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Best Forex Brokers

In order to trade Forex, you need a broker.

The broker is where you deposit funds, trade, and then withdraw your winnings. Whether you are using robots, signals, or trading manually, you will always need a broker in order to trade.

Once you signup with a broker, they will give you access to the platform (Metatrader 4/5), that you can install on your computer, phone or tablet, so that you can start placing trades.

Currently, I’m using three brokers for my trading, and you can see these recommendations here:

Best Forex Brokers 2021

ImageMin. DepositRatingCountriesSign UP
$10
Worldwide & US

$10
Worldwide

$1
Worldwide

$10
United States

To learn more about the #1 ranked broker in 2021 for worldwide clients, watch my video review here:

If you’re in the US, then please watch this review video here:

As we continue to grow, we add more and reviews to the Forex Robot Nation resource. In the past few months, we’ve started to review more brokers to give the community more options, and we’ve found that many of these reviews are getting a lot of real client feedback in the comment sections.

That being said, here is our full list of recent Forex broker reviews:

ImageTitleSummaryCategoriesDate

If you would like to see more brokers added or you have a certain Forex broker that you would like us to test just send as an email or leave a comment.

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81 comments

  1. which broker is better for Uganda forex traders

  2. As a US citizen being supposedly limited to leverage of 50:1, is it feasible to make a decent profit in forex vs foreign persons using leverages of many times the US allowable. Note: I am a newbie with no forex experience yet.

    Thanks, Don

    • Hi Don, it’s still possible to be profitable with a lower leverage. Many US traders will look abroad for brokers that allow them to trade higher leverages, like OspreyFX in my list above.

  3. Which broker is the best for users in Egypt or Middle East
    What u think about mx broker?

  4. Patrick,
    Thank you for all your help and support.
    I am in USA and wasnt to user EA robot for EURCHF, EURGBP,USD/CHF.
    I have opned account with forex.com. Not sure if its an ECN broker…Person who sold Robo suggested to use ECN Broker.

    What do you think about Forex.com.

    or do you suggest any other ECN broker in USA for automated trading with MT4 EA?

  5. Hi, Patrick

    I would like to start my trading FX trading journey. Which broker do you think is best for me? I am from the Philippines.

    Thanks.
    Stef

  6. Hello, I have registered at fxopen.com, now my task is to choose an account! which one would you use for an investment of 1000$-3000$ …… STP, micro or ECN?

  7. Hi there, just want to ask if this would he compatible with Axi?Thanks

  8. Hi, I recently made an IG.com account. I saw they have great reviews. I was wondering what are your thoughts on them?

  9. I are use Tripleafx (AAAFx) demo , they seem to be ok. What do you know about them. I am from USA.

  10. Hi FRN Team,
    I was reading about PaxForex and I found that it’s not regulated and it has no clear and known headquarter, so I don’t know if it can be trusted! What do you think? And can I know what makes you recommend it?

    Thanks ????

  11. Hi,
    First of all I want to thank you for your great efforts here and the awesome work.
    If you don’t mind me asking you about which is the best broker that provide VPS and works well with robots like Forex Steam?
    I’m asking because I never used VPS before and from what I read it’s recommended to use VPS if we’re using robots to avoid any problem with server or device shutdown and I want to have everything right before I buy the robot.

    And if you have any other suggestions for me please let me know and I will be grateful.

    Thanks ????

    • Hi Fadi, I’ve never used a broker that provides a VPS. I just have my broker, and pay for my VPS separately. When deciding to use a Forex robot, you should buy the robot first. As, the robot members area will provide all the details and guides you need to get started when it comes to brokers, VPS, etc.

  12. your reviewing brokerages where is the review for the preferred brokerages you recommend? why is right click disabled?

  13. I am trying to find a good trading platform and have seen many bad reviews for many platforms (poor spreads, poor communication, problems withdrawing money, etc). I am happy to try FX Open as recomended here, and I have also found these with mainly positive reviews. Thoughts anyone?
    FP Markets, FXTM, Fusion Markets, Trading 212, Lightspeed Trading, Trading View.

