Best Forex Brokers

Below are the online forex brokers that are highly recommended. Why do we highly recommend these forex brokers?  Well, first of all we don't. The retail forex traders of the world do. Our opinion plays no role in deciding which brokers make this list. See our notes below the list for details on how this list was compiled.

There are 9 online forex brokers on this list and we have over 220 brokers identified on this web site. This is therefore, in the collective opinion of the world's retail forex traders, the cream of the crop, the top 5%. While we do believe these are the best, there are still positives and negatives among those in this list so we urge you to read about them in more detail and do your own due diligence before entrusting your hard earned money with any of them. You may also want to check out our Recommended Forex Brokers List, our Top Rated Online Forex Brokers List, which currently includes more than 100 online forex brokers along with their independent trader ratings, and our Most Popular Online Forex Brokers List.

Dukascopy Swiss FX (8.69)

Headquarters: Geneva, Switzerland	Founded: 1998
Business Model: ECN	Forex Online Since: 2004
Regulated by: ARIF	Platform: Swiss FX Marketplace
Minimium Account: $50,000	Typical Spread on Majors: 0.5-1 pip
Minimum Transaction: 1,000,000 units	Maximum Leverage: 100:1

Delta Stock (8.49)

Headquarters: Sofia, Bulgaria	Founded: 1998
Business Model: Market Maker	Forex Online Since: 2001
Regulated by: FSA, FSC, BNB, & CNVM	Platform: Delta Trading
Minimium Account: $100	Typical Spread on Majors: 3–5 pips
Minimum Transaction: 1000 units	Maximum Leverage:  200:1

Alpari IDC (7.66)

Headquarters: London, UK	Founded: 1998
Business Model: Market Maker	Forex Online Since: 2004
Regulated by: FSA, CFTC, NFA	Platform:  Meta Trader 4
Minimium Account: $200	Typical Spread on Majors: 2-4 pips
Minimum Transaction: 1000 units	Maximum Leverage: 100:1

MG Financial Group (MG Forex) (7.64)

Headquarters: New York, NY, USA	Founded: 1992
Business Model: Market Maker	Forex Online Since: 2000
Regulated by: CFTC, NFA	Platform: Dealbook Web
Minimium Account: $200	Typical Spread on Majors: 3-5 pips
Minimum Transaction: 10,000 units	Maximum Leverage: 400:1

Windsor Brokers,Ltd. (8.73)

Headquarters: Limassol, Cyprus	Founded: 1998
Business Model: Market Maker	Forex Online Since: 2005
Regulated by: FSA, CySEC	Platform: Windsor Direct 4
Minimium Account: $300	Typical Spread on Majors: 2-5 pips
Minimum Transaction: 10,000 units	Maximum Leverage: 200:1

MB Trading (7.92)

Headquarters: El Segundo, CA, USA	Founded: 1999
Business Model: ECN	Forex Online Since: 2004
Regulated by: CFTC, NFA, FCM, SPIC, FINRA	Platform: MBT Navigator
Minimium Account: $400	Typical Spread on Majors: 1-2 pips
Minimum Transaction: 1000 units	Maximum Leverage: 100:1

Questrade Inc. (7.67)

Headquarters: Toronto, ON, CA	Founded: 1999
Business Model: Market Maker	Forex Online Since: 2004
Regulated by: IDA, CIPF	Platform: QuestradeFX
Minimium Account: $250	Typical Spread on Majors: 3-5 pips
Minimum Transaction: 10,000 units	Maximum Leverage: 200:1

Oanda (6.38)

Headquarters: New York, NY	Founded: 1996
Business Model: Market Maker	Forex Online Since: 2001
Regulated by: NFA, CFTC	Platform: FXTrade
Minimium Account: $1	Typical Spread on Majors: 1-3 pips
Minimum Transaction: 1 unit	Maximum Leverage: 50:1

Interactive Brokers (6.99)

Headquarters: Greenwich, CT, USA	Founded: 1977
Business Model: ECN	Forex Online Since: 1998
Regulated by: SEC, NASD, NYSE, SFA, FINRA	Platform: Trader Workstation
Minimium Account: $5000	Typical Spread on Majors: 1-3 pips
Minimum Transaction: 100,000 units	Maximum Leverage: 50:1

Criteria for Inclusion on the Best Forex Brokers List

Here is the criteria that is used to determine which brokers make this list -

The broker must be rated as one of the top 50 online forex brokers based upon the data we have collected from individual forex traders from numerous websites worldwide.  Please see our Top Rated Online Forex Brokers page for a full listing and details of our rating methodology.  The broker must also be one of the 50 most popular online forex brokers per our popularity rankings.  You can see the entire popularity rankings and a detailed explanation of how we determine these rankings on our Most Popular Online Forex Brokers page.


