With hundreds of Forex brokers to choose from, selecting the right one can be both challenging and time consuming. To ease the process, weve tested and reviewed dozens of the top Forex brokers and compiled our findings into thorough Forex brokers reviews. But dont just take our word for it; each Forex broker review also includes feedback from real traders, so that you can make a comfortable, informed decision.

When researching the best online Forex brokers there are many aspects to consider. Regulated brokers are certainly the most secure and for this reason alone we only recommend regulated entities as our top Forex brokers. However, among those with regulation youll also want to look at their spreads, leverage and asset offerings. You can do this quickly and easily by reading our Forex broker reviews and checking our Forex broker ratings. But dont take our word for it alone; we encourage you to test out a few of our top Forex brokers using their free demo accounts so that you can feel entirely confident that youve chosen the best Forex broker for your specific needs.Browse our Forex broker reviews now!

Best all-around: high floating leverage + fast execution

Best all-around: high floating leverage + fast execution

Hybrid execution model + scalping, hedging and more trading options

Hybrid execution model + scalping, hedging and more trading options

Highly regulated, choice of fixed or floating spreads

MiFID, Central Bank of Ireland, ASIC, FSC, BVIFSC

Highly regulated, choice of fixed or floating spreads

No dealing desk execution + wide range of trading apps

Best broker for social traders and crypto traders

Segregated accounts,account security and tight spreads

Forex is easy to learn and success can come with the very first trade. Understanding how the final analysis of profit and loss is configured is an important first step in Forex trading and a certain amount of Forex training is definitely a prudent undertaking by all traders if any money is to be made in currency trading. Understanding the technical and fundamental reasons behind currency pairs and how they affect price movements as well as knowledge of and familiarity with Forex indicators and tools, leads to a more successful trading experience.

Forex is just one of many investment vehicles a trader can choose and like all other financial instruments, both gains and losses are part of the game. One of the best ways to boost your chances of success in Forex is to understand the ins and outs of currency trading. Setting up a demo or practice account can offer an opportunity to do trade on a live account without putting any money at risk and most Forex brokers offer this feature.

Secured Money:Feeling secure with a broker is of major importance to a trader and should be validated before opening a trading account. Most Forex brokers are regulated and/or licensed by international or local regulatory authorities and this entails keeping clients funds totally segregated from all other monies.

Customer support:Traders often need to contact a broker representative for clarification or additional information. Contact information should be listed on the landing page and should include telephone numbers and email addresses. Live Chat offers immediate contact with an online rep and is available with most brokers.

Account Types:Brokers usually offer their clients a choice of different trading accounts. Accounts can differ according to the amount of money required to open the account, fixed or floating spreads, varying leverages and more. Bonuses can also be contingent on the type of account opened.

Initial Deposit:Some trading accounts can be opened with as little as $1.00 while others require a minimum deposit of $2500. Brokers tend to provide a choice of accounts and their main difference may be the amount of the initial deposit. Deposits can be made in a variety of different ways, but credit cards and bank wires are the most popular methods with online payment systems gaining popularity.

Charges and Fees:In most cases, there are no charges for opening an account with a broker. Some companies do have a deposit or a withdrawal fee while many dont have any charges as all. When deciding with which Forex broker to open an account, you should look carefully at all charges and fees and especially the percentage of pips included in losses and profits as this can determine the final outcome of the trade.

Leverages:Most brokers offered traders a certain amount of leverage to enable them to increase their investment amount. These differ from broker to broker as well as from one account to another. New traders just starting out should avoid using leverage at first as it can put him at increased risk if his trades end in a loss.

Spreads:Spreads are the difference between the buy and sell price and this is where the broker makes its money. It is important to check what type of spread-fixed or floating-is levied as well as to compare the amount of the spread with that of several brokers.

Free demo account:Another feature to look for in a Forex broker is whether the option of a free demo account is provided. Demo accounts allow you to make trades in a real online account without putting up any money. Brokers offer this option with varying time frames and different amounts of virtual trading funds but even for a short period of time, the use of a demo account offers sufficient opportunity for you to grasp the concept of Forex trading and learn the ins and outs of currency price movements.

Currency Pairs offered:Most Forex brokers offer trading in the major currency pairs such as USD/EUR or JPY/USD. Other brokers add on what is considered exotic pairs which are currencies from smaller or developing countries. Still others offer trading in bitcoins, a cryptocurrency.

Trading platform:The Forex trading platform offered for use by each broker should also be seriously considered before deciding whether or not to open an account. The trading platform is used to place orders, check out Forex news, perform technical analysis, manage the trading account and much more. Sometimes the platform is a third party application but in many cases it is also a specific application created, designed or modified by the Forex broker. Comparing the features provided in the different versions of both the basic platform and those on the higher upgrades is necessary in assessing whether or not the platform works for you.

Educational Materials:The more you know, the better trader you will be. Some brokers place a strong focus on education and provide a host of different venues such as videos, seminars, webinars and more. Most broker websites post dailysometimes weeklynews updates and analysis and many provide additional fundamental analysis of what is happening in the markets. Economic calendars list upcoming financial events around the world and different calculators help traders calculate margin interest, pips, profits and more.

Bonuses and Promotions:Some brokers find bonuses and promotions to be an important way to attract new clients and they offer them generously. Welcome bonuses or loyalty bonuses are common and can add significantly to a traders account balance. There are some brokers who come up with unique promotions such as cash prizes, electronic devices and even cars or trips.

In todays fast paced world, Forex trading can offer big profits in a very short time and it has been attracting lots of investors who have tired of other trading instruments and have lost interest in different financial markets. But lets face it, with hundreds of brokers pedaling their wares, deciding on the right broker can be challenging and time consuming.

To ease the process of selecting a Forex broker, the team at m has tested and reviewed dozens of the top rated Forex brokers and we have compiled our findings into thorough and honest

Forex broker appraisals. We say it like it is and post the truth and nothing but the truth.

So before making your selection and registering for an account, spend some time reading our Forex broker reviews so you have the best chance of becoming a profitable Forex trader.

Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.