Forex Trading Brokers

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Choosing a Forex broker used to be pretty simple process, after all there were only a few to choose from. You simply had to decide whether you wanted to go direct access or use a retail broker.

These days all that has changed, there seem to be more Forex trading brokers appearing everyday. Some are more specialized than others, offering high powered platforms with sophisticated charting.

Then there are brokers whose sole purpose is to relieve you of your hard earned cash as quickly as possible. They often have poor levels of training but offer narrow spreads and huge leverage to entice the unwary.

So how do you spot the good from the bad? Well we’ve reviewed 25 of the best brokers in the table below. You can see we’ve rated them for overall reliability,  leverage offered, training and support.

Don’t make the mistake of choosing the narrowest spread with the highest leverage. Whilst there are many books and systems that recommend this, it’s not good practice and will almost certainly result in you losing your deposit. The more you leverage the more likely it will happen.

If you’re a beginner you should look for a Forex trading broker that offers excellent education above all else. Forex trading is hard and can only be mastered with experience, the more people you have around you to offer support the more chance you have of succeeding.

And that doesn’t mean your wife and family, you need someone who’s been through it and can offer qualified advice. Many experienced traders recommend keeping your trading and family life completely separate in any case. You certainly don’t want to take a bad days trading out on your family.

Learn to trade without emotion and take losses on the chin. They are after all a necessary part of trading so the sooner you learn to deal with them the better. Your family should never be able to tell if you’ve had a good or bad days trading.

So take a look at the table below and select a broker that suits your trading style and experience, remember to make sure they’re regulated, it’s your money after all.  US based brokers are limited to offering 1:50 leverage, if for some reason you need more than that you’ll have to choose a broker based outside the USA. But always remember, trading on high leverage is high risk, the higher the leverage the higher the risk.

Forex Broker	Min Account Size	Min Position Size	Max Leverage	Country Registered	Regulated	Training & Education	Overall Rating
eToro	$50	0.01	1:400	Cyprus
Zecco Forex	$500	0.01	1:50	US
UFX Bank	$100	0.05	1:200	United Kingdom
IncoNeon	$10	0.01	1:200	Russia
LiteForex	$10	0.001	1:500	Seychelles
MasterForex	$1	0.001	1:500	Russia
Easy Forex	$200	0.025	1:100	Cyprus
FXCast	$10	0.01	1:400	Mauritius
ACM	$2000	0.1	1:500	Switzerland
AVAFX	$100	0.01	1:200	Ireland
Alpari	$200	0.01	1:100	United Kingdom
Forex.com	$250	0.1	1:50	US
FX Solutions	$250	0.1	1:50	US
GFT Forex	$250	0.1	1:400	United Kingdom
InstaForex	$1	0.01	1:1000	Russia
Interbank FX	$250	0.01	1:50	US
MB Trading	$400	0.1	1:50	US
OANDA	$1	0.001	1:50	Canada
Tadawul FX	$500	0.05	1:500	Cyprus
Forex.CH	$2000	0.1	1:200	Switzerland
Hotspot FX	$7500	1	1:50	US
FXCM	$2000	1	1:50	US
Dukascopy	$1000	0.01	1:100	Switzerland
Realtrade	$20	0.01	1:500	Russia
MIG Bank	$2000	0.1	1:200	Switzerland
IFC Markets	$1	0.001	1:400	Brit Virgin Islands

You may also like:

1. How to Choose a Reputable Forex Broker
2. Forex Brokers List
3. Forex Brokerage Firms