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Forex brokers ranking for 2024

Do you want to start trading Forex, but don't know how to choose a Forex broker? Trade-Leader is a professional rating of Forex brokers with a detailed review and real reviews. We will help you choose the best Forex broker.

Broker
Rating
Information
Spread
676.6
Rating
140 17 6
Reviews
$0
Min. deposit
1:1000
Max. shoulder
IFSC, FSC
Spread
636.4
Rating
11 9 4
Reviews
$5
Min. deposit
1:888
Max. shoulder
Spread
632
Rating
9 0 3
Reviews
$0
Min. deposit
1:200
Max. shoulder
Spread
591.4
Rating
60 4 5
Reviews
$50
Min. deposit
1:1000
Max. shoulder
Spread
523.8
Rating
21 5 0
Reviews
$0
Min. deposit
1:1000
Max. shoulder
Spread
468
Rating
5 5 3
Reviews
$10
Min. deposit
1:2000
Max. shoulder
Spread
462
Rating
13 8 2
Reviews
$1
Min. deposit
1:1000
Max. shoulder
Spread
454.6
Rating
11 6 6
Reviews
$100
Min. deposit
1:200
Max. shoulder
Spread
453
Rating
0 0 0
Reviews
$100
Min. deposit
1:300
Max. shoulder
Spread
446
Rating
1 0 1
Reviews
$0
Min. deposit
1:30
Max. shoulder
Spread
443.2
Rating
26 13 2
Reviews
$0
Min. deposit
1:1000
Max. shoulder
Spread
442
Rating
62 17 3
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
441
Rating
2 1 0
Reviews
$0
Min. deposit
1:400
Max. shoulder
Spread
439
Rating
0 1 2
Reviews
$0
Min. deposit
1:50
Max. shoulder
Spread
429.8
Rating
12 4 1
Reviews
$1
Min. deposit
1:1000
Max. shoulder
Spread
427
Rating
18 11 0
Reviews
$300
Min. deposit
1:500
Max. shoulder
Spread
427
Rating
1 1 1
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
424.2
Rating
50 7 1
Reviews
$5
Min. deposit
1:500
Max. shoulder
Spread
423
Rating
1 1 1
Reviews
$0
Min. deposit
1:200
Max. shoulder
Spread
420.6
Rating
63 23 4
Reviews
$1
Min. deposit
1:500
Max. shoulder
Spread
412.2
Rating
1 1 0
Reviews
$500
Min. deposit
1:200
Max. shoulder
Spread
410
Rating
0 1 1
Reviews
$0
Min. deposit
1:200
Max. shoulder
Spread
407
Rating
4 1 3
Reviews
$50
Min. deposit
1:500
Max. shoulder
Spread
406
Rating
9 9 1
Reviews
$100
Min. deposit
1:200
Max. shoulder
Spread
406
Rating
3 3 1
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
403
Rating
2 1 1
Reviews
$10
Min. deposit
1:500
Max. shoulder
Spread
402
Rating
0 1 2
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
397
Rating
19 1 1
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
390
Rating
0 1 1
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
388
Rating
2 1 0
Reviews
$100
Min. deposit
1:400
Max. shoulder
Spread
388
Rating
2 1 0
Reviews
$25
Min. deposit
1:400
Max. shoulder
Spread
388
Rating
0 1 0
Reviews
$100
Min. deposit
1:400
Max. shoulder
Spread
385.8
Rating
50 10 5
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
384
Rating
1 2 0
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
383
Rating
1 2 0
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
382
Rating
2 1 1
Reviews
$100
Min. deposit
1:300
Max. shoulder
Spread
379.8
Rating
61 25 2
Reviews
$500
Min. deposit
1:200
Max. shoulder
Spread
376
Rating
1 2 1
Reviews
$50
Min. deposit
1:500
Max. shoulder
Spread
372
Rating
1 1 1
Reviews
$250
Min. deposit
1:400
Max. shoulder
Spread
372
Rating
0 1 1
Reviews
$10000
Min. deposit
1:100
Max. shoulder
Spread
371.8
Rating
1 0 1
Reviews
$1000
Min. deposit
1:200
Max. shoulder
Spread
369
Rating
1 1 1
Reviews
$50
Min. deposit
1:400
Max. shoulder
Spread
368
Rating
1 2 0
Reviews
$1
Min. deposit
1:400
Max. shoulder
Spread
368
Rating
0 1 0
Reviews
$200
