Forex broker reviews: see main details for 50 top brokers

Written by
Adam N.
Fact checked by
Updated
Apr 2024

Below, you can find reviews of forex brokers. All forex brokers are regulated by at least one top-tier financial authority, like the UK FCA or Australian ASIC.

You can read about forex brokers' minimum deposit spreads, country of regulation, and so on.

You might be also interested in the Best Forex Brokers.

Forex brokers list

In this section, you can find a complete list of forex brokers from all over the world. The forex broker list is ordered based on BrokerChooser's best forex broker scoring.

You can find information about the following forex brokers:

Top 10 forex brokers: 1/Saxo Bank, 2/Fusion Markets, 3/CMC Markets, 4/Interactive Brokers, 5/Capital.com, 6/TradeStation Global, 7/Questrade, 8/City Index, 9/Axi, 10/Swissquote

10-20 forex brokers: 11/TD Ameritrade, 12/Tickmill, 13/MultiBank, 14/Forex.com, 15/Pepperstone, 16/XTB, 17/TMGM, 18/FP Markets, 19 GO Markets, 20/IC Markets

20-30 forex brokers: 21/ActivTrades, 22/Oanda, 23/FXTRADING.com, 24/Vantage, 25/Moneta Markets, 26/Eightcap, 27/VT Markets, 28/FxPro, 29/IG, 30/BlackBull Markets

30-40 forex brokers: 31/AvaTrade, 32/Royal, 33/XM, 34/Rakuten Securities, 35/HYCM, 36/FXTM, 37/FBS, 38/eToro, 39/OvalX, 40/Plus500

40+ forex brokers: 41/Trade Nation, 42/FXCM, 43/Trading 212, 44/AMP Global, 45/Markets.com, 46/Comdirect, 47/flatex, 48/Fineco Bank.

Top 10 forex brokers

  Saxo Bank Fusion Markets CMC Markets Interactive Brokers Capital.com TradeStation Global Questrade City Index Axi Swissquote
Minimum deposit $2,000 $0 $0 $0 $20 $1,000 $1,000 $0 $0 $0
EURUSD spread 0.8 0.0 0.7 0.1 0.6 0.1 1.0 0.9 0.1 1.6
GBPUSD spread 1.3 0.2 0.9 0.3 1.3 0.3 1.5 1.5 0.1 2.1
Currency pairs (#) 190 89 338 105 138 105 116 84 76 80
Country of regulation Denmark, UK, France, Italy, Switzerland, Singapore, Japan, Hong Kong, Australia Australia, Vanuatu UK, Australia, Canada, New Zealand, Singapore, Germany USA, Ireland, UK, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore UK, Cyprus, Australia, Seychelles UK Canada UK, Australia, Singapore UK, Australia, Dubai, St. Vincent and the Grenadines Switzerland, Luxembourg UK, UAE, Hong Kong, Singapore, Malta
MT4 available No Yes Yes No Yes No No Yes Yes Yes
MT5 available No Yes No No No No No No No Yes
US clients accepted No No No Yes No No No No No No

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10-20 forex brokers

  TD Ameritrade Tickmill MultiBank Forex.com Pepperstone XTB TMGM FP Markets GO Markets IC Markets
Minimum deposit $0 $100 $50 $100 $0 $0 $100 $100 $120 $200
EURUSD spread 1.3 0.0 0.1 1.3 0.1 1.1 0.0 0.1 0.3 0.0
GBPUSD spread 1.5 0.2 0.3 1.1 0.45 1.5 0 0.5 0.3 0.3
Currency pairs (#) 140 64 55 91 62 57 57 63 52 61
Country of regulation USA, Hong Kong, Singapore UK, Cyprus, Seychelles, South Africa, Malaysia Australia, UAE, British Virgin Islands USA, UK, Canada, Japan, Cayman Islands, Cyprus UK, Germany, Cyprus, Australia, United Arab Emirates, Bahamas, Kenya UK, Poland, Cyprus, Spain, Belize, Dubai Australia, Vanuatu, New Zealand Australia, Cyprus, St. Vincent and the Grenadines Cyprus, Australia, Mauritius Cyprus, Australia, Seychelles
MT4 available No Yes Yes Yes Yes Yes No Yes Yes Yes
MT5 available No Yes Yes Yes Yes No No Yes No Yes
US clients accepted Yes No No Yes No No No No No No

