Best Forex Brokers

All best Forex Brokers, listed in one place. We have done all the research, you just pick your favorite.

Forex trading is one of the most lucrative and accessible forms of trading that’s available today. You need to use a forex broker to trade forex, and you will learn more about the best brokers in the business on this page.

What Forex Brokers are the best? See the result below:

Here Are The Best Forex Brokers in 2018

Find the best trading platform. You capital is at risk when trading. Be careful.

Risk Warning:

Your capital will be at risk when using any of the recommended brokers on this page. Never invest money you can’t afford to lose. Using a high leverage can result in big losses. Between 65-89% of retail investors lose money when trading contracts for difference (CFD). Bullmarketz may be compensated by some of the brokers listed on our website.

Is CFD Trading allowed in your country?

CFD Regulation Country by Country. The CFD trading services we are listing in this article is avalible in the following countries.

Europe:

  • Albania
  • Australia
  • Bosnia & Herzegovina
  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Kosovo
  • Latvia
  • Lithuania
  • Macedonia
  • Malta
  • Moldova
  • Montenegro
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Turkey
  • Ukraine
  • United Kingdom

Excluded: Belgium

North America

  • Belize
  • Canada
  • Costa Rica
  • Cuba
  • Guatemala
  • Honduras
  • Jamaica
  • Mexico
  • Nicaragua
  • Panama
  • Puerto Rico
  • The Bahamas

Excluded: United States

South America

  • Argentina
  • Bolivia
  • Chile
  • Colombia
  • Dominican Republic
  • Ecuador
  • Guyana
  • Paraguay
  • Peru
  • Suriname
  • Uruguay
  • Venezuela

Excluded: Brazil

Africa

  • Algeria
  • Angola
  • Benin
  • Botswana
  • Burkina Faso
  • Burundi
  • Cameroon
  • Central African Republic
  • Chad
  • Democratic Republic of Congo
  • Egypt
  • Eritrea
  • Ethiopia
  • Gabon
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Kenya
  • Lesotho
  • Liberia
  • Libya
  • Madagascar
  • Malawi
  • Mali
  • Mauritania
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • Nigeria
  • Republic of the Congo
  • Rwanda
  • Sierra Leone
  • Somalia
  • South Africa
  • South Sudan
  • Sudan
  • Swaziland
  • Tanzania
  • The Ivory Coast
  • Togo
  • Tunisia
  • Tunisia
  • Uganda
  • Western Sahara
  • Zambia
  • Zimbabwe

Middle East

  • Georgia
  • Armenia
  • Azerbaijan
  • Iran
  • Iraq
  • Syria
  • Lebanon
  • Cyprus
  • Israel
  • Jordan
  • Saudi Arabia
  • Kuwait
  • Bahrain
  • Qatar
  • United Arab Emirates
  • Oman
  • Yemen

Asia

  • Afghanistan
  • Bangladesh
  • Cambodia
  • China
  • China
  • India
  • Indonesia
  • Japan
  • Kazakstan
  • Kirgizistan
  • Laos
  • Malaysia
  • Mongolia
  • Myanmar
  • North Korea
  • Pakistan
  • Papua New Guinea
  • Philippines
  • Singapore
  • South Korea
  • Sri Lanka
  • Thailand
  • Turkmenistan
  • Uzbekistan
  • Vietnam

Excluded: Hong Kong

Oceania:

  • Australia
  • New Zealand

The forex market is the biggest market in the world with a several billion dollar daily turnovers. It is also a decentralized market meaning that all trades are conducted between two users over the internet, unlike stock trading that is done on a physical stock exchange. Forex trading is a peer-2-peer (P2P) system.

However, as a private individual, you can’t just buy and sell currencies because you feel like it. Instead, if you want to trade forex you need to use a forex broker. The broker will act as the middle-man, or seller, and you will be the buyer. It might sound a bit confusing at first, but it’s actually a simple system.

The only issue is that there are so many brokers to choose from. In fact, there are several hundreds if not thousands, and trying to evaluate which one is the best can feel overwhelming, to say the least. Luckily, there are a couple of rules and guidelines you can follow to evaluate if a broker is good enough.

Also, if you don’t want to evaluate the brokers yourself you could always head over to our recommendations and see if you find a broker you like there. We only recommend the best brokers and services that we would use ourselves, so you can always be sure that the brokers are legit.

Forex Broker Guidelines

License and Regulation – The first and most important step when evaluating a broker is to see what kind of license they have and who regulates them. If a broker doesn’t have a license, you as a customer don’t have any rights, which means that the broker could steal your money and sell your personal information without consequences. All the brokers we recommend have licenses and are regulated within Europe and other parts of the world. You can find more information about each broker in our detailed broker reviews.

Platform – A platform is a tool or software that you use to conduct trades. Because of this, it is very important that you find a platform that you like and feel comfortable with. A platform should also provide the tools you’re looking for in a practical way. Some brokers develop their own platforms and some use platforms developed by third parties. The most famous forex trading platform is MetaTrader 4.

