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Yearly Review of Forex Brokers

2017 Forex
Broker Rankings

Steven Hatzakis

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2017 Forex Broker Rankings

In total, 5,239 data points were gathered to rate and rank twenty forex brokers. To determine an Overall winner, we weighted each category as follows:

  • Commissions & Fees (18%)
  • Offering of Investments (20%)
  • Platforms & Tools (20%)
  • Research (15%)
  • Customer Service (14%)
  • Mobile Trading (12%)
  • Education (1%)

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



BrokersCommissions & FeesOffering of InvestmentsPlatform & ToolsResearchCustomer ServiceMobile TradingEducationOverall Ranking
IG
Saxo Bank
CMC Markets
Dukascopy
Forex.com
Interactive Brokers
City Index
XTB
Swissquote
ADS Securities
FXCM
TD Ameritrade
eToro
FxPro
Markets.com
Pepperstone
OANDA
Admiral Markets
Plus500
FXOpen
Fellow Traders and Investors,

Today, I am honored to publish the inaugural ForexBrokers.com Forex Broker Review for 2017. 

It has been incredibly inspiring to lead research for this work, because as Financial Technology (FinTech) continues to evolve rapidly, it is no easy challenge to stay fully informed about all the products available from all forex brokers. Nevertheless, this is the standard we continually aim to maintain at ForexBrokers.com.

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. 

Over the past seven months, I have spent hundreds of hours collecting over 5,000 data points across 20 international forex brokers. The goal was simple: conduct rigorous testing and analysis to develop a clear perspective of the forex brokerage industry. It has been an insightful and rewarding journey I am delighted to share with you.

Following the investigative research approach used by our sister site, StockBrokers.com, for each broker, I examined 255 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 2017 and beyond.

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Steven Hatzakis
Steven Hatzakis Global Director of Research ForexBrokers.com

Best in Class

Our “Best in Class” awards highlight the top five forex brokers for eight categories. Each category winner is displayed below its respective section label. Click on a category name to view all five winners and read additional commentary.

Best in Class for
  • Commissions & Fees IG Group
  • Offering of Investments CMC Markets
  • Platform & Tools Saxo Bank
  • Research Saxo Bank
  • Customer Service Pepperstone
  • Mobile Trading TD Ameritrade FX
  • Education IG Group
#1Desktop Platform Dukascopy JForex3
#1Web Based Platform SaxoTraderGO
#1Smartphone App thinkorswim
#1MetaTrader Broker FxPro
#1Platform Technology thinkorswim
#1Trader Community Dukascopy
#1Social Trading eToro
#1Most Regulated IG
#1Most Currency Pairs CMC Markets
#1VIP Client Experience Saxo Bank
#1Banking Services Swissquote Bank
#1Phone Support XTB
#1Email Support Pepperstone
#1Live Chat Support eToro

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 2017 winners.

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