Min. deposit
1:1000
Max. shoulder
Spread
361
Rating
0 0 0
Reviews
$250
Min. deposit
1:500
Max. shoulder
Spread
361
Rating
0 1 0
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
360.4
Rating
65 1 0
Reviews
$10
Min. deposit
1:1000
Max. shoulder
Spread
359
Rating
0 1 1
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
355
Rating
0 1 1
Reviews
$10
Min. deposit
1:1000
Max. shoulder
Spread
354
Rating
0 0 2
Reviews
$50
Min. deposit
1:200
Max. shoulder
Spread
350.8
Rating
254 21 0
Reviews
$500
Min. deposit
1:500
Max. shoulder
Spread
350
Rating
0 0 2
Reviews
$50
Min. deposit
1:3000
Max. shoulder
Spread
342.4
Rating
12 8 1
Reviews
$5
Min. deposit
1:1000
Max. shoulder
Spread
342
Rating
1 1 0
Reviews
$50
Min. deposit
1:400
Max. shoulder
Spread
342
Rating
1 1 0
Reviews
$500
Min. deposit
1:400
Max. shoulder
Spread
341
Rating
3 0 0
Reviews
$1
Min. deposit
1:500
Max. shoulder
Spread
338
Rating
0 1 1
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
337
Rating
1 1 1
Reviews
$200
Min. deposit
1:400
Max. shoulder
Spread
336.2
Rating
1 1 1
Reviews
$1
Min. deposit
1:200
Max. shoulder
Spread
333
Rating
0 1 0
Reviews
$0
Min. deposit
1:400
Max. shoulder
Spread
331
Rating
0 1 1
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
331
Rating
0 1 3
Reviews
$250
Min. deposit
1:500
Max. shoulder
Spread
330
Rating
3 0 0
Reviews
$2000
Min. deposit
1:500
Max. shoulder
Spread
329.6
Rating
1 2 2
Reviews
$1
Min. deposit
1:200
Max. shoulder
Spread
326
Rating
0 0 0
Reviews
$10
Min. deposit
1:1000
Max. shoulder
Spread
323
Rating
4 0 0
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
321.6
Rating
6 0 0
Reviews
$50
Min. deposit
1:50
Max. shoulder
Spread
318
Rating
0 1 1
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
317.2
Rating
21 5 1
Reviews
$300
Min. deposit
1:500
Max. shoulder
Spread
316
Rating
0 1 1
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
312.4
Rating
1 2 0
Reviews
$50
Min. deposit
1:500
Max. shoulder
Spread
311
Rating
34 6 1
Reviews
$250
Min. deposit
1:1000
Max. shoulder
Spread
310
Rating
3 0 1
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
309
Rating
0 0 1
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
308.2
Rating
39 22 14
Reviews
$1000
Min. deposit
1:100
Max. shoulder
Spread
308
Rating
0 0 0
Reviews
$500
Min. deposit
1:30
Max. shoulder
Spread
306
Rating
1 2 1
Reviews
$100
Min. deposit
1:400
Max. shoulder
Spread
303
Rating
4 0 0
Reviews
$50
Min. deposit
1:500
Max. shoulder
Spread
301.2
Rating
17 7 9
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
296
Rating
3 2 2
Reviews
$25
Min. deposit
1:500
Max. shoulder
Spread
296
Rating
1 1 0
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
292
Rating
2 1 1
Reviews
$100
Min. deposit
1:100
Max. shoulder
Spread
289
Rating
1 0 0
Reviews
$5000
Min. deposit
1:100
Max. shoulder
Spread
289
Rating
0 3 0
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
288
Rating
0 0 0
Reviews
$10
Min. deposit
1:500
Max. shoulder
Spread
286
Rating
0 1 0
Reviews
$10
Min. deposit
1:1000
Max. shoulder
Spread
285
Rating
20 5 0
Reviews
$100
Min. deposit
1:300
Max. shoulder
Spread
282.4
Rating
11 3 1
Reviews
$1000
Min. deposit
1:300
Max. shoulder
Spread
281
Rating
0 0 2
Reviews
$50
Min. deposit
1:500
Max. shoulder
Spread
281
Rating
0 1 0
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
280
Rating
1 0 1
Reviews
$0
Min. deposit
1:300
Max. shoulder
Spread
279
Rating
0 1 0
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
