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Welcome to ChartTrading AI

Your ultimate guide to finding the best forex brokers in the market.

Our website is designed to provide you with all the information you need to make an informed decision when choosing a forex broker. We have compiled a comprehensive list of the top forex brokers in the industry, including their features, fees, and regulations.

Our team of experts has carefully reviewed each broker, taking into account their reputation, platform, and customer service. We understand that choosing a forex broker can be a daunting task, which is why we have made it our mission to provide you with all the information you need to make an informed decision.

Browse through our website to find the best forex broker for you and start your trading journey today! Some of the top forex brokers listed on our website include:

Best Online Broker

Recommended for traders looking for broad market access and a professional trading environment

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Interactive Brokers Review Summary

Your ultimate guide to finding the best forex brokers in the market.

Our website is designed to provide you with all the information you need to make an informed decision when choosing a forex broker. We have compiled a comprehensive list of the top forex brokers in the industry, including their features, fees, and regulations.

Our team of experts has carefully reviewed each broker, taking into account their reputation, platform, and customer service. We understand that choosing a forex broker can be a daunting task, which is why we have made it our mission to provide you with all the information you need to make an informed decision.

Browse through our website to find the best forex broker for you and start your trading journey today! Some of the top forex brokers listed on our website include:

Interactive Brokers Main Highlights

Interactive Brokers Pros and Cons

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading.

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eToro Review Summary

eToro is an excellent choice for those interested in low-cost trading of stocks, CFDs, forex and cryptos on an outstanding mobile app. eToro offers free stock and ETF trading, easy account opening, and one of the best crypto selections in the industry. Its biggest appeal is copy trading, where you can track the trades and portfolios of other users. eToro’s trading platforms are intuitive and easy to use, making it suitable for beginners. Still, there are areas where eToro disappoints, including high non-trading fees (for withdrawal and currency conversion), inflexible account plans and elusive customer service.

eToro main highlights

eToro Pros and Cons

Recommended for investors and traders looking for a great trading platform and solid research.

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Saxo Bank Review for 2023

We gave Saxo Bank an overall score of 4.8 / 5 as it is one of the best forex brokers in the world. Additionally, Saxo clients can trade all the other important asset types. The high minimum deposit requirement of $500-$2.000 may prove a limiting factor for beginners and those on a tighter budget. Saxo Bank’s forex and mutual fund fees are low, other fees are average to high. Saxo is not recommended for buy and hold investing because it charges inactivity and custody fees.

Saxo Bank main features and highlights

Admirals (Admiral Markets) Review Summary

Admirals is a global forex and CFD broker, which is regulated by several authorities, including the top-tier FCA and ASIC. Admirals charges low forex CFD fees. Deposit and withdrawal are fast and mostly free, and multiple options are available including credit/debit cards and electronic wallets. Account opening is also fast and user-friendly. On the flip side, the broker has a limited product portfolio as it mostly offers CFDs; although real stocks and ETFs are also available for some clients. Customer support is not available 24/7, and there is also an inactivity fee. BrokerChooser gave Admirals (Admiral Markets) a 4.7/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for forex traders who are familiar with MetaTrader trading platforms.

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81% of retail CFD accounts lose money

Admirals (Admiral Markets) Pros and Cons

Admirals (Admiral Markets) main highlights

IG Review Summary

IG is a CFD and forex broker. IG has a well-designed and user-friendly web trading platform that is easy to customize. You will find many useful educational tools on the website. Funding and withdrawing money is easy and there are multiple options. On the other hand, IG's trading fees are high for stock CFDs. The product portfolio is limited, as in most countries IG offers only CFD and options trading. Customer support could be better. BrokerChooser gave IG a 4.6/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for traders of any experience level looking for an easy-to-use trading platform.

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79% of retail CFD accounts lose money

IG Pros and Cons

IG main highlights

Capital.com Review Summary

Capital.com is aimed squarely at CFD traders. In addition to being regulated by several top-tier authorities worldwide, Capital.com's real value proposition lies in its low fees for trading forex and stock CFDs. We were impressed by the fast and seamless account opening at Capital.com, which we rated as one of the best in the industry. Customer support is equally exceptional. Capital.com is overseen by 2 top-tier regulators (the FCA in the UK and ASIC in Australia) and provides negative balance protection to all its clients.

