Top 10 forex brokers in the world 2023 năm 2024
|
| Updated on February 08, 2024 Show With many hundreds of Forex / CFD brokers to choose from globally, finding the right broker for you can seem an impossible challenge. That’s why we at DailyForex keep our team of industry analysts at work, to make choosing the best broker easier for you. Ultra-low trading fees & price improvement technology Fast order execution & transparent trading statistics 12-plugin MT4/MT5 upgrade, Trading Central, & Autochartist Competitive ECN/DMA pricing model, VPS hosting & MAM/PAMM accounts Capitalise AI for code-fee automation of trading strategies & Cryptocrusher Low trading fees & swap rates on leveraged overnight positions Compliant with nine regulators & a spotless operational history Balanced asset selection, including options & Ava Social/DupliTrade for copy traders Excellent asset selection & competitive cost structure FIX API & VPS hosting for algorithmic traders Operational since 2005 & compliant with 10 regulators 1M excess of loss insurance per account underwritten by Lloyd’s of London Best ECN execution on the MT4 platform Excellent implementation of cTrader and Smart Trader Tools User-friendly proprietary platform and MT4 access Excellent selection of cryptocurrencies 74% of retail CFD accounts lose money Best social trading platform on the market Excellent choice of options for crypto traders Get Started 74% of retail CFD accounts lose money 16 payment processors in 16+ currencies, including several cryptocurrencies. High-quality research and educational content for beginners & 24/5 customer support.
< scroll for more details > Regulators CMA, CySEC, FCA, FSC Mauritius, FSCA ASIC, CySEC, FSCA ASIC, CySEC, FCA, SCB ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID FMA, FSA Year Established 2011 2005 2009 2006 2014 Execution Type(s) ECN/STP, Market Maker ECN/STP ECN/STP, Market Maker Market Maker ECN/STP, No Dealing Desk Minimum Deposit $500 $100 $100 $100 $0 Average Trading Cost EUR/USD 0.1 pips 1.1 pips 1.0 pips 0.9 pips 1.3 pips Average Trading Cost GBP/USD 0.2 pips 1.4 pips 1.2 pips 1.5 pips 2.0 pips Average Trading Cost Gold $0.18 $0.21 $0.12 $0.29 $0.90 Trading Platform(s) MetaTrader 4, MetaTrader 5, Proprietary platform MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based MetaTrader 4, MetaTrader 5, Trading View Other, MetaTrader 4, MetaTrader 5, Web-based+ MetaTrader 4, MetaTrader 5, Trading View Islamic Account Negative Balance Protection Visit Website Visit Website Visit Website Visit Website Visit Website FXTM5.0/5 in this category In Summary Best all-around broker with high floating leverage and fast execution We have made FXTM one of our top-rated brokers because in addition to its lengthy track record, it enjoys a very high level of regulation and reputation, and it offers a highly competitive fee structure which tends to keep down the cost of trading.
FP Markets5.0/5 in this category In Summary ECN trading with leverage up to 1:500 fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.
Eightcap4.5/5 in this category In Summary Competitive pricing + excellent daily videos Eightcap established itself among the best Forex brokers due to its superb trading infrastructure, excellent order execution amid deep liquidity, competitive fees, and cutting-edge trading tools. Manual traders get a well-designed AI-powered economic calendar, and Eightcap upgrades MT4 via Capitalise AI, which enables algorithmic trading in a code-free environment. MT5 traders benefit from Flash Trader, while the dedicated cryptocurrency solution Crypto Crusher caters to cryptocurrency traders. Copy traders get the embedded MT4/MT5 services, and Eightcap connects social traders to the active TradingView community. Beginner traders get an outstanding educational and research offering via Eightcap Labs and Eightcap Trade Zone.
AvaTrade4.5/5 in this category In Summary Highly regulated, choice of fixed or floating spreads AvaTrade is one of the largest Forex / CFD brokers and well-known for offering their clients a choice of fixed or floating spreads. They have a very high and strong level of regulation. AvaTrade is directly regulated in Ireland (and by extension, the European Union), Australia, Japan, South Africa, and the British Virgin Islands. Outside the European Union, Ava offers maximum leverage on Forex currency pairs as high as 400 to 1. AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. 2 bonds and 6 ETFs are also on the menu.
BlackBull Markets4.5/5 in this category In Summary Best ECN trading environment, with scalping and hedging BlackBull Markets was founded in 2014 in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions. They are regulated in New Zealand by the Financial Services Providers Register (FSPR) and offer a maximum leverage on some Forex currency pairs as high as 500 to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia. BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.
MultiBank Group4.5/5 in this category In Summary Deep liquidity with no trading restrictions MultiBankFX complies with 10 regulators and operates offices in 20 countries, ensuring clients have an unmatched global network with deep liquidity pools across major financial centers and in core emerging markets. Traders get the MT4/MT5 trading platforms, which fully support algorithmic trading, and a proprietary copy trading service. The asset selection consists of 55+ currency pairs and 20,000+ equity CFDs and ETFs, while cryptocurrency traders get eleven highly liquid coins. MAM/PAMM accounts cater to traditional retail account management, VPS hosting to algorithmic traders, and FIX API trading to advanced trading requirements featuring custom solutions. A high-paying partnership program also exists.
Pepperstone4.5/5 in this category In Summary Great ECN execution on MT4 platform Pepperstone, founded in 2010 and headquartered and regulated in Australia, the U.K., and Dubai, is probably the most well-known ECN Forex broker in the world. As an ECN broker, Pepperstone offer raw spreads and low commissions. Taken together, Pepperstone’s “Razor” account offers one of the most competitive costs of trading in Forex that you will find anywhere. In addition to their global headquarters in Australia, Pepperstone also have presences in London, England, where they enjoy full regulation by the Financial Conduct Authority (FCA), and in Dubai, where they are regulated by the Dubai Financial Services Authority (DFSA).
FXGT4.5/5 in this category In Summary Great mix of Forex and crypto assets South African broker Global GT, founded in 2020, offers the novel approach of combining Forex and cryptocurrency trading under one roof. It supports its business model by accepting cryptocurrencies for both deposit and withdrawal and as account base currencies. With a minimum deposit of $5 and maximum leverage of 1:1000 plus negative balance protection, Global GT offers South African traders a trusted domestic broker with a competitive product and services portfolio. The six-tier dynamic leverage system ensures that risk remains in check and supports traders with their risk management. Traders seeking the best trading conditions at Global GT will get them in the ECN account for a low minimum deposit of $250. Global GT remains a genuine African broker with regulatory licenses from the South African FSCA and the Seychelles FSA plus a capital adequacy ratio of 40%. Both regulators continue to gain confidence from global brokers, offering a competitive mix of trusted regulation and a competitive business environment. Global GT offers traders the out-of-the-box MT5 trading platform and maintains two bonus offers. Global GT delivers on its hybrid Forex-cryptocurrency business model and supplements a competitive choice of cryptocurrencies with synthetic crypto pairs. South African Forex traders looking for a trusted broker with a secure trading environment and choice of cryptocurrency assets alongside Forex should consider Global GT. The trading conditions are competitive, and Global GT remains well-positioned to grow in lockstep with the cryptocurrency market.
eToro4.5/5 in this category 74% of retail CFD accounts lose money In Summary Best broker for social traders and crypto traders : 74% of retail CFD accounts lose money eToro was founded in the early days of the online retail Forex era, in 2007 – this broker occupies a unique space as the king of social and copy trading. eToro has a long track record and unique reputation to protect, although this image is more focused on its copy trading model than on any other individual feature, except maybe its special relationship with cryptocurrencies. eToro is regulated in Cyprus, the U.K., Australia, and the United States although its U.S. offering is firmly differentiated from its offering to the rest of the world. eToro is a leading cryptocurrencies CFD broker. Following its 2019 acquisition of Danish blockchain company Firmo and Belgian crypto portfolio tracker application Delta, it released its cryptocurrency wallet for mobile devices.CFD crypto is not available for users in the US and under FCA regulation.
