BEST ONLINE FOREX BROKERS
The Internet's Most Comprehensive List of
Online Forex Brokers and Forex Broker Reviews

Best Forex Brokers

Below are the online forex brokers that are highly recommended. Why do we highly recommend these forex brokers? Well first of all, we don't. Our opinion plays no role in deciding which brokers make this list. The retail forex traders of the world determine these ratings. These are the 10 highest ratest brokers in the world based on over 99,000 ratings / reviews given by retail traders throughout the world and collected by our staff from numerous websites.

There are 10 online forex brokers on this list and we have over 500 brokers identified on this website. This is therefore, in the collective opinion of the world's retail forex traders, the cream of the crop, the top 2%. Want more choices? Check out our Recommended Forex Brokers List, our Top Rated Online Forex Brokers List, which includes 100 online forex brokers along with their independent trader ratings, our Most Popular Online Forex Brokers List or for the ultimate in choice, our Alphabetical List of Brokers which contains more than 500 forex brokers with links to their sites.

(The number in parenthesis behind the broker name is their independent trader rating. You can click on the regulation info to verify the broker's regulation. Languages link to the broker's site in that language)

HotForex Review HotForex (8.15) HotForex Review

Headquarters: Ebene, Mauritius Popularity Percentile: 88.6
Regulated by: FSCM (Mauritius), FCA (UK), CySEC (Cyprus), BaFin (Germany), AMF (France), FSB (SA), BA (Africa) Platforms: Metatrader 4, MT4 Mobile, MT4 Web, RapidTrader FIX/API by Integral
Forex Online Since: 2009 No. of Currency Pairs: 47
Broker Type / Order Processing: NDD Maximum Leverage: 1:1000 (Micro)
Account Types: Micro, Premium, VIP, Zero Spread, Fixed, Currenex, HF Social, Islamic Client Funds Segregated: Yes, through Safyr, funds held in Barclays
VPS Available: Free with $5000 deposit Minimum Account: $25
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: EUR, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Arabic, Bengali, Bulgarian, Chinese Simplified, Chinese Traditional, English, French, German, Greek, Indonesian, Italian, Korean, Malay, Persian / Farsi, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese

XM Review XM (8.05) XM Review

Headquarters: Limassol, Cyprus Popularity Percentile: 96.1
Regulated by: CySEC (Cyprus), FCA (UK), ASIC (Australia), BaFin (Germany), AMF (France), CNMV (Spain), FI (Sweden), MNB (Hungary) Platforms: Metatrader 4, MT4 Mobile, MT4 Multiterminal, MT4 Web
Forex Online Since: 2009 No. of Currency Pairs: 55
Broker Type / Order Processing: STP Maximum Leverage: 1:888
Account Types: Micro, Standard, Zero Client Funds Segregated: Yes, funds held in Barclays Bank Plc
VPS Available: Free with $5000 account Minimum Account: $5
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: AUD, EUR, GBP, JPY, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: No Trading Contests: Yes
Languages: Arabic, Bengali, Chinese Simplified, Chinese Traditional, Czech, Dutch, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Persian / Farsi, Polish, Portuguese, Russian, Spanish, Swedish, Tagalog, Thai, Turkish, Vietnamese

IC Markets Review IC Markets (8.01) IC Markets Review

Headquarters: Sydney, NSW, Australia Popularity Percentile: 96.8
Regulated by: ASIC (Australia) Platforms: cTrader, cTrader cAlgo, cTrader Mobile, cTrader Web, FIX API, Metatrader 4, Metatrader 5, MT4 Mobile, Myfxbook AutoTrade, SignalTrader, ZuluTrade Social
Forex Online Since: 2007 No. of Currency Pairs: 64
Broker Type / Order Processing: ECN Maximum Leverage: 1:500
Account Types: Standard, True ECN, cTrader ECN, Islamic Swap Free Client Funds Segregated: Yes, funds held in National Australia Bank and Westpac Banking Corporation
VPS Available: 100 round turn lots per month qualifies for sponsored VPS Minimum Account: $200
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, EUR, GBP, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: No Trading Contests: No
Languages: Chinese Simplified, English, Japanese, Russian

