Known from:
ntv-logo sky-logo comedy-central-logo

Best Forex Broker | Forex Test Winner » Readers’ Award 2019

AskTraders.com constantly performs independent tests of each broker in the Forex comparison, providing guidance a single trader would struggle to master. At this point, however, it‘s up to our readers. On this page you will find the assessment of real users of who is the best Forex broker.

You‘ve already made some experience with a provider? Then please vote on who should become Forex test winner this year. To help you, we‘ll show you in this guide the issues you might consider in your assessment.

Current user rating - Forex Broker Award 2019

Trader Award
Best Forex Broker
1.
AvaTrade
Trader Rating
96%
Highlights
  • CFD instruments & Assets
  • Regulated in every countries it operates.
  • Decentralized for a better service
  • Easy copying of experienced traders
Your Rating
5/5
Total ratings
2
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
AvaTrade Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
2.
Plus500
Trader Rating
94%
Highlights
  • 61 tradable currency pairs
  • User Friendly Trading Platform
  • Well Established since 2008
  • Wide range of Instruments
Your Rating
4.8/5
Total ratings
2
Go to Broker
80.6% of retail CFD accounts lose money.
Plus500 Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
3.
eToro
Trader Rating
86%
Highlights
  • eToro forex is a social trading pioneer.
  • safe and secure and highly regulated
  • technology is engine behind copy trading.
  • Everyone gets a demo account on eToro
Your Rating
3.5/5
Total ratings
1
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
eToro Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
4.
Markets.com
Trader Rating

Highlights
  • online trading services on FX and CFDs.
  • regulated in the EU and South Africa.
  • no clients from USA, CAN, JPN & BEL
  • parent co. Playtech is part of FTSE 250
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Markets.com Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
5.
Cityindex
Trader Rating

Highlights
  • One of the oldest brokerages
  • More than 12,000 assets
  • No US Traders
  • Regulated by the FCA.
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Cityindex Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
6.
FxPro
Trader Rating

Highlights
  • Hundreds of assets
  • One of the scandal-free FX brokers
  • Operates in EU, UK, MENA, Africa & Asia
  • Offers a range of trading platforms.
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
FxPro Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
7.
FXTM
Trader Rating

Highlights
  • Operating since 2011 and based in Cyprus.
  • A lot of instruments & over 50 FX pairs
  • Account types to suit any budget.
  • Educational material & analysis tools.
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
FXTM Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
8.
ATFX
Trader Rating

Highlights
  • Established in 2014.
  • 42 currency pairs, metals, oil & 8 indices
  • Non-dealing desk broker.
  • Simple Offering to avoid confusing clients.
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
ATFX Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
9.
XTB
Trader Rating

Highlights
  • XTB is fully registered and regulated by different regulatory agencies.
  • XTB has offices in 13 countries.
  • A forex comparison of regulated assets shows that XTB offers 1500 trading instruments.
  • XTB has been in business for over 15 years and is one of the oldest retail brokers in the FX market.
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
XTB Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
10.
Pepperstone
Trader Rating

Highlights
  • Pepperstone offers top platforms like MT Mobile, MetaTrader 4, MetaTrader 5, and WebTrader.
  • com offers over 20 currency pairs, gold, and silver trading options.
  • Pepperstone begins with a minimum deposit of $200
  • It is monitored by the Financial Conduct Authority, UK, and ASIC.
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Pepperstone Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
11.
EasyMarkets
Trader Rating

Highlights
  • easyMarkets forex brokerage was one of the first retail forex trading brokers.
  • Is easyMarkets forex trading legit? Yes, because they are regulated by two agencies in different countriesand have been successful for the past 17 years.
  • easyMarkets Forex Trading Review 2018 indicates that the platform offers many tools and markets for its traders.
  • easyMarkets currently has clients from over 160 countries.
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
EasyMarkets Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
12.
Libertex
Trader Rating

Highlights
  • The headquarter is based in the Russian Federation
  • Functions from 27 countries
  • Recognized by 30 national and international awards
  • Functions for the Forex Group of Indication Investment
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Libertex Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
13.
Trade.com
Trader Rating

