Forex Brokers
Here is a selection of the best forex brokers available, featuring competitive inter-bank-grade spreads, wide product ranges, and award-winning software.
When looking at the available forex brokerages, there are several obvious categories of companies that should be looked at the best in their class.
The top picks here are personal in nature, without mathematical yardsticks to compare the brokerages with.
However, these companies have proved themselves with their performance and forex trading execution over the years, making them tried and trusted sources of quality forex brokerage services.
Preferred Forex Brokers
ZuluTrade
ZuluTrade offers a range of third-party signal providers executed automatically on your account. All systems have verified track records. You choose the systems you want to trade and let ZuluTrade do the rest! Click here for a free demo account
Easy-Forex:
| Company:
| Easy-Forex
|
| On-line since:
| 2001
|
| Regulation:
| Registered with NFA (ID #0358754).
|
| Payment options:
| Credit cards, PayPal
|
| Minimum account size:
| $50
|
| Minimum lot size:
| 0.025 lot
|
| Leverage:
| 1:100
|
| Spreads:
| 7/5/4/3 pips on EUR/USD
|
| Categories:
| Forex brokers with web platform, PayPal Forex brokers
|
Advantages:
- No need to download trading software
- Ability to "freeze" current rates for a few seconds
Disadvantages:
- No MetaTrader 4 software support
- Java based trading platform
- High spreads
Click here to open an account with Easy-Forex
eToro:
| Company:
| eToro Inc.
|
| On-line since:
| 2007
|
| Regulation:
| Unregulated
|
| Payment options:
| Bank wire, credit cards and PayPal
|
| Minimum account size:
| $50
|
| Minimum lot size:
| 0.1 lot
|
| Leverage:
| 1:100, 1:200 and 1:400
|
| Spreads:
| 2 pips on EUR/USD
|
| Categories:
| PayPal Forex brokers
|
Advantages:
- Newbie friendly platform
- Innovative approach to Forex
- Great user support
Disadvantages:
- No MetaTrader 4 software support
- Limited platform - no charts and indicators
- Novice-orientated platform
Click here to open an account with eToro
Ava FX:
| Company:
| Ava FX
|
| On-line since:
| 2006
|
| Regulation:
| Unregulated
|
| Payment options:
| e-gold, PayPal, Western Union, WebMoney, credit cards and bank wire
|
| Minimum account size:
| $100
|
| Minimum lot size:
| 0.1 lot
|
| Leverage:
| 1:200
|
| Spreads:
| 3 pips on EUR/USD
|
| Categories:
| e-gold Forex brokers, WebMoney Forex brokers, PayPal Forex brokers
|
Advantages:
- Variety of billing options available
Disadvantages:
- No Metatrader 4 software support
Click here to open an account with Ava FX
OANDA:
| Company:
| OANDA
|
| On-line since:
| 2001
|
| Regulation:
| Registerd with Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA ID #0325821).
|
| Payment options:
| Bank transfer, checks, PayPal
|
| Minimum account size:
| $1
|
| Minimum lot size:
| 0.001 lot
|
| Leverage:
| 1:50
|
| Spreads:
| Variable, usually 2-2.5 pips on EUR/USD
|
| Categories:
| Forex brokers with web platform, PayPal Forex brokers
|
Advantages:
- No need to download trading software
- Variable spreads which can be very low
- No limit on trade size
Disadvantages:
- No MetaTrader 4 software support
- Java based trading platform
- Spreads can jump up unexpectedly
Click here to open an account with OANDA
GFT Forex:
| Company:
| Global Futures & Forex, Ltd.
|
| On-line since:
| 2001
|
| Regulation:
| Registered with the Commodity Futures Trading Commission, is also a member of the Australian Securities and Investments Commission (ASIC), an independent Australian government body that regulates financial markets, securities, futures and corporations since January 1991.
