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The forex market is the largest, most liquid market in the world. Currencies from around the globe are traded against each other 24 hours a day, five days a week. Forex traders speculate on currencies based on fluctuations in global exchange rates.
I’ve been trading forex for more than 25 years and I’ve been invited to speak about the forex industry at conferences around the world. To help traders find a reputable online broker, I’ve tested and reviewed over 60 online forex brokers. In this guide, you’ll find my picks for the best forex brokers across the globe.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Best Forex Brokers for 2025
My review process at ForexBrokers.com includes hands-on testing, robust fact-checking, and thousands of hand-collected data points; here are my picks for the best forex brokers for 2025 from around the world:
- IG – Best forex broker for 2025
- Interactive Brokers– Best for professional traders
- Saxo – Best platform suite and research
- CMC Markets – Great web platform
- FOREX.com – Great for educational content
- Charles Schwab – Great support and platform suite
- XTB – Well-balanced offering
- City Index – Wide range of markets
- eToro – Best for copy and crypto trading
5.0 Overall
Best forex broker for 2025
| Minimum Deposit | £250.00 |
| Trust Score | 99 |
| Tradeable Symbols (Total) | 19537 |
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets. Read full review
Pros
- Outstanding platforms and tools
- Over 19,000 tradeable instruments
- Competitive pricing
Cons
- No predefined layouts on the flagship web platform
- Limited product range on MT4
Quotes as tight as 1/10 of a pip
(66% of retail CFD accounts lose money.)
4.5 Overall
Great for MetaTrader and copy trading
| Minimum Deposit | £100.00 |
| Trust Score | 99 |
| Tradeable Symbols (Total) | 13500 |
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader. Read full review
Pros
- Robust platform for professional traders
- Wide range of global markets
- Thorough research offering
Cons
- Trader Workstation platform is likely too complicated for inexperienced traders
5.0 Overall
Best platform suite and research
| Minimum Deposit | $0 |
| Trust Score | 99 |
| Tradeable Symbols (Total) | 70000 |
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader. Read full review
Pros
- Flagship platform is top of the line
- Over 40,000 tradeable instruments
- Excellent customer service
Cons
- High minimum deposit
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Top picks for the best forex brokers
| Company | Overall Rating | Minimum Deposit | Average Spread EUR/USD - Standard |
|---|---|---|---|
 |  | £250.00 | 0.98 info |
Regulated and trusted across the globe, IG offers traders the ultimate package – excellent forex trading platforms, research tools, industry-leading education, comprehensive market research, and an extensive list of tradeable products. This fantastic all-round experience has earned IG my top ranking across dozens of brokers for over seven years. Simply put, IG is the best overall forex broker for traders around the world in 2025.
- Trust: Founded in 1974, IG is publicly traded (LON: IGG) and regulated in eight Tier-1 jurisdictions, making it a Highly Trusted broker for forex and CFD trading. All jurisdictions considered, we ranked IG as the most trusted forex and CFD broker for our 2025 Annual Awards.
- Commissions: IG uses its size to provide consistent pricing for forex trades across the board — regardless of the product you trade — and shines for its active trader pricing available through its Forex Direct accounts.
- Forex trading platforms: While IG also offers MetaTrader and premium MT4 add-ons from FX Blue, only 76 tradeable instruments are available. There's no question; IG's flagship platform is the better choice between the two, and offers an extensive range of tradeable markets. One of my favorite aspects of IG’s web platform is how trading signals are integrated, along with the ability to trade from charts seamlessly.
- Research: IG also stands out for research with high-quality content across a variety of formats, from IGTV videos available both on its platform and YouTube to market analysis articles from in-house staff.
