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 top 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 259 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
CedarFX $10 10 0.01 1:500
  • Platforms
    • MetaTrader 4
    • MetaTrader 4 Web (VPS)
  • Countries
    VC
  • Regulation
RoboForex $10 4.8 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • cTrader
    • WebTrader
    • R Trader
  • Countries
    BZ CN CZ EG GB HK ID LT LV MD MY NZ RO RU TH TW
  • Regulation
    • IFSC (Belize), 000138/107
Exness $1 7.4 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • Mobile Trading Platform
    • Web Trading
  • Countries
    CY GB SC
  • Regulation
    • CySEC, 178/12
    • FCA (UK), 730729
    • FSA (Seychelles), SD025
    • FSCA (South Africa), 51024
FXGlory $1 7.1 0.01 1:3000
  • Platforms
    • MetaTrader 4
    • WebTrader
  • Countries
    AE CH CY GB VC
  • Regulation
AAFX Trading $100 9.8 0.01 1:2000
  • Platforms
    • MetaTrader 4
    • MetaTrader 5
    • Web Trading
    • WebTrader
    • MetaTrader 4 Web (VPS)
  • Countries
    AE AU HK MY NZ QA SA US VC
  • Regulation
    • FSA (St. Vincent & the Grenadines), 22916 IBC
AMarkets $100 8.8 0.01 1:1000
Binary.com $1 - 0.01 1:1000
ForexMart $1 4.4 0.01 1:500
IQ Option $1 - 0.01 1:300
FXOpen $1 9.2 0.001 1:500
Forex4you $1 5.3 0.01 1:1000
InstaForex $1 5.8 0.0001 1:1000
AGEA $1 6.8 0.01 1:500
LiteForex $50 7.9 0.01 1:500
Videforex $250 - 0.01 1:100
AvaTrade $100 3.0 0.01 1:400
easyMarkets $100 6.1 0.01 1:400
FinmaxFX $250 - 0.01 1:200
Evolve Markets $1 - 0.01 1:1000
SimpleFX $1 10 0.01 1:500
Deriv $5 - 0.01 1:1000
Forex.com $250 6.0 0.1 1:200
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 $10,000 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
MaxiMarkets $500 6.1 0.1 1:200
Questrade FX $1,000 - 0.1 1:200
IG $1 4.0 0.01 1:50
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 7.2 0.01 1:400
GCI $500 7.0 0.1 1:400
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 0.01 1:500
Finq $100 - 0.01 1:300
FXCL $1 7.8 0.01 1:500
Admirals (ex-Admiral Markets) $100 7.5 0.01 1:500
Bulbrokers $100 - 0.01 1:200
HMS Markets $5,000 - 0.01 1:50
Advanced Markets $2,500 - 0.1 1:50
PFD $1 - 0.01 1:300
UFX $100 6.6 0.01 1:200
Royal (ex-RFXT) $50 - 0.01 1:30
CPT Markets $500 - 0.01 1:500
Renesource Capital $10 - 0.01 1:100
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
MARKETSX $100 4.9 0.01 1:300
HotForex $5 7.8 0.01 1:1000
Spread Co $160 - 1 1:10
Pepperstone $200 6.5 0.01 1:500
AccentForex $10 9.4 0.01 1:500
Profiforex $1 6.0 0.01 1:500
FXOptimax $10 5.5 0.01 1:1000
Synergy Markets (ex-Synergy FX) $100 - 0.01 1:500