|
| Payment options:
| Credit cards, eCheck, PayPal, bank wire and paper checks
|
| Minimum account size:
| $250
|
| Minimum lot size:
| 0.1 lot
|
| Leverage:
| from 1:100 to 1:400
|
| Spreads:
| Variable (3 pips average) on EUR/USD
|
| Categories:
| Forex brokers with advanced platform, Institutional Forex brokers, PayPal Forex brokers
|
Advantages:
- Unique trading software
- Ability to trade with really huge amounts of money
- Free Forex training
- More than 60 currency pairs
- Leverage up to 1:400
Disadvantages:
- Variable spreads can be quite high
- Opening an account is a complicated process
Click here to open an account with GFT Forex
FX Solutions:
| Company:
| FX Solutions, LLC
|
| On-line since:
| 2001
|
| Regulation:
| Registered with the Commodity Futures Trading Commission as a Futures Commission Merchant and is a member of the National Futures Association (NFA), ID# 0312620.
|
| Payment options:
| Credit cards, PayPal, on-line check, paper checks and bank wire
|
| Minimum account size:
| $250
|
| Minimum lot size:
| 0.1 lot
|
| Leverage:
| from 1:100 to 1:400
|
| Spreads:
| 3 pips on EUR/USD
|
| Reviews:
| Read or write a review on FX Solutions broker
|
| Categories:
| Forex brokers with advanced platform, PayPal Forex brokers
|
Advantages:
- Advanced charting software
- No commissions
Disadvantages:
- No MetaTrader4 software support
- Opening an account is a complicated process
Click here to open an account with FX Solutions
CMS Forex:
| Company:
| Capital Market Services, LLC
|
| On-line since:
| 1999
|
| Regulation:
| Registered Futures Commission Merchant (FCM) and a Forex Dealer Member (FDM) of the National Futures Association (NFA) (Member ID: 0313199), registered with the Commodity Futures Trading Commission (CFTC) of U.S. and the Financial Services Agency (FSA) of Japan.
|
| Payment options:
| Bank wire, BPS, credit cards, PayPal, on-line check and paper checks
|
| Minimum account size:
| $200
|
| Minimum lot size:
| 0.1 lot
|
| Leverage:
| from 1:40 to 1:400
|
| Spreads:
| 3 pips on EUR/USD
|
| Categories:
| Institutional Forex brokers, PayPal Forex brokers
|
Advantages:
Disadvantages:
- No MetaTrader4 software support
Click here to open an account with CMS Forex
Finotec:
| Company:
| Finotec Group Inc.
|
| On-line since:
| 2005
|
| Regulation:
| Unregulated
|
| Payment options:
| Bank wire, PayPal and credit cards
|
| Minimum account size:
| $200
|
| Minimum lot size:
| 0.1 lot
|
| Leverage:
| up to 1:200
|
| Spreads:
| 3 pips on EUR/USD
|
| Categories:
| Forex brokers with CFD trading, PayPal Forex brokers
|
Advantages:
- Easy-to-use trading platform for mini Forex accounts
- Options trading available
Disadvantages:
- No MetaTrader 4 software support
- High account size requirement to use Finotec Trading Platform
Click here to open an account with Finotec
Western Capital Forex:
| Company:
| Western Capital Forex S.A.
|
| On-line since:
| 2005
|
| Regulation:
| Registered with OAR-G - a Swiss self regulated financial organization.
|
| Payment options:
| Bank wire and PayPal
|
| Minimum account size:
| $5,000
|
| Minimum lot size:
| 1 lot
|
| Leverage:
| from 1:1 to 1:200
|
| Spreads:
| 2 pips on EUR/USD
|
| Categories:
| Metatrader Forex brokers, Forex brokers with CFD trading, PayPal Forex brokers
|
Advantages:
- MetaTrader 4 Forex broker
Disadvantages:
- No mini Forex accounts available
- Opening an account is a complicated process
Click here to open an account with Western Capital Forex
MGFOREX:
| Company:
| MG Financial Group
|
| On-line since:
| 2000
|
| Regulation:
| Registered as a Futures Commission Merchant with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA ID #0308808).