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20-30 forex brokers

  ActivTrades Oanda FXTRADING.com Vantage Moneta Markets Eightcap VT Markets FxPro IG BlackBull Markets
Minimum deposit $500 $0 $200 $200 $50 $100 $200 $100 $0 $2,000
EURUSD spread 0.5 0.9 0.2 0.1 0.1 0.0 0.1 1.7 0.6 0.2
GBPUSD spread 0.8 1.2 0.3 0.3 0.4 0.2 0.4 2.52 0.9 0.5
Currency pairs (#) 49 69 44 45 45 47 39 70 205 72
Country of regulation UK, Luxembourg US, UK, Australia, Singapore, Canada, Malta, British Virgin Islands Australia, Vanuatu Vanuatu, but Vantage Group has regulation in Australia, UK, Cayman Islands Vanuatu, but Vantage Group has regulation in Australia, UK, Cayman Islands Australia, Vanuatu Cayman Islands, Australia Cyprus, UK, Bahamas, South Africa UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand New Zealand, Seychelles
MT4 available Yes Yes Yes No Yes Yes Yes Yes Yes Yes
MT5 available Yes No Yes No Yes Yes Yes Yes No Yes
US clients accepted No Yes No No No No No No Yes No

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30-40 forex brokers

  AvaTrade Royal XM [vbl,(Rakuten Securities),(broker),(86),(TableNameLinkClick)] HYCM FXTM FBS eToro [vbl,(OvalX),(broker),(100),(TableNameLinkClick)] Plus500
Minimum deposit $100 $50 $5 $50 $100 $50 $1.2 $50 $100 $100
EURUSD spread 0.9 1.4 1.7 0.5 1.4 0.5 0.7 1.0 0.8 0.8
GBPUSD spread 1.5 1.5 2 0.8 2.2 1.2 1.2 2 1.4 1.2
Currency pairs (#) 55 62 57 40 70 62 100 49 62 70
Country of regulation Ireland, Australia, Japan, South Africa, Abu Dhabi, British Virgin Islands, Israel Australia, Cyprus, Lebanon, Saint Vincent and the Grenadines, Vanuatu Cyprus, Australia, Belize, United Arab Emirates Australia UK, Cyprus, Dubai, Cayman Islands Cyprus (and license from South Africa), UK, Mauritius Cyprus, Australia, Belize UK, Cyprus, Australia UK, Cyprus UK, Cyprus, Australia, New Zealand, Singapore, South Africa, Israel, Seychelles
MT4 available Yes Yes Yes Yes No Yes Yes No Yes No
MT5 available Yes No Yes No No Yes Yes No No No
US clients accepted No No No No No No No Yes No No

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40+ forex brokers

  Trade Nation FXCM Trading 212 [vbl,(AMP Global),(broker),(166),(TableNameLinkClick)] Markets.com Comdirect flatex Fineco Bank
Minimum deposit $0 $50 $0 $100 $100 $0 $0 $0
EURUSD spread 0.6 1.2 1.9 0.2 0.4 2.0 1.0 0.8
GBPUSD spread 0.8 1.4 2.1 0.4 0.8 3 3 1
Currency pairs (#) 39 45 179 69 67 72 71 54
Country of regulation UK, Australia, South Africa, Bahamas UK, Australia, South Africa and Cyprus UK, Bulgaria, Cyprus Cyprus Cyprus, UK, Australia, South Africa, British Virgin Islands Germany Germany Italy, UK
MT4 available No Yes No Yes Yes No No No
MT5 available No No No Yes Yes No No No
US clients accepted No No No No No No No No

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author image
Adam Nasli
Author of this article
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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