menu

Best Forex Broker (FX Brokers)

Steven Hatzakis

Published by Steven Hatzakis


Tuesday, April 4th, 2017

IMPORTANT: For our 2017 Forex Broker Review we assessed, rated, and ranked 20 international forex brokers. Over seven months, we spent hundreds of hours collecting over 5,000 data points. Each FX broker was graded on 255 variables. Learn more.

Trading with the right forex broker is critical to success in the international currency markets. As a currency investor, you may have specific platform, tool, or research needs that should be met. Understanding your investment style can help determine which FX broker may serve as the best forex broker for you.

Our team here at ForexBrokers.com has assembled a quick guide to nine of the top online forex brokers. In each individual FX broker summary, we highlight where each broker stands overall and against its competitors.

This review will surface the most important features and/or benefits of selecting one forex broker over another, including discounted commissions, differences in trading account requirements, available research tools and trading platforms, as well as the quality of customer support.

Best FX Brokers for Forex Trading

Here's a breakdown of some of the best foreign exchange brokers available for online fx trading.

CMC Markets logo

CMC Markets - 4.5 Stars

Received 4.5 out of 5 stars overall in our 2017 Review, as well as 5 stars for Commission & Fees alongside Offering of Investments. Overall CMC Markets finished third out of 20 forex brokers and offers the largest selection of currency pairs.

Forex.com logo

Forex.com - 4.0 Stars

FOREX.com earned 4.5 stars across Platform & Tools, Research, Customer Service, and Mobile Trading. The fx broker brings a great selection of research and charting tools in its platforms and is licensed in several major regulatory hubs. Read more...

City Index logo

City Index - 4.0 Stars

City Index earned 5 stars in the offering of investments category where it ranked among the top five brokers in terms of product range with a large selection of CFDs available. City Index finished with 4 stars overall. The firm is regulated in several major regulatory jurisdictions globally as part of Gain Capital Holdings.

Swissquote logo

Swissquote - 4.0 Stars

Swissquote received 4.5 stars in several categories including offering of investments, research, and customer service – where it finished best in class (top 5) among 20 brokers. Swissquote’s Switzerland entity is one of the few forex brokers that can offer traders a Swiss bank account.

TD Ameritrade logo

TD Ameritrade - 4.0 Stars

Regulated by the NFA in the United States, TD Ameritrade’s offering was ranked #1 for Mobile Trading in our 2017 Review, finishing with 5 stars in the Mobile Trading category and #1 for Platform Technology. As one of the few remaining brokers left globally that accepts U.S. residents, the broker’s thinkorswim by TD Ameritrade platform offers 130 currency pairs and includes charting packed with 377 technical indicators. Read more...

eToro logo

eToro - 4.0 Stars

Was ranked #1 for Social Trading, top five in Social Copy Trading, and #1 for Live Chat Support. The new eToro platform brings a revamped design and impressive user experience including a new CopyFunds product offering for investors.

FXPro logo

FxPro - 4.0 Stars

Was the #1 MetaTrader fx broker in our 2017 Review and finished with 4 stars overall. Not only does FxPro offer both the MT4 and cTrader platforms for algorithmic traders, it also provides traders the choice of agency-execution or dealer execution across its forex account offerings.

Markets.com logo

Markets.com - 3.5 Stars

Markets.com received 4.5 stars in the platforms & tools category, and 4 stars in three other categories including mobile trading, customer service, and offering of investments (over 2000 tradeable products offered).

Pepperstone logo

Pepperstone - 3.5 Stars

Rated #1 (5 Stars) for both Customer Service and email support in our 2017 Review, Pepperstone provides a fantastic client experience and also placed Top 5 for Active Traders with its liquidity rebate program. The broker also was top five for Social Copy Trading and provides agency-only execution on MT4.

Choosing the Best Forex Brokerage

Here are some of the most important factors to keep in mind when choosing the best online forex brokerage for currency trading.

