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TOP FOREX BROKERS REVIEW

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

author Written by
Rex John Walsh
author Fact checked by
Sangram Mohanta

Last Updated on June 1, 2024 by TOP FOREX BROKERS REVIEW

Best Forex Broker Comparison 2024

Find the best forex broker comparison in 2024. With our deep research, we found the best forex broker like BlackBull Markets, Eightcap, Octa, FP Markets, DNA Markets and IC Markets on our forex broker comparison list based on lowest spreads, no deposit and withdrawal fees, trading platforms, fast execution, and high-quality customer support. Start your trading now with the best forex broker.

BlackBullEightcapOctaFP MarketsDNA MarketsIC Markets

Best ECN Forex Brokers - Best Forex Brokers in the World 2024
Find the best ECN Forex Broker & Start trading instantly!

RANK VISIT
BROKER
REGULATION

We only list licensed brokers that comply with the requirements of prominent regulatory agencies.

MIN
DEPOSIT

The minimum amount you need to deposit in order to start trading.

DEPOSIT
BONUS
RATING 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 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.

PAYMENT
SYSTEM
SUPPORT START
TRADING
1
ASIC, CySEC, FSP
$100
No Bonus
1:500

Telephone: +44 28 2544 7780

image
Pros
  • Excellent education tools
  • Low forex fees
  • Fast account opening
  • Easy funding methods
Cons
  • No bonuses
Platforms & Devices
2
FSA, FMA
$0
No Bonus
1:500

Telephone:

image
Pros
  • 9 base currencies
  • 24/7 technical service
  • Direct market access
  • VPS, FIX API, copy trading
  • Superior trading conditions
Cons
  • No negative balance protection
  • Withdrawal fees
Platforms & Devices
3
ASIC, FCA, CySEC, SCB
$100
No Bonus
1:500

Telephone:

image
Pros
  • Fully digital account opening
  • Low forex fees
  • Research tools
  • Free Education Resources
Cons
  • No bonuses
Platforms & Devices
4
CySEC, FSCA
$25
50% Deposit Bonus
1:500

Telephone:

image
Pros
  • Ultra-low spreads
  • Quick withdrawals and deposits
  • 24/7 online support
  • Negative balance protection
Cons
  • Mobile copy trading services available only for Android

Platforms & Devices
5
FCA, CySEC, FSCA, SCB
$100
No Bonus
1:100

Telephone: +44 (0) 203 151 5550

image
Pros
  • Excellent customer service
  • Free deposit and withdrawal
  • Negative balance protection
  • Wide range of platform
Cons
  • Inactivity fee
  • High Trading Fees for some CFDs
Platforms & Devices
6
AFSL
$100
No Bonus
1:500

Telephone:

image
Pros
  • All base currencies
  • 24/7 technical service
  • Direct market access
  • Superior trading conditions
Cons
  • No negative balance protection
Platforms & Devices
7
ASIC, CySEC, FSA, SCB
$200
No Bonus
1:500

Telephone: +248 467 19 76

image
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
Platforms & Devices
8
ASIC, CySEC
$1
100%
1:3000

Telephone: +35 7251 23212

image
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
Platforms & Devices

Forex Broker Comparison Regulations and Licenses

Forex Broker Comparison Regulations and Licenses

Forex Broker Comparison Brokerage

Forex Broker Comparison Brokerage

Top Rated Online Best Forex Brokers 2024

Rating
Fastest Limit Order SpeedAward Wining BrokerTrade Smarter with EightcapTrade with a Global BrokerTrade FX, CFDs and StocksMore than Just Trading
Open AccountOpen AccountOpen AccountOpen AccountOpen AccountOpen Account

BlackBull Markets - Forex, CFDs & Commodities

blackbullFounded in 2014, BlackBull Markets is an Auckland based technology focused true ECN broker. The broker aims to collaborate with the equities retail space to give the best trading experience to the clients. Now they have expanded to more than 180 countries worldwide and continuously improve the client’s trading experience.

Overall, BlackBull Markets offers more than 26,000 tradable instruments to its clients. Therefore, traders can access a wide range of markets with a single account. That being said, they offer three different account types, Standard, Prime, and Institutional.

