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Forex CFD Broker Rankings

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Compare the top Forex CFD brokers and start trading.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

# Broker Founded Type Regulations Min Deposit Spread Max Leverage Score Start Trading
1 FXPro 2006 STP FCA, CySEC, FSCA, SCB 500 Var. 1:500 71
2 XM 2009 Market Maker CySEC, ASIC, IFSC 5 0.1 1:888 70
3 Plus500 2008 Market Maker CySec, ASIC, SFSA, MAS, FCA 100 Var. 1:30 70
4 AvaTrade 2006 Market Maker MiFID, ASIC, BVI, FFAJ, FSCA 100 0.9 1:400 69
5 Pepperstone 2010 STP ASIC, FCA, DFSA, SCB 200 0 1:500 69
6 easyMarkets 2001 Market Maker ASIC, CySEC, MiFID 100 0.9 1:30 66
7 IG 1974 STP FCA 250 0.6 1:200 63
8 EToro 2007 Market Maker, STP CySEC, FCA, ASIC, USA LLC 250 3 1:400 63
9 HF Forex 2012 STP, ECN CySEC, FCA, FSCA, DFSA, FSA 50 2 1:1000 62
10 forex.com 1999 Market Maker, STP, ECN IIROC, JFSA, FCA, CFTC 50 0.8 1:50 62
11 Vantage FX 2009 STP CIMA, ASIC, FCA 200 1.4 1:500 62
12 FXTM 2011 NDD CySEC, FCA, FSC 10 0.1 1:2000 62
13 Markets 2008 Market Maker CySEC, FSC, FCA, ASIC, FSCA 250 0.01 1:300 61
14 Tickmill 2014 Market Makers, STP FCA, CySEC, FSA 100 0 1:500 60
15 IQoption 2013 Market Maker CySEC 10 14 1:30 60
16 FXCM 1999 Market Maker, STP FCA, ASIC, FSCA 50 0.2 01:30 60
17 IronFX 2010 Market Maker ASIC, CySEC, FCA 100 0.7 1:500 58
18 FXPrimus 1999 Market Maker CySEC, FSCA, VFSC 100 0.1 1:500 55
19 Fortrade 2013 STP FCA, NBRB, ASIC, IIROC, CySec 200 2 1:30 54
20 BDSwiss 2012 Market Maker, STP CySEC, FSCA 100 1 1:500 53
21 Axiory 2012 STP IFSC 50 0 1:777 52
22 Darwinex 2012 Market Maker, STP FCA 500 0.2 1:30 51
23 Moneta Markets 2020 Market Maker CIMA, ASIC, FCA 200 1.2 1:500 50
24 24 Options 2008 Market Maker CySEC, IFSC 250 3 1:200 50
25 FBS 2009 Market Maker, ECN CySEC, IFSC 1 0 1:3000 50
26 City Index 1983 Market Maker FCA 100 0.5 1:400 45
27 Axi 2007 Market Maker, ECN ASIC, FCA No minimum deposit 1.24 1:400 45

Risk warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Steps to choosing the best Forex broker in 2020

  • Be sure to check whether the broker is regulated.
  • Variety and quantity of currency pairs offered, the more the better.
  • Compare the brokers based on the spreads and commissions.
  • Are the withdrawals easy to perform?
  • Check the account types and customisability offered.
  • Is customer support adequate and efficient?
  • Confirm that the Platform’s technical and analytical tools are sufficient for your requirements.

Ranking criteria and scores

Our Ranking Criteria and Broker Scores are based on several factors, these factors are deemed by our team as a necessary benchmark for choosing the right Broker. The factors are then individually assessed and given a certain weight & score, all the factor scores are then aggregated to make up the complete Ranking Score for each Broker. The main factors we take into consideration are Customer Support, Regulations, Percentage of Loss, Website Popularity, Platforms Available, Avg. Connection Time, Website Usability & Experience, Customer Reviews. Each of these criteria is given a certain score from 1 to 10, after each criterion have been given a Score we then calculate the Overall Ranking Score for each Broker which is reflected in our Ranking Tables.

About Forex Trading

Forex offers you the option to buy and sell currencies over the foreign exchange market. Being the largest financial market it, Forex trading is highly speculative and complex requiring active trading strategies and complex investment products. Currency prices fluctuate rapidly but in small increments, reason for small gain with small trades. That’s why currencies almost always are traded with leverage, or money borrowed from the broker. This in turn, apart from promising gains, sets the trader in high risk of exacerbated loses. We have prepared the following table for you to help you perform your due diligence before investing.

Learn about CFDs

Our Ranking Criteria and Broker Scores are based on several factors, these factors are deemed by our team as a necessary benchmark for choosing the right Broker. The factors are then individually assessed and given a certain weight & score, all the factor scores are then aggregated to make up the complete Ranking Score for each Broker. The main factors we take into consideration are Customer Support, Regulations, Percentage of Loss, Website Popularity, Platforms Available, Avg. Connection Time, Website Usability & Experience, Customer Reviews. Each of these criteria is given a certain score from 1 to 10, after each criterion have been given a Score we then calculate the Overall Ranking Score for each Broker which is reflected in our Ranking Tables.

*Some Brokers may have different scores depending on which Ranking Table they are placed in, and which other Brokers they are compared to.

About Forex Trading

Forex offers you the option to buy and sell currencies over the foreign exchange market. Being the largest financial market it, Forex trading is highly speculative and complex requiring active trading strategies and complex investment products. Currency prices fluctuate rapidly but in small increments, reason for small gain with small trades. That’s why currencies almost always are traded with leverage, or money borrowed from the broker. This in turn, apart from promising gains, sets the trader in high risk of exacerbated loses. We have prepared the following table for you to help you perform your due diligence before investing.

Learn about CFDs
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