Every year we conduct a review of the best brokerage companies based on our rating system, as well as, many articles and market researches of brokerage services. Forex (foreign exchange) market is the biggest market and the most liquid in the world that is interested in by many traders.
Minimum Deposit
USD 5000
Type of broker
Social Trading Platform
Regulation
- CFTC (USA)
- FCA (UK)
- ASIC (Australia)
- BaFin (Germany)
- IFSC (Belize)
- CySEC (Cyprus)
Financial Instruments
- Currencies
- Crypto
- Indices
- Energies
- Metals
- Stocks
Best for:
- Easy-to-use platform
- Automated trading
- Loss reimbursement policy
US
Deposit methods
Trading Conditions
- Max. Leverage: Conditional
- Min. Spread: 0 pips
- Currency Pairs: 115
Trading platforms
- MetaTrader 4
- MetaTrader 5
- TechBerry Platform
Pros & Cons
Minimum Deposit
USD 5
Type of broker
ECN, STP
Regulation
- FCA (UK)
- ASIC (Australia)
- IFSC (Belize)
- CySEC (Cyprus)
Financial Instruments
- Crypto
- Currencies
- Softs
- Indices
- Energies
- Metals
- Stocks
Best for:
- Excellent platform
- Low fees and commissions
- Bonus offers
US
Deposit methods
Trading Conditions
- Max. Leverage: Up to 1:888
- Min. Spread: 0.1 pips
- Currency Pairs: 57
Trading platforms
- MetaTrader 4
- MetaTrader 5
- Web
Pros & Cons
Minimum Deposit
USD 10
Type of broker
Market Maker
Regulation
- ASIC (Australia)
- FCA (UK)
- CySEC (Cyprus)
- FinCEN (USA)
Financial Instruments
- Crypto
- Currencies
- Softs
- Indices
- ETFs
- Metals
Best for:
- Beginners
- Copy trading
- Clients from USA
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:400
- Min. Spread : 0.7 pips
- Currency Pairs : 47
Trading platforms
- Social Platform
- Web
Pros & Cons
Minimum Deposit
USD 200
Type of broker
ECN / STP
Regulation
- ASIC (Australia)
- FCA (UK)
Financial Instruments
- Crypto
- Currencies
- Softs
- Indices
- Energies
- Metals
Best for:
- Beginner traders
US
Deposit methods
Trading Conditions
- Max. Leverage: Up to 1:500
- Min. Spread: 0.1 pips
- Currency Pairs: 62
Trading platforms
- MetaTrader4
- MetaTrader5
- cTrader
Pros & Cons
Minimum Deposit
USD 250
Type of broker
ECN / STP
Regulation
- CFTC (US)
- NFA (US)
- FCA (UK)
- ASIC (Australia)
- JFSA (Japan)
- FINMA (Switzerland)
Financial Instruments
- Currency Pairs
- Cryptocurrencies
- Indices
- Stocks
- Futures
- Bonds
- Options
- ETFs
Best for:
- Clients from USA
US
Deposit methods
Trading Conditions
- Max. Leverage: Up to 1:50
- Min. Spread: 0.8 pips
- Currency Pairs: 104
Trading platforms
- IG Web
- MetaTrader4
- ProRealTime
Pros & Cons
Minimum Deposit
USD 200
Type of broker
ECN / STP
Regulation
- Central Bank of Ireland
- ASIC (Australia)
- JFSA (Japan)
- IIROC (Canada)
Financial instruments
- Forex
- Cryptocurrencies
- Stocks
- Commodities
- Indices
- Options
- ETFs
- Bonds
Best for:
- Intermediate traders
US
Deposit methods
Trading Conditions
- Max. Leverage: Up to 1:400
- Min. Spread: 0.9 pips
- Currency Pairs: 55
Trading platforms
- MetaTrader4
- MetaTrader5
- WebTrader
- AvaTradeGo
- DupliTrade
Pros & Cons
Minimum Deposit
USD 100
Type of broker
ECN / STP
Regulation
- CFTC (USA)
- FCA (UK)
- JFSA (Japan)
- IIROC (Canada)
Financial Instruments
- Forex
- Gold & Silver
- Futures & Future Options
Best for:
- Traders on any level
US
Deposit methods
Trading Conditions
- Max. Leverage: Up to 1:100
- Min. Spread: 0.2 pips
- Currency Pairs: 80
Trading platforms
- MetaTrader4
- Web, mobile, desktop platform
Pros & Cons
Minimum Deposit
USD 500
Type of broker
DMA / STP
Regulation
- FCA (UK)
Financial Instruments
- Forex
- Cryptocurrencies
- Commodities
- Indices
- Stocks
Best for:
- Professional traders
US
Deposit methods
Trading Conditions
- Max. Leverage: Up to 1:30
- Min. Spread: 0.1 pips
- Currency Pairs: 34
Trading platforms
- MetaTrader4
- MetaTrader5
- Social Platform
Pros & Cons
IC Markets
Founded: 2007
Review
Rank
8
Minimum Deposit
USD 200
Type of broker
ECN
Regulation
- SFSA (Seychelles)
