Forex Brokers

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A forex broker is a firm or individual who offers trading services to people who want to buy and sell currencies. A forex broker generally provides a trading platform to execute trades online, and may include customized trading software for the client to use.

Unlike other financial brokers who charge a fee to execute a trade, most forex brokers make their money off the bid-ask spread. Being able to see both sides of the market – bid and ask – the broker will sell and buy at a price that allows the brokerage to pocket the difference on the trade.

Retail forex brokers vary widely in quality. Some criteria that can be useful in researching and comparing forex brokers includes:

  • Low spreads: Most traders want a forex broker that doesn’t take so much in the spread that a trade becomes unprofitable.
  • Generous leverage: Although leverage is a double-edged sword, many traders prefer having the option of greater leverage – whether they use it or not.
  • Reliable service: Being unable to enter or exit a position in a timely manner can quickly become an issue in the time-sensitive world of forex.
  • Resources and support: Like any other customer, forex traders want to be able to get answers when they have questions.
  • Intuitive platforms and software: The easier it is to make and manage trades, the better.

Many forex brokers offer free demo accounts to prospective clients, so traders can shop around to find a broker that meets all their needs.

Read More about Types of Brokers and How to Find Your Forex Broker?

A | B | C | D | E | F | G | H | I | J | K | L | M | N |

Broker Logo Name Est Regulations Deposit
4XC 4XC 2018 FSC $100
AAAFX AAAFx 2010 HCMC $30
AAATrade AAATrade 2013 CySEC $100
Abshire smith Abshire Smith 2011 FCA $250
Accent Forex AccentForex 2010 VFSC $50
AccuIndex AccuIndex 2016 CySEC, FSC $250
ActivTrades ActivTrades 2001 FCA, SCB, CSSF, CONSOB $1
ACY ACY Securities 2013 ASIC, VFSC $50
Admiral-Markets Admirals 2001 ASIC, CySEC, FCA, AFSL $100
AdroFX AdroFx 2018 VFSC, FSA $100
ADDS ADSS 2010 FCA, SFC $100
Advanced Markets Advanced Markets 2006 NFA, CFTC $2,500
aetos Aetos 2007 ASIC, FCA, VFSC, CIMA $50
Alpari Alpari 1998 FSC Mauritius $5
Alpho Alpho 2016 FSA $100
Alvexo Alvexo 2014 FSA, CySEC $500
aMarkets AMarkets 2007 MISA, FSA, FSC, The Financial Commission $100
AmegaFX Amega 2022 FSC Mauritius $20
Arum Capital Arum Capital 2016 Cysec, MIFID $500
ATC Brokers ATC Brokers 2005 FCA $5,000
ATFX ATFX 2014 FCA, CySEC, FSC, FSA $100
Avatrade AvaTrade 2006 MiFiD, CBI, FSA, ASIC, SFB, BVI, ADGM, FSRA, CySEC $10
Axiance Axiance 2020 FSA, FSC $100
Axiory Axiory 2011 FSC, IFSC, FCA $100
Ayondo Ayondo 2008 BaFin, FCA $100

-B-

Logo Name Established Regulations Deposit
bankefex BankeFeX 2024 MISA $250
baxter Baxter FX 1996 ASIC $50,000
BCR BCR 2009 ASIC $300
bithoven Bithoven 2019 FSA $100
blackbull BlackBull 2014 FSA, FMA $1
Blackwell Global Blackwell Global 2010 FCA, SFC, SECC, SCB $2,000
blueberrymarkets Blueberry Markets 2016 ASIC, VFSC $100
bpprime BP Prime 2013 FCA, FSA $5,000
buxberg Buxberg 2022 Not regulated $2,500