279
Rating
0 1 0
Reviews
$500
Min. deposit
1:30
Max. shoulder
Spread
279
Rating
0 1 0
Reviews
$50
Min. deposit
1:500
Max. shoulder
Spread
277.8
Rating
4 3 2
Reviews
$1
Min. deposit
1:3000
Max. shoulder
Spread
277
Rating
15 5 0
Reviews
$25
Min. deposit
1:1000
Max. shoulder
Spread
271
Rating
6 3 0
Reviews
$500
Min. deposit
1:30
Max. shoulder
Spread
271
Rating
0 2 0
Reviews
$200
Min. deposit
1:200
Max. shoulder
Spread
269.2
Rating
6 0 1
Reviews
$500
Min. deposit
1:300
Max. shoulder
Spread
269
Rating
4 2 0
Reviews
$1
Min. deposit
1:1000
Max. shoulder
Spread
268
Rating
2 1 0
Reviews
$2000
Min. deposit
1:100
Max. shoulder
Spread
267
Rating
0 0 0
Reviews
$5
Min. deposit
1:500
Max. shoulder
Spread
266
Rating
1 5 0
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
266
Rating
0 0 0
Reviews
$10
Min. deposit
1:1000
Max. shoulder
Spread
265
Rating
0 2 0
Reviews
$100
Min. deposit
1:200
Max. shoulder
Spread
263
Rating
1 0 0
Reviews
$500
Min. deposit
1:500
Max. shoulder
Spread
259
Rating
0 1 0
Reviews
$100
Min. deposit
1:400
Max. shoulder
Spread
258.2
Rating
99 22 8
Reviews
$0
Min. deposit
1:1000
Max. shoulder
Spread
258
Rating
1 1 1
Reviews
$250
Min. deposit
1:500
Max. shoulder
Spread
258
Rating
0 0 1
Reviews
$10000
Min. deposit
1:100
Max. shoulder
Spread
256
Rating
0 1 0
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
253
Rating
0 1 0
Reviews
$10
Min. deposit
1:500
Max. shoulder
Spread
252
Rating
0 1 0
Reviews
$500
Min. deposit
1:300
Max. shoulder
Spread
249.8
Rating
80 11 1
Reviews
$1
Min. deposit
1:400
Max. shoulder
Spread
248.2
Rating
13 0 0
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
243
Rating
0 1 0
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
241
Rating
0 2 0
Reviews
$0
Min. deposit
1:200
Max. shoulder
Spread
238
Rating
1 0 0
Reviews
$1
Min. deposit
1:200
Max. shoulder
Spread
238
Rating
0 0 2
Reviews
$200
Min. deposit
1:200
Max. shoulder
Spread
238
Rating
0 2 0
Reviews
$100
Min. deposit
1:1000
Max. shoulder
Spread
237
Rating
0 0 0
Reviews
$0
Min. deposit
1:0
Max. shoulder
Spread
236
Rating
0 1 0
Reviews
$300
Min. deposit
1:400
Max. shoulder
Spread
219
Rating
0 1 1
Reviews
$1
Min. deposit
1:1000
Max. shoulder
Spread
212
Rating
1 1 1
Reviews
$20
Min. deposit
1:500
Max. shoulder
Spread
209
Rating
0 1 0
Reviews
$2500
Min. deposit
1:100
Max. shoulder
Spread
197
Rating
0 2 0
Reviews
$250
Min. deposit
1:200
Max. shoulder
Spread
192
Rating
0 0 2
Reviews
$250
Min. deposit
1:500
Max. shoulder
Spread
176
Rating
1 1 0
Reviews
$50
Min. deposit
1:1000
Max. shoulder
Spread
172
Rating
5 2 0
Reviews
$250
Min. deposit
1:400
Max. shoulder
Spread
169.4
Rating
47 12 8
Reviews
$1
Min. deposit
1:1000
Max. shoulder
Spread
169
Rating
1 0 1
Reviews
$1
Min. deposit
1:500
Max. shoulder
Spread
162
Rating
0 1 0
Reviews
$50
Min. deposit
1:500
Max. shoulder
Spread
158
Rating
0 2 0
Reviews
$10
Min. deposit
1:500
Max. shoulder
Spread
157
Rating
3 2 0
Reviews
$250
Min. deposit
1:500
Max. shoulder
Spread
152
Rating
1 0 1
Reviews
$1
Min. deposit
1:500
Max. shoulder
Spread
151
Rating
1 0 0
Reviews
$10
Min. deposit
1:500
Max. shoulder
Spread
149.2
Rating
5 2 0
Reviews
$1
Min. deposit
1:1000
Max. shoulder
Spread
148.4
Rating
3 1 0
Reviews
$30
Min. deposit
1:500
Max. shoulder
Spread
148
Rating
0 1 1
Reviews
$0
Min. deposit
1:1000
Max. shoulder
Spread
141
Rating
1 0 0
Reviews
$0
Min. deposit
1:50
Max. shoulder
Spread
131
Rating
0 0 0
Reviews
$250
Min. deposit
1:200
Max. shoulder
Spread

