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List of all Forex Brokers 2024

Last updated Oct 8, 2024
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

Below is the Forex brokers directory for 2024. For more information, select a category or broker from the list.

Broker categories: open
1
IC Markets Logo
4.7/5
IC Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
2
Pepperstone Logo
4.6/5
Pepperstone review
Register81.7% of retail investors lose money when trading CFDs with this broker
3
AvaTrade Logo
4.5/5
AvaTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
4
Vantage Logo
4.5/5
Vantage review
RegisterTrading CFDs carries high risks. You may lose all invested funds
5
Tickmill Logo
4.5/5
Tickmill review
RegisterTrading CFDs carries high risks. You may lose all invested funds
6
Roboforex Logo
4.4/5
Roboforex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
7
FxPro Logo
4.4/5
FxPro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
8
CMC Markets Logo
4.4/5
CMC Markets review
Register69% of retail investors lose money when trading CFDs with this broker
9
AMarkets Logo
4.4/5
AMarkets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
10
Ultima Markets Logo
4.4/5
Ultima Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
11
Deriv Logo
4.3/5
Deriv review
RegisterTrading CFDs carries high risks. You may lose all invested funds
12
Admirals Logo
4.3/5
Admirals review
RegisterTrading CFDs carries high risks. You may lose all invested funds
13
ActivTrades Logo
4.3/5
ActivTrades review
Register81% of retail investors lose money when trading CFDs with this broker
14
Oanda Logo
4.3/5
Oanda review
Register71-76.6% of retail investors lose money when trading CFDs with this broker
15
FXCM Logo
4.3/5
FXCM review
Register67-72% of retail investors lose money when trading CFDs with this broker
16
FXOpen Logo
4.3/5
FXOpen review
Register58-60% of retail investors lose money when trading CFDs with this broker
17
HF Markets Logo
4.3/5
HF Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
18
IFC Markets Logo
4.3/5
IFC Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
19
FBS Logo
4.3/5
FBS review
RegisterTrading CFDs carries high risks. You may lose all invested funds
20
Exness Logo
4.3/5
Exness review
RegisterTrading CFDs carries high risks. You may lose all invested funds
21
Libertex Logo
4.2/5
Libertex review
Register74.91% of retail investors lose money when trading CFDs with this broker
22
XM Logo
4.2/5
XM review
RegisterTrading CFDs carries high risks. You may lose all invested funds
23
InstaForex Logo
4.2/5
InstaForex review
Register71.99% of retail investors lose money when trading CFDs with this broker
24
Dukascopy Bank SA Logo
4.2/5
Dukascopy Bank SA review
RegisterTrading CFDs carries high risks. You may lose all invested funds
25
Fibo Group Logo
4.1/5
Fibo Group review
RegisterTrading CFDs carries high risks. You may lose all invested funds
26
FOREX.com Logo
4.1/5
FOREX.com review
Register68-81% of retail investors lose money when trading CFDs with this broker
27
IG Logo
4.1/5
IG review
Register68-72% of retail investors lose money when trading CFDs with this broker
28
LiteFinance Logo
4.1/5
LiteFinance review
Register80% of retail investors lose money when trading CFDs with this broker
29
FXTM Logo
4.1/5
FXTM review
Register75% of retail investors lose money when trading CFDs with this broker
30
Trading.com Logo
4.1/5
Trading.com review
RegisterTrading CFDs carries high risks. You may lose all invested funds
31
Alpari Logo
4.1/5
Alpari review
RegisterTrading CFDs carries high risks. You may lose all invested funds
32
xChief Logo
4.1/5
xChief review
RegisterTrading CFDs carries high risks. You may lose all invested funds
33
JustMarkets Logo
4.1/5
JustMarkets review
Register67.86% of retail investors lose money when trading CFDs with this broker
34
NPBFX Logo
4/5
NPBFX review
RegisterTrading CFDs carries high risks. You may lose all invested funds
35
Grand Capital Logo
4/5
Grand Capital review
RegisterTrading CFDs carries high risks. You may lose all invested funds
36
ThinkMarkets Logo
4/5
ThinkMarkets review
Register67.99-69.82% of retail investors lose money when trading CFDs with this broker
37
Axi Logo
4/5
Axi review
RegisterTrading CFDs carries high risks. You may lose all invested funds
38
WorldForex Logo
4/5
WorldForex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
39
Gerchik & Co Logo
3.9/5
Gerchik & Co review
RegisterTrading CFDs carries high risks. You may lose all invested funds
40
BDSwiss Logo
3.9/5
BDSwiss review
RegisterTrading CFDs carries high risks. You may lose all invested funds
41
HYCM Logo
3.9/5
HYCM review
Register71-74% of retail investors lose money when trading CFDs with this broker
42
eToro Logo
3.8/5
eToro review
RegisterTrading CFDs carries high risks. You may lose all invested funds
43
FreshForex Logo
3.8/5
FreshForex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
44
Dukascopy Europe Logo
3.8/5
Dukascopy Europe review
Register71.03% of retail investors lose money when trading CFDs with this broker
45
TeleTrade Logo
3.8/5
TeleTrade review
Register63.37% of retail investors lose money when trading CFDs with this broker
46
Forex4you Logo
3.8/5
Forex4you review
RegisterTrading CFDs carries high risks. You may lose all invested funds
47
BCS Markets Logo
3.8/5
BCS Markets review
RegisterTrading CFDs carries high risks. You may lose all invested funds
48
XTB Logo
3.7/5
XTB review
RegisterTrading CFDs carries high risks. You may lose all invested funds
49
Plus500 Logo
3.6/5
Plus500 review
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.
50
Orbex Logo
3.6/5
Orbex review
RegisterTrading CFDs carries high risks. You may lose all invested funds
51
NordFX Logo
3.5/5
NordFX review
RegisterTrading CFDs carries high risks. You may lose all invested funds
52
XTrade Logo
3.3/5
XTrade review
RegisterTrading CFDs carries high risks. You may lose all invested funds
53
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.

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.

How to choose a broker for trading?

When choosing a broker for trading, consider the following criteria:

  1. Regulation and licenses.
  2. Trading conditions (spreads, commissions, order execution speed).
  3. Available trading platforms.
  4. Customer support.
  5. Reviews and reputation.
  6. Additional services (educational materials, analytics, bonuses). Before opening an account, it is also useful to test the demo account of the selected broker.

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.