The Best Online Currency Brokers - Learn to Trade
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The Best Online Currency Brokers

Estimated Reading Time: 4 minutes

Michael Fasogbon

Updated:


Are you betting that the Euro (EUR) currency will rise in value against the US Dollar (USD)? Then you will have to trade the EUR/USD pair. It is essential to note that forex is the biggest market in the world.

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Sort By

4 Providers that match your filters

Payment methods

Trading platforms

Regulated by

Support

Min.Deposit

$ 1

Leverage max

1

Currency Pairs

1+

Classification

1or more

Mobile App

1or more
Recommended

Rating

Total cost

$ 0 Commission 3.5

Mobile App
10/10

Min.Deposit

$100

Spread min.

Variables pips

Leverage max

100

Currency Pairs

40

Trading platforms

Demo
Webtrader
Mt4
MT5

Funding Methods

Bank Transfer Credit Card Giropay Neteller Paypal Sepa Transfer Skrill

Regulated by

FCA

What you can trade

Forex

Indices

Actions

Cryptocurrencies

Raw Materials

Average spread

EUR/GBP

-

EUR/USD

-

EUR/JPY

0.3

EUR/CHF

0.2

GBP/USD

0.0

GBP/JPY

0.1

GBP/CHF

0.3

USD/JPY

0.0

USD/CHF

0.2

CHF/JPY

0.3

Additional Fee

Continuous rate

Variables

Conversión

Variables pips

Regulation

Yes

FCA

No

CYSEC

No

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

No

CBFSAI

No

BVIFSC

No

FSCA

No

FSA

No

FFAJ

No

ADGM

No

FRSA

71% of retail investor accounts lose money when trading CFDs with this provider.

Rating

Total cost

$ 0 Commission 0

Mobile App
10/10

Min.Deposit

$100

Spread min.

- pips

Leverage max

400

Currency Pairs

50

Trading platforms

Demo
Webtrader
Mt4
MT5
Avasocial
Ava Options

Funding Methods

Bank Transfer Credit Card Neteller Skrill

Regulated by

CYSECASICCBFSAIBVIFSCFSCAFSAFFAJADGMFRSA

What you can trade

Forex

Indices

Actions

Cryptocurrencies

Raw Materials

Etfs

Average spread

EUR/GBP

1

EUR/USD

0.9

EUR/JPY

1

EUR/CHF

1

GBP/USD

1

GBP/JPY

1

GBP/CHF

1

USD/JPY

1

USD/CHF

1

CHF/JPY

1

Additional Fee

Continuous rate

-

Conversión

- pips

Regulation

No

FCA

Yes

CYSEC

Yes

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

Yes

CBFSAI

Yes

BVIFSC

Yes

FSCA

Yes

FSA

Yes

FFAJ

Yes

ADGM

Yes

FRSA

71% of retail investor accounts lose money when trading CFDs with this provider.

Rating

Total cost

$ 0 Commission 6.00

Mobile App
7/10

Min.Deposit

$10

Spread min.

- pips

Leverage max

10

Currency Pairs

60

Trading platforms

Demo
Webtrader
Mt4

Funding Methods

Credit Card

What you can trade

Forex

Indices

Cryptocurrencies

Average spread

EUR/GBP

1

EUR/USD

1

EUR/JPY

1

EUR/CHF

1

GBP/USD

1

GBP/JPY

1

GBP/CHF

1

USD/JPY

1

USD/CHF

1

CHF/JPY

1

Additional Fee

Continuous rate

-

Conversión

- pips

Regulation

No

FCA

No

CYSEC

No

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

No

CBFSAI

No

BVIFSC

No

FSCA

No

FSA

No

FFAJ

No

ADGM

No

FRSA

Your capital is at risk.

Rating

Total cost

$ 0 Commission 0.1

Mobile App
10/10

Min.Deposit

$50

Spread min.

- pips

Leverage max

500

Currency Pairs

40

Trading platforms

Demo
Webtrader
Mt4
STP/DMA
MT5

Funding Methods

Bank Transfer Credit Card Neteller Skrill

What you can trade

Forex

Indices

Actions

Raw Materials

Average spread

EUR/GBP

-

EUR/USD

-

EUR/JPY

-

EUR/CHF

-

GBP/USD

-

GBP/JPY

-

GBP/CHF

-

USD/JPY

-

USD/CHF

-

CHF/JPY

-

Additional Fee

Continuous rate

-

Conversión

- pips

Regulation

No

FCA

No

CYSEC

No

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

No

CBFSAI

No

BVIFSC

No

FSCA

No

FSA

No

FFAJ

No

ADGM

No

FRSA

71% of retail investor accounts lose money when trading CFDs with this provider.

 

To involve yourself in the forex market, you will need to have a currency broker to help in trading currencies.

Currency Brokers

Choosing the right broker determines how far you will go in your trades and your returns.

Hence, it is needful to note the proper steps to take before moving forward. In this article, we will take a detailed look at the best online currency brokers and how to choose them.

The best forex brokers

  • IG

IG is one of the most regulated and trusted sites in the world. It offers forex traders lots of excellent tools and tradable products for them to perform better.

This good broker also offers research tools and vital information on informative rates.

HYCM is one of the best online currency brokers in the world right now. It is fully regulated and allows traders to start with a minimum deposit of $100 and a spread from 0,2 pips.

This broker is safe and easy to use. However, it is an excellent choice to use as a forex trader.

Saxo Bank is for traders who can afford the USD 10,000 minimum deposit (GBP 500).

This broker offers excellent tools, competitive pricing, unique trading platforms, and more than ten thousand trading instruments.

It is essential to note that Saxo Bank has perfected its user-interface design and user-experience process with news and research options; thus, giving you a memorable trading experience.

  • TD Ameritrade

TD Ameritrade has more than 80 currency-trading pairs together with a plethora of tools to trade within the forex market. It has the right trading tools and competitive pricing for traders.

  • com

Forex.com has lots of trading options for forex traders out there. It has full-feature platforms and a plethora of trading tools for forex traders. It is a good broker in the forex market.

  • CityIndex

Currency Brokers

City Index is one of the best brokers in the world. It is a multi-asset forex broker that is tested and trusted, and it is regulated in Singapore.

This broker takes care of the different sets of forex, from newbies to experts. It also offers one of the best active trader programs for high-profile investors.

  • XTB

This is a trusted multi-asset broker in different financial markets. This forex broker has well-rounded and competitive pricing for traders. It also has superb customer service.

 

AvaTrade - Established Broker With Commission-Free Trades

Our Rating

  • Minimum deposit of just 250 USD to get lifetime access to all the VIP channels
  • Awarded Best Global MT4 Forex Broker
  • Pay 0% on all CFD instruments
  • Thousands of CFD assets to trade
  • Leverage facilities available
  • Instantly deposit funds with a debit/credit card
71% of retail investor accounts lose money when trading CFDs with this provider.

 

Final Words

These are the best forex broker to choose. It is essential also to know that there are lots of forex brokers out there; you need to check out some criteria before choosing one.

The conditions such as reputation, regulation, trading platform and features, payment and withdrawal methods, and customer support should be considered.

It is also necessary to seek advice, read reviews, and research before choosing a forex broker out there. The right broker is essential if you want to succeed in the forex market.

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