  14. We are trying to used ICmarkets , FXDD and Land-FX. What can you say about them?

  15. Last time I enquired on the best brokers (in may) you had Forex Time (FXTM) as highly recommended on the top ten.But I now can’t seem to find them here? Should i be concerned as am just about to start using them?
    Thanks!

  16. Paxforex not available for USA persons?

  17. Is the VPS service provided by FXopen good enough? Or is it better to get from one of the 3rd party VPS providers you recommended?

  18. Hello I am in Australia and using a broker named Pepperstone, can I use Forex Fury with Pepperstone? Also can you please explain how the robot works and give some indication of past performance thanks

  19. Hey FRN thank you for last answer! Next answer is… Can I join broker FBS, OctaFX, or XMFX (i use OctaFX) they can withdrawal in local bank in my country, what do you think?

  20. i see you suggest FXopen as broker, but which one? since FXopen has three bodyes under someone can open an account: FXopen AU (ASIC), FXopen UK (FCA), FXopen Nives (local authority). As you know these different regulations bring a customer to different conditions. Please specify because I think you are referring to a particular one you have worked with

  21. What do you think about Oanda? Can’t see it on your list. What benefits does fxopen have over oanda? Inquiring minds want to know!

    • Hi Weeber, they are a great broker. Many of the readers here are with Oanda. I’ll do a review at some point in the near future.

    • I signed up with fxopen and I just took a look at Oanda and they look good too. How do you chose?

      Im trading from Australia so trying to figure out the best broker. Ive got my account with Fxopen.com but then afterwards I realised they have another website with a com.au address so not sure which is best option or if it even matters. Now Oanda has come to my attention as a good option too. Honestly choosing a broker is difficult with so many options.

  22. Gooday, i would like to open 2 FXOpen accounts, one to run Forexsteam and the other to run Forexfury. I would like to use the robots but run them on 2 MT4 platforms on on VPS Server, is that possible? I’ve noticed that you can only download one instance of a broker platform, which means that I would need to open another instance of windows to run the same broker platform with a different robot?

    • Yes Mike, this is possible. When installing MT4, just install it to a new folder, then you will have multiple instances. If you want more than two MT4 platforms running, then just keep installing MT4 to new folders each time. The folder can just be labeled MT4 1, and MT4 2. As long as it’s a different name, a new MT4 will be installed each time.

  23. If I open an account on your recommended broker PaxForex, since I am in USA, whcih type of account do I open? Standard or Mini?

  24. jorge sachelaridi

    Hi people. Do you still recommend Forex Fury? What about the Minimiun capital for this robot..

  25. hello how is it going? do you still recommend Forex Fury?

  26. I’m using IC Markets out of Australia but I have a suspicion that they are manipulating the way the EA works because Steam has hardly placed a trade over the past 3 days. I’m thinking of moving over to one of the recommended brokers on this site, any preferences?

  27. Which is the best broker account to open on $500 deposit , using Forex fury , and a VPS.
    The broker account must be ECN is this correct

  28. hay, iam asking please wich one of thes brokers ( fxPRO, xm, ironfx) can work very god with forexfury robot and forex steam robot

    Thankyou so much for your all efforts….

  29. How do you feel about using your ea on these brokers: Tallinex / Traders Way / Oanda / FXchoice / FXCM – U.S.A. If you have not tested them please try as per your site.

  30. hi.. im from msia..
    is OctaFx good to use with forex fury EA?
    thanks

  31. I am from The USA, what is the best low spread broker to use with forex fury?

  32. can i use the ea for exness mini accounts

  33. Hello everybody,
    I’m looking for a good broker accepting perfect money payments, do you know one ?

  34. Hello, I saw that it is possible to get a robot directly with finfx (signal trader). Is it a good one ?

  35. Hi!
    Is FinFX good to use with Forex Fury EA?
    Do they offer demo account?
    I see on their site they have low spreads…
    Thanks for your answer!

  36. Hi. I’m using IronFX. Should I install FinFX to use EAs like ForexStream and/or GoldBull?

  37. Okay, gatcha, Forgot that. Hmmm. Maybe a long way to go but I’ll get there.

  38. I thought you had chosen Boss Capital as the best broker? Is this an additional one or have you changed from Boss?

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