second place due to the highly refined SaxoTraderGO platform which is available for desktop , web , and mobile . Saxo Bank is easy to use and has a nearly perfected the user-interface design. Other highlights include outstanding charting, which syncs across devices and includes integrated pattern-recognition with trading signals.
Who is the Best International Broker?
Foreign exchange markets are open 24 hours a day, five days a week. Having the ability to react quickly to geopolitical and economic news events through one universal platform, in real-time, is vital. Why? Financial markets, including forex and more recently even cryptocurrencies, are highly interconnected.
In the early 2000s, brokers used to concentrate on offering just one asset class, for example, forex, to their customers. Today, trading platforms are no longer just for trading forex or CFDs; instead, multi-asset offerings are now industry standards among all the most significant online brokers. That said, the range of products and markets you can trade still varies considerably across firms.
IG.
When it comes to the best international offering IG offers traders over 17,000 tradable instruments , including 93 forex pairs . IG carries multiple global regulatory licenses, which includes licenses from top-tier jurisdictions such as the US, UK, and Switzerland and in addition to forex and CFDs , IG provides traders access to global stock exchanges through its share dealing account offering.
Interactive Brokers takes second place and boasts a wide range of top-tier regulatory licenses. Interactive Brokers is best suited to professional traders and provides traders with access to 7,400 CFDs , 105 forex pairs , a list global exchange-traded products , US-traded bitcoin futures, and much more.
Which broker offers the Best Forex Research?
In order for a trader to trade profitably traders should research content and tools to find and analyse investment opportunities. Leading forex brokers will combine third-party content with in-house research and in the trading platform, research tools are directly integrated. Research tools will include daily or weekly market recaps and analysis, live trading rooms, integrated pattern-recognition tools for news events and charts, screeners, heat maps, and sentiment indicators. When choosing a forex broker for FX research, traders must remember that quality is as important as quantity.
Our top Choices for this category are:
IG Saxo Bank.
Best Forex Trading Apps.
Dukascopy.
Dukascopy Bank holds the first-place position as the JForex Trader app enables traders to run algorithms straight from their smartphones. The JForex Trader app comes with research and pattern recognition features and also includes an impressive selection of charting capabilities, complex order types, and other advanced offerings.
Saxo Bank Saxo Bank is our second choice with its SaxoTrader GO mobile app which is highly responsive and provides traders a unified experience with its web-based platform, syncing trend lines, indicators, and watch lists. The broker’s native integration of trading signals and pattern recognition, powered by Auto Chartist , is automatically synced with its web platform.
How to choose a forex broker?
Here are the three most important factors to keep in mind when it comes to choosing an online broker for forex trading . Firstly, a broker must be regulated as the safety of a traders’ deposit is always the top priority. The second step is to compare the trading platforms, tools, and investment research provided by each broker. And finally, read the forex broker reviews to compare pricing and product offerings.
How to know if a forex broker is indeed regulated?
It is very important to use a well-known, regulated broker in order to avoid forex scams. To check if a forex broker is regulated , identify the register number from at the bottom of the broker’s homepage and look up the firm on the regulator’s website to validate the register number.
What’s the difference between a dealing-desk and an agency broker?
If a forex broker is operating as a dealer, or dealing-desk, they will be on the other side of their client’s trades. If not, they will be acting as an agent or agency broker by routing the trade on to another dealer. Hybrid-desks are also available, which may operate as a dealing-desk and agency . Matched-principals on the other hand are dealers who immediately hedge their trades to remove any potential conflict of interest.
How does a trader calculate forex trading costs?
For forex and CFDs trading , the all-in cost to complete, open or close each trade consists of the spread, plus any round-turn commissions. Overnight financing charges may apply which is known as carrying costs, which can be either a net debit or a net credit. To keep trading costs low, traders should focus on trading the major forex pairs such as the EUR/USD, which offers the most liquidity, and tightest spreads.
Is research and education Important?
Trading forex is risky business and not easy to boot. Even the most seasoned of forex traders make time to learn new lessons and concepts.
In Conclusion.
Picking the right broker is definitely not an easy task and it is very that traders’ get it right. While this article aims to point traders in the correct general direction, only a trader will know their own personal needs. Take them into account, together with the recommendations made.

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