AuthorBy Jeffrey Cammack
Updated: March 19, 2021

Good Forex brokers for beginners will help their clients get started. The better brokers will assist with verifying a trading account, setting up and configuring a new trading platform, and making available the best learning material possible. This way, the trader has the best chance at finding and acting on profitable trading opportunities. 

To test these beginner brokers, we opened demo trading accounts to experiment with the important features for newcomers – always keeping an open line with customer service to assess their responsiveness. As part of our test, we verified the broker’s regulation, checked for well-structured Forex education and verified that the demo account never expires, so novices can practice without risking their money forever. These are the best Forex brokers for beginners in the UK for 2021, according to our testing and our research.

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Best Forex Brokers for Beginners 2021

Last updated on 19 Mar 2021
Updated 19 Mar 2021
by Editorial Director Jeffrey Cammackby Jeffrey Cammack
Jeffrey Cammack
All Brokers Regulated
All Brokers Regulated
by Trusted Authoritiesby Trusted Authorities
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1
Pepperstone
Min. Deposit
USD 200
4.514.51
Demo Account
Beginner Friendly
Excellent
Support Hours
24/7
Overall Rating
11110.54.51/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.09 pips with 7 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & cTrader platforms supported. Pepperstone is regulated by the FCA, ASIC, and the DFSA. 79.3% of traders lose money with this provider.
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Founded in 2010, Pepperstone is an Australian ECN broker known for tight spreads, ultra-fast trade execution and broad platform support. Pepperstone’s award-winning, 24-hour support provides the foundation for its excellent customer service, where personalised assistance is available via several methods.

As our highest rated pure ECN broker, if you want to pay a small commission for tighter spreads, you won’t find a better broker than Pepperstone.

Pros
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • High minimum deposit
  • Limited market analysis
Read More About Pepperstone
2
XM
Min. Deposit
USD 5
4.384.38
Demo Account
Beginner Friendly
Excellent
Support Hours
24/5
Overall Rating
11110.54.38/ 5
AlertAccepts UK Clients. Average spread EUR/USD 1.60 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. XM Group regulated by CySEC, ASIC, and the IFSC. 77.19% of traders lose money with this provider.
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XM Group has achieved substantial growth since opening in 2009, earning 1.5 million clients in 196 countries. XM’s operational philosophy is aimed at client satisfaction and low client turnover; they earn client loyalty through award-winning 24/5 personal customer service, varied account types and competitive trading conditions.

Regulated the FCA, CySEC and ASIC and the recipient of many industry awards, XM Group stands out from a crowded field of market maker brokers for their customer service and educational support.

Pros
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • Dealing desk
Read More About XM
3
XTB
Min. Deposit
USD 5
4.144.14
Demo Account
Beginner Friendly
Excellent
Support Hours
24/5
Overall Rating
11110.54.14/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.50 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & xStation platforms supported. XTB Group is regulated by CySEC CySEC, FCA and the IFSC. 82% of traders lose money with this provider.
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Founded in 2002, XTB is a Polish market-maker with tight spreads on a single account and a focus on providing top-class education and market analysis for its clients. Regulated by the FCA, CySEC and the Belize IFSC, XTB offers negative balance protection for all clients and high-speed trading on over 4000 instruments.

XTB recently dropped support for MT4 to focus on its award-winning proprietary platform, xStation 5, which features more modern elements and a more intuitive design than the MetaTrader platforms.

Pros
  • Well regulated
  • Tight spreads
  • Low minimum deposit
  • Good for beginners
Cons
  • Limited platform choice
Read More About XTB
4
FP Markets
Min. Deposit
USD 100
4.174.17
Demo Account
Beginner Friendly
Excellent
Support Hours
24/5
Overall Rating
11110.54.17/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.10 pips with 6 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4, MT5 & IRESS platforms supported. FP Markets is regulated by CySEC and ASIC.
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FP Markets is an ASIC-regulated, STP broker with simple account options and an exciting set of tools for traders with higher minimum deposits. Spreads are tight, even on the Standard Account, and the lack of dealing desk intervention for all accounts removes any concern over conflict of interest.

