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Next Best Forex Brokers


The forex brokers who make our Recommended Forex Brokers List are those brokers that just missed out on making our Best Forex Brokers List, in other words, our second Top Ten, those forex brokers ranked 11 through 20 in our independent trader ratings. There are 10 online forex brokers on this list. Including those forex brokers who are on our Best Forex Brokers List that is 4% of the 400 online forex brokers identified on this site, certainly a select group.

(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)

ActivTrades PLC Review ActivTrades PLC (7.44) ActivTrades PLC Review

Headquarters: London, UK Popularity Percentile: 74.8
Regulated by: FCA (UK) Platforms: Metatrader 4, Metatrader 5, MT4 Mobile, MT4 Web, MT5 Mobile
Forex Online Since: 2007 No. of Currency Pairs: 45
Broker Type / Order Processing: NDD Maximum Leverage: 1:400
Account Types: Four accounts depending upon account size in Euros, less than 50,000, 50,001 to 100,000, 100,000 to 250,000, and greater than 250,000 Client Funds Segregated: Yes
VPS Available: Yes, free with 2500 EUR account Minimum Account: $100
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: CHF, EUR, GBP, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: No Trading Contests: No
Languages: Arabic, Bulgarian, Chinese Simplified, Chinese Traditional, Dutch, English, French, German, Hungarian, Italian, Portuguese, Russian, Spanish

FreshForex Review FreshForex (7.37) FreshForex Review

Headquarters: Villa, St Vincent Popularity Percentile: 96.6
Regulated by: KROUFR (Russia) Platforms: Metatrader 4, MT4 Mobile
Forex Online Since: 2012 No. of Currency Pairs: 48
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:2000
Account Types: Classic, Market Pro, ECN Client Funds Segregated: No
VPS Available: Yes, $10 a month. Minimum Account: $1
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: BYR, CNY, EUR, KZT, RUB, UAH, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: No Trading Contests: Yes
Languages: Arabic, Chinese Simplified, English, Indonesian, Russian

Admiral Markets Group Review Admiral Markets Group (7.29) Admiral Markets Group Review

Subsidiaries: Admiral Markets Chile SpA - Montevideo, Uruguay; MTrading - Belmopan, Belize; Admiral Markets Pty Ltd (Australia) - Sidney, NSW, Australia; Admiral Markets Russia - St. Petersburg, Russia; Admiral Markets UK Ltd - London, UK; Admiral Markets Estonia - Tallinn, Estonia; Admiral Markets Cyprus - Limassol, Cyprus
Headquarters: Tallinn, Estonia Popularity Percentile: 96.4
Regulated by: EFSA (Estonia), CNMV (Spain), NAFD (Russia), FMRRC (Russia), CySEC (Cyprus), FCA (UK), ASIC (Australia), IFSC (Belize) Platforms: Metatrader 4, Metatrader 5, MT4 Mobile, MT4 Supreme, MT4 Web, MT5 Web
Forex Online Since: 2005 No. of Currency Pairs: 58
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:500
Account Types: Admiral.Markets, Admiral.Prime Client Funds Segregated: Maybe, depends on which subsidiary you trade with
VPS Available: No Minimum Account: $200
Islamic Swap Free Accounts: No Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, CHF, EUR, GBP, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Arabic, English

Tickmill Review Tickmill (7.22) Tickmill Review

Headquarters: London, UK Popularity Percentile: 95.6
Regulated by: FCA (UK), SFSA (Seychelles) Platforms: Metatrader 4, MT4 Mobile, MT4 Web, Myfxbook AutoTrade
Forex Online Since: 2014 No. of Currency Pairs: 62
Broker Type / Order Processing: ECN / DMA / NDD / STP Maximum Leverage: 1:500
Account Types: Classic, ECN Pro, VIP Client Funds Segregated: Yes, funds held with Barclays, Unicredit Pakao, Erste Bank, PPF Bank and others
VPS Available: Yes, 20% discount through BeeksFX Minimum Account: $25
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No 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: Chinese Simplified, English, Indonesian, Russian

Alpari Limited (Russia) Review Alpari Limited (Russia) (7.19) Alpari Limited (Russia) Review

