10 Best Forex Brokers in 2023 for Secure & Fastest Trading

Get to know the top Forex Brokers of the biggest financial markets along with their features, pros, cons, trading platforms and other necessary details:

The foreign exchange (forex) market is the largest and most liquid market in the world, with more than $5 trillion traded daily. You can trade in this market from anywhere in the world, 24 hours a day, five days a week.

But to trade forex, you need a forex broker. Forex broker is a firm that provides currency traders with access to a trading platform that allows them to buy and sell foreign currencies. While there are many forex brokers available, not all of them are created equal.

For choosing the best forex broker, there are a few things you need to consider.

First, you need to make sure you are looking for regulated forex brokers. Second, you need to check what type of account the broker offers. And third, you need to compare the fees and features of different brokers to find the best one for you. But it might be challenging to know where to begin with so many brokers to select from.

Forex Brokers – Review

Best Forex Brokers

We have summarized the best forex brokers, looking at FX pairs, pricing, maximum leverage, and trading platforms, among other features. Our market trends will also provide you with quick insights into the whole forex market while the comparison table is there to help you make quick decisions.

Market Trends: According to the Traders Union forex trading industry statistics, the forex market is the biggest financial market in the world and is worth about $2.4 quadrillion. It is the only financial market in the world to operate 24 hours a day with $6.6 trillion on average traded daily.

Five major financial centers around the world allow for the most forex trading, with 79% of it taking place in the United Kingdom, the United States, Hong Kong, Singapore, and Japan. With 43.1% of global foreign exchange transactions, the UK is by far the biggest FX trading hub.

While 7 currency pairs make up 68% of the forex markets’ trading volume, the U.S. dollar (USD) is the most traded currency and features about 88% of all forex trades. (Refer to the image below).

Forex Market Turnover

According to statistics, daily forex trading surged from 1.2 trillion in 2001 to 6.6 trillion in 2019. (See the breakdown below)

Forex Market Increase

[image source]

MT4 is the most popular trading platform, with 85% of traders using it. 6% of traders use the second-placed platform, MT5. 85% of traders using trading platforms compatible with Windows indicates that forex traders favor Windows over other computer software.

Men account for 89.1% of retail forex investors, with women making up the remaining 10.9%. The average age of a forex trader is 43.1 years old, and 43.5% of traders are between the ages of 34 and 45.

Worldwide, there are about 13.9 million online traders. 4.6 million of those 13.9 million people are from Asia, 1.6 million are from North America, and 3.1 million are from Europe. Africa has 2 million traders, the Middle East has almost a million, and South America has about 760,000. There are around 450,000 dealers in Central America and 410,000 in Oceania.

I.C. Markets, an Australian forex broker, is one of the biggest in the world, with an average daily trading volume of $18.9 billion. (See below)

Largest Global Forex Brokers

Expert Advice: Here are 5 facts about Forex Trading to help you win:

  1. Have a Trading System: You ought to have the ability to choose when to enter and leave the market. Create a trading strategy that will enable you to recognize market signals.
  2. Use Risk Management: Use a risk management strategy that limits the amount of risk you take on when making a single trade and when you start many positions.
  3. Control your Emotions: Never trade under the influence of emotion, and refrain from entering additional deals right after a loss. Every day, give yourself restrictions and adhere to them.
  4. Continuously Test your Strategy: Make sure your approach meets the correct mathematical parameters for risk and reward by back-testing it on a practice account.
  5. Minimize your Losses: Never forget that as soon as you fund your account, your money is at risk. As long as you manage your risk, mentally get used to accepting minor losses.

Frequently Asked Questions

Q #1) Which forex broker is best?

Answer: While the best forex broker should be able to meet your needs as a person, our top picks include FOREX.com (best overall), OANDA (best for U.S. clients), and IG (cutting-edge resources).

Q #2) What is the best forex broker for beginners?

Answer: Our top three beginner-friendly forex brokers are IG and CMC Markets for having balanced resources and Pepperstone for a reasonable selection of affordable offerings, a variety of user interface options, and ease of use.

Q #3) Who is the biggest forex broker?

Answer: IC Markets is the biggest forex broker in the world by volume. It has an average daily trading volume of $18.9 billion.

Q #4) How do I know if a forex broker is trusted?

