Forex Brokers

A Forex broker is an intermediary between a trader and the currency market. Retail foreign exchange trading is not possible without a Forex brokerage. A good broker provides a trading platform, accepts deposits and processes withdrawals, provides leverage, and promptly executes trading orders. Sometimes, brokers would also offer education, bonuses, trade copying, and other resources and tools.

Finding the best Forex broker among hundreds of online companies is not an easy task. When looking for a broker, you have to pay attention to the following aspects:

  • Is the broker reliable? Is it regulated by a solid authority? What country is it based in? Will it be easy for you to get compensated in case things do not go as planned?
  • How fair are the broker's trading conditions? Are spreads and commission low? Does it offer leverage on fair conditions? Are overnight interest rate payments distributed honestly? How fast and seamless is the broker's order execution?
  • Does the broker offer all currency pairs you would like to trade? Does it accept your preferred payment method? Are you comfortable with the trading platform?
  • Is broker's support service knowledgeable? Is it honest in answering uneasy questions? How long does it take the broker to respond to traders' issues?
  • How reputable is the broker? How old is it? Does it have a good share of positive reviews? Do those reviews look legit?

To help you answer these questions, EarnForex offers a complete set of tools for you to search, analyze, and compare existing FX firms. Additionally, all the online Forex brokers presented here are reviewed by traders. Also, some of the brokers' representatives answer to the questions and problem reports mentioned in these reviews, providing some exclusive first-hand information to our visitors. You will find 246 brokers listed in the table below.

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This is a full list of retail Forex brokers that offer online currency trading services. Click on the broker's name to get more details about it and read traders' reviews.

