1OANDA
NameOANDA
Web site
Founded in1996
RegulatedCFTC, NFA
Reviews17
Minimum Deposit-
Maximum Leverage1:50
Broker type-
OANDA Review SummaryOANDA Rating - 3.47/5 starsOanda is well-regulated broker well-suited for traders who prefer low-risk trading and offers unique features such as a comprehensive education suite and...
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Pros
  • - OANDA is among the few international online forex brokers that accept U.S. clients.

    - The broker's trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.

    - Oanda does not require a fixed initial deposit on the standard account.

    - OANDA's trading research offerings are excellent and uncommon for a retail trading platform.

    - The broker's desktop and web-based platforms feature TradingView, an advanced financial visualization platform

Cons
  • - Oanda's financial offerings have some irregularities that may only suit some traders.

    - Trading on Oanda may incur several fees, including a monthly inactivity fee, fees for deposit

Visit Site OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.Read full review
2RoboForex
NameRoboForex
Web site
Founded in2009
RegulatedFSC Belize
Reviews105
Minimum Deposit-
Maximum Leverage1:2000
Broker typeNDD, ECN
Supported CountriesRoboForex (also RoboFX) accepts traders worldwide, including Argentina, Belarus, Brazil, Colombia, France, Germany, Hong Kong, Italy, Kazakhstan, Mexico, Nigeria, Russian Federation...
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Pros
  • - 0% commission on deposits and withdrawal

    - Fast funds withdrawal

    - Copy trading option

    - Affordable minimum deposit of just $10

    - Wide range of trading options and tradable instruments for traders

Cons
  • - Limited Demo account; only available for 30 days

    - No cryptocurrency tools on the R StocksTrader platform

3EXNESS
NameEXNESS
Web site
Founded in2008
RegulatedFCA, CySEC
Reviews66
Minimum Deposit-
Maximum Leverage1:2000
Broker typeNDD, ECN
EXNESS BROKER REVIEW: Full GuideEXNESS AT A GLANCEExness Group is an international forex and CFD broker focused on offering a repertoire of equities, indices, commodities, currencies, and cryptoc...
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Pros
  • 1. Specialized trading accounts for new and experienced traders

    2. Free VPS hosting, which any trader can qualify for by trading for at least 14 days with a lifetime deposit of $500 3. 24/7 instant money withdrawal

    4. Narrow spreads across trading accounts

    5. No hidden commission fees

Cons
  • 1. The Exness Training resource section is only available in English, limiting traders who don’t understand English from accessing it.

    2. Customer service is unavailable 24/7 in every language.

    3. Unavailable to retail clients in the UK and some US territories.

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4FxPro
NameFxPro
Web site
Founded in2006
RegulatedFCA, CySEC, ...
Reviews236
Minimum Deposit100 $
Maximum Leverage1:500
Broker typeNDD, ECN
FxPro SummaryFXPROFxPro Rating - 4.25/5FxPro is a well-regulated ECN forex broker that offers forex and CFD trading. The broker is credible with licenses from several top-tier regulatory bodies plus i...
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Pros
    • FXpro offers a superb account opening process that is easy to follow
    • Great customer service
    • The broker offers free deposit and withdrawal
    • Clients get negative balance protection on their accounts to protect their funds during unfavorable market conditions
    • The broker has a team of tested advisors
    • Provision of a VPS server
    • Fxpro offers guaranteed stop loss on every trade
Cons
    • The broker only offers CFDs and forex trading options

    • This Fxpro review discovered that the broker charges high trading fees for some stock CFDs

    • Traders also have to pay inactivity fee when they don't trade for sometime

5Instaforex
NameInstaforex
Web site
Founded in2007
RegulatedRAUFR
Reviews79
Minimum Deposit1 $
Maximum Leverage1:1000
Broker typeNDD, ECN
Unique Selling PointsWide range of trading instruments: InstaForex offers over 100 currency pairs, as well as CFDs on stocks, indices, commodities, and cryptocurrencies. This allows traders to di...
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Pros
    • Wide range of trading instruments, including over 100 currency pairs, cryptocurrencies, and metals.

