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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.
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:
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
Cons
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
Cons
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
Cons
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.
| Company | Overall Rating | Minimum Deposit | Average Spread EUR/USD - Standard |
|---|---|---|---|
 |
£250.00 | 0.98 info |
| 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.
| 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.
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:
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.
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:
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
