Forex brokers

XM Group

4.3/5
  • Offers 1,429 CFDs, including 55 forex pairs.
  • Trading Central's tools and content complement XM Group's in-house research offering.
  • The XM Shares account requires a $10,000 deposit if you want exchange-traded securities (non-CFD).
  • Excellent research content, including daily videos, podcasts, and organized articles.
  • XM Group's in-house broadcasting features TV-quality video content and live recordings.
  • Comprehensive selection of educational webinars, articles, and Tradepedia courses.
  • Offers the full MetaTrader suite — which features signals market for copy trading, along with Analyzzer algorithm.
  • Offers guaranteed fills for market, stop-loss, and limit orders on trades up to 50 lots (5 million units of currency).
  • XM has serviced over 10 million clients since its inception, executing over 2.4 billion trades since 2009.

VT Markets

4.1/5
  • VT Markets holds regulatory status in one Tier-2 jurisdiction.
  • VT Markets offers the full MetaTrader suite, along with premium trading tools from Trading Central.
  • Trading costs at VT Markets range from average (when using the VT Markets ECN account) to expensive (for the Standard account option).
  • VT Pro – the broker’s proprietary mobile app – is easy to use and delivers news headlines and research.
  • VT Markets carries indemnity insurance to complement its existing regulatory protection.
  • Support for third-party features like trading signals from Acceage and copy trading via ZuluTrade.

Vantage

4/5
  • The Vantage brand maintains regulatory status in two tier-1 jurisdictions and one tier-3 jurisdiction, making it a safe broker (average risk) for trading forex and CFDs.
  • Holds indemnity insurance for additional protection in excess of any regulatory coverage.
  • Vantage has done an excellent job of fully integrating the TradingView platform into the MetaTrader suite.
  • Offers Smart Trader add-ons for MetaTrader and multiple social copy-trading platforms (not available in Australia).
  • Vantage again ranks among the Best MetaTrader Brokers and the Best Copy Trading Brokers for 2023.

Trading 212

4.1/5
  • Intuitively designed, easy-to-use web trading platform and mobile app that earned Trading 212 a Best in Class spot for ease of use in our annual review.
  • Diverse range of 1,785 symbols available for CFD and forex trading.
  • Supports several exotic FX pairs, including 16 against the Bulgarian lev.
  • Offers indemnity insurance over EUR 1,000,000 in excess of EUR 20,000 from Cypriot regulator.

Trade360

4/5
  • CrowdTrading tool offers trading signals guided by crowd-sourced client sentiment data.
  • Offers six account types (minimum deposits range from $250 to $100,000).
  • Provides useful thematic indices with its Industry Stock and Smart Collections.
  • Traders can customize their leverage on a per-trade basis with the Self-Select feature.
  • Economic calendar event detail usefully shows affected symbols.
  • The Trade360 mobile app closely matches web platform experience.
  • Regulated by ASIC in Australia and CySEC in Cyprus.

Trade Nation

4.1/5
  • Regulated in Australia, the U.K., South Africa, and the Bahamas.
  • Web and mobile platforms are thoughtfully designed and easy to use, earning Trade Nation a Best in Class ranking for our Ease of Use category.
  • The Smart News feature available in Trade Nation’s mobile app and web platform helpfully curates Tweets and news headlines.
  • Offers a dollar-per-point default staking size, where rather than select a trade size in units, you can select how much you want to risk per price point or per pip (comparable to eToro or Plus500).
  • Charts are powered by ChartIQ on TradeNation for web and mobile.
  • Fixed spreads for forex and CFD trading are competitive – except during rollover time.
  • Trading signals powered by Acuity are available within platform and as standalone web module as part of Trade Nation’s Signal Centre.

TopFX

4.2/5
  • MetaTrader 4 and cTrader are both available.
  • Autochartist integration within the cTrader platform.

TMGM

4/5
  • Commission rates are competitive on the Edge account.
  • Minimum deposit starts at $100 for spread-only or commission-based accounts.
  • The TMGM Academy is an impressive educational tool that includes quizzes and interactive content, which I found to be excellent for beginners. The offering landed TMGM among Best in Class for beginners in our annual review.

Tickmill

4.3/5
  • Founded in 2014, Tickmill is regulated in one tier-1 jurisdiction and two tier-2 jurisdictions, making it a safe broker (average-risk) for trading forex and CFDs.
  • Tickmill makes the full MetaTrader suite available, as well as platform add-ons – putting it in close proximity with the best MetaTrader brokers.
  • Pricing for Tickmill’s Pro and VIP account is highly competitive, helping the broker finish 1st overall for Commissions and Fees again for 2023.
  • Offers the CQG and AgenaTrader platform for futures and options trading ($1,000 deposit required).
  • Tickmill is a solid choice of platform for professional trading.
  • Education from the CME, along with interactive sentiment data and website widgets from Acuity Trading help to complement research at Tickmill.
  • TradingView platform is also available (requires CQG login credentials to sync with your Tickmill account).
  • Tickmill recently introduced Signal Centre, powered by Acuity Trading, to deliver actionable trading signals and research for traders.

TD Ameritrade

5/5
  • Low trading fees (free stock and ETF trading)
  • No account minimum. Large investment selection.
  • Superb desktop trading platform
  • Good customer support.
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