ACY Securities4.5/5 in this category In Summary Swap-free trading with the MT5 trading platform ACY Securities upgrades MT4/MT5 with Capitalise AI and 15 quality plugins. Capitalise AI supports algorithmic trading in a code-free environment and is the most advanced trading tool available, making ACY Securities one of the best Forex brokers. Low-latency 24/5 market access exists via VPS hosting. Copy traders may use the embedded MT4/MT5 services or diversify via Signal Start and SoFinX. The commission-based trading accounts offer competitive trading fees with raw spreads from 0.0 pips for a commission of $6.00 for ProZero and $5.00 for Bespoke. Traders also benefit from fast order execution under 30ms via 46 liquidity providers.
Making a deposit at a Forex / CFD broker is something you should take seriously. Your first step in seeking the best Forex brokers is to restrict your shortlist to include only the brokers you feel comfortable trusting as a custodian of your money. Ideally, you should only be looking at regulated Forex brokers, and it is advisable to consider the stronger financial centers such as brokers regulated in the U.S.A.., brokers regulated in Cyprus or brokers regulated in the U.K . Consider also whether you would be in a stronger position choosing a Forex broker regulated in the same country in which you live. Your second priority should be determining whether a broker gives value for money to its customers in return for the services it provides. Below is a list of the factors worth using to assess any Forex broker.
MT4 MT5 cTrader Ninja Trader eSignal Pro RealTime Trading Station Automated Trading Yes Yes Yes Yes No Yes Yes Advanced Charts Yes Yes Yes Yes Yes Yes Yes One-Click Trading Yes Yes Yes Yes No No Yes Technical Analysis Yes Yes Yes Yes Yes Yes Yes Fundamental Analysis Yes Yes Yes Yes Yes Yes Yes User-Friendly Interface Yes Yes Yes Yes Yes Yes Yes Trading Alerts Yes Yes Yes No No No Yes Broker Availability Yes Yes Yes No No No No Beginner Friendly Yes Yes Yes No No Yes Yes Demo Version Yes Yes Yes No No Yes Yes Desktop Client Yes Yes Yes No Yes Yes Yes Mobile Application Yes Yes No No No Yes Yes ZuluTrade FXTrader Plus500 xStation LCG Trader JForex Automated Trading No No No No No Yes Advanced Charts No Yes Yes Yes Yes Yes One-Click Trading No Yes No No Yes Yes Technical Analysis No Yes Yes Yes Yes Yes Fundamental Analysis No No No No Yes Yes User-Friendly Interface Yes Yes Yes Yes Yes Yes Trading Alerts Yes No Yes No No No Broker Availability Yes No No No No No Beginner Friendly Yes No Yes Yes Yes No Demo Version Yes Yes Yes Yes Yes Yes Desktop Client No No Yes Yes Yes Yes Mobile Application Yes No Yes Yes Yes Yes
Unfortunately, the Forex industry has historically suffered from scammers setting up unregulated or extremely lightly regulated brokers. These scam brokers tended to use a range of tricks to make their clients lose money, or to make it very difficult for clients to withdraw any funds they deposited. I have taken care to ensure the brokers listed do not fall into this category. There are also various scams which unscrupulous brokers may run quietly to maximize their clients’ losses where possible. You may find a broker which is well regulated and which will return your deposit, but which quietly engages in unfair manipulation. What Does a Regulated Broker Mean? A regulated broker satisfied requirements by the supervising authority to receive an operating license. It includes financial stability, staff training, support infrastructure, risk management, and compliance. Are Forex Brokers Regulated? Many Forex brokers have an operating license from one or multiple regulators, but numerous brokers operate as unregulated entities, including subsidiaries, from well-known brokers. Are Forex Brokers Reliable? Some Forex brokers are reliable, and some are unreliable. The easiest and best way to tell whether a broker is reliable is to check whether they have secured regulatory approval in a major financial center with a good regulatory reputation. What is the Best Website for Forex Trading? Forex brokers offer trading in Forex, not Forex websites, although all brokers have websites. The best Forex broker for you will depend upon how much money you want to deposit, what you want to trade, how often you want to trade, and your overall risk tolerance. Your country of residence and citizenship