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Recommended Online Forex Brokers

The forex brokers who make our Recommended Forex Brokers List are those brokers that missed out on making our Best Forex Brokers List by not meeting just one of the criteria or those forex brokers who received a rating of 6.0 or above in our independent trader ratings. The only other requirements for making this list is that they must have an independent trader rating of at least 5.00 and must have provided us with most of the information presented in our broker snapshots below.

There are 21 online forex brokers on this list. Including those forex brokers who are on our Best Forex Brokers List there are a total of 29 recommended forex brokers on this site. That is approximately on 7% of the total number of approximately 425 online forex brokers identified on this site, certainly a select group.

While the forex brokers on our Recommended Forex Brokers List may have a flaw here or there, they are minor in comparison to the majority of forex brokers out there on the Internet. No matter what your trading style, you should be able to find a broker on this list that will meet your needs.

(The number in parenthesis behind the broker name is their independent trader rating)

LiteForex (6.91)

Headquarters: Victoria, Mahe, Seychelles	Founded: 2004
Business Model: Market Maker	Forex Online Since: 2004
Regulated by: SIBA	Platform: MetaTrader 4
Minimium Account: $1	Typical Spread on Majors: 3-5 pips
Minimum Transaction: 10,000 units	Maximum Leverage: 500:1

Forex4you (7.07)

Headquarters: British Virgin Islands / UK	Founded: 2007
Business Model: Market Maker	Forex Online Since: 2007
Regulated by: Unknown	Platform: MetaTrader 4
Minimium Account: $1	Typical Spread on Majors: 0.5-4 pips
Minimum Transaction: 100 units	Maximum Leverage: 500:1

Loyal Forex Financial Ltd (8.41)

Headquarters: Anegada, British Virgin Islands	Founded: 2008
Business Model: STP/ECN	Forex Online Since: 2008
Regulated by: Unknown	Platform: MetaTrader 4
Minimium Account: $50	Typical Spread on Majors: 0.4-4 pips
Minimum Transaction: 500 units	Maximum Leverage: 400:1

EXNESS (8.03)

Headquarters: St. Petersburg, Russia	Founded: 2008
Business Model: Market Maker	Forex Online Since: 2009
Regulated by: FFMS	Platform: MetaTrader 4/5
Minimium Account: $100	Typical Spread on Majors: 0.3-2 pips
Minimum Transaction: 1000 units	Maximum Leverage: 1000:1

ForexCT (Forex Capital Trading) (6.81)

Headquarters: Melbourne, Australia	Founded: 2006
Business Model: Market Maker	Forex Online Since: 2006
Regulated by: ASIC	Platform: ForexCT
Minimium Account: $100	Typical Spread on Majors: 2-4 pips
Minimum Transaction: 10,000 units	Maximum Leverage: 400:1

IFC Markets (6.64)

Headquarters: British Virgin Islands / UK	Founded: 2003
Business Model: Market Maker	Forex Online Since: 2006
Regulated by: FSC	Platform: NetTradeX
Minimium Account: $1	Typical Spread on Majors: 2-4 pips
Minimum Transaction: 100 units	Maximum Leverage: 200:1

4RunnerForex (M&S Investment Group, Inc.) (7.32)

Headquarters: Tortola, British Virgin Islands	Founded: 2009
Business Model: STP	Forex Online Since: 2009
Regulated by: Unknown	Platform: MetaTrader 4
Minimium Account: $100	Typical Spread on Majors: 0.9-4 pips
Minimum Transaction: 1000 units	Maximum Leverage: 300:1

FIGfx (FIG Solutions Limited ) (6.71)

Headquarters: Limassol, Cyprus	Founded: 2007
Business Model: STP	Forex Online Since: 2008
Regulated by: Unknown	Platform: MetaTrader 4
Minimium Account: $25	Typical Spread on Majors: 1-4 pips
Minimum Transaction: 1000 units	Maximum Leverage: 500:1

1pipfix (7.61)

Headquarters: Toronto, Canada	Founded: 2008
Business Model: STP	Forex Online Since: 2008
Regulated by: Unknown	Platform: Meta Trader 4, Web Trader
Minimium Account: $100	Typical Spread on Majors: 1-3 pips
Minimum Transaction: 1000 units	Maximum Leverage: 300:1

Admiral Markets (6.44)

Headquarters: London, UK	Founded: 2001
Business Model: Market Maker	Forex Online Since: 2001
Regulated by: FSA	Platform: Meta Trader 4
Minimium Account: $10	Typical Spread on Majors: 2-5 pips
Minimum Transaction: 1,000 units	Maximum Leverage: 200:1

FXcast (5.86)

Headquarters: Port Louis, Mauritius	Founded: 2005
Business Model: Market Maker / NDD	Forex Online Since: 2007
Regulated by: FSC	Platform: MetaTrader 4
Minimium Account: $10	Typical Spread on Majors: 2-4 pips
Minimum Transaction: 1000 units	Maximum Leverage: 400:1

Marketiva (5.86)

Headquarters: Tortola, British Virgin Islands	Founded: 2005
Business Model: Market Maker	Forex Online Since: 2005
Regulated by: NFA, FSC	Platform: Streamster
Minimium Account: $1	Typical Spread on Majors: 2-4 pips
Minimum Transaction: 100 units	Maximum Leverage: 100:1

ATC Brokers (Avail Trading Corp.) (6.61)

Headquarters: Glendale, CA, USA	Founded: 2005
Business Model: ECN	Forex Online Since: 2005
Regulated by: NFA, CFTC	Platform: Currenex, DealBook FX 2, Meta Trader 4, Strategy Runner
Minimium Account: $2500	Typical Spread on Majors: 2-3 pips
Minimum Transaction: 100,000 units	Maximum Leverage: 100:1

Exto Capital (6.05)

Headquarters: Tortola, British Virgin Islands	Founded: 2005
Business Model: Market Maker	Forex Online Since: 2007
Regulated by: FDF	Platform: ABLETrend 7.0, Exto Pro Trader
Minimium Account: $5000	Typical Spread on Majors: 3-5 pips
Minimum Transaction: 10,000 units	Maximum Leverage: 200:1