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Best Forex Brokers Germany 2023

Marcus Taylor

Written by Marcus Taylor

December 27, 2022

The German Financial Market

The German financial markets have a long and storied history, with the Frankfurt Stock Exchange dating back to the late 1500s. This Frankfurt-based exchange is the largest in Germany and in 2018 was ranked in the top 10 largest in the world by market capitalization.

The Frankfurt Stock Exchange also accounts for 90% of German turnover at its two trading venues, with the remaining balance seen at Germany’s six other regional exchanges. Xetra is the first venue that handles stocks and exchange-traded funds (ETFs) and forms the basis of the German DAX stock index. The second is the Börse Frankfurt, which primarily offers a private investor trading venue with approximately 1.6 million available securities.

In addition, according to the International Monetary Fund (IMF), the Euro (EUR) is now the second most popular reserve currency worldwide, amounting to approximately 19% of total central bank reserves in Q3 2018. The euro has even surpassed the U.S. dollar in terms of the value of notes and coins in circulation.

In general, German financial markets and the euro benefit from Europe’s economic strength, although they can come under pressure when EU member states show financial weakness or signs of separation. An example was the European sovereign debt crisis that commenced toward the end of 2009 as some Eurozone member states became unable to refinance or repay their sovereign debt or bail out local banks without external assistance. This crisis affected Greece, Portugal, Spain, Ireland, Cyprus, and Italy.

Factors that influence the euro and German financial markets include the price of key strategic commodities like oil, as well as engineering exports like machinery, cars, chemicals, and metals. Ups and downs in the ongoing Brexit negotiations have also had notable effects. In addition, an escalation in the U.S.-China trade war could potentially affect the German markets favorably since large and developed nations tend to benefit when those disputing countries lose.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.

Best Online Brokers for Germany

  • IG
    - 9.9/10 Overall
  • FOREX.com
    - 9.3/10 Overall
  • XTB - 9/10 Overall
  • eToro - 8.8/10 Overall
  • AvaTrade - 8.6/10 Overall
  • Plus500 - 8.5/10 Overall
  • Capital.com - 8.4/10 Overall
  • XM Group - 8.4/10 Overall
  • Pepperstone - 8.4/10 Overall
  • Admiral Markets - 8.3/10 Overall
  • Markets.com - 8.2/10 Overall
  • Tickmill - 7.9/10 Overall
  • BlackBull Markets - 7.9/10 Overall
  • HFM - 7.7/10 Overall
  • HYCM (Henyep) - 7.7/10 Overall
Overall Rating
9.9 / 10
Minimum Initial Deposit
£250.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.86 (September 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1974
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses7
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)19537
Forex Pairs (Total)100
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)33
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
9.3 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)5500
Forex Pairs (Total)91
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)203
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
9 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.07 (Q3 2022)
All-in Cost EUR/USD - Active1.04 (Q3 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2002
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12000
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)39
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
8.8 / 10
Minimum Initial Deposit
$10-$10,000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1 (August 2021)
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3458
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)66
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes
Overall Rating
8.6 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.91 (Aug 2020)
All-in Cost EUR/USD - Active0.61 (Aug 2020)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2006
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses4
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1260
Forex Pairs (Total)55
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)90
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
8.5 / 10
Minimum Initial Deposit
€100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6 (as of Aug 2018)
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2008
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)2800
Forex Pairs (Total)71
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)110
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes
Overall Rating
8.4 / 10
Minimum Initial Deposit
$20
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Average Risk
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6 (July 2021)
All-in Cost EUR/USD - Active0.6 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2016
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)6000
Forex Pairs (Total)138
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)75
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes
Overall Rating
8.4 / 10
Minimum Initial Deposit
$5
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.6 (Aug 2020)
All-in Cost EUR/USD - Active0.8 (Aug 2021)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2009
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1372
Forex Pairs (Total)57
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes
Overall Rating
8.4 / 10
Minimum Initial Deposit
$200
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.77 (September 2022)
All-in Cost EUR/USD - Active0.87 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2010
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1200
Forex Pairs (Total)62
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)15
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes

Trading in Germany

The financial regulator in Germany responsible for overseeing contract for difference (CFD) and forex trading is known as the Federal Financial Supervisory Authority (BaFin). BaFin brings together under one roof the supervision of banks and financial services providers, insurance undertakings, and securities trading.

BaFin recently announced it intends to place permanent restrictions on retail CFD trading at a national level, including those on the promotion, sale, and distribution of CFDs to German retail clients. BaFin’s CFD product intervention measures will also include protection for retail traders against negative balances, a maximum permissible leverage ratio, a trade close-out rule when margin is depleted, an incentives restriction, and clear standard risk warnings.

