Best Forex Brokers in 2021

If you’re looking to trade the forex market effectively, as well as take some profits out of the markets, then you definitely need a trustworthy and reliable forex broker.

Although, considering the vast amount of brokers out there (quantity and quality-wise), picking a good forex broker to trade with can be really hectic, which is why we and our team of experts have decided to rank the best brokers for you, carefully picking from the most reputable brokers in the online forex trading industry.

10 Best Forex Brokers in 2021

Following our in-depth review and ranking process, here are the best forex brokers in the forex trading industry:

  1. IC Markets – Best global forex broker overall.
  2. CMC
  3. XM
  4. SaxoBank – Best forex broker professional traders.
  5. IG – Best forex broker for US traders.
  6. Hotforex
  7. Pepperstone
  8. XTB
  9. FX Pro
  10. FXCM

IC Markets

IC Market was established in 2007 and has rapidly grown to become of the largest true ECN brokers in the world, boasting a record average daily volumes (ADV) of $19.4 billion (in May 2018) and a monthly total volume of US$447 billion.

IC Markets is popular among traders for offering very tight spreads which go as low as 0.0 pips on forex pairs, along with other great trading features including fast order execution, institutional-grade trading platforms, powerful trading terminals, instant deposits & fast withdrawals. IC Markets Review

Established2007
RegulationASIC, FSA, CYSEC.
Trading PlatformsMetaTrader 4, MetaTrader 5 and cTrader
Demo AccountAvailable OPEN DEMO ACCOUNT
Maximum Leverage1:500
Minimum Lot Size0.01
Minimum Deposit$200
Payment MethodsWire Transfer, Card Payments, Electronic Payments
All Markets OfferedForex, Stocks, Commodities, Indices, Cryptocurrencies, Bonds and Futures.

CMC

CMC Markets is a globally trusted Forex, spread betting and CFD broker established in 1989.

CMC Markets offers a bunch of great trading features and conditions including advanced proprietary trading platforms, access to industry-standard trading platforms, over 12,000+ instruments to trade from (including forex, indices, commodities and shares), low-cost trading a great customer support service and much more. CMC Markets Review

Established1989
RegulationASIC, IIROC, MAS and the FCA
Trading PlatformsNext Generation CFD trading platform, MetaTrader 4 (MT4)
Demo AccountAvailable OPEN DEMO ACCOUNT
Maximum LeverageRetail Traders: 1:30, Professional Traders: 1:500
Minimum Lot Size0.01
Minimum Deposit$0
Payment MethodsBank Wire Transfer, Credit / Debit Cards.
All Markets OfferedForex, Indices, Commodities, Shares, ETFs, Cryptocurrencies and Treasuries

XM

XM is a global multi-award-winning broker with over 3.5 million active traders in 190+ countries.

XM is popular among traders for having a variety of options when it comes to the trading services they offer, this makes it a suitable broker for traders of different levels (beginners and professionals), as well as suits different trading styles such as algorithmic trading, scalping, day trading, swing trading and more

The broker offers a variety of asset classes along with a bunch of great trading features such as industry-standard trading platforms (including MT4 and MT5), a range of account types, tight spreads & low commissions, fast trade execution and a wonderful customer support team. XM Review

Established2009
RegulationCySEC (Cyprus), DFSA (United Arab Emirates),
ASIC (Australia), IFSC (Belize), FCA (United Kingdom),
BaFin (Germany), CNMV (Spain), MNB (Hungary),
CONSOB (Italy), ACPR (France), FIN-FSA (Finland),
KNF (Poland), AFM (Netherlands), FI (Sweden).
Trading PlatformsNext Generation CFD trading platform, MetaTrader 4 (MT4)
Demo AccountAvailable OPEN DEMO ACCOUNT
Maximum LeverageRetail Traders: 1:30, Professional Traders: 1:888
Minimum Lot Size0.01
Minimum Deposit$0
Payment MethodsBank Transfer, Card Payments, Electronic Payments (e-walletsź
All Markets OfferedForex, Stocks, Commodities, Equity Indices,
Precious Metals, Energies, Shares.

Saxo Market

Saxo Market is a globally trusted broker established in 1992 by Saxo Bank. Saxo Market offers over 40,000+ instruments across 8 asset classes, along with a number of great trading features such as quick account setup, dedicated customer support teams, industry-leading prices and professional-grade trading platforms. Saxo Market Review

Established1992
RegulationFSA (Denmark), FCA (United Kingdom), JFSA (Japan),
ASIC (Australia)
Trading PlatformsSaxoTraderGO, SaxoTraderPRO, MetaTrader 4,
TradingView
Demo AccountAvailable OPEN DEMO ACCOUNT
Maximum Leverage1:200
Minimum Lot Size0.01
Minimum Deposit$10,000 – International Traders, £500 – Uk Traders.
Payment MethodsCard Payments, Bank Wire Transfers, Local transfers,
All Asset ClassesForex, Stocks, Mutual Funds, ETFs, Bonds, Equities,
Futures, Commodities.

IG

IG was established in 1974 and has maintained its stand as an industry-leading broker with a growing client base of over 230,000+ active traders worldwide.

