Top 5 Forex brokers in the world (2024)

Top 5 Forex brokers in the world list is here, ForexSQ experts conducted list of top 5 Forex brokers in South Africa, UK, Australia, Europe, Asia, USA, India, Swiss and all around the globe for you to open real or demo currency trading account

Top 5 Forex Brokers In South Africa, UK, Europe, Asia, India

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Fxpro

Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering Forex trading along with CFD’s. The MT4, MetaTrader5 and cTrader online trading platforms are available.

IG Group

IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders.

While the majority of the IG Group’s activities are based in the UK, the company has expanded internationally. IG Markets is the oldest broker in the top 5 Forex trading brokers list.

Plus500

Plus500 was established in 2008 as an online international trading platform regulated by FCA in UK with many branches in the world.

CMC Markets

CMC Markets is licensed and regulated by the Financial Conduct Authority of the United Kingdom (FCA), one of the strictest regulatory agencies in the world.

eToro

eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom.

Top Forex Broker In Australia

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Pepperstone broker is founded in Australia, Melbourne and has offices in USA, Dallas and China, Shanghai. Pepperstone is one of top Australian online retail foreign exchange broker specializing in FX trading.

Top Forex Bank In Denmark

Saxo Bank is a Danish investment bank. It was founded as a brokerage firm in 1992. Saxo bank offers trading through its online platform SaxoTrader in Forex, stocks, CFDs, futures, funds, bonds and futures spreads. Private wealth management services are also offered.

Saxo bank is a top Forex broker and the only Danish Forex broker in the list of top 5 broker in the world and its the biggest top 5 Forex trading brokers in Denmark, that is why we list Saxobank in the top five Forex brokers in the world.

Now you know how to choose the top 5 Forex brokers in the world but continue reading to know about swiss brokers.

Top Forex Banks in Swiss

Dukascopy Bank

Dukascopy Bank SA is known for its transparency in its Swiss SWFX market place. In June 2011, the product is officially referenced on Dukascopy Bank‘s official web site.

Dukascopy Bank is not only one of the top 5 Forex broker in the world but is one of the top 5 broker Forex in Swiss for retail traders that is why ForexSQ team list Dukascopy bank in the list of top five Forex brokers in the world.

Swissquote Bank

Swissquote Group Holding SA is a Swiss banking group specializing in the provision of online financial and trading services.

Now you know how to choose the top 5 Forex brokers in the world and you can choose the top Forex brokers now from the top five Forex brokers list made by ForexSQ team.

Top 5 Forex Brokers In USA

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Forex.com

The Forex.com broker Owned by parent company GAIN Capital . Operating since 1999, FOREX.com was a first mover in bringing currency markets to the retail trader. The company provides market access and trade execution services in foreign exchange, contracts for differences and exchange-based products to retail investors.

Forex.com is a top Forex broker and has many branches in the world under Gain Capital company name, Forex.com is not only one of the top 5 Forex brokers in USA but is one of the biggest top 5 Forex trading brokers in the world.

FXCM

Forex Capital Markets, better known as FXCM, is an online Foreign exchange market broker based in the United States.

FXCM promotes a “no dealing desk” business model for its currency products, taking prices from a number of major banks and allowing clients to trade the best price at any given time. Fxcm is one of the top 5 forex broker in the world.

Oanda

Oanda broker is a Canadian-based Forex company providing currency conversion, online retail foreign exchange trading (fx), online foreign currency transfers, and Forex information.

Oanda is one of the top 5 broker Forex in U.S. even i can say its the in the list of top 5 Forex trading brokers in the world.

Fxstay

Fxstay Forex broker team provide professional Forex managed accounts service to their clients.

Fxstay team provide VIP managed Forex accounts use dedicate teams which include international traders to Managed investors account with low risk. Fxstay is one of the top 5 forex broker in the world specialized only in managed Forex accounts service.

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For more reviews visit TopForexBrokers.com to get all information about top 5 brokers in the globe. This list will update, write in the comments about your experience with the top five Forex brokers in the world.

Top 5 Forex brokers in the world (2024)

FAQs

Who is the No 1 forex trader? ›

George Soros is undoubtedly one of the most successful forex traders in the world. His bold and aggressive trading style has earned him a place in history, and his philanthropic efforts have made a positive impact on many lives. However, his controversial reputation may not sit well with some investors.

