Best Forex Brokers Malaysia 2023

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

January 04, 2023

Just north of the equator lies Malaysia, a country split by the South China Sea into two regions – the southern end of the Malay Peninsula, and the northern tip of the island of Borneo.

Blanketed in near-constant rainfall, Peninsular Malaysia’s lush rainforests are flanked on the coasts by dense forests of mangrove. It also hosts the capital city of Malaysia – Kuala Lumpur – a hugely important financial center in Southeast Asia and home to Malaysia’s own stock market, the Bursa Malaysia Exchange.

Here at BrokerNotes, we conducted extensive research and data collection on forex brokers, local regulatory agencies and stock exchanges, and Malaysian monetary policy to create this guide to help you pick the best forex broker for trading in Malaysia.

Choosing a forex broker in Malaysia

Whether you are an active trader with deep forex experience, or a beginner who is just getting their start in the forex world, choosing a well-regulated forex broker is crucial if you want to steer clear of forex scams. Not all regulatory licenses carry the same weight, however, and regulatory environments can vary widely from country to country.

Our Trust Score, a proprietary algorithm, ranks regulatory agencies and their respective countries into three groups, with Tier 1 indicating the most stringent (which is good) and Tier 3 the least. We collect comprehensive data on each broker, which results in a ranking from 1 to 99 of the broker’s overall trust (the higher a broker’s Trust Score, the better). Learn more about Trust Score at our sister site, ForexBrokers.com.

Financial regulation in Malaysia for online forex and contract for difference (CFD) brokers falls under the auspices of the Securities Commission Malaysia (SCM), a self-funded statutory body that is responsible for developing and regulating the Malaysian capital markets, and for overseeing the conduct of financial market participants.

Just a few miles off the coast of Borneo lies a small island named Labuan (officially the Malaysian Federal Territory of Labuan) with its own local regulator, the Labuan Financial Services Authority (FSA). The FSA in Labuan oversees forex and CFD brokers located in Labuan’s special economic zone, the Labuan International Business Financial Center (Labuan IBFC).

Best forex brokers for trading in Malaysia

To help you find the best forex brokers, we curated a list of every broker that accepts new clients from Malaysia*. We conducted meticulous research on those brokers, using over 100 data-driven variables (including our proprietary Trust Score), resulting in this list of the overall best brokers in Malaysia:

• IG
  - 9.9/10 Overall
• FOREX.com
  - 9.3/10 Overall
• XTB - 9/10 Overall
• AvaTrade - 8.6/10 Overall
• XM Group - 8.4/10 Overall
• Admiral Markets - 8.3/10 Overall
• IC Markets - 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
• Eightcap - 7.6/10 Overall
• ThinkMarkets - 7.4/10 Overall
• easyMarkets - 7.3/10 Overall
• AxiTrader - 7.1/10 Overall

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(Trading forex carries a high level of risk.)

IG

Overall Rating

9.9 / 10

Minimum Deposit

£250.00

Trust Score

Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Trust Score

Low Risk

• Cost & Funding
• Regulation
• Investment Options
• Trading Platforms
• Apps & Tools

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.86
All-in Cost EUR/USD - Active	0.5957
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	No
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	1974
Publicly Traded (Listed)	Yes
Bank	Yes
Tier-1 Licenses	7
Tier-2 Licenses	2

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	19537
Forex Pairs (Total)	100
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	33

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

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A Global Market Leader!

Trading forex carries a high level of risk.

FOREX.com

Overall Rating

9.3 / 10

Minimum Deposit

$100

Trust Score

Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Trust Score

Low Risk

• Cost & Funding
• Regulation
• Investment Options
• Trading Platforms
• Apps & Tools

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	1.0
All-in Cost EUR/USD - Active	1.0
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	No
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	1999
Publicly Traded (Listed)	Yes
Bank	No
Tier-1 Licenses	4
Tier-2 Licenses	2

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	5500
Forex Pairs (Total)	91
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	Yes
Social Trading / Copy Trading	No
Charting - Indicators / Studies (Total)	203

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

XTB

Overall Rating

9 / 10

Minimum Deposit

$0

Trust Score

Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Trust Score

Low Risk

• Cost & Funding
• Regulation
• Investment Options
• Trading Platforms
• Apps & Tools

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	1.07
All-in Cost EUR/USD - Active	1.04
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2002
Publicly Traded (Listed)	Yes
Bank	No
Tier-1 Licenses	1
Tier-2 Licenses	3

