Find the best broker for you

Read our in-depth researched reviews and find the perfect broker for you

ActivTrades
4.9/5

Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal conditions

84% of retail CFD accounts lose money

Plus500
4.9/5

Recommended for experienced traders looking for an easy-to-use platform and a great user experience

Regulated by DFSA. CFD trading carries high risk

Pepperstone
4.9/5

Recommended for forex traders looking for great account opening and customer service

74-89% of retail CFD accounts lose money

FXCM
4.7/5

Recommended for forex traders looking for easy account opening, funding and withdrawal

Losses can exceed deposits

XTB
4.6/5

Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service

81% of retail CFD accounts lose money

Markets.com
4.6/5

Recommended for forex traders looking for low fees and great research tools

79.1% of retail CFD accounts lose money

City Index
4.6/5

Recommended for forex traders who value a user-friendly platform and great research tools

72% of retail CFD accounts lose money

eToro
4.6/5

Recommended for copy trading and zero-commission stock trading

77% of retail CFD accounts lose money

IQ Option
4.5/5

Recommended for CFD traders looking for easy-to-use trading platforms

74-89% of retail CFD accounts lose money

FxPro
4.5/5

Recommended for traders of any experience level looking for an easy-to-use trading platform

79.27% of retail CFD accounts lose money

Blackbull
4.5/5

Recommended for forex traders looking for low fees and fast withdrawal

74-89% of retail CFD accounts lose money

Oanda
4.5/5

Recommended for forex traders who value a user-friendly platform and great research tools

72% of retail CFD accounts lose money

FOREX.com
4.5/5

Recommended for forex traders looking for low fees and great research tools

 

72% of retail CFD accounts lose money

CMC Markets
4.5/5

Recommended for forex and CFD traders looking for an advanced trading platform with many research tools

 

76% of retail CFD accounts lose money

Taurex
4.4/5

Recommended for forex and CFD traders familiar with the MetaTrader trading platforms

 

74-89% of retail CFD accounts lose money

Choose Your Broker To Start Trading

BrokerRegulationPlatformMinimum DepositForex (CFDs)Crypto CFDsRetail LeverageVisit Broker
plus500ASIC, CySEC, MAS
FCA, FMA, DFSA
EFSA, FSA, FSCA
Plus500 App/Webtrader$10071+15+30:1
pepperstone new logoASIC, FCA
CySEC, DFSA
MT4, MT5, TradingView, cTrader$1062+12+30:1
igASIC, FCA, BaFin
FINMA, NFA/CFTC, MAS
CySEC, DFSA, FMA
JFSA, BMA, FSCA
MT4, IG App$450100+12+30:1
avatradeASIC, FSCA
CBI, KNF, CIRO
ADGM, FSC-BVI
MT4, MT5, AvaTrade App/Webtrader$10055+15+30:1
ic marketsASIC, FSA
CySEC
MT4, MT5, cTrdaer$20061+18+30:1
etoroASIC, CySEC, MFSA
FCA, FSA, FINRA
GFSC
eToro App$5049+46+30:1
fxcmASIC, FSCA
FCA, CIRO
AMF, ISA, CySEC
MT4, TradingView, FXCM App/Webtrader$5042+7+30:1
cmc marketsASIC, MAS, FCA
CIRO, FMA, BaFin
MT4, CMC App$10338+19+30:1
blackbull markets newFMA, FSAMT4,MT5, TradingView, Blackbull Trade$1064+11+500:1

What is forex trading?

Foreign exchange, or forex, traders speculate on changing exchange rates by converting large sums of money from currency to currency, much like stock traders buy and sell different stocks. Forex traders essentially attempt to buy low and sell high for a profit, but the asset they are trading is currency.

What is CFD?

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying asset, without actually owning or taking physical delivery of the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange.

Who trades forex?

Major players in this market tend to be financial institutions like commercial banks, central banks, money managers and hedge funds. Global corporations use forex markets to hedge currency risk from foreign transactions.

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