Answer: Find the registration number from the disclosure text at the bottom of the broker’s homepage to start your verification of your forex broker’s regulatory status. Next, confirm the registration number by searching for the company on the regulator’s website. This page from ForexBrokers could be useful.

Q #5) Which forex broker is the best in the USA?

Answer: Here are our top three best forex brokers in the USA.

  1. FOREX.com: It is best for traders with all levels of trading expertise seeking narrow spreads, superior execution, and potent trading tools.
  2. IG: It is best for US-based traders seeking a dependable broker with cutting-edge resources, in-depth market analysis, and access to almost all worldwide markets.
  3. OANDA: It is one of the best forex brokers accepting US clients. It holds regulatory status in the United States and has a strong regulatory history.

Q #6) Who controls the forex market?

Answer: It is decentralized such that it is not under the control of a single entity, such as a government or an international organization. Governments (often through their central banks) and commercial banks are the two main players in the market.

International travellers and businesses, including manufacturers, exporters, and importers, are also involved in the sector.

Q #7) How do I choose a forex broker?

Answer: Initially, confirm that your broker is duly licensed and regulated. Your deposit’s security is always put first.

Compare each broker’s account offerings, trading platforms, resources, and investing research after that.

To determine what is most crucial for your forex trading and investing needs, read thorough evaluations of several forex brokers to compare pricing and product offerings (such as the number of FX pairs and CFDs available for trading).

Q #8) How do I know if the forex broker is regulated?

Answer: Every forex broker who has been granted a license and given permission to work by their regulatory body is given a special ID number. You should be able to quickly identify the ID number of a regulated broker because they are obligated to prominently post their regulatory information on their website (usually at the bottom of every page).

Instead of merely accepting it at face value, verify this ID number on the official regulatory agency’s website. Investors can verify the legitimacy of a forex broker’s license by visiting any regulatory body’s official website or database. We might use a fast search on the internet for verification.

If the broker is listed, make sure the contact information is accurate and matches what is on the business website.

=>> Contact us to suggest a listing here.

List of the Best Forex Brokers

Here is the list of some reliable brokers for Forex Market:

  1. FOREX.com
  2. OANDA
  3. IG
  4. Saxo Bank
  5. InteractiveBrokers
  6. CMC Markets
  7. XTB
  8. Pepperstone
  9. eToro
  10. TD Ameritrade

Comparison Table of Some Top Forex Brokers

BrokerBest ForMinimum DepositFX PairsMaximum LeveragePricing
FOREX.com Traders with all levels of trading expertise seeking narrow spreads, superior execution, and potent trading tools.$100.0080+50:1Spread only, spread + fixed commission, or STP Pro
OANDA US resident retail investorsNone70+200:1Spread-only and Commission + core spread
IGUS-based traders seek a dependable broker with cutting-edge resources, in-depth market analysis, and access to almost all worldwide markets.$300 for card payment80+50:1Spreads and commissions
Saxo BankAdvanced tradersEUR 2,000190+1:50 (margin as low as 2%)Spreads and commissions
InteractiveBrokers Skilled investors and aggressive traders who need access to global markets.$0.00 broker accounts for USD 10,000100+50:1Spreads and commissions
CMC MarketsAdvanced trading technology and a range of offeringsNo minimum330+30:1Spreads and commissions

Detailed reviews:

#1) FOREX.com

Best for traders with all levels of trading expertise seeking narrow spreads, superior execution, and potent trading tools.


FOREX.com is a regulated forex broker that offers traders with CFDs and forex a first-rate trading environment. FOREX.com is the greatest forex broker for both beginning and experienced traders, offering a wide variety of tradable currencies, cheap account minimums, and an outstanding trading platform.

Customers can choose from a variety of trading accounts depending on what best matches their trading style: standard, commission, MetaTrader 4, or the broker’s STP Pro account, where prices are obtained directly from international banks and other sources without any additional markup.

Note that depending on your region and which of its regulated organizations owns your account, FOREX.com may offer you different products and services.

FOREX.com also offers strong trading platforms with a wide range of resources. The broker provides benefits to active traders, including lower trading fees, waived bank fees, qualified advice, and VIP access for high-volume currency traders.

