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. 

Forex broker reviews rating

Rating interpretation

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 BrokerRatingDemoLeverageBonusPlatformsRegulationMin DepositPayments
OctaFX9yes1:500up to 50%MetaTrader 4, Metatrader 5, cTraderFCA UK5Neteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay
LiteForex 8yes1:50030% + 15%Metatrader 4, Metatrader 5, WebTerminalCySEC, Marshal Islands Business Corporation Act.10credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
XM8yes1:888$30 no depositMetaTrader 4, Metatrader 5, XM WebtraderCySEC, FCA UK, ASIC Australia, IFSC Belize5Credit Card (Visa, Visa Electron, MasterCard, Switch, and Solo), Neteller, Skrill, Wire Transfer, Western Union, MoneyGram, WebMoney, China UnionPay, Local Bank Transfer, SOFORT, iDEAL, paysafe card, QIWI, CASHU, ABAOOS, MONETA, giro pay,Przelewy24,l Astro Pay Card, FasaPay
InstaForex 7yes1:1,000$100 No Deposit BonusMetaTrader 4, Metatrader 5, WebtraderRAFMM1Bitcoin, CashU, credit cards, EgoPay, Neteller, Skrill, Ukash, UnionPay, WebMoney, wire transfer
Pepperstone7yes1:500100% Match BonusMetatrader 4, Metatrader 5, cTrader, cAlgo, cMirrorASIC, FCA UK200bPay, credit cards, Paypal
AvaTrade 6yes1:400100% AvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptionsCentral Bank of Ireland, ASIC, Financial Services Commission of British Virgin Island100Credit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney
FP Markets6yes1:50010% credit bonusMetaTrader 4 (MT4), IRESS, Mobile tradingASIC200credit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer
ForexMart6yes1:1,000$150 no deposit neededMetatrader 4CySEC1credit cards, neteller, skrill, paypal, paxum
TradeFW6yes1:30https://www.forexexplore.com/forex-brokers/tradefw-reviewCysec0Bank wire, Credit/Debit Card.
FxPro5yes1:500up to $1,000FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium FCA, CySEC100Credit/Debit Card, Bank Wire, PayPal, Neteller, Skrill
FXCM5yes1:200-Trading Station II, MetaTrader 4, Active Trader, Forex System Selector UK Financial Conduct Authority, AFSL 250Credit/Debit card, Online Check, Bank Wire, Paper Check
Plus5005yes1:20030%Plus500Israel Securities Authority500Skrill, Credit Cards, Wire Transfer
IronFX5yes1:50040%Metatrader 4ASIC, CySEC, DFSA, FCA UK, FSB, UCRFIN, CRFIN, Member of Eurex Exchange, Consob, BaFIN100credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer
Forex.com4yes1:200-ForexTrader platform (in-house), MetaTrader 4CFTC, NFA, FCA (UK), ASIC (Australia), ILLROC (Canada), SFC (Hong Kong), FFAJ (Japan)50wire transfer, Credit/Debit Card, Check
HYCM4yes1:40025% up to $5,000Metatrader 4FCA UK, CySEC, SFC100credit cards, wire transfer, Skrill, webmoney
AdvancedMarkets4yes1:50-Advanced Trader/Pro/Prime, Fortex FX Australian AFSL, ASIC500Wire, Check
CMTrading4yes1:40015% matchMetaTrader 4, SirixFinancial Services Board (FSB) South Africa200credit/debit cards, Wire transfer, CashU ,Skrill
Blueberry Markets4yes1:500MetaTrader 4ASIC100credit cards, wire transfer, POLi, Skrill
Priorfx4yes1:200Metatrader 4, Webtrader, AutotradeCySEC, FCA UK, MiFID250wire transfer, credit cards, Skrill, Neteller, PriorFX prepaid card, Yandex, Webmoney, Qiwi, UnionPay
FXDD3yes1:200-MetaTrader4, FXDD Trader, Power Trader, FXDD Auto, MTXtremeMalta Financial Services Authority (MFSA)100Wire, PayPal, Check, BPS
Tallinex3yes1:1,000Metatrader 4FSA of St. Vincent and The Grenadines100credit cards, wire transfer, Skrill, Neteller
Oanda3yes1:50Metatrader 4, FXtradeNFA1check, Credit cards, PayPal, Wire transfer
iFOREX3yes1:400-FXnet TraderHFSA in Hungary, CySEC100credit cards, wire transfer
DFMarkets3yes1:20010% Trading Credit Promotion up to $1,000DFTrader, DF WebTrader, DF MobileFCA100Bank wire, Credit/Debit cards
