Best Forex Brokers

Forex trading is arguably one of the easiest financial markets to begin trading in. To get started, you just need to open and fund an account with a regulated online broker. Choosing the best forex broker to trade forex does require some initial research to find the one most suitable for your trading needs and experience level.

Best Forex Brokers

  • FBS Inc

    Min. Deposit: 1 USD, 10 EUR – EU Clients
    Max. Leverage: 1:3000
    Trading Platforms: MT4, MT5, FBS trader
    Regulation: CySEC, IFSC

  • AmegaFX

    Min. Deposit: 20 US$
    Max. Leverage: 1:500
    Trading Platforms: MT4, MT5
    Regulation: SVG FSC, IFSC

  • Exness

    Min. Deposit: 1 US$
    Max. Leverage: 1:30 | 1:1000
    Trading Platforms: MT4, MT5
    Regulation: CySEC, FCA, SFSA

  • AvaTrade

    Min. Deposit: 100 US$
    Max. Leverage: 1:30 | 1:400
    Trading Platforms: MT4, AvatradeGo
    Regulation: Bank of Ireland, ASIC, JFSA, FSCA

  • XM

    Min. Deposit: US$5
    Max. Leverage: 1:30 to 1:888
    Trading Platforms: MT4, MT5, XM WebTrader
    Regulation: CySEC, ASIC, IFSC

  • Forex.com

    Min. Deposit: 50US$
    Max. Leverage: 1:40
    Trading Platforms: MT4, MT5
    Regulation: FCA, IIROC, ASIC, CFTC

  • OctaFx

    Min. Deposit: 100 EUR
    Max. Leverage: 1:30 | 1:500
    Trading Platforms: MT5, cTrader
    Regulation: CySEC

  • FXTM

    Min. Deposit: US$200
    Max. Leverage: 1:30 | 1:200
    Trading Platforms: MT4, MT5
    Regulation: CySEC,FCA, FSCA

  • GO Markets

    Min. Deposit: 200 US$
    Max. Leverage: 1:500
    Trading Platforms: MT4, MT5, WebTrader
    Regulation: ASIC, CySEC

  • FP Markets

    Min. Deposit: 100 US$
    Max. Leverage: 1:500
    Trading Platforms: IRESS, MT4, MT5
    Regulation: ASIC, CySEC

  • Pepperstone

    Min. Deposit: 200 US$
    Max. Leverage: 1:30 | 1:500
    Trading Platforms: MT4, MT5, cTrader
    Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN

  • BDSwiss

    Min. Deposit: 100 US$
    Max. Leverage: 1:500
    Trading Platforms: MT4, MT5, BDSwiss Webtrader
    Regulation: ESMA, CySEC, FSC, NFA, FSA

  • Orbex

    Min. Deposit: 200 US$
    Max. Leverage: 1:30 | 1:500
    Trading Platforms: MT4
    Regulation: CySEC, MFSC

  • HotForex

    Min. Deposit: 5 US$
    Max. Leverage: 1:30 | 1:1000
    Trading Platforms: MT4, MT5
    Regulation: CySEC, FCA, DFSA, FSCA

  • Axiory

    Min. Deposit: 50 US$
    Max. Leverage: 1:777
    Trading Platforms: MT4, cTrader
    Regulation: IFSC

  • BlackBull

    Min. Deposit: 200 US$
    Max. Leverage: 1:500
    Trading Platforms: MT4, MT5
    Regulation: FMA, FSA

  • EightCap

    Min. Deposit: 100 US$
    Max. Leverage: 1:500
    Trading Platforms: MT4, MT5
    Regulation: ASIC

  • LiteForex

    Min. Deposit: 50 $
    Max. Leverage: 1:30 | 1:500
    Trading Platforms: MT4, MT5
    Regulation: CySECCySEC, MIBS

  • FXCM

    Min. Deposit: 50 US$ | 300 GBP
    Max. Leverage: 1:200 | 1:30
    Trading Platforms: MT4, Trading Station, ZuluTrade, TradingView, Ninja Trader
    Regulation: ASIC, FCA, FSCA

  • IC Markets

    Min. Deposit: 200 US$
    Max. Leverage: 1:500
    Trading Platforms: cTrader, MT4, MT5
    Regulation: ASIC, CySEC

  • Skilling

    Min. Deposit: 100 US$
    Max. Leverage: 1:30
    Trading Platforms: MT4, cTrader, Skilling Trader
    Regulation: CySEC, FSA

  • City Index

    Min. Deposit: US$100
    Max. Leverage: 1:30
    Trading Platforms: Advantage Web, AT Pro, MT4
    Regulation: FCA

  • TradeATF

    Min. Deposit: US$100
    Max. Leverage: 1:30 | 1:500
    Trading Platforms: MT4
    Regulation: IFSC, CySEC

  • eToro

    Min. Deposit: US$100
    Max. Leverage: 1:30
    Trading Platforms: eToro Platform
    Regulation: FCA, CySEC, ASIC

  • ETFinance

    Min. Deposit: US$100
    Max. Leverage: 1:30
    Trading Platforms: WebTrader, MT4
    Regulation: CySEC

  • Lirunex

    Min. Deposit: US$500
    Max. Leverage: 1:30
    Trading Platforms: MT4
    Regulation: CySEC

  • Charter Prime

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

  • SynergyFX

    Min. Deposit: US$100
    Max. Leverage: 1:500
    Trading Platforms: MT4, MT5
    Regulation: ASIC

  • MultiBankFx

    Min. Deposit: US$50
    Max. Leverage: 1:30 | 1:500
    Trading Platforms: MT4, MT5, MultiBank Platfrom
    Regulation: ASIC, BaFin, RAK

  • Goldwell Capital

    Min. Deposit: US$100
    Max. Leverage: 1:200
    Trading Platforms: MT4
    Regulation: SECC

  • Just2Trade

    Min. Deposit: US$100
    Max. Leverage: 1:30
    Trading Platforms: MT4, MT5, CQG
    Regulation: CySEC

What Is a Forex Broker

A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies. A forex broker may also known be as a retail forex broker or a currency trading broker.

Best Forex Brokers

  • HotForex: Best Overall Forex Broker and Best for Range of Offerings.
  • Exness: Best Forex Broker for Beginners.
  • FBS Markets: Best Forex Broker for Advanced Traders.
  • XM: Best Forex Broker for Low Costs.
  • IG: Best Forex Broker for U.S. Traders.