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Top Ten Forex Brokers List

The top ten forex brokers list is made up of all the relevant information from the website for each listed broker. Typical spread values ​​are shown in lieu of the minimum spread, as this is a more accurate representation of what the typical trader will have to pay. All spread values ​​are variable and based on each broker’s recent trading activity. The typical spread has different values ​​depending on the currency pair or financial product being traded, so the numbers provided are based on the major currency pairs or “majors” unless otherwise specified. The largest are EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF and USD/CAD. It is important to note that when looking at maximum leverage amounts, the US only allows up to 50:1 leverage and Japan allows up to 25:1 leverage.

  1. divisas.com
    • Office rental: United States, United Kingdom, Australia, Hong Kong, Japan, and South Korea
    • smeared: 1.2 – 2 pips in majors, 35 in gold (XAU/USD) and 3.6 in silver (XAG/USD)
    • Commission: Nope
    • minimum deposit required: US Resident $500, CA$1000, AU$300, UK £250
    • minimum trade: 1,000 units (micro lot), 1 unit (oz) of gold, 50 units (oz) of silver
    • Maximum Leverage: 50:1 on major currency pairs, 20:1 on minor pairs and 1:1 on metals
    • Number of pairs traded: 49 currency pairs with gold and silver
    • business platform: MT4, ForexTrader Pro (50 pairs with gold and silver, minimum trade 10,000 units (mini lot))
    • mobile trading platform: Forex Trader Pro Mobile
    • Regulated by: CFTC, NFA, USSEC, IIROC, FSA, SFC, FCA, and ASICs
  2. United Kingdom
    • Venue rental: United Kingdom
    • smeared: 1.6 – 3.7 pips on majors (india forex trading is +0.2 pips, US +0.4, Middle East +0.5 and China +1.0), $0.40 in gold and $0.04 in silver
    • Commission: Nope
    • minimum deposit: $200 US for Micro MT4 or $500 US for Classic MT4
    • minimum trade: 1,000 units (micro lot), 1 unit (oz) of gold and 50 units (oz) of silver with MT4 Micro. 10,000 units (mini lot), 10 units (oz) of gold and 500 units (oz) of silver with MT4 Classic
    • Maximum Leverage: 500:1 on currency pairs, 200:1 on gold and silver
    • Number of pairs traded: 37 pairs with gold and silver
    • business platform: MT4 Micro and Classic (Micro has a limit of 2 standard open lot positions), MT5 (minimum spread is 0.8 to 1.6 pips on major currency pairs, maximum leverage is 50:1 on gold and silver)
    • mobile trading platform: MT4 and MT5 for iOS and Android
    • Regulated by: FCA
  3. oanda
    • Venue rental: New York, USA
    • smeared: 1.3 – 2.4 pips in majors
    • Commission: Nope
    • minimum deposit: No minimum deposit
    • minimum trade: 1,000 units (micro lot)
    • Maximum Leverage:50:1
    • Number of pairs traded: 62 pairs with gold and silver
    • business platform: MT4, fxTrade
    • mobile platform: Forex trading for iPhone, iPad and Android
    • Regulated by: CFTC, NFA, Monetary Authority of Singapore, IIROC, FCA and FSA
  4. FXCM
    • Venue rental: New York, USA
    • smeared: 1.4 – 1.7 pips in majors
    • Commission: Yes. Commission charged to accounts that qualify to trade with the lowest margins available at FXCM
    • minimum deposit: £50 – you can also fund the account with Euros, US Dollars, Canadian Dollars, New Zealand Dollars, Australian Dollars or Yen
    • minimum trade: 1,000 units (micro lot)
    • Maximum Leverage:200:1
    • Number of pairs traded: 56 currency pairs
    • business platform: MT4, trading station
    • mobile trading platform: Mobile trading station
    • Regulated by: CFTC, NFA, FSA, ASIC and SFC
  5. ironFX
    • Venue rental: United Kingdom
    • smeared: 0.9 – 1.5 pips in majors, $0.50 US in gold, $0.04 US in silver
    • Commission: Nope
    • minimum deposit: $500 USD or equivalent value in EUR, GBP, AUD, JPY, CHF, PLN or HUF
