Top 10 Forex Brokers in The World

top 10 forex brokers in the worldForex trading offers an opportunity to earn some additional income. If you are planning to try it out, you should learn the basics of currency trading. Though there is much more to learn than you as a beginner might expect, the fact is that it is learnable. Once you have decided to try out forex trading, the first step is choosing a forex broker. You need to look at various aspects order such as trading platform, account options, minimum deposit, spreads and commissions, deposit and withdrawal options and customer service, among others, when choosing a forex broker. In order to make things easier for you, we have evaluated a number of forex brokers and have listed below the top 10 forex brokers. You can research each one of them on your own and choose one that fits your needs the best.

Top 10 Forex Brokers List

Broker Info Bonus Open Account
xm best forex broker Min Deposit: $5
Spread: From 1 Pips
Leverage: 888:1
Regulation: ASIC, CySEC, FCA (UK), BaFin, CNMV
15% Welcome Bonus, Loyalty Program Bonus Visit Broker
FBS Markets Inc forex broker Min Deposit: $1
Spread: From 0 Pips
Leverage: 3000:1
Regulation: IFSC
$123 No-Deposit Bonus, 100% Deposit Bonus, Lucky T-shirt, iPhone 6s Plus Visit Broker
Pepperstone review best forex broker in Australia Min Deposit: $200
Spread: Starting 0 Pips
Leverage: 500:1
Regulation: ASIC Australia
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FXOpen ECN Broker Min Deposit: $300
Spread: floating, from 0 pips
Leverage: 500:1
Regulation: FCA UK reference number 579202
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octafx forex broker review Min Deposit: $5
Spread: From 0.2 Pips
Leverage: 500:1
Regulation: FSA (Saint Vincent and the Grenadines), FCA UK (#679306)
50% Deposit Bonus Visit Broker
plus500 best forex broker review Min Deposit: €100
Spread: The Spread can be as low as 0.01%” (0.01% = spread for EUR/USD)
Leverage: 1:294
Regulation: ASIC, CySEC, FCA (UK)
Up to 30% First deposit, Welcome bonus (No deposit required) : 25 € “T&Cs apply” Visit Broker
ava trade best forex broker Min Deposit: $100
Spread: Starting From 0.9 pips
Leverage: 400:1
Regulation: MIFID, FSB & ASIC
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ETX CAPITAL Forex Binary Options SpreadBetting Broker Min Deposit: $100
Spread: From 0.7 pips
Leverage: 400:1
Regulation: FCA UK reference number 124721
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exness forex broker review Min Deposit: $1
Spread: From 0 Pips
Leverage: 2000:1
Regulation: CySEC, FSP, BaFin, CRFIN
35% of the account Deposit Visit Broker
etoro best forex broker USA Min Deposit: $200
Spread: From 3 Pips
Leverage: 400:1
Regulation: NFA, CySec
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#1: XM.com

xm best forex broker

XM.com, a trade name of Trading Point Holdings Ltd, is owned as well as operated by Trading Point of Financial Instruments Ltd, which is regulated by CySEC. It is also European Union-registered forex broker. XM has its headquarters in Limassol, Cyprus.

Broker Type – DMA/STP, MM
Minimum Deposit – $5
Deposit Options: Bank Wire, Neteller, Skrill, WebMoney, Credit Card, WesternUnion, MoneyGram, SOFORT, UnionPay (China), etc.
Maximum Leverage – 888:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 1

Click Here to Open Real Account XM

#2: FBS

FBS Markets Inc forex broker

FBS, an international forex broker, has presence in over 120 countries. The online forex company boasts of 2,000,000 traders (clients) and 130,000 partners. For Muslim traders, the broker provides swap-free or Islamic accounts. FBS was founded in 2009 and they do not offer financial services to people in the USA, Belize and Japan.

Broker Type – ECN/STP, DMA/STP, MM
Minimum Deposit – $5
Deposit Options: Visa/Master Card, Neteller, Skrill (7.5% commmission), Webmoney, Perfectmoney, OKPAY, FBS Exchanger, Wire Transfer, YuuPay (3% commission), etc.
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Fixed and variable
Lowest Spreads for EUR/USD – 2 pips for Mini accounts and 1 – 2 for Standard accounts

Click Here to Open Real Account FBS

#3: Pepperstone

Pepperstone review best forex broker in Australia

Pepperstone, an execution-only forex as well as CFD broker, provides trading solutions that cater to both veteran and novice traders. Founded in 2010, the company has its headquarters located in Melbourne, Australia. The company has offices in Shanghai, China and Dallas, USA.

Broker Type – Electronic Communication Network/Straight Through Processing and Direct Market Access/Straight Through Processing
Regulation – Australian Securities and Investments Commission (ASIC)
Platforms – MetaTrader4, cTrader
Minimum Deposit – $200
Deposit Options – Bank Wire, Debit Card, Credit Card, WebMoney, Neteller, FasaPay, Skrill, BPAY, POLi, QIWI, PayPal, UnionPay(China), etc.
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 0.5 pips for Mini and Standard; more than 0.1 pips for ECN

Click Here to Open Account Pepperstone

#4: Tickmill

TickMill best Forex broker review

Tickmill, owned by Tickmill Limited and operated by Tmill UK Limited and Tickmill Ltd., which is a company registered in England and Wales. Tickmill has principal and registered offices in London and Seychelles. Tickmill is under the regulatory control of both Financial operates Conduct Authority in the UK and Financial Services Authority of Seychelles.

