5 Best Forex Brokers in 2024

The best forex brokers should have, first of all, strong protection mechanisms for client accounts and deposits, followed by competitive pricing, and also, be highly rated by its customers.

When you’re searching for the best forex broker, which of the following is more important to you? Where the broker is based? What’s the maximum leverage available? The range of tradable instruments?

Well, in fact, all these variables are important. So, to help you select one from the best forex brokers in 2024, we have prepared this page with all those key features, including how users rate their services, pricing and product offerings. After all, a forex broker happy customers (or not) opinions, might have a decisive impact on your choice.

In partnership with FXverify.com (part of our digital family), and using our own review methodology, we have also determined the current 5 best forex brokers in 2024, in no particular order, highlighting their main features:

• 
  IC MarketsECN trading platform with competitive spreads. Great customer support.
• 
  FxProNo-Dealing Desk broker with fast execution times. Multiple trading platforms.
• 
  TickmillSuper-fast withdrawals. Strong regulations in place. Efficient customer support.
• 
  XMOriginal loyalty points scheme. Fast deposits and withdrawals. Customer support in several languages.
• 
  ExnessGreat for beginners. Multiple account types, including cent accounts. Instant automated withdrawals.

Best Forex Brokers in 2024

IC Markets
Competitive Pricing

IC Markets is an Australian forex broker, incorporated in Sydney in 2007, by a team of professionals in the financial services industry, who were instrumental in the success of one of Australia’s largest CFDs and forex trading providers. The broker offers ECN environment trading solutions for active day traders, and scalpers as well as retail investors new to the forex market.

This excellent broker, regulated by Tier-1 Australia's ASIC, provides its clients with cutting-edge trading platforms, extremely low latency connectivity and superior liquidity. IC Markets is revolutionizing the on-line forex trading sector, as investors are now able to gain access to pricing and liquidity previously only available to investment banks and professional traders.

IC Markets mission is to create the best, and most transparent, trading environment for retail and institutional clients alike, allowing traders to focus more on their trading. Built by traders for traders, IC Markets is dedicated to offering competitive spreads, fast execution and a friendly customer support service.

Get started with IC Markets

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FxPro
Strong Regulations, Good Choice of Platforms

FxPro is a UK-based CFDs broker offering investors online trading on a full suite of financial instruments including forex, shares, indices, metals, commodities and cryptocurrencies. Trading can be done through a selection of traders oriented platforms, including the classic MT4, the next-gen MT5, the advanced cTrader and the FxPro Trading Platform – the broker’s proprietary web platform, and with most platforms available for Windows, macOS, iOS and Android.

Established in 2006 the FxPro Group offers a winning combination of excellent execution speeds, robust trading platforms, a diversified product range, knowledgeable customer support and great trading tools, including accurate market analysis, giving its clients the confidence to trade.

FxPro multi-language customer support service is available 24 hours, 5 days a week, in 21 languages. Customer services can be contacted via local phone numbers (subject to jurisdictions), call back feature, email and through the live chat widget present on the broker’s website.

Get started with FxPro

Open Account

Tickmill
Excellent for Automated Trading

Tickmill, with headquarters in the UK, and regulated by the FCA, is a forex broker proposing a "new way" of trading, with extremely low market spreads and no-requotes, using STP and DMA trading models, with absolute transparency and the latest in trading technology.

This excellent broker has been built by traders for traders, with its team members trading experience going back to the 90’s, where they successfully traded on all major financial markets, from Asia to North America.

Tickmill is also highly rated by scalpers and traders using Expert Advisors and algorithmic trading systems, thanks to their lightning-fast execution speeds. These features, together with its team's strong experience on the financial markets, are the pillars of Tickmill's mission: provide a best FX trading environment and an overall trading experience.

Get started with Tickmill

Open Account

XM
Attractive Non-Deposit Trading Bonus

_{*Clients registered under the CySEC, ASIC and DFSA regulated entities of the Group are not eligible for bonuses}

The XM Group is a registered mark of Trading Point of Financial Instruments Ltd, and part of a group of regulated online brokers.

The broker was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10). Later, in 2015, Trading Point of Financial Instruments Pty Ltd was established, and this branch is regulated by the Australian Securities and Investments Commission (ASIC 443670).

In 2017 the broker XM Global Limited was established and regulated by the Financial Services Commission.

XM clients benefit from direct access to the financial markets, with over 1,000 financial instruments available, including forex, stocks CFDs, precious metals CFDs, energies CFDs, commodities CFDs and equity indices CFDs.

Trading is done with transparent real-time pricing, coupled with low spreads and flexible leverage. It is XM's mission to provide clients, not only with a trading environment that excels, but also, all the necessary tools to enhance trading performance, including product innovation, several quality educational materials, and personalized customer service.

_{**Cryptocurrencies CFDs availability are subject to contracting entity and jurisdiction and bonuses are not available for clients registered under CySEC, ASIC and MENA entities.
***Please note that the products, services, and features advertised here vary between the XM entities. For further information, please visit the XM website.}

Get started with XM

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Exness
Excellent Environment for Beginners

Established in 2008, Exness is one of the world's leading CFDs brokers, known for delivering a reliable, trustworthy and customer-focused trading experience. Coupled with innovative products and services that cater to investors and traders of all levels and backgrounds and with a deep understanding of the retail trader’s needs, the broker strives to provide the best trading conditions on the currency market, allowing clients to fully realize their professional potential.

Currently, the Exness Group offers exclusively B2B services accounts to professional institutions in the EU – through Exness (CY) Ltd) – and in the UK – through Exness (UK) Ltd. Live trading accounts for retail traders – some jurisdiction restrictions apply – are available through the Exness Group entities, mainly with the Nymstar Limited company, regulated by the Seychelles FSA.

The Exness Group multi-language customer support service is available 24 hours, 5 days a week, in 15 languages and available 24 hours, 7 days a week in English, Chinese and Thai languages. The broker can be contacted via local phone numbers (subject to jurisdiction) and email.

Get started with Exness

Open Account

Extra Factors to Consider When Choosing a Broker

When choosing the best broker for your trading journey, it is important to consider what factors apply to you as a trader, and what the broker can offer you.

For example, are you a beginner, or do you have limited funds to start trading? Then the best option would be a forex broker offering great educational materials to help you build your knowledge, and a broker offering low (or zero) minimum deposits.

It can also be the case that you are a fan of cryptocurrencies and wish to trade on the huge volatility of these instruments. Luckily, almost every broker is now offering crypto trading on their portfolio of instruments. The factor to consider here will be which broker is the cheapest, as crypto trading, being a new market with less competition, represents an opportunity for brokers to apply huge spreads and hefty trading commissions.

With literally hundreds of forex brokers fighting to get your attention, and with so many offers and trading conditions, in the end what really matters is not what the brokers offer, but instead, what are your trading requirements and personal criteria.

Once you write down the key factors of your criteria, you will end up knocking out the volume and short-listing just a few brokers. We also suggest a quick visit to our article How to Find the Best Forex Broker: 7 Key Factors to Consider, where you can find a detailed explanation about the most important variables, to help you choose your next forex broker.