Both the MT4 and MT5 platforms are supported and trader education and market analysis are well-presented, structured and useful. Overall, FP Markets is an excellent choice for beginner and more experienced traders alike.

Pros
  • Well regulated
  • Tight spreads
  • Good range of accounts
  • Great customer support
Cons
  • Expensive withdrawals
Read More About FP Markets
5
Tickmill
Min. Deposit
USD 100
4.124.12
Demo Account
Beginner Friendly
Excellent
Support Hours
24/5
Overall Rating
11110.54.12/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.20 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform support. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles. 73% of traders lose money with this provider.
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Tickmill offers low spreads and commission, fast STP execution on the MT4 platform and has an excellent reputation in the CFD trading industry.

Regulated by the FCA in the UK, CySEC in Europe, and the Seychelles FSA internationally – and a regular winner of trade execution and trading conditions awards – Tickmill has the reputation, and the performance, traders should look for in a broker.

Pros
  • Tight spreads
  • Well regulated
  • Fast and free withdrawals
  • Wide range of assets
Cons
  • MT4 only
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6
Admiral Markets
Min. Deposit
USD 100
4.244.24
Demo Account
Beginner Friendly
Excellent
Support Hours
Business Hours
Overall Rating
11110.54.24/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.50 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4, MT5 & MT4 Supreme Edition platforms supported. Admiral Markets is regulated by ASIC, CySEC, and the FCA. 76% of traders lose money with this provider.
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Founded in 2001, Admiral Markets offers reliability, market leadership and simple modern trading. A global presence, a large Australian and international client base, flexible trading accounts, competitive trading conditions, and peerless educational material have attracted both beginner and experienced traders to the brand.

Admiral Markets offers their own custom version of the MetaTrader trading platforms, the MetaTrader Supreme Edition, compatible with both MT4 and MT5. Additionally, most Admiral Markets accounts have free access to Trading Central – providing independent market insight and technical analysis – and the company offers one of the best cryptocurrency offerings on the market by a Forex broker.

Pros
  • Well regulated
  • Excellent education
  • Wide range of assets
Cons
  • Expensive withdrawals
Read More About Admiral Markets
7
CMC Markets
Min. Deposit
USD 5
4.694.69
Demo Account
Beginner Friendly
Excellent
Support Hours
24/5
Overall Rating
11110.54.69/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.70 pips on trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & CMC Proprietary platforms supported. CMC Markets is regulated by the ASIC, FCA, MAS and the FMA. 76% of traders lose money with this provider.
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CMC Markets is a British CFD broker with regulation from ASIC, the FCA, MAS and the FMA – making it is one of the world’s best-regulated brokers. Clients at CMC Markets can trade on Forex, indices, shares, commodities, treasuries, cryptocurrencies, and share baskets. The single trading account has a 5 USD minimum deposit and offers commission-free trading on 330 Forex pairs, one of the largest sets of Forex pairs in the industry.

CMC Market’s offers spreads as low as 0.70 pips on the EUR/USD, much lower than most other commission-free brokers. Traders will appreciate these low trading costs, advanced order management tools, and CMC Markets’ powerful and innovative platform, but beginners may be disappointed by the limited educational material.

Pros
  • Well regulated
  • Tight spreads
  • Good for beginners
  • Excellent education
  • Excellent market analysis
Cons
  • No swap-free account option
Read More About CMC Markets
8
AvaTrade
Min. Deposit
USD 100
4.184.18
Demo Account
Beginner Friendly
Standard
Support Hours
24/5
Overall Rating
11110.54.18/ 5
AlertAccepts UK Clients. Average spread EUR/USD 0.9 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 & MT5 platforms supported. AvaTrade Group regulated by ASIC, FSCA, B.V.I FSC & FSA. 72% of traders lose money with this provider.
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Good value, beginner-friendly and hugely respected in the UK, AvaTrade is one of the most reputable brokers in the industry. With support for the leading trading platforms and top-quality multilingual support, AvaTrade has built a brand on a solid reputation and continues to add to that reputation with the recent addition of AvaProtect – an automated loss-protection tool – to its product lineup.