Highlights
  • Trade.com forex brokerage operates out of Cyprus. Compliance status with MiFID II is presently unknown.
  • Is Trade.com forex broker a good broker when it comes to quality of FX and CFD brokerage business? Trade.com is a good broker, but it does not rank as high as other more established competitors such as FxPro or easyMarkets.
  • Trade.com works with a network of affiliates from around the globe.
  • A Trade.com broker comparison – forex comparison review of its asset listing will show that it has a large asset base.
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Trade.com Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
14.
Admiral Markets
Trader Rating

Highlights
  • Admiral Markets forex is one of the oldest online brokers in the retail segment of the FX market.
  • Is Admiral Markets legit? Yes, because the company is duly registered, licensed and regulated by the relevant authorities in different countries.
  • Admiral Markets provides a diversified menu of trade instruments on their platform.
  • Admiral Markets trading platform review reveals that the company is one of the leading online brokerage firms in the world today.
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Admiral Markets Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
15.
HotForex
Trader Rating

Highlights
  • Is HotForex legit? Yes, as the brand is regulated by three regulatory agencies
  • Traders can trade over 150 trading instruments
  • Leverage up to 1:30
  • The forex offering in the three locations reflects the needs of the local market
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
HotForex Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
16.
HYCM
Trader Rating

Highlights
  • User Friendly Platform
  • Regulated by FCA
  • Strong pedigree in the industry
  • Long-term experience
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
HYCM Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
17.
LQDFX
Trader Rating

Highlights
  • LQDFX is one of 31 brokers that submit to external dispute resolution with the Financial Commission.
  • The company is domiciled in the Marshall Islands and has an international office in Malta.
  • LQDFX allows you to trade up to 49 different currency pairs.
  • LQDFX operates a PAMM account system, where investors can pool money have an active trader among them trade the account, and share any profits made accordingly
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
LQDFX Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
18.
FXPRIMUS
Trader Rating

Highlights
  • Variety of trading instruments
  • A regulated broker
  • Exclusive features
  • Trade over 120 instruments
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
FXPRIMUS Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
19.
FXOpen
Trader Rating

Highlights
  • FxOpen forex broker is a social trading pioneer.
  • Is FxOpen legit? The answer is yes, they are safe and secure and highly regulated.
  • FxOpen Forex Trading - Review 2018 shows that FxOpen’s proprietary CopyTrader technology is the engine behind copy trading.
  • FxOpen huge amount of active accounts
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
FXOpen Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
20.
Instaforex
Trader Rating

Highlights
  • Instaforex is a social trading pioneer
  • Instaforex forex broker review shows a huge amount of active accounts
  • Is Instaforex forex trading legit? The answer is yes, they are safe and secure and highly regulated.
  • Instaforex Forex Trading - Review 2018 shows that over 1000 accounts are opened daily
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Instaforex Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
21.
Finmarket
Trader Rating

Highlights
  • Regulated brokerage, with segregated accounts and deposit insurance
  • Tight spreads and transparent costs and commissions
  • Good choice of trading platforms
  • Wide choice of account types
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Finmarket Experiences
Your Rating
Please wait...
Trader Award
Best Forex Broker
22.
Fortrade
Trader Rating

Highlights
  • Regulated broker
  • Diverse instruments
  • Free educational resources
  • Numerous languages
Your Rating
Total ratings
0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
Fortrade Experiences
Your Rating
Please wait...

Who‘s the best Forex broker? That's how you‘ve chosen

The choice of the best Forex broker is a purely subjective decision, every trader focusses on different issues, although there are points, such as fees and conditions, to which most traders attach great importance. Nevertheless, preferences are individual. The evaluation on this page of who is Forex test winner is not our choice but solely that of our readers.

Therefore we ask you: If you have already had experience with one or more Forex providers, then please evaluate the brokers. This will help other readers to get a comprehensive and authentic picture of the company.

At AskTraders.com we look back on many years of experience in online trading. We have also reviewed the providers. We are not dependent in any way on any Forex broker. Our test results are therefore impartial and trustworthy. Since we know what we need to look out for in comparisons and reviews, we want to give you some help on this page about what to look out for in your assessment.

