This section provide the ultimate review the top Forex Brokers for 2019 in various countries around the world including the US and UK. With reviews provided by our team and comments from traders with experience, below you can find the detailed comparison table of the best Forex Brokers, their trading features and overall rating score. If you have your own story to share, please leave your Forex Broker review to help out to identify the best companies from all the listed brokers we have on the site.
The score is a collective grade of overall performance and features of the listed brokerage firm
Review status explanation
Review submitted by a real traders are the comments at the bottom. We do out best to monitor the users and clarify that the commentator is in fact not representatives of the firm.
Brokers and their official representatives are welcome to answer and interact with the users in order to improve the experience of the clients. The review submitted by broker employees should not be taken under consideration when choosing a company to invest in.
|Regulated Broker||Rating||Demo||Leverage||Bonus||Platforms||Regulation||Min Deposit||Payments|
|OctaFX||9||yes||1:500||up to 50%||MetaTrader 4, Metatrader 5, cTrader||FCA UK||50||Neteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay|
|LiteForex||8||yes||1:500||30% + 15%||Metatrader 4, Metatrader 5, WebTerminal||CySEC, Marshal Islands Business Corporation Act.||10||credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one|
|XM||8||yes||1:888||$30 no deposit||MetaTrader 4, Metatrader 5, XM Webtrader||CySEC, ASIC Australia, IFSC Belize||5||Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer|
|AvaTrade||7||yes||1:400||100%||AvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptions||Central Bank of Ireland, ASIC, Financial Services Commission of British Virgin Island||100||Credit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney|
|InstaForex||7||yes||1:1,000||$100 No Deposit Bonus||MetaTrader 4, Metatrader 5, Webtrader||RAFMM||1||Bitcoin, CashU, credit cards, EgoPay, Neteller, Skrill, Ukash, UnionPay, WebMoney, wire transfer|
|Anzo Capital||7||yes||1:1000||MetaTrader 4||yes||100||Webmoney, Skrill, Neteller, Credit Cards|
|FxPro||5||yes||1:500||up to $1,000||FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium||FCA, CySEC||100||Credit/Debit Card, Bank Wire, PayPal, Neteller, Skrill|
|FXCM||5||yes||1:200||-||Trading Station II, MetaTrader 4, Active Trader, Forex System Selector||UK Financial Conduct Authority, AFSL||250||Credit/Debit card, Online Check, Bank Wire, Paper Check|
|Plus500||5||yes||1:200||30%||Plus500||Israel Securities Authority||500||Skrill, Credit Cards, Wire Transfer|
|IronFX||5||yes||1:500||40%||Metatrader 4||ASIC, CySEC, DFSA, FCA UK, FSB, UCRFIN, CRFIN, Member of Eurex Exchange, Consob, BaFIN||100||credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer|
|Dukascopy||4||yes||1:500||-||Dukascopy||KPMG ARIF||250||Wire, Bank Guarantee, Standby letter of Credit Segregated Accounts|
|Forex.com||4||yes||1:200||-||ForexTrader platform (in-house), MetaTrader 4||CFTC, NFA, FCA (UK), ASIC (Australia), ILLROC (Canada), SFC (Hong Kong), FFAJ (Japan)||50||wire transfer, Credit/Debit Card, Check|
|HYCM||4||yes||1:400||25% up to $5,000||Metatrader 4||FCA UK, CySEC, SFC||100||credit cards, wire transfer, Skrill, webmoney|
|AdvancedMarkets||4||yes||1:50||-||Advanced Trader/Pro/Prime, Fortex FX||Australian AFSL, ASIC||500||Wire, Check|