AvaTrade offers UK clients trading in Forex, commodities, cryptocurrencies, exchange-traded funds, options, bonds, and equities and is a good choice for any type of forex trader ranging from beginners to scalpers and intraday traders to long-term traders.

Pros
  • Good for beginners
  • Well regulated
  • Low minimum deposit
Cons
  • Dealing desk
  • Limited education
Read More About AvaTrade
9
eToro
Min. Deposit
USD 200
3.693.69
Demo Account
Beginner Friendly
Standard
Support Hours
24/5
Overall Rating
1110.503.69/ 5
AlertAccepts UK Clients. Average spread EUR/USD 1 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. Only eToro proprietary trading platform supported. eToro is regulated by CySEC, FCA, and ASIC. 67% of traders lose money with this provider.
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eToro pioneered social trading in 2012 and has been widely recognised for making the social trading experience as smooth and engaging as possible. Regulated by the UK’s FCA and offices in Canary Wharf (London), eToro has grown to become one of the largest Forex brokers in the world, along with raking in multiple UK-based awards for innovation.

eToro’s trading platform is slightly different to most brokers, offering a more user friendly for beginners, and an active and helpful community supporting with trading ideas and a helping hand. If you are looking for a fun, simple and reliable social trading experience, then eToro is worth investigating.

 

Pros
  • Well regulated
  • Good for beginners
  • Innovative trading tools
Cons
  • Limited education
  • Wide spreads
Read More About eToro
10
FXCM
Min. Deposit
USD 50
4.134.13
Demo Account
Beginner Friendly
Standard
Support Hours
24/5
Overall Rating
11110.54.13/ 5
AlertAccepts UK Clients. Average spread EUR/USD 1.30 pips on trading account with lowest minimum deposit. Max leverage 400:1. Islamic account available. MT4 & Ninja Trader platforms supported. FXCM is regulated by FCA, ASIC, and the FSCA. 74.74% of traders lose money with this provider.
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Founded in 1999, FXCM is an FCA-regulated market marker with tight spreads and support for the MT4 platform.

Though it has a strong focus on educating new traders, FXCM also offers innovative trading tools and a wide range of specialty platforms for experienced traders. Customer support is excellent and FXCM’s flagship platform, Trading Station, has won multiple awards for its intuitive layout and customisability. Traders will also benefit from FXCM’s enhanced execution model across all popular currency pairs and CFDs.

Pros
  • Well regulated
  • Great platform choice
  • Excellent education
  • Innovative trading tools
Cons
  • Limited demo account
Read More About FXCM

What is Forex Trading?

Forex trading is exchanging one currency for another currency to profit from the change in the exchange rate. This is known as buying and selling currency pairs. The Forex market is the largest financial market in the world, with an average daily value of 6.6 trillion US dollars (USD).

Forex trading is buying and selling currency pairs to make a profit

Online Forex trading can only be done via a Forex broker. This is because the Forex market is not a physical market, it is a virtual market made up of a network of computers all over the world. This network connects traders to other market participants, such as banks and other brokers.

The Forex market is a virtual market, not a physical market

Because the Forex market is global and virtual, it operates 24 hours a day, 5 days a week. From the moment the Australian market opens on Monday morning until the moment the New York market closes on Friday evening.

Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 70-90% of retail investors lose money trading these products. Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss.

What is a Forex Broker?

Forex brokers are companies that provide a connection to the Forex market. Brokers also provide the software – called a trading platform – which connects the trader to the virtual network of computers that forms the Forex market. 

Brokers provide a connection to the Forex market and a trading platform

To connect to the Forex market with a broker, traders need to open a trading account, which requires funding.

How much money do you need to trade Forex?

