Table of Contents
On this page, we presented our forex brokers ranking list. Creating a top list of forex brokers is challenging because most brokers offer the same platforms, instruments, payment methods, and excellent client support. However, some brokers have a comprehensive list of restricted countries; some have problems with payment delays, and some make mistakes in communication with traders. Because of that, we created this list that presents personal opinions.
In the future, this rating list will change. Many of these brokers are the largest forex brokers with a strong reputation. We apologize to all brokers who do not have a high grade and deserve it.
Best Forex Brokers Ranking Table
| Forex broker Review | Visit | Min. lot size | Max. leverage | Min. deposit | Grade |
|---|---|---|---|---|---|
HFM | VISIT HFM | 0.01 | 1:1000 | $1 | 99 |
Capital.com | VISIT CAPITAL | 0.01 | 1:30 | $20 | 98 |
Avatrade | VISIT AVATRADE | 0.01 | 1:400 | $1 | 97 |
FxPro | VISIT FXPRO | 0.01 | 1:500 | $100 | 96 |
IC Markets | VISIT IC MARKETS | 0.01 | 1:500 | $200 | 96 |
Dukascopy | VISIT DUKASCOPY | 0.01 | 1:100 | $500 | 95 |
XM.com | VISIT XM | 0.01 | 1:888 | $5 | 94 |
Instaforex | VISIT INSTAFOREX | 0.0001 | 1:1000 | $10 | 93 |
Alpari.com | VISIT ALPARI | 0.01 | 1:500 | $10 | 91 |
Thinkforex | VISIT THINKMARKETS | 0.01 | 1:500 | $250 | 90 |
| VISIT EXNESS | 0.01 | 1:2000 | $10 | 89 | |
| Octafx review | VISIT OCTAFX | 0.01 | 1:400 | $50 | 86 |
| Easy Markets | VISIT EASYMARKETS | 0.01 | 1:500 | $25 | 81 |
Roboforex | VISIT ROBOFOREX | 0.01 | 1:500 | $10 | 73 |
Forex Brokers Ranking system
Essential criteria in this broker’s ranking system are deposit and withdrawal, client support, spread, bonus, automated trading offers, and platforms. We made several withdrawal tests (several of them we didn’t test). Each forex broker was tested for chat/email support. All these brokers are personally tested, and I have accounts at each forex broker company.
What is the best forex broker?
The best forex broker for beginners and advanced traders is HF Markets. This broker offers a 100% bonus for non-EU traders, excellent support, tight spreads, and various competitions. Capital.com is the best forex broker for crypto trading, while the best broker for Islamic countries is Avatrade.
HFM Broker
HFM has over 100 trading instruments, including major, minor, and exotic currency pairings, commodities, indices, and stocks. HFM, in addition to several forms of trading instruments, provides the most popular trading platform: MetaTrader 4. When you start trading with HFM, you will receive a welcome bonus of $30. It is its largest liquid market with a daily trading volume of more than $5 trillion. Currency pairings are exchanged in forex trading because the value of one currency is constantly related to another.
To read the complete HFM Review, visit our page.
If you are a new client, you can see an excellent dashboard from which you can manage funds, apply to competitions, trade various products, monitor accounts, etc.
HFM trading products:
- Forex
- Metals
- Energies
- Indices
- Shares
- Commodities
- Bonds
- Stocks DMA
- ETFs
- Cryptocurrencies
HFM payment methods:
- Wire transfer
- Mastercard
- Visa card
- FasaPay
- Neteller
- Skrill
- PayRedeem
- Webmoney
- Bitpay
So HFM (HotForex) is a Forex Broker owned by HF Markets that provides the MetaTrader 4, MT4 Mobile, and WebTrader online trading top platforms. HFM is regulated by CySEC in Europe and by the FSC in Mauritius. It is one of the most popular forex brokers in Asia and has been steadily growing its client base worldwide since its launch in 2010.
HFM has a wide range of account types available to traders, including ECN accounts, Zero Spread Accounts, and VIP Accounts with high leverage and deposit requirements. The broker also offers Islamic accounts and managed accounts. In addition, HFM provides a variety of trading instruments, including forex pairs, indices, commodities, metals, bonds, energies, and stocks.
The broker does not charge fees for deposits or withdrawals but charges fees for inactive accounts after six months of no activity. There are also charges for holding a position overnight in some account types. Furthermore, there is a fee for withdrawing more than three times within one month and withdrawal charges incurred from intermediary banks.
