Best OTC Forex Brokers in 2023 with Pricing Rating
Broker | Regulation | Overall rating | Pricing rating | Minimum deposit | Maximum leverage | Funding Methods | Trading platforms | Cent accounts | Negative balance protection | Account currency | Execution model | Asset classes | 778af67e-697f-47ae-826a-5836a7236561 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Australia - AU ASIC Cyprus - CY CYSEC United Kingdom - UK FCA Bahamas - BS SCB |
4.8
Excellent
|
4.8
Excellent
|
100 | 500 |
MT4
MT5
WebTrader
|
MM
|
Forex
Shares
Indices
Oil/Energies
Cryptocurrencies
Metals
|
5271136e-0e1a-439c-bf00-bbfbfe2237c9 | ||||
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Cyprus - CY CYSEC United Kingdom - UK FCA South Africa - ZA FSCA United Arab Emirates - AE DFSA Seychelles - SC FSA Kenya - KE CMA |
4.8
Excellent
|
4.5
Excellent
|
0 | 2000 |
MT4
MT5
WebTrader
|
EUR
JPY
USD
ZAR
NGN
|
MM
|
2442d047-9d0a-4c06-ac44-d4be27b250ab | ||||
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Australia - AU ASIC Cyprus - CY CYSEC Belize - BZ FSC United Arab Emirates - AE DFSA |
4.7
Excellent
|
4.8
Excellent
|
5 | 1000 |
Bank Wire
China Union Pay
Credit/Debit Card
Neteller
Skrill
|
MT4
MT5
WebTrader
|
MM
|
Futures
Forex
Indices
Oil/Energies
Metals
Soft Commodities (coffee, sugar...)
|
613abe98-2a8f-4478-a5b0-52aaccdfa957 | |||
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Mauritius - MU FSC South Africa - ZA FSCA Seychelles - SC FSA Virgin Islands, British - BVI FSC |
4.7
Excellent
|
4.8
Excellent
|
1 | 0 |
MT4
MT5
WebTrader
|
MM
|
Forex
Shares
Indices
Oil/Energies
Cryptocurrencies
Metals
|
86ede000-1f2a-48e8-b511-fd71083d547d | ||||
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South Africa - ZA FSCA Vanuatu - VU VFSC Seychelles - SC FSA |
4.0
Good
|
4.6
Excellent
|
5 | 1000 |
Bank Wire
Credit/Debit Card
SticPay
Bitwallet
|
MT4
MT5
WebTrader
|
EUR
JPY
USD
|
MM
|
Forex
Shares
Indices
Oil/Energies
Cryptocurrencies
Metals
|
0b3609ce-caf1-4d7a-b694-781111a1b946 | ||
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Australia - AU ASIC Cyprus - CY CYSEC United Kingdom - UK FCA Jordan - JO JSC |
4.8
Excellent
|
5.0
Excellent
|
100 | 0 |
MT4
WebTrader
MT5
|
MM
|
5452de03-52d1-4ae9-8769-4e80bcba8b59 | |||||
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Australia - AU ASIC Germany - DE BAFIN United Kingdom - UK FCA Switzerland - CH FINMA Japan - JP FSA United States - US NFA South Africa - ZA FSCA Bermuda - BA BMA |
4.7
Excellent
|
5.0
Excellent
|
250 | 50 |
Bank Wire
ACH
Debit Card
|
MT4
|
USD
|
MM
|
Forex
|
c4199c43-afa1-4a01-9cb0-4c291437022c | ||
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Cyprus - CY CYSEC Belize - BZ FSC Seychelles - SC FSA Jordan - JO JSC Kenya - KE CMA |
4.7
Excellent
|
4.0
Good
|
100 | 500 |
Bank Wire
Credit/Debit Card
Neteller
Skrill
Webmoney
|
MT4
WebTrader
|
EUR
GBP
USD
|
MM
|
Forex
Indices
Oil/Energies
Metals
|
821fa382-0456-4d9d-a8d5-791eb4bd3fb7 | ||
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Cyprus - CY CYSEC United Kingdom - UK FCA Mauritius - MU FSC South Africa - ZA FSCA |
4.6
Excellent
|
4.6
Excellent
|
10 | 2000 |
MT4
WebTrader
MT5
|
EUR
GBP
USD
NGN
|
MM
ECN
|
Forex
Shares
Indices
Oil/Energies
Metals
Soft Commodities (coffee, sugar...)
