Forex broker comparison

Forex broker comparison

Which forex broker is the best for you? Our forex brokers comparison table lists the typical spread on major currencies, the forex broker's commission, the maximum leverage, and the minimum deposit for the top online forex brokers. By clicking on the name of a forex broker, you will get access to more detailed information and customer reviews. To find out what is the best forex broker for you, fill in the interactive form at the bottom of this page.

Compare forex brokers

Forex broker Spread on majors (pips) Commission (pips) Maximum leverage Minimum deposit
InstaForex 0.0-3.0 0.00-7.00 1000:1 1
Easy Forex 3.0-5.0 0.00-0.00 200:1 25
LiteForex 0.0-3.0 0.00-0.00 500:1 1
FXOpen 0.0-4.0 0.00-0.25 500:1 1
Dukascopy 0.5-2.0 0.05-0.48 100:1 1000
Forex Metal 1.5-3.0 0.00-0.00 500:1 1
AGEA 0.9-4.0 0.00-0.00 500:1 1
Nord FX 0.0-3.0 0.00-0.70 500:1 5
AvaTrade 3.0-4.0 0.00-0.00 400:1 100
Finexo 3.0-4.0 0.00-0.00 200:1 25
FXcast 0.9-4.0 0.00-0.00 400:1 10
Forexyard 2.2-4.0 0.00-0.00 200:1 100
eToro 2.0-3.0 0.00-0.00 400:1 50
HY Markets 2.0-5.0 0.00-0.00 300:1 50
Finotec 0.0-2.0 0.55-1.50 200:1 200
Plus500 2.0-4.0 0.00-0.00 50:1 0
Oanda 0.9-4.0 0.00-0.00 50:1 1
Alpari 0.0-3.8 0.00-0.60 500:1 200
GFT 0.8-2.0 0.00-0.00 400:1 250
Fastbrokers 0.0-4.0 0.29-0.29 50:1 2500

Which forex broker is the best for you?

Find the forex broker best suitable to your forex trading strategy in 12 easy steps. By filling the following questionnaire, you can filter the results in the table above using your own criteria. If you do not know which criteria are important to identify the best forex brokers, read our How to choose a forex broker tutorial first.

1. Regulated forex brokers

Many but not all forex brokers are registered with a regulatory authority, such as NFA or FSA. More oversight makes your money safer.

Show only regulated forex brokers.

2. ECN forex brokers versus market makers

ECN brokers offer the lowest spread (transaction costs) and never trade against their clients.

Include only ECN forex brokers.

3. Spread and commission

Spread is the cost of each trade, paid to the broker. Although each currency pair has a different spread, a good indicator is EUR/USD, which has usually the lowest spread available. In addition to the spread, ECN forex brokers usually also charge an extra commission for each trade.

Show only fixed spread forex brokers.

Show only forex brokers with a variable spread.

Include only forex brokers with their lowest spread of 2 pips or lower.

Include only no commission forex brokers.

4. Leverage

Higher leverage increases your potential profit, but, if used unwisely, can also increase your risk.

Show only forex brokers with a leverage of at least 100:1.

Show only forex brokers with a leverage of at least 200:1.

Show only forex brokers with a leverage of at least 400:1.

5. Minimum deposit

The required initial deposit and smallest trade size vary a lot across forex brokers. If your capital is limited, choose a broker that would allow you to trade with a small amount of money.

Show only forex brokers who require a minimum deposit of $1,000 or lower.

Show only forex brokers who require a minimum deposit of $100 or lower.

6. Minimum transaction size

The smallest trade size in the forex market is traditionally 100,000 units of the base currency (called a "lot"). However, many forex brokers now also accept smaller trades.

Show only forex brokers with the minimum trade size of $10,000 ("minilot") or less.

Show only forex brokers with the minimum trade size of $1,000 ("microlot") or less.

Show only forex brokers with the minimum trade size of $100 or less.

7. Forex trading platform and strategies

The most popular forex trading platform is MetaTrader 4 (MT4), but it is not the only option out there.

Include only forex brokers that use MetaTrader 4 (MT4) or MetaTrader 5 (MT5).

Include only forex brokers whose trading platform allows hedging.

Include only forex brokers with a trailing stop.

Include only forex brokers who offer automated forex trading for free.

Include only forex brokers with mobile trading.

Include only forex brokers that allow scalping.

8. Forex trading account

Show only forex brokers who pay interest on unused balance.

Show only forex brokers offering Islamic swap-free accounts.

Show only forex brokers that offer safe segregated accounts.

Show only forex brokers with a free demo account.

I want to hold my forex trading account in:

9. Forex trading instruments

I want to trade:

at least 50 currency pairs.

also precious metals (gold and silver).

also oil.

also stocks, CFDs, and indices.

10. Deposit and withdrawal

Show forex brokers allowing to fund an account by credit card.

Show forex brokers allowing to fund an account by PayPal.

Show forex brokers allowing to fund an account by bank wire.

11. Country of the forex broker

Include only European forex brokers (the European Union).

Include only Swiss forex brokers (Switzerland).

Include only British forex brokers (the United Kingdom).

Include only North American forex brokers (the United States, Canada).

Show forex brokers that accept US customers.

12. Communication

Show only forex brokers with a live chat.

I want my forex broker to have customer support in: