Are you looking for the best and most serious Forex broker in 2023?
Then this page is the right place for you.
We are happy to provide all traders with this special service so that you can find the best Forex broker to meet your needs.
Thanks to the large selection on the Internet, it is often difficult to make the right decision. With more than 7 years of experience in the financial markets, find out in the following texts how to select a security provider and which online broker offers the best conditions.
| Broker's | IC Markets | Exness | XM | ROBOFOREX | FBS | LITEFOREX | Avatrade | OCTAFX |
|---|---|---|---|---|---|---|---|---|
| ⭐Brand |
|  |  |  |  |  |  |  |
| 📅Year Founded | 2007 | 2008 | 2009 | 2009 | 2009 | 2005 | 2006 | 2011 |
| 🏢 Headquartered | Sydney, Australia | Cyprus | United Kingdom | Belize | Limassol, CY | Majuro, Marshall Islands | Ireland | United Kingdom |
| ⚖️Regulating | ASIC | CySEC, FCA, South Africa FSCA, the Seychelles FSA, the BVI Financial Services Commission and the Central Bank of Curaçao. | FCA | CySEC, IFSC | IFCS | Marshall Islands Business Corporation Act | Central Bank of Ireland, B.V.I, ASIC, FSCA, FFAJ, ADGM, CySEC | regulated by CySEC |
| 📛 Countries not accepted | USA, Israel and Japan. | United States | United States | US, Canada, Australia, and Japan | Japan, USA, Canada, UK, Myanmar, Brazil, Malaysia, Israel and the Islamic Republic of Iran | USA, Israel and Japan. | USA, North Korea, New Zealand, Iran, Belgium | United States |
| 💼 Account Types | Raw Spread (cTrader) / Raw Spread / Standard | Standard, Cent, Raw, Zero and Professional Account | Micro Account; Standard account; Ultra Low Account; Shares Account | RoboForex Prime, ECN ,R StockTrader, ProCent ,Pro | Cent account; Micro account; Standard account; Zero Spread account; ECN account; Crypto account | ECN Account, Classic Account | Standard, Professional and Options | OctaFX MT5 OctaFX MT4 |
| ☪️ Islamic account | ✔️ Yes | ✔️ Yes | ✔️ Yes | ✔️ Yes | ✔️ Yes | ✔️ Yes | ✔️ Yes | ✔️ Yes |
| 📒 Demo Account | ✔️ Yes | ✔️ Yes | ✔️ Yes | ✔️ Yes | ✔️ Yes | ✔️ Yes | ✔️ Yes | ✔️ Yes |
| 💰Bonus | ❌ No | ❌ No | $30 | $30 | $140 | ❌ No | ✔️ Yes | ✔️ Yes |
| 📈 Maximum Leverage | 1:500 | 1:Unlimited | 1:888 | 1:2000 | 1:3000 | 1: 500 | 1: 400 | 1:500 |
| 💰 Minimum Deposit | $200 | $10 | $5 | $10 | $1 | $10 | $100 | $25 |
| 💳 Deposit Options | Bank / wire transfer, PayPal, credit card, Skrill, Neteller, UnionPay, BPAY, FasaPay and Poli. | Bitcoin Tether Internet Banking Bank Card Neteller Perfect Money WebMoney Skrill Internal Transfer | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, Western Unionand, VISA/ MasterCard/ JCB more. | Neteller; Sticpay; Skrill; Perfect Money | Credit/debit card (Visa & Mastercard), Bank transfer, WebMoney, CentrePay, Neteller, Skrill, Alipay, Yandex, Deng, | CC (MasterCard/Visa), Bank Wire, PayPal, Skrill, Neteller, P24, Klarna/Sofort, Rapid Transfer, Ideal, Poli, Boleto, Perfect M, Giropay, | bank wires, credit/debit cards, and cryptocurrencies ,Neteller, Perfect Money, Skrill) |
| 💳 Withdrawal Options | Bank / wire transfer, PayPal, credit card, Skrill, Neteller, UnionPay, BPAY, FasaPay and Poli. | Tether Internet Banking Bank Card Neteller Perfect Money WebMoney Skrill Internal Transfer | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more. | Bank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, Western Unionand, VISA/ MasterCard/ JCB more. | Neteller; Sticpay; Skrill; Perfect Money | Skrill, Perfect Money, and Neteller. | Multibanco, NetbankingUP, OnlineBankLatam, Qrpay, Ozow, UPI, M-PESA,PayRetailers | bank wires, credit/debit cards, and cryptocurrencies ,Neteller, Perfect Money, Skrill) |
| 📊 Platform Types | MetaTrader 4, MetaTrader 5, WebTrader | MetaTrader 4 and MetaTrader 5 Windows, Mobile, Web, iPhone, iPad | MetaTrader 4 and MetaTrader 5 | MetaTrader 4 and MetaTrader 5 | MetaTrader 4 and MetaTrader 5 | MetaTrader 4 and MetaTrader 5 | Web Trading, AvaTradeGo (mobile app), MT4, MT5, AvaOptions, Automated trading (DupliTrade), and AvaSocial | MetaTrader 4, MetaTrader 5, Proprietary platform |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS | PC and Mac OS, mobile for Android and IOS | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads | Web, PC and Mac OS, mobile for Android and IOS | Android, Apple iOS, Web, Windows, macOS, Multiterminal | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 💱 