Top 10 Best Forex Brokers Review 2018 – The very best Forex Broker

by | Oct 15, 2018 | Best Brokers | 7 comments

Well, apparently you’re looking for the best forex broker in the world, right?

Our Top 10 of the best forex brokers it’s right for you then.

Over time we have created several lists on the best forex brokers in every category (find them at the bottom of this post).

But here we have gathered the very best of the best, the biggest trusted forex brokers in the world, with peaks of excellence in the quality of services.

This order is not necessarily a ranking, we’re talking about the top forex brokers around the world, the quality is very high in all cases, and it is therefore very difficult to find a real ranking.

Anyway, here is our list of the top 10 forex brokers renowned all over the world, with a short review too.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money

 

top 10 best forex brokers

Top 10 list of the best Forex brokers in the world and Review

1. Pepperstone

pepperstone best forex brokersFounded in 2010 Pepperstone has quickly became one of the largest and most important Australian broker (in 2016 they reported an annual growth of 20% each year). Their headquarters is in Melbourne, but they also have offices in Dallas and Shangai. The most important Pepperstone features is without a doubt the ECN trading system, one of the best in the industry. Pepperstone offers various types of account to fill every client’s needs, from the more “normal” trader, to the “high volume” one, to the EA user, etc. You have the Standard account, the Razor, the Swap Free and the Active Traders. To be noted also the partnership with Equinix, a Nasdaq company, a financial network placed near Wall Street, a strategic place to be able to get the best prices.

  • Regulations: ASIC
  • Type: ECN – DMA
  • Leverage: up to 1:500
  • Minimum Deposit: $ 200
  • Headquarter: Australia
  • US Customers: No
  • Other instruments: Stocks, indices, CFDs, Commodities
  • Try Pepperstone with a demo account

2. FxPro

fxpro best forex brokersFounded in 2006, the English broker FxPro has always been one of the key broker for the NDD category, a category in which many traders are particularly interested. FxPro has also won several awards over the years for its trading platforms, from the MetaTrader to the cTrader. FxPro also proposes several new technologies that make it a very state of the art broker from this point of view, particularly for those users who prefer automated trading. Services like cAlgo Algorithmic Trading, FxPro Library, FxPro Quant Strategy Builder and FxPro VPS are definitely worth trying if you want to automate your strategy.

  • Regulations: CySEC, FCA, FSB, DFSA, SCB
  • Type: STP (Straight Through Processing)
  • Leverage: up to 500:1
  • Minimum Deposit: $ 100
  • Headquarter: UK
  • US Customers: No
  • Other instruments: Stocks, Indices, Futures CFDs, Commodities
  • Try FxPro with a Demo Account

3. Plus500

plus500 best forex brokersAnother giant of the Forex sector, well known all over the world and based in Cyprus, Plus500 is a CFD Provider, market maker type. With Plus500, in addition to the major forex currency pairs, you can access around 2000 tradable CFDs. Plus500 does not offer trading through the classic MT4 or MT5 platforms, but only through its own web, desktop and mobile platforms, expressly designed to improve the CFD trading experience. Plus500 can be a good choice for those who want to start trading, given the ease of use of its proprietary platforms.

  • Regulations: Plus500UK Ltd authorized & regulated by the FCA (#509909); Plus500CY Ltd authorized & regulated by CySEC (#250/14); Plus500SG Pte Ltd, licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018); Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546. (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.)
  • Type: Market Maker
  • Leverage: 1: 30
  • Minimum Deposit: € 100
  • Headquarter: Plus500 Ltd. is headquartered in Haifa Israel
  • US Customers: No
  • Other instruments: CFDs on indices, stocks, cryptocurrencies, commodities, options, ETFs
  • Try Plus500 with a demo account (CFD Service. 80.6% lose money)

4. Markets.com

markets.com best forex brokersAs written directly on the home page “MARKETS.COM is operated by Safecap, a subsidiary of Playtech PLC which is traded on the London Stock Exchange’s Main Market and is a constituent of the FTSE 250 Index.” Markets.com is one of the fastest growing broker in recent years, thanks to the significant investments made and the quality of their services (in particular the multilingual support department, available 24/5, for which they even received several awards). As the domain name may suggest, the goal of this broker is to provide coverage on as many markets as possible, so as to become the reference point not only for forex brokers, but for the whole universe of online trading.

  • Regulations: CySEC, FSB
  • Type: Market Maker
  • Leverage: up to 1: 300
  • Minimum Deposit: $ 100
  • Headquarter: Cyprus
  • US Customers: No
  • Other instruments: Stocks, indices, ETFs, CFDs, Commodities, Bitcoin
  • Try Markets.com with a demo account

5. IC Markets

icmarkets best forex brokersIC Markets, founded in 2007 and based in Sydney, is the first Australian forex broker, and one of the biggest in the world, also booming in recent years. IC Markets is renowned for its cutting-edge ECN technology, a factor that has enabled it to become one of the best brokers in terms of spread. For this reason, this broker is often the first choice of scalpers and day traders, i.e. traders with a high volume of daily operations.

  • Regulations: ASIC
  • Type: ECN/STP
  • Leverage: 500:1
  • Minimum Deposit: $ 200
  • Headquarter: Australia
  • US Customers: No
  • Other instruments: Commodities, Indices, Futures, CFD
  • Try IC Markets with a Demo Account

6. IG Markets

ig markets best forex brokersAmong the “old English brokers” in the industry, founded back in 1974, IG Markets is renowned for the reliability and the quality of service and for being one among the brokers with the highest number of CFDs an investor can have access to, more than 10,000 to be precise. Until a few years ago this broker was among the few not supporting the MetaTrader platform, but just the ProRealTime one, even though today it also integrates the most popular MT4 and the L2 Dealer, to better meet the needs of many customers.