FXTM Europe Review FXTM Europe (7.99) FXTM Europe Review

Subsidiaries: FXTM Global - Belize City, Belize
Headquarters: Limassol, Cyprus Popularity Percentile: 98.1
Regulated by: CySEC (Cyprus), FCA (UK), BaFin (Germany), AMF (France), CNMV (Spain), CNB (Czech Rep), MNB (Hungary), IFSC (Belize) Platforms: Metatrader 4, Metatrader 5, MT4 Mobile, MT4 Multiterminal, MT4 Web, MT5 Mobile
Forex Online Since: 2011 No. of Currency Pairs: 58
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:1000
Account Types: Standard, Cent, ECN, ECN Zero, ECN MT5. ECN Strategy, Pro Client Funds Segregated: Yes
VPS Available: Yes Minimum Account: $5
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: EUR, GBP, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Arabic, Chinese Simplified, Czech, English, French, Hindi, Indonesian, Italian, Korean, Malay, Polish, Russian, Spanish, Thai, Urdu, Vietnamese

Exness (Cy) Ltd. Review Exness (Cy) Ltd. (7.82) Exness (Cy) Ltd. Review

Headquarters: Limassol, Cyprus Popularity Percentile: 99.4
Regulated by: CySEC (Cyprus), BaFin (Germany), CNMV (Spain), FI (Sweden), IFSC (Belize), NAFD (Russia), FMRRC (Russia) Platforms: Metatrader 4, Metatrader 5, MT4 Mobile, MT4 Web, MT5 Mobile
Forex Online Since: 2008 No. of Currency Pairs: 105
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:2000
Account Types: Mini, Classic, ECN Client Funds Segregated: Yes
VPS Available: Yes, free Minimum Account: $1
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, PLN, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: No
Languages: Arabic, Bengali, Chinese Simplified, English, French, German, Hindi, Indonesian, Italian, Korean, Malay, Persian / Farsi, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese

Global Prime Pty Ltd Review Global Prime Pty Ltd (7.77) Global Prime Pty Ltd Review

Headquarters: Sydney, NSW, Australia Popularity Percentile: 88.1
Regulated by: ASIC (Australia) Platforms: FIX API, Metatrader 4, MT4 Mobile, Myfxbook AutoTrade
Forex Online Since: 2010 No. of Currency Pairs: 42
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:100
Account Types: ECN Client Funds Segregated: Yes, held in trust account with Westpac Banking Corporation
VPS Available: Free through ForexVPS.net with 20 lots per month or discounted through Beeks FX VPS Minimum Account: $500
Islamic Swap Free Accounts: No Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, CAD, EUR, GBP, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: No
Languages: English

FxPro Financial Services Ltd Review FxPro Financial Services Ltd (7.67) FxPro Financial Services Ltd Review

Headquarters: London, UK Popularity Percentile: 89.6
Regulated by: FCA (UK), CySEC (Cyprus) Platforms: cTrader, cTrader Mobile, cTrader Web, FxPro SuperTrader, Metatrader 4, Metatrader 5, MT4 Mobile, MT4 Multiterminal, MT4 Web, MT5 Mobile
Forex Online Since: 2006 No. of Currency Pairs: 70
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:500
Account Types: MT4 Floating Instant, MT4 Floating Market, MT4 Fixed Instant, MT5 Floating Market, cTrader, SuperTrader Client Funds Segregated: Yes
VPS Available: Yes Minimum Account: $500
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: No
Account Currencies: AUD, CHF, EUR, GBP, JPY, PLN, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: No
Languages: Arabic, Chinese Simplified, English, French, German, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese

GKFX Financial Services Ltd Review GKFX Financial Services Ltd (7.62) GKFX Financial Services Ltd Review

Subsidiaries: Charles FX Financial Ltd. - London, UK; GKFX Jie Kai Financial - Shanghai, China; GKFX Russia - Moscow, Russia; GKFX Prime - Road Town, Tortola, BVI; GKFX Securities Co., Ltd. - Tokyo, Japan; GKFX Trading Services Spain SL - Madrid, Spain
Headquarters: London, UK Popularity Percentile: 82.8
Regulated by: FCA (UK), BaFin (Germany), AMF (France), AFM (Netherlands), CONSOB (Italy), SECP (Pakistan), CNMV (Spain), FSC (BVI) Platforms: GKFX WebTrader, Metatrader 4, MT4 Multiterminal, MT4 Web
Forex Online Since: 2010 No. of Currency Pairs: 50
Broker Type / Order Processing: MM Maximum Leverage: 1:400
Account Types: FIX, Variable, Swap Free, VIP, MAM Client Funds Segregated: Yes
VPS Available: Yes, free with $4000 account Minimum Account: $1
Islamic Swap Free Accounts: No Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: No
Account Currencies: EUR, GBP, USD Hedging Allowed: No
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: No Trading Contests: No
Languages: Arabic, Chinese Simplified, Chinese Traditional, Czech, Dutch, English, French, German, Greek, Hungarian, Indonesian, Italian, Korean, Polish, Romanian, Russian, Slovak, Spanish, Swedish, Vietnamese

