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

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

FAQs

Who is the most trusted forex broker? ›

Best Forex Brokers.
CMC Markets: Best Overall and Best for Range of Offerings.
London Capital Group (LCG): Best for Beginners.
Saxo Capital Markets: Best for Advanced Traders.
XTB Online Trading: Best for Low Costs.
IG: Best for U.S. Traders.
Pepperstone: Best for Trading Experience.
Frequently Asked Questions.

More items...

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.

View Details ›

What broker do professional forex traders use? ›

OANDA - Best US Forex broker overall. Forex.com - Lowest spread Forex broker. IG - Best Forex broker for beginner traders. Interactive Brokers - Best Broker commission rates.

Discover More Details ›

Who is the best forex trader to learn from? ›

The Best Forex Traders in the World

George Soros. We start our list of the best Forex traders in the world by looking at one of the most legendary figures in Forex trading history, George Soros. ...
Paul Tudor Jones. ...
Stanley Druckenmiller. ...
Bill Lipschutz. ...
Michael Marcus. ...
Andrew Krieger.

Mar 25, 2024

Which broker is most reliable? ›

Paytm Money. Paytm Money is a relatively new entrant in the broking space, offering a simplified and user-friendly trading platform that caters to beginners and tech-savvy investors. ...
Zerodha. ...
Aditya Birla Capital. ...
Upstox. ...
ICICIdirect. ...
HDFC Securities. ...
Kotak Securities.

View Details ›

Which broker do most traders use? ›

Best brokers for day trading

Interactive Brokers.
E*TRADE from Morgan Stanley.
Fidelity.
Webull.
Robinhood.
TradeStation.

What is the safest 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.
Charles Schwab - Award-winning thinkorswim platform.

More items...

Mar 30, 2024

Read On ›

Which forex broker is legal in the USA? ›

Overview of the best forex brokers in the USA

Broker	FX commission per lot	Minimum deposit
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
TD Ameritrade	No commission is charged	$0

1 more row

May 3, 2024

Find Out More ›

Why do most forex brokers not accept US clients? ›

The reason for this is quite simple - capital requirements. While a broker has to have around $100,000 - $500,000 of locked capital to obtain one of the European licenses, NFA requires quite an enormous amount of capital to be able to operate in the US - 20 million dollars.

What is the safest forex trading? ›

A safe broker will be regulated by a reputable financial authority, have a good track record, offer competitive trading conditions, and have a strong customer support team. Some of the safest forex brokers in the world include Pepperstone, IC Markets, FXCM, OANDA, FBS, XM, eToro, AvaTrade, IG, Saxo Bank, and FXTM.

Can you trust forex brokers? ›

Legitimate forex brokers will hold licenses from reputable regulatory jurisdictions. The best, most trustworthy forex brokers often hold multiple licenses across jurisdictions around the world. Most top-tier regulators provide a fairly simple online process for verifying a firm's regulatory status.

Get More Info ›

What is the safest forex pair to trade? ›

List of Top 10 Stable Currency Pairs

EUR/USD. The EUR/USD currency pair takes the largest portion of the overall trading volume. ...
GBP/USD. GBP/USD is another heavily traded currency pair. ...
USD/JPY. USD/JPY is the second most traded currency pair. ...
USD/CAD. ...
AUD/USD. ...
USD/CNY. ...
USD/CHF. ...
GBP/JPY.

More items...

View Details ›

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.

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View Details ›