To this end we‘ve developed a 10 point checklist, with explanations to show you what we would take into account. This will help you to make a comprehensive evaluation of the provider. In any case, please consider this a suggestion. If other things are important to you, feel free to include those points in your test.

We want to help you find the top forex broker out there, for your specific needs. So we’ve highlighted what we believe to be the most important factors in any broker comparison and rated the things that our readers tell us matter most to them when searching for an online broker.

Before you commit to a new forex broker, our tip would always be to assess exactly what you need right now, and what you think you might need as you progress. Then you can pick a broker who can meet your current needs and grow with you. One trader’s top forex broker is another trader’s nightmare, depending on what they want from a broker, what level of experience they have, and how ambitious they are in advancing their trading career.

Ratgeberbilder Artikel Boerse

Categories & Criteria for Your Forex Broker Test

1. Trade Offer

As far as the trade offer is concerned, we examine in particular the range of underlyings available to the trader, with the focus on the trade offer in Forex. We explicitly mention this at this point, as many brokers offer not only Forex trading, which is trading in foreign exchange, but also general CFD trading. As a rule of thumb, we can state that the bigger the trade offer, the better for the trader. To be considered the best Forex provider, the supply of foreign currency pairs should be extensive.

Of course it‘s advantageous if, in addition to Forex, other underlyings are included in the broker‘s offering as CFDs. But the focus, from our point of view, is clearly on currency trading.

Naturally we assess not only the number of currency pairs, but also to the „quality“ of the trade offer. At this point we would like to give an example for clarification: If a broker lists the currency pair Cambodian Riel against Serbian Dinar (KHR / RSD), but not Swiss Franc against Yen (CHF / JPY), that would make little sense, because the latter Forex pair is much more important for active trading than insignificant currency pairs.

You might check out this in the trade offer:

  • Number of currency pairs
  • Quality of the Forex offer
  • Miscellaneous trade offer of underlyings

2. Conditions, Costs & Fees

If you've already gained some Forex experience you‘ll probably find the conditions and fees very important. Since foreign exchange trading is mostly about making profits, we pay particular attention to the type and amount of spreads (difference between bid and ask price). Many brokers offer account models with fixed or floating spreads. In addition to the level of spreads, other fees are included in our result, such as custody fees, commissions (order fees), fees for deposits and withdrawals, possible service fees, inactivity fees etc.

In our assessment we do not weight the nature of the fees equally but dependent on importance. This means that the level of spreads has a much higher impact on our result than, for example, an inactivity fee, simply because spreads are incurred by every trader and on every order. Therefore, the trading result is significantly influenced by the level of spreads. An inactivity fee, on the other hand, does not really affect every customer.

As a frequent trader you may even benefit from a rebate model in which traders receive discounts on spreads or commissions above a certain trading volume. If that concerns you, then make sure to include your experience in your Forex Broker test.

Top 3 Forex Broker Comparison

1
of 22 Forex Broker Plus500
Currency pairs 61 Currencies
Max. Lever 1:30
Trading size Depends on underlying
Minimum deposit £ 100
Go to Broker
80.6% of retail CFD accounts lose money.
2
of 22 Forex Broker AvaTrade
Currency pairs 47 Currencies
Max. Lever 1:30
Trading size Micro-Lot
Minimum deposit £ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 22 Forex Broker eToro
Currency pairs 47 Currencies
Max. Lever 1:30
Trading size Micro-Lot
Minimum deposit £ 200
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.

3. Account types for different groups of investors

If you are brand new to forex trading with a low starting budget, the best forex broker for you may be one with a great demo account and a low minimum deposit. If you want to learn trading tips and techniques, you’ll want to go for a broker with ample free education and training available. If you are ready to move away from major forex pairs and start trading minor and exotic pairs, then, of course, the number and range of pairs offered by each broker will be a key consideration for you.

Since – as already mentioned – each trader has different preferences, most brokers offer several account models, on average there are between three and four types. It would be advantageous if a provider is well suited for both beginners and experienced traders. But you alone decide who‘ll be the best Forex broker.

