ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Best Brokers for Forex Day Trading of 2024

Steven Hatzakis

Written by Steven Hatzakis
Fact-checked by Joey Shadeck
Edited by Jeff Anberg

May 24, 2024

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

Forex day trading is a strategy in which traders open and close currency-trading positions within the same day. Day trading creates unique demands on forex traders and the brokers that carry out day trading strategies. Choosing the right broker for your strategy can be the difference between success and failure.

Over the past 25 years, I've day traded millions of dollars in volume across various asset classes, including forex, using both manual and algorithmic day trading strategies. In this guide, I'll explain some of the nuances of forex day trading and help you choose the best broker for your forex day trading strategy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% 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 Average Spread EUR/USD - Standard Minimum Deposit Overall Rating Visit Site
Interactive Brokers logoInteractive Brokers 0.63 info $0 5/5 Stars Visit Site
IG logoIG 0.98 info £250.00 5/5 Stars Visit Site
Saxo logoSaxo 1.1 info $0 5/5 Stars
CMC Markets logoCMC Markets 0.61 info $0 5/5 Stars
FOREX.com logoFOREX.com 1.4 info $100 5/5 Stars Visit Site
FXCM logoFXCM 0.74 info Starts from $50 4.5/5 Stars
Charles Schwab logoCharles Schwab 1.25 info $0 5/5 Stars

Best Brokers for forex day trading

  • Interactive Brokers
    - Extensive selection of trading tools and markets
  • IG
    - Integrated signals and trading from charts
  • Saxo - Powerful platform suite for desktop, web, and mobile
  • CMC Markets - Excellent pricing for active traders
  • FOREX.com
    - Versatile platform suite that includes MetaTrader
  • FXCM - Advanced platform features and tools
  • Charles Schwab - Sophisticated charting tools
Interactive Brokers
5/5 Stars 5.0 Overall

Extensive selection of trading tools and markets

Minimum Deposit$0
Trust Score99
Tradeable Symbols (Total)8500

Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. 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
Visit Site

Quotes as tight as 1/10 of a pip

(66% of retail CFD accounts lose money.)

IG
5/5 Stars 5.0 Overall

Integrated signals and trading from charts

Minimum Deposit£250.00
Trust Score99
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
Visit Site

Join 239,000+ traders worldwide.

(Trading forex carries a high level of risk)

Saxo
5/5 Stars 5.0 Overall

Powerful platform suite for desktop, web, and mobile

Minimum Deposit$0
Trust Score99
Tradeable Symbols (Total)70000

Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities. Read full review

Pros
  • Flagship platform is top of the line
  • Over 40,000 tradeable instruments
  • Excellent customer service
Cons
  • High minimum deposit
CMC Markets
5/5 Stars 5.0 Overall

Excellent pricing for active traders

Minimum Deposit$0
Trust Score99
Tradeable Symbols (Total)11925

CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments. Read full review

Pros
  • Low trading costs
  • Excellent web and mobile platforms
  • Robust research materials
Cons
  • Educational offering could be improved
FOREX.com
5/5 Stars 5.0 Overall

Versatile platform suite that includes MetaTrader

Minimum Deposit$100
Trust Score99
Tradeable Symbols (Total)5500

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
  • Multiple high-quality platforms
  • Excellent market research
  • Wide range of markets
Cons
  • Only about 600 instruments are available on the MT5 platform, compared to over 4,500 on non-MetaTrader platforms
Visit Site

Pay 0 commissions on equities *T&Cs apply

(69%-77.7% of retail CFD accounts lose money.)

FXCM
4.5/5 Stars 4.5 Overall

Advanced platform features and tools

Minimum DepositStarts from $50
Trust Score95
Tradeable Symbols (Total)440

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average. Read full review

Pros
  • Excellent platforms and tools
  • High-quality market research
Cons
  • Pricing is slightly higher than industry average
  • Narrow range of tradeable markets
Charles Schwab
5/5 Stars 5.0 Overall

Sophisticated charting tools

Minimum Deposit$0
Trust Score99
Tradeable Symbols (Total)40000

Charles Schwab is a highly trusted financial institution and multi-asset broker catering to U.S.-based and international forex traders. Schwab's award-winning thinkorswim platform offers over 70 tradeable currency pairs alongside impressive tools, research, and education. That said, the broker’s forex offering is still largely limited to what is available on thinkorswim. Read full review

Pros
  • Outstanding platform in thinkorswim
  • Thorough research offerings
  • Excellent educational materials
Cons
  • Does not offer copy trading
  • Forex pricing is slightly higher than industry average

Extensive selection of trading tools and markets - Interactive Brokers

Company Overall Rating Average Spread EUR/USD - Standard Commissions & Fees Active Trader or VIP Discounts Visit Site
Interactive Brokers logoInteractive Brokers 5/5 Stars 0.63 info 5/5 Stars Yes Visit Site

Interactive Brokers (IBKR) has long been a preferred choice for professionals and institutions - including day traders who trade for a living.

IBKR offers a vast selection of markets, tools, and customizations, including advanced order types, that are available within its platform across any device.

With its competitive commission rates and low average spreads, IBKR is a formidable broker in the forex market, or any other global market from within the same account, making it my number one choice in 2024 for day trading. For more information, take a look at my full Interactive Brokers review.

Integrated signals and trading from charts - IG

Company Overall Rating Average Spread EUR/USD - Standard Commissions & Fees Active Trader or VIP Discounts Visit Site
IG logoIG 5/5 Stars 0.98 info 5/5 Stars Yes Visit Site

IG is an excellent choice for forex day trading, not only because it is our highest ranking broker in 2024 across numerous categories, but because day traders in particular will benefit from the innovative tools available when they are trading from the chart.

The IG platform allows you to quickly modify orders (speed is crucial when day trading). Your orders display as a line directly within a chart, which can be easily clicked, dragged, and moved to change an order. While this feature is offered by most of the brokers in this guide, IG's implementation of this functionality is excellent. Additionally, IG's integrated trading signals work in tandem with trading from within the chart.

Whether you need to force open trades for hedging or use advanced orders, IG’s web-based platform, mobile app, and L2 Dealer platform for Forex Direct account holders are superb choices. The MetaTrader platform is also available, alongside an extensive selection of forex pairs, CFDs, and other instruments including options, derivatives, and even cryptocurrency CFDs. For a deeper dive into their offerings, check out my full IG review.

Powerful platform suite - Saxo

Company Overall Rating Average Spread EUR/USD - Standard Commissions & Fees Active Trader or VIP Discounts Visit Site
Saxo logoSaxo 5/5 Stars 1.1 info 5/5 Stars Yes

Part of the Saxo Bank Group, Saxo is a highly trusted and established market leader for financial services and a well-rounded multi-asset broker for day trading forex across a huge selection of currency pairs.

The SaxoTraderPRO (desktop) and SaxoTraderGO (web and mobile) platforms are among my favorites, especially for day trading, as you have practically everything you need to focus on order management and market analysis.

Saxo also reduced its minimum deposit, making it easier to get started if you are on a tighter trading budget. Saxo ranks highly across many categories, including its platforms and high-quality market research, making it a great choice for day trading in 2024. Take a look at my full Saxo review for more details.

Comparison of the best brokers for forex day trading

Check out a side-by-side comparison between brokers of the categories most relevant to day trading based on our independent testing:

Company Average Spread EUR/USD - Standard All-in Cost EUR/USD - Active Active Trader or VIP Discounts Execution: Agency Broker Execution: Market Maker Visit Site
Interactive Brokers logoInteractive Brokers 0.63 info 0.63 info Yes Yes No Visit Site
IG logoIG 0.98 info 0.82 info Yes Yes Yes Visit Site
Saxo logoSaxo 1.1 info 0.9 info Yes Yes Yes
CMC Markets logoCMC Markets 0.61 info 0.51 info Yes No Yes
FOREX.com logoFOREX.com 1.4 info 0.83 info Yes No Yes Visit Site
FXCM logoFXCM 0.74 info 0.74 info Yes Yes Yes
Charles Schwab logoCharles Schwab 1.25 info 1.25 info No Yes No

Note: Brokers listed in the above table rank best in class for Commissions & Fees.

How to choose the best forex broker for day trading

Choosing the right forex broker for day trading is one of the most important decisions you'll make for successful trading. It is a choice that will directly impact the ability to carry out your strategy and affect your trading conditions, including the account type, platforms, and available tools available to you.

First, the broker should be properly regulated and highly trusted to reduce your chances of dealing with a scam broker or one that could fail due to improper financial adequacy (i.e., they should be well capitalized). On each of our broker reviews, we provide a Trust Score to ensure you are well-informed about the broker’s regulatory status and financial background.

Second, a broker should offer the currency pairs you want to trade and provide fair trading conditions across their available account types. For example, a day trader should have full understanding of the type of order execution they will receive from their broker, such as knowing if they are a market maker or agency broker, and if its the best fit for their needs. Additionally, knowing whether a broker allows high-frequency trading, algo trading, or hedging can be essential for a day trader wishing to pursue a diverse range of strategies.

