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?
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Broker Logo
Name
Est
Regulations
Deposit
4XC
2018
FSC
$100
AAAFx
2010
HCMC
$30
AAATrade
2013
CySEC
$100
Abshire Smith
2011
FCA
$250
AccentForex
2010
VFSC
$50
AccuIndex
2016
CySEC, FSC
$250
ActivTrades
2001
FCA, SCB, CSSF, CONSOB
$1
ACY Securities
2013
ASIC, VFSC
$50
Admirals
2001
ASIC, CySEC, FCA, AFSL
$100
AdroFx
2018
VFSC, FSA
$100
ADSS
2010
FCA, SFC
$100
Advanced Markets
2006
NFA, CFTC
$2,500
Aetos
2007
ASIC, FCA, VFSC, CIMA
$50
Alpari
1998
FSC Mauritius
$5
Alpho
2016
FSA
$100
Alvexo
2014
FSA, CySEC
$500
AMarkets
2007
MISA, FSA, FSC, The Financial Commission
$100
Amega
2022
FSC Mauritius
$20
Arum Capital
2016
Cysec, MIFID
$500
ATC Brokers
2005
FCA
$5,000
ATFX
2014
FCA, CySEC, FSC, FSA
$100
AvaTrade
2006
MiFiD, CBI, FSA, ASIC, SFB, BVI, ADGM, FSRA, CySEC
$10
Axiance
2020
FSA, FSC
$100
Axiory
2011
FSC, IFSC, FCA
$100
Ayondo
2008
BaFin, FCA
$100
-B-
Logo
Name
Established
Regulations
Deposit
BankeFeX
2024
MISA
$250
Baxter FX
1996
ASIC
$50,000
BCR
2009
ASIC
$300
Bithoven
2019
FSA
$100
BlackBull
2014
FSA, FMA
$1
Blackwell Global
2010
FCA, SFC, SECC, SCB
$2,000
Blueberry Markets
2016
ASIC, VFSC
$100
BP Prime
2013
FCA, FSA
$5,000
Buxberg
2022
Not regulated
$2,500
-C-
Logo
Name
Established
Regulations
Deposit
Capital Index
2014
FCA
$100
Capital.com
2016
CySEC, FCA, ASIC, NBRB
$20
Capitalcore
2019
Not regulated
$5,000
Cauvo Capital
2021
FSC Mauritius
$500
CharterPrime
2012
FSP
$100
CIM Bank
1990
FINMA, SBA
$100
Cinpax
2021
Not regulated
$250
City Index
1983
FCA
$100
CLMarkets
2013
ASIC
$10
CM Trading
2012
FSA
$250
CMC Markets
1989
FCA
$1
Colmex Pro
2009
CySEC
$250
Commerce Wealth
2020
Not regulated
$5,000
CommSec
1995
ASIC
$500
CornerTrader
2012
FINMA
$2,000
CPT Markets
2008
FCA, IFSC
$100
-D-
Logo
Name
Established
Regulations
Deposit
Darwinex
2012
FCA
$100
DeltaStock
1998
FSC, MiFID
$100
Demaxis
2022
Not regulated
$100
Deriv
1999
MFSA, Labuan FSA, BVI FSC, VFSC
$5
Dukascopy
2000
FINMA
$100
-E-
Logo
Name
Established
Regulations
Deposit
EagleFX
2019
Not regulated
$10
easyMarkets
2001
CySEC, MiFID, ASIC
$25
Efixxen
2023
Not regulated
$2,500
eForex Markets
2010
BVI
$100
Eightcap
2009
ASIC, VFSC
$100
Elland Road Capital
2022
FSCA
$250
Equiti
2013
JSC, FCA, SCA, CMA, CBA, FSA
$500
Errante
2019
CySEC, FSA
$50
eToro
2007
CySEC, ASIC, FCA
$50
ETrade FX