- ASIC (Australia)
Financial Instruments
- Crypto
- Currencies
- Stocks
- Bonds
- Metals
- Energies
- Indices
- Softs
Location
- Australia
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:500
- Min. Spread : 0.1 pips
- Currency Pairs : 60
Trading platforms
- MetaTrader5
- MetaTrader4
- WebTrader
- cTrader
Pros & Cons
Naga
Founded: 2013
Review
Rank
9
Minimum Deposit
50 EUR
Type of broker
STP
Regulation
- CySEC (Cyprus)
Finanacial Instruments
- Crypto
- Currencies
- Metals
- Stocks
- ETFs
- Indices
- Energies
- Softs
Location
- Cyprus
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:200
- Min. Spread : 1.5 pips
- Currency Pairs : 45
Trading platforms
- Social Platform
- Web
Pros & Cons
Minimum Deposit
USD 10
Type of broker
ECN, MM, STP
Regulation
- IFSC (Belize)
- CySEC (Cyprus)
Financial Instruments
- Crypto
- Currencies
- Stocks
- ETFs
- Energies
- Metals
- Indices
Location
- Belize
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:2000
- Min. Spread : 0.1 pips
- Currency Pairs : 36
Trading platforms
- MetaTrader5
- MetaTrader4
- cTrader
- WebTrader
- Social Platform
Pros & Cons
FP Markets
Founded: 2005
Review
Rank
11
Minimum Deposit
USD 100
Type of broker
DMA, STP, ECN
Regulation
- ASIC (Australia)
Financial Instruments
- Crypto
- Currencies
- Softs
- Indices
- Energies
- Metals
- ETFs
Location
- Australia
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:500
- Min. Spread : 0.1 pips
- Currency Pairs : 70
Trading platforms
- MetaTrader5
- MetaTrader4
- WebTrader
Pros & Cons
Anzo Capital
Founded: 2015
Review
Rank
12
Minimum Deposit
USD 100
Type of broker
ECN,STP
Regulation
- ASIC (Australia)
- IFSC (Belize)
Financial Instruments
- Crypto
- Currencies
- Energies
- Indices
- Metals
Location
- Belize
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:500
- Min. Spread : 0.1 pips
- Currency Pairs : 45
Trading platforms
- MetaTrader4
- Web
Pros & Cons
TradeView
Founded: 2004
Review
Rank
13
Minimum Deposit
USD 100
Type of broker
ECN,STP
Regulation
- CIMA (Cayman Islands)
Financial Instruments
- Crypto
- Currencies
- Stocks
- Indices
- Energies
- Metals
- ETFs
Location
- Cayman Islands
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:400
- Min. Spread : 0.1 pips
- Currency Pairs : 60
Trading platforms
- MetaTrader5
- MetaTrader4
- Currenex
- cTrader
Pros & Cons
Minimum Deposit
USD 100
Type of broker
ECN, STP
Regulation
- JFSA (Japan)
- FINMA (Switzerland)
- FCMC (Latvia)
Financial Instruments
- Crypto
- Indices
- Softs
- Metals
- Currencies
- ETFs
- Energies
- Stocks
- Bonds
Location
- Switzerland
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:200
- Min. Spread : 0.1 pips
- Currency Pairs : 50
Trading platforms
- JForex
- MetaTrader 4
- WebTrader
Pros & Cons
Circle Markets
Founded: 2016
Review
Rank
15
Minimum Deposit
USD 50
Type of broker
ECN,STP
Regulation
- FSPR (New Zealand)
- VFSC (Vanuatu)
Financial Instruments
- Crypto
- Currencies
- Energies
- Indices
- Metals
Location
- Zealand
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:500
- Min. Spread : 0.2 pips
- Currency Pairs :144
Trading platforms
- MetaTrader5
- cTrader
- Fix API Trader
Pros & Cons
FortFS
Founded: 2010
Review
Rank
16
Minimum Deposit
USD 5
Type of broker
ECN,STP
Regulation
- IFSC (Belize)
Financial Instruments
- Crypto
- Currencies
- Softs
- Stocks
- ETFs
- Indices
- Energies
- Metals
- Bonds
Location
- Belize
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:1000
- Min. Spread : 0.3 pips
- Currency Pairs : 140
Trading platforms
- MetaTrader5
- MetaTrader4
- CQG
- WebTrader
- Ninja Trader
Pros & Cons
MultiBank Group
Founded: 2005
Review
Rank
17
Minimum Deposit
USD 50
Type of broker
ECN,STP
Regulation
- ASIC (Australia)
- FMA (Austria)
- BaFin (Germany)
- CNMV (Spain)
- BVIFSC (British Virgin Islands)
- CIMA (Cayman Islands)
Financial Instruments
- Crypto
- Currencies
- Metals
- Indices
- Stocks
- Energies
Location
- Australia
- Austria