|CMTrading||4||yes||1:400||15% match||MetaTrader 4, Sirix||Financial Services Board (FSB) South Africa||200||credit/debit cards, Wire transfer, CashU ,Skrill|
|Blueberry Markets||4||yes||1:500||MetaTrader 4||ASIC||100||credit cards, wire transfer, POLi, Skrill|
|Priorfx||4||yes||1:200||Metatrader 4, Webtrader, Autotrade||CySEC, FCA UK, MiFID||250||wire transfer, credit cards, Skrill, Neteller, PriorFX prepaid card, Yandex, Webmoney, Qiwi, UnionPay|
|FXDD||3||yes||1:200||-||MetaTrader4, FXDD Trader, Power Trader, FXDD Auto, MTXtreme||Malta Financial Services Authority (MFSA)||100||Wire, PayPal, Check, BPS|
|Tallinex||3||yes||1:1,000||Metatrader 4||FSA of St. Vincent and The Grenadines||100||credit cards, wire transfer, Skrill, Neteller|
|Oanda||3||yes||1:50||Metatrader 4, FXtrade||NFA||1||check, Credit cards, PayPal, Wire transfer|
|iFOREX||3||yes||1:400||-||FXnet Trader||HFSA in Hungary, CySEC||100||credit cards, wire transfer|
|FP Markets||3||yes||1:500||10% credit bonus||MetaTrader 4 (MT4), IRESS, Mobile trading||ASIC||200||credit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer|
|DFMarkets||3||yes||1:200||10% Trading Credit Promotion up to $1,000||DFTrader, DF WebTrader, DF Mobile||FCA||100||Bank wire, Credit/Debit cards|
|Tickmill||3||yes||1:500||-||MetaTrader 4, Webtrader||FCA UK, FSA Seychelles||100||wire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney|
|TenkoFX||3||yes||1:500||MetaTrader 4, Webtrader||International Financial Services Commission of Belize||10||Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi|
|Z.com Trade||3||yes||1:200||Z.com trader web, Z.com trader pro (demo account only)||FCA UK||1||credit cards, wire transfer, china unionpay, skrill|
|Pepperstone||3||yes||1:500||100% Match Bonus||Metatrader 4, Metatrader 5, cTrader, cAlgo, cMirror||ASIC, FCA UK||200||bPay, credit cards, Paypal|
|TradeFW||3||yes||1:30||https://www.forexexplore.com/forex-brokers/tradefw-review||Cysec||0||Bank wire, Credit/Debit Card.|
|CMCMarkets||2||yes||500:1||-||Next Generation web-based||FCA||1||Credit cards, Wire Transfer|
|ActivTrades||2||yes||1:400||Metatrader 4, Activtrader||FCA||100||Credit Card, Wire transfer, neteller, skrill, sofort|
|Saxo Bank||2||yes||1:100||n/a||SaxoTrader||Danish Financial Services Authority and operates in the UAE||5000||Wire|
|Blackwell Global||2||yes||1:200||-||MetaTrader 4, Blackwell Pro, Mobile||Financial Conduct Authority||2000||redit/debit cards, Neteller, Skrill, Wire transfer|
|AAAfx||2||yes||1:200||up to 30%||ZTP, MetaTrader 4, Binary options webtrader, Zulutrade||HCMC (Greece)||300||Wire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi|
|XTB||2||yes||1:200||Metatrader 4, xStation, xMobile||CNMV (Spain), FCA (UK), FSA (Poland)||250||Credit cards, Neteller, Paypal, Skrill, Wire transfer|
|EasyMarkets||2||yes||1:100||Metatrader 4, EasyMarkets web-based platform||ASIC (Australia), CySEC (Cyprus)||100||credit cards, neteller, Skrill, Webmney, wire transfer|
|CityIndex||2||yes||1:400||-||MT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet App||Trademark of GAIN Capital UK Ltd - Regulated by FCA||100||Credit/Debit Cards|
|Markets.com||2||yes||1:200||up to $2,000||Meta Trader 4,MarketTrader, Market WebTrader, Market Java Trader, Market Mobile Trader, Market WAP Trader, Market iTrader, Market AutoTrader||CySEC, FSCA South Africa||100||Credit/Debit Cards, Wire Transfer, Webmoney, Local Payments|
