Are you looking for a better place to open your trades? Whether you're a beginner or experienced trader, our reviews and broker listings can help you find the best platforms to trade with.
We only list brokers that are trusted, well regulated and offer competitive spreads, bonuses and trading conditions.
The Best Forex Brokers + Trading Platforms
- The leading Social Trading platform with 4.5m traders
- Follow other traders or be a leader
- Personal service and VIP perks
- Free forex signals + market research
- Online education and webinars
- Fee free withdrawals and deposits
- No commissions and low spreads
- Advanced trading tools
- Minimal account fees
- Stylish & Powerful Platform
- Trade Bitcoin + 12 Other Top Cryptocurrencies
- Plus Forex, Options, Stocks & ETF Trading
- Trusted, regulated broker with 10 yrs experience
- Multi award winning company
- Segregated accounts with leading banks
- World class trading platform
- Expert market analysis
- FCA Regulated and traded on the LSE
- Free Guaranteed Stop Loss
- Segregated funds at top tier banks
- Fixed spreads & negative balance protection
- Choice of two professional trading platforms – TraderPro and MT4
- Free trading course for deposits over ?1,000
- Choice of Forex, CFDs, Spread Betting and Cryptocurrencies
- Split second execution
- No requotes
- Range of accounts
- 'Asia's top broker'
- Wide choice of leverage options
- Instant fund withdrawals - no commissions
- Tight spreads from 0.1 points
- Unlimited leverage
- 8 Trading Platforms
- Spreads from 0.1 Pips
- $0 fees on deposits
- Trusted by 100,000s of traders
- Fully licensed in the EU by CySec
- Tight spreads and fast withdrawals
- Tight spreads without commissions
- Advanced charting tools
How to choose a forex broker
Regulation in the forex market
In the US, a reputable forex broker will be a member of the National Futures Association and will be registered with the U. S. Commodity Futures Trading Commission as a Futures Commission Merchant and Retail Foreign Exchange Dealer.
A broker that is a member of the National Futures Association and subject to CFTC regulations will state this and its NFA member number on its website, typically in the "about us" section and on each web page.
In the UK, brokers are regulated by the Financial Conduct Authority (FCA). In other countries, there is a specific regulator responsible for forex brokers. Any platform should have a legal indication of being regulated by such an authority, in the interest of protecting your deposit.
The offer of each broker may differ in terms of leverage and margin.
Forex brokers will offer a variety of leverage amounts depending on the broker, such as 50:1 or 200:1. The ability to select the leverage a trader desires enable better control of risk.
Different brokers may also offer different commissions and spreads.
A broker that uses commissions may charge a specified percentage of the spread, the difference between the bid and ask price of the forex pair.
However, most brokers advertise that they charge no commissions, and instead make their money with wider spreads. The wider the spread, then, the more difficult it can be to make a profit.
Popular trading pairs, such as the EUR/USD and GBP/USD will typically have tighter spreads than the more thinly-traded pairs. A trader should compare spreads on the pairs the trader prefers to trade from broker to broker.
Different brokers also offer different terms for deposits and withdrawals.
Each forex broker has specific account withdrawal and funding policies. Brokers may allow account holders to fund accounts online with a credit card, via ACH payment or via PayPal, or with a wire transfer, bank check or business or personal check. Withdrawals can typically be made by check or by wire transfer. The broker may charge a fee for either service.
The offer of currency pairs can also vary from broker to broker. Many brokers offer only the majors, and then a few minor pairs. There are, however, a great deal of less-traded pairs that merit attention, and it may be worth finding a broker who offers a great variety.
Ease of use of the trading platform is another important offer from a broker. The platform should be easy to use, visually pleasing, and have all the tools that the trader likes to use.
The trader should have no difficulty working with the platform so that there are no mistakes when trading.
One other factor that may affect your choice of a broker is customer service.
This can vary wildly from one broker to another. Trading forex is a 24-hour activity, so your broker should certainly offer full-time customer service. There should also be rapid intervention if you have a problem making a withdrawal of funds – one typical problem with forex platforms is that it can awkward trying to get your profits out.
Your platform should have a consistent withdrawal policy and, if something goes wrong, customer service should intervene without delay or any issues.
Similarly, if there is a trading problem – that is, if the trading software malfunctions – your customer service should unwind the trade for you without any questions.
Can you trust user reviews of forex brokers?
We have debated adding a review section to each of our broker pages, but in researching other forex site a trend is clear: many bad experiences of trading with a particular company come down to naivety or inexperience with trading markets. It is easy for people who have been sold a 'make money online' dream to feel scammed if they very quickly lose their capital - but is this the fault of the trader, the broker or the website or mailing list who sold them on the dream to begin with?
Likewise, due to the vast sums moving through the financial markets each day, it is not hard to find suspect reviews, either absurdly positive ratings that suggest they were written by a member of staff from a small time broker, or aggressively negative posts that appear to be an attempt by unscrupulous brokers to smear their competitors.