Trader's Way $1 7.5 0.01 1:1000
IC Markets $200 5.3 0.01 1:500
Grand Capital $10 6.9 0.01 1:500
Axiory $50 - 0.01 1:777
FXFlat $200 - 0.01 1:400
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 9.2 0.001 1:400
NordFX $10 4.6 0.01 1:1000
Axi $1 6.4 0.01 1:400
Blackwell Global $1 - 0.01 1:200
ThinkMarkets $1 2.8 0.01 1:30
FxNet $50 7.0 0.01 1:500
Weltrade $25 8.0 0.01 1:500
GBE brokers $500 5.5 0.01 1:30
Forex Optimum $10 9.2 0.01 1:500
Euro Pacific Bank $2,500 - 0.01 1:100
Traders Trust $50 - 0.01 1:500
Price Markets $5,000 - 0.1 1:50
XGLOBAL Markets $500 - 0.01 1:30
NSFX $300 8.5 0.01 1:50
CLMarkets (ex-Core Liquidity Markets) $100 - 0.01 1:500
Swissquote $1,000 - 0.1 1:100
Hirose Financial UK $1 - 0.0001 1:30
TenkoFX $10 9.0 0.01 1:500
TMS Brokers $1,000 - 0.01 1:30
Invast Financial Services $100 - 0.01 1:400
Hantec Markets $1,000 - 0.01 1:30
Darwinex $500 - 0.01 1:200
FirewoodFX $10 7.0 0.01 1:1000
Cornèr Trader $1 - 0.01 1:200
ETX Capital $100 - 0.01 1:400
Forexite $1 - 0.0001 1:100
Tickmill $100 7.8 0.01 1:500
FX Choice $100 - 0.01 1:200
Key To Markets $100 - 0.01 1:500
WesternFX $25 - 0 1:500
Forex.ee $10 - 0.01 1:500
Trust Capital $10,000 - 0.1 1:400
LCG $10,000 - 0.1 1:200
PhillipCapital $200 - 0.01 1:200
Valutrades $100 - 0.01 1:400
Tradeo $250 - 0.01 1:30
FXPRIMUS $2,500 - 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 1:30
Bolmax Management $100 8.7 0.1 1:100
FxGrow $100 8.7 0.01 1:100
Core Spreads $1 - 0.01 1:240
Alvexo $500 - 0.01 1:400
Trade12 $250 7.8 0.01 1:400
LMFX $50 8.5 0.01 1:1000
OneTrade $500 - 0.01 1:100
Trade360 $500 - 0.005 1:200
Titan FX $200 - 0.01 1:500
ForexChief $50 9.6 0.01 1:1000
VARIANSE $500 - 0.01 1:100
CM Trading $250 8.7 0.01 1:200
FCI Markets $500 - 0.01 1:100
SuperForex $1 8.0 0.01 1:1000
Gerchik & Co $500 10 0.01 1:100
AAATrade $500 9.0 0.01 1:200
Xtrade $100 - 0.01 1:400
JCMFX $10 - 0.01 1:1000
FX Giants $100 - 0.01 1:30
Milton Markets $300 - 0.01 1:1000
JFD Bank $500 7.0 0.01 1:400
BDSwiss $100 - 0.01 1:400
Land-FX $300 9.1 0.01 1:500
CIBFX $500 5.1 0.01 1:200
LQDFX $20 8.0 0.01 1:500
TegasFX $200 - 0.01 1:200
CFDTimes $5 - 0.01 1:500
FP Markets $100 - 0.01 1:500
Fortrade $500 - 0.01 1:100
Turnkey Forex $5 8.9 0.01 1:400
Financial Spreads $1 - 0.01 1:200
TryMarkets $500 - 0.01 1:500
CMS Trader $500 - 0.01 1:400
Ally Invest $1 - 0.01 1:50
FXPIG $500 - 0.01 1:400
TradeCMX $1,000 - 0.01 1:500
Global Prime $200 - 0.01 1:200
TriumphFX $100 - 0.01 1:500
Tifia $10 - 0.01 1:1000
Swiss Markets $200 - 0.01 1:500
FXB Trading $250 5.5 0.01 1:500
World Forex $1 10 0.01 1:500
Global Market Index $2,000 - 0.01 1:200
CrescoFX $10,000 - 0.1 1:500
