2023 Best Forex Brokers:
Expert Analysis and Rankings
The list of all the best Forex brokers for 2023 Our experts have compiled a list of the best Forex brokers for 2023 in America and Canada. These brokers have been carefully selected based on their low spreads, high-quality trading platforms, and excellent customer support. Learn more
Oanda
XTB
AvaTrade
FXCM
Interactive Brokers
IC Markets
Qtrade
FxPro
eToro
HYCM
Trading.com
IG
FOREX.com
Kraken
Coinbase
Binance

Welcome to Forexbrokerinc!

Our team of forex market specialists aim to give you the best reviews of forex brokers available on the web. We want you to pick, not the best broker, but the best broker for you. Our detailed reviews will give you a full picture of each broker and help guide you to the one (or several?) that will smooth your journey into the world of foreign exchange trading.

Who am I and why should you listen to me?

I’m Marshall Gittler. I’ve been involved with the foreign exchange market almost from the beginning of the current institutional framework. I started in the market only a few years after the Bretton Woods system broke up, allowing currencies to trade freely and opening the door for professional currency trading. I’ve worked as an analyst and strategist for several of the biggest firms in the industry: Deutsche Bank, Bank of America/Merrill Lynch, and UBS. I’ve been involved in the retail trading world now for over 10 years. In short, I know FX. And now I’m working for you, helping you to find the right broker.

