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75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money.
No single Forex broker is the best option for all traders. For this reason, we have chosen and reviewed a number of brokers that we think will appeal to a wide variety of traders. Rather than just reviewing random brokers, we have reviewed the best brokers for traders with different tastes in trading platforms and with different budgets and priorities.
Broker’s Name
Exness
Overall Rating
4.9/5
Headquartered
Cyprus
Accounts
Standard Cent, Standard, Pro, Raw Spread, Zero
Bonus
No Sign-Up Bonus
Year Founded
2008
Trading Desk Type
Market Maker
Regulators
FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), FSC
Accepts USA clients
No
Islamic account (swap-free)
Yes
Minimum Lot Size
Volume Depends on Instrument
Minimum Spread
Spread depends on account type and instrument. Spreads are always floating
Demo Account
Yes
Account Activation Time
Instant
Maximum Leverage
1:2000
Minimum Deposit
$10
Spot Trading
Yes
CFDs Total Offered
1273
PAMM Accounts
Yes
Deposit Options
Withdrawal Options
Withdrawal Fee
Yes
Instant Withdrawal and Deposits
Yes. Depends on the payment system. May vary based on the payment provider’s processing
Negative Balance Protection
Yes.
Trading Currencies
Yes
Trading Indices
Yes
Trading Stocks
Yes
Currency Pairs
97
Major Forex Pairs
EUR/USD; USD/JPY; GBP/USD; USD/CHF; USD/CAD; AUD/USD; GBP/JPY; NZD/USD; GBP/JPY
Number of Cryptos
35
Platform Types
MT4, MT5, Web, Desktop (Android & IOS)
OS Compatibility
Android, Apple iOS, Web, Windows, macOS
Tradable assets offered
Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
Base Currency
USD/EUR
Languages supported on Website
Arabic, Bengali, Czech, Dutch,Filipino, French, German, Greek, Hungarian, Indonesian, Italian,Korean, Malay, Polish,Portuguese, Russian, Spanish, Swedish, Thai, Vietnamese
Customer Service Hours
24/7
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
FBS
Overall Rating
4.8/5
Headquartered
Cyprus
Accounts
Cent account; Micro account; Standard account; Zero Spread account; ECN account; Crypto account
Bonus
Open any one of the Level Up accounts and receive $140
Year Founded
2009
Regulators
IFCS, CySEC, ASIC, FSCA
Countries not accepted for trade
Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran
Islamic account (swap-free)
Yes
Deposit Bonus
100% Deposit Bonus, $140 Sign Up Bonus
Demo Account
Yes
Account Activation Time
Instant
Maximum Leverage
1:3000
Minimum Deposit
$1
PAMM Accounts
None
Deposit Options
Withdrawal Options
Platform Types
MT4, MT5
OS Compatibility
Android, Apple iOS, Web, Windows, macOS, Multiterminal
Tradable assets offered
Forex, commodities, bonds, shares, indices, stocks, CFDs, metals, energies
Languages supported on Website
Deutsch, English, Español, Français, Italian, Portuguese
Customer Service Hours
24/7
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
HF Markets
Overall Rating
4.8/5
Headquartered
Cyprus
Accounts
Premium, Zero Spread, Pro
Bonus
20% Top-Up Bonus
Year Founded
2010
Regulators
CySEC, FSA, FCA, FSCA, DFSA, CMA
Countries not accepted for trade
The United States, Canada, Sudan, North Korea, and Syria
Islamic account (swap-free)
Yes
Deposit Bonus
20% Top-Up Bonus
Supported Lot Size
0.01 – 500
Demo Account
Yes
Account Activation Time
Instant
Maximum Leverage
1:2000
Minimum Deposit
$5
PAMM Accounts
Yes
Deposit Options
Withdrawal Options
Platform Types
MT4, MT5, Web, HFM Trading App (Android & IOS)
OS Compatibility
Android, Apple iOS, Web, Windows, macOS
Tradable assets offered
Forex Currency Pairs, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
Base Currency
USD/EUR
Languages supported on Website
English, Portuguese, Spanish
Spreads From
0.1 Pip
Customer Service Hours
24/7
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
Avatrade
Overall Rating
4.9/5
Year of Foundation
2006
Headquarters
Dublin, Ireland.
