Our selection of the best forex brokers of 2019 is the result of comparing only the most trusted brokers with long standing traditions and flawless financial backgrounds which makes all of them a safe choice. We tried to find the best forex broker overall although this choice will often be a question of individual trading preference.

We have compared brokers based on several factors which we think are most important from a traders perspective.This factors are: trading fees and spreads, trading platforms, charting and analysis tools, assets and regulators.

1. IQ Option (Best Binary Options Trading Company)

4. Plus 500 (Recommended for experienced traders looking for an easy-to-use platform, with great user experience)

5. OandA (Most user friendly trading platform + best API)

is the Best Forex Broker overall with great support and trading platform.

is best for Forex and Binary Options Trading with great UE.

best for Copy Trading with low trading fees and mobile app.

is the best platform for CFD trading with a long standing tradition.

offers the most currency pairs and analysis tools.

is the Best broker for technical analysis and tools.

All of the brokers we took into comparison are considered as safe as they are all regulated by the top tier regulators like the FCA and ASIC and also have a long standing trading tradition.

Considering all of the many factors, we think that the most important ones are trading fees and a user friendly platform. The trading fees should be reasonable and the trading platform should be easy to understand and use.

What all of the compared brokers also have in common are the free demo trading accounts. If you are just starting out withforex tradingwe highly recommend you to start trading with a demo account where you cant loose any money as you probably know, forex trading is highly risky and you can loose money in matter of seconds.

All of the brokers also enableCFD trades. This are high risky and complex contracts and are not suitable for beginners traders you can loose all of your investment in seconds.

Taking all of the above information into consideration this are our favourite brokers in overview:

With almost 16 million accounts and 3,6 million trades per day IQ Options is a legit and transparent trading platform following the latest financial regulations, which enables users to trade a variety of different instruments and assets like forex, stocks,binary options, cryptocurrencies etc.

The trading experience is pretty smooth. Based on the high level functionality the platform is a good fit for professional traders, but it is also a good fit for beginners as it is really easy to understand and navigate. If you sign up you can be sure to interact with an intuitive platform that enables access to a a big amount of resources, and trading options.

The platforms comes with a few drawback as well. The customer support is still being upgraded and at this time it can happen that you will need to wait for more than 24 minutes in order to have your queries processed. If you are just starting out and you will need to interact with a customer support agent on a daily basis, than you need to pay an fee of $3000 in order to secure a consistent communication. USA, Japan and Canada based traders are not allowed to register withIQ options

eTorois an established social trading company, operating since 2007. It is an FCA regulated entity when operating in the UK, an Australian entity in Australia, and a Cypriot entity for international customers.

eTorois considered to be a trustworthy platform as it is regulated by an established regulator while being a well-recognized startup as well. Its main operation is based around CFDs. CFDs are complex instruments that include leverage, so they come with a higher risk.

eToro has been awarded as the best social trading platform social trading means you can follow other traders and copy their investment strategies.

Great support in Arabic language: Monday till Friday 24h/day

Copy trading feature copy the best trading secrets

Solid online trading platforms (mobile app, web trader MT4)

Safe and fast deposit options and withdrawals

Strong regulations and security by FCA (UK)/ ASIC (AUS)/CySEC (EU)

Trade: FX, Stocks, Cryptocurrencies, Commodities, Indices, ETFs

We would recommend this platform to active and mid active traders as they will benefit from slightly lower trading fees and spreads.

There are no major downsides on this platform. What we could lay out as a downside is the fact that the MT5 trader did not rolled out yet.

In a nutshell, as a trustworthy global player, Forex.com offers plenty of trading options for Forex and CFD traders. With all of the major trading platforms, diverse trading tools and research tools FOREX.com is suitable for almost all traders at all experience levels.

4. Plus 500 (Recommended for experienced traders looking for an easy-to-use platform, with great user experience)

Plus 500 is a quality CFDs provider and operates around the world via its subsidiaries: Plus500AU, AFSL417727issued by ASIC, Derivatives issuer licence in New Zealand for NZ clients, FSP No. 486026; Financial Services Provider 47546 in South Africa. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

Plus500 CY Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).

Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1).

Client Money is held on trust, separated from Business Money. Should Plus500 go into liquidation client money would attract all the legal protections afforded to trust money.

Plus 500 has one of the most user-friendly platforms that allow instant access to variousmarkets, including commodities, indices, shares, andoptions. Every asset is availableto buy or sell as CFDs, with leverage up to 1:300, commission-free.

Many other featuressuch as stop, limit, andtrailing stop are all present on the platform. Customers can also enjoy trading in a free unrestricted demo account that imitates real action. The platform has a lot of news, market information, training tools and comes with solid customer support. Everything is available in the Arabiclanguage, including customersupport.

OandA has won many awards this year as the best overall pick for forex and CFDs trading. It is a well trusted company regulated by the top tier regulators like FCA and ASIC.

We would recommend this platform to users who are looking for a user friendly trading platform including high end research tools.

+On the positive side OandA offers one of the most user friendly and easy to use platforms including fully digitalised account opening and powerful research tools including the best API in the industry.

On the flip side you can only trade forex and CFDs with a pretty high withdrawal rates. Their support would need some improvement as well..

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FXCM is a UK based forex broker which offers some CFDs as well and is regulated by some top tier regulators like FCA and ASIC.

We would recommend this platform to users looking for great technical research tools.

+What we found best on this platform is thefast account opening options,low trading and finance feesand thehigh end technical research tools.

On the downside, FXCM only offers forex, CFDs and some crypto trading options. Their platform needs and update as it is outdated and not user friendly.

No minimum deposit required so feel free to give it a shot inactivity fees charged only after a year.

XTBis primarily a CFD and forex broker regulated by the most trusted financial regulators including the FCA and is also listed on the Warsaw stock exchange.

We would recommend this platform to users looking for fast deposit and withdrawal + great research tools.

+What we found best about this platform are the fast deposits and withdrawals and also the hassle free account opening. The platform is easy to use and has a lot of research tools as well.

On the negative side trading assets are limited to forex, CFDs and real stocks in some limited countries. The support is a standard solution, but the employees can be a bit pushy some times.

In a nutshell, XTB is recommendable for clients who want to trade forex and CFDs and are looking for a hassle free account opening, low withdrawal fees and great research tools. Demo account option available.

What are the most important criteria to look for when choosing a forex broker? There are lots of them but we can simply split them into this three categories:

Almost all of the Brokers listed above offer a large selection of currency pairs available to trade, almost all have pretty low account minimums and the highest legal leverage ratio of 50:1. They also provide the choice between commission accounts and spread markup accounts. Commission accounts have a fixed commission fee but will in turn offer lower bid-ask spreads.

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Disclaimer: Business24-7 is your go to source when it comes to forex brokers reviews, insights and latest trading news. Our mission is it to compare the best brokers based on several factors, to make your decision less complicated. The results are objective and unbiased reviews showing real user experiences on the most trusted trading platforms. Business24-7 is free for everyone, but earns commission from some of the brokers. We get commission with no additional cost for you. By trading with securities you are taking a high degree of risk. You can loose all of your investment money. You should start trading only if you are aware of this risk. Business24-7 is not providing any investment advice, we only help you find the best broker based on your needs and preferences.

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