Top Ten Forex Brokers List

The top ten forex brokers list is made up of all relevant information from the website for each broker listed. Typical spread values are shown as opposed to minimum spread as this is a more accurate representation of what the typical trader will have to pay. All spread values are variable and based on recent trade activity for each broker. Typical spread has differing values depending on which currency pair or financial product is being traded so numbers given are based on major currency pairs or “majors” if not specified otherwise. The majors are EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, and USD/CAD. It is important to note when looking at maximum leverage amounts that USA only allows up to 50:1 leverage and Japan up to 25:1 leverage.

  1. Forex.com
    • Office Locations: United States, United Kingdom, Australia, Hong Kong, Japan, and South Korea
    • Spread: 1.2 – 2 pips on majors, 35 on gold(XAU/USD) and 3.6 on silver(XAG/USD)
    • Commission: No
    • Minimum Deposit Required: Resident of USA $500, CA $1000, AU $300, UK £250
    • Minimum Trade: 1,000 units(micro lot), 1 unit(oz) of gold, 50 units(oz) of silver
    • Maximum Leverage: 50:1 on major currency pairs, 20:1 on minor pairs, and 1:1 on metals
    • Number of Pairs Traded: 49 currency pairs with gold and silver
    • Trading Platform: MT4, ForexTrader Pro (50 pairs with gold and silver, Minimum trade 10,000 units(mini lot))
    • Mobile Trading Platform: ForexTrader Pro Mobile
    • Regulated By: C.F.T.C., N.F.A., U.S.S.E.C., I.I.R.O.C., F.S.A., S.F.C., F.C.A., and A.S.I.C.
  2. Alpari UK
    • HQ Location: United Kingdom
    • Spread: 1.6 – 3.7 pips on majors (Forex trading in India is +0.2 pips, US +0.4, Middle East +0.5, and China +1.0), $0.40 US on gold and $0.04 US on silver
    • Commission: No
    • Minimum Deposit: $200 US for Micro MT4 or $500 US for Classic MT4
    • Minimum Trade: 1,000 units(micro lot), 1 unit(oz) of gold and 50 units(oz) of silver with MT4 Micro. 10,000 units(mini lot), 10 units(oz) of gold and 500 units(oz) of silver with MT4 Classic
    • Maximum Leverage: 500:1 on currency pairs, 200:1 on gold and silver
    • Number of Pairs Traded: 37 pairs with gold and silver
    • Trading Platform: MT4 Micro and Classic (Micro has a limit of 2 standard lot open positions), MT5 (minimum spread is 0.8 – 1.6 pips on major currency pairs, maximum leverage is 50:1 on gold and silver)
    • Mobile Trading Platform: MT4 and MT5 for iOS and Android
    • Regulated By: F.C.A.
  3. Oanda
    • HQ Location: New York, USA
    • Spread: 1.3 – 2.4 pips on majors
    • Commission: No
    • Minimum Deposit: No minimum deposit
    • Minimum Trade: 1,000 units(micro lot)
    • Maximum Leverage: 50:1
    • Number of Pairs Traded: 62 pairs with gold and silver
    • Trading Platform: MT4, fxTrade
    • Mobile Platform: Forex Trading for iPhone, iPad, and Android
    • Regulated By: C.F.T.C., N.F.A., Monetary Authority of Singapore, I.I.R.O.C., F.C.A., and F.S.A.
  4. FXCM
    • HQ Location: New York, USA
    • Spread: 1.4 – 1.7 pips on majors
    • Commission: Yes. Commission charged to accounts that qualify to trade with the lowest spreads available on FXCM
    • Minimum Deposit: £50 – can also fund account with Euro, USD, CAD, NZD, AUD, or Yen
    • Minimum Trade: 1,000 units(micro lot)
    • Maximum Leverage: 200:1
    • Number of Pairs Traded: 56 currency pairs
    • Trading Platform: MT4, Trading Station
    • Mobile Trading Platform: Trading Station Mobile
    • Regulated By: C.F.T.C., N.F.A., F.S.A., A.S.I.C. and S.F.C.
  5. IronFX
    • HQ Location: United Kingdom
    • Spread: 0.9 – 1.5 pips on majors, $0.50 US on gold, $0.04 US on silver
    • Commission: No
    • Minimum Deposit: $500 US or equivalent value in EUR, GBP, AUD, JPY, CHF, PLN or HUF
    • Minimum Trade: 1,000 units(micro lot) on currency pairs, 50 units(oz) on silver, 1 unit(oz) on gold
    • Maximum Leverage: 500:1 on currency pairs, 100:1 on gold and silver
    • Number of Pairs Traded: 68 currency pairs with gold and silver
    • Trading Platform: MT4, MT5, WebTrader, Personal Multi-Account Manager, MultiTerminal
    • Mobile Trading Platform: BlackBerry Trader, MT4(iPhone, iPad, Android), MT5(iPhone, iPad, Android), MT4 Mobile Trader, MT4 Smartphone Trader
    • Regulated By: F.C.A., A.S.I.C., F.S.P., C.R.F.I.N., Cy.S.E.C., and M.i.F.I.D.