In short, it's a mess. So what is a trader to do when evaluating a platform?
In our view one of the best steps you can take is to choose a broker that is regulated by a organisation that actually has teeth. While the UK's old regulator, the FSA, used to take a lax approach to regulation, in recent years they have taken a particularly hard line with brokers. This may mean a more laborious sign up process, as they must now meet stringent money laundering requirements - but in turn it means they, and the partners that advertise them, are strictly limited in the claims they can make so you know you're not being oversold. They must also meet much tighter licensing and accounting procedures so you know your money is safe.
Use our broker comparison list and make your own opinions
To choose between the regulated brokers, we suggest taking a good look at the spreads they offer and the quality of their trading software. Sign up for a demo account or take a no-deposit deal and test the waters - can you see yourself using this platform every day? Is it responsive to your trades, or do you witness slippage in placing or closing your positions?
Compare the pros and cons of each trading platform, and make an informed choice as to whether a better platform is worth paying higher fees for - or indeed, if a simplified interface or features such as social trading are worth paying a premium for. We only list forex brokers we feel meet an exacting criteria, but your priorities may differ - make sure to explore each broker in full rather than opting for the company with the biggest welcome bonus.
Forex Trading Course Level 1: Pip Fisher™
Tackle Volatile Forex Markets with Zero Fear and Build Your Consistent Trading Income… (No Experience Needed!)
You’ve heard of how people make sizable profits from trading Forex online and you are keen to try. But you are also aware that Forex is “risky business” and you are afraid to lose your capital.
Does this sound like you?
Good news is this — basic Forex trading, when done right, is one of the safest and most profitable ways to build your income… and we’re about to show you how.
Why FX trading?
- Only $500 to start — You don’t need a lot of capital or risk losing your life-savings.
- 24-hour market means you can trade any time, 5 days a week. Unlike stocks, you don’t need to rush in when “market opens”.
- You can focus on a few currency pairs rather than study thousands of stocks.
- Largest market in the world — $3 trillion per day versus $500 billion for stocks! High liquidity means you need not worry about big players “cornering” the market.
Are you keen to start basic FX trading without wasting money and time on Forex trading strategies that don’t work? Do you want to learn a trusted Forex trading strategy that can help you build a reliable trading income? Then you’ll be happy to read on…
Introducing… Forex Trading Course Level 1: Pip Fisher™
Pip Fisher™ helps traders navigate the volatile Forex market with 100% confidence, with no fear of risking their capital. This Forex trading course is perfect for new and existing traders who want to leverage the Forex market to build a reliable income stream. Our powerful curriculum is designed to help traders start making Forex profits in the shortest possible time, with sufficient practice.
Trading mentor Adam Khoo knows that 90% of traders lose in the zero-sum game of Forex because they dive in without a solid plan. He created this course with the core elements of trading success to help you cut short your learning curve and avoid burning your fingers in the market.
METHOD + MONEY + MIND = TRADING SUCCESS
Here’s Why You’ll Love Our Forex Trading Course
Powerful Strategies for a Consistent Forex Income
You will learn proven Forex day trading strategies that give you an edge over the markets.
Your Capital Is Always Safe with Risk Management
You will learn how to size every trade to keep your risk to a minimum. You will never blow your account just because of one disastrous trade.
No More Fear and Greed; Only 100% Confidence
You will learn to manage your psychology like a top trader and make solid decisions even on nerve-racking trading days.
Proprietary Tools for Profitable Trading
You’ll spend less time trading and more time profiting with our effort-saving tools developed by traders for traders.
Lesson 1: Introduction to Forex Trading
- The Business of Forex Trading
- Forex Basics: Currency Pairs & Contract Sizes
- How to Profit from Forex Moves: Going Long and Shorts
Lesson 2: The Secret to Consistent Trading Profits
- The Statistics of Consistent Profits from Random Outcomes
- Trading like a Casino
- Developing a Trading System with Positive Expectancy
Lesson 3: Mastering Technical Analysis
- Principles of Technical Analysis
- Candlestick Patterns
- Identifying Trends
- Utilising Support & Resistance as Supply and Demand Zones
- Mastering Moving Averages
- Using MT4 Charting Platform
Lesson 4: Position Sizing
- Position Sizing & Money Management for Pros
- Automate Your Trading Business with Order Management
Lesson 5: FX Impulse Pullback Strategy
- Impulse pullback price action patterns
- Entry and Exit Rules for Impulse Pullback long and short setups
- Filtering for high-quality setups
- Trade management and Exit strategies
Lesson 6: Psychology of Winning Traders
- How Winning Traders Think
- Managing & Overcoming Negative Emotions
- How to Manage Temporary Drawdowns
- Programming Your Mind to become a Winning Trader
Lesson 7: Bull Flag Surf
- The Bull Flag Surf Strategy
- Bull Flag Surf price action patterns
- Entry and Exit Rules for Bull Flag Surf long and short setups
- Filtering for high quality setups
- Trade management and Exit strategies
Lesson 8: Developing a FX Trading Plan
- Develop a Winning Trading Plan
- Learn a Daily Trading Routine that Takes Just 3-6 Hours a Day
- Keeping a Trading Journal
- Choosing an FX Broker
Lesson 9: Correlation trading and Bid/Ask Spreads
- Understanding Bid/Ask Spreads
- Trading based on Correlations between currency pairs
Limited Time Offer: Enrol Now and Receive 3-Month
Complimentary Access to Our Forex Setup Alerts!