Minimum Deposit: $100.00

Withdrawal fee: No fee except for wire withdrawals ($25 charged within the US, $40 for international wires, and no fees for withdrawals greater than $10,000)

FX Pairs: 80+ and gold & silver
Maximum Leverage: 50:1
Education & Research: Education for different skill levels, latest market analysis

Trading Platforms:

  • Web trading
  • Mobile Trading
  • MetaTrader 4 (MT4 Web, MT4 Mobile, MT4 EAs, MT4 VPS Hosting)

Other Features:

  • Advanced charts by TradingView
  • Advanced charting tools
  • Currency converter
  • FX trade signals
  • Available demo account


  • Fee-free wire transfers
  • Up to 1% APY interest on average daily available margin
  • Advanced trader tools
  • Maximum value and dependability
  • Superior transaction executions
  • Support and professional direction
  • Stability and financial strength
  • Effective regulatory structure


  • You can’t trade stocks and bonds
  • MT5 platform is unavailable in the US
  • Limited video content in the education category

Verdict: As a division of StoneX (NASDAQ: SNEX), FOREX.com is rated as the top forex broker overall. It is a reputable forex broker that excels because of its wide range of products, good platform options, trading tools, and choice of in-house and outside market research.

It is one of the best forex brokers that’s perfect for traders of all levels of experience. However, keep in mind that this is not your typical broker.

Pricing: Spread only, spread + fixed commission, or STP Pro.

Website: FOREX.com


Best for US resident retail investors.


OANDA is regarded as low-risk, not listed on a stock exchange, and doesn’t run a bank, but it stands out for its reputation and high-caliber market research. Depending on which of OANDA’s businesses is in charge of your account’s regulation, the selection of available markets may differ slightly.

The ask spreads at OANDA are most equivalent to those at FOREX.com and FxPro. Lower spreads are included in its base pricing, but there is also a $5 per-side commission for every $100,000 worth of currency.

OANDA provides two suites of trading platforms: the well-known MetaTrader 4 (MT4) platform and the fxTrade web and desktop trading platform. There is also MetaTrader 5. The TradingView-powered charts on the fxTrade platform include more than 80 indicators, among other features.

Minimum Deposit: No minimum deposit amount

Withdrawal fee: No fee for withdrawal by credit or debit card. $20 per transaction for withdrawal by bank wire transfer

FX Pairs: 70 +
Maximum Leverage: 200:1

Trading Platforms:

  • MT5 web, desktop, and mobile
  • MT4 web, desktop, and mobile
  • fxTrade mobile app

Education & Research: Written educational material plus a myriad range of research for forex traders.

Other Features:

  • Currency converter
  • Demo account
  • Technical Analysis Tools
  • MT4 & MT5 premium tools
  • VPS partners
  • Access to 81 CFD instruments


  • Fully customizable MetaTrader 4&5 platforms
  • Fully automated trading platforms
  • Great currency data and analytics
  • Useful trading tools
  • Top-notch daily analysis updates and market research in their Market Pulse hub
  • Straightforward mobile app
  • One-click trading
  • Intuitive trading interface


  • fxTrade platform could be better
  • Below average pricing

Verdict: One of the best forex brokers accepting US clients is OANDA. It holds regulatory status in the United States and has a strong regulatory history. Despite having a limited selection of tradeable assets, the broker is perfect for both novice and seasoned investors.

OANDA allows traders to trade as little as 1 unit of currency while trading forex, in contrast to the majority of brokers.

Pricing: Spread-only and Commission + core spread

Website: OANDA

#3) IG

Best for U.S.-based traders seeking a dependable broker with cutting-edge resources, in-depth market analysis, and access to almost all worldwide markets.


With over 80 currency pairs supported and full access to the forex market available, IG is a complete forex broker with superior trading and research tools, industry-leading education, a straightforward website, and a wide selection of tradeable markets.

IG forex broker is the best deal for U.S. clients who are interested to trade the foreign exchange markets. It allows spread-only pricing from as low as 0.8 pips with up to 20% lower spreads on EUR/USD.

The IG mobile app rivals the best in the business and is jam-packed with useful features that will appeal to both novice and experienced traders. Although the program has extensive functionality, it is simple to use and quick to switch between market research and trading signals.

To trade shares, IG provides MetaTrader4 (MT4) and L2 Dealer platforms, which support Forex Direct and Direct Market Access (DMA). Along with the L2 Dealer DMA platform and the well-known MetaTrader 4 platform, IG also provides the ProRealTime charting software platform.

