Top Forex brokers: ranking and honest reviews from expert traders (2024)

We are a team of experts with decades of trading experience and we share our experience with beginners and mature traders by picking up the best Forex and CFD brokers and making our very own informative and independent reviews you can trust to.

Check out our ranking of the world’s best Forex and CFD brokers.

With the help of our filter, both experienced traders and complete beginners can find the most suitable broker to satisfy their trading needs.

Country

Any

Min. deposit

Any

Demo account

iOS

Android

Own Platform

Web Platform

ZuluTrade

DupliTrade

cTrader

eSignal

NinjaTrader

MetaTrader 5

MetaTrader 4

Energies

ETF

Metals

Bonds

FX Options

Indices

Commodities

Stocks

Forex

CFD

Crypto

CopyTrading

MAM

PAMM

Bank Transfer

Maestro

GiroPay

ZCash

TC Pay

ThunderXPay

SticPay

PayU

Nganluong

GlobePay

Bitcoin

Sofort

BitPay

VLoad

OrangePay

FasaPay

JCB

M-Pesa

Trustly

iDEAL

UnionPay

Boleto

WeChat Pay

Jeton

AstroPay

Yandex Money

QIWI

Perfect Money

AdvCash

ClickPay

WebMoney

Rapid

PayPal

Klarna

Credit/Debit Cards

Neteller

Wire

Skrill

FMA

FSC

CNMV

KNF

IIROC

MAS

VFSC

AFSL

MiFID

FCA

DFSA

ISA

ADGM

FFA of Japan

FSA of Japan

FSCA of South Africa

Central Bank of Ireland

CFTC

FSA UK

SVGFSA

FSA Seychelles

FSC Mauritius

CoFTRA

CySEC

CIMA

FSC of BVI

IFSC

ASIC

AFSC

Min. deposit

Min. Spread

0.0

Bonus

Open accountReview

Max. leverage

1:500

Used by

Trading platforms

Own Platform

Web Platform

MetaTrader 5

MetaTrader 4

Deposit methods

Bank Transfer, FasaPay, Credit/Debit Cards, Neteller, Skrill

Regulated by

FMA

FSA Seychelles

Min. deposit

Max. leverage

1:500

Bonus

Used by

Min. Spread

0.0

Trading platforms

Own Platform

Web Platform

MetaTrader 5

MetaTrader 4

Deposit methods

Bank Transfer, FasaPay, Credit/Debit Cards, Neteller, Skrill

Regulated by

FMA

FSA Seychelles

Broker type

Forex

Open account

Read full review

Min. deposit

Min. Spread

0.5

Bonus

Open accountReview

Max. leverage

1:500

Used by

656997+

Trading platforms

Own Platform

MetaTrader 4

MetaTrader 5

Web trader

Deposit methods

Bank Transfer, PayPal, Credit/Debit Cards, Neteller, Skrill

Regulated by

FSC

CNMV

KNF

FCA

CySEC

Min. deposit

Max. leverage

1:500

Bonus

Used by

656997+

Min. Spread

0.5

Trading platforms

Own Platform

MetaTrader 4

MetaTrader 5

Web trader

Deposit methods

Bank Transfer, PayPal, Credit/Debit Cards, Neteller, Skrill

Regulated by

FSC

CNMV

KNF

FCA

CySEC

Broker type

Forex & CFDs

Open account

Read full review

Min. deposit

Min. Spread

0.5

Bonus

Open accountReview

Max. leverage

1:30

Used by

30000000+

Trading platforms

Own Platform

MetaTrader 4

MetaTrader 5

Web trader

Deposit methods

Trustly, iDEAL, Rapid, PayPal, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

FCA

CySEC

ASIC

Min. deposit

Max. leverage

1:30

Bonus

Used by

30000000+

Min. Spread

0.5

Trading platforms

Own Platform

MetaTrader 4

MetaTrader 5

Web trader

Deposit methods

Trustly, iDEAL, Rapid, PayPal, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

