Demo Account Guide
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Broker Finder: Follow the Steps to Pick Your Ideal Broker

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Are you looking for the best broker for your needs? To make it simple, this page will help you find the most ideal broker based on your preference. The only thing you need to do is answer the questions, go with the flow, and voila! The brokers you dream of will be shown.

How much is your capital?


Do you live in the United States?


Other than Forex, do you have any alternative instruments that you want to trade?


What do you want to trade?


Do you have a preference in the regulatory license?


What license your broker has to have?



Do you have a preference in the broker's experience?


How many years of experience do you need for the broker?


Which online payment method do you use?



Which ones of these following types of accounts do you need?


Which ones of these following features do you want?


You're at the end of the journey

The following brokers are the final answers that you look for. Good luck and have a successful trading!


If you're still undecided because the results show a number of brokers, you can compare them side by side with Forex Broker Comparison tool.

choose one of the available options


Additional FAQ

Negative Balance Protection (NBP) requires brokers to diligently monitor and manage trading accounts. Brokers must take action when a client's account balance falls into negative territory. They typically reset the account balance to zero or set a margin closeout rule at 50%, and any negative amounts are reimbursed once all open positions have been settled.

Continue Reading at All You Need to Know About Negative Balance Protection

There are at least three skills that you need to have to avoid scams:

  1. First, you must be able to identify a regulated broker authorized by a trusted regulator. It is essential to check this aspect at the start because if the broker's not regulated to begin with, then there is a higher chance of low-quality services that lead to financial loss.
  2. Second, you should be realistic while scanning through any broker's promotions and bonuses. Scammers tend to over-promising by offering unrealistic deals to get more clients.
  3. Lastly, you need to understand how forex broker scams usually cheat on their clients. You will get to know their characteristics and, therefore, avoid them as best as you can.

Continue Reading at 5 True Stories of Forex Broker Scams

You can make a complaint with the regulatory authorities governing the forex market in your jurisdiction, such as  FCA, ASIC, CFTC, or CySEC.

If you made any payments or transactions through banks or payment processors, inform them about the fraudulent activities. They may be able to provide assistance or initiate an investigation into the scammer's accounts.

Continue Reading at How to Recover from Forex Broker Scams

The easiest way to check a broker's registration is to look at the bottom of their website or click the "About Us" button. Regulated brokers are required to include their regulatory information as well as proper risk disclaimers on their websites, so it should be easy to find.

The next step is to double-check the authority that regulates the broker. You just need to visit the website of the governing body and search for the broker's registration number.

Continue Reading at How to Ensure Your Broker is Trustworthy

Faq
  • Choose your ideal answer from each question. Since we have designed the questions as the guides to filter the brokers based on minimum deposit, allowed countries, trading instruments, etc, you will find recommended broker(s) for you at the end of the question.
  • Beginner-friendly brokers typically have low minimum deposits, low spreads, special features for trading education, and reliable customer support. By using the Broker Finder, you can at least find the best brokers for beginners by their minimum deposits and the availability of free education feature.
  • A legit broker has an official address and is registered under certain regulatory bodies. In this Broker Finder, you can see the options of legit brokers by checking the "Yes" box when asked about the regulatory license, then choose which license that you prefer.