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Best Forex Brokers Saudi Arabia 2023

Steven Hatzakis

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

January 04, 2023

Home to densely populated urban areas, skylines dotted with glittering skyscrapers, and barren deserts that stretch for hundreds of thousands of miles, Saudi Arabia is a country of striking contrasts. Located on the Arabian Peninsula, Saudi Arabia also happens to be one of the most important financial centers in the Middle East region.

Saudi Arabia's largest city, Riyadh, is situated just a few hundred miles away from the Persian Gulf, and houses over seven million people. Riyadh is also home to Tadāwul, or the Saudi Stock Exchange, considered to be the largest capital market in the Middle East region.

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

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.

Choosing a regulated forex broker in Saudi Arabia

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.

The primary Saudi financial sector regulator is the Capital Market Authority of Saudi Arabia (CMA), which is responsible for regulating financial markets pursuant to Saudia Arabian Capital Market Law.

When it comes to financial regulation for the banking, insurance, and financial sectors (and all aspects of controlling and regulating the Riyal), that responsibility belongs to Saudia Arabia's central bank.

Best forex brokers for trading in Saudi Arabia

To help you find the best forex brokers, we curated a list of every broker that accepts new clients from Saudi Arabia. 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 Saudi Arabia:

  • IG
    - 9.9/10 Overall
  • FOREX.com
    - 9.3/10 Overall
  • XTB - 9/10 Overall
  • Swissquote - 8.7/10 Overall
  • AvaTrade - 8.6/10 Overall
  • Plus500 - 8.5/10 Overall
  • Capital.com - 8.4/10 Overall
  • XM Group - 8.4/10 Overall
  • Admiral Markets - 8.3/10 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
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
8.7 / 10
Minimum Initial Deposit
$1000
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 - StandardN/A
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1996
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses4
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)466
Forex Pairs (Total)78
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)49
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
8.6 / 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
8.3 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.8 (July 2021)
All-in Cost EUR/USD - Active0.7 (July 2021)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2001
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)8425
Forex Pairs (Total)50
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)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

Saudi Arabia's financial markets

Forex traders may recognize the riyal (SAR) as Saudi Arabia's national currency. The riyal is subdivided into 100 smaller denominations, known as halalas. Forex markets and Saudi forex brokers are affected by the monetary policy as regulated by the Saudi Arabian Monetary Authority (SAMA), which issues and manages Saudi Arabia's national currency.

The primary stock market in Saudi Arabia is the Saudi Stock Exchange – or, Tadāwul – based in Riyadh, and considered to be the largest capital market in the Middle East. The Saudi Stock Exchange provides listing services for stocks, mutual funds, real estate investment trusts (REITs), and exchange-traded funds (ETFs).

The Saudi Stock Exchange also offers trading services for Islamic products, such as sukuk (sharia-compliant, fixed-income instruments). Many of the forex brokers that accept Saudi Arabian residents as clients will offer the ability to own what's known as an Islamic account. At the most basic level, Islamic accounts are Sharia-compliant interest-free accounts that are reserved for clients who follow the Islamic faith.

Is forex trading legal in Saudi Arabia?

Yes, forex trading is legal in Saudi Arabia, as long as you transact with brokers that are regulated in Saudi Arabia by the local authorities. If you are a Saudi national, you will usually have no restrictions on the amount of money you can deposit or withdraw, whether you are dealing with locally regulated brokers, or with foreign brokers that are regulated outside of the Kingdom.

That being said, your broker can impose its own limits, and you'll need to pass the initial Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements, which are verified during the account application process.

It's also worth noting that any person's ability (or inability) to open a brokerage account in Saudi Arabia is dependent on their status as a Politically Exposed Person (PEP). This includes government officials or members of the royal family.

Which is the best trading platform in Saudi Arabia?

Whether you are a beginner just entering the forex markets or an experienced forex trader, you'll want to use a first-class trading platform. Below, we've listed the best trading platforms in Saudi Arabia for 2023:

  • IG
    - 9.9/10 Overall
  • FOREX.com
    - 9.3/10 Overall
  • XTB - 9/10 Overall
  • Swissquote - 8.7/10 Overall
  • AvaTrade - 8.6/10 Overall
  • Plus500 - 8.5/10 Overall
  • Capital.com - 8.4/10 Overall
  • XM Group - 8.4/10 Overall
  • Admiral Markets - 8.3/10 Overall

Saxo Bank is our top pick for trading platforms in Saudi Arabia, as it allows you to trade not only forex and CFD markets, but also exchange-traded stocks across global markets – all from within one of the most advanced trading platforms in the world.

The SaxoTraderGO suite is an excellent choice for Saudi nationals and residents of the Kingdom who are looking to access global markets. Available for both web and mobile, it includes insightful research curated by Saxo Bank's in-house staff, along with powerful charting and excellent trading tools.

Saxo's desktop platform (SaxoTraderPRO) is equally powerful and is designed for traders who want to use multiple screens – an ideal setup for day traders and serious active investors.

Which trading app is best in Saudi Arabia?

Saxo Bank's mobile app is the top choice for forex traders in 2023. The SaxoTraderGO web and mobile platforms provide a powerful selection of tools combined with top-notch research in a highly unified cross-platform experience. The IG Trading app is packed with sophisticated features like alerts, sentiment readings, and high-powered charting capabilities.

Neck and neck with Saxo Bank is IG, which is packed with sophisticated features like alerts, sentiment readings, and high-powered charting capabilities. Whether you choose IG or Saxo Bank, you’ll be trading forex on some of the most advanced mobile trading platforms available.

BrokerNotes.co 2023 Overall Rankings

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

Company Accepts SA 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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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

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

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

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.


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