In the U.S., FOREX.com offers customers access to over 80 currency pairs, while in other countries, including the U.K., FOREX.com also offers leveraged products, such as spread trading and Contracts for Difference (CFDs). Access to trade stocks, commodities, and bonds is available through a StoneX account, but foreign exchange trading takes place on FOREX.com platforms only. It is the most popular forex trading and analytical technology offered by forex brokers and used by retail foreign exchange traders.
- ActivTrades was established in 2001 and is regulated by multiple authorities around the world, providingenhanced insurance to protect funds up to £1,000,000.
- The broker also supports the popular MetaTrader 4 and 5 platforms, which can be enhanced with add-ons for direct access to trading signals.
- The low average spreads combined with fast, no dealing desk (NDD) execution is well-suited to algorithmic traders and scalpers.
- Operating in 190 countries and being multi-regulated, including oversight from FCA, SCA of UAE, ASIC of Australia, CySEC of Cyprus, and IFSC of Belize, XM stands as a trusted global forex and CFD broker.
- Due to the size and global reach of the market, however, forex trading is attractive to scammers at the broker level.
Fusion Markets
I was particularly impressed with IC Markets’ policy of having no minimum order distance restriction. This means you can place orders at prices that are very close to the current market price – a unique feature among brokers. Fx Pesa, founded in 2017, is a forex broker that primarily serves the African market. Regulated by both the FSA and CMA, it offers a level of security for traders in its operational regions. Dive into our meticulously crafted reviews of the forex industry’s crème de la crème. We dissect each broker’s unique selling points, from cutting-edge trading technology to industry-leading educational resources.
During our live fee test, the average spread for EUR/USD during the London and New York sessions was 2.0 pips on the commission-free Advantage Account. Professional traders might forex trading guide and forex broker reviews prefer the Advantage Plus Account, which offers spreads starting at 0.1 pips directly from the interbank market. Pepperstone is a globally regulated forex and CFD broker founded in 2010 and headquartered in Melbourne, Australia.
Why Choose Scope Markets
If that wasn’t enough of a reason why beginner traders should consider AvaTrader, the company also really excels in offering a rich educational environment. From the app, you can trade on a wide range of currency pairs, including majors, minors, exotics, and emerging market currencies. I was surprised you are able to trade currencies such as the Colombian Peso and Ugandan Shilling which I have not seen other forex brokers offer. In my experience, one of the best tools a beginner trader can use is a demo trading account.
Why Choose Blackbull Markets
- In our live fee test, I found the spread for Apple averaged 0.04 points during the New York open, which is better than the industry average.
- Founded and headquartered in Melbourne in 2017, Fusion markets are regulated in Australia and Vanuatu and offers one of the best trading experience by applying ‘the Fusion Formula’.
- With withdrawals so far same as well, got mine on the next day every single time, on the dot.
- Training is multilingual making CMC Markets one of the Best Forex Brokers In Thailand and Best Forex Brokers in Germany.
XTB offers a large range of financial products for trade on the market with 1500 instruments including 49 forex pairs, 42 indices, 22 commodities, 1755 stock CFDs, 113 ETF CFDs and 25 Crypto pairs. Spreads for forex start at 0.28 pips for EURUSD for its PRO trading account. Fixed spread forex brokers have the highest fees so most experienced or algorithmic traders won’t consider this option. They also have the poorest execution speeds of the three broker sets.
Non-trading fees
There is no legal recourse should they run away with your funds or handle your capital negligently. Plus500 has recently expanded into the United States to offer futures trading via its state-of-the-art WebTrader platform. US clients can access futures contracts on forex, indices, commodities, bonds, and cryptocurrencies.
Forex brokers are like other brokerages – they match a buyer with a seller. They maintain a trading platform that monitors price data for currency pairs across the network of institutional forex participants and exchanges and allows users to trade these pairs. FX brokers make money off the spread on trades as well as any platform related fees.
Best for Mobile
HFM offers a more limited selection of deposit and withdrawal methods compared to some brokers. While they support certain bank cards, cryptocurrency wallets, and international bank transfers, popular options like Neteller and Skrill are not available. XM Group ensures a cost-effective trading experience with low stock CFD and withdrawal fees. The account opening process is not only user-friendly but also quick, allowing traders to start trading without delays. 23 Oct 2025MateusMeloAlves about XMWas very active during big ‘news’ (well, tweets) days in 2025.
WebTrader has a range of popular features, including watchlists, trading from the chart, and access to live chat support from within the platform. The design and UX are outstanding and really place it in a class of its own. I especially liked the ease with which you can flip between demo and live trading. In addition to competitive spreads and zero commission, tastyfx offers its own proprietary trading platform. Pepperstone came third based on their online videos and the availability of a dedicated account manager who can assist with training forex traders. Smart trading tools also provide training and market information within the MT4 trading platform.
IG: Best Overall
One risk management feature traders will appreciate is guaranteed negative balance protection. As forex and CFDs are derivatives and therefore complex instruments, trading comes with a high level of risk. Pepperstone’s ‘tier 1’ regulators mean the trader’s funds are secure and the broker can be trusted by investors. The broker follows all local regulations, such as disclaimers and segregated client funds with additional protections in certain areas. CMC Markets meets the needs of a wide variety of traders and the plethora of strategies they trade. Whether trading with small or large account balances, CMC’s active trader pricing, feature-rich platforms, and superb trading technology offer something for everyone looking to optimize their active trading skills.
We turn to market experts for their opinion to make sure the Top Brokers are determined the most objective way. We offer transparent ranking system that summarizes experts’ reviews and provides far-reaching opportunities for newcomers. We invite you to take part in determining the Best Forex Brokers each month. There are several guides to help select the right broker, including our Best Forex Brokers In Australia guide. You can also view our 5 effective trading tips, share vs. currency trading guide, commodities and overall Forex Trading strategies.
CMC Markets
By saving the layout, I found it provides quick access to the different layouts I like to have for forex trading and stock trading. Spreads in the Standard Account are mostly average for the industry. However, competitive trading costs are available via the Raw+ and Elite Accounts. During our live test, I found that you can trade via the MT4 and MT5 mobile trading apps for Android and iOS devices. I find these are no-frill mobile apps and not very useful for technical analysis, but ok for managing positions and opening or closing a trade. The broker also provides numerous third-party tools such as Capitalize.ai and Autochartist, and custom indicators and Expert Advisors for MetaTrader 4 and 5.