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	12000
Forex Pairs (Total)	57
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	39

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

AvaTrade

Overall Rating

8.6 / 10

Minimum Deposit

$100

Trust Score

Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Trust Score

Low Risk

• Cost & Funding
• Regulation
• Investment Options
• Trading Platforms
• Apps & Tools

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.92
All-in Cost EUR/USD - Active	0.61
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2006
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	4
Tier-2 Licenses	4

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	1260
Forex Pairs (Total)	55
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	80

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

XM Group

Overall Rating

8.4 / 10

Minimum Deposit

$5

Trust Score

Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Highly Trusted

Trust Score

Low Risk

• Cost & Funding
• Regulation
• Investment Options
• Trading Platforms
• Apps & Tools

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	1.6
All-in Cost EUR/USD - Active	0.8
PayPal (Deposit/Withdraw)	No
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2009
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	2
Tier-2 Licenses	1

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	1372
Forex Pairs (Total)	57
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	No
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	30

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Admiral Markets

Overall Rating

8.3 / 10

Minimum Deposit

$100

Trust Score

Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Trusted

Trust Score

Low Risk

• Cost & Funding
• Regulation
• Investment Options
• Trading Platforms
• Apps & Tools

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.8
All-in Cost EUR/USD - Active	0.7
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2001
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	2
Tier-2 Licenses	1

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	8425
Forex Pairs (Total)	50
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	Yes
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	30

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

IC Markets

Overall Rating

8.2 / 10

Minimum Deposit

$200

Trust Score

Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Trusted

Trust Score

Low Risk

• Cost & Funding
• Regulation
• Investment Options
• Trading Platforms
• Apps & Tools

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.62
All-in Cost EUR/USD - Active	0.62
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2007
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	1
Tier-2 Licenses	1

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	3583
Forex Pairs (Total)	61
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	No
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	30

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

Tickmill

Overall Rating

7.9 / 10

Minimum Deposit

$100

Trust Score

Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Trusted

Trust Score

Low Risk

• Cost & Funding
• Regulation
• Investment Options
• Trading Platforms
• Apps & Tools

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.51
All-in Cost EUR/USD - Active	0.31
PayPal (Deposit/Withdraw)	Yes
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2014
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	1
Tier-2 Licenses	2

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	295
Forex Pairs (Total)	62
Bitcoin	Yes

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	No
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	30

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	Yes
Economic Calendar	Yes

BlackBull Markets

Overall Rating

7.9 / 10

Minimum Deposit

$0

Trust Score

Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close

Average Risk

Trust Score

Low Risk

• Cost & Funding
• Regulation
• Investment Options
• Trading Platforms
• Apps & Tools

Cost & Fundingexpand_moreexpand_less

Average Spread EUR/USD - Standard	0.827
All-in Cost EUR/USD - Active	0.827
PayPal (Deposit/Withdraw)	No
Skrill (Deposit/Withdraw)	Yes
Visa/Mastercard (Credit/Debit)	Yes

Regulationexpand_moreexpand_less

Year Founded	2014
Publicly Traded (Listed)	No
Bank	No
Tier-1 Licenses	1
Tier-2 Licenses	0

Investment Optionsexpand_moreexpand_less

Forex Trading	No
Mobile Trading - Forex or CFDs	Yes
Tradeable Symbols (Total)	26000
Forex Pairs (Total)	72
Bitcoin	No

Trading Platformsexpand_moreexpand_less

Virtual Trading (Demo)	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes
Proprietary Platform	No
Social Trading / Copy Trading	Yes
Charting - Indicators / Studies (Total)	30

Apps & Toolsexpand_moreexpand_less

Android App	Yes
Apple iOS App	Yes
Has Education - Forex or CFDs	Yes
Daily Market Commentary	Yes
Forex News (Top-Tier Sources)	No
Economic Calendar	Yes

*It’s important to note that with the exception of licensed onshore banks and primary market makers in Malaysia that cater to non-residents, retail forex and CFDs are not formally regulated in Malaysia, and it’s considered unlawful for residents to use unlicensed forex brokers under the Exchange Control Act (ECA) of 1953, according to Malaysia’s central bank. However, despite warnings from the local regulator in Malaysia for residents to avoid using certain scam brokers, there are still many forex brokers regulated in other countries that continue to accept clients in Malaysia.

