Full Forex brokers list in 2024
Although Forex trading has been around for decades, recent global trends have made it all the more prominent among investors of all ages. This has led to an increasing number of investment platforms offering Forex trading options. Therefore, finding the best Forex brokers for your investment goals can be challenging. Luckily, by doing some research, you can learn more about these brokers in order to choose which one works best for you. That said, here’s a closer look at a list of some of the top Forex brokers in the world.
Warning:
There is a high level of risk involved when trading leveraged products such as Forex/CFDs. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
How do we complete TOP 100 Forex brokers' rating
When it comes to rating the top Forex brokers, there are plenty of things to consider. Here is a list of some of the top variables that enables us to compile this list:
Trust level and regulation
One of the top things to focus on when choosing the top Forex brokers is trust level and regulation. This is because there are some fraudulent Forex brokers on the market, which means investors must take the time to learn more about their chosen platforms before investing. Failing to ensure that users consider a platform trustworthy or that it is regulated may result in falling into scams and other fraudulent activity.
Trading conditions and fees
Another highly important aspect of finding a Forex broker is the trading conditions and fees. Learning about these will allow you to learn how much you may have to pay to conduct trades and under what terms.
Trading platforms
Forex brokers use an array of platforms, and they are not all the same. Finding out which platform(s) are used by your chosen Forex broker will enable you to decide whether the platform works for your investment goals and capabilities.
Extra tools
All brokers offer their own unique tools to help traders. You should choose a broker that offers tools that most closely align with your investment goals.
Education
Lastly, many brokers offer educational tools. However, they are not all created equal. If you are a beginner, you will want to work with brokers offering the most robust educational tools selection.
List of 100 regulated Forex brokers 2024
| Overall Score | Minimum Deposit | Commission | ||
|---|---|---|---|---|
8.61 |
$10 |
Floating from 0 pips |
|
|
7.69 |
100 USD |
Floating, from 0-1 pips subject to the account type |
|
|
7.58 |
$10 |
Standard: from 0.3-1 pips subject to the account type; |
|
|
7.34 |
$5 |
1.2 pips for MT4/5 |
|
|
8.28 |
€10 |
From 1 pip |
|
|
6.44 |
From 0 US dollars |
Fixed (from 2 pips), floating (from 0,9 pip), maximum low (from 0 pip) |
|
|
9.4 |
$100 |
From 2 pips |
|
|
6.87 |
$5 |
From 1.1 pips (for Forex) |
|
|
7.44 |
From 0 USD |
From 0.1–2.0 pips |
|
|
7.19 |
USD 10 |
From 0.2 pips |
|
|
8.5 |
100 (USD, EUR, GBP, CHF) |
from 0.0 pips |
|
|
8.28 |
$5 |
From 0.6 pips |
|
|
7.1 |
$100 / €100 |
ECN - floating from 0 pips, Standard - floating from 1.3 pips, Fixed - fixed from 3 pips, Crypto - floating from 1.3 pips. |
|
|
6.49 |
$100 |
From 0.0 pips |
