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, FX brokerage companies would also offer education, bonuses, trade copying, and other resources and tools.

Finding the best Forex broker among hundreds of online currency trading 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 233 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 $10 8.7 0.01 1:1000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • WebTrader
  • Countries
    BZ CY GB MU ZA
  • Regulation
    • CySEC, 185/12
    • FCA (UK), 777911
    • FSC (Mauritius), C113012295
    • FSCA (South Africa), 46614
Forex.com $250 6.4 0.1 1:200
  • Platforms
    • MetaTrader 4
    • DealBook 360
    • FOREXTrader PRO
    • Forex.com Website Trading
  • Countries
    AU GB US
  • Regulation
    • CFTC/NFA, 0339826
    • FCA (UK), 190864
    • FSA (Japan), 1539
    • IIROC, May 10, 2012
RoboForex $1 4.9 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • cTrader
    • WebTrader
    • R Trader
  • Countries
    CN CZ EG GB HK ID LT LV MD MY NZ RO RU TH TW
  • Regulation
    • CySEC, 191/13
    • FSCL (New Zealand), 4148
    • FSP (New Zealand), 246525
    • IFSC (Belize), IFSC/60/271/TS/14
    • NBRB (Belarus), 15
FXGlory $1 7.3 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • WebTrader
  • Countries
    AE CH CY GB VC
  • Regulation
AAFX Trading $100 9.1 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • Web Trading
    • WebTrader
  • Countries
    AE AU HK MY NZ QA SA US VC
  • Regulation
    • ASIC, 4240010
    • FSA (St. Vincent & the Grenadines), 22916 IBC
IQ Option $1 - 0.01 1:300
Exness $1 4.1 0.01 1:2000
FXOpen $1 8.3 0.001 1:500
AMarkets $1 7.4 0.01 1:1000
Binary.com $10 - 0.01 1:1000
Videforex $250 - 0.01 1:100
InstaForex $1 7.9 0.0001 1:1000
Forex4you $50 5.4 0.01 1:1000
LiteForex $50 5.4 0.01 1:500
AvaTrade $100 2.9 0.01 1:400
AGEA $1 5.0 0.00001 1:500
SimpleFX $1 - 0.01 1:500
easyMarkets $100 6.1 0.01 1:400
eToro $200 8.3 0.1 1:400
ForexMart $1 4.4 0.01 1:1000
City Index $250 - 0.01 1:30
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 1:30
Finotec $200 - 0.1 1:200
FXCM $1 - 0.01 1:400
Real Trade $20 2.3 0.01 1:100
Questrade FX $1,000 - 0.1 1:200
IG $1 4.6 0.01 1:200
CMC Markets $1 - 0.0002 1:500
iFOREX (Vestle) $100 4.2 0.01 1:30
FIBOGroup $1 6.6 0.01 1:1000
FXDD $250 5.5 0.01 1:30
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 1:30
Ingot Brokers $100 - 0.01 1:400
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 $100 - 0.01 1:300
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
PFD $1 - 0.01 1:300
UFX $100 6.6 0.01 1:200
RFXT $50 - 0.01 1:400
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 $100 - 0.01 1:500
FXGM $200 - 0.1 1:30
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 $5 7.8 0.01 1:1000
Spread Co $160 - 1 1:10
Pepperstone $200 6.5 0.01 1:500
AccentForex $10 8.6 0.01 1:500
Profiforex $1 4.2 0.01 1:500
FXOptimax $10 5.5 0.01 1:500
Trader's Way $1 7.5 0.01 1:1000
VertiFX $500 - 0.1 1:200
IC Markets $200 5.5 0.01 1:500
Grand Capital $10 6.4 0.01 1:500
Axiory $500 - 0.01 1:400
FXFlat $500 - 0.01 1:400
DF Markets $10 - 0.01 1:200
Abshire-Smith $500 - 0.1 1:200
Larson & Holz IT $250 - 0.01 1:500
ICM Capital $200 - 0.01 1:30
