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Forex Brokers

Forex trading is a global phenomenon, attracting millions of traders and investors worldwide. A Forex broker serves as a crucial intermediary between you and the vast foreign exchange market. But what is a Forex broker, and how can you select the best one for your trading needs? This comprehensive guide will provide you with a detailed understanding of Forex brokers and present a list of criteria that will help you make an informed decision.

What is a Forex Broker?

A Forex broker is a licensed company or individual that connects traders to the foreign exchange market, enabling them to buy and sell currencies. These brokers provide access to trading platforms, tools, and resources to facilitate smooth and efficient trading experiences. They earn their income through spreads or commissions on trades executed by their clients.

Criteria to Choose the Best Forex Broker:

  1. Regulation and Licensing: Ensure that the broker is regulated and licensed by reputable financial authorities, such as the FCA, ASIC, or CySEC. This ensures credibility, security, and adherence to industry standards.
  2. Trading Platform and Tools: Evaluate the broker's trading platform for ease of use, reliability, and compatibility with your devices. Also, check for advanced trading tools, charts, and indicators that can improve your trading experience.
  3. Spreads and Commissions: Compare brokers' spreads (the difference between the buying and selling price) and commissions to identify the most cost-effective option.
  4. Account Types and Minimum Deposit: Choose a broker that offers multiple account types catering to different levels of experience and trading styles. Also, consider the minimum deposit requirement to ensure it suits your budget.
  5. Customer Support: Opt for a broker with responsive and knowledgeable customer support, available through multiple channels like live chat, email, and phone.
  6. Leverage and Margin Requirements: Examine the leverage offered by the broker, which allows you to trade with more money than you have in your account. However, be cautious, as high leverage can also lead to significant losses. Check the broker's margin requirements as well.
  7. Deposit and Withdrawal Options: Assess the broker's available deposit and withdrawal methods, ensuring they are convenient, secure, and low-cost.
  8. Educational Resources: Prioritize brokers that provide educational materials, such as articles, webinars, and video tutorials, to help you develop your trading knowledge and skills.
  9. Research and Analysis: Select a broker that offers research materials, market analysis, and real-time news updates to keep you informed about market movements and trends.
  10. Demo Account: A demo account is essential for testing the broker's platform, tools, and services before committing real money. Choose a broker that provides a free and user-friendly demo account.

In conclusion, understanding the role of a Forex broker and using the above criteria as a guideline will help you make an informed decision in choosing the best broker for your trading journey. Remember that partnering with the right Forex broker can significantly impact your trading success, so take your time and select wisely.

Broker Rebate Rate Details General Information
FxPro
Rebates: $5.2 per lot Regulation: CySEC
Min deposit: $100
Min trade size: 0.01 lot
Spread: from 0.5 pip
Foundation: 2006

Today, there are 4 companies operating in the FxPro group of companies, each of which is regulated by a corresponding local financial institution. Namely, FxPro UK Limited is authorized…

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FBS
Rebates: $28 per lot Regulation: IFSC
Min deposit: $1
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2009

One of the main advantages of FBS is the wide range of trading instruments available to its clients. The broker offers over 40 currency pairs, as well as CFDs on stocks, indices, commodities, and cryptocurrencies.…

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XM
Rebates: $7 per lot Regulation: CySEC
Min deposit: no minimum
Min trade size: 0.01 lot
Spread: from 0.5 pip
Foundation: 2009

XM broker has built a professional team of 450 specialists, who guarantee a qualified custom support in 30 languages.

With XM broker you can invest in over 1000 financial instruments from a variety of…

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Tickmill
Rebates: $7 per lot Regulation: FSA SC, FCA UK,CySEC
Min deposit: $100
Min trade size: 0.01 lot
Spread: from 0.2 pip
Foundation: 2014

Trading with Tickmill provides traders with access to a range of trading instruments, including forex, commodities, indices, and shares, through the popular trading platforms MetaTrader 4 and MetaTrader 5.…

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Exness
Rebates: $3.75 per lot Regulation: CySEC
Min deposit: 0 USD
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2008

Exness is committed to providing a safe and secure trading environment for its clients. The company uses advanced security measures, including SSL encryption technology and segregated client accounts, to protect…

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Doo Prime
Rebates: $5.2 per lot Regulation: CySEC
Min deposit: $100
Min trade size: 0.01 lot
Spread: from 0.5 pip
Foundation: 2006

Framed by the robust framework of Doo Financial, Doo Clearing, and Doo Prime, Doo's brokerage services are poised to redefine financial landscapes. The Group's expansive operations are…

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IC Markets
Rebates: $3 per lot Regulation: ASIC
Min deposit: $100
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2010

Operating as an ECN broker, IC Markets offers traders direct access to liquidity providers, ensuring a more transparent and efficient trading environment.

