Top 25 Best Forex Brokers in 2025 Recommended

Top 25 Best Forex Brokers in 2025 Recommended

You can also trade spot shares with IG Group, which involves stock ownership, as opposed to CFDs which doesn’t. The broker also offers a diverse range of products across 10 asset classes, which you will appreciate as a professional trader. Based on our testing, the broker had average Standard account (no-commission) spreads of 1.03 pips compared to the industry average of 1.48 pips. Where brokers differ, will be in the methods of trading they offer and how diverse their range of tradeable products are. Most brokers offer CFDs, while some also offer spot trading, futures, and spread betting. To legally offer financial services to clients, all brokers must be regulated by that country or jurisdiction’s regulator.

Top US Brokers By Category

We like MT5 because it offers access to markets beyond the foreign exchange market, allowing users to trade asset classes only available on centralized exchanges. With over 50 years of experience in the financial markets and serving more than 300,000 clients globally, Tastyfx is one of the largest forex brokers operating on US soil. We recommend Tastyfx, formerly known as IG Markets, for beginner retail traders due to its award-winning trading platform and extensive educational resources. Tastyfx offers a treasure trove of materials for new traders, including detailed platform guides, practical how-to videos, informative webinars, and a free educational app. Plus500 offers a streamlined trading experience that combines a well-designed platform layout with a touch above the bare minimum, making it a great choice for traders who are new to using trading software. A contract for differences, also known as (CFD), is a complex financial instrument that comes with a high risk of losing money.

Which Broker Has The Lowest Spreads In The US?

For day traders and those new to forex trading, Interactive Brokers offers the IBKR Lite account. The broker does act as a market-maker, however, trades bypass a dealing desk in favor of 17 forex-dealing banks. Variable spreads are exceptionally tight as a result and start from just 0.1 pips. U.S. customers don’t get access to guaranteed stop-loss orders or account protection against negative balances, which Forex.com offers to its overseas clients.

By thoroughly comparing the data sets covered, one can identify the Forex broker that best meets trading objectives and personal needs. These will also have full regulatory compliance with reputable authorities, strong security measures, data protection, and fund segregation. To determine the best Forex broker, it is essential to compare data across various brokers and tailor your selection to your personal needs. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional.

Best Research Tools

• For casual or beginner traders interested in exploring day trading and those who prefer to trade only crypto, eToro has much to offer.
• It scored a perfect 10/10 regarding coverage, support hours, and overall website experience.
• The broker does act as a market-maker, however, trades bypass a dealing desk in favor of 17 forex-dealing banks.
• Saxo operates as a bank, but focuses on providing trading access and platforms to traders, rather than traditional banking and lending.
• CMC is one of the most highly regulated forex brokers, and is well-regarded for its quality research and innovative trading tools.
• The overall ratings are a weighted average of the weighted criteria, ensuring a balanced and fair assessment.

The broker also offers an excellent proprietary platform, OANDA Trade, along with the popular MT4 and TradingView. While IC Markets doesn’t offer a proprietary platform, the broker offers MetaTrader platforms, TradingView and cTrader and social/copy trading options with ZuluTrade, Myfxbook and cTrader Copy. IC Markets advertises an average spread of 0.02 pips for the EURUSD and while that might seem curiously low, Ross Collins from our team from IC Markets still had the lowest spreads. His tests found IC Markets has an average spread of 0.73 pips for the same pair, higher but still the lowest spreads of the brokers we tested. The best example of Pepperstone’s excellent customer service is our account opening experience with the broker, which we found was easy and smooth. We were assigned an accommodating account manager, who guided us through the whole process and our account was opened in minutes.

Comparing Forex Brokers

• This collection of articles is designed to provide insights and recommendations that should suit your trading needs.
• While there are no drawing tools in the app, it still provides a lot of features not found in other forex brokers’ trading apps and is well worth trying out.
• From regional standouts to global leaders, this page brings together the best options to enhance your trading experience.
• Established in 2010 and headquartered in Melbourne, Australia, Pepperstone is a highly regulated broker that stands out for its ultra-low latency execution, appealing to scalpers and high-frequency traders.
• These demo accounts usually only require a name and an email address and provide a risk-free environment to practise trading and get familiar with the broker’s platform.
• Individual states may also require financial services companies to obtain licenses to operate within the jurisdiction.