Finally, its trading platform suite should be conducive to your trading needs, including the available trading apps, tools and advanced order types that will best accommodate your strategy as a day trader. Many brokers offer sophisticated third-party trading platforms like MetaTrader, cTrader, or TradingView which can all be used for day trading depending on your preferences. Brokers who offer platforms that provide the detailed technical analysis necessary for these strategies, and allow you to execute them easily, take the lead for those seeking to day trade.

FAQs

What are the best forex day trading strategies?

The only limit to a possible day trading strategy is that it must, of course, be short-term and fast-paced, with trades closing the same day. Some of the best forex trading strategies for day trading include automated indicator-based strategies, where a trading signal is generated to buy or sell based entirely on the state of one (or many) market indicators. Other more subjective strategies may use technical analysis involving trendlines and drawing tools or measuring market patterns using formulas like Pivot Points, Fibonacci Retracements, and Elliot Waves.

While the technical studies, analysis drawings, or measurements may help in determining when to enter and exit the market, proper position sizing is more dependent on your own goals and should be adjusted to your specific profit targets and appetite or tolerance for risk. In all cases, your strategy must factor in the trade size which will determine the pip value and is relevant for your stop-loss or limit order levels, if entered, and the general risk/reward ratio.

For an in-depth exploration of how to develop your own day trading strategy for forex, take a look at my full guide on how to start forex day trading.

When is the best time to day trade forex?

The best time to day trade forex depends on several factors that may be unique to you and the state of the market around the time of your analysis, including the currency pairs you want to trade, the time zone you are located in, and the current market conditions for the underlying currencies.

For example, if you are planning to trade the EUR/USD within the next ten minutes but there is a major upcoming economic news event from the U.S. Federal Reserve, that could be the worst time to trade given the potential for market volatility and price gaps, including widening spreads (depending on the broker).

On the other hand, focusing on specific forex market hours can be helpful if you want to focus on pairs that are active during a particular trading session, such as during the overlap of the London and New York trading sessions. Check out my forex market hours guide for a deeper dive into this topic.

What is the best forex day trading platform for beginners?

IG is my top choice in 2024 for beginners to day trading thanks to its wealth of educational materials and streamlined web platform and mobile app. IG’s web trading platform in particular is handy for newer day traders due to its excellent balance of advanced features that are easily accessible, such as trading from the chart and managing orders with the drag-to-modify feature.

IG also offers a commission-based account, Forex Direct, tailored especially for active traders routinely executing large orders. This account type delivers even more competitive pricing that could be beneficial as your trading volumes grow and you progress into a more advanced day trader.

Are there any fees for day trading forex?

Yes, there are always costs related to forex trading. Even if you are in and out of the market quickly while day trading and exit your trades before the rollover at the end of each trading day, you will still cross the spread or bid/ask prices on each trade, in addition to any per-trade commissions.

For example, even if you have a commission-free account, when you place an order to buy currency, the asking price will always be higher than the bidding price if you were to sell again at that exact moment. In other words, once your order to buy is executed at the asking price, the trade is already at a loss for the amount of the spread, which must be overcome to either break even or turn a profit.

For these reasons, it’s crucial to factor your trading costs into your strategy, especially for more cost-sensitive trading strategies. This will be true over time even on a so-called zero spread account since on average, after many trades, costs will still add up despite paying close to zero spreads.

ForexBrokers.com 2024 Overall Rankings

Now that you've seen our picks for the best forex brokers for day trading, check out the ForexBrokers.com Overall Rankings. We've evaluated over 60 forex brokers, using a testing methodology that's based on 100+ data-driven variables and thousands of data points. Check out our full-length, in-depth forex broker reviews.

