Compare Forex Brokers
The table below allows you to compare currency trading brokers based on broker type, account minimums and more. Click the review button to read an in-depth review, including company information, trading platforms and account types.
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Forex Broker Description |
Apply For A Live/Demo Account |
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eToro social trading enables you to find and copy top performing traders found on the eToro social network. [Read more..] |
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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XM offers 888:1 leverage, free forex signals, free $30 no deposit bonus, real accounts from $5, no requotes, micro and standard lots. [Read more..]
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Forex Broker Types
 STP Forex Broker: STP Straight Through Processing brokers employ a no dealing desk (NDD) model. As a result, they never trade against their clients. Instead, they route all client orders directly to the interbank market.
ECN Forex Broker: ECN stands for Electronic Communication Network. An ECN broker earns its revenue from charging a commission per trade side. They do not make any revenue through the bid/ask spread or profiting directly from its clients' losses.
Market Makers (MM): MM employ a dealing desk (DD) model profiting from its clients' losses and through the bid/ask spread. Market makers doesn't offer STP or ECN order execution.
Why Do I Need A Forex Broker?
Forex brokers are an intermediary between currency traders and the interbank that match up buyers and sellers in the market. They connect you to the forex market itself. As a result, if you want to trade currencies, you're going to need a forex broker.
Find A Broker
The broker directory includes STP brokers, STP/ECN brokers, Metatrader 4 ECN brokers, low spread brokers, scalping brokers, high leverage brokers, mini & micro brokers and currenex brokers.
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