List of the top ten Forex brokers

The top ten forex brokers list is made up of all relevant website information for each listed broker. Typical spread values ​​are shown as opposed to the minimum spread, as this is a more accurate representation of what the typical trader will have to pay. All margin values ​​are variable and are based on the recent trading activity of each broker. The typical spread has different values ​​depending on the currency pair or financial product being traded, so the numbers given are based on the major or “major” currency pairs unless otherwise specified. The main ones 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 the US 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 in majors, 35 in gold (XAU / USD) and 3.6 in silver (XAG / USD)
• Commission: Not
• Minimum deposit required: US Resident $ 500, CA $ 1000, AU $ 300, UK £ 250
• Minimal 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 currency pairs and 1: 1 on metals
• Number of pairs traded: 49 currency pairs with gold and silver
• Business platform: MT4, ForexTrader Pro (50 pairs with gold and silver, minimum trade of 10,000 units (mini lot))
• Mobile trading platform: ForexTrader Pro Mobile
• Regulated by: CFTC, NFA, USSEC, IIROC, FSA, SFC, FCA and ASIC
2. Alpari United Kingdom
• Venue rental: UK
• Spread: 1.6 – 3.7 pips in the majors (currency trading in India is +0.2 pips, USA +0.4, Middle East +0.5 and China +1.0), $ US $ 0.40 in gold and US $ 0.04 in silver
• Commission: Not
• Minimum deposit: $ 200 for Micro MT4 or $ 500 for Classic MT4
• Minimal 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
• Business platform: MT4 Micro and Classic (Micro is limited to 2 standard lot open positions), MT5 (minimum spread is 0.8 to 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: FCA
3. Oanda
• Venue rental: New York, USA
• Spread: 1.3 – 2.4 pips in majors
• Commission: Not
• Minimum deposit: No minimum deposit
• Minimal trade: 1000 units (micro lot)
• Maximum leverage: 50: 1
• Number of pairs traded: 62 pairs with gold and silver
• Business platform: MT4, fxTrade
• Mobile platform: Forex Trading for iPhone, iPad and Android
• Regulated by: CFTC, NFA, Monetary Authority of Singapore, IIROC, FCA and FSA
4. FXCM
• Venue rental: New York, USA
• Spread: 1.4 – 1.7 pips in the majors
• Commission: Yes. Commission charged to accounts that qualify to trade with the lowest margins available at FXCM
• Minimum deposit: £ 50 – you can also fund the account with euros, US dollars, Canadian dollars, New Zealand dollars, Australian dollars or yen
• Minimal trade: 1000 units (micro lot)
• Maximum leverage: 200: 1
• Number of pairs traded: 56 currency pairs
• Business platform: MT4, trading station
• Mobile trading platform: Mobile trading station
• Regulated by: CFTC, NFA, FSA, ASIC and SFC
5. IronFX
• Venue rental: UK
• Spread: 0.9 – 1.5 pips in majors, US $ 0.50 in gold, US $ 0.04 in silver
• Commission: Not
• Minimum deposit: $ 500 USD or equivalent value in EUR, GBP, AUD, JPY, CHF, PLN or HUF
• Minimal trade: 1,000 units (micro lot) in currency pairs, 50 units (oz) in silver, 1 unit (oz) in 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
• Business platform: MT4, MT5, WebTrader, Personal Multiple Account Manager, MultiTerminal
• Mobile trading platform: BlackBerry Trader, MT4 (iPhone, iPad, Android), MT5 (iPhone, iPad, Android), MT4 Mobile Trader, MT4 Smartphone Trader
• Regulated by: FCA, ASIC, FSP, CRFIN, Cy.SEC and MiFID
6. FXPro
• Venue rental: UK
• Spread: 1.5 – 2.7 pips in the majors, $ 0.50 per ounce in gold and $ .04 per ounce in silver, € 0.80 per ounce in EUR / Gold and € 0.06 per ounce in EUR / Silver
• Commission: Not
• Minimum deposit: $ 500 USD or its equivalent in EUR, GBP, CHF or JPY (credit / debit deposits subject to a 1.6% processing fee)
• Minimal trade: 10,000 units (mini lot) or 1,000 units (micro lot) with the use of 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
• Business platform: MT4, cTrader
• Mobile trading platform: MT4 Mobile, cTrader Mobile Web
• Regulated by: FCA and Cy.SEC
7. IBFX
• Venue rental: USA
• Spread: 1.88 – 2.69 pips in the majors
• Commission: Not
• Minimum deposit: No minimum deposit
• Minimal trade: 100 units (nano lot) with MT4 Mini, 1000 units (micro lot) with MT4 Standard
• Maximum leverage: 50: 1
• Number of pairs traded: 24 currency pairs
• Business platform: MT4 Mini and standard, Tradestation
• Mobile trading platform: Metaquotes MT4
• Regulated by: CFTC and NFA
8. Trade AVA
• Venue rental: Ireland
• Spread: 1.6 – 3.1 pips in the majors with floating account FX available with MT4, $ 0.47 per ounce in gold, $ 0.04 per ounce in silver, $ 0.04 per barrel in oil
• Commission: Not
• Minimum deposit: $ 100 US / € 100 / £ 100 / $ 100 Au / ¥ 100,000
• Minimal trade: 1,000 units (micro lot) in currency pairs, 1 unit (oz) of gold, 100 units (oz) of silver, 10 units (barrel) of oil
• Maximum leverage: 400: 1 in currency pairs, 200: 1 in gold, 50: 1 in silver, 100: 1 in oil
• Number of pairs traded: 49 currency pairs with gold, silver and oil
• Business platform: MT4, AVA Trader (fixed FX account for 3-4 pip spreads on major currency pairs, maximum 200: 1 leverage), AVA options, web trading
• Mobile trading platform: MT4 Mobile, AVA Mobile
• Regulated by: FSA, ASIC, Central Bank of Ireland and British Virgin Islands Financial Services Commission
9. Swissquote / ac-markets.com
• Venue rental: Swiss
• Spread: Minimum 2.5 – 4 pips in majors. No typical dispersion values ​​found
• Commission: Not
• Minimum deposit: $ 1,000 US dollars
• Minimal trade: 1,000 units (micro lot) in 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
• Business platform: MT4, Web Trader 2, Advanced Trader
• Mobile trading platform: Mobile merchant
• Regulated by: FINMA
10. Markets.com
• Venue rental: Cyprus
• Spread: 3-4 pips in majors
• Commission: Not
• Minimum deposit: $ 100 / € 100 / £ 100 with Classic account, $ 2500 / € 2500 / £ 2500 with Standard account
• Minimal trade: 1000 units (micro lot)
• Maximum leverage: 200: 1
• Number of pairs traded: 51 currency pairs
• Business platform: MT4
• Mobile trading platform: Market Mobile Trader
• Regulated by: Cy.SEC, FCA, EU Regulators as follows: BdF (France), CONSOB (Italy), CNMV (Spain), AFM (Netherlands), BaFin (Germany), FI (Sweden), Danish FSA, PSZAF ( Hungary), NBS (Slovakia), CNB (Czech Republic) and South African FSB