Forex broker rankings

List of all Forex Brokers 2026

2026 Top Forex Brokers List: Comprehensive Directory with Forex Broker Reviews & Trading Conditions. Find the Best Forex Broker.

  • Editorial broker database with live-trading tests
  • 70 forex brokers reviewed
  • Ratings, reviews, spreads and regulation in one place
Updated

Below is the Forex brokers directory for 2026. For more information, select a category or broker from the list.

Broker categories: open
1
AvaTrade
4.7/5
Minimum Deposit$100
Foundation Year
2006
Minimum Deposit
$100

Trading CFDs carries high risks. You may lose all invested funds

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2
XM
4.7/5
Minimum Deposit$5
Foundation Year
2009
Minimum Deposit
$5

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
3
FP Markets
4.7/5
Minimum Deposit$100
Foundation Year
2005
Minimum Deposit
$100

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
4
IC Markets
4.7/5
Minimum Deposit$200
Foundation Year
2007
Minimum Deposit
$200

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
5
Libertex
4.7/5
Minimum Deposit$100
Foundation Year
1997
Minimum Deposit
$100

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
6
GO Markets
4.7/5
Minimum Deposit$1
Foundation Year
2006
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
7
ACY Securities
4.6/5
Minimum Deposit$50
Foundation Year
2013
Minimum Deposit
$50

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
8
Pepperstone
4.6/5
Minimum Deposit$1
Foundation Year
2010
Minimum Deposit
$1

81.7% of retail investors lose money when trading CFDs with this broker

RegisterRegister
9
Eightcap
4.5/5
Minimum Deposit$100
Foundation Year
2015
Minimum Deposit
$100

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
10
easyMarkets
4.5/5
Minimum Deposit$25
Foundation Year
2001
Minimum Deposit
$25

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
11
Vantage
4.5/5
Minimum Deposit$50
Foundation Year
2009
Minimum Deposit
$50

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
12
Tickmill
4.5/5
Minimum Deposit$100
Foundation Year
2014
Minimum Deposit
$100

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
13
AMarkets
4.4/5
Minimum Deposit$100
Foundation Year
2007
Minimum Deposit
$100

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
14
Roboforex
4.4/5
Minimum Deposit$10
Foundation Year
2009
Minimum Deposit
$10

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
15
FxPro
4.4/5
Minimum Deposit$100
Foundation Year
2006
Minimum Deposit
$100

76% of retail investors lose money when trading CFDs with this broker

RegisterRegister
16
PU Prime
4.4/5
Minimum Deposit$20
Foundation Year
2015
Minimum Deposit
$20

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
17
CMC Markets
4.4/5
Minimum Deposit$1
Foundation Year
1989
Minimum Deposit
$1

69% of retail investors lose money when trading CFDs with this broker

RegisterRegister
19
Ultima Markets
4.4/5
Minimum Deposit$50
Foundation Year
2016
Minimum Deposit
$50

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
20
Headway
4.4/5
Minimum Deposit$1
Foundation Year
2021
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
21
PrimeXBT
4.4/5
Minimum Deposit$10
Foundation Year
2018
Minimum Deposit
$10

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
22
Moneta Markets
4.4/5
Minimum Deposit$50
Foundation Year
2020
Minimum Deposit
$50

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
23
Plus500
4.3/5
Minimum Deposit$100
Foundation Year
2008
Minimum Deposit
$100

Plus500 is a CFD broker and offers Forex CFDs.

80% 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.

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24
Exness
4.3/5
Minimum Deposit$10
Foundation Year
2008
Minimum Deposit
$10

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
25
FBS
4.3/5
Minimum Deposit$5
Foundation Year
2008
Minimum Deposit
$5

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
26
HF Markets
4.3/5
Minimum Deposit$1
Foundation Year
2010
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
27
Deriv
4.3/5
Minimum Deposit$1
Foundation Year
2020
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
28
ActivTrades
4.3/5
Minimum Deposit$1
Foundation Year
2001
Minimum Deposit
$1

81% of retail investors lose money when trading CFDs with this broker

RegisterRegister
29
IFC Markets
4.3/5
Minimum Deposit$1
Foundation Year
2006
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
30
Admirals
4.3/5
Minimum Deposit$1
Foundation Year
2001
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
31
FXCM
4.3/5
Minimum Deposit$50
Foundation Year
1999
Minimum Deposit
$50

67-72% of retail investors lose money when trading CFDs with this broker

RegisterRegister
32
OANDA
4.3/5
Minimum Deposit$1
Foundation Year
2001
Minimum Deposit
$1

71-76.6% of retail investors lose money when trading CFDs with this broker

RegisterRegister
33
FXOpen
4.3/5
Minimum Deposit$1
Foundation Year
2005
Minimum Deposit
$1

58-60% of retail investors lose money when trading CFDs with this broker

RegisterRegister
34
Trading 212
4.3/5
Minimum Deposit$1
Foundation Year
2004
Minimum Deposit
$1

72% of retail investors lose money when trading CFDs with this broker

RegisterRegister
35
XTB
4.2/5
Minimum Deposit$1
Foundation Year
2002
Minimum Deposit
$1

69-80% of retail investors lose money when trading CFDs with this broker

RegisterRegister
36
NPB Markets
4.2/5
Minimum Deposit$10
Foundation Year
2016
Minimum Deposit
$10

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
37
HYCM
4.2/5
Minimum Deposit$100
Foundation Year
1977
Minimum Deposit
$100