The best way to test a platform to see if it fits you is to open a demo account with the broker offering the platform. With a demo account, you get to try all the features and tools using virtual money in a risk-free environment.

Currency Pairs and Assets – After you find a platform that you like you need to check if the currency pairs that you’re interested in are available on the platform. There is no point of using a broker that doesn’t offer the assets you’re looking for.

You should also check to see if the broker offers other assets than currencies. For example, some brokers offer forex and cryptocurrencies, or stocks and commodities. We recommend finding a broker that provides more than one asset since it gives you more opportunities.

On top of the three above-mentioned factors, there are other minor things you should consider such as mobile compatibility, customer service, and reputation. Don’t forget that the most important thing is that you feel comfortable with the broker – don’t focus too much on what other traders have to say.

Why Do You Need to Use a Forex Broker?

The most obvious answer to that question is that you need somebody to connect you with the market. You see, the forex market is completely decentralized and online which means you need a forex broker to act as the middleman. However, there are several other benefits of using a forex broker and we list some of the most important below.

Safety

We keep bringing this up but it’s too important not to. All the above-mentioned brokers are licensed and regulated and that is the safest way to trade forex. The best forex brokers in the world are obligated to protect you, your funds, and your personal information so that you don’t have to worry and can focus on trading. Every broker that we recommend have at least one license from one of the leading authorities in Europe.

That being said you need to understand that not even the best forex broker can protect you from losses, and trading will always be associated with high risk.

Leverage and Margin

Leverage and margin is a service that forex brokers offer to their clients and without it, it would be impossible to make a profit from the forex market. A margin is a loan that brokers offer to give you leverage in your trade. By multiplying your invested amount, the broker increases your exposure to each position which maximizes your potential profit while it also increases the risk.

Using leverage is essential in forex trading since currency pairs never move a lot and without leverage, you would need to invest huge amounts of money on your own.

Streamlined Efficiency

The best forex brokers in the industry have all streamlined their products to be as easy to use as possible. Today’s trading platforms are sophisticated but highly efficient and you could technically start trading later today. Also, for every upgrade the available trading platforms go through, the easier it gets to execute trades.

Short Selling

Forex trading is great for many reasons, one being the ability to trade both long and short. Since currencies tend to fluctuate a lot in price, the need to short sell is high and that is something that all of the leading forex brokers offer. In fact, it is equally as easy to invest with the market as it is to bet against it.

Trading Platforms

The trading platforms that are offered today are the best we have ever seen and the development is rapid. Some of the mobile platforms that you can use today are way superior to the regular platforms that were offered just a few years ago.

And let’s not forget that almost all forex brokers also provide access to more assets than just currencies. With a good broker, you’ll be able to trade thousands of assets on a handful of markets.

With an account at one of the top forex brokers, you will have access to a trading platform that’s been designed with you in consideration. And there’s more than just trading opportunities, all platforms come with analytic tools which bring us to the next point in the list.

Charting Tools and Educational Material

Without the possibility of analyzing the market, you will be lost and forced to invest blindly. Because of this, all top forex broker provide their customers with analytic tools and charting software, so that you can perform all the analysis that you need.

Some brokers have better tools than others and you can learn more about them in our detailed forex broker reviews.

In addition, all of the industry-leading CFD brokers have created extensive educational programs where you can learn more about trading and everything related to the subject. The material ranges from written guides to videos, eBooks, webinars, and more.

Demo Account

The ability to open a demo account and practice trading before you start risking your real money is very important. Demo accounts have been come standard in the industry but sometimes the genius of them are overlooked.

Even the most experienced trader can have the use for a demo account to test new trading techniques and evaluate strategies.

Recommended Forex Brokers

We here at BullMarketz have been trading for many years and during those years we have tried many different brokers – some better than others. This experience has taught us what to look out for and it has given us the skill set needed to quickly evaluate a new broker.

To help you out we have recommended some of the best brokers on the market. We have used our experience from trading on the currency market to evaluate several brokers. Please be assured that we would never recommend a service that we wouldn’t use ourselves.

Below you’ll find a quick overview of a few of the best brokers for currency trading right now. We also provide more detailed reviews of the brokers and we recommend you read through the reviews to see if you find a broker you like.

These Are the Top Five Best Forex Brokers:


1. Markets.com – The Best Forex Broker

Markets.com is always our first-hand choice when it comes to forex trading. In fact, there is no doubt that this is the best forex broker on the market and definitely one you have to try. Recently, they added cryptocurrencies to their selection of assets and we promise you that this is the easiest way to trade digital currencies online. In terms of platforms, Markets.com offers the renowned MetaTrader 5 CFD trading platform and it is pure pleasure to trade with it. Also, if you ever get sick of trading on the 50 currency pairs offered, you have another 2,000+ CFDs to choose from.

Platform: MetaTrader 5
Assets: 2,000+ assets with 50 minors and majors
Demo Account: Yes
License: CySEC and FCA
Forex App: Yes

Read our Markets.com Review

Find the best trading platform. You capital is at risk when trading. Be careful.


2. 24Option – MetaTrader 4 At Its Best

24Option is an outstanding forex broker in every way possible. They offer the MetaTrader 4 and roughly 50 currency pairs with tight spread good leverage and everything else you could think of. This broker is also one of the most established brands in the industry and they are currently the official sponsor of the Italian football team Juventus. A few years ago, when this, at the time, very prominent binary options brokers decided to start offering forex and CFDs, no one really knew how it would end. Luckily, it was a major hit and 24Option now belongs to the best forex brokers in the world.

Platform: MetaTrader 4
Assets: 50 currency pairs and hundreds of CFDs.
Demo Account: Yes
License: CySEC
Forex App: Yes

Read our 24Option Review

Find the best trading platform. You capital is at risk when trading. Be careful.


3. IQ Option – State of the Art Forex Trading

As one of the newer CFD brokers in our list, IQ Option has managed to establish themselves as a leading forex broker in record time. Today, IQ Option focuses on forex, stocks, and cryptocurrencies, with their forex product being one of the absolute best in the world. Being the fact that IQ Option has developed their own forex trading platform, the trading with IQ Option is not only unique but really exciting. Furthermore, IQ Option offers one of the best forex apps in the world and a great demo account.

Platform: IQ Option
Assets: 90 currency pairs and hundreds of CFDs.
Demo Account: Yes
License: CySEC
Forex App: Yes

Read our IQ Option Review

Find the best trading platform. You capital is at risk when trading. Be careful.


4. eToro – You Go-to Solution for Copy and Social Trading

If you don’t feel like spending time analyzing the market and finding trading opportunities, you need to start using eToro. This broker lets you copy other successful traders which increases your possibility of making a profit. The combination of a great copy trading platform and a social trading network creates a unique experience that we recommend everyone tries at least once.

Platform: eToro Copy and Social Trading
Assets: Hundreds of assets and 50+ currency pairs.
Demo Account: Yes
License: FCA
Forex App: Yes

Read our eToro Review

Find the best trading platform. You capital is at risk when trading. Be careful.


5. Libertex – The Future of Forex Trading

Libertex is one of our new favorite forex brokers in the industry and the first-hand choice for hundreds of thousands of traders. Their cross-market trading platform has one a multitude of awards and is considered to be one of the most innovative software today. Trading with Libertex is always fun and their large selection of assets ensures that you always have something new to trade with.

Platform: Libertext Forex Platform
Assets: Hundreds of exciting assets including currencies, crypto, and more.
Demo Account: Yes
License: CySEC
Forex App: Yes

Read our Libertex Review

Find the best trading platform. You capital is at risk when trading. Be careful.

Other Forex Brokers

In addition to the top five best brokers, we have also tested, reviewed, and recommended many other brokers based on other criteria. Due to licenses and regulation, one of the most important differences between certain brokers are the regions in which they operate. Because of that, we’ve listed some of the best forex brokers in specific areas of the world.

Best Forex Brokers UK

As a trader based in Great Britain, you have opportunities and options that others don’t; tax-free spread betting being one of the most popular. Because of that, we’ve listed the best forex brokers UK for your convenience.

Best Forex Brokers South Africa

Not all brokers have acquired licenses to operate in Africa which means South African traders are a bit more limited than others. That being said, there is still a good selection for the best forex brokers in South Africa that you can choose between.

For even more recommendations you can take a look at some of the other leading forex brokers that we’ve listed below. You’ll also find more information about what’s required from the best forex brokers and how we evaluate and review them.

More Top Forex Brokers:

  • FxPro review is a combination of a CFD and forex broker, and it is a stable option for both markets.
  • BDSwiss review was first launched as a broker with a rather small trading platform but they have since broadened their selection to include currencies and CFDs.
  • Instaforex review is a regulated broker who specializes in forex trading. They also offer CFDs.
  • IG Markets review – This is one of the single most well-established forex brokers in Europe. IG Markets is based in London, England, and the broker has a large global user base that loves trading forex on their award-winning platform.
  • Forex.com review – Is another great broker that accepts US traffic, which is quite uncommon.
  • iForex – A broker who focus a lot of effort on forex trading.
  • FXCM – Offers a cutting-edge platform and very innovative trading tools.

As we mentioned, this was only a small overview of some of the brokers we recommend. If you want to know more you can find information about all of these brokers and much more under the tab “Forex Trading” in the top menu. However, if you don’t have time to read reviews and want to start trading today we recommend that you open an account with Markets.com!

A Few Final Words

Out list of the best forex brokers in the industry is the most accurate out there. It is made up of the single top performing brokers and we know for a fact that you will be able to find a broker that fits you in the list.

Do you have a question about forex brokers? Leave a comment below and we’ll get back to you as soon as we can.