Forex Trading Broker Reviews

  1. What are the Best Forex Brokers?
  2. Best Forex Brokers
  3. How do Forex Brokers make money?
  4. What Brokers allow Forex Trading?
  5. Which Forex Brokers are the best?
  6. Forex Brokers List

What is Forex Trading Broker?

Forex Broker offers access to trade Forex Market of trade Currency Pairs. Where Forex, FX or Currency Market is a global decentralized foreign exchange for currencies trading that determines the exchange rate between the eCurrenciees and provides liquidity.

Forex trading is performed as electronic trading where transactions done via networks connecting the participants and traders from around the world 24/5 across the financial sessions at every time zone. Read more about Forex via Wikipedia.

🏦 SpreadDepending on currency pair, Average EUR USD - 1.1 pips
📉PositionsSell and Buy
💰Contract sizeMicro Lot, Standard Lot (Depending on the broker)

What is Forex Trading Platform?

There is no need to look for a separate platform to trade Forex if the Broker offers Forex instruments in its range, so the trading platform is configured for Forex trading or trade or Currencies. See some of our important finds and notes to consider before signing for Forex Trading:

  • Forex Trading is the largest and the most liquid instrument worldwide with an average volume of around $2.4 trillion per day. That is done because the currencies need to be exchanged in order to enable conversion and assist international businesses.
  • The currencies are always traded in pairs, thus there is no absolute but relative value through the market price of the particular currency.
  • The main participants of Forex are international banks that work through financial institutions, the banks that are turned into financial firms with involved large quantities of forex exchange known as dealers. Altogether it creates an interbank market that operates very large amounts daily.
  • Retail traders need a Forex Broker to access Forex trading – it is recommended to choose among Regulated Brokers with a top-tier license for money safety and safe access to trade markets
  • Typically, exchanges are traded in an over-the-counter model where brokers negotiate one with another. Therefore, there are two types of FX Brokers the one operating as an agent by seeking the best price in the market for a retail order via STP Trading or the dealers that are principals in the transaction and quote the price to deal with, also Broker who offer Forex CFDs Trading
Forex Trading AdvantagesForex Trading Disadvantages
Popular Market, mostly all Brokers offering Forex TradingLighter Regulatory Protection
Transparent conditionsCounterparty Risks
Low transaction costsComplex Price Determination Process
Leveraged TradingHigh Volatility
Suitable for BeginnersSelf-Directed Learning
Suitable for various trading styles

Top 5 Best Forex Trading Brokers

Here we made a selection of Top Forex Brokers allowing Trading of Forex Markets defined by category that are Regulated Best Brokers for Forex with some of the best-offered trading conditions and transparent conditions.

  • HFM – Best Overall Forex Broker 2023
  • BlackBull Markets – Best Lowest Spread Forex Broker 2023
  • FP Markets – Best MT4 Forex Broker 2023
  • Eightcap – Best for Beginners Forex Broker 2023
  • BDSwiss – Best EA Trading Forex Broker 2023

How do Forex Brokers make money?

Forex Brokers build their trading fees into a spread or commission charge which the trader pays for every open transaction or trade.

What Brokers allow Forex Trading?

Broker that has Currency pairs in their instrument range allow Forex Trading, while a number of currency pairs will depend on a particular offering.

Which Forex Brokers are the best?

There is no best Forex Broker, however, the best one is definitely a reliable firm with good regulation and reputation, fair trading conditions, and good customer service. Check IG Trading or Interactive Brokers.

How to trade Forex for Beginners?

Firstly, you need to select brokers and sign up for good education and learn well all basics about Forex trading. Read more about Forex Trading Beginners. 

List of Brokers for Forex Trading

These are the regulated brokers that offer Forex trading and access to trade Currency Pairs that we verify and consider safe trading:

Broker Detail
Land FX Review Land FX
Min. Deposit: $10
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5
Regulation: FCA, FSA
Land FX Review
CMTrading Review CMTrading
Min. Deposit: 250 US$
Max. Leverage: 1:200
Trading Platforms: MT4, Sirix
Regulation: FSB
CMTrading Review
Financial Spreads Review Financial Spreads
Min. Deposit: 250 US$
Max. Leverage: 1:30
Trading Platforms: Proprietary WebTrader, Mobile App
Regulation: FCA
Financial Spreads Review
Infinox Broker review Infinox
Min. Deposit: $1
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5
Regulation: FCA, SCB, FSCA, FSC
Infinox Review
XTrade Review Xtrade
Min. Deposit: 250 US$
Max. Leverage: 1:30
Trading Platforms: MT4, XTrade WebTrader
Regulation: CySEC, FSC, ASIC, FSCA
Xtrade Review
Rakuten Securities Review Rakuten Securities
Min. Deposit: 50 US$
Max. Leverage: 1:400
Trading Platforms: MT4, Rakuten FX, ZuluTrade
Regulation: ASIC
Rakuten Securities Review
Formax Prime Review Formax Prime
Min. Deposit: 1,000 US$
Max. Leverage: 1:30
Trading Platforms: MT4
Regulation: FCA
Formax Prime Review
EverFX logo EverFX
Min. Deposit: 250 US$
Max. Leverage: 1:30
Trading Platforms: MT4, Status
Regulation: CySEC
EverFX Review
Fortrade Review Fortrade
Min. Deposit: US$100
Max. Leverage: 1:30 | 1:400
Trading Platforms: Fortrader Platfrom, MT4
Fortrade Review
Darwinex Review Darwinex
Min. Deposit: 500 US$
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: FCA
Darwinex Review