|
1033e745-13dc-4c23-baf5-6f8e1bfaaf82 | |||
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Australia - AU ASIC Cyprus - CY CYSEC United Kingdom - UK FCA |
4.6
Excellent
|
4.0
Good
|
1 | 30 |
Proprietary
|
USD
|
MM
|
Forex
Shares
Oil/Energies
Cryptocurrencies
Metals
Soft Commodities (coffee, sugar...)
|
ea1e5ef6-f930-4f47-b4fd-22c90f2d4f9e | |||
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Australia - AU ASIC Cyprus - CY CYSEC United Kingdom - UK FCA Japan - JP FSA South Africa - ZA FSCA Seychelles - SC FSA |
4.5
Excellent
|
5.0
Excellent
|
0 | 0 |
MT4
MT5
Proprietary
|
MM
NDD
|
9afa419f-a25b-4500-9858-5b5be0782ace | |||||
|
Cyprus - CY CYSEC |
4.5
Excellent
|
100 | 400 |
MT4
|
MM
|
Forex
Indices
|
1ca9c31d-1065-4662-9e7b-d16787bb28fd | |||||
|
Cyprus - CY CYSEC South Africa - ZA FSCA |
4.5
Excellent
|
100 | 200 |
Bank Wire
Credit Card
Neteller
Skrill
Webmoney
|
MT4
WebTrader
|
MM
|
Forex
Indices
|
ebaa79fe-58ad-45cf-8973-9f1cb0349323 | ||||
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Australia - AU ASIC United Kingdom - UK FCA Japan - JP FSA Canada - CA IIROC United States - US NFA Malta - MT MFSA Virgin Islands, British - BVI FSC Singapore - SG MAS |
4.4
Good
|
4.0
Good
|
0 | 50 |
Bank Wire
Cheque
ACH
Debit Card
|
MT4
|
MM
|
Forex
|
f7709c7a-db3e-4ba4-8570-3d9f2e6cac63 | |||
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Australia - AU ASIC Japan - JP FSA Ireland - IE CBI South Africa - ZA FSCA United Arab Emirates - ADGM FRSA Virgin Islands, British - BVI FSC |
4.3
Good
|
3.0
Average
|
100 | 400 |
MT4
MT5
|
AUD
EUR
GBP
JPY
USD
|
MM
|
61c61adb-30d0-4115-ac34-e816026aaf90 | ||||
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Mauritius - MU FSC Malta - MT MFSA |
4.3
Good
|
4.0
Good
|
0 | 500 |
Bank Wire
China Union Pay
Credit/Debit Card
Neteller
Skrill
|
MT4
MT5
WebTrader
|
CHF
EUR
GBP
JPY
USD
BTC
|
MM
ECN/STP
|
Forex
Shares
Indices
Oil/Energies
Cryptocurrencies
Metals
|
5941dbf8-2330-4801-af06-2e35a8cd787d | ||
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Japan - JP FSA Greece - EL HCMC |
4.3
Good
|
4.5
Excellent
|
0 | 500 |
|
Proprietary
|
|
MM
STP
|
Forex
Shares
Indices
Cryptocurrencies
|
50f01317-a8dd-4501-a004-4514f34b3242 | ||
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Australia - AU ASIC United Kingdom - UK FCA Japan - JP FSA Canada - CA IIROC United States - US NFA Cayman Islands - KY CIMA Singapore - SG MAS |
4.2
Good
|
2.5
Average
|
100 | 50 |
Bank Wire
Cheque
|
MT4
|
USD
|
MM
|
Forex
|
fd5c0240-f637-455a-b14c-183095a3e038 | ||
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Cyprus - CY CYSEC Seychelles - SC FSA |
4.2
Good
|
4.2
Good
|
50 | 500 |
cTrader
MT4
MT5
|
EUR
USD
|
MM
|
04773636-82b5-4729-bd77-7ceb935ba630 | ||||
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Cyprus - CY CYSEC Virgin Islands, British - BVI FSC |
4.1
Good
|
3.0
Average
|
1 | 1000 |
MT4
MT5
|
EUR
RUB
USD
|
MM
|
03178726-7bae-4ae5-9470-d71c953f0461 | ||||
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Belize - BZ FSC |
4.0
Good
|
5.0
Excellent
|
0 | 1000 |
MT4
MT5
WebTrader
Proprietary
|
EUR