Which broker is best for forex trading in US? ›

8 best US regulated forex brokers in 2024
  • OANDA - Best US Forex broker overall.
  • Forex.com - Lowest spread Forex broker.
  • IG - Best Forex broker for beginner traders.
  • Interactive Brokers - Best Broker commission rates.
  • TD Ameritrade - Best U.S.-Based customer support.
  • eToro - Best social and copy trading platform.
Dec 19, 2023

Which broker is best for international trading? ›

Comparison of international online brokers in India
BrokerOverall scoreMinimum deposit
Interactive Brokers4.9 /5$0
Saxo Bank4.9 /5$0
NinjaTrader4.5 /5$0
CMC Markets4.5 /5$0
6 more rows
Mar 28, 2024

Which is the safest forex broker? ›

A safe broker will be regulated by a reputable financial authority, have a good track record, offer competitive trading conditions, and have a strong customer support team. Some of the safest forex brokers in the world include Pepperstone, IC Markets, FXCM, OANDA, FBS, XM, eToro, AvaTrade, IG, Saxo Bank, and FXTM.

Which bank is best for forex trading? ›

HDFC Bank

HDFC Bank is known for its wide range of forex services. It offers favorable rates for travelers and offers prepaid forex cards for international travel.

Did anyone get rich with forex? ›

One of the most famous examples of a forex trader who has gotten rich is George Soros. In 1992, he famously made a short position on the pound sterling, which earned him over $1 billion. Another example is Michael Marcus, also known as the Wizard of Odd.

Are there forex millionaires? ›

The answer is yes! Forex can make you a millionaire if you are a hedge fund trader with a large sum. But forex from rags to riches for the majority is usually a rocky and bumpy ride which often leaves some traders in their dreams.

Are there any billionaire forex traders? ›

3. Bill Lipschutz. Bill Lipschutz, one of America's wealthiest forex traders, has a net worth of approximately $2 billion. His trading journey began with a $12,000 inheritance, and he transformed it into a significant fortune through his trading skills.

Can US citizens use forex com? ›

FOREX.com offers US individual customers the ability to trade forex by setting up an Individual Account with us and an IRA through one of our three partner custodians with whom we have established relationships.

Can US citizens use offshore forex brokers? ›

US citizens are allowed to trade on offshore brokers as long as these brokers are registered with the CFTC or fall under an exemption category. It's crucial for traders to ensure that the broker they choose is compliant with these regulations to avoid any potential legal issues.

Which broker is most reliable? ›

Best Overall - Zerodha

Zerodha, a top discount broker, excels in trading and demat account services. Positive reviews, a user-friendly interface, affordable fees, diverse investment options, and useful features like technical indicators and advanced charting tools make it the best choice overall.

What broker do professional forex traders use? ›

Best Forex Brokers
Best Overall, Best for Range of OfferingsCMC Markets
Best Forex Broker for Advanced TradersSaxo Capital Markets
Best Forex Broker for Low CostsXTB Online Trading
Best Forex Broker for U.S. TradersIG
Best Forex Broker for Trading ExperiencesPepperstone
1 more row

Who is the number 1 online broker? ›

Compare the Best Online Brokers
BrokerStar RatingFractional Share Trading of Stocks
Fidelity Investments4.8Yes
Charles Schwab4.7Yes
Interactive Brokers4.6Yes
tastytrade4.5Yes
3 more rows

Who is the best trader right now? ›

  1. Paul Tudor Jones (1954–Present) The founder of Tudor Investment Corporation, a $11.2 billion hedge fund, Paul Tudor Jones made his fortune shorting the 1987 stock market crash. ...
  2. George Soros (1930-Present) ...
  3. John Paulson (1955-Present)

Who is the richest trader in the world? ›

Profiles of the Top 5 Richest Traders in the World
  • George Soros: The Master of the Quantum Fund. ...
  • Ray Dalio: Pioneering Bridgewater Associates. ...
  • Warren Buffett: The Oracle of Omaha. ...
  • Carl Icahn: The Activist Investor. ...
  • Paul Tudor Jones: The Contrarian Trader.
Feb 11, 2024

Who is the best daily trader? ›

There are a lot of successful traders but Jesse Livermore is often regarded as the most successful day trader.

Who is the youngest rich forex trader? ›

Profiles of Top Young Forex Traders
Trader NameAgeAchievement
Dan Legg21Multiple profitable trading ventures
Luke Blackburn23Established a reputation in forex circles
Percy Smith25Expertise in digital currency markets
Nelisiwe Masango28Became a role model for financial independence
Jan 14, 2024

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