Recommended for investors and CFD traders looking for a great trading platform and excellent customer service

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Capital.com main features and highlights

Tickmill Review Summary

Tickmill is a low-cost forex and CFD broker. Tickmill has low forex and non-trading fees. Account opening is fast, easy and fully digital. You can use many options for deposit and withdrawal, and they're all free of charge. On the negative side, trading platforms provided by MetaTrader come with an outdated design and a poorly-structured news feed. BrokerChooser gave Tickmill a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for forex traders looking for low fees who are familiar with the MetaTrader 4 platform.

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76% of retail CFD accounts lose money

Tickmill Pros and Cons

Tickmill main highlights

Oanda Review Summary

Oanda is a US forex broker. Oanda offers high-quality and easy-to-use trading platforms, and its research tools are also powerful, with numerous technical indicators and a great API offer. The account opening process is user-friendly and quick. On the downside, Oanda has a limited product portfolio, as you can trade only forex and CFDs. It is not listed on a stock exchange and doesn't have a banking background, two factors that could boost its safety qualification. In addition, customer support is only available 24/5. BrokerChooser gave Oanda a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for forex traders who value a user-friendly platform and great research tools.

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78.3% of retail CFD accounts lose money.

Oanda Pros and Cons

Oanda main highlights

MEXEM Review Summary

Mexem is an European-based global stockbroker for traders and investors. MEXEM has low stock and ETF commission fees. Thanks to its link to Interactive Brokers, MEXEM covers a vast range of markets and products, and offers a multitude of great research tools on its sophisticated trading platforms. Partly because of that, though, we recommend this broker mainly for advanced traders, as the desktop trading platform isn't the easiest to use. Among other drawbacks, forex and margin rates are high. BrokerChooser gave MEXEM a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for investors and traders looking for low fees and sophisticated trading platforms.

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MEXEM Pros and Cons

MEXEM main highlights

IC Markets Review Summary

If low-cost forex/CFD trading is all you’re after and you’re not very picky about your choice of platform, Australia’s IC Markets is a worthy option. It has a competitive product selection that includes crypto; and a flexible fee structure offering very tight spreads with a reasonable commission. You can set up your account in no time and enjoy various deposit and withdrawal options, all free of charge. IC Markets is not recommended for long-term investors, as you can’t trade stocks, ETFs or funds. The MetaTrader platform used by IC Markets has its limitations in design and functionality but will be familiar to many forex traders.

Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options.

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74.32% of retail CFD accounts lose money

IC Markets Pros

IC Markets Cons

Swissquote Review Summary

Swissquote is a Swiss online broker with a banking license. Swissquote offers access to many markets around the world. It charges no inactivity fee. As a listed Swiss broker with a banking background, Swissquote scores high on safety. It is a good choice for beginner investors. Swissquote has high fees. Its selection of multiple trading platforms is a bit overwhelming, and some of its research tools are not free of charge. BrokerChooser gave Swissquote a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for affluent investors who value safety and are OK with higher fees.

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Swissquote Pros and Cons

Swissquote main highlights

Nextmarkets Review Summary

nextmarkets is an online broker providing CFD and real stock, ETF trading. nextmarkets offers commission-free real stocks and ETFs and has low CFD fees. The account opening is straightforward, quick and fully online. Email and phone customer support are fast and offer helpful answers. It is a good choice for beginner investors. On the negative side, nextmarkets only offers EUR and GBP (for UK clients) accounts. In addition, educational tools are limited solely to texts, and nextmarkets offers no fundamental data or market news to aid your trading decisions. BrokerChooser gave nextmarkets a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for traders and investors looking for low fees.

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52.55% of retail CFD accounts lose money.

Nextmarkets Pros and Cons

Nextmarkets main highlights

Lowest Spread Forex Broker

Fusion Markets Review Summary

Fusion Markets is an Australian discount forex broker founded in 2010. It is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform.

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74-89% of retail CFD accounts lose money.

