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.
IC Markets
Founded: 2007
Review
Rating
1
Minimum Deposit
USD 200
Type of broker
ECN
Regulation
- SFSA (Seychelles)
- ASIC (Australia)
Trading 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
Pros
- Easy and fast account opening
- They are one of the most trusted names in retail
forex trading. - IC Markets offer a wide range of deposit methods
giving the client many options.
Cons
- IC Markets does not accept US clients.
- No negative balance protection.
Naga
Founded: 2013
Review
Rating
2
Minimum Deposit
50 EUR
Type of broker
STP
Regulation
- CySEC (Cyprus)
Trading 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
Pros
- Wide range of trading instruments.
- Large and active community.
- Unique Social Trading Service.
Cons
- NAGA Capital Ltd does not provide services to residents
of certain jurisdictions including the USA. - Many options and features can be a bit confusing.
- The web trading platform might be too simple.
Minimum Deposit
USD 10
Type of broker
ECN, MM, STP
Regulation
- IFSC (Belize)
- CySEC (Cyprus)
Trading 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
Pros
- Traders can start off with as little as
a $10 deposit. - RoboForex is available to traders 24 hours
a day, 5 days a week. - The company also offers Skype and Yahoo chats,
though these are not instant services.
Cons
- RoboForex does not accept account applications
from U.S. residents.
FP Markets
Founded: 2005
Review
Rating
4
Minimum Deposit
USD 100
Type of broker
DMA, STP, ECN
Regulation
- ASIC (Australia)
Trading 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
Pros
- Quick deposit and withdrawal.
- Low forex fees.
- Both Metatrader platforms and IRESS are available.
Cons
- FP Markets does not accept applications from US.
- FP Markets is only regulated by ASIC.
- Limited product portfolio.
Anzo Capital
Founded: 2015
Review
Rating
5
Minimum Deposit
USD 100
Type of broker
ECN,STP
Regulation
- ASIC (Australia)
- IFSC (Belize)
Trading 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
Pros
- User-friendly and fast account opening.
- Transparent fee structure.
- Great customer service.
Cons
- Payment methods are limited.
- They do not accept clients from the United States
TradeView
Founded: 2004
Review
Rating
6
Minimum Deposit
USD 100
Type of broker
ECN,STP
Regulation
- CIMA (Cayman Islands)
Trading 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
Pros
- Users can access real-time relevant news
about the stock markets as they come in. - Accepts Bitcoin payments if you subscribe
to an annual plan. - Amazing free plan
Cons
- Very limited broker support.
- It is not easy to tell if drawings you have
created on your charts have been saved or not.
Minimum Deposit
USD 5
Type of broker
ECN,STP
Regulation
- ASIC (Australia)
- IFSC (Belize)
- CySEC (Cyprus)
Trading instruments
- Crypto
- Currencies
- Softs
- Indices
- Energies
- Metals
- Stocks
Location
- Belize
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:880
- Min. Spread : 0.1 pips
- Currency Pairs : 57
Trading platforms
- MetaTrader5
- MetaTrader4
- Web
Pros & Cons
Pros
- Easy and fast account opening.
- XM is regulated across a number of regions.
- XM has low CFD and withdrawal fees.
Cons
- Average forex fees.
- XM has a limited product portfolio.
Minimum Deposit
USD 100
Type of broker
ECN, STP
Regulation
- JFSA (Japan)
- FINMA (Switzerland)
- FCMC (Latvia)
Trading 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
Pros
- Advanced charting
- Proprietary JForex platforms
- Dukascopy offers access to more 1500 different stocks
Cons
- Dukascopy’s weak spot is customer service
- Small product catalog
- No two-factor authentication
Minimum Deposit
USD 200
Type of broker
ECN,STP
Regulation
- ASIC (Australia)
- FCA (UK)
Trading instruments
- Crypto
- Currencies
- Softs
- Indices
- Energies
- Metals
Location
- Australia
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:500
- Min. Spread : 0.1 pips
- Currency Pairs : 62
Trading platforms
- MetaTrader5
- MetaTrader4
- WebTrader
Pros & Cons
Pros
- User-friendly and fast account opening.
- Transparent fee structure.
- Great customer service.
Cons
- Limited product portfolio.
- Withdrawal fee.
- No two-step (safer) login.
Circle Markets
Founded: 2016
Review
Rating
10
Minimum Deposit
USD 50
Type of broker
ECN,STP
Regulation
- FSPR (New Zealand)
- VFSC (Vanuatu)
Trading 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
Pros
- Competitive spreads.
- Used by over 10,000 traders.
Cons
- Lighter regulation (NZ).
- Doesn’t allow scalping.
FortFS
Founded: 2010
Review
Rating
11
Minimum Deposit
USD 5
Type of broker
ECN,STP
Regulation
- IFSC (Belize)
Trading 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
Pros
- The bonus program works on a permanent basis and
is available to all FortFS clients. - The company also only works with trusted and globally
approved trading partners. - Low initial deposit.
Cons
- Loose Regulation.
MultiBank Group
Founded: 2005
Review
Rating
12
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)
Trading 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
Pros
- Fast and easy account opening.
- Very Wide Selection of Indices.
- Fast and relevant customer service.
Cons
- Limited product coverage.
- Little Educational Content.
- Not CySEC Regulated.
Minimum Deposit
USD 1
Type of broker
ECN,STP
Regulation
- ASIC (Australia)
- FCA (UK)
Trading 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
Pros
- Min. deposit from $1.
- A great variety of deposit and withdrawal methods.
- Real cryptocurrency trading.
Cons
- Not CySEC Regulated.
- Customer support is not 24/7.
- High fees.
Minimum Deposit
USD 10
Type of broker
ECN,STP
Regulation
- ASIC (Australia)
- FCA (UK)
- MAS (Singapore)
- Central Bank of UAE
Trading 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
Pros
- Large product catalog.
- Used by 140,000+ traders.
- Cryptocurrency coverage.
Cons
- Not CySEC Regulated.
- No volume discounts.
- No social trading data.
Minimum Deposit
USD 0
Type of broker
ECN,STP
Regulation
- CySEC (Cyprus)
- BVIFSC (British Virgin Islands)
Trading 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
Pros
- Well-regulated.
- Various auto trading options .
Cons
- No commodity & indices CFDs.
Minimum Deposit
USD 500
Type of broker
DMA, STP
Regulation
- ESMA
- FCA (UK)
Trading instruments
- Crypto
- Currencies
- Energies
- Indices
- Stocks
- Metals
Location
- UK
US
Deposit methods
Trading Conditions
- Max. Leverage : Up to 1:30
- Min. Spread : 0.1 pips
- Currency Pairs : 34
Trading platforms
- MetaTrader5
- MetaTrader4
- Social Platform
Pros & Cons
Pros
- Darwinex offer the popular MT4 forex trading platform
- You don’t have to worry about any calculations
as all fees are deducted automatically. - You are in control of your investment in PAMM
as you can exit the investment at any time.
Cons
- Minimum $500 deposit
- Withdrawing from the PAMM before the allowed period
may attract a fee. - Darwinex is not available in the following countries : US
Minimum Deposit
USD 200
Type of broker
Market Maker
Regulation
- ASIC (Australia)
- FCA (UK)
- CySEC (Cyprus)
Trading instruments
- Crypto
- Currencies
- Softs
- Indices
- ETFs
- Metals
Location
- Cyprus
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
Pros
- Expansive network of social trading features
- Used by 6,000,000+ traders.
- Wide range of CFD products.
Cons
- Only 47 cryptocurrency pairs available.
- Doesn’t allow scalping
Minimum Deposit
USD 5
Type of broker
ECN,STP
Regulation
- CySEC (Cyprus)
- FCA (UK)
- DFSA (United Arab Emirates)
- SFSA (Seychelles)
- FSCA (South Africa)
Trading 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
Pros
- The HotForex minimum deposit varies from $5
to $500 depending upon your account type choice. - The broker features a wide variety of account types.
Cons
- HF Markets (SV) Ltd does not provide services to residents
of the USA, Canada, Sudan, Syria, North Korea. - Offering Metatrader only, and no proprietary platform,
may not be to the satisfaction of all traders.
Minimum Deposit
USD 100
Type of broker
ECN,STP
Regulation
- CySEC (Cyprus)
- FCA (UK)
- SCB (Bahamas)
- DFSA (United Arab Emirates)
- FSB (South Africa)
Trading 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
Pros
- Segregates client funds.
- FXPro has strong regulators for the business from
around the world.
Cons
- Customer support staff cannot give tax advice.
- Traders can not use FXPro from Iran, United States,
Canada, Zimbabwe, Myanmar, New Zealand, Iraq.
Minimum Deposit
USD 1
Type of broker
ECN,STP, Binary
Regulation
- FSC (Mauritius)
Trading 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
Pros
- Segregates client funds.
- Used by over 10,000 traders.
- Alpari doesn’t charge inactivity fees.
Cons
- No major regulation.
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