  • 11 Base Currencies
  • 26,000+ tradeable assets
  • Regulation: Financial Services Authority in Seychelles (FSA) and Financial Markets Authority (FMA)
  • Free TradingView Pro

blackbull open an account

Markets and Instruments

Markets and Instruments

ECN Standard: It is great for newbies who have just stepped into the forex trading world. With a $0 minimum deposit, the Standard account comes with 0.8 spreads while the minimum trading lot size is 0.01. In addition to that, you will get up to 1:500 leverage. The good thing about this account is that it is a no-commission account, which is the biggest relief for new traders.

ECN Prime: This account is suitable for mid-level traders. You will require a minimum $2000 deposit for a Prime account. However, the spreads start from 0.1 while the minimum lot size of 0.01 remains the same as the Standard account. But you will need to pay a $6 commission per lot. The maximum leverage is 1:500 for a Prime account.

ECN Institutional: You can understand from the name that this account is perfect for instructional traders. That is why it has a very high minimum deposit which is $20,000. However, the great thing is that the spreads start from 0.0 while the minimum lot size is 0.01. Leverage 1:500 remains the same as the other two accounts. You will need to pay a commission for the Institutional account, which is $3 per lot.

While the Standard and Prime account has NY4 EQUINIX server, you can custom this for the Institutional accounts.

join today blackbull markets

Risk Management

Risk ManagementFinancial Markets

BlackBull Markets offers forex, index and share CFDs, commodities, precious metals, energy, and shares in their financial market. They offer major and minor trading pairs for their clients. The BlackBull Markets major pairs include EUR/USD, GBP/USD, USD, JPY, USD/CAD, AUD/USD, NZD/USD, and USD/CHF.

BlackBull Markets offers CFDs from major markets such as the US, Australian, Hong Kong, and European shares and global indices. Combining these markets, you can trade more than 2000 popular stocks, which include Tesla, Facebook, Amazon, and more.

The BlackBull Markets commodities include Crude Oil, Gold, and Silver, as Cash Crops such as Soybeans, sugar, and Natural Gas. In addition to that, you can also trade precious metals such as Gold and Silver. In the energy category, the broker offers Crude oil and Natural Gas.

You can trade all these instruments in BlackBull Markets using MetaTrader 4 , MetaTrader 5 and cTrader.

blackbull open an account

Eightcap: Trusted Broker Regulated by ASIC, FCA, CySEC and SCB

EightcapFounded in Melbourne, Australia, in 2009, Eightcap has consistently aimed to provide top-notch brokerage services to its customers. Over the years, they have expanded their presence globally and now offer over 800 instruments for trading, including foreign currency and stocks. The broker has received numerous awards, such as being named the Best CFD Broker in Australia in 2022, highlighting their commitment to offering traders the tools and resources they need to succeed. Their dedication to innovation is also evident in awards for being the Most Innovative Affiliate Program and the Best Crypto Broker.

Regulations

One of the key strengths of Eightcap is its commitment to regulatory compliance across multiple jurisdictions. The broker is regulated by four different authorities, including ASIC, FCA, CySEC, and SCB. These regulatory memberships demonstrate Eightcap's commitment to conducting its operations transparently and responsibly in various parts of the world.

Account Types

Eightcap offers two main account types: Raw Account and Standard Account. Among these two, the Raw account is ideal for forex CFD traders or those with more experience. It requires a minimum deposit of $100, with the ability to trade with small price differences (starting from 0.0 pips). The raw account is suitable for EAs (Expert Advisors) for automated trading.

The Standard account allows trading without additional fees. It also offers small price differences (starting from 1.0 pips). The minimum deposit for a Standard account is $100 with the option to make small trades (0.01, depending on the asset). Further, it is compatible with EAs for automated trading.

Both accounts have a reasonable minimum deposit of $100, making them accessible to most traders. They also offer different leverage ratios for Australian and non-Australian clients.