    • Competitive spreads and high-leverage options are available for traders.

    • Multiple trading platforms to choose from, including MetaTrader 4 and 5.

    • Flexible deposit and withdrawal options, including various e-wallets and cryptocurrencies.

    • Comprehensive educational resources and analytical tools are available to support traders. 

Cons
    • High withdrawal fees for specific payment methods.

    • Limited options for social trading or copy trading.

    • No support for traders in the United States due to regulatory restrictions.

6Neomarkets
NameNeomarkets
Web site
Founded in2022
RegulatedFSC
Reviews1
Minimum Deposit20 $
Maximum Leverage1:500
Broker typeECN, MM
NeoMarkets is a financial institution that offers Forex and CFD investment services to clients across the world. Established in 2022, NeoMarkets has its headquarters located in the Republic of Mauriti...
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Pros
    • NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.

    • NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.

    • NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.

    • The broker provides the option for traders to employ higher leverage, potentially amplifying their trading opportunities.

    • NeoMarkets offers diverse tradable instruments, allowing clients to explore different markets and diversify their portfolios.

    • NeoMarkets supports hedging, a trading strategy that can be useful for risk management and portfolio diversification.

Cons
    • NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.

    • To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.

    • NeoMarkets' website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.

    • The broker imposes an inactivity fee on dormant accounts, which may discourage long-term or occasional traders.

    • NeoMarkets falls short in providing an extensive range of educational resources, which could pose a challenge for new traders seeking learning materials and support.

7Alpari
NameAlpari
Web site
Founded in1998
RegulatedFSC Belize, NAFD, ...
Reviews22
Minimum Deposit100 $
Maximum Leverage1:1000
Broker typeECN
Alpari Broker SummaryALPARI FOREX BROKER DESCRIPTIONAlpari Broker is a leading Forex broker with clients across 150 countries. The broker is a member of The Financial Commission with its HQ in Russia....
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Pros
    • A wide range of trading instruments, including Forex, Spot Metals, Commodities, Stock Trading, Indices, and Cryptocurrencies.

    • Demo accounts are available to practice and test trading strategies before committing real funds.

    • Multilingual customer support is available via phone, live chat, or email.

    • Multiple educational tools, including webinars, trading strategies, and market reviews.

    • Alpari is a regulated broker with strict customer fund safety mechanisms in place.

Cons
    • Withdrawal fees are charged on several withdrawal methods offered by the Broker.

    • Limited research and analysis tools are available compared to other brokers.

    • High minimum deposit requirements for certain account types.

8FXOpen
NameFXOpen
Web site
Founded in2005
RegulatedASIC, FCA
Reviews90
Minimum Deposit10 $
Maximum Leverage1:500
Broker typeECN, STP
Unique Selling PointsCrypto accounts: FXOpen is one of the few forex brokers that allow clients to deposit and withdraw funds using cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.Tradin...
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Pros
    • The broker's efficient trading technology provides its clientele secure, reliable, and efficient trading experience.

    • Competitive spreads, allow traders to minimize trading costs.

    • Multiple account types and trading platforms to suit versatile trading styles and experience levels.

    • Access to PAMM service and auto-trading, allows traders to copy successful transactions and automate their trading strategies.

    • The broker allowed its clientele to make deposits with cryptocurrencies.

Cons
    • The broker offers limited educational resources and training tools for beginners.

    • There is no callback option on the FXOpen platforms.

    • FXOpen has limited customer service support only available on weekdays.

