Top Forex Brokerages | Read our reviews

We reviewed and compared cost, security, and features from the best forex brokers. This list will help you find the best platform to fit you.

Top Forex Brokerages


Since the emergence of the Forex market in the late 70s, a huge number of companies have appeared in the world offering trading services. It allows investing in cryptocurrencies, commodities, and stocks having relatively small funds.

As in any relatively young market, a large number of fraud cases in the Forex market have been noticed in the world. It should also be borne in mind that in the markets of some countries, for example, the United States and Malaysia, trading in over-the-counter financial markets, primarily in foreign exchange, is prohibited.

Therefore, any trader, especially a beginner, needs to carefully choose a broker who will become a reliable trading partner.

In order to assess the reliability of a broker, you should pay close attention to the following criteria:

- The history and reputation of the broker. The longer a broker has been on the market, the more likely it is to fulfill its obligations. You should look for objective information about its  activities in the media and professional forums.

- Availability of licenses. Brokerage is licensed by government agencies such as the UK Financial Conduct Authority (FSA), the Cyprus Securities, and Exchange Commission (CySEC). Certain financial markets require such licenses.

- Payment history. A reliable broker allows you to withdraw funds without restrictions. Of course, there are technical restrictions on the timing of the funds withdrawal. However, the timing should be reasonable. The broker must also provide a wide range of withdrawal methods and formats.

- Number of clients. A large number of clients trust in the broker on the part of traders.

- Availability of offices and support services. If you encounter problems with the software, deposit and withdrawal of funds, you need to be sure that they will be resolved as soon as possible. Therefore, it is worth paying attention to the quality of the customer support services.


CityIndex

City Index is a British company that is considered one of the oldest Forex and CFD brokers on the market. In 2014, City Index was acquired by Gain Capital Holdings. GAIN Capital is regulated in 9 jurisdictions around the world and is listed on the New York Stock Exchange (NYSE) as GCAP. The company's offices are located in major cities such as Dubai, London, Tokyo, Sydney, Hong Kong, Singapore, and Shanghai.

City Index provides the widest selection of financial instruments for trading, as well as various types of trading platforms based on your specific skill level. The company is regulated by leading regulatory bodies and most importantly, your funds are insured.

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Avatrade

AvaTrade is headquartered in Dublin, Ireland. The company was founded in 2006. The broker offers retail, options, and professional accounts. AvaTrade has offices in 11 countries and provides a variety of trading platforms for web, desktop, and mobile. It offers Forex and CFD options on multiple asset classes including cryptocurrencies.

AvaTrade is regulated. In Ireland, where the company is regulated by the Central Bank of Ireland, it is a member of the Investor Compensation Company. The broker provides its clients in the emergency with up to 20,000 euros maximum compensation.

AvaTrade is a medium risk broker. The company does not trade publicly and does not operate a bank. AvaTrade is regulated by the following official bodies: the Australian Securities and Investment Commission (ASIC), as well as the Japan Financial Services Authority (JFSA).


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Darwinex

The website has been translated into four languages ​​including English, Chinese, French, and Spanish. The interface is intuitive. Since 2014, the company has begun to provide an innovative social trading service. It is a social trading and investment platform that connects independent traders with potential retail investors. The company's offices are located in the UK and Spain.

In our opinion, Darwinex is one of the best brokers in the retail financial services market offering a DMA (Direct Market Access) account, which gives the trader direct access to liquidity providers. If you are a successful trader, by cooperating with Darwinex, you will be able to manage funds of large investors or trade funds of other traders.


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FxPro

FxPro is a global and award-winning broker that offers CFDs across six asset classes: Forex, Shares, Spot Indices, Futures, Spot Metals, and Spot Energies. It was founded in 2006, and the aim was to transform the form of online commerce. It was the first broker to sponsor a Formula 1 team in 2008 and expanded exponentially in 2012. FxPro was named the Best Broker 2015-2017 by the Financial Times. Since its inception, it has successfully expanded to serve both retail and institutional clients in over 170 countries around the world and continues to grow ever since.

FxPro is an award-winning broker that promotes transparency and excellent service to its clients. It is the best Forex broker with over 60 international and UK awards. The brand is a global broker that offers CFDs across six asset classes: Forex, Stocks, Spot Indices, Futures, Spot Metals, and Spot Energies. The company offers market opportunities to its clients with over 250 instruments available for trading. It has competitive spreads and offers a maximum leverage of up to 1:500.


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HotForex

This regulated Forex Broker goes a long way to guarantee its clients unshakable quality and well-being. It offers a selection of best-in-class exchange stages for various gadgets. They have given MT4 and MT5 refined, universally recognized, and adaptable.

HotForex provides its clients with convenient devices and in-depth analysis. Trader Education includes different types of webinars, e-books, and recordings. Plus, there are tons of awards, achievements, and challenges to support and reward loyal customers. HotForex has enough features to challenge the leading brands in the EU and the UK.

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Pepperstone

Pepperstone is an ECN Forex broker. The company was founded in 2010 and is registered in Australia. The dealer is headquartered in Melbourne and has subsidiaries in London, Dallas, and Bangkok. The dealing center is focused on providing high-quality services in the field of online trading. Investors from more than 65 countries of the world were able to assess the attractiveness of its trading conditions.

The dealer's activities are controlled by the influential ASIC regulatory body. The company has valid licenses AFSL No. 414530, ACN No. 147 055703, ABN No. 12 147 055703. Funds are held in segregated accounts of the National Australian Bank, which is rated AA.


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Tickmill

Tickmill is an international broker for trading Forex and CFDs. The main headquarters are located in London: 1 Fore Street, London EC2Y 9DT, UK. Over the years, the company has established itself by offering traders professional trading on the best terms. The broker is known for fast and cheap execution of trades in the Forex market. In addition, there are branches in Cyprus and the Seychelles.

Tickmill is a very good broker. With the cheapest fees in the world, the broker is currently topping up any competitor. The trading experience is unique with this broker and you save a lot of money on order execution. For every Forex trader, this is the right provider.


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XTB

Dealing Center XTB is one of the leading international Forex brokers in the field of Internet trading. Its unique feature is the presence of five financial regulators and the storage of user funds in segregated accounts. The company believes that it has the most favorable trading conditions. XTB can boast having the following advantages: two trading terminals to choose from, more than 1,500 financial assets, including cryptocurrency, loyal affiliate programs, low spreads, high-quality teaching material, and official branches in 12 countries of the world.


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