-C-

Logo Name Established Regulations Deposit
CapitalIndex Capital Index 2014 FCA $100
Capitalcom Capital.com 2016 CySEC, FCA, ASIC, NBRB $20
Capitalcore Capitalcore 2019 Not regulated $5,000
CauvoCapital Cauvo Capital 2021 FSC Mauritius $500
charterprime CharterPrime 2012 FSP $100
cimbanque CIM Bank 1990 FINMA, SBA $100
Cinpax Cinpax 2021 Not regulated $250
City Index City Index 1983 FCA $100
clmforex CLMarkets 2013 ASIC $10
CM Trading CM Trading 2012 FSA $250
CMC Markets CMC Markets 1989 FCA $1
clcolmexmforex Colmex Pro 2009 CySEC $250
commercewealth Commerce Wealth 2020 Not regulated $5,000
commsec CommSec 1995 ASIC $500
cornertrader CornerTrader 2012 FINMA $2,000
cptmarkets CPT Markets 2008 FCA, IFSC $100

-D-

Logo Name Established Regulations Deposit
Darwinex Darwinex 2012 FCA $100
Deltastock DeltaStock 1998 FSC, MiFID $100
Demaxis Demaxis 2022 Not regulated $100
Deriv Deriv 1999 MFSA, Labuan FSA, BVI FSC, VFSC $5
Dukascopy Dukascopy 2000 FINMA $100

-E-

Logo Name Established Regulations Deposit
EagleFX EagleFX 2019 Not regulated $10
easymarkets easyMarkets 2001 CySEC, MiFID, ASIC $25
Efixxen Efixxen 2023 Not regulated $2,500
eForex eForex Markets 2010 BVI $100
Eightcap Eightcap 2009 ASIC, VFSC $100
ElandRoad Elland Road Capital 2022 FSCA $250
Equiti Equiti 2013 JSC, FCA, SCA, CMA, CBA, FSA $500
Errante Errante 2019 CySEC, FSA $50
Etoro eToro 2007 CySEC, ASIC, FCA $50
ETradeFX ETrade FX 2006 NFA $100
Evolve Evolve Markets 2016 Not regulated $100
Exness Exness 2008 FSA, CySEC , FCA , FSCA , CBCS ,FSC, FSC (Mauritius), CMA $1

-F-

Logo Name Established Regulations Deposit
FBS FBS 2009 IFSC, CySEC, ASIC, FSCA $1
fiatvisions FiatVisions 2021 MISA $5.000
Fibogroup FIBO Group 1998 FSC, CySEC, FCA $1
fidelis cm Fidelis CM 2011 FSA $100
finaguide Finaguide 2022 not regulated $2,000
financial centre Financial Centre 2001 not regulated $250
fineco bank Fineco Bank 1999 Bank of Italy, CONSOB, ECB $1
finq Finq 2005 FSA $100
FirewoodFX FirewoodFX 2014 not regulated $10
Forexcom FOREX.com 1999 FCA, IIROC, ASIC, CFTC, CySEC, JFSA, MAS, CIMA $500
Forexee Forex.ee 2004 not regulated $100
Forex4You Forex4you 2007 FSC BVI $5
ForexChief ForexChief 2014 VFSC $100
ForexMart ForexMart 2015 CySEC $100
ForexTB ForexTB 2015 CySEC $250
Fortrade Fortrade 2013 FCA, ASIC, IIROC, CySEC, NBRB, FSC $100
FPMarkets FP Markets 2005 ASIC, CySEC, FSCA, CMA $100
Freshforex FreshForex 2004 SVGFSA $1
fundiza Fundiza 2019 not regulated $5,000
fusion markets Fusion Markets 2017 ASIC, FSA, VFSC $1
FXCC FXCC 2010 CySEC, SVG $1
fx centrum FXCentrum 2019 FSA $10
fxchoice FXChoice 2010 FSC $10
FXCL FXCL 2006 FSA $1
FXCM FXCM 1999 FCA, ASIC, SFC, CONSOB, BaFin, ACP $300
FXDD FXDD 2002 NFA, CFTC, MFSA, MiFID $100
FXFlat FXFlat 1997 BaFin $100
fxglobe FXGlobe 2009 CySEC $250
FxGlory FxGlory 2011 IFSA $1
FxGrow FxGrow 2012 CySEC $100
fxnovus FXNovus 2023 FSCA $250
FXOpen FXOpen 2003 FCA, ASIC, FC $300
fxprimus FXprimus 2009 CySEC, VFSC $100
FxPro FxPro 2006 CySEC, FCA, FSCA, SCB $100
fxrevenues FxRevenues 2021 not regulated $250
Fxtm FXTM 2011 CySEC, FCA, IFSC $100
fxtrading FXtrading 2014 ASIC $100
FXView Fxview 2017 CySEC $50