Malaysia’s financial markets

Forex traders may recognize the Malaysian ringgit (MYR) as Malaysia’s national currency, which in 2005 was unpegged from the U.S. dollar (USD) and replaced with a managed float system, similar to existing central bank monetary policies all around the world. Malaysia’s central bank, Bank Negara Malaysia (BNM), retains sole authority for issuing and regulating the ringgit.

Malaysia’s primary stock market is the Bursa Malaysia Exchange (previously the Kuala Lumpur Stock Exchange), based in Kuala Lumpur. The Bursa Malaysia Exchange provides trade execution for Malaysian stocks, fixed income products, funds, and exchange-traded funds (ETFs), as well as derivatives via the Bursa Malaysia Derivatives (BMD) marketplace.

Aiming to promote Malaysia as an international hub of Islamic finance, Bursa Malaysia has established an Islamic Market to provide a Sharia-compliant trading platform and associated financial products.

To learn more about Sharia-compliant trading products, feel free to take a look at our guide to Islamic Accounts.

Is trading forex legal in Malaysia?

Yes, there are many foreign brokers regulated in other countries that accept Malaysian residents. Despite messaging from the Malaysian government via the central bank (which states that it is an offense to trade forex with an unauthorized dealer under the Exchange Control Act (ECA) of 1953 and warnings from the local regulator (SCM) about potential scam firms, it is legal to trade forex in Malaysia.

There are also over 163 Appointed Overseas Offices (AOOs) for banks and brokerages that are licensed to deal with non-residents in Malaysia for financial services such as forex trading, per the Central Bank of Malaysia’s FX Policy.

Is Metatrader 4 legal in Malaysia?

Yes, the Metatrader platform, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), developed by MetaQuotes Software Corporation, is licensed to hundreds of brokers around the world and is legal to use in Malaysia.

However, the regulatory status of the forex broker that is offering MetaTrader in Malaysia (or any platform, for that matter) must be checked on a case-by-case basis, to determine whether the broker is authorized by the local regulator, the SCM.

Is Forex Trading taxable in Malaysia?

Yes, forex trading is taxable in Malaysia, as capital gains are taxable events. Residents of Malaysia are responsible for reporting their worldwide income, whether from local investments or from trading forex with a foreign broker. It is best to consult with your local accountant to best determine how to treat your reportable taxable gains from forex trading in Malaysia.

Which forex broker is the best in Malaysia?

IG is the best broker for forex trading in Malaysia. Out of all brokers we rank on BrokerNotes that accept Malaysian residents, IG stands out from the competition in almost every category and is consistently top-ranked in the areas that matter most. Though not regulated in Malaysia, IG has obtained the highest Trust Score possible for a forex broker.

IG offers a wide range of currency pairs (including forex options) and complex order types for advanced trading strategies, while still catering to beginners with its rich forex educational courses, making it a compelling choice for Malaysian investors.

Which broker has the best mobile app?

Saxo Bank offers the best mobile app for forex trading in 2023. Saxo Bank’s SaxoTraderGO web and mobile platforms provide a powerful selection of tools combined with top-notch research in a highly unified cross-platform experience.

Neck and neck with Saxo Bank is IG. With the IG Trading app, forex traders gain access to a well-designed platform that comes packed with features like alerts, sentiment readings, and sophisticated charting capabilities.

Which broker is best for beginners?

IG is the best broker for beginners in 2023, thanks to its vast selection of comprehensive educational resources. IG has a massive variety of content for beginners across various media formats such as videos, articles, and podcasts, including in-house content from IG’s DailyFX news portal.

IG’s high-quality educational content is bolstered by interactive courses that allow you to track your progress while learning how to trade forex and CFDs. IG has even developed a standalone mobile app (in addition to their award-winning IG Trading app) dedicated to helping beginners learn about the financial markets.

