Selecting a forex brokers isn’t a simple decision—it demands time, diligence, and careful thought. Without proper research, you risk choosing a broker that might cause issues later on. A brief glance at the market, however, shows that there is no shortage of options.
That’s why we’ve reviewed forex broker Info evaluating their advantages, disadvantages, features, and regulatory standings. Remember, there isn’t a universal “best” broker; every trader has unique needs and goals. Still, after thorough analysis, these nine brokers emerge as some of the leading choices available today
Best Forex Brokers List 2025
Forex Broker Evaluation: Criteria Breakdown Summary
To evaluate the most popular forex brokers, I developed a comprehensive set of criteria. This framework covers regulatory compliance, the quality of forex trading accounts, available tradable assets, user-friendliness, advanced features, competitive spreads and fees, and available leverage. Additionally, I examined customer support, educational resources, research tools, and the capabilities of their trading platforms. Each factor was rated on a scale of one to five, providing a detailed overview of each broker’s performance.
| Broker | Best For | Min. Deposit | Regulation | Platforms | |||
| Xtreme Markets | ECN Trading | $10 | FSC | MT4, MT5 | |||
| FOREX.com | US traders | $100 | NFA, CFTC, FCA | Proprietary, MT4 | |||
| OANDA |
| $0 |
|
| |||
| FP Markets | ECN trading | $50 | ASIC, CySEC | MT4, MT5, IRESS | |||
| Exness | High leverage | $1 for Standard accounts | CySEC, FCA, FSCA | MT4, MT5 | |||
| FXTM | Education | $200 | CySEC, FCA, FSCA | MT4, MT5 | |||
| eToro | Social trading | $50 | FCA, CySEC, ASIC | Proprietary | |||
| Interactive Brokers | Low costs | $0 | SEC, FCA, IIROC | TWS, IBKR Mobile | |||
| AvaTrade | User-friendly | $100 | CBI, ASIC, FSCA | MT4, MT5, AvaTradeGO |
Xtreme Markets
Xtreme Markets is a very popular ECN forex broker, famed for its different account types and high leverage, up to 1:2000. This broker was founded in 2015, which hints toward its reliability and quality. Execution speeds are fast and here are several trading platforms supported.
Overall, Xtreme Markets is one of the top ECN forex brokers on the market, with excellent regulatory oversight. However, this broker provide the US forex services.
Features
Xtreme Markets has many features that are useful to both beginner and advanced traders. Trading instruments go beyond forex, with stocks, cryptocurrencies, indices, metals, and energies available. Exness offers a range of trading platforms, including MetaTrader 4 & 5, and several proprietary tools. These include the Analytics Portal and Trade Processor. Additionally, Xtreme Markets is renowned for its copy trading options, giving traders the chance to emulate successful past trades.
FOREX.com
FOREX.com is the best forex broker for US clients as it’s one of the few brokers that offers services in the country. Established in 2001, FOREX.com is popular for its range of tradable markets and competitive pricing in particular. Additionally, there is a large range of educational resources aimed toward both advanced and beginner traders. This is a forex broker regulated by the FCA, CFTC, NFA, and other authorities.
Features
FOREX.com has many tools and features for all trading abilities. There are several trading platforms available, including MetaTrader 4 & 5, and their proprietary platform with mobile app. Traders can access accurate market analysis tools, trading signals, and economic calendars. All of this makes it easier to reach solid trading decisions, often on-the-go. Additionally, the Performance Analytics tool allows for development over time.
OANDA US
The first of my forex broker reviews was OANDA US. This broker was established in 1996 and has a reputation for reliability. It is a solid choice for traders who prioritize advanced research tools in particular, and is known for its fxTrade platform.
OANDA offers a range of tradable instruments and it is a good choice for both advanced and beginner traders. For peace of mind, this broker is regulated by the FCA, ASIC, and MAS, making it a solid broker for forex traders.
Features
OANDA offers a small choice of trading platforms, including MetaTrader 4 and its popular proprietary platform, fxTrade. This is available in web, desktop, and mobile formats, along with advanced charting and technical analytical tools. There is a range of tradable instruments available, making it easy to diversify portfolios. Additionally, the MarketPlus blog is useful for staying up-to-date with market changes and insights.