The key distinction between the two accounts lies in the fee structure. While the Standard account does not impose extra charges, the Raw account adds a fee of A$3.50 for each standard lot traded in return for smaller price differences.

Platform

Platform

TradingView Account

Eightcap offers a TradingView account, providing access to the global trading community. This account includes advanced charting tools, Pine-Script language support, trading ideas, webinars, and the ability to create custom indicators. Traders can start with as little as $100 and enjoy competitive spreads.

Trading Instruments

Eightcap offers an extensive array of tradable assets to cater to diverse trading preferences. Traders can access 40 major, minor, and exotic forex pairs, allowing for a wide range of currency trading opportunities. Additionally, Eightcap provides access to over 500 share CFDs from renowned companies in the US, UK, Germany, and Australia, enabling investors to participate in the stock market without owning the underlying assets. For cryptocurrency enthusiasts, there are over 250 cryptocurrency CFDs, including cross pairs and indices, offering exposure to the dynamic crypto market. Moreover, traders can engage in index CFD trading, with access to popular indices like US30, UK100, and SPX500. While their offerings are diverse, it's essential to note that Eightcap specializes in CFDs, including CFDs on shares, and their selection of commodities may be comparatively limited when compared to other brokerage firms.

Eightcap

Eightcap Spreads & Commissions

Eightcap offers competitive spreads with minimal spreads. However, spreads can vary depending on the asset. For Raw Account, spreads can start as low as 0 pips for major currency pairs. For stock market indices like SPX500, spreads may start at 0.4 points. Gold and oil spreads can be as low as 0.12 USD and 0.03 USD, respectively.

Trading cryptocurrencies may have different spreads, ranging from 0 USD for Bitcoin Cash to 31.2 USD for Bitcoin. Share CFDs typically have a spread of around 0.02 USD per share for each buy or sell, totaling approximately 4 USD for a full trade.

The Raw account incurs a fee of 3.50 USD for each standard lot traded, which is competitive in the industry.

OctaFX: 40+ Million Trading Accounts in 180 Countries

Octa: 40+ Million Trading Accounts in 180 Countries

octaIn the fast-paced online trading world, Octa emerges as a prominent player, attracting traders with its user-friendly platform, competitive offerings, and commitment to transparency. Let’s explore some key features, advantages, and the overall trading experience it provides.

User-Friendly Interface and Accessibility

Compared to other forex trading brokers, Octa is different because it's easy for everyone to use. Whether you are a beginner or an experienced forex trader, the way Octa interface looks and works is simple and not confusing. They made sure it's easy to understand without losing any important features. Whether you are a pro trader or just stepping into the world of Forex, Octa platform welcomes you with a seamless user experience.

Octa gives extra option to make trading easy for everyone, not just on computers but also on mobile devices. The mobile app is designed to be user-friendly, letting traders stay connected and make trades wherever they are. This makes trading more flexible and convenient for users who are on the move.

Competitive Trading Conditions

One of the primary considerations for traders is the set of trading conditions offered by a platform. Octa excels in this regard, providing competitive spreads, low fees, and swift execution speeds. The platform is committed to being transparent, and you can see this in its clear fee structure. Traders can easily calculate their costs with this straightforward system.

The availability of a variety of trading accounts, including OctaTrader, MetaTrader 5 and MetaTrader 4 accounts, caters to the diverse needs of traders. Each account type comes with individual features and benefits, ensuring that users can choose the option that aligns with their trading preferences and objectives.

Trading Platforms + Tools

Trading Platforms + Tools

Range of Tradable Instruments

Octa provides a wide variety of tradable options, such as major and minor currency pairs, commodities, indices, and cryptocurrencies. This broad selection allows traders to diversify their investment portfolios and explore different markets all in one place.

Cryptocurrency enthusiasts, in particular, benefit from Octa inclusive approach, allowing them to trade popular digital assets alongside traditional instruments. The platform's commitment to staying abreast of market trends is evident in its continuous addition of new tradable assets.

Innovative Technological Features

Octa remains up-to-date with the latest technological advancements by integrating innovative features that elevate the trading experience. The platform supports the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, giving users access to a familiar and robust interface.

