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Author: Jessica Green
Financial Analyst
Jessica Green

Compare Forex Brokers

Forex brokers are the connection between you and Forex trading. By using a broker, you can trade currency pairs on one of the most popular trading markets in the world. While there are many available to choose from, all offering many different features, it can be daunting when it comes to choosing the right one to invest with.

The hardest part can be negotiating the sheer number of brokers offering their services across the world. With many based in one country and licensed in another, and offering many different languages, you can spend much of your time just searching through the information available. It can be hard to know where to start, which is why we are here to help.

From checking that a broker has licensing from a legitimate source to checking what features each one offers, there are many factors to consider. Starting with a checklist of what is important to you can be an excellent place to begin. You can then use our extensive research, reviews and recommendations to help you draw up a shortlist of brokers before you decide on the one for you.

Top Rated Forex Sites

1 Logo
Bonus Up-to $2000 Pairs 90+
Min. Trade $1 *Payout % 92.76%
Over 90+ pairs to trade now
Sterling reputation with the FCA
Made-for-purpose PRO platform
24/7 customer support service
High minimum trade requirements
English only website and support
Deposit Methods
Visa AMEX Bitcoin PaySafeCard
146 traded at this site today
Read Review
Vantage FX Logo
Bonus Up-to $1600 Pairs 80+
Min. Trade $1 *Payout % 91.48%
Over 80+ pairs to trade now
Established, with ASIC licensing
Added benefits for prolific traders
Social and copy trading available
Customer support office hours only
Website navigation not the best
Deposit Methods
AMEX Klarna MasterCard Skrill
95 traded at this site today
Read Review
Very Good
Bonus Up-to $1000 Pairs 80+
Min. Trade $1 *Payout % 89.72%
Over 80+ pairs to trade now
Big focus on advanced platform
Multiple and free demo accounts
Access to strategy manager for all
Limited choice of funding methods
Min. balance must be maintained
Deposit Methods
Visa PayPal PaySafeCard Neteller
33 traded at this site today
Read Review
Very Good
Bonus Up-to $1000 Pairs 35+
Min. Trade $1 *Payout % 89.56%
Over 35+ pairs to trade now
Dual licensing with FCA and ASIC
Four great platforms available
Free research and analysis tools
High minimum deposit required
Few ways to deposit & withdraw
Deposit Methods
AMEX PayPal PaySafeCard MasterCard
7 traded at this site today
Read Review
Alpari Logo
Very Good
Bonus Up-to $1000 Pairs 60+
Min. Trade $1 *Payout % 87.32%
Over 60+ pairs to trade now
MT5 platform adapted for Forex
Low minimum deposit of just $20
Welcomes robot trading methods
Confusing trader login process
No overnight support available
Deposit Methods
Visa Bitcoin PayPal MasterCard
13 traded at this site today
Read Review
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

What Makes a Great Broker

Top Sites

First and foremost, the critical requirement for a broker is that they invoke trust. As an online service, this is not always easy. How do you know that you can trust a Forex broker with your money? There are several ways to find a company that you can rely on:

Licensing And Regulation

This is one of the best ways to assess if a broker can be trusted. A licensed and regulated broker has to adhere to standards and regulations to be allowed to offer their services in a particular country. There are many types of licensing to look out for including CySEC (Cyprus), FCA (UK) and ASIC (Australia).

Ease of Using The Platform

Is the platform easy to use? Ease of use is high on the list of criteria when choosing a broker. You need to ascertain if they offer an excellent mobile trading experience and that this extends to all types of devices. Look for a compatible app or at least a superb mobile enhanced website.

Bonuses And Incentives

If you are new to Forex trading, a welcome bonus is an excellent incentive offered by many brokers. Sometimes it takes the form of a no deposit bonus giving you free money to trade with. Other bonuses offered include a deposit bonus which matches up to 100% of the funds that you deposit. This is an excellent way to build your capital or try new assets or trade types.

Free Demo Accounts

The demo account is high on the list for many traders as it allows you to get to grips with a trading platform before you continue any funds. While trading takes place in a virtual environment with virtual funds, it is a great way to find your way around and learn the ropes.

The terms and conditions, the number of currency pairs available and the education tools are also high on many traders list of requirements. When looking for a great broker, you are looking to ensure that they tick all of these boxes. In addition to this transparency is vital. Sometimes it can be hard to find the information that you are looking for. A good broker will ensure that all the information, including customer support, is easy to find and displayed on their website.

