Best Online Forex Brokers
The Internet's Most Comprehensive List of
of Forex Brokers and Forex Broker Reviews

Recommended Online Forex Brokers


The forex brokers who make our Recommended Forex Brokers List are those brokers who 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 4.25 and must have provided us with most of the information presented in our broker snapshots below.

There are 29 online forex brokers on this list. Including those forex brokers who are on our Best Forex Brokers List there are a total of 38 recommended forex brokers on this site. That is approximately on 17% on the total number of approximately 220 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)
FastBrokersFx (6.04)
Headquarters: Glendale, CA, USA Founded: 2004
Business Model: ECN Forex Online Since: 2004
Regulated by: NFA, CFTC Platform: Meta Trader 4, Currenex ECN, Integral ECN
Minimium Account: $500 Typical Spread on Majors: 1-3 pips
Minimum Transaction: 1000 units Maximum Leverage: 200:1

Marketiva (5.18)
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

eToro (7.36)
Headquarters: Limassol, Cyprus Founded: 2006
Business Model: Market Maker Forex Online Since: 2007
Regulated by: ?? Platform: eToro
Minimium Account: $50 Typical Spread on Majors: 3-4 pips
Minimum Transaction: 10,000 units Maximum Leverage: 400:1

Forex WebTrader (5.66)
Headquarters: Dusseldorf, Germany Founded: 2003
Business Model: Market Maker Forex Online Since: 2007
Regulated by: BaFin Platform: ABLETrend 7.0
Minimium Account: $25 Typical Spread on Majors: 3-5 pips
Minimum Transaction: 1000 units Maximum Leverage: 100:1

AVA FX (5.09)
Headquarters: Tortola, British Virgin Islands Founded: 2006
Business Model: Market Maker Forex Online Since: 2006
Regulated by: BVI Platform: ICTS, AVA Trader
Minimium Account: $100 Typical Spread on Majors:  3-4 pips
Minimum Transaction: 10,000 units Maximum Leverage: 200:1

FOREX YARD(5.18)
Headquarters: Nicosia, Cyprus Founded: 2005
Business Model: Market Maker Forex Online Since: 2005
Regulated by: ?? Platform: ICTS
Minimium Account: $100 Typical Spread on Majors:  3-5 pips
Minimum Transaction: 10,000 units Maximum Leverage: 200:1

AvailTradingCorp (ATC Brokers) (7.69)
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

Forex Capital Trading (ForexCT) (7.46)
Headquarters: Melbourne, Australia Founded: 2005
Business Model: Market Maker Forex Online Since: 2006
Regulated by: ASIC Platform: ForexCT
Minimium Account: $100 Typical Spread on Majors: 3-5 pips
Minimum Transaction: 2500 units Maximum Leverage: 400:1

Capital Forex (7.06)
Headquarters: London, UK Founded: 2005
Business Model: ECN Forex Online Since: 2006
Regulated by: FSA Platforms: Baxter FX, Currenex, FXAll, HotSpotFXi, LavaFX 
Minimium Account: $2000 Typical Spread on Majors: 1-4 pips
Minimum Transaction: ?? units Maximum Leverage: 100:1

IFC Markets (7.02)
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

Real Trade Group (6.63)
Headquarters: Tortola, British Virgin Islands Founded: 2003
Business Model: Market Maker Forex Online Since: 2003
Regulated by: FSC Platform: Meta Trader 4
Minimium Account: $20 Typical Spread on Majors: 3-5 pips
Minimum Transaction: 1000 units Maximum Leverage: 200:1

STIFX (6.54)
Headquarters: London, UK Founded: 1999
Business Model: Market Maker Forex Online Since: ??
Regulated by: CFTC, NFA, FSA Platform: STIFX
Minimium Account: $500 Typical Spread on Majors: 2-5 pips
Minimum Transaction:  10,000 units Maximum Leverage: 200:1

PFG Forex (6.53)
Headquarters: Chicago, IL, USA Founded: 2001
Business Model: ?? Forex Online Since: 2001
Regulated by: CFTC, NFA Platform: Currenex, Best Direct
Minimium Account: $1000 Typical Spread on Majors: 3-5 pips
Minimum Transaction: ?? units Maximum Leverage: 100:1

Admiral Markets (6.38)
Headquarters: London, UK Founded: 2000
Business Model: Market Maker Forex Since: 2000
Regulated by: ?? Platform: Meta Trader 4
Minimium Account: $10 Typical Spread on Majors: 2-5 pips
Minimum Transaction: 1000 units Maximum Leverage: 200:1

Exto Capital (6.05)
Headquarters: Gland, Switzerland 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: ?? units Maximum Leverage: 200:1