EBH Forex $100 - 0.01 1:30
ATFX $200 - 0.01 1:30
AMEGA $1 7.8 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 8.2 0.01 1:500
JAFX $10 - 0.01 1:500
24option $100 - 0.01 1:400
Alfa Capital (ex-Alfa-Forex) $1 7.4 0.01 1:100
Alpari $1 4.7 0.01 1:1000
Boston Merchant Financial $50 5.5 0.01 1:400
CryptoRocket $10 - 0.01 1:500
Dukascopy $100 4.6 0.001 1:200
EagleFX $10 9.7 0.01 1:500
eToro $200 8.5 0.1 1:400
EverFX $250 - 0.01 1:500
FBS $1 5.7 0.01 1:3000
FreshForex $200 8.7 0.01 1:2000
FXTM $10 8.5 0.01 1:2000
GOMarkets $200 5.1 0.001 1:500
HYCM $100 9.3 0.01 1:325
IronFX $100 4.5 0.01 1:30
JustForex $1 8.4 0.01 1:3000
Libertex $1 6.2 0.01 1:600
OctaFX $100 6.7 0.01 1:500
Orbex $200 7.8 0.1 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 $250 1.0 0.01 1:500
Vantage FX $200 6.0 0.01 1:500
XM (ex-XM.COM) $5 5.2 0.01 1:888
Fort Financial Services $5 8.5 0.01 1:1000
FxPro $100 9.2 0.01 1:50
MultiBank $50 - 0.01 1:500
GKFX $200 7.8 0.01 1:30
Trade8 (ex-WCX) BTC0 - 0.001 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 $250 9.2 0.01 1:30
One Global Market $10,000 - 0.01 1:30
SquaredFinancial (ex-SquaredDirect) $1 - 0.01 1:30
FX Trading Pro $20 - 0.01 1:50
ROinvesting $100 - 0.01 1:400
ACY Securities $100 - 0.01 1:500
Blueberry Markets $100 - 0.01 1:500
Credit Financier Invest $1 - 0.01 1:30
TradeLTD $200 - 0.01 1:200
Olymp Trade $2 10 0.01 1:500
TIOmarkets $1 - 0.01 1:200
LegacyFx $500 - 0.01 1:200
PrimeXBT BTC1 - 0.01 1:1000
Just2Trade $100 - 0.01 1:500
XBTFX $1 10 0.01 1:500
Purple Trading $100 - 0.01 1:30
AMP Global $100 - 0.01 1:50
Invest100 $250 - 0.01 1:400
CMS Prime $1,000 - 0.01 1:500
eXcentral $250 - 0.01 1:30
Scandinavian Capital Markets $10,000 - 0.01 1:100
Dizicx $25 - 0.01 1:400
VPFX $100 10 0.01 1:500
Juno Markets $100 - 0.01 1:500
FXGate $100 - 0.01 1:100
Eightcap $100 - 0.01 1:500
FxView $1 - 0.01 1:500
M4Markets $5 - 0.01 1:1000
Skilling $100 - 0.01 1:500
SFEX $1,000 - 0.01 1:200
streamsfx $500 - 0.01 1:30
Yadix $20 - 0.01 1:500
NAGA $250 - 0.01 1:500
Axes $500 - 0.01 1:500
Anzo Capital $100 - 0.01 1:1000
Streams $100 - 0.01 1:500
LonghornFX $10 - 0.01 1:500
EuropeFX $1,000 - 0.01 1:30
TradeATF $100 - 0.01 1:500
BlackBull Markets $200 - 0.01 1:500
SmartFX $200 10 0.01 1:400
Forex24 $2,000 - 0.01 1:400
ForexTB $250 - 0.01 1:30
Ubrokers $250 - 0.01 1:30
Investous $250 - 0.01 1:500
Blaze Markets $100 - 0.01 1:200
CryptoGT $5 - 0.01 1:500
FXGT $10 - 0.01 1:500
HFTrading $300 - 0 1:400
XtreamForex $5 - 0.01 1:1000
Trading 212 $10 - 0.01 1:30
Moneta Markets $50 - 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 top 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.