Best Forex Brokers Reviews 2024 - Compare Ratings

BROKER REVIEWS OVERVIEW

Since "well begun is half done" is true across almost all realms, it is also true when it comes to your forex trading journey. Consequently, the initial choice of selecting your preferred broker becomes a crucial one, one that can make or break your eventual course in the trading world. This is why your broker should be chosen wisely and carefully and most of all chosen exactly because what the broker offers best matches and serves what you as an individual trader need and require. Reviewing all the available online forex brokers and evaluating their features and offering in order to identify which suits you best would be almost impossible, a daunting task that would require much time and effort.

Our team of resident experts offers a helping hand and simplifies the process for you by preparing handy and insightful reviews of online forex brokers, making sure all the necessary information you need to know and take into account in order to make the right and most suitable choice of broker is put at your fingertips, thus saving you both time and effort and maximizing your chances for eventual trading success. Find the right forex broker for you today by consulting our trusted forex broker reviews and using our handy forex broker comparison tools.

The Best Forex Brokers in 2024

OspreyFX

4.3 / 5

Exclusive OspreyFX Offers  $

Rating breakdown

Security

80%

4.0/5.0

Ease of Use

80%

4.0/5.0

Tradable Assets

100%

5.0/5.0

Deposit and withdrawal

80%

4.0/5.0

Trading Fees

100%

5.0/5.0

Support

80%

4.0/5.0

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a fully licensed and regulated broker

AvaTrade

4.2 / 5

Rating breakdown

Security

70%

3.5/5.0

Ease of Use

90%

4.5/5.0

Tradable Assets

100%

5.0/5.0

Deposit and withdrawal

100%

5.0/5.0

Trading Fees

80%

4.0/5.0

Support

60%

3.0/5.0

Things we liked:

 AvaTrade has low trading fees
 The account opening is user-friendly and fast
 It offers a lot of deposit and withdrawals options free of charge

Things we didn't like:

 The product portfolio is limited as it offers only CFDs, forex, and cryptos
 The research tools are limited

XM

4.0 / 5

Exclusive XM Offers  $

Rating breakdown

Security

80%

4.0/5.0

Ease of Use

100%

5.0/5.0

Tradable Assets

50%

2.5/5.0

Deposit and withdrawal

100%

5.0/5.0

Trading Fees

80%

4.0/5.0

Support

70%

3.5/5.0

Things we liked:

 XM has low trading fees
  The account opening is user-friendly and fast
 Lots of educational tools

Things we didn't like:

 XM has a limited product portfolio
 The research tools are limited
 It charges inactivity fees

Pepperstone

3.9 / 5

Rating breakdown

Security

100%

5.0/5.0

Ease of Use

80%

4.0/5.0

Tradable Assets

50%

2.5/5.0

Deposit and withdrawal

100%

5.0/5.0

Trading Fees

70%

3.5/5.0

Support

70%

3.5/5.0

Things we liked:

 Multiple social copy trading platforms are available.
 Pepperstone is regulated in three Tier-1 jurisdictions, two Tier-2 jurisdictions, and two Tier-4 jurisdictions.

Things we didn't like:

 Mostly CFDs offered
 MetaTrader platform is basic
 Slow live chat

FxPro

3.8 / 5

Rating breakdown

Security

80%

4.0/5.0

Ease of Use

100%

5.0/5.0

Tradable Assets

60%

3.0/5.0

Deposit and withdrawal

100%

5.0/5.0

Trading Fees

20%

1.0/5.0

Support

90%

4.5/5.0

Things we liked:

 Superb account opening process
 Great customer service
 Free deposit and withdrawal

Things we didn't like:

 Only CFDs and forex
 High trading fees for some stock CFDs
 Inactivity fee

eToro

3.8 / 5

Rating breakdown

Security

90%

4.5/5.0

Ease of Use

80%

4.0/5.0

Tradable Assets

80%

4.0/5.0

Deposit and withdrawal

60%

3.0/5.0

Trading Fees

60%

3.0/5.0

Support

80%

4.0/5.0

Things we liked:

 eToro offers commission-free stock and ETF trading in Europe and offers low fees for non-EU clients.
 Account opening is fast and seamless.
 It has innovative features like social trading that lets you copy others.

Things we didn't like:

 eToro has unreliable customer service, and its trading platform freezes sometimes.
 Education tools are very limited.