In our live fee test, I found the spread for Apple averaged 0.04 points during the New York open, which is better than the industry average. During our live test, I found that Tickmill offers an excellent and diverse range of research tools. One of my favourite research tools from Tickmill is its Market Sentiment dashboard which provides multi-asset news and sentiment visualization on more than 80,000 instruments. You can view the sentiment of an instrument on a daily or hourly basis and adjust the confidence levels on predicted sentiment levels. During our live test, I found that you can trade via the MT4 and MT5 mobile trading apps for Android and iOS devices. I find these are no-frill mobile apps and not very useful for technical analysis, but ok for managing positions and opening or closing a trade.

Is Forex Trading Popular In The US?

It also offers a relatively low number of tradable symbols and lacks trading in non-CFD shares, ETFs, and cryptocurrency. Our country guides dive deep into local financial markets and regulatory agencies to help you choose the best forex broker – wherever you may live. One reason foreign exchange trading has grown in popularity over the years is because of CFD trading accounts.

CFD is short for “contract for difference” and is the method of speculating on the underlying price of an asset, like shares, indices, commodities, cryptos as well as fiat currencies. Runners-up based on our latest tests in 2025 are Eightcap, CMC Markets, IG, IC Markets, AvaTrade, and FOREX.com. This includes an IF-DONE order type, which is a two-step order where the second step can’t be executed until the first step is completed. Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.

Since you pay the commission separately to the spread, you get greater transparency with this account and this is one of the reasons it is popular with scalpers. By thoroughly comparing the data sets covered, you can identify the Forex broker that best meets your trading objectives and personal needs, ensuring a well-informed and tailored decision. To determine the best Forex broker, it is essential to compare data sets across various brokers and tailor your selection to your personal needs. FxPro’s partnerships with top-tier banks and liquidity providers ensure deep liquidity and seamless order execution, Forex Brokers with 84% of market orders executed at the requested price​. Funding and withdrawal processes with Moneta Markets are straightforward and efficient, with multiple methods available, including bank transfers, credit/debit cards, and e-wallets.

In the forex markets, currencies trade against each other as exchange rate pairs. The EUR/USD would be a currency pair for trading the euro against the U.S. dollar, for example. Investopedia evaluated 18 forex brokerage companies based on 73 criteria that are critical to investors. Investopedia launched in 1999, and has been helping readers find the best forex brokerage accounts since 2019. Our mission is to provide in-depth, unbiased reviews of international forex brokers, and to create world-class content about the global forex industry. Since inception, ForexBrokers.com has helped millions of traders compare and choose the best forex and CFD brokers.

We also give Pepperstone an honourable mention with an average limit order speed of 77ms and market order speed of 100ms. For more information, we reviewed the Lowest Commission Brokers in the industry. The Premium Upgrade tool we utilised the most was the DOM (depth of market) feature, which showed us what prices our order would be filled based on the prevailing liquidity in the market. CFD is short for ‘contract for difference’ and is the method of speculating on the underlying price of an asset, like shares, indices, commodities, cryptos as well as currencies. They will have full regulatory compliance with reputable authorities, strong security measures, data protection, and fund segregation.

The forex market is highly volatile, more so than say stocks, with rapid fluctuations that day traders need to capitalize on to generate profits. Fast execution speeds help ensure currency trades are carried out as close to the desired entry and exit points as possible while minimizing slippage. With a rising trend in mobile forex trading, as reported by Astute Analytica, the ability to trade on the move is also crucial. However, after using countless forex apps, we’ve found that not all mobile solutions match their desktop counterparts. Charts may not be mobile-optimized or you can’t work horizontally, resulting in a subpar user experience.