Find The Best Forex Trading Brokers In 2023
With hundreds of new Forex brokers popping up every year, it is becoming harder to choose a reputable broker, especially for beginners. When choosing a broker there are so many factors to consider, from your trading style, to regulation, to leverage, to minimum deposits and platform options. We have compiled an easy to follow comparison of the best forex trading brokers.
1. IC Markets
IC Markets is one of the largest forex brokers in the industry, offering 1:500 leverage, the lowest spreads, tight commissions and a vast range of different trading products and instruments. They are regulated by numerous governing bodies, offer segregated client funds and have massed thousands of customer reviews online over the years. I have personally used IC Markets as one of my primary brokers since 2017 and I have never had a single problem with any aspect of trading with them. Have a read of our full IC Markets Review for 2023!
2. Blueberry Markets
Blueberry Markets is one of the highest rated brokers in the industry, based out of Australia, offering 1:500 leverage, over 50 pairs, tight ECN accounts and multiple trading platforms. Blueberry Markets is regulated by ASIC and VFSC, making it the first choice for over 20,000 traders all around the world. The fast execution and perfect reputation have lead to a 4.8/5 rating on Trustpilot, 4.9/5 rating on Google and 4.6/5 rating on ForexPeaceArmy. Click here for the full review, my experience and the pros and cons list.
3. BlackBull Markets
BlackBull Markets is a New Zealand based broker offering a minimum deposit of $200, with 1:500 leverage, a flawless reputation, ECN trading conditions and some of the lowest spreads I have ever seen. With a range of over 64 products on MetaTrader 4 and MetaTrader 5 and 3 different account types, this is the perfect broker for any retail trader, even offering a free demo account. They have a great reputation on Trustpilot and I have had nothing but a positive experience with the broker over the last few months – click here for a full in-depth review of the platform.
4. Hot Forex
HotForex is a leading forex broker with over 2,500,000 registered accounts. The company is highly regulated by the FCA and 28 other governing bodies, offering fund insurance and a low $50 minimum deposit, making it an extremely safe broker for retail traders. HF Markets have won over 45 industry awards, leading to hundreds of reviews online from customers around the world. They offer a range of over 50+ pairs, 150 total securities, multiple trading platforms and extremely low trading costs. Click here for my full review of the company and my experience trading with HF Markets.
5. VT Markets
VT Markets is a very well established forex broker with over 200,000 client accounts. The company is highly regulated and offers traders up to 1:500 leverage, 5 platforms to choose from, low spreads and great trading conditions. With unbeatable customer support, it’s clear to see how VT Markets has grown so well since 2015.
Click here to read our full VT Markets review.
6. FP Markets
FP Markets offer a range of perks, leading to their flawless reputation in the retail trading community. With 1:500 leverage, ASIC regulation, a low $100 minimum deposit, 3 trading platforms to choose from and spreads from 0 pips, it’s no wonder they are so well loved with over 1400 excellent reviews on Trustpilot alone. Setting FP Markets away from the crowd, they offer PayPal deposit and withdrawal, which was a huge plus for me! Click here for my comprehensive review of this broker.
FxPro is one of the worlds leading forex brokers, offering a huge level of security and regulation to clients worldwide, with a range of over 250 tradable instruments. They have a great customer support team, thousands of excellent reviews, a range of trading platforms and deposit/withdrawal options to cater for all traders. Click here to read my full, in-depth review of FxPro and why it’s one of my favourite trading brokers!
FxPig is an up and coming forex broker, offering a range of perks for traders all around the world. With 1:500 leverage, a great offering of trading platforms, over 80 forex pairs, 80 stocks and 10 cryptos to trade, it’s no wonder FxPig has such an excellent reputation with customers. They are based out of Vanuatu, making the company a perfect choice for those traders preferring a more offshore broker. Click here to read the full pros, cons and stats of FxPig.