Advanced charting features are available by default on the IG platform, including the option to set up to four alerts for each of the 11 supporting indicators.

Minimum Deposit: $300 for card payment, no minimum for bank transfers, no minimum to open an account
Withdrawal fee: No fees
FX Pairs: 80 +
Maximum Leverage: 50:1

Trading Platforms:

  • Online platforms
  • Trading apps (Android & iOS)
  • MetaTrader 4
  • ProRealTime
  • L2 Dealer

Education & Research: Superior educational tools plus timely and informative research

Other Features:

  • Automated trading
  • Demo account
  • Enhanced charts


  • Beginner friendly
  • A myriad of offerings
  • Robust education and research material
  • Low-risk for forex and CFDs trading
  • Easy-to-navigate platform
  • Excellent trading platforms and tools
  • Straightforward mobile app
  • Best for the offering of investments


  • MT4 offers only 76 tradeable instruments
  • U.S. traders can only trade forex
  • Non-stop loss orders for US clients

Verdict: When it comes to providing a rich experience and a variety of possibilities for investing in the financial markets, IG goes above and beyond as an online broker. Trading expenses, platforms, user-friendliness, education, mobile apps, research, a variety of markets, and trading instruments all contribute to its success.

Pricing: Spreads and commissions

Website: IG

#4) Saxo Bank

Best for advanced traders.


Leading forex broker Saxo Bank offers CFD trading, FX trading, and other robust trading platforms. Almost every sort of investment imaginable is accessible to traders at Saxo Bank, including stocks, bonds, ETFs, and options.

Additionally, it offers traders a variety of tools to give them a competitive edge when deciding on trading strategies, such as proprietary chart indicators, live expert commentary, and market heatmaps that show which instruments are performing well at the moment so you don’t miss out on any opportunities!

By offering top-notch customer care and making investments in cutting-edge technology and research, the company has become a dominant force in the financial services sector. Saxo offers three account tiers – classic, platinum, and VIP.

Note that each account has different initial funding. However, the minimum deposit amount depends on the country of residency.

Minimum Deposit: EUR 2,000
Withdrawal fee: Saxo Bank does not charge for withdrawals
FX Pairs: 190 + forex spot pairs
Maximum Leverage: 1:50 (margin as low as 2%)

Trading Platforms:

  • SaxoTraderGO (web)
  • SaxoTraderPRO (desktop)

Education & Research: Multiple educational materials and modern analysis from Saxo Bank’s internal team.

Other Features:

  • Charting
  • Innovative tools (for risk management)
  • Third-party tools (TradingView, Dynamic Trends, OpenAPI for Excel, Multicharts, and updates)
  • Saxo APIs
  • Demo account
  • SaxoTraderGO mobile app


  • Expert support
  • Powerful platforms
  • Global Market Access
  • Market-leading prices
  • Sophisticated account security
  • Competitive pricing for Platinum & VIP accounts


  • Customizing the desktop platform is overwhelming
  • The minimum initial deposit is high
  • No MT4

Verdict: For pros and skilled traders with well-funded accounts, Saxo Capital Markets is a fantastic choice. It is a widely trusted, global brand that delivers just about everything that traders require.

It’s best recognized for its unique SaxoTraderGO trading platform suite, which comprises its mobile and web trading app, as well as its SaxoTraderPRO platform desktop software.

Pricing: Spreads and commissions

Website: Saxo Bank

#5) InteractiveBrokers

Best for skilled investors and aggressive traders who need access to global markets.

Interactive Brokers

InteractiveBrokers (IBKR) was established about 45 years ago. This business is well renowned for promoting global trade. This US-based business is publicly owned. It is a cheap broker that provides access to exchanges in 24 different currencies, 150 markets, and 33 different nations.

Over the years, the business has garnered numerous accolades, including Best Broker Software, Lowest Commissions, and Best Broker for Frequent Traders. The business is also recognized for providing exceptional customer service.

InteractiveBrokers offers various trading platforms for its clients to use. The primary platform provided on this website is the Trader Workstation. It’s a web-based platform that you can download to your computer or mobile device as well.