Most brokers require a minimum deposit to start trading. This varies from as low as 5 USD to as high as 2000 USD, depending on the broker and the account type you are opening.

With 200 USD you can make small profits without too much risk

We recommend that you open an account with at least 200 USD, as this will give allow you to make small profits without too much risk.

Can you get rich by trading Forex?

It is possible, but it will not happen overnight. Forex trading is not a get-rich-quick scheme. Most successful Forex traders have developed a strategy that allows them a steady stream of income.

Forex trading is not a get-rich-quick scheme

While huge profits are possible, so are huge losses. And if you chase huge profits be prepared to lose all your money.

How do I start trading Forex?

Before you start trading Forex, you will need to learn how the Forex market works and gain experience without risking any money.

Beginners need education and experience before they start trading

To learn how the Forex market works you will need to educate yourself. Forex education can be found from many different sources:

  • Right Here at FXScouts: We have a huge library of educational articles covering everything from how to place to your first trade, to a detailed breakdown of the MetaTrader 4 trading platform, and the more complex topics like advanced technical analysis.
  • Forex Brokers: All good Forex brokers have education sections. Excellent Forex education includes a structured course for beginners, a mix of video and text content, and an archive of webinars for complex topics.
  • Other Resources: There are a huge number of online resources available for Forex traders. Communities of experienced traders are always uploading video tutorials and there are a great number of books written about every aspect of trading.

To gain trading experience without risking any money you will need to open a demo account with a Forex broker. Demo accounts are an exact mirror of the actual Forex market – except all the money is virtual. Demo accounts are provided by Forex brokers, usually in the hope that you will then open a real account with them.

You should find a demo account that you can use for as long as you want

The best demo accounts are unlimited. This means you can use them for as long as you want. Some brokers will limit their demo accounts to 6 weeks, or even as short as 2 weeks. This is not enough time to gain the necessary experience.

It is very important to use a demo account until you are comfortable with the Forex market and your trading platform. If you start trading on the real market without the necessary experience you will lose money.

Trading Forex without experience or education will result in heavy losses

Once you feel that you are educated enough to understand the Forex market and are comfortable with your demo account, then you can open a real account with a Forex broker and start trading!

How do I choose a Forex broker?

When choosing a Forex broker, beginners should focus on a broker’s regulation, educational support, customer support and demo account. To better understand why these are so important we will look at all three in detail below.

After reading through this short guide you will:

  • Understand why regulation is crucial and how to check if your broker is regulated.
  • Understand the dangers of trading without education and how to educate yourself appropriately.
  • Understand how high-quality customer support can improve life for beginner traders.
  • Understand the importance of a demo account and how to choose the best one.

Regulation Means Protection

Regulation is the single most important aspect of judging a Forex broker for all traders, not just beginner traders. Unregulated brokers cannot be trusted with your money and have no legal requirement to offer a fair trading environment.

Simply put, having a regulated broker is not optional.

Regulation ensures that Forex brokers provide a fair and transparent trading environment. It ensures the security of your funds and offers protection against broker bankruptcy. It also ensures that Forex traders have a complaint channel and access to investor insurance.

Unregulated brokers will often claim to be regulated, so you should always check what they say is true. We know that unregulated brokers like to contact people on Facebook and via messaging apps, so be especially careful if this happens. Many unregulated brokers will often entice beginner traders with incredible profits, offering to double or triple their money within weeks. This is a sure-fire way to know that a broker should not be trusted.

Do not trust brokers who offer incredible profits

Checking a broker’s regulatory status is a simple process for all the major regulators and only takes a couple of minutes (and could save you a lot of money and heartache!)

A closer examination of the main regulators in the world is required, we are also going to discuss how to check if a broker is regulated. Some of the main regulators in the world are:

UK Financial Conduct Authority (FCA)

The UK’s Financial Conduct Authority is the best financial regulator in the world. Checking if a broker is regulated by the FCA is easy. The FCA offers an easy-to-use search tool for all authorised companies. You can access it here: https://register.fca.org.uk/s/.

