Forex Brokers — Top Forex Brokers 2020

Striving to find a Forex Broker which is a perfect match for your trading style and goals? In the forex market the supply of brokers’ offers is versatile and abundant, so your search for the best broker to trust your dealings to may be tedious and time consuming. To help you with this important task, we created the Forex Brokers Rating back in 2006 – and since then it has grown to include more the 200 forex brokers carefully selected from jurisdictions all over the world.


Forex Broker Review Year Status Regulation (?)
1FXTMFXTM2011CySEC, FCA, IFSC
2AlpariAlpari1998FSC Mauritius
3LibertexLibertex1997CySEC
4FxProFxPro2006CySEC, FCA, FSB, DFSA, SCB
5FIBO GroupFIBO Group1998FSC, CySEC, FCA
6FXCMFXCM1999FCA, ASIC, SFC, CONSOB, BaFin, ACP
7OctaFXOctaFX2011FCA UK
8HotForexHotForex2010CySEC, FSC, FSB, FCA, BaFin, DFSA
9PrimeXBTPrimeXBT2018SFSA, SVGFSA, ASIC (in process)
10XMXM2009ASIC, CySEC, IFSC
11LegacyFXLegacyFX2012VFSC, CySEC, NBRB, BaFin, FCA, FSP
12NordFXNordFX2008VFSC, CySEC, SEBI
13Vantage FXVantage FX2009CIMA, SIBL
14Moneta MarketsMoneta Markets2019CIMA, SIBL
15HFTradingHFTrading2019ASIC, NZFMA
16FP MarketsFP Markets2005ASIC, CySEC
17eXcentraleXcentral2019CySEC
18FBSFBS2009IFSC, CySEC
19Just2TradeJust2Trade1994NFA, CySEC, Bank of Russia
20Admiral MarketsAdmiral Markets2001 ASIC, CySEC, FCA, EFSA
21T1MarketsT1Markets2019CySEC
22ROinvestingROinvesting2017CySec
23ForexTBForexTB2012CySEC
24PepperstonePepperstone2010ASIC, FCA
25CommerceWealthCommerceWealth2020n/a
26KiexoKiexo2020n/a
27AussieTrustAussieTrust1997n/a
28LonghornFXLonghornFX2020not regulated
29ETFinanceETFinance2018CySec
30InvestiGramInvestiGram2019N/A
31Grand CapitalGrand Capital2006Financial Commission, Serenity
32FundizaFundiza2019n/a
33AlphoAlpho2016FSA
34101investing101investing2016CySEC
35FxGloryFxGlory2011IFSA
36ProfitiXProfitiX2019n/a
37Trading.comTrading.com2018FCA
38FinmarketFinmarket2015CySec
39UptosUptos2019n/a
40VlomVlom2019n/a
41Olymp TradeOlymp Trade2014IFC
42LBLVLBLV2018Seychelles FSA
43HQBrokerHQBroker2017not regulated
44DukascopyDukascopy2000FINMA
45easyMarketseasyMarkets2001CySEC, MiFID, ASIC
46FOREX.comFOREX.com1999NFA, CFTC, FCA, ASIC, FSA, IIROC, SFC
47Forex ClubForex Club2005NFA, CFTC
48Swissquote BankSwissquote Bank2000FINMA, MFSA, DFSA
49IronFXIronFX2010FCA, ASIC, FSCA, CySEC
50OandaOanda1996CFTC, NFA, FSA, IIROC, MAS
51Saxo BankSaxo Bank1992FSA
52eToroeToro2007NFA, CySEC, ASIC, CFTC, MiFID, FCA
53LiteForexLiteForex2005RMI BCA
54ExnessExness2008CySEC, FCA
55RoboForexRoboForex2009CySEC, IFCS Belize, ICF
56Hantec MarketsHantec Markets1990FSA
57AvaTradeAvaTrade2006MiFiD, CBI, FSA, ASIC, SFB, BVI, FSCL
58Forex4youForex4you2007FSC BVI
59Interactive BrokersInteractive Brokers1977FSA, IIROC, CFTC, SEC
60OrbexOrbex2010CySEC
61UFXMarketsUFXMarkets2007CySEC
62FreshForexFreshForex2004CRFIN, KROUFR
63LH CryptoLH Crypto2018VFSC
64Alfa-ForexAlfa-Forex1996CySEC
65BithovenBithoven2019FSA
66FinotecFinotec1998FSA
6724option24option2010CySEC, FMA, AFM, HELLENIC, CNB, BDF, BAFIN, ATVP, CONSOB, CNMV, FCA, CRFIN
68Trading PointTrading Point2010CySEC, SIPC