  • Regulation: Not all regulatory jurisdictions and licenses are created equal for international forex and CFD Brokers. Investors should know which country their broker is based in and which country’s laws apply to their account. To avoid fraud, it is critical to use a broker that is well-known and well-regulated. To quickly identify brokers you can trust, reference the Trust Score we provide on each broker’s review page.
  • Company Policies and History: As part of every investors due diligence process, steps to help ensure account security should include verifying a firm’s regulatory licenses and its legal obligations in safeguarding client monies. It's also important to review the customer agreements, read up on the company's history, and make sure their primary offices are located in a well-respected country, if not your own.
  • Range of Markets Offered: It’s always important to determine which markets or individual trading products (currency pair or stock symbol) you want to trade, then check to make sure they are offered. Also check to make sure the products you want to trade are available in your region. See section, “Best offering of Currency Pairs, CFDs” below.
  • FX Trading Tools & Platforms:  Which platforms and trading tools are available for the products you are considering? Are compatible with your web browser, computer operating system, or mobile smartphone, or any other devices you are planning to use for trading? See section, “Best Forex Trading Platform” below.
  • FX Analysis and Global Market Research: Available research tools for scanning, analyzing, and overall conducting technical and fundamental analysis will vary from broker to broker. See section, “FX Research” below.
  • Forex spreads, commissions, and overall trading costs: For forex trading, spreads and any round-turn commissions will make up the all-in cost to complete (open/close) each trade. The same generally applies to CFDs, in terms of bid/ask spreads plus any per trade commission. See section, “Lowest Trading Costs” below.
  • Order Execution: Available execution methods can depend on whether the broker is a principal dealer acting as a market-maker, and/or if they are an agency-only broker relying on third-party dealers (liquidity providers). Other execution methods, policies, conditions, or available order types can vary (including premium or free trade protection tools such as guaranteed stop-loss orders, fill-or-kill or fill with within a maximum deviation range) can vary from broker to broker.
  • Order Type and Execution: Some execution methods or order-types may incur negative or positive slippage. This means orders will fill but the fill price could be better or worse than requested. Since each broker is different, some firms may re-quote an order with a new price for you to accept (or reject) in the case the price has changed.
  • Customer Service: Customer service is important. The scope and quality of support can be a major differentiator across online FX brokerages, ranging from the speed and overall quality of assistance to the availability across global trading hours and international markets. See section, “Customer Service” below.
  • Education: Currency trading can be complex. Even seasoned investors are constantly learning to expand their breadth of currency markets. The disparity between currency brokers that provide thorough, high quality education, and those who do not is vast.  See section, “Education” below.

Lowest Trading Costs

  1. IG - 5 Stars
  2. CMC Markets - 5 Stars
  3. Dukascopy - 5 Stars
  4. Saxo Bank - 4.5 Stars
  5. Interactive Brokers - 4.0 Stars

Forex trading costs are not easy to break down. Reasons why trading costs can be impacted: bid/ask spreads can vary across venues (because forex is decentralized), forex spreads may be either fixed or variable (floating), and variable spreads may widen or narrow (vary) at different rates across brokers.

Furthermore, execution policies vary across firms in terms of how orders are handled (slippage/rejections), even when all else is equal. Brokers may be acting as market makers (dealers) to execute your trades and/or may be acting as agents for execution (relying on other dealers to execute). Forex spreads may include a round-turn commission.

While the all-in cost to trade can be critical for many traders, it is important to look at the whole picture in terms of how a broker’s overall offering could best suit your needs.

To assess brokers, we took into consideration how much beginners, average traders, and even more seasoned traders would pay, looking at average spreads for standard forex contracts (100,000 units) as well as mini accounts (10,000 units) and micro accounts (1,000 units), where applicable. We then calculated the all-in cost by including any round-turn commission that was added to prevailing spreads.

When the dust settled, IG came out as the best broker for commissions and fees, earning it first place among the 20 brokers we reviewed in 2017. With an average spread of just 0.7 pips on its EUR/USD pair for the period we reviewed, IG offered the most competitive all-in cost to trade. In addition, it doesn’t matter whether you have a small deposit, are a beginner, or even a more experienced trader – great all-around pricing is provided.

In second place was CMC Markets. Although CMC Markets spreads weren’t the lowest among the brokers we reviewed, the company offers competitive spreads that are the same for all clients. For example, while assessing commissions for our review, average spreads on the EUR/USD at CMC Markets were 0.8 pips, regardless of account type or trade size.  

Rounding out the top three on the podium in 2017 was Dukascopy Bank. Using the broker’s default commission tier of $7 per round-turn and low underlying average spreads of 0.22 pips on the EUR/USD during the assessment of commissions for our review, the all-in cost to trade started at 0.92 pips (0.22+ 0.7 commission) on Dukascopy’s brands. A highly competitive offering.

Following closely in fourth place was Saxo Bank, with its commission-based pricing, and in fifth place was Interactive Brokers, marginally ahead of FXCM’s Standard account offering.