NextTrade

3.8 / 5

Rating breakdown

Security

70%

3.5/5.0

Ease of Use

70%

3.5/5.0

Tradable Assets

60%

3.0/5.0

Deposit and withdrawal

90%

4.5/5.0

Trading Fees

70%

3.5/5.0

Support

90%

4.5/5.0

Things we liked:

 0% Trading Commission
 Regulated Broker Accepting US Clients
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Newcomer in the industry
 The absence of community features

XTB

3.7 / 5

Rating breakdown

Security

80%

4.0/5.0

Ease of Use

100%

5.0/5.0

Tradable Assets

40%

2.0/5.0

Deposit and withdrawal

100%

5.0/5.0

Trading Fees

70%

3.5/5.0

Support

50%

2.5/5.0

Things we liked:

 XTB offers a fast deposit and withdrawal
 Multiple options to deposit, including credit/debit cards
 The account opening is also fast and user-friendly
 XTB has good research tools

Things we didn't like:

 XTB has limited product portfolio
 Account opening is is quick, but the sales team can be very pushy
  24/7 customer support is also missing

Admiral Markets

3.7 / 5

Rating breakdown

Security

80%

4.0/5.0

Ease of Use

60%

3.0/5.0

Tradable Assets

80%

4.0/5.0

Deposit and withdrawal

80%

4.0/5.0

Trading Fees

80%

4.0/5.0

Support

60%

3.0/5.0

Things we liked:

 A very well-established brokerage
 Huge variety of asset CFDs and derivatives to trade
 Comparatively low fees

Things we didn't like:

 Not suitable for beginner traders
 Potentially not available for US traders

TradeOr

3.7 / 5

Rating breakdown

Security

80%

4.0/5.0

Ease of Use

80%

4.0/5.0

Tradable Assets

60%

3.0/5.0

Deposit and withdrawal

80%

4.0/5.0

Trading Fees

60%

3.0/5.0

Support

80%

4.0/5.0

Things we liked:

 Zero commission policy
 Customers support is available 24/7
 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 No demo account
 TradeOr offers only one payment method – bitcoin

OctaFX

3.5 / 5

Rating breakdown

Security

80%

4.0/5.0

Ease of Use

80%

4.0/5.0

Tradable Assets

60%

3.0/5.0

Deposit and withdrawal

80%

4.0/5.0

Trading Fees

60%

3.0/5.0

Support

60%

3.0/5.0

Things we liked:

 Octa offers a proprietary platform for social copy trading
 Octa is regulated in one Tier-1 jurisdiction and one Tier-2 jurisdiction.

Things we didn't like:

 Arbitrage is not permitted;
 Only a narrow selection of tradeable symbols

Tickmill

3.5 / 5

Rating breakdown

Security

40%

2.0/5.0

Ease of Use

70%

3.5/5.0

Tradable Assets

60%

3.0/5.0

Deposit and withdrawal

90%

4.5/5.0

Trading Fees

100%

5.0/5.0

Support

60%

3.0/5.0

Things we liked:

 Low forex fees
 Any strategy is allowed
 Free deposit and withdrawal

Things we didn't like:

 relatively small choice of currency pairs;
 Outdated platform design and functions
 Basic news feed

IC Markets

3.5 / 5

Rating breakdown

Security

60%

3.0/5.0

Ease of Use

60%

3.0/5.0

Tradable Assets

50%

2.5/5.0

Deposit and withdrawal

90%

4.5/5.0

Trading Fees

100%

5.0/5.0

Support

60%

3.0/5.0

Things we liked:

 IC Markets has very low trading and non-trading fees
 It has also an easy and fast account opening
 The deposit and withdrawal are free and user-friendly

Things we didn't like:

 No investor and negative balance protection
 It has a limited product portfolio offering only forex, some CFDs, and crypto

RoboForex

3.3 / 5

Rating breakdown

Security

40%

2.0/5.0

Ease of Use

60%

3.0/5.0

Tradable Assets

60%

3.0/5.0

Deposit and withdrawal

100%

5.0/5.0

Trading Fees

80%

4.0/5.0

Support

60%

3.0/5.0

Things we liked:

 Market launch - STP and ECN
 Instant withdrawal of funds
 Minimum deposit - $10

Things we didn't like:

 A small number of currency pairs
 No demo account unless you’ve already opened a live trading account

FP Markets

3.3 / 5

Rating breakdown

Security

60%

3.0/5.0

Ease of Use

80%

4.0/5.0

Tradable Assets

50%

2.5/5.0

Deposit and withdrawal

80%

4.0/5.0

Trading Fees

60%

3.0/5.0

Support

60%

3.0/5.0

Things we liked:

 FP Markets offers very low forex fees
 The account opening is exceptionally easy and fast
 Many high-quality educational tools

Things we didn't like:

 The stock CFD fees are quite high
 The product portfolio is limited
 No investor and negative balance protection

EagleFX

3.2 / 5

Rating breakdown

Security

20%

1.0/5.0

Ease of Use

80%

4.0/5.0

Tradable Assets

40%

2.0/5.0

Deposit and withdrawal

100%

5.0/5.0

Trading Fees

60%

3.0/5.0

Support

80%

4.0/5.0

Things we liked:

 Bitcoin funding
 Free deposits and withdrawals

Things we didn't like:

 Country restrictions
 No Promotional Competitions
 Unregulated

Libertex

3.0 / 5

Rating breakdown

Security

60%

3.0/5.0

Ease of Use

60%

3.0/5.0

Tradable Assets

60%

3.0/5.0

Deposit and withdrawal

60%

3.0/5.0

Trading Fees

60%

3.0/5.0

Support

60%

3.0/5.0

Things we liked:

 Fast registration process;

Things we didn't like:

 Algorithmic trading is not available.
 Libertex accounts have fees subject to the underlying asset.

OANDA

2.8 / 5

Rating breakdown

Security

40%

2.0/5.0

Ease of Use

100%

5.0/5.0

Tradable Assets

20%

1.0/5.0

Deposit and withdrawal

100%

5.0/5.0

Trading Fees

20%

1.0/5.0

Support

60%

3.0/5.0

Things we liked:

 Offers a great and easy-to-use web trading platform
 No minimum account balance
 Powerful research tools (great API offer)

Things we didn't like:

 A limited product portfolio as it offers only forex CFDs
 The customer support has a lot to improve
 The money withdrawal can be pricey

Plus500

2.8 / 5

Rating breakdown

Security

70%

3.5/5.0

Ease of Use

20%

1.0/5.0

Tradable Assets

40%

2.0/5.0

Deposit and withdrawal

80%

4.0/5.0

Trading Fees

60%

3.0/5.0

Support

60%

3.0/5.0

Things we liked:

 Plus500 has a simple, easy to use trading platform
 The account opening process is fully digital and seamless
  Spreads are competitive

Things we didn't like:

 Plus500 has limited product portfolio, provides only CFDs
 It has high financing rates. Some standard research tools are missing

CMC Markets

2.8 / 5

Rating breakdown

Security

80%

4.0/5.0

Ease of Use

20%

1.0/5.0

Tradable Assets

20%

1.0/5.0

Deposit and withdrawal

100%

5.0/5.0

Trading Fees

50%

2.5/5.0

Support

60%

3.0/5.0

Things we liked:

 Low forex fees
 Great web and mobile platforms
 Advanced research and educational tools

Things we didn't like:

 High stock CFD fees
 Only CFDs are available
 Customer support only 24/5

IG Markets

2.6 / 5

Rating breakdown

Security

40%

2.0/5.0

Ease of Use

100%

5.0/5.0

Tradable Assets

20%

1.0/5.0

Deposit and withdrawal

40%

2.0/5.0

Trading Fees

20%

1.0/5.0

Support

90%

4.5/5.0

Things we liked:

 IG web trading platform is simple and user-friendly.
 The customer service is helpful
 Funding or withdrawing money is easy and there are multiple options.

Things we didn't like:

 Trading fees are high, especially when you trade with lower amounts
 The product portfolio is limited
 IG has limited research tools

Thorfx

 Attention! ThorFx has closed all operations.

Warning! After completing our compliance review, we've decided to delist this firm on our guide. ×

FXTM

 Attention! FXTM has ceased all operations from the 31st of December 2023, per an internal management decision.

Warning! After completing our compliance review, we've decided to delist this firm on our guide. ×

Need Help With Selecting Your Forex Broker?

Our Educational Center and other articles posted on start-business-online are a valuable source of tips, advice and views on selecting a broker that will meet your needs. Therefore, besides the comparison table, make sure you also browse through our other relevant content before commiting to open an account with a particular Forex broker.

In an effort to make your life easier when taking the difficult decision and choosing the Forex broker that is most suitable and appropriate for you, start-business-online has devised this neatly presented, interactive, comparison table, which not only summarizes the main features of each broker in just one row of essential data, but also includes three useful links.

By clicking on the “read review” link you acquire instant access to the review posted on start-business-online about the particular broker you have selected. This detailed review represents our opinion about each Forex brokerage included on our table.

If you are particularly interested in one specific broker and would like to get a full view of what is going for them, including all their news, events and promotions, then simply click on the “broker news” link.

Lastly, once you have selected your favourite Forex broker and you feel ready to start trading through them, then click on the “Open Account” button in that broker’s row. Bear in mind that if you reach the broker by clicking on our link, this automatically qualifies you to receive the exclusive bonus that our visitors are entitled to with each specific broker.

Although we strive to update all the information included on the table constantly, the lucrative Forex industry is so rapidly developing and evolving that it is perhaps impossible to always being able to keep up to pace. Therefore, start-business-online cannot assume responsibility for any errors or omissions in the data provided here.

NOTE: We are constantly updating our Trusted Forex Brokers Comparison table so that it reflects which firms we feel are the current best Forex Brokers for 2024.