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What is a forex broker?

A Forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for "foreign exchange market," where currency pairs like EUR/USD, GBP/JPY, and others are traded. These brokers act as intermediaries between the retail trader and the interbank foreign exchange market, where large financial institutions trade currencies. They offer various tools and services such as leverage, technical analysis, and educational resources to help traders make informed decisions. Brokers generate revenue through spreads (the difference between the buying and selling price) and sometimes commission on trades. Their role is crucial in enabling individual traders to participate in the vast, 24-hour Forex market, which is otherwise dominated by large entities like banks and financial institutions.

What is Forex broker ranking 2024?

Forex broker rankings are systems that rate and compare Forex brokers based on various criteria such as reliability, trading conditions, customer service, and regulatory compliance. These rankings help traders and investors to choose a broker that best suits their trading needs and preferences. They typically consider factors like:

  • Regulatory Compliance: A broker's adherence to regulatory standards set by authorities like the FCA, CySEC, or ASIC is crucial for ensuring safety and fairness.
  • Trading Platforms and Tools: The availability and quality of trading platforms (like MetaTrader 4/5) and tools for analysis, trading, and risk management.
  • Spreads and Commissions: Costs associated with trading, such as spreads (difference between the buy and sell price) and any commissions charged.
  • Leverage and Margin Requirements: The degree of leverage offered and the associated margin requirements, which can impact the risk and potential return.
  • Customer Service: The quality and availability of support services, including responsiveness and language support.
  • Deposit and Withdrawal Options: Ease, speed, and cost of funding and withdrawing from an account.
  • Educational Resources: Availability of materials like tutorials, webinars, and articles for trader education.
  • Account Types and Minimum Deposits: Variety of account types offered and the required minimum deposits.

Brokers are then typically ranked in a list or given a score, aiding users in comparing and selecting a broker. Trade-Leader.com, for instance, provides such rankings, aiding users in making informed decisions when choosing a Forex broker.

How to choose a forex broker?

When choosing a Forex broker, it's essential to conduct thorough research. Utilize Trade-Leader.com to explore detailed broker reviews, comparing their strengths and weaknesses. Prioritize examining regulatory compliance, trading conditions, and customer support quality. Additionally, consider user feedback and ratings, as they offer real-life insights into the broker's reliability and performance. This due diligence will guide you towards a well-informed decision, aligning with your trading needs.

How to check regulated forex broker?

To verify a Forex broker's regulation, start by visiting their profile page on Trade-Leader.com. Look for the list of regulatory bodies overseeing the broker. Then, proceed to the websites of these regulatory organizations to find the broker’s registration or license information. This step is crucial to ensure that the broker’s license is current and has not been revoked, confirming their compliance with regulatory standards

How to Trade Forex Without a Broker?

Trading Forex without a broker is not typically recommended or feasible for most retail traders, as brokers provide essential access to the Forex market. They offer platforms, tools, and leverage necessary for trading. However, larger institutional traders or high-net-worth individuals might access the interbank market directly, but this requires significant capital and a network of banking relationships. For most individuals, using a reputable broker from platforms like our ranking is the practical and safer approach to Forex trading.

How to Pick a Forex Broker?

To effectively pick a Forex broker, it's vital to utilize comprehensive resources like Trade-Leader.com. Our brokers ranking offers in-depth research and comparisons of various brokers, highlighting key aspects such as regulatory compliance, trading conditions, platform features, and customer support. By exploring these detailed reviews and ratings on Trade-Leader.com, you can make an informed decision that aligns with your specific trading needs and preferences.

How our ranking works?

Which forex broker is the best?

Before being included in the list of the best brokers according to the Trade Leader website, the company passes moderation and parameter verification. Each parameter is assigned a certain number of points depending on its significance:

Forex broker parameter Number of points
Year of work 2 points
Support language 3 points
Payment system on input 3 points
Payment system for withdrawal 5 points
Currency of account 3 points
Demo account 5 points
bonuses, training, contests 10 points
Trading platform 15 points
The functionality of copying 20 points
ECN account availability 30 points
Scalping is allowed 40 points
The level of fee 0/20/50 points
The status of a reliable broker 30 points

For each positive review that has passed moderation, the broker is awarded 2 points, for each plus – 0.2 points, and for leaving a negative review, the broker is deducted 2 points.

Thus, using our independent rating of Forex brokers, you save your time and money. You no longer need to spend your time searching for reliable brokers and risk your funds by investing in little-known brokerage companies. On Trade-Leader you get already verified recommended brokers, thpositive reviews and formed TOP 10 brokers. Moreover, we are open to communication with our users, and are ready to listen to your comments and suggestions (to do this, go to Contacts and send an email to the email address specified there). We wish you successful trading!