Subsidiaries: Alpari International Limited - Ebene, Mauritius
Headquarters: Kingstown, St Vincent Popularity Percentile: 95.4
Regulated by: CBR (Russia), NBRP (Belarus), NAFD (Russia), FC (International), FSCM (Mauritius), IFSC (Belize) Platforms: Metatrader 4, Metatrader 5, MT4 Mobile, MT5 Mobile
Forex Online Since: 2000 No. of Currency Pairs: 46
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:1000
Account Types: nano.mt4, standard.mt4, ecn.mt4, pro.ecn.mt4, ecn.mt5 Client Funds Segregated: Yes
VPS Available: No Minimum Account: $1
Islamic Swap Free Accounts: No 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, Chinese Simplified, English, Hindi, Indonesian, Persian / Farsi, Portuguese, Russian, Spanish, Vietnamese

FXOpen Markets Limited Review FXOpen Markets Limited (7.16) FXOpen Markets Limited Review

Subsidiaries: FXOpen AU Pty Ltd - Sydney, NSW, Australia; FXOpen UK - London, UK
Headquarters: Charlestown, Nevis, St Kitts Popularity Percentile: 98.9
Regulated by: FC (International), ASIC (Australia), FCA (UK) Platforms: FXOpen Trader Android, Metatrader 4, MT4 Mobile, MT4 Web, Myfxbook AutoTrade, ZuluTrade Social
Forex Online Since: 2005 No. of Currency Pairs: 52
Broker Type / Order Processing: STP / ECN Maximum Leverage: 1:500
Account Types: Micro, STP, ECN, Crypto Client Funds Segregated: No
VPS Available: Yes, free with $5000 account Minimum Account: $1
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, CHF, EUR, GBP, JPY, RUB, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: Yes Trading Contests: Yes
Languages: Arabic, Chinese Simplified, English, German, Indonesian, Malay, Persian / Farsi, Portuguese, Russian, Spanish, Thai

Orbex Limited Review Orbex Limited (7.10) Orbex Limited Review

Headquarters: Limassol, Cyprus Popularity Percentile: 84.9
Regulated by: CySEC (Cyprus), FCA (UK), BaFin (Germany), AMF (France), CNMV (Spain) Platforms: Metatrader 4, MT4 Mobile, MT4 Multiterminal
Forex Online Since: 2002 No. of Currency Pairs: 35
Broker Type / Order Processing: NDD / ECN Maximum Leverage: 1:500
Account Types: Universal Mini, Universal Standard, Universal Advanced, ECN Standard, ECN Advanced Client Funds Segregated: Yes
VPS Available: Yes, free Minimum Account: $500
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.01 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: EUR, GBP, PLN, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: No
Languages: Arabic, Bengali, Chinese Simplified, English, German, Indonesian, Japanese, Persian / Farsi, Polish, Russian, Spanish, Urdu

Alfa-Forex Review Alfa-Forex (7.06) Alfa-Forex Review

Headquarters: Nicosia, Cyprus Popularity Percentile: 97.8
Regulated by: CySEC (Cyprus), FSC (BVI) Platforms: Metatrader 4, Metatrader 5, MT4 Mobile, MT5 Mobile, ZuluTrade Social
Forex Online Since: 2003 No. of Currency Pairs: 33
Broker Type / Order Processing: NDD Maximum Leverage: 1:100
Account Types: MetaTrader 4, MetaTrader 5, Zulutrade Client Funds Segregated: No
VPS Available: No Minimum Account: $1
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.1 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: EUR, RUB, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: Yes Trading Contests: No
Languages: English, Hebrew, Russian, Spanish

HYCM Review HYCM (7.04) HYCM Review

Related Brokers: PIPTRADE - London, UK; Henyep Capital Markets (DIFC) Ltd - Dubai, UAE; Henyep Capital Markets (UK) Limited - London, UK
Headquarters: London, UK Popularity Percentile: 83.1
Regulated by: FCA (UK) Platforms: Metatrader 4, MT4 Mobile, MT4 Web
Forex Online Since: 1999 No. of Currency Pairs: 38
Broker Type / Order Processing: NDD / STP Maximum Leverage: 1:300
Account Types: Mini, Standard, Premium Client Funds Segregated: Yes
VPS Available: No Minimum Account: $50
Islamic Swap Free Accounts: Yes Minimum Transaction: 0.02 Lot
PAMM Accounts: No Scalping Allowed: Yes
Account Currencies: USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: Yes
Copy / Social Trading: No Trading Contests: No
Languages: Arabic, Chinese Simplified, English, German, Italian, Russian, Spanish