can also play a role in answering this question. How Do I Choose the Best Forex Broker for Me? Consider what assets you want to trade, what style of trading you want to do (long or short-term), and how much money you wish to deposit. These factors are the most important considerations and applying them will enable you to create a shortlist from brokers which are well-regulated and have good reputations. You can then make your final choice on the nice-to-have factors. What is the Minimum Deposit for Forex? Many Forex brokers require a minimum deposit of $100 or the equivalent, but it is becoming more common to find brokers requiring only $10 or even stipulating no minimum at all. Remember though, that it is very difficult to trade safely with even a micro account unless you deposit at least $100. How Do I Know if My Forex Broker is Regulated? You can tell very easily whether a Forex broker is regulated, as brokers will almost always publish this information prominently on their websites, as it is good marketing to potential customers. You do not have to take a broker’s word that it is regulated by a particular regulatory authority – you can and should check the regulator’s website to ensure the broker in question is listed there as having secured their regulatory approval. What platform do Forex traders use? Most Forex traders use the MT4 trading platform, which is offered by almost every Forex broker, and became the cornerstone of the online Forex trading industry. Can I trade Forex with $10? While some brokers offer trading accounts from $10 or less, sufficient to maintain one micro position, it is not enough to trade Forex. Is trading Forex worth it? Forex trading is worth it if new traders approach it with the same mindset as any other demanding profession. The failure rate, as high as 85%, confirms that most do not take it seriously or have misplaced and unrealistic expectations. Misleading marketing campaigns take partial blame for it. Who is the largest Forex broker? The largest Forex broker by volume traded is currently IC Markets. Who is the best Forex broker for small accounts? FXTM is a Forex CFD broker offering micro accounts and requires a minimum deposit of only $10 or a currency equivalent. Who is the number 1 Forex trader? The person who has made the most money from Forex trading, and who has made some famously profitable Forex trades, is George Soros. What platforms do professional Forex traders use? Bank traders and other institutional traders will typically use platforms such as Bloomberg terminals and bank to bank software, as they are going to be trading with other banks. However, there are private Forex traders making a living from their trading who are using retail platforms such as MetaTrader 4, MetaTrader 5, or cTrader, but they probably are also using technical add-ons, a VPN, and may be looking at other data such as depth of market (DOM) and related futures and other market data. What is the best regulation for Forex brokers? The best regulation for Forex brokers depends on what you think is the best regulation – do you want the strictest, or a more flexible approach that might allow the brokers to offer customers a bit more risk and potential reward? If you want the strictest regulation, look at tier 1 jurisdictions like Australia, Canada, the European Union, Hong King, Japan, Singapore, New Zealand, Switzerland, the United Kingdom, and the United States. Which forex broker is best in world?Best forex brokers in the world. Who is the No 1 forex trader?George Soros He is considered one of the most successful forex traders in history, earning him the nickname "The King of Forex." Soros is known for his bold and aggressive trading style, which has led to some of the biggest gains in currency trading. Which is the richest forex broker in the world?Ray Dalio – The Richest Forex Trader in the World Starting his career in finance, Dalio founded the highly successful hedge fund, Bridgewater Associates. Through his disciplined approach to trading and investment, Dalio has achieved remarkable financial success. Are there any millionaire forex traders?That's why forex billionaires like George Soros, Paul Tudor Jones, and Bruce Kovner all have hedge fund companies. This approach serves as the foundation for embarking on the journey of becoming a forex trader and working towards millionaire status. |