BrokerNotes.co 2023 Overall Rankings

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

Company	Accepts MY Residents	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard	Trust Score	Tradeable Symbols (Total)	Read Review	Visit Site
IG	check	9.9	£250.00	0.86	99	19537	IG Review	Visit Site
Saxo Bank	check	9.7	€2,000	0.9	99	60000	Saxo Bank Review
Interactive Brokers	check	9.7	$0	0.6	99	8500	Interactive Brokers Review
CMC Markets	check	9.6	$0	0.51	99	12377	CMC Markets Review
TD Ameritrade	check	9.5	$0	1.25	99	0	TD Ameritrade Review
FOREX.com	check	9.3	$100	1.0	99	5500	FOREX.com Review	Visit Site
City Index	check	9.2	£100.00	1.0	99	13500	City Index Review
XTB	check	9	$0	1.07	95	12000	XTB Group Review
eToro	check	8.8	$10-$10,000	1	93	3458	eToro Review
Swissquote	check	8.7	$1000	N/A	99	466	Swissquote Review
AvaTrade	check	8.6	$100	0.92	93	1260	AvaTrade Review
FXCM	check	8.5	Starts from $50	1.38	96	440	FXCM Review
Plus500	check	8.5	€100	0.8	98	2800	Plus500 Review
Capital.com	check	8.4	$20	0.6	84	6000	Capital.com Review
XM Group	check	8.4	$5	1.6	90	1372	XM Group Review
Pepperstone	check	8.4	$200	0.77	93	2342	Pepperstone Review
OANDA	check	8.4	$0	1.26	92	124	OANDA Review
Admiral Markets	check	8.3	$100	0.8	87	8425	Admiral Markets Review
FP Markets	check	8.3	$100 AUD	1.2	86	10000	FP Markets Review
IC Markets	check	8.2	$200	0.62	86	3583	IC Markets Review
Markets.com	check	8.2	$100	1.9	98	2179	Markets.com Review
FxPro	check	8.1	$100	1.51	90	2249	FxPro Review
Fineco Bank	check	7.9	$0	N/A	92	126	Fineco Bank Review
Tickmill	check	7.9	$100	0.51	82	295	Tickmill Review
BlackBull Markets	check	7.9	$0	0.827	74	26000	BlackBull Markets Review
DooPrime	check	7.8	$100	N/A	84	10000	DooPrime Review
BDSwiss	check	7.8	$100-$5000	1.6	84	1081	BDSwiss Review
TMGM	check	7.8	$100	0.96	79	12000	TMGM Review
HFM	check	7.7	$5	1.2	85	3500	HFM Review
FlowBank	check	7.7	$0.00	N/A	77	408600	FlowBank Review
HYCM (Henyep)	check	7.7	$100	0.6	86	362	HYCM Review
Vantage	check	7.7	$50	1.22	83	1000	Vantage Review
Trading 212	check	7.6	EUR 10	N/A	77	1785	Trading 212 Review
Eightcap	check	7.6	$100	1.0	87	736	Eightcap Review
Trade Nation	check	7.5	$0	0.6	83	601	Trade Nation Review
Moneta Markets	check	7.5	$50	1.27	71	965	Moneta Markets Review
ThinkMarkets	check	7.4	$250.00	N/A	86	1674	ThinkMarkets Review
VT Markets	check	7.4	$200	1.2	71	168	VT Markets Review
ACY Securities	check	7.4	$50	1.2	77	1600	ACY Securities Review
easyMarkets	check	7.3	$100	0.9	84	199	a href="/reviews/easymarkets">easyMarkets Review
RoboForex (RoboMarkets)	check	7.3	$100	1.4	69	12000	Roboforex (RoboMarkets) Review
IronFX	check	7.2	$50	1.2	84	340	IronFX Review
Exness	check	7.2	$1	0.9	74	112	Exness Review
Spreadex	check	7.2	$0	N/A	70	2000	Spreadex Review
Trade360	check	7.1	$250	N/A	77	1062	Trade360 Review
AxiTrader	check	7.1	0	N/A	83	175	Axitrader Review
GKFX	check	7.1	$0	N/A	66	354	GKFX Review
Vestle	check	7.1	-1	N/A	79	750	Vestle Review
OctaFX	check	7	$25	0.9	67	229	OctaFX Review
FXOpen	check	7	$100	N/A	80	87	FXOpen Review
TeleTrade	check	7	$100	N/A	67	500	Teletrade Review
FXPrimus	check	6.9	$100	N/A	69	140	FXPrimus Review
Forex4you	check	6.9	$0	N/A	62	150	Forex4you Review
LegacyFX	check	6.9	$500	N/A	67	425	LegacyFX Review
GBE brokers	check	6.8	$500	N/A	69	500	GBE Brokers Review
Alpari	check	6.8	$20	N/A	67	105	Alpari Review
TopFX	check	6.7	Depends on payment method	N/A	67	655	TopFX Review
Libertex (Forex Club)	check	6.7	$10	N/A	72	300	Libertex Review
ATFX	check	6.6	$500	N/A	74	150	ATFX Review
UFX	check	6.6	$100	3	62	619	UFX Review
Xtrade	check	6.5	$250	N/A	80	142	Xtrade Review
Tradeo	check	6.4	$200	N/A	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

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans

John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.