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Forex Broker Min. Account Size Broker Rating Min. Position Size Payment Max. Leverage Serious Regulation Spread US
FXTM $5 8.7 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • WebTrader
  • Countries
    BZ CY GB ZA
  • Regulation
    • CySEC, 185/12
    • FCA (UK), 777911
    • FSCA (South Africa), 46614
    • IFSC (Belize), IFSC/60/345/TS and IFSC/60/345/APM.
IronFX $100 4.2 0.01 1:500
  • Platforms
    • MetaTrader 4
  • Countries
    AE AR AU AZ BR CN CY CZ DE DZ ES GB HK HU IN MY PL RU US UY ZA
  • Regulation
    • ASIC, 417482
    • CySEC, 125/10
    • DFSA (Dubai), F002432
    • FCA (UK), 585561
    • FSCA (South Africa), 45276
    • UCRFIN, 5
AMarkets $1 7.5 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • MetaTrader 4 Web (VPS)
  • Countries
    AM GE IR KZ NG RU ZA
  • Regulation
    • FSA (St. Vincent & the Grenadines), 22567 IBC 2015
    • The Financial Commission, 01.09.2013
FXGlory $1 7.3 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • WebTrader
  • Countries
    AE CH CY GB VC
  • Regulation
AAFX Trading $100 8.5 0.01 1:2000
  • Platforms
    • MetaTrader 4
  • Countries
    AE AU HK MY NZ QA SA US VC
  • Regulation
    • ASIC, 4240010
    • FSA (St. Vincent & the Grenadines), 22916 IBC
AvaTrade $100 2.9 0.01 1:400
Exness $1 7.2 0.01 1:2000
RoboForex $1 5.0 0.01 1:1000
FXOpen $1 8.4 0.001 1:500
InstaForex $1 5.8 0.0001 1:1000
IQ Option $10 - 0.01 1:300
Binary.com $10 - 0.01 1:1000
Forex4you $50 5.5 0.01 1:1000
LiteForex $10 5.4 0.01 1:500
Whaleclub $1 - 0.01 1:200
Videforex $250 - 0.01 1:100
SimpleFX $1 - 0.01 1:500
easyMarkets $100 6.1 0.01 1:400
AGEA $1 5.0 0.00001 1:500
eToro $200 8.3 0.1 1:400
City Index $250 - 0.01 1:30
Forex.com $250 6.4 0.1 1:200
Interactive Brokers $10,000 - 0.25 1:100
OANDA $1 6.4 0.00001 1:50
Saxo Bank $5,000 4.6 0.05 1:200
XTB $1 6.4 0.01 1:200
Finotec $200 - 0.1 1:200
FXCM $1 - 0.01 1:400
Real Trade $20 2.3 0.01 1:500
Questrade FX $1,000 - 0.1 1:200
IG $1 4.6 0.1 1:200
CMC Markets $1 - 0.0002 1:500
iFOREX (Vestle) $100 4.2 0.01 1:400
FIBOGroup $1 6.6 0.01 1:1000
FXDD $250 5.5 0.01 1:500
ActivTrades $100 7.4 0.01 1:400
GCI $500 7.0 0.1 1:100
DeltaStock $100 - 0.01 1:200
TradeView Forex $100 - 0.01 1:400
One Financial Markets $250 - 0.01 1:400
Ingot Brokers $100 - 0.1 1:100
Velocity Trade $1,000 - 0.01 1:200
ATC Brokers $5,000 - 1 1:200
Windsor Brokers $100 4.6 0.1 1:500
Finq (ex-ForexYard) $100 - 0.01 1:300
FOREX UKRAINE $200 5.5 0.1 1:100
FXCL $1 7.8 0.01 1:500
Admiral Markets $200 7.5 0.01 1:500
Bulbrokers $100 - 0.01 1:200
HMS Markets $5,000 - 0.01 1:50
FXCH $2,000 - 0.1 1:500
Advanced Markets $2,500 - 0.1 1:50
AL Trade $20 4.0 0.01 1:500
PFD $1 - 0.01 1:300
UFX $100 6.6 0.01 1:200
RFXT $1 - 0.01 1:100
Citypoint Trading $500 - 0.1 1:100
ForexCT $500 - 0.025 1:400
Renesource Capital $10 - 0.01 1:100
bforex $100 1.0 0.025 1:200
FXPCM (ex-PCM Brokers) $100 - 0.01 1:500
FXGM $200 - 0.1 1:400
AAAFx $300 3.0 0.01 1:30
ICM Brokers $300 - 0.01 1:400
Markets.com $100 4.7 0.01 1:200
HotForex $50 8.9 0.01 1:1000
Spread Co $160 - 1 1:10
Pepperstone $200 6.5 0.01 1:400
AccentForex $10 8.6 0.01 1:500
Profiforex $1 7.4 0.01 1:500