Broker Type – STP/ECN/NDD/DMA
Regulation – FCA, UK and FSA, Seychelles
Platforms – Web Platform, MetaTrader 4, Mobile Platform
Minimum Deposit – $25
Deposit Options – Wire Transfer, Credit/Debit Card, WebMoney, UnionPay, Skrill, Neteller, FasaPay
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – Starts from 0.0

Click Here to Open Account Tickmill

#5: FxOpen UK

FXOpen ECN Broker

In 2013, FXOpen launched its online trading platform. FXOpen UK, based in London, is regulated by the Financial Conduct Authority in the UK.

Broker Type – ECN/STP
Regulation – FCA, UK
Platforms – Three versions of MT4
Minimum Deposit – $300
Deposit Options – Bank Wire Transfer, Credit/Debit Cards, WebMoney, Neteller, Skrill, Payza
Maximum Leverage – 500:1
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – Starts from 0 pips

Click Here to Open Account with FXOpen UK

#6: Plus500

plus500 best forex broker review

Plus500 forex trading platform is provided by Plus500CY Ltd., which is a company based in Cyprus and with headquarters in Limassol. This broker is authorized as well as regulated by the Cyprus Securities and Exchange Commission.

Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
Platforms – Windows Trader, WebTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, Credit Card, Skrill, etc.
Maximum Leverage – 50:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 2

Click Here to Open Account with Plus500 Broker

#7: ETX Capital

ETX CAPITAL Forex Binary Options SpreadBetting Broker

ETX Capital, a financial services company based in the UK, provides institutional, high net worth and retail customers with online platforms for trading forex and derivatives. ETX Capital is the trading name of Monecor (London) Limited.

Broker Type – Forex and CFD Broker
Regulation – FFCA, UK
Platforms – MT4, Marketspulse
Minimum Deposit – $100
Deposit Options – China UnionPay, Giropay, Neteller, Credit Card, Sofort, Wire Transfer, Skrill
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 0.7

Click Here to Open Account ETX Capital

#8: OCTAFX

octafx forex broker review

Octa Markets was incorporated 2011 and the forex brokerage serves clients in more than 100 countries around the world. The company is registered in Saint Vincent and the Grenadines. The company operates under the regulatory purview of IFSA.

Broker Type – DMA/STP
Minimum Deposit – $5
Deposit Options: Bank Wire, Debit Card, Credit Card, Skrill, Neteller, UnionPay (China), FasaPay, etc.
Maximum Leverage – 500
Minimum Lot Size – 0.01
Spreads – Variable
Lowest Spreads for EUR/USD – more than 1.5

Click Here To Open Account OCTAFX

#9: AvaTrade

ava trade best forex broker

AvaTrade, a pioneer in the field of online forex trading from 2006 onwards, was created for the purpose of providing great online trading experience to retail traders. Within a short time, AvaTrade had more than 20,000 registered customers executing over 2,000,000 trades in a month around the globe. The total value of trades surpasses $60 billion in a month.

Broker Type – Market Maker
Regulation – Australian Securities and Investments Commission (ASIC); Central Bank of Ireland; Financial Futures Association, Japan; Financial Services Board (FSB), South Africa and Israel Securities Authority (ISA)
Platforms – MetaTrader 4, AvaTrader
Minimum Deposit – $100
Deposit Options – Bank Wire, PayPal, WebMoney, Skrill, Credit Card, Neteller, Prepaid Master Card, etc.
Maximum Leverage – 400
Minimum Lot Size – 0.05
Spreads – Fixed
Lowest Spreads for EUR/USD – 3

Click Here to Open Account AVATrade

#10: eToro

etoro best forex broker

eToro, an online forex broker, offers trading in currencies, indices, commodities and CFD stocks. More than 4.5 million users from over 170 countries around the world make use of the online forex broker’s website. Founded in 2006 in Tel Aviv, the multi-asset brokerage company has registered offices in Israel, the United Kingdom and Cyprus. One of the key features of eToro is the social investment platform with Copy-Trading feature that it offers.

Broker Type – Market Maker
Regulation – Cyprus Securities and Exchange Commission (CySEC), Markets in Financial Instruments Directive (MiFID), Commodity Futures Trading Commission (CFTC), Financial Conduit Authority (FCA), National Futures Association (NFA), Australian Securities and Investments Commission (ASIC)
Platforms – eToro OpenBook, eToro WebTrader, eToro Mobile Trader
Minimum Deposit – $50
Deposit Options – Bank Wire Transfer, Credit/Debit Card, Skrill, Moneygram, PayPal, Neteller, Webmoney, Western Union
Maximum Leverage – 400:1
Minimum Lot Size – 0.01
Spreads – Fixed
Lowest Spreads for EUR/USD – 3

Click Here to Open Account ETORO

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