Pepperstone Financial Party Ltd Review Pepperstone Financial Party Ltd (7.59) Pepperstone Financial Party Ltd Review

Headquarters: Melbourne, VIC, Australia Popularity Percentile: 86.8
Regulated by: ASIC (Australia) Platforms: cTrader, cTrader cAlgo, cTrader Mobile, cTrader Web, FIX API, Metatrader 4, Metatrader 5, MT4 Mobile, MT4 Web, Myfxbook AutoTrade
Forex Online Since: 2010 No. of Currency Pairs: 70
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:500
Account Types: Standard STP, Razor, Islamic Client Funds Segregated: Yes, funds held in trust accounts with The National Australia Bank
VPS Available: Yes, discounted through ForexVPS.net Minimum Account: $200
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: No
Languages: Arabic, Chinese Simplified, English, Indonesian, Japanese, Korean, Russian, Spanish, Thai, Vietnamese

Dukascopy Bank SA Review Dukascopy Bank SA (7.51) Dukascopy Bank SA Review

Subsidiaries: Dukascopy Europe IBS AS - Riga, Latvia; Dukascopy Japan Co. - Tokyo, Japan
Headquarters: Geneva, Switzerland Popularity Percentile: 98.6
Regulated by: FINMA (Switzerland), JFSA (Japan), FFAJ (Japan), FCMC (Latvia) Platforms: FIX API, Forex Trader Mobile, JForex, JForex Web, MT4 Bridge, SWFX Mobile
Forex Online Since: 2006 No. of Currency Pairs: 52
Broker Type / Order Processing: ECN Maximum Leverage: 1:100
Account Types: Single Account Type Client Funds Segregated: Available through personal Swiss bank accounts
VPS Available: No Minimum Account: $100
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, MXN, NOK, NZD, PLN, RUB, SEK, SGD, TRY, USD, ZAR Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Arabic, Chinese Simplified, English, French, German, Italian, Japanese, Polish, Portuguese, Spanish

Latest Top Ten Forex Broker News


XM Commences Its UK Office

22 Nov 2016, London, UK - XM - XM Group is pleased to announce the commencement of operations of its UK entity XM UK (Trading Point of Financial Instruments UK). XM UK, situated in what is known as the world's most known . . .


HotForex Named Best Forex Broker in Middle East

17 Nov 2016, Dubai, UAE - PRNewsWire - HotForex won the Best Forex Broker Middle East Award 2016 at the 17th MENA FFXPO Dubai. HotForex was chosen by the 17th MENA FFXPO Dubai, one of the leading financial exhibitions in the . . .


GKFX Gets 3.5 Million Pounds Capital Boost Led by its Owners

3 Nov 2016, London, UK - Finance Magnates - GKFX has secured investments from its owners in two previous funding rounds. UK-based FCA-regulated broker GKFX Financial Services limited, known by its GKFX brand, has raised 3. 5 . . .


Forex Broker XM Applies for License with South Africa's FSB

10 Oct 2016, Pretoria, South Africa - SMN Weekly - Dually-licensed forex brokerage XM has applied for a financial service provider license with the Financial Services Board (FSB) of South Africa, according to data published . . .


HotForex Crowned Best New Forex Broker in South Africa

4 Oct 2016, Port Louis, Mauritius - PRNewsWire - Global Banking & Finance Review Honored HotForex With the Best New Forex Broker South Africa 2016 Award. Online forex and commodities broker, HotForex added one more trophy to . . .


Pepperstone Receives FCA License, Set to Expand in the UK

26 Sep 2016, London, UK - LeapRate - LeapRate has learned that ASIC regulated, Melbourne, Australia based retail forex broker Pepperstone is getting set to announce a major expansion in the UK and Europe. One of Australia's . . .