Minimum Deposit: $0.00 except for broker accounts that require USD 10,000

Withdrawal fee: Each month, IBKR allows one free withdrawal request. After the first withdrawal (of any kind), IBKR will assess a fee based on the denomination of the currency and withdrawal method.

FX Pairs: 100 +
Maximum Leverage 50:1

Trading Platforms:

  • Trader Workstation
  • Client Portal
  • IBKR Mobile
  • IBKR GlobalTrader

Education & Research: high-quality educational content and a plethora of 3rd party research

Other Features:


  • Professional FX trading tools
  • Low commissions (0.08 – 0.20)
  • Access to 150 markets across 33 countries
  • Easy-to-use client portal
  • Detailed liquidity and real-time prices from 17 of the biggest FX traders worldwide
  • Narrow spreads as little as 1/10 PIP


  • No MetaTrader
  • Trader Workstation is quite complex for beginners

Verdict: The distinctive Trader Workstation platform, affordable commissions, and extensive worldwide product range of InteractiveBrokers are a terrific fit for experienced investors and professional traders. Note that IBKR does not allow retail or business clients from the United States to trade foreign exchange.

Pricing: Commissions and spreads

Website: InteractiveBrokers

#6) CMC Markets

Best for advanced trading technology and a range of offerings

CMC Markets

CMC Markets provides more than 12,000 financial instruments on significant international markets. With CMC Markets, you have a wide range of trading platform choices. Professional traders get access to the data they need through the trading tools offered by CMC Markets’ Next Generation trading platform.

In addition to the well-known MetaTrader 4 (MT4) platform, CMC Markets now provides a customized web-based trading platform. Demo accounts are also available for both platforms. Web Trader, a web-based trading tool developed exclusively by CMC Markets, is accessible in 14 languages and offers robust charting features.

It also features 60 simple attachable candlestick patterns, 40 sketching tools, and 80 technical indicators and studies.

When choosing a mobile platform, clients have Next Generation and MetaTrader 4 for iOS and Android as options. The CMC Markets mobile app closely matches the web-based version of the Next Generation platform in terms of overall appearance and feel.

Minimum Deposit: No minimum deposit is required
Withdrawal fee: No withdrawal fees
FX Pairs: 330 +
Maximum Leverage: 30:1

Trading Platforms:

  • Next Generation
  • MetaTrader 4
  • Mobile trading apps

Education & Research: Focuses on offering excellent research amenities and educational materials.

Other Features:

  • Three basic order types (limit, stop, market)
  • Built-in help and support
  • Advanced order options
  • Technical indicators and drawing tools
  • Demo account


  • Innovative trading tools
  • Lower trading costs
  • Competitive pricing for active traders
  • Excellent user experience
  • Advanced trading tools
  • Wide-range tradeable instruments
  • Dynamic charting capability
  • Advanced mobile trading apps
  • Risk Management Features


  • MetaTrader 4 could be better
  • Doesn’t accept U.S. traders
  • Lacks automated trading abilities

Verdict: Every sort of trader can use CMC Markets, from inexperienced retail traders trying to test the waters of forex, CFDs, and spread betting to the seasoned expert looking for exposure to a wide range of products.

Pricing: Spreads and commissions

Website: CMC Markets

#7) XTB

Best for traders who wish to cut their expenses.


The advantage of XTB is that it has access to so many different markets and goods. It offers over 2100 worldwide securities, including equities, indices, commodities, and currency. On XTB’s platform, there are 49 cryptocurrencies available (including the likes of Bitcoin, Ethereum, Litecoin, and Ripple among others).

Concerning online forex brokerage, the entire price and cost structure of XTB is competitive. The minimum FX spreads that XTB advertises for the various account configurations set it apart from the competition.

A minimum spread of 0.5 is quoted for XTB’s “Standard” account, while a minimum spread of 0.7 is provided for its “Swap-Free” account. Orders must be at least 0.01 in both accounts. The broker does not charge account setup and maintenance fees.

XTB has two account types: a commission-based Professional account and a spread-only Standard account. Both accounts have similar pricing when trading higher volumes. XTB rebates are a fraction (5% to 30%) of the spread back to active traders who meet the volume thresholds per month.

Minimum Deposit: None

Withdrawal fee: XTB processes payments using the SHA model and pays the sending bank’s full fee. However, a $30 extra commission will be applied to withdrawals that are less than $50.