FXOptimax $10 5.5 0.01 1:500
Real-Forex $2,000 - 0.01 1:100
Synergy FX $500 - 0.01 1:500
Trader's Way $1 7.3 0.01 1:1000
VertiFX $500 - 0.1 1:200
IC Markets $200 7.6 0.01 1:500
Grand Capital $10 6.5 0.01 1:500
Axiory $500 - 0.01 1:400
FXFlat $500 - 0.01 1:400
DF Markets $1 - 0.01 1:200
Abshire-Smith $500 - 0.1 1:200
Larson & Holz IT $250 - 0.01 1:500
ICM Capital $200 - 0.01 1:200
IFC Markets $1 8.7 0.001 1:400
NordFX $10 7.0 0.01 1:1000
MahiFX $1 - 0.00001 1:100
AxiTrader $200 6.4 0.01 1:400
Blackwell Global $10,000 - 0.01 1:30
TradingForex.com $50 - 0 1:500
ThinkMarkets $250 2.8 0.01 1:400
NetoTrade $500 - 0.01 1:400
FxNet $50 7.0 0.01 1:500
GAINSY $10 9.1 0.01 1:500
NatureForex $20 - 0.01 1:500
Vector Securities $20 - 0.01 1:500
Tallinex $100 - 0.01 1:1000
UMOFX $1 1.0 0.01 1:500
Weltrade $25 10 0.01 1:500
GBE brokers $1,000 5.5 0.01 1:500
Forex Optimum $10 8.6 0.01 1:500
Euro Pacific Bank $2,500 - 0.01 1:100
Traders Trust $50 - 0.01 1:500
Price Markets $0.01 - 0.1 1:300
XGLOBAL Markets $1 - 0.01 1:200
NSFX $300 8.5 0.01 1:200
Core Liquidity Markets $100 - 0.01 1:500
USGFX $100 - 0.01 1:500
Swissquote $1,000 - 0.1 1:100
Hirose Financial UK $1 - 0.0001 1:330
JustForex $1 8.5 0.01 1:3000
TenkoFX $10 9.0 0.01 1:500
TMS Brokers $1,000 - 0.01 1:200
Invast Financial Services $100 - 0.01 1:400
xCFD $100 4.4 0.01 1:100
Hantec Markets $1,000 - 0.01 1:200
Direct FX $500 - 0.1 1:200
Darwinex $500 - 0.01 1:200
FirewoodFX $10 7.0 0.01 1:1000
Vinson Financials $200 8.4 0.1 1:500
Cornèr Trader $1 - 0.01 1:200
ETX Capital $100 - 0.01 1:400
HiWayFX $20 7.0 0.01 1:500
GDMFX $100 - 0.01 1:500
Forexite $1 - 0.0001 1:100
Tickmill $100 8.0 0.01 1:500
FX Choice $100 - 0.01 1:200
Key To Markets $100 - 0.01 1:500
WesternFX $50 - 0.01 1:500
NewForex $1 7.8 0.01 1:1000
Forex.ee $10 - 0.01 1:500
Trust Capital $10,000 - 0.1 1:400
LCG $33.33 - 0.1 1:300
10Markets $200 7.7 0.01 1:500
PhillipCapital $200 - 0.01 1:200
Valutrades $100 - 0.01 1:400
NAS Broker $50 7.0 0.01 1:1000
Tradeo $250 - 0.01 1:200
FXPRIMUS $250 - 0.01 1:500
MTrading $100 10 0.01 1:1000
ADS Prime $200 - 0.01 1:500
FXGlobe $250 - 0.01 1:500
Capital Index $100 - 0.02 1:200
TrioMarkets $500 6.4 0.01 1:300
Bolmax Management $100 8.7 0.1 1:100
FinPro Trading $5 9.0 0.01 1:300
FxGrow $100 8.7 0.01 1:300
Core Spreads $1 - 0.01 1:240
Alvexo $500 - 0.01 1:400
WSSolution $250 8.3 0.01 1:400
ForexMart $1 4.4 0.01 1:1000
Trade12 $250 8.0 0.01 1:400
Kawase $1 - 0.01 1:100
LMFX $50 8.7 0.01 1:1000
OneTrade $500 - 0.01 1:100
Trade360 $1,000 - 0.01 1:200
Vipro Markets $25 8.2 0.01 1:500
StoxMarket $1,000 1.0 0.01 1:500
Titan FX $200 - 0.01 1:500
ForexChief $100 8.9 0.01 1:400
VARIANSE $500 - 0.01 1:100
CM Trading $250 8.7 0.01 1:200
FCI Markets $1 - 0.01 1:100
SuperForex $1 8.1 0.01 1:1000
AAATrade $500 10 0.01 1:200
Xtrade $100 - 0.01 1:400
Atiora $1 - 0.01 1:1000
TempleFX $50 - 0.01 1:400
Trade Fintech $250 8.9 0.01 1:200
Hamford Capital (ex-ECN PRIME) $25 - 0.01 1:1000
JCMFX $10 - 0.01 1:1000
FX Giants $100 - 0.01 1:500
Milton Markets $250 - 0.01 1:800
Hydra Markets $100 - 0.01 1:1000
Adamant Finance $1 - 0.01 1:500
JFD Brokers $500 7.0 0.01 1:400
BDSwiss $200 - 0.01 1:400
Land-FX $300 9.3 0.01 1:500