USA
Canada
Europe
Oanda
OANDA is one of the longest-established brokers in the industry, a silent forex broker giant standing out among the top 10 largest retail brokerages. OANDA’s uninterrupted growth from as early as 1996 is benchmarked by excellent customer service and a unique trading experience provided to clients. Lowest spreads and high leverage are accompanied by unique risk management tools.
Tradable assets
FX, Crypto, Bonds, Indices, Commodities (100+)
Min. deposit
0$
Spread
From 0.8 pips
Leverage
30:1 (retail), 400:1 (professional)
Platforms
Oanda Trade Web, Oanda Trade Desktop, MT4, mobile app
Trustscore
96
Oanda Review
Europe
AvaTrade
AvaTrade is one of the top CFD and forex brokers around. It offers four trading platforms, which should suit traders at all skill levels, plus the assurance of regulation by several reputable regulators. AvaTrade offers the widest variety of CFDs on various financial instruments: forex, stocks, indexes, ETFs. We found AvaTrade great for their mobile trading app, copy trading, best for their pricing and education.
Tradable assets
FX, Stocks, Crypto, Indices, Commodities (1,250+)
Min. deposit
100$
Spread
From 0.9 pips
Leverage
30:1 (retail), 400:1 (professional)
Platforms
FX, Stocks, Crypto, Indices, Commodities (1,250+)
Trustscore
96
AvaTrade Review
Europe
HYCM
HYCM or Henyep Capital Markets is a brokerage firm regulated by several financial authorities globally, including the UK Financial Services Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Forex and CFD trading fees offered by HYCM are comparatively low in the commission-based account. The company offers a wide selection of high-quality educational tools.
Tradable assets
FX, Crypto, Bonds, Indices, Commodities (100+)
Min. deposit
0$
Spread
From 0.8 pips
Leverage
30:1 (retail), 400:1 (professional)
Platforms
Oanda Trade Web, Oanda Trade Desktop, MT4, mobile app
Trustscore
95
HYCM Review
Europe
FXCM
With a parent organization (Jefferies Financial Group) traded on the NYSE stock exchange, FXCM stands out as a brokerage of choice for algorithmic traders. In addition to an expectedly rich variety of forex and CFD instruments (stocks, commodities, indices, crypto), the firm has redefined the market of API trading. While boasting its integration with TradingView.
Tradable assets
FX, Stocks, Crypto, Indices, Commodities (300+)
Min. deposit
50$
Spread
From 1.3 pips
Leverage
30:1 (retail), 400:1 (professional)
Platforms
Trading Station, TradingView, Capitalise AI, MT4, ZuluTrade, NinjaTrader
Trustscore
93
FXCM Review
USA
Canada
Europe
Interactive Brokers
Founded in 1977, Interactive Brokers is a publicly listed giant (NASDAQ: IBKR), highly trusted due to being regulated in eight tier-1 jurisdictions (USA, Canada, Japan, UK, etc). The firm offers the widest range of markets for trading, while the availability depends on clients’ residence. Interactive Brokers stands out for its high-quality education suite - Traders’ Academy and Insights, as well as a unique sophisticated trading platform.
Tradable assets
FX, Stocks, Options, Bonds, Funds, Futures, Crypto, Indices, Commodities (16,500+)
Min. deposit
0$
Spread
From 0.1 pips
Leverage
30:1 (CFDs), 2:1 (Real Equities)
Platforms
Trader Workstation, Client Portal, IBKR Mobile, IBKR APIs, Ibot, Capitalise AI
Trustscore
94
Interactive Brokers Review
Europe
IC Markets
IC Markets is known for competitive spreads and fees, a solid range of industry-leading trading platforms (MT4, MT5, cTrader), support of algorithmic trading and excellent customer service.
Founded in 2007 in Australia, the brokerage has always been keenly invested in high-quality service, market research and education products, which secured IC Market’s position in the list of the world’s top companies and a great reputation among beginner forex traders.
Tradable assets
FX, Stocks, Options, Bonds, Futures, Crypto, Indices, Commodities (1,000+)
Min. deposit
200$
Spread
From 0.0 pips
Leverage
30:1 (retail), 400:1 (professional)
Platforms
MT4, MT5, cTrader
Trustscore
95
IC Markets Review
Canada
Qtrade
Qtrade is of the biggest online brokerages in Canada and North America that offers stocks, bonds, options, commission-free ETFs, mutual funds, guaranteed investment certificates (GICs) and new issues (IPOs). You can also opt for over-the-counter (OTC) stocks, rights and warrants. We’d specifically note a huge variety of ETFs on the Canadian and US exchanges, more than a hundred commission-free ETFs available from iShares, SPDR, Desjardins, Horizons and Vanguard.
Tradable assets
Stocks, Bonds, Funds, Options, GICs (3,000+)
Min. deposit
0$
Spread
From 0.1 pips
Leverage
2:1 (Real Equities)
Platforms
Qtrade Web and mobile
Trustscore
97
Qtrade Review
Europe
FxPro
Founded in 2006, FxPro offers a wide range of trading platforms: MT4, MT5, cTrader, and own proprietary FXPro Trading app, in both desktop and mobile versions. Forex and CFD trading conditions are competitive, the speed of light No Dealing Desk Execution gets your trade done in under 14 milliseconds.
The users’ most appreciated are FxPro's research and insights tools - basic daily fundamental research, cool multilingual webinars, and Trading Central-backed technical analysis.
Tradable assets
FX, Stocks, Crypto, Futures, Indices, Commodities (1,000+)
Min. deposit
100$
Spread
From 1.3 pips
Leverage
30:1 (retail), 200:1 (professional)
Platforms
MT4, MT5, cTrader, FxPro Platform
Trustscore
96
FxPro Review
Europe
eToro
When it comes to Social Trading and Copy Trading in forex, eToro is your primary choice. The trading platform interface is super slick and intuitive, allowing you to copy the experienced investors’ trades or to share your own ones while receiving a commission. The number of instruments is overwhelming - over 3,000, including forex, CFDs, and exchange-traded securities. Users from all over the globe praise eToro’s Smart Portfolios and indemnity insurance of up to EUR 1 million per client.
Tradable assets
FX, Stocks, Crypto, Indices, Commodities (2,000+)
Min. deposit
10$
Spread
From 1 pip
Leverage
30:1 (retail), 400:1 (professional)
Platforms
Web Trader, mobile app
Trustscore
95
eToro Review
Europe
XTB
Tradable assets
Min. deposit
$
Spread
Leverage
Platforms
Trustscore
99
XTB Review
USA
Canada
Europe
Trading.com
Tradable assets
Stocks, Bonds, Funds, Options, GICs (3,000+)
Min. deposit
0$
Spread
From 0.1 pips
Leverage
2:1 (Real Equities)
Platforms
Trustscore
93
Trading.com Review
USA
Canada
Europe
IG
Tradable assets
FX, Stocks, Crypto, Futures, Indices, Commodities (1,000+)
Min. deposit
100$
Spread
From 1.3 pips
Leverage
30:1 (retail), 200:1 (professional)
Platforms
Trustscore
93
IG Review
USA
Canada
Europe
FOREX.com
Tradable assets
FX, Stocks, Crypto, Futures, Indices, Commodities (1,000+)
Min. deposit
100$
Spread
From 1.3 pips
Leverage
30:1 (retail), 200:1 (professional)
Platforms
Trustscore
95
FOREX.com Review
USA
Canada
Kraken
Tradable assets
FX, Stocks, Crypto, Futures, Indices, Commodities (1,000+)
Min. deposit
100$
Spread
From 1.3 pips
Leverage
30:1 (retail), 200:1 (professional)
Platforms
Trustscore
Kraken Review
USA
Canada
Coinbase
Tradable assets
FX, Stocks, Crypto, Futures, Indices, Commodities (1,000+)
Min. deposit
100$
Spread
From 1.3 pips
Leverage
30:1 (retail), 200:1 (professional)
Platforms
Trustscore
Coinbase Review
USA
Canada
Europe
Binance
Tradable assets
FX, Stocks, Crypto, Futures, Indices, Commodities (1,000+)
Min. deposit
100$
Spread
From 1.3 pips
Leverage
30:1 (retail), 200:1 (professional)
Platforms
Trustscore
Binance Review
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