|
|
7.27 |
10 USD, 10 EUR |
From 0.4-0.8 pips (subject to the account type) |
|
|
8.29 |
$1 |
from 0.0 pips |
|
|
8.4 |
$200 |
Standard: 0.6 pips; |
|
|
7.26 |
$5 |
Mini and Standard+ from 1 pips |
|
|
6.08 |
50 USD |
From 0.0 pips |
|
|
7.47 |
100 EUR |
From 0.1 p |
|
|
8.48 |
$10 |
Fixed, floating |
|
|
8.04 |
100 US dollars |
from 1.6 pips for the Classic account and from 0 pips for Raw account |
|
|
7.95 |
From USD 1 |
From 0.9 pips (Classic), from 0 pips (Zero) |
|
|
7.83 |
FSC - $1. CySEC - €200/€1 |
FSC - from 0-0.3 pips subject to the account type. CySEC - from 0 pips subject to the asset type. |
|
|
8.43 |
$1 — $100, $250 |
From 0-0.5 pips. |
|
|
6.94 |
$1 |
From 0.1 pips for currency pairs |
|
|
6.75 |
From USD 100 |
From 1.2 pips (Standard), from 0.0 pips (ECN) |
|
|
7.32 |
$50 |
From $0 (Standard STP), from $3 (RAW), from $1.50 (PRO) |
|
|
7.48 |
$0 |
From 0.7 pips |
|
|
6.98 |
$100 |
Floating or fixed, from 0 pips |
|
|
8.32 |
100$ |
From 0.9 to 3 p. |
|
|
5.85 |
50 USD |
From 0,0 p |
|
|
5.92 |
$10 |
Floating from 0.01 pips |
|
|
7.11 |
From $1 |
from 0.2 pips |
|
|
6.71 |
$50 USA |
Classic — from 1.8 pips, ECN — from 0 pips |
|
|
6.76 |
From $1,000 |
From 1.1 p |
|
|
5.46 |
$1 |
From 0.9 pips |
|
|
8.09 |
USD 0 |
from 0 pip |
|
|
6.72 |
Fix — $10, Pro — $100, Zero — $500, Savings - $500 |
From 0.9 pips (floating), from 2 pips (fixed) |
|
|
4.52 |
$25 (Mini Pairs) |
From 0.4 pips |
|
|
6.69 |
Form $1 |
W-Cent, W-Profi — fixed from 1,8 pips; W-Instant — fixed from 2 pips; W-ECN — floating from 0,2 pips; W-Crypto — floating from 0 |
|
|
6.65 |
$ 100 |
from 1 pips (Standard, Cent, Fix), from 0.4 pips (VIP), 0 pips (Zero) |
|
|
8.17 |
$10 |
From 0.0 pips |
|
|
6.14 |
$20 |
Floating, from 0 or 1.3 pips depending on the account type |
|
|
7.63 |
$50 |
from 0.0 pips |
|
|
6.23 |
$1 |
From 0.0 points |
|
|
5.77 |
From $1 |
From 0-2.0 pips |
|
|
3.33 |
No minimum deposit |
variable |
|
|
6.44 |
USD 100 |
From 1 pip (Variable Spreads Account), from 0.0 pips (Raw Spreads Account) |
|
|
6.62 |
Starting at $15 |
From 0.1 pips |
|
|
5.46 |
$10–500 depending on account type |
0.4–1.0 pips |
|
|
5.77 |
10 USD |
floating |
|
|
3.51 |
From $1 and from $1,000 depending on the account type |
from 1.8 pips (МТ4, NetTradex), from 0.4 pips (МТ5) |
|
|
4.59 |
$10 |
From 0.0 pips on ECN accounts, from 0.7 pips on standard accounts |
|
|
6.47 |
$10 |
From 0.1 pips |
|
|
3.62 |
$50 |
from 0.0 pips (Pro, VIP), from 1.5 pips (Classic) |
|
|
7.62 |
USD 100 for Dukascopy Europe and USD 1000 for Dukascopy Bank |
From 0.1 pips for EUR/USD |
|
|
8.34 |
50$ |
From 0.1 pips |
|
|
6 |
100$ |
Variable |
|
|
5.61 |
$50 ㅤ |
From 1 pips |
|
|
7.65 |
100 USD |
from 0.0 pips (direct account), from 1 pips (standard account) |
|
|
5.39 |
From USD 100 + Leverage |
From 0.7 pips (Standard account), from 0.1 pips (ECN account) |
|
|
6.26 |
No |
Floating, from 0 pips |
|
|
6.32 |
$50 |
From 0 pips |
|
|
4.81 |
$5 |
Floating (from 0 pips) or fixed |
|
|
5.87 |
From USD 10 |
From 1.7 pips for all instruments except commodity assets |
|
|
7.77 |
No |
From 0 p for currency pairs |
|
|
6.01 |
no minimum deposit |
From 0.1 pips |