-G-

Logo Name Established Regulations Deposit
GBE GBE brokers 2013 CySEC $10
GCI GCI 2002 FSC $20
Geetle Geetle 2023 not regulated $2,500
Gerchik Gerchik Co 2016 FC $100
GKFX GKFX 2012 FSC BVI, SECC $100
Global Prime Global Prime 2010 ASIC, VFSC, FSA $200
globex360 Globex360 2017 FSCA $25
gmgmarkets GMG Markets 2007 FCA $200
gmimarkets GMI 2009 FCA, VFSC $25
Goldwell Goldwell Capital 2018 SERC $100
Grand Capital Grand Capital 2006 Financial Commission, Serenity $10
greendax Greendax 2022 not regulated $2,500

-H-

Logo Name Established Regulations Deposit
Hantec Hantec Markets 1990 FCA, FSC, ASIC, FSA, CGSE $1,000
HFM HFM 2010 CySEC, FCA, DFSA, FSCA, FSA, CMA $10
HFTrading HFTrading 2019 ASIC, NZFMA $100
Hirose Hirose Financial 2004 FCA $20
HYCM HYCM 1977 CySEC, FCA, MiFID $100

-I-

Logo Name Established Regulations Deposit
ICMarkets IC Markets 2007 ASIC, ACN $200
icmcapital ICM Capital 2009 FCA, FSC, FSA, ARIF, SCAB, QFC $200
IFC Markets IFC Markets 2006 BVI FSC $1
iForex iFOREX 1996 CySEC $100
IG Markets IG Markets 1995 NFA, CFTC, ASIC, FSA $1
infinox Infinox 2009 FCA, SCB, FSCA, FSC $1
INGOT INGOT Brokers 2006 FSA, ASIC, JSC, CMA $100
InstaForex InstaForex 2007 BVI FSC, FSC Saint Vincent $1
Interactive Brokers Interactive Brokers 1977 FSA, IIROC, CFTC, SEC $2,000
intertrader InterTrader 2009 FCA, GFSC $100
investmarkets InvestMarkets 2020 IFSC Belize $250
IronFX IronFX 2010 FCA, FSCA, CySEC $100

-J-

Logo Name Established Regulations Deposit
jpmarkets JP Markets 2016 FSB $100
just2trade Just2Trade 1994 CySEC, NFA, FINRA, SIPC $100

-K-

Logo Name Established Regulations Deposit
Kaarat Kaarat 2021 not regulated $250
Key to markets Key To Markets 2013 FCA, FSC $100
Kiexo Kiexo 2020 not regulated $250
Kiplar Kiplar 2020 not regulated $250
Kowela Kowela 2021 not regulated $2,500
KVB Global KVB Global 2001 ASIC, FSP, MSB $100

-L-

Logo Name Established Regulations Deposit
LandFX Land FX 2006 FCA, FSA $10
LBLV LBLV 2018 Seychelles FSA $1,000
LCG LCG 1996 FCA $1
Legacyfx LegacyFX 2012 VFSC, CySEC, NBRB, BaFin, FCA, FSP $500
Libertex Libertex 2012 CySEC $100
Lirunex Lirunex 2017 CySEC $500
LiteFinance LiteFinance 2005 CySEC $10
LMAX LMAX 2008 FCA, CySEC, FSP $10,000
LMFX LMFX 2015 not regulated $100
longhornfx LonghornFX 2020 not regulated $100