69FxNetFxNet2012CySEC
70TusarFXTusarFX2012CROFR
71EverFXEverFX2016CySEC, CIMA
72Plus500Plus5002008FCA, CySEC, MAS, IE, ASIC, AFSL, FMA, FSP
73IFC MarketsIFC Markets2006FSPR (New Zealand)
74GAIN CapitalGAIN Capital1999CFTC, FSA, FSA, SFC, ASIC
75GCIGCI2002FSC
76Realtime ForexRealtime Forex2009MFSA
77iFOREXiFOREX1996CySEC
78Markets CubeMarkets Cube2011not regulated
79AL TradeAL Trade2003Not regulated
80HYCMHYCM1977CySEC, FCA, MiFID, DFSA, SFC
81HMS MarketsHMS Markets1972CCIF
82IG MarketsIG Markets1995NFA, CFTC, ASIC, FSA(UK), MAS
83TeleTradeTeleTrade1994CySEC
84AccentForexAccentForex2010MFEM (Vanuatu)
85Markets.comMarkets.com2009CySEC, FSCL
86Windsor BrokersWindsor Brokers1988CySec, FCA, ACPR, BaFin, MiFID
87ActivTradesActivTrades2010FSA
88SucdenSucden1973FSA UK
89FXOpenFXOpen2003FCA, ASIC, FC
90QuestradeFXQuestradeFX2004IIROC, FSCL
91XTBXTB2002FCA
92CMSTraderCMSTrader2013VFSC
93Stratton MarketsStratton Markets2018CySEC
94770capital770capital2010ARB
95ITRADERITRADER2013
96NPBFXNPBFX1996IFSC, Financial Commission
97FinexoFinexo2003CIF, CySEC, FSCL
98Colmex ProColmex Pro2009CySEC
99DIF BrokerDIF Broker1999CMVM, FCA
100FXDDFXDD2002NFA, CFTC, MFSA, MiFID
101Advanced MarketsAdvanced Markets2006NFA, CFTC
102GKFXGKFX2008FSA UK (#501320)
103FXCCFXCC2010CySEC
104Traders WayTraders Way2011Not regulated
105BNFXBNFX2010FMA
106FxGrowFxGrow2012CySEC
107ETrade FXETrade FX2006not regulated
108JustForexJustForex2012IFSC
109CMC MarketsCMC Markets1989Financial Conduct Authority (FCA)
110Sun Hung Kai FinancialSun Hung Kai Financial1969not regulated
111INGOTINGOT2006ASIC, SVGFSA
112Rosenthal Collins GroupRosenthal Collins Group2010not regulated
113InstaForexInstaForex2007BVI FSC, CySec
114TickmillTickmill2014FCA UK, CySEC, FSA Seychelles
115IC MarketsIC Markets2007ASIC, ACN
116USGUSG2006ASIC, FCA
117Maxi ForexMaxi Forex2008CRFIN
118FidelisFidelis2011FSPR
119ATC BrokersATC Brokers2005CFTC, NFA
120ForexiteForexite1999CySEC
121Blackwell GlobalBlackwell Global2010CySec, FCA, MiFid
122AMarketsAMarkets2007FC
123Fort Financial ServicesFort Financial Services2010IFSC
124LCGLCG1996FCA
125CM TradingCM Trading2012SA FSB
126Core SpreadsCore Spreads2014FCA
127FXFlatFXFlat1997BaFin
128ETX CapitalETX Capital2008FCA
129DF MarketsDF Markets2010FCA
130CIM BankCIM Bank1990FINMA
131ADS SecuritiesADS Securities2011FCA
132Trade360Trade3602013CySEC
133Z.com TradeZ.com Trade2013FCA, SFC, JFSA
134FX GiantsFX Giants2015FCA
135Arum CapitalArum Capital2016Cysec, MIFID
136EagleFXEagleFX2019Not regulated
137BCS ForexBCS Forex2004
138MultiBankMultiBank2005ASIC, BaFin, FMA, CNMV, FSC, CIMA, RAK
139InvestousInvestous2015CySEC
140EightcapEightcap2009ASIC, VFSC
1414xCube4xCube2018FSC
142ACMACM2002FINMA, ESA, DGCX
143Mega Trader FXMega Trader FXCySEC
144MAYZUSMAYZUS2008CySEC
145Citypoint TradingCitypoint Trading2008FCA, CySEC
146ForexTradingForexTrading2011CySec
147FX SolutionsFX Solutions2001CFTC, NFA, FSCL
148JFXJFX2011CySec, FSA, CNMV, BaFin, ACP
149GFT ForexGFT Forex1997FSA , NFA, CFTC, DGCX, DMCC, ASIC, MAS
150Hotspot FXHotspot FX2010CFTC, NFA
151Mada FXMada FXNFA, CFTC
152MIG BankMIG Bank2003FINMA
153ACFXACFX2007Cysec
