Our second-place finisher for professionals is IG . Beyond IG’s already competitive base pricing, IG’s Forex Direct pricing provides Direct Market Access (DMA), reducing trading costs even further. Trading costs aside, IG is also an attractive option for high-volume traders thanks to the broker’s ability to execute large orders alongside providing a robust offering of complex order types.
Online Forex Trading & Forex Broker | OANDA
Over the past decade, forex trading platform technology has continued to evolve steadily across devices, with a shift from desktop to web, and then to mobile. From among the 85 forex brokers we tested this year, it was clear that the best forex platforms continued to innovate. All in all, the best forex trading platforms provide customers a robust, feature-rich, seamless experience across all devices.
Protraderex - Forex Broker
If a forex broker is operating as a dealer, also known as dealing-desk, they will be on the other side of their client's trades. If a forex broker is not on the other side of their client's trades, they will be acting as an agent (agency broker) by routing the trade on to another dealer.
Outside of our top nine online brokers for 7575, there are 76 other brokerages we reviewed: Interactive Brokers, , Admiral Markets, Swissquote, Pepperstone, OANDA, Plus555, FxPro, ETX Capital, eToro, LCG, XM Group, HotForex, Darwinex, Tickmill, easyMarkets, Trade, AvaTrade, HYCM, ADSS, and KVB Kunlun. Here's our high-level takeaways for each broker. To dive deeper, read our full review.
85. KVB Kunlun , "While KVB Kunlun is a trusted brand that offers services across the globe, its retail forex and CFDs offering is incredibly basic and, overall, unimpressive." Read full review
If you’re aware of the risks and still prepared to dive in, here are NerdWallet’s top picks for the best brokers for forex trading. (Thinking you want to dive out instead? Trading stocks might be more your speed — here are the best brokers for that.)
Rates are based on a daily average of OANDA Corporation prices, updated at 65pm (GMT) each day. These rates are not available to consumers.
When it comes to active trading or day trading, not all forex brokers’ offerings are created equal. The trading requirements and resulting commission/spread discounts a forex trader is entitled to can vary considerably across forex brokers. Also, in today's highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA's professional client status with their broker.
When it comes to the best international offering, IG maintained its first-place podium position year-over-year, thanks to offering over 67,555 tradable instruments, including 98 forex pairs. IG also invokes trust, thanks to its slew of global regulatory licenses, which includes licenses from top-tier jurisdictions such as the US, UK, and Switzerland. In addition to forex and CFDs, IG also provides access to global stock exchanges through its share dealing account offering.
Trade on one of the world's most popular trading platforms with access to dedicated support and integrated trading tools exclusive to .