Forex broker is a mediator between the Forex trader and the market. It's impossible to trade foreign currency with no Forex brokerage. Many brokerages exist to offer their services in the market with different quality. A good broker provides a trading platform, accepts deposits and processes withdrawals, provides leverage, and promptly executes trading orders, it may also offer educational, bonuses, trade copying, and other resources and tools.

The best Forex broker is hard to be met among hundreds of online currency trading companies. The following aspects should be considered carefully to evaluate a Forex brokerage:

  • Reliability! Its regulation, is it done by a solid authority? To which country does it belong? In case of dispute, will compensation be an easy process?
  • Trading conditions fairness! How low are the spreads and commission? Are the leverage conditions fair? Does it distribute overnight interest rate payments honestly? How fast and seamless does it excute orders?
  • Trading instruments! Does it offer all currency pairs you wish to trade? Does it accept payment methods that are suitable for you? Is the trading platform comfortable for you?
  • Help & Support! Are they proffessional enouph with sufficient knowledge? Do they do their best to answer diffecult inquiries? How long is the latency between traders' issues submission and the broker's answer?
  • Reputition! How old is the broker? Its trader reviews, do they mostly go positive or not? Are these reviews real?

To help you answer these questions, you can find the top best reputated online Forex brokers in the list below prepared by MyFxBots Team:

Top Forex Brokers

Top Forex Brokers 2024
# Forex Broker Headquarter Regulations Maximum Leverage Minimum Deposit Bonuses Accounts Links

1

Since 2007
Australia (Oceania)
  • ASIC
  • FSAS
1:500 $200
No Bonuses Offered Currently!
Check Back Soon!
Full Review

2

Since 2014
United Kingdom (Europe)
  • FCA
  • CySEC
  • FSCA
  • FSAS
  • LabuanFSA
1:500 $25 Full Review

3

Since 1998
Russian Federation (Asia)
  • IFSC
  • NAFD
  • FSA
  • AFD
1:3000 $20 Full Review

4

Since 2012
Belize (North America)
  • IFSC
1:2000 $10 Full Review

5

Since 2009
Cyprus (Europe)
  • ASIC
  • IFSC
  • CySEC
  • FSC
1:1000 $5 Full Review

6

Since 2006
Bermuda (North America)
  • AFSL
  • FCA
1:100 $2500
No Bonuses Offered Currently!
Check Back Soon!

7

Since 2011
Australia (Oceania)
  • ASIC
  • VFSC
1:30 (ASIC), 1:500 (VFSC) $50
No Bonuses Offered Currently!
Check Back Soon!

8

Since 2019
China (Asia)
  • FSA
  • ASIC
  • FSAS
1:500 $50

9

Since 2010
Cyprus (Europe)
  • CySEC
  • FSC
  • DFSA
  • FCA
  • FSA
  • FSA
  • FSCA
1:1000 $5

10

Since 1997
Cyprus (Europe)
  • CySEC
1:30 $100

11

Since 2006
United Kingdom (Europe)
  • FCA
  • CySEC
  • FSCA
  • SCB
1:200 $100
No Bonuses Offered Currently!
Check Back Soon!

12

Since 1998
Switzerland (Europe)
  • FINMA
1:200 $1000
No Bonuses Offered Currently!
Check Back Soon!

13

Since 1977
United Kingdom (Europe)
  • FCA
  • CySEC
  • CIMA
  • DFSA
  • FSA
1:400 $100
No Bonuses Offered Currently!
Check Back Soon!

14

Since 2007
Saint Vincent and the Grenadines (North America)
  • FSA
1:1000 $100

15

Since 2001
Australia (Oceania)
  • AFSL
  • FCA
  • CNMV
1:500 No minimum deposit!
No Bonuses Offered Currently!
Check Back Soon!

16

Since 1998
Austria (Europe)
  • FSC
  • CNMV
1:500 No minimum deposit!
No Bonuses Offered Currently!
Check Back Soon!

17

Since 2012
Georgia (Asia)
  • FSA
1:3000 $1
No Bonuses Offered Currently!
Check Back Soon!

18

Since 2007
Russian Federation (Asia)
  • RAUFR
1:1000 $1 Full Review

19

Since 2005
New Zealand (Oceania)
  • ASIC
  • FCA
1:500 $1

20

Since 2010
Belize (North America)
  • ASIC
1:200 $100

21

Since 2010
Cyprus (Europe)
  • ASIC
  • CySEC
  • FCA
  • FSCA
1:1000 $50

22

Since 2006
Seychelles (Africa)
  • CySEC
1:2000 $10

23

Since 2009
Belize (North America)
  • IFSC
  • NAFD
Maximum leverage value is unclear! $1

24

Since 2011
Cyprus (Europe)
  • CySEC
  • IFSC
1:1000 $5

25

Since 2007
Cyprus (Europe)
  • ASIC
  • FCA
  • CySEC
  • CNMV
Maximum leverage value is unclear! $50

26

Since 2012
United Kingdom (Europe)
  • FCA
1:200 $500
No Bonuses Offered Currently!
Check Back Soon!

27

Since 2014
New Zealand (Oceania)
  • FCA
1:500 No minimum deposit!
No Bonuses Offered Currently!
Check Back Soon!

28

Since 2010
Belize (North America)
  • SIBA
1:500 $5

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