Brokerchooser blog - Forex


Best forex brokers in 2018

Best forex brokers in 2018
| Gergely Korpos Gergely Korpos

Choose the best forex broker, we did the research for you. We tested in-depth only quality online brokers available for European and US customers. We evaluated fees, funding, withdrawal, product portfolios, account opening, trading platforms and more.

As a result, we filtered out the forex brokers with the highest quality and the lowest fees.  

Our top five picks for the best forex brokers in 2018 are:

Broker Description From which regions you can open an account?
Saxo Bank Danish investment bank Worldwide except for the US
Interactive Brokers Leading discount broker from the US Worldwide
Pepperstone Australian discount forex broker Worldwide except for the US
FXCM UK forex broker Worldwide except for the US
Oanda US discount forex broker Worldwide

Head to our country selector to get detailed info on which broker is available in your country.

We have created two forex broker categories: stockbrokers offering forex and forex-only brokers. At the stockbrokers, you can also trade with other instruments like stocks and bonds. At forex-only brokers, you can trade with forex and in some cases CFDs.

 

BEST STOCKBROKERS OFFERING FOREX

  Saxo Bank Interactive B.
Fee structure ★★★★ ★★★★★
Funding and withdrawal ★★★★★ ★★
Forex product portfolio ★★★★★ ★★★★★
Account opening ★★★ ★★
Trading platform (web) ★★★★ ★★
Overall rating 4.8 4.4

BEST FOREX-ONLY BROKERS

  Pepperstone FXCM Oanda
Fee structure ★★★★ ★★★★ ★★★★★
Funding and withdrawal ★★★★★ ★★★★★ ★★★★
Forex product portfolio ★★★★ ★★ ★★★
Account opening ★★★★★ ★★★★★ ★★★★★
Trading platform (web) ★★★★★ ★★★ ★★★★
Overall rating 4.3 4.2 4.1

If you are a beginner, be very careful with forex trading. You can easily lose all of your money within a couple of seconds. The best way to start is to open a demo account and start learning. All of the mentioned brokers above offer a demo account. A demo account is where you can try out trading with paper money, without risking your own savings. Improve your learning further at the forex trading 101 chapter.

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Not sure which forex broker to choose? For a personal broker recommendation, check out Brokerchooser's broker selection tool. You input your preferences and you get a personal recommendation fitting your needs.

Want to see more options? For comparing all the brokers, visit our comparison page.