9AMarkets
NameAMarkets
Web site
Founded in2007
RegulatedFSA
Reviews56
Minimum Deposit100 $
Maximum Leverage1:3000
Broker typeNDD, ECN
Unique Selling PointsBest for multilingual/international tradersMulti-Language support: AMarkets provides support for over 20 different languages. Clients can access the website, trading platform...
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Pros
    • Regular bonus offers and promotions

    • Instant and commission-free deposit

    • Up to 1:3000 leverage

    • Multiple deposit methods, including crypto

    • Spreads as low as 0 pips (ECn accounts)

Cons
    • High initial deposit for ECN account

    • Unavailable to retail clients in the UK and US 

    • Not FCA Regulated

    • Limited educational resources

10IC Markets
NameIC Markets
Web site
Founded in2007
RegulatedASIC
Reviews22
Minimum Deposit200 $
Maximum Leverage1:500
Broker typeNDD, ECN
IC Markets Review SummaryIC Markets Rating - 3.76/5 starsIC Markets is a good broker for investors who want to run automated trading strategies on MetaTrader and cTrader platforms.IntroductionThis sec...
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Pros
    • Provides trading aids and resources such as risk depth, spread monitoring, and risk calculator.
    • Offers low average spreads and competitive pricing for all account types.
    • Provides plugins for third-party research and trading tools.
    • Permits scalable, inexpensive algorithmic strategy execution.
    • Provides free deposit and withdrawal options.
Cons
    • Limited product offerings.
    • No investor protection for traders outside the European Union.
    • No weekend trading, extra bonuses or promos.
    • No app for proprietary trading.
11EasyMarkets
NameEasyMarkets
Web site
Founded in2001
RegulatedASIC, FSC, ...
Reviews5
Minimum Deposit-
Maximum Leverage-
Broker typeMM
Unique Selling Points:One-on-One Training: EasyMarkets offers one-on-one training sessions with expert traders, providing personalized guidance and support for traders of all levels.dealCancellat...
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Pros
    • Offers risk management tools

    • Provides a wide range of unique trading instruments 

    • Provides a user-friendly platform 

    • Swift registration process

    • No commission fees or unprecedented charges

Cons
    • Limited customer support 

    • Limited clientele's access to research and educational resources 

12Pepperstone
NamePepperstone
Founded in2010
RegulatedASIC, FCA, ...
Reviews7
Minimum Deposit-
Maximum Leverage1:400
Broker typeNDD, ECN
IntroductionPepperstone is an Australian-based online foreign exchange and contracts for difference (CFD) broker founded in 2010. Pepperstone reviews consider the broker reputable because of its avail...
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Pros
    • Well-regulated: Pepperstone is regulated by top-tier watchdogs, further increasing its credibility. Five regulatory licenses prove that the broker conforms to high standards of financial operations and that its clients' investments and funds are secure.

    • Offers multiple account types: Variety is the spice of trading, and traders need to be able to choose their preferred trading account as this influences their trading journey. Thankfully, Pepperstone offers traders account variety.

    • Advanced charting: Pepperstone provides traders with advanced charting tools to examine markets and make well-informed trading choices. These tools include multiple chart types, technical indicators, and drawing tools.

    • Social trading option: Pepperstone offers its clients social trading through its partnership with the third-party platform, DupliTrade.

    • Transparent pricing: Pepperstone is transparent in its pricing, and there has been no report of hidden charges or fees

    • Multilingual trading apps: Pepperstone fx has a distinct trading app that is particularly unique for its available translation. The Pepperstone mobile trading app is available in 22 languages.

Cons
    • Limited educational resources: Compared to other brokers, Pepperstone's educational resources are insufficient for novice traders looking for extensive trading materials to navigate the financial ecosystem.

    • Limited Demo account access: Pepperstone demo account is only available for 30 days. This implies that traders cannot access it after the expiration period. 

    • Inactivity Fee: It's not uncommon for brokers to charge inactivity fees on accounts that have not been operational for a while with Pepperstone; however, the charges are higher than the industry average. The broker charges an inactivity fee of $15 per month.