1544XP4XP2007FMRRC, FSC (BVI)
155DBFXDBFX2006CySEC
156COESfxCOESfx1999NFA, CFTC
157MoneyForexMoneyForex2010CySEC
158FXA SecuritiesFXA Securities2000CySEC
159CBFX MarketsCBFX Markets2006not regulated
160InterbankFxInterbankFx2006
161CMS ForexCMS Forex1999CySEC
162VarengoldVarengold1995BaFin
163Tradeview ForexTradeview Forex2007FFS
164MRC MarketsMRC Markets2002SCL, SEBI
165MasterForex MasterForex 2006Financial Commission, IFSC
166ZeccoZecco2011FINRA, NFA
167BrocoBrocoFSC
168United World Capital Ltd United World Capital Ltd CySEC
169YoutradeFXYoutradeFX2011ASIC, FSC, FSA
170FalcofxFalcofx2008Not regulated
171Exto CapitalExto Capital2007BVI
172CitiFX ProCitiFX Pro2008CFTC, NFA, FCA
1733TG Brokers3TG Brokers2011FSPR
174IBCFXIBCFX2012NZFS
175GO MarketsGO MarketsASIC, CFD
176AtlaseForexAtlaseForex2010CySEC
177FXdirekt BankFXdirekt Bank2001BAFIN, EDW
178TradeFreedomTradeFreedom2010Not regulated
179Ntwo Capital MarketsNtwo Capital Markets2004Not regulated
180Spot TraderSpot Trader2008NFA
181PIPTrade PIPTrade FSA
182BerkeleyBerkeley1986FOA
183XForexXForex2003CySEC, ASIC
184STOCK.comSTOCK.com2014CySEC, MiFID , FCA, AMF, BaFin
185TFI MarketsTFI Markets1999CySEC
186AskobidAskobidCySEC, ASIC, MiFID
187BforexBforex2009Not regulated
188AFX Capital MarketsAFX Capital Markets2010CySec
189AFB FXAFB FX2010CySEC, MiFID
190FxCompanyFxCompany2011CySEC
191Forex MMCISForex MMCIS2007KROUFR
192InvesttechfxInvesttechfx2006FDA, FSCL
193NorthFinanceNorthFinance2006not regulated
194WestCapFXWestCapFX2006not regulated
195FinexFinex2006not regulated
196ITradeFXITradeFX2006not regulated
197Prime 4XPrime 4X2006not regulated
198Crown ForexCrown Forex2006not regulated
199STIFXSTIFX1998not regulated
200TradexFxTradexFx2005not regulated
201Money GramMoney Gram2006not regulated
202MGIMGI2006not regulated
203NordMarketsNordMarkets2006not regulated
204MoneyForexMoneyForex2006not regulated
205FxCastFxCast2006not regulated
206ATFXATFX2014CySec, FCA
207ForexYardForexYard1999not regulated
208ODLODL2010not regulated
209Ikon-RoyalIkon-Royal2006not regulated
210FXTSPFXTSP2006not regulated
211ForexCycleForexCycle2006not regulated
212FX UniversalFX Universal2011not regulated
213RetailFxRetailFx2006not regulated
214LQD MarketsLQD Markets2006CySEC, MiFID
215MarketivaMarketiva2009KROUFR
216Armada MarketsArmada Markets2011MKM
217TradeFortTradeFort2010not regulated
218MB TradingMB Trading1999FCA (UK), FINRA, SIPC
219CapitalXPCapitalXP2015not regulated
220Noble TradingNoble Trading1999CFTC/NFA, FINRA, SIPC
221FinFXFinFX2010CySEC, FSA
222FXTGFXTG2005AFSL
223Falcon BrokersFalcon Brokers2012CySEC
224FXallFXall2012CFTC
225SunbirdSunbird2005NA
226Forex-MarketForex-Market2009FMRRC, FSCL
227OptionTradeOptionTradeCySEC
228GulliverFXGulliverFX2014FCA
229xCFDxCFD2013FSCL
230DMM FX AustraliaDMM FX Australia2013ASIC
231HiWayFXHiWayFX2014CySEC
232Trade12Trade122015Global Fin Services
233PrivateFXPrivateFX2015CySec
234Vinson Financials LtdVinson Financials Ltd2012CySEC, MiFID
235Nas brokerNas broker2013SVGFSA
236Atom8Atom82013FCA
237STOSTO2010FCA, CySEC, CONSOB
238FormaxFormax2014FCA
239Adamant FinanceAdamant Finance2015IFSA

