A 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:
To help you answer these questions, you can find the top best reputated online Forex brokers in the list below prepared by MyFxBots Team:
# | Broker | Headquarter Regulation Broker Type |
Payment Options Maximum Leverage |
Account Currency Minimum Deposit |
Deposit Bonus | Open an Account |
---|---|---|---|---|---|---|
1 |
IC MarketsSince 2007 |
Australia (Oceania)
ASIC , and FSAS NDD , and ECN |
1:500 |
USD
, EUR
, JPY
, GBP
, AUD
, CHF
, CAD
, NZD
, HKD
, and SGD
$200 |
|
|
2 |
TickmillSince 2014 |
United Kingdom (Europe)
FCA , CySEC , FSCA , FSAS , and LabuanFSA NDD |
1:500 |
USD
, EUR
, GBP
, and PLN
$25 |
||
3 |
AlpariSince 1998 |
Russian Federation (Asia)
IFSC , NAFD , FSA , and AFD ECN |
1:1000 |
USD
, EUR
, and RUB
No min deposit! |
||
4 |
RoboForexSince 2012 |
Belize (North America)
IFSC STP , and ECN |
1:2000 |
USD
, EUR
, CNY
, and BTC
$100 |
||
5 |
XMSince 2009 |
Cyprus (Europe)
ASIC , IFSC , CySEC , and FSC MM |
1:30 |
USD
, EUR
, JPY
, GBP
, AUD
, CHF
, RUB
, and PLN
$5 |
||
6 |
Advanced MarketsSince 2006 |
Bermuda (North America)
AFSL , and FCA |
1:100 |
EUR
, USD
, and GBP
$2500 |
|
|
7 |
ACY SecuritiesSince 2011 |
Australia (Oceania)
ASIC , and VFSC ECN , MM , and STP |
1:30 (ASIC), 1:500 (VFSC) |
AZN
, CAD
, EUR
, GBP
, JPY
, NZD
, and USD
$50 |
|
|
8 |
IV MarketsSince 2019 |
China (Asia)
FSA , ASIC , and FSAS STP |
1:500 |
USD
$50 |
||
9 |
HFM BrokerSince 2010 |
Cyprus (Europe)
CySEC , FSC , DFSA , FCA , FSA , SV , and FSCA STP |
1:1000 |
USD
, EUR
, and PLN
$5 |
||
10 |
LibertexSince 1997 |
Cyprus (Asia)
CySEC MM , and STP |
1:30 |
USD
, EUR
, RUB
, and PLN
$100 |
||
11 |
FxProSince 2006 |
United Kingdom (Europe)
FCA , CySEC , FSCA , and SCB NDD |
1:200 |
USD
, EUR
, JPY
, GBP
, AUD
, CHF
, and PLN
$100 |
|
|
12 |
DukascopySince 1998 |
Switzerland (Europe)
FINMA ECN |
1:200 |
USD
, EUR
, GBP
, JPY
, AUD
, CHF
, CAD
, MXN
, NZD
, SEK
, RUB
, HKD
, SGD
, TRY
, and PLN
$1000 |
|
|
13 |
HYCMSince 1977 |
United Kingdom (Europe)
FCA , CySEC , CIMA , DFSA , and SV MM |
1:400 |
USD
, and EUR
$100 |
|
|
14 |
LiteForexSince 2005 |
Marshall Islands (Oceania)
Not regulated! ECN |
1:500 |
USD
, EUR
, CHF
, and RUB
$10 |
||
15 |
AMarketsSince 2007 |
Saint Vincent and the Grenadines (North America)
FSA NDD , ECN , and STP |
1:1000 |
USD
, EUR
, and RUB
$100 |
||
16 |
AdmiralsSince 2001 |
Australia (Oceania)
AFSL , FCA , and CNMV NDD , and ECN |
1:500 |
USD
, EUR
, GBP
, CHF
, and RUB
No min deposit! |
|
|
17 |
FiboGroupSince 1998 |
Austria (Europe)
FSC , and CNMV NDD , and MM |
1:500 |
USD
, EUR
, GBP
, CHF
, and RUB
No min deposit! |
|
|
18 |
FxGlorySince 2012 |
Georgia (Asia)
SV NDD , and MM |
1:3000 |
USD
$1 |
|
|
19 |
InstaForexSince 2007 |
Russian Federation (Asia)
RAUFR STP , and ECN |
1:1000 |
USD
, EUR
, and RUB
$1 |
||
20 |
FXOpenSince 2005 |
New Zealand (Oceania)
ASIC , and FCA ECN , STP , and MM |
1:500 |
USD
, EUR
, JPY
, GBP
, RUB
, AUD
, CHF
, and SGD
$1 |
||
21 |
FX ChoiceSince 2010 |
Belize (North America)
ASIC NDD |
1:200 |
USD
, EUR
, GBP
, AUD
, and CAD
$100 |
||
22 |
Forex4YouSince 2007 |
Virgin Islands, British (North America)
FSC NDD , and STP |
1:1000 |
USD
, EUR
, and RUB
$20 |
||
23 |
IronFXSince 2010 |
Cyprus (Asia)
ASIC , CySEC , FCA , and FSCA STP , and ECN |
1:1000 |
USD
, EUR
, GBP
, AUD
, JPY
, BTC
, PLN
, and CZK
$50 |
||
24 |
GrandCapitalSince 2006 |
Seychelles (Africa)
CySEC STP |
1:2000 |
USD
, EUR
, JPY
, GBP
, and RUB
$10 |
||
25 |
FBSSince 2009 |
Belize (North America)
IFSC , and NAFD ECN , and STP |
Maximum leverage value is unclear! |
USD
, and EUR
$1 |
||
26 |
ForexTimeSince 2011 |
Cyprus (Asia)
CySEC , and IFSC NDD , and ECN |
1:1000 |
USD
, EUR
, and GBP
$5 |
||
27 |
eToroSince 2007 |
Cyprus (Asia)
ASIC , FCA , CySEC , and CNMV NDD , and STP |
Maximum leverage value is unclear! |
USD
, EUR
, JPY
, GBP
, AUD
, CAD
, CNY
, and RUB
$50 |
|
|
28 |
DarwinexSince 2012 |
United Kingdom (Europe)
FCA STP , and DMA |
1:200 |
USD
, EUR
, and GBP
$500 |
|
|
29 |
AxiorySince 2011 |
Belize (North America)
IFSC NDD |
1:777 |
EUR
, and USD
$50 |
||
30 |
BlackBull MarketsSince 2014 |
New Zealand (Oceania)
FCA ECN , and NDD |
1:500 |
USD
, EUR
, GBP
, JPY
, AUD
, CAD
, and NZD
No min deposit! |
|
|
31 |
ProfiForexSince 2010 |
Belize (North America)
SIBA ECN , and STP |
1:500 |
AUD
, BTC
, CAD
, EUR
, GBP
, JPY
, NZD
, RUB
, CHF
, CNY
, UAH
, and USD
$5 |