23 Best Forex Broker: Top Trading Platforms in 2025

How to Choose the Best Forex Broker in 2025

The following factors should guide your decision-making process when choosing a forex broker.

• Regulation: Choose brokers regulated by trusted authorities like FCA, ASIC, or CySEC for a secure trading environment.

• Trading Costs: Opt for low spreads, transparent commissions, and minimal fees to keep more profits.

• Platform Features: Ensure the platform is user-friendly and offers advanced tools like charts, indicators, and real-time data.

• Leverage Options: Look for flexible leverage tailored to your trading experience and risk level.

• Deposits & Withdrawals: Check for fast, secure, and convenient payment methods with no hidden fees.

• Customer Support: Reliable 24/7 support via live chat, email, or phone is essential.

• Education Resources: Brokers offering tutorials, webinars, and analysis tools are great for learning.

• Asset Variety: Choose brokers with a wide range of instruments, including forex, commodities, and stocks.

• Account Types: Look for diverse account options and minimum deposits that suit your budget.

• Execution Speed: Prioritize brokers with fast and reliable trade execution to avoid slippage.

• Fund Security: Ensure segregated accounts and insurance protection for your funds.
   

The 23 Best Forex Brokers of 2025

Here’s a detailed look at the 23 best forex brokers of 2025, highlighting their key features, benefits, and what makes them stand out in the competitive forex market.
 

XS.com

At XS.com, we pride ourselves on being a trusted global multi-asset forex broker, catering to both beginner and professional traders. Since our inception in 2010 as a liquidity provider in Australia, we have grown into a comprehensive brokerage, serving clients worldwide.

With operations spanning regions like Cyprus, Seychelles, and the MENA area, we strive to provide a secure and seamless trading experience for all.

Key Features

• Global Presence: Operating in multiple regions, including Cyprus, Seychelles, and the MENA region.

• Regulation: Licensed by ASIC, CySEC, FSA, LFSA, and FSCA for secure trading.

• Account Options: Cent, Standard, Pro, Elite, and VIP accounts are available on MT4 and MT5 platforms.

• Dynamic Leverage: Offers up to 1:2000 leverage with adjustable levels for risk management.

• Wide Asset Range: Trade forex, commodities, crypto, indices, metals, and more.

• Insurance Coverage: Lloyd’s of London-backed protection up to $5,000,000.

Pros

• Highly regulated and trustworthy.

• Multiple account types for beginners and professionals.

• Advanced security protocols, including segregated accounts.

• Multilingual 24/7 customer support in 11+ languages.

• Low minimum deposit (as little as $15) and flexible funding options.

Cons

• Not available in the USA, North Korea, or Iran due to regional restrictions.

• Limited proprietary platform options (only MT4 and MT5).
   

IG Trading Platform

IG is a globally renowned multi-asset broker, offering an extensive range of markets, industry-leading tools, and educational resources, making it one of the best forex brokers in 2025. Established in 1974 and publicly traded, IG provides a secure and feature-rich trading environment suitable for both beginner and advanced traders.

Key Features

• Extensive Market Access: Over 19,000 tradeable instruments, including forex, CFDs, indices, and shares.

• Regulated and Trusted: Licensed in eight Tier-1 jurisdictions with a Trust Score of 99/99.

• Innovative Platforms: Award-winning proprietary web and mobile platforms alongside MetaTrader 4 and ProRealTime.

• Advanced Tools: Integrated risk management, Autochartist, and trading signals.

• Education and Research: Comprehensive learning resources and market analysis tools.

Pros

• Industry-leading platforms with superior charting and trading tools.

• Extensive investment options, including listed derivatives and share dealing.

• Highly regulated, offering exceptional security and trustworthiness.

• Competitive pricing for active and professional traders.

• Multilingual customer support and easy-to-navigate interfaces.

Cons

• Limited MetaTrader 4 offerings with fewer tradeable symbols.

• MT5 platform is not yet available.

• High initial deposit requirement (~$300).
   

Interactive Brokers

Interactive Brokers (IBKR) is a top choice for experienced traders seeking a professional trading platform. With access to global markets and advanced tools like Trader Workstation (TWS), it’s perfect for active and institutional traders. However, its platforms can be complex and challenging for beginners.

Key Features

• Global Market Access: Trade across 150 markets in 34 countries with over 8,500 symbols.

• Regulated and Trusted: Licensed in nine Tier-1 jurisdictions with a Trust Score of 99/99.

• Advanced Platforms: Offers Trader Workstation (TWS), IBKR Desktop, and web-based Client Portal for trading.