With respect to stocks, the Frankfurt Stock Exchange (FSE) primary DAX index is comprised of 30 of the biggest and most actively traded German corporations that represent about 75% of the exchange’s total market capitalization. The VDAX and the Eurostoxx 50 are additional indices, with equities trading on the exchange via the Xetra electronic trading system, in addition to funds, warrants, bonds, and commodities.

Those looking to trade speculatively on the German financial market have a number of options available through online brokers that let clients operate using their trading platforms:

  • Forex Trading: Exchanging one currency for another forms the basis of forex trading. Exchange rates fluctuate as one currency rises or falls relative to another in particular currency pair. The popularity of forex trading has expanded greatly once online trading became possible. The forex market is the most liquid and largest financial market globally and had a daily turnover of $5.1 trillion/day in April 2016, according to data compiled by the Bank for International Settlements (BIS). The EU’s euro was ranked second by the BIS among the most actively traded currencies in 2016, making up around 31.4 percent of the overall forex market’s daily turnover which fell slightly from 2013’s 33.4 percent share.
  • CFD Trading: Making transactions in derivative financial instruments known as contracts for difference (CFDs) allows traders to speculate on the future of their underlying assets. Such assets can consist of a currency pair, commodity, stock, stock index, or other financial instruments.
  • Demo accounts: Funded with virtual money, these accounts can be used to practice trading, test a strategy, or check out a broker’s services and platform. Find out more on opening demo accounts here.
  • Islamic accounts: These are suitable for traders who wish to trade in an account that conforms to Sharia law. Find out more about trading with an Islamic account.

Opportunities of Trading in Germany

Germany Trade and Invest (GTAI), the country’s economic development agency, points out a number of the country’s strengths that provide excellent opportunities for trading, investment and business in world’s fourth largest economy.

The GTAI also points out five of Germany’s key advantages as follows:

  1. A large domestic market with easy access the entire European Union.
  2. Third largest exporter, close to China and the United States.
  3. Competitive productivity, quality and unit labor costs.
  4. Excellent educational system with 81 percent at university entrance level or higher.
  5. Top research location in Europe, world innovation leader and leading patent applicant.

Furthermore,according to reports, more than 100 London tech startups are currently in the talks to move to Germany since the 2016 Brexit referendum. Of these many new FinTech startups, BaFin will regulate any company that offer financial services, including new Fintech firms, and this sector offers a potential route for advancement in the future.

Challenges of Trading in Germany

With Germany remaining a major part of the European Union, Brexit outcome fears, unrest in other European countries, and the ongoing European Sovereign Debt Crisis have weakened the euro considerably. A lack of regulation could also lead to potentially higher investment and inflation risks, and the International Monetary Fund has increased pressure on Germany’s government to help reduce its high trade surplus by increasing public investment.

Furthermore, while Germany has a fairly stable and well-managed economy, its political structure has become quite divided in recent years, which can cause some concerns due to the need for coalitions.

Summary

Traders will generally find German markets well-regulated by BaFin, as well as orderly and accessible via modern dealing and financial technology. When a trader is searching for an online broker to trade through, they should ensure that the firm has an appropriate asset classes range, an ergonomic trading platform, oversight by a good financial regulator, and sufficient trustworthiness to place a margin deposit with them.

BrokerNotes.co 2023 Overall Rankings

To recap, here are our top forex brokers for 2023, sorted by Overall ranking.

