Top 8 Forex Brokers - May 2022

Find the best Forex Broker for you & Start trading instantly!

Find the best Forex Broker for you & Start trading instantly!
All Brokers are Regulated by FCA, CySEC or ASIC
May 2022
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Advertiser Disclosure
Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.
75% of our users choose this broker
RANK
BROKER
ADVANTAGES
MIN
DEPOSIT
SPREADS
FROM
OUR SCORE
MAX
LEVERAGE
REGULATION
SUPPORT
START
TRADING
1
Zero commission
$10
0.0 PIPs
1000:1
CySEC, FCA (UK), FSCA
Pros
  • Tight spreads and low commissions on all major pairs
  • Offering multiple accounts types including cent, standard & ECN
  • FXTM Invest allows investors to connect with your strategy for a fee
  • Trustworthy and regulated by FCA (UK) & CYSEC (EU)
Cons
  • Limited selection of CFD stocks to trade
  • Doesn’t accept clients from the US
Platforms & Devices
  • MetaTrader 5 (MT5)
  • MetaTrader 4 (MT4)
  • FXTM Trader
  • FXTM Invest (copy trading)
  • WebTrader
2
Up to 20% Bonus *from $1,000
$100
0.6 PIPs
400:1
CBI (Ireland), ASIC, FSCA, IIROC, FSA, FFA, ADGM, FRSA
Pros
  • Tight spreads
  • Multiple trading platforms
  • Powerful tools and resources available
  • Professional support and education
Cons
  • Fewer currency pairs compared to other brokers
Platforms & Devices
3
Segregated accounts with tier one banks
$200
0 PIPs
30:1
FCA (UK), DFSA, ASIC, CMA, CYSEC, SCB, BaFIN
Pros
  • Segregated accounts
  • Great customer support
  • FCA regulated
  • 4.3/5 rating on trustpilot on 858 reviews
Cons
  • No bonuses
  • Demo account available for only 30 days 
Platforms & Devices

MetaTrader 4
MetaTrader 5
cTrader

DupliTrade
WebTrader
Social Trading

4
Deal Cancellation Within an Hour
$100
1 PIPs
30:1
CySEC, ASIC
5
50% bonus on first deposit *up to $500 credit
€200
0.0 PIPs
500:1
ASIC (Australia), FCA (UK), CIMA (Cayman Islands), VFSC (Vanuatu)
6
Online Trading Tournaments Win real funds
$10
0.5 PIPs
30:1
CySEC
7
Up to 40%
$250
3 PIPs
400:1
Not Regulated
8
100% deposit bonus
$250
1 PIPs
30:1
CySEC
1
Zero commission
97
Excellent
2
Up to 20% Bonus
95
Excellent
3
Segregated accounts
92
Great
4
Deal Cancellation
90
Good
5
50% bonus on first deposit
88
Good
6
Online Trading Tournaments
86
Good
7
Smooth and swift withdrawals
83
Okay
8
100% deposit bonus
80
Okay
Advertiser Disclosure
Top8forexbrokers.com is an independent professional comparison site that provides users with free and valuable information on leading Forex brokers. Top8forexbrokers.com is supported by referral fees from listed companies. We do not provide a listing of each and every company in the market. We do not guarantee 100% accuracy of the information. The information which appears on this site is subject to change at any time. We aim to help users make an informed choice that best suits their particular needs.
Latest Expert Reviews Summary:
"Very impressed by the service at AvaTrade and highly suggest them to new and experienced traders alike"
Score: 9 Written on: 12.11.2016
Pros
  • Tight spreads
  • Multiple trading platforms
  • Powerful tools and resources available
  • Professional support and education
Cons
  • Fewer currency pairs compared to other brokers
"As an experienced trader, I've enjoyed working with Pepperstone. They offer great options and low spreads ."
Score: 9.5 Written on: 01.11.2016
Pros
  • Segregated accounts
  • Great customer support
  • FCA regulated
  • 4.3/5 rating on trustpilot on 858 reviews
Cons
  • No bonuses
  • Demo account available for only 30 days 
"A buddy of mine recommended Plus500 to me and I've been very pleased with my service thus far"
Score: 9 Written on: 18.10.2016
Pros
  • 53 Forex pairs
  • Demo Trading Account
  • Tight spreads 
  • Internationally respected trading platform
Cons
  • No telephone number for support
  • MT4 Trading not supported 
  • No US traders allowed to trade on site
How to Choose a Forex Broker?

Top8ForexBrokers.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:

  • Is the Forex Broker regulated?
  • Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too. 
  • Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
  • Availability of Customer Service. 
  • Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience.