GET THE BEST START IN FOREX
WITH THE BEST BROKER


demo account
READY TO TRADE?

Start with the Demo Account

A risk-free simulation
with the real market experience


social trading

NEED AN EXPERT HELP IN TRADING?

Join eToro Social Trading

OR

Find Out How eToro Can Help You


A new way to invest and look for investors

Top-Tier Regulated Brokers
Broker Regulation Min Deposit Rating
FBS ASIC 426359
CySEC, 331/17
IFSC (Belize), IFSC/60/230/TS/12
$1
Axi ASIC, 318232
DFSA (Dubai), 2758
FCA (UK) 509746
FSCL (New Zealand), FSP518226
$1
ActivTrades DFSA (Dubai), F003511
FCA (UK), 434413
$100
FxPro CySEC, 078/07
DFSA (Dubai), F003333
FCA (UK), 509956
FSCA (South Africa), 45052
$100
IC Markets ASIC, ACN 123 289 109
CySEC, 362/18
Securities Commission of The Bahamas, SIA-F214
$200

Rating


Website
www.xtb.com
Spread
Variable
Regulation
CNMV (Spain), 40
Min Deposit
$1
Established
2002


Free education

Personal manager

PAMM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
Neteller
PayPal
Skrill
Wire transfer

With more than 15 years of experience, XTB (rebranded from X-Trade since 2009) is one of the largest brokers in the world. They have offices in more than 10 countries, including Belize, UK, Poland, Germany, Spain, and France. XTB Group is regulated by the world's biggest supervision authorities including the IFSC, FCA, KNF, and CySEC.

As a regulated company, XTB holds all retail clients' funds in a fully segregated account, meaning they are not mixed with the broker's operational funds. This enables traders who register in XTB to trade with confidence in their funds' safety.

XTB tries to provide an easy-trading anytime and anywhere. They have a mobile application, xStation to realize that vision. Traders can access financial markets from their fingertips and choose from over 1,500 CFD markets including 48 currency pairs, cryptocurrencies, 20 indices, commodities (gold, oil, silver, etc.), stock, and 60 ETFs from around the world. This application can be downloaded in Google Play and App Store.

Traders also can access their platform by PC. XTB offers a web trade platform with access to more advanced tools for more advanced traders. It's fully compatible with Chrome, Firefox, Safari, and Opera web browser. Traders are provided with fast and reliable trade execution speeds. No wonder this platform has successfully presented XYB with awards such as Best Trading Platform 2016 by Online Personal Wealth Awards. Additionally, MetaTrader 4 is also available when trading in XTB .

XTB charges fees for forex, indices, and commodities trading. The amount of fees differ based on the types of accounts. For example, in Pro Accounts, traders have to pay a commission from $3.5 per lot for forex and a commission from 0.08% per lot for stock CFDs and ETF CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. When trading, clients have to prepare strategies. Based on XTB's data, 75% of retail investor accounts lose money when trading CFDs. Because of that, clients should consider their level of understanding of CFD trading and their affordability to take high risk.

Traders can increase knowledge by joining XTB's Trading Academy program. There is a vast array of content that's geared towards helping traders, including video tutorials, trading courses, articles, and much more. Traders can choose a topic from different levels of education and enhance their skills across the stages of the trading journey.

Furthermore, there are several ways to deposit funds in XTB, including bank transfer, credit cards (Mastercard, Maestro, Visa), as well as e-Wallets (Skrill, Paysafe, Neteller, and many more). But, some of these methods may incur additional charges. For example, when using Neteller methods, traders have to pay 1% of their deposited amount.

Traders can contact XTB's customer support that is available 24/7. They are ready to answer all of the traders' questions and solve the problems, whether by email, phone, or live chat.

Overall, XTB is recommended as an ideal broker with top-tier regulation and trading platforms. Its education feature is also worth joining in as many traders are still in the process of perfecting their consistency and continue to learn the dynamic change in the forex market.

Broker Finder

Follow the questions to find your destined broker



Rating


Spread
Variable
Regulation
ASIC, 318232
Min Deposit
$1
Established
2007


Bonus offers

Trading contests

Free education

Personal manager

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

BPAY
Credit/debit cards
Neteller
Skrill
Wire transfer

If traders are looking for brokers with elite class regulations, Axi can be the right choice. Axi is an Australian broker registered under ASIC and FCA. This is the main point because the two regulators are widely recognized to have strict regulations.

"Created by traders, and for traders" is a mission carried by Axi since its foundation in 2007. They continue to strive to accommodate the needs of traders. Axi had the strongest brand association with being "trustworthy" among current FX Traders in December 2014.

In addition, Axi also received other awards, including the most reliable Forex Broker 2017, Highest Overall Client Satisfaction Investment Trend 2017, Commenced back-office operations in Philippines, Cyprus & Singapore 2018, Best MT4 Broker 2018 by the UK Forex Awards, and the Most Trusted Forex Brokers by the 2018 Forex Forex Awards. With the various achievements that have been obtained, Axi seeks to build the confidence of traders from all over the world.

Traders can monitor the movements of spreads on Live Spreads, which are provided by Axi on its official website . These floating spreads are beneficial for traders when price volatility is not high.

In addition to spreads, the difference is also seen in the commission on each account. There is a commission of around USD7 for Pro Accounts, whereas, for Standard Accounts, traders do not need to spend funds for commission.

Meanwhile, the minimum trade size is 0.01 lots and leverage is up to 1:400. Traders can choose their deposit amount because Axi does not specify a minimum amount. Instead, traders have the opportunity to profit when trading on Axi with a 20% deposit bonus. Opportunities to open positions thus increase, accompanied by deposit bonuses that can be withdrawal easily and quickly.

There are around 80 currencies and CFDs traded on Axi. Besides, the company also offers traders looking for diversified investments in other assets like gold, silver, oil, and 11 indices. To attract the attention of traders from various countries, Axi also provides a variety of currencies that can be used by traders as base currency, including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD.

Traders at Axi can enjoy free VPS provided by third parties by depositing a certain amount. The Virtual Hosting Service uses an external server to ensure the platform stays running 24 hours a day and prevents Downtime. Of course, this service is very useful for those who use Expert Advisors.

When trading forex, chart analysis becomes an unavoidable activity. Traders do not need to worry about that when trading with Axi . Because one of the advantages of the Axi broker is Autochartist signals. This facility is useful for following market movements precisely. For traders who use MT4 Standard Account and MT4 Pro Account, they will get Autochartist signals for free.

Besides being able to easily understand the pattern of price movements through Autochartist, Axi also provides easy access to sophisticated trading tools under the name of MT4 NexGen. The advantage of this platform is to find out trading sentiments, Market Insights, Correlation Traders, and Alarm Managers. With this technology, traders can easily access super-fast networks and can handle any high-frequency inflows to scalping.

Traders can also add knowledge about forex trading with the Webinar facility, which is provided by Axi for free. Professional traders and experienced analysts will provide traders with a variety of new trading knowledge in this education program.

Not only that, opening an account in Axi can lead to other experiences such as copying trading strategies from professional traders, with tools like as DupliTrade, Myfxbook, and ZuluTrade. Traders are free to copy trading strategies from professional traders and apply them to their own trade.

If there are still other questions, traders can contact Axi support that is active 24/5. Their staff comes from all over the world, so they got a global team that speaks traders' language from various countries in the world.

Compare Brokers

Compare brokers side by side to find the best one.

Broker Min Deposit Spread Commission Rating
Axi $1 Variable $7
Exness $1 Variable and Fixed $3.50
FBS $1 Variable and Fixed $6
FIBOGroup $1 Fixed and Variable $3
FXCM $1 Fixed $4

Rating


Spread
Fixed and Variable
Regulation
BAPPEBTI
Min Deposit
Established
2005



Broker Bonus Update

Rating


Spread
Fixed
Regulation
-
Min Deposit
$10
Established
2014


Bonus offers

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
FasaPay
Perfect Money
Tether (USDT)
UnionPay
Wire transfer

Rating


Website
tickmill.com
Spread
Variable and Fixed
Regulation
BaFin, 146511
Min Deposit
$100
Established
2014


Bonus offers

Trading contests

Free education

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
FasaPay
Neteller
QIWI
Skrill
UnionPay
WebMoney
Wire transfer

Tickmill is an award-winning global ECN broker, authorized and regulated by the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus, and the FSA of Seychelles. Founded in 2014, it offers its retail and institutional clients various trading services with a prime focus on forex, stock, commodities, CFDs, and metals.

For traders who prioritize the value of spreads in broker selection, Tickmill provides excellent services with low spreads, starting from 0.0 pips.

The London-based company has a mission to provide clients with the best possible trading environment, so clients can focus on trading and become successful traders. One way to reach its mission is to offer a fast-execution of 0.15s. With this facility, it's no wonder that Tickmill gets the 2019 Best Forex Execution Broker award by the CFI.co Awards. Also, Tickmill received the achievement as Best CFD Broker Asia 2019 by International Business Magazine, the Best Forex Broker Asia, and the Most Transparent Broker 2019 by Forex Awards.