    • minimum trade: 1000 units (micro lot) in currency pairs, 50 units (oz) in silver, 1 unit (oz) in gold
    • Maximum Leverage: 500:1 on currency pairs, 100:1 on gold and silver
    • Number of pairs traded: 68 currency pairs with gold and silver
    • business platform: MT4, MT5, WebTrader, Personal Multi-Account Manager, MultiTerminal
    • mobile trading platform: BlackBerry Trader, MT4 (iPhone, iPad, Android), MT5 (iPhone, iPad, Android), MT4 Mobile Trader, MT4 Smartphone Trader
    • Regulated by: FCA, ASIC, FSP, CRFIN, Cy.SEC and MiFID
  6. FXPro
    • Venue rental: United Kingdom
    • smeared: 1.5 – 2.7 pips in majors, $0.50 per ounce in gold and $0.04 per ounce in silver, €0.80 per ounce in EUR/Gold and €0.06 per ounce in EUR/Silver
    • Commission: Nope
    • minimum deposit: $500 USD or equivalent in EUR, GBP, CHF or JPY (credit/debit deposits subject to 1.6% processing fee)
    • minimum trade: 10,000 units (mini lot) or 1,000 units (micro lot) with the use of Expert Advisors, 10 units (oz) of gold, 500 units (oz) of silver
    • Maximum Leverage:500:1
    • Number of pairs traded: 72 pairs with gold and silver
    • business platform: MT4, cTrader
    • mobile trading platform: MT4 mobile, cTrader mobile web
    • Regulated by: FCA and Cy.SEC
  7. IBFX
    • Venue rental: USA
    • smeared: 1.88 – 2.69 pips in majors
    • Commission: Nope
    • minimum deposit: No minimum deposit
    • minimum trade: 100 units (nano lot) with MT4 Mini, 1000 units (micro lot) with MT4 Standard
    • maximum leverage:50:1
    • Number of pairs traded: 24 currency pairs
    • business platform: MT4 Mini and Standard, Tradestation
    • mobile trading platform: MT4 Metacites
    • Regulated by: CFTC and NFA
  8. AVA trade
    • Venue rental: Ireland
    • smeared: 1.6 – 3.1 pips in majors with floating FX account available with MT4, $0.47 per ounce in gold, $0.04 per ounce in silver, $0.04 per barrel in oil
    • Commission: Nope
    • minimum deposit: 100 US dollars / 100 euros / 100 British pounds / 100 Australian dollars / 100,000 yen
    • minimum trade: 1,000 units (micro lot) of currency pairs, 1 unit (oz) of gold, 100 units (oz) of silver, 10 units (barrel) of oil
    • Maximum Leverage: 400:1 in currency pairs, 200:1 in gold, 50:1 in silver, 100:1 in oil
    • Number of pairs traded: 49 currency pairs with gold, silver and oil
    • business platform: MT4, AVA Trader (Fixed FX account for 3 – 4 pip spreads on major currency pairs, 200:1 max leverage), AVA Options, Web Trading
    • mobile trading platform: MT4 Mobile, AVA Mobile
    • Regulated by: FSA, ASIC, Central Bank of Ireland and British Virgin Islands Financial Services Commission
  9. Swissquote / ac-markets.com
    • Venue rental:Swiss
    • smeared: Minimum 2.5 – 4 pips in majors. Typical spread values ​​not found
    • Commission: Nope
    • minimum deposit: 1,000 US dollars
    • minimum trade: 1,000 units (micro lot) in currency pairs, 1 unit (oz) of gold, 1 unit (oz) of silver, 1 unit (barrel) of oil
    • maximum leverage:100:1
    • Number of pairs traded: 71 currency pairs with gold, silver and oil
    • business platform: MT4, web trader 2, advanced trader
    • mobile trading platform: mobile merchant
    • Regulated by: FINAMA
  10. Mercados.com
    • Venue rental: Cyprus
    • smeared: 3 – 4 pips in majors
    • Commission: Nope
    • minimum deposit: $100/ €100/ £100 with a Classic account, $2,500/ €2,500/ £2,500 with a Standard account
    • minimum trade: 1,000 units (micro lot)
    • Maximum Leverage:200:1
    • Number of pairs traded: 51 currency pairs
    • business platform:MT4
    • mobile trading platform: Mobile Market Trader
    • Regulated by: Cy.SEC, FCA, EU Regulators as follows: BdF (France), CONSOB (Italy), CNMV (Spain), AFM (Netherlands), BaFin (Germany), FI (Sweden), Danish FSA, PSZAF ( Hungary), NBS (Slovakia), CNB (Czech Republic) and FSB of South Africa

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