⭐ 2021 Forex Brokers List

Forex broker Country Regulation Popularity
Journal
SeychellesFSA low visits10tradeFX
SVGnot regulated average12Trader
SeychellesFSA low visits4T
SVGnot regulated average7Bforex
GreeceHCMC averageAAAFx
CyprusCySEC low visitsAAATrade
SVGnot regulated averageAAFX
UKFCA low visitsAbshire-Smith
VanuatuVFSC low visitsAccentForex
CyprusCySEC, FSC averageAccuIndex
UKFCA, SCB top visitedActivTrades
AustraliaASIC, VFSC averageACY Securities
UKFCA, CySEC, EFSA, ASIC top visitedAdmirals
SVGnot regulated low visitsAdroFx
UAECB, FCA, SFC top visitedADSS
Cayman Isl.ASIC low visitsAdvanced Markets
AustraliaASIC, FCA low visitsAETOS
MontenegroSCMN averageAGEA
UKFCA low visitsAl-Awal
UAECB low visitsAlfa Financial
South AfricaFSCA least visitedAlfa Financials
SVGnot regulated least visitedAlkimiya Markets
MauritiusFCS top visitedAlpari
SVGnot regulated averageAlphaFX Markets
SeychellesFSA averageAlvexo
SVGnot regulated averageAMarkets
Vietnamnot regulated averageAMEGA
LatviaFCMC averageAmenda Markets
CyprusCySEC avergaeAMP Global
BelizeIFSC averageAnzo Capital
CyprusCySEC low visitsArgusFX
SVGnot regulated averageAron Groups
CyprusCySEC low visitsARUM Capital
Marshall Isl.not regulated low visitsAssetsFX
Cayman Isl.CIMA low visitsATC Brokers
MauritiusFSC, FCA, CySEC, ESMA EU averageATFX
BelizeIFSC least visitedAtlasForex
BVIASIC, FSC, FSA, FSCA, CBI averageAvaTrade
SVGnot regulated averageAXES
SVGFCA, DFSA, ASIC top visitedAxi
BVIFSC averageAximTrade
BelizeIFSC top visitedAxiory
SVGnot regulated low visitsAZAforex
AustraliaASIC low visitsBAXTER-FX
BVIFSC low visitsBCR
SeychellesFSA, FSC, CySEC averageBDSwiss
SeychellesFSA low visitsBlackBull Markets
UKFCA least visitedBlackwell Global
MaltaMFSA least visitedBlue Suisse
Australia, VanuatuASIC, VFSC averageBlueberry Markets
New Zealandnot regulated low visitsBrightWin Securities
BulgariaFSC, BNB low visitsBulbrokers
SVGnot regulated averageCabana Capitals
UKFCA low visitsCapital Index
MauritiusFSC low visitsCapital Street FX
CyprusFCA, CySEC top visitedCapital.com
SeychellesFSA low visitsCapitalix
SVGnot regulated averageCapitalXtend
UKnot regulated low visitsCapproFx
SVGnot regulated low visitsCedarFX
MauritiusFSC averageCFI Financial Group
SVGnot regulated low visitsCIBfx
SwitzerlandFINMA averageCIM Bank
UKFCA low visitsCity Credit Capital
UKFCA, ASIC, MA averageCity Index
UKFCA low visitsCIX Markets
AustraliaASIC, FINTRAC averageCJC Markets
SeychellesFSA averageClickTrades
SVGnot regulated low visitsCLMarkets
SeychellesFSA, FSCA averageCM Trading
UKFCA, ASIC, IIROC, MA, FMA top visitedCMC Markets
SVGnot regulated low visitsCMSTrader
SVGnot regulated low visitsCommerceWealth
UKFCA low visitsCore Spreads
SwitzerlandFINMA low visitsCornertrader
BelizeIFSC low visitsCPT Markets
UKFCA low visitsCPT Markets UK
UKFCA top visitedDarwinex
Marshall Isl.not regulated low visitsDaxbase
SeychellesFSA low visitsDBinvesting
