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 Recommended Forex Brokers List

In compiling the recommended forex brokers list, we looked through many things. Our concern for students of our course or enthusiasts who know what the forex market is like and want to get in is scams. The forex trading brokers you find might not be who they say they are. There is always a criterion to follow when you want to find the best. Our list of recommended forex trading brokers looks at every important thing we know you care about.

Forex Trading Brokers List:

Visit BrokerRankBroker ReviewsLocationMinimum Deposit AmountDeposit BonusPayment SystemRatingCreate an Account


Limassol, Cyprus CySEC (Cyprus)Cent and Mini Account No Limit, Classic - $2,000 and ECN - $300No Bonus9.04 Real Account Demo Account


Maina Court, Plot 252, Herbert Macaulay Way, Abuja, Nigeria$1.00Depend on Promotion Offer9.54 Real Account Demo Account


Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom$1.00No Bonus9.73 Real Account Demo Account

Admiral Markets

16 St Clare Street, London, EC3N 1LQ,United Kingdom$200No Bonus9.9 Real Account Demo Account


HF Markets (SV) Ltd. Suite 305, Griffith Corporate Centre, Beachmont, Kingstown$100100%7.0 Real Account Demo Account


No.5 Cork Street, Belize City, Belize, C.A.$5.00 for Standard and Micro accounts and $50.00 for Ultra Low accounts15%9.97 Real Account Demo Account


Level 10, 90 Arthur St, North Sydney, NSW 2060 (Australia)$10No Bonus9.98 Real Account Demo Account


13-14 Basinghall str.,EC2V 5BQ(UK)$100No Bonus9.99 Real Account Demo Account

FP Markets

Level 5, Exchange House, 10 Bridge St, Sydney NSW 2000 (Australia)$100No Bonus9.99 Real Account Demo Account

IC Markets

Level 6 309, Kent Street Sydney, NSW 2000 (Australia)$200No Bonus10.00 Real Account Demo Account
RankBroker ReviewsLocationMinimum Deposit AmountDeposit BonusRating

To give you a clear idea of what we look at, let’s run down everything.

1. Regulations

Most countries with forex traders have commissions, agencies and financial authorities who oversee the market. They make sure that everyone is complying in a way that protects the customers from being swindled.

Reputable companies on our forex brokers list are all regulated.

2. Account Details

As always, the fine print is important when you are looking for forex trading brokers to work with. These are some important things that we took into consideration:

  • Leverage and margin
  • Commissions and spreads
  • The initial deposit
  • The ease of deposits and withdrawals

All these things go into making sure that no company, with a bad record of these things, finds itself on the top forex brokers list.

3. The Currency Pairs Offered

There are many currencies available for trade, but only some of them get the most attention. We call them the majors. In your search for forex trading brokers, make sure they offer trades in the currency pairs that interest you.

All the names on our recommended forex brokers list, offer you all the currency pairs that you want, with ease. With several options to choose from, you will not miss out on any trades that have potential.

Recommended Forex Brokers List

4. Customer Service

It is not uncommon for a trader to encounter something that does not add up or something that you cannot resolve. Moments like that are when you need support the most. Many forex trading brokers are very good at selling you on their products but are not present when you have a problem.

We checked to see how the members on this forex brokers list treat customers when they have problems and most of them seem to have great reviews.

5. Trading Platforms

The platform is essentially the portal that will allow you to look into the forex exchange markets and stake a claim. Some forex trading brokers have platforms difficult to use or navigate. Always make sure you use platforms that you will not have trouble understanding.

Look out for other things like;

  • Custom options
  • Order entry types
  • Automated trading
  • Strategy building
  • Backtesting
  • Trading alerts

Anything that will give you an edge is what these companies on our forex brokers list look for.

Pro Tip: When you can trust your broker, it will give you more time to work on your strategies and analysis. This is what will give you the chance to increase the amount of money you make instead of worrying.

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