Forex Brokers - Reviews and Compare

Online forex brokers can be the most lucrative trading brokerages to trade with. They present vast amounts of opportunity to participate in the largest financial market in the world. With a daily trading volume of over $5.3 trillion, the forex market dwarfs the volume of any other financial market available. Luckily for traders, they have numerous online forex trading platforms to choose from and can benefit from the high liquidity and competition between them. Now that we’ve established an understanding of what forex actually is and the extent of its nature, let’s discover more about online forex brokers and the services they provide.

Minimum Deposit
$10
Types of Trading
Forex, Options, Stock
Country
Seychelles
Regulation
Not Regulated
Minimum Deposit
$10
Types of Trading
Forex, Options
Country
St. Vincent and the Grenadines
Regulation
Not Regulated
Minimum Deposit
$200
Types of Trading
CFD, Forex, Options, Stock
Country
Cyprus
Regulation
CySEC, FCA, ASIC
Minimum Deposit
$5.00
Types of Trading
CFD, Forex, Stock
Country
Seychelles
Regulation
International Financial Commission
Minimum Deposit
$0
Types of Trading
CFD, Forex, Stock
Country
United Kingdom
Regulation
FCA, ASIC, CFTC
Minimum Deposit
$250
Types of Trading
CFD, Forex, Stock
Country
United Kingdom
Regulation
FCA, IFSC, KNF, CNMV and CMB
Minimum Deposit
$10
Types of Trading
CFD, Forex, Options
Country
Australia
Regulation
ASIC
Minimum Deposit
$250
Types of Trading
CFD, Forex, Options
Country
Cyprus
Regulation
CySEC, IFSC
Minimum Deposit
$0
Types of Trading
CFD, Forex, Stock
Country
Australia
Regulation
ASIC, FCA
Minimum Deposit
$0
Types of Trading
CFD, Forex, Options, Stock
Country
United States
Regulation
NYSE, FINRA, SIPC
Minimum Deposit
$100
Types of Trading
CFD, Forex, Options, Robo-advisors, Stock
Country
Ireland
Regulation
Central Bank of Ireland
Minimum Deposit
$200
Types of Trading
Forex
Country
Australia
Regulation
ASIC
Minimum Deposit
€100
Types of Trading
CFD, Forex, Options
Country
Cyprus
Regulation
CySEC, ASIC
Minimum Deposit
$100
Types of Trading
CFD, Forex, Stock
Country
Republic of Vanuatu
Regulation
VFSC
Minimum Deposit
$250
Types of Trading
CFD, Forex, Stock
Country
Belize
Regulation
IFSC
Minimum Deposit
$1.00
Types of Trading
CFD, Forex, Stock
Country
British Virgin Islands
Regulation
BVI FSC
Minimum Deposit
$100
Types of Trading
CFD, Forex
Country
United Kingdom
Regulation
FCA, CySEC, CIMA
Minimum Deposit
$100
Types of Trading
CFD, Forex
Country
Cyprus
Regulation
FCA, ASIC, CySEC, FSB
Minimum Deposit
$10
Types of Trading
CFD, Forex
Country
St. Vincent and Grenadines
Regulation
Not Regulated

What is a forex broker?

A forex broker is a company or firm that provides traders with a forex trading platform that facilitates the buying and selling of foreign currencies. The forex broker acts as an intermediary between the trader and the interbank- a network of banks that trade foreign currencies with each other.

How do forex brokers work?

Online forex brokers handle a portion of the overall foreign exchange market and offer their clients a forex trading platform to access this 24 hour global currency market. A Forex broker will buy and sell currencies for one another on behalf of a trader and collect the bid/ask spread on the traded currency pair. Some brokers will also charge a fee per transaction.

How to select the best forex broker?

Traders have numerous online Forex brokers to choose from. However, not every forex broker is reputable or right for you. To select the best Forex broker, you must look into all aspects of the broker including commissions and fees, forex trading platforms, reputation, deposit and withdrawal methods, tradeable products, and so on.