1. IC Markets

IC Markets is an Australian broker that is well known in Europe and Asia. Since its establishment in 2007, it has been offering its services in the...

Forex Brokers

2. EXANTE

EXANTE is an international STP broker operating since 2011. His offer is directed primarily to advanced traders. Non-professional clients do not have...

Forex Brokers

3. XTB

XTB is a Polish Forex broker operating in the market since 2005. The broker is also a recipient of numerous awards naming it as one of the best...

Forex Brokers

4. Tickmill

Tickmill is young broker founded in 2015. It is offering services in ECN NDD model. It is regulated by the Financial Conduct Authority (UK) and by...

Forex Brokers

5. Purple Trading

Purple Trading is a FX/CFD broker founded in 2019 roku. From the very beginning, it emphasizes transparency and honesty towards customers. It works...

Forex Brokers

6. Royal

Royal (also known as RFXT or One Royal) is an Australian Forex/CFD broker incorporated in 2006. It works in a clean ECN model, which won the sympathy...

Forex Brokers

7. BitMEX

BitMEX is an hybrid of CFD broker and cryptocurrency exchange. We can trade cryptocurrencies there with leverege (up to 1:100). Trading accounts are...

Forex Brokers

8. eToro

Over the past few years, advancements in web technologies for online trading reached a new level and resulted in changes in the trading environment....

Forex Brokers

9. FP Markets

FP Markets combines ECN connectivity and award-winning execution speed with institutional-grade liquidity to provide traders consistently tighter...

Forex Brokers

10. TIOmarkets

TIOmarkets is a broker that was established in 2018. It serves clients from all over the world through its two branches in London and St. Vincent and...

Forex Brokers

11. Libertex

Libertex is a broker working on market since 1997. It is active in 27 countries all over the world. In Europe it is working under CySEC (CIF 164/12)....

Forex Brokers

12. City Index

City Index is a brand of one of the biggest FX company on the market – Gain Capital. It is offering access to the Forex market and other CFD...

Forex Brokers

13. PrimeXBT

PrimeXBT is a cryptocurrency CFD broker offering trading with leverage. Despite the accounts quoted in cryptocurrencies, it also offers the...

Forex Brokers

14. IQ Option

IQ Option was a broker associated mainly with binary options. It is not surprising, since in the initial period of his activity he dealt only with...

Forex Brokers

15. ActivTrades

ActivTrades was established in 2001 in Switzerland. After that the company moved to London to be in the center of financial world. Right now...

Forex Brokers

16. XBTFX

XBTFX is an offshore CFD and cryptocurrency broker from st. Vincent and the Grenadines. It offers cryptocurrencies trading with leverage up to 1:50...

Forex Brokers

17. Pepperstone

Pepperstone was founded in 2010 by a team with years of experience in trading on the Forex market and in technology industries. The company is based...

Forex Brokers

18. InstaForex

InstaForex is one of the leading brokers on the Asian market. It has received awards in 2009, 2010 and 2011. It is regulated by the Russian Federal...

Forex Brokers

19. XM.com

XM.com is one of the most popular brokers among European traders. It is present on many continents and regulated by many financial institutions. All...

Forex Brokers

20. CMC Markets

CMC Markets, one of the largest and oldest brokers, was launched in 1989 in the United Kingdom. Since the establishment, it has been continuously...

Forex Brokers

21. LMAX Exchange

LMAX Exchange is a fast growing UK-based company. This broker is regulated by the Financial Conduct Authority (FCA), offers complete anonymity and...

Forex Brokers

22. Dukascopy EU

Dukascopy EU is a subsidiary of Dukascopy Bank, providing its services to European clients and registered in Latvia. Through Dukascopy EU, the broker...

Forex Brokers

23. HotForex

With HotForex, you can start trading with a deposit as low as USD 50, using the leverage of up to 100:1. It is characterised by very low spreads...

Forex Brokers

24. Swiss Markets

Swiss Markets is a broker regulated by the Cyprus Securities and Exchange Commission (CySEC), licence No. 199/13. It offers STP accounts with very...

Forex Brokers

25. Hantec Markets

Hantec Markets is a broker that has been operating on the market for 25 years, primarily in Asia. At present, it also offers its services to European...

Forex Brokers

26. Dukascopy Bank

Dukascopy is one of the largest retail brokers in the world and one of the oldest ECNs available to retail clients. However, it is good to know that...

Forex Brokers

27. InterTrader

InterTrader.com is one of the largest brokers in the UK. InterTrader is a member of the GVC PLC capital group operating in the digital entertainments...

