A Forex broker is a mediator between the Forex trader and the market. It's impossible to trade foreign currency with no Forex brokerage. Many brokerages exist to offer their services in the market with different quality. A good broker provides a trading platform, accepts deposits and processes withdrawals, provides leverage, and promptly executes trading orders, it may also offer educational, bonuses, trade copying, and other resources and tools.
The best Forex broker is hard to be met among hundreds of online currency trading companies. The following aspects should be considered carefully to evaluate a Forex brokerage:
To help you answer these questions, you can find the top best reputated online Forex brokers in the list below prepared by MyFxBots Team:
# | Forex Broker | Headquarter | Regulations | Maximum Leverage | Minimum Deposit | Bonuses | Accounts | Links |
---|---|---|---|---|---|---|---|---|
1 |
Australia
(Oceania)
|
|
1:500 | $200 |
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Full Review | ||
2 |
United Kingdom
(Europe)
|
|
1:500 | $25 | Full Review | |||
3 |
Russian Federation
(Asia)
|
|
1:3000 | $20 | Full Review | |||
4 |
Belize
(North America)
|
|
1:2000 | $10 | Full Review | |||
5 |
Cyprus
(Europe)
|
|
1:1000 | $5 | Full Review | |||
6 |
Bermuda
(North America)
|
|
1:100 | $2500 |
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|||
7 |
Australia
(Oceania)
|
|
1:30 (ASIC), 1:500 (VFSC) | $50 |
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|||
8 |
China
(Asia)
|
|
1:500 | $50 | ||||
9 |
Cyprus
(Europe)
|
|
1:1000 | $5 | ||||
10 |
Cyprus
(Europe)
|
|
1:30 | $100 | ||||
11 |
United Kingdom
(Europe)
|
|
1:200 | $100 |
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|||
12 |
Switzerland
(Europe)
|
|
1:200 | $1000 |
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|||
13 |
United Kingdom
(Europe)
|
|
1:400 | $100 |
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|||
14 |
Saint Vincent and the Grenadines
(North America)
|
|
1:1000 | $100 | ||||
15 |
Australia
(Oceania)
|
|
1:500 | No minimum deposit! |
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|||
16 |
Austria
(Europe)
|
|
1:500 | No minimum deposit! |
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|||
17 |
Georgia
(Asia)
|
|
1:3000 | $1 |
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|||
18 |
Russian Federation
(Asia)
|
|
1:1000 | $1 | Full Review | |||
19 |
New Zealand
(Oceania)
|
|
1:500 | $1 | ||||
20 |
Belize
(North America)
|
|
1:200 | $100 | ||||
21 |
Cyprus
(Europe)
|
|
1:1000 | $50 | ||||
22 |
Seychelles
(Africa)
|
|
1:2000 | $10 | ||||
23 |
Belize
(North America)
|
|
Maximum leverage value is unclear! | $1 | ||||
24 |
Cyprus
(Europe)
|
|
1:1000 | $5 | ||||
25 |
Cyprus
(Europe)
|
|
Maximum leverage value is unclear! | $50 | ||||
26 |
United Kingdom
(Europe)
|
|
1:200 | $500 |
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|||
27 |
New Zealand
(Oceania)
|
|
1:500 | No minimum deposit! |
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|||
28 |
Belize
(North America)
|
|
1:500 | $5 |
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Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.