Our unique full list of forex brokers contains over 200 brokers starting 2006. The brokers which no longer operate on the fx market are marked with the "Closed" status. Two more marks are also available: "Recommended Forex Broker" and a "Newcomer". Please click on the broker"e;s logo for the detailed information, traders reviews and comments. To compare the brokers you are interested in please visit our Comparison section. Forex Broker Rating accepts no liability for any errors in the information, trading conditions and forex reviews. For the most recent information please visit the broker's site.

All Forex Reviews

Your needs and preferences are the cornerstone of our rating’s structure


The Forex Brokers are grouped in 15 sections based on features which are often the make-or-brake point for a trader. If you are interested in trading crypto on forex, look for a suitable broker in “Bitcoin Brokers” and “Ethereum Brokers” listings (we know more are coming!). If you are a fan of MT4 but want to change a broker, check out “MT4 Forex Brokers” for a good range for options. Like a get an exciting bonus offer now and then? Monitor the “Bonus Forex Brokers” – we have gathered brokers that consistently offer generous bonuses to their clients, and not only to newbie traders.

We fill in every forex broker profile with utmost thoroughness and update it regularly


You can get a 360° degree view of forex dealer’s conditions by throwing a quick look at its info page. Regulators, headquarters, trading software and more then 30 (!) parameters of a brokers’ portfolio are reflected there. The latest traders’ reviews about a particular broker are also listed there – a trustworthy source of open feedback about the broker from its happy or not so happy clients.

Forex Rating goals and mission


It is common knowledge that forex market outnumbers all other markets in the world with its daily trading volume of more than 4 trillions US Dollars. We see our mission in providing accurate and trustworthy information about Forex Brokers that will help traders make informed decisions, and thus build their trust in market and invest in its further growth. We constantly work on expanding the number of brokers listed in.

Our TOP 10 Forex Brokers Rating is based on traders’ voting which is instantly updated


When each new review appears, the rating is automatically recalculated and updated. You receive up-to-date objective information and grounds for choosing a forex company with an optimal package of services and a better reputation. Having an independent rating is not only a convenient opportunity for a trader to compare forex market players and choose the best forex company, but also an unconditional incentive for forex companies. Only by maintaining a high level of services, expanding opportunities and improving trading conditions, a forex company will be able to confidently hold its leading positions in the rating and increase its customer base.

Our news and materials sections is much more then dealers’ news


What percentage of profitable accounts does a forex broker have? Where do industry veterans lose to new market players? What’s new in the social trading arena? When writing materials for our analytical section we try to ask questions that will enhance the understanding and trust between forex dealers and their clients. We also carefully select the analytics we publish. In Forex trading, as you know, one of the leading roles is assigned to analytics, which is not surprising. It is market analysis that provides the foundation on which the entire trading process is built, including both the prediction aspect of the nature of asset price behavior and the capital management aspect.  In analytics, economic news is of great importance, as they tell about events that are prerequisites and causes of changes in the economic situation, and therefore changes in the ratio of supply and demand for a particular trading instrument. That is why economic news is so closely monitored by traders. There are even trading strategies based on the news method – a method that involves tracking important economic events and, therefore, building a trading process “around” economic news. Our “Latest Forex Materials” section is a stream of news, analytics, training announcements, and forex brokers’ latest news.

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