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TOP FOREX BROKERS REVIEW

THE INTERNET'S MOST COMPREHENSIVE LIST OF ONLINE FOREX BROKERS AND FOREX REVIEWS. 

Best Online CFD Forex Brokers Platform Comparison 2022

Find the best CFD Forex Broker & Start trading Now!

Broker Advantages

This shows the available offer of each broker, T&C apply (special offers are subject to changes from time to time).

Asset
Type

The main asset classes you can trade CFD with. For example: Stocks, Currencies, Indices, ETFs, Options and Commodities.

Spreads
From

The difference between the BID & the ASK price quote for each broker's major trading instrument (asset). The spreads are shown according to conventional units. PU=Per Unit, Pts.= Points, Pips=The fourth decimal place(0.0001). Depend on the trading instrument and are constantly adjusted according to the market spread.

Max
Leverage

Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 contracts, but only pay the equivalent of 1 contract valuation.

User
Score
Regulation Start Trading
1

State of the art technology and award-winning support

Forex
Indices
Commodities
Metal
0 Pips
0.2 Pips
0.3 Pts
0 Pips
500:1
500:1
500:1
500:1
ASIC, CySEC
2

Access to deep liquidity

Forex
Indices
0 Pips
0.1 Pips
100:1
200:1
FCA, CySEC, FSCA, SCB
3

Welcome bonus

Forex
Crypto
0 Pips
0.1 Pips
200:1
200:1
FSC
4

Low forex fees

Stocks
Forex
0 Pips
0.1 pips
500:1
200:1
ASIC, CySEC, FSA, SCB
5

Instant deposit and withdrawal

Forex
Indices
0 Pips
0.2 Pips
1000:1
400:1
ASIC, CySEC, FSC
6

Webinars, educational materials, daily analytics

Forex
Indices
0 Pips
0.2 Pips
3000:1
33:1
CySEC
7

Advanced trading tools

Forex
Indices
0 Pips
0.1 Pips
1000:1
500:1
FCA, DFSA, FSCA, FSA, CMA
8

Zero commission

Forex
Indices
0 Pips
0.1 Pips
500:1
200:1
ASIC, FCA

CFDs trading is a speculative activity that investors can engage in to make profits from changes in the price of an asset. Traditional brokers are financial institutions that carry out this type of transaction through their own accounts, while “brokers” who let you trade CFDs on your behalf online are not technically brokers but simply provide a platform on which you can execute trades.

How to Compare CFD Brokers?

Comparing CFD brokers is quite simple if you know their differences and similarities. The following is a list of the main differences you will come across in your comparisons.

The Regulations

Regulations of a CFD broker are important because they will indicate what the broker is doing to protect the customer. A broker that does not go through strict quality controls has more risks than a broker with full and well-regulated operations. Furthermore, brokers that do not have perfect operational quality are more likely to commit fraud because they are less careful about complying with regulations and employing sound practices.

Service Charges

The service charges of a CFD broker are also very important when comparing them. Check the other broker’s service charges and find out what is included in the total payment and when it will be due. You also have to check if there are any other fees that you need to pay when dealing with the broker.

Spread Type Offered

The spreads offered by brokers depending on their market capitalization. Some of them offer better spreads than others due to their trading volume. If the broker does not have enough liquidity in their markets, they will decline your order or end up charging you a higher spread.

CFDs Offered

The CFDs may vary between brokers. Some brokers will offer more than others. Check into what the broker offers and compare it to other brokers that you are considering. This will give you a good idea if they have the type of market you are looking for.

Margin Requirement Level

A high margin requirement level is not a good thing because your trade options will be limited due to power and regulation limitations on margin trade. Therefore, this is one of the crucial factors you need to compare.

Trading Platforms

The trading platform offered by a CFD broker will also vary with their market capitalization and the other features they offer. Check into how they operate their platform and what security measures they have in place. Reviews from customers can be used to check if the platform is easy-to-use and has enough security for your money.

Slippage

Slippage is when the broker cannot execute your order as it is portrayed in their order book. Depending on which broker you use, they might have different limitations in place regarding the percentage of your order that might be lost in this way. So, check this when comparing CFD brokers.

With 10,000+ instruments, FP Market has been one of the top forex brokers in the industry since 2005. The broker offers favorable trading conditions, low spreads, popular trading platforms, fast order execution features, and more.

Score: 99

Pros

  • Excellent education tools
  • Low forex fees
  • Fast account opening
  • Easy funding methods

Cons

  • No bonuses

Operating in 170+ countries, FXPro offers forex pairs, futures, CFDs, stocks, and more. The company has received 85+ awards which include the “Best Trading Platform” award. On top of that, FXPro is well known for offering the best trading tools.

Score: 94

Pros

  • Excellent customer service
  • Free deposit and withdrawal
  • Negative balance protection
  • Wide range of platform

Cons

  • Inactivity fee
  • High Trading for some CFDs

Established in 2010, FXChoice is regulated by the International Financial Services Commission of Belize (FSC). The broker is popular in Western countries due to its customer-centric business integrity. You can get multiple account currencies from fiat to crypto.

Score: 92

Pros

  • Different passive income options
  • Discount on commissions for active traders
  • Positive price correction
  • Tight market spreads

Cons

  • Low leverage
  • Less research tools

This Australian-based forex broker is known for favorable trading conditions. They have a license from the Australian Financial Services License (AFSL) and the Australian Securities and Investment Commission (ASIC). Large options of instruments are another top feature.

Score: 91

Pros

  • Low forex fees
  • Fast order execution
  • Analytical training materials
  • 90+ instruments

Cons

  • Slow live chat support
  • Non-EU traders don’t get investor protection

Although the broker started with a narrow niche in 2009, XM has experienced considerable growth over the years. Now they are available in around 190 countries and have more than 5 million traders around the world.

Score: 90

Pros

  • Low withdrawal fees
  • Great educational tools
  • Wide range of leverage
  • Multilingual customer support

Cons

  • Non-EU traders don’t get investor protection
  • Lack of weekend customer support

Operating in more than 190 countries, FBS clients can trade forex, futures, indices, metals, exotic currencies, CFDs, and more. Founded in 2009 company has received more than 40 international awards for its excellent brokerage service around the world.

Score: 82

Pros

  • No withdrawal fee
  • Low stock and stock index CFD fees
  • Negative balance protection
  • No inactivity fee

Cons

  • Average forex CFD fees
  • No PAMM accounts

With 35 prestigious awards, the broker offers a wide selection of account types with a variety of trading instruments and high-quality software. With a solid list of tools, you can complete instant order execution in several conditions.

Score: 85

Pros

  • Low spread
  • Controlled by several regulators
  • Numerous deposit and withdrawal
  • Favorable trading conditions

Cons

  • Few account currencies
  • Only USD or EUR as base currencies

Founded in 2007 and Regulated by ASIC (Australian Securities and Investments Commission), FCA (UK Financial Conduct Authority), and DFSA (Dubai Financial Services Authority), Axi is one of the top reliable forex brokers in the world.

Score: 78

Pros

  • Automatic insurance coverage
  • Low entry threshold
  • Fully digital account opening
  • Low forex fees

Cons

  • Limited research tools
  • Only forex and CFD trading
Top Forex Brokers Review
Top Forex Brokers Review
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