OANDA Corporation Review OANDA Corporation (7.02) OANDA Corporation Review

Subsidiaries: OANDA Australia Pty Ltd - Sydney, Australia; OANDA Japan Inc. - Tokyo, Japan; OANDA Singapore - Singapore; OANDA (Canada) Corporation ULC - Toronto, ON, Canada; OANDA Europe Limited - London, UK
Headquarters: New York, NY, US Popularity Percentile: 98.3
Regulated by: NFA (US), IIROC (Canada), FCA (UK), MAS (Singapore), ASIC (Australia), JFSA (Japan), FFAJ (Japan) Platforms: fxTrade, fxTrade Mobile, Metatrader 4, MT4 Hedging, MT5 Mobile
Forex Online Since: 2001 No. of Currency Pairs: 90
Broker Type / Order Processing: NDD Maximum Leverage: 1:50
Account Types: fxTrade Client Funds Segregated: No
VPS Available: No Minimum Account: $1
Islamic Swap Free Accounts: No Minimum Transaction: 0.001 Lot
PAMM Accounts: Yes Scalping Allowed: Yes
Account Currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD Hedging Allowed: Yes
Automated Trading: Yes Signup Bonus: No
Copy / Social Trading: No Trading Contests: No
Languages: Chinese Simplified, English, French, German, Italian, Japanese, Portuguese, Russian, Spanish

Latest Next Best Forex Broker News


Alfa-Forex Releases New Mobile Trading App

22 Feb 2017, Nicosia, Cyprus - SMN Weekly - Cyprus-based forex broker Alfa-Forex announced it has launched a new application with trading capabilities for mobile devices. The app is currently available for mobile phones and . . .


Alfa-Forex Sets New Default Leverage in Line with CySEC Rules

1 Feb 2017, Nicosia, Cyprus - SMN Weekly - Cyprus-based forex broker Alfa-Forex has started offering a new leverage cap and is performing appropriateness test to assess whether traders should get the cap for experienced or . . .


Tickmill Introduces New Technical Analysis Tool to Enhance Trading

2 Jan 2017, London, UK - Finance Magnates - The broker has teamed up with Autochartist to provide a faster and smarter trading service to its clients. Online forex and CFD broker Tickmill has teamed up with Autochartist to . . .


Admiral Markets Begins Publishing Execution Statistics

28 Dec 2016, Tallinn, Estonia - LeapRate - Europe based brokerage Admiral Markets just announced that are introducing their new Order execution quality page which will help traders find key information about the benefits of . . .


Alpari Starts Operations in Belarus

7 Dec 2016, Belarus - LeapRate - Retail forex broker Alpari has announced that on December 6 Belarusian Currency and Stock Exchange confirmed that Alpari Eurasia has successfully passed the software test for compliance with . . .



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More Next Best Forex Broker News

Alpari becomes a Licensed Forex Dealer in Russia

28 Nov 2016, Moscow, Russia - Alpari News/Press Release - The central bank of the Russian Federation finalised its decision to issue Alpari Forex Ltd. with a license granting the company the right to conduct its activities as . . .


Bulgaria's FSC Warns agains Unauthorized Broker FXOpen and Others

21 Nov 2016, Sofia, Bulgaria - SMN Weekly - Bulgaria's Financial Supervision Commission (FSC) issued on Friday an updated list of financial service providers unauthorized to operate in the country. The list includes famous . . .


Tickmill Expands its Global Footprint as FCA UK Licensed Regulated Broker

9 Nov 2016, London, UK - Tickmill - Tickmill is proud to announce that their UK entity, Tmill UK Limited, is now licensed and regulated by the Financial Conduct Authority (FCA), under registration number 717270. The FCA is a . . .


FreshForex Launches First Ever Forex Trading Service via Telegram Messaging App

14 Sep 2016, Villa, St. Vincent and the Grenadines - SMN Weekly - Offshore forex broker FreshForex said on Wednesday it has launched trading via messaging application Telegram, using its Easy bot software. The service, the . . .


OANDA Takes Top Honours Among US Forex Brokers

13 Sep 2016, San Francisco, CA, USA - OANDA Press Release - Global FX broker increases market share, and earns praise for highest levels of satisfaction from its client base and providing best value for money. OANDA, a global . . .


Alpari Reapplies for Russian Forex License

8 Aug 2016, Moscow, Russia - SMN Weekly - Alpari, the largest broker in Russia in 2015, has reapplied for a forex license from the Bank of Russia, which serves as a financial regulator and issues the licenses, reports the . . .


OANDA Named World's Best Retail FX Platform

28 Jul 2016, San Francisco, CA, USA - OANDA Press Release - OANDA has been named the world's Best Retail FX Platform at the prestigious e-FX awards by leading industry publication FX Week, beating out a host of competitors . . .