Tradable assets offered | Forex, CFDs on indices, stocks, commodities and futures, precious metals, and cryptocurrencies | Forex currency pairs, metals, cryptoсurrencies, energies, indices, stocks | Forex, commodities, cryptocurrency, shares, indices, metals, energies, options, bonds, CFDs, and ETFs | Forex, Stocks, Indices, ETF,Commodities, Metals, Energy commodities, Cryptocurrencies | Forex, commodities, bonds, shares, indices, stocks, CFDs, metals, energies | Commodities – Trade gold and oil 14/5 with consistent liquidity Global stock indexes – Trade CFDs on major global indices, including the US30 (Dow Jones) Cryptocurrency – Popular crypto pairs, including Bitcoin, provide an alternative to traditional markets | +1250 trading instruments: Forex, Stocks, Commodities, FXOptions, Cryptocurrencies, Indices, ETFs, Bonds | Commodities, Metals,Indices, CFDs, Oil, Gold |
| 💬 Customer Support Languages | Multilingual | English, Indonesian, Arabic, Japanese, French, Hindi, Portuguese, Russian, Spanish and Urdu. | 23 Languages | Multilingual : 18 Languages | Deutsch, English, Español, Français, Italiano, Português | Multilingual | Multilingual | Multilingual |
| 🗺 Languages supported on Website | Multilingual | Arabic, Bengali, Czech, Dutch, Filipino, French, German, Greek, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Vietnamese | 23 Languages | English, Arabic, Chinese, Czech, Kazakh, Malay, Portuguese, Spanish, Taiwanese, Thai, Ukrainian, Uzbek, Vietnamese, | Deutsch, English, Español, Français, Italiano, Português | Multilingual | Multilingual | Multilingual |
| ⏲️ Customer Service Hours | 24/5 | 24/5 | 24/5 | 24/7 | 24/5 | 24/5 | 24/5 | 24/5 |
| 🏛️ Website | ICMarkets.com | Exness.com | XM.com | Roboforex.com | FBS.com | Lliteforex.com | www.avatrade.com | Octafx.com/ |
Definitions:
Account type – An account type name. Basic account types include Cent (balance in US cents), Micro (usually having a minimum lot from 0.01 (1,000 reference currency units), Standard (classic accounts normally having ultimate functionality), Pro accounts intended for use by professional traders, usually having reduced spread, ECN (Electronic Communications Network) – accounts having access to one of electronic stock exchange systems, NDD (No Dealing Desk) – accounts with execution without the dealer’s participation, STP (Straight Through Processing).
Min. deposit – Minimum deposit necessary for opening this type of account.
Min. lot – Minimum position amount, where 1 lot = 100,000 reference currency units.
Typical spread – Difference between the bid and ask prices for the selected instrument. For account types with fixed spread constant value is specified. For account types with floating spread, the normal average daily spread is specified. If the broker doesn’t specify this value, the typical spread is calculated by Forex Wiki Trading as the average daily value.
Max. lev. – Maximum size of broker leverage.
Trading platform – MT4 – MetaTrader 4, MT5 – MetaTrader 5, Web – Web trading platform.
Year of found. – Year of the company foundation.
Reg. – Regulating organization.
Regulation in Europe – Brokers registered and regulated in the European Union
STRICT CRITERIA FOR THE FOREX BROKER REVIEW
In contrast to many other comparison sites, we present to you on this website really the safest providers with the best conditions for traders. As traders with many years of experience, we have tested many Forex Brokers and still use some of them. A good provider should have certain characteristics that guarantee good and safe investing.
It is not uncommon to hear of fraud on the Internet. This is to be avoided with this comparison. In addition, one would like to save fees as a trader, because the costs for the trade reduce of course the actual profits. Also, the security of customer money is of high priority. A regulation or license, for example, is urgently needed for secure trading with European brokers. All these criteria and many more are included in the test. Therefore, we can present to you on this page the best Forex Brokers 2020.
Proven facts for a good Forex Broker:
- Regulation and license of an official finance authority
- Safety of customer funds
- Good markets execution
- Small Forex Trading fees and no hidden fees
- No requites (high liquidity)
- User-friendly trading platform
- Free and unlimited demo account
- Professional support
- Fast deposit and withdrawal methods