  6. FXPro
    • HQ Location: United Kingdom
    • Spread: 1.5 – 2.7 pips on majors, $0.50 per ounce on gold and $.04 per ounce on silver, €0.80 per ounce on EUR/Gold and €0.06 per ounce on EUR/Silver
    • Commission: No
    • Minimum Deposit: $500 US or equivalent in EUR, GBP, CHF, or JPY(credit/debit deposits subject to 1.6% processing fee)
    • Minimum Trade: 10,000 units(mini lot) or 1,000 units(micro lot) with use of the Expert Advisors, 10 units(oz) of gold, 500 units(oz) of silver
    • Maximum Leverage: 500:1
    • Number of Pairs Traded: 72 pairs with gold and silver
    • Trading Platform: MT4, cTrader
    • Mobile Trading Platform: MT4 Mobile, cTrader Mobile Web
    • Regulated By: F.C.A. and Cy.S.E.C.
  7. IBFX
    • HQ Location: United States
    • Spread: 1.88 – 2.69 pips on majors
    • Commission: No
    • Minimum Deposit: No minimum deposit
    • Minimum Trade: 100 units(nano lot) with MT4 Mini, 1,000 units(micro lot) with MT4 Standard
    • Maximum leverage: 50:1
    • Number of Pairs Traded: 24 currency pairs
    • Trading Platform: MT4 Mini and Standard, Tradestation
    • Mobile Trading Platform: Metaquotes MT4
    • Regulated By: C.F.T.C. and N.F.A.
  8. AVA Trade
    • HQ Location: Ireland
    • Spread: 1.6 – 3.1 pips on majors with FX floating account available with MT4, $0.47 per oz on gold, $0.04 per oz on silver, $0.04 per barrel on oil
    • Commission: No
    • Minimum Deposit: $100 US / €100 / £100 / $100 Au / ¥100,000
    • Minimum Trade: 1,000 units(micro lot) on currency pairs, 1 unit(oz) of gold, 100 units(oz) of silver, 10 units(barrel) of oil
    • Maximum Leverage: 400:1 on currency pairs, 200:1 on gold, 50:1 on silver, 100:1 on oil
    • Number of Pairs Traded: 49 currency pairs with gold, silver and oil
    • Trading Platform: MT4, AVA Trader (FX fixed account for spreads of 3 – 4 pips on major currency pairs, 200:1 maximum leverage), AVA Options, Web Trading
    • Mobile Trading Platform: MT4 Mobile, AVA Mobile
    • Regulated By: F.S.A., A.S.I.C., Central Bank of Ireland, and British Virgin Islands Financial Services Commission
  9. Swissquote / ac-markets.com
    • HQ Location: Switzerland
    • Spread: Minimum 2.5 – 4 pips on majors. Typical spread values not found
    • Commission: No
    • Minimum Deposit: $1,000 US
    • Minimum Trade: 1,000 units(micro lot) on currency pairs, 1 unit(oz) of gold, 1 unit(oz) of silver, 1 unit(barrel) of oil
    • Maximum leverage: 100:1
    • Number of Pairs Traded: 71 currency pairs with gold, silver and oil
    • Trading Platform: MT4, Web Trader 2, Advanced Trader
    • Mobile Trading Platform: Mobile Trader
    • Regulated By: F.I.N.M.A.
  10. Markets.com
    • HQ Location: Cyprus
    • Spread: 3 – 4 pips on majors
    • Commission: No
    • Minimum Deposit: $100/ €100/ £100 with Classic account, $2500/ €2500/ £2500 with Standard account
    • Minimum Trade: 1,000 units(micro lot)
    • Maximum Leverage: 200:1
    • Number of Pairs Traded: 51 currency pairs
    • Trading Platform: MT4
    • Mobile Trading Platform: Market Mobile Trader
    • Regulated By: Cy.S.E.C., F.C.A., EU Regulators as follows: B.d.F.(France), C.O.N.S.O.B.(Italy), C.N.M.V.(Spain), A.F.M.(Netherlands), BaFin(Germany), F.I.(Sweden), Danish FSA, P.S.Z.A.F.(Hungary), N.B.S.(Slovakia), C.N.B.(Czech Republic), and South African FSB