• Flexible Pricing: Low commission rates with discounts for high-volume traders.

• Diverse Assets: Forex, stocks, options, futures, cryptocurrencies, and more.

• Rich Research: 176 services from 70 providers, including Trading Central and Reuters.

Pros

• Extensive global market coverage.

• Highly trusted, publicly traded, and well-capitalized.

• Advanced tools for professional and algorithmic traders.

• No minimum deposit requirement for most accounts.

• Educational resources for skill-building.

Cons

• Platforms like TWS may be too complex for beginners.

• No MetaTrader 4 or MetaTrader 5 support.

• $2 minimum commission per side for smaller forex trades.
   

eToro

eToro is a top choice for traders who value simplicity, social trading, and access to a diverse range of assets. With an intuitive platform and innovative copy trading features, it caters to beginners and casual investors. Founded in 2007, eToro is regulated in three Tier-1 jurisdictions and offers a highly trusted trading experience.

Key Features

• Social and Copy Trading: Copy trades from top investors or share your strategies to earn perks.

• Wide Asset Range: Over 5,000 symbols, including CFDs, forex, stocks, and cryptocurrencies.

• User-Friendly Platform: Easy-to-use web and mobile platforms designed for beginners.

• Comprehensive Education: eToro Academy offers videos, courses, and webinars for all skill levels.

• Regulation and Security: Licensed by ASIC, FCA, and MiFID with insurance coverage up to €1 million.

Pros

• Best in class for social and copy trading.

• Beginner-friendly platforms with strong mobile integration.

• VIP perks for high-tier members and active traders.

• Expanding range of cryptocurrencies and spot Bitcoin ETFs.

• Enhanced research tools, including Trading Central and sentiment data.

Cons

• Higher trading costs compared to some competitors.

• Limited support for algorithmic and technical trading strategies.

• Research tools are restricted to higher-tier members.
   

Saxo

Saxo is a multi-asset broker known for its premium trading experience and extensive market access, making it one of the best forex brokers in the industry.

Offering over 70,000 tradeable instruments and cutting-edge platforms like SaxoTraderGO and SaxoTraderPRO, Saxo stands out as a top-rated forex trading platform for active and professional traders.

Key Features

• Vast Market Access: Access over 70,000 instruments, including forex, CFDs, stocks, ETFs, and crypto derivatives.

• Advanced Platforms: SaxoTraderGO (web) and SaxoTraderPRO (desktop) provide powerful tools for professional trading.

• Global Regulation: Trusted by traders worldwide, regulated by ASIC, FCA, MAS, and five other Tier-1 authorities.

• Flexible Account Options: Classic, Platinum, and VIP accounts tailored to traders’ needs, with competitive pricing.

• Comprehensive Research: Includes Autochartist tools, daily insights, geopolitical coverage, and quarterly reports.

Pros

• Exceptional platform usability with advanced charting and trading tools.

• Unmatched market access with 190 forex pairs and diverse instruments.

• Highly trusted broker with robust regulation and security measures.

• VIP accounts offer exclusive perks and competitive pricing.

• Extensive research and educational resources for informed trading.

Cons

• High minimum deposits for Platinum ($200,000) and VIP ($1,000,000) accounts.

• SaxoTraderPRO requires time for customization and lacks predefined layouts.

• Limited availability of crypto trading on physical assets (crypto derivatives only).
   

CMC Markets

CMC Markets is globally trusted and is among the best forex brokers in 2025. It is known for its low-cost trading, excellent research, and innovative tools. Founded in 1989 and regulated by five Tier-1 jurisdictions, CMC Markets offers nearly 12,000 tradeable instruments and delivers an exceptional trading experience through its proprietary Next Generation platform.

Key Features

• Extensive Market Access: Over 11,900 instruments, including forex, CFDs, indices, and crypto derivatives.

• Advanced Platforms: Next Generation platform and MetaTrader 4, equipped with powerful charting tools and research features.

• Regulation and Trust: Licensed in five Tier-1 jurisdictions, with a Trust Score of 99.

• Competitive Pricing: Tight spreads starting at 0.61 pips for EUR/USD, with active trader discounts.

• Research and Education: Comprehensive insights via CMC TV, Opto magazine, and trading strategies.

Pros

• Low trading costs and tight spreads for forex trading.

• Excellent platform with advanced tools and custom layouts.

• Rich research offerings, including videos, podcasts, and daily market analysis.

• No minimum deposit requirement for accounts.

Cons

• Fewer symbols available on MetaTrader 4 compared to the proprietary platform.

• Educational resources lack progress tracking and interactivity.