UKnot regulated low visitsDeltaFX
BulgariaFSC averageDeltaStock
Malta, MalaysiaFSA, FSA, FSC, FSC highDeriv
PortugalCMVM low visitsDIF Broker
VanuatuVFSC least visitedDoo Prime
SwitzerlandFINMA, FCMC, JFSA top visitedDukascopy Bank SA
CyprusCySEC averageeasyMarkets
AustraliaASIC averageEightCap
SVGnot regulated averageEMD Forex
JordanSC averageEquiti
SeychellesFSA low visitsErrante
SeychellesFSA low visitsETO Markets
CyprusCySEC, FCA, ASIC top visitedeToro
UKFCA averageETX Capital
SVGOCIF, FSC averageEuro Pacific Bank
Marshall Isl.FSCA low visitsEurotrader
CyprusCySEC, CIMA, FSA low visitsEverFX
SVGnot regulated averageEvolve Markets
CyprusCySEC, FCA, SFC averageEXANTE
SeychellesFSA low visitsExclusive Markets
SeychellesFSA, CySEC, FCA top visitedEXNESS
BelizeIFSC, CySEC top visitedFBS
BVIFSC, CySEC averageFIBO Group
SVGnot regulated low visitsFidelis Capital Markets
Vanuatunot regulated top visitedFinancika
VanuatuFCS low visitsFinmaxFX
SeychellesFSA top visitedFINQ
Bermudanot regulated low visitsFondex
USCFTC NFA IIROC, FCA, ASIC, MA, FFAJ, CIMA top visitedFOREX.com
SVGnot regulated low visitsForex.ee
BVIFSC top visitedForex4you
VanuatuVFSC averageForexChief
IndonesiaBAPPEBTI averageFOREXimf
SVGnot regulated averageForexMart
Russianot regulated low visitsForexStart
UKFCA least visitedForexVox
SVGnot regulated averageFortFS
CanadaIIROC, FCA, ASIC, NBRB, CySEC averageFortrade
AustraliaASIC, CySEC low visitsFP Markets
SVGnot regulated averageFreshForex
SVGFSA low visitsFT Markets
SVGnot regulated averageFullerton Markets
SVGnot regulated low visitsFundiza
CyprusCySEC, VFSC averageFXCC
SeychellesFSA least visitedFXCentrum
BelizeIFSC top visitedFXChoice
UKFCA, ASIC top visitedFXCM
MaltaFSA, FSC averageFXDD
GermanyBaFin low visitsFXFlat
Bermudanot regulated averageFXGiants
CyprusCySEC low visitsFXGlobe
SVGnot regulated averageFXGlory
CyprusCySEC, FSP averageFXGM
BelizeIFSC low visitsFxNet
Marshall Isl.not regulated low visitsFxOnUs
Nevisnot regulated top visitedFXOpen
UKFCA top visitedFXOpen UK
SeychellesFSA low visitsFXORO
VanuatuVFSC low visitsFXPIG
Marshall Isl.not regulated low visitsFxPlayer
CyprusCySEC, FSCA, VFSC averageFXPRIMUS
UKFCA, CySEC, SCB, FSCA, DFSA averageFxPro
MauritiusFSC, CySEC, FCA top visitedFXTM
AustraliaASIC low visitsFXTRADING
CyprusCySEC top visitedFxview
CyprusCySEC, BaFin, FCA low visitsGBE brokers
SVGnot regulated low visitsGCI
VanuatuVFSC top visitedGerchik Co
SVGnot regulated least visitedGetzCapital
MaltaFSA low visitsGKFX
BVIFSC low visitsGKFX Prime
AustraliaASIC, VFSC averageGlobal Prime
AustraliaASIC averageGO Markets
SeychellesFSA low visitsGo4rex
BelizeIFSC, SCB averageGQFX
SVGnot regulated averageGrand Capital
Marshall Isl.not regulated low visitsGrinta Invest
CyprusCySEC, CNMV averageGTCM
SeychellesFSA low visitsGULF BROKERS
MauritiusFSC, FCA, ASIC, SC low visitsHantec Markets
SVGnot regulated low visitsHextra Prime