After registering in Tickmill, traders can choose the most ideal asset among 60 currency pairs that they can trade. If traders aren't sure yet to open a real account, Tickmill recommends learning to trade through a demo account.

There are also educational features such as Webinars, Seminars, Ebooks, and Video Tutorials. All of these facilities can be used by traders to increase knowledge about trading and the financial market as a whole. If traders already have enough knowledge, they have a greater opportunity for earning profit consistently.

For traders registered in real accounts, they can choose between provides three types of accounts, including Pro Account, Classic Account, and VIP Account. Traders can open positions with a minimum order of 0.01 Lots. This applies to all types of accounts.

The company provides recommendations for traders who are still confused when choosing an account. For example, for novice traders, Tickmill encourages clients to choose a Classic Account. It offers optimal conditions with fast order execution while enabling traders to use virtually any trading strategy. Additionally, the account is trade commission-free so traders only pay the bid/ask spread. Other than the 3 main accounts above, Tickmill also provides an Islamic account (swap-free).

The downside is, trading with Tickmill will only enable traders to use MetaTrader 4 as their offered trading platform. Although not much if compared to other brokers, the Tickmill platform provides a user-friendly and highly customizable interface, accompanied by sophisticated order management tools to help traders control positions quickly and efficiently.

The convenience of trading on Tickmill is enhanced by the existence of One-Click EA integrated on MT4. Traders will get Stop Loss and Take Profit calculations automatically. On top of that, Tickmill provides a VPS hosting for automated traders that can't be bothered with technical problems such as troublesome internet connection.

They offer several third-party research solutions, including Autochartist, which is a popular pattern-recognition software that uses automated technical analysis to make forecasts and generate trading signals. Autochartist is available both in Tickmill's web portal and as a platform plugin for MetaTrader 4.

As a Tickmill client, a trader can deposit and withdraw with a variety of payment methods, including Visa, Mastercard, bank transfer, and Skrill. Tickmill accepts deposits and withdrawals in 4 currencies, which include USD, EUR, GBP, and PLN.

Overall, Tickmill is a competitive broker in spreads and provides a safe trading environment with its regulated entities in three different jurisdictions. Although their trading platform is not outstanding, the analytical tools they present to equip traders' needs are considered by retail broker standards.

Broker Promotion Update

Rating


Spread
Variable
Regulation
ASIC, 286354
Min Deposit
$100
Established
2005


Bonus offers

Free education

Personal manager

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Payment

Bitcoin
Credit/debit cards
Dragonpay
Ethereum
FasaPay
Local bank transfer
Neteller
Ripple
Skrill
Tether (USDT)
Wire transfer



Rating


Spread
Variable
Regulation
Banque de France, 73762
Min Deposit
$200
Established
2009


Trading contests

Free education

Personal manager

Trading by telephone

MAM accounts

Segregated accounts

Managed accounts

Affiliate program

Islamic accounts available

Payment

Credit/debit cards
FasaPay
Neteller
Skrill
WebMoney
Wire transfer

Owned by Orbex Group Limited and is operated by Orbex Global Limited, Orbex provides foreign exchange and CFD online trading for traders worldwide. It is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with License Number 124/10. As it resides in the European Union jurisdiction, Orbex is also registered with other supervisory authorities based on the MiFID Directive; it included UK's FCA and German's BaFin.

Orbex thrives to serve clients with the most updated innovations in the forex industry. The company commits to deploy active promotions and other special offers to traders. Envisioning itself as a global brand, trading with Orbex is promoted to enhance the trading experience with the best customer service, one-hour response time for sales and support requests, speed, and reliability in trading, deep liquidity from Tier-1 banks, as well as swap-free accounts.

This broker presents excellent market trading conditions with various trading instruments such as 50 pairs of currencies and other assets like Precious Metals, Future Contracts (OTC), Equity Indices (OTC), CFDs, and Energy Contracts. Orbex generally offers maximum leverage of 1:30, as per ESMA's regulation to limit the condition. However, it allows higher leverage up to 1:500 only for professional traders.

Further details on Orbex's trading conditions are divided by the account types' specifications below:

Starter Account

  • Minimum deposit: $200
  • Spread: Variable, from 1.7 pips
  • Commission: None
  • Execution type: NDD
  • Extras: Monthly webinar, Trading Central, Scalping allowed, regular training sessions, free signals, basic education, EAs allowed.

Premium Account

  • Minimum deposit: $5,000
  • Spread: From 0 pips
  • Commission: $8
  • Execution type: NDD
  • Extras: Exclusive webinar and Live trading, Trading Central, Scalping allowed, 1 on 1 training sessions, premium signals, advanced education, VPS support, EAs allowed.

Ultimate Account

  • Minimum deposit: $25,000
  • Spread: From 0 pips
  • Commission: $5
  • Execution type: NDD
  • Extras: Exclusive webinar and Live trading, Trading Central, Scalping allowed, 1 on 1 session, ultimate signals, advanced education, VPS support, EAs allowed.

Opening an account in Orbex accommodates the needs for flexible trading anywhere and anytime, as their MetaTrader 4 is supported in not only PC screen, but also Android and iOS systems. However, this broker does not provide any alternatives for trading platforms aside from MetaTrader 4.

Besides the conventional bank transfer, account fundings and withdrawals are enabled via direct debit/credit cards, Skrill, NETELLER, WebMoney, FasaPay, and other digital wallets. There are no fees and all deposits and withdrawal methods, but there is an exception for bank withdrawals as there may be commissions from the intermediary and/or beneficiary bank.

Finally, it can be concluded that Orbex is a competitive broker for all types of traders . It covers beginners' conditions in Fixed and Starter Accounts while ensuring experienced traders' needs in Premium and Ultimate Accounts at the same time.

However, it is also important to note that Orbex is an offshore-based company even though the operation is already authorized by CySEC. That's why new traders should maintain a minimum trading balance in their initial experience with Orbex.


Rating


Spread
Variable
Regulation
ASIC, ACN081864039
Min Deposit
$200
Established
2008


Free education

Segregated accounts

Affiliate program

Payment

BPAY
Credit/debit cards
FasaPay
Neteller
PayPal
Skrill
Wire transfer

Go Markets is a broker established in Australia in 2006. Go Markets has also been licensed by the Australia Securities and Investment Commission (ASIC), identified by its AFSL 254963. Go Markets has some partnerships with various specialists in global securities and derivatives, thus it can provide better service to their customers by bringing this expertise on board. Go Markets is well known for having some branches in the UK, Taiwan, and Hongkong.

Go Markets commits to give the best to their clients, by refining their technology and improving their service and clients' education. Furthermore, Go Markets is also willing to continuously provide the best trading experience to the clients through reliable customer service, transparent pricing, low-latency trade execution, and platform stability.

When it comes to trading, the right platform is needed to carry out your trades perfectly. GO Markets offers both the powerful MetaTrader 4 and MetaTrader 5 as desktop and mobile trading platforms for traders. Since Go Markets has been acknowledged as the first MT4 broker in Australia, they do some improvement by adding MT5 and a web-based trading platform to fulfill their clients' needs for suitable platforms.

MT4 for mobile allows new and seasoned traders to trade anywhere and any time, analyze markets and easily access all Expert Advisors. The main difference between MetaTrader 4 and MetaTrader 5 and their associated mobile trading platforms is that MT4 is predominantly a Forex trading platform, while MT5 is a multi-asset CFD trading platform. Moreover, the internationally trusted Go Markets Metatrader 4 Platform has these advantages among many others:

  • No dealing desk involvement
  • Spreads from 0.5 pips
  • Leverage up to 500:1
  • No hedge restrictions

By opening an account in GO Markets , traders will be provided with some of the most advanced and powerful trading tools in a range of markets when it comes to online CFDs Trading. For traders who just start, honing skills in GO Markets' demo account can familiarize themselves with the broker's trading platforms and tools.

While for those who want to start real trading, GO Markets allow for flexible trading on a range of Forex and CFDs including Shares, Commodities, Indices, and Cryptocurrencies through MetaTrader 4 and MetaTrader 5 platforms.

Go Markets is very pleased to announce that they will be soon using Currenex technology, a born of Currenex interbank liquidity, to provide more liquidity to their clients.

GO Markets ease their clients' money transfer through Client Portal. They can open accounts and deposit funds in 9 currencies (USD, GBP, EUR, NZD, SGD, CHF, CAD, HKD, AUD). Whereas, deposit and withdrawal can be done either by bank transfer or e-payment (FasaPay, Neteller, and Skrill). Clients do not need to worry about deposit and withdrawal fees, because GO Markets does not charge any internal deposit fees using Visa/Mastercard, Skrill, Neteller, and Bank Transfer.

Last but not least, Go Markets also guarantees the clients' funds by protecting their privacy and financial information with maximum care. Go Markets employs leading security systems and has strict procedures in place to protect clients' information.

