Here are my forex broker reviews containing all of the forex brokers that I have reviewed over the years. Each forex broker review includes the account types, trading platforms, trading tools, educational resources, deposit and withdrawal methods, regulation, summary and an overall rating. There is also a link to each official forex broker website included for your convenience. You can also take a look at my best forex brokers.
| # | NAME | RATING |
|---|---|---|
| 1 | AvaTrade | |
| 2 | IG | |
| 3 | IC Markets | |
| 4 | Forex.com | |
| 5 | FXTRADING.com | |
| 6 | TMGM | |
| 7 | Pepperstone | |
| 8 | RoboForex | |
| 9 | Swissquote | |
| 10 | GO Markets | |
| 11 | HYCM | |
| 12 | Admirals | |
| 13 | FP Markets | |
| 14 | Oanda | |
| 15 | XM Group | |
| 16 | Capital.com | |
| 17 | Eurotrader | |
| 18 | Exclusive Markets | |
| 19 | Tickmill | |
| 20 | City Index | |
| 21 | Fortrade | |
| 22 | Purple Trading | |
| 23 | Trade Nation | |
| 24 | ACY Securities | |
| 25 | Axi | |
| 26 | BlackBull Markets | |
| 27 | Blueberry Markets | |
| 28 | Darwinex | |
| 29 | easyMarkets | |
| 30 | Eightcap | |
| 31 | eToro | |
| 32 | Fusion Markets | |
| 33 | FX Primus | |
| 34 | FXOpen | |
| 35 | FXPIG | |
| 36 | FXTM | |
| 37 | Global Prime | |
| 38 | Iron FX | |
| 39 | Key to Markets | |
| 40 | Libertex | |
| 41 | Markets.com | |
| 42 | NordFX | |
| 43 | Plus500 | |
| 44 | TradeDirect365 | |
| 45 | Valutrades | |
| 46 | Vantage | |
| 47 | XTB | |
| 48 | CM Trading | |
| 49 | PU Prime | |
| 50 | Rockfort Markets | |
| 51 | Traders Way | |
| 52 | Switch Markets | |
| 53 | SuperForex | |
| 54 | Coinexx | |
| 55 | Evolve Markets | |
| 56 | FXChoice | |
| 57 | Hantec Global | |
| 58 | KOT4X | |
| 59 | Nash Markets | |
| 60 | OspreyFX | |
| 61 | Hugo’s Way | |
| 62 | PaxForex | |
| 63 | Bold Prime | |
| 64 | CryptoRocket | |
| 65 | Hankotrade | |
| 66 | LMFX |
What is a Forex Broker?
For those new to forex trading, a forex broker is a company that provides you with a trading account and platform for trading online. Anyone can open an account and trade forex currencies, CFD’s on stocks, indices, commodities, cryptocurrencies, precious metals, energies and more.
The majority of forex brokers will provide clients with the popular and widely used MetaTrader 4 (MT4) platform free of charge for desktop, web and mobile devices. MetaTrader 4 is well known for its intuitive interface and abundance of trading tools. Its user friendliness makes it a popular choice for beginners whilst it has plenty of advanced functionality to satisfy the needs of most seasoned traders.
You can choose to open a demo account if you wish to practice your trading strategies with virtual funds until you feel confident enough to open a real account. This is common practice amongst new traders as it enables them to familiarise themselves with the trading platform and how trading online works.
Brokers charge a fee for using their services. This can include a spread and commission on each trade you place with them. It is generally considered that the lower the spread and commission, the cheaper your trading costs can be.
In addition to broker fees, there are other factors worth considering such as the regulation, account funding options, minimum deposit, leverage, educational resources, trading tools, market analysis and customer service.
Whilst there are many forex brokers to choose from, I would personally choose a regulated and established brokerage that has tight spreads, competitive commissions with plenty of liquidity providers (LP’s) for reliable execution speeds at the best possible prices. I would also opt for a regulated broker to help give me peace of mind that my funds should be safe in the case something should go wrong.