FCA

CySEC

ASIC

Open account

Read full review

Min. deposit

250$

Min. Spread

0.7

Bonus

Open accountReview

Max. leverage

1:1000

Used by

1000000+

Trading platforms

Web Platform

MetaTrader 5

MetaTrader 4

Deposit methods

Maestro, GiroPay, iDEAL, PayPal, Credit/Debit Cards, Skrill

Regulated by

FCA

CySEC

Min. deposit

250$

Max. leverage

1:1000

Bonus

Used by

1000000+

Min. Spread

0.7

Trading platforms

Web Platform

MetaTrader 5

MetaTrader 4

Deposit methods

Maestro, GiroPay, iDEAL, PayPal, Credit/Debit Cards, Skrill

Regulated by

FCA

CySEC

Open account

Read full review

Min. deposit

Min. Spread

0.5

Bonus

Open accountReview

Max. leverage

1:1000

Used by

2500000+

Trading platforms

MetaTrader 5

MetaTrader 4

Web trader

Deposit methods

BitPay, VLoad, FasaPay, UnionPay, Perfect Money, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

FCA

DFSA

FSCA of South Africa

SVGFSA

FSA Seychelles

Min. deposit

Max. leverage

1:1000

Bonus

Used by

2500000+

Min. Spread

0.5

Trading platforms

MetaTrader 5

MetaTrader 4

Web trader

Deposit methods

BitPay, VLoad, FasaPay, UnionPay, Perfect Money, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

FCA

DFSA

FSCA of South Africa

SVGFSA

FSA Seychelles

Open account

Read full review

Min. deposit

Min. Spread

0.1

Bonus

Open accountReview

Max. leverage

1:1000

Used by

3500000+

Trading platforms

Own Platform

MetaTrader 5

MetaTrader 4

Web trader

Deposit methods

Regulated by

FCA

DFSA

FSCA of South Africa

FSA UK

SVGFSA

Min. deposit

Max. leverage

1:1000

Bonus

Used by

3500000+

Min. Spread

0.1

Trading platforms

Own Platform

MetaTrader 5

MetaTrader 4

Web trader

Deposit methods

Regulated by

FCA

DFSA

FSCA of South Africa

FSA UK

SVGFSA

Open account

Read full review

Min. deposit

10$

Min. Spread

0.5

Bonus

Open accountReview

Max. leverage

1:1000

Used by

48000000+

Trading platforms

Own Platform

MetaTrader 4

MetaTrader 5

Web trader

Deposit methods

UnionPay, Boleto, WeChat Pay, Jeton, AstroPay, Yandex Money, QIWI, Perfect Money, AdvCash, ClickPay, WebMoney, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

CySEC

Min. deposit

10$

Max. leverage

1:1000

Bonus

Used by

48000000+

Min. Spread

0.5

Trading platforms

Own Platform

MetaTrader 4

MetaTrader 5

Web trader

Deposit methods

UnionPay, Boleto, WeChat Pay, Jeton, AstroPay, Yandex Money, QIWI, Perfect Money, AdvCash, ClickPay, WebMoney, Klarna, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

CySEC

Open account

Read full review

Min. deposit

100$

Min. Spread

Variable

Bonus

Open accountReview

Max. leverage

1:30

Used by

430000+

Trading platforms

Own Platform

Web Platform

MetaTrader 4

MetaTrader 5

Deposit methods

Trustly, iDEAL, PayPal, Klarna, Credit/Debit Cards, Skrill

Regulated by

MAS

FCA

FSA Seychelles

CySEC

ASIC

Min. deposit

100$

Max. leverage

1:30

Bonus

Used by

430000+

Min. Spread

Variable

Trading platforms

Own Platform

Web Platform

MetaTrader 4

MetaTrader 5

Deposit methods

Trustly, iDEAL, PayPal, Klarna, Credit/Debit Cards, Skrill

Regulated by

MAS

FCA

FSA Seychelles

CySEC

ASIC

Open account

Read full review

Min. deposit

10$

Min. Spread

0.2

Bonus

Open accountReview

Max. leverage

1:777

Used by

6500000+

Trading platforms

MetaTrader 5

MetaTrader 4

Web trader

Deposit methods

ThunderXPay, SticPay, VLoad, JCB, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

