Top 10 Forex Brokers List

Best Forex Brokers in the World in 2023:

RoboForex: $1000 minimum deposit, 12,000 leverage

Exness: minimum deposit of $1, initial leverage of 1:2000, maximum deposit of $1, provided that ten positions are opened and at least five lots (500 lots for the cent account) are traded.

Tickmill: $100 USD minimum deposit; leverage Tickmill.EU – until 1:30 or 1:300. To 1:500 on

IC Markets: $200 minimum deposit, 1:1 to 1:500 leverage

AAFX: minimum deposit of $100 USD, maximum leverage of 1:2000

Top 10 Forex Brokers List

PositionBrokerOverall ScoreMin. depositLeverage
1RoboForex9.78$$101:2000Open an accountYour capital is at risk.
2Exness9.71$From $11:2000 at the start, 1:Unlimited under condition of opening 10 positions and trading at least 5 lots (500 lots for the cent account)Open an accountYour capital is at risk.
3Tickmill9.64$100 US dollarsTickmill.EU – to 1:30/1:300. – to 1:500Open an accountYour capital is at risk.
4IC Markets9.57$$200From 1:1 to 1:500Open an accountYour capital is at risk.
75.93% of retail investor accounts lose money when trading CFDs with this provider.
5AAFX9.5$USD 100Up to 1:2000Open an accountYour capital is at risk.
6Pocket Option9.43$$501:1 for trading binary options, up to 1:500 for Forex tradingOpen an accountYour capital is at risk.
7Forex4you9.36$From 0 USDUp to 1:1000Open an accountYour capital is at risk.
8AMarkets9.29$$100 / €100Up to 1:3000Open an accountYour capital is at risk.
9Vantage Markets9.22$$50Up to 1:20 (for CFDs on stocks), up to 1:500 (for currency pairs)Open an accountYour capital is at risk.
10FxPro9.15$100 (USD, EUR, GBP, CHF)Up to 1:200 subject to the jurisdiction. For example, maximum leverage for certain jurisdictions is up to 1:30 for currency pairs.Open an accountYour capital is at risk.
79.27% of retail investor accounts lose money when trading CFDs with this provider.

How to choose the best Forex broker

It can be difficult to narrow down the selection when there are so many brokers available. When choosing the ideal Forex broker for your requirements, keep the following important criteria in mind:

Regulation: You should only open an account with brokers who are governed by significant regulatory bodies such as the FCA, ASIC, NFA, or CySEC. This guarantees that the broker upholds stringent guidelines and safeguards your money.

Commissions and spreads: Examine the commissions and spreads that brokers provide. You can retain more of your trading profit when expenses are lower. Be wary of brokers who advertise extremely tight spreads yet charge markups during trades.

Trading conditions: Verify any limits on trading, leverage options, and margin requirements. Brokers are subject to regulations on the upkeep of margin levels. Select a leverage option based on your level of risk tolerance.

Trading platforms: These should include strong capabilities for analysis and quick trade execution, as well as being easy to use. Backtesting, automated trading, mobile apps, and many order types are important elements to consider. Think about the availability of technical studies, custom indicators, algos, and screening tools, as well as their charting capabilities.

Demo accounts: Demo trading accounts allow you to familiarize yourself with the broker’s services and platform by giving it a try. Verify that sample accounts offer full feature access and live market access.

Customer service: Good brokers make significant investments in providing excellent customer service. Prior to creating an account, test response times by getting in touch with support. Seek for informed agents who are reachable by phone, email, and chat around-the-clock.

Security: The protection of accounts ought to come first. To safeguard your money and information, check brokers utilize 2-factor authentication, SSL encryption (look for the padlock icon and https URLs), segregated bank accounts, and other security precautions.

Reviews from other traders: Reading through the testimonials of a broker’s previous and current customers is one of the greatest methods to assess them. This offers straight, unbiased reviews from traders who have made use of their services and platforms.

Placement in the Traders Union Forex rankings: Our comprehensive review of numerous Forex brokers is an invaluable tool for assessing their caliber. We rigorously assess each platform’s user evaluations and rank them according to more than 100 criteria.

Basic comparisons of the best forex brokers

ExnessTickmillIC MarketsAAFXPocket OptionForex4youAMarketsVantage MarketsFxPro
Trading platformcTrader, MT4, MT5, R MobileTrader, R StocksTrader, R WebTraderExness Trade Terminal, Mobile Trading, MT4, MT5, WebTraderMT4, MT5, Tickmill Mobile AppMT4, cTrader, MT5MT4, MT5, Web platformPocket Option, MT5MT4, Mobile Trading, MT5MT4, MT5, AMarkets AppMT4, MT5, WebTrader, Mobile AppsMT4, Mobile Trading, MT5, cTrader, FxPro Edge
Min deposit$10$1$100$200$100$50No$100$50$100
LeverageFrom 1:1
to 1:2000
From 1:1
to 1:0
From 1:1
to 1:500
From 1:1
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:500
From 1:10
to 1:1000
From 1:1
to 1:3000
From 1:1
to 1:500
From 1:1
to 1:200
Trust managementNoNoYesNoNoNoNoNoNoNo
Accrual of % on the balanceNoNoNoNoNoNoNoNoNoNo
SpreadFrom 0 pointsFrom 0 pointsFrom 0 pointsFrom 0 pointsFrom 0.7 pointsFrom 0 pointsFrom 0.1 pointsFrom 0 pointsFrom 0 pointsFrom 0.1 points
Level of margin call / stop outNoNoNoNoNoNoNoNoNoNo
Execution of ordersMarket Execution, Instant ExecutionMarket Execution, Instant ExecutionMarket ExecutionMarket ExecutionMarket ExecutionMarket ExecutionMarket Execution, Instant ExecutionMarket Execution, Instant ExecutionMarket ExecutionMarket Execution, Instant Execution
No deposit bonusNoNo$30NoNoNoNoNoNoNo
Cent accountsYesYesNoNoNoNoYesNoNoNo

5 Best forex brokers for beginners


One of the best-rated forex brokers on Traders Union is RoboForex. RoboForex is frequently ranked first by beginners because of its extensive feature set and user-friendliness. For instance, they accept 0% transaction commissions and provide copy-trading and demo accounts to let novices enter the market safely and gain knowledge at the same time.


FxPro is a forex broker with full licensing that offers some of the greatest trading tools available. They have attractive spreads on forex, futures, equities, indices, commodities, and energies on their commission-free platform. Beginners will also find it simple to pick up the fundamentals thanks to a comprehensive collection of educational resources and a demo account.


Beginners in the forex market can benefit from a variety of active and passive trading tools provided by Forex4you. The platform is well-liked by traders of all skill levels because of its tight spreads, copy trading, and educational materials. You can test your strategies on a demo or low-risk cent trading account, which only requires 2 cent transactions as minimums.


For those new to forex trading who are searching for a reliable platform on which to learn how to trade, tickmill is yet another fantastic choice. Being regulated by the UK’s premier FCA, Tickmill is unquestionably qualified to be your broker of choice. They also provide free deposits and withdrawals, fast account openings, and some of the lowest spreads available. The clone trading options and demo account are very beneficial to novice traders.


2009 saw the founding of XM Broker. At first, the business only provided intermediary services in the foreign exchange market, catering to a small segment of the trader market. Since then, it has grown and seen significant success. XM is trustworthy and secure. Due to its diversification, it is currently a global broker with operations in nearly 190 nations. Due to its innovative technological solutions, XM Broker has drawn in over 5 million traders over the course of more than ten years. In addition to many other noteworthy accomplishments, the organization is currently recognized as the Best Forex Service Provider and the Fastest Growing Broker.

Best forex brokers: Trading Platforms

BrokerPlatformTrading AppsBest For
RoboForexMT4, MT5, R TraderWeb, Mobile, DesktopTrading Bots
FxProMT4, MT5, cTrader, FxProWeb, Mobile, DesktopMetaTrader Fans
Interactive BrokersTrader WorkstationWeb, Mobile, DesktopProfessionals
TD AmeritradeThinkorswimWeb, Mobile, DesktopTechnical Analysis
eToroeToroWeb, Mobile, DesktopCopy-Trading

Click here to read Best Regulated Forex Brokers of 2023


RoboForex offers support for both its proprietary robot trading software and the potent MT4 and MT5 trading platforms. You’ll value RoboForex’s feature-rich, multi-award winning platform if you’re thinking of setting up a trading bot to assist with trade execution.


FxPro is a secure trading platform for CFDs and forex. It is the best option for MetaTraders and offers cTrader, MT4, and MT5 platforms. It is a well-liked option for both novice and experienced traders due to its adaptability.

Interactive Brokers

Within the professional broker and institutional communities, Interactive Brokers has established a solid reputation. With access to advanced orders and international financial markets, it is a sophisticated product. Upgrade to Interactive Brokers if you require a more advanced brokerage platform for your forex trading.

TD Ameritrade

Since TD Ameritrade is a publicly traded company, trading forex with them is safe. It is unique in other respects even if it does not provide copy trade. Impressive desktop application and technical analysis features make it a great option for traders seeking the best trading environment.


eToro’s superior copy trading functionality is what makes it stand out. Trades across more than 2300 financial products can be copied by traders. If copy trading is your preferred method, eToro offers a wealth of support.

What Forex Brokers are the Best for Beginners?

Beginners may find it difficult to navigate the market and place profitable deals when they are new to Forex trading. For this reason, picking a Forex broker that accommodates novices’ demands is crucial. When selecting a Forex broker for novices, take into account the following factors:

Managed accounts: To help newcomers get off to a strong start, the top brokers provide managed accounts. For novices who lack the time or expertise to handle their own accounts, a managed account is a fantastic choice. An expert trader handles account management and trades on your behalf when you have a managed account.

Copy trading accounts: With copy trading accounts, novices can automatically mimic the deals made by seasoned traders. Making profitable trades and learning about the market can both be greatly aided by this.

Advanced tutorials: To assist traders in learning about trading tactics, risk management, and market analysis, a reputable Forex broker for novices should provide a variety of advanced tutorials. For traders who are new to the market and wish to establish a strong foundation of knowledge, this can be extremely beneficial.

Simple-to-use trading platform: Novice traders who could be intimidated by sophisticated trading tools need a platform that is easy to use. A straightforward and user-friendly trading platform can assist traders in concentrating on making good transactions and honing their craft.

Educational resources: Webinars, video lessons, and market research are just a few of the tools that a decent Forex broker for novices should provide. This can assist traders in keeping abreast of market developments and gradually improving their expertise.

Regulation: It’s critical to pick a Forex broker who is subject to the rules of a respectable financial regulator. This helps guarantee the security of your money and the broker’s morally and transparently run business.

Reputation: A reputable Forex broker in the market is an excellent choice for novices. Assess the reputation and reliability of a broker by reading other traders’ evaluations and ratings.

Generally, in order to select a Forex broker that best suits their needs, novices need take the time to investigate and compare options.

Click here to read What Makes a Great Forex Broker

The world’s top ten largest forex brokers by trading volume

Because trading foreign exchange can be hazardous and complicated, it’s critical to have access to the resources of a premier broker. It takes a lot of investigation and assessment to choose which brokers, out of thousands of worldwide rivals, are the best.

For this reason, at TU, we invest a great deal of time and energy in examining the largest Forex brokers in the globe based on trading volume, providing our clients and readers with unrivaled industry information. To provide a reliable list that appeals to all types of investors, our data-driven ranking algorithm considers many factors such as asset offers, customer service, regulatory oversight, firm size, and technological platform.