• No cryptocurrency trading for the underlying asset (crypto CFDs only).
   

FOREX.com

FOREX.com, backed by the publicly traded StoneX Group, is one of the best forex brokers for traders prioritizing platform quality, research, and education. With a Trust Score of 99 and access to over 5,500 tradeable symbols, FOREX.com combines reliability with a robust trading environment.

While pricing may not be the lowest, its advanced tools and award-winning Trading Academy make it a strong contender for traders at all levels.

Key Features

• Extensive Asset Range: Access to forex, CFDs, cryptocurrencies (via derivatives), and more across 5,500 symbols.

• Trusted Regulation: Licensed by seven Tier-1 authorities, including ASIC, MAS, and FCA.

• Comprehensive Platforms: Advanced Trading, Web Trading, and MetaTrader (MT4 & MT5) platforms with TradingView integration.

• Educational Excellence: Award-winning Trading Academy with interactive courses and progress tracking.

• Research and Analytics: Integrated tools like Market Buzz, Trading Central modules, and daily updates from in-house analysts.

Pros

• Strong regulatory backing and maximum Trust Score of 99.

• Robust platform suite featuring TradingView-powered charts.

• Excellent educational resources, including interactive courses and videos.

• No minimum deposit is required for U.S. clients.

Cons

• Spreads can be higher than some competitors.

• Fewer symbols are available on MetaTrader compared to FOREX.com's platforms.

• Stock and futures trading requires a different login on the StoneXone platform.
   

Pepperstone

Pepperstone stands out as one of the best forex brokers for traders looking for flexibility and cost-effectiveness. With no minimum deposit requirement and a variety of funding options, Pepperstone makes it easy for traders to get started.

Regulated across multiple jurisdictions, the broker prioritizes security and transparency while offering a smooth trading experience.

Key Features

• Zero Minimum Deposit: Traders can open an account without any initial deposit.

• Multiple Funding Options: Supports credit/debit cards, bank transfers, and e-wallets like PayPal, Neteller, and Skrill.

• Global Regulation: Licensed by ASIC (Australia), FCA (UK), CySEC (EU), and more for a secure trading environment.

• Wide Currency Support: Deposits accepted in major currencies like USD, EUR, GBP, AUD, and others.

• Safety Measures: Client funds are held in segregated accounts with negative balance protection (UK/EU).

Pros

• No minimum deposit is required to start trading.

• Free deposits with multiple convenient funding methods.

• Accepts deposits in several major currencies.

• Regulated by top-tier authorities for enhanced security.

Cons

• Currency conversion fees may apply.

• Limited cryptocurrency payment options compared to competitors.

• Bank transfers can take up to 7 days to process.
   

Exness

Exness is a globally recognized multi-asset broker offering advanced trading solutions, competitive pricing, and a secure trading environment. With cutting-edge infrastructure and a wide range of assets, Exness is designed for experienced traders looking for flexibility and reliability.

Key Features

• Low Trading Fees: Spreads start at 0.0 pips on Raw Spread accounts, with minimal commission costs.

• Advanced Trading Platforms: Supports MT4, MT5, Exness Terminal, and the Exness Trade App for mobile users.

• Flexible Leverage: Offers leverage up to 1:unlimited (depending on jurisdiction) with negative balance protection.

• Diverse Asset Range: Trade forex, cryptocurrencies, commodities, and indices with over 100 instruments available.

• Instant Transactions: Most deposits and withdrawals are processed instantly for verified accounts.

• Strong Regulation: Overseen by multiple reputable regulators, including FCA, CySEC, and FSCA.

Pros

• Ultra-low fees on specific accounts.

• No internal fees for deposits or withdrawals.

• Wide range of account-based currencies supported.

• High-speed execution and low latency for trades.

• Comprehensive partnership and affiliate programs.

Cons

• Limited educational materials for beginner traders.

• Pro accounts require a higher minimum deposit ($200).

• Not available to traders in certain countries, including the U.S. and the U.K.
   

FxPro

FxPro offers a user-friendly trading experience with a low minimum deposit of $100, making it accessible for beginner and intermediate traders. With a range of payment methods and strong regulatory oversight, FxPro combines convenience, security, and robust trading tools for traders globally.

Key Features

• Minimum Deposit: $100, with flexibility for various account types.

• Deposit Methods: Bank transfers, credit/debit cards, and e-wallets (PayPal, Skrill, Neteller, UnionPay).

• Fund Security: Segregated accounts, SSL encryption, €20,000 compensation fund.

• Regulation: FCA (UK), CySEC (Cyprus), SCB (Bahamas), FSCA (South Africa), FSC (Mauritius).