With a commitment to offering state-of-the-art…

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HFM / HotForex
Rebates: $5.6 per lot Regulation: CySEC
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2009

The latter is achieved through, firstly, supply and constant extension of the product range, secondly, provision with the state-of-the- art trading software, thirdly, equipment with a…

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RoboForex
Rebates: $4.3 per lot Regulation: CySEC
Min deposit: no
Min trade size: 0.01 lot
Spread: from 0 pips
Foundation: 2009

Over the years, the company has earned a worthy assessment from customers and the professional community. At the moment, more than 730,000 people have opened accounts with Roboforex. More than 20 awards and…

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InstaForex
Rebates: $15 per lot Regulation:
Min deposit: 1 USD
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2007

Regulated by the British Virgin Islands Financial Services Commission (BVI FSC), InstaForex adheres to strict international standards. The regulation by BVI FSC ensures a secure and fair trading environment, safeguarding the interests of the traders…

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Admirals
Rebates: $3.5 per lot Regulation: CySEC
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2001

The broker provides access to highly functional software to guarantee its clients the best and transparent trading experience. The traders have over 8000 trading and investing instruments, including CFD’s on currency…

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Markets4you (ex. Forex4you)
Rebates: $18.6 per lot Regulation:
Min deposit: $1
Min trade size: 0.01 lot
Spread: from 0 pips
Foundation: 2007

The scope of activity of the Company is providing foreign exchange brokerage services on the Internet using electronic payment systems.

The Company is authorized and regulated by the FSC under the Securities…

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AMarkets
Rebates: $11.2 per lot Regulation: FSA SV&G
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2007

AMarkets believes that accurate trading decisions of a trader are the only guarantee of the profitability of his trades. And the broker's mission is to provide its clients with the most convenient trading environment…

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LMFX
Rebates: $28 per lot Regulation: IFSC
Min deposit: $1
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2009

With its deep commitment to creating an exceptional trading experience for its clients, LMFX stands as a leading player in the dynamic Forex trading landscape.

LMFX operates in accordance with international…

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Olymp Trade
Rebates: $9.7 per lot Regulation:
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.0 pips
Foundation: 2014

Olymp Trade is an established online broker trailblazing the industry since 2014. The main goal of the company is to make trading simple, affordable and more profitable for its traders. Olymp Trade offers access to different markets: Metals, Stocks,…

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MarketsVox
Rebates: $7 per lot Regulation: IFSC
Min deposit: $100
Min trade size: 0.01 lot
Spread: from 0.0 pips
Foundation: 2007

MarketsVox, nestled in the heart of the City of London, emerges as a pioneering platform crafted by traders, for traders. This esteemed organization embarks on a mission to democratize access to the elite information and training resources once exclusive…

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Axiory
Rebates: $7 per lot Regulation: IFSC
Min deposit: $100
Min trade size: 0.01 lot
Spread: from 0.0 pips
Foundation: 2007

At the heart of Axiory's offerings are its highly regulated trading platforms, MetaTrader 4, MetaTrader 5 and cTrader, known for their powerful features, customizable options, and user-friendly interfaces. These platforms ensure a seamless trading…

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TeleTrade
Rebates: 40% of spread Regulation: CySEC
Min deposit: $1
Min trade size: 0.01 lot
Spread: from 0.2 pip
Foundation: 1994

TeleTrade is the global trademark and the international private financial group. TeleTrade focuses on offerring access to financial derivaties trading to its clients all over the world. The company has representative…

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Eightcap
Rebates: $3.6 per lot Regulation:
Min deposit: no minimum
Min trade size: 0.01 lot
Spread: from 0.5 pip
Foundation: 2009

Eightcap offers two account types that aim to meet its users’ trading needs and goals: the Standard Account and the Raw Account. The Standard Account offers spreads from 1.0 pips with zero commission applied, and…

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NAGA
Rebates: - Regulation:
Min deposit:
Min trade size:
Spread:
Foundation:

At NAGA they remain committed to the fundamental principles of regulation and they are consistent with transparency at all levels of the business operations. They strongly invest in technology and their business model is based on all of their clients…

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FIBO Group
Rebates: $8 per lot Regulation: CySEC
Min deposit: 0 cents
Min trade size: 0.01 lot
Spread: from 0.6 pip
Foundation: 1998

Customers and partners of FIBO can be assured that all services, provided by any of the companies within the holding FIBO Group, meet the highest international standards and are under the control of national regulators.