The largest forex broker in the world, IC Markets handles close to $10 trillion in trading volume annually. At the moment, IC Markets is active in more than 200 nations. It is also still expanding, with over 200,000 active clients.

How Much Funds Are Necessary for Forex Trading?

The initial investment required to begin trading Forex is determined by a number of variables, such as your trading approach, level of risk tolerance, and broker of choice.

A cent account with a modest deposit, like $10, might be a fantastic approach for a novice who is just beginning to learn how to trade Forex to experiment and acquire experience without risking too much money. But bear in mind that a penny account’s gains and losses will be negligible, thus they might not fairly represent the possible gains and losses of a regular account.

You might want to think about opening a regular account with a deposit of $200 to $500 or more if you want to start trading Forex seriously and possibly make some money. You’ll have more options for trade size and position as a result, and you might even make more money. But bear in mind that there is always risk involved with trading Forex, so you should only use funds that you can afford to lose.

How can I begin trading forex?

Although trading foreign exchange, or Forex, can be a difficult and dangerous enterprise, one can succeed in the market with careful planning and preparation. The essential steps to get started are as follows:

Investigate the markets: Before beginning to trade, it is essential to comprehend the characteristics of the Forex market. Analyzing news, economic statistics, and market developments that may have an impact on currency values is part of this.

Create a trading plan: A trading plan is a collection of guidelines used to make trading decisions. It ought to cover risk management, entry and exit points, and useful indicators.

Select a Forex broker: The broker acts as a go-between for you and the market. Select a reliable broker who provides a platform that meets your demands and is overseen by a credible financial regulator.

Create a trading account: Following your broker selection, you can create a trading account by supplying certain identity documents and finishing the Know Your Customer (KYC) procedure. You can deposit the minimal amount of money needed and select the account type that best fits your trading style.

Make a deposit and begin trading: You can begin trading Forex as soon as you have financed your trading account. As you gain experience, steadily increase your investment from a minimal starting point.

Create a risk management plan: Trading requires effective risk management. To reduce losses and safeguard your wealth, create a plan that incorporates stop-loss orders, position sizing, and risk-reward ratios.

Trade observation: Keep a careful check on your transactions and be ready to modify your approach as needed. Keep an eye out for events and news in the market that could impact currency values, and modify your trades accordingly.

How Can You Tell If a Forex Broker Is Reputable?

It’s crucial to conduct due diligence to ensure that the forex broker you select is reliable and trustworthy because they might be both genuine and dishonest. Finding out if a Forex broker is subject to regulation by a respectable financial regulatory body is one approach to verify their validity. Here’s how to determine whether a Forex broker is regulated, step-by-step:

Check the broker’s website for the following regulatory information: The majority of trustworthy Forex brokers will prominently display on their website the regulatory details that are required to operate, such as their license number and the name of the regulatory body that issued it. Usually, the website’s “About Us” or “Regulation” sections contain this information.

Verify the regulatory authority: After locating the regulatory data, confirm its legitimacy and reputation by verifying the regulatory authority. The Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (UK) are a few well-known regulating bodies for Forex brokers.

Visit the website of the relevant authority: Check if the broker is identified as a licensed entity by visiting the regulatory authority’s website. You can check a public database of licensed brokers that is kept up to date by most regulatory authorities for free.

Contact the regulatory body: You can verify a broker’s license and ask any questions you may have by getting in touch with the regulatory authority directly if you are unsure or concerned about their regulatory status.

Examine internet reviews: Discover other traders’ experiences with the broker by reading their online reviews. Search for reviews on reliable websites, in social media, Forex forums, and other reliable sources.

Seek for transparency: Reputable brokers ought to be open and honest about all relevant information, including trading terms, costs, leverage restrictions, and account funding and withdrawal procedures. They should have easy-to-find contact information. Transparency issues could point to fraud.