HFM offers its clients five account types: Micro Account, Premium Account, VIP Account, Auto Account, and Zero Spread Account. The minimum deposit for Micro Account is $5, for Premium Account – $500; for VIP Account – $20 000; for Auto – $25 000; for Zero Spread – $200. The minimum trade size is 0.01 lots, and the maximum leverage available is 1:1000.
Forex and CFDs are leveraged products that can result in losses greater than your initial deposit. Therefore, it’s inevitable and sad to say that the well-known Forex and CFDs may not be as suitable as they may sound for all investors. Always remember to only invest with money that you are willing to lose. So please be sure that you have entirely comprehended the hazards involved, as there is no going back once you’re in. If required, seek independent guidance.
HFM broker advantages:
- Ten types of trading products
- 100% bonus for non-EU and non-US clients
- Various deposit and withdrawal options
- Zero spreads offer
- Islamic accounts
- Excellent support
In my opinion, the HFM broker has some advantages that I figured out during the last 10 years as a loyal customer. First, all numerous deposit and withdrawal payment methods are without fees except Wire transfer. Then, I didn’t have any problem with customer support, payments, withdrawal, or trading platforms. Finally, zero spread accounts and low commission accounts decrease my trading cost enormously. You can try this broker for sure.
Capital.com Broker
Capital is the new CFD broker, which offers trading over 2,200 trading instruments. As a CFD broker, they give you access to CFDs on thousands of global markets, including forex, commodities, stocks, indices, and cryptocurrencies—all in one place.
First, Capital.com is fully regulated and licensed by the UK’s FCA (Financial Conduct Authority) and Cyprus’ CySEC (Cyprus Securities and Exchange Commission), which means you can rest easy knowing your money is safe.
Below is presented Capital.com trading dashboard:
Capital.com advantages:
- Low forex CFD fees (tight spreads)
- More than 6100 trading instruments
- Hundreds of Crypto trading instruments
- Fast registration, deposit, and withdrawal
- Reliable technical support
As far as trading platforms go, they have a great app that makes trading simple and intuitive on any device. They provide a modern and user-friendly web platform with a leverage of up to 1:300, negative balance protection, and 24/7 live support. You can trade on mobile with their native app for Android and IOS.
Capital.com payment methods:
- Debit or credit cards
- Wire transfers
- PayPal (for EU clients)
- Sofort
- 2c2p
- iDeal
- Giropay
- Multibanko
- Przelewy24
- ApplePay
- Trustly
Capital.com provides free educational resources for every level of trader—from complete beginner to seasoned pro—to make yourself an even better trader than you already are. And if you ever have any questions or concerns while using their platform, they’ll be online 24/7 to help you out.
In my opinion, this young broker made a huge success in just a couple of years in a competitive forex market. They have the most significant number of financial instruments that I have ever seen. You can trade CFD, but you can also trade real stocks at Capital.com. You can buy any crypto (CFD crypto) and earn based on price fluctuation. Additionally, they have ETFs, various stocks, and excellent customer support.
Avatrade Broker
Avatrade is a safe and reliable broker with years of experience helping people take their first steps in investing. They offer many different options, including currency pairs and cryptocurrency, to decide where your money goes and how it grows. And they’re available to help you if you have questions or concerns, so you always have an expert there to guide you through the process.
AvaTrade is a broker that allows you to trade the financial markets on a CFD and Spread-betting basis. You can trade across a wide range of asset classes from Forex, Spot Indices, Commodities, Spot Metals, and Share CFDs.
With AvaTrade, you’ll be able to trade over 250 financial instruments, including stocks, indices, commodities, forex pairs, Bitcoin, Ethereum, and Ripple. You can open a trading account in four currencies—the Euro, US Dollar, Japanese Yen, or Australian Dollar.
You can choose from three account types:
- Micro Silver: Minimum deposit of $100; 24/5 customer support; free trading alerts; dedicated account manager; access to Daily Market Analysis.
- Standard Gold: Minimum deposit of $1000; 24/5 customer support; free trading alerts; dedicated account manager; access to Daily Market Analysis and Trading Central Analysis Tools.
- Platinum VIP: Minimum deposit of $10000; 24/5 customer support; free trading alerts; dedicated account manager and personal analyst; access to Daily Market Analysis and Trading Central Analysis Tools.
The minimum deposit required depends on the account type you choose (between $100 and $1,000). Each account type has access to different trading tools and resources and varying levels of support.
