Best International Forex Brokers

Forex Exchange Market is perhaps the most active financial market worldwide. Yet, to have success in the market it is essential for both beginners and professional traders to sign with a trustworthy broker providing good offering, while in general Forex broker serves as an intermediary, linking the trader to the foreign exchange market.

Best International Platform for Forex Trading

In fact, Brokers’ offering is indeed different, so not only trading conditions but regulations apply various requirements, so it is necessary to check differences of regulations and proposal offered before considering Platform and Broker to trade with.

Besides, based on your residency you might be able to open an account with a particular broker or may be not. Alike US Traders are able to open accounts only and strictly with US Brokers. 

  • Selecting a forex broker or platform is a critical decision, and it is essential to opt for one that is accredited and registered within your country’s jurisdiction or by a well-regarded international authority, such as CySEC or BaFin.
  • We do not recommend trading with solely offshore brokers, as there is an increased likelihood of encountering fraudulent activities. To ensure a secure trading experience, verify that the broker has an additional top-tier license.
  • We highly recommend conducting deep research prior to engaging in trading to make an informed and safe decision.

Here is our breakdown of popular International Regulation differences in trading conditions due to requirements, while offshore Brokers possess almost none of the restrictions that is why considered highest risk to trade with:

🏦Regulator Financial Markets Authority (NZ FMA) Cyprus Securities and Exchange Commission (CySEC) Federal Financial Supervisory Authority (ASIC) Investment Industry Regulatory Organization of Canada (IIROC)
📊Max. Leverage 500:1 20:1 30:1 50:1
🛡️Is It safe to trade Yes Yes Yes Yes
🔒Negative Balance Protection Yes Yes Yes No
💰Compensation Scheme NZ$200,000 €20,000 €20,000 None

How to choose good Broker?

Traders often wonder what features to pay attention to when choosing a broker. Here we come up with a list of professional recommendations to guide choosing a reliable international broker:

  • The main point is – choosing a broker with tight regulations. Financial regulators play a crucial role by ensuring the stability of the financial system and protecting clients in different jurisdictions, so we recommend avoiding offshore or unregulated brokers for money safety
  • Then consider the overall trading experience of the broker and the depth of the offering to make it suitable for your trading style including the next points:
  • Finding a broker with tight spreads will be a huge benefit, yet for some strategies fixed spread or commission based is a better choice. Note, that the average EUR/USD spread is 1.2pips based on our research data
  • The choice of the trading platform is the key part of trading since all the trades are conducted there, so it should be easy to use offering either popular MT4, MT5 or cTrader or its own software, with favorable trading tools suitable for both beginner and professional brokers.
  • Another crucial aspect is customer support. Based on our experience, we recommend traders find a broker that provides help in their native or fluent language for easy communication
  • Payment methods are not less important. To deposit and withdraw funds smoothly is worth checking payment methods available in your area (credit/debit cards, popular e-wallets like PayPal, etc.)
  • At last, it is advisable to check in with a broker providing good education, better select one offering Trading Academy and access to various webinars and other materials. A demo account will also be a huge advantage.
International Trading ProsInternational Trading Cons
Global exposureInformation asymmetry
Access to new opportunitiesTime Zone difference
Broader investment universeLegal risks
Portfolio DiversificationHigh risks related with offshroe brokers
Early investment in innovative companiesPolitical and economic risks
Improved risk-adjusted returnsRegulatory Differences

Top 5 Best International Forex Brokers

Our list of international brokers includes Regulated brokers with good Licenses and international branches availabel. Based on our extensive research we have come up with a top list of Oversees Brokers that accept traders almost from everywhere. We have researched and reviewed those brokers and ranked them as best by category:

  • HFM –  Best Overall International Broker 2024
  • BlackBull Markets – Best International Broker for Beginners 2024
  • FP Markets – Lowest Spread International Broker 2024
  • Eightcap –Best MT4 International Broker 2024
  • BDSwiss – Best for Scalping and EA Trading International Broker 2024

Are There International Brokers Available Worldwide?

There are many brokers with good standing and favorable offerings that accept traders from all over the world, yet some countries might be in restrictions for a particular broker so it is worth checking with the Broker you consider. Also, you can also check some good brokers that have a good international presence: Interactive Brokers, IG, OANDA, and XM.

How to Do International Payment Without Forex Charges?

When choosing an international broker is important to check deposit conditions since some payments may attract fees. Also, make sure broker offers a payment method available in your region and then check the funding conditions, even though your payment provider may charge additional fees too. So 100% free payments for Forex might not be available.

How do I open an international brokerage account?

To open an international brokerage account, research reputable brokerages, and ensure you’re eligible to sign in. Afterward, the process is typically seamless – complete the application, wait for account verification, and fund your account.

List of Oversees Forex Brokers for International Trading

Below is a list of Regulated Brokers that welcome clients from numerous countries across the globe. It is highly recommended that you consider brokers with additional top-tier regulations for better safety:

Broker Detail
Velocity Trade Logo Velocity Trade
Min. Deposit: $0
Max. Leverage: from 1:30 up to 1:500
Trading Platforms: MT4, PFSOFT
Regulation: ASIC, FCA, IIROC, FMA, BaFIN, FSCA
Velocity Trade Review
X Open Hub Review X Open Hub
Min. Deposit: $0
Max. Leverage: 1:30
Trading Platforms: MT4, XOH Traders
Regulation: FCA
X Open Hub Review
Global Market Index GMI Review GMI
Min. Deposit: US$25
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, Alpine Trader, ClearPro, MTF, Currenex
Regulation: FCA, VFSC
GMI Review
Valutrades Review Valutrades
Min. Deposit: $50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: FCA, FSAS
Valutrades Review
JFD Brokers Review JFD Brokers
Min. Deposit: $500
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, MT5, stock3
Regulation: CySec, BaFIN, VFSC
JFD Brokers Review
Swissquote Review Swissquote
Min. Deposit: $1,000
Max. Leverage: 1:100 | 1:30
Trading Platforms: MT4, MT5, eTrader, Swiss DOTS
Regulation: FINMA, FCA, MFSA, SFC, DFSA
Swissquote Review
Dukascopy Review Dukascopy
Min. Deposit: $1,000
Max. Leverage: 1:30
Trading Platforms: JForex, MT4, Binary Trader
Regulation: FINMA, FCMC, JFSA, DFSA
Dukascopy Review
Scope Markets
Min. Deposit: $50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: CySEC, IFSC
Scope Markets Review
InterTrader review InterTrader
Min. Deposit: $100
Max. Leverage: 1:30
Trading Platforms: MetaTrader 5, Mobile Trading
Regulation: FCA, GFSC
InterTrader Review
Skilling logo Skilling
Min. Deposit: US$100
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, cTrader, Skilling Trader
Regulation: CySEC, FSA
Skilling Review