IFSC

Min. deposit

10$

Max. leverage

1:777

Bonus

Used by

6500000+

Min. Spread

0.2

Trading platforms

MetaTrader 5

MetaTrader 4

Web trader

Deposit methods

ThunderXPay, SticPay, VLoad, JCB, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

IFSC

Open account

Read full review

Min. deposit

Min. Spread

0.4

Bonus

Open accountReview

Max. leverage

1:1000

Used by

2000000+

Trading platforms

MetaTrader 5

MetaTrader 4

Web trader

Deposit methods

ZCash, TC Pay, Nganluong, GlobePay, Bitcoin, VLoad, FasaPay, UnionPay, Perfect Money, AdvCash, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

FCA

FSC Mauritius

Min. deposit

Max. leverage

1:1000

Bonus

Used by

2000000+

Min. Spread

0.4

Trading platforms

MetaTrader 5

MetaTrader 4

Web trader

Deposit methods

ZCash, TC Pay, Nganluong, GlobePay, Bitcoin, VLoad, FasaPay, UnionPay, Perfect Money, AdvCash, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

FCA

FSC Mauritius

Open account

Read full review

Min. deposit

10$

Min. Spread

0.01

Bonus

Open accountReview

Max. leverage

1:100

Used by

70000000+

Trading platforms

Own Platform

MetaTrader 4

MetaTrader 5

Web trader

Deposit methods

OrangePay, FasaPay, JCB, M-Pesa, UnionPay, Yandex Money, QIWI, Perfect Money, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

VFSC

SVGFSA

Min. deposit

10$

Max. leverage

1:100

Bonus

Used by

70000000+

Min. Spread

0.01

Trading platforms

Own Platform

MetaTrader 4

MetaTrader 5

Web trader

Deposit methods

OrangePay, FasaPay, JCB, M-Pesa, UnionPay, Yandex Money, QIWI, Perfect Money, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill

Regulated by

VFSC

SVGFSA

Open account

Read full review

Min. deposit

50$

Min. Spread

0.1

Bonus

Open accountReview

Max. leverage

1:2000

Used by

2000000+

Trading platforms

MetaTrader 5

MetaTrader 4

Web trader

Deposit methods

PayU, Nganluong, GlobePay, VLoad, FasaPay, QIWI, Perfect Money, Wire, Skrill

Regulated by

FSC Mauritius

Min. deposit

50$

Max. leverage

1:2000

Bonus

Used by

2000000+

Min. Spread

0.1

Trading platforms

MetaTrader 5

MetaTrader 4

Web trader

Deposit methods

PayU, Nganluong, GlobePay, VLoad, FasaPay, QIWI, Perfect Money, Wire, Skrill

Regulated by

FSC Mauritius

Open account

Read full review

FAQs

Top Forex brokers: ranking and honest reviews from expert traders? ›

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.

Read On ›

What is the most trusted forex broker? ›

Best Forex Brokers for 2024

IG - Best overall broker, most trusted.
Interactive Brokers - Great overall, best for professionals.
Saxo - Best web-based trading platform.
CMC Markets - Excellent overall, best platform technology.
FOREX.com - Excellent all-round offering.
TD Ameritrade - Best desktop platform, U.S. only.

More items...

Mar 30, 2024

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Who is the No 1 forex trader? ›

What broker do professional forex traders use? ›

Best Forex Brokers

Best Overall, Best for Range of Offerings	CMC Markets
Best Forex Broker for Advanced Traders	Saxo Capital Markets
Best Forex Broker for Low Costs	XTB Online Trading
Best Forex Broker for U.S. Traders	IG
Best Forex Broker for Trading Experiences	Pepperstone

1 more row

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Which is the most trusted brokerage in the world? ›

Best Online Brokerage Accounts and Trading Platforms of 2024

Best Overall: Fidelity.
Best for Low Costs: Fidelity.
Best for Beginners: Charles Schwab.
Best for Advanced Traders: Interactive Brokers.
Best for ETFs: Fidelity.
Best for Options Trading: tastytrade.
Best for International Trading: Interactive Brokers.