-M-

Logo Name Established Regulations Deposit
Marketrocks MarketRocks 2024 not regulated $250
Marketscom Markets.com 2008 CySEC, FCA, ASIC, FSCA, BVI FSC $100
Mexexchange MEX Exchange 2012 ASIC $1
MiTrade Mitrade 2011 ASIC, CIMA, FSC $1
ModMount ModMount 2022 FSA $250
Moneta Markets Moneta Markets 2019 CIMA, SIBL $1
MTrading MTrading 2012 FSA $100
MultibankGroup MultiBank Group 2005 SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC $50

-N-

Logo Name Established Regulations Deposit
Nadex Nadex 2004 CFTC $250
Naga Naga 2015 CySEC $30
Nixse Nixse 2019 not regulated $250
Nordfx NordFX 2008 VFSC, SEBI $10
NPBFX NPBFX 1996 IFSC, Financial Commission $10
NSFX NSFX 2013 MFSA, MIFID, FCA, BaFin, AMF, CONSOB $100

-O-

Logo Name Established Regulations Deposit
Oanda Oanda 1996 CFTC, NFA, FSA, IIROC, MAS $1
Octafx Octa 2011 SVG $50
OffersFX OffersFX 2016 CySec $100
One Financial One Financial Markets 2010 FCA $100
One Royal OneRoyal 2006 ASIC, CySEC, CMA, FSA, VFSC $50
Orbex Orbex 2010 FSC, FSA $100

-P-

Logo Name Established Regulations Deposit
Pepperstone Pepperstone 2010 CYSEC, BAFIN, CMA, SCB, DFSA, ASIC, FCA $200
Pacific financial PFD NZ 2005 FSPR $100
Philip Capital Phillip Capital 2010 FINRA, FCA $5,000
Plus500 Plus500 2008 FCA, CySEC, ASIC, MAS, FSA $10
PowerStox PowerStox 2023 not regulated $250
PrimeXBT PrimeXBT 2018 SFSA, SVGFSA, ASIC $100
ProfiForex Profiforex 2010 not regulated $100
PureMarket Pure Market 2016 CySec, VSFC $20

-Q-

Logo Name Established Regulations Deposit
Questrade QuestradeFX 2004 IIROC $100

-R-

Logo Name Established Regulations Deposit
Rakuten Rakuten 1999 ASIC $50
Rentalzi Rentalzi 2023 not regulated $1,000
Robinhood Robinhood 2013 SEC, FINRA $100
Roboforex RoboForex 2009 FSC $10
ROinvesting ROinvesting 2017 CySec $250

-S-

Logo Name Established Regulations Deposit
Saxo Bank Saxo Bank 1992 FSA $1,000
scandinavianmarkets Scandinavian Capital Markets 2011 Swedish FSA $10,000
scopemarkets Scope Markets 2014 CySEC $50
simplefx SimpleFX 2014 not regulated $100
skilling Skilling 2016 CySEC, FSA $100
spreadco Spread Co 2006 FCA $100
spreadex Spreadex 1999 FCA $100
squaredfinancial SquaredFinancial 2016 CySEC, MiFID II, ICF $100
stockoza Stockoza 2021 not regulated $10,000
sucdenfinancial Sucden Financial 1973 FCA, NFA, SFC $1
SuperForex SuperForex 2013 IFSC $1
Swissquote Swissquote 2000 FINMA, MFSA, DFSA $1,000
synergymarkets Synergy Markets 2011 ASIC, AFSL $100