|
| Payment options:
| Credit cards, PayPal, wire transfer and checks
|
| Minimum account size:
| $200
|
| Minimum lot size:
| 0.1 lot
|
| Leverage:
| up to 1:400
|
| Spreads:
| 3 pips on EUR/USD
|
| Categories:
| Muslim Forex brokers, PayPal Forex brokers
|
Advantages:
- Muslim friendly Forex broker (fees instead of overnight interest)
- Regular Forex trading contests
Disadvantages:
- No Metatrader 4 software support
- Limited trading freedom
Click here to open an account with MGFOREX
FXDD:
| Company:
| FXDD
|
| On-line since:
| 2002
|
| Regulation:
| Unregulated
|
| Payment options:
| Bank wire, check, PayPal and BPS
|
| Minimum account size:
| $500
|
| Minimum lot size:
| 0.1 lot
|
| Leverage:
| 1:100 and 1:200
|
| Spreads:
| 2 pips on EUR/USD
|
| Categories:
| Metatrader Forex brokers, PayPal Forex brokers
|
Advantages:
- Metatrader Forex broker
- Two custom platforms are also available
Disadvantages:
- No important disadvantages
Click here to open an account with FXDD
HY Markets:
| Company:
| HY Markets
|
| On-line since:
| 2007
|
| Regulation:
| Authorized and regulated by FSA (United Kingdom)
|
| Payment options:
| Bank wire, credit cards and PayPal
|
| Minimum account size:
| $50
|
| Minimum lot size:
| 0.02 lot
|
| Leverage:
| 1:200
|
| Spreads:
| 3-7 pips on EUR/USD
|
| Categories:
| Forex brokers with web platform, PayPal Forex brokers
|
Advantages:
- Web based trading platform available
- Freeze rate function
- No slippage
- Real-time news
Disadvantages:
- MetaTrader 4 software available only to VIP clients
Click here to open an account with HY Markets
GCI Financial:
Advantages:
- Indexes and CFD trading available
- Muslim-friendly Forex broker
Disadvantages:
- No MetaTrader 4 software support
Click here to open an account with GCI Financial
FxPro:
| Company:
| EuroOrient Securities and Financial Services Ltd.
|
| On-line since:
| 2008
|
| Regulation:
| Regulated by the Cyprus Securities and Exchange Commission (license #078/07).
|
| Payment options:
| Wire transfer, credit cards and PayPal
|
| Minimum account size:
| $100
|
| Minimum lot size:
| 0.1 lot
|
| Leverage:
| from 1:1 to 1:500
|
| Spreads:
| 1.8 pips on EUR/USD
|
| Categories:
| Metatrader Forex brokers, Forex brokers with CFD trading, PayPal Forex brokers
|
Advantages:
- MetaTrader 4 trading platform
- Really tight spreads
Disadvantages:
- No important disadvantages
Click here to open an account with FxPro
GFS Forex & Futures:
| Company:
| GFS Forex & Futures, Inc.
|
| On-line since:
| 2006
|
| Regulation:
| Registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA ID: 0316995).
|
| Payment options:
| Wire transfer, check and PayPal
|
| Minimum account size:
| $500
|
| Minimum lot size:
| 0.1 lot
|
| Leverage:
| 1:100 and 1:200
|
| Spreads:
| 3 pips on EUR/USD
|
| Categories:
| PayPal Forex brokers
|
Advantages:
Disadvantages:
- No MetaTrader 4 support
- Opening a trading account is a complicated process
Click here to open an account with GFS Forex & Futures
Forex Broker List
Forex ECN Style Brokers - No Dealing Desk
No Dealing Desk Brokers
Forex Market Makers
Forex MetaTrader Platforms
Note: These listings are provided for your convenience and do not represent an endorsement of any particular broker. Please do your due diligence before opening an account with any broker.
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