Company Accepts DE Residents Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
IG logoIG check 9.9 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
Saxo Bank logoSaxo Bank check 9.7 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
Interactive Brokers logoInteractive Brokers check 9.7 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
CMC Markets logoCMC Markets check 9.6 $0 0.51 (August 2022) 99 Highly Trusted 12377
TD Ameritrade logoTD Ameritrade check 9.5 $0 1.25 pips (September 2022) 99 Highly Trusted 0
FOREX.com logoFOREX.com check 9.3 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
City Index logoCity Index check 9.2 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
XTB logoXTB check 9 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
eToro logoeToro check 8.8 $10-$10,000 1 (August 2021) 93 Highly Trusted 3458
Swissquote logoSwissquote check 8.7 $1000 N/A 99 Highly Trusted 466
AvaTrade logoAvaTrade check 8.6 $100 0.91 (Aug 2020) 93 Highly Trusted 1260
FXCM logoFXCM check 8.5 Starts from $50 1.38 (Q2 2022) 96 Highly Trusted 441
Plus500 logoPlus500 check 8.5 €100 0.6 (as of Aug 2018) 98 Highly Trusted 2800
Capital.com logoCapital.com check 8.4 $20 0.6 (July 2021) 77 Average Risk 6000
XM Group logoXM Group check 8.4 $5 1.6 (Aug 2020) 90 Trusted 1372
Pepperstone logoPepperstone check 8.4 $200 0.77 (September 2022) 93 Highly Trusted 1200
OANDA logoOANDA check 8.4 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
Admiral Markets logoAdmiral Markets check 8.3 $100 0.8 (July 2021) 87 Trusted 8425
FP Markets logoFP Markets check 8.3 $100 AUD 1.2 (August 2022) 86 Trusted 10000
IC Markets logoIC Markets check 8.2 $200 0.62 (August 2022) 86 Trusted 3583
Markets.com logoMarkets.com check 8.2 $100 1.9 (as of Oct 2019) 98 Highly Trusted 2179
FxPro logoFxPro check 8.1 $100 1.51 (August 2020) 90 Highly Trusted 2249
Fineco Bank logoFineco Bank check 7.9 $0 N/A 92 Highly Trusted 126
Tickmill logoTickmill check 7.9 $100 0.51 (August 2022) 82 Trusted 295
BlackBull Markets logoBlackBull Markets check 7.9 $0 0.827 (August 2022) 74 Average Risk 26000
DooPrime logoDooPrime check 7.8 $100 -1 84 Trusted 10000
BDSwiss logoBDSwiss check 7.8 $100-$5000 (depending on account type) 1.6 (08/10/22) 83 Trusted 1081
TMGM logoTMGM check 7.8 $100 0.96 (July 2021) 79 Average Risk 12000
HFM logoHFM check 7.7 $5 1.2 (August 2021) 85 Trusted 3500
FlowBank logoFlowBank check 7.7 $0.00 N/A 77 Average Risk 408600
HYCM (Henyep) logoHYCM (Henyep) check 7.7 $100 0.6 (Sept 2021) 86 Trusted 245
Vantage logoVantage check 7.7 $50 1.22 (August 2021) 83 Trusted 1000
Trading 212 logoTrading 212 check 7.6 EUR 10 N/A 77 Average Risk 1785
Eightcap logoEightcap check 7.6 $100 1.0 (Aug 2022) 87 Trusted 326
Trade Nation logoTrade Nation check 7.5 $0 0.6 83 Trusted 601
Moneta Markets logoMoneta Markets check 7.5 $50 1.27 (September 2022) 71 Average Risk 965
ThinkMarkets logoThinkMarkets check 7.4 $250.00 N/A 86 Trusted 1674
VT Markets logoVT Markets check 7.4 $200 1.2 (September 2021) 71 Average Risk 168
ACY Securities logoACY Securities check 7.4 $50 1.2 (Sept 2021) 75 Average Risk 1600
easyMarkets logoeasyMarkets check 7.3 $100 0.9 (as of Mar 2020) 84 Trusted 199
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) check 7.3 $100 1.4 (Jan 2022) 69 High Risk 12000
IronFX logoIronFX check 7.2 $50 1.2 84 Trusted 340
Exness logoExness check 7.2 $1 0.9 (as of May 19) 74 Average Risk 112
Spreadex logoSpreadex check 7.2 $0 -1 70 Average Risk 2000
Trade360 logoTrade360 check 7.1 $250 N/A 75 Average Risk 1062
AxiTrader logoAxiTrader check 7.1 0 N/A 83 Trusted 175
GKFX logoGKFX check 7.1 $0 N/A 66 High Risk 354
Vestle logoVestle check 7.1 -1 -1 79 Average Risk 750
OctaFX logoOctaFX check 7 $25 0.6 (August 2021) 67 High Risk 80
FXOpen logoFXOpen check 7 $100 N/A 80 Trusted 87
TeleTrade logoTeleTrade check 7 $100 -1 67 High Risk 500
FXPrimus logoFXPrimus check 6.9 $100 N/A 69 High Risk 140
Forex4you logoForex4you check 6.9 $0 -1 62 High Risk 150
LegacyFX logoLegacyFX check 6.9 $500 0 75 Average Risk 425
GBE brokers logoGBE brokers check 6.8 $500 -1 69 High Risk 500
Alpari logoAlpari check 6.8 $20 N/A 67 High Risk 105
TopFX logoTopFX check 6.7 Depends on payment method N/A 67 High Risk 655
Libertex (Forex Club) logoLibertex (Forex Club) check 6.7 $10 -1 72 Average Risk 300
ATFX logoATFX check 6.6 $500 -1 70 Average Risk 150
UFX logoUFX check 6.6 $100 3 (Jan 2021) 67 High Risk 619
Xtrade logoXtrade check 6.5 $250 -1 80 Trusted 142
Tradeo logoTradeo check 6.4 $200 -1 67 High Risk 256

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

Marcus Taylor
Marcus Taylor

BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.


Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.

Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

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