|
|
7.1 |
$100 |
From 0.6 pips |
|
|
6.71 |
$300 |
from 0.5 pips (five-digit quotes) |
|
|
7.27 |
$100 |
From 0.1 pips |
|
|
7.5 |
$25 |
Fixed, from USD 0.03 |
|
|
8.25 |
$500 |
Floating, from 0.0 pips |
|
|
5.47 |
$50 |
Floating, from 0 pips |
|
|
7.28 |
0$ |
From 0.5 pips |
|
|
6.09 |
50 USD |
from 0,0 p |
|
|
5.4 |
$100 |
Raw, from 0 pips |
|
|
8.18 |
From $1 (cent, standard), From $50 (ECN) |
From 1 pip (cent, standard), from 0.0 pips (ECN), 3 pips (infinite account) |
||
7.09 |
From $50 for retail clients, from $10,000 for professional clients |
From 0.2 pips |
|
|
5.01 |
50 USD |
min. 0-3.95$ |
|
|
6.9 |
From $50 |
from 0 pips |
|
|
7.19 |
From $100 |
Floating from 0.1 pips |
|
|
5.6 |
$250 |
As low as 0.2 |
|
|
4.73 |
$100 |
From 2.4 pips for Basic, from 1.4 pips for Standard, from 1.1 pips for Advanced, and from 0 pips for Premium-ECN |
|
|
6.41 |
$100 (Starter), $500 (Premium), $25,000 (Ultimate) |
From 1.5 pips (Starter), from 0.0 pips (Premium, Ultimate) |
|
|
4.72 |
$50 |
From 0-1.2 pips subject to the account type |
|
|
6.63 |
250 EUR |
From 0.0 pips |
|
|
6.11 |
From $100 |
From 0 pips (Innovative Liquidity Connector), from 0.2 pips (X Leverage Account) |
|
|
6.38 |
From USD 50 + leverage |
From 0.0 pips |
|
|
5.06 |
$100 |
From 0 pips (BX Zero), from 1 pips (BX Standard) |
|
|
4.31 |
$1 |
From 2 points |
|
|
2.72 |
$50 |
Floating, from 0.2 pips |
|
|
5.73 |
no minimum deposit |
from 0,0 p |
|
|
6.44 |
$10 |
0 pips — Libertex; |
|
|
4.74 |
100 USD |
From 0,2 p |
|
|
6.2 |
$250 |
From 0.7 pips (EUR/USD) |
|
|
4.3 |
$250 |
Floating, from 0.9 or 1.8 pips depending on the account |
|
|
4.9 |
$50 |
Floating from 0.1 pips; |
|
|
4.67 |
$30 |
Floating from 0 pips |
|
|
4.35 |
$1 |
From 0.5 pips |
|
Top 10 Forex brokers review
What is the best Forex broker for beginners?
When choosing the best Forex broker for beginners, you should be searching for brokers with low minimum deposits. You will also want to find out if they offer special accounts for beginners, such as Cent, Micro, or Demo accounts. Lastly, you should find out if they offer passive income options such as copy trading, PAMM/MAM accounts.
eToro is the best broker for copy tradingTop 5 Forex brokers for beginners
Are you searching for beginner-friendly Forex brokers? Here’s a list of 5 of the most recommended:
-
1FxProThis broker is licensed by four regulators: FCA (Great Britain), CySEC (Cyprus), FSCA (South Africa), SCB (Bahama Islands). The minimum deposit is $100.
-
2Admiral Markets UKThe company operates under the regulation of the Cyprus CySec,British FCA, and Australian ASIC. The minimum deposit is $200. Trading platforms: MT4,MT5. The maximum leverage is 1:500.
-
3XM GroupThis broker is licensed by three regulators: ASIC (Australia),IFCS (Belize), and CySEC (Cyprus). The minimum deposit is $5. The maximum leverage available is up to 1:888 (it depends on the deposit amount). The maximum leverage for clients registered under the EU regulated entity of the Group is 30:1.
-
4AvaTradeThis broker is regulated by the Australian ASIC, Japanese FSA, and South African FSCA. The minimum deposit in AvaTrade is $100.
