Most pages that list Forex Brokers in web are too long.
They contain too much Information that you dont really care about. We are going to take a different approach.
We will focus on listing the Forex Brokers that score best to our Ranking Factors, and present the most important information to you.
- A Ranking Score of 80-99 is considered to be a very High Score. This means the Broker is a great option
- A Ranking Score of 60-79 is consided to be an average Score. This means that the Broker has some disadvantages but still it can be a choice for you
- A Ranking Score below 59 is considered to be a very poor Score. It would be better to avoid this Broker.
Enjoy Reading our Forex Brokers Ranking List
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
π₯ Position 1:Β eToro Β Β Ranking Score: 98
 eToro is a leading Social and Copy Trading Platform that accepts traders from many countries. eToro is highly licenced in ASIC π¦πΊ, CySEC πͺπΊ π¨πΎ, FCA π¬π§. |
|
|
|
| π Review: eToro Review | π Website: www.etoro.com |
π₯ Position 2:Β Admiral Markets Β Β Β Ranking Score: 96
 Admiral Markets is a forex and CFD broker that accepts traders from many countries. They hold license in Australia π¦πΊ (ASIC) , in EU πͺπΊ (CySEC ) and in the UKπ¬π§ (FCA). They offer a great variety of trading instruments. |
|
|
|
| π Review: Admiral Markets Review | π Website: www.admiralmarkets.com |
π₯ Position 3:Β Avatrade Β Β Β Β Β Β Ranking Score: 92
 Avatrade is a trusted Forex and CFD Trading Broker. Avatrade is highly regulated in 6 jurisdictions including Australia π¦πΊ (ASIC) , Ireland πͺπΊ , and UK π¬π§ (FCA). |
|
|
|
| π Review: Avatrade Review | π Website: www.avatrade.com |
π Position 4:Β Plus500 Β Β Β Β Β Β Ranking Score: 91
 Plus500 is a popular CFD Trading Broker offering CFD Trading to 60 countries wolrdwide. Plus500 holds licenses from various countries such as CySEC (EU License), ASIC (Australian License), FCA (UK License). |
|
|
|
| π Review: Plus500 Review | π Website: www.plus500.com |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
| Broker | Bonus | Min Deposit | Leverage | Review | Open Account |
|---|---|---|---|---|---|
|
68% of retail CFD accounts lose money | 200β¬ | Up to 30:1 | Review | Visit Broker |
|
71% of retail CFD accounts lose money | 100β¬ | Up to 1:30 | Review | Visit Broker |
|
72% of retail CFD accounts lose money | 100$ | Up to 1:30 | Review | Visit Broker |
|
77% of retail CFD accounts lose money | 100β¬ | Review | Visit Broker | |
|
200$ | Up to 500:1 | Review | Visit Broker | |
|
84% of retail CFD accounts lose money | 10$ | Up to 1:30 | Review | Visit Broker |
|
No KYC Trading | Up to 100:1 | Review | Visit Broker | |
|
50% Deposit Bonus | 100$ | Up to 1:500 (Forex) | Review | Visit Broker |
|
Stay Anonymous | 0.001 BTC | Up to 1000:1 | Review | Visit Broker |
|
Anonymous Trading | No | 1000x Forex, x500 Commodities, x100 Cryptos | Review | Visit Broker |
|
74% of retail CFD accounts lose money | 500$ | Up to 1:30 | Review | Visit Broker |
|
100 $ | 1:500 | Review | Visit Broker | |
|
73% of retail investor accounts lose money | 200$ | Up to 1:30 | Review | Visit Broker |
|
50$ | Up to 1:1000 | Review | Visit Broker | |
|
No KYC Required | 0.0001BTC | Up to 100:1 | Review | Visit Broker |
|
Review | Visit Broker | |||
|
No KYC, MT5 Trading | No minimum Deposit | Up to 200X | Review | Visit Broker |
|
Review | Visit Broker | |||
|
500$ No Deposit | 10β¬ | Up to 1:1200 | Review | Visit Broker |
|
Anonymous Trading | 1$ | Up to 1:500 | Review | Visit Broker |
|
Derivatives Trading | 0.0001 BTC | 100x Cryptos | Review | Visit Broker |
|
10$ | Up to 1:3000 (For Non EU Traders) | Review | Visit Broker | |
|
No KYC Required | 1$ | Up to 1:500 | Review | Visit Broker |
Forex Brokers Questions & Answers
1.) What is a Online Forex Broker
An Online Forex Broker is a company that offers forex trading services to retail forex traders.
A trader opens a personal account by signing up to a forex broker, then he funds his account and starts trading via a trading platform offered by the broker.
The Broker acts as an intermediate between the trader and the market.
Forex Brokers may also be called Currency Trading Brokers, Fx Brokers, Retail Forex Brokers, Forex Companies. We provided you with a Forex Broker Ranking List in order to avoid scams
2.) What is a Forex Broker License
Forex Brokers, in order to offer legally their services to retail and professional clients, they get Licences from Regulation Authorities. These Lisences increase the level of trust between the trader and the broker and ensure that the trading conditions are fair.
Generally, Thes rules are applied:
- European Union Residents can trade in EU Forex Brokers, that is brokers that hold a license from an EU Member State. Most common License in EU is CySec (Cyprus), while some brokers hold Maltese License, or License from another member state
- UK Residents can trade in UK Forex Brokers, which must hold an FCA License
- Australian Residents can trade in Australian Forex Brokers, which hold an ASIC License
- US Traders can trade only in trading brokers that possess US License. Please note that CFD Trading is forbidden in the US. In our website, only one company offers trading services to US Traders, EToro. If you are a US Trader, you can trade ONLY CRYPTOS in EToro (of course without leverage).
- All other clients can face restrictions based on local laws. However there are many countries that do not ask Brokers to have a license. Although famous forex brokers hold such kind of Licenses from Reputable Jurisdictions, there are other options for traders. These options include offshore forex brokers, that is forex brokers licensed in an offshore jurisdiction such as Seychelles or St Vincent and Grenadines etc, or Unregulated forex brokers, that is brokers that do not have any kind of license.
- There is unclear what happens with cryptobrokers (brokers that accept only crypto deposits, such as bitcoin, ethereum, stablecoins etc). Cryptobrokers, since they trade with cryptos, they do not trade “real money”, so they do not have to get a license or follow strict KYC Verification Proccesses. Up to now, cryptobrokers although they do not have a reputable license, they accept traders from UK, EU and Australia. They generally do not accept US residents. For more information you can read our artciles about Forex Brokers without KYC and which Cryptobrokers offer MT5 platform.
3.) What is a CFD Broker
A CFD Broker is a Broker that offers CFD Trading to Retail and Professional Traders. You can check Plus500, one the best CFD Trading Brokers, licensed in various jurisdictions.
4.) What are the types of Forex Brokers
It would be better to read our article: What are the types of Forex Brokers?