UKFCA low visitsHirose UK
SVGCySEC, FCA, DFSA, FSCA, FSA top visitedHotForex
UKFCA low visitsHouse Of Borse
IndonesiaBAPPEBTI low visitsHSB
SVGnot regulated top visitedHugos Way
UKFCA, CySEC, CIMA, FSA averageHYCM
USCFTC SEC FINRA SIPC IIROC, FCA, ASIC, CSSF, SFC, SEBI, NSE, BSE, FFAJ, JSDA top visitedIBKR
AustraliaASIC top visitedIC Markets
MalaysiaFSA averageICE FX
UKFCA low visitsICM Capital
CyprusCySEC, FSC averageIFC Markets
BVIFSC, CySEC top visitediFOREX
AustraliaASIC least visitedIFS Markets
South AfricaFSCA averageIFX Brokers
BermudaBMA top visitedIG
SVGnot regulated low visitsIMMFX
BahamasSCB, FSCA averageINFINOX
SVGASIC top visitedINGOT Brokers
BVIFSC top visitedInstaForex
GibraltarGFSC, FCA low visitsIntertrader
New Zealandnot regulated low visitsInvestAZ
BelizeIFSC averageInvestMarkets
Bermudanot regulated averageIronFX
TurkeyCMB low visitsISIKFX
SVGASIC averageIV Markets
CyprusCySEC, VFSC low visitsJFD
VanuatuVFSC low visitsJuno Markets
CyprusCySEC averageJust2Trade
SVGnot regulated top visitedJustForex
Turkeynot regulated least visitedKaleFX
MauritiusFSC, FCA averageKey to Markets
SingaporeMA low visitsKGI Securities Singapore
SVGnot regulated least visitedKitco Markets
SVGnot regulated averageLand-FX
Marshall Isl.not regulated low visitsLarson and Holz
SeychellesFSA low visitsLBLV
Cayman Isl.CIMA, SCB, CySEC, FCA averageLCG
New Zealandnot regulated low visitsLCM-FX
VanuatuVFSC, CySEC top visitedLegacyFx
CyprusCySEC top visitedLibertex
CyprusCySEC averageLIRUNEX
Marshall Isl.CySEC top visitedLiteForex
UKFCA, CySEC averageLMAX
SVGnot regulated averageLMFX
Marshall Isl.not regulated top visitedLQDFX
SeychellesFSA averageM4Markets
CyprusCySEC, FSCA top visitedMARKETS.COM
SeychellesFSA least visitedMarkets.Online
VanuatuFSC low visitsMerit Forex
AustraliaASIC low visitsMEX Exchange
VanuatuVFSC low visitsMFM Securities
IndonesiaBAPPEBTI low visitsMIFX
SeychellesFSA low visitsMilton Markets
SVGnot regulated low visitsMocaz Financial Markets
VanuatuVFSC, CIMA averageMoneta Markets
SVGnot regulated top visitedMTrading
BVIFSC, DFSA top visitedMultiBank Group
SVGnot regulated top visitedNAGA
SVGnot regulated low visitsNBH Markets
CyprusCySEC least visitedNICOFX
VanuatuVFSC, CySEC top visitedNordFX
SVGnot regulated averageNPBFX
MaltaMFSA low visitsNSBroker
MaltaFSA averageNSFX
USCFTC SEC IIROC, FCA, MA, ASIC, FFAJ top visitedOANDA
SVGnot regulated top visitedOctaFX
AustraliaASIC low visitsOliveFX
SVGnot regulated highOlymp Trade
New ZealandFMA low visitsOMF
UKFCA, FSCA, ASIC low visitsOne Financial Markets
MauritiusFSC averageOrbex
SVGnot regulated top visitedOspreyFX
New ZealandFSPR low visitsPacific Financial Derivatives
SeychellesFSA averagePacific Union
AustraliaASIC, FCA top visitedPepperstone
UKFCA low visitsPhillipCapital UK
CyprusCySEC, FCA, ASIC, MA top visitedPlus500
UKFCA low visitsPrice Markets
Belizenot regulated low visitsProfiforex