You will need to visit their website and select the ‘Open Account’ button to open an account. You will then be prompted to fill out the form with your details. Once you have completed this step and accepted the terms & conditions, you will need to verify your email address by clicking on the link sent to you by AvaTrade. Upon completing these steps, your account will be created, and your funds can be deposited.
Avatrade has many other cool features, like an educational center with videos and books, real-time charts, and live market news. They also don’t charge fees or commissions so that I can make more money on my investments.
Below is presented my Avatrade dashboard:
Avatrade has an advanced platform that’s easy to use, making it simple to diversify portfolios and take advantage of every opportunity one can come across. If you’re looking for an online broker and haven’t tried AvaTrade yet, you should give them a try.
FxPro Forex Broker
FxPro is a forex broker founded in 2006. They have over 200,000 customers, and they are registered in the U.K. Fxpro offers trading services on over 250 financial instruments, including currencies, indices, commodities, shares, and futures.
With FxPro, you can trade on up to 10,000 CFD instruments, including:
- Forex – Major, minor, and even the most exotic currency pairs one could ever think of
- Shares – 1,200 shares across eight international exchanges
- Indices – Over 15 significant indices worldwide
- Metals – Gold, Silver, Platinum, and Palladium
- Energies – Brent Crude Oil and WTI Crude Oil
Trading with FxPro is easy. You can use the MetaTrader 4 or MetaTrader 5 platforms for desktop, browser, or mobile. Or if you prefer cTrader, you can use that on Web or Mobile.
With FxPro, you get:
- Access to various CFD instruments from one account
- Access to global exchanges
- Negative Balance Protection (NBP)
In addition to their trading platform, Fxpro offers a demo account, market analysis, and an education center to help traders learn about forex markets and gain trading knowledge.
Below is presented my personal user FxPro dashboard:
The MT4 and MT5 platforms offered by Fxpro offer the option for traders to trade with the ECN (electronic communication network) or STP (straight-through processing). Trading through the ECN allows clients to trade directly with other market participants, while STP will enable clients to trade in a bank account.
The Fxpro website also features tutorials on using the trading platforms and information on setting up a demo account.
This is an award-winning broker that has won several awards. In 2016 they won Best Broker in Western Europe at the World Finance Awards, their second consecutive win. They received the Best FX Broker award from Shares Magazine for three straight years, from 2014 to 2016. In 2015 and 2016, they won Best Forex Provider at the UK Forex Awards.
In addition to their awards, Fxpro has been recognized by Investors in People with a Gold Award for their investment in their people, one of only 2% of businesses. They are also CIPD-accredited members of the British Chamber of Commerce and Pro Elite (Professional Elite).
With over ten years of experience, FxPro has been in the forex industry for a while now. They offer MetaTrader 4 and 5 and cTrader, a perfect trading platform. Their minimum deposit is $100, and they have excellent customer service. It sets them apart from other brokers because they offer fixed and variable spreads. Fxpro offers different account types; for instance, there are micro accounts for those who want to try out the broker without investing too much money and standard and professional accounts for experienced traders who wish to access more features.
IC Markets Broker
IC Markets was established in Sydney, Australia, as an International Capital Markets in 2007. Since then, they have become one of the largest and most respected CFD & Forex brokers globally. Their success is driven by our people, who are dedicated to providing clients with the very best service, products, and support on their trading journey. They focus on understanding their clients’ needs so that they can deliver a genuinely bespoke service.
In 2016, IC Markets launched its True ECN account, which offered spreads from 0 pips with no restrictions on stop and limit orders. This revolutionary technology meant traders could trade directly with liquidity providers such as Deutsche Bank and HSBC, resulting in spreads from 0 pips and commissions starting from $3 per lot.
If all that wasn’t enough, IC Markets also has some of the lowest minimum deposits for new traders on their cTrader platform: just USD 200! This means you can get started with less risk than other platforms require (and without worrying about any hidden fees).
IC Markets offers a variety of tools and features to help traders. These include dedicated accounts for social and copy trading, becoming increasingly common offerings from brokers. In addition to offering access to many of the most popular cryptocurrencies, this company also has shares, metals, indices, and energies.
IC Markets offers two main types of accounts: the standard version and the cTrader account. The standard account allows traders to choose between commission-free trading with spreads starting at 0 pips or commission-based trading with raw spreads starting at 0 pips. The cTrader account allows traders to trade through introductory pricing on one of today’s most popular ECN platforms.
Privacy: Our broker’s reviews include products traded on margin and carry a risk of losses above your forex and stocks selling deposited funds. Trading may not be suitable for all stocks and forex investors. Please ensure that you fully understand the risks involved.