Global Forex Trading (GFT Forex) (5.42)
Headquarters: Ada, MI, USA Founded: 1997
Business Model: Market Maker Forex Online Since: 2001
Regulated by: NFA, CFTC, FSA, ASIC, SEC Platform: Dealbook 360
Minimium Account: $250 Typical Spread on Majors: 1-4 pips
Minimum Transaction: 10,000 units Maximum Leverage: 1:400

Capital Market Services (CMS Forex) (4.83)
Headquarters: New York, NY, USA Founded: 1999
Business Model: Market Maker Forex Online Since: ??
Regulated by: NFA, CFTC, FSA Platform: Meta Trader, VT Trader
Minimium Account: $200 Typical Spread on Majors: 3-5 pips
Minimum Transaction: 10,000 units Maximum Leverage: 1:400

FX Solutions, LLC (4.83)
Headquarters: Saddle River, NJ, USA Founded: 2001
Business Model: Market Maker Forex Online Since: 2001
Regulated by: CFTC, NFA Platform: GTS Pro
Minimium Account: $250 Typical Spread on Majors: 3-4 pips
Minimum Transaction: 1000 units Maximum Leverage: 400:1

Interbank FX (4.81)
Headquarters: Salt Lake City, UT, USA Founded: 2001
Business Model: ECN Forex Online Since: 2001
Regulated by: CFTC, NFA Platform: Meta Trader 4
Minimium Account: $250 Typical Spread on Majors: 2-3 pips
Minimum Transaction: 10,000 units Maximum Leverage: 200:1

ODL Securities (5.08)
Headquarters: Chicago, IL, USA Founded: 1994
Business Model: Market Maker Forex Online Since: 2004
Regulated by: NFA, CFTC, FSA, Euronext Platform: Meta Trader 4, ODL Trader, ODL Ariel
Minimium Account: $2000? Typical Spread on Majors:  2-3 pips
Minimum Transaction: 10,000 units Maximum Leverage: 200:1

LiteForex (7.40)
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

FCMarket (7.80)
Headquarters: Limassol, Cyprus Founded: 2007
Business Model: Market Maker Forex Online Since: 2007
Regulated by: CIFSA, CCCI, CFSFA Platform: Meta Trader 4
Minimium Account: $100 Typical Spread on Majors: 2-3 pips
Minimum Transaction: 10,000 units Maximum Leverage: 500:1

FxPrice LLC (7.54)
Headquarters: Newark, NJ, USA Founded: 2003
Business Model: Market Maker Forex Online Since: 2003
Regulated by: NFA Platform: GTS Pro, SWFX Dukascopy
Minimium Account: $250 Typical Spread on Majors: 3-5 pips
Minimum Transaction: 1000 units Maximum Leverage: 400:1

Swiss International (7.44)
Headquarters: Kuwait City, Kuwait Founded: 2002
Business Model: ?? Forex Online Since: 2002
Regulated by: Kuwait Chamber of Commerce Platform: Currenex, Global Trader, ICTS, Meta Trader 4
Minimium Account: $500 Typical Spread on Majors: 3-6 pips
Minimum Transaction: 10,000 units Maximum Leverage: 200:1

thinkorswim (7.17)
Headquarters: Bloomfield Hills, IL, USA Founded: 1999
Business Model: ?? Forex Online Since: 2007
Regulated by: NFA Platform: thinkorswimFX
Minimium Account: $500 Typical Spread on Majors: 3-4 pips
Minimum Transaction: 10,000 units Maximum Leverage: 100:1

Murphy & Williams Financial Group (6.62)
Headquarters: London, UK Founded: 2006
Business Model: Market Maker Forex Online Since: 2006
Regulated by: ?? Platform: Meta Trader 4
Minimium Account: $1 Typical Spread on Majors: 2-4 pips
Minimum Transaction: 10,000 units Maximum Leverage: 100:1

FxLite (6.23)
Headquarters: New York, NY, USA Founded: 2004
Business Model: Market Maker Forex Online Since: 2004
Regulated by: ?? Platform: Meta Trader 4
Minimium Account: $500 Typical Spread on Majors: 3-5 pips
Minimum Transaction: 10,000 units Maximum Leverage: 200:1

Realtime Forex SA (4.59)
Headquarters: Geneva, Switzerland Founded: 2000
Business Model: Market Maker Forex Online Since: 2002
Regulated by: SFFD Platform: RTFX
Minimium Account: $3750 Typical Spread on Majors:  3-4 pips
Minimum Transaction: 10,000 units Maximum Leverage: 100:1

Deutsche Bank (4.26)
Headquarters: Frankfurt, Germany Founded: 1960
Business Model: Market Maker Forex Online Since: 2006
Regulated by: FSA Platform: ABLETrend 7.0
Minimium Account: $5000 Typical Spread on Majors:  3-4 pips
Minimum Transaction: 100,000 units Maximum Leverage: 100:1

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