If you want to trade the Forex markets, it’s important to pick the right broker. Here are the top 10 Forex brokers in the world according to Investopedia’s independent rankings of their merits.
RoboForex is a Cyprus-based brokerage that has been around since 2005. This broker only offers trading for popular currencies, but it also has over 1,000 assets on offer for CFD trading—including commodities and indices. Its 1:500 leverage makes it one of the most generous platforms on our list (and is second only to Nadex). It’s also one of only two companies that doesn’t charge commissions on trades.
2. Admiral Markets
With over 20 years of experience, Admiral Markets is one of Europe’s leading online trading platforms. With an extensive range of financial instruments and trading tools, it makes for a perfect choice for traders who want to keep costs low. The platform is available both on desktop and mobile devices, providing 24/5 access to your account. Additional features include free demo accounts, pre-built indicators, customizable newsfeeds and more than 50 technical indicators on all markets.
With both an online and offline presence, Tickmill offers everything a trader could need. Based in London with offices across Asia, Tickmill is one of Europe’s most reliable forex brokers. In addition to offering a fully-fledged website and mobile app, it also features free seminars and free training material for customers. With over twenty years’ experience under its belt, Tickmill offers all of its clients personalised service from experienced staff who are dedicated to providing help whenever it is needed.
FxPro is a CySEC regulated forex broker that offers traders access to major forex, commodities, stocks and indices markets with a wide range of currency pairs, as well as CFDs on key global indices and commodities. With FxPro’s mobile trading app, you can trade anywhere at any time while on-the-go. In addition to its wide range of CFD offerings, FxPro also provides daily news updates via its social platforms.
This web-based brokerage offers both forex and CFD trading with a minimum deposit of $200 and no commissions on its foreign exchange services. While Forex4you doesn’t have as many features as other brokers, it does allow for easy deposits and withdrawals from most banks around the world. U.S.-based traders won’t be able to use its services, however, due to regulatory issues.
Evotrade has been around since 2008, offering forex trading with several payment options including credit cards and PayPal. The company offers products from over 250 currency dealers and specializes in delivering trading that’s responsive to their customer’s needs. This client-centric business is behind a forex demo account that lets users practice on virtual currency before investing real funds. To add an extra layer of confidence, Evotrade includes free and simple training courses to introduce new traders to market fundamentals.
7. EXNESS Group
EXNESS Group is a leading international provider of online trading services, financial and educational solutions for individual traders and institutional clients. Since 2007, it has provided services to more than 800 thousand clients worldwide, offering them investment products and solutions on more than 200 markets including Forex, CFDs, spot metals, precious metals and energies.
Global trading pioneer eToro has always been at forefront of innovation. The platform offers a uniquely social experience, with users sharing and discussing trading strategies and ideas. According to a 2018 interview with eToro’s CEO Yoni Assia on fintech podcast The Future, we can expect more developments from eToro in the near future—including an expansion into cryptocurrency exchange services.
9. Interactive Brokers
Interactive Brokers offers a variety of trade sizes and accounts, depending on which currency pairs you want to focus on. This is an excellent broker for beginners who are looking to dabble with both major and minor currencies, as Interactive Brokers has an attractive offering at both ends of the spectrum. IB is one of only two forex brokers rated five stars by investment analyst firm Weiss Ratings and they offer up to $20,000 of no-deposit bonus credit that you can use right away to start trading!
10. Thinkorswim by TD Ameritrade
TD Ameritrade is one of the leading providers of trading, investing and wealth management solutions. TD Ameritrade’s Thinkorswim platform features powerful charting, large screen and market research tools that can help you make better investment decisions, as well as trade stocks and options on more than 120 markets around the world. Thinkorswim also offers active trader tools and resources to help you execute high-volume trades without any extra fees or commissions.