FX Pairs: 48 +
Maximum Leverage: 1:500

Trading Platforms:

  • xStation 5 (web and desktop)
  • xStation mobile
  • MetaTrader 4 in select locations

Education & Research: Their education offering is impressive. They also provide the high-quality market analysis (in-house & third-party providers)

Other Features:

  • Social trading
  • Charting
  • Watchlists
  • Micro lot trading is available
  • Demo account


  • Low spreads from 0.1 pips
  • Fast deposits and withdrawals
  • Easy-to-use trading platform
  • Comprehensive education
  • World-class customer support
  • 2100 + instruments


  • Stop loss is not guaranteed
  • MT4 is not available in all locations

Verdict: XTB is among the top 10 forex brokers in the world thanks to its exceptional customer service, aggressive market research, and cutting-edge xStation 5 proprietary trading platform suite, even though pricing is only average.

The best forex broker for traders who wish to save their costs, whether it’s the cost of placing a trade itself or not having to pay extra expenses like wire fees.

Pricing: Spreads (standard acc), spreads, and commissions (pro acc)

Website: XTB

#8) Pepperstone

Best for beginner traders who seek a reasonable selection of affordable offerings, a solid MT4 broker, and a variety of user interface options.


By creating a fiercely competitive, fully-featured trading platform that concentrates on forex, shares, indices, metals, commodities, and even cryptocurrencies, Pepperstone Group has established itself as a major player in the online brokerage industry. It is the best forex broker for beginners due to its ability to offer straightforward access to the markets.

The primary trading platform employed by Pepperstone is MetaTrader 4 (MT4), one of the most popular systems in use worldwide. They also support TradingView, cTrader, and MT5. The four standard order types in Pepperstone’s cTrader are market, limit, stop, and stop-limit.

In the world of internet brokerage, Pepperstone’s prices are extremely competitive. The “Standard” account has minimum FX spreads starting at 1.0 pip and no commission, whereas the “Razor” account has basic FX spreads starting at 0.00 pips and commission.

Minimum Deposit: Recommended is $200.00 but clients can deposit less.
Withdrawal fee: No fee except for International Telegraphic Transfer that costs approx. $20
FX Pairs: 60+
Maximum Leverage: 30:1 for retail clients and 500:1 for pro traders

Trading Platforms:

  • TradingView (desktop, web, Android/iOS support)
  • MetaTrader 4 (Desktop, Web, Android/iOS support)
  • MetaTrader 5 (Desktop, Web, Android/iOS support)
  • cTrader (desktop, web, Android/iOS support)

Education & Research: Top-quality education content and above-the-industry-average market research

Other Features:

  • Demo account
  • Watchlists
  • Charting (indicators and drawing tools)
  • DupliTrade
  • Autochartist
  • Capitalise ai
  • Algorithmic trading
  • API trading


  • Excellent customer service
  • Safe broker (low-risk)
  • Competitive Pricing
  • Social copy trading
  • Advanced technical features
  • Low FX spreads
  • Regulated broker by FCA


  • Does not accept U.S. clients
  • Do not guarantee to stop the loss of orders

Verdict: Having been in business for years, Pepperstone is a respected broker. It is best suited for traders who seek a reasonable selection of affordable offerings, a variety of user interface options, several account kinds, and effective customer service. For those looking for the best forex broker in the USA, maybe you should try IG or FOREX.com.

Pricing: Spreads, commissions, and swaps

Website: Pepperstone

#9) eToro

Best for copy trading.


eToro has made a name for itself as a platform that enables novice retail traders to make money by imitating the techniques of more seasoned investors with proven track records.

Customers of eToro can make deposits and withdrawals using a range of payment options, including wire transfers, credit cards, and others. Low minimum deposits and consistent fees are provided by eToro.

In addition to its top-notch social trading network, eToro offers fantastic learning materials for those new to forex trading. Anyone may use user-friendly eToro social trading and multi-asset trading platforms and apps right away. Unfortunately, the MetaTrader 4 and 5 (MT4 and MT5) trading platforms are not supported by eToro.

Since eToro is a market-maker broker, its standard variable spread on EUR/USD is 1 pip, which is slightly more than the industry standard.

There are five membership tiers available in its VIP club, the eToro Club, ranging from Silver to Diamond. These levels, which have different privileges based on the level of membership, are for traders who keep balances between $5,000 and $250,000.

