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

What is the most legit forex broker? ›

Best Forex Trading Platforms

Saxo - Best VIP client experience.
IG - Most trusted, great for beginners.
CMC Markets - Best platform technology.
Interactive Brokers - Best for professionals.
Charles Schwab - Best desktop platform (U.S. only)
FXCM - Great for algorithmic traders.

More items...

Read On ›

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.

Discover More Details ›

What broker do professional forex traders use? ›

Best Forex Brokers

Best Overall, Best for Range of Offerings	CMC Markets
Best Forex Broker for Advanced Traders	Saxo Capital Markets
Best Forex Broker for Low Costs	XTB Online Trading
Best Forex Broker for U.S. Traders	IG
Best Forex Broker for Trading Experience	Pepperstone

1 more row

What is the most reliable broker? ›

Summary of the best brokers:

Fidelity Investments.
Interactive Brokers.
Webull.
Robinhood.
Charles Schwab.
E*TRADE.
J.P. Morgan Self-Directed Investing.
Public.

More items...

Jul 29, 2024

See Details ›

Are there fake forex brokers? ›

Key Takeaways. Many scams in the forex market are no longer as pervasive due to tighter regulations, but some problems still exist. A traditional scam is for forex brokers to offer wide bid-ask spreads on certain currency pairs, making it more difficult to earn profits on trades.

Find Out More ›

How do I choose a legit forex broker? ›

In this article, we look at five things to consider when choosing the broker that is right for you.

Regulatory Compliance. The first thing to check when selecting a forex broker is their reputation. ...
Account Features. ...
Currency Pairs Offered. ...
Customer Service. ...
Trading Platform.

Tell Me More ›

Which forex broker is legal in the USA? ›

Based on the CFTC's own data, the following brokers offer legal forex trading in the U.S.: tastyfx - Legally available to retail clients in the U.S. FOREX.com - Legally available to retail clients in the U.S. OANDA - Legally available to retail clients in the U.S.

Show Me More ›

Who is the most consistent forex trader? ›

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

Explore More ›

What are the top 10 regulated forex brokers in the world? ›

Exness, XM, JustMarkets, XTB, Pepperstone, AvaTrade, FxPro, Oanda, Swissquote, and HFM are among the top Forex brokers in the industry, offering a diverse range of trading platforms, tools, and services to cater to the varying needs of traders.

What broker do millionaires use? ›

Large financial firms, including Goldman Sachs and Morgan Stanley, offer prime brokerages. The minimum amount a client must have to use a prime broker is $500,000, though it's not uncommon for clients to have $50 million in assets.

Show Me More ›

Who is the number 1 online broker? ›

Summary: Best Online Brokerage

Company	Forbes Advisor Rating	BEST FOR
TD Ameritrade	4.4	Best Online Broker For Beginners And Best For Mobile App Users
Fidelity Investments	4.4	Best Online Broker For Everyday Investors
Charles Schwab	4.3	Best Online Broker For Customer Service
Tastytrade	3.9	Best Online Broker For Options Trading

1 more row

Jul 29, 2024

Read The Full Story ›

Which broker is best 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.

More items...

See Details ›

How do I know if a forex broker is legit? ›

How Do I Know If a Forex Broker Is Legit? You can ask the broker for their Retail Foreign Exchange Dealer (RFED) number. 10 You can also check with the National Futures Association or the Commodity Futures Trading Commission.

Get More Info Here ›

Which forex trading is legit? ›

Most Trusted Forex Brokers Comparison

Company	Trust Score	Publicly Traded (Listed)
IG	99	Yes
Brokers	99	Yes
Saxo	99	No
com	99	Yes

1 more row

What is the safest forex 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.

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