Forex Online Brokers is here to help you decide exactly which Forex broker to choose as your trusted trading partner. With the insight of our readers from across the whole world and the in depth research of our experts we have created a database of the best, most trustworthy and technologically advanced brokers according to categories: Metatrader, Beginner friendly, Copy Trading, Crypto Trading as well as country specific online brokers below.

WHERE DO YOU WANT TO PLACE A TRADE TODAY?

Metatrader Forex Brokers

BrokersMin DepositRegulation  
$10CySEC. FCA. FSCMT4, MT5
$1FSCMT4, MT5
$5CySECMT4, MT5
$500FCA, SCBMT4, MT5
$0Bafin, CNMV, CySECMT4

Forex Brokers For Beginners

BrokersMin DepositRegulationMax Leverages 
$200ASIC, MiFID, CySEC, FCA1:500
$100ASIC, MiFID, CySEC, FCA, FSB1:30
$200ASIC, CySEC, FCA, MiFID1:30
AnyFSC1:1000
$50CFTC, NFA1:50

Forex Brokers For Copy Trading

BrokersMin DepositRegulationMax Leverages 
$200ASIC, CySEC, FCA, MiFID1:30
$200ASIC, FCA1:500
$5CySEC1:500
$100ASIC, BVI, CBI, FSCA1:30

Forex Brokers For Crypto Trading

BrokersMin DepositRegulationsMax Leverages 
$200ASIC, CySEC, FCA, MiFID1:30
$1CySEC, IFSC1:3000
$5CySEC1:500
$10CySEC, FCA, FSC1:30
$100CySEC, FSCA, VFSC1:500

Australian Forex Brokers

BrokersMin DepositRegulationsMax Leverages 
ICMarkets$200ASIC, FSA1:500
$200ASIC, FCA1:500
Admiral Markets$200ASIC, CySEC, FCA, MiFID1:500
Plus500$100ASIC, CySEC, FCA, FSB, ISA1:30
FpMarkets$100ASIC1:500

Canadian Forex Brokers

BrokersMin DepositRegulationsMax Leverage 
$50AMF, ASIC, BaFin, CONSOB1:30
$200FCA1:30
$50CFTC, NFA1:50
$1CFTC, DFSA, FSA, IIROC, MAS, NFA1:50
$100ASIC, BVI, CBI, FSCA1:30

South Africa Forex Brokers

BrokersMin DepositRegulationsMax Leverages 
FXCM$50AMF, ASIC, BaFin, CONSOB, FCA, 1:30
Plus500$100AMF, ASIC, BaFin, CONSOB, FCA, 1:30
FBS$1CySEC, IFSC1:3000
FXTM$10CySEC, FCA, FSC1:30
Etoro$200ASIC, CySEC, FCA, MiFID1:30

UK Forex Brokers

BrokersMin DepositRegulationMax Leverages 
$0BaFin, CNMV in Spain, CySEC1:200
$100ASIC, CySEC, FCA, FSB, ISA1:30
$10CySEC, FCA, FSC1:30
$200FCA1:30
$100CySEC, DFSA, FCA, FSCA, SCB1:500

US Forex Brokers

BrokersMin DepositRegulationMax Leverage 
$250CFTC, NFA1:50
$50CFTC, NFA1:50
$1CFTC, DFSA, FSA, IIROC, MAS, NFA1:50
$250CFTCN/A
$500CFTC, FCA, NFA, SEC1:4

International Forex Brokers

BrokersMin DepositRegulationMax Leverage 
$250CFTC, NFA1:50
$50CFTC, NFA1:50
$1CFTC, DFSA, FSA, IIROC, MAS, NFA1:50
$250CFTCN/A
$500CFTC, FCA, NFA, SEC1:4

CHOOSING A FOREX BROKER

First of all, you should not take the risk of placing a deposit with an unregulated broker. It is not the safest thing that a professional trader can do. If there is a warning alerting traders not to transact with a broker, simply keep off and respect what the authorities are saying no matter how attractive the deal is.

Regulation

Countries like the US, Japan, Australia among others are the safest for retail Forex traders because they have a strict regulatory framework which protects traders from incurring losses in the hands of unregulated brokers. Even the FCA which regulates brokers in the UK are reliable and if you can find a broker who is regulated either in the UK, Australia, Japan or the US you can be sure that this broker will not involve themselves in dirty games to make you lose your funds. These brokers are highly supervised and cannot afford to have their licenses revoked for offenses related to mishandling their clients.

Leverages

Australia is one of the main regulators where leverage is not restricted yet. Therefore, if you are still attracted with the idea of trading with high leverage, we recommend that you should look for brokers who are regulated by the ASIC. These brokers must be based in Australia and will guarantee you high leverage according to your needs. You should keep in mind that if you are trading with high leverage, you are risking your account. You should only take this leverage if you know what you are doing and have significant experience trading with a highly leveraged account. Otherwise, we recommend that you trade with low leverage.

Metatrader Facility

Many Forex broker support MT4 platform for trading. This is not a bad thing but you have to consider that this services is common nowadays including those who are properly regulated. So this should not be the reason as to why you are picking an offshore broker for purposes of trading. It won’t be viable in the long run. Most Forex brokers offer MT4, MT5 or both trading platforms. However, you should keep in mind that some brokers provide these services via a third party which could mean something else. There is no reason why a broker should let another company host a metatrader platform for them.

Forex Online Brokers

Forex trading comes with some risk, but your choice of broker shouldn’t be part of that risk. Whether new or experienced, who should you turn to when looking for a broker? ForexOnlineBrokers.com is at your service.

The brokers listed on this page were evaluated on the quality of the trading platform they offered, the ease of use of each platform and the tools it provides. We also considered the commissions and other costs as well as their educational and customer service offerings.

Forex Online Brokers