Beginner accounts are usually market maker models, meaning that the broker provides the prices directly. Advanced and professional traders, on the other hand, prefer so-called ECN or STP accounts, where the orders are forwarded to a liquidity pool consisting of ideally several liquidity providers. Liquidity providers are banks, institutional traders, large companies, etc. Entry-level offers are generally characterized by low minimum deposits and small trading sizes. Experienced traders also appreciate connectivity to trading software such as MetaTrader 4.

The fees in the form of spreads and commissions are often dependent on the account model. As explained in section 2, there are fixed and variable spreads. Fixed spreads are mostly used in Market Maker accounts, while variable spreads are used for ETN accounts. In our assessment, we make sure that the broker offers suitable accounts for different types of traders. Important are offers for both beginners and experienced traders. VIP customers (traders with very high equity and / or trading volume) should, in our opinion, also receive special offers in this segment.

4. Trading platform & mobile trading

In this category we examine the available trading platforms. Most brokers offer both a web-based application, with the trading platform running directly in the browser, as well as a mobile brokerage app. Some companies also offer software for download. This is certainly an interesting feature, but not necessarily decisive in our opinion. After all, there are good trading platforms available for download and installation such as MetaTrader 4. If there is a connection to MT4, as described in section 3, there is no need for separate software on the part of the broker.

Almost every Forex broker now offers a proprietary app for Android and iOS. Mobile trading is no longer optional, but standard. In addition, the website of the provider is usually made in responsive design, which means that the layout adapts to the browser of the smartphone. To obtain an excellent test result, a broker should therefore offer a mobile app and provide a responsive website as well.

If you have gained experience with the provider’s Forex app, you may also evaluate the quality and usability of the applications. The functionality might play a role in the assessment. Occasionally, not all features are available on the mobile app.

5. Ease of use of the website

Ease of use when it comes to software, trading platforms, and mobile apps may also be a top priority when picking a broker. You might also be looking for top quality customer support, perhaps in a specific language. Most forex broker UK and US sites are in English, but many provide language options and even multi-lingual customer support. We suggest you make a list of everything that’s vital to your trading experience and compare it to what each broker is offering.

In our Forex broker test this aspect is significant. Sure, issues like regulation, fees, or trade offer may be even more important, but you should not underestimate the usability of the website. For us it is important that customers find their way quickly. Also, all information should be easily accessible. We think a search function is simply standard for an excellent provider, the same applies to an extensive FAQ area. In the Support section, we'll go into more detail.

Just about any business can go online with a website and trading platform for a few thousand euros. But we‘ve often come across brokers who are not really interested in their customers, with unfriendly websites. So the website is a means to determine to what extent a good customer relationship is important to the company. By the way, user-friendliness not only means easy retrieval of information, but also correct use of language in the design.

In this category we also check if the website is easily available even during turbulent stock market phases. Companies who try to cut corners in the wrong places are often unavailable by the platform during such times. Have you already made your own experiences about this? Ultimately, a trader needs reliable access to his trading account especially during such times.

Beitragsbilder Ratgeber Forex

6. Customer support

Testing customer service ranks high with us. The employees of a company are the figurehead of the broker, representing the provider. If they are well trained and respond to the customer‘s requests professionally, this demonstrates that the broker is interested in the success and satisfaction of their clients. Good customer support is characterized by extensive availability.

This concerns the channels through which the support staff can be reached, and also the times of availability. Forex trading is usually possible 24/5. Therefore, questions can pop up 24/5 as well. Among the contact opportunities a broker should offer are email, live chat, and phone support. Live chat in particular has certainly gained in importance in recent years. An extensive FAQ area is also part of a very good customer support. After all, most customers first look up the provider’s website.

Have you already had some experience with the support of your Forex broker? If so, what was the reaction of the employees? Were you satisfied with the reaction speed, the friendliness and also the competence of the support? Of course, we’d accept that occasionally and with trickier questions the support staff has to ask the respective department first.