While the all-in cost to trade can be critical for many traders, it is important to look at the whole picture in terms of how a broker’s overall offering could best suit your needs. Questions to ask include: What are average spreads for the account types offered? How will differences in margin requirements or execution affect my forex trading volumes and related trading costs? These are just some of the questions that can help traders consider key differences between offerings.

Best Forex Trading Platform

  1. Saxo Bank - 4.5 Stars
  2. Dukascopy - 4.5 Stars
  3. IG - 4.5 Stars
  4. CMC Markets - 4.5 Stars
  5. FXCM - 4.5 Stars

Forex trading platforms are the modern gateway to investing in international currency markets. Regardless of your trading style, the platform technology you use can affect nearly all aspects of your trading experience.  From accessing research to analyzing news events or performing technical analysis on charts, forex trading platforms share the common goal of helping you trade and discover trading opportunities, while managing your personal investments.

Over the past decade, forex trading platform technology has continued to evolve steadily across devices, with a shift from desktop to web and then to mobile. With ongoing enhancements to the user experience throughout the year, forex brokers compete for market share amid shifting regulations and the evolving needs of traders.

After testing 20 international forex brokers, it was clear that the best forex platforms managed to pack a slew of features and tools into a simplified user experience, while keeping the technology up to date with the latest supported standards.

After testing 20 international forex brokers, it was clear that the best forex platforms managed to pack a slew of features and tools into a simplified user experience, while keeping the technology up to date with the latest supported standards. All in all, these platforms provide customers a rich and pleasurable experience in all critical areas of forex trading. 

First place in the category Platforms & Tools goes to Saxo Bank for its innovative, web-based platform, SaxoTrader GO, which was fully responsive on mobile with syncing watch lists and charts. The mobile platform nearly matched the advanced features of its desktop-based platform counterpart, including research, charting, and third-party automated pattern-recognition tools. The firm’s platform suite is a winning trifecta wrapped in an ultra-modern interface that makes Saxo Bank a winner in 2017.

SaxoTrader Desktop Windows

Second place goes to Dukascopy Bank for its highly versatile and innovative JForex 3 desktop platform, which is compatible with Windows, Mac, and Linux operating systems. Charting in JForex 3 comes packed with 277 technical indicators, and the platform supports automated trading strategies, helping it compete with popular third-party software, such as the MetaTrader4 (MT4) platform and cTrader platform. The broker also offers a lighter web version of JForex 3, although it was not as impressive as the desktop version in terms of overall design and features.

Dukascopy JForex3 desktop windows platform

Third place goes to IG for its innovative web platform, which comes packed with versatile charting, automated pattern recognition tools, and its premium ProRealTime charts. For more advanced traders, IG’s L2 Dealer desktop-based platform provides an array of advanced features for experienced forex traders who need the extra tools usually found on desktop platforms.

IG web platform web

CMC Markets’ web-based platform followed closely in fourth place, thanks to its powerful charting and integrated tools. The broker discontinued its flagship Market Maker desktop platform for new clients in 2016, which excludes it from consideration. While there is no new replacement yet in sight, CMC Markets’ web-based platform stands on its own. Meanwhile, FXCM’s Trading Station platform helped round out the top five.

Overall, the best forex platform for you will depend on a myriad of factors. First, do you prefer a web-based environment or desktop download? Next, consider how important tools such as charting or automated trading are to you. Available order types and other unique tools and features are also items to keep in mind.

Fortunately, nearly every forex broker supports opening a demo account and testing out the experience in a simulated trading environment. Read our full-length reviews to learn more about these industry-leading brokers, compare them side by side, then open test accounts to finalize your selection.

Best Offering of Currency Pairs, CFDs

  1. CMC Markets - 5 Stars
  2. Saxo Bank - 5 Stars
  3. IG - 5 Stars
  4. City Index - 5 Stars
  5. Interactive Brokers - 4.5 Stars

Foreign exchange markets are open 24 hours a day, five days a week, which means investors can constantly scan international markets for opportunities to invest. Having access to multiple asset classes from within a single platform is important to many investors, as financial markets, including forex, are highly interconnected. The ability to react quickly to geopolitical and economic news events in real time is key.

In the early 2000s, a fine line used to exist: brokers were most often concentrated on offering just one asset, for example forex, to their customers. However, today trading platforms are no longer just for trading forex, stocks, or futures; instead, multi-asset offerings are now industry standards among all the largest online brokers. That said, the range of products and markets you can trade still varies considerably across firms.

