Best Forex Brokers

We have done reviews of over 200 Forex Brokers but we wanted to save you some time. So this is our collection of the 6 best. We recommend each one— but they each have unique strengths that may work best for you.

Here are the top 6 Forex Brokers for 2023:

  • AvaTrade – Best Overall, Most safe
  • Vantage FX – Best for trading platforms and tools, Maximum leverage
  • FXTM – Best for low minimum deposit, tightest spreads
  • easyMarkets – Best for maximum leverages
  • TradeFred – Best For payment options
  • Pepperstone – Best Customer Support

Vantage FX Broker

Vantage FX – Best Forex Trading Platform

VANTAGE FX is an established and licensed Forex and CFD broker owned and operated by Vantage Group of Companies. Vantage International Group Limited trading under Vantage FX, is authorised and regulated by the Cayman Islands Monetary Authority (CIMA). Vantage Global Prime Pty Ltd trading under Vantage FX, is regulated by the Australian Securities and Investments Commission (ASIC). Vantage Global Prime LLP is authorised and regulated by the Financial Conduct Authority.

Vantage FX Review
Vantage FX Broker

Top 7 Takeaways for 2023

  • Established in 2009, VANTAGE FX is an award-winning NDD broker, offering online trading in more than 70 currency pairs, various CFDs and binary options. The broker has added many cryptocurrencies to its CFD offering: Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash.
  • Traders are required to deposit $200 in order to open an account with VANTAGE FX, which is an average initial amount.
  • As a NDD broker, VANTAGE FX offers variable spreads
  • Clients of VANTAGE FX are able to use leverage ratios up to 1:500 and such maximum leverage level is considered high.
  • With this broker investors can trade forex, commodities and indices CFDs through the MetaTrader 4 (MT4) platform and MetaTrader 5 platforms.
  • We should probably mention the SmartTrader Tools package offered by the broker, which is quite impressive.
  • Vantage FX does not charge any internal fees for electronic deposits or withdrawals.


  • STP/ECN trading Model
  • Low ECN trading cost
  • ASIC-regulated
  • ASIC-regulated
  • Attractive promotions available


  • No choice of trading platform

AvaTrade Broker

AvaTrade – Best For Safety of Funds

AvaTrade (foremerly AvaFX) is an international Forex and CFD broker established in 2006 as part of the Ava Group with headquarter at Dublin, Ireland. AvaTrade is regulated by six authorities in 5 continents. AVA Trade EU Ltd is regulated by the Central Bank of Ireland (No.C53877). AVA Trade Ltd is regulated by the B.V.I Financial Services Commission. Ava Capital Markets Australia Pty Ltd is regulated by the ASIC (No.406684). Ava Capital Markets Pty is regulated by the South African Financial Sector Conduct Authority (FSCA No.45984). Ava Trade Japan K.K. is regulated in Japan by the FSA (No.1662) and the FFAJ (No.1574).

Top 8 Takeaways for 2023

  • Part of a Global group, AvaTrade is a reputable award-winning broker with 10 years of experience, offering numerous trading solutions to the FX community.
  • AvaTrade offers more than 200 instruments for trade: more than 50 currency pairs, a wide range of CFDs on indices, stock, commodities, precious metals, ETFs, Bitcoin, Litecoin and others.
  • Traders are required to deposit $100 in order to open an account with AvaTrade, which is an average minimum initial amount.
  • They offer both fixed and variable spreads.
  • When trading with AvaTrade, you will be offered both MetaQuotes’ platforms – Metatrader 4 (MT4), and MetaTrader5.
  • AvaTrader’s automated trading package is remarkably rich. It includes ZuluTrade system, Mirror Trader, Signal Trader, and AvaTrade’s own Ava AutoTrader, which also enables algorithmic trading through your API interface.
  • AvaTrade is one of the few brokers offering spread betting on MT4, the profits of which are exempt from Capital Gains Tax & Stamp Duty.
  • Accepted currencies: EUR and USD, as well as GBP (only available for clients from the UK), and AUD (only available for Australian clients).


  • Well-regulated global broker in 6 continents
  • Competitive spreads
  • Choice of trading platforms, MT4 available
  • Variety of trading instruments
  • Attractive promotions available
  • Average initial deposit


  • Market maker model

TradeFred Broker

TradeFred – Best For Maximum Leverage, Wide variety of payment options.