GLD
USD
CZK
CNY
|
ECN
MM
STP
|
bca622cd-3867-46e0-9d67-b6988bfc1c34 | ||||
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Australia - AU ASIC Vanuatu - VU VFSC |
3.9
Good
|
4.5
Excellent
|
200 | 500 |
MT4
MT5
WebTrader
|
MM
|
f986df92-a709-4dd2-8508-b71ae92a8125 | |||||
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Mauritius - MU FSC Belize - BZ FSC |
3.8
Good
|
3.0
Average
|
10 | 777 |
MT4
MT5
cTrader
|
EUR
USD
|
MM
STP
|
Forex
Indices
Oil/Energies
Metals
|
dc9f5ddb-e79f-4be7-92ed-642b88bddc2d | |||
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Vanuatu - VU VFSC |
3.4
Average
|
4.5
Excellent
|
5 | 1000 |
MT4
MT5
WebTrader
|
EUR
USD
BTC
|
MM
STP
ECN
|
6a15966f-2a22-4a72-8921-eab17d69df22 | ||||
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Mauritius - MU FSC Seychelles - SC FSA |
3.4
Average
|
4.0
Good
|
10 | 1000 |
MT4
MT5
WebTrader
|
MM
STP
NDD
|
567d1082-fd49-416d-b544-5623a2644eb0 |
Best OTC Forex Brokers in 2023
Best OTC forex brokers list, with a comparison table. Check out our recommended brokers in 2023, ranked by our industry experts. Compare the overall rating and pricing to see how each broker is rated for its trading conditions, spreads and product offering.
What are over-the-counter (OTC) forex brokers?
An Over-the-Counter (OTC) forex broker is a broker providing trading of assets not available on a centralised exchange. That said, every retail FX broker can be considered an OTC forex broker, due to the nature of online retail forex trading.
Online retail FX trading is the most popular OTC market, where trading occurs between a network of banks and brokers, instead of on an exchange. An OTC forex broker is the intermediary, issuer and custodian of the products (CFDs) offered to trade on its trading platform.
As a result of the previously mentioned features, there are no official quotations or clearinghouses. The OTC market is fully managed by the counterparties involved in it. This also implies, within the online OTC forex market, that several independent sub-markets can be created, resulting in market quotations different from broker to broker.
Finding the right broker for your trading strategy
Use our OTC forex brokers list to find out how our industry experts rate each broker for their regulatory status, pricing and overall trading conditions. Compare each broker's regulation and jurisdiction, the minimum initial deposit and the maximum leverage ratio offered.
Check out the available funding methods for each broker, including the most popular e-wallets (PayPal, Skrill, Neteller, etc.) and the available trading platforms. Discover which brokers have Cent accounts (ideal for beginners and to test EAs), and a default negative balance protection (NBP) mechanism to prevent losses bigger than the amount deposited.
Compare the available account currencies, the execution model of each broker (NDD, MM, ECN, DMA and STP), and the instruments available for trading (currency pairs, stocks, indices, commodities and cryptocurrencies).
Reputable OTC forex brokers to help you succeed in your online trading career.