The Top Rated Forex Brokers List

Choosing the right Forex broker can be an overwhelming task, and with so many different brokerage services available today, you might be scratching your head wondering which is best suited for you.

Alan WheelerHi there! My name is Alan Wheeler, and I’ve been a Forex Market Analyst for the past 13 years.

I’ve also had the honour of working with some big time investors, brokers and CEO’s of large financial companies.

I know how daunting it is when it’s time to put your trust into a brokerage firm, and that’s why I’ve compiled a list of the top rated Forex brokers so you have peace of mind before depositing any of your money.

I’m also going to list some brokers to stay away from and why, so please read on so you’re in the know.

Jump to: The Top 2 List | Forex Brokers To Avoid | What To Look For When Choosing A Broker

Most Trusted and Reputable Forex Brokers

# Broker Min Deposit Regulation Visit Site

$100 CySEC, FSB Visit Broker
Plus500 $100 FCA (UK), CySEC, ASIC Visit Broker
XM $5 CySec Visit Broker
AvaTrade $100 MiFID Visit Broker
⋆⋆⋆⋆ $250 CySEC Visit Broker
HYCM $50 FCA Visit Broker
easyMarkets $200 CySEC Visit Broker
⋆⋆⋆⋆ $250 FCA Visit Broker
eToro $50 CySEC, FCA Visit Broker

The Top 2 Broker List

Markets: For those looking for an online broker with fast execution, tight spreads and a competitive edge then Markets are well worth looking into.

With multiple platforms to choose from including MetaTrader 4. With peace of mind knowing they are registered by the major regulators and licensed by CySEC and FSB. Markets are a highly reputable firm.

Key Features:

  • Multiple Platforms.
  • Clean and User-friendly Interface.
  • Top Notch Education Centre.
  • Spreads From 2 Pips.
Regulation: CySec + FSB
Rating: ⋆⋆⋆⋆⋆


Plus500: There is a good reason why Plus500 have made the top 3 and that’s because they are one of the leading providers of contracts for different CFD’s with facilities for shares, forex, commodities, ETF’s, options and offer a portfolio of over 1000 instruments.

Because of their low deposit requirements, Plus500 is an ideal choice for first time traders.

One reason why I’ve personally moved to Plus500 is because of their new Web Trader. The advanced technology they offer with such a clean and user-friendly interface is perfect for monitoring the markets.

If you’re looking for a trustworthy broker that looks after their clients, I highly recommend visiting their website for further research.

Key Features:

  • 24/7 Support
  • Low Fixed spreads
  • Low Minimum Deposit Requirement
  • Regulated Broker
  • User Friendly Platform
  • Wide range of assets
Regulation: CySec
Bonus: Zero Commissions
Rating: ⋆⋆⋆⋆⋆

AvoidForex Brokers To Avoid

With an influx of traders and money poured into Forex comes shady brokers that will do anything to take your money.

This is why I always recommend going with a reputable firm that is well regulated, well known and trusted within the Forex community.

After researching major forex broker review sites, I’ve compiled a list Forex Brokers to be very cautious of.

Below is a list of Forex Brokerage Firms to stay clear of:

  • Trade24- updated 9 Feb 2017
  • CWM FX
  • InstaForex
  • Sigma Forex
  • Crown Forex
  • Peregrine Financial Group
  • Forex Macro
  • Refco
  • Cyber Market group

CheckWhat To Look For When Choosing A Broker

By now you’re probably aware that you can’t start trading unless you have a broker.

Before you rush in and partner with a broker it’s important to do your research and due diligence to avoid any future problems.

Here are a few things to consider when conducting your research.

  • What are the minimums?
    A lot of brokers require a minimum deposit for opening an account.
  • What are the margins?
    What kind of margins are involved.
  • Withdrawal Restrictions?
    What kind of withdrawal restrictions are there if any.
  • Fee Structure
    Different brokers will have different fees, so it’s important to look into their fee structure.
  • What Kind of Bonus Is Available
    Be sure to read the terms and conditions, some brokers require x amount of trades before withdrawing.

Need A Mentor?

Alan WheelerIf you’re a beginner and want to learn what it takes to become a successful trader, I highly recommend investing in some Forex education.

The best forex trading course and mentoring program that I’ve ever seen is Forex Mentor Pro.

With step by step video training and daily analysis of trades, this course is designed to force you to succeed.

Watch this video presentation to learn more about Forex Mentor Pro.

Frequently Asked Questions

What Is A Forex Broker
What Risks Are Involved
What Are Forex Regulations
How Do I Get Started
What Is The Minimum Deposit To Get Started
What Do I Need To Get Started
Help! A Broker Scammed Me