With the incorporation of advanced charting tools, technical analysis resources, and algorithmic trading capabilities, Octa empowers traders to make well-informed decisions. The platform's commitment to technological innovation fosters a dynamic and efficient trading environment.

Robust Security Measures

Security is a top priority in online trading, and Octa places a high emphasis on ensuring the safety of its users' funds and personal information. The platform employs advanced encryption protocols to secure data transmission, and client funds are kept in segregated accounts with reputable financial institutions.

Additionally, Octa maintains regulatory compliance, further instilling confidence in its users. The platform's adherence to international standards and regulations contributes to a secure and trustworthy trading environment.

Customer Support and Educational Resources

Octa not only offers a trading platform but also invests in customer support and educational resources. Traders can access a responsive customer support team, available 24/7, to address queries and concerns promptly. The multilingual support ensures that users from diverse backgrounds can communicate effectively.

Octa educational resources are designed for both novice and experienced traders. The platform's educational center comprises video tutorials, webinars, articles, and interactive tools, fostering continuous learning and skill development.

So, it is clear that Octa establishes itself as a comprehensive and user-centric platform, combining accessibility, competitive trading conditions, a diverse range of instruments, technological innovation, robust security measures, and extensive support and educational resources. Octa offers the tools and environment for a fulfilling trading journey regardless of your experience level.

FP Markets: They Have Over 13,000+ Trading Instruments

FP MarketsWelcome to our FP Markets review on our best forex broker comparison 2024, where we talk about one of the biggest brokers in the world. Based in Australia and allowing international clients to participate, the broker uses ECN pricing and Direct Market Access to CFDs. This results an attraction to the traders and makes FP Markets on the top of our forex broker comparison list.

With their selection, it is easy to see why people would prefer to use FP Markets real accounts and their efficient methods of trading and blazing fast execution speeds.

FP Markets is the best platform for forex trading when it comes to the variety of what they offer:

  • High leverage of up to 500:1
  • Near-instant execution
  • Hosts popular forex platforms
  • Free demo account available
  • A variety of CFD instruments

 

FP Markets Open an Account

The Range of Markets Offered

FP Markets offers access to over 13,000 trading instruments which make FP Markets one of the best forex brokers that you can find on our forex broker comparison. Some of the products and markets FP Markets offers that include:

  • CFD in Stock

FP Markets allows the trading of shares using metaTrader 4, metaTrader 5 and IRESS. When using MT4, you will have access to 20 stocks. You will also get ECN prices on these. The fees are in the spreads and eliminate commissions.

IRESS offers more stocks, numbering in the thousands for trading using Direct Market Access and fast executions, with commissions at 0.08% per side.

  • Forex Trading and International Futures CFDs

The broker has over 70+ currency pairs that include all major pairs like EUR/USD, AUD/USD, and GBP/USD with a starting of 0.0 pips that is why FP Markets on our best forex broker comparison list. All these can be traded using FP Markets’ MT4 and MT5 or any platform available.

Our best forex broker comparison where we compared FP Markets with other 5 popular brokers in the market. With the FP Markets you will access CFE, CME, CBT, and NYM. When you are trading these and other CFDs, you will have three account types to choose from.

The details for the accounts are:

STANDARD

You will need a minimum opening balance of $1,000. The Brokerage rate is $10 min, then 0.1%, and Financing at FP Markets Base rate of +4.0%.

PLATINUM

This account type requires a minimum opening balance- $25,000, and the brokerage rate is $9 min, then 0.09%. Financing for FP Markets Base rate is at +3.5%. This account is voted as one of the best trading account on our forex broker comparison.

PREMIER

Considered the best option in most of our forex broker reviews, it has a minimum opening balance of $50,000 and a brokerage rate of No minutes, then 0.08% and a Financing FP Markets Base rate of + 3.0%. As usual, be careful when dealing with CFDs because of how volatile things can get. This account is considered as top in our forex broker comparison.

FP Markets Open an Account

  • Index CFDs

The index options you will get here are some of the best brokers compared in our forex brokers comparison list regulated by ASIC. Markets you can trade here include the FTSE 100, Dow Jones, NASDAQ, and the Sydney Futures Exchange.