AustraliaASIC low visitsRakuten Securities
Nigerianot regulated averageRally Trade
SVGnot regulated low visitsRange Markets
SVGnot regulated low visitsRannForex
LatviaFCMC low visitsRenesource Capital
BelizeIFSC top visitedRoboForex
New ZealandFSPR averageRockfort Markets
CyprusCySEC, ESMA EU averageROInvesting
CyprusCySEC, ASIC, CMA, FCS low visitsRoyal
SVGFINTRAC averageSamtrade FX
DenmarkFINMA, FSA, FCA top visitedSaxo Bank
SwedenFI low visitsScandinavian Capital Markets
SVGnot regulated low visitsSCHATZ Markets
Belize, CyprusIFSC, CySEC averageScope Markets
IrelandCBI, FSC, FSA low visitsSentry Derivatives
SVGnot regulated low visitsSeven Star FX
BVIFSC averageSGT Markets
SVGnot regulated top visitedSimpleFX
CyprusCySEC, FSA low visitsSkilling
CyprusCySEC, FSA averageSquaredFinancial
BelizeIFSC top visitedSuperForex
Italynot regulated least visitedSwing Markets
KuwaitKCCI low visitsSwiss FS
SwitzerlandFINMA, SBA top visitedSwissquote Bank
KuwaitCMA low visitsSword Capital
USFINRA CFTC NFA SEC US top visitedTD Ameritrade
VanuatuVFSC top visitedtegasFX
CyprusCySEC low visitsTeleTrade
UKFCA low visitsTeraFX
BermudaFCA, ASIC top visitedThinkMarkets
UKFCA, CySEC, FSA top visitedTickmill
VanuatuVFSC averageTifia
BahamasSCB, FCA, SFC low visitsTigerWit
VanuatuVFSC top visitedTitan FX
VanuatuVFSC, ASIC, FMA top visitedTMGM
Cyprus, SeychellesCySEC, FSA averageTopFX
CyprusCySEC low visitstrade.Berry
CyprusCySEC, FCA low visitsTRADE.com
Marshall Isl.ASIC, CySEC averageTrade360
CyprusCySEC least visitedTradeApp
CyprusCySEC low visitsTradeFW
UKnot regulated low visitsTradeFxP
CyprusCySEC low visitsTradeo
Bermuda, CyprusBMA, CySEC averageTraders Trust
Dominicanot regulated top visitedTraders Way
Cayman Isl.CIMA averageTradeview
UKFCA, FSC top visitedTrading 212
SVGnot regulated low visitsTradize
Mauritius, CyprusFSC, CySEC averageTrioMarkets
LebanonCMA low visitsTrust Capital
BelizeIFSC low visitsTryMarkets
Seychellesnot regulated low visitsTurnkey Forex
CyprusCySEC averageUFX
Marshall Isl.not regulated low visitsUmarkets
Mauritiusnot regulated averageUNFXB
Azerbaijannot regulated low visitsUniforex
Marshall Isl.not regulated averageUniglobe Markets
South AfricaFSP low visitsUnum Capital
UKFCA, FSA low visitsValutrades
Cayman Isl.CIMA, ASIC, FCA, FSC averageVantage FX
UKFCA low visitsVARIANSE
UKASIC, FCA least visitedVelocity Trade
IndonesiaBKDI low visitsVictory International Futures
Cayman Isl.CIMA, ASIC averageVT Markets
SVGnot regulated low visitsW7BT
SVGnot regulated low visitsWesternFX
LuxembourgCSSF, FSMA, NBB low visitsWH SelfInvest
CyprusCySEC, IFSC averageWindsor Brokers
BVIVFSC low visitsWorld Forex
CyprusCySEC, FSC low visitsXGLOBAL
UKCySEC, IFSC, ASIC, FCA top visitedXM
BelizeIFSC, FCA, KNF, CySEC top visitedXTB
BelizeIFSC averageXtrade
Marshall Isl.not regulated low visitsXtreamForex
SeychellesFSA low visitsYadix
SeychellesFSA, FCA averageZFX