Minimum Deposit: $10 – $500
Withdrawal fee: No fees
FX Pairs: 47+
Maximum Leverage: No leverage option for U.S. traders. x30 (Europe, UK, and AUS). x400 (Seychelles)

Trading Platforms:

  • Web platform
  • Mobile app

Education & Research: Average learning material and market research.

Other features:

  • Charting
  • Smart Portfolios
  • CopyTrader
  • Demo account
  • Multiple watchlists
  • Offline trading
  • Trailing stop loss


  • User-friendly web platform
  • Regulated brokers (safe and low-risk)
  • Impressive social copy trading
  • Great for crypto trading
  • Intuitive for beginners and experts
  • Transparent fees


  • U.S. clients can’t trade forex
  • No MT4
  • No automated trading

Verdict: Although eToro may not provide all of an investor’s needs, it is an excellent resource for retail traders who seek to crowdsource investment ideas using the power of copy trading. It is the best forex broker for cryptocurrency and social copy trading.

Pricing: Spreads + fees

Website: eToro

#10) TD Ameritrade

Best for both beginner investors and advanced traders

TD Ameritrade

Thinkorswim, TD Ameritrade’s primary trading platform, may be the company’s most well-known product. With this potent service, investors may test their investing strategy using historical data before joining the market by combining comprehensive research tools, screening features, financial calculators, and backtesting capabilities.

Along with a wide range of excellent tools, research, and education, the Thinkorswim platform offers more than 70 currency pairs that can be traded. With more than $1 trillion in assets, it is publicly traded (NYSE: SCHW), governed in four tier-1 jurisdictions, and trusted by over 11 million clients.

No matter which version you like to use, TD Ameritrade’s attention to the client experience has produced a flawless and simple-to-navigate interface. Each edition provides a wide range of adjustable features that enable customers to tailor the trading platform to their unique requirements and tastes. At the very least, trading on the mobile app is as seamless as trading on the web platform.

Minimum Deposit: No minimum, though $2,000 is required for margin & some options privileges.
Withdrawal fee: Free ACH, $25 per withdrawal via bank
FX Pairs: 70 +

Trading Platforms:

  • Web platforms
  • Thinkorswim desktop
  • Thikorswim web
  • Mobile trading

Education & Research: Stands out for the breadth of its educational offerings and offers all the tools for research and analysis that a trader would expect from a major online broker.

Other Features:

  • Demo account
  • Charting
  • GainsKeeper
  • Technical analysis
  • Community (in-platform chat rooms)


  • Excellent customer service
  • Robust trading platforms
  • In-depth educational content
  • Trusted by over 11M traders
  • Easy-to-use mobile app
  • Large investment selection
  • Commission-free trade


  • No MT4
  • Slightly above market pricing
  • Does not support trading in individual cryptocurrencies

Verdict: TD Ameritrade is the best forex broker for U.S. clients loaded with tempting features. With the aid of a wide range of assets, trading resources, and educational information, users of all skill levels can implement their preferred investing plan.

Because of the design’s basic navigation, which functions flawlessly on desktop, mobile, and online editions, finding what you’re looking for is easy. The excellent customer service options further enhance TD Ameritrade’s reputation as a company that puts the requirements of its clients first.

Pricing: Spreads

Website: TD Ameritrade


The emergence of online brokers, which have placed the entire world of trading in the palms of regular investors, has made trading forex (foreign currency) online simpler than ever before. You can trade currencies, equities, indices, crypto-currencies, and more with the help of an online broker who also gives you access to other financial marketplaces.

Which online broker is right for you? We’ve got you covered. We’d recommend FOREX.com for those looking for the best forex broker with narrow spreads, robust trading tools, and strong execution. If you’re a U.S. citizen searching for the best forex broker accepting U.S. clients, look no further than OANDA.

Finally, suppose you’re looking for a dependable forex broker with cutting-edge resources, in-depth market analysis, and access to almost all worldwide markets. In that case, check out the IG.

Research Process:

  • Time Taken to Research and Write this Article: We spent 20 hours researching and writing this article so you can get a useful summarized list of tools with a comparison of each for your quick review.
  • Total Forex Brokers Researched Online: 25
  • Top Forex Brokers Shortlisted for Review: 10
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