⭐ 2020 Forex Brokers List

Forex broker Country Regulation Popularity
SVGnot regulated average12Trader
SVGnot regulated Average7Bforex
GreeceHCMC averageAAAFx
CyprusCySEC, FCA low visitsAAATrade
SVGnot regulated averageAAFX
UKFCA low visitsAbshire-Smith
UKFCA, SCB top visitedActivTrades
AustraliaASIC averageACY Securities
UKFCA, CySEC, EFSA, ASIC top visitedAdmiral Markets
Cayman Isl.ASIC low visitsAdvanced Markets
MontenegroSCMN averageAGEA
UAECB low visitsAlfa Financial
South AfricaFSCA least visitedAlfa Financials
MauritiusFCS top visitedAlpari
LatviaFCMC, FCA averageAmenda Markets
CyprusCySEC low visitsArgusFX
Marshall Isl.not regulated low visitsAssetsFX
Cayman Isl.CIMA, FCA low visitsATC Brokers
SVGnot regulated low visitsATIORA
BelizeIFSC least visitedAtlasForex
BVIASIC, FSC, FSA, FSCA, CBI averageAvaTrade
BelizeIFSC top visitedAxiory
SVGFCA, DFSA, ASIC top visitedAxiTrader
AustraliaASIC low visitsBAXTER-FX
SeychellesFSA, FSC, NFA CySEC, BaFin averageBDSwiss
New ZealandFSPR NZ, FSA low visitsBlackBull Markets
UKFCA least visitedBlackwell Global
AustraliaASIC averageBlueberry Markets
BulgariaFSC, BNB, CNMV, FCA low visitsBulbrokers
SVGnot regulated AverageCabana Capitals
UKFCA low visitsCapital Index
MauritiusFSC Low visitsCapital Street FX
UKnot regulated low visitsCapproFx
SVGnot regulated low visitsCIBfx
SwitzerlandFINMA averageCIM Bank
UKFCA low visitsCity Credit Capital
UKFCA low visitsCIX Markets
SVGnot regulated low visitsCLMarkets
SeychellesFSCA averageCM Trading
UKFCA, ASIC, IIROC, MA, FMA NZ top visitedCMC Markets
SVGnot regulated low visitsCMSTrader
SwitzerlandFINMA low visitsCornertrader
BelizeIFSC low visitsCPT Markets
UKFCA low visitsCPT Markets UK
UKFCA top visitedDarwinex
BulgariaFSC averageDeltaStock
SwitzerlandFINMA, FCMC, JFSA top visitedDukascopy Bank SA
CyprusCySEC averageeasyMarkets
AustraliaASIC averageEightCap
CyprusCySEC, FCA, ASIC top visitedeToro
UKFCA averageETX Capital
SVGOCIF Puerto Rico, FSC averageEuro Pacific Bank
CyprusCySEC, CIMA, FSA, CNMV, AFM, FI, KNF low visitsEverFX
SVGnot regulated averageEvolve Markets
SeychellesFSA, CySEC, FCA top visitedEXNESS
BelizeIFSC, CySEC top visitedFBS
BVIFSC, CySEC averageFIBO Group
SVGnot regulated low visitsFidelis Capital Markets
Vanuatunot regulated top visitedFinancika
Bermudanot regulated low visitsFondex
SVGnot regulated low visitsForex.ee
BVIFSC top visitedForex4you
SVGnot regulated averageForexMart
SVGnot regulated averageFortFS
CanadaIIROC, FCA, ASIC, NBRB, CySEC averageFortrade
AustraliaASIC, CySEC low visitsFP Markets
SVGnot regulated averageFreshForex
SVGnot regulated averageFullerton Markets
SVGnot regulated low visitsFW Markets
CyprusCySEC, VFSC averageFXCC
BelizeIFSC top visitedFXChoice
UKFCA, ASIC top visitedFXCM
MaltaFSA Malta, FSC, CONSOB Italy, CNMV, KNF averageFXDD
GermanyBaFin low visitsFXFlat
Bermudanot regulated averageFXGiants
CyprusCySEC low visitsFXGlobe
SVGnot regulated averageFXGlory
BelizeIFSC low visitsFxNet
Marshall Isl.not regulated low visitsFxOnUs
Nevisnot regulated top visitedFXOpen
SeychellesFSA low visitsFXORO
VanuatuVFSC low visitsFXPIG
Marshall Isl.not regulated low visitsFxPlayer
MauritiusFSC, CySEC, FCA top visitedFXTM
AustraliaASIC low visitsFXTRADING
SVGnot regulated low visitsGAINSY
CyprusCySEC, BaFin, FCA low visitsGBE brokers
SVGnot regulated low visitsGCI
VanuatuVFSC top visitedGerchik Co
SVGnot regulated least visitedGetzCapital
MaltaFSA Malta, FCA, BaFin, CNMV, AFM, CONSOB Italy, CySEC low visitsGKFX
BVIFSC low visitsGKFX Prime
AustraliaASIC, VFSC averageGlobal Prime
AustraliaASIC averageGO Markets
BelizeIFSC, SCB averageGQFX
SVGnot regulated averageGrand Capital
Marshall Isl.not regulated low visitsGrinta Invest
CyprusCySEC, CNMV averageGTCM
MauritiusFSC, FCA, ASIC, SC Jordan low visitsHantec Markets
UKFCA low visitsHirose UK
SVGCySEC, FCA, DFSA, FSCA, FSA top visitedHotForex
UKFCA low visitsHouse Of Borse