Like other major regulators, all brokers with an FCA licence are required to publish their FCA reference number on their website, here is Axi’s FCA number at the bottom of their website:

Axi Regulation

We can see that Axi is the trading name of a larger financial group. In this case, the FCA licence holder is AxiCorp Limited. Using the FCA reference number, we can search the FCA’s database of registered companies and find AxiCorp Limited’s entry:

AxiTrader-FCA-Entry

Notice that the FCA also warns of unregulated brokers that are attempting to use AxiCorp’s identity to scam unwary traders.

Australian Securities and Investment Commission (ASIC)

The Australian financial regulator has an excellent global reputation and is continually active in combatting broker fraud and manipulation. Many of the most respected Forex brokers in the world are Australian, and ASIC is an important part of their reputation for trustworthiness.

Checking a broker’s regulatory status with ASIC is also an easy process, the ASIC search tool can be found here: https://connectonline.asic.gov.au/.

Unfortunately, detailed information on each company in the ASIC database is only available via purchase. See below for Pepperstone’s ASIC entry:

Pepperstone-ASIC-Entry

Like the FCA, all ASIC regulated brokers are required to publish their ASIC licence on their homepage. We have had a few reports of unregulated brokers claiming to be based in Australia and using the names of regulated financial companies, so it is always best to check thoroughly.

Cyprus Securities and Exchange Commission (CySEC)

CySEC is the foremost regulator in the EU and Cyprus has a long history of regulating online Forex brokers. As a European regulator, all brokers with a CySEC licence must abide by the EU’s MiFID II legislation. Among other things, this requires limits on leverage and the removal of trading bonuses.

CySEC’s broker search tool functions much like the FCA’s and all CySEC licenced brokers are required to publish their licence number on their website. CySEC’s database and search tool can be found here: https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/

Below, we can see the entry for AFX Capital Markets, which went bankrupt last year and is suspected of several wrongdoings, including using client money to cover operational costs.

AFX-Capital-Markets-CySEC-Entry

CySEC makes it clear that AFX Capital Market’s licence has been suspended. A clear sign not to trust a broker.

Other Regulators

There are many other small regulators around the world, and Forex brokers will hold licences with them to avoid the restrictions placed on them by ASIC, CySEC and the FCA.

Commonly seen small regulators include the South African FSCA, the Seychelles FSA, the Mauritius FSC, St Vincent and Grenadines FSA, the Belize IFSC and the Bahamas SCB. While being regulated by one of these smaller regulators does not mean that a broker is bad, it does mean that traders are not as well protected.

The best and most trustworthy brokers are regulated by at least one of the three major regulators (FCA, CySEC, ASIC). It is common for brokers to have multiple regulators, one for each region in which they operate.

Education is the Root of Success

The best Forex brokers for beginners have realised that Forex education is at the very heart of customer retention. Educated Forex traders become successful – and profitable – traders, and the more successful traders a broker has on its books, the more successful the broker will be.

Educated Forex traders are profitable Forex traders

Forex education comes in two forms: Standard educational material, such as that found in our education section, which explains the concepts and function of Forex trading, and market analysis and research.

Market analysis is usually provided by Forex brokers themselves or specialist third-party companies. Market analysis and research are only helpful once a trader has a firm grasp on the basics of Forex trading, including terminology and common themes.

Education and Structured Courses

The best Forex brokers for beginners have realised the importance of building structured Forex trading courses.

A good example of a structured Forex course for beginners is the video series at XM. The videos are organised in an intuitive format, and are specifically designed to introduce you slowly to more advanced concepts:

XM-Education-1024x646

Good brokers will have structured courses for different levels of experience and expertise. The best Forex brokers for beginners have structured courses that cover the following:

  • Forex Terminology: What are the terms traders will encounter when trading? What does it mean to go long or go short? What are support and resistance levels?
  • Basic Topics: Which currencies are traded and what are their symbols? What are the important concepts like lots, pips, and order types (such as stop loss and take profit)?
  • Advanced Topics: What is technical, fundamental and sentiment analysis? What are indicators and robots and how do they work. What are common trading strategies and how do you implement them?

