Top 5 Forex brokers in the world (2024)

Top 5 Forex brokers in the world list is here, ForexSQ experts conducted list of top 5 Forex brokers in South Africa, UK, Australia, Europe, Asia, USA, India, Swiss and all around the globe for you to open real or demo currency trading account

Top 5 Forex Brokers In South Africa, UK, Europe, Asia, India

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Fxpro

Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering Forex trading along with CFD’s. The MT4, MetaTrader5 and cTrader online trading platforms are available.

IG Group

IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders.

While the majority of the IG Group’s activities are based in the UK, the company has expanded internationally. IG Markets is the oldest broker in the top 5 Forex trading brokers list.

Plus500

Plus500 was established in 2008 as an online international trading platform regulated by FCA in UK with many branches in the world.

CMC Markets

CMC Markets is licensed and regulated by the Financial Conduct Authority of the United Kingdom (FCA), one of the strictest regulatory agencies in the world.

eToro

eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom.

Top Forex Broker In Australia

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Pepperstone broker is founded in Australia, Melbourne and has offices in USA, Dallas and China, Shanghai. Pepperstone is one of top Australian online retail foreign exchange broker specializing in FX trading.

Top Forex Bank In Denmark

Saxo Bank is a Danish investment bank. It was founded as a brokerage firm in 1992. Saxo bank offers trading through its online platform SaxoTrader in Forex, stocks, CFDs, futures, funds, bonds and futures spreads. Private wealth management services are also offered.

Saxo bank is a top Forex broker and the only Danish Forex broker in the list of top 5 broker in the world and its the biggest top 5 Forex trading brokers in Denmark, that is why we list Saxobank in the top five Forex brokers in the world.

Now you know how to choose the top 5 Forex brokers in the world but continue reading to know about swiss brokers.

Top Forex Banks in Swiss

Dukascopy Bank

Dukascopy Bank SA is known for its transparency in its Swiss SWFX market place. In June 2011, the product is officially referenced on Dukascopy Bank‘s official web site.

Dukascopy Bank is not only one of the top 5 Forex broker in the world but is one of the top 5 broker Forex in Swiss for retail traders that is why ForexSQ team list Dukascopy bank in the list of top five Forex brokers in the world.

Swissquote Bank

Swissquote Group Holding SA is a Swiss banking group specializing in the provision of online financial and trading services.

Now you know how to choose the top 5 Forex brokers in the world and you can choose the top Forex brokers now from the top five Forex brokers list made by ForexSQ team.

Top 5 Forex Brokers In USA

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Forex.com

The Forex.com broker Owned by parent company GAIN Capital . Operating since 1999, FOREX.com was a first mover in bringing currency markets to the retail trader. The company provides market access and trade execution services in foreign exchange, contracts for differences and exchange-based products to retail investors.

Forex.com is a top Forex broker and has many branches in the world under Gain Capital company name, Forex.com is not only one of the top 5 Forex brokers in USA but is one of the biggest top 5 Forex trading brokers in the world.

FXCM

Forex Capital Markets, better known as FXCM, is an online Foreign exchange market broker based in the United States.

FXCM promotes a “no dealing desk” business model for its currency products, taking prices from a number of major banks and allowing clients to trade the best price at any given time. Fxcm is one of the top 5 forex broker in the world.

Oanda

Oanda broker is a Canadian-based Forex company providing currency conversion, online retail foreign exchange trading (fx), online foreign currency transfers, and Forex information.

Oanda is one of the top 5 broker Forex in U.S. even i can say its the in the list of top 5 Forex trading brokers in the world.

Fxstay

Fxstay Forex broker team provide professional Forex managed accounts service to their clients.

Fxstay team provide VIP managed Forex accounts use dedicate teams which include international traders to Managed investors account with low risk. Fxstay is one of the top 5 forex broker in the world specialized only in managed Forex accounts service.

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For more reviews visit TopForexBrokers.com to get all information about top 5 brokers in the globe. This list will update, write in the comments about your experience with the top five Forex brokers in the world.

Top 5 Forex brokers in the world (2024)

FAQs

Who is the No 1 forex trader? ›

George Soros is undoubtedly one of the most successful forex traders in the world. His bold and aggressive trading style has earned him a place in history, and his philanthropic efforts have made a positive impact on many lives. However, his controversial reputation may not sit well with some investors.

What is the best forex broker in us? ›

Intro and winners
  • Forex.com is the best forex broker in the United States in 2024 - Excellent selection of currency pairs. Competitive forex spreads. ...
  • Oanda - Great trading platforms. Outstanding research tools. ...
  • IG - First-class web trading platform. Superb educational tools. ...
  • Interactive Brokers - Extremely low fees.
5 days ago

Who has the largest forex trading account? ›

10 Biggest Forex Brokers in the World (2024*)
  • ☑️AvaTrade – Award-Winning ASIC Regulated Forex Broker.
  • ☑️HFM – Low forex fees and favorable non-trading fees.
  • ☑️IG – Best Mobile Trading Experience.
  • CMC Markets – Best MT4 Trading Tools.
  • Exness – Best ASIC-Regulated Forex Broker.
  • Saxo Bank – Best Broker for Beginners.
Mar 12, 2024

Which is the safest forex broker? ›

Best Forex Brokers
Best Overall, Best for Range of OfferingsCMC Markets
Best Forex Broker for Advanced TradersSaxo Capital Markets
Best Forex Broker for Low CostsXTB Online Trading
Best Forex Broker for U.S. TradersIG
Best Forex Broker for Trading ExperiencesPepperstone
1 more row

Did anyone get rich with forex? ›

One of the most famous examples of a forex trader who has gotten rich is George Soros. In 1992, he famously made a short position on the pound sterling, which earned him over $1 billion. Another example is Michael Marcus, also known as the Wizard of Odd.

Who gives best forex rates? ›

Here are some of the leading banks in India known for offering favorable forex rates:
  • State Bank of India (SBI) SBI, India's largest bank, provides forex services with competitive rates. ...
  • HDFC Bank. ...
  • ICICI Bank. ...
  • Axis Bank. ...
  • Standard Chartered Bank. ...
  • Kotak Mahindra Bank. ...
  • Exchange Rates. ...
  • Service Charges and Fees.
Oct 16, 2023

How much do forex traders make a month? ›

Forex Trader Salary
Annual SalaryMonthly Pay
Top Earners$192,500$16,041
75th Percentile$181,000$15,083
Average$101,533$8,461
25th Percentile$57,500$4,791

Which bank is best for forex trading? ›

Product categories
  • Best bank for FX: Citi.
  • Best bank for spot: UBS.
  • Best bank for forwards/swaps: BNP Paribas.
  • Best bank for options: Deutsche Bank.
  • Best bank for NDFs: Citi.
  • Best bank for FX algos: BNP Paribas.

Which broker do most traders use? ›

Interactive Brokers continues to be our top pick for advanced day traders, as well. Its speed and efficiency specific to order execution complements its low rates on margin trading and provides advanced traders with a strong option to execute their strategies.

Who is the top broker in USA? ›

5 Largest Brokerage Firms of 2024
Stock Brokerage FirmAssets under management*
Vanguard Group$8.6 trillion
Charles Schwab$8.5 trillion
Fidelity Investments$4.4 trillion
JPMorgan Chase & Co.$3.9 trillion
1 more row
Jan 25, 2024

Who is the greatest forex trader of all time? ›

1. George Soros. George Soros, often referred to as the «Man Who Broke the Bank of England», is an iconic figure in the world of forex trading. His net worth, estimated at around $8 billion, reflects not only his financial success but also his enduring influence on global markets.

Which country has the most successful forex traders? ›

Some of the popular Forex trading countries include the United States, the United Kingdom, Japan, Australia, and Switzerland. These countries have well-developed financial markets, stable regulatory environments, and sophisticated trading infrastructure, making them attractive to traders worldwide.

What is the oldest forex broker? ›

IG is a British-based forex broker that was founded in 1974, making it one of the oldest brokers in the world. With over 45 years of experience, IG has built a reputation for providing high-quality services to its clients.

Who is the top broker in the world? ›

5 Largest Brokerage Firms of 2024
Stock Brokerage FirmAssets under management*
Vanguard Group$8.6 trillion
Charles Schwab$8.5 trillion
Fidelity Investments$4.4 trillion
JPMorgan Chase & Co.$3.9 trillion
1 more row
Jan 25, 2024

Which country is best for forex? ›

Singapore

Singapore is often considered to be the best country for forex trading. It has a strong economy, a stable political environment, and a well-regulated forex market. The country also has a large pool of skilled traders and access to the latest trading technology.

Which forex market is the best? ›

EUR/USD This can be considered the most popular Forex pair. Additionally, it has the lowest spread among modern world Forex brokers. It is associated with basic technical analysis. The best thing about EUR/USD is that it is not too volatile.

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