• Trading Platforms: Supports MT4, MT5, and a proprietary platform with advanced features.

Pros

• Wide range of deposit methods with fast processing times.

• No internal fees for deposits.

• Offers Islamic swap-free accounts for eligible traders.

• Multi-currency support minimizes conversion fees.

• Strong regulatory compliance and fund security.

Cons

• Bank transfers may take up to 7 days to process.

• Currency conversion fees may apply depending on the payment method.

• Third-party fees from banks or e-wallet providers might occur.
   

City Index

Another one of the best forex brokers in 2025 is City Index. Part of the publicly traded StoneX Group, it is a highly trusted broker offering an extensive range of tradeable markets, robust trading platforms, and advanced research tools. With over 13,500 symbols available, it is well-suited for traders seeking versatility and a rich trading environment.

Key Features

• Minimum Deposit: £100, providing accessibility for most traders.

• Regulation: Authorized by seven Tier-1 regulators, including FCA, MAS, and CFTC.

• Trading Platforms: Proprietary Web Trader platform, mobile app, and MetaTrader 4.

• Tradeable Instruments: 13,500+ assets, including forex, CFDs, and cryptocurrencies (via CFDs).

• Innovative Tools: SMART Signals generates 200+ trading signals weekly.

Pros

• Highly regulated, offering a secure trading environment.

• Advanced trading tools like PlayMaker for risk management.

• Comprehensive proprietary platform with integrated research.

• Competitive spreads for active traders and Premium Trader perks.

• Award-winning mobile app with seamless user experience.

Cons

• MetaTrader 5 is unavailable, and the MT4 offering is limited.

• Research content lacks consistent video updates.

• Pricing, while competitive, falls behind some low-cost brokers.
   

IC Markets

IC Markets is a highly regarded broker offering robust trading platforms, tight spreads, and exceptional execution speeds, making it a preferred choice for forex traders worldwide.

Key Features

• Minimum Deposit: $200, suitable for a wide range of traders.

• Trading Platforms: Supports cTrader, MetaTrader 4, MetaTrader 5, and mobile apps.

• Account Options: Choose from cTrader, Raw Spread, and Standard accounts to match trading preferences.

• Wide Asset Range: Trade forex, commodities, indices, cryptocurrencies, and more.

• Deposit Methods: Includes credit/debit cards, PayPal, Skrill, Neteller, bank transfers, and cryptocurrency.

• Strong Regulation: Overseen by ASIC, CySEC, FSA, and other reputable regulators.

• No Deposit Fees: Deposits are free of internal charges across all methods.

Pros

• Extremely low spreads starting at 0.0 pips on Raw Spread accounts.

• Wide variety of flexible deposit options with multi-currency support.

• Advanced trading tools and fast execution speeds.

• Highly secure client funds in segregated accounts.

• Comprehensive educational resources and customer support.

Cons

• Bank wire transfers may take several days to process.

• $200 minimum deposit may be high for beginner traders.

• Currency conversion fees may apply for deposits in unsupported currencies.

• Verification process can be stringent and time-consuming.
   

XTB

XTB is a well-established multi-asset broker, recognized globally for its exceptional trading platform, xStation 5, and its extensive range of tradeable assets. Founded in 2002 and publicly traded, XTB offers a transparent and secure trading environment backed by Tier-1 and Tier-2 regulatory authorities.

Key Features

• Innovative Trading Platform: XTB’s proprietary xStation 5 platform offers advanced trading tools, an intuitive interface, and robust features for both desktop and mobile users.

• Diverse Asset Range: Access CFDs on forex, indices, commodities, cryptocurrencies, ETFs, stocks, and cash equities, with over 6,200 symbols available.

• Regulatory Compliance: Regulated by top-tier authorities such as the FCA (UK) and CySEC (Cyprus), ensuring strict adherence to safety and transparency.

• Zero Minimum Deposit: Start trading without a minimum deposit requirement, making XTB accessible for traders of all levels.

• Comprehensive Education: Features over 200 lessons in the Trading Academy, along with integrated tutorials and advanced educational videos.

• Mobile Trading: The xStation 5 mobile app provides a seamless trading experience with integrated research, watchlists, and charting tools.

• Customer Support: Offers multi-language support and 24/5 availability to assist traders worldwide.

Pros

• Publicly traded and highly regulated broker.

• Offers an innovative and powerful trading platform.

• Zero minimum deposit, allowing easy market access.

• Extensive educational materials for all experience levels.

• Transparent fee structure with competitive spreads.

Cons

• No MetaTrader (MT4/MT5) support.