Formax $1,000 - 0.01 1:200
CIBFX $500 7.1 0.01 1:200
LQDFX $20 8.9 0.01 1:500
TegasFX $200 - 0.01 1:200
CFDTimes $50 - 0.01 1:500
FP Markets $100 - 0.01 1:500
Fortrade $500 - 0.01 1:200
1Broker BTC0.01 - 0.01 1:200
STO $100 - 0.01 1:500
Turnkey Forex $5 9.0 0.01 1:200
Financial Spreads $1 - 0.01 1:200
NTFX $30 - 0.01 1:500
TryMarkets $500 - 0.01 1:500
CMS Trader $500 - 0.01 1:400
Circle Markets $100 - 0.01 1:500
ayondo $100 - 0.01 1:200
Ally Invest $1 - 0.01 1:50
FXPIG $500 - 0.01 1:400
TradeCMX $50 - 0.01 1:500
Global Prime $500 - 0.01 1:200
TriumphFX $100 - 0.01 1:500
Tifia $100 - 0.01 1:1000
ETFX $500 - 0.01 1:200
Swiss Markets $200 - 0.01 1:500
ForexGrand $250 - 0.01 1:300
FXB Trading $25 7.8 0.01 1:500
World Forex $1 - 0.01 1:500
Markets Cube $5,000 - 0.01 1:100
Global Market Index $100 - 0.01 1:200
CrescoFX $10,000 - 0.1 1:500
EBH Forex $100 - 0.01 1:30
Markets Invest $250 - 0.01 1:1000
ATFX $200 - 0.01 1:30
AMEGA $1 - 0.01 1:1000
Fullerton Markets $200 - 0.01 1:500
Big Boss $1 - 0.01 1:555
Capital Street FX $100 - 0.01 1:3500
ETO Markets AUD200 - 0.01 1:400
Equiti Global Markets $500 - 0.01 1:500
Coinexx $7 10 0.01 1:500
JAFX $5 - 0.01 1:500
24option $100 - 0.01 1:400
Alfa-Forex $1 6.9 0.01 1:100
Boston Merchant Financial $50 6.1 0.01 1:400
Dukascopy $100 4.9 0.001 1:200
EverFX $250 - 0.01 1:500
Evolve Markets $1 - 0.01 1:500
FBS $1 4.4 0.01 1:3000
FreshForex $200 8.4 0.01 1:1000
GOMarkets $500 4.6 0.001 1:500
HYCM $50 7.8 0.02 1:325
Libertex $1 6.7 0.01 1:600
OctaFX $100 6.7 0.01 1:500
Orbex $500 7.8 0.01 1:500
PaxForex $10 9.3 0.01 1:500
Plus500 $100 4.2 0.005 1:50
TFI Markets $50 - 0.01 1:500
TurboForex $50 1.0 0.01 1:500
Vantage FX $100 6.3 0.01 1:500
XM.COM $5 4.9 0.01 1:888
Alpari $1 4.5 0.01 1:1000
Fort Financial Services $5 9.2 0.01 1:1000
FxPro $100 7.5 0.01 1:50
Imperial Global Markets $1,000 10 0.01 1:100
MEX Group $1 - 0.01 1:500
GKFX $1 7.8 0.01 1:400
WCX BTC1 - 0.01 1:300
TradeFW $250 - 0.01 1:30
UBFX $200 - 0.01 1:400

Choosing a Forex broker?

Speculative currency trading through a retail FX broker is not the only way to participate in the foreign exchange market. You should be considering to open an account with one of the online Forex brokers if:

  • You are totally OK with Internet-based trading.
  • You do not mind accepting electronic terms of service instead of signing lengthy paper contracts.
  • You wish to be able to trade with offshore FX brokers (however, we still advise to go with a regulated company).
  • Diversity of choices is more important to you than a personal contact with your brokerage.
  • You are interested in being a day trader or scalper.
  • You want to work via state-of-the-art trading software at no additional cost.
  • You would like to have hundreds of currency pairs and CFDs at your disposal.

If you are not interested in the above-listed features, you may consider contacting your local bank or joining a currency futures exchange (e.g., the IntercontinentalEchange). However, their requirements to customers are usually much stricter than those of online Forex brokers. In addition, their trading conditions may not be as favorable as those of the brokers listed in the table above.