Find the best broker for you
Read our in-depth researched reviews and find the perfect broker for you
ActivTrades
Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal conditions
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84% of retail CFD accounts lose money
Plus500
Recommended for experienced traders looking for an easy-to-use platform and a great user experience
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Regulated by DFSA. CFD trading carries high risk
Pepperstone
Recommended for forex traders looking for great account opening and customer service
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74-89% of retail CFD accounts lose money
FXCM
Recommended for forex traders looking for easy account opening, funding and withdrawal
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Losses can exceed deposits
XTB
Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal service
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81% of retail CFD accounts lose money
Markets.com
Recommended for forex traders looking for low fees and great research tools
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79.1% of retail CFD accounts lose money
City Index
Recommended for forex traders who value a user-friendly platform and great research tools
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72% of retail CFD accounts lose money
eToro
Recommended for copy trading and zero-commission stock trading
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77% of retail CFD accounts lose money
IQ Option
Recommended for CFD traders looking for easy-to-use trading platforms
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74-89% of retail CFD accounts lose money
FxPro
Recommended for traders of any experience level looking for an easy-to-use trading platform
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79.27% of retail CFD accounts lose money
Blackbull
Recommended for forex traders looking for low fees and fast withdrawal
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74-89% of retail CFD accounts lose money
Oanda
Recommended for forex traders who value a user-friendly platform and great research tools
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72% of retail CFD accounts lose money
FOREX.com
Recommended for forex traders looking for low fees and great research tools
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72% of retail CFD accounts lose money
CMC Markets
Recommended for forex and CFD traders looking for an advanced trading platform with many research tools
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76% of retail CFD accounts lose money
Exness
Recommended for forex and CFD traders familiar with the MetaTrader trading platforms and looking for easy and fast withdrawal
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74-89% of retail CFD accounts lose money
Choose Your Broker To Start Trading
| Broker | Regulation | Platform | Minimum Deposit | Forex (CFDs) | Crypto CFDs | Retail Leverage | Visit Broker |
 | ASIC, CySEC, MAS FCA, FMA, DFSA EFSA, FSA, FSCA | Plus500 App/Webtrader | $100 | 71+ | 15+ | 30:1 |  |
 | ASIC, FCA CySEC, DFSA | MT4, MT5, TradingView, cTrader | $10 | 62+ | 12+ | 30:1 | |
 | ASIC, FCA, BaFin FINMA, NFA/CFTC, MAS CySEC, DFSA, FMA JFSA, BMA, FSCA | MT4, IG App | $450 | 100+ | 12+ | 30:1 | |
 | ASIC, FSCA CBI, KNF, CIRO ADGM, FSC-BVI | MT4, MT5, AvaTrade App/Webtrader | $100 | 55+ | 15+ | 30:1 | |
 | ASIC, FSA CySEC | MT4, MT5, cTrdaer | $200 | 61+ | 18+ | 30:1 | |
 | ASIC, CySEC, MFSA FCA, FSA, FINRA GFSC | eToro App | $50 | 49+ | 46+ | 30:1 | |
 | ASIC, FSCA FCA, CIRO AMF, ISA, CySEC | MT4, TradingView, FXCM App/Webtrader | $50 | 42+ | 7+ | 30:1 | |
 | ASIC, MAS, FCA CIRO, FMA, BaFin | MT4, CMC App | $10 | 338+ | 19+ | 30:1 | |
 | FMA, FSA | MT4,MT5, TradingView, Blackbull Trade | $10 | 64+ | 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.