• Advanced tools such as social trading are only available in limited regions (e.g., XTB Social is currently restricted to Poland).

• Limited integration of videos and other educational resources into a single cohesive library.
   

Octa

Octa is one of the best forex brokers with a low $25 minimum deposit. With multi-currency support, user-friendly platforms, and a transparent fee structure, Octa ensures a seamless trading experience. Its 50% deposit bonus further enhances trading capital, making it a preferred choice for traders globally.

Key Features

• Low Minimum Deposit: Trade with an initial deposit of just $25.

• Multi-Currency Support: Accepts deposits in USD, EUR, GBP, ZAR, and cryptocurrencies.

• Deposit Bonus: Offers a 50% bonus on every deposit, which can be withdrawn after fulfilling trading volume requirements.

• Secure Fund Management: Client funds are stored in segregated accounts for added safety.

• No Deposit Fees: Internal fees for deposits are waived, keeping costs low.

• Diverse Platforms: Compatible with OctaTrader, MetaTrader 4, and MetaTrader 5.

Pros

• Low minimum deposit allows easy market entry.

• Multi-currency support for flexible deposits.

• No internal deposit fees.

• 50% deposit bonus boosts trading capital.

• Funds kept in segregated accounts for security.

Cons

• Limited deposit methods compared to competitors.

• Withdrawal restrictions apply to bonus funds.

• Geographic limitations for certain deposit options.

• Potential currency conversion fees.
   

AvaTrade

AvaTrade is a globally trusted forex and CFD broker renowned for its diverse platform options, robust educational offerings, and copy trading features. With competitive spreads for professionals, a $100 minimum deposit, and strong regulatory oversight.

However, its research tools and retail pricing could be enhanced to compete with industry leaders.

Key Features

• Wide Platform Selection: Offers proprietary platforms (AvaTrade WebTrader, AvaOptions, AvaFutures) and MetaTrader (MT4/MT5).

• Copy Trading: Supports AvaSocial, ZuluTrade, and DupliTrade for seamless social trading experiences.

• Diverse Instruments: Trade 1,260+ symbols, including forex, CFDs, cryptocurrencies, and futures.

• Educational Excellence: AvaAcademy features video courses, articles, quizzes, and tutorials.

• Risk Management Tools: Includes AvaProtect and Guardian Angel for enhanced trading safety.

• Global Regulation: Licensed by Tier-1 regulators like ASIC, CIRO, and JFSA.

Pros

• Offers multiple trading platforms tailored to different trader types.

• Strong educational resources for beginner and advanced traders.

• Integrated tools from Trading Central for analysis and signals.

• Supports a wide range of tradable assets and options.

• Includes AvaProtect for partial trade risk hedging.

Cons

• Retail account pricing is average and less competitive than leaders.

• AvaOptions desktop platform has an outdated design.

• Inactivity fees of 50 units per quarter after 3 months of no trading.

• Some symbols are unavailable on MetaTrader and WebTrader platforms.
   

OANDA

Oanda is a reliable forex broker recognized for providing competitive spreads on Contracts for Difference (CFDs).

With over 100 trading instruments and a trust score of 98 out of 100, Oanda adheres to strict regulatory standards from multiple tier-1 authorities, ensuring a secure environment for both beginners and advanced traders.

Key Features

• Global Presence: Available to traders in numerous countries around the world.

• Regulation: Oversight from top-tier financial authorities including ASIC, BVI, CFTC, FCA, FFAJ, and more.

• Account Options: Choose from Standard, Core, or Premium accounts.

• Leverage: Offers up to 50:1 on Forex instruments (varies for others).

• No Minimum Deposit: Start trading with as little or as much as you prefer.

• Wide Range of Currencies: Over 80 base currencies for greater flexibility.

Pros

• Supervised by multiple renowned tier-1 regulators, ensuring safety and reliability.

• Competitive spreads and clear fee structures.

• No minimum deposit and multiple base currencies.

• Suited for novices while still offering advanced features for professionals.

• Trade Forex, CFDs on commodities, indices, and more.

Cons

• Some traders may prefer more extensive analytical resources.

• Primarily relies on MT4, MT5, and fxTrade for desktop and mobile trading.
   

Plus500

Plus500 is considered a low-risk forex broker, holding a Trust Score of 99 out of 100. Licensed by several tier-1 regulators, including the FCA and ASIC, it offers a single live account type and has recently added futures trading in the United States.

With a user-friendly platform and a wide range of tradable instruments, Plus500 appeals to traders looking for simplicity and robust regulatory compliance.