During our review of 20 international forex brokers for 2017, we ranked firms by the largest offering. Brokers having the widest range of available investment offerings to trade across global markets –  currency pairs, CFDs, and other instruments – are featured below.

All in all, CMC Markets is the top choice when it comes to having the largest offering of investments, including currency pairs, CFDs, options, and other instruments within its platform, giving international traders a comprehensive multi-asset solution, including access to forex with nearly every pair available.

First place goes to CMC Markets, which not only offers the largest number of currency pairs, (183), but also quotes prices both ways for each pair (i.e., EUR/USD or USD/EUR). CMC Markets offers 10,172 CFDs across all major asset classes, such as energy, metals, commodities, indices, fixed-income markets (treasuries or bonds), and single-stock shares across international stock exchanges.

Saxo Bank earned second place with 9,000 CFDs available and 145 currency pairs, including forex options trading supported on key major pairs and crosses. Saxo Bank’s offering of wealth advisory solutions to investors further entrenches its position.

In third place is IG, which makes 7,500 CFDs available for customers, including 91 currency pairs and even five bitcoin-related pairs. The company’s offering of a share-trading account for global stock markets helped further cement its spot among the top three firms (for more information about IG’s share-dealing offering, read our IG Group UK share dealing review on our sister site, StockBrokers.com).

Other standouts outside the top three include City Index, Interactive Brokers, and Swissquote. In fourth place, City Index offers just 66 currency pairs and an unclear range of CFDs (we were unable to confirm the exact number of CFDs offered, as anywhere from 7,000 to 10,000 are listed on its website). Interactive Brokers took fifth place with 4,217 CFDs available and 85 forex pairs. Meanwhile, Swissquote offers an extensive number of products on its exchange-traded offering from Swissquote Bank, yet these are segmented away from its core offering of 78 forex pairs and 51 CFDs.

All in all, CMC Markets is the top choice when it comes to having the largest offering of investments, including currency pairs, CFDs, options, and other instruments within its platform, giving international traders a comprehensive multi-asset solution, including access to forex with nearly every pair available.

FX Research

  1. Saxo Bank - 5.0 Stars
  2. IG - 4.5 Stars
  3. Dukascopy - 4.5 Stars
  4. Forex.com - 4.5 Stars
  5. CMC Markets - 4.5 Stars

Almost every forex broker aims to provide its clients with research content and tools to find and analyze investment opportunities. At the same time, we are living in the digital information age where traders can get lost in the sea of forex news headlines, making it hard to get the information they need unless brokers provide the right structure for forex research.

Beyond news headlines and an economic calendar, leading forex brokers usually integrate in-house research for fundamental news and technical analysis, then couple it with outsourced research content. Firms that take it a step further may even create their own TV channel, for example, to stream video updates instead of providing basic daily or weekly video updates.

Furthermore, daily or weekly market recaps, live trading rooms, and integrated pattern- recognition tools for news events and charts, as well as screeners, heat maps, and sentiment indicators are increasingly integrated as research tools available within trading platforms.

Saxo Bank deserves its top spot for research in 2017, as it delivers on all fronts for forex research from both its website and within its trading platforms.

For conducting forex research in 2017, Saxo Bank is the best. While many brokers struggle to organize research for their customers, Saxo Bank does a fantastic job centralizing the research it provides on its trading platforms. Saxo Bank also goes above and beyond, providing Trading Floor, which is its research-focused site that incorporates a social network where traders share commentary about markets.

SaxoTraderGO web research detail

IG takes second place for research, with a broad range of tools available within its web platform. The broker also offers its own streaming video, IG TV, along with a huge array of daily blog updates and detailed posts from a team of global analysts. IG only slipped to second place as its research is not entirely centralized, and many features will open in a new browser tab, for example, making its offering not quite as clean as Saxo Bank. Organizational drawback aside, its acquisition of DailyFx for $40m in 2016 from FXCM is a nice plus, and should enhance IG’s research capabilities long term.

IG research web

In third place is Dukascopy, which incorporates an extensive amount of research-related content within its website and trading platforms, along with a fully staffed professional TV studio that powers Dukascopy TV. To round out its offering, Dukascopy provides many social elements within its community to engage traders with important market content and related analysis tools.

Dukascopy TV Research

Rounding out the top five finishers for research, Forex.com and CMC Markets finished fourth and fifth, respectively, with both firms offering similar research content and tools integrated into their forex trading platforms.

Saxo Bank deserves its top spot for research in 2017, as it delivers on all fronts for forex research from both its website and within its trading platforms.