|eToro||1||yes||1:400; 1:1 for Crypto Currencies||-||eToro Platform||CySec, NFA||200||Credit Cards, Debit Cards, Paypal, Neteller, Skrill, Webmoney, Wire Transfer|
|Tifia||1||yes||1:1,000||Metatrader 4, webtrader||Vanuatu Financial Services Commission VFSC||10||wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay|
|FXOpen||1||yes||1:500||$100||MetaTrader 4||ASIC, FCA UK, Financial Dispute Resolution Scheme||1||Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney|
|House of Borse||1||yes||1:100||MetaTrader 4||FCA UK||50000||credit cards, wire transfer|
|Igofx||1||yes||1:1,000||Metatrader 4||Republic of Vanuatu Finance Service Commission||1||wire transfer, credit cards, perfect money|
|Fort Financial Services||1||yes||1:1,000||MetaTrader 4, CQG, Ninja trader, binary options||IFSC||5||Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer|
|TraderTrust||1||yes||1:200||100% upto $5,000||SmartForex||CySec, VFCS||100||Skrill, Credit Cards|
|MEX Exchange||1||yes||1:500||Metatrader 4||ASIC||25||Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer|
|FBS||1||yes||up to 1:3,000||$123 Welcome Bonus||MetaTrader 4, Metatrader 5, Webtrading||IFSC; Cysec||1||credit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrill|
|Forexer||1||yes||1:500||Forexer platform (Metatrader 5 version)||FMA||200||wire transfer|
|Synergy FX||1||yes||1:500||MetaTrader 4||ASIC, AFSL||500||credit cards, skrill, wire transfer|
|FCI Markets||1||yes||1:100||Currenex, FCI NetStation, MetaTrader 4||FCA||250||credit cards, neteller, skrill, wire transfer|
|Fortrade||1||yes||1:200||Fortrader||FCA||500||wire transfer, credit cards, skrill, neteller|
|FXGiants||1||yes||1:500||MetaTrader 4||FCA||500||credit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer|
|FXGlobe||1||yes||1:500||MetaTrader 4||CySEC||250||Credit cards, Neteller, Skrill, Wire transfer|
|FXlider||1||yes||1:200||MetaTrader 4, Sirix, ZuluTrade, FXlider mobile, FXlider Copy Trader, FXlider Trader||FCA||100||wire transfer, credit cards, neteller, skrill|
|FXoro||1||yes||1:400||Metatrader 4||CySEC||200||credit cards, wire transfer, skrill, neteller, ecoPayz, CashU|
|FXprimus||1||yes||1:500||Metatrader 4||Cysec||100||Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer|
|Infinox||1||yes||1:300||Metatrader 4||FCA UK||100||credit cards, wire transfer, skrill, neteller, china unionpay|
|Itrader||1||yes||1:500||MetaTrader 4, Webtrader (in-house), Mobile||CySEC||250||wire transfer, credit cards|
|JCMFX||1||yes||1:1,000||MetaTrader 4||FSA||10||credit cards, FasaPay, Wire Transfer, Neteller, Skrill|
|Larson&Holz||1||yes||1:500||Metatrader 4, Web Trader||FMRRC, NAFD||100||credit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money|
|LCG||1||yes||1:500||MetaTrader 4, LCG Trader (web-based, ECN accounts only)||FCA UK||1||wire transfer, debit/credit cards, Skrill|
|Mahi FX||1||yes||1:100||Metatrader 4, MahiFX||FCA UK, ASIC, FMA||1||wire transfer, credit cards|
|Pricemarkets||1||yes||1:400||MetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FX||FCA UK||500||wire transfer, credit cards|
|Rallytade||1||yes||1;1,000||Metatrader 4, xStation (web-based), xSocial, xOptions||FinaCOM||100||credit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay|
|Range Markets||1||yes||1:500||Metatrader 4||FSA of St. Vincent and the Grenadines||100||Neteller, Credit Cards, wire transfer|
|Rekuten Securities||1||yes||1:50||MarketSpeed FX, Trading Station (inherited from FXCM)||SFC||1||wire transfer, checks, ATM (only for local residents)|