Bonus And Welcome Deals

Todays Top Traders
Trader Broker Pair Profit

While a bonus or welcome incentive is an essential factor for many traders, you need to consider if this is important to you? Are you likely to choose your broker based on the bonus that they offer? Now many Forex brokers offer bonuses to incentivise people to open an account and make an initial deposit. Once you make a deposit they will often match this or offer a percentage of your deposit as a bonus.

Some brokers go one step further and give you a bonus before you deposit any funds. These bonuses vary significantly between brokers with some not offering one. While some may provide a flat bonus based on a minimum deposit, others will offer a percentage ranging from 10% to 100% of your deposit. A welcome bonus is an excellent way to get to grips with trading as it allows you to trade without risk.

Having these usable funds means that you can get used to trading on the website and make your early mistakes (if any) without risking losing your own money. It is important to note though that once you have received your welcome bonus, you can't just withdraw it. Often you need to trade it a minimum number of times before you can remove it. After the first deposit bonus, many brokers will offer deposit bonuses to incentivise you to keep on trading.

Ideal Broker Features

The best Forex broker sites are all competing for your business in a very competitive market place. Therefore they need to ensure that they offer the best features and incentives for you to trade with them.

For many, the biggest draw is a deposit bonus while for others, it is the analytical tools or whether the platform offers a virtual demo account. Not all brokers offer a free demo account, some will offer them once you have made a deposit, but this is a common feature of a broker as it allows you to get used to trading on the platform with virtual money before you make a deposit.

If you are looking for a broker that offers the best trading platform, then you should check that they offer mobile trading and that you can trade on any device. For many, it is essential to be able to trade on the move whether that be on a smartphone or tablet.

So what are the most popular broker features that most traders look for?

  • Licensing and regulation from a reputable source
  • Good mobile trading experience on iOS and Android across multiple devices
  • Ease of use of the platform
  • Forex analytical and education tools
  • Demo trading platform with virtual funds
  • Automated trading so that you can trade without being online
  • Welcome or deposit bonus
  • Good customer support

You will have your list of criteria when it comes to making your choice, and once you have made this list, you can shortlist those that offer the features that you are looking for. We provide you with information with a list of criteria already researched and analysed to make the information more straightforward for you to filter.

So what are the most popular broker features that most traders look for?

Finding The Best Brokers

Whether you are new to Forex trading or have a little more experience, finding the right broker can often be the hardest part of your trading experience. Before you even get to grips with spread betting, currency pairs, the various analytical tools, and how to get the best out of trading you are faced with the finding the best broker. There are lots of good brokers, all who offer multiple benefits.

First, you need to decide which of the available features are essential to you. Are you more interested in the bonus than the trading experience for example? While it may all seem like a lot of time and effort to spend researching the various brokers; help is at hand. We have done all of the hard work for you with our team of experts spending their time studying and analysing every single broker. They carry out this research by using their own trading experience to trade with each broker.

In addition to this, our experience of the financial markets allows us to ensure that the brokers we recommend are trustworthy, licensed and regulated and a safe place to invest your money. If we put our name to a broker then it is because we have thoroughly vetted every aspect of trading with them. We then share this information with you enabling you to put together a shortlist before deciding which one to conduct your Forex trading with.

Our Review Rating System (More Info)

10% 10% 10% 15% 15% 20% 20% Pie Core
  • Account Types
  • Banking & Payouts
  • Bonuses & Promotions
  • Mobile Trading
  • Trade Types
  • Special Features
  • Customer Support
Expert Reviews

Frequently Asked Questions


Is Forex trading regulated and safe?

The brokers that we recommend have all been tried and tested; all have relevant licensing and more often than not are well established. Making an informed choice means that you can have peace of mind.

Can I trade without downloading software?

With many Forex brokers, you don't need to download any software to execute trades as the trading platform does everything for you. May choose to download software particularly if you wish to use automated trading.

Do I need to start trading with real money?

No. There are a couple of ways to trade without using your funds. The first is a demo account. Another way to trade without using your own money is by using your welcome bonus.

How do I make deposits and withdrawals?

To deposit funds with your chosen Forex broker, you can use one of many methods. There is the usual debit/credit card option. Many brokers accept Paypal, Skrill and wire transfers.

What is a Forex broker welcome bonus?

A Forex welcome bonus is a sign-up bonus used to incentivise new traders. If you are looking for a broker, you need to check what welcome bonus, if any, a specific broker offers.

Meet The Author
Jessica Green
Jessica Green
Financial Analyst

Jessica has written for us for 5 years and offers a unique perspective due to her having worked in the financial industry internationally. In fact, Jessica has worked in a staggering 8 countries including Germany, China and the USA.

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