How to find the best forex broker?

    Finding the best forex broker for your needs takes some research. Hundreds of online brokerage firms now compete for your account, so plenty exist to choose from. Check out our recommended top list below.

Finding the best forex broker that has a fast execution capability, a reliable trading platform and which can be trusted with your account deposit might be the first things you will want to assure yourself of. Other sweeteners can include account opening bonuses and other features like mobile trading and SMS market alerts.

Basically, you want a forex broker you can trust to handle your money and your trades so that you can get on with the business of trading forex without worries. Anyway, to make the process of finding a broker simpler, the list above covers most of the key comparison points between forex brokers so that you can be better prepared for a successful search.

In the end of this page you will find many more brokers that did not make the top list, you can still read our reviews of them and give your comments on them or share your experience from them.

But first we will go through some of the criteria and features you should look for when searching for the best forex broker for you.

ICMarkets.com
ICMarkets.com
Established Regulations Trading Platforms Bonus
2007 ASIC, FSA cTrader, MT5, Zulutrade None
Regulators ASIC #AFSL No. 335692
CySEC #362/18
FSA-S #SD018
Minimum Trade Size 0.01 lot
Mobile Trading: Android, iOS
Web Trading No
Asset Coverage Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures
Trading Desk Type ECN, STP
Funding Methods Credit Card, Neteller, PayPal, Webmoney, Wire Transfer
Headquarters International Capital Markets Pty Ltd Level 6 309 Kent Street Sydney NSW 2000, Australia

IC Markets was founded in Sydney, Australia in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the Seychelles Financial Services Authority (FSA). According to the broker's website, they processed $646 billion worth of trading volume in April 2020 alone.

XM.com
XM.com
Established Regulations Trading Platforms Bonus
2015 CySEC, FCA, ASIC MT4, MT5 50% and 20% deposit bonus up to $,5000
Regulators ASIC #443670
IFSC #IFSC/60/354/TS/18
CySEC #120/10
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Currencies, Commodities, Indices, Stocks
Trading Desk Type ECN, STP
Funding Methods Credit/ Debit Card, bank wire transfer, local bank transfer, Neteller, Moneybookers Skrill, etc
Headquarters 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

XM was founded in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the International Financial Services Commission of Belize (IFSC).

EasyMarkets.com
EasyMarkets.com
Established Regulations Trading Platforms Bonus
2001 ASIC, CySEC, BVI, FSC MT4, MT5, easyMarkets App, easyMarkets Web Platform 50% Deposit Bonus
Regulators ASIC #246566
CySEC #079/07
BVI
FSC
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Currencies, Commodities, Indices, Crypto, Futures, Options
Trading Desk Type Market Maker
Funding Methods Credit Card, Neteller, Skrill, Webmoney, Wire Transfer
Headquarters P.O. Box 53742 Limassol 3317, Cyprus

EasyMarkets is an online forex/CFD broker that began operations in 2001 as Easy-forex. The company rebranded to 'easyMarkets' in 2016. The headquarters is located in Majuro, Marshall Islands while other offices are located around the world.

FBS.com
FBS.com
Established Regulations Trading Platforms Bonus
2009 CySEC, IFSC MT4, MT5 100% Deposit Bonus
Regulators IFSC #IFSC/60/230/TS/18
CySEC #331/17
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage CFDs, ETFs, Forex, Cryptocurrency, Shares, Commodities, Indices
Trading Desk Type ECN, No dealing desk, STP
Funding Methods Credit Card, Neteller, PerfectMoney, Skrill, Wire Transfer
Headquarters No.1 Orchid Garden Street, Belmopan, Belize

FBS, or Financial Brokerage Services, is predominantly an Asian Forex broker that has its offices in China, Malaysia, Philippines, Indonesia, Jordan, Vietnam, and Russia.

OctaFX.com
OctaFX.com
Established Regulations Trading Platforms Bonus
2011 CySEC, FCA, IFSA, IBC MT4 50% Deposit Bonus
Regulators CySEC #372/18
SVGFSA #19776
Minimum Trade Size 0.01
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Currencies, Commodities, Indices, Crypto
Trading Desk Type ECN, STP
Funding Methods Credit Card, Cryptocurrencies, FasaPay, Neteller, Skrill
Headquarters Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent And Grenadines

OctaFX was founded in 2011 and offers Forex ECN trading, as well as CFD trading on Indices, Metals and Cryptocurrencies, across the MetaTrader and cTrader suite of trading platforms for Windows Desktop, Web (Windows and Mac) and Mobile (Android and iOS), as well as their own OctaFX Trading App.