HY Markets Rebrands as HYCM, Launches New Web Platform

18 Jul 2016, London, UK - SMN Weekly - As of today, Henyep Capital Markets, a. k. a. HY Markets, rebrands as HYCM, also consolidating its capital markets investment brands PIPtrade and Henyep Capital Markets (DIFC). Besides, . . .


The National Bank of Belarus Includes Alpari in its List of Registered Forex Companies

12 Jul 2016, Minsk, Belarus - PRNewsWire - The National Bank of the Republic of Belarus included Alpari Eurasia Ltd. in its list of registered Forex companies. As such, clients of this company - a part of the international . . .


Bank of Russia Denies Forex Broker Licenses to Alpari and Forex Club

3 Jun 2016, Moscow, Russia - SMN Weekly - Russia's financial megaregulator, the Bank of Russia has denied forex broker license to the two largest forex brokers in terms of trading volume in 2015 in the country Alpari and ForexClub.


Orbex Awarded The 'Best Education Provider 2016'

19 May 2016, Limassol, Cyprus - Orbex - Orbex wins the 'Best Education Provider 2016' award, confirming its leading status in forex education. Orbex has won a prestigious award the 'Best Education Provider 2016' by . . .


Russia's Alfa-Bank to Set up Daughter Company Alfa-Forex, Apply for Russian Forex Broker License

3 May 2016, Russia - SMN Weekly - Russia's largest privately owned commercial bank Alfa-Bank announced its board of directors decided to set up own daughter forex broker company Alfa-Forex. Currently the bank operates an . . .


Tickmill Wins Two Prestigious Awards at the 2016 China Forex Expo

22 Apr 2016, Mahe, Seychelles - PRNewsWire UK - Global ECN broker Tickmill is proud to earn recognition from the prestigious 2016 Chinese Forex Expo for its market-leading efforts as a customer-friendly company that places . . .


Offshore Broker FreshForex to Switch Fully to Market Order Execution Mode

12 Apr 2016, Villa, St. Vincent and the Grenadines - SMN Weekly - Offshore forex broker FreshForex said on Monday it has decided to cancel all requotes and to transfer all client accounts from instant execution to market . . .


Admiral Markets Wins FxCuffs Competition Second Year Running

7 Apr 2016, Talinn, Estonia - Admiral Markets Press Release - For the first time ever, one broker has won the Forex FxCuffs competition twice in a row. "Admiral Markets is the only broker to achieve this record," said chief . . .


FX Empire Awards, Alpari Wins Best Trading Platform and Best Customer Support

1 Mar 2016, Tel Aviv, Israel - Investing.com - Alpari's extremely high standards in its work have once again been recognised by prestigious awards. On this occasion, the company received two awards from FX Empire, an . . .


OANDA Acquires TradeStation Forex Accounts

24 Feb 2016, San Francisco, CA, USA - OANDA Press Release - OANDA, a leading global provider of online foreign exchange and over-the-counter commodities and indices trading services, today announced an agreement to acquire . . .


Russia's Alpari Adopts MT5 Trading Platform

18 Feb 2016, Russia - The Forex Review - Russian forex brokerage group Alpari said it has added the MetaTrader 5 (MT5) trading platform to its offering and has launched new instruments for binary options trading. Alpari has . . .


Alpari Applies for Russian Forex Dealer License

16 Dec 2015, Moscow, Russia - LeapRate - Alpari has joined the string the Forex companies applying for a Russian Forex dealer license. On Tuesday, December 15th, Alpari Forex submitted the necessary documents with the Bank of Russia.


ActivTrades Again Wins the Title of "Best Forex Broker" at Moscow Forex Expo 2015

17 Oct 2015, Moscow, Russia - Market Leader - The 19th international exhibition of stock industry and forex Moscow Forex Expo 2015 was held in Moscow on September 25-26. Traditionally, a luxurious business-hotel "Radisson . . .


FreshForex is the Best Broker in Asia

19 Sep 2015, Shanghai, China - PRWeb - One of the leaders of the Russia and CIS market, FreshForex company, was recognized as the best broker in Asia at the international exhibition Shanghai Forex Expo 2015. From 11 to 13 of . . .


Alfa Forex Gets Registered as Cyprus Investment Firm

16 Sep 2015, Nicosia, Cyprus - LeapRate - The Cyprus Securities and Exchange Commission (CySEC) earlier today announced that it has awarded one more license to a Forex broker. The new licensee, which joins the list of Cyprus . . .