Tickmill3yes1:500-MetaTrader 4, WebtraderFCA UK, FSA Seychelles100wire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney
TenkoFX3yes1:500MetaTrader 4, WebtraderInternational Financial Services Commission of Belize10Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi
Z.com Trade3yes1:200 Z.com trader web, Z.com trader pro (demo account only)FCA UK1credit cards, wire transfer, china unionpay, skrill
Saxo Bank2yes1:100n/aSaxoTraderDanish Financial Services Authority and operates in the UAE5000Wire
AAAfx2yes1:200up to 30%ZTP, MetaTrader 4, Binary options webtrader, ZulutradeHCMC (Greece)300Wire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi
XTB2yes1:200Metatrader 4, xStation, xMobileCNMV (Spain), FCA (UK), FSA (Poland)250Credit cards, Neteller, Paypal, Skrill, Wire transfer
EasyMarkets2yes1:100Metatrader 4, EasyMarkets web-based platformASIC (Australia), CySEC (Cyprus)100credit cards, neteller, Skrill, Webmney, wire transfer
CityIndex2yes1:400-MT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet AppTrademark of GAIN Capital UK Ltd - Regulated by FCA100Credit/Debit Cards
Freshforex2yes1:1000SIGN-UP BONUS ¢100!Metatrader 4KROUFR1Debit/credit cards, Neteller, OKPAY, W1, QIWI, Webmoney, Skrill, FasaPay, Contact, Wire transfer
eToro 1yes1:400; 1:1 for Crypto Currencies-eToro PlatformCySec, NFA200Credit Cards, Debit Cards, Paypal, Neteller, Skrill, Webmoney, Wire Transfer
Tifia1yes1:1,000Metatrader 4, webtraderVanuatu Financial Services Commission VFSC10wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
FXOpen1yes1:500$100MetaTrader 4ASIC, FCA UK, Financial Dispute Resolution Scheme1Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney
House of Borse1yes1:100MetaTrader 4FCA UK50000credit cards, wire transfer
Igofx1yes1:1,000Metatrader 4Republic of Vanuatu Finance Service Commission1wire transfer, credit cards, perfect money
Fort Financial Services1yes1:1,000MetaTrader 4, CQG, Ninja trader, binary optionsIFSC5Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer
TraderTrust1yes1:200100% upto $5,000SmartForexCySec, VFCS100Skrill, Credit Cards
MEX Exchange1yes1:500Metatrader 4ASIC25Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer
Forexer1yes1:500Forexer platform (Metatrader 5 version)FMA200wire transfer
Synergy FX1yes1:500MetaTrader 4ASIC, AFSL500credit cards, skrill, wire transfer
FCI Markets1yes1:100Currenex, FCI NetStation, MetaTrader 4FCA250credit cards, neteller, skrill, wire transfer
Fortrade1yes1:200FortraderFCA500wire transfer, credit cards, skrill, neteller
FXGiants1yes1:500MetaTrader 4FCA500credit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer
FXGlobe1yes1:500MetaTrader 4CySEC250Credit cards, Neteller, Skrill, Wire transfer
FXlider1yes1:200MetaTrader 4, Sirix, ZuluTrade, FXlider mobile, FXlider Copy Trader, FXlider TraderFCA100wire transfer, credit cards, neteller, skrill
FXoro1yes1:400Metatrader 4CySEC200credit cards, wire transfer, skrill, neteller, ecoPayz, CashU
FXprimus1yes1:500Metatrader 4Cysec100Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer
Infinox1yes1:300Metatrader 4FCA UK100credit cards, wire transfer, skrill, neteller, china unionpay
Itrader1yes1:500MetaTrader 4, Webtrader (in-house), MobileCySEC250wire transfer, credit cards
JCMFX1yes1:1,000MetaTrader 4FSA10credit cards, FasaPay, Wire Transfer, Neteller, Skrill
Larson&Holz1yes1:500Metatrader 4, Web TraderFMRRC, NAFD100credit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money
LCG1yes1:500MetaTrader 4, LCG Trader (web-based, ECN accounts only)FCA UK1wire transfer, debit/credit cards, Skrill
Mahi FX1yes1:100Metatrader 4, MahiFXFCA UK, ASIC, FMA1wire transfer, credit cards
Pricemarkets1yes1:400MetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FXFCA UK500wire transfer, credit cards
Rallytade1yes1;1,000Metatrader 4, xStation (web-based), xSocial, xOptionsFinaCOM100credit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay
Range Markets 1yes1:500Metatrader 4FSA of St. Vincent and the Grenadines100Neteller, Credit Cards, wire transfer
Rekuten Securities1yes1:50MarketSpeed FX, Trading Station (inherited from FXCM)SFC1wire transfer, checks, ATM (only for local residents)
Roboforex1yes1:500MetaTrader 4, cTraderCysec, IFSC, FSP, FSCL1credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money
Templefx1yes1:400MetaTrader 4, TempleFX Trader (web-based)FCA UK50Wire transfer, credit cards, Skrill, Sofort, Neteller, UnionPay
Tradeo1yescredit cards, wire transfer, Skrill and Neteller20%Tradeo webtrader, Metatrader 4CySEC250
Trading2121yes1:200Trading212FCA UK100wire transfers, credit and debit cards, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay
CMCMarkets0yes500:1-Next Generation web-basedFCA1Credit cards, Wire Transfer
Dukascopy0yes1:500-DukascopyKPMG ARIF250Wire, Bank Guarantee, Standby letter of Credit Segregated Accounts
AAAECN0yes1:200MetaTrader 4IFSA of St. Vincent100credit cards, wire transfe
ActivTrades0yes1:400Metatrader 4, ActivtraderFCA100Credit Card, Wire transfer, neteller, skrill, sofort
Blackwell Global0yes1:200-MetaTrader 4, Blackwell Pro, MobileFinancial Conduct Authority2000redit/debit cards, Neteller, Skrill, Wire transfer
FBS0yesup to 1:3,000$123 Welcome BonusMetaTrader 4, Metatrader 5, WebtradingIFSC; Cysec1credit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrill
TrioMarkets0yes1:300-MetaTrader 4, Sirix WebtraderCySEC100Credit Card, Wire, Skrill, Neteller, Paypal and CashU
Markets.com0yes1:200up to $2,000Meta Trader 4,MarketTrader, Market WebTrader, Market Java Trader, Market Mobile Trader, Market WAP Trader, Market iTrader, Market AutoTraderCySEC, FSCA South Africa 100Credit/Debit Cards, Wire Transfer, Webmoney, Local Payments
Orbex0yes1:500MetaTrader 4CySEC500Skrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney
GrandCapital0yes500:1$500 no depositMetaTrader 4, WebTraderFinancial Commission FinaCom, EDR Hong Kong external dispute resolution organization10Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney
10Markets0yes1:200n/aMetaTrader 4, 10Markets WebTrader200Debit/Credit Cards, Wire Transfer
AlfaTrade0yes200:1-MetaTrader4, WebtraderAFM, BaFin, CONSOB, FCA, FI, NBS500Wire Transfer, Credit Cards, Skrill, Neteller
Squared Financial0yes300:1-MetaTrader 4, mobileCentral Bank of Ireland500wire Transfer, CashU, Credit Card, PayPal
Alvexo0yes400:1-MetaTrader 4, WebTrader, MobileCySEC5000Cash-U, Credit Card, Webmoney, Wire Transfer
NSFX0yes200:1Metatrader 4, Webtrader, NSFX Jforex platformMFSA300credit cards, Skrill, CashU and wire transfer
Juno Markets0yes1:400-MetaTrader 4FinaCom500neteller, skrill, credit cards, wire transfer
KGIeworld0yes1:50-MetaTrader 4MAS1000Wire Transfer, Check
Abshire-Smith0yes1:200Vertex fx, Metatrader 4, straticatorFCA500CashU, Neteller, Skrill, Wire Transfer
Alfa Financial0yes1:100MetaTrader 4, AX1TraderCentral Bank UAE10000yes
BlitzBrokers (IB for AxiTrader)0yes1:500MetaTrader 4FCA UK1Credit cards, Neteller, Skrill
Citypoint Trading0yes1:100MetaTrader 4, VertexFCA20credit cards, wire transfer
Darwinex0yes1:200MetaTrader 4, cTraderFCA500Bank Wire, Credit Cards, UnionPay
Eightcup0yes1:500Metatrader 4ASIC100
ETX Capital0yes1:200 ETX Trader Pro, Metatrader 4, ETX binaryFCA100credit cards, wire transfer, firopay, neteller, skrill, sofort, china unionpay
Swissmarkets0yes1:500Metatrader 4, WebtraderCySEC, MiFID200credit cards, wire transfer, neteller, skrill, iDEAL, giropay
Trade3600yes1:1,00035%, $60 no deposit for real accountTrade360CySEC100credit cards, skrill, neteller, wire transfer
AETOS0yes1:200MetaTrader 4FCA UK250Bank wire transfer, Credit cards, Debit cards, Skrill, ZOTAPAY
LH-Crypto0yes1:500Metatrader 4, Metatrader 5yes10Bitcoin, 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!