⭐ Forex Brokers List 2020

Forex broker Country Regulation Popularity
Journal
12Trader SVGnot regulated⬤ average12Trader
AAAFx GreeceHCMC⬤ averageAAAFx
AAATrade CyprusCySEC, FCA⬤ low visitsAAATrade
AAFX SVGnot regulated⬤ averageAAFX
Abshire-Smith UKFCA⬤ low visitsAbshire-Smith
ActivTrades UKFCA, SCB⬤ top visitedActivTrades
ACY Securities AustraliaASIC⬤ averageACY Securities
Admiral Markets UKFCA, CySEC, EFSA, ASIC⬤ top visitedAdmiral Markets
Advanced Markets Cayman Isl.ASIC⬤ low visitsAdvanced Markets
AGEA MontenegroSCMN⬤ averageAGEA
Alfa Financial UAECentral Bank⬤ low visitsAlfa Financial
Alfa Financials South AfricaFSCA⬤ least visitedAlfa Financials
Alpari MauritiusFCS⬤ top visitedAlpari
Amenda Markets LatviaFCMC, FCA⬤ averageAmenda Markets
ArgusFX CyprusCySEC⬤ low visitsArgusFX
AssetsFX Marshall Isl.not regulated⬤ low visitsAssetsFX
ATC Brokers Cayman Isl.CIMA, FCA⬤ low visitsATC Brokers
ATIORA SVGnot regulated⬤ low visitsATIORA
AvaTrade BVIASIC, FSC, FSA, FSCA, Central Bank⬤ averageAvaTrade
Axiory BelizeIFSC⬤ top visitedAxiory
AxiTrader SVGFCA, DFSA, ASIC⬤ top visitedAxiTrader
BAXTER-FX AustraliaASIC⬤ low visitsBAXTER-FX
BDSwiss SeychellesFSA, FSC, NFA CySEC, BaFin⬤ averageBDSwiss
BlackBull Markets USFSPR⬤ low visitsBlackBull Markets
Blackwell Global UKFCA⬤ least visitedBlackwell Global
Blueberry Markets AustraliaASIC⬤ averageBlueberry Markets
Bulbrokers BulgariaFSC, BNB, CNMV,FCA⬤ low visitsBulbrokers
Capital Index UKFCA⬤ low visitsCapital Index
CapproFx UKnot regulated⬤ low visitsCapproFx
CIBfx SVGnot regulated⬤ low visitsCIBfx
CIM Bank SwitzerlandFINMA⬤ averageCIM Bank
City Credit Capital UKFCA⬤ low visitsCity Credit Capital
CIX Markets UKFCA⬤ low visitsCIX Markets
CLMarkets SVGnot regulated⬤ low visitsCLMarkets
CM Trading SeychellesFSCA⬤ averageCM Trading
CMC Markets UKFCA, ASIC, IIROC, MA, FMA⬤ top visitedCMC Markets
CMSTrader SVGnot regulated⬤ low visitsCMSTrader
Cornertrader SwitzerlandFINMA⬤ low visitsCornertrader
CPT Markets BelizeIFSC⬤ low visitsCPT Markets
CPT Markets UK UKFCA⬤ low visitsCPT Markets UK
Darwinex UKFCA⬤ top visitedDarwinex
DeltaStock BulgariaFSC⬤ averageDeltaStock
Dukascopy Bank SA SwitzerlandFINMA, FCMC, JFSA⬤ top visitedDukascopy Bank SA
easyMarkets CyprusCySEC⬤ averageeasyMarkets
EightCap AustraliaASIC⬤ averageEightCap
eToro CyprusCySEC, FCA, ASIC⬤ top visitedeToro
ETX Capital UKFCA⬤ averageETX Capital
Euro Pacific Bank SVGOCIF Puerto Rico, FSC⬤ averageEuro Pacific Bank
EverFX CyprusCySEC, CIMA, FSA, CNMV, AFM, FI, KNF⬤ low visitsEverFX
Evolve Markets SVGnot regulated⬤ averageEvolve Markets
EXNESS SeychellesFSA, CySEC, FCA⬤ top visitedEXNESS
FBS BelizeIFSC, CySEC⬤ top visitedFBS
FIBO Group BVIFSA, CySEC⬤ averageFIBO Group
Fidelis Capital Markets SVGnot regulated⬤ low visitsFidelis Capital Markets
Financika Vanuatunot regulated⬤ top visitedFinancika
Fondex Bermudanot regulated⬤ low visitsFondex
FOREX.com USCFTC NFA IIROC, FCA, ASIC, MA, FFAJ, CIMA⬤ top visitedFOREX.com
Forex.ee SVGnot regulated⬤ low visitsForex.ee
Forex4you BVIFSC⬤ top visitedForex4you
ForexMart SVGnot regulated⬤ averageForexMart
FortFS SVGnot regulated⬤ averageFortFS
Fortrade CanadaIIROC, FCA, ASIC, NBRB, CySEC⬤ averageFortrade
FP Markets AustraliaASIC, CySEC⬤ low visitsFP Markets
FreshForex SVGnot regulated⬤ averageFreshForex
Fullerton Markets SVGnot regulated⬤ averageFullerton Markets
FW Markets SVGnot regulated⬤ low visitsFW Markets
FXCC CyprusCySEC, VFSC⬤ averageFXCC
FXChoice BelizeIFSC⬤ top visitedFXChoice
FXCM UKFCA, ASIC⬤ top visitedFXCM