2006
NFA
$100
Evolve Markets
2016
Not regulated
$100
Exness
2008
FSA, CySEC , FCA , FSCA , CBCS ,FSC, FSC (Mauritius), CMA
$1
-F-
Logo
Name
Established
Regulations
Deposit
FBS
2009
IFSC, CySEC, ASIC, FSCA
$1
FiatVisions
2021
MISA
$5.000
FIBO Group
1998
FSC, CySEC, FCA
$1
Fidelis CM
2011
FSA
$100
Finaguide
2022
not regulated
$2,000
Financial Centre
2001
not regulated
$250
Fineco Bank
1999
Bank of Italy, CONSOB, ECB
$1
Finq
2005
FSA
$100
FirewoodFX
2014
not regulated
$10
FOREX.com
1999
FCA, IIROC, ASIC, CFTC, CySEC, JFSA, MAS, CIMA
$500
Forex.ee
2004
not regulated
$100
Forex4you
2007
FSC BVI
$5
ForexChief
2014
VFSC
$100
ForexMart
2015
CySEC
$100
ForexTB
2015
CySEC
$250
Fortrade
2013
FCA, ASIC, IIROC, CySEC, NBRB, FSC
$100
FP Markets
2005
ASIC, CySEC, FSCA, CMA
$100
FreshForex
2004
SVGFSA
$1
Fundiza
2019
not regulated
$5,000
Fusion Markets
2017
ASIC, FSA, VFSC
$1
FXCC
2010
CySEC, SVG
$1
FXCentrum
2019
FSA
$10
FXChoice
2010
FSC
$10
FXCL
2006
FSA
$1
FXCM
1999
FCA, ASIC, SFC, CONSOB, BaFin, ACP
$300
FXDD
2002
NFA, CFTC, MFSA, MiFID
$100
FXFlat
1997
BaFin
$100
FXGlobe
2009
CySEC
$250
FxGlory
2011
IFSA
$1
FxGrow
2012
CySEC
$100
FXNovus
2023
FSCA
$250
FXOpen
2003
FCA, ASIC, FC
$300
FXprimus
2009
CySEC, VFSC
$100
FxPro
2006
CySEC, FCA, FSCA, SCB
$100
FxRevenues
2021
not regulated
$250
FXTM
2011
CySEC, FCA, IFSC
$100
FXtrading
2014
ASIC
$100
Fxview
2017
CySEC
$50
-G-
Logo
Name
Established
Regulations
Deposit
GBE brokers
2013
CySEC
$10
GCI
2002
FSC
$20
Geetle
2023
not regulated
$2,500
Gerchik Co
2016
FC
$100
GKFX
2012
FSC BVI, SECC
$100
Global Prime
2010
ASIC, VFSC, FSA
$200
Globex360
2017
FSCA
$25
GMG Markets
2007
FCA
$200
GMI
2009
FCA, VFSC
$25
Goldwell Capital
2018
SERC
$100
Grand Capital
2006
Financial Commission, Serenity
$10
Greendax
2022
not regulated
$2,500
-H-
Logo
Name
Established
Regulations
Deposit
Hantec Markets
1990
FCA, FSC, ASIC, FSA, CGSE
$1,000
HFM
2010
CySEC, FCA, DFSA, FSCA, FSA, CMA
$10
HFTrading
2019
ASIC, NZFMA
$100
Hirose Financial
2004
FCA
$20
HYCM
1977
CySEC, FCA, MiFID
$100
-I-
Logo
Name
Established
Regulations
Deposit
IC Markets
2007
ASIC, ACN
$200
ICM Capital
2009
FCA, FSC, FSA, ARIF, SCAB, QFC
$200
IFC Markets
2006
BVI FSC
$1
iFOREX
1996
CySEC
$100
IG Markets
1995
NFA, CFTC, ASIC, FSA
$1
Infinox
2009
FCA, SCB, FSCA, FSC
$1
INGOT Brokers
2006
FSA, ASIC, JSC, CMA
$100
InstaForex
2007
BVI FSC, FSC Saint Vincent
$1
