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 |
IC MarketsSince 2007 |
Australia
(Oceania)
|
|
1:500 | $200 |
Check Back Soon! |
Full Review | |
2 |
TickmillSince 2014 |
United Kingdom
(Europe)
|
|
1:500 | $25 | Full Review | ||
3 |
AlpariSince 1998 |
Russian Federation
(Asia)
|
|
1:3000 | $20 | Full Review | ||
4 |
RoboForexSince 2012 |
Belize
(North America)
|
|
1:2000 | $10 | Full Review | ||
5 |
XMSince 2009 |
Cyprus
(Europe)
|
|
1:1000 | $5 | Full Review | ||
6 |
Advanced MarketsSince 2006 |
Bermuda
(North America)
|
|
1:100 | $2500 |
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||
7 |
ACY SecuritiesSince 2011 |
Australia
(Oceania)
|
|
1:30 (ASIC), 1:500 (VFSC) | $50 |
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||
8 |
IV MarketsSince 2019 |
China
(Asia)
|
|
1:500 | $50 | |||
9 |
HFM BrokerSince 2010 |
Cyprus
(Europe)
|
|
1:1000 | $5 | |||
10 |
LibertexSince 1997 |
Cyprus
(Europe)
|
|
1:30 | $100 | |||
11 |
FxProSince 2006 |
United Kingdom
(Europe)
|
|
1:200 | $100 |
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||
12 |
DukascopySince 1998 |
Switzerland
(Europe)
|
|
1:200 | $1000 |
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||
13 |
HYCMSince 1977 |
United Kingdom
(Europe)
|
|
1:400 | $100 |
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||
14 |
AMarketsSince 2007 |
Saint Vincent and the Grenadines
(North America)
|
|
1:1000 | $100 | |||
15 |
FiboGroupSince 1998 |
Austria
(Europe)
|
|
1:500 | No minimum deposit! |
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||
16 |
FxGlorySince 2012 |
Georgia
(Asia)
|
|
1:3000 | $1 |
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||
17 |
InstaForexSince 2007 |
Russian Federation
(Asia)
|
|
1:1000 | $1 | Full Review | ||
18 |
FXOpenSince 2005 |
New Zealand
(Oceania)
|
|
1:500 | $1 | |||
19 |
FX ChoiceSince 2010 |
Belize
(North America)
|
|
1:200 | $100 | |||
20 |
IronFXSince 2010 |
Cyprus
(Europe)
|
|
1:1000 | $50 | |||
21 |
GrandCapitalSince 2006 |
Seychelles
(Africa)
|
|
1:2000 | $10 | |||
22 |
FBSSince 2009 |
Belize
(North America)
|
|
Maximum leverage value is unclear! | $1 | |||
23 |
ForexTimeSince 2011 |
Cyprus
(Europe)
|
|
1:1000 | $5 | |||
24 |
eToroSince 2007 |
Cyprus
(Europe)
|
|
Maximum leverage value is unclear! | $50 | |||
25 |
DarwinexSince 2012 |
United Kingdom
(Europe)
|
|
1:200 | $500 |
Check Back Soon! |
||
26 |
BlackBull MarketsSince 2014 |
New Zealand
(Oceania)
|
|
1:500 | No minimum deposit! |
Check Back Soon! |
||
27 |
ProfiForexSince 2010 |
Belize
(North America)
|
|
1:500 | $5 |