Elite Forex Brokers

Handpicked, thoroughly vetted brokers offering unparalleled trading environments and exclusive incentives.

Forex Brokerage Titans

Dive into our meticulously crafted reviews of the forex industry's crème de la crème. We dissect each broker's unique selling points, from cutting-edge trading technology to industry-leading educational resources. Our comprehensive analyses empower traders to navigate the complex world of forex with confidence and precision.

1 AvaTrade

Year Founded 2006
Website
Max Leverage 1:400
Copy Trading Yes
Platforms MT4, MT5, AvaOptions, WebTrader
Islamic Account Yes

Why Choose AvaTrade

Commission-Free Trading: AvaTrade offers a commission-free trading environment, allowing you to trade a wide range of CFDs without paying any commissions. This makes it a cost-effective option for both new and experienced traders.

Wide Range of Assets

AvaTrade provides access to a broad selection of CFDs, including forex, commodities, indices, cryptocurrencies, and shares. This variety of assets allows traders to diversify their portfolios and explore different trading strategies.

User-Friendly Trading Platform

The proprietary trading platform from AvaTrade is known for its ease of use and intuitive design. Available as a web-based platform, desktop client, and mobile app, it offers real-time quotes, dynamic charts, and risk management tools like guaranteed stop-loss orders.

2 XM

Year Founded 2009
Website XM.com
Max Leverage 1:1000
Copy Trading Yes
Platforms MT4/MT5

Proven Reliability and Global Reach

Platform reliability is crucial, and XM Group excels with years of market presence. Operating in 190 countries and being multi-regulated, including oversight from FCA, SCA of UAE, ASIC of Australia, CySEC of Cyprus, and IFSC of Belize, XM stands as a trusted global forex and CFD broker.

Educational Resources and Learning Opportunities

XM Group is committed to trader education, offering more than just basic materials. It provides a range of learning opportunities including webinars, offline meetings in 120 cities worldwide, and a comprehensive selection of Tradepedia courses to cater to both new and experienced traders.

Platform Compatibility and Trading Technology

If you prefer MetaTrader platforms, XM Group is an ideal choice. They primarily support MetaTrader 4 and MetaTrader 5, providing robust technology tailored for effective trading. However, those looking for platforms like cTrader or RTrader may need to consider other brokers.

Cost-Efficiency and User-Friendly Service

XM Group ensures a cost-effective trading experience with low stock CFD and withdrawal fees. The account opening process is not only user-friendly but also quick, allowing traders to start trading without delays.

3 Exness Group

Year Founded 2008
Website
Max Leverage 1:2000
Copy Trading Yes
Platforms MT4/MT5/Exness Terminal
Instruments Forex CFD ,Commodities CFD, Stocks CFD, Indices CFD, Crypto CFD
Islamic Account Yes

Why Choose Exness

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4 HFM

Year Founded 2010
Max Leverage 1:2000
Copy Trading Yes
Website hfm.com
Platforms MT4/MT5

Why Choose HFM (Formerly Hot Forex)

Low Minimum Deposit: Starting your trading journey shouldn't require a huge investment. HFM stands out by offering three account types with no minimum deposit required. Even their Pro account has a low $100 minimum, making it accessible to new traders.

Multiple Profit-Building Strategies

If you're looking beyond traditional active trading, HFM offers a variety of tools to suit your strategy. Their proprietary copy trading platform allows you to automatically copy the trades of successful traders. Additionally, you can participate in PAMM accounts, a form of managed investment service.

Limited Deposit/Withdrawal Options

HFM offers a more limited selection of deposit and withdrawal methods compared to some brokers. While they support certain bank cards, cryptocurrency wallets, and international bank transfers, popular options like Neteller and Skrill are not available.

5 IC Markets

Year Founded 2007
Website
Max Leverage 1:500
Copy Trading No
Platforms MT4, MT5, cTrader
Instruments Forex, Indices, Commodities, Cryptocurrencies, Bonds
Islamic Account Yes

Why Choose IC Markets

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6 FxPro

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose FxPro

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7 Tickmill

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose Tickmill

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8 FP Markets

Year Founded 1999
Website
Max Leverage 1:30 (EU), 1:200 (non-EU)
Copy Trading No
Platforms Trading Station, MT4, NinjaTrader,Trading View
Instruments Forex, CFDs, Indices, Commodities, Cryptocurrencies
Islamic Account No

Why Choose FP Markets

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10 Eightcap

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose Eightcap

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11 Blackbull Markets

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Islamic Account

Why Choose Blackbull Markets

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12 Axi

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose Axi

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13 Plus500

Year Founded 2008
Max Leverage 1:30 (Retail), 1:300 (Professional)
Copy Trading No
Website plus500.com
Platforms Web-based, Desktop Client, Mobile App
82% of retail CFD accounts lose money
Plus500 is suitable for experienced traders only. We advise beginners to start with a demo account and utilize our Trading Academy, webinars, and insights for learning.

Why Choose Plus500

Commission-Free Trading: Plus500 offers a commission-free trading environment, allowing you to trade a wide range of CFDs without paying any commissions. This makes it a cost-effective option for both new and experienced traders.

Wide Range of Assets

Plus500 provides access to over 2800 CFDs, including forex, commodities, indices, cryptocurrencies, and shares. This broad selection of assets allows traders to diversify their portfolios and explore different trading strategies.

User-Friendly Trading Platform

The proprietary trading platform from Plus500 is known for its ease of use and intuitive design. Available as a web-based platform, desktop client, and mobile app, it offers real-time quotes, dynamic charts, and risk management tools like guaranteed stop-loss orders.

14 Scope Markets

Year Founded 2017
Website
Max Leverage 1:500
Copy Trading No
Platforms MT4, WebTrader
Instruments Forex, CFDs, Indices, Commodities, Metals.
Islamic Account Yes

Why Choose Scope Markets

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15 Switch Markets

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose Switch Markets

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16 ThinkMarkets

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose ThinkMarkets

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17 Windsor

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose Windsor

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18 Fx Pesa

Year Founded 2017
Website
Max Leverage 1:400
Copy Trading No
Platforms MT4, WebTrader
Instruments Forex, CFDs, Commodities, Indices
Islamic Account No

African-Focused Forex Broker

Fx Pesa, founded in 2017, is a forex broker that primarily serves the African market. Regulated by both the FSA and CMA, it offers a level of security for traders in its operational regions.

Trading Platforms and Instruments

Fx Pesa provides access to trading through the popular MetaTrader 4 platform as well as their own WebTrader. Traders can engage with various instruments including Forex, CFDs, Commodities, and Indices, allowing for a diverse trading portfolio.

Leverage and Minimum Deposit

With a maximum leverage of 1:400, Fx Pesa offers traders the potential for larger positions. However, it's worth noting that the minimum deposit of $400 is higher than some competitors in the market.

Features and Limitations

While Fx Pesa doesn't offer copy trading or Islamic accounts, it provides a solid platform for forex and CFD trading. The broker's focus on the African market may make it particularly attractive to traders in this region looking for a more localized service.

19 FXTM

Year Founded 2011
Website
Max Leverage 1:2000
Copy Trading Yes
Platforms MT4, MT5
Instruments Forex, Shares, Spot Metals, CFDs
Islamic Account Yes

Why Choose FXTM

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20 FBS

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose FBS

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21 Moneta Markets

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose Moneta Markets

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22 OctaFX

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose OctaFX

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23 OspreyFX

Year Founded
Website
Max Leverage
Copy Trading
Platforms
Instruments
Islamic Account

Why Choose OspreyFX

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.