FP Markets
FP Markets is one of the most reputable forex brokers in the USA, having been founded in 2005. It is classified as an ECN broker, and based in Australia. This broker offers a low-cost trading environment with plenty of reliability and access to many markets. There are many advanced trading tools on offer and fast execution speeds.
As a result, it is one of the best forex brokers for US advanced traders.
Features
FP Markets has a large range of features that are suitable for different trading abilities. The standout point is advanced risk management tools, including negative balance protection. Strong regulation is also a plus. This broker offers many trading instruments and advanced platforms. Additionally, there is a social trading platform for copy trading.
Exness
Exness is a very popular forex broker, famed for its different account types and high leverage, up to 1:2000. This broker was founded in 2008, which hints toward its reliability and quality. Execution speeds are fast and here are several trading platforms supported.
Overall, Exness is one of the top forex brokers on the market, with excellent regulatory oversight. However, this broker does not provide US forex services.
Features
Exness has many features that are useful to both beginner and advanced traders. Trading instruments go beyond forex, with stocks, cryptocurrencies, indices, metals, and energies available. Exness offers a range of trading platforms, including MetaTrader 4 & 5, and several proprietary tools. These include the Analytics Portal and Trade Processor. Additionally, Exness is renowned for its social trading options, giving traders the chance to emulate successful past trades.
FXTM
FXTM is also known as ForexTime and it is a reputable broker in forex circles with a range of features. This forex company is particularly known for its large range of educational resources that cater for all ability types. FXTM also has a copy trading function, which allows users to emulate other traders’ successful trades.
Features
FXTM has a large number of features that suit both beginner and advanced traders alike. There are many tradable instruments including cryptocurrencies, forex, commodities, and stocks. The mobile app is ideal for on-the-go trading and this broker also offers MetaTrader 4 & 5, along with their associated tools. Moreover, FXTM Trading Signals and Trading Central tools are excellent analytical features.
However, FXTM stands out with its commitment to trader education, offering a large range of resources for all trading ability levels.
eToro
eToro is a unique fx brokerage firm focused on social trading. It also has a large range of cryptocurrencies to trade with, making it stand out above its competitors. This broker was established in 2007 and it is one of the most reliable and used brokers in the market. The interface is extremely easy to use and there are several of the best forex trading platforms to choose from.
Features
eToro’s standout feature is its social trading focus, with a very easy-to-use copy trading function. This helps beginner traders to learn and develop, and allows advanced traders to diversify their strategies. Additionally, there are a large number of tradable instruments, including forex, ETFs, cryptocurrencies, and commodities.
There are several trading platforms to choose from and the proprietary app is ideal for on-the-go trading. Finally, there are many educational resources in the eToro Academy.
Interactive Brokers
Interactive Brokers has a long history, having been founded in 1978. As a result, it is one of the most well-regarded and reliable brokers amongst forex traders. This trader is known for its access to global markets and low trading costs. There are many tradable assets available, along with advanced platforms, and many analytical tools for trading fx.
Features
Interactive Brokers has a range of features that are particularly useful for advanced traders. A highlight is its advanced platform, called Trader Workstation. This gives access to complex order types, real-time news and data, and advanced charting tools. There are also web and mobile-based platforms. Additionally, this broker has in-depth research tools, including integration with third-party tools.
AvaTrade
The final option in my reviews of forex brokers was AvaTrade. This is another reputable choice, having been founded in 2006, and is popular with beginner and intermediate traders. AvaTrade has a good blend of advanced and basic features, and there are many educational resources available.
Features
AvaTrade has no shortage of features that cater for all trading ability levels. There are many tradable instruments available, including forex, indices, commodities, CFDs on stocks, and cryptocurrencies. MetaTrader 4 & 5 are available, alongside the proprietary platform, AvaTrade GO, which has built-in market analysis. Additionally, there are many advanced features on offer, such as automated trading. The AvaProtect tool is ideal for risk management.