7. Methods of payment

An essential part of our Forex experience is the testing of Forex deposits and withdrawals. Here, too, there has been a change in the last few years. In the past, there were only a few payment methods available, usually the bank transfer. But customers value diversity as well as speed when paying in and out. In our opinion, a broker should therefore offer a range of payment options. These include the „standard offer“, namely the bank transfer, credit cards and e-wallet providers such as PayPal, Skrill or Neteller. Even better if payment methods such as Sofortüberweisung, Giropay and Paysafecard were available, too. Deposits by credit card, Sofortüberweisung or PayPal have the advantage that the money is instantly available on the trading account. This is especially important if the trader wants to take a trading opportunity, but just does not have the necessary capital in the trading account. Therefore, a vendor should have at least one of these payment methods ready.

In addition to the number of payment methods, the fees play an essential role as well. High fees must be recouped through better trading performance. Since there are now brokers who charge no or minimal fees for deposits and withdrawals, this should also be the standard with a top broker.

You might want to consider these points:

  • Amount of minimum deposit
  • Amount of minimum payout
  • Number and choice of payment methods
  • Speed in transaction
  • Costs and fees for deposits and withdrawals

8. Additional offers

In our experience, outstanding brokers also offer comprehensive additional services. Here we imply less a bonus, although that‘s part of it, but rather support in trading. Especially a free Forex demo account should be included. Thus beginners in particular can slowly find their bearings in the Forex trade. With a demo account you get access to the trading platform under real trading conditions. You will be provided with a virtual balance that you can use to open positions, but there is no risk of losing real money, since it is only a virtual credit.

On the one hand, clients get to know the platform and the offer of the broker. On the other hand, users get an introduction to Forex trading. Even advanced traders like to use demo accounts to try out new strategies.

Besides, we examine the offer in the field of education and training. Free ebooks, webinars, seminars, video courses, informational materials etc. are all ways to convey Forex knowledge. We test not only the quantity, but also the quality of the training content. Other assistance includes market reports, news articles and an economic calendar with all relevant dates. Good brokers also explain how to provide an economic calendar. Providers explain the importance of the dates and demonstrate their impact on certain currency pairs.
Beitragsbilder Ratgeber Forex

9. Regulation & Deposit Insurance

If you are looking for peace of mind and reliability from your forex broker, UK companies regulated by the FCA, or international brokers regulated by the relevant bodies in their jurisdiction, are going to appeal to you. Want to trade mainly in cryptocurrency? Then regulation is probably the last thing on your mind. Digital currencies are largely unregulated (although financial authorities are trying to change that) and many crypto traders thrive on the fact that they are trading in cutting-edge currencies outside the control of the traditional financial industry!

Studying the regulation and deposit insurance of a provider closely matters a lot to us. However, just regulation is generally not enough. Rather, we look at where the providers are based. For example, regulation by the German BaFin is quite different from the regulation by a South Sea nation.

We value the fact that brokers are regulated by a North American, the Japanese or an EU authority. Of course that does not imply that companies based outside these countries are automatically dubious. But the likelihood that investors would accuse a broker regulated by an EU agency of Forex fraud is much lower.

Of course, we cannot call a Forex broker reputable with absolute certainty. But there are quite a few things to look out for to avoid Forex fraud when trading.

In addition to regulation, we look closely at the scope and amount of the deposit insurance. Brokers based in the United Kingdom, for example, offer a deposit insurance of GBP 50.000. There are even some listed companies, which is a good indicator of integrity, as these companies need to comply with even more safety regulations. Traders should also opt for Forex brokers without subsequent payment obligation.

Other aspects we value:

  • Separate accounts: client funds are managed separately from corporate assets
  • SSL encryption of the website
  • MiFID requirements (EU directives for financial institutions)
  • Secure payment processing
  • Adherence to compliance guidelines

10. Opinions from the Trade Press & Awards

A broker who can establish himself as the best Forex provider should, in our opinion, also have positive coverage by the trade press, but maybe you will see this differently.

Naturally, Forex brokers are rarely mentioned in the major media, and so, above all, and as already mentioned, we pay attention to coverage in the specialist media dealing predominantly with these topics. The bigger and better known the company, the more diverse the coverage and there might be an occasional negative headline. But in general, the media should report positively about the broker.