Many brokers will also run webinars, which are live and often interactive tutorial sessions. Many of the best Forex brokers for beginners offer weekly webinars and store them in an archive for later viewing. As a leading broker in terms of educational support, FXCM is a good example. In the image below we can see that FXCM has a large archive of previous webinars:

FXCM-Webinars-1024x503

This is exceptional from a beginner’s standpoint, as these rich learning experiences are all available free-of-charge and without registration.

Market Analysis and Research

Market analysis and research is the other cornerstone of Forex education. For traders with a solid understanding of how Forex trading works, market analysis will be the next step to profitable trading.

Most of the best brokers for beginners will have large research teams which provide frequent updates on market movements and insightful analysis on potential developments. A good example of this is easyMarkets’ market news section:

EasyMarkets-Market-News-1024x676

Updated every few minutes, easyMarkets’ market news offers deep insight into the price movement of a wide range of assets. Analysts also offer their thoughts on possible future outcomes based on their research. This is ideal for new traders seeking to build a deeper understanding of the Forex market and new trading opportunities.

Some Forex brokers, such as Admiral Markets, enter into partnerships with specialist third-party companies like Trading Central, to provide traders with market analysis. Trading Central is a collection of products that offer actionable investment ideas with 24-hour multi-asset coverage, technical and fundamental analysis, and back-tested trading strategies.

Admiral-Markets-Trading-Central-1024x482

Demo Accounts for Trading Practice

Forex brokers also provide demo accounts. These are trading accounts that mirror the live Forex market but allow traders to use virtual funds to simulate the trades and strategies they would ordinarily use when trading with real money.

Demo accounts provide an exact simulation of real market conditions

Demo accounts serve several purposes. Apart from accurately simulating live trading conditions, they can also be used to test-drive a Forex broker and test new strategies. The best Forex brokers for beginners provide free and unlimited Forex demo accounts.

IG Markets, one of our highest ranked brokers, provides unlimited demo accounts on two different platforms with 20,000 USD of virtual funds.

 

IG-Markets-DEMO-800

Demo accounts are so important because they are the only way for beginners Forex traders gain experience without risking money.

Customer Support

It is essential that beginners get good customer support from their broker. It is one of those things that you hope you never need; but when you do need it, it must be easily available, fast, and genuinely helpful. When your money is on the line, you need your problem fixed as soon as possible.

The best Forex customer support will be available 24 hours a day (Monday-Friday) via live chat, telephone, messaging services and email. It is also important that a broker has great IT support, as setting up a trading platform can be tricky for new traders. Many new traders cannot find the time during the workweek to get set up, so weekend support can be helpful but is rare.

Setting up a trading platform can be tricky for beginner traders

Customer support should also be multi-lingual. It is important to have a customer support agent who speaks your language and understands the local needs of your region.

The needs of a beginner in the UK are not the same as the needs of a beginner Forex trader in Russia. The best beginner Forex brokers understand this and set up their customer support desks to accommodate the needs of their clients.

The Bottom Line

As well as providing market access, Forex brokers also play a crucial role in the learning process for beginner traders. Beginner Forex traders should use the parameters above to decide whether the broker they are considering is truly the best Forex broker for them or not.

Such a broker should be regulated, provide sound Forex education, a free and unlimited demo account, and excellent customer support.

Forex Risk Disclaimer

Trading Forex and CFDs is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products. 

Forex and CFD transactions involve high risk due to the following factors: Over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. (Learn more from the FCA or from ASIC)

Our Methodology

Our State of the Market Report and Broker Directory are the result of extensive research on over 100 Forex brokers. The explicit goal of these resources is to help traders find the best Forex brokers – and steer them away from the worst ones – with the benefit of accurate and up-to-date information.

With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal. 

In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from your perspective.

All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and by sifting through the fine print. Learn more about how we rank brokers.

References

Featured Brokers

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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