More items...

Find Out More ›

Which broker do most traders use? ›

Best brokers for day trading

Interactive Brokers.
E*TRADE.
Fidelity.
Webull.
Robinhood.
TradeStation.

Tell Me More ›

Which forex broker is best for beginners? ›

Which are the top forex brokers for beginners in the world?

Forex.com - Low forex fees. Great variety of currency pairs. ...
eToro - Free stock and ETF trading. ...
Interactive Brokers - Low trading fees and high interest on cash balances. ...
IG - First-class web trading platform. ...
Oanda - Great trading platforms.

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Are there any millionaire forex traders? ›

Forex trading has indeed made millionaires out of some individuals. Success stories abound, showcasing the immense potential for wealth creation within this market. However, it's important to approach forex trading with realistic expectations and understand the factors that contribute to such success.

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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.

What broker does George Soros use? ›

George Soros was his own broker. In Soros's first memo called the “Agenda,” he outlines the best trading methods and concepts. The document is so detailed, it contained instructions to his secretary to schedule the trades.

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Which forex broker is best in the USA? ›

What is the best forex broker in the U.S.? IG is the best forex broker in the U.S. in 2024. In addition to being regulated by the CFTC and a member of the NFA, IG is publicly traded, well-capitalized, and holds more regulatory licenses around the world than any of the 60+ forex brokers we review on ForexBrokers.com.

Read The Full Story ›

How to find a good forex broker? ›

Here are nine factors to consider when choosing a foreign exchange broker:

Regulatory compliance.
Leverage and margin amounts.
Spread and commission rate.
Deposits and withdrawals.
Trading platforms.
Trading hours.
Amount of forex markets available.
Educational tools available.

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Which forex broker works in the US? ›

Overview of the best forex brokers in the USA

Broker	FX commission per lot	Minimum deposit
Forex.com	No commission is charged	$100
Oanda	No commission is charged	$0
IG	No commission is charged	$0
Interactive Brokers	Trade value less than $1 billion: 0.2 bps * trade value; min. $2	$0

Mar 28, 2024

Get More Info Here ›

Who is the top broker in USA? ›

The big four brokerage firms in the U.S. are Charles Schwab, Fidelity Investments, E*TRADE, and Vanguard. That's based on the sizes of their customer numbers and assets under management.

Which broker is best and why? ›

Zerodha and Upstox, with their innovative tools and budget-friendly approach, lead the pack as the best brokers for trading in India. Cost-effectiveness is a critical consideration for investors.

Which brokerage is safest? ›

Summary: Best Online Brokerage

Company	Forbes Advisor Rating	Learn more CTA below text
Interactive Brokers	4.4	Via InteractiveBrokers' Secure Website
TD Ameritrade	4.4	Read Our Full Review
Fidelity Investments	4.4	Read Our Full Review
Charles Schwab	4.3	Read Our Full Review

1 more row

Apr 1, 2024

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What forex broker to use in the USA? ›

Overview of the best forex brokers in the USA

Broker	FX commission per lot	Minimum deposit
Forex.com	No commission is charged	$100
Oanda	No commission is charged	$0
IG	No commission is charged	$0
Interactive Brokers	Trade value less than $1 billion: 0.2 bps * trade value; min. $2	$0

What is the safest forex pair to trade? ›

What Are the Best Currency Pairs to Trade in Forex?

US Dollar (USD)
Euro (EUR)
Australian Dollar (AUD)
Swiss Franc (CHF)
Canadian Dollar (CAD)
Japanese Yen (JPY)
British Pound (GBP)

Mar 26, 2024

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What is the minimum deposit for forex com? ›

How much money do I need to open an account? The minimum initial deposit required is at least $100. However, we recommend you deposit at least $2,500 to allow you more flexibility and better risk management when trading your account.

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