Regulators
ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA
Countries not accepted for trade
US, North Korea, New Zealand, Iran, Belgium
Bonus Type
20% welcome bonus
Time to open an account
1 day
Service Description
CFD Regulated broker with +1000 financial instruments and multiple trading platforms, operating since 2006
Countries of Regulation
Avatrade is regulated in Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, European Union, Poland, Cyprus, Israel, South Africa, Cyprus, B.V.I Financial Services Commission etc
Trust Score
96%
Live support
24/5
Account Activation Time
Less than 24 Hours
MetaTrader 4 (MT4)
Yes
MetaTrader 5 (MT5)
Yes
Trading Islamic Account
Yes, available
CFDs – Total Offered
681
CFD Stock Indices
Yes
CFD Commodities
Yes
CFD Bonds
Yes
Deposit with credit card
Yes
Demo Trading Account
Yes
Number of base currencies supported
5
Spreads
0.9 Pips
Leverage
1:400, EU – 1:30 and 1:400 (Professional Accounts)
Currency Pairs (Total Forex pairs)
60
Withdrawal fee amount
Zero
Minimum deposit
$100
Inactivity fee charged
Yes
Depositing with electronic wallet
Yes
Demo Account
Yes
Copy Trades
Yes
Website Languages
Arabic, Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish.
Account currencies
AUD, JPY, GBP, USD, EUR, CHF
PAMM
MAM/Mirror (depending on GEO)
Scalping Allowed
Yes
Scalping
Millisecond trading
Hedging
Open Buy & Sell positions simultaneously
Instruments Offered
850+
Trading Instruments
Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
Total offered per instrument
CFD – Agricultural =7
CFD – Crypto = 20
Account Types
Real Account, Demo Account, Islamic Account. Options Account
Safety of Funds
Segregated accounts and negative balance protection
Demo Account Description
Free Demo Accounts with $100,000. No limitations on the number of demo accounts.
Education
Sharp Trader, Videos, Articles, Webinars, eBook
Fees and Commissions
Forex/CFD overnight interest, No margin interests, No commissions (unless stated otherwise)
Trading Platforms
MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, WebTrader
Mobile trading
AvaTradeGO (only with MT4), MetaTrader 4, MetaTrader 5, AvaProtect
Automated Trading
MQL5 Signal Service, API Trading, DupliTrade, ZuluTrade
Social Trading
Yes, Ava social trading
Affiliate Program
Yes, up to 50% + commission
Average deposit/withdraw processing time
Depends on the method used. – CC and e-payments is immediate. Bank wire can take up to 7 business days depending on the banking institution.