- British Virgin Islands
- Cayman Islands
- Germany
- Spain
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:500
- Min. Spread : 0.8 pips
- Currency Pairs : 45
Trading platforms
- MetaTrader4
- MEX Mobile Trader
- WebTrader
Pros & Cons
Minimum Deposit
USD 1
Type of broker
ECN,STP
Regulation
- ASIC (Australia)
- FCA (UK)
Financial Instruments
- Crypto
- Currencies
- Metals
- Indices
- Energies
Location
- New Zealand
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:500
- Min. Spread : 0 pips
- Currency Pairs : 52
Trading platforms
- MetaTrader4
- Web
Pros & Cons
Minimum Deposit
USD 10
Type of broker
ECN,STP
Regulation
- ASIC (Australia)
- FCA (UK)
- MAS (Singapore)
- Central Bank of UAE
Financial Instruments
- Crypto
- Currencies
- Softs
- Stocks
- Indices
- Energies
- Metals
- Bonds
Location
- UK
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:500
- Min. Spread : 0.7 pips
- Currency Pairs : 84
Trading platforms
- MetaTrader4
- Web
Pros & Cons
Minimum Deposit
USD 0
Type of broker
ECN,STP
Regulation
- CySEC (Cyprus)
- BVIFSC (British Virgin Islands)
Financial Instruments
- Crypto
- Currencies
- Softs
- Stocks
- Indices
- Energies
- Metals
Location
- Austria
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:1000
- Min. Spread : 0.6 pips
- Currency Pairs : 60
Trading platforms
- MetaTrader5
- MetaTrader4
- cTrader
- Web
Pros & Cons
Minimum Deposit
USD 5
Type of broker
ECN,STP
Regulation
- CySEC (Cyprus)
- FCA (UK)
- DFSA (United Arab Emirates)
- SFSA (Seychelles)
- FSCA (South Africa)
Financial Instruments
- Crypto
- Currencies
- Softs
- Indices
- Energies
- Metals
- Bonds
Location
- Saint Vincent and the Grenadines
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:1000
- Min. Spread : 0.1 pips
- Currency Pairs : 49
Trading platforms
- MetaTrader5
- MetaTrader4
- Web
Pros & Cons
Minimum Deposit
USD 100
Type of broker
ECN,STP
Regulation
- CySEC (Cyprus)
- FCA (UK)
- SCB (Bahamas)
- DFSA (United Arab Emirates)
- FSB (South Africa)
Financial Instruments
- Crypto
- Currencies
- Softs
- Stocks
- Indices
- Energies
- Metals
Location
- UK
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:500
- Min. Spread : 0.6 pips
- Currency Pairs : 69
Trading platforms
- MetaTrader5
- MetaTrader4
- cTrader
- Web
Pros & Cons
Minimum Deposit
USD 1
Type of broker
ECN,STP, Binary
Regulation
- FSC (Mauritius)
Financial Instruments
- Crypto
- Currencies
- Metals
- Indices
- Energies
Location
- Mauritius
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:1000
- Min. Spread : 0.1 pips
- Currency Pairs : 33
Trading platforms
- MetaTrader5
- MetaTrader4
- Binary Platform
- Web
Pros & Cons
Things You Should Know Before Choosing a Forex Broker
How to Check the Reliability of a Broker: Regulations and Licenses
One would always like to hand over his hard-earned money to someone reliable and trustworthy. Your funds must be kept safe when investing with a broker, as there is still a possibility that these companies can go bankrupt. Therefore check out the legal regulation of a brokerage by a noted regulator who has a keen eye on every aspect of their services; if authorities fear that an exchange is double-crossing, hefty fines are imposed with the possibility of a permanent ban.
Clients can also complain directly to these authorities if they feel a genuine issue is unresolved by the broker. Following regulatory firms are the best ones to keep in mind:
- United States: National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC)
- United Kingdom: Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA)
- Australia: Australian Securities and Investment Commission (ASIC)
- Cyprus: Cyprus Securities and Exchange Commission (CySEC),
- Switzerland: Swiss Federal Banking Commission (SFBC)
- Germany: Bundesanstalt für Finanzdienstleistungsaufsicht (BaFIN)
- France: Autorité des Marchés Financiers (AMF)
- Canada: Investment Information Regulatory Organization of Canada (IIROC)