71-74% of retail investors lose money when trading CFDs with this broker

RegisterRegister
38
xChief
4.2/5
Minimum Deposit$1
Foundation Year
2014
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
39
InstaForex
4.2/5
Minimum Deposit$1
Foundation Year
2007
Minimum Deposit
$1

71.99% of retail investors lose money when trading CFDs with this broker

RegisterRegister
40
Dukascopy Bank SA
4.2/5
Minimum Deposit$1,000
Foundation Year
2010
Minimum Deposit
$1,000

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
41
FreshForex
4.1/5
Minimum Deposit$25
Foundation Year
2004
Minimum Deposit
$25

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
42
FOREX.com
4.1/5
Minimum Deposit$100
Foundation Year
2001
Minimum Deposit
$100

68-81% of retail investors lose money when trading CFDs with this broker

RegisterRegister
43
IG
4.1/5
Minimum Deposit$1
Foundation Year
1974
Minimum Deposit
$1

68-72% of retail investors lose money when trading CFDs with this broker

RegisterRegister
44
LiteFinance
4.1/5
Minimum Deposit$10
Foundation Year
2005
Minimum Deposit
$10

80% of retail investors lose money when trading CFDs with this broker

RegisterRegister
45
FIBO Group
4.1/5
Minimum Deposit$1
Foundation Year
1998
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
46
LBX
4.1/5
Minimum Deposit$20
Foundation Year
2025
Minimum Deposit
$20

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
47
Trading.com
4.1/5
Minimum Deposit$50
Foundation Year
2018
Minimum Deposit
$50

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
48
FXTM
4.1/5
Minimum Deposit$10
Foundation Year
2011
Minimum Deposit
$10

75% of retail investors lose money when trading CFDs with this broker

RegisterRegister
49
JustMarkets
4.1/5
Minimum Deposit$1
Foundation Year
2012
Minimum Deposit
$1

67.86% of retail investors lose money when trading CFDs with this broker

RegisterRegister
50
DB Investing
4.1/5
Minimum Deposit$50
Foundation Year
2018
Minimum Deposit
$50

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
51
Seacrest Markets
4.1/5
Minimum Deposit$50
Foundation Year
2024
Minimum Deposit
$50

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
52
Grand Capital
4.0/5
Minimum Deposit$10
Foundation Year
2006
Minimum Deposit
$10

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
53
ThinkMarkets
4.0/5
Minimum Deposit$1
Foundation Year
2010
Minimum Deposit
$1

67.99-69.82% of retail investors lose money when trading CFDs with this broker

RegisterRegister
54
Axi
4.0/5
Minimum Deposit$1
Foundation Year
2007
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
55
World Forex
4.0/5
Minimum Deposit$1
Foundation Year
2007
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
56
GMG Markets
4.0/5
Minimum Deposit$100
Foundation Year
2015
Minimum Deposit
$100

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
57
Alpari
3.9/5
Minimum Deposit$30
Foundation Year
1998
Minimum Deposit
$30

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
58
Gerchik & Co
3.9/5
Minimum Deposit$100
Foundation Year
2015
Minimum Deposit
$100

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
59
BDSwiss
3.9/5
Minimum Deposit$10
Foundation Year
2012
Minimum Deposit
$10

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
60
Focus Markets
3.8/5
Minimum Deposit$100
Foundation Year
2019
Minimum Deposit
$100

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
61
eToro
3.8/5
Minimum Deposit$200
Foundation Year
2006
Minimum Deposit
$200

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
62
Dukascopy Europe
3.8/5
Minimum Deposit$100
Foundation Year
2011
Minimum Deposit
$100

71.03% of retail investors lose money when trading CFDs with this broker

RegisterRegister
63
Forex4you
3.8/5
Minimum Deposit$1
Foundation Year
2007
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
64
TeleTrade
3.6/5
Minimum Deposit$1
Foundation Year
2000
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
65
Orbex
3.6/5
Minimum Deposit$100
Foundation Year
2010
Minimum Deposit
$100

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
66
NordFX
3.5/5
Minimum Deposit$10
Foundation Year
2008
Minimum Deposit
$10

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
67
ScoreCM
3.4/5
Minimum Deposit$10
Foundation Year
2024
Minimum Deposit
$10

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
68
XTrade
3.3/5
Minimum Deposit$250
Foundation Year
2003
Minimum Deposit
$250

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
69
FXGlory
3.2/5
Minimum Deposit$1
Foundation Year
2011
Minimum Deposit
$1

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister
70
MTrading
3.1/5
Minimum Deposit$10
Foundation Year
2012
Minimum Deposit
$10

Trading CFDs carries high risks. You may lose all invested funds

RegisterRegister

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.

Criterion

What to Check

Why It Matters

Regulation

Licence number and regulator (CySEC, ASIC, FCA, DFSA, etc.)

Fund protection and compensation schemes

Reputation & Track Record

Year founded, industry reviews, trader feedback

Lowers operational and legal risk

Trading Conditions

Spreads/commissions, execution model, speed & slippage

Direct impact on net returns

Leverage

Maximum available and how it scales with risk profile

Balance between profit potential and loss risk

Platforms & Tools

MT4/MT5, mobile apps, copy-trading, analytics

Convenience and advanced features

Funding & Withdrawal Methods

Cards, bank transfers, e-wallets, cryptocurrencies

Speed and cost of transactions

Customer Support

24/5 or 24/7, languages, local phone/chat

Fast 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 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.