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.


  • Forex brokers supervised by a Tier-1 regulator offer more security to retail investors.
  • It’s also possible to trade other asset classes (i.e., shares and cryptocurrencies) with forex brokers.
  • ECN forex brokers have more competitive spreads, starting with 0.0 pip.
  • Leverage of European and Australian forex brokers is restricted to 30:1 for retail investors.

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

Best Forex Brokers in 2024

IC Markets broker

IC Markets
Competitive Pricing

Key Features
  • Low spreads and commissions
  • Fast execution speeds and low latency times
  • Regulated in the EU, Australia and Seychelles
  • High customer ratings

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.


  • Very competitive spreads
  • Fast trade execution
  • Multiple ways to fund accounts
  • Great range of educational materials
  • Non-expiring demo account


  • Slippage (both negative and positive) is very common
  • Customer support could be better
*data from IC Markets verified user reviews on

FxPro broker key points

Strong Regulations, Good Choice of Platforms

Key Features
  • Complete and excellent range of trading platforms
  • Regulated in the EU, the UK, South Africa and Bahamas
  • No-Dealing Desk broker with fast execution times
  • Free deposits & withdrawals (except for bank transfers

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.


  • Fast execution speeds
  • Competitive costs with the cTrader account
  • No fees for deposits and withdrawals
  • Well-regulated in several markets
  • Excellent customer support service


  • Higher spreads on the MetaTrader 4 accounts
  • High slippage
*data from FxPro verified user reviews on

Tickmill broker

Excellent for Automated Trading

Key Features
  • Good overall trading costs
  • Fast execution speeds (ideal for EAs)
  • Regulated in the EU, the UK and Seychelles
  • High customer ratings

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.


  • Low trading commissions
  • Fast deposits and withdrawals via bank transfer
  • Super-fast trade execution
  • Strong regulations in place
  • Multi language customer support
  • Non-expiring demo account


  • No cryptocurrencies trading
  • No stocks trading
  • Trading can only be done via MT4
  • Min. deposit for VIP account is too high
*data from Tickmill verified user reviews on

XM broker

Attractive Non-Deposit Trading Bonus

Key Features
  • Trading with micro-lots available
  • No deposit trading bonus*
  • Regulated by ASIC (Australia), CySEC (Cyprus), FSC (Belize), FSCA (South Africa) and DFSA (Dubai)
*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.


  • No deposit bonus
  • Great range of trading accounts, social trading
  • 1,000+ instruments available, including cryptos**
  • Friendly customer support
  • Regulated in several markets
  • Non-expiring demo account


  • Inactivity fee charged
*data from XM verified user reviews on

**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.

Exness broker

Excellent Environment for Beginners

Key Features
  • Instant, automated withdrawals
  • Unlimited max leverage (subject to T&Cs)
  • Cent accounts available (ideal for beginners)
  • Open account with 0 deposit

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.


  • Excellent customer service
  • Great range of trading accounts (inc. Cent)
  • Accounts in 61 different currencies
  • Automated, instant withdrawals
  • Can trade cryptos over the weekend


  • No ECN accounts
  • Only 180 financial instruments available for trading
*data from Exness verified user reviews on

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.