|Roboforex||1||yes||1:500||MetaTrader 4, cTrader||Cysec, IFSC, FSP, FSCL||1||credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money|
|Templefx||1||yes||1:400||MetaTrader 4, TempleFX Trader (web-based)||FCA UK||50||Wire transfer, credit cards, Skrill, Sofort, Neteller, UnionPay|
|Tradeo||1||yes||credit cards, wire transfer, Skrill and Neteller||20%||Tradeo webtrader, Metatrader 4||CySEC||250|
|Trading212||1||yes||1:200||Trading212||FCA UK||100||wire transfers, credit and debit cards, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay|
|Freshforex||1||yes||1:1000||SIGN-UP BONUS ¢100!||Metatrader 4||KROUFR||1||Debit/credit cards, Neteller, OKPAY, W1, QIWI, Webmoney, Skrill, FasaPay, Contact, Wire transfer|
|Oinvest||0||yes||1:200||Samsung Galaxy, iPhone||Metatrader 4||yes||200||Skrill, Neteller, Credit Cards|
|TrioMarkets||0||yes||1:300||-||MetaTrader 4, Sirix Webtrader||CySEC||100||Credit Card, Wire, Skrill, Neteller, Paypal and CashU|
|Orbex||0||yes||1:500||MetaTrader 4||CySEC||500||Skrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney|
|GrandCapital||0||yes||500:1||$500 no deposit||MetaTrader 4, WebTrader||Financial Commission FinaCom, EDR Hong Kong external dispute resolution organization||10||Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney|
|10Markets||0||yes||1:200||n/a||MetaTrader 4, 10Markets WebTrader||200||Debit/Credit Cards, Wire Transfer|
|AlfaTrade||0||yes||200:1||-||MetaTrader4, Webtrader||AFM, BaFin, CONSOB, FCA, FI, NBS||500||Wire Transfer, Credit Cards, Skrill, Neteller|
|Squared Financial||0||yes||300:1||-||MetaTrader 4, mobile||Central Bank of Ireland||500||wire Transfer, CashU, Credit Card, PayPal|
|Alvexo||0||yes||400:1||-||MetaTrader 4, WebTrader, Mobile||CySEC||5000||Cash-U, Credit Card, Webmoney, Wire Transfer|
|NSFX||0||yes||200:1||Metatrader 4, Webtrader, NSFX Jforex platform||MFSA||300||credit cards, Skrill, CashU and wire transfer|
|Juno Markets||0||yes||1:400||-||MetaTrader 4||FinaCom||500||neteller, skrill, credit cards, wire transfer|
|KGIeworld||0||yes||1:50||-||MetaTrader 4||MAS||1000||Wire Transfer, Check|
|Abshire-Smith||0||yes||1:200||Vertex fx, Metatrader 4, straticator||FCA||500||CashU, Neteller, Skrill, Wire Transfer|
|Alfa Financial||0||yes||1:100||MetaTrader 4, AX1Trader||Central Bank UAE||10000||yes|
|BlitzBrokers (IB for AxiTrader)||0||yes||1:500||MetaTrader 4||FCA UK||1||Credit cards, Neteller, Skrill|
|Citypoint Trading||0||yes||1:100||MetaTrader 4, Vertex||FCA||20||credit cards, wire transfer|
|Darwinex||0||yes||1:200||MetaTrader 4, cTrader||FCA||500||Bank Wire, Credit Cards, UnionPay|
|ETX Capital||0||yes||1:200||ETX Trader Pro, Metatrader 4, ETX binary||FCA||100||credit cards, wire transfer, firopay, neteller, skrill, sofort, china unionpay|
|Swissmarkets||0||yes||1:500||Metatrader 4, Webtrader||CySEC, MiFID||200||credit cards, wire transfer, neteller, skrill, iDEAL, giropay|
|Trade360||0||yes||1:1,000||35%, $60 no deposit for real account||Trade360||CySEC||100||credit cards, skrill, neteller, wire transfer|
|ForexMart||0||yes||1:1,000||$150 no deposit needed||Metatrader 4||CySEC||1||credit cards, neteller, skrill, paypal, paxum|
|AETOS||0||yes||1:200||MetaTrader 4||FCA UK||250||Bank wire transfer, Credit cards, Debit cards, Skrill, ZOTAPAY|
|LH-Crypto||0||yes||1:500||Metatrader 4, Metatrader 5||yes||10||Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, DASH, Ripple, NEO, Visa, MasterCard, Web Money, QIWI, wire transfer|
What is Forex trading?
