Best Forex Brokers

There are hundreds of forex brokers ready to help you, but which one should you choose? It depends on where you are in your trading career, the type of markets you would like to trade, the spreads you would like to pay. If you are a desktop or mobile trader, and the kind of security of fund you seek. It is easy to complicate the situation further, so we have taken the effort away by reviewing some of the world’s best forex brokers.

Forex Brokers





ATFX UK (AT Global Markets (UK) Limited) is a renowned and trusted online CFD and FX broker based in the UK. Since its introduction, it has gained popularity among beginners and experienced traders due to its dedication to meeting the varying needs of various groups of traders. Its operations are geared towards the principles of trustworthiness and reliability.

  • An award-winning broker with over 200 asset offerings
  • Competitive spreads starting off as low as 0.6 pips
  • Free premium course
  • Access to free daily analysis

Trading 212

Trading 212 is a brokerage offering access to CFDs, cryptocurrencies, and FX instruments. Based in London and established in 2004,  the company prides itself in being a disruptor in the fintech industry.  According to their website, it is the first one to commission-free stock trading services in the UK and the rest of Europe. Keep on reading to learn more about them in our Trading 212 review. 

  • Trading of real stocks and ETFs are free of commission-charge.
  • Fractional shares
  • Opening an account is quick and convenient.
  • The trading platform has great functionality and is intuitive.
  • The platform does not offer advanced and complex features that are available on MT5.


BDSwiss is a Switzerland-based CFD and FX broker that commenced its operations in 2012. It is licensed in the U.S. by the National Futures Association, FSC, and CYSEC in the EU. It has several group companies that include BDS Markets, BDSwiss GmbH, BDSwiss LLC, and BDSwiss Holding PLC. While its website appears in English as the default language, international customers can select from one of the numerous available languages.

  • Comprehensive education resources that include frequent webinars
  • Easily accessible and responsive customer support system
  • Trading conditions and platforms that are apt for traders of all experience levels
  • Costs of trading and non-trading fees are higher than your typical broker.


avatrade logo

AvaTrade is one of the popular CFD and FX brokers globally. One of the aspects that have contributed to its popularity is its comprehensive licensing and regulation. It is regulated by various bodies in different countries; an aspect that strengthens its image as a reliable and competent broker. However, they are not regulated in probably the most important country: the UK.

  • A free demo account whose opening process is straightforward
  • Copy trading, many platform options
  • Has over 200 asset offerings, however, it is less than other brokers.
  • Regulated in many parts of the world but not by the UK FCA.

IC Markets

IC Markets is a licensed broker that allows traders from different parts of the world to trade in various asset classes including FX, commodities, stocks, bonds, futures, cryptocurrencies, indices, and precious metals. It has competitive spreads although its commissions are higher than those of its competitors making them expensive. A major downturn is that they lack FCA regulation, and if you visit their main page from the UK you will end up on their offshore entity. Keep on reading our IC Markets review to figure out if this broker is for you. 

  • Free demo account
  • Several payment methods
  • Has a higher minimum deposit requirement than its competitors
  • Not regulated in the UK, and does not have a UK office.


In our Plus500 review, you will learn that Plus500 is a well-established broker that is licensed and authorised by regulatory bodies in several jurisdictions. The company is listed in London. As such, traders can trade with this company without worrying about the safety of their funds. Its main feature is that it is a platform that is easy to use, and in the past, it was easy to open an account with them.

Nonetheless, Plus500 has certain features that work against it in terms of enhancing its competitiveness in the market. To start with, it does not offer renowned trading platforms like MT4 or MT5. While its proprietary platform is easy for novice traders to use, it would be good for the company and traders alike to have popular options such as MT4 or MT5.

  • Its proprietary trading platform is easy for novice traders to use
  • Licensed and authorised by regulatory bodies in several jurisdictions
  • No commission per trade
  • No customer care hotline

London Capital Group

London Capital Group (LCG) is a licensed CFD broker that deals in various financial instruments and a leverage of up to 30:1. While it operates in various countries across the globe, clients from certain nations like Singapore, the United States, Australia, New Zealand, Belgium, and Canada cannot access its services. In terms of its fees, it has competitive spreads and commissions although its spreads and additional fees are not among the lowest in the market.

  • Free demo account
  • Offers ETFs and bonds
  • Leverage of up to 30:1
  • Higher spreads compared to its competitors

Hargreaves Lansdown

Hargreaves Lansdown is a well-established UK stockbroker that offers holistic investment services. It is regulated by FCA and is listed on the London Stock Exchange. As such, if you are considering investing with them, you can be sure that you are working with a reputable and reliable establishment. With reference to trading, it allows its clients to trade an array of financial instruments and conduct spread betting. While their spreads and additional fees are not the lowest in town, they are competitive.

  • A responsive customer care team
  • Comprehensive educational resources
  • Does not offer copy trading
  • Only offers GBP as its account currency
  • Does not offer MT4 or MT5 trading platform