Key Features

• Strong Regulatory Standing: Overseen by tier-1 regulators (FCA, ASIC, CySEC, and others) and publicly listed on the London Stock Exchange.

• Diverse Product Range: Provides CFDs on forex, stocks, commodities, indices, plus share dealing and futures.

• User-Friendly Platform: Features an intuitive WebTrader and a mobile app compatible with iOS and Android.

• Client Fund Protection: Segregated accounts and negative balance protection to safeguard trader funds.

• Wide Reach: Operates in multiple countries and offers support in various languages.

Pros

• Rated 99 out of 100, reflecting low risk and reliability.

• No extra fees beyond the spreads.

• Fast registration with a minimum deposit of just $100.

• Accepts credit/debit cards, bank transfers, PayPal, Skrill, Neteller, and other e-wallets.

• Over 2,000 instruments, including forex, stocks, and commodities.

Cons

• Fewer in-depth tutorials and analysis tools compared to some competitors.

• Does not offer popular third-party platforms like MT4 or MT5.
   

Markets.com

Markets.com is considered one of the best forex brokers with a Trust Score of 98 out of 100. Licensed by three tier-1 and one tier-2 regulator, it provides a secure trading experience backed by robust oversight.

The broker caters to a global clientele, offering a single live trading account, user-friendly platforms (including MetaTrader 4, MetaTrader 5, and its proprietary software), and a range of CFDs across forex, stocks, commodities, indices, cryptocurrencies, and more.

Key Features

• Broad Regulatory Coverage: Regulated by ASIC, CySEC, FSCA, FCA, and BVI FSC.

• Diverse Instrument Range: Trade over 2,200 products, including major, minor, and exotic currency pairs.

• Multiple Platforms: Supports MetaTrader 4, MetaTrader 5, and an in-house Markets.com platform.

• Flexible Account Types: Offers a single live trading account (retail or professional) plus demo and Islamic account options.

• Accessible Minimum Deposit: Requires just $100 to get started.

• Leverage Options: Up to 1:30 for retail clients and as high as 1:300 for professional traders.

Pros

• Licensed by multiple respected authorities, emphasizing trader protection.

• Web-based, mobile apps, and MetaTrader options cater to different trading styles.

• 2,200+ products covering forex, shares, commodities, indices, cryptocurrencies, ETFs, bonds, and IPOs.

• Primarily charges spreads starting from 0.6 pips, with no additional commissions.

• Demo account, webinars, tutorials, and market analysis tools.

Cons

• Not fully available to U.S. residents due to regulatory constraints.

• Some assets may carry spreads above those found at select competitors.

• Charges $10 after 90 days of account inactivity.

• Does not currently offer social or copy trading features.
   

Charles Schwab

Charles Schwab is a U.S.-based financial institution and multi-asset broker with a strong global footprint. Renowned for its comprehensive range of products, including stocks, ETFs, options, futures, and bonds, Schwab also provides access to forex on its thinkorswim platform.

With a Trust Score of 99 out of 99 and regulatory oversight from five tier-1 authorities, Schwab stands out as a highly trusted broker.

Key Features

• High Trust Score: Holds trillions in assets and is regulated by five tier-1 regulators, including the FCA, CFTC, and MAS.

• Wide Product Range: Offers equities, ETFs, bonds, options, futures, and nearly 70 forex pairs (accessible through thinkorswim).

• No Minimum Deposit: Traders can begin with $0 for brokerage accounts (margin requirements apply for forex).

• thinkorswim Platform: Advanced charting, hundreds of indicators, algo-trading features, and robust order functionality.

• Global Access: Allows trading on local exchanges in 30+ countries through Schwab Global.

• Extensive Research & Education: Detailed market commentary, analyst insights, numerous podcasts, and daily live webinars.

Pros

• Listed on the NYSE (SCHW) with a longstanding reputation and a banking subsidiary.

• Banking, brokerage, and trading under a single login.

• From stocks and ETFs to forex and futures, catering to both beginners and professionals.

• Comprehensive fundamental and technical analysis, daily broadcasts, and a wide variety of courses.

• Hundreds of indicators and advanced functionality in thinkorswim (desktop, web, mobile).

Cons

• Forex-specific tools and research are mostly confined to the thinkorswim platform.

• Unlike many international brokers, Schwab does not offer CFD trading.

• Retail traders in Singapore are no longer serviced by Schwab (only accredited investors).

• EUR/USD spreads average around 1.35 pips, which can be costlier than industry averages.

• Missing automated signal services or copy trading features.