TradeFred is an accomplished international Forex and CFD broker that is licensed by top tier regulatory agencies and have offices in UK, Australia and Vanuatu. TradeFred broker is powered by the Betfred group – a reputable bookmaker (sports betting company), regulated in the UK. There is also a negative balance protection for all its account types, one of the measures under consideration, regarding the trade of Contract For Differences (CFDs).

TradeFred Review
TradeFred Broker

Top 5 Takeaways for 2023

  • Tradefred is a forex broker, which offers three account types to its clients. The company also provides an Islamic swap-free account.
  • Tradefred requires an minimum deposit of at least $100. This is an average amount to start with in the current industry state.
  • Tradefred offers fixed spreads, starting from 3.0 pips on EUR/USD, which is considerably above the industry average at the moment.
  • The maximum leverage with this broker is 1:50. This is relatively low, in comparison to other brokers.
  • This broker provides its clients with MetaTrader 4 (MT4) and a web-based platform.


  • MetaTrader 4, Sirix web platforms available
  • Negative balance protection
  • CySEC license
  • Affiliated to bookmaking giant Betfred
  • Attractive promotions available
  • Average initial deposit


  • Market maker model
  • High spread
  • Low leverages

FXTM Broker

FXTM– Best Forex Low Minimum Deposit, Very Tight Spreads

FXTM is currently one of the Fastest growing Forex brokers, which specializes in trading Forex and Crypto currencies. They were founded in 2011 and are owned and operated by ForexTime Limited, a Cyprus based company. As it stands, FXTM is a global authority  in Forex and CFD trading having billions in traded volume.

FXTM Broker

Top 7 Takeaways in 2023

  • FXTM offers a wide range of trading accounts, which may be categorized in two groups: Standard (Standard, CENT, and Shares accounts) and ECN (ECN MT4, ECN MT5, ECN ZERO and Pro).
  • In order to open an account with FXTM, one has to invest just $10, which is a symbolically low minimum initial deposit.
  • Most of FXTM’s accounts are commission-free: Standard ones, as well as the ECN Zero and Pro accounts. Only ECN MT4 & ECN MT5 accounts involve a small commission fee of $4 (per standard lot round trip).
  • High leverage levels are available with Exinity Limited – up to 1:1000. The broker utilizes a floating leverage system.
  • FXTM is a broker that truly suits the needs of traders of all skill levels and preferences. Its offering covers more than 240 tradeable instruments, including a number of currency pairs, various CFDs, as well as ctyptocurrencies.
  • This broker supports both MetaQuutes platforms: MT4 and MT5. The broker offers both of them as desktop, web and mobile versions (for iOS & Android devices) and makes regular updates.
  • FXTM regularly organizes various promotions and trading contests, as it strives to offer its clients the best trading opportunities and to empower their skills and knowledge.


  • Solid regulation (FCA, CySEC)
  • Variety of tradable products (incl. cryptocurrencies in Exinity Limited only) and trading accounts offered
  • Tight ECN spreads, low-cost trading
  • Low minimum initial deposit & commission fees
  • Flexible leverage levels offered
  • Negative Balance Protection


  • No major disadvantages


In conclusion, here are eight simple questions to ask yourself when considering a broker to trade forex or CFDs (binary options are a complete scam and should never be traded):

  • Is the broker regulated
  • What is their minimum deposit requirement
  • What trading platform do they offer
  • What is their spreads on popular Forex pairs
  • What leverage can they offer me
  • What are their payment options
  • Are they market makers
  • How is their customer

Which Platform Do You Think Traders Choose?

This Platform That You Can Customize

MT4 Platform
MT4 Platform

or This Platform With No Options

Simple web based platform
Simple web based platform

Look at the many options available to investors using the Vantagefx Platform.

Try a Free Demo Account at:, and see how it is.

About Us

Firstly, congratulations on doing your research and due diligence!

Secondly, a little bit about us and why we are qualified to provide this review.

Forex Broker Expert is recognised for being a source of ground-breaking, high-quality, factual content that doesn’t leave any stone unturned. Tens of thousands of traders have used our reviews as a springboard to greater levels of trading success.

is to provide a transparent review of forex broker and to help guide you on your journey to finally finding a forex broker you can not only trust but be happy with.

At the end of the day, if you partner up with the wrong broker you can end up losing more money to fees, slippages and errors than actually trading yourself. Choosing a broker to partner with is a. big. deal…

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