Hotforex.com
Hotforex.com
Established Regulations Trading Platforms Bonus
2010 CySEC, DFSA, FCA MT4, MT5 100% Deposit Bonus
Regulators CySEC #183/12
FSC Mauritius #C110008214
SVGFSA #22747 IBC 2015
FSA-S #SD015
FSCA #46632
DFSA # F004885
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Currencies, Commodities, Indices, Stocks, Bonds, Crypto
Trading Desk Type

ECN, STP

Funding Methods Wire, Visa, MasterCard, Maestro, WebMoney, Skrill, NetTeller, mybitwallet, etc.
Headquarters Spyrou Kyprianou 50, Irida 3 Tower, 10th Floor, Larnaca 6057, Cyprus

The HotForex brand is owned by the “HF Markets Group” and was founded in 2010 in St. Vincent and the Grenadines. HF Markets Group encompasses the HotForex and HF Markets brands, and the following specifications are applicable only to HF Markets (SV) Ltd. The Head office is located in Cyprus while another office is in Kingston, St. Vincent & the Grenadines.

Axi.com
Axi.com
Established Regulations Trading Platforms Bonus
2007 ASIC, DFSA, FCA, FSCL MT4 100% Deposit Bonus
Regulators ASIC, FMA, DFSA, FCA
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Forex, CFD, Crypto
Trading Desk Type No dealing desk, STP
Funding Methods redit/Debit Cards ,Wire Transfer ,Skrill ,Neteller ,Global Collect ,BPAY ,China UnionPay
Headquarters Level 10, 90 Arthur Street, North Sydney, 2060, Australia

AxiTrader is an online Forex/CFD broker, which was founded way back in 2007, in Australia. Being well over a decade old is not the main selling point of the operation however.

Tickmill.com
Tickmill.com
Established Regulations Trading Platforms Bonus
2014 BaFin, CySEC, FCA, FSA MT4 $30 Welcome Bonus
Regulators CySEC #278/15
FSA-S #SD 008
FCA #717270
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage CFDs, ETFs, Forex, Cryptocurrency, Shares, Commodities, Indices
Trading Desk Type Market Maker, No dealing desk, STP
Funding Methods Bank Transfer, Visa, MasterCard, Skrill, Neteller, fasapay, UnionPay, dotpay, NganLuong.vn, Qiwi Wallet, Thai online bank transfer, Globepay, Vietnam Instant Online Bank Transfer, Paysafe
Headquarters 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles

Tickmill's business model is that of an NDD broker – that means a Non-Dealing Desk broker. Rather than taking on the other side of the trades themselves they pass them on to third party liquidity providers, who provide the liquidity and take the exposure. This means that Tickmill never has a conflict of interest with their clients.

Forextime.com
Forextime.com
Established Regulations Trading Platforms Bonus
2011 CySEC, FCA, FSC, FSCA MT4, MT5 $100 No Deposit Bonus
Regulators CySEC # 185/12
FSC Mauritius #C113012295
FSCA #FSP No.46614
FCA #777911 / 600475
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Currencies, Commodities, Indices, Stocks, Crypto
Trading Desk Type ECN, STP
Funding Methods Credit Card, Cryptocurrencies, Maestro, Neteller, QIWI
Headquarters FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

FXTM is also known as ForexTime, and commenced operations in 2011 from its de facto headquarters in Limassol, Cyprus. Since then, FXTM has achieved rapid global expansion, driven primarily by its desire to serve specific local markets with strong FX demand.

Valutrades.co.uk
Valutrades.co.uk
Established Regulations Trading Platforms Bonus
2012 FCA MT4, MT5, Hummingbird, Web Trader None
Regulators FCA #586541
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Forex, CFD, Commodities
Trading Desk Type Market Maker, No dealing desk, STP
Funding Methods Wire, credit card, MoneyBookers, Webmoney, NetTeller, etc.
Headquarters G03, 135 Macquarie Street, Sydney, NSW 2000, Australia

Valutrades is a UK subsidiary of Indonesian Forex broker Monex Investindo Futures, operating under the license and supervision of Indonesia's commodity futures trading regulatory agency.

GKFXprime.com
GKFXprime.com
Established Regulations Trading Platforms Bonus
2014 FCA MT4, MT5 None
Regulators BVI FSC #SIBA/L/1066
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Forex, CFD, Commodities
Trading Desk Type Market Maker, No dealing desk, STP
Funding Methods Bank Wire, VISA, MasterCard, American Express, FasaPay, Jeton, Maestro, Neteller, SOFORT, UnionPay, WebMoney
Headquarters Craigmuir Chambers P.O Box 71, Road Town, Tortola, Virgin Islands, British

GKFX is a young and distinguished broker on the Asian market winning many of the most respected industry awards - the first coming only a year after their launch. They offer massive leverage of up to 1:1000, no minimum deposits for new traders and a big focus on integrity and quality service to their clients.