Check the trading platform: Reputable brokers utilize MT4 and other well-known third-party platforms. Brokers who use obscure or proprietary platforms should be avoided as they may make it impossible to access your account.

Start modest: Before transferring big quantities, try a small deposit and withdrawal first. Simple deposits compared to complex withdrawals may point to a problem.

You can find out if a Forex broker is regulated and reputable by doing the following procedures.

Can Forex Help Me Become Rich?

Though it’s crucial to realize that Forex trading is not a get-rich-quick scam, it is possible to make a lot of money with it. In actuality, the majority of novice traders end up losing money, whereas successful traders typically have years of discipline, training, and expertise under their belts.

It takes extensive knowledge of the markets, trading tactics, risk management, and psychology to become a profitable Forex trader. In addition to creating a sound trading strategy, you must approach the markets with discipline, patience, and an openness to learning from your errors.

Making steady earnings in Forex trading is achievable with the appropriate information, abilities, and attitude. Years of experience and knowledge allow professional traders to generate returns of up to 50 percent a month or more, but these are exceptional profits that need a great deal of talent, work, and commitment.

When you first start out, it’s crucial to view Forex trading as a learning process and to have a realistic understanding of the possible dangers and benefits. Starting with a modest trading account and progressively increasing your knowledge and self-assurance over time is a smart choice. You can become a profitable Forex trader and possibly earn a good living with practice and persistence, but it’s crucial to have patience and set reasonable expectations.

George Soros:

Everyone is aware of George Soros’s role in the Bank of England crisis. He fled the Nazis after being born in Hungary in 1930 and relocated to England. He is the world’s most successful and adaptable trader. From 1973 to 2011, he worked as a hedge fund manager. He wagered against the British Pound in 1992, and the result was a $1 billion fortune. In value, he is $6.7 billion.

David Tepper:

Probably the best hedge fund manager is David Tepper. He entered the investment industry as soon as he received his honors degree in economics. His first role was credit analyst. Additionally, he was successful in purchasing bonds from banks that were about to fail. Afterwards, he established Tepper’s Appaloosa, a hedge fund that manages $15 billion in assets. In value, he is $20.6 billion.

Click here to read How to choose the best Forex broker


Who is the world’s largest FX broker?

IC Markets is a reputable forex broker that is well-known and well-liked in the market.

Who is the wealthiest broker in Forex?

With a net worth of more than $7 billion, Paul Tudor Jones is regarded as the richest forex broker. He manages hedge funds and has long been a participant in the FX market.

Who is the world’s top Forex broker?

Paul Tudor Jones and George Soros, two of the most renowned and successful forex traders, have a track record of handling substantial amounts of money and trading profitably in the forex market.

Could a forex trader become wealthy?

It is true that a forex trader can get wealthy by making large earnings from profitable deals. Trading forex gives traders the chance to profit from currency purchases and sales based on changes in the market. It’s crucial to remember that there are dangers and losses involved with FX trading.

Which forex broker holds the top spot globally?

One of the best-rated forex brokers on Traders Union is RoboForex.

Which broker is the most reliable?

FxPro is a forex broker with full licensing that offers some of the greatest trading tools available.

Which forex broker is the fastest?

Beginners in the forex market can benefit from a variety of active and passive trading tools provided by Forex4you.

Which forex broker is ideal for novices?

Depending on the specific characteristics you’re searching for. For novices, RoboForex, FxPro, eToro, Forex4you, and Tickmill are all excellent options.

What are the forex trading hours?

Five days a week, 24 hours a day, forex trading is available.

How can someone begin trading forex?

Create an account with one of the trustworthy brokers listed on Traders Union. Before trading with real money, investigate several trading methods and give them a try on a demo account.

How much cash is required to begin trading forex?

You can start an account with just $1 with certain brokers. Others, nevertheless, can demand a $100–1000 minimum deposit.

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