Mobile Trading

  1. TD Ameritrade - 5 Stars
  2. Saxo Bank - 5 Stars
  3. Dukascopy - 4.5 Stars
  4. CMC Markets - 4.5 Stars
  5. FXCM - 4.5 Stars

The global use of mobile devices to access online services, ranging from email to social network sites such as Facebook, Twitter, and LinkedIn, has continued to grow exponentially in recent years.

This trend has accelerated as smartphones get faster processors, more RAM, and larger hard drives capable of running powerful applications and web software. As a result of these innovations, mobile app usage is helping drive the shift to mobile across many industries, including finance, while the transition to mobile continues.

Adding to the momentum of this trend are innovations from financial technology (FinTech) in terms of integrated payments and banking apps through which consumers perform many related financial transactions from their mobile devices. As a result, mobile apps for investing and trading are part of this same arms race, and the growth in mobile is just as real as it is for trading platforms on desktop and web, with many forex brokers ranking neck and neck in terms of mobile app innovation.

While nearly all forex brokers have offered mobile apps for years, the competition continues to increase as clients demand many of the same features in mobile that are normally found on desktop and web platforms.  

To identify the best forex brokers for mobile trading in 2017 we focused on identifying mobile experiences that were bug free, cleanly designed, and provided a wide range of features.

To identify the best forex brokers for mobile trading in 2017 we focused on identifying mobile experiences that were bug free, cleanly designed, and provided a wide range of features.

First place goes to TD Ameritrade for its impressive mobile app, which packed multiple innovations, including advanced order visualizations, powerful charting, and syncing watchlists enabled by default for forex traders. Whether you are logging in with your fingerprint (on compatible devices) or exploring a comprehensive array of customizations, the thinkorswim mobile app experience is cleanly designed and impresses throughout.

thinkorswim mobile advanced order type

Saxo Bank took second place, as its SaxoTrader GO mobile app is highly responsive with its web-based counterpart helping to provide many of the same features to forex traders using the mobile app. Like thinkorswim, syncing watchlists and charts are also enabled by default. The app is rich in features, yet keeps a clean and user-friendly interface wrapped in a modern design.

SaxoTraderGo chart mobile Android

Dukascopy Bank’s SWFX Trader mobile app took third place as the best forex mobile trading app for 2017, thanks to extensive research and integrated pattern recognition tools packed into a user-friendly layout that includes advanced order types. Charting came loaded with technical indicators, and despite the lack of drawing tools, the app’s overall positives outweighed this minor drawback.

Dukascopy SWFX mobile app level 2 forex quotes

CMC Markets took fourth place as its mobile app offers unique features such as the ability to subscribe to future news events; charting also comes packed with technical indicators and drawing tools. FXCM’s mobile app came in fifth place with a clean user interface and powerful charting, and despite its lack of synced watchlists, the app is very nice.

All in all, the best forex trading mobile apps will not only provide an alternative for traders to access their accounts but will inevitably become a replacement for web and desktop platforms, making it easier for traders to do what they need, whenever they need to do it.

Customer Service

  1. Pepperstone - 5 Stars
  2. IG - 5 Stars
  3. XTB - 5 Stars
  4. eToro - 5 Stars
  5. Swissquote - 4.5 Stars

When using a forex broker, a single customer service experience is not enough to assess the all-round quality and scope of service. Instead, multiple phone calls, emails, and live chat interactions should be conducted to determine an overall rating of customer service.  

Here at ForexBrokers.com, we follow the rigorous testing approach used by our sister site, StockBrokers.com, the most respected in the industry when it comes to trusted US stockbroker reviews.

During our assessment of 20 international forex brokers, phone support was weighted the heaviest, followed by email and live chat. In cases where a forex broker didn’t offer live chat, the weighting on phone and email increased proportionally (and vice versa for brokers that do not provide phone support but offer live chat and email).

XTB ranked highest for phone support with an incremental lead over Swissquote and Pepperstone, followed by CMC Markets and eToro.

Among the top five, Pepperstone took first place, followed very closely by XTB, IG, eToro, and Swissquote. In fact, the top five finishers ranked so closely that even one additional excellent customer service experience could have changed the overall ranking of a broker. This shows just how tight the competition is among top-rated forex brokers in providing quality customer service. Without a doubt, competition is great for customers.