FXTM

FXTM (ForexTime) is a well-regulated global forex and CFD broker known for its strong trading execution, account variety, and multi-jurisdictional compliance. With over 3 million clients worldwide, FXTM caters to a wide spectrum of traders. While trading conditions and platform performance are strong, there’s room for improvement in customer service efficiency and educational resource updates.

Key Features

• Wide Account Variety: Offers Micro, Standard, Advantage, and Advantage Plus accounts, with options for commission-free or tight-spread trading, along with swap-free Islamic accounts.

• Multi-Platform Access: Supports MetaTrader 4, MetaTrader 5, FXTM Trader App, and WebTrader, ensuring broad compatibility across devices and user preferences.

• High Leverage Options: Up to 1,000:1 leverage available in unregulated regions for forex and crypto.

• Competitive Spreads and Fees: Advantage Account offers spreads from 0.0 pips with low commissions. Advantage Plus and Micro Accounts use wider spreads but no commission.

• Global Regulation: Regulated by top-tier bodies including the FCA (UK) and CySEC (Cyprus), as well as regional regulators like FSCA (South Africa), FSC (Mauritius), and CMA (Kenya).

Pros

• Multiple account types with tailored conditions for beginners, active traders, and professionals.

• Strong regulatory oversight in key jurisdictions (FCA, CySEC).

• Competitive spreads on Advantage accounts with commission-based pricing.

• Accepts a wide variety of fiat and crypto for deposits and withdrawals.

• Offers trading contests, referral bonuses, and regional promotions.

Cons

• Customer support for FXTM UK lacks live chat and relies on ticket systems.

• Educational content is outdated, with no recent webinars or updated training modules.

• FXTM UK account verification process can be delayed due to FCA compliance steps.

• Inactivity fee applies after 3 months of no trading.

• Retail clients face lower leverage in regulated regions compared to global clients.

• Promotions and available assets may vary significantly by region.

IronFX

IronFX is a long-established forex and CFD broker that appeals to day traders, algo traders, and social traders alike. Operating since 2010, the broker offers access to over 310 instruments via MetaTrader 4 and enhances performance through free VPS hosting and copy trading services. Regulated by the FCA (UK), FSCA (South Africa), and CySEC (Cyprus), IronFX supports flexible account types with commission-free trading.

Key Features

• Flexible Account Types: Choose between fixed or floating spread accounts, with most requiring no minimum deposit. PMAM accounts available for asset managers.

• VPS Hosting and MT4 Enhancements: Free VPS hosting and MT4 add-ons support automated and low-latency trading strategies.

• Social and Copy Trading: TradeCopier connects signal providers with followers via a performance-based leaderboard.

• Diverse Instruments: Offers over 310 tradable instruments including forex pairs, indices, commodities, share CFDs, and futures.

• Multi-Entity Regulation: Regulated by Tier-1 and Tier-2 bodies, including the FCA (UK) and FSCA (South Africa), with negative balance protection and segregated accounts.

Pros

• Offers both fixed and variable spread accounts.

• Free VPS for low-latency trading.

• Strong support for automated strategies through MT4 EAs.

• Copy trading system with leaderboards and performance filtering.

• Supports Cent accounts for EA testing and beginner trading.

• Zero deposit and withdrawal handling fees.

Cons

• Only supports MetaTrader 4; lacks platform variety (no MT5 or proprietary platforms).

• Spreads on popular instruments like EUR/USD and GBP/JPY are above the industry average.

• Limited product range—no real stocks, bonds, or Asian shares.

• CySEC entity no longer accepts retail clients; EU access limited.

• Dormant account fee of $50/year applies after inactivity.

Swissquote

Swissquote is a Swiss-based broker and bank, and one of the best forex brokers, offering a secure trading environment backed by a banking license and listing on the Swiss stock exchange. It provides global access to multiple asset classes, including forex, stocks, ETFs, bonds, options, and cryptocurrencies.

Renowned for its safety, it’s a solid choice for long-term investors and cautious beginners. However, Swissquote’s high trading fees and complex platform selection may not appeal to cost-sensitive or high-frequency traders.

Key Features

• Banking-Grade Safety: Swissquote is regulated by FINMA and holds a banking license, with client assets protected under Swiss deposit insurance. It is also listed on the SIX Swiss Exchange.

• Wide Market Access: Traders can access a vast array of global markets including U.S., European, and Asian equities, forex, ETFs, bonds, options, futures, and crypto.

• Forex and CFD Trading: Offers competitive forex spreads and low FX fees, especially for active currency traders. Index CFDs and FX trades are commission-free, with costs built into spreads.