FIBO…

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FP Markets
Rebates: $3.5 per lot Regulation: CySEC
Min deposit: $100
Min trade size: 0.01 lot
Spread: from 0.0 pip
Foundation: 2005

FP Markets is a trusted global CFD and Forex broker. The vision was to create the ultimate forex trading destination where traders could access a full suite of trading products in the global markets. The convenience of being able to trade CFDs across…

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NPBFX
Rebates: $4.2 per lot Regulation:
Min deposit: $100
Min trade size: 0.1 лота
Spread: от 0.6 пункта
Foundation: 1992

Imbued with top-notch technologies suitable for both beginners and professional traders, NPBFX platforms help in executing trading strategies with utmost precision.

Being registered with the Financial Services Authority (FSA), NPBFX Forex Broker…

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MTrading
Rebates: $4.9 per lot Regulation:
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2014

Recognized for its vast range of trading instruments, competitive spreads, and sophisticated platforms, MTrading has established a strong presence in the financial market worldwide.

As a well-regulated broker, MTrading adheres to the strict…

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CDO Markets
Rebates: 0.28 pip per lot Regulation:
Min deposit: $100
Min trade size: 0.01 lot
Spread: from 0.8 pip
Foundation: 2018

CDO Markets was launched with a vision to provide outstanding liquidity conditions and platforms in the international financial markets. The company aims to to bring a new kind of trading environment for traders. Their mission is to commit stable liquidity…

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CDG Global
Rebates: $5.2 per lot Regulation: CySEC
Min deposit: $100
Min trade size: 0.01 lot
Spread: from 0.5 pip
Foundation: 2006

CDG Global is incorporated in Saint Vincent and the Grenadines and has been authorized to provide Investment services from multiple Regulators including ASIC and LFSA. Investment Advising,…

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Pepperstone
Rebates: $3.6 per lot Regulation:
Min deposit: no minimum
Min trade size: 0.01 lot
Spread: from 0.5 pip
Foundation: 2009

Pepperstone is an execution only Forex trading company providing trading solutions which cater both for veteran traders and newbies. Pepperstone assists retail customers in using Forex as an asset class and part…

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ActivTrades
Rebates: of spread Regulation:
Min deposit: $
Min trade size: 0.01 lot
Spread: from 0.5 pips
Foundation: 2001

Founded in 2001 as a pioneer in online trading ActivTrades has become an award-winning global organisation. Initially specialising in Forex they gradually expanded the range of products and currently their customers can choose from over 1000 CFD or…

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NordFX
Rebates: $7 per lot Regulation: CySEC
Min deposit: $5
Min trade size: 0.01 lot
Spread: from 0 pip
Foundation: 2008

With an experience spanning across more than a decade, the company has been victorious in securing a significant position in the forex market and has set a strong foothold in over 100 countries worldwide, serving an extensive clientele base of over…

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FXTM
Rebates: $6.1 per lot Regulation: CySEC
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2012

As one of the successful brands operating within Exinity Group, they are specialists in leveraged trading, giving you the potential to generate financial returns on both rising and falling prices across FX, indices,…

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FXOpen AU
Rebates: 15% of commission Regulation:
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2005
FXOpen AU Pty Ltd. is an ASIC regulated Forex broker, whose prime target is to provide clients with first-class trading conditions, perfect liquidity, cutting-edge technologies and quality customer support. To facilitate clients’ way to success FXOpen…
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Orbex
Rebates: $5.6 per lot Regulation: CySEC
Min deposit: $500
Min trade size: 0.01 lot
Spread: from 0.6 pip
Foundation: 2010

Committed to providing traders with an optimal trading environment, Orbex has carved a strong presence in the global financial market.

Regulated by the Cyprus Securities and Exchange Commission (CySEC), Orbex offers a safe, secure, and transparent…

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FXCC
Rebates: $5.8 per lot Regulation: CySEC
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2010

Mission

FXCC aims to offer the most client-focused services in the industry. Their dedication to client success shines through by offering competitive rates and the most transparent order processes in…

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Swissquote
Rebates: $3.5 per lot Regulation:
Min deposit: $2000
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2003

MIG BANK, formerly known as MIG INVESTMENTS, was constituted in Neuchatel, Switzerland as an on-line Forex broker. Since its establishment in 2003 MIG BANK focuses on on-line Forex trading and keeps its position as a chief Forex and CFDs broker for…

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Axi
Rebates: $3.5 per lot Regulation: FCA UK
Min deposit: $200
Min trade size: 0.01 lot
Spread: from 0.2 pip
Foundation: 2007

With a strong commitment to providing superior trading solutions, Axi ensures a seamless trading experience through its state-of-the-art technology. The platform is powered by advanced trading tools and software,…

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LiteForex
Rebates: 0.9 pip per lot Regulation: CySEC
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2005

As part of its array of comprehensive offerings, LiteFinance aims to deliver an optimal trading environment, standing as a key player in the financial trading arena.