FXDD MaltaFSA Malta, FSC, CONSOB Italy, CNMV, KNF⬤ averageFXDD
FXFlat GermanyBaFin⬤ low visitsFXFlat
FXGiants Bermudanot regulated⬤ averageFXGiants
FXGlobe CyprusCySEC⬤ low visitsFXGlobe
FXGlory SVGnot regulated⬤ averageFXGlory
FxNet BelizeIFSC⬤ low visitsFxNet
FxOnUs Marshall Isl.not regulated⬤ low visitsFxOnUs
FXOpen Nevisnot regulated⬤ top visitedFXOpen
FXORO SeychellesFSA⬤ low visitsFXORO
FXPIG VanuatuFSC⬤ low visitsFXPIG
FxPlayer Marshall Isl.not regulated⬤ low visitsFxPlayer
FXPRIMUS CyprusCySEC, FSCA, FSC⬤ averageFXPRIMUS
FxPro UKFCA, CySEC, SCB, FSCA, DFSA⬤ averageFxPro
FXTM MauritiusFSC, CySEC, FCA⬤ top visitedFXTM
GAINSY SVGnot regulated⬤ low visitsGAINSY
GBE brokers CyprusCySEC, BaFin, FCA⬤ low visitsGBE brokers
GCI SVGnot regulated⬤ low visitsGCI
Gerchik Co VanuatuFSC⬤ top visitedGerchik Co
GKFX MaltaFSA Malta, FCA, BaFin, CNMV, AFM, CONSOB Italy, CySEC⬤ low visitsGKFX
GKFX Prime BVIFSC⬤ low visitsGKFX Prime
Global Prime AustraliaASIC, VFSC⬤ averageGlobal Prime
GO Markets AustraliaASIC⬤ averageGO Markets
GQFX BelizeIFSC, SC⬤ averageGQFX
Grand Capital SVGnot regulated⬤ averageGrand Capital
Grinta Invest Marshall Isl.not regulated⬤ low visitsGrinta Invest
GTCM CyprusCySEC, CNMV⬤ averageGTCM
Hantec Markets MauritiusFSC, FCA, ASIC, SC Jordan⬤ low visitsHantec Markets
Hirose UK UKFCA⬤ low visitsHirose UK
HotForex SVGCySEC, FCA, DFSA, FSCA, FSA ⬤ top visitedHotForex
House Of Borse UKFCA⬤ low visitsHouse Of Borse
HYCM UKFCA, CySEC, CIMA, FSA Dubai⬤ averageHYCM
IBKR USCFTC SEC NYSE FINRA SIPC IIROC, FCA, ASIC, CSSF, SFC, SEBI, NSE, BSE, FFA, JSDA⬤ top visitedIBKR
IC Markets AustraliaASIC⬤ top visitedIC Markets
ICM Capital UKFCA⬤ low visitsICM Capital
IFC Markets CyprusCySEC, FSC⬤ averageIFC Markets
iFOREX BVIFSC, CySEC ⬤ top visitediFOREX
IFS Markets AustraliaASIC⬤ Least visitedIFS Markets
IG BermudaBMA Bermuda⬤ top visitedIG
IMMFX SVGnot regulated⬤ low visitsIMMFX
InstaForex BVIFSC⬤ top visitedInstaForex
IronFX Bermudanot regulated⬤ AverageIronFX
ISIKFXTurkeyCMB Turkey⬤ low visitsISIKFX
JCMFX SVGnot regulated⬤ low visitsJCMFX
Juno Markets VanuatuFSC⬤ low visitsJuno Markets
JustForex SVGnot regulated⬤ top visitedJustForex
Key to Markets MauritiusFSC, FCA⬤ averageKey to Markets
Land-FX SVGnot regulated⬤ averageLand-FX
LCG Cayman Isl.CIMA, SCB, CySEC, FCA⬤ averageLCG
LiteForex Marshall Isl.CySEC⬤ top visitedLiteForex
LMAX UKFCA⬤ averageLMAX
MARKETS.COM CyprusCySEC, FSCA, ASIC⬤ top visitedMARKETS.COM
MEX Exchange AustraliaASIC⬤ low visitsMEX Exchange
OANDA USCFTC SEC IIROC, FCA, MA, ASIC, FFAJ⬤ top visitedOANDA
OctaFX SVGnot regulated⬤ top visitedOctaFX
Orbex MauritiusMauritius FSC⬤ averageOrbex
Pepperstone AustraliaASIC, FCA⬤ top visitedPepperstone
Plus500 CyprusCySEC, FCA, ASIC, MA⬤ top visitedPlus500
RoboForex BelizeIFSC⬤ top visitedRoboForex
Royal CyprusASIC, CySEC, CMA Lebanon⬤ low visitsRoyal
Saxo Bank DenmarkFINMA, FSA Denmark, FCA⬤ top visitedSaxo Bank
Swissquote Bank SwitzerlandFINMA, SBA⬤ top visitedSwissquote Bank
TD Ameritrade USFINRA CFTC NFA SEC US ⬤ top visitedTD Ameritrade
ThinkMarkets BermudaFCA, ASIC⬤ averageThinkMarkets
Tickmill UKFCA, CySEC, FSA⬤ top visitedTickmill
TopFX SeychellesFSA⬤ low visitsTopFX
TRADE.com CyprusCySEC, FSCA⬤ averageTRADE.com
Traders Way Dominicanot regulated⬤ top visitedTraders Way
Vantage FX Cayman Isl.CIMA, ASIC, FCA⬤ averageVantage FX
Windsor Brokers CyprusCySEC, IFSC⬤ averageWindsor Brokers
XM UKFCA, CySEC, IFSC, ASIC⬤ top visitedXM
XTB BelizeIFSC, FCA, KNF, CySEC⬤ top visitedXTB