Fusion Markets Pros and Cons

Fusion Markets has low trading and non-trading fees and the account opening is easy and fast. The broker operates a great customer service that provides fast and relevant answers.
On the negative side, educational tools consist only of a demo account, there are no videos or articles. The product portfolio includes only forex, CFDs and crypto. Lastly, there is no investor protection.

Fusion Markets main features and highlights

Pepperstone Review Summary

Pepperstone is an online broker providing CFD and real stock, ETF trading. Pepperstone offers commission-free real stocks and ETFs and has low CFD fees. The account opening is straightforward, quick and fully online. Email and phone customer support are fast and offer helpful answers. It is a good choice for beginner investors. On the negative side, Pepperstone only offers EUR and GBP (for UK clients) accounts. In addition, educational tools are limited solely to texts, and Pepperstone offers no fundamental data or market news to aid your trading decisions. BrokerChooser gave Pepperstone a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Pepperstone is an Australian forex broker that also offers CFDs.

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52.55% of retail CFD accounts lose money.

Pepperstone Pros and Cons

Pepperstone main features and highlights

City Index Review Summary

City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. City Index has low forex trading fees, and non-trading fees, like withdrawal fees, are also low. Account opening is fast and smooth and a wide range of high-quality research tools are available. City Index provides only forex, CFDs and crypto trading. The fees for stock CFDs are high and the desktop trading platform is not user-friendly. BrokerChooser gave City Index a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for forex and CFD traders looking for low forex fees and great research tools.

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75% of retail CFD accounts lose money.

City Index Pros and Cons

City Index main highlights

CMC Markets Review Summary

CMC Markets is a UK-based global CFD and forex broker, regulated by multiple top-tier authorities including the UK FCA. CMC Markets has low forex fees, and there is no charge for most deposit and withdrawals options. The web and mobile trading platforms are well-designed, highly customizable and rich with features such as an advanced order panel. Research and educational tools are also wide-ranging and sophisticated. On the downside, stock CFD fees are high. The product portfolio covers only CFDs (forex, indices, commodities, shares, ETFs, bonds, crypto - except for UK clients). Customer service, while helpful, is available only 24/5 (from Sunday nights through to Friday night). BrokerChooser gave CMC Markets a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for forex and CFD traders looking for an advanced trading platform with many research tools.

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76% of retail CFD accounts lose money.

CMC Markets Pros and Cons

CMC Markets main highlights

ActivTrades Review Summary

ActivTrades is a UK CFD and forex broker. ActivTrades has low trading fees. The account opening process is excellent and deposits and withdrawals are free. On the negative side, ActivTrades's product portfolio is slim and its research tools are basic. Also, there is a currency conversion fee and an inactivity fee. BrokerChooser gave ActivTrades a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for forex and CFD traders looking for low fees and great deposit/withdrawal conditions.

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74-85% of retail CFD accounts lose money.

ActivTrades Pros and Cons

ActivTrades main highlights

XM Review Summary

XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC. XM has low stock CFD and withdrawal fees. Account opening is user-friendly and fast. You can use many educational tools, such as webinars and a demo account. On the other hand, XM has a limited product portfolio as it offers mainly CFDs and forex trading. Its forex and stock index CFD fees are average, and there is no investor protection for clients onboarded outside the EU. BrokerChooser gave XM a 4.4/5 rating based on analyzing 500+ criteria and testing via opening a live account.

Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.

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74.89% of retail CFD accounts lose money.

XM Pros and Cons

XM main highlights

Axi Review Summary

Australia-based Axi is a low-cost forex broker ideal for those who need some extra tools to build their trading strategies. It has low forex fees and a great forex pair selection, compensating for a less impressive CFD lineup. Opening an account is easy and no minimum deposit is required. You can choose from many account base currencies, which can save you conversion costs. Like most competitors, Axi uses the well-known MetaTrader 4 trading platforms, but it offers copy trading and some additional analytical tools for those who like to experiment with their strategies.

Recommended for forex traders familiar with the MetaTrader 4 platform.

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73.9% of retail CFD accounts lose money.

Axi Pros and Cons

Axi main highlights