When you are a trader who wants to use the Index CFDs and open positions on the whole market instead of an individual stock, FP Markets is one of your best forex brokers to consider. In our forex broker comparison with most forex brokers who focus on just trading, FP Markets’ range of markets and services make it one of the leaders among the many top forex brokers we have in the market today.

fp markets crowned as best fx broker australia 2021

Maximum Leverage Offered

FP Markets Open an Account

Maximum Leverage Offered

DNA Markets

DNA Markets: Trade Forex, Shares, Commodities, Indices, and Cryptocurrencies

DNA MarketsDNA Markets: Super-Fast Trading

If you want to kickstart your forex trading adventure with a broker that puts your success first, DNA Markets is your ultimate partner. Picture a place where every trade brings you a step closer to your financial goals, equipped with a user-friendly platform that allows you to effortlessly trade Forex, Shares, Commodities, Indices, and Cryptocurrencies using the powerful MT4 and MT5.

What Sets DNA Markets Apart?

So, what makes DNA Markets special? It's not just about making trades; it's about creating an experience just made for you. Here's a glimpse of DNA Markets.

Friendly Support

Getting success in forex trading can be challenging, especially if you're just starting. DNA Markets offers a blend of friendly support to make your trading journey smooth, regardless of your experience level.

Fast Trades

In the fast-paced world of finance, timing is everything. With servers strategically located around the globe, DNA Markets ensures that your trades are executed swiftly, giving you an edge in the market.

Wide Range of Options

DNA Markets goes beyond being just a trading platform. With over 800 financial instruments available, including Forex, Commodities, Shares, Indices, and Cryptocurrencies, you have a plethora of options to explore and trade.

Spreads

Spreads

Regulatory Information

DNA Markets operates under the trading name of Focus Markets Pty Ltd and is regulated by the Australian Securities and Investment Commission (AFSL 514425). Additionally, it operates under Focus Markets LLC, a company incorporated in Saint Vincent and the Grenadines with registration number 356 LLC 2020. These regulatory measures underscore DNA Markets' commitment to transparency and compliance, providing traders with a secure and trustworthy trading environment.

Assets in DNA Markets

DNA Markets offers over 40 major and minor Forex pairs on the MT5 platform, providing you with opportunities to go long or short on various currency pairs. It includes widely traded EUR/USD to the commodity-driven USD/CAD.

Additionally, you can venture into the world of commodities trading with DNA Markets. Trade Gold CFDs, Silver CFDs, and explore the fluctuations in Brent Oil and Brent Light Sweet Crude Oil. DNA Markets opens doors to varied commodity trading opportunities, where understanding market factors is key.

With DNA Markets stock trading you can trade US stocks like Amazon, Apple, and Microsoft or explore the Australian market with shares from ANZ Banking Group, BHP, and Woolworths. Moreover, DNA Markets facilitates index trading with the top 8 indices globally. Whether it's the historic Dow Jones Industrial Average or the diversified FTSE100 representing UK companies, traders can profit from activity in global equity markets.

You can also explore cryptocurrencies on the MT5 platform with DNA Markets. Buy and sell Bitcoin, Ethereum, Ripple, and Litecoin with ease, using a simple and familiar interface.

DNA Market Account Types

DNA Markets offers two types of account. The Standard Account is designed for those traders who prefer simplicity, featuring a competitive EUR/USD spread ranging from 1.0 to 1.3 pips and a commission-free structure, with $0 charged per standard lot. Additionally, traders can customize their positions with a flexible trade size ranging from 0.01 lots to 100 lots. The margin call level is set at 100%, providing a safety barrier for account balances, while the stop-out level is at 50% to manage risks effectively. The minimum initial deposit for the Standard Account is $100 AUD, and it supports various account base currencies including AUD, USD, EUR, GBP, NZD, CAD, and SGD. Scalping and the use of Expert Advisors (EAs) are also allowed, offering traders the flexibility to implement different trading strategies.

