Top 20 Best and Most Trusted Forex Brokers in 2023

Are you looking for the best and most trusted forex broker in 2023-2024? To start trading you must choose the right broker, including the one we recommend for you below.

Do you want to speculate that the value of the Euro currency (EUR) will rise against the US Dollar (USD)? To do this, you will trade (or place a spread bet on) the EUR/USD currency pair, which is a forex investment. The forex market is the largest and most liquid market in the world, representing every global currency with trading taking place 24 hours a day, five days a week.

To trade forex, you need a reputable online broker. Trading with a trusted forex broker is a crucial factor for success in the international currency market. As a contracts for difference (CFD) trader or forex investor, you may have specific needs regarding your platform, trading tools or research requirements. Understanding more about your investment style needs can help determine which forex broker is best for you.

Every year, our team at ForexBrokers.com examines the biggest names in foreign exchange and puts together a guide to the best forex brokers for forex and CFD trading. Here are our findings for 2023.

CFDs are complex instruments and carry a high risk of losing money quickly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Top 20 Best and Most Trusted Forex Brokers in 2023

Here are the 20 best forex trading brokers currently:

TOP 20 THE BEST TRADING BROKERS

1

JustMarkets

$1 Minimum Deposit
Open New Account
Regulated in Cyprus

5.0

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2

Exness

$1 Minimum Deposit
$10 Welcome Bonus
Regulated in Cyprus

5.0

Signup Today Read Review

3

OctaFX

$10 Minimum Deposit
$50 Welcome Bonus
Regulated in Cyprus

5.0

Signup Now Read Review

4

FXTM

$10 Minimum Deposit
$50 Welcome Bonus
Regulated in Cyprus

5.0

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5

RoboForex

$5 Minimum Deposit
$10 Welcome Bonus
Regulated in Belarus

5.0

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6

Weltrade

$1 Minimum Deposit
Open New Account
Regulated in Saint Vincent

5.0

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7

ZFX

$50 Minimum Deposit
$100 Welcome Bonus
Regulated in United Kingdom

5.0

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8

XM

$1 Minimum Deposit
Free Open Account
Regulated in Australia

5.0

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9

Olymp Trade

$10 Min Deposit
$10000 Demo Account
Regulated in Vanuatu

5.0

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10

Binolla

Earn up to 50% commission
Up to 50% Profit sharingOFF Code Coupon
Founded in 2024

4.8

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11

Bitness

$5 Minimum Deposit
$10000 Demo Account
Fast withdrawal

4.8

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12

SuperForex

$1 Minimum Deposit
$200 Welcome Bonus
Regulated in Belize

4.8

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13

MTrading

$1 Minimum Deposit
$100 Welcome Bonus
Regulated in Saint Vincent and the Grenadines

4.8

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14

LiteFinance

$1 Minimum Deposit
$150 Welcome Bonus
Regulated in Cyprus

4.8

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15

FXOpen

$1 Minimum Deposit
Open New Account
Regulated in Cyprus

4.8

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16

Maxco

$10 Minimum Deposit
Open New Account
Regulated in Indonesian

4.8

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17

EagleFX

$5Minimum Deposit
$5 Welcome Bonus
Regulated in Dominic

4.8

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18

Alfa Bank

Free Create Account
20% Welcome bonus
Founded in 1990

4.8

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19

TradingView

Free Signup Today
$15 Refer a friend
Founded in 2011

4.8

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20

AMarkets

$2 Minimum Deposit
Open New Account
Regulated in Saint Vincent and the Grenadines

4.5

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