Interactive Brokers
1977
FSA, IIROC, CFTC, SEC
$2,000
InterTrader
2009
FCA, GFSC
$100
InvestMarkets
2020
IFSC Belize
$250
IronFX
2010
FCA, FSCA, CySEC
$100
-J-
Logo
Name
Established
Regulations
Deposit
JP Markets
2016
FSB
$100
Just2Trade
1994
CySEC, NFA, FINRA, SIPC
$100
-K-
Logo
Name
Established
Regulations
Deposit
Kaarat
2021
not regulated
$250
Key To Markets
2013
FCA, FSC
$100
Kiexo
2020
not regulated
$250
Kiplar
2020
not regulated
$250
Kowela
2021
not regulated
$2,500
KVB Global
2001
ASIC, FSP, MSB
$100
-L-
Logo
Name
Established
Regulations
Deposit
Land FX
2006
FCA, FSA
$10
LBLV
2018
Seychelles FSA
$1,000
LCG
1996
FCA
$1
LegacyFX
2012
VFSC, CySEC, NBRB, BaFin, FCA, FSP
$500
Libertex
2012
CySEC
$100
Lirunex
2017
CySEC
$500
LiteFinance
2005
CySEC
$10
LMAX
2008
FCA, CySEC, FSP
$10,000
LMFX
2015
not regulated
$100
LonghornFX
2020
not regulated
$100
-M-
Logo
Name
Established
Regulations
Deposit
MarketRocks
2024
not regulated
$250
Markets.com
2008
CySEC, FCA, ASIC, FSCA, BVI FSC
$100
MEX Exchange
2012
ASIC
$1
Mitrade
2011
ASIC, CIMA, FSC
$1
ModMount
2022
FSA
$250
Moneta Markets
2019
CIMA, SIBL
$1
MTrading
2012
FSA
$100
MultiBank Group
2005
SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC
$50
-N-
Logo
Name
Established
Regulations
Deposit
Nadex
2004
CFTC
$250
Naga
2015
CySEC
$30
Nixse
2019
not regulated
$250
NordFX
2008
VFSC, SEBI
$10
NPBFX
1996
IFSC, Financial Commission
$10
NSFX
2013
MFSA, MIFID, FCA, BaFin, AMF, CONSOB
$100
-O-
Logo
Name
Established
Regulations
Deposit
Oanda
1996
CFTC, NFA, FSA, IIROC, MAS
$1
Octa
2011
SVG
$50
OffersFX
2016
CySec
$100
One Financial Markets
2010
FCA
$100
OneRoyal
2006
ASIC, CySEC, CMA, FSA, VFSC
$50
Orbex
2010
FSC, FSA
$100
-P-
Logo
Name
Established
Regulations
Deposit
Pepperstone
2010
CYSEC, BAFIN, CMA, SCB, DFSA, ASIC, FCA
$200
PFD NZ
2005
FSPR
$100
Phillip Capital
2010
FINRA, FCA
$5,000
Plus500
2008
FCA, CySEC, ASIC, MAS, FSA
$10
PowerStox
2023
not regulated
$250
PrimeXBT
2018
SFSA, SVGFSA, ASIC
$100
Profiforex
2010
not regulated
$100
Pure Market
2016
CySec, VSFC
$20
-Q-
Logo
Name
Established
Regulations
Deposit
QuestradeFX
2004
IIROC
$100
-R-
Logo
Name
Established
Regulations
Deposit
Rakuten
1999
ASIC
$50
Rentalzi
2023
not regulated
$1,000
Robinhood
2013
SEC, FINRA
$100
RoboForex
2009
FSC
$10
ROinvesting
2017
CySec
$250
-S-
Logo
Name
Established
Regulations
Deposit
Saxo Bank
1992
FSA
$1,000
Scandinavian Capital Markets