• Multiple Platforms: Offers several platforms—eTrading, MetaTrader 4/5, Advanced Trader, and mobile apps—designed for both beginners and professionals.

• No Inactivity Fees: Unlike many brokers, Swissquote doesn’t penalize users for inactive accounts (except for some European accounts).

Pros

• Highly secure broker with Swiss banking license and public listing.

• Offers access to global financial markets and multiple asset classes.

• No inactivity or account maintenance fees at Swissquote Bank (CH).

• Strong mobile and web platforms with customizable features.

• Multi-currency funding and seamless account opening for trading accounts.

• Clear fee disclosures and real-time portfolio tracking tools.

Cons

• Stock, ETF, futures, and options trading fees are significantly higher than competitors.

• Platform variety (e.g., eTrading vs. Advanced Trader) may overwhelm new users.
  Several research tools and reports are behind a paywall.

• Withdrawals incur fees and are only available via bank transfer.

• Some accounts, like robo-advisory or forex-specialized, require high minimum deposits.

• Cryptocurrency trading costs are relatively steep (1% per transaction).

RoboForex

RoboForex is a global forex and CFD broker known for its wide range of account types, algorithmic trading support, and diverse platform offerings. With over 8,000 tradable instruments available through its proprietary R StocksTrader platform, it caters to both beginner and advanced traders. RoboForex operates under a lower-tier license in Belize, while its sister brand, RoboMarkets, holds stronger regulatory credentials within the EU.

Key Features

• Multiple Platforms: Traders can choose from MetaTrader 4, MetaTrader 5, cTrader (via RoboMarkets), and R StocksTrader—a proprietary platform with web and mobile support and over 8,000 instruments.

• Algorithmic and Copy Trading: Supports Expert Advisors (EAs), strategy testing, and its own CopyFX platform for social trading.

• Wide Range of Instruments: Offers up to 8,400 tradable assets, including forex pairs, indices, commodities, stocks, ETFs, and cryptocurrencies.

• Flexible Account Options: Includes Pro, ProCent (for micro-lot trading), Prime (tight spreads), ECN, and R StocksTrader accounts with various fee structures.

• Civil Liability Insurance: RoboForex offers $2.5 million in civil liability insurance, adding an extra layer of trader protection.

Pros

• The proprietary R StocksTrader platform offers access to 8,000+ assets.

• Supports copy trading through CopyFX.

• Offers both floating and fixed spread accounts.

• Civil liability insurance up to $2.5 million.

• Robust suite of platforms for automated trading, including MT4/MT5.
  Trading tools supported by Trading Central and Acuity Trading.

Cons

• Regulated in Belize, which is a lower-tier jurisdiction with limited protections.

• Educational content is sparse and outdated.

• You must open a live account before accessing a demo account.

• Average-to-high spreads on Pro and ProCent accounts.

• Research tools depend heavily on third-party providers.

• Blog and YouTube content are not regularly updated.

Top 10 Forex Brokers in the World

Here are the Top 10 Forex Brokers in the world for 2025, chosen for their regulation, trading platforms, pricing, and trader-focused features:

1. XS.com: A globally regulated broker offering dynamic leverage up to 1:2000, tight spreads, and multi-asset trading across MT4/MT5.

2. IG: Trusted since 1974, IG offers 19,000+ instruments, award-winning platforms, and world-class research tools.

3. Interactive Brokers: Ideal for professionals, with access to 150+ markets, advanced tools (TWS), and institutional-grade pricing.

4. eToro: A leader in social trading, eToro blends ease of use with copy trading and access to 5,000+ assets.

5. Saxo: Premium broker with over 70,000 instruments, advanced platforms (SaxoTraderGO/PRO), and deep research.

6. CMC Markets: Offers 11,900+ assets, low forex spreads, and innovative tools via the Next Generation platform.

7. FOREX.com: Backed by StoneX, it provides strong regulation, advanced platforms, and award-winning education.

8. Pepperstone: Known for tight spreads, no minimum deposit, and support for MT4, MT5, and cTrader.

9. Exness: High-speed execution, ultra-low fees, and flexible leverage make Exness ideal for active traders.

10. FxPro: A versatile broker with multiple platform choices, strong regulation, and beginner-friendly conditions.

These brokers lead the market in 2025 by offering secure, cost-effective, and powerful trading environments.

Conclusion

Choosing the best forex brokers in 2025 is essential for navigating the fast-paced and competitive forex market. The brokers listed here offer diverse features, advanced platforms, and robust educational tools to meet the needs of traders at every level. Select a broker that aligns with your trading goals to maximize your potential in the global forex market.

Join XS today and start your trading journey!