Ever missed a lucrative trade because you were busy at your day job? We know that pain. Here at Piranha Profits, many of us are part-time traders who don’t have time to keep monitoring the charts… and we don’t need to. That’s because we’ve created a handy setup alerts system that tells us whenever a potential setup appears. This system has helped us close 2 profitable trades in 3 days!
For a limited time only, we are giving you 3 months’ free access to these setup alerts when you enrol for our Forex Trading Course Level 1. Enrol for our course now and grab the offer while it lasts!
Invest Just Once and Benefit for a Lifetime
with the Piranha Profits Trader Support System
I am a complete beginner, will this course be suitable for me?
Yes! This course is suitable for both beginner and existing traders. Adam will start from the basics before moving into advanced Forex trading strategies.
Each video tutorial is created in a simple-to-understand manner for easy learning. What’s more, with our lifetime access, you can always re-watch the videos as many times as you need.
I already have trading experience. Must I still go through the Forex Trading Course Level 1?
Yes, Forex Trading Course Level 1 is the pre-requisite. It covers all the essential skills that every trader MUST know to be consistently profitable. These include technical analysis, risk management and trading psychology — factors that can make or break your trades.
Our Level 2 course strategies are built upon the crucial skills taught at Level 1, so it is vital that every trader understands the Level 1 concepts fully.
Is the strategy taught in this course enough to help me start profiting?
Yes! On top of trading essentials such as risk management and trading psychology, this course includes Adam Khoo’s profitable strategy called the “FX Impulse Pullback”. You can apply this technique immediately in the markets to start making profits.
How do the Piranha Forex trade setup alerts work?
Our Forex setup alerts are coded based on the strategy taught in Forex Trading Course Level 1. They are not sold separately and are only available to our Forex course students as a complement to the course. Since these are potential setup alerts (i.e. not guaranteed), all students must do their due diligence by using our course strategy before taking any actual trade. After the free 3 months, you can opt to continue the setup alert subscription at a discounted fee of USD 20 per month (U.P. USD 49 per month).
Can I exchange the free setup alerts service for a discount?
The complimentary benefits cannot be exchanged for cash or discounts.
Can I get any further discount?
The course fee you see on this page is already heavily discounted to make the course affordable for all traders across the world. Once you enrol for our course, you gain lifetime access where you can re-watch the videos as many times as you like at no additional fee. What’s more, you can use our proprietary trading tools (worth USD 500) anytime with no subscription fee or hidden costs. This is truly a value-for-money deal you don’t want to miss!
Can I pay in instalments?
We apologise but this option is not available.
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Take action and build your reliable Forex income stream!
Enrol in our trusted, online Forex trading course and gain the confidence to navigate the currency markets.
DISCLAIMER: • Past performance of any trading system or methodology does not necessarily indicate future results.• The services provided in the site, Profit Snapper-Stocks Trading Level 1, Market Snapper-Stocks Trading Level 2, Piranha Trade Bites, Forex Trading Course are not available for purchase in Singapore and Malaysia. No exceptions are allowed.• Piranha Trade Alerts are provided for educational purposes only and should not be construed as investment advice.• Piranha Profits, its board of directors, officers, employees or consultants do not guarantee performance will be profitable or will result in losses.• Traders must complete Piranha Trade Alerts User Guide before executing any trades.• Traders must adhere to specified parameters of trade alerts and perform position sizing calculations based on guidance from Chapter 2: How To Read Trade Alerts And Size Your Trades Positions before execution of any trades.• Piranha Profits shall not be held liable for any partial performance, damage to equipment or non-performance of any of its obligations under Piranha Profits Terms & Conditions that is beyond Piranha Profits’s control, including factors like failure of transmission, communication or computer facilities.• [Piranha Profits] is the sole legal and beneficial owner of all intellectual property rights in relation to the training programme(s) herein (“Intellectual Property Rights”). Any unauthorised reproduction without the written consent of [Piranha Profits] will be considered an infringement of the Intellectual Property Rights of [Piranha Profits]. For the purposes of this agreement, intellectual property rights include (but are not limited to) training materials, training programmes, seminars, video recordings.• You must not directly, or indirectly conduct, advertise, promote or solicit any business activity in competition with Piranha Profits and all/any of its associated programmes and offers, otherwise, Piranha Profits reserves the right to revoke your participation and terminate your privileges in Piranha Profits and all/any of its associated programmes and offers, including any specified support.