Top 10 Forex Trading Brokers in the World
The Forex or Foreign Exchange Market is the biggest, decentralized and most active market to traded currency worldwide.
By far, when a trader looks for the top broker, both experienced and beginners look for several keys, advantages, benefits, features and cons. Among all, regulation, languages, offices, account, platforms, fees, spread, leverages, bonuses, client support etc.
So, to look for all these things you need a day or a few days or a couple of weeks that annoying. We (our experts) researched more than 35 hours, and from our over 8 years’ experience, we made a list.
Top 10 Forex Trading Brokers
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HotForex
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FortFs
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RoboForex
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InstaForex
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Axiory
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InvestLite
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GrandCapital
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TickMill
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M4Makets
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CedarFX
HotForex Broker
Best For: multi-asset brokers in overall platform & PAMM account.
Regulation: CySEC, FCA, DFSA, FSCA
Minimum Deposit: $5
HotForex is a multi-asset and a regulated broker. The company was founded in 2010. They offer Meta Trader trading platform and over 600 trading instruments and currencies.
Pros
6 type of accounts
Micro and Islamic account
$0 fees and 100% bonus offerings
Cons
No proprietary platform
No underlying asset like buying bitcoin
Three entities based in offshore zones
FortFs Broker
Best For: Beginner and Expert traders
Regulation: IFSC
Minimum Deposit: $5
FortFS or Fort Financial Services Ltd was founded in 2010. It is an award-winning broker. Their main focus in Asia, with the worldwide client. They offer bot MT4 & MT5 platform, and Ninja trader platform. FortFS offers bonuses and contests regularly.
Pros
Offers Managed account
MT4, MT5, CQG or NinjaTrader platforms
Social and Copy trading service
Good market analysis and research
Cons
Clients from the USA are not accepted.
RoboForex Broker
Best For: overall good brokers
Regulation: CySEC, IFSC
Minimum Deposit: $10
RoboForex is a well-regulated and Multi-award-winning broker. They are providing services for 12 years. The broker was founded in 2009, currently more than 1 0,000 users and traders using RoboForex. You can choose MT4, MT5, cTrader, WebTrader, Mobile Trader, R Trader platform for trading.
Pros
Amazing trading platforms
Welcome deposit bonus $30
Well-regulated and award-winning broker
Variety of trading instruments and payment methods
Cons
Doesn’t accept US and Japan Clients
No cryptocurrency for trading
InstaForex Broker
Best For: bonuses and beginners
Regulation: CySEC
Minimum Deposit: $1
Instaforex was established in 2007. The ECN based broker offers over 200 different assets in 5 asset class. The headquarter is located in Russia. The broker offers Advanced Financial Chart comparison tools and 15 different languages support.
Pros
Financial Ombudsman Service
A lot of bonuses and contests
Negative Balance Protection
Cons
Not listed on Stock Exchange
Cent account fees are high.
Axiory Broker
Best For: technology
Regulation: IFSC
Minimum Deposit: $50
Axiory was established in 2012., this broker claims the best technology ever. They offer 3 account types with flexible trading conditions. You can trade 60 forex pairs, CFDs, gold, oil, stock indices, silver and other precious metals at MT4 and cTrader platforms.
Pros
The maximum leverage is 1:777
Modern & user-friendly technology
Axiory Trading Academy & strike indicator
Cons
No multi-currency accounts
Doesn’t support US clients
Not listed on Stock Exchange
InvestLite Broker
Best For: client support
Regulation: IFSC
Minimum deposit: $250
InvestLite is a brand new CFDs and forex broker. They offer 3 types of account and MT4 trading platform. They offer good client support and a wide range of payment method for users.
Pros
Amazing client support
A wide range of payment method
More than 30 cryptocurrencies
Cons
Free VPS available only for platinum clients
GrandCapital Broker
Best For: service, instruments, funding
Regulation: FinaCom
Minimum Deposit: $10
Grand Capital is an innovative forex broker that was founded in 2006. The headquarter is located in Russia. They offer tight spread, fast order execution, fast withdrawal with various payment methods and a wide range of trading instruments.
Pros
A variety of trading instruments
15+ Different languages
LAMM and RAMM Service
Cons
Not well-regulated broker
Doesn’t support US clients
TickMill Broker
Best For: trading service
Regulation: CySEC, FCA, FSA
Minimum Deposit: $100
TickMill is global online brokerage offer Forex and CFD’s trading service. They are operating since 2014 and regulated by the Financial Conduct Authority, top tier authority.
Pros
Fee free deposit and withdrawal
Competitive Spreads (low end)
Scalping & Hedging
Cons
Few account base currencies
No Choice of Platforms
No Individual Stocks
M4Markets Broker
Best For: features
Regulation: FSA
Minimum Deposit: $50
M4Markets is owned and operated by the Trinota Markets Limited. The broker was founded in 2019. They offer all types of trading assets via MT4 and MT5 platform.
Pros
Lots of trading assets
Both MT4 & MT5 platform
Commission-free trading available
Access to raw, interbank spreads
Cons
Limited trader education
CedarFX Broker
Best For: Eco Friendly Broker
Regulation: CySEC
Minimum Deposit: $10
CedarFX is owned and operated by the Cedar LLC. It is brand new and world’s first Eco-Friendly broker. They offer 55+ FX pairs, 35+ Crypto pairs and 170+ trading assets.
Pros
Zero Commission Account
Ecological Awareness Account
Good Customer Support
Cons
No social or copy trading
No PAMM and Swap free account.