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
XM.com
Overall Rating
4.8/5
Headquartered
UK
Year Founded
2009
Regulators
FCA, IFSC, CySec, ASIC, FSC
Minimum Deposit
$5
Countries not accepted for trade
The United States of America
Account Types
Micro Account; Standard account; Ultra Low Account; Shares Account
Account Activation Time
Less than 4 Hours
Deposit Bonus
Yes, $30 and Up To $5000
Demo Account
Yes
Spreads
Spreads from 0.6 to 1.7 pips
Commission
Commission-free trading depending on account selected
Maximum Leverage
1:1000
Deposit Options
Withdrawal Options
Platform Types
Desktop MT4 and MT5, Mobile MT4 and MT5,(Android & IOS) XM mobile app, Web platform
Tradable assets offered
Forex, commodities, cryptocurrency, shares, indices, metals, energies, options, bonds, CFDs, and ETFs
Languages supported on Website
23 Languages
Crypto
Yes
Total Pairs
57
Islamic Account
Yes
Trading Fees
No, just Spread
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
SuperForex
Overall Rating
4.8/5
Year Founded
2013
Regulators
IFCS
Minimum deposit
$1
Average spread from
Variable
Commissions From
None
Deposit/Withdrawal Fees
Yes
Maximum Leverage
1:1000
Deposit Bonus
50% Top-Up Bonus
Trading Platform
Meta Trader 4 (Android & IOS), Desktop
Crypto
Yes
Total Pairs
300
Islamic Account
Yes
Copy Trading
$Yes
Deposit Options
Â
Withdrawal Options
Â
Order Execution
Instant
Trading Fees
Low
Account Activation Time
Less Than 2 Hours
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
Forex4You
Overall Rating
4.8/5
Headquartered
British Virgin Islands
Year Founded
2007
Bonus
Sign Up Bonus
Minimum Deposit
$1
Regulators
FSC (British Virgin Islands)
Countries not accepted for trade
United States, Japan, Canada, Australia, , Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, , Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden
Islamic account (swap-free)
No
Demo Account
Yes
Maximum Leverage
1:1000
Commission
Commission-free trading depending on account selected
Deposit Options
Withdrawal Options
Platform Types
MetaTrader 4
OS Compatibility
Windows, Mobile, Web, iPhone, iPad, PC and Mac OS, mobile for Android and IOS
Tradable assets offered
Forex Currency pairs, CFDs, Commodities and Indices
Languages supported on Website
Multiple
Account Activation Time
24 Hours
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
FXPro
Overall Rating
4.8/5
Regulators
FCA, CySec, FSCA, SCB
Year Founded
2006
Headquartered
London, England
Bonus Types
None
Countries not accepted for trade
The United States of America, Canada, Iran
Maximum Trade Size
Unlimited
Minimum Deposit
$100
Funding Fees
0%
Micro Lot Trading
0.01
Minimum Trading Size
0.01 lots
Instruments
2100+
Execution Speed
Fast
Maximum Leverage
1:500
Trading Platforms
MT4, MT5, CTrader
Deposit Options
Withdrawal Options
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
OctaFX
Overall Rating
4.8/5
Year Founded
2011
Headquartered
Saint Vincent and The Grenadines
Countries not accepted for trade
The United States of America
Regulators
FSA (SVG)
Islamic account (swap-free)
Yes
 Institutional Accounts
No
Maximum Leverage
1:500
Minimum Deposit
$5
Bonus Types
50% Deposit Bonus
Demo Account
Yes
Account Activation Time
Less Than 24 Hours
Trading Platform
MT4, MT5
Total Pairs
80
Crypto
Yes
Islamic Account
Yes
Trading Fees
Low
Deposit Options
Withdrawal Options
Tradable assets offered
Forex Currency Pairs, Index CFDs, Commodities, Cryptocurrencies.
Base Currency
USD/EUR
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
Ventezo
Overall Rating
4.8/5
Headquartered
Russia
Year Founded
2015
Bonus
30% Tradable Bonus,
Regulators
FSA (SVG), FSA (Seychelles)
Countries not accepted for trade
United States of America, Canada, North Korea.
Islamic account (swap-free)
Yes
Demo Account
Yes
Account Activation Time
Instant
Maximum Leverage
1:1000
Minimum Deposit
$10
PAMM Accounts
Yes
Deposit Options
Withdrawal Options
Platform Types
MT4
OS Compatibility
Android, Apple iOS, Web, Windows, macOS
Tradable assets offered
Forex Currency Pairs, Index CFDs, Commodities, Cryptocurrencies.