IG offers spread betting, CFD trading and stockbroking with over 17,000+ instruments to trade from. With IG, traders get access to industry-standard trading platforms, tight spreads, low commissions, low margins, fast order execution, low latency and a helpful customer support team. IG Review

Established1974
RegulationCFTC (U.S.), NFA (U.S.), and FCA (U.K.).
Trading PlatformsProRealTime, L2 Dealer, MetaTrader 4
Demo AccountAvailable OPEN DEMO ACCOUNT
Maximum LeverageRetail & EU Traders – 1:30
US Traders – 1:50
Professional Traders – 1:222
Minimum Trade Size0.01
Minimum Deposit$0
Payment MethodsCard Payments and Bank Wire Transfer.
All Markets OfferedForex, Indices, Shares, Commodities, Futures.

Hotforex

HotForex, also known as HFMarkets, is an award-winning global Forex and CFD broker trusted by millions around the world. HotForex is popularly known for offering several options of tailored accounts and trading conditions to suit different styles of trading as well as different types of traders. They also offer a bunch of other great trading services which makes them a highly competitive counterpart amongst other industry-standard brokers. HotForex Review

Established2010
RegulationCySEC (Cyprus), FCA (UK),
DFSA (Dubai), FSCA (South Africa),
FSA (Seychelles), FSC (Mauritius)
Trading PlatformsMetaTrader 4, MetaTrader 5, WebTrader
Demo AccountAvailable OPEN DEMO ACCOUNT
Maximum LeverageRetail Traders – 1:30
Professional Traders – 1:400.
Minimum Trade Size0.01 lots
Minimum Deposit$5
Payment MethodsBank Transfer, Credit/ Debit Card, E-Payments
All Markets OfferedForex, Metals, Energies, Indices, Shares
Commodities, Bonds, Stocks, ETF.

Pepperstone

Pepperstone is a global online broker offering Forex trading, spread betting and CFDs across a range of asset classes such as forex, indices, commodities, shares and cryptocurrencies.

Pepperstone provides clients with an easy registration process along with a bunch of great trading tools and features such as industry-leading trading platforms; low latency and fast order execution and an awarding-winning 24/5 client support team. Pepperstone Review

Established2010
RegulationASIC (Australia), FCA (United Kingdom), 
DFSA (Dubai)
Trading PlatformsMT4, MT5 and cTrader
Demo AccountAvailable OPEN DEMO ACCOUNT
Maximum LeverageProfessional Traders – 1:500, Retail Traders – 1:30
Minimum Deposit$0
Payment MethodsCredit/ Debit Cards, Bank Transfer, Electronic Payments
All Markets OfferedForex, Indices, Indices, Shares, Cryptocurrencies.

XTB

XTB (X-Trade) is one of the largest FX, CFD & stock exchange-listed brokers in the world, providing access to hundreds of global markets and serving over 275,000 retail clients across the world.

XTB has been around for over 15 years and has continued to provide clients with an outstanding brokerage experience which includes low-cost trading, ultra-tight spreads, clients account protection, wonderful customer support service and more.

Established2002
RegulationFCA, CySEC, PFSA, IFSC, PFSA
Trading PlatformsxStation 5, MetaTrader 4, xStation Mobile
Demo AccountAvailable OPEN DEMO ACCOUNT
Maximum Leverage1:500
UK Traders – 1:30
Minimum Deposit£250/ €250/ $250
Payment MethodsBank Transfers, Credit Card and E-Wallets
All Markets OfferedForex, Indices, Commodities, Stocks CFDs, ETFs CFDs, Crypto.

FX Pro

FXPro is a global leading Forex and CFD broker which serves over 1.8 million traders in 170+ countries worldwide.

The broker was established in 2006 and has since then gained a tremendous amount of recognition and reputation which is as a result of the substantial trading services they offer, these include true No Dealing Desk Execution broker, advanced trading systems, ultra-low latency, ultra-fast order execution time, advanced online trading tools, great customer support service, variety of top-grade trading platforms and lots more. FXPro Review

Established2006
RegulationFCA (United Kingdom), cySEC (Europe)
SFCA (South Africa) and SCB (Bahamas)
Trading PlatformsFXPro Edge, MetaTrader4, MetaTrader5 and cTrader
Demo AccountAvailable OPEN DEMO ACCOUNT
Maximum LeverageEU & UK Traders – 1:30
International Traders – 1:200
Minimum Deposit$100
Payment MethodsBank Transfer, Broker To Broker Transfer,
Credit/ Debit Cards and Electronic Payments.
All Markets OfferedForex, futures, indices, shares, metals and energies.

FXCM

FXCM is a global leading provider of online forex trading, CFD trading, spread betting and other trading related services, with over 20+ years of experience.

With their tremendous recognition and great reputation in the trading industry since they were established, FXCM has clearly done their best to continuously provide their traders with a great trading environment and services as they offer advanced trading tools, great trading conditions, vital educational materials and a very efficient customer support service. Read Full Review

Established1999
Regulation
Trading PlatformsTrading Station, MetaTrader 4, Ninja Trader, ZuluTrade, TradingView,
Capitalise AI
Demo AccountAvailable OPEN DEMO ACCOUNT
Maximum Leverage
Minimum Deposit
Payment Methods
All Markets Offered