Adhering to stringent international regulatory standards, LiteFinance ensures…

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TMGM
Rebates: $7 per lot Regulation: ASIC
Min deposit: $500
Min trade size: 0.01 lot
Spread:
Foundation: 2013

Since the beginning, TMGM runs a highly professional and independent technical team that allows optimal devotion and efficiency, therefore is able to provide safer and more helpful technical developments. Participation…

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B.I.C. Markets
Rebates: - Regulation:
Min deposit:
Min trade size:
Spread:
Foundation:

B.I.C. Markets is an award winning Derivative Broker offering clients access to Forex, Metals and commodities via MT 4. The trading services and facilities are open to both retail and institutional clients. The company’s policy is to provide the best…

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ForexChief
Rebates: $0.4 per lot Regulation:
Min deposit: $50
Min trade size:
Spread:
Foundation: 2014

ForexChief Ltd is licensed by the Vanuatu Financial Services Commission as a Dealer in Securities. The basic concept of the project is creation of a unique platform for online trading in currency contracts and precious metals on conditions of Margin…

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4XC
Rebates: per lot Regulation:
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.1 pips
Foundation: 2016

Offering access to a wide range of financial markets including forex, commodities, indices, and cryptocurrencies, 4XC caters to both seasoned traders and those new to the trading scene, providing an environment…

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Blackwell Global
Rebates: $7 per lot Regulation: CySEC
Min deposit:
Min trade size:
Spread:
Foundation: 2010

Founded in 2010, Blackwell Global was established to offer brokerage solutions for private and institutional clients, along with other investment products. Blackwell Global is a Straight Through Processing (STP) brokerage, providing superior liquidity…

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FirewoodFX
Rebates: $7 per lot Regulation:
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 1.0 pip
Foundation: 2015

Rooted in a commitment to providing high-quality trading services, FirewoodFX offers a secure, transparent, and client-centric trading environment. The company's vision revolves around making Forex trading accessible to all, by blending advanced technology…

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TrioMarkets
Rebates: $2.8 per lot Regulation: CySEC
Min deposit: no minimum
Min trade size: 0.01 lot
Spread: from 0.5 pip
Foundation: 2014

TrioMarkets™ was established by three financial professionals with 15 years of experience in both the British and Swiss financial markets. These are highly skilled and successful entrepreneurs with a successful history in online Forex. They are committed…

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FxPrimus
Rebates: $2.8 per lot Regulation: CySEC
Min deposit: no minimum
Min trade size: 0.01 lot
Spread: from 0 pip
Foundation: 2009

Embarking on the journey of financial trading can be a formidable endeavor, yet choosing the right broker can make all the difference. Among the plethora of options available, FXPrimus stands out as a distinguished…

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SuperForex
Rebates: $13.6 per lot Regulation:
Min deposit: $1
Min trade size: 0.01 lot
Spread: from 0.5 pip
Foundation: 2013

SuperForex is an international brokerage house licensed by the International Financial Services Commission (IFSC). They provide top quality financial and investment services to individual and corporate clients on more than 100 markets across Europe,…

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FXGiants UK
Rebates: $7.6 per lot Regulation:
Min deposit: 500
Min trade size: 0.01 lot
Spread: from 0.1 pip
Foundation: 2015

FXGiants is an FCA regulated, international online trading broker, giving access to retail and institutional investors from more than 150 countries in the world, to over 200 instruments while allowing them to amplify their potential with cutting edge…

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Royal
Rebates: $7 per lot Regulation: CySEC
Min deposit: no minimum
Min trade size: 0.01 lot
Spread: from 0.0 pip
Foundation: 2006

Royal (rfxt.com) is among the world’s fastest-growing global providers to the financial markets. Founded in 2006, our success is attributed to our foundation that is built on the principles of trust, transparency, and ethics along with a solid financial…

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Terminated Brokers:

Broker Rebate Rate Details General Information
Grand Capital
Rebates: per lot Regulation:
Min deposit: $10
Min trade size: 0.01 lot
Spread: from 0.4 pip
Foundation: 2006

Grand Capital has been providing financial, educational and brokerage services since 2006. They actively participate in major financial exhibitions to keep up with latest market trends.

Grand Capital provides individual and corporate clients…

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NBH Markets
Rebates: $0.4 per lot Regulation:
Min deposit: $50
Min trade size: 0.01 lot
Spread: from 0.0 pip
Foundation: 2013

NBH Markets (NBHM) offers Forex and CFD trading backed by physical gold. NBHM is the only broker with gold-backed stability offered by the National Bullion House.

NBHM is committed to providing high standards to every trader. The global team…

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TryMarkets
Rebates: $3.88 per lot Regulation:
Min deposit:
Min trade size: 0.01
Spread:
Foundation: 2011

At TryMarkets it's counter party choices are exclusive to regulated financial services and brokerages. In providing complete services on a single platform, the aim of TryMarkt is to be the solution to those engaging in the financial markets.

TryMarket's…

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