- Education: IG is also our top broker for education thanks to its vast selection of content including courses, podcasts, videos, the dedicated IG Academy app, and IG Community. IG has retained its position as an early leader in this category, setting a benchmark for other brokers striving to close the gap, with Education remaining a central focus for new market entrants. In addition, experienced traders who want access to more advanced content can also benefit from more in-depth courses, such as those related to risk management.
| Company | Overall Rating | Minimum Deposit | Average Spread EUR/USD - Standard |
|---|---|---|---|
| | £250.00 | 0.98 info |
Regulated and trusted across the globe, IG offers traders the ultimate package – excellent forex trading platforms, research tools, industry-leading education, comprehensive market research, and an extensive list of tradeable products. This fantastic all-round experience has earned IG my top ranking across dozens of brokers for over seven years. Simply put, IG is the best overall forex broker for traders around the world in 2025.
- Trust: Founded in 1974, IG is publicly traded (LON: IGG) and regulated in eight Tier-1 jurisdictions, making it a Highly Trusted broker for forex and CFD trading. All jurisdictions considered, we ranked IG as the most trusted forex and CFD broker for our 2025 Annual Awards.
- Commissions: IG uses its size to provide consistent pricing for forex trades across the board — regardless of the product you trade — and shines for its active trader pricing available through its Forex Direct accounts.
- Forex trading platforms: While IG also offers MetaTrader and premium MT4 add-ons from FX Blue, only 76 tradeable instruments are available. There's no question; IG's flagship platform is the better choice between the two, and offers an extensive range of tradeable markets. One of my favorite aspects of IG’s web platform is how trading signals are integrated, along with the ability to trade from charts seamlessly.
- Research: IG also stands out for research with high-quality content across a variety of formats, from IGTV videos available both on its platform and YouTube to market analysis articles from in-house staff.
- Education: IG is also our top broker for education thanks to its vast selection of content including courses, podcasts, videos, the dedicated IG Academy app, and IG Community. IG has retained its position as an early leader in this category, setting a benchmark for other brokers striving to close the gap, with Education remaining a central focus for new market entrants. In addition, experienced traders who want access to more advanced content can also benefit from more in-depth courses, such as those related to risk management.
| Company | Overall Rating | Minimum Deposit | Average Spread EUR/USD - Standard |
|---|---|---|---|
| | £250.00 | 0.98 info |
Regulated and trusted across the globe, IG offers traders the ultimate package – excellent forex trading platforms, research tools, industry-leading education, comprehensive market research, and an extensive list of tradeable products. This fantastic all-round experience has earned IG my top ranking across dozens of brokers for over seven years. Simply put, IG is the best overall forex broker for traders around the world in 2025.
- Trust: Founded in 1974, IG is publicly traded (LON: IGG) and regulated in eight Tier-1 jurisdictions, making it a Highly Trusted broker for forex and CFD trading. All jurisdictions considered, we ranked IG as the most trusted forex and CFD broker for our 2025 Annual Awards.
- Commissions: IG uses its size to provide consistent pricing for forex trades across the board — regardless of the product you trade — and shines for its active trader pricing available through its Forex Direct accounts.
- Forex trading platforms: While IG also offers MetaTrader and premium MT4 add-ons from FX Blue, only 76 tradeable instruments are available. There's no question; IG's flagship platform is the better choice between the two, and offers an extensive range of tradeable markets. One of my favorite aspects of IG’s web platform is how trading signals are integrated, along with the ability to trade from charts seamlessly.
- Research: IG also stands out for research with high-quality content across a variety of formats, from IGTV videos available both on its platform and YouTube to market analysis articles from in-house staff.
- Education: IG is also our top broker for education thanks to its vast selection of content including courses, podcasts, videos, the dedicated IG Academy app, and IG Community. IG has retained its position as an early leader in this category, setting a benchmark for other brokers striving to close the gap, with Education remaining a central focus for new market entrants. In addition, experienced traders who want access to more advanced content can also benefit from more in-depth courses, such as those related to risk management.
FAQs
A forex broker is a company that is licensed (or considered exempt) by a national regulator to grant you — as a retail or professional client — the ability to place forex trades (buy or sell foreign currencies), by way of an online trading platform or over the phone (known in the industry as voice broking). An online broker may offer you the underlying currency, or a non-deliverable spot contract or derivative such as a contract for difference (CFD) depending on any relevant country-specific regulatory restrictions. It’s important to only use brokers that are properly regulated to reduce your risk of falling victim to a forex scam.