2011
Swedish FSA
$10,000
Scope Markets
2014
CySEC
$50
SimpleFX
2014
not regulated
$100
Skilling
2016
CySEC, FSA
$100
Spread Co
2006
FCA
$100
Spreadex
1999
FCA
$100
SquaredFinancial
2016
CySEC, MiFID II, ICF
$100
Stockoza
2021
not regulated
$10,000
Sucden Financial
1973
FCA, NFA, SFC
$1
SuperForex
2013
IFSC
$1
Swissquote
2000
FINMA, MFSA, DFSA
$1,000
Synergy Markets
2011
ASIC, AFSL
$100
-T-
Logo
Name
Established
Regulations
Deposit
T1Markets
2019
CySEC
$250
T4Trade
2021
Seychelles FSA
$50
TeleTrade
1994
CySEC
$2,000
Tenko FX
2012
not regulated
$10
TeraFX
2011
FCA
$100
The Uptrend Center
2002
not regulated
$250
ThinkMarkets
2010
CySEC, FCA, FSCA, ASIC, NFZMA
$1
Tickmill
2014
FCA UK, CySEC, FSA Seychelles
$100
TIO Markets
2019
FCA, FSCS
$50
Titan FX
2014
FCA
$100
tixee
2021
FSA, FSCA
$10
TMGM
2013
ASIC, FMA, VFSC
$100
TopFX
2010
CySEC, FSA
$1
Trade Nation
2014
FCA, ASIC, FSCA, SCB
$200
Trade.com
2013
FCA, CySEC, FSCA, FSCM
$100
Trade360
2013
CySEC
$100
Traders Trust
2009
CySEC
$100
Traders Way
2011
not regulated
$1
Tradeview Markets
2004
CIMA
$100
Trading 212
2006
FCA, BFSC, CySEC
$1
Trading Point
2010
CySEC, FCA
$100
Trading.com
2018
FCA
$5
TrioMarkets
2015
FSC Mauritius
$100
TriumphFX
2010
CySEC, FSC, FSA
$100
Trust Capital
2011
CySEC
$100
TusarFX
2014
CROFR
$1
-U-
Logo
Name
Established
Regulations
Deposit
Uptos
2019
not regulated
$250
-V-
Logo
Name
Established
Regulations
Deposit
Valuetrades
2013
FCA, FSAS
$50
Vantage
2009
VFSC, ASIC, FCA, FSCA
$200
Varengold
1995
BaFin
$2,500
Varianse
2015
FSC
$100
Velocity Trade
2007
FCA, FSCA, ASIC, ASX, TMX
$100
VHNX
2021
not regulated
$250
VIG Investment
2000
not regulated
$100
VT Markets
2016
ASIC, CIMA, SVGFSA
$200
-W-
Logo
Name
Established
Regulations
Deposit
WesternFX
2013
FSA
$100
Windsor Brokers
1988
FSA, FSC, JSC, CMA, CySEC
$500
-X-
Logo
Name
Established
Regulations
Deposit
X Open Hub
2002
FCA, CYSEC, KNF, IFSC, DFSA, FSCA
$100
XGlobalMarkets
2012
CySEC, VFSC
$100
XM
2009
ASIC, CySEC, FSC, DFSA
$5
Xpoken
2020
not regulated
$250
XPro Markets
2022
FSCA
$250
XS
2023
ASIC, CySEC, FSA
$200
XTB
2002
FSC, FCA, KNF, CySec
$250
XTrade
2003
IFSC, CySEC, FSCA
$250
-Y-
Logo
Name
Established
Regulations
Deposit
YCM-Invest
2003
FCA
$100
-Z-
Logo
Name
Established
Regulations
Deposit
Z.com Trade
2013
FCA, SFC, JFSA, FFAJ
$1
Closed Brokers
ayus
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