XTB ranked highest for phone support with an incremental lead over Swissquote and Pepperstone, followed by CMC Markets and eToro. Reps answered all calls within one minute for all five firms (compared to 55% of all phone tests, where it took longer than one minute to reach a representative). Similarly, in live chat testing, eToro ranked first, with Pepperstone, Forex.com, FXPro, and Plus 500 coming in second through fifth, respectively.

Pepperstone finished in first place overall, thanks to its outstanding and consistent customer support via phone, email, and live-chat, which is provided 24 hours a day during the trading week. Pepperstone staff always demonstrated highly professional support, while maintaining an upbeat attitude to help resolve customer service inquiries quickly.

In second place, was XTB, whose staff was highly attentive, and balanced the quality and scope of its 24-hour customer service across live chat, phone, and email to provide a rich customer experience.

eToro placed right behind XTB, providing its customers robust and efficient live chat, as well as well-rounded email and phone support (and extras such as its customer service wall). Staff were enthusiastic, resourceful, and attentive, and helped to create a positive overall customer experience.

IG followed in fourth place with great quality of service across its 24-hour live chat, phone, and email support. IG staff often provided detailed explanations, accompanying links, and/or helpful information related to the inquiry (educational tidbits), attributes shared by all the best-in-class finishers.

Rounding off the top five brokers, Swissquote delivered a high level of quality service, with live chat operations available during local business hours and staff who were attentive and resourceful on phone and email. These qualities helped the broker gain the edge over its peers.

Education

  1. IG - 4.5 Stars
  2. Forex.com - 4.5 Stars
  3. FXCM - 4.5 Stars
  4. Admiral Markets - 4.5 Stars
  5. Saxo Bank - 4.5 Stars

Providing forex traders with effective educational resources is critical. Put simply, educated investors make more intelligent investment decisions. Most forex brokers consistently strive to educate their existing and prospective clients. That said, the delivery and quality of educational content varies.

Our focus was on forex education and understanding the overall forex market, from the basics to advanced strategy.

For our assessment of forex broker education, we analyzed 20 different variables for each firm. Our focus was on forex education and understanding the overall forex market, from the basics of forex trading to advanced strategy. The variables assessed included blogs, articles, video content, seminars, webinars, and content organization, among others. Forex broker platform tutorials and FAQs were not considered educational material.  

IG took first place this year with a comprehensive range of educational materials for forex, with a video accompanying nearly every article. The broker even offers its own educational mobile app. Furthermore, IG holds in-person seminars to cover areas such as advanced technical analysis, and for its online webinars archived recordings are readily available.

IG Education

FOREX.com took second place, thanks to its newly enhanced education center (available on its US brand), which provides educational content grouped by experience level as well as five different educational themes: trading concepts, risk management, trading strategies, and technical and fundamental analysis. Meanwhile, on its UK brand, FOREX.com provides interactive, self-paced forex courses together with a variety of educational videos on its YouTube channel.

FOREX.com education

FXCM followed in third place with a great balance between weekly and monthly recurrent webinar themes covering traits of successful traders and the use of Fibonacci tools, among other subjects. FXCM also provides several beginner videos about forex transaction basics, including what a pip is and what fractional pips are. The firm also offers eBook-style trading guides and its FXCM University, which includes courses organized by experience level, starting with a “freshman year” for beginners to learn forex, and more advanced subjects for its “senior year” level.

Admiral Markets followed in fourth place with an extensive list of detailed articles, many of which include accompanying video content (from the company’s YouTube channel). Admiral Markets also offers the resources of its online Zero-To-Hero academy, a series of educational courses delivered over 21 days. 

Saxo Bank took fifth place with its broad range of education-related materials, which are grouped by experience level and cover multiple asset classes including spot forex and forex options under the company’s Saxo Academy offering.

It is worth mentioning that many of the brokers ranked well for forex financial market education, with only minor differences compared to the top five. This was a positive finding as it shows firms are competing closely to deliver traders diverse and high-quality educational materials.

Best Forex Brokers Summary


Broker Total Forex Pairs Total CFDs Overall Rating
CMC Markets 183 10,172 4.5 Stars
Forex.com 50 28 4.0 Stars
City Index 66 10,000 4.0 Stars
Swissquote 78 51 4.0 Stars
TD Ameritrade 130 0 4.0 Stars
eToro 47 637 4.0 Stars
FxPro 69 212 4.0 Stars
Markets.com 55 2002 3.5 Stars
Pepperstone 59 30 3.5 Stars

Related Articles

Explore our other online trading guides:

References

Continue Reading


Trading CFDs and FX involves a high degree of risk. All data was obtained from a published web site as of 4/05/2017 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.