SVGnot regulated Top visitedHugos Way
AustraliaASIC top visitedIC Markets
UKFCA low visitsICM Capital
CyprusCySEC, FSC averageIFC Markets
BVIFSC, CySEC top visitediFOREX
AustraliaASIC Least visitedIFS Markets
BermudaBMA Bermuda top visitedIG
SVGnot regulated low visitsIMMFX
BVIFSC top visitedInstaForex
GibraltarGFSC, FCA low visitsIntertrader
Bermudanot regulated AverageIronFX
TurkeyCMB low visitsISIKFX
SVGnot regulated low visitsJCMFX
VanuatuVFSC low visitsJuno Markets
SVGnot regulated top visitedJustForex
MauritiusFSC, FCA averageKey to Markets
SVGnot regulated averageLand-FX
Marshall Isl.not regulated low visitsLarson and Holz
Cayman Isl.CIMA, SCB, CySEC, FCA averageLCG
VanuatuVFSC averageLegacyFx
CyprusCySEC averageLibertex
UKFCA low visitsLider Forex
Marshall Isl.CySEC top visitedLiteForex
SVGnot regulated averageLMFX
Marshall Isl.not regulated averageLQDFX
New Zealandnot regulated low visitsLUCROR
CyprusCySEC, FSCA, ASIC top visitedMARKETS.COM
AustraliaASIC low visitsMEX Exchange
VanuatuVFSC low visitsMilton Markets
SVGnot regulated low visitsMocaz Financial Markets
SVGnot regulated averageMTrading
SVGnot regulated AverageNBH Markets
VanuatuVFSC, CySEC averageNordFX
SVGnot regulated averageNPBFX
MaltaFSA Malta averageNSFX
SVGnot regulated top visitedOctaFX
UKFCA, FSC, ASIC low visitsOne Financial Markets
MauritiusFSC averageOrbex
New ZealandFSPR NZ low visitsPacific Financial Derivatives
SVGnot regulated averagePaxForex
AustraliaASIC, FCA top visitedPepperstone
UKFCA low visitsPhillipCapital UK
CyprusCySEC, FCA, ASIC, MA top visitedPlus500
UKFCA low visitsPrice Markets
CyprusCySEC low visitsPriorFX
Belizenot regulated low visitsProfiforex
UKnot regulated low visitsProfx Market
AustraliaASIC low visitsRakuten Securities
Nigerianot regulated averageRally Trade
SVGnot regulated low visitsRange Markets
LatviaFCMC low visitsRenesource Capital
BelizeIFSC top visitedRoboForex
CyprusASIC, CySEC, CMA low visitsRoyal
DenmarkFINMA, FSA Denmark, FCA top visitedSaxo Bank
SVGnot regulated low visitsSeven Star FX
SVGnot regulated top visitedSimpleFX
BelizeIFSC averageSuperForex
KuwaitKCCI low visitsSwiss FS
SwitzerlandFINMA, SBA top visitedSwissquote Bank
KuwaitCMA low visitsSword Capital
USFINRA CFTC NFA SEC US top visitedTD Ameritrade
VanuatuVFSC low visitstegasFX
CyprusCySEC averageTeleTrade
UKFCA low visitsTeraFX
BermudaFCA, ASIC averageThinkMarkets
UKFCA, CySEC, FSA top visitedTickmill
VanuatuVFSC averageTifia
VanuatuVFSC top visitedTitan FX
SeychellesFSA low visitsTopFX
CyprusCySEC low visitstrade.Berry
CyprusCySEC, FSCA averageTRADE.com
Vanuatunot regulated low visitsTrade12
Marshall Isl.not regulated averageTrade360
UKnot regulated low visitsTradeFxP
CyprusCySEC low visitsTradeo
BermudaBMA Bermuda averageTraders Trust
Dominicanot regulated top visitedTraders Way
Cayman Isl.CIMA averageTradeview
SVGnot regulated low visitsTradize
MauritiusFSC averageTrioMarkets
LebanonCMA low visitsTrust Capital
BelizeIFSC low visitsTryMarkets
Seychellesnot regulated low visitsTurnkey Forex
CyprusCySEC averageUFX
Marshall Isl.not regulated averageUniglobe Markets
South AfricaFSP low visitsUnum Capital
VanuatuVFSC, FCA, ASIC averageUSGFX
UKFCA, FSA low visitsValutrades
Cayman Isl.CIMA, ASIC, FCA averageVantage FX
UKASIC, FCA Least visitedVelocity Trade
IndonesiaBKDI low visitsVictory International Futures
Cyprusnot regulated low visitsVinson Financials
LuxembourgCSSF, FSMA Belgium, NBB Belgium low visitsWH SelfInvest
CyprusCySEC, IFSC averageWindsor Brokers
BVI, SVG, VanuatuVFSC low visitsWorld Forex
CyprusCySEC low visitsXGLOBAL
UKFCA, CySEC, IFSC, ASIC top visitedXM
BelizeIFSC, FCA, KNF, CySEC top visitedXTB
BelizeIFSC averageXtrade
Marshall Isl.not regulated low visitsXtreamForex
SeychellesFSA low visitsYadix

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).

SVGFSA 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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