Forex Brokers

28. Capital.com

Capital.com broker was established in 2016 and very quickly gained a large market share. His offer is directed rather to new traders, to whom he...

Forex Brokers

29. AvaTrade

AvaTrade is a solid Forex broker subject to a large number of regulations. The company was registered in Ireland in 2006. It is characterized by a...

Forex Brokers

30. easyMarkets

A noteworthy broker due to the long-term operation of the market. Since 2001, the company has been serving clients from all over the world. It...

Forex Brokers

31. FxPro

Founded in 2006, FxPro is a leading online Forex broker. Regulated by the Cyprus Securities and Exchange Commission (CySEC – 078/07), Financial...

Forex Brokers

33. RoboMarkets (RoboForex)

RoboForex is a Cyprus-based international broker, originally established in New Zealand. It specializes in providing trading conditions that allows...

Forex Brokers

34. Swissquote

Swissquote is regulated by the Swiss Financial Market Supervisory Authority and has more than 200,000 active clients worldwide who trade through...

Forex Brokers

35. Windsor Brokers

Windsor Brokers is one of the oldest brokers operating in the market. Its history dates back to 1988. The broker hold licences granted by CySEC, FCA,...

Forex Brokers

36. Forex.com

Forex.com is one of the largest brokers in the United States. The corporation standing behind Forex.com is Gain Capital, well-known throughout the...

Forex Brokers

37. ETX Capital

ETX Capital is an authorised and certified broker operating in the UK and regulated by the FCA. It owns Meta Trader 4, one of the most popular...

Forex Brokers

38. UFX

UFX is a world-class Forex broker established in London, currently having its headquarters in Cyprus. As a broker that processes thousands of...

Forex Brokers

39. Oanda

Oanda, a broker which has been in the currency business since 1996, is one of the pioneers of online Forex trading. It is estimated that up to 20% of...

Forex Brokers

40. BDSwiss

BDSwiss was founded in 2012 and still provides high quality FX/CFD services. Broker is regulated in three jurisdictions - Cyprus (CySEC - License...

Forex Brokers

41. Orbex

Founded in 2010, Orbex (formerly AFBFx) is an online financial broker specialising in the provision of services for retail clients on Forex, CFD and...

Forex Brokers

42. Plus500

A broker that enables trading only in CFDs (forex, stocks, indices, commodities). Serving over a million clients, Plus500 is one of the fastest...

Forex Brokers

43. LiteForex

LiteForex is a broker registered in Cyprus and regulates by CySEC. You can start trading with a deposit of USD 10, using a maximum leverage of as...

Forex Brokers

45. IronFX

IronFX is an FX broker that is well known around the world. It offers as many as 10 different platforms, where you can trade in more than 200...

Forex Brokers

46. FxPrimus

If a broker puts emphasis on transparency, security and performance within a strict regulatory framework, you can rest assured that you are dealing...

Forex Brokers

47. Markets.com

Markets.com is one of the fastest growing Forex market brokers, offering the leverage of 1:300 with deposits starting from USD 100. The brand belongs...

Forex Brokers

48. GKFX

GKFX Financial Services Ltd (GKFX), formerly known as Smart Live Financial Services Ltd, was established in 2010 as an online trading platform that...

Forex Brokers

49. FXTM (ForexTime)

Warning! The broker ended servicing individual clients in Europe on February 26, 2021. Currently, registration is only available to professional and...

Forex Brokers

50. FXCM

FXCM is one of the largest currency brokers in the world. As such, it is well known and is a trusted brand for anyone interested in trading on the...

Forex Brokers

51. FXDD

FXDD is one of the largest Forex brokers. It operates both through its US hub and international hub. Present since 2002, it has also become well...

Forex Brokers

52. Universal Markets

Universal Markets seems to be a SCAM. This broker, operating via website umarketspro.com, have unreliable license, fake address and uses aggressive...

Forex Brokers

53. coin-markets.com

Coin-markets.com seems to be a SCAM. This is indicated by an unreliable license, fake address and aggressive telephone marketing. Customers report...

Forex Brokers

54. Solid Invest

Solid Invest is an unregulated Forex broker about which we have received reports from defrauded clients. According to their reports, the company does...

Forex Brokers

55. Agricole Trade

Agricole Trade is a scam broker connected with other brands (Maxitrade, Aspen Holding, Olympus Markets). We warn you against transfering any money to...

Forex Brokers

56. Monfex

Monfex is a SCAM broker belonging to the company Market Solution Ltd (owner of  more dishonest brands such as Maxitrade, MaxiMarkets and...

Forex Brokers

57. Allianz Market

Allilanz Market is another pseudo-Forex broker that does not have any licenses and uses aggressive telemarketing. Many injured people reported a...

Forex Brokers

58. Maxitrade

Maxitrade is a scam broker connected with other brands (Agricole Trade, Aspen Holding, Olympus Markets). We warn you against transfering any money to...

Forex Brokers

59. Finantiko

Finantiko is another shady platform claiming to be a Forex broker. Offers trading in assets such as CFDs on stocks, indices, currencies,...

Forex Brokers

60. MySafeMarket

MySafeMarket is a scam broker listed on the Financial Conduct Authority's list of warnings. We also informed about it here. We warn you against...

Forex Brokers

61. IroTradex

IroTradex is a platform claiming to be a Forex / CFD broker, offering the possibility of investing in instruments such as Forex, Commodities, Stocks,...

Forex Brokers

62. Binvesting

Binvesting is another broker whose activities are highly suspicious. We have received several reports from people who are unable to withdraw funds...

Forex Brokers

63. TRS Markets

TRS Markets is a brand that appeared among the submissions from our readers. The scheme of operation described by the users looks like the typical...

Forex Brokers

64. Grandefex

Grandafex is a scam broker that especially targets people in Germany and Spain. He appeared on British FCA and Spanish CNMV warning lists. If you...

Forex Brokers

65. Libra Markets

Libra Markets is a scam broker, appeared on the warning lists of many regulators, from the British FCA to the Maltese FMSA. We warn you against...

Forex Brokers

66. Pariba Group

Pariba Group is a scam broker. We warn you against transfering any money to this company. Pariba Group is a clone of BNP Paribas Group and is...

Forex Brokers

67. Dowmarkets

Dowmarkets is a scam broker. We warn you against transfering any money to this company. If you have any experience with Dowmarkets broker share it...

Forex Brokers

68. Shift Holdings

Shift Holdings is a company claiming to be a licensed Forex / CFD broker. In their e-mails, they informs customers that company has a CySEC license....

Forex Brokers
The above list of forex brokers is updated on a regular basis, however, if you notice that any data is out of date, we will be grateful for information. The ranking of forex brokers visible above is created on the basis of ratings added by portal users and does not include brokers who did not receive any opinion. All opinions are verified before publication, both automatically (the script detects suspicious patterns of adding opinions) and manually (substantive verification of opinions). We make every effort to ensure that the information collected on the website is as useful as possible for traders looking for a broker in our ranking. If you have experience with any of the brokers, share information about them by adding your own opinion. Remember to choose a forex/CFD broker based on your trading preferences. Depending on the type of trading you use, different broker characteristics may have a completely different meaning for you. The lowest commission is not always the most important factor. When you find a broker, you have never heard about, check out his competences and opinions.

What is Forex Broker?


A Forex broker is a financial institution that buys and sells assets on behalf of its clients and receives a commission in return. It can be said that the Forex broker acts as an intermediary that enables private investors to place orders to buy and sell in the Forex market. This means that if you want to invest in the foreign exchange market, you must have an account with one of the Forex brokers.

If it weren't for the Forex broker, you would need a lot of money and a unique relationship with banks to be able to trade in the foreign exchange market. On the other hand, the Forex broker will allow you to invest even relatively small amounts. What's more, most often they will provide you with a demo account where you will learn about the currency exchange platform and the mechanisms behind these transactions.

Where can you use the services of a broker?

Brokers usually work in banks and brokerage houses. They are usually people with economic education. Forex brokers can be found here.

What does the broker earn?

The broker usually charges a commission for each transaction made, which is his remuneration. Therefore, clients, when planning to buy or sell, have to add or deduct the broker's commission.

Does the broker make money even when the client loses?

Not everyone is able to predict all the situations that may happen on the stock market. The broker can also get it wrong. The strategy developed between the client and the broker may, in addition to profit, bring losses, but the broker always charges a commission, because it is not calculated on the profit, but on the value of the transaction.

How to choose a Forex broker

Choosing a Forex broker is not an easy task. You should take into account a number of factors such as the assets you want to trade, our deposit or the commission charged by the broker. It is worth paying attention to the service in Polish or the friendliness of the transaction platform. Due to the number of factors, it is worth reading the Forex broker ranking available on our website.

What broker for beginners

When we are new to Forex trading, choosing a broker can play an even greater role. It is worth focusing primarily on the ease of use of the transaction platform, the availability of educational materials on the broker's website, but also, which is extremely important, with the minimum possible deposit or the smallest transaction size that we can conclude. We suggest you use our eBook to help you choose the right broker.