-
5FXTMThe company’s activity is regulated by CySEC (Cyprus Securities and Exchange Commission), South African FSCA (Financial sector surveillance authority), UK FCA (Financial Regulatory Authority), as well as FSC (Financial Supervision Commission of Mauritius). The minimum deposit is $5.
How to choose the best Forex broker for me?
If you are looking for ways to choose the best Forex broker, here is a list of tips to get you headed in the right direction:
Focus on regulation: One of the top ways to find the best Forex broker for you is by focusing on regulation. This is how you will know trustworthy organizations are watching your chosen broker.
Find out about their security: You will also want to learn more about security. For instance, some sites offer two-factor authentication and other tools that make accounts safer and more secure.
Transaction fees: Lastly, you will want to research their transaction fees. This is because some platforms charge much higher fees than others.
How to compare top Forex brokers in the world
If you want to compare multiple Forex brokers at once, there are a few ways to do so. One of which is by using our free comparison tool. Here is a list of steps to allow you to do just that:
Navigate to the ‘find a broker box’ and type the name of the broker you want to compare into the box.
Next, click the scales next to the right of all the brokers you want to compare.
Next, navigate to the ‘go to compare’ button.
Click the button and wait for the chart to repopulate.
Is Forex trading legit?
Forex trading itself is legal in most countries, though it is lightly regulated compared to other financial markets like stocks or commodities. There are many regulated brokers that allow individuals to trade currencies online or through trading platforms. So Forex trading is accessible for regular investors.
There are some Forex scams and "get rich quick" schemes to avoid. Stick to regulated brokers and be wary of claims that seem too good to be true.
Like any trading, Forex involves risk. The high leverage offered by brokers means potential for large losses if trades go the wrong way. There is no guarantee of profits. Beginners should take time to learn trading strategies before risking real money.
For most traders, Forex is considered a legitimate market to speculate on currency movements. But it requires knowledge, discipline and accepting the risk of losses. With proper preparation, Forex can be an intriguing market to trade in.
How much do Forex traders make?
The nature of Forex earnings is that the income level is not fixed and earnings depend on many factors. However, don’t be discouraged by that statement because you can certainly make good money in the Forex market. Moreover, you can make really good money like the Chinese trader Chen Linkuy, who started with a deposit of $100 and, in just a few weeks, had profited $100,000.
Linkuy obviously used tremendous leverage and clearly violated the rules of money management using extremely high-risk strategies. However, this is not an isolated case, but just one of the few that has been made public. On the Internet, you can find many similar stories about how people earned $1,000, $10,000, and other significant amounts at Forex, starting from scratch. However, Linkuy’s level of income is rarely written about, for the obvious reason that high earners at any activity tend to avoid publicity, and publicity often leads to tax audits.
FAQ
What is the best forex broker in the world?
Given the fickle nature of the Forex market, finding the single best Forex broker in the world can be challenging. This is because success in the Forex market depends largely on the resources offered and how skilled the investors are. Nevertheless, Roboforex is considered one of the best because it’s actually beginner-friendly, has low minimum deposit amounts, has great leverage potential, and more.
What are the most trusted Forex brokers?
Some of the most trusted Forex brokers are Pepperstone, IC Markets, Fusion Markets, FP Markets, eToro, and XTB.
Which Forex broker is best for beginners?
RoboForex is one of the best Forex brokers for beginners.
How can I get rich fast in forex?
As with all investment methods, there are no guarantees when trading Forex. So, while some may become highly successful in making these trades, others may fail. Nevertheless, generally speaking, here are the steps to take to become successful quickly while trading Forex:
Find the best Forex trading method for you and stick with it.
Focus on long-term investments that can offer larger gains.
Trade breakouts to gain larger profits in a shorter amount of time.
Take risks—put 10-20% of your equity into your Forex investments.
Don’t cash out too early – Understand that the Forex market is volatile, and you will need to embrace the ups and downs to turn a bigger profit.
Methodology for compiling our ratings of Forex brokers
Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.
Key aspects of the assessment include:
Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
Other factors like brand popularity, client support, and educational resources are also evaluated.
Find out more about the unique broker assessment methodology developed by Traders Union specialists.
Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!