The broker must be in the top 25 of the combined Ratings/Popularity Ranking.  Please see our Forex Broker Ratings/Popularity Rankings page for a full list.

Each forex broker on our Best Online Forex Brokers List must show solid evidence of being regulated by at least one legitimate government regulatory agency overseeing the retail forex trade and must not have been sanctioned in any way in the past by regulatory agencies.  The final requirement is that they must have provided us with at least the miminum required set of information for the broker snapshots above.

Forex Articles

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Forex Trading - Are All Forex Brokers Created Equal?
Choosing a Good Forex Broker
Choosing a Reputable Forex Broker
Finding a Forex Broker
Finding the Right Forex Broker
Forex Trading - Brokers = Enemy
Forex Trading Broker Systems
Forex Trading Brokers
How to Choose a Forex Broker
How to Select a Forex Broker
Forex Brokers - Tips for Choosing the Best Forex Broker
Tips On Choosing Your Forex Broker

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Forex Charts - 6 Common Errors that Cause Equity Wipeout
A Guide to Forex Charts: Forex Forecast Tool or Voodoo?
Forex Charts - Essential Indicators for Bigger Forex Profits
Forex Charts - This Equation is Critical for Forex Trading Success
Forex Charts - Novice Trading Mistakes
Technical Analysis - Reading Forex Charts
Forex Charts - The Fatal Mistake 90% of Novice Traders Make
Learn How You Can Trade the Forex Market with Naked Charts!
Forex Charts - Using Technical Analysis for Bigger FX Profits
Forex Charts - Using the ADX Indicator for Bigger Profits
Forex Charts - Using the Symmetrical Triangle for Bigger Profits

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Forex Currency Trading Online - 5 Steps to Avoid Tragedy
Forex Currency Trading Basics: Are You a Bull or a Bear?
Choosing a Forex Currency Trading System
Forex Currency Trading System - How to Get the Most Out of Yours
Forex Trading System - How to Pull the Trigger to Trade at the Right Time
Forex Currency Trading - Knowledge is the Key to Success
The Continued Success of Forex Currency Trading
Understanding Currency Pairs in Forex Currency Trading

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Forex Day Trading - Critical Facts You Need to Know
Day Trading Forex Currency
Day Trading the Forex Market - A Way to Improve Your Trading Score
Forex Day Trading - 3 Facts You Need to Know to Prevent Losses
Forex Day Trading - An Overview
Forex Day Trading Systems - Making Big Consistent Profits From Them
Forex Day Trading Systems - The Opportunities are Endless
Forex Day Trading Tips You Need to Know
Forex Day Trading
Perks of Automated Forex Day Trading
Forex Day Trading - Picking the Best Systems for Profit
Switch From Casual Trading to Forex Day Trading
Forex Trading - The Day Trading Myth
Tweaking the Sensitivity of Moving Averages for Fast Paced Day Trading

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Forex Education – Bollinger Bands Can Give You a Huge Trading Edge
Getting a Good Forex Education
Forex Education - Getting the Right Education to Win
Forex Education- How to Cut the Learning Curve in Half
Lack of Forex Education a Major Cause of Failure
Quality Forex Education Resources
Forex Education – Read This Before You Think of Paying for It
Forex Education - The Best Way to Become a Profitable Trader
Forex Education - The Truth About Buying Information From an Expert
Forex Education - Understanding Standard Deviation for Bigger Profits
Forex Education - Work Smart, Not Hard to Succeed

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Discover Forex Futures Trading
Forex Future Trading
Forex Futures - What Do I Need to Know About Trading Forex Futures?
Knowing What Forex Futures Trading is All About

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Analyzing Movements in the Forex Market
These Simple Trading Mistakes Can Cost You Money in the Forex Market
Forex: Benefits of Trading the Forex Market
Factors That Impact the Forex Market
Forex Market Behavior
Forex Market Heats Up for the Individual Trader
How to Decipher Forex Market Quotes
How to Profit by Trade Off Dynamic Support and Resistance in Forex
How to Profit Trading Daily Pin Bars in the Forex Market
Forex Trading - Is the Forex Market Random?
Scalping the Forex Market for Profits Every Day!
Technical Analysis of the Forex Market
Learn Forex Trading - The 4 Fundamentals of a Good Trading Market
The Best Time to Trade the Forex Market
The Forex Market and the Use of Currency Options
Two Methods for Analyzing Movements in the Forex Market
Why Trade in the Forex Market?