Base Currency
USD/EUR
Languages supported on Website
English, German, Russian
Spreads From
0.0 Pip
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
InstaForex
Overall Rating
4.8/5
Headquartered
Cyprus, Saint Vincent and the Grenadines, British Virgin Islands
Year Founded
2007
Regulators
FSC (British Virgin Islands), CySEC, FSA (SVG)
Countries not accepted for trade
United States
Islamic account (swap-free)
Yes
Crypto
Yes
Demo Account
Yes
Deposit Bonus
30% and 55%
PAMM
Yes
Maximum Leverage
1:1000
Account Activation Time
Instant
Trading Fees
Low
Minimum Deposit
$1
Total Pairs
295+
Order Execution
Instant
Minimum Spread
0.1 Pips
Deposit Options
Â
Withdrawal Options
Â
Platform Types
MetaTrader 4, MetaTrader 5, Multiterminal, InstaForex WebTrader, InstaTick Trader
OS Compatibility
Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads
Tradable assets offered
Currencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures, Cryptocurrencies and InstaFutures
Base Currency
USD/EUR
Languages supported on Website
English, French, Malay, Dutch, Italian, German, Simplified Chinese, Slovakian, Polish, Vietnamese, Portuguese, Spanish, Romanian, and more.
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
CM Trading
Overall Rating
4.8/5
Headquartered
South Africa
Year Founded
2011
Regulators
FSCA, FSA
Countries not accepted for trade
United States
Islamic account (swap-free)
Yes
Demo Account
Yes
Copy Trading
Yes
Bonus type
$70 USD with first-time sign-up when traders register a live CM Trading account.
Institutional Accounts
Yes
Managed Accounts
Yes
Maximum Leverage
1:200
Minimum Deposit
$100
Account Activation Time
$24 Hours
Total Pairs
174+
Tradable Assets
• Currency trading
• Stocks
• Indices
• Cryptocurrencies
• Commodities
• CFDs
Deposit Options
Withdrawal Options
Platform Types
MT4, PandaTS, Webtrader
OS Compatibility
Desktop platforms (Windows, Mac), Web platform, Mobile: Android, iOS
Tradable assets offered
Currencies, Cryptocurrencies: (Bitcoin, Litecoin, Ethereum), CFDs: (Gold, Silver, Other) Precious Metals, Stocks, Stock Indexes, Oil, and Other Commodities
Languages supported on Website
English Arabic and Spanish.
Customer Support Languages
English Arabic and Spanish.
Customer Service Hours
Weekdays 8am – 9pm, Sunday 9am – 1pm
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
JustMarkets
Overall Rating
4.8/5
Headquartered
Cyprus
Year Founded
2012
Global Offices
Cyprus, Seychelles
Countries not accepted for trade
Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States of America, and countries sanctioned by the EU
Regulators
FSA, Cysec, FSCA, FSC
Islamic Account
Yes
Crypto
Yes
Account Activation Time
Less than 24 Hours
Total Pairs
240+
Demo Account
Yes
Minimum Deposit
$1
Trading Indices
11
Trading Stocks
73+
Max. Leverage
1:3000
Bonus
30% Deposit Bonus
Spreads
The minimum spread starts from 0
Min. Lot Size
0.01 Lots
Max. Lot Size
100 Lots
Deposit Options
Withdrawal Options
Platform Types
MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)
OS Compatibility
Android, Apple iOS, Web, Windows, macOS
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
ForexTime
Overall Rating
4.8/5
Headquartered
Cyprus
Year Founded
2011
Regulators
CySEC, FCA, FSC, FSCA
Countries not accepted for trade
The United States, Mauritius, Japan, Canada, Haiti, Suriname, North Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus, Hong Kong
Islamic Account (Swap Free)
Yes
Demo Account
Yes
Maximum Leverage
1:2000
Minimum Deposit
$10
Crypto
Yes
Account Activation Time
Less than 24 Hours
Deposit Options
Withdrawal Options
Platform Types
MetaTrader 4, MetaTrader 5, FXTM Trader
OS Compatibility
Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads
Tradable assets offered
CFDs on commodities, CFDs on indices, Spot Metals, Stock CFDs, Stocks, Forex
Base Currency
USD/EUR
Languages supported on Website
18 languages including English, French, Polish, Spanish, Italian, Chinese, and more…
Customer Support Languages
18 languages including English, French, Polish, Spanish, Italian, Chinese, and more…
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
LiteFinance
Overall Rating
4.8/5
Headquartered
Majuro, Marshall Islands
Years founded
2005
Regulators
Only regulated in accordance with Marshall Islands Business Corporation Act. (63888)
Countries not accepted for trade
United States, Canada, Japan, Israel, Austria, Belgium, Sudan, North Korea, and Syria
Regulators
CySEC, FSA, FCA, FSCA, DFSA, CMA
Islamic account (swap-free)
Yes
Maximum leverage
1:500
Minimum Deposit
$50
Demo Account
Yes
Account Activation Time
Less than 24 Hours
Crypto
Yes
Trading Fees
Low
Assets
170+
Bonus Types
30% and 50% Bonus
Scalping and news trading
Allowed
Deposit Options
Â
Withdrawal Options
Â
Platform Types
MT4 and MT5
OS Compatibility
Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad
Tradable assets offered
Currency – FX trading is available 24/5 on major, minor, and exotic pairs
Base Currency
USD/EUR
Languages supported on Website
Arabic, Russian, Malay, Português, Español, Français, Thai, Simplified Chinese, Armenian, Hindi, Bengali, Japanese, Korean, Turkish, Azerbaycanca, Oʻzbekcha, Jazasha, Persian, Georgian, Myanmar, Swahili, Indonesian and Vietnamese
Customer Service Hours
24/5
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
Olymp Trade
Overall Rating
4.7/5
Headquartered
St. Vincent and the Grenadines
Year Founded
2014
Regulators
International Financial Commission (FinaCom)
Countries not accepted for trade
United States and United Kingdom
Islamic Account (Swap Free)
No
Demo Account
Yes
Crypto
Yes
Trading Fees
Low
Account Activation Time
Less than 24 Hours
Bonus Type
No sign-up bonus
Maximum Leverage
1:500
Minimum Deposit
$10
Deposit Options
Â
Withdrawal Options
Â
Platform Types
Olymp Trade Platform
OS Compatibility
Web browsers, Android, iOS
Tradable assets offered
Commodities, Stocks, Indices, ETFs, Forex, Cryptocurrencies
Base Currency
USD/EUR
Languages supported on Website
English, Chinese, Portuguese, Spanish, French, Filipino, Russian, Malaysian, Indonesian, Turkish, Vietnamese, Arabian, Hindi, Thai, and more
Customer Service Hours
24/7
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
FP Markets
Overall Rating
4.9/5
Headquartered
Sydney, Australia
Year Founded
2006
Regulating Authorities
CySEC, ASIC, FSCA
Countries not accepted for trade
United States, Japan, New Zealand
Islamic account (swap-free)
Yes
Demo Account
Yes
Institutional Accounts
No
Crypto
Yes
Total Pairs
70+
Account Activation Time
Less than 24 Hours
PAMM
Yes
Copy Trading
Yes
Scalping Allowed
Yes
Managed Accounts
Yes
Maximum Leverage
1:500
Minimum Deposit
$100
Deposit Options
Withdrawal Options
Platform Types
MetaTrader 4, MetaTrader 5, Iress Trader, cTrader
OS Compatibility
Windows, Mobile, Web, iPhone, iPad, PC and Mac OS, mobile for Android and IOS
Tradable assets offered
Forex, cryptocurrencies, share CFDs, Indices, Commodities, Precious Metals
Languages supported on Website
Multilingual
Customer Support Languages
Multilingual
Customer Service Hours
24/7
Good for Beginners
Good for Experts
Copy Trading
Bonuses
Regulations and Safety
Broker’s Name
ForexMart
Overall Rating
4.8/5
Headquartered
Cyprus
Year Founded
2015
Regulating Authorities
SVG FSA
Countries not accepted for trade
United States of America, North Korea, Sudan, Syria
Islamic account (swap-free)
Yes
Sign up Bonus
Yes
Trading Fees
Low
Total Instruments
200+
Crypto
Yes
Account Activation Time
Less than 24 Hours
Copy Trading