If you want to start trading in Go Markets with a little cash and low risk, Go Markets offers special accounts where clients can start trading with a few dollars and the ability to trade from one cent per pip only. There is a $500 deposit limit in these accounts and Expert Advisors use is allowed.

User Reviews
Dirk W (Vantage FX)
Jun 21 2021
This company is usually chosen because it has a pretty big story. But there are other features that can attract...

Jun 21 2021
This is an ordinary company, it is like everyone else, I was just very lucky with its support - it...

Abud Yadav (AAFX Trading)
Jun 21 2021
I am very glad that AAFX Trading has added the ability to use the MetaTrader 5 trading platform. There are...

All User Reviews  
ads

ads

AUDUSD
86%
14%
EURUSD
65%
35%
GBPUSD
83%
17%
NZDUSD
83%
17%
USDCAD
23%
77%
USDCHF
21%
79%
USDJPY
26%
74%
Jul 28 2021
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXTM 0.1 0.2 0.1
FXCM 0.2 0.3 0.2
Pepperstone 0.2 0.6 0.2
Tickmill 0.1 0.7 0.3
Forex.com 1.1 1.9 1.2
FBS 0.3 1.0 0.5
Orbex 0.3 0.5 0.4
Exness 0.0 0.0 0.0
Dukascopy 0.3 1.1 0.4
ThinkMarkets 1.5 2.1 1.6
RoboForex 0.6 0.9 0.5
IC Markets 0.1 0.5 0.2
Axiory 0.1 0.7 0.4
XM 0.3 0.5 0.2
InstaForex 3.0 3.0 3.0
FP Markets 0.1 0.4 0.2
BDSwiss 1.7 1.9 1.5
FirewoodFX 1.0 2.0 1.0
IronFX 0.1 0.5 0.3
AvaTrade 0.9 1.6 1.2
OctaFX 1.0 1.5 1.4
Vantage FX 0.1 0.3 0.1
FxPro 0.4 0.8 0.4
Jul 28 2021
From Myfxbook
EUR / USD GBP / USD USD / JPY
Tickmill
Short 0.04 -0.26 -0.31
Long -0.40 -0.30 -0.14
ETX Capital
Short -0.43 -0.73 -0.69
Long -0.88 -0.79 -0.53
FBS
Short -0.07 -0.39 -0.43
Long -0.64 -0.43 -0.23
OANDA
Short 0.01 -0.09 -0.15
Long -0.06 0.01 0.09
Orbex
Short 0.14 -0.10 -0.14
Long -0.34 -0.07 0.03
Exness
Short 0.12 -0.12 -0.25
Long -0.37 -0.19 -0.03
ActivTrades
Short -0.01 -0.28 -0.34
Long -0.62 -0.41 -0.19
Dukascopy
Short 0.01 -0.22 -0.29
Long -0.40 -0.23 -0.17
RoboForex
Short 0.09 -0.40 -0.58
Long -0.92 -0.49 -0.11
IC Markets
Short -0.05 -0.27 -0.39
Long -0.52 -0.34 -0.17
InstaForex
Short -1.50 -2.90 -22.50
Long -6.30 -5.20 -7.70
HYCM
Short -0.75 -0.75 -1.25
Long -1.25 -1.25 -0.75
FP Markets
Short 0.02 -0.22 -0.30
Long -0.45 -0.26 -0.11
BDSwiss
Short 0.20 -0.07 -1.08
Long -1.00 -0.67 0.01
XTB
Short -0.33 -0.85 -1.17
Long -1.67 -0.94 -0.82
Jul 28 2021
From Myfxbook
Broker EUR / USD GBP / USD USD / JPY
FXCM 54 50 61
Tickmill 41 59 48
FBS 41 49 64
Dukascopy 29 35 18
ThinkMarkets 30 26 14
RoboForex 29 38 31
IC Markets 19 37 14
XM 45 49 64
InstaForex 3 1 3
BDSwiss 38 34 22
FirewoodFX 4 7 2
IronFX 32 54 37
Jul 28 2021
From Myfxbook
ads

ads


Established: 2000

Min. Deposit: $500

Spread: Variable

Leverage: 1:100

Review Visit Monex Investindo Futures

Established: 2010

Min. Deposit: $5

Spread: Variable

Leverage: 1:1000

Review Visit HotForex

Established: 2006

Min. Deposit: $100

Spread: Variable and Fixed

Leverage: 1:400

Review Visit AvaTrade

Established: 2010

Min. Deposit: $100

Spread: Fixed

Leverage: 1:400

Review Visit Xtrade