Top visited Forex brokers

"Top visited" does not automatically mean "Most popular choice" among Forex traders. These brokers are definitely most searched for and compared to, but not necessarily become traders' final choice.

Average visits Forex brokers

Normal visitor activity. Are normally considered and compared by Forex traders, although less often than Top visited brokers.

Low visits Forex brokers

Known to be less visible in general and/or newly established. Usually discovered by Forex traders due to certain features, advantages or promotions being offered.

*Forex Brokers who work exclusively with Professional and Institutional clients would also see "low visits" simply due to high deposit requirements (among other factors).


⭐ HOW TO CHOOSE A FOREX BROKER in 5 Steps?


Brokers always choose You, but how to choose Them?
Brokers always choose You, but how to choose Them?


1

"Quick Start" Search

The very minimum every trader needs to know:

  1. How much will you deposit?
  2. Does the broker accept clients from your country?
Go to Broker Search Wizard and find your initial match list

2

LIST your "WANTs" to narrow down brokers list

  • Broker type: MM, STP, DMA, ECN?
  • Regulated broker? Investor protection?
  • Trading restrictions: scalping, hedging, news trading?
  • Preferred trading platform?
  • Leverage?
  • Lot size?
  • Trading costs: spread, commission?
  • Funding method?
  • Traded markets besides Forex (cryptos, indices, commodities)?
There could be a few important points, or many... There is no "right or wrong" approach

3

DIG DEEPER

  • Google reviews about Forex brokers you are strongly considering
  • Avoid Red Flags, there are plenty...
  • If in doubt and/or the Broker is a small company, do extra steps:
    • Check their physical address in Google maps
    • Write an email to customer service (for example: at which Bank client funds are held?)
    • Test chat, call center to confirm business "well-being"
    • Verify business/regulation licenses directly at websites of licensing Authorities

4

DO READ CLIENT AGREEMENT

Besides standard terms, it contains key information about:

  • Broker's legal address
  • Broker's dealing model
  • Conflict of interests (if any)
  • Negative balance protection
  • Inactivity fees
  • Prohibited activities & scalping policies
Also check other legal documents: Risk Disclosure, Terms & Conditions, Conflict Policy, RTS-forms & reports to find out about liquidity providers and detailed execution policies

5

Give it a test run

  • 1. Demo first = test platform & instruments
  • 2. Deposit the smallest possible amount = test account opening
  • 3. Trade for at least 1 week = test live execution, live spreads & overall performance (Live trading always differs from Demo)
  • 4. Request a withdrawal = ensure you get paid & in a timely manner
  • 5. If all passed, congratulations! Proceed to depositing more & full steam ahead!


⭐ Choose the BEST SAFEST Forex Broker & Avoid RED FLAGS


Not all Forex brokers are the same, get your skis ready...
Not all Forex brokers are the same, get your skis ready...


Obstacle course:

huge deal, avoid entirely
serious deal, avoid
warning sign, proceed with caution
bad business practice, keep in mind

LEGAL DOCUMENTS & REGISTRATION


No Client Agreement

No Client Agreement on the website, and no Client Agreement at any stage of account opening (before, during or after).
It won't be wise to begin with account registration without knowing what conditions you're signing up to

The Broker is not regulated

Non-regulated Forex brokers are able to offer more attractive trading conditions, due to no regulatory oversight. And since Forex Market has no centralized regulation as well, by entrusting their funds to non-regulated Forex brokers traders have zero protection against any business misconduct by such brokers

Registered but not regulated

The broker is legally registered, but not regulated (either due to absence of Forex regulation in its jurisdiction, or by own choice). Offshore companies are known to fall under this category

Inadequate Client Agreement

An "oversimplified" inadequate Client Agreement, missing key details about execution policies, client funds management, conflict of interest etc, and without references to other legal documents... puts under question broker's transparency

Registration/ regulation undisclosed

Broker's website does not contain any details (or documents) about company registration and/or regulation. Every legitimate business is registered at its domestic jurisdiction. For a Forex broker in particular, omitting details about registration & regulation entirely is a bad practice


🏆 FINISH LINE: Would you trust your money to a Bank that misses out on the points above?


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