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Forex Forecast of Currency Price Determined by the Forex News
Forex News Trader - How to Trade Forex Using News & Economic Releases
Forex News Trading Tip - How to Trade the FOMC
How Does Forex News Trading Work?
How Forex News Online Can Increase Your Profits
Why Trading Off News Stories Will Guarantee You Will Lose

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Are Forex Signals Fool Proof?
Automated Wealth Forex Signals
Finding Reliable Forex Signals
Forex Signals and Money Management
Forex Signals and Their Importance to Forex Traders
Forex Signals Providers and My Experience
Forex Signals Reviewed
Forex Trading Signals
General Criteria to Assess Usefulness of Forex Trading Signals
Getting Ahead With Forex Signals
Take Advantage of Forex Signals to Increase Your Trading Potential
Using Forex Trading Alert Software for Fast and Effective Trading

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Forex Software: A Critical Element for Success
Forex Trading - Automated Trading = Automatic Money
Benefits of Using Forex Software
Choose Automated Forex Software that Fits Your Trading Needs
Forex Currency Trading Software - Knowing the Functions
Forex Online - Trading Software
Forex Software - Choosing the Best
Forex Software Packages
Forex Software Types
Forex Trading Software - 3 Most Important Criteria in Selecting the Best Forex Trading Software
Good Forex Software - Does It Really Exist?
How to Find the Winning Trading Software for Forex Trading
Utilizing Trading Software in the Forex Market

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Forex Trade: Main Drawbacks of a Forex Trader
Preparing to Make Your First Forex Trade
Forex - Trade the Right Currency Pair
Forex - Trade Too Often, Lose Too Often

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5 Simple Steps to Turn You Into an Elite Forex Trader
Becoming a Forex Trader Means Mastering the Tools of the Trade
Forex Terms Every Forex Trader Should Know
Get the Help You Need to Become a Profitable Forex Trader
The Forex Trader Does Not Need to Be Right but He Has to Be Objective
The Mindset of the Successful Forex Trader
The Novice Forex Trader Needs to Manage His Money Carefully
Utilize Online Resources to Help You Become a Successful Forex Trader
What Goes Into Making a Successful Forex Trader?
What Sets the Successful Forex Trader Apart From the Pack?

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Forex Trading - 5 Deadly Reasons Forex Traders Lose Money
Advantages of Trading the Forex
How to Test Any Forex Trading Strategy by Using this Unique Method
Factors You Cannot Ignore to Become a Successful Forex Trader
A 5 Point Test to Prove Every Forex Trading Technique or Trading System
Forex Trading Styles - Which Forex Style is Best for You?
Forex Trading - How to Deal with Currency Trading Volatility
Forex Trading Fact - If You Try and Predict in Forex Trading You Will Lose
Forex Trading: Incorporating Price Behavior into a Forex Trading System
Trading Forex - Overtrading
Forex Trading - The Biggest Secret to Forex Profits
Forex Trading - The Real Key to Forex Success
Forex Trading - Why Forex Trading is Better than Stock Trading

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Swing Trading In Forex - 4 Steps To Swing Trading Success
5 Signs To Look Out For When Trading The Currency Bottoms
Forex Trading - Counter-trend Trading
Forex Trading Pivot Points
Forex Trading Strategies in the Forex Market
Forex Trading Strategies
Forex Trading Strategy - 3 Basic Steps For Forex Success
Forex Trading - Non-Directional Trading
Opportunity For Swing Trading When Currencies Move Up or Down
Forex Trading - Scale Trading
Forex Trading Strategy - The Easiest Trading Method for Novice Traders
Forex Trading - Trading Only Price
Trading the Longer Term Trends for Bigger Profits
What is Forex Technical Trading?
You Must Have a Forex Trading Strategy Before You Start Trading


5 Important Tips You Must Not Ignore When Selecting a Forex System
A Key to Successful Forex Trading and Trading For a Living
A Proven Strategy to Learn How to Trade Forex Profitably on Your Own
A Sneaky Way to Steal Someone Else's Forex Trading System
Forex Trading System - Beware of Curve Fitting or Lose
Build Your Own Profitable Forex Trading System in Five Simple Steps
Discover an Effective Forex Trading System
Do Not Believe the Hype - There is No Best Forex Trading System!
Finding the Forex Trading System for You
Simple Profitable Stochastic Trading System for the Forex Market
Currency Forex Trading System - When to Abort a Trade

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Online Forex Trading – Accepted Wisdom that Will Lose You Money
Online Forex Trading is Quickly Becoming a Booming Business
Online Forex Trading - The 4 Vital Steps
The Benefits Of Using Online Forex Trading
Online FOREX Trading - The Biggest Error You Can Make
Online Forex Trading – The Main Reasons Traders Lose
Online FOREX Trading - The Secret of Building Huge Profits Quickly
What You Need to Know About Online Forex Trading
Online Forex Trading - Why Paper Trading Won't Help You Make Profits