Top 10 Best Forex Brokers

Forex trading, short for foreign exchange, is a massive global market where trillions of dollars change hands each day. It's a world where currencies are constantly bought and sold, and savvy traders can capitalize on even the slightest fluctuations for a profit. This type of trading has been around for centuries, but online forex trading platforms transformed it into a much more accessible option for everyday folks.

To dive into the world of forex trading, you'll need a key partner - a forex broker. These brokers provide access to the market and the tools to execute trades. Now, you don't need to work for a giant bank or investment firm to participate. But here's the deal: With so many forex brokers out there, picking the right one for your needs can be a challenge.

Think about what you really want from a forex broker. Do you value super-low fees and spreads? Educational resources to help you get started? Maybe you need powerful trading platforms for advanced strategies. Or, rock-solid customer support is your top priority. Each broker has its own strengths and weaknesses, so take some time to figure out what you need most.
The Top Ten

Traded with them for over 5 years, never had a problem. Smooth transactions, good spreads, a good platform, and the best execution rates. I give them 9.5/10.

ECN Broker that offers free signals and allows hedging. FXCM also does not charge a commission.

Very nice trading platform and services.

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I've been with them for a few years now and haven't had any problems. They help you install your custom indicators and resolve any other issues you may have with MT4.

However, they recently upgraded their MT4, and now my indicators won't work. If I can't get them to function - even with their assistance - I'm going to have to switch brokers after all these years, which I would really hate to do. I haven't had any issues with them and have nothing bad to say, but I will be forced to move to another broker if I can't get my indicators back up and running. I'm losing a small fortune. Love 'em.

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3 FxPro

This is the safest broker of all time, primarily because their MT4 displays five candles per week. Many big players use their MT4 to enter trades. If we follow them, we too can become successful traders.

While many brokers offer the same MT4 with five candles per week, we can't compare all brokers to this international broker. As a trader, I recommend that everyone use this broker to become successful by employing a price action strategy with their MT4.

Good marketing strategy, excellent customer service, and easy withdrawal and funding methods. They also offer reliable sponsorship and support, and the spread is good.

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Trading with them for 6 years. No problems.

5 InstaForex

InstaForex is a perfect broker for me. They maintain a fixed spread, which is ideal. I've never had any problems with them, even in fast-moving markets, and I suggest you give them a try.

InstaForex offers several types of accounts, starting with the common demo account that allows a trader to try out the markets and new strategies. Opening a live account with InstaForex is easy. It only took me a minute. As for the trading platform, it is user-friendly and secure.

InstaForex is renowned for their excellent system and services worldwide. Everything they offer is professional in the forex business. From the beginning, their customer service has been very helpful in resolving all my doubts about the forex market.

Their live chat is also very useful. The graphics and analyses are good and easy to understand. You just need to have some basic knowledge of the forex exchange market.


Recommended for professional traders and beginners. It really helped me develop my trading skills.

Great broker, regulated and secure. Offers great trading conditions and easy withdrawal conditions.

Solid, good broker. I have traded through them for 9 months now on different platforms.

7 HotForex

HotForex is an award-winning brand that provides forex and commodities brokerage services. Fully licensed and regulated by CySEC and the FSC, they offer various account types, trading software, and trading tools to facilitate individuals, fund managers, and institutional clients in trading forex and commodities.

HotForex offers an unparalleled trading experience with excellent multilingual support in an effort to provide its clients with every possible trading advantage.

8 Alpari
9 XM

Top broker, superior execution, and excellent support level. Spreads are decent, and platform variety is decent.

10 XTB
The Contenders
11 eToro

Long-lasting relationship in trading.

12 FX-EDGE Trading Venue

Innovative ECN broker with tight spreads and low commissions. They also have an interesting proprietary platform apart from MT4.

13 Pepperstone

Really serious company without any market-maker nonsense, which can be an advantage or disadvantage, depending on your point of view. It has the lowest floating spread I have seen so far.

14 IronFX
15 Global Prime Forex
16 IFC Markets

Actually, one of the best, if not the best, broker.


Fully EU-licensed broker with tight spreads and high leverage. No commissions or fees, plus customer service in multiple languages.

18 XGLOBAL Markets

STP MT4 broker. Refined spreads without any commission or additional charges. One account type without a minimum deposit requirement. All trading strategies are welcome.

I have traded with XGLOBAL Markets and had a good experience. My orders were executed immediately, and my withdrawal was processed immediately.

19 UFX

Great platform with live support and chat with online users.

21 LiteForex

For the first time, I was not sure about joining this broker. However, I decided to try it and started making small gains. Then, I continued to gain more and more profit.

Their customer service is very welcoming. I've never had a problem, and their chart is really stable and fair. I like this broker very much.

This year, LiteForex is improving their quality of service. They have a new bonus system, "next level" and "beyond next level." Inspired by the results of last year, 2013 was the best improvement for LiteForex. All clients have been satisfied with trading with LiteForex.

22 Traders Trust TTCM

ECN/STP Brokers with the lowest spreads on the market! No conflict of interest. This really is a broker on your side.

23 FBS
24 Forex4you
25 JustForex

The first time you join JustForex and start trading with welcome bonus funds, you feel "wow!" It's very impressive and satisfying. The MT4 platform looks slightly different, and the connection with the server is stable.

I am very satisfied with it. I have easily made a profit trading with the bonus funds. Bravo, JustForex!

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