In addition to the media coverage we look out for Forex awards. What matters most to us is the quality of the award, that is, who gives the award, and why. Awards are given, for example, for excellent trading quality, customer service, low fees etc. The more renowned the one who gives the award, the more „valuable“ is the award.

A good rating by a well known customer protection agency would be rated higher, for example, than a rating by a completely unknown institute. This also makes it clear that a brand new broker on the market cannot be a top provider. We find that a broker first has to earn a certain reputation, proving he keeps what he promises.

1
of 22 Forex Broker Plus500
Currency pairs 61 Currencies
Max. Lever 1:30
Trading size Depends on underlying
Minimum deposit £ 100
Go to Broker
80.6% of retail CFD accounts lose money.
2
of 22 Forex Broker AvaTrade
Currency pairs 47 Currencies
Max. Lever 1:30
Trading size Micro-Lot
Minimum deposit £ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 22 Forex Broker eToro
Currency pairs 47 Currencies
Max. Lever 1:30
Trading size Micro-Lot
Minimum deposit £ 200
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
4
of 22 Forex Broker Markets.com
Currency pairs 50 Currencies
Max. Lever 1:30
Trading size Micro-Lot
Minimum deposit £ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
5
of 22 Forex Broker Cityindex
Currency pairs 84 Currencies
Max. Lever 1:30
Trading size Mini-Lot
Minimum deposit £ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
1
of 6 ETF Broker IG
ETFs w/ discount 1200
Custody fee 0 GBP
Min. deposit £ 0
Trading from 5 GBP
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
2
of 6 ETF Broker Fidelity
ETFs w/ discount 93
Custody fee 0 GBP
Min. deposit £ 2.500
Trading from 25 GBP
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 6 ETF Broker AJ Bell Youinvest
ETFs w/ discount
Custody fee 0 GBP
Min. deposit £ 0.00
Trading from 1,50 GBP
Go to IG
Risk warning: Capital can be lost. Terms and conditions apply.
4
of 6 ETF Broker Bestinvest
ETFs w/ discount 216
Custody fee 0.4% annually
Min. deposit £ 500
Trading from 0 GBP
Go to IG
Risk warning: Capital can be lost. Terms and conditions apply.
5
of 6 ETF Broker DEGIRO
ETFs w/ discount 740
Custody fee 0 GBP
Min. deposit £ 0
Trading from 1,75 GBP + 0,004%
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
1
of 9 Stock Broker IG Stock
National fees £ 8,00
Custody fee £ 8,00
Intl. fees 10 EUR
Dep. Protection 50,000 GBP
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
2
of 9 Stock Broker Interactive Investor
National fees 10.00 £
Custody fee 22.50 £ quaterly
Intl. fees 10.00 £
Dep. Protection 50.000 GBP
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 9 Stock Broker Calamatta Cuschieri
National fees £ 7.50
Custody fee £ 0.00
Intl. fees £ 7.50
Dep. Protection 100.000€
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
4
of 9 Stock Broker Hargreaves Lansdown
National fees 11,95 £
Custody fee 0,00 £
Intl. fees 11,95 £
Dep. Protection 50.000 £
Go to IG
Risk warning: Capital can be lost. Terms and conditions apply.
5
of 9 Stock Broker Fidelity
National fees £ 10,00
Custody fee 0,35%
Intl. fees £ 10,00
Dep. Protection 50,000 GBP
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
1
of 23 CFD Broker Plus500
FTSE spread Variable
Dep. Protection £ 50.000
Max. Lever 1:30
Min. deposit $/€/£ 100
Go to Broker
80.6% of retail CFD accounts lose money.
2
of 23 CFD Broker AvaTrade
FTSE spread 1.5 Points
Dep. Protection € 50.000
Max. Lever 1:30
Min. deposit £ 250
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 23 CFD Broker eToro
FTSE spread 1.50 Points
Dep. Protection £ 50000
Max. Lever 1:30
Min. deposit £ 200
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
4
of 23 CFD Broker Markets.com
FTSE spread 1.5 Points
Dep. Protection £ 20.000
Max. Lever 1:30
Min. deposit £ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
5
of 23 CFD Broker City Index
FTSE spread 1.0 Point
Dep. Protection £ 85.000
Max. Lever 1:30
Min. deposit £ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
1
of 14 Crypto Broker IG
Crypto currencies 6
Max. Lever 1:2
Min. deposit £ 250
BTC spread 70 points
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
2
of 14 Crypto Broker IQ Option
Crypto currencies 13
Max. Lever 1:1
Min. deposit $ 100
BTC spread 6 percent
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 14 Crypto Broker Plus500
Crypto currencies 10
Max. Lever 1:2
Min. deposit £ 100
BTC spread variable
Go to Broker
80.6% of retail CFD accounts lose money.
4
of 14 Crypto Broker 24Option
Crypto currencies 5
Max. Lever 1:2
Min. deposit £ 500
BTC spread N/A
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
5
of 14 Crypto Broker City Index
Crypto currencies 5
Max. Lever 1:2
Min. deposit £ 0
BTC spread 40
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
1
of 6 Social Trading Broker eToro
Underlying assets 866
Dep. Protection 50000
Min. deposit £ 200
Max. Lever 1:30
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
2
of 6 Social Trading Broker ZuluTrade
Underlying assets 0
Dep. Protection 0
Min. deposit £ 0
Max. Lever 1:30
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 6 Social Trading Broker Ayondo
Underlying assets 90
Dep. Protection 1000000
Min. deposit £ 2000
Max. Lever 1:30
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
4
of 6 Social Trading Broker Tradeo
Underlying assets 122
Dep. Protection 20000
Min. deposit £ 250
Max. Lever 1:30
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
5
of 6 Social Trading Broker FXTM
Underlying assets 247
Dep. Protection 20000
Min. deposit £ 10
Max. Lever 1:30
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
1
of 9 Spread Betting Broker IG
FTSE spread 1 Point
Dep. Protection 50000
Max. Lever 1:30
Min. deposit £ 0
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
2
of 9 Spread Betting Broker City Index
FTSE spread 1 Point
Dep. Protection 50000
Max. Lever 1:20
Min. deposit £ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
3
of 9 Spread Betting Broker ETX Capital
FTSE spread 0.1 Points
Dep. Protection 50000
Max. Lever 1:30
Min. deposit $ 100
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
4
of 9 Spread Betting Broker Core Spreads
FTSE spread 0.8 Points
Dep. Protection 50000
Max. Lever 1:30
Min. deposit £ 10
Go to IG
Risk warning: Capital can be lost. Terms and conditions apply.
5
of 9 Spread Betting Broker OANDA
FTSE spread 1 Point
Dep. Protection 50000
Max. Lever 1:30
Min. deposit £ 0
Go to IG
Risk warning: Capital can be lost. Terms and conditions apply.