IFC Markets $1 8.4 0.001 1:400
NordFX $10 4.6 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
ThinkMarkets $250 2.8 0.01 1:500
FxNet $50 7.0 0.01 1:500
GAINSY $10 9.2 0.01 1:500
NatureForex $20 - 0.01 1:1000
Tallinex $100 - 0.01 1:1000
Weltrade $25 7.4 0.01 1:500
GBE brokers $1,000 5.5 0.01 1:500
Forex Optimum $1 8.1 0.01 1:1000
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 1:30
NSFX $300 8.5 0.01 1:30
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 1:30
JustForex $1 8.5 0.01 1:3000
TenkoFX $10 9.0 0.01 1:500
TMS Brokers $1,000 - 0.01 1:30
Invast Financial Services $100 - 0.01 1:400
xCFD $100 4.4 0.01 1:100
Hantec Markets $1,000 - 0.01 1:30
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
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 $25 - 0.01 1:500
Forex.ee $10 - 0.01 1:500
Trust Capital $10,000 - 0.1 1:400
LCG $33.33 - 0.1 1:500
PhillipCapital $200 - 0.01 1:200
Valutrades $100 - 0.01 1:400
Tradeo $250 - 0.01 1:200
FXPRIMUS $1,000 - 0.01 1:500
MTrading $100 7.4 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
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
Trade12 $250 7.8 0.01 1:400
Kawase $1 - 0.01 1:100
LMFX $50 8.5 0.01 1:1000
OneTrade $500 - 0.01 1:100
Trade360 $1,000 - 0.01 1:200
Titan FX $200 - 0.01 1:500
ForexChief $100 7.3 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 8.9 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
JCMFX $10 - 0.01 1:1000
FX Giants $100 - 0.01 1:30
Milton Markets $250 - 0.01 1:800
JFD Bank (ex - JFD Brokers) $500 7.0 0.01 1:400
BDSwiss $200 - 0.01 1:400
Land-FX $300 9.3 0.01 1:500
CIBFX $500 4.2 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 1:100
STO $100 - 0.01 1:30
Turnkey Forex $5 9.5 0.01 1:400
Financial Spreads $1 - 0.01 1:200
NTFX $5,000 - 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 $1,000 - 0.01 1:500
Global Prime $500 - 0.01 1:200
TriumphFX $100 - 0.01 1:500
Tifia $10 - 0.01 1:1000
Swiss Markets $200 - 0.01 1:500
ForexGrand $250 - 0.01 1:300
FXB Trading $250 7.8 0.01 1:500
World Forex $1 10 0.01 1:500
Markets Cube $5,000 4.0 0.01 1:100
Global Market Index $2,000 - 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 9.3 0.01 1:500
JAFX $10 - 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 9.2 0.01 1:1000
GOMarkets $200 5.1 0.001 1:500
HYCM $100 7.8 0.02 1:325
IronFX $100 2.6 0.01 1:30
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 8.7 0.0001 1:500
Plus500 $100 4.2 0.005 1:300
TFI Markets $50 - 0.01 1:500
TurboForex $50 1.0 0.01 1:500
Vantage FX $200 6.0 0.01 1:500
XM.COM $5 4.9 0.01 1:888
Alpari $1 4.5 0.01 1:1000
Fort Financial Services $1 8.2 0.01 1:1000
FxPro $100 8.9 0.01 1:50
Imperial Global Markets $1,000 8.9 0.01 1:100
MultiBank (ex-MEX Group) $50 - 0.01 1:500
GKFX $1 7.8 0.01 1:30
WCX BTC1 - 0.01 1:300
TradeFW $250 - 0.01 1:30
UBFX $1 - 0.01 1:400
FXLinked $10 - 0.1 1:400
RCPro $500 - 0.01 1:200
INFINOX $100 - 0.01 1:30
Fondex $1 - 0.01 1:30
One Global Market $10,000 - 0.01 1:30
SquaredDirect $200 - 0.01 1:30
FX Trading Pro $20 - 0.01 1:50
CapitalXP $250 - 0.01 1:100
GMO Trading $100 - 0.01 1:400
ACY Securities $100 - 0.01 1:500

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.

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.