Forex trading is about currencies and ways to exchange one for another at the right time in order to earn profits. This is one of the hottest niches in online markets, available at your service 24 hours a day, five days a week, for every person interested without exceptions. Believe it or not but throughout a day, forex market trades around $3 trillion dollars!
When you make a trade, you either buying or selling currency. The trick is to do it at the right moment of the exchange rate movement, so your trade turns profitable. The difference between eell and buy price is called spread and it is measured in pips. Most forex brokers quote from 4 to 5 decimal, so every number matters when it comes to making profits. For example, if EUR/USD is trading at 1.6600 and it moves to 1.6604, that is a movement of four pips. The larger the gap, the bigger your opportunity to kit the jackpot.
One of the useful benefits offered by forex Brokers is the leverage. This feature magnifies your funds by allowing you to have a larger margin on the amount of your deposit. Brokers offer leverage from as low as 1:50 to as high as 1:1,000. Obviously, you have to understand the risks involved with high leverage before you go all the way to the highest option. The recommended leverage i 1:200, however U.S forex broker, for example are restricted by their regulation authorities from offering high leverage, hence in most cases really high one can be spotted with off shore brokers with less strict regulation policies.
Forex trading tools: Platforms and Features
You want to trade with the best online trading platform out there with the most attractive features in the market. So when you choose a forex broker, you better test and review the platform offered with a demo account. Keep in mind 2 important things:
1. Broker that doesn't offer demo account is a scam.
2. Broker that requires any type of deposits before you can use their demo account is a fraud.
Testing out the platform is an essential and basic request from any trader and it has to be offered without any weird requests and requirements. Test each broker you chose to trade with on their mobile apps, technical analysis tools, charts, market analysis, one click trading, social trading and more.
Keep alert towards the currencies you have selected to trade. With a good platform you can set alarms when your currency pair reaches a certain preferable price and meet other criteria you look for. With reputable forex Broker you must be able to get email and text alert, phone notifications and such. Not all platforms have such options.
Forex brokers should definitely offer outstanding charting tools to help you understand and analyse the volatility of each currency pair you trade. These important features are technical indicators that can assist you in trading and help you make a decent trading strategy you can follow. Octafx, Liteforex, XM and Avatrade for example offer wide ranges of technical indicators and you should definitely take advantage of it.
The variety of brokers reviewed on this site offer a wide range of currency pairs to choose from. Most traders prefer to focus mainly on major pairs, such as EUR/USD, USD/JPY, GPD/USD and USD/CAD, but some traders are interested in more exotic options such as Thai Baht, the Hungarian Florint and the Danish Krone. Exotic currencies have lots of profitable opportunities in them as long as you have time to focus on the political, economic and technical analysis of the more volatile currencies online.
Forex Education & Support
Top Forex brokers are those which offer investment education and platform training. During our reviews, we have concluded that best brokers go an extra mile and offer various seminars, webinars, tutorials and even one on one mentoring. While this is not a deal breaker, but we do give a brokerage that provide educational resources extra rating points. Those webinars and market analysis are great way to keep track of the market, brainstorm for new ideas and work on your daily trading strategies and plans.
You want to work with broker that is available to provide you with decent technical and overall support. You want to have phone line open, email communication set and, best of all, live chat available. Forex broker that doesn't hide from it's traders is number one!