On the other hand, DNA Markets presents the Raw Account for traders seeking more direct market access and tighter spreads. This account type features a raw spread, providing a cost-effective solution for frequent traders. While the commission is $3 per standard lot, the trade size flexibility, margin call level, stop-out level, minimum initial deposit, and supported base currencies mirror those of the Standard Account. Traders opting for the Raw Account benefit from the same allowances for scalping and EAs, maintaining a consistent and transparent trading environment. With both account types, DNA Markets ensures a customized experience, allowing traders to choose the account that perfectly goes with their individual preferences and trading styles.

IC-Markets-Review-2024

IC Markets: True ECN Broker| The Lowest EUR/USD Spreads

 

IC MarketsIC Markets Brokers have a raw Spread account that is known as the True ECN Broker. The costs are meager. The EUR/USD spreads start from 0.0 pips. With $3.50 commission per lot and no deposit/withdrawal/inactivity fees, this account is one of the most popular account on our forex broker comparison offered by brokers in the forex market.

IC Markets webtrader allows you to trade without downloading the app, on a browser. You can start with the IC Markets demo account to test things out. However, when you look at the rates for IC Markets, you find that they are higher than most of the competitors.

You will get several cost benefits when you trade with IC Markets MT4. They include:

  • Low commissions
  • Very minimal additional trading costs
  • ECN broker spreads
  • ECN Pricing - IC Markets

A quick look at the three forex accounts offered by IC Markets with cTrader and true ECN (known as Raw Spread), you find that they have the lowest spreads. About 62% of the time, IC Markets reviews had 0.0 pips on the EUR/USD raw spread trading account.

With the IC Markets spreads like this, we consider this an ECN account with STP. A look at ECN brokers tells you that they connect you as the client directly to the liquidity pools where you automatically can find the best spreads possible that are not manipulated by the middle men.

ICMarkets MT4 can be used to access the liquidity pools and be able to deal directly with the people who provide liquidity. ICMarkets does not have a dealing desk in this respect and that means they do not requote prices to you.

You will have the opportunity to buy or sell at the exact prices that the liquidity providers give.

IC Markets open an account

 

Research Tools

Research ToolsAn Analysis of Fees

An analysis of other fees for the CFD broker reveals the following things about IC Markets on our forex broker comparison;

Deposit Fees

With ICMarkets, you will not have to pay additional charges to make deposits. You can pay using the following methods:

  • Skrill
  • Bpay
  • FasaPay
  • PayPal
  • Wire transfer

International transfers have a fee of AUD 20, charged and not IC Markets. Depending on the method you use, the deposit may take time to reflect or be instant. The ic markets minimum deposit amount is $200.

IC Markets open an account

Withdrawal Fees

Just like deposits, there are no withdrawal fees except for international transfer that will charge AUD 20.

Inactivity Fees

IC Markets does not have a penalty for inactivity when an account is not used for a continuous period.

Rollover Fees

These fees are standard and are charged by all CFD brokers. They apply when a position is kept open for the next trading day. The costs change regularly. On Wednesday nights, the charge to hold a pair triples.

IC Markets MAM

Aside from great features like ICMarkets MT4, there are many other things this company offers the users. You will be able to get access to something that they call MAM (Multi Account Manager.) As a trader, you will be able to get all the flexible allocation methods and real-time reports of the performance and commissions you may have to pay.

The interface provided by IC Markets here is amazing. You will be able to connect directly with the ICMarkets MT4 server. With this kind of access, you will be able to access the Expert Advisors and increase the functionality of ICMarkets MT4.

IC Markets Join Now

IC Markets’ cTrader

Using this cTrader, you will be able to access 60 pairs, including gold and silver. As an active trader using IC Markets’ cTrader, you will be able to utilize the prices that comes from all over the world. cTrader is on the unique account type offered by IC Markets compare with others brokers in our forex broker comparison list.

Day traders and scalpers will have a much easier time using the ECN platform provided by IC Markets broker.

Not only will you have access to all these pairs, you can also trade in commodities that include Brent crude and WTI oil CFDs and even natural gas. The world truly opens up when you decide to go with IC Markets as your primary broker.

