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

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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.


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.
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.


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