Exness Announces FCA License and Launches Plans to Expand in Europe

6 Sep 2016, London, UK - LeapRate - Leading forex broker Exness is pleased to announce that its UK entity, Exness Europe Limited, has received regulatory approval from the Financial Conduct Authority (FCA), under Register . . .


FXTM to Hike Leverage to 1,000:1 for all ECN Accounts Beginning in September 2016

23 Aug 2016, Limassol, Cyprus - SMN Weekly - Cyprus-regulated forex broker ForexTime, or FXTM, said on Tuesday it is raising the leverage rate for all trading accounts on its ECN accounts to a maximum 1,000:1. The change will . . .


HotForex Fined 105,000 Euros by CySec for Multiple Violations

19 Aug 2016, Nicosia, Cyprus - Cyprus Securities and Exchange Commission - The Board of the Cyprus Securities and Exchange Commission (the 'CySEC') wishes to inform investors that, at its meeting held on January 18, 2016, . . .



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More Top Ten Forex Broker News

Dukascopy Strikes White Label Partnership with Belorussian Bank, MTBank

13 Jul 2016, Belarus - Finance Magnates - The brand will launch under the name MTBankFX, utilizing Dukascopy Bank's trading technology. Dukascopy Bank has launched a new white-label partnership with MTBank, a bank in the . . .


FXTM Awarded with 'Best Forex Broker' in the 2016 European CEO Awards

27 Jun 2016, Stockholm, Sweden - FXTM - FXTM is proud to be awarded "Best Forex Broker" of 2016 by the prestigious European CEO Awards. The distinction highlights our premier position as an authority in the Forex industry, . . .


HotForex is Granted a Financial Service Provider (FSP) License by the Financial Services Board (FSB) of South Africa

21 Jun 2016, Johannesburg, South Africa - PRNewsWire - The HotForex Brand has now Been Officially Licensed by the Financial Services Board (FSB) of South Africa, Solidifying its Commitment to Offering Clients the Highest . . .


FXTM Publishes Trading Servers' Statistics, Providing Full Transparency for Clients

15 Jun 2016, Limassol, Cyprus - PRNewsWire - Statistics reveal excellent trading conditions & exemplary customer service. Global award-winning forex broker, FXTM, has taken another step towards satisfying the market's demand . . .


HotForex Wins the 'Best Broker for News and Analysis' Award

19 May 2016, Port Louis, Mauritius - PRNewsWire - Online forex broker HotForex has been recognised at the prestigious MENA Forex Show Awards for its exemplary market news and analysis service, winning the title 'Best Broker . . .


FxPro Wins 'Best FX Provider' at the 2016 City of London Wealth Management Awards

21 Apr 2016, London, UK - PRNewsWire - FxPro is pleased to announce that it has received the 'Best FX Provider' award at the 2016 City of London Wealth Management Awards, making this the third year in a row that we accept . . .


ForexTime Limited Officially Opens its Doors in London

18 Apr 2016, London, UK - FXTM - On April 18, 2016, ForexTime Limited (FXTM) has officially opened a fully operational division in the UK! As part of FXTM's natural and rapid growth over the last few years, this development . . .


HotForex Lauches its Own Proprietary Mobile Trading App for Android and IOS

11 Apr 2016, Ebene, Mauritius - SMN Weekly - Regulated forex broker HotForex said on Monday it has launched its own proprietary self-branded trading application for Android and iOS mobile devices. It allows trading in forex, . . .


AtoZ Forex's Best MT4 Forex Broker Award goes to Exness

24 Mar 2016, Amsterdam, Netherlands - AtoZ Forex - It has been a memorable week with various AtoZForex's awards ceremonies held for the winners of the nine prestigious categories. EXNESS, a Cyprus Based (FOREX) Foreign . . .


Exness Leads Market Breakthrough with Unlimited Leverage

23 Mar 2016, Limassol, Cyprus - EXNESS News - With today's launch of Unlimited Leverage, Exness brings to the forex market a never-before-seen leverage, opening up a world of limitless possibilities to experienced traders.


Exness Wins Best Educational Broker Award at FX Empire Awards 2015

7 Mar 2016, Tel Aviv, Israel - Investing.com - Exness is proud to be named the Best Educational Broker at FX Empire Broker Awards 2015, a vote-based competition that saw the participation of more than 10,000 traders this year.


Pepperstone Gets Majority Stake Investment from CHAMP Private Equity Firm

3 Mar 2016, Melbourne, Australia - Finance Magnates - The Australia-based Forex and CFD brokerage operated under the Pepperstone brand, has today announced a major strategic investment from CHAMP Private Equity ltd a . . .


Dukascopy TV Receives Online Media License from OFCOM

20 Jan 2016, Switzerland - LeapRate - Swiss Forex broker and bank Dukascopy today announces that Dukascopy TV has received a license from the Swiss Federal Office of Communications (OFCOM). As a result, Dukascopy TV is now . . .


GKFX to Provide Algorithmic Trading Through Tradeworks

13 Jan 2016, London, UK - LeapRate - Forex brokerage GKFX will get access to Tradeworks' proprietary provisioning portal and API, which enables a fully integrated, real-time, client provisioning experience. GKFX, an FCA . . .


FxPro Receives Multiple FX Awards

15 Dec 2015, Limassol, Cyprus - Gold News - Limassol-headquartered online forex broker FxPro has received two prestigious industry awards, having been named "Best Forex Provider" at the 2015 Investors Chronicle & Financial . . .


FxPro Celebrates Double Award Triumph

2 Dec 2015, London, UK - PRNewsWire Asia - For yet another year, online broker FxPro proudly receives worldwide recognition as a top-class financial service provider after being honoured with major prestigious accolades.


EXNESS Launches Separate Website for CySEC-Regulated Operations

29 Oct 2015, Cyprus - LeapRate - Online trading services provider EXNESS Group has announced the launch of a separate website for its Cypriot subsidiary EXNESS (CY) LTD. As of today October 29, 2015, EXNESS (CY) LTD's website . . .


FxPro Announces South Africa FSB Licence

27 Oct 2015, Pretoria, South Africa - PRNewsWire UK - FxPro Financial Services Limited ('FxPro') is pleased to announce that it has acquired authorisation by the South Africa Financial Services Board ('FSB') to operate as a . . .


Dukascopy Japan Officially Launches after Successful Acquisition

16 Oct 2015, Tokyo, Japan - Finance Magnates - The launch of Dukascopy in the country comes after its voluntary withdrawal earlier this year on the back of the acquisition of Alpari Japan. The Japanese subsidiary of Dukascopy . . .


HotForex Raises the Bar, Earning 'Best Customer Service Provider 2015' Award

13 Oct 2015, Port Louis, Mauritius - PRNewsWire - HotForex has been recognised as 'Best Customer Service Provider for 2015' by European CEO, the leading European business publication. This prestigious accolade testifies to . . .


FxPro Wins Forex Provider of the Year and Best MT5 Broker at the UK Forex Awards

22 Sep 2015, London, UK - PRNewsWire - FxPro has once again been recognised by the financial services community for the excellence of its trading facilities. The UK headquartered financial services provider won "Best MT5 . . .


ASIC - Two Overseas Entities, FIBO Group Limited and XM.com, Agree to Stop Providing Unlicensed FX Services in Australia

27 Aug 2015, Australia - ASIC Media Release - Following ASIC concerns, British Virgin Island company FIBO Group Limited (FIBO) and a Cyprus company, Trading Point of Financial Instruments Limited (also known by the trading . . .


Dukascopy Introduces Non-Deliverable Gold Accounts

26 Aug 2015, Geneva, Switzerland - Finance Magnates - Traders can rely on the safe haven status of gold and still trade their favorite asset classes without having to engage in complex transactions. Swiss brokerage Dukascopy . . .


FXTM Receives Double Award at 2015 Forex Report Awards

7 Aug 2015, Limassol, Cyprus - Web Newswire - International forex broker ForexTime (FXTM) has been announced as 'Best Broker Eastern Asia, including China' and 'Best Affiliate Programme' by the Forex Report 2015 Awards. The . . .


Dukascopy Bank Acquires Alpari Japan to Re-enter the Japanese Market

5 Aug 2015, Geneva, Switzerland - Finance Magnates - Alpari Japan will be renamed Dukascopy Japan and will offer forex trading through Dukascopy proprietary trading technology. This June, the Swiss arm of Dukascopy Bank . . .


Dukascopy Announces Exit from Japanese Market With a Client Note

25 Jun 2015, Geneva, Switzerland - Finance Magnates - After no official announcement about entering the Japanese market has been made the Swiss brokerage terminates its operations in the country. In a surprise note to Japanese . . .