  • Regulations: FCA UK, ASIC, FINMA
  • Type: ECN/STP & Market maker
  • Leverage: up to 200: 1
  • Minimum Deposit: $ 200
  • Headquarter: UK
  • US Customers: No
  • Other instruments: CFDs, Stocks, Commodities, Indices, ETP, Options , interest Rates, VIX, bonds, bitcoin, IPO
  • Try IG markets with a demo account

7. Oanda

oanda best forex brokersBroker of Canadian origin, founded in 1995, Oanda is among the biggest player regarding specifically the Forex market. It has been estimated that about 20% of spot forex daily operations passes through the Oanda servers. In addition to the classic MT4, Oanda provides its own WebTrader with which you can operate with a Cent Account, i.e. you can trade with very little quantities (fractions of microlots). This feature allows you to work with a good money management even with accounts of a few tens of dollars.

  • Regulations: NFA, CFTC, FCA UK, IIROC, MAS Singapore
  • Type: Market Maker
  • Leverage: up to 50:1
  • Minimum Deposit: none
  • Headquarter: Canada, USA
  • US Customers: Yes
  • Other instruments: Indices, Commodities, bonds, CFDs
  • Try Oanda with a Demo Account

8. Saxo Bank

saxo bank best forex brokersMore than a broker, we are in the presence of a bank, so much so that it is regulated as such. Saxo Bank, a Danish company founded in 1992, is definitely not for all budgets having a minimum deposit of $ 10,000. Once inside, however, you can have access to a broker with very high professionalism and the ability to trade also on real instruments such as futures, options and bonds.

  • Regulations: FINMA
  • Type: Market Maker
  • Leverage: up to 100: 1
  • Minimum Deposit: $ 10,000
  • Headquarter: Denmark
  • US Customers: No
  • Other instruments: Stocks, Options, ETFs, ETCs, Futures, CFD, Bonds
  • Try Saxo Bank with a Demo Account

9. Forex.com

forex.com best forex brokersTogether with Oanda, Forex.com, founded in 1999 in New Jersey, it’s another attractive alternative for US customers. In fact, this broker, thanks to the closure of the US market to foreign competition, is now the largest broker in terms of daily trading volumes. In addition to size, Forex.com is also distinguished by the large number of regulations around the world it complies with, and element indicating the high level of safety and professionalism. In addition to MT4, the Forex.com customers can also access the FOREXTrader Pro platform and GTX – Forex ECN (for large or institutional clients).

  • Regulations: CIMA, NFA, CFTC, FCA, IIROC, ASIC, FFA, MAS, SFC
  • Type: ECN/STP – Market maker
  • Leverage: up to 200:1
  • Minimum Deposit: $ 250
  • Headquarter: US
  • US Customers: Yes
  • Other instruments: Indices, Commodities
  • Try Demo Account with Forex.com

10. XM.com

 xm best forex brokersXM, founded in 2009 in Cyprus, is the largest forex brokers in Cyprus, and third in the world, with an important rate of growth in recent years. In terms of platforms, this broker only offers the MT4 and MT5, but where it excels is definitely in the orders execution technology, which is why it is very popular among very active day traders (also considered the highly leveraged granted which can go up to 888:1)

  • Regulations: CySEC, ASIC
  • Type: Market Maker
  • Leverage: up to 888:1
  • Minimum Deposit: $ 5
  • Headquarter: Cyprus
  • US Customers: No
  • Other instruments: Indexes, Commodities, Stocks, CFDs
  • Try XM with a Demo Account

List of our best forex brokers list

Do you want to deepen the research of the best forex brokers in the world?

Do you have some special needs and are you looking for something more specific?

Here is the complete (and growing) index of our lists where we have collected for you the best forex broker for each specific category

7 Comments

  1. Mike

    Very nice top 10 guys, many thanks

    Reply
  2. Forex

    Great ranking

    Reply
  3. Andrew

    How about Learn To Trade. Where does it feature in the rankings?

    Reply
    • Filippo

      Sorry Andrew. We don’t know this broker so I can’t answer you.

      Reply
  4. cunu

    nice

    Reply
  5. FRIKKIE

    what about DAXmarkets.com

    Reply
    • Filippo

      Hi Frikkie. I’m sorry, we don’t know this broker for now

      Reply

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best platform
Pepperstone

The Best ECN Platform for Professional Traders

70% of our users choose Pepperstone

The Best ECN Platform for Professional Traders

  • Type: ECN – DMA
  • Regulated: Yes (ASIC)
  • Leverage: up to 1:500
  • Minimum Deposit: 200 $
  • markets: Forex, Stocks, Indexs, CFD, Commodities
  • Headquarter: Australia

70% of our users choose Pepperstone

Best UK Broker

 

FxPro

The Best Forex Broker of United Kingdom

The Best Forex Broker of United Kingdom

  • Type: NDD (Non Dealing Desk)
  • Regulated: Yes (CySEC, FCA, FSB, DFSA, SCB)
  • Minimum Deposit: 100 $

Markets.com

One of the fast-growing global Forex Broker

One of the fast-growing global Forex Broker

  • Regulated: Yes (CySEC, FSB)
  • Regulated: Yes (CySEC, FSB)

IG Markets

Not only forex, but a vast list of CFDs

Not only forex, but a vast list of CFDs

  • Regulated: Yes (FCA, ASIC, FINMA)
  • Minimum Deposit: 100 $

Oanda

An important pillar of the forex market

An important pillar of the forex market

  • Regulated: Yes (NFA, CFTC, FCA, IIROC, MAS)
  • Minimum Deposit: Nessuno