EightCap.com
EightCap.com
Established Regulations Trading Platforms Bonus
2009 ASIC, VFSC MT4, MT5 50% and 20% deposit bonus up to $,5000
Regulators ASIC #391441
VFSC #40377
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Currencies, Commodities, Indices, Stocks
Trading Desk Type No dealing desk
Funding Methods Credit Card, Skrill, Wire Transfer
Headquarters 360 Collins Street Level 6, Melbourne, Australia

Eightcap was originally established in 2009 as an Australian regulated MT4 broker. It underwent significant changes during 2014/2015 with a management change and additional capital investment. additional offices were opened in London and Shanghai to complement their head office which is located in Melbourne.

EXNESS.com
EXNESS.com
Established Regulations Min Deposit Max Leverage
2008 CySEC, FCA $1 1:2000
Regulators CySEC #178/12
FSA-S #SD 025
FCA #730729
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Currencies, Crypto
Trading Desk Type N/A
Funding Methods Credit Card, Local Transfer, Neteller, Skrill, Wire Transfer
Headquarters Siafi 1,PORTO BELLO Building, Flat 401,3042, Limassol, Cyprus

Launched in 2008, the Exness Group is a true veteran of the online FX/CFD industry. Its reach extends to most of the world. It currently maintains offices in three different locations, where the brand is represented by three different corporate entities.

Alpari.com
Alpari.com
Established Regulations Min Deposit Max Leverage
1998 FSC $5 1:500
Regulators FSC
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Currencies, Commodities, Indices, Stocks, Crypto, Mutual Funds
Trading Desk Type ECN, No dealing desk, STP
Funding Methods Credit Card, Cryptocurrencies, FasaPay, Moneybookers
Headquarters Kingstown, Saint Vincent and the Grenadines

Alpari is one of the largest Forex brokers that acquired experience over the years of operation, while was founded in 1998 by three partners in Russia that started from zero, passed through all complications, crises and managed to become a global trading company.

NordFX.com
NordFX.com
Established Regulations Min Deposit Max Leverage
2008 CySEC, SEBI, VFSC $10 1:1000
Regulators CySEC, SEBI, VFSC
Minimum Trade Size 0.01 lot
Mobile Trading: Yes
Web Trading Yes
Asset Coverage Currencies, Commodities, Indices, Stocks, Crypto, Mutual Funds
Trading Desk Type ECN, No dealing desk, STP
Funding Methods Credit Card, Cryptocurrencies, FasaPay, Moneybookers
Headquarters NFX CAPITAL VU INC, VANTU HOUSE 133 SANTINA PARADE, ELLUK, PORT VILA, EFATE, Vanuatu

NordFX is a Forex and CFD broker which was founded in 2008. The broker is a brand name of NFX Capital VU Inc and holds a financial regulatory licence from the Vanuatu Financial Services Commission of Vanuatu.

Activtrades.com
Activtrades.ltd
Established Regulations Trading Platforms Bonus
2001 FCA, SCB MT4、MT5、ActivTrader、MAAM None
Regulators FCA #434413
SCB
Minimum Trade Size 0.01 lot
Mobile Trading: Android, iOS
Web Trading No
Asset Coverage Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures
Trading Desk Type ECN, STP
Funding Methods Credit Card, Neteller, PayPal, Webmoney, Wire Transfer
Headquarters International Capital Markets Pty Ltd Level 6 309 Kent Street Sydney NSW 2000, Australia

ActivTrades is a global forex broker founded in 2001. It is regulated by the UK's Financial Conduct Authority (FCA) and Commission de Surveillance du Secteur Financier (CSSF)

Windsorbrokers.com
Windsorbrokers.com
Established Regulations Trading Platforms Bonus
1988 FSC, CYSEC, JSC, FSA, CMA MT4 None
Regulators CySEC #030/04
FSA-S #SD072
Minimum Trade Size 0.01 lot
Mobile Trading: Android, iOS
Web Trading No
Asset Coverage Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures
Trading Desk Type ECN, STP
Funding Methods Credit Card, Neteller, PayPal, Webmoney, Wire Transfer
Headquarters International Capital Markets Pty Ltd Level 6 309 Kent Street Sydney NSW 2000, Australia

Windsor Brokers was established as an investment firm in 1988. The company has two arms: Belize-based Windsor Brokers (BZ) Ltd, regulated by the International Financial Services Commission and the Jordan Securities Commission, and Cyprus-based Windsor Brokers Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC).