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List of all Forex Brokers 2025

Last updated Sep 10, 2025
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

Below is the Forex brokers directory for 2025. For more information, select a category or broker from the list.

Broker categories: open
1
AvaTrade Logo
4.7/5
AvaTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
2
FP Markets Logo
4.7/5
FP Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
3
IC Markets Logo
4.7/5
IC Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
4
ACY Securities Logo
4.6/5
ACY Securities review
RegisterTrading CFDs carries high risks. You may lose all invested funds
5
Pepperstone Logo
4.6/5
Pepperstone review
Register81.7% of retail investors lose money when trading CFDs with this broker
6
Eightcap Logo
4.5/5
Eightcap review
RegisterTrading CFDs carries high risks. You may lose all invested funds
7
easyMarkets Logo
4.5/5
easyMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
8
Vantage Logo
4.5/5
Vantage review
RegisterTrading CFDs carries high risks. You may lose all invested funds
9
Tickmill Logo
4.5/5
Tickmill review
RegisterTrading CFDs carries high risks. You may lose all invested funds
10
PrimeXBT Logo
4.4/5
PrimeXBT review
RegisterTrading CFDs carries high risks. You may lose all invested funds
11
AMarkets Logo
4.4/5
AMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
12
Libertex Logo
4.4/5
Libertex review
Register74.91% of retail investors lose money when trading CFDs with this broker
13
Roboforex Logo
4.4/5
Roboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
14
FxPro Logo
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
15
CMC Markets Logo
4.4/5
CMC Markets review
Register69% of retail investors lose money when trading CFDs with this broker
16
Moneta Markets Logo
4.4/5
Moneta Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
17
Blueberry Markets Logo
4.4/5
Blueberry Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
18
Ultima Markets Logo
4.4/5
Ultima Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
19
Plus500 Logo
4.3/5
Plus500 reviewPlus500 is a CFD broker and offers Forex CFDs.
Register80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
20
Exness Logo
4.3/5
Exness review
RegisterTrading CFDs carries high risks. You may lose all invested funds
21
FBS Logo
4.3/5
FBS review
RegisterTrading CFDs carries high risks. You may lose all invested funds
22
HF Markets Logo
4.3/5
HF Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
23
Deriv Logo
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
24
ActivTrades Logo
4.3/5
ActivTrades review
Register81% of retail investors lose money when trading CFDs with this broker
25
IFC Markets Logo
4.3/5
IFC Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
26
Admirals Logo
4.3/5
Admirals review
RegisterTrading CFDs carries high risks. You may lose all invested funds
27
FXCM Logo
4.3/5
FXCM review
Register67-72% of retail investors lose money when trading CFDs with this broker
28
OANDA Logo
4.3/5
OANDA review
Register71-76.6% of retail investors lose money when trading CFDs with this broker
29
FXOpen Logo
4.3/5
FXOpen review
Register58-60% of retail investors lose money when trading CFDs with this broker
30
XM Logo
4.2/5
XM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
31
NPBFX Logo
4.2/5
NPBFX review
RegisterTrading CFDs carries high risks. You may lose all invested funds
32
HYCM Logo
4.2/5
HYCM review
Register71-74% of retail investors lose money when trading CFDs with this broker
33
InstaForex Logo
4.2/5
InstaForex review
Register71.99% of retail investors lose money when trading CFDs with this broker
34
Dukascopy Bank SA Logo
4.2/5
Dukascopy Bank SA review
RegisterTrading CFDs carries high risks. You may lose all invested funds
35
FreshForex Logo
4.1/5
FreshForex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
36
FIBO Group Logo
4.1/5
FIBO Group review
RegisterTrading CFDs carries high risks. You may lose all invested funds
37
FOREX.com Logo
4.1/5
FOREX.com review
Register68-81% of retail investors lose money when trading CFDs with this broker
38
IG Logo
4.1/5
IG review
Register68-72% of retail investors lose money when trading CFDs with this broker
39
LiteFinance Logo
4.1/5
LiteFinance review
Register80% of retail investors lose money when trading CFDs with this broker
40
FXTM Logo
4.1/5
FXTM review
Register75% of retail investors lose money when trading CFDs with this broker
41
Trading.com Logo
4.1/5
Trading.com review
RegisterTrading CFDs carries high risks. You may lose all invested funds
42
Alpari Logo
4.1/5
Alpari review
RegisterTrading CFDs carries high risks. You may lose all invested funds
43
xChief Logo
4.1/5
xChief review
RegisterTrading CFDs carries high risks. You may lose all invested funds
44
JustMarkets Logo
4.1/5
JustMarkets review
Register67.86% of retail investors lose money when trading CFDs with this broker
45
Grand Capital Logo
4/5
Grand Capital review
RegisterTrading CFDs carries high risks. You may lose all invested funds
46
ThinkMarkets Logo
4/5
ThinkMarkets review
Register67.99-69.82% of retail investors lose money when trading CFDs with this broker
47
Axi Logo
4/5
Axi review
RegisterTrading CFDs carries high risks. You may lose all invested funds
48
World Forex Logo
4/5
World Forex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
49
GMG Markets Logo
4/5
GMG Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
50
Gerchik & Co Logo
3.9/5
Gerchik & Co review
RegisterTrading CFDs carries high risks. You may lose all invested funds
51
BDSwiss Logo
3.9/5
BDSwiss review
RegisterTrading CFDs carries high risks. You may lose all invested funds
52
eToro Logo
3.8/5
eToro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
53
Dukascopy Europe Logo
3.8/5
Dukascopy Europe review
Register71.03% of retail investors lose money when trading CFDs with this broker
54
Forex4you Logo
3.8/5
Forex4you review
RegisterTrading CFDs carries high risks. You may lose all invested funds
55
XTB Logo
3.7/5
XTB review
RegisterTrading CFDs carries high risks. You may lose all invested funds
56
TeleTrade Logo
3.6/5
TeleTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
57
Orbex Logo
3.6/5
Orbex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
58
NordFX Logo
3.5/5
NordFX review
RegisterTrading CFDs carries high risks. You may lose all invested funds
59
ScoreCM Logo
3.4/5
ScoreCM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
60
XTrade Logo
3.3/5
XTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
61
MTrading Logo
3.1/5
MTrading review
RegisterTrading CFDs carries high risks. You may lose all invested funds

How the Forex brokers directory is compiled

To compile an independent Forex broker list, the website IamForexTrader utilizes a comprehensive system - a methodology for evaluating brokers. Our research considered several factors: the broker's trading platform, customer service, reviews, fees and commissions, spreads, leverage, regulation, account types, and deposit/withdrawal methods.

We start by examining the broker's reliability and reputation. Then, we evaluate the trading platform, customer support service, commissions, spreads, the range of trading instruments, leverage, and the types of accounts the broker offers. Next, we study the rules and methods of depositing/withdrawing funds. We also verify how the broker executes withdrawals.

After considering all these factors, we use our evaluation algorithm to assign an overall score to the broker. The algorithm considers factors such as customer reviews of Forex brokers, reliability and security, the range of services offered, ease of use, and overall reputation. We then combine this rating with the assessments of our users to arrive at the final broker score.

We believe that our full list of Forex brokers provides a fair and accurate representation of all brokers in the market. Primarily, this Forex broker ranking is aimed at helping beginner traders make informed decisions when choosing a broker for their trading needs.

What Are Forex Brokers?

Forex brokers are licensed financial intermediaries that connect retail traders to the interbank currency market. They provide access to a trading platform, real-time quotes, and liquidity, accept and execute your orders, and settle positions on a T+0 basis.

Key Functions of a Forex Broker

  • Trading platform & quotes — MetaTrader 4/5, cTrader, or proprietary web terminals with live prices.
  • Order execution — routing orders to the external market (ECN/STP model) or internal dealing (Market Maker).
  • Leverage — up to 1:30 within the EU and as high as 1:1000 outside the EU, allowing larger positions but increasing risk.
  • Infrastructure & support — VPS servers, market analysis, economic calendars, calculators, and APIs for algo-trading.
  • Custodial service — client funds kept in segregated accounts with daily position reporting.

How to Choose a Reliable Forex Broker: Checklist

Copy these criteria or take our online Forex broker checklist — an interactive tool that builds a personal report in two minutes and shows where a broker falls short.
CriterionWhat to CheckWhy It Matters
RegulationLicence number and regulator (CySEC, ASIC, FCA, DFSA, etc.)Fund protection and compensation schemes
Reputation & Track RecordYear founded, industry reviews, trader feedbackLowers operational and legal risk
Trading ConditionsSpreads/commissions, execution model, speed & slippageDirect impact on net returns
LeverageMaximum available and how it scales with risk profileBalance between profit potential and loss risk
Platforms & ToolsMT4/MT5, mobile apps, copy-trading, analyticsConvenience and advanced features
Funding & Withdrawal MethodsCards, bank transfers, e-wallets, cryptocurrenciesSpeed and cost of transactions
Customer Support24/5 or 24/7, languages, local phone/chatFast resolution of technical and financial issues
Tip: Open a demo account and make a small deposit first to verify platform stability and withdrawal speed.

FAQ

What is the most reliable Forex broker?

The most reliable Forex broker is one that is regulated by reputable financial authorities such as the FCA (Financial Conduct Authority) in the UK, ASIC (Australian Securities and Investments Commission) in Australia, or CySEC (Cyprus Securities and Exchange Commission) in Cyprus. Examples of such brokers include IC Markets, Oanda, and FXCM. A reliable broker should also have transparent trading conditions, positive client reviews, and a long history of operation in the market.

Where is the best place to trade Forex?

The best place to trade Forex is on platforms provided by regulated brokers that offer favorable trading conditions, a wide range of instruments, and quality customer support. Popular platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Recommended brokers for trading include Admirals, CMC Markets, and FBS, which offer competitive spreads and high liquidity.

Which broker is the best?

The best broker for you depends on your individual needs and preferences. If you are a beginner, look for a broker with good educational support and simple trading conditions, such as eToro or IG. For experienced traders, brokers with advanced trading platforms and low spreads, such as IC Markets or Pepperstone, are suitable. It is also important to consider the broker’s licenses and regulation, as well as reviews from other traders.

What is the commission on Forex?

The commission on Forex can vary depending on the broker and the type of account. The main types of commissions include spreads (the difference between the buying and selling price), trading fees, and swaps (the fee for carrying a position overnight). For example, STP and ECN brokers may have low spreads but charge commissions for each trade. Before starting to trade, it is recommended to study the commission structure of the specific broker.

What is the difference between an exchange and a broker?

An exchange is a centralized marketplace where buyers and sellers can trade financial instruments such as stocks, futures, and options. Exchanges ensure transparency and regulation of trading operations. A broker is an intermediary that provides access to trading platforms and executes client orders on various markets, including exchanges and the interbank Forex market. Unlike exchanges, Forex brokers can offer over-the-counter (OTC) trading.

Nikolay Zavarov - AuthorNikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.