Company Overall Rating Offering of Investments Commissions & Fees Platform & Tools Research Education Mobile Trading Trust Score Visit Site
IG logoIG 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 99 Visit Site
Interactive Brokers logoInteractive Brokers 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 99 Visit Site
Saxo logoSaxo 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 4/5 Stars 5/5 Stars 99
CMC Markets logoCMC Markets 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 99
FOREX.com logoFOREX.com 5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 5/5 Stars 5/5 Stars 99 Visit Site
Charles Schwab logoCharles Schwab 5/5 Stars 5/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 5/5 Stars 99
City Index logoCity Index 5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 5/5 Stars 99
XTB logoXTB 5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 96
eToro logoeToro 4.5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 90
Swissquote logoSwissquote 4.5/5 Stars 5/5 Stars 3.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 4.5/5 Stars 99
Capital.com logoCapital.com 4.5/5 Stars 4.5/5 Stars 5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 87
AvaTrade logoAvaTrade 4.5/5 Stars 4/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 94
Plus500 logoPlus500 4.5/5 Stars 4.5/5 Stars 4.0/5 Stars 4.5/5 Stars 4.0/5 Stars 4.0/5 Stars 4.5/5 Stars 99
OANDA logoOANDA 4.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 5/5 Stars 4/5 Stars 4.5/5 Stars 93
FXCM logoFXCM 4.5/5 Stars 3.5/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars 4.5/5 Stars 95
Admirals logoAdmirals 4.5/5 Stars 4.5/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 93
Pepperstone logoPepperstone 4.5/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 95
XM Group logoXM Group 4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars 88
FP Markets logoFP Markets 4.5/5 Stars 4.5/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 87
FxPro logoFxPro 4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4.5/5 Stars 90
IC Markets logoIC Markets 4.5/5 Stars 4.5/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 84
Markets.com logoMarkets.com 4.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 96
Tickmill logoTickmill 4.5/5 Stars 3.5/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 86
FinecoBank logoFinecoBank 4.5/5 Stars 4.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 94
BlackBull Markets logoBlackBull Markets 4/5 Stars 5/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 78
Vantage logoVantage 4/5 Stars 3.5/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 90
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets) 4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 88
HFM logoHFM 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 86
ThinkMarkets logoThinkMarkets 4/5 Stars 4.5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 92
FlowBank logoFlowBank 4/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 58
DooPrime logoDooPrime 4/5 Stars 5/5 Stars 3/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 83
ActivTrades logoActivTrades 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 81
Trading 212 logoTrading 212 4/5 Stars 5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 79
BDSwiss logoBDSwiss 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 76
Trade Nation logoTrade Nation 4/5 Stars 3.5/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 85
TMGM logoTMGM 4/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 83
Moneta Markets logoMoneta Markets 4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 72
Eightcap logoEightcap 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 85
MultiBank logoMultiBank 4/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 84
ACY Securities logoACY Securities 4/5 Stars 4/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 75
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 4/5 Stars 5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 73
VT Markets logoVT Markets 4/5 Stars 3.5/5 Stars 4.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 70
easyMarkets logoeasyMarkets 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 80
IronFX logoIronFX 4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 83
Spreadex logoSpreadex 4/5 Stars 5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 71
IFC Markets logoIFC Markets 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 67
Trade360 logoTrade360 4/5 Stars 4/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 76
Octa logoOcta 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 70
Axi logoAxi 4/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 81
TeleTrade logoTeleTrade 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 71
iFOREX logoiFOREX 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 75
FXOpen logoFXOpen 3.5/5 Stars 3/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 80
FXPrimus logoFXPrimus 3.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3.5/5 Stars 4/5 Stars 71
Forex4you logoForex4you 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 4/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 61
GBE brokers logoGBE brokers 3.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 71
Alpari logoAlpari 3.5/5 Stars 3/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3.5/5 Stars 4/5 Stars 68
TopFX logoTopFX 3.5/5 Stars 3.5/5 Stars 4/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 67
Libertex (Forex Club) logoLibertex (Forex Club) 3.5/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3/5 Stars 3/5 Stars 4/5 Stars 73
LegacyFX logoLegacyFX 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 3.5/5 Stars 67
FXGT.com logoFXGT.com 3.5/5 Stars 3/5 Stars 3.5/5 Stars 3.5/5 Stars 3/5 Stars 3/5 Stars 3.5/5 Stars 69
ATFX logoATFX 3.5/5 Stars 3.5/5 Stars 3/5 Stars 3.5/5 Stars 3/5 Stars 4/5 Stars 3.5/5 Stars 73
Xtrade logoXtrade 3.5/5 Stars 3.5/5 Stars 2.5/5 Stars 3/5 Stars 3/5 Stars 3.5/5 Stars 3/5 Stars 80

Popular guides to forex trading tools and platforms

Popular Forex Guides

More Forex Guides

Popular Forex Broker Reviews

Methodology

At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Mobile testing is conducted on modern devices that run the most up-to-date operating systems available:

  • For Apple, we use MacBook Pro laptops running macOS 12.5, and the iPhone XS running iOS 15.
  • For Android, we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 12.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Click here to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg
Jeff Anberg

Jeff Anberg is a Staff Editor at ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.

close