Top visited Forex brokers

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

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).

FSA SVG Forex Brokers - Are They REGULATED?

IBCs are incorporated in St. Vincent and the Grenadines by the Financial Services Authority, an autonomous governmental statutory body responsible for the regulation and supervision of the country’s international financial services and non-bank financial services.

IBCs ARE NOT REGULATED entities but are duly registered entities which are required to abide with the provisions of its governing legislation, the International Business Companies (Amendment and Consolidation) Act.

Official source: FSA St. Vincent and the Grenadines

Importance of knowing your Broker: FCA UK warns of clone brokerage firm

June 2020, FCA UK has issued a warning over a broker named UK Forex, operating in the UK, which was found to be a clone of FXOpen broker. The clone broker and their website were shortly closed. It serves as yet another reminder to be on the watch for financial scams. A company that has a seemingly well rounded website, with listed contacts and offices as well as claiming to be trustworthy and regulated (in the latest case, regulated by FCA UK), may still be a long way from being legit.

Forex Regulation in Action: ForexCT under ASIC investigation

ForexCT, holder of the Australian ASIC licence (domiciled in Vanuatu), has come under ASIC investigation as of March 20th, 2019 for allegedly pressuring and clients into losing money, making more deposits as well as encouraging them to execute trades which resulted in loss.

There are no comments given by each side, the trial begins in May, 2019.

Forex Brokers Re-defined

Classification of Forex brokers becomes more "extravagant" with each year:
ECNs, DMAs, STPs, A-brokers, B-brokers, Hybrids, the simplest all-mighty Marker makers to name a few...

The Forex brokers world never gets tired of being inventive.

The stimulus is, of course, the enormous competition for clients and their deposits.

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