-T-

Logo Name Established Regulations Deposit
t1markets T1Markets 2019 CySEC $250
t4trade T4Trade 2021 Seychelles FSA $50
TeleTrade TeleTrade 1994 CySEC $2,000
tenkofx Tenko FX 2012 not regulated $10
TeraFX TeraFX 2011 FCA $100
Theuptrendcenter The Uptrend Center 2002 not regulated $250
thinkmarkets ThinkMarkets 2010 CySEC, FCA, FSCA, ASIC, NFZMA $1
Tickmill Tickmill 2014 FCA UK, CySEC, FSA Seychelles $100
tiomarkets TIO Markets 2019 FCA, FSCS $50
titanfx Titan FX 2014 FCA $100
Tixee tixee 2021 FSA, FSCA $10
TMGM TMGM 2013 ASIC, FMA, VFSC $100
TopFX TopFX 2010 CySEC, FSA $1
tradenation Trade Nation 2014 FCA, ASIC, FSCA, SCB $200
Tradecom Trade.com 2013 FCA, CySEC, FSCA, FSCM $100
Trade360 Trade360 2013 CySEC $100
traders trust Traders Trust 2009 CySEC $100
TradersWay Traders Way 2011 not regulated $1
Trade view markets Tradeview Markets 2004 CIMA $100
trading212 Trading 212 2006 FCA, BFSC, CySEC $1
trading point Trading Point 2010 CySEC, FCA $100
tradingcom Trading.com 2018 FCA $5
triomarkets TrioMarkets 2015 FSC Mauritius $100
Triumph FX TriumphFX 2010 CySEC, FSC, FSA $100
trust capital Trust Capital 2011 CySEC $100
TusarFX 2014 CROFR $1

-U-

Logo Name Established Regulations Deposit
Uptos Uptos 2019 not regulated $250

-V-

Logo Name Established Regulations Deposit
ValueTrades Valuetrades 2013 FCA, FSAS $50
Vantage Vantage 2009 VFSC, ASIC, FCA, FSCA $200
VarenGold Varengold 1995 BaFin $2,500
Varianse Varianse 2015 FSC $100
Velocity Trades Velocity Trade 2007 FCA, FSCA, ASIC, ASX, TMX $100
VHNX VHNX 2021 not regulated $250
VIG Investment 2000 not regulated $100
VTMarkets VT Markets 2016 ASIC, CIMA, SVGFSA $200

-W-

Logo Name Established Regulations Deposit
WesternFX WesternFX 2013 FSA $100
Windsor Brokers Windsor Brokers 1988 FSA, FSC, JSC, CMA, CySEC $500

-X-

Logo Name Established Regulations Deposit
xopenhub X Open Hub 2002 FCA, CYSEC, KNF, IFSC, DFSA, FSCA $100
XGlobal Markets XGlobalMarkets 2012 CySEC, VFSC $100
xm brokers XM 2009 ASIC, CySEC, FSC, DFSA $5
Xpoken Xpoken 2020 not regulated $250
Xpromarkets XPro Markets 2022 FSCA $250
XS XS 2023 ASIC, CySEC, FSA $200
XTB XTB 2002 FSC, FCA, KNF, CySec $250
XTrade XTrade 2003 IFSC, CySEC, FSCA $250

-Y-

Logo Name Established Regulations Deposit
YCM-Invest YCM-Invest 2003 FCA $100

-Z-

Logo Name Established Regulations Deposit
Z.com Trade 2013 FCA, SFC, JFSA, FFAJ $1

Closed Brokers

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Useful Terms

What does Forex Mini Account mean?
A forex mini account is a brokerage account that allows traders to buy and sell in smaller amounts than a standard lot. A lot is 100,000 currency units, making it…..

What does Forex Trading Software mean?
Forex trading software is a computer application that is designed to help forex traders identify trends, place trades and manage positions. Forex brokers often….

What does Forex Trading Platform mean?
A forex trading platform is the basic program or online interface that allows a trader to manually enter and exit positions. A forex trading platform is usually….

What does Spread mean?
The spread is the difference between the bid price and the ask price. The spread is represented in terms of pips. For example, if the EUR/USD has a bid….

What does Regulatory Risk mean?
Regulatory risk refers to a potential negative impact on a trader’s account or to forex trading in general due to a change in the laws and regulations governing….

What does Margin Call mean?
A margin call is a notice from a forex broker to an account holder that tells the account holder that he must put more money into the account or his position will….

What does Forex Demo Account mean?
A forex demo account is a training tool that beginner traders can use to practice trading forex with virtual money and current market data. Forex demo accounts….

What does Slippage mean?
Slippage is the difference between the price a trader expected a trade to go through at and the actual transaction price. Essentially, slippage occurs when a….