10 Biggest Forex Brokers In The World Updated 2026

Our evaluation considered trading costs like spreads and commissions, regulatory compliance, and platform usability. The Specialty Awards recognise brokers that go above and beyond in specific areas like education, risk management, or innovation. Our team reviewed spreads, trading fees, platform functionality, and available CFDs, such as gold, oil, and natural gas. We focused on those offering direct access to global exchanges, competitive commission structures, and advanced research tools. With over 60 forex pairs, including majors, minors, and exotics, Pepperstone delivers flexibility for all strategies, from scalping to swing trading. With spreads starting as low as 0.06 pips on EUR/USD and competitive rates on major and minor pairs, it’s ideal for scalpers and high-frequency traders.

• Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.
• See what users are saying about a brokerage and its platforms, and whether they have high ratings.
• Yes, client funds are highly safe with large forex brokers due to strict regulation.
• AvaTrade is one of the biggest and most trusted forex brokers in the world, founded in 2006 and legally regulated across multiple jurisdictions, including the Central Bank of Ireland, ASIC, and FSCA.

Compare The Best Online Brokers

Pepperstone is the Best Broker Overall for 2025 thanks to low trading costs, fast execution, and advanced platforms like MT4, MT5, and cTrader. Client feedback and real-world trading data https://www.trustpilot.com/review/iqcent.pro are also considered to ensure our results reflect actual trader experiences. In addition, we evaluate execution speeds, customer support quality, and the broker’s ability to deliver low trading costs through competitive spreads and commissions. Many online brokers, including the ones on our list, are full-service brokers.

What Platforms Does Oanda Offer?

That being said, each forex broker provides a different assortment of tradeable instruments and forex pairs, and some might also offer currency-related commodities like crude oil or gold – some even offer the ability to trade cryptocurrencies. Most reputable forex brokers will be overseen by a major financial regulator, such as the Financial Conduct Authority (FCA) in the U.K. Each forex broker may offer different trading tools and order types. As market participants (forex traders) shift their expectations – and their positions – to encompass new information, they are betting that the currency supply/demand balance shifts to either a higher or lower rate. City Index delivers a well-designed mobile trading app and a powerful web platform, as well as a large range of tradeable markets (though pricing is just average).

Investors or social traders can trade https://tradingfinder.com/option/iqcent/trading-platform/ with eToro, IC Markets, or HotForex Markets. Beginner traders can try any of FP Markets, XM, or FBS. Every regulated broker displays their regulatory information conspicuously on their website. CTrader and TradingView are great for advanced traders who need a complex charting package. Advanced traders who trade CFDs or use complex order types should use MT5.

Commissions

• Select a trustworthy forex broker that offers an extensive list of risk management tools, such as stop-loss and guaranteed stop-loss orders.
• You can access robo-advisory services and trade during extended hours.
• As well as this, the broker is regulated by CySEC in Europe, and has more than 20 years of experience in the forex market.
• To start trading, you’ll need access to a forex trading platform that can execute transactions – whether that’s provided by a regulated broker, a third-party developer, or a custom system via an API.
• If you’re interested in futures trading, TradeStation offers a dedicated platform.

This course is designed to help investors understand the implications of trading outside of their domestic market. IBKR Campus was created by Interactive Brokers to provide a wide variety of financial education offerings to our clients and the general public. Trade stocks on overseas exchanges and attach an FX order to the equity trade to hedge the currency you want at the time of trade. View, trade, and manage your account all with a single login. Open a simulated trading account in seconds and try IBKR GlobalTrader before opening a live trading account. In addition, each platform offers support for multiple languages.

Best For New Investors

• Its advanced ECN infrastructure and reliable MetaTrader and cTrader platforms make it a top choice for professional and high-volume traders globally.
• EToro’s proprietary trading platform also has a newsfeed feature where you can keep up to date with others’ strategies and the latest market news.
• BDSwiss offers various account types to cater to the diverse needs of traders, along with educational resources, market analysis, and dedicated customer support.
• For more on brokerage app reviews, check out the Forbes Advisor’s ranking on best investing apps.

