Yearly Review of Forex Brokers

2018 Forex
Broker Rankings

Steven Hatzakis

arrow_drop_down arrow_drop_up
Fellow Traders and Investors,

I am honored to present the second annual Forex Broker Review for 2018.  

Over the past seven months, I have spent hundreds of hours collecting over 6,000 data points across 43 international forex brokers. Compared to last year, we have more than doubled the number of brokers included from 20 to 43.

It is no easy challenge to stay fully informed about all the products available from forex brokers; competition is fierce and brokers are constantly rolling out updates. For example, 2017 witnessed the explosion of crypto popularity, and by year-end, cryptocurrencies were offered by 77% of the industry.  

The core of our mission statement is “empowering traders,” and we achieve this by providing the information you need to select a forex broker. This is the driving force behind what inspires me every day. 

I have been on both sides of the trading spectrum: as a trader (investing) as well as working at online forex brokerages (as a licensed representative). I have spoken with thousands of traders over nearly 20 years in the industry and understand the evolving challenges market participants face.

Following the investigative research approach used by our sister site,, for each forex broker, I examined 140 variables across seven key categories: Commissions & Fees, Platforms & Tools, Mobile Trading, Research, Customer Service, Education, and Offerings of Investments. This analysis enabled us to rate and rank each broker and make the results easy for you to quickly review and compare.  

To find the forex broker that best matches your needs, start with the “Best in Class” category list below, which provides an overview and ranking of recommended brokers based on aspects that matter to you most. Then, read a full-length review and compare features side by side using the comparison tool to finalize your broker selection.

May the right information empower your forex trading success in 2018 and beyond,


Steven Hatzakis
Steven Hatzakis Global Director of Research

Best in Class

Our “Best in Class” awards highlight the top seven forex brokers for seven primary categories and four additional categories. Each category winner is displayed below its respective section label.

View all Best in Class Winners
Best in Class for
  • Commissions & Fees CMC Markets
  • Offering of Investments IG Group
  • Platform & Tools Dukascopy
  • Research Saxo Bank
  • Customer Service TD Ameritrade FX
  • Mobile Trading Dukascopy
  • Education IG Group
  • Active Trading CMC Markets
  • Crypto Trading Swissquote
  • MT4 FxPro
  • Social Copy Trading eToro
#1Banking Services Swissquote Bank
#1Desktop Platform Dukascopy JForex3
#1Ease of Use Plus500
#1MetaTrader Broker FxPro
#1Most Currency Pairs CMC Markets
#1Most Trusted IG
#1Phone Support TD Ameritrade
#1Platform Technology TD Ameritrade thinkorswim
#1Professionals Interactive Brokers
#1Smartphone App Dukascopy SWFX Trader
#1Social Trading eToro
#1Trader Community Darwinex
#1VIP Client Experience Saxo Bank
#1Web Based Platform Saxo Bank SaxoTraderGO

Industry Awards

Each year forex brokers stand out for going "above and beyond" in the areas that matter most to clients. To recognize these FX brokers, we distribute industry awards. Here are the 2018 winners.

2018 Forex Broker Rankings

In total, 6,020 data points were gathered to rate and rank 43 forex brokers. To determine an Overall winner, we weighted each category as follows:

  • Commissions & Fees (20%)
  • Offering of Investments (20%)
  • Platforms & Tools (20%)
  • Research (15%)
  • Customer Service (8%)
  • Mobile Trading (10%)
  • Education (7%)

Click on any category name to filter results by that category.

arrow_drop_upBack to top