With just a minimum deposit of $200, you can open ICMarkets MT4 and true ECN accounts. With cTrader, you will be required to have a minimum of $200.

IC Markets open an account

Best ECN Forex Brokers - Best Forex Brokers in the World 2024
Find the best ECN Forex Broker & Start trading instantly!

RANK VISIT
BROKER
REGULATION

We only list licensed brokers that comply with the requirements of prominent regulatory agencies.

MIN
DEPOSIT

The minimum amount you need to deposit in order to start trading.

DEPOSIT
BONUS
RATING 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 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.

PAYMENT
SYSTEM
SUPPORT START
TRADING
1
ASIC, CySEC, FSP
$100
No Bonus
1:500

Telephone: +44 28 2544 7780

image
Pros
  • Excellent education tools
  • Low forex fees
  • Fast account opening
  • Easy funding methods
Cons
  • No bonuses
Platforms & Devices
2
FSA, FMA
$0
No Bonus
1:500

Telephone:

image
Pros
  • 9 base currencies
  • 24/7 technical service
  • Direct market access
  • VPS, FIX API, copy trading
  • Superior trading conditions
Cons
  • No negative balance protection
  • Withdrawal fees
Platforms & Devices
3
ASIC, FCA, CySEC, SCB
$100
No Bonus
1:500

Telephone:

image
Pros
  • Fully digital account opening
  • Low forex fees
  • Research tools
  • Free Education Resources
Cons
  • No bonuses
Platforms & Devices
4
CySEC, FSCA
$25
50% Deposit Bonus
1:500

Telephone:

image
Pros
  • Ultra-low spreads
  • Quick withdrawals and deposits
  • 24/7 online support
  • Negative balance protection
Cons
  • Mobile copy trading services available only for Android

Platforms & Devices
5
FCA, CySEC, FSCA, SCB
$100
No Bonus
1:100

Telephone: +44 (0) 203 151 5550

image
Pros
  • Excellent customer service
  • Free deposit and withdrawal
  • Negative balance protection
  • Wide range of platform
Cons
  • Inactivity fee
  • High Trading Fees for some CFDs
Platforms & Devices
6
AFSL
$100
No Bonus
1:500

Telephone:

image
Pros
  • All base currencies
  • 24/7 technical service
  • Direct market access
  • Superior trading conditions
Cons
  • No negative balance protection
Platforms & Devices
7
ASIC, CySEC, FSA, SCB
$200
No Bonus
1:500

Telephone: +248 467 19 76

image
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
Platforms & Devices
8
ASIC, CySEC
$1
100%
1:3000

Telephone: +35 7251 23212

image
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
Platforms & Devices

How We Made Our Comparisons

We created forex broker comparison list by looking at all the suitable broker that we could find with credible credentials and good records. To create this table took several months, several experts, and a mountain of data. By comparing the online brokers regulated by ASIC, FCA, CySEC, and other regulatory bodies.

With comparisons, we were able to tell what each one of them had to offer. We could also know what the edge was, for all of them. We looked at the fees like rollover rates, CFDs fees, and other essential things, including commissions.

Our mission here was to make a forex broker comparison of some of the top brokers who are suitable for all kinds of traders (beginners, intermediate and experts alike).

We focused on the following main points to make sure that the comparison was as fair and accurate it could be:

  1. Regulation
  2. Instruments available
  3. Trading platforms
  4. Leverage
  5. Tools that enhance the trading experience

With only a few weeks to look through, we eliminated the ones that had glaring problems like not being regulated by ASIC or other top regulations. After that, it was easy to know what to focus on and what to leave out. In the mid-level range of brokers, these are the ones that stand out in almost all the essential aspects.

To get an accurate picture of the customer support, we not only looked at the review of traders who use the platforms, but we also looked at data provided by the following regulatory bodies just to be sure:

  • Australian Securities And Investment Commission (Australia)
  • Conduct Authority (U.K.)
  • Sector Conduct Authority (South Africa)
  • CySEC (Cyprus)

All the information provided here is accurate at the time of compiling this comparison table and review.

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