Yes, to trade forex you’ll need to use a forex broker. You’ll need to open a forex account with an online broker and deposit funds (in the form of margin) to enable you to place orders with your broker.
The forex broker’s job is to execute your orders — either internally by acting as the principal to your trade (market maker execution) or by sending your orders to another market, thus acting as your agent (agency execution).
Your broker should be regulated and properly licensed in your country of residence (or in a major financial center). We’ve included a few important questions that are worth asking to help determine if your forex broker is trustworthy:
- Does the broker have adequate financial operating capital?
- How long has the broker been in operation?
- Does the online broker hold regulatory licenses in the countries where it operates, and is it in compliance with local laws?
Beginner forex traders might start trading forex with as little as $100, while it’s not uncommon for professional day traders to have six or even seven-figure trading accounts. The specific amount of money you’ll need for online forex trading will depend on multiple factors, such as your personal financial situation, your trading goals, and your tolerance (or appetite) for risk.
If you are a beginner, you’ll need to determine if online forex trading is suitable for you. Check out my guide to forex trading for beginners to learn more about the basics of forex trading and to find out what beginner tradres should be looking for in a broker.
The next step will be deciding on your trading budget. This is especially important given the risks involved in trading forex from a margin account with leverage. Forex brokers typically offer a range of contract sizes so you can fine-tune the size of your forex trade – which will determine how much risk you are taking for a given profit target.
A micro account with a low margin requirement would make it possible to place forex trades and test a trading strategy with as little as $100 of risk capital. In this case, your potential risk will be limited – but so will your potential rewards. Trading forex with a small amount of risk capital can let you test a new investment methodology, or allow beginner traders who are new to forex trading to learn by trial and error without “breaking the bank.”
Regardless of your trading budget, you’ll need to choose a dependable method for depositing and withdrawing funds for your forex account. PayPal has grown in popularity as a way to fund forex trading accounts, due to its extensive international presence and wide range of supported currencies.
Our testing
Beginner forex traders might start trading forex with as little as $100, while it’s not uncommon for professional day traders to have six or even seven-figure trading accounts. The specific amount of money you’ll need for online forex trading will depend on multiple factors, such as your personal financial situation, your trading goals, and your tolerance (or appetite) for risk.
If you are a beginner, you’ll need to determine if online forex trading is suitable for you. Check out my guide to forex trading for beginners to learn more about the basics of forex trading and to find out what beginner tradres should be looking for in a broker.
The next step will be deciding on your trading budget. This is especially important given the risks involved in trading forex from a margin account with leverage. Forex brokers typically offer a range of contract sizes so you can fine-tune the size of your forex trade – which will determine how much risk you are taking for a given profit target.
ability to place forex trades (buy or sell foreign currencies), by way of an online trading platform or over the phone (known in the industry as voice broking). An online broker may offer you the underlying currency, or a non-deliverable spot contract or derivative such as a contract for difference (CFD) depending on any relevant country-specific regulatory restrictions. It's important to only use brokers that are properly regulated to reduce your risk of falling victim to a forex scam.
Yes, to trade forex you'll need to use a forex broker. You'll need to open a forex account with an online broker and deposit funds (in the form of margin) to enable you to place orders with your broker.
The forex broker's job is to execute your orders — either internally by acting as the principal to your trade (market maker execution) or by sending your orders to another market, thus acting as your agent (agency execution).
Your broker should be regulated and properly licensed in your country of residence (or in a major financial center). We’ve included a few important questions that are worth asking to help determine if your forex broker is trustworthy:
- Does the broker have adequate financial operating capital?
- How long has the broker been in operation?
- Does the online broker hold regulatory licenses in the countries where it operates, and is it in compliance with local laws?
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The IBKR Advantage: Tight spreads as narrow as 1/10 PIP • 100+ currency pairs • Professional trading tools • Low commissions, from 0.08 to 0.20 bps, with no hidden spreads or markups • Rated 5/5 stars in the ForexBrokers.com 2023 Annual Review. As with all investments, your capital is at risk. Visit Site