Who‘s your Forex Test Winner? Vote now!

We have outlined the strict criteria we use in our broker comparison to give you an idea about how extensive and detailed an evaluation can be. When selecting your best Forex broker you are welcome to include these aspects. Let's emphasize once again that the reviews you find on this page come solely from our readers. Our opinion has no bearing on the ranking.

That is, we do not select the Forex test winner, but you do. With this guide, we provide you with an overview of which criteria you might incorporate into your assessment.

Since we are an independent portal, we are not committed to a company, but carry out our comparison and testing objectively. We made our own experiences with the providers, including opening an account,contacting the support with questions and making trades. Since we have our own relevant experience in trading, you are also welcome to rely on our expertise.

You have to be satisfied with the provider. Therefore you‘ll find only authentic reviews of real users. Vote on who should be the test winner and help other readers to get an extensive picture of the provider. The broker with the most votes will receive the readers‘ award at the end of the year!

Don’t forget you can access our top forex broker suggestions by clicking the ‘Go To Broker’ buttons, and check that they offer everything you need before you sign up. You can even sign up for demo accounts with those brokers that offer them and give them a thorough test run.

Ultimately, choosing the right forex broker can have a big impact on your trading success. Take some time to browse our forex broker comparison below and check out the sites that interest you.

Need more information on online trading? Take a look at our detailed, searchable trading guide to find out everything you need to know.