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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.

#BrokerFoundedTypeRegulationsMin DepositSpread (Pips)Max LeverageScoreStart Trading
1Plus5002008Market MakerCySec, ASIC, SFSA, MAS, FCA1000.091:30073
2AvaTrade2006Market MakerMiFID, ASIC, BVI, FFAJ, FSCA1000.91:40072
3XM2009Market MakerCySEC, ASIC, IFSC50.11:88871
4FXPro2006STPFCA, CySEC, FSCA, SCB5000.91:50069
5IG1974STPFCA2500.61:20066
6HF Forex2012STP, ECNCySEC, FCA, FSCA, DFSA, FSA5021:100065
7easyMarkets2001Market MakerASIC, CySEC, MiFID1000.91:3065
8FXTM2011Market Maker, STP, ECNCySEC, FSCA, FCA, FSA100.11:3064
9eToro2007Market Maker, STPCySEC, FCA, ASIC25031:40063
10Vantage Fx2009STPCIMA, ASIC, FCA2001.41:50062
11Markets2008Market MakerCySEC, FSCA1000.011:20062
12Tickmill2014Market Makers, STPFCA, CySEC, FSA10001:50061
13Pepperstone2010STP, ECNASIC, FCA, DFSA2000.011:50060
14IQ Options2013Market MakerCySEC10141:3058
15IronFX2010Market MakerASIC, CySEC, FCA1000.71:50058
16FXCM1999Market Maker, STPFCA, ASIC, FSCA500.201:3058
17BDSwiss2012Market Maker, STPCySEC, FSCA10011:50056
18FXPrimus1999STPCySEC, FSCA, VFSC1000.11:50055
19Darwinex2012Market Maker, STPFCA5000.21:3053
20Forex.com1999Market Maker, STP, ECNFCA, CFTC, ASIC, FSA, IIROC, CIMA, SFC, MAS500.81:5053
21Moneta Markets2020Market MakerCIMA, ASIC, FCA2001.21:50052
2224 Options2008Market MakerCySEC, IFSC25031:20050
22City Index1983Market MakerFCA1000.51:40042

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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