Top 20 Best Forex Brokers in 2021

1. BDSwiss

Since its inception in 2012, BDSwiss has stormed the online trading scene with its carefully curated mix of products and services designed with a range of clientele in mind.  The evidence of its popularity is clear, with over a million registered accounts catering to clients across 173 countries and more than 56+ MILLION client transactions processed annually. 

Minimum Deposit : 100$

Regulation : CySEC , FSC

2. Etoro

eToro was founded as RetailFX in 2007 in Tel Aviv, by brothers Yoni Assia and Ronen Assia together with David Ring.

In 2010, the firm released the eToro OpenBook social investment platform, along with its CopyTrading feature, that enables investors to view, follow and copy the network's top traders automatically. Later that year, the firm released its first Android app for access via mobile devices.

Minimum Deposit : 200$

Regulation : CySEC, FCA, ASIC

3. RoboForex

Established in New Zealand in 2009, RoboForex is one of the safest and most popular web brokers in the world . One of RoboForex’s best features is its wide range of accounts, which cater to all levels of trader, from novice to old pro. Education-wise, RoboForex is ahead of the game. The market-maker has economic calendars and analytics centers, in addition to the myriad of resources that the MetaTrader suite provides. 

Minimum Deposit : 10$

Regulation : IFSC


4. IQ Option

The intermediary IQ Broker was created in 2013 and has become one of the most famous intermediaries in Europe. It is aimed at beginners and looks like a game. That is the main reason for the growing popularity of IQ Option.

IQ Option has rapidly become one of the most popular trading platforms for traders across the world with over 48,000,000 registered users and over 1,000,000 transactions per day.  IQ Option accepts traders from over 213 countries including India, Nigeria, South Africa, The Philippines, Malaysia, Pakistan, Singapore, and many more.

Minimum Deposit : 10$

Regulation : CySEC

5. Plus500 

Founded in 2008, the Israel-based company operates via several subsidiaries throughout Europe and the Asia-Pacific region and is registered with the relevant regulatory authorities. Like many forex brokers, Plus500 does not accept U.S. traders.Investors from over 50 countries can trade confidently knowing that Plus500 is regulated and licensed in all jurisdictions it operates with service available in 32 different languages. Moreover, individual risk and safety can be optimized with a comprehensive series of order types and margin trading tools, plus segregated account measures to secure all trader funds.

Minimum Deposit : 100$

Regulation : CySEC, FCA, AFSL

6. XM Forex

XM Global was established in 2017 and is regulated by the International Financial Services Commission .
The platform boasts over 1.5 million clients with traders in 196 countries. The XM ethos is all about being big, fair and human. The company prides itself on things like excellent customer service and a personalized approach for every client, no matter their investment goals.

Minimum Deposit : 5$

Regulation : IFSC, CySEC, ASIC

7. IC Markets

IC Markets is a reputable and established online trading brokerage based out of Sydney Australia . The company was founded in 2007 .
The online broker is well known in Australia and is considered to be the best online brokerage available in the Country as it offers the highest available leverage in Australia, low spreads and fees, and much more.

Minimum Deposit : 200$

Regulation : ASIC, CySEC, FSA

8. BlackBull Markets

Founded in 2014, Black Bull Group Limited (BlackBull Markets) is licensed by the New Zealand Financial Markets Authority and the Financial Services Authority of Seychelles. The broker is headquartered in Auckland, NZ and has an additional support office in Kuala Lumpur, Malaysia.
The company offers 10 years of combined institutional experience in the forex space.

Minimum Deposit : 200$

Regulation : FSPR, FSCL


FXCM, or Forex Capital Markets, is a UK-based broker offering forex and CFDs trading. FXCM was established in 1999 and is 100% owned by the Jefferies Financial Group, which is listed on the New York Stock Exchange and has a background in investment banking . FXCM is offering innovative trading tools and services to modern traders worldwide, transparent execution, award-winning trading platforms and high-quality 24/5 customer support with aim to provide one of the best online trading experience in the market. With this in mind, FXCM's mission is to provide increasing levels of quality pricing, transparency and execution services to its traders.

Minimum Deposit : 50$

Regulation : FCA, AFSL, FSCA

10. XTB

Established in 2004, XTB is one of the largest stock-exchange listed brokers in the world with a presence in 13 countries, including the UK, Poland, Germany, and France to name a few. Known for its transparency and speed of execution, both XTB and its analysis team have won a number of prestigious awards for its services and research .