The methodology we use for measuring trust includes how many tier-1, 2 and 3 licenses a broker has. As are an excellent customer reputation, and a history of solid trading practices. I also rate OANDA’s safety highly, as nine different authorities regulate the brokerage. They indicates that the broker works hard to ensure competitive pricing for its customers. Low commission-free spreads really boost OANDA’s trustworthiness in my book. So you’ve got a significant saving of 0.41 pips per trade here.

Are Online Brokers Safe?

You can even trade over 2800 real stocks from 16 major exchanges around the world, via the broker’s xStation platform. I rate XTB as one of the top CFD brokers, as they offer thousands of instruments in this category. In my experience with the broker, XTB offers an excellent variety of research and educational resources. EToro’s proprietary trading platform also has a newsfeed feature where you can keep up to date with others’ strategies and the latest market news.

TradeStation and Interactive Brokers (IBKR) are good choices if you’re primarily focusing on brokerage apps with advanced tools and order types. If you’re looking for simplicity and ease of use, consider a brokerage like eToro, Webull; which started off as a mobile platform, and Robinhood, another mobile-first platform. Fidelity, Charles Schwab, Robinhood, Webull and Interactive Brokers are examples of low-cost trading brokerages. The best online brokers usually have no minimum deposit requirements, so you can start investing with a dollar or two.

• As one might expect, in order to try to predict future changes in exchange rates, traders need to keep themselves apprised of the fundamental details pertaining to each of the currencies in a particular currency pair.
• In most cases, this system can be opaque, and only as a broker employee do you know the exact functions.
• They averaged 1.26 pips for Standard account holders, which is a good saving on the industry average of 1.53 pips.
• They offer 24/5 or 24/7 multilingual customer service (via live chat, email, and phone) to cover all global time zones, ensuring traders worldwide receive prompt and reliable assistance in various languages.
• CTrader and TradingView are great for advanced traders who need a complex charting package.
• Our cloud-based trading system has the latest 2FA account security.

Analyze and trade the markets from the palm of your hand, plus get the benefit of a unified experience with our Web Trading platform. ✔ Consistent Cost To TradeIn the forex futures market, traders generally pay a commission per contract, but often the true cost of the trade is expressed in the bid/ask spread, which is set by supply and demand and the available liquidity. Futures markets and brokers are highly regulated, with all transactions generally consolidated at one exchange. Trade stocks, options, futures, currencies, bonds and funds on over 160 markets worldwide from a single unified platform. Trade stocks, options, futures, and more on over 160 markets worldwide from this easy-to-use platform, and continue to enjoy IBKR’s great pricing, order execution, research, and market data services. Our Country and Regional Awards spotlight brokers with strong local performance and regulatory compliance, ensuring traders can trust their chosen broker.

Cent accounts are suitable for traders who want to start with very small amounts of money. The solution is to switch to a forex broker with another regulation authority that has no restrictions to high-leverage trading. Also, you will get the best trading conditions with these types of brokers. Of course, the broker can hedge himself on the real markets so that there are no distortions in supply and demand. This broker does not place the trader’s orders directly into the real interbank or spot market. The best brokers offer 24/7 support availability in multiple languages and often have a knowledge base section with commonly asked questions.

Which Forex Brokers Offer The Most Cfds?

Though advanced traders praise TradeStation’s advanced tools, less experienced traders say its platforms are intimidating and complex. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, iqcent reviews and third-party trading tools. These brokers each offer a vast selection of educational content to help new traders familiarize themselves with the forex world. All of the forex brokers listed here on BrokerNotes or reviewed on our sister site ForexBrokers.com are regulated by at least one financial regulatory agency. To start trading, you’ll need access to a forex trading platform that can execute transactions – whether that’s provided by a regulated broker, a third-party developer, or a custom system via an API. Our team tests dozens of the biggest names in foreign exchange, and – using a proprietary formula that takes into account a range of factors, including trust – we rank the best brokers for forex trading.

However, there are criticisms about lags in trading execution, difficulty withdrawing funds and poor customer support. The Webull Cash Management account also earns a competitive APY, so you can earn interest on your invested cash. Some users appreciate the platform and app’s ease of use, while others are dissatisfied by the user interface and frequent app updates. Fidelity is best for investors looking for a brokerage that supports long-term investment.