Minimum Deposit : 0$

Regulation : FCA, CySEC, IFSC, KNF

11. Pepperstone

Based in Australia, Pepperstone Limited was established in 2010. Despite being relative newcomers to the market, it has grown exponentially over the course of recent years, so that it is now one of the largest forex and CFD brokers in the world.
The firm opened a City of London base in 2016, Pepperstone has many European clients, and trades in accordance with the regulatory principles set down by the European Securities and Markets Authority, BaFin and the Financial Conduct Authority. They are also regulated in Dubai and Kenya covering the middle east, and African markets.

Minimum Deposit : 200$

Regulation : FCA, ASIC, SCB, DFSA, CMA, BaFin

12. FxPro

Founded in 2006, FxPro is a global forex and CFD broker with a longer history than many competing platforms, and a great degree of trust to go along with it. Its good reputation in the market has pushed the company past several milestones, including attaining the 1.3 million-client mark , 370,000,000 orders executed, and sponsorships with McLaren F1 and Watford FC London. FxPro has more than 60 international awards and was voted Best Broker by the Financial Times three years running in 2015-2018. It still enjoys high popularity among traders in the UK, Europe, and elsewhere in the world for security, speed, and cost efficiency.

Minimum Deposit : 100$

Regulation : FCA, CySEC , FSCA , DFSA


13. Admiral Markets

Admiral Markets was founded in 2001. Today, the company’s several hundred thousand active traders can be found in countries worldwide, from Germany to India. The group’s headquarters are in Tallinn, Estonia, although the company has offices in several cities, including London and Zagreb.

Minimum Deposit : 100$

Regulation : FCA, ASIC, CySEC, EFSA

14. Libertex

Since its founding in 1997, Libertex has forged an exceptional reputation among traders in virtually every global market, and now serves over 2.2 million clients in 110 countries. Cryptocurrencies, forex, commodities, stocks and shares, ETFs, CFDs, indices, and more are available on the Libertex platform, with leverage of up to 1:50 for retail accountholders and up to 1:600 available for professionals.

Minimum Deposit : 100$

Regulation :CySES

15. InstaForex

InstaForex first appeared on the financial services scene in 2007. Over the years, the brand has only grown and expanded to have over 260 different representative offices and locations worldwide.
Over 30 industry awards, plus the use of multiple data centres, prove that InstaForex is a serious contender for the trading industry, with no plans of loosening their grip anytime soon.

Minimum Deposit : 1$

Regulation :CySES

16. Vantage FX

VantageFX is the representative of Vantage Global Prime Pty Ltd. The company was set up in 2009 under the name of MXT Global, before being rebranded in 2015.

Registered in Australia, the site was designed primarily for an Australian audience. The brand has since grown however, and now boasts a global user base.

Minimum Deposit : 200$

Regulation : ASIC , FCA , CIMA 

17. AvaTrade 

AvaTrade is a leading international forex broker, and are part of the AVA Group of companies. Being founded in 2006, AvaTrade is one of the oldest online brokerages.
The company now has four offices around the world, located in Japan, Australia, Ireland, and the British Virgin Islands. As one of the largest and most respected online brokerages in the world, AvaTrade accepts clients from a huge range of regions, and accepts trading accounts in a variety of currencies.
The firm also recently announced a major partnership with English Premier League Champions Manchester City, underlining the brands growth and visibility. 

Minimum Deposit : 100$

Regulation : CBoI, ASIC, FSB

18. AxiTrader

AxiTrader was originally an Australian trading company, set up in 2007. Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world. Axi has made giant strides since its inception in 2007 to become a top 10 global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology.
Over the years the company has expanded, opening a London branch in 2012 and commencing operations in China in 2015.

Minimum Deposit : 0$

Regulation : FCA, ASIC, DFSA

19. Saxo Bank

Saxo Bank was established in the year 1992 as a privately owned company. The headquarters of the bank is in Copenhagen, Denmark and it has managed to set itself apart to become one of the leading retail brokerage innovators in Europe.

Minimum Deposit : 10000$

Regulation : FSA, FCA

20. FXDD

FXDD was founded in 2002 in New York and is headquartered in Malta. The company has been trading under the leadership of its CEO since 2004, with 400,000 accounts opened. FXDD Europe is regulated by the Malta Financial Services Authority (MSFA) and is licensed to offer services in all countries within the EEA under the EU’s MiFID legislation.
FXDD provides clients with a competitive range of trading options, as it has since it was founded in 2002. This broker currently accepts clients from 180 countries, and offers a variety of trading accounts. Traders can choose between these two jurisdictions when